Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Friday AM Chat 7-8-16 Part 2 of 3
Baxter says():Thx DA58... so they must implement economic reforms to get the rest... lets hope they stick to it..
clay says to da58():so they got their 1st installment?
clay says to Baxter():AMEN
da58 says to Baxter():well - there's a ton of money on the table saying they will!
larrykn says to clay():very small amount , I believe they want it all and they know what they have to do :_
da58 says():I was just reading yesterday afternoon's log... and WOW - did you guys catch rcookie's history of the IMF LOI's that have been there since about 2010 and 2011?? how that ties to their 5 yr strategic plan.. step... by step?
da58 says):it was incredible.. to read all that..
larrykn says to da58():amazing
clay says to larrykn():totally agree
clay says to larrykn():so this opens the door we've been waiting for
Baxter says():Lets hope Clay....
clay says to da58):and this is the 5th year
clay says to Baxter():I am 4 sure
larrykn says to clay():I think it has been opening for awhile now but we need those laws passed, IMO next week will be real interesting :)
Baxter says():I am praying that they have a quorum....
da58 says to clay):sure is!
da58 says to Baxter():well - they all seem to be on board.
Baxter says():Im praying....
da58 says to clay():it states there they are getting it.. I dont know if it's 'received' yet.. but how long ya think 634 m will last iraq? (lol) - when they are paying 1b to contractors arrears alone?
I'm sure we're gonna see these reforms implemented real soon... and Look at the timing - the progress and leaflets in Mosul? We'll probably be reading soon of ISIS fleeing, etc etc.. and then the 'fully liberated' art's like we read with Fallujah..
angus says():Friday, July 8, 2016 11:11 IMF: immediate exchange about $ 634 million for Iraq
IMF: immediate exchange about $ 634 million for Iraq
Baghdad / follow Baghdadi News / .. The IMF said that its Executive Board approved a new arrangement under the request of Iraq for three years, worth $ 5.34 billion to support Baghdad's efforts in the face of low oil prices and to ensure the ability to service debt.
The IMF said in a statement that "The approval will enable an immediate disbursement of about $ 634 million under the program."
It is said that the International Monetary Fund and the World Bank agreed to grant loans to race according to several conditions.
Iraq was awarded in July 2015, about $ 1.24 billion under the rapid financing instrument program Alsabak. http://www.albaghdadianews.com/economy/item/98580-ZHlDNj-AkljD-ZHEJ-JNE
angus says():"The approval will enable an immediate disbursement of about $ 634 million under the program."
clay says to angus():and thats all they get until they impliment economic reforms
cricket22 says():Did you see this?
geofitness says():Iraq's international bonds rise after the approval of IMF loan
Friday 08-07-2016 | 5:09:07 Twilight News / Iraqi international bonds for it rose until 2028, amounting to $ 2.7 billion on Friday, at a time when the average premium required fell for the possession of Iraqi debt instruments compared to US Treasuries to the lowest level in a week after the IMF approved a loan worth $ 5.3 billion to Baghdad.
And the IMF agreed on the order under the request of Iraq, for which a three-year, $ 5.34 billion in order to support Baghdad's efforts in the face of low oil prices and to ensure continuity in the debt service. The IMF said in a statement that approval will allow the immediate disbursement of about $ 634 million.
The bond was trading up 0.4 cents at 77.4 cents to the dollar, including away from the highest level in 11 months, recorded by Iraqi bonds before the announcement of the agreement with the IMF according to Reuters data Tombstone
larrykn says to cricket22():Leader urges reforms in new oil contracts
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei said on Saturday night that no new oil and gas contracts for international companies will be awarded without necessary reforms.
"These contracts will not be signed unless the necessary reforms are implemented in the framework of national interests," Ayatollah Khamenei said in remarks carried by his website leader.ir on Sunday.
The Leader made the comments as he received a group of university students and representatives of student societies.
The Iran Petroleum Contract (IPC) is a cornerstone of the country's plan to raise crude production to the pre-sanctions level of four million barrels per day (bpd), and the OPEC member desperately needs $200 billion in foreign money to reach its goal.
Oil giants have urged Iran to make major changes to the buy-back contracts of the 1990s, which companies such as France's Total (TOTF.PA) or Italy's Eni (ENI.MI) said made them no money or even incurred losses.
The launch of contracts has been postponed several times as critics believe any deal that could end the buy-back system should be avoided. The system dates back to more than 20 years, under which foreign firms are banned from booking reserves or taking equity stakes in local companies, according to Reuters.
Oil Minister Bijan Namdar Zanganeh said last week that a final draft for the contracts will be approved by the government after some amendments to appease both critics and foreign companies.
No coordination with US
Ayatollah Khamenei further dismissed claims by Washington pertaining to its willingness to engage in talks with Tehran over regional issues.
He said Iran will never coordinate with the United States in Syria and other regional conflicts.
"We don't want such a coordination as their main objective is to stop Iran's presence in the region," the Leader said.
Ayatollah Khamenei repeated calls for the US to stop interfering in the region and said Washington was still acting aggressively despite last year's nuclear accord.
"Americans are still engaged in hostility against the nation of Iran, be it the Congress or the US administration," he said.
"Those who believe in looking to the West for the progress of the country have lost their minds because wisdom tells us to learn from experience," Ayatollah Khamenei said.
After Iran and five permanent members of the UN Security Council – the United States, France, Britain, China and Russia –
plus Germany started implementing the Joint Comprehensive Plan of Action (JCPOA) on January 16, all nuclear-related sanctions imposed on Iran by the European Union, the Security Council and the US were lifted. Iran, in return, has put some limitations on its nuclear activities.