Emailed to Recaps:
Fisher : Intel derived from all sources says first basket currency holders can expect redemption center appointment toll free numbers release between7-8pm EDT tonight.
Private exchanges will then commence and run for exactly 1 week and conclude on Sunday night 9.25.
This would give off redemption locations exactly 6.2 days and leave a week for follow up attainments and redemptions stragglers before October starts. Also this redemption schedule would clear the way for CNY/RMB/SDRs to start fresh on algorithmic platforms starting Saturday Oct 1.
Iraqi President Abadi is at the UN today and either speaking at 10:55am EDT or 1:15pm EDT. He will make several required public announcements per IMF, The Hague and UN compliance demands about his nation's status and new sovereignty.
Iraq will also be announced as the final nation to receive the UN sovereignty designation and become its 209th good standing nation--with the honor of being the last. sovereign nation which allows all other sovereign nations to immediately implement the Paris Agreement--which will ultimately allow all sovereign nations absolute access to new global gold standard financial system --allowing several nations to immediately revalue their national currency--in monetary harmony with the new gold spot value now being set via the Shanghai Gold Exchange (SGE) and not London.
The RV therefore is now ready to begin freely without concern of being halted post release as finally all sovereign nations worldwide have agreed through signed treaty to reset the world's financial system and abide by set compliance rules within the Paris Agreement.
Two other things of interest
All banks are passing their derivatives BACK to Doosh bank, they will be going down with them in their possession
The NY bombings were a cover for assassination attempts on Abadi, who is alive and well
PompeyPete: Thank you Backdoc…just confused as to why this will not be on the Forex? Never on there? or just on the IEX first?? Thank you in anticipation
BACKOC: LET ME SAY IT THIS WAY, THE NEW DINAR WILL BE DIGITAL AND NOT THE OTHER. REMEMBER THEY DROPPED THEIR USE OF THE SWIFT CODE WHICH IS HOW THE FOREX IS TRADED.
THEY ARE E-DINAR NOW THAT MEANS IEX ONLY! THIS IS MAINLY THE OUTCOME OF THE NEW REALITY, DIGITAL (ASSET-BACKED)! DOC IMO
Johnny49: 1. Will the e-dinar render our physical dinar currency useless, but not worthless at a point? (electronics outdating paper)
2. Do you think Abadi will be able to accomplish what he is setting out to do at the UN?
3. Not asking for date or rate, but is there any update on Vietnam? Thanks.
Backdoc: THERE WILL BE A PAPER, OR A PLASTICIZED REPRESENTATION OF DIGITAL CURRENCY WHICH THEY HAVE ALREADY ADMITTED. WE JUST DON'T KNOW FOR SURE WHEN THEY WILL BE RELEASED!
REMEMBER IRAQ SAID IN PREVIOUS ARTICLES THAT THEIR PAPER CURRENCY WOULD BE GOOD IN PERPETUITY ! OR FOREVER!
OTHER ARTICLES HAVE SAID AT LEAST 10 YEARS, SO TAKE YOUR PICK!
THE VALUE OF THE EXCHANGE IS I BELIEVE YOUR QUESTION RIGHT? DOC IMO
Walkingstick: The Ministry of Planning: the country needs to sixty-three billion dollars for the implementation of vital projects
Marimarett22: I'm taking this as, IRAQ has done what the IMF told them to do?
Walkingstick: PARLIAMENTARY FINANCE: IMF WILL GIVE IRAQ MORE LOANS
September 18, 2016
he said the parliamentary finance committee member Abdul Qader Mohammed said Iraq has agreements with the International Monetary Fund to grant more loans.
Said Mohammed, on Sunday, in a statement to the Iraqi network transmitter (IBN) that "Iraq has agreements with the International Monetary Fund to give him more loans, as well as the talks are continuing by the Ministry of Finance with IMF officials."
He said the Finance Committee member, said "Iraq obtained a loan in the past year and the current will get other loans in the coming years for the years 2017 and 2018, subject to compliance by reducing expenses and determine the salaries of staff as well as administrative and financial organizations in government joints." He pointed out that "the total loans is not known so far have exposed to increase or decrease until the completion of negotiations," adding "it will be given in exchange for benefits and will help Iraq in its crisis and financial."
Zerb: GOLDEN CHILD meets PRETTIEST GIRL AT THE PROM! LET THE DANCING BEGIN! MISTRO WARM THE BAND UP?
Don961: Vietnam is seeking to resume the work of the oil companies in Iraq
[Oan- Baghdad] Vietnam announced its best to resume the work of the oil companies in Iraq.
