Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Thursday AM Chat 5-26-16 Part 1 of 3
rcookie: MEDIA ANNOUNCES EDIT OF FALLUJAH CENTRAL....
rcookie says():ABADI CONGRATULATES FALLUJAH PROGRESS CALLS ON SECURITY FORCES TO PROTECT CITIZENS...
rcookie says():ANBAR OPERATIONS ANNOUNCE DEATH OF 100 ISIS ELEMENTS AND 18 VEHICLES KHALIDIYA SOUTH OF FALLUJAH...
rcookie says():JABOURI MEETS WITH JAPAN AMBASSADOR ANNOUNCES $6 BILLION MIDDLE EAST LOAN FOR HUMANITARIAN & DISPLACED & ECONOMIC DEVELOPMENT OF WHICH IRAQ WILL GET THE BULK OF...
rcookie says():IDB ISLAMIC DEVLOPMENT BANK COMMITS $3 BILLION SOFT LOANS & GRANTS FOR IRAQ DISPLACED...
subgirl says to rcookie):WOW is right!!! Japan??? $6 Billion???? WOW!
Soonergirlie says():Is Japan one of the G7?
subgirl says to Soonergirlie():Group of Seven (G7), international organization officially established in 1985 to facilitate economic cooperation among the world's largest industrial nations; summit meetings of the member nations began in 1975. Members are Canada, France, Germany, Great Britain, Italy, Japan, and the United States.
rcookie says():YES JAPAN IS IN G7..
Soonergirlie says():then everything is happening just like they said it would :)(F)
rcookie says to Soonergirlie):YES....THE INT'L AGENCIES DONT MIS STATE THINGS.
rcookie says():KARMA RETAKEN BY ISF FORCES......
subgirl says to rcookie():Karma is only about an hour from Baghdad... Interesting and Fallujeh is neighbor to Baghdad... Interesting...
rcookie says():FALLUJAH IS A LITTLE OVER 40 MILES FROM BAGHDAD..
rcookie says():Thu, 26 May 2016 10:19:17 Jubouri: Iraq will get the bulk of the support and relief to the displaced Japan grant
Said House Speaker Salim al-Jubouri Thursday that Iraq, Iraq will have the bulk of Japan's grant of Iraq and the countries of the Middle East's six billion dollars to support and relief to the displaced and economic development.
A statement from the Office of House Speaker Salim al-Jubouri that "the Government of Japan will launch a new humanitarian aid package worth $ 6 billion for Iraq and the Middle East, Iraq will have the bulk of them to support and relief to the displaced and economic development."
He added that "the responsibility makes it imperative for the international community Tkddam more support and assistance to Iraq in the light of the circumstances and the challenges that passes by and that translates through the results that will come out of the Conference of the seven countries to be held today."
This came within the framework of the meeting between Parliament Speaker Salim al-Jubouri, the Japanese ambassador to Iraq.
subgirl says to rcookie():yep that is a wow! statement... Iraq will get the bulk of the support and relief...
rcookie says():Preliminary approval to grant three billion dollars for Iraq
PM: 12: 52: 26/05/2016 Khandan Khandan - approved by the Islamic Development Bank, initially on soft loans and grants to three billion dollars for Iraq.
Quoted "Reuters" a spokesman of the Iraqi Central Bank on Thursday, said that the Islamic Development Bank gave preliminary approval to soft loans and grants to three billion dollars to Iraq to assist in dealing with the sharp decline in oil revenues.
The spokesman gave no further details. Iraq had agreed with the International Monetary Fund earlier this month on the loan demand worth $ 5.4 billion.
The Finance Minister Hoshyar Zebari said the agreement on May 19, and said that the IMF loan may allow another $ 15 billion in international aid over the next three years.
Iraq's economy has been hit due to the fall in oil prices since mid-2014 showed a document to the IMF obtained by "Reuters" that Iraq is expected to face a funding gap of up to $ 17 billion in the current year is not able to measure more money. The suffering of Iraq's budget also because of the cost of the war against al "Daash" terrorist.
david334 says():Never seen such support for one country it's overwhelming. Brent back at $50 from a $27 low. What giant steps can't imagine the currency will not be adjusted to a fair value. The last piece to set Iraq on it's way. I hope it's soon. Memorial Day would be appropriate.
rcookie says():HERE IS FURTHER CONFIRMATION OF WHAT I STATED YESTERDAY CONCERNING THE CBI STATEMENT ALERTING BANKS OF DISCONTINUANCE 500 EURO NOTE...
rcookie says():Central Bank confirms to withdraw € 500 class of trading in banks
An economy Since 2016-05-26 at 11:55 (Baghdad time) Baghdad – the balance of news
Instructed the Central Bank of Iraq, Thursday, to all banks to be withdrawn from circulation, EUR 500 category stating that citizens can replace them with other categories at the European Central Bank.
The Bank said in a statement received/balance of news "Iraqi Foreign Ministry informed us that its Embassy in Bratislava, in Slovakia to withdraw € 500 class of deliberate decision of the European Central Bank by the year 2018.
