Tishwash: in talks maybe we can get the rating before week's end
Iran in talks to get first credit rating
Iran is being billed as the largest emerging market closed to business since the fall of the Soviet Union
An official says Iran is in discussions to get its first credit rating as the country is emerging from years of sanctions and seeking to put its economy on strong footing.
A debut credit rating would help the country put itself on the global map for investment and business and cast off reservations held by global companies about entering its market.
"We are in negotiations with some of these rating agencies," Iranian Chief of Staff Mohammad Nahavandian told Reuters in an interview in London, adding he expected the agencies to provide a full rating.
He did not identify the agencies. None of the major ratings firms among Fitch Ratings Inc., Moody's Investors Service and Standard & Poor's Ratings Services rate Iran.
Iran is being billed as the largest emerging market closed to business since the fall of the Soviet Union, with a tremendous amount of energy resources.
Nahavandian's visit to London coincided with British Business Secretary Sajid Javid announcing plans for a trip to Iran in May at the head of the UK's biggest-ever trade delegation.
Javid said the two countries had signed a deal to simplify the financing of exports. Britain, he said, was also working with its European partners to help ease the impact of banking restrictions on trade with Iran.
With a well-educated population of more than 80 million and an annual output of over $400 billion and a market capitalization size of $170 billion, Iran is the second largest economy in the Middle East.
The country owns the world’s largest oil and gas reserves combined and also sites on sizable mineral resources.
The lifting of sanctions in January has triggered a wave of interest in trade with Iran among world governments and corporations but financial institutions have adopted a wait-and-see approach.
An international rating will involve scrutiny of balance finances and revenue forecasts, providing prospective investors with reliable feedback about Iran's business environment.
It could further catapult Iran to international debt markets for an eventual bond sale as the country is struggling to bring its economy out of a nagging stagflation.
Oil sector is one of the target areas for investment, with the country seeking to bring some of its aging fields back to life. For now, Iran seeks to boost its production by 1 million barrels per day.
Oil production rise
Nahavandian said the country would be ramping up its production -- in the near-term at least -- despite talks of an output freeze by some producers.
"Iran has to go back to its market share there is no doubt about that. If there is any decision to be made on cutting production it has to be made by those who have filled the vacuum after the Iran sanctions," he said.
"So Iran has to go back to the footing it used to enjoy, then it will join the group of producers considering production level changes," he added.
Saudi Arabia, which pumped 10.2 million barrels daily last month, as well as Russia, Qatar and Venezuela proposed the freeze recently
Xyz: TIME TABLE: Sadr gives Abadi time to complete his reforms http://translate.google.com/translate?depth=1&hl=en&sl=ar&tl=en&u=http ://www.kitabate.com/index.php%3Fpage%3Darticle%26id%3D72285
Q: [...do you think they will come out at a fix rate first or float it from the beginning..?]
firefly ...it will or should come out at a certain rate and cannot fluctuate more than 2% up or down.
Reposted: Millionday Article quote: "...Speaking Governor of the Central Bank on the Keywords During his speech at the Forum...said that the banking sector an important role in supporting growth and reduce unemployment in Iraq, through the financing of various sectors and expand the purchasing power of citizens..."
NOTE -- KEYWORDS GAVE A SPEECH -- UNDERSTAND THAT IS ALAK --- STATING THAT THE MARKET WILL GIVE THEM HUGE RETURNS FOR GROWTH AND ALSO EXPAND THE IRAQI PURCHASING POWER ---
AS WE HAVE TALKED ABOUT BEFORE --- THEY PURCHASE WITH THE DINAR --- EXPANDING ITS PURCHASING POWER CAN ONLY TAKE PLACE THROUGH ADDED VALUE AND PRICE ADJUSTMENT...WHOOPOW.
ALL OF THESE CREATIONS TAKE PLACE WITH A RECOGNIZED CURRENCY AND ABILITY TO EXCHANGE AND ALSO THE STOCK MARKET -- MAKES NO SENSE ANY OTHER WAY -- MACRO-ECONOMICS 10.
