R.V./ GCR May 1, 2015 at 12:11pm Next leading marker watch for the government of Iraq to seperate from the banking system...expected on may 4th or 5th
R.V./ GCR May 1, 2015 at 1:00pm Recent memory lanes
Dr. Mark April 23, 2015 at 11:24pm
Response to new law for increased access to cash for Iraqi citizens:
1. The law has been passed, but, it has not been engaged. Hard to engage when they have no liquidity!! But, the law is there. Now, look at what the law does:
2. The CBI and the private/public banks will have significant oversight of all transactions. The fact that they are increasing withdrawal amounts demonstrates they have better security!!
3. This also demonstrate they are feeling better about the future "liquidity" which I believe is most important at this stage.
4. Getting citizens to "go to the bank" is a priority for the CBI so providing increased access to ATM's via "internet" which they will be able to do with their new Qi cards as well as getting LD's via the bank to me...is all very encouraging.
Lastly, the increased cash flow is meant for banks to stimulate investment for projects both private and public. SUPER!!!
The question you must ask now....why did they just pass this law? Timing is definitely interesting!! IMO
G T May 1, 2015 at 12:50pm I'm Hearing This could be our LAST WEEKEND BEIN'......"BROKE BROKE"!!!
Stuff's Goin' Down In Iraq & At The Banks (Worldwide)!!
That's ALL I'm Sayin'
Awake-in-3D > G T That's good news cause now I don't think my info is crazy (Hopium) today. I'll take your post as "soft confirmation" of what I'm hearing... :)
Wilbur grodan MARKET ACTION - looks like the WEEKEND will be full of PROMISE
Robert K So, I've read a couple times that ALL RV's take place in April or September. I guess this bear is looking forward to September.
Zoom > Robert Koci This one might break that trend. Being a global event not just one country might make this a special case.
Jose N. > Robert Koci No sr. The RV happen on 4/15/15 we are just look for the release.
Rod jW > jose nerio From your keyboard to Gods ears! Praying you are right! :))
Poppy3 I EXPECT TO HEAR A RATE AT ANYTIME IN THE NEXT FEW DAYS.
Millionday Press Statement: "Finance Minister Hoshyar Zebari said Thursday that Iraq was seeking sovereign rating continues with credit rating agencies as it prepares to issue bonds worth a huge five billion dollars needed to cover the financial deficit caused by low oil prices."
THIS IS FROM A PRESS STATEMENT AND IS VERY IMPORTANT IN THE FORMATION OF THE INTEREST RATES -- WHICH PER OUR RESEARCH ON WHAT GOES INTO THE INTERNATIONAL EQUATION.
THEY ARE WORKING ON THE CREDIT RATING FOR IRAQ...
Quote: "Zebari said in a press statement, "We started the process and that the banks are also seeking to help us in this direction," without having to disclose the date on which it is expected to complete the process."
IRAQ IS NOT RELEASING THE DATE OF WHEN THE CREDIT RATINGS ARE TO BE RELEASED -- AND FOR A GOOD REASON...
Quote: "Iraq has announced that it will issue bonds worth five billion dollars in the first issued in the international bond market in nine years and is in dire need of liquidity as the government predicted that this year's deficit up to about 25 percent of the size of the budget of 100 billion dollars."
IRAQ HAS ALSO ANNOUNCED THAT THEY ARE GOIING TO ISSUE BONDS IN THE INTERNATIONAL BOND MARKET --
IRAQ THINKS THAT THE ISSUE OF THE LAST CREDIT RATINGS WILL ATTRACT THE INTERNATIONAL COMMUNITY TO THE BONDS THEY HAVE ISSUED TO HELP WITH THE DEFICIT.
THE PROBLEM WITH OBTAINING THEIR CREDIT RATING IS THAT IT REQUIRES TRANSPARENCY TO THE AGENCY THEY ARE WORKING WITH ---
THIS FORCES THE INFORMATION THAT HAS BEEN KEPT QUIET TO BE REVEALED.
NOTE -- THE BONDS ARE ALL IN DINAR AND THE FACT THAT THIS IS A HUGE PRESS STATEMENT...IT IS OBVIOUSLY VERY IMPORTANT.
THE CREDIT RATING IS VERY IMPORTANT...IN THE REVALUE OF THE DINAR AND ALSO THE INTERNATIONAL RECOGNITION IN THE DINAR YOU HOLD
[freefalling] IMF starts a new fiscal year. Operational rates change. A weekend to allow for smooth transition. Please add to this list making this weekend a winner to a release
Montsepik: Today is May Day. Am I the only one that, as a child, hung a basket of flowers on my neighbor's door, rung the doorbell, and then hid where I could watch their reaction?
May Day was also celebrated by some early European settlers of the American continent. In some parts of the United States, May Baskets are made. These are small baskets usually filled with flowers or treats and left at someone's doorstep. The giver rings the bell and runs away. The person receiving the basket tries to catch the fleeing giver; if caught, a kiss is exchanged.
BHappy: when Kuwait revalue their money they no water and little electricity or food. Wow
Bernice » Z....like your post 173....but can you answer a few questions for me?....I realize that in order to get credit they check credit rating and previous credit...you have to have assets and ability to pay back any kind of loan....but why are we still getting more loans?..
when they went thru books they very obviously saw the assets and the availablilty to pay back with raising of the value of currency... but still we are in holding pattern... with sovernity is being look at as well assets?...
if granted soverneity then currency should be international right? hope you understand this...lol....
Boxman: I am not Z...but IMHO...Iraq( without liquidity, cash) is like the person that has a thousand acre field of wheat, ready for harvest, but no money to hire workers or machinery to reap the field..the bank will lend you funds to harvest the field as long as you pledge the crop as collateral...much like Iraq and its resources...
I believe this is one of the major reason they are pushing to set up a sovereign fund IMHO
Eagle1968: About a week or two ago i posted during lunch that my XE Currency app was going nuts with numbers. I got the same numbers as BacDoc posted last night & my USD has always been set to $1.0 IMO They are messing with the numbers & we are able to catch them a little at a time...Hopefully & PRAYERFULLY soon they will just press the button & do this. DR S & A have the ability to make this truly a great RAMADAN & not a RAMA-DUD like it has been for the last few years.
jdtolle » May 1st, 2015, Use of time
Your time is one of the most precious things you have, and no hour, no moment, no day can ever be replaced. Keep that in mind when choosing how to spend your time.
The way you use your time, now, in the next hour, in the next few days, determines the way your life unfolds. It is a great opportunity that keeps on presenting itself to you.
Over and over again, you have the chance to make wise and productive use of your time. You have the chance to exchange the fleeting moments for lasting value.
Every now and then, step back and look at what you’re doing. Remind yourself to make the most of the great opportunity you have in each moment.
Tomorrow can be markedly improved as a result of the way you use your time today. By using your time wisely, you can transform the richness of this moment into a richness that continues in your life for years to come.
You have just as much time today as the most accomplished person alive. Now is your time to make it count.
Ralph Marston Wishing All a safe and blessed day/weekend JDT
P.S. It is a thousand times better to have common sense without education than to have education without common sense. -- Robert G. Ingersoll