He added, "this category given the fact that these came high categories used for criminal acts", stating that "Bill in circulation is legal without restrictions and that citizens can replace them with other categories at the European Central Bank. Over 29/4 e
rcookie says():OIL SURPASSES $50 LEVEL FOR 1ST TIME IN 7 MONTHS AT $50.10...
david334 says():GM rcookie I guessed I missed the significance of the Euro note. What transactions was this note used in ISX . Aligns with issuance of lower denoms? Wasn't part of the dailey auctions. Could you refresh the significance of it's removal? Apologize for being in left field on this one.
rcookie says():IT IS THE CURRENCY NOTE OF CHOICE FOR GLOBAL SMUGGLING..LAUNDERING TERRORISM FINANCING...
rcookie says):500-euro bill, beloved by money launderers, is discontinued
Published May 04, 2016 Associated Press Facebook1 Twitter11 Email Print
A boy puts coins in a tin, bearing the design of a 500-euro bank note, for a performer creating soap bubbles in Monastiraki Square, central Athens, on Wednesday, May 4, 2016. The 500-euro bill is being discontinued after criticism that the banknote had become a handy aid to money laundering.
The European Central Bank’s 25-member governing council made the decision at a meeting Wednesday. (AP Photo/Petros Giannakouris)
A boy puts coins in a tin, bearing the design of a 500-euro bank note, for a performer creating soap bubbles in Monastiraki Square, central Athens, on Wednesday, May 4, 2016.
The 500-euro bill is being discontinued after criticism that the banknote had become a handy aid to money laundering.The European Central Bank’s 25-member governing council made the decision at a meeting Wednesday. (AP Photo/Petros Giannakouris) (The Associated Press)
FRANKFURT, Germany – The 500-euro bill is being discontinued after criticism that the banknote had become a handy aid to money laundering.
The European Central Bank's 25-member governing council made the decision at a meeting Wednesday.
Banknotes currently in circulation will remain legal but will no longer be issued after late 2018.
The ECB said it was "taking into account concerns that this banknote could facilitate illicit activities."
The bills — the biggest denomination for the euro — are rarely seen in day-to-day circulation, and some merchants don't take them. Yet they make up around 30 percent of the roughly 1 trillion euros ($1.15 trillion) in circulation and have turned up in money-laundering investigations.
A million euros in 500-euro bills weighs 2.2 kilograms (just under 5 pounds) and fits in a laptop bag.
david334 says():Okay interesting. Is that because it was a large float relative to the other denominations and didn't attract attention?
david334 says():Like $10 notes versus $100 notes
david334 says():Got it. I should read before I ask my questions. Thanks
david334 says():The breadth of your knowledge is pretty incredible.
david334 says():I would think that the rating agencies would increase or initate a credit rating close to investment grade forthe $2 billion euro bond offering. Add to that a US partial guarantee and a 6% to 8% coupon the demand is more like four or five billion.
david334 says():Great pair trade short treasuries go long the new issue.
rcookie says():HERE IS THE BACKGROUND BEHIND THE RECENT NEWS OF BILATERAL SPEEDY VISA AGREEMENT BETWEEN TURKEY & IRAQ...
rcookie says():Large Turkish temptations Iraqi investors with equality of Gulf
Twilight News Turkish government / Iraqis seeking to attract investors by offering facilities similar to those that have already been granted to men Gulf Business.
Turkish local newspaper reported on Thursday, the head of Turkish Exporters Council, Mohammed Buick Akshay, that the Council recently a cooperation agreement with the Turkish Foreign Ministry was signed, in order to facilitate Iraqi businessmen obtain a visa to enter Turkish territory.
13 federations and raise Turkey's exporters, a petition to the Turkish Foreign Ministry, calling for facilitating the entry of Iraqi businessmen to Turkey, the ministry will take appropriate action to give them a visa, a day after the introduction of them.
And prepares new resolution ground to take advantage of the Iraqi capital, after the government's decision, the beginning of February the past, and it would tighten access of Iraqis to visa their territory, after it was granted to them in airports, ports, land border, within the framework of Turkey's EU agreement aimed at reducing the flow of refugees to Europe through the Turkish territory.
It seems that the crisis experienced by the Turkish economy, as a result of internal political tensions, and the involvement of Turkey in regional crises, in addition to the escalating violence by the war with the PKK in the country's east fighters, and the sanctions imposed on the Turkish economy by Russia, all of those reasons prompted Ankara to work to intensify to attract foreign capital, mainly the Arab.
Previously, the Turkish government provided great facilities for investors in the Gulf Cooperation Council (GCC), as have benefited from a series of laws for foreign investors; and especially the law of late 2012, which allows foreigners to own land and property without the requirement of residence in the country, were not Turkish laws allow foreign investors to buy property except in the case to allow the Turkish business people to purchase property in the countries of those investors.
It has already been announced that the Turkish government to provide facilities and features a private Saudi investors, who are interested in investing in the field of industry in Turkey; Kalaafa tax and customs, land free, and soft loans.
And it turned the attention of Arab investors in general to invest in Turkey, against the backdrop of unrest in the Arab Spring countries, which has been for decades, a habitat to attract money, but the repeated crises experienced by the Turkish economy in recent months has made a lot of foreign investors are rethinking their projects in Turkish territory