Saturday, August 30, 2014

Millionday Friday Night News Part 1

Millionday Friday Night News Part 1

08/30/2014
Millionday News 8/29/14  Part 1

    Welcome to dinarupdates.com for news time with Millionday!

    [millionday] OK SO HERE WE GO

    [millionday] - Designated Prime Minister, Haider Abadi confirmed his commitment to the principle of national partnership in running the country.

He said in a statement read by his press office today that "the formation of the government is a great response to the IS which seeks to foil the democratic process in Iraq and the democratic structure of the country,

 and incorporating it in the conflicts between the components and the destruction of its civilization and cultural and intellectual heritage, calling on the political blocs to "expedite the provision of their candidates for the ministries.

    [millionday] NOTE -- HE IS STATING THAT HE HAS CHOSEN AND IS ASKING APPROVAL TO BE GIVEN
~~~
     millionday] Abadi promised to apply the, political, security and economic reforms after announcing the government.

The media office said that "al-Abadi continued his intensive meetings with all the political blocs to form a government and the drafting of the government program.

    [millionday] WHOOOPOW WHOOOPOW  - HE HAS UNTIL THE 9TH AND HAS MADE IT CLAEAR THAT HE WILL NOT TAKE THAT LONG -- LOVE IT

    [millionday] NOTE -- THIS WAS A PRESS RELEASE

    [millionday] The statement called on the blocks to "expedite the provision of their candidates for the ministries in order to study their CVs and choose the most efficient of them and has a program to develop a ministerial work and his ministry

He explained that he will start since the first day after the formation of the government to apply the government program agreed upon and start political, economic and security reforms and for the development of the country and rid it of the crises that it passed by.

    [millionday] SO HE IS SAYING THAT WITH THE ANNOUNCEMENTS OF THE MINISTERS AND FULFILLED GOV ALSO THEY WILL RELEASE THE ECONOMIC REFORMS AND ALL OTHER REFORMS AS WELL - SMILE

    quicktolegit96] Waiting on Parl to approve the ppl chosen for COM?

    [millionday] YES

    [Smokey Mtn. Dinar] What does CV mean?

    dovi] Curriculum vitae

    [millionday] THE CHOICES

    [lstar877] The ipo's being offered sunday or monday; is that international stock exchange

    [millionday] IT IS IPOS ON THEIR STOCK AND IS VERY INTERESTING THAT IT IS ON A THREE DAY WEEKEND TO ME AS WELL

    [millionday] THIS WOULD INCLUDE THE ASIA AND ALL OF THE ABOVE AND TO GIVE A DATE OF SEPT 1ST WHILE WE ARE ON HOLIDAY IS OF COURSE INTERESTING

    [millionday] HAVE NO INK ON DATE OR RATE  OK HERE WE GO WITH MORE  - BRB
 [millionday] al-Hashemi in order to activate the introduction of payments of the new Iraqi called on the Central Bank of all ministries and departments not associated with the Ministry to work with this system for the purpose of speed do the work instead of the old mechanisms.

 said Bank to clarify that this system is one of the advanced systems dependent and electronic means of payment and provide speed, accuracy and security in the transfer of money, stressing proven efficiency of this system where he Sechtzl ratio of effort and time to more than 7 percent of what is currently employed.

    [millionday] NOTE -- THIS IS A REPORT OF THE PAYMENT SYSTEM BEING INTRODUCED

    [millionday] In this context saw the researcher economic state fair that this system could limit of corruption as well as reflect positively on the reality of the economy, where would allow investors to complete their financial transactions away from the routine, which complicates things and streamlines.

added that if the commitment ministries instructions of the Central reported by the Ministry of Finance, it would be easy to transfer money to accounts in banks in line with the international banking standards and seek to boost confidence in the economy through the creation of a safe and sound banking system amid a competitive environment accessible to all.

 And participate in the payments system 45 banks, including state banks and branches of foreign banks, along with a large number of private banks.

    [millionday] NOTE -- THEY ARE TALKING ABOUT SENDING THE MONEY TO THE BANKS FOR THE PROVINCES AND ALL THAT HAVE ANYTHING TO DO WITH THE ECONOMIC REFORM ABADI IS TALKING ABOUT

    [millionday] consists payment systems Iraqi 3 parts is based gross settlement in real time, and clearing system with automatic registration system and Government Securities.

The Iraqi Central Bank to run and manage the accounts of the settlement between the participants to ensure the safety and efficiency of payment systems and operations Almqash.