THE MINISTER OF PLANNING WAS AT THE CONFERENCE AS WELL --- OBVIOUSLY STATING THAT THE COUNTRY WILL BE CONVERTING TO A MARKET ECONOMY.
Q: [...do you think they will come out at a fix rate first or float it from the beginning...?]
Millionday: IMO -- IT WILL BE A MANAGED FLOAT --- AT 2%...A MANAGED FLOAT THAT ONLY ALLOWS IT TO FLUCTUATE FROM ITS RATE BY 2% EITHER DOWN OR UP...IN REAL TIME..
THE MARKET OPERATES IN REAL TIME...IT WILL BE PAIRED WITH THE USD ACCORDING TO WHAT THE IMF REPORT STATED AND AGREED IN INK
The Gerry Maguire Wing It CC Playback
Guests Iko Ward, Art, Yosef, Special Guest and More…….
BODI: WE ALL AGREE ON THE GCR....THE GCR IS TO GET THE WORLD IN PARITY....FOR COUNTRIES TO BECOME ASSET BACKED....ASSET BACKED MEANS NO MORE FIAT CURRENCY - NO MORE FIAT CURRENCY MEANS BYE BYE CABAL
WE KNOW THE CABAL HIJACKED OUR COUNTRY WITH THE ACT OF 1871 - THE CRUSHING OF THE FIAT/CABAL MEANS GETTING OUR COUNTRY AND OUR REPUBLIC BACK
THIS WAS SUPPOSE TO HAPPEN ON 09/11 - AND WE KNOW WHAT THEN HAPPENED...WITH THE RV - IT IS A BONUS...THEY ACTUALLY USED IT AS A STING OPERATION TO GET ALOT OF CROOKS...IE ALL THE BANK ARRESTS, RESIGNATIONS ETC
I BELIEVE THE PARTY SYSTEM WILL GO AWAY....IT WAS ANOTHER WAY THEY USED TO CREATE DIVISION - UNITED WE STAND DIVIDED WE FALL
Beamer: I have a military officer friend (retired) who was called back to active duty. Main job was to calm the masses when annoucements occured. Nothing to fear here…..many military were called back to prepare for this
Garmst: they should start the announcement with..............................THE IRS IS NO LONGER IN EXISTENCE................then any information after that the masses will accept with open arms....lol
I heard Iraq is going international with bonds next week, Abadi is cleaning out all the curruption in government, extreme rush for them to go international.
GEGDinar: At this point none of us have any real idea what is going to happen. We don't control politics, we don't control world economies, and we certainly don't control decisions made at many levels above our heads. Let's see what happens over the next few days and just know that it's all going to work out fine in the end.
Cruiser: Just remember for the folks in the know. How long ago you heard about it and how long it took you to grasp all of it many on here just found out today or like a week ago. It will take time Remember we are to plant seeds and let them grow !!! IMO
SDTraderunner: I talked to my banker today about my currencies again, and he was very positive and told me he would do some calls and let me know when he needed me to come in. I was excited
LawnMan: An awesome bank story
The date of this was 9 Mar 16 ...A very great and trusted fiend of mine has a friend whom also is to be very trusted was in her bank today in Vero Beach Fla ..... She has had a long time relationship with the Bank Manager and always talks to this person about the RV, Asset back, Fiat and so on...Always in passing she would say are we asset back yet,, he would turn and smirk....
Today she did this and he turned and said YES WE ARE ASSET BACK FUTHERMORE THEY HAVE THE NEW TRN'S AND SO FORTH ALL READY TO GO.... THEY ARE JUST WAITING FOR THE GO TO RELEASE THEM... ....THIS STORY IS VERY TRUE!!!!!!
Boracuita: Before October. The reason for the date OCTOBER is because CHINA will be a SDR….. And that will be a FACT….. My time period is January 27, The date that Cristine Legard announce the finish of historic reform and October, the date that China OFICIALLY will be a SDR.
Diogenes: SO, Boricuita, if I understand you correctly this announcement will be in October and you will be here everyday to tell us that?
Boracuita: Nope…… Im telling that anything need to happen before OCTOBER….. So, im hoping for tonight.