BACKDOC: ESSENTIALLY ITS UP FOR GRABS RIGHT NOW!
PEOPLE HAVE HAD IT WORLD WIDE! WE ARE SEEING CANDIDATES WORLD WIDE IN IRAN, IRAQ, THE U.S., IRELAND, SPAIN, AND OTHERS HEADED TO AN ANTI ESTABLISHMENT CANDIDATE! ITS NO WONDER WE SEE NO LEADERSHIP.
IF THE BRITS BREXIT WE MAY SEE AN ACCIDENT ON PURPOSE! DOC IMO
Thunderhawk: Bacdoc Alert
Britain's campaign to leave EU takes 4 percent point lead: ORB poll
The campaign to take Britain out of the European Union in a June 23 referendum has taken a 4 percentage-point lead, according to an online survey taken by the ORB pollster for The Independent newspaper published on Friday.
The poll, carried out on Feb. 24-25, showed support for the "out" campaign had risen to 52 percent from 48 percent a month ago, while support for the "in" campaign had fallen to 48 percent from 52 percent a month ago.
"Since last month we have seen a shift in opinion towards Brexit," Johnny Heald, managing director of ORB International, said in an email.
London Mayor Boris Johnson defied Prime Minister David Cameron last weekend and said he would campaign to leave the EU, but 60 percent of respondents in the ORB poll said Johnson's decision made them no more likely to vote to ditch membership.
Twenty-six percent said Johnson's decision made them more likely to vote to leave. Half agreed that the economy was a bigger issue than immigration when it came to deciding how to vote on EU membership while 37 percent disagreed.
ORB polled a nationally representative sample of 2,014 adults across England, Scotland and Wales online.
Britain's sterling currency fell to a seven year-low against the U.S. dollar on Friday, hurt by concerns about the country's possible exit from the EU as well as contrasting outlooks for economic growth in Britain and the United States. [GBP/]
http://www.reuters.com/article/us-brita ... SKCN0VZ2RS
Mountainman: Well WHERE there's A "WILL"....there's A "WAY".......But in US $$$$$$$$.....(NO WAY JOSE).......EURO/Other CURRENCIES....Hmmm.......I Think It's About "TIME" to take a (TIMELY) TRIP.......to A "WEDDING MARCH"......??? WHAT SAY YOU DOC ???.........IMO......(8)
BACKDOC: WELL OBVIOUSLY WE HAVE PASSED IMPLEMENTATION DAY BUT DON'T TELL THAT TO IRAQ BECAUSE THEY ARE WORKING ON GETTING A HAMBURGER FOR WIMPY TODAY, SO THEY CAN GLADLY PAY FOR IT ON TUESDAY, WEDNESDAY, OR THURSDAY! HEE HEE
DON'T FORGET IRAN SAID THE TWO SHIA BROTHERS WOULD GO TOGETHER! LOL DOC IMO
Thunderhawk: BREAKING NEWS!!!
Iran seeks alternatives to dollar for transactions as bank hurdles still persist
The' Implementation Day' for the Joint Comprehensive Plan Of Action (JCPOA) was declared on Jan. 16. More than a month has passed and the circumstances around the removal of the sanctions still remain murky.
Iran loaded its first cargo of oil to Europe since 2012 this month onto a tanker chartered by French TOTAL SA.
Most of the Western banks are shying away from doing business with Iran fearing it might endanger their commerce with the US. Greek refiner Hellenic struggled to find banks for payments, a sign that the Islamic Republic is still having difficulty regaining markets since the removal of sanctions.
Hellenic owes NIOC $800m for past deliveries of crude, reported Shana. Hellenic agreed last month to resume purchases immediately and start paying debt arrears.
Banks are being 'super cautious because they do want to have access to the US markets and the US rules as to what they can do aren't particularly clear,' said Ross Denton, a partner at Baker & McKenzie LLP specializing in sanction.
As a result, for the time being the Islamic Republic has adopted some counter measures for ensuring its return to the international markets.
Iran has extensive experience in barter trade, as a way of performing commerce without the use of the US dollar. One example is NIOC is offering to swap exports of crude cargoes for imports of refined fuel.
Barter deals avoid the need to access bank finance. NIOC is asking for at least partial cash payment for most refined-product trades and accepting transactions in Euros and other currencies. It is offering products such as fuel oil in exchange for imports of gasoline and is also willing to swap crude for fuel.
