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Restored Republic via a GCR: Update as of Aug 20, 2018

Restored Republic via a GCR: Update as of Aug 20, 2018 Compiled 20 Aug. 12:07 am EST by Judy Byington, MSW, LCSW, ret. CEO, Child Abuse Re...

Saturday, June 27, 2015

Saturday Night News from Millionday for June 27

Millionday News 06/27/15

Millionday: NEWSTIME

Millionday: He confirmed an economist, that the bank issuing 50 thousand dinars category will make it easier to deal in the local market, noting that the issuance of this new category does not cause inflation in the market or reduce handle small currencies.

The expert said contrary goldsmith’s / scales News /, said that “the Central Bank of yore in the issuance of the 50th class thousand dinars for the purpose of facilitating interaction between citizens and reduce the money carried by his size, Instead of carrying a million dinars, which is equal to 40 sheets class 25 000 dinars, will carry 20 sheets category 50 000 dinars. ”

Millionday: NOTE -- HOW MANY YEARS HAVE I BEEN DOING THIS ?

Millionday: NOTE -- LOOK AT THIS >>>>> noting that the issuance of this new category does not cause inflation in the market or reduce handle small currencies.

Millionday: WHAT SMALL CURRENCIES?

Millionday: NOTE --READ EVERY WORD

Millionday: WHOOPOW

Millionday: Sayegh said that “the issuance of this new category does not cause inflation in the market or makes small coins disappear or reduce handled Cal 250 dinars and 500, but it is a measure to facilitate the cash dealings between citizens, and especially after the Bank delete the zeros to reduce the huge figures in the currency.

Millionday: NOTE -- SMALL COINS ?

Millionday: NOTE ---READ THIS >> and especially after the Bank delete the zeros to reduce the huge figures in the currency.

Millionday: BUT READ THIS AGAIN >> and especially after the Bank delete the zeros to reduce the huge figures in the currency.

angus: past tense?

Millionday: OK ?--- THE TITLE CAUSES THE ISSUE

Millionday: NO -- THIS IS SAYING THE 50,000 IS NOT GOING TO IMPACT >> and especially after the Bank delete the zeros to reduce the huge figures in the currency.
Millionday: OR THE SMALL COINS OR THE SMALL BILLS -- IN INK

Millionday: The Governor of the Central Bank announced on the Keywords, (June 20, 2015), for the issuance of 50 000 dinars a class of local currency the end of this year, and pointed to wait to issue the 100 class may be released at a different time to avoid any inflation.

angus: so is this stating that an RV before the release of the 50,000? and the 100 or lower get settled in?

Millionday: THIS IS SAYING THAT THE RELEASE OF THE 50,000 IS NOT GOING TO CHANGE THE SMALL BILLS OR COINS OR REMOVAL OF THREE ZEROS

Millionday: WHICH WE HAVE NOT SEEN YET

Millionday: WHOOPOW

billionaire: I keep referring back to the article that said the 50k note would be used as the 50 dinar note. IMO, this is the only way releasing a 50k would not cause inflation. (The removal of the zeros) The only thing I don't understand is why the song and dance? Just do it.

Millionday: THAT IS THE QUESTION ALL ALONG -- WHY THE SONG AND DANCE ? WITH THIS BROKEN DOWN -- IT IS NOT BAD NEWS -- IT IS GREAT NEWS

billionaire: I agree.


============================================

Millionday: Baghdad confirmed the Legal Committee in the House of Representatives ratified frankincense, Thursday, that the next legislative term will vote on important legislation, noting that it is possible to vote on some of them in the first sessions of the legislative term. He said chewing gum for "tomorrow's Press," The "House of Representatives has a lot of work ahead of them are very important laws in the coming period, but it is agreed so far and they need to deal political parliamentary blocs," noting that "there are fully ready laws technically need political Touch Up."

Millionday: but it is agreed so far and they need to deal political parliamentary blocs," noting that "there are fully ready laws technically need political Touch Up." He stressed that "there are laws it is possible to vote in the first session of the next legislative term, "adding that" one of the most important laws and put up for vote, the National Guard and the parties and the National Guard and amnesty, accountability and justice of the Federal Court Rules. " He said chewing gum "with the beginning of the sessions will begin blocs dialogues on laws."