wachart just that the activation of the system of payments at the level of ministries will contribute a lot in the transformation of the economy,

totalitarian and access to a market economy after resampling routine operations and administrative procedures complex computerization of information and automation settlement processes of checks and salaries and activation of automation systems for card electronic, to keep more cash in bank accounts.

    [millionday] NOTE -- THIS IS TALKING ABOUT ALL GOV FUNDING -- CREDIT CARDS ACTIVTED AND ALSO THE PROVINCES AND MONIES NEEDED TO MOVE TO THE NEW IRAQ

    [millionday] "This comes at a time of trying and kept the Iraqi Central Bank to reduce the use of cash (CASH) in the country, to meet the challenges of geographical and security issues, including softens difficult to transfer money across the country, and its exposure to risk. "

For his part, the Central Bank of the importance of the introduction of payments to keep pace with developments in the banking system for the purpose of providing the best banking services where proved this system efficiency and high adoption by the Ministry of Finance and the banks participating in the process of exchanging financial transfers among themselves and all from his position.

    [millionday] continued've decided to do the state departments to transfer funds to the Ministry of Finance through the payments system in accordance with the mechanism which include sending districts a letter to the unit of payments in the bank's president open account has or one of its branches include the refund amount to be credited revenue of the Finance Ministry's account at the Central Bank and our at the expense of the branch president Aulfra Open account has it and show the account number with surrounding what amount

    [millionday]. He noted that the unit of payments in the branch president will hold too much. ,

and pointed out that this mechanism requires no state administrative procedures or requirements or approvals, but it provides the time and effort and sings for regulating instruments as well as the speed of implementation and security aspects. ,

and where that commitment now relates to the amounts transferred to the Ministry of The rest of the financial departments can now implement transfers among themselves in the same manner and to compel it to operate while the new system of payment

    [millionday] SEE THIS IS STHE THING

    [millionday] IRAQ PLANS ON USING MORE CARDS TRANFERS AND PURCHASING ECT THAN ANYONE ELSE -- THEY WANT TO MODERNIZE TO THE EXTENT EXPECTED FROM ALL OTHER COUNTRIES AND

    [millionday] WILL ACTUALLY MAKE A HUGE MOVE IN THAT DIRECTION

    [millionday] THE PRINT OF CURRENCY AND COINS IS VERY EXPENSIVE AND THE TRANSFER ON CARDS AND WIRES IS A LOWER OVERHEAD FOR COUNTRY COSTS

    [millionday] THEY ARE TALKING ABOUT THE PAYMENT SYSTEMS FOR ALL CONTRACTS AND ALSO PAYMENTS AGREEMENTS -- ON AND ON

    millionday] IF THEY HAD IT THEIR WAY THE ONLY THING THEY WOULD USE IS PLASTIC -- BUT

    [millionday] THAT MEANS NO RISK AND NO THREAT TO THE BILLS INVESTORS HAVE -- IT IS JUST THE MODERNIZATION OF THEIR ECONOMIC PROGRAM

    [millionday] ALSO

    [millionday] REMEMBER THE TRUST THAT WE AS A COUNTRY HAVE EXPERIENCED THE LOSS OF AS WELL IN THE PAST SO THE BANKS HAVE TO REGAIN THAT TRUST AND THAT IS TO BE EXPECTED

[millionday] REMEMBER THE TRUST THAT WE AS A COUNTRY HAVE EXPERIENCED THE LOSS OF AS WELL IN THE PAST SO THE BANKS HAVE TO REGAIN THAT TRUST AND THAT IS TO BE EXPECTED

    [millionday] THIS PAYMENT SYSTEM IS ABOUT ALL GOV BENEFITS AND ALSO PROVINCE CONTRACTS AS WELL

    [millionday] IT WILL BE WIRED AND ALSO PUT ON A VISA OR MASTERCARD TO BRING THE MODERN BANKING THEY HAVE WORKED ON TO A REALITY

    [millionday] SO HUGE PLAN BEGINS TO MAKE SENSE

    millionday] IF YOU HAD RUN FROM YOUR COUNTRY OR WERE A WOUNDED PERSON ECT -- YOU WOULD LEARN TO USE THE ELECTRONIC BANKING TO GET MONEY

millionday] THEY HAVE A GOAL OF HAVING ALL BILLS PAID BY CARDS TO SAVE IN THE COSTLY PRINTING

    [millionday] THE HUGE POINT WITH THE LAST TWO REPORTS WE HAVE SEEN IS THAT ABADI HAS STATED THAT WITH THE ANNOUNCEMENT OF THE GOV FORMATION COMES THE ECONOMIC REFORM ENTIRELY

Comments may be made at the end ofPart 2
Part 2  Millionday News 8/29/14  Part 2

lstar877] Isn't sept 1st a new fiscal year for Iraq?

    [millionday] lstar877 I HAVE NOT SEEN THAT IN INK

    [graylnjo] MD is all this bank talk going to require a real rate and be implemented after the govt is seated??

    millionday] THE BANKING REFORM AND ENTRY TO THE INTERNATIONAL MARKET WILL REQUIRE A NEW RATE OR A REALITY RATE FOR TRADE

AND ABADI IS SAYING IT WILL COME WITH THE ANNOUNCEMENT OF THE FORMATION OF THE GOV IN THIS REPORT

    [millionday] VERY EXCITING TIME TO SAY THE LEAST
~~~