National Iranian Tanker Company (NITC), which operates the world's biggest fleet of supertankers, can offer its ships for charter on the international market again, commercial director Nasrollah Sardashti said in an interview on the sidelines of the Marine Money conference in Hamburg.
However, such business transactions are still waiting to take off.
The silver lining is the news of the first Iranian container ship transporting petrochemicals, following years of brutal sanctions, has started its journey towards the European ports in the past days and it is expected to dock at two European ports in the following days, Islamic Republic of Iran Shipping Lines (IRISL) head Mohammad Saidi told reporters on the sidelines of an Iran-Singapore trade conference at the IRISL head office on Sunday.
'Fortunately, following the removal of sanctions and the implementation of the JCPOA in the past five months, the IRSL has managed to take appropriate measures to reestablish shipping lines with Europe,' he said.
Another way to enter the markets is for Iran to trade in currencies other than the US Greenback. In fact NIOC has said that it prefers to receive its oil payments and debt repayments in euros, an official at NIOC was quoted as saying by IRNA.
The restart of Bank of Tokyo-Mitsubishi's ( BTMU) Iran oil transactions would give Japanese refiners the option to pay in the Japanese yen or euros, depending on the preferences of refiners or NIOC, announced Trend News Agency early Feb.
BTMU handled most of Japan's payments for Iranian oil prior to the mid-2012 sanctions.
Japan's crude imports from Iran plummeted to an average of 170,360 b/d in 2015, compared with an average of 313,480 b/d in 2011.
Meanwhile, Pakistan central bank cleared commercial banks and financial institutions for business with Iran last week, reports Reuters.
Trade between Pakistan and Iran fell to $431.76 million in 2010-11 from $1.32 billion in 2008-09, according to the Trade Development Authority of Pakistan.
But tightening of sanctions on Iran made smuggling, particularly of petroleum products, extremely lucrative.
Major Pak exports to Iran include Basmati rice, plastics, paper and oranges, and the big imports include lPG, petroleum products, electric transformers and dry fruits.
The bottom line: more than a month has passed since the 'Implementation Day' yet sanctions still persist and the situation for many Western companies remain cloudy. On the one hand they want to do business with Iran and on the other they are scared of wrath it might bring to them from US.
One more concern that cannot be ignored or forgotten. Many of these Western businessmen coming for business to Iran will require a visa to enter US to do their business due to the new visa waiver law.
So as one might think that the West has opened door for Iran, in reality most doors remain closed today and the Islamic Republic still has to find alternative way to do business with the external world.
BACKDOC: LIKE I SAID WE ARE SEEING REGIME CHANGE WORLD WIDE! WE ARE EVEN SEEING CHINA PUTTING THE CLAMPS ON NORTH KOREA! WOW! LETS MAKE MONEY BOYS! DOC
Thunderhawk: Pappa J Alert
Iran election: Reformists win all 30 Tehran seats
Allies of Iran's reformist President Hassan Rouhani have won a landslide victory in Tehran, in the first parliamentary vote since Iran signed a nuclear deal with world powers.
With 90% of the votes counted, the pro-Rouhani List of Hope is set to take all 30 parliamentary seats in the capital.
The leading conservative candidate Gholamali Haddad-Adel is in 31st place.
Millions voted on Friday to elect the 290-seat parliament as well as members of the Assembly of Experts.
The 88-member assembly appoints Iran's Supreme Leader and might end up choosing a successor to Ayatollah Khamenei, who is 76 and has suffered ill-health.
Iran elections: Five things to know
Elections highlight divisions
Punchy politics on social media
Early results gave former President Akbar Hashemi Rafsanjani, a moderate conservative, and Mr Rouhani the most votes for the assembly, which is composed of mostly elder and senior clerics.
Analysis: Lyse Doucet, BBC News international correspondent
This stunning election result will make a difference in Iran's engagement with the wider world.
Read More at : http://www.bbc.com/news/world-middle-east-35681250
Mountainman: IRAQ TOO???......In the (NEAR FUTURE).......Well I'm Taken....." BACK TO THE FUTURE"......because I SEE "WHAT" (THEY) SEE....You SEE???....IMO
(8) STRAIGHT................HOLD EM...........