Millionday: SO AS WE SEE HERE ALL LAWS OF IMPORTANCE WILL BE DEALT WITH THE FIRST OF THE SESSION --- HCL IS THERE ALREADY ACCORDING TO REPORTS

Millionday: NOTE -- HE PROBABLY WAS NOT CHEWING GUM ---LOL

1glen: Any idea when the next session starts

Millionday: FIRST OF JULY EVERY YEAR SO WOULD SAY 1 OR 2 ETC


Millionday: WILL LOOK IT UP


Millionday: THEY ADDED 30 DAYS SO THE SCHEDULE MAY NOT BE ACCURATE

Millionday: IT IS THE 1ST OF JULY


Millionday: I AM GOOD

1glen: Thanks

Millionday: LOL -- THANKS MY FRIEND

Millionday: FOR THOSE OF YOU THAT WERE AROUND WHEN THE PLAN HIT THE CBI SIGHT-- YOU KNOW WHY THIS IS AN EXCITING TIME
Millionday: PAGE 14-15---76--77

billionaire: Did they take the plan down? Did you save a copy of it? lol

Millionday: YES IN OLD PUTER

Millionday: IT WAS WRITTEN BY SHABIBI AND UPDATED AS IT WAS COMPLETED -- AND GRAPHS WERE TOO


Millionday: IT WAS 112 PAGES I BELIEVE


Millionday: I READ THEM ALL


Millionday: SMILE

===========================================

Millionday: Center Brief for the Iraqi Media Network (IMN) - national investment made it clear that the amendments made by the parliamentary committee on economic investment law would be the great protection for the investor, where required all government agencies and others in collaboration with a balanced way to ensure the right of both parties.

Millionday: WHOOPOW

Millionday: NOTE -- SO THE ?? OF WHAT HAPPENED IS CLEAR --

Millionday: The head of the Investment Authority Sami al-Araji's (IMN) "The amendments put on the investment law, fundamental and important, and if approved shall serve the investment," adding that "amendments are real suffering we found in the field of investment, and therefore they were introduced in the law to ease the suffering of investors and investment bodies in the provinces National Authority for Investment. "

Millionday: NOTE -- THIS IS FANTASTIC -- THEY AMMENDED THE INVESTMENT LAW FOR THE INCOMING INVESTORS -- AS I SAID -- TO ATTRACT INVESTORS

Millionday: Araji said that "there are many privileges in this Act, including investor protection and care of employees and requiring all government agencies to cooperate with it in a balanced way guarantee the rights of both sides."
The proposals and amendments approved by the parliamentary committees on investment law will be presented early next legislative term, to approve the legislation and approve the most important statement in the amendments, especially in the involvement of 75% of the Iraqi labor in investment projects.

Millionday: NOTE -- AND REQUIRING ALL GOV AGENCIES TO COOPERATE -- I LOVE IT

Millionday: NOTE -- THE NUMBER IS HIGHER THAN I REMEMBER THE INITIAL LABOR LAW -- 75%

Millionday: READ EVERY WORD >>And heavily influenced by investment market in the past two months, due to higher US dollar exchange rates against the Iraqi dinar, but does not remedy the central bank to put the country's real financial crisis.

Millionday: SO UNDERSTAND THAT THEY ARE TALKING ABOUT THE INVESTMENT LAW


=========================================

Millionday: An International Monetary Fund (IMF) mission led by Carlo Sdralevich visited Amman from May 27 – June 4, 2015 to discuss with the Iraqi authorities financial assistance to Iraq under the Rapid Financing Instrument (RFI). At the end of the visit, Mr. Sdralevich issued the following statement:
“The mission has reached a staff-level agreement with the Iraqi authorities for IMF emergency assistance of SDR 594.2 million (approximately US$833 million) under the RFI. Subject to IMF management approval, the staff-level agreement is expected to be submitted to the IMF Executive Board for consideration in July 2015.

Millionday: NOTE -- JULY 2015

Millionday: The Fund is ready to assist Iraq in its efforts to tackle the economic impact of the conflict with ISIS and the decline in global oil prices. The armed conflict continues to strain the country’s resources and has created a humanitarian tragedy, with an estimated 3 million internally displaced people. The violence has also caused extensive damage to infrastructure and private sector assets.

“Mainly because of the violence, the economy has contracted by 2.1 percent in 2014 and is projected to achieve only a modest recovery of 0.5 percent this year, despite solid growth in the oil sector. With low oil prices, export revenues have contracted, pushing the current account into a deficit expected to reach 8 percent of GDP in 2015. As a result, foreign assets have declined in 2014 to US$67 billion and are projected to fall further this year.

Millionday: NOTE -- OBVIOUSLY THE VIOLENCE HAS HAD HUGE HUMANITARIAN IMPACT -- BUT, THEY ARE ALSO WORKING ON THE INFRASTRUCTURE AND -----PRIVATE SECTOR ASSETS

Millionday: NOTE -- THIS IS THE IMF AGREEMENT THAT MANY THOUGHT WAS A PROBLEM AND WOULD HOLD UP IRAQ`S ECONOMIC REFORM -- THAT IS NOT THE GOAL AT ALL

Millionday: “Under the pressure of high conflict-related spending and weak oil revenues, the budget deficit is projected to rise from 5 percent of GDP last year to about 17 percent of GDP in 2015, despite the non-oil tax measures envisaged in the 2015 budget and strict control of expenditures, including through the prioritization of investment projects.
“We welcome the steps taken by the authorities to address these urgent challenges and support their request for IMF emergency assistance.

“The mission met with Minister of Finance Hoshyar Zebari, Acting Governor of the Central Bank (CBI) of Iraq Ali Allaq and officials from the ministries of finance, planning, oil, the CBI, and representatives from state-owned banks.