A statement by the Iraqi Foreign Ministry received by all of Iraq [where] a copy of it, "Foreign Minister Ibrahim al -Jaafari met with Foreign Affairs of the Socialist Republic of Vietnam and the Minister [Haievam bin of on thesidelines of the summit leaders and the heads of the Movement of Non - Aligned seventeen held in Venezuela, during the meeting , they discussed bilateral relations and the prospects of joint cooperation at all levels. "
He stressed al - Jaafari , according to the statement," the need to expedite the convening of a meeting of the Iraqi-Vietnamese Committee, and activate the shared files between the two countries, "directed" the official invitation of the Foreign Minister of Vietnam to visit Iraq because of their impact on deepen relations. "
for his part, Foreign Affairs of the Republic of Vietnam and the Minister of " his country 's keenness to strengthen relations with Iraq, "noting" the importance of the adoption of further mechanisms that will increase the volume of economic cooperation and trade for the benefit of the two friendly peoples. "
the minister said the Vietnamese, that "his government is seeking to resume the work of the oil companies in Iraq within the framework of investment between the two countries support," stressing "his country 's support for Iraq to get the human rights Council at the United Nations seat for the years 2017-2019."
Angel: Why Oil Prices Matter Now More Than Usual
SEPT 19, 2016 CBS NEWS
Heading into the end of the year, energy prices look ready to jump back on the front pages. And that may not be a good thing.
Of all the economic indicators, little matters more to the average red-blooded American than the price of a gallon of unleaded gasoline. It’s universal.It’s fast changing. And unless you’re really into battery-powered electrics or Uber, it’s just something you can’t get away from.
Lately, though, the vagaries of gasoline -- driven by the ups and down of crude oil -- have been even more important than usual. Ever since energy prices peaked in the summer of 2014 before collapsing nearly 80 percent into last February’s lows, the health of the stock market, the economy, the U.S. dollar, corporate earnings and the prospect of Federal Reserve rate hikes have all depended on where oil is headed.
And although oil and gasoline prices haven’t really changed since March, another bout of volatility looks likely as the U.S. summer driving season comes to an end.
The wholesale price of a gallon of gasoline continues to trade in a tight three-month range between $1.27 and$1.49 (chart above), a range that was in play in late 2015 as well.
The fundamentals suggest another bout of weakness is coming.Ed Yardeni of Yardeni Research highlights that the combination of weak demand(both from refineries and end consumers) and increased OPEC output (as Iran ramps up production as economic sanctions are lifted under the nuclear deal) swelled inventories in the developed economies to a record 3.1 billion barrels in July.
Last week, the International Energy Agency (IEA) predicted that the oversupply in the global oil markets will last for longer than previously expected. As a result, it estimated oil stockpiles will keep climbing through 2017, marking the fourth consecutive year of surplus. This was a major change from estimates the agency made as recently as August that showed the market returning to equilibrium later this year.
And while U.S. drilling rig counts have dropped precipitously from their 2014 highs, steady prices have encouraged are bound in recent weeks (chart below). What’s more, exploration activity is ongoing, and Apache (APA) announced earlier this month that it has discovered at least 2 billion barrels of oil and gas equivalents in a new field in West Texas that geologists and engineers had previously written off.
If this weren’t enough, the U.S. Department of Energy released its “Long-Term Strategic Review of the U.S. Strategic Petroleum Reserve”and found that the SPR’s current level of nearly 700 million barrels should be reduced to a more appropriate level of 530 million-600 million barrels. With the U.S.growing in its role as one of the world’s largest energy producers, the threat of a supply disruption is fading.
Should the SPR be culled, that would throw millions of additional barrels of supply onto an already swamped market.
With the energy outlook tepid, and thus inflation measures relatively calm, the Fed is under little pressure to hike interest rates this year amid a batch of underwhelming economic data (including factory orders, manufacturing activity, construction spending and more). And unless oil prices bounce back, corporate earnings are likely to continue to fall. FactSetalready anticipates S&P 500 profitability will fall for the sixth consecutive quarter in the third quarter -- mainly due to the estimated 66 percent year-over-year drop in energy sector earnings.
The wildcard is an upcoming OPEC meeting in Algiers later this month. But Capital Economics doesn’t believe a teased output freeze willactually come to fruition based on the cartel’s history of overpromising and underdelivering, as it did earlier this year.
Iran remains recalcitrant as it seeks to crank up its production to pre-sanctions output levels. And amid production disruptions in Nigeria and Libya, these countries won’t be interested in freezing output at current levels.
Overall, another bout of weakness in oil prices -- while undoubtedly great news for American drivers -- would probably be a net negative for the economy and the stock market -- and it could lead to a repeat of the last January’s and February’s unpleasantness.
At this point, aside from a surprise interest rate hike from the Fed, this is the largest single potential worry for stocks heading into the presidential election in November.