BACKDOC: WELL THUNDER, I GUESS IF IRAQ CAN RETRO THEIR BUDGET TO JANUARY, CHINA CHANGES THEIR PEG TO THE DOLLAR SOME, I GUESS IRAN CAN ADJUST THEIR IMPLEMENTATION DAY TOO! HEE HEE
THEIR NEW YEAR IS OBVIOUSLY ON MARCH 20TH! WHAT'S THE DEAL WITH ALL THESE NEW YEARS, HECK! LET'S SELL SOME BONDS AND IMPLEMENT ALREADY! CAN WE? HEE HEE DOC IMO
Thunderhawk: NOW WE'RE TALKING - YEAH BUDDY !!!!
Iran trade delegations to visit Pakistan, Iraq, Austria
Trade delegations will travel to Pakistan, Iraq and Austria in near future, head of Chamber of Commerce, Industries, Mines and Agriculture announced.
Mohsen Jalalpour said the travels will take place in early months of new Iranian calendar year that will start on March 20.
Jalalpour, who was accompanying President Hassan Rouhani during his Italian and French visits, said the successful experiences gained during those visits have raised expectations.
After announcement of 'Implementation Day' of the July deal known as the Joint Comprehensive Plan Of Action (JCPOA) and removal of anti-Iran sanctions in January, foreign diplomats and firms as well as top officials from different world countries started flying to Iran to use considerable trade opportunities here by expanding relations with the Iranian side.
BACKDOC: WOW! IT SURE LOOKS LIKE IRAN HAS REALLY SUCKED UP TO THE SWISS! SMART BUSINESS MOVE! DOC IMO
Mountainman: ..........HEY SWISS.....Isn't that "WHERE".....The BIS is Located ???........??? Is It (HARD) to STRADDLE "BOTH" Sides Of the FENCE....???......That's RIGHT.....You Guys are "PROS"......FORGET the (CONS)!!!!!!!!(8).......I get It.....NOW......IMO
Thunderhawk: Iran, Switzerland sign MoU on shipping, sea transport cooperation
The Islamic Republic of Iran and Switzerland signed on Sunday a memorandum of understanding (MoU) on expansion of shipping and sea transport cooperation.
The MoU was singed between the representatives of shipping companies from Iran and Switzerland.
The two sides exchanged views on expansion of cooperation on transport, construction of Express train, renovation of road transport, and carrying development plans on infrastructure and rebuilding the ports.
The MoU was signed between Iran Ports and Maritime Organization (IPMO) and Swiss MSC shipping lines as the second biggest shipbuilding company.
The MoU gives green light to Swiss shipping companies to come to Iran for joint venture cooperation after implementation of the Joint Comprehensive Plan of Action.
MSC is one of the biggest shipping companies in the world with 14.9 percent share of the global market in marine transport and have terminals in some 55 ports round the globe.
MSC is the owner of chained cruise (recreation) ships in the world.
The MoU authorizes the MSC of Switzerland to broaden scope of cooperation in the Iranian ports of Bandar Abbas, Chabahar and Imam.
Officials of the Swiss shipping lines voiced readiness for joint venture investments in the Iranian shipping and marine industry.
BACKDOC: IT SEEMS IRAN IS RACING AROUND THE GLOBE TO SECURE BUSINESS!
IT MAKES TOTAL SENSE THAT THEY WOULD DO THIS BANKING ARRANGEMENT ESPECIALLY IF THEY MIGHT GET PAID IN YEN OR EVEN WON AS AN ALTERNATIVE TO EUROS! DOC
Mountainman: HEY IRAN/EUROPE/S.KOREA.......(MOVE) that >>>..."DEBT".....HANG ON to those NEW DEALS.......I Here That for THE CENTRAL BANKS>>>>It's GOLDEN!!!!!!!!........IMO......TIMES ARE A CHANGIN......CHA CHING$$$$$$$$
Thunderhawk: Iran, South Korea sign €5bn MoU
Iran and South Korea signed a €5 billion memorandum of understanding on Sunday for the East Asian nation's investment in the Iranian projects.
The document was signed during a meeting in Tehran between Iran's Minister of Economy Ali Tayyebnia and South Korean Minister of Trade, Industries and Energy Joo Hwang-wan.
The agreement aims to deepen cooperation between the two countries so that South Korean banks and other financial organizations can finance infrastructural, constructional and production projects in Iran.