    [Josie] Are you aware of any other middle east countries ( i.e. Quatar) where they have a shared wealth (oil revenue) with their citizens utilizing electronic card payment structures with their citizens ?

Just wondering if this electronic card is a working established system or is Iraq breaking new ground ? (Never good to be the first to launch, always a huge learning curve)

[millionday] Josie THAT IS A GREAT QUESTION AND I WILL FIND OUT -- I AM NOT SURE RIGHT NOW BUT THINK IT SHOULD BE IN ALL COUNTRIES OF COURSE

    millionday] THE CALENDER YEAR MAKES THE QUARTER OCT 1ST ANYWAY YOU LOOK AT IT BUT IRAQ CAN CHANGE THEIR FISCAL YEAR IF THEY WOULD LIKE

AND BEGIN OR EVEN AS IN BUSINESS THE YEAR STARTS IN JAN BUT THE FIRST SALE IN OCT STILL MAKES IT THE FISCAL YEAR  --  OK BRB WITH MORE

    [millionday] HERE WE GO  --  Confirmed the negotiating committee of the National Alliance, said that "some blocks Alliance handed Prime Minister-designate, Haider al-Abadi, the names of candidates for the portfolios

and the formation of the government will be within 48 hours

The committee member said Khalid al-Asadi, that "the National Alliance does not mind the time setting limits to the demands that have been discussed with a coalition of national forces,

 and possible that some of the paragraphs are included in the core of the government program."

    [millionday] NOTE -- THE EXPECTATIONS OF ALL PARTIES ARE BEING DRAWN UP IN THE GOV PROGRAMS AS IN TRUE POWER SHARING -- THIS IS MAKING THE MAJORITY HAPPY --

    [millionday] So called prime minister-designate, Haider al-Abadi, on Friday, the political blocs to speed up the submission of names of candidates for the ministries during the "next couple of days."

 The Abadi said that "since the start and the first day after the formation of the government to apply the agreed government program, "referring to his" commitment to the principle of partnership and guidance of the religious authority.

    [millionday] NOTE -- ABADI HAS ALWAYS STATED THAT HIS GREATEST IMPORTANCE IS TO APPLY THE POWER SHARING GOV -- SMILE

    millionday] It is said that blocks a coalition of national forces presented a list of demands includes 14 items to negotiate with the National Alliance to be included in the government program,

as well as the National Bloc, led by Iyad Allawi 0.17 requirement, coupled with the demands of the Kurdistan Alliance.

    [millionday] NOW WE HAD A REPORT THAT ALL PARTIES ARE EXPECTING THAT AFTER THE FORMATION THE LIST THEY HAVE GIVEN FOR THEIR DEMANDS WILL BE MET

AND THEY HAVE AGREED THAT THE FORMATION OF THE GOV IS FIRST

AND THEN THEY EXPECT THE DEMANDS WILL BE MET

AND THEY HAVE ALL HAD VERY GOOD RESPONSES TO THIS ORDER OF HOW THINGS WILL BE DONE

    millionday] BRB WITH A WHOPPER  --SMILE

    [sudo1114] This electronic card is a debit card right? Which we use around the world for cash withdrawal, transfers bill pay etc.

 that's why we use so little cash because we pay everything with a debit card. Is that correct? So they are not creating anything new just new to iraq.

[millionday] sudo1114 THATS RIGHT BUT THEY ARE GOING TO TRY TO USE IT MORE THAN WHAT EVEN WE DO TO MODERNIZE TO A GREATER EXTREME –

THIS IS EXPECTED TO BE THE CHANGE IN MOST COUNTRIES -- JUST ANOTHER TYPE OF TENDER WE USE

    [dstratton04] Are they saying they are planning to activate the point of sale system on September 1? Did I read into that?