“The mission would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.

Millionday: SO THEY WELCOME THE REQUEST FOR IMF EMERGENCY ASSISTANCE -- HOWEVER HAVE ASKED FOR A FORMAL STATEMENT OF HOW IT WILL BE USED --

Millionday: NOTE -- DOES NOT SOUND LIKE THEY SEE NO PROGRESS TO ME --

billionaire: Seems to me they would use the money to bring their citizens back home.

Millionday: THEY HAVE RELEASED MANY STATEMENTS OF THAT ASSISTANCE AND I AM PLEASED TO ANNOUNCE WE REPORTED 1000 THAT HAD RETURNED IN ONE DAY THIS PAST WEEK -- AMEN

Millionday: LET ME SAY THIS HOWEVER

Millionday: THIS IS A MUCH LARGER ISSUE THAN MOST KNOW -- ECONOMICALLY

Millionday: THERE ARE SO MANY DISPLACED IN KURDISTAN THAT IT HAS PUT A HUGE IMPACT ON THE ECONOMY -- HOWEVER THEY ARE BUILDING HUGE HUGE HOUSING FACILITIES --

Millionday: THE LAST MEETING HAS RESOLVED SOME OF THE IMPACT AND THEY HAVE MADE PLANS TO RESOLVE IN MANY WAYS AND HAVE MADE AGREEMENTS WITH MANY AGREEMENTS

bashley4: You were going to show me the ink on the in country rv. The 50,000 and 100,000 dinar introduction can only mean a LOP.

Millionday: Baghdad, described the economic and investment commission in Parliament, on Wednesday, some government figures, which manages economic institutions as "inefficient", calling on the government to "change those figures for the advancement of the Iraqi economy." said Deputy Chairman of the Committee of Economy and Investment, Harith al-Harthy for "tomorrow Press ", that" most of the officials who run the ministries and economic institutions do not have the experience in the management and do not have any scientific competencies,

Millionday: NOTE -- AS I WAS SAYING -- NOT ONLY CBI BUT FINANCIAL OFFICIALS ARE INEFFICIENT--INCOMPETENCIES

Millionday: "adding that" the country is facing economic crises did not have radical solutions by the competent institutions. " He called on Prime Minister Haider al-Abadi to "a mechanism to change radically in government institutions, which includes people incompetent in the economic file management mode", noting that "many officials in the federal government were to change their positions from one place to another, but the problem is not addressed in a real and remained economy late." He explained that "The economic sector has become just conferences did not get 1% of the support," pointing out that "Iraq needs economic policy clearly defined to improve the situation of the country's economy fully."

Millionday: SO -- THE REQUEST IS TO THROW THEM ALL OUT AND GET SOME IN THERE WITH SOME ECONOMIC DRIVE --


Millionday: BUT THEY DONT SEEM TO BE AS MOTIVATED AS THEY SHOULD BE


Millionday: HOLD THE PAY CHECK -- YOU FIND MOTIVATION

Millionday: REALLY LOVE THAT REPORT


Millionday: OH AND WHOOPOW

==========================================

Millionday: THIS IS ABOUT THE 50,000 NOTES

Millionday: AKnews reports that the Iraqi Central Bank (ICB) has confirmed it will issue a new bill with a value of 50,000 IQD ($43) but marked as 50 dinars.
Deputy chairman of the ICB Dr Muzher Saleh said the bank is working to issue this new money in addition to coins in both Arabic and Kurdish in an effort to address the liquidity problem in Iraq.

Millionday: NOTE -- BUT MARKED AS 50 DINAR ---- IN COUNTRY -- NO OTHER COUNTRY USES IRAQI DINARS

Millionday: The largest currency in the country is now 25,000 Iraqi dinars (pictured) and its purchasing power is about $23.
The new currency will include symbols that reflect the diversity of Iraq’s sects and cultures including the Kurdish culture. “Iraq needs to support its economy and its currency through the issuance of a currency similar to foreign ones like the $100 bill,” Saleh added.

Millionday: The main tasks of the ICB are to maintain price stability, implement monetary policy, manage reserves of foreign currency, issue and manage the currency and regulate the banking sector.

CanTWaitwoRV Millionday: that takes us back to a 1 to 1 conversation all over again "give or take" does it not?
CanTWaitwoRV Millionday: 50 dinar 43 usd

Millionday: IT COULD BE TALKED ABOUT ALL DAY --

Millionday: CANT -- WE DONT KNOW THE RATE BUT THAT IS INTERESTING SMILE

bashley4: thanks So you are saying that the deletion of the will come of the nominal value and not the currency

Millionday: BSHLEY -- I AM SAYING THE COUNTRY OF IRAQ IS ALSO REDENOMINATING AS WELL ACCORDING TO REPORTS

Millionday: INTERNATIONAL EQUATION DETERMINES THEIR VALUE AND ALL VALUES

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