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Dinar Updates Thursday AM Chat 6-23-16 Part 2 of 2
rcookie says():IMF: Britain's exit from the European Union will boost the dollar
An economy Since 2016-06-23 at 08:20 (Baghdad time)Follow up-scales news
Director of the International Monetary Fund, said Christine Lagarde, probably Britain's exit from the European Union, will enhance the value of the national currency ".
Lagarde said that "Britain's possible exit from the European Union will have some impact on the economy of the United States. For example, affect trade, but more on financial assistance, this is the real impact. "
Her comments came as identical to the concerns expressed by the Director of the US Federal Reserve system, Janet Yellen, earlier, and that funders will use the dollar as "port lifeboat" acceleration of financial flow conversion to dollars and will increase the demand for dollars to raise its value to other currencies, which makes American goods not competitive compared to other countries goods in world markets.
The British will travel Thursday to cast ballots in the referendum on the survival or exit of Britain from the European Union, which has a membership of 28 States, amid warnings by world leaders, investors and companies to reduce Britain's influence, exit decision on political and economic levels, and could cause turmoil in the markets, it will have effects throughout the Western world. over 29/4 e
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rcookie says():WEATHER IN UK IS HAMPERING AND AFFECTING BREXIT VOTE TURNOUT...
subgirl says():The British will travel Thursday to cast ballots in the referendum on the survival or exit of Britain from the European Union, which has a membership of 28 States, amid warnings by world leaders, investors and companies to reduce Britain's influence, exit decision on political and economic levels, and could cause turmoil in the markets, it will have effects throughout the Western world.
rcookie says():KURDS MAKE 2ND PAYMENT ...THIS ONE $24.2 MILLION TO NORWEIGIAN OIL COMPANY DNO....PAYIN DOWN THOSE ARREARS!!!!!
wmawhite says to rcookie():directly out of the LOI.................eliminating exchange restrictions.......
rcookie says():OK....SO WE HAVE METICULOUSLY DOCUMENTED THE PARTNERSHIP AND COOPERATION OF TECHNICAL ASSISTANCE ON PROJECTS AND INITIATIVES WITH INT'L AGENCIES LIKE THE WORLD BANK AND THE RECONSTRUCTION AND PRIVATIZATION OF THE 2 SOB'S AND 192 SOE'S ON GOING SINCE 2006...
wmawhite says():Folks,...this is an example of a country "staying compliant" with the obligations of Artcle 8. Instead of being or not being Article8, instead it is a matter of "how compliant" a country is. Remember, the new 16 year old driver? How experienced is he/she?
rcookie says():HERE IS ANOTHER ...AS IRAQ IS ADDRESSING THE POVERTY NUMBERS (ANNOUNCED YESTERDAY AT 23% WITH 3% POPULATION GROWTH) AND NEED OF DEVELOPING AND IMPLEMENTING A NATIONAL STRATEGY TO ADDRESS.....
rcookie says to larrykn():THE COMMITTEE IN CHARGE OF INVESTIGATING THE OIL LICENSING CONTRACTS IS ABOUT TO BRING CHARGES AGAINST THE ACCUSED....
rcookie says():SYRIAN OIL SECTOR LOSES $2 BILLION IN LAST 3 MONTHS....
rcookie says():Parliamentary Finance: continued high oil prices will enable Iraq to overcome the financial crunch
23-06-2016 10:10 AM Parliamentary Finance Committee expressed its hope that Iraq can overcome the financial Dhaigueth for this year if oil prices continued on the $ 50 a barrel.
He said the decision of the 'Brent different from the Iraqi price of seven dollars to the lack of light and heavy, where light is different from five dollars and heavy about nine dollars and average seven dollars type' noting 