    [millionday] THEY ARE STATING THAT THEY ARE ACTIVATING THE ECONOMIC REFORM IN ITS ENTIRE SECTIONS INCLUDING MONETARY POLICY ECT -- WHEN THE FORMATION OF GOV IS ANNOUNCED --

    [millionday] THE BUDGET IS SUPPOSED TO BE APPROVED WITH THE HCL ARTICLE 140 AND THE FEDERATION COUNCIL AT THE SAME TIME

ACCORDING TO REPORTS BUT WE HAVE TO WATCH THE ACTION TO SEE WHAT HAPPENS

    [millionday] HERE WE GO  --  Fatlawi demanded an international expert in the governance of the need to apply the management process and the development of a clear vision to meet the challenges facing the Iraqi economy in the future,

stressing that the country will remain in a difficult situation without the presence of these former minister Alraah.

odaa d. Mehdi al-Hafez during an economic seminar attended by "morning" to the need to stand on the challenges facing the Iraqi economy in the future,

pointing to the importance of restructuring the national economy and activating the role of the private sector and attention to human resources and community development as well as the need for attention to the housing sector and solve the acute crisis afflicting the country,

    [millionday] NOTE -- THIS IS THE DEMAND TO ACTIVATE THE ENTIRE ECONOMIC ACTIVATION WHOOPOW

    [millionday] let alone about the deterioration of services and the need to improve them, pointing out that it is through the application of governance in Aladarh.obin Hafiz said the oil was and still is the main source of living of Iraqis,

 noting that there are about 20 million people get their livelihood through the state budget, taking into account the presence of more of 4 million government employees.

    millionday] NOTE -- THE BUDGET BRINGS TO PROVINCES THE MONEY TO FUND THE PROJECTS THAT THE NORMAL WORKER IS EXPECTING

TO BE ABLE TO WORK AND GET FUNDING FOR THEIR FAMILIES -- THEY ARE READING THIS ALL TOO AND VERY HOPEFUL

millionday] said Hafiz said the public sector has become dominant on the economic landscape of the country Banks Government acquires 90 percent of the deposits accompanied by depriving private banks Mnha.wachar the need to mitigate the dominance of oil on the economy through the activation of other sectors in order to diversify the economy alternative such as agriculture and industry, which

    [millionday] fell Kthira.tgdr be noted that the Institute for the progress of the development policies stressed earlier in the need to find appropriate solutions to oust the Iraqi economy from the problems experienced by,

and address the structural imbalance in the legislation relating to this side and that caused the events of a lot of Alarbakat of the most important deterioration performance in the implementation of projects and underdevelopment in the whole country.

    [millionday] LET ME SAY THIS

    millionday] THEY ARE TALKING ABOUT THE ENTIRE COUNTRY AND ALL PROJECTS WITHIN –

THERE ARE OUTSIDE PROJECTS OR JOBS BUT THE REBUILD OF THE COUNTRY IS THROUGH THE BUDGET THAT HAS BEEN HANDED OVER TO THE PARLIAMENT

AND SHOULD I REPEAT SHOULD BE ALONG SIDE OF THE PARLIAMENT VOTE FOR DOMESTIC CONTRACTS

-- THEY ARE WATCHING INTERNATIONAL COUNTRIES MAKE MONEY AND HAVE WORK AS THEY WAIT FOR PAYMENT THROUGH THE ECONOMIC REFORMS BUT

    [millionday] THE DOMESTIC CONTRACTS BEGIN WHEN THE FUNDING BEGINS WHEN THE BUDGET IS RELEASED AND ADMINISTRATION BEGINS ACTIVATION ---

    [millionday] SUCH A GREAT GREAT REPORT -- VERY EXCITING

    [highstarr] Comment. It seems reasonable to think that an international monetary exchange is even more important now, knowing that several countries are suiting up to help Iraq fight ISIS.

Several different currencies involved, so seems impossible to effectively function without an international exchange rate.

    [millionday] highstarr AND TO ADD TO THAT -- MOST ALL COUNTRIES HAVE NO MONEY LEFT –

IRAQ HAS TO MOVE FORWARD BECAUSE GIFTING A LOANING IS STRAPPED FOR LACK OF BETTER WORD

--- SO YES I AGREE -- THEY HAVE TO MOVE FORWARD AND BEGIN TO HONOR THEIR WORD AND THEIR CONTRACTS

    sudo1114] Md. Very exciting news!!!!

