Iko Ward: Just to be clear, Dong polled on Forex this morning at 4:41AM. THATS THE TIME IT POLLED. It has stayed at the same 21,595 value since Wednesday. It usually swings 350-550 points during the trading day. So no movement is highly unusual and therefor significant, especially combined with all,the other Intel we are getting.
Paperbag: I just returned from my meeting with the local bank vice president. There is a lot of frustration at the bank. Apparently this actually was supposed to go over the weekend but was stopped again without explaination.
It is very important to not call the banks about dinars at this time. After I got the standard bank policy about the dinar being a scam, the vp asked me when I thought that this would finally go?
I told her that it will have to go very soon or there will be riots in Iraq. She wants me to keep her informed and if she hears anything she will give me a call, so we are just waiting for the big boys to make up their minds and git r done so we can all be rich.
[rgone] lol Hello, this is Rod Serling from the RV Twilight Zone, the place where RV dreams languish in RV purgatory for a thousand years. - After a thousand years, it just starts over!
wmawhite ...I always look at 1166...at 1166 Iraq can not achieve what they have told the world they want to achieve. They have been using the USD for over 10 years and look at what they have...NOTHING
Millionday CBI ANNOUNCEMENT TO ACTIVATE THE REMITTANCE SYSTEM OF SALE AND PURCHASE OF ALL FOREIGN CURRENCY:
"To/banks approved to exercise all banking -approved all remittance companies - companies to broker the sale and purchase of foreign currency all ( questionnaire about the window buying and selling currency ) 03/05/2015"
VERY GOOD NEWS AS IT IS A STEP OF EXCHANGE IN IRAQ OF FOREIGN CURRENCY WHICH IS NEEDED FOR INVESTORS AND THE ACTIVATION OF AGREEMENTS AND CONTRACTS WRITTEN ETC.
Q: [...at what rate?]
Millionday THEY WOULD NEED TO DO THE ORDERED INTERNATIONAL EQUATION IMO -- FOR THE REMITTANCE SYSTEM -- SMILE.
DAME » May 4th, 2015, 5:12 pm MOST EXCELLENT!
US and Kuwait sign Model 1 FATCA IGA
Posted on May 4, 2015 in Asia-Pacific, Kuwait, Treaties
The US Treasury Department has updated its FATCA website, reporting that Kuwait has signed a Model 1 intergovernmental agreement (IGA) with the United States as of April 29. The text of the agreement is available.
The agreement in full is here:
Thunderheart: Hello Backdoc: IMO Vietnam is totally ready for this - All the pieces are in place for Vietnam to RV ThunderHawk (See Article Below)
Backdoc: I AGREE MY FRIEND!!!
Backdoc: :More major mergers underway in Vietnam's banking sector
By Hong Suong, TN News
DongA Bank has reportedly signed a merger agreement with An Binh Bank. Photo: D.D. Minh
At least six mergers and acquisitions are being planned among commercial banks in Vietnam, where three similar deals have taken place this year as part of the government's efforts to consolidate the overcrowded banking sector.
A source told Thanh Nien that DongA Bank has signed a merger agreement with the smaller An Binh Bank.
However, Nguyen Hoang Minh, vice director of the State Bank of Vietnam's branch in HCMC, where both the banks are headquartered, said officials have not received the banks' proposal yet.
DongA Bank chairman Cao Sy Kiem said the lenders were still in a "study process."
In another related news, at a recent meeting, Vietinbank's leaders announced that a merger agreement with PGBank is awaiting the central bank's approval.
Once the plan is ratified, as early as next month, 270 million shares of Vietinbank will be swapped for PGBank's 300 million shares.
Thanh Nien also learned that shareholders of Sacombank and Southern Bank have voted for a merger and their plan is now pending government approval as well.
Eximbank, another major lender, is likely to strike a deal with Nam A Bank.
Previously, the central bank approved a merger between Mekong Development Bank and Maritime Bank, and planned a tentative deal for SaigonBank and Vietcombank.
Mekong Housing Bank is also working with BIDV, the country's second-biggest partly private bank by assets, on their merger.
The State Bank has already taken over Ocean Bank, whose executives were arrested over lending violations, and cash-strapped Vietnam Bank for Construction, after its shareholders refused to pump in more money.
The central bank did not pay for these compulsory purchases. Under a regulation issued in September 2013, the monetary authority can restructure a weak lender by acquiring its shares.
Since 2012 the State Bank has tried to reform the banking sector made up of more than 40 banks, many laden with problems. The overcrowded industry has been blamed for dragging on the economy with bad debts.
As of February, outstanding loans of the whole system was estimated at nearly VND4,000 trillion (US$184.88 billion).