BACKDOC: ARE THE POLICY MAKERS ALREADY GETTING CHINA TO ACT ON THEIR REFORMS AHEAD OF A MAJOR ADJUSTMENT? MMMM
EAST TO WEST! WE SEARCH FOR A GLOBAL REALITY VALUE! DOC IMO
Mountainman: I SEE A (THEME)......KEEP A ("PACE")......Because "NOBODY" Runs A MARATHON in 30 MINUTES OR LESS.....Hey WORLD this Isn't DOMINOES PIZZA....Ok ......So In the (MEANTIME) Of The "GLOBAL TRANSITION".....We have to Do WHAT we HAVE to DO.....Until The "DELIVERY" Comes....OK.....Got It......(HANG TOUGH).......Were ALMOST There!!!!!!!........IMO........(8)
Thunderhawk: China to Boost Growth With Flexible Approach to Stimuli, Reform
Chinese authorities vowed to stabilize the renminbi FX rate and only attempt a gradual increase in monetary stimulus in a decision which was cheered on by the markets; however, as the progress of structural reform remains rather slow and the details about possible fiscal stimulus details remain undisclosed, the Chinese situation remains murky.
Mainland China's monetary authorities reassured investors during the ongoing G20 finance ministers' meeting in Shanghai that they'd ruled out any sudden devaluations of the renminbi, and reaffirmed their commitment to structural reform, promising that further monetary stimulus measures would be ‘balanced'.
Beijing's change of stance on its economic policies reflects China's reluctance to mire itself deeper in the war of currency devaluations, as either option within such a scenario harms the nation's economic prospects. Renminbi devaluations hit Chinese stocks and exacerbate capital flight from the largely disinvested economy, while burning FX reserves in order to support the status quo is not a proper longer-term strategy. Consequently, as China's policymakers put an emphasis on the reform agenda and their balanced approach, market volatility is likely to subside in the wake of the G20 summit.
Read More at http://29ru.net/pu/various/46611317/
BACKDOC: WITH SO MUCH DATA COMING OUT THIS WEEK ON ECONOMIES WE MAY SEE MORE OF THESE GLOOM AND DOOM ARTICLES!
FACTS ARE FACTS REGARDLESS OF WHETHER THE FED WANTS TO HIDE FROM THEM OR NOT!
YOU SEE WE HAVE A BRAIN BECAUSE WE'VE BEEN ON THE YELLOW BRICK ROAD FOR AWHILE NOW AND WE AREN'T FOOLED LIKE THE SCARECROW!
WE ALSO DEVELOPED A HEART AND WE ARE READY TO USE IT! THE WORSE THINGS GET THE GREATER THE PRESSURE THEIR IS ON THE POLICY MAKERS TO LET THE MONETARY REFORM GO! HEE HEE
REMEMBER I SAID WHEN THINGS ARE THE WORST THEY ARE THE BEST!
ONCE WE SEE THESE CURRENCIES LAUNCH THE FATE OF THE EURO AND OR THE DOLLAR WILL PLAY OUT!
SAUDI ARABIA IS A WILD CARD FOR THE DOLLAR THATS FOR SURE! CRAZY THERE IS NO NEWS ON THEIR CURRENCY!
IT'S BEING KEPT QUIET! DOC
Thunderhawk: Corporations Brace for Recession: 81% Chance of US Econ. Downturn in 2016
The recent surge of anti-corporate sentiment trending across America is likely to play a nasty joke on the US economy; as growth stalls amid threats of a full-blown recession, shrinking corporate profits won't allow American businesses to muster a recovery within the existing environment of excessive governmental involvement and regulation.
After two consecutive quarters of declines in US corporate earnings due to the dollar's strength slashing overseas profits, and the government's excessive involvement in the domestic economy undermining market competition, the broader economy is heading for a recession which may happen as soon as later this year. Capital wipeouts on Wall Street and the ongoing oil bust support the gloomy outlook, while declining prices keep inflation subtle, holding back consumer spending, one of the US economy's key drivers. Unless the US corporate sector is able to recover through tax cuts and a quick re-prioritization favoring the domestic market, the overall economic perspective is likely to deteriorate.
Two or more consecutive quarters of declines in corporate earnings in the US preceded periods of economic contraction, or recession, 81% of the time over the past 115 years, according to latest estimates by JPMorgan Chase. Moreover, in the remaining 19% instances, recessions were narrowly avoided via the implementation of either looser monetary conditions or fiscal stimulus, i.e. tax cuts and increased governmental capital investment. The latter does not mean, however, that already-high US budget expenditures will save the day. Through fiscal stimulus, the government provides investment money to the real economy; this is not exactly social spending and it is driving the US budget deficit.
Read more at : http://www.follownews.com/corporations- ... -2016-v35n
BACKDOC: SILENT? OH YA!