    [millionday] VERY GOOD POINT MY FRIEND  -- SMILE == I AGREE  --  BRB WITH MORE

    [millionday] AND LET ME SAY ONE THING

    millionday] YES I HAVE HEARD ALL OF THE RUMORS AND PREDICTIONS OF WHERE WE ARE -- LETS WAIT TO SEE WHAT ACTUALLY HAPPENS BUT GUESS WHAT

    [millionday] MY PHONE IS BLOWING UP AS YOU CAN IMAGINE -- WE HAVE NEVER BEEN IN THIS SPOT EVER -- SO HOPES ARE HIGH BUT LETS REMAIN CALM AND TRY TO WATCH THE INK  --  SMILE

    millionday] BRB WITH MORE   WHOOPOW   SMILE

    millionday] HERE WE GO  --  NOTE THIS IS FROM TOMORROW MORNING

    [millionday] Fatlawi demanded an international expert in the governance of the need to apply the management process and the development of a clear vision to meet the challenges facing the Iraqi economy in the future,

stressing that the country will remain in a difficult situation without the presence of these former minister Alraah.odaa d. Mehdi al-Hafez during an economic seminar attended by "morning" to the need to stand on the challenges facing the Iraqi economy in the future,

 pointing to the importance of restructuring the national economy and activating the role of the private sector and attention to human resources and community development as well as the need for attention to the housing sector and solve the acute crisis afflicting the country, let alone

    [millionday] NOTE =-- HUGE SEMINAR TOMORROW OUR TIME

    [nannyg] millionday ?? I know this is a dumb ? but, is the Monetary Reform / Monetary Policy include the RV is the currency? TY

    [millionday] nannyg THAT IS EXACTLY WHAT IT IS

    [millionday] about the deterioration of services and the need to improve them, pointing out that it is through the application of governance in Aladarh.obin Hafiz said the oil was and still is the main source of living of Iraqis,

noting that there are about 20 million people get their livelihood through the state budget,

taking into account the presence of more of 4 million government employees.

said Hafiz said the public sector has become dominant on the economic landscape of the country Banks Government acquires 90 percent of the deposits accompanied by depriving private banks Mnha.wachar

the need to mitigate the dominance of oil on the economy through the activation of other sectors in order to diversify the economy alternative such as agriculture and industry, which

    [millionday] fell Kthira.tgdr be noted that the Institute for the progress of the development policies stressed earlier in the need to find appropriate solutions to oust the Iraqi economy from the problems experienced by,

 and address the structural imbalance in the legislation relating to this side and that caused the events of a lot of Alarbakat of the most important deterioration performance in the implementation of projects and underdevelopment in the whole country.

    [millionday] SO THEY ARE SAYING HERE THEY NEED TO MOVE AHEAD WITH ALL ECONOMIC CHANGE ----- MONETARY -- POLICY -- BANKING -- ECT ECT

    [wilson6060] Who is Fatlawi please

    [OOTW] Rather which fatlawi is this?   The slc member?

    [millionday] Shokran Fatlawi-- VERY RESPECTED ECONOMIST IN IRAQ HELPING WITH THE ECONOMIC ADBACMENT AND THE PLAN OF SUCCESS

    [millionday] SO I HAVE TO SAY IT LOOKS LIKE THIS

    millionday] THE NEW TO BE PM IS READY FOR ALL MINISTERS AND IS ASKING ALL ACCEPTANCE AND HAS MET WITH KURDS -- ]

HE IS NOW STATING THAT ALL REFORMS INCLUDING ECONOMIC AND THE BUDGET AND ALL LAWS ON THE SHELF –

MEANING THE FEDERATION COUNCIL AND HCL AND THE ARTICLE 140 AND DISTRIBUTED AREAS –

THEY NEED TO HAVE MONEY TO FUND THEIR MILITARY AS WELL -- SO THIS IS MORE THAN POSITIVE

    [topgun] Any ink on Abadi and his COM being brought to the PARL. and approved by them? Tick Tock the Clock is moving forward.

    millionday] YES IT IS IN WED AND TONIGHT I BELIEVE SPELLED OUT -- HE IS READY

    [millionday] ALONG WITH BUDGET
millionday] SO LETS SEE WHAT HAPPENS AFTER OUR LONG WEEKEND -- AND I WILL AND WE WILL SEE YOU ALL AT 730 EST TOMORROW NIGHT -- LOVE TO YA

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2 comments:

Anonymous said...

I do not see the Iraqi dinar being revalued as long as ISIS is running all over the country. If the dinar did revalue, ISIS would increase the dinar they are holding, therefore, would give them more diversity in trying to take over the country.

Ajeocci said...

Has anyone considered that the release of the RV in the U.S. may coincide nicely with the planned "Bail-ins?" Wouldn't that be a hoot? You turn in your Dinars, they are converted to TRN's or USN's in bank accounts, and then, before you know it, surprise! A bail-in takes most or all of your money.