BACKDOC: OHH MY THUNDER! MORE SUPPORT FOR OUR THEORY OF A COMPATIBLE RATE WITH IRAN! WE KNOW OF THEIR SIGNIFICANT GOLD HOLDINGS, EXTENSIVE FARMING, REFINED OIL PRODUCTS, AND NOW SIGNIFICANT RESERVES! WOW!
$100 Billion in Iranian Assets Unfrozen in Nuclear Deal
Western Companies Scramble to Win Huge New Contracts
According to Iranian officials, the international community’s unfreezing of assets under the P5+1 nuclear deal has given the nation back access to over $100 billion, much of it cash that’s been stuck in banks across Asia, which during the sanctions Iran was unable to touch.
A lot of it’s going to get touched soon, as the end of those sanctions also allows Iran to modernize its economic infrastructure, setting the stage for multi-billion dollar deals to revamp their civilian airliners, their oil production industry, and much more.
That’s got a lot of major Western companies scrambling to be first in line to bid on these huge new jobs, which have turned Iran from an economic pariah into one of the most sought after, and most cash rich, clients int he world.
Iranian officials indicated that a portion of the money is going to be brought back to Iranian banks, now connected to the international SWIFT system, to shore up the nation’s currency reserves, which should spell an end to Iran’s long-standing inflation woes. Much of it, however, is going to stay in the big international banks for now, for convenience of spending it.
http://news.antiwar.com/2016/02/01/100- ... lear-deal/
BACKDOC: CLICKITY CLACK CLICKITY CLACK! OK JACK! WE WANT TO MAKE MONEY BUT CAN YOU PAY ME IN RIAL OR YUAN?
HEE HEE OH SORRY DOLLAR YOUR LOOKING SKINNIER EVERY DAY NOW!
MMMMM BETTER GO HOME AND GET YOUR BIG BROTHER WHO IS ASSET BACKED, NOW HE WILL BE A FORCE TO BE RECKONED WITH! DOC IMO
Thunderhawk: Can anyone say silk train!!!
New container train service on China-Iran route via Kazakhstan launched
ASTANA. KAZINFORM A new container train service on China-Iran route via Kazakhstan was launched on the 1st of February. The 9,000 km long route runs from the city of Yiwu (Zhejiang Province, East China) to Alashankou - Dostyk border crossing, to the new lines of Kazakhstan (Zhezkazgan - Beineu and Uzen - Bolashak st) and via Turkmenistan railway network to Iran in Tehran.
The event was attended by the Mayor of Yiwu city, Mr. Chiu Shen Ping, China Railway Container Transport Group, Kazakhstan Railways, the international transport and logistics holding TransInvest Group and others.
The railway companies of China, Kazakhstan, Turkmenistan and Iran have collaborated in order identify the logistics solutions needed to speed up the delivery of cargo from East China to the Persian Gulf markets.
The train is formed of 40-foot containers with different types of cargo. With 10 days transit time, rail is much faster than the sea transport which takes between 25 to 3o days.
BACKDOC: OH THANKS A MILLION GUYS FOR TURNING THE POWER ON AGAIN!
WE THOUGHT YOU WOULD NEVER COME TO OUR RECSUE!
WE SHOULD BE READY TO BEGIN TO DO A RE-ENTERY INTO THE WORLD STARTING AROUND THE 8TH BECAUSE WE HAVE TO WAIT FOR OUR TRADING PARTNER IRAQ!
OHH AND BY THE WAY IT WILL TAKE LESS THAN A MONTH! MMMMM
GEEE, I THINK THAT BEGINS ON THE CHINESE NEW YEAR, AND ENDS ON PRESIDENTS DAY WEEKEND IN THE STATES! MMMMM
I HOPE YOUR RIGHT IRAN! 8@8,DOC IMO
Thunderhawk: SWIFT return to international bank transfers for Iran’s banks
With the nuclear deal that led to the lifting of international sanctions, Iran suddenly has access to around 100 billion euros of its assets that were frozen in countries around the world.
And as of this week it is back in the global banking business, able to use the worldwide transaction networkSWIFT, the Belgian based cooperative which handles cash transfers and letters of credit between financial institutions.
Mohsen Jalalpour, the head of Iran’s Chamber of Commerce, Industries, Mines and Agriculture, said: “Banks can now access SWIFT. We should note that our banks were subject to banking sanctions and needed to prepare the necessary infrastructure and they managed to do that by today.”
Re-engaging with the banking world through the Swift system is vital for Iran’s trade, particularly of crude oil.
A government spokesman said some of that 100 billion euros in formerly frozen assets will be brought back to Iran while the rest will used to purchase goods to be imported.
While international banks are expected to link up with their Iranian counterparts via SWIFT, Iran will also be looking to encourage foreign institutions to expand involvement in the country’s financial system.
However, foreign banks considering establishing a subsidiary in Iran will in most cases require a partnership with a local entity unless they set up in one of a handful of free zones, said Nicholas Gilani, senior partner at Arjan Capital, a consultancy advising on Iran business.