GOLD IS THE REAL ASSET THE CENTRAL BANKS FEAR THE MOST WHICH IS WHY IT WILL BE CONTROLLED!
WHEN THE NEW ASSET BACKED CURRENCIES COME ON THE SCENE GOLD SHOULD FIND ITS PLACE, WHICH IS LOWER COMPARED TO THE NEW CURRENCIES!
GOLD BUGS ALWAYS THINK GOLD IS GOING TO BREAK OUT INTO THESE RIDICULOUS VALUES! IF YOU EVER SEE THAT YOU ARE NOT GOING TO SEE THE GLOBAL FINANCIAL CONTROL YOU SEE NOW!
WILL IT GO UP AGAINST FIAT? PROBABLY SINCE WE FEEL IT WILL BE IN A DOWNWARD TREND ONCE THE REAL CURRENCIES COME ON THE SCENE!
LETS GO DIGITAL, DIGITAL,I WANNA GO DIGITAL!..........DOC IMO
Mountainman: To "GET" the (EDGE)......One "MUST"......(HEDGE)......Plus Don't Forget BRICS......and THE NEW SILK ROAD/GOLDEN TRIANGLE.......$$$$$$$$...
.....(TO TRUST) or "NOT TO TRUST"......USA......The "MONETARY OLYMPICS".....(CONTINUE)!!!!!!!....Go For the "GOLD"!!!!!!!!
Thunderhawk: Against the Dollar? What Russia’s Increase of Bullion Reserves Could Mean
Russia seems to be launching a silent attack on the supremacy of the dollar and the Western countries, as President Putin is buying gold with “little fanfare, but on a large scale”; as there is no evident economic reason for such an increase, the move will provide Russia with an insurance against crises, according to German media.
“It is a silent attack on the supremacy of the dollar,” states German newspaper Die Welt, referring to Russia’s recent increased resupply of its gold reserves.
The outlet notes that “it is a declaration of independence, proclaimed in secret.”
“Russian President Vladimir Putin is buying gold at the moment — with little fanfare, but on a large scale,” it says, noting that in January alone Russia’s gold reserves increased by 20 metric tons.
Russia’s stock now stands at more than 1,300 tons, it adds (according to statistics portal Statista, as of February 2016, it is already almost 1,400 tons — 1,392,9).
“While politicians fear a new Cold War between Moscow and the West, it has already begun in the financial sector,” the newspaper further states.
It also explains that there are no evident economic reasons for such an increase, therefore it might be also an attack on the supremacy of the reserve currencies of America and Europe.
“One who buys gold reduces the dominance of the Western currencies,” the newspaper states.
Since 2005, Russia’s gold reserves have nearly quadrupled, it says, adding that in the last twelve months they had grown by more than 200 tons.
Ian Bremmer, an American political scientist specializing in US foreign policy and the president of Eurasia Group, a political risk research and consulting firm told the newspaper that money is often used as a financial weapon and in fact, Washington has used the dollar in the past to put pressure on Russia.
Therefore the Russian head of state apparently wants to avoid such dependency in the future by using bullion reserves to insure against crises.
The metal is recognized and is sought after worldwide, and its stockpile can’t be increased artificially.
The newspaper also notes that there is only one country that is buying gold even more actively, and that is China.
Its reserves now total nearly 1,600 tons (according to Statista — 1,762,3) – it ranks fifth globally, after the US, Germany, Italy and France. Russia comes sixth.
Apparently, China also hopes to get rid of the dominance of Western reserve currencies.
http://www.follownews.com/against-the-d ... erves-v2gy
BACKDOC: I THINK ITS VERY INTERESTING THAT COUNTRIES LIKE RUSSIA AND VIETNAM ARE PRIVATIZING THEIR BUSINESS ARENA AS WELL!
COOL! NO WONDER WHY THE U.S. WANTS TO PREVENT COMPANIES FROM INVESTING IN THEIR BONDS BECAUSE INVESTMENT IN THESE INSTRUMENTS WILL BE VERY PROFITABLE SINCE THE GOLDEN TRIANGLE WILL EXPAND ITS REACH!
RUSSIA AND IRAN ARE CREATING A GOLD BACKED CURRENCY CALLED THE URAL! DOC IMO
Mountainman: COUNTRIES are "TIRED" of Dealing W/USA and it's (STRONG ARM) OVER Them....So "MANY" are (DIVERSIFYING) their "GLOBAL PORTFOLIOS"......That's WHAT....You would do as Well....RIGHT???......IMO
Thunderhawk: Getting Arab Money: Gulf Investments Pour Into Russia Amid Sanctions
Wealthy Gulf states have increased their investments into Russia as traditional investments such as Europe become less profitable.
