Poppy3 ...JUST HEARD FROM BAGDAD --- ABADI TO MAKE ANNOUNCEMENT SPEECH TOMORROW [SATURDAY] TO THE COUNTRY.
NO DETAILS ON WHAT HE WILL SAY.
FIGHTING ERUPTED THIS EVENING IN BAGDAD. PEOPLE ARE PISSED AND TIRED OF ALL THE UNFULFILLED PROMISES.
MAY BE THAT THE NEW RATE IS WHAT IT WILL TAKE THIS TIME TO CALM THEM BACK DOWN.
REMEMBER LAST WEEK HE PROMISED AGAIN THEY WOULD SOON HAVE MORE BUYING POWER .
PRAY THIS TIME THAT HE FOLLOWS THROUGH WITH ACTION AND NOT JUST WORDS .
Uenvoy: Here is some great news.. out of Iran,, I a sure most of you have already heard. https://www.rt.com/news/329164-iran-sanctions-lifted-zarif/ So here is the left hand saying look what is happening over here.. While the Right Hand is releasing the RV/GCR. Just a thought.
Kansaschick: Here's a thought...I think the U.S. would want to make sure the RV is completed prior to unfreezing billions of dollars to Iran. Can you imagine how much currency they would be able to purchase with all that cash? We gotta be close.
Pitbass45: elmerf - Definitely a change of China policy. Welcome to the 21st Century.
Uenvoy: Poppy3 ...JUST HEARD FROM BAGDAD --- ABADI TO MAKE ANNOUNCEMENT SPEECH TOMORROW [SATURDAY] TO THE COUNTRY. NO DETAILS ON WHAT HE WILL SAY. FIGHTING ERUPTED THIS EVENING IN BAGDAD. PEOPLE ARE PISSED AND TIRED OF ALL THE UNFULFILLED PROMISES. MAY BE THAT THE NEW RATE IS WHAT IT WILL TAKE THIS TIME TO CALM THEM BACK DOWN. REMEMBER LAST WEEK HE PROMISED AGAIN THEY WOULD SOON HAVE MORE BUYING POWER . PRAY THIS TIME THAT HE FOLLOWS THROUGH WITH ACTION AND NOT JUST WORDS
Haystack: Uenvoy, isn't it Sunday in Iraq right now?
Uenvoy: Not yet.. I am sorry it will be a few more hours before Sunday.. 8:42 PM in Iran/Iraq…. We probably wont hear his words, or read them until later tonight. because it takes about 18 hrs to get updated news from any live reports out of Iraq…. Nothing out there yet about Iraq and or Abadi's speech.
Xyz: World leaders gathered in anticipation of Iran sanctions being lifted https://www.washingtonpost.com/world/national-security/world-leaders-g athered-in-anticipation-of-iran-sanctions-being-lifted/2016/01/16/72b8 295e-babf-11e5-99f3-184bc379b12d_story.html
Four2atous: The currency war is still alive and well” = http://www.bloomberg.com/news/articles/2016-01-16/currency-war-revival-seen-by-state-street-after-yen-euro-rally
Four2atous: Over 4 trillion IQD imported to Kurdistan Region in 2015= http://nrttv.com/EN/Details.aspx?Jimare=4834
GJHHonor: found this you can see the Iran rates before sanctions
Iranian Rial was 1764 per Dollar in year 2000 Adter Sanctions lifted you can multiple fold your money Official vs. Free exchange rates Rials per US dollar Year Official rate Parallel/Free rate 2014 25,780.2 N/A 2013 18,517.2 31,839 2012 12,175.5 26,059 2011 10,800 13,568 2010 10,308 10,308 2009 9,900 9,900 2008 9,143 9,143
Mountainman: ???HOW do BANKS make MONEY???$$$$$$$.........................And NOW connect the "PIECES"=WHY???........ CHINA is CONTRACTING GLOBALLY w/ "UNDEVELOPED INFRASTRUCTURE",TRADE ....ie ZIMBABWE,IRAN,RUSSIA and MANY,MANY..........MORE!!!!=....
THE NEW GLOBAL PARADIGM SHIFT/REALITY......RIGHT DOC???.....And IRAN.....WS.....OIL....FRANK........A UNIVERSAL CURRENCY that OOZES into ALL COUNTRIES......BUDGETS!!!!!!!....IMO
Dnari131: China launches new AIIB development bank as power balance shifts
Business News | Sat Jan 16, 2016 6:41am EST
BEIJING | BY SUE-LIN WONG
China, January 16, 2016.
Chinese President Xi Jinping launched a new international development bank seen as a rival to the U.S.-led World Bank at a lavish ceremony on Saturday, as Beijing seeks to change the unwritten rules of global development finance.
Despite opposition from Washington, U.S. allies including Australia, Britain, German, Italy, the Philippines and South Korea have agreed to join the Asian Infrastructure Investment Bank (AIIB) in recognition of China's growing economic clout.
"Asia's financing needs for basic infrastructure are absolutely enormous," Xi said in a speech at the launch, adding the bank would aim to invest in projects that were "high-quality, low-cost".
In order for Asia to continue to be the most dynamic region for global growth, it needs to invest in infrastructure and connectivity, Premier Li Keqiang said, during the afternoon session of the opening ceremony.
The AIIB is expected to lend $10 billion-$15 billion a year for the first five or six years and will start operations in the second quarter of 2016.
Even so, no specific infrastructure projects would be announced "for the time being", AIIB President Jin Liqun told Reuters on the sidelines of the launch.
Luxembourg Finance Minister Pierre Gramegna said the establishment of the AIIB was "further proof of the rebalancing of the world economy".
A successful AIIB that sets itself apart from the World Bank and the International Monetary Fund (IMF) would be a diplomatic triumph for China, which opposes a global financial order it says is dominated by the United States and does not adequately represent developing nations.
The AIIB will require projects to be legally transparent and protect social and environmental interests, but it will not force borrowers to adopt the kind of free-market practices favored by the IMF, sources told Reuters in September.
By not insisting on some free market economic policies recommended by the World Bank, the AIIB is likely to avoid the criticism leveled against its rivals, which some say impose unreasonable demands on borrowers.
It could also help Beijing stamp its mark on a bank regarded by some in the government as a political as much as an economic project.
Baikuntha Aryal, joint secretary at Nepal's Ministry of Finance, said the Himalayan country was hoping the AIIB would fund roads, hydropower and urban development projects.
"The AIIB is specifically for infrastructure so we see it as a supplement to projects in Nepal funded by the ADB (Asian Development Bank) and World Bank," he said.
China has an initial subscription of $29.78 billion in authorized capital stock in the AIIB, out of a total of $100 billion. It invested another $50 million on Saturday.
(Additional reporting by Nathaniel Taplin; Editing by Stephen Coates and Mark Potter)
http://www.reuters.com/article/us-asia- ... SKCN0UU03Y