And for many foreign banks, there are concerns about being caught up in ongoing US sanctions.
Many international sanctions relating to Iran’s nuclear program were lifted but most involving U.S. measures remain in place. Non-US banks may trade with Iran without fear of punishment in the United States but U.S. banks may not do so, directly or indirectly.
Washington’s sanctions prevent U.S. nationals, banks and insurers from trading with Iran and also prohibit any trades with Iran in U.S. dollars from being processed via the U.S. financial system. This is a significant complication given the dollar’s role as the world’s main business currency.
European banks are also cautious – with some, including Deutsche Bank, remembering past fines from US regulators for breaking sanctions, though Commerzbank has said it is reviewing its policy of not doing business in Iran.
An Iranian central bank official said banks from European countries including Germany, France, Britain and Italy, had been in talks to open branches after the lifting of sanctions.
“God willing, soon we will witness that too. Iran is a very attractive market for business and they know that,” the official said.
Last month’s nuclear deal with world powers brought about the lifting of international sanctions after the United Nations verified that Iran had curbed its nuclear activities.
http://www.euronews.com/2016/02/01/swif ... n-s-banks/
BACKDOC: WELL, WELL, THUNDER COULD ALL THE DRAMA BETWEEN IRAN AND IRAQ BE JUST A SMOKE SCREEN TO HIDE THE REAL MOVES THAT TRADING PARTNERS HAVE TO DO? MMMMM
WITH THE DOLLAR BEING REPLACED BY BIS NOTES IN THE FUTURE, WHAT FUTURE DOES SAUDI ARABIA HAVE MAINTAINING A PEG OF A SQUARE IN A ROUND HOLE?
DOES IT MAKE SENSE THAT S.A. STAYS AROUND .28 TO .32 CENTS WHEN IRAN IRAQ AND KUWAIT HAVE MASSIVE PURCHASING POWER? AHHH NOOO
OBVIOUSLY WITH GOOD REASON THEY CAN'T SHOW THEIR HAND EARLY, IT HAS TO BE THE ELEMENT OF SURPRISE!
HALTING THEIR CURRENCY SEEMS LIKE A VERY DEFENSIVE MOVE TO PROTECT THE NOTE COUNT! WHY WOULD THEY CARE UNLESS THEY INTEND TO HAVE A COMPATIBLE CURRENCY WITH ITS TRADING PARTNERS!
SEEMS LIKE A NEIGHBORLY WAY OF TURNING OFF THE WAR MACHINE AS WELL!
Steinmeier wants to mediate between Iran and Saudi Arabia
Berlin (dpa) - German Foreign Minister Frank-Walter Steinmeier wants to work in travel to Iran and Saudi Arabia for a resumption of relations between the two countries.
In addition, the travel of flanking the Geneva negotiations on a solution to the Syria conflict to serve. Steinmeier travels to the conference on the fight against the terrorist organization Islamic State in Rome to Tehran.There meeting with Iranian Foreign Minister Mohammad Javad Zarif and President Hassan Rouhani are planned.
https://translate.google.com/translate? ... rev=search
BACKDOC: WITH AN ALREADY THRIVING ECONOMY AND ONE SOON TO EXPLODE, ITS NO WONDER VND WILL BENEFIT FROM THE TPP AND THE SILK ROAD!
GROWTH WILL BE COMING FROM EVERY ROAD! HEE HEE DOC IMO
Thunderhawk: Big Manufacturer Waves Enter Vietnam
Facing difficulties in manufacture and consumption, some big car manufacturers in Thailand and Indonesia are planning to find new market in ASEAN. Moreover, recently, LG Electronics- the world’s second largest television manufacturer also intends to move from Thailand to Vietnam.
According to Federal Thailand Industry –FTI’s figures, In 2014, 881,800 cars were sold in Thailand, decreasing 34% compared to 2013. That is the second year in two consecutive years the market is in recession.
It was a strong effect to decrease the quantity of output produced in last year : 1,88 million cars (included quantity exported). In Indonesia, quantity sold also lightly decreased which caused reduction of the quantity produced from 1.4 million cars down to 1.3 million cars.
Except for the problem of production, Thailand investors are facing other difficulties, political depression has effected manufacture and trade,and highcosts of labor haverisen the price up. Besides, Thailand’s manufacturing capacity is full, if we want to increase it, we have to invest more. All difficulties above force cars manufacturers to seek for new producing places.
In ASEAN, there are two places which investors are considering to: Philippines and Vietnam. These are two populous countries have enormous potentiality. Hence, the investors still want to invest money in these two countries.
Many people think that this is a facile opportunity for Vietnamto intensively attract new investors, develop cars industry, accommodate domestic demand and export. In Vietnam, monthly figures on consumption which enterprises declared indicated that the growth still has not had signs of slowing down.
ReadMore: http://antconsult.blogspot.com/2016/02/ ... etnam.html
Thanks DOC and PAPPA - IT'S AN HONOR Blessings Always