Although Russia's Direct Investment Fund (RDIF) has been hit with US sanctions, it has been no barrier for wealthy Arab nations in the Persian Gulf interested in investment, the Arabian Business Weekly reported.
Over 90 percent of the RDIF's investors have come from the Middle East and Asia, particularly from large sovereign wealth funds. The RDIF is a fund which helps foreigners unfamiliar with Russia's economy invest in high-growth sectors with the help of investment professionals.
"The Gulf is becoming more familiar with the Russian market. In the past the country was perceived as a difficult market for investors — it has gone through an important transition from being a socialist economy only 25 years ago and a lot of institutions needed reforming," RDIF CEO Kirill Dmitriev told Arabian Business.
Other drivers spurring investment in Russia for Gulf countries have been a weaker ruble and increased privatization of state enterprises.
One of the biggest recent investments has been Dubai port company DP World's $2 billion investment into Russian ports despite pulling out of the market in 2012
"Russia has always been an attractive origin and destination market for us with huge long-term growth prospects," DP World CEO Sultan Ahmed Bin Sulayem said at the time.
In addition to the Russian economy's blue chips, Russia and the United Arab Emirates have begun looking at investments that would boost trade and cooperation, such as food exports, finance, Islamic banking and efficient oil exploration.
http://peoplenetv.com/getting-arab-mone ... sanctions/
Thunderhawk: HEY DOC - HOW'S THIS FOR A TRIPLE HEADER!!!
BACKDOC: RIGHT THUNDER, THE NEXT WAR ON OIL WILL BE ELECTRIC CARS SINCE WE ARE USING WIND, SOLAR, AND NAT. GAS POWER STATIONS!
ALL THAT AND THE FUEL CELL CARS ARE COMING TOO! DOC IMO
Mountainman: Sheesh....HAWK.....YOU "Knocked" It Out Of the PARK........NOW.....I Know it's Called (IRAN)....but.....The WORLD has a CASE of The "I RUNS".......To HOME BASE....and there You have it.....GAME OVER.......CLEAR the FIELD.....Folks GLOBALLY are going "NUTS" W/TRADE AGREEMENTS!!!!!!!!.......(8)......IMO
Thunderhawk: Finland keen on investment in clean technology, environment in Iran
Finland official said on Saturday that companies active in the fields of clean technologies, renewable energy and water and waste water industry are to visit Iran to consider grounds for investment and joint cooperation.
Project Director of Finland Trade Development Organization Luta Iroma said that Minister of Agriculture and Environment of Finland Kimmo Tiilikainen is heading for Tehran leading a Finland delegation. They will arrive in Tehran later in the day.
The 15th Tehran International Environment Exhibition will kick off on Monday February 29. It will work until March 3rd.
Paris ready to develop economic-industrial cooperation with Tehran
France Foreign Minister's Advisor, Jacques de Lajugie said that there is suitable ground for Tehran-Paris economic and industrial cooperation and it is welcomed by France.
Speaking in a meeting with Bank of Industry and Mines' (BIM) chairman and the head of the board of directors Ali-Ashraf Afkhami, Lajugie said that in the wake of President Rouhani's trip to France it is expected for both countries to start a new round of cooperation.
Afkhami said that BIM participates in financing infrastructure projects like steel, petrochemical, powerhouse and cement.
He added that necessary measures have been taken into action to act in post-sanction era.
He noted that over 100 million euro letter of credit was opened by BIM in the first day of post-sanction.
Commentator says merits of oil-free economy higher than oil incomes
The globalization of oil industry is the best way for the oil-producing countries, including Iran, to protect themselves against ups and downs in the prices of the commodity.
The English language daily, Iran Daily, in an opinion piece published on Saturday, throws light on the issue of globalizing the oil industry and its benefits.
Full excerpt follows:
Close to $5 trillion of the forex reserves of oil producing and exporting states were transferred to oil consumer countries during January 2013-December 2015. This is, perhaps, the largest volume of monetary transactions in the 21st century.
To Read more: http://www3.irna.ir/en/News/81982181/
BACKDOC: GOOD NITE THUNDER, MM, AND FAMILY!
TOMORROW IS ONE DAY CLOSER TO PULLING BACK THE CURTAIN!
OHH AND IMPLEMENTATION DAY !!! HEE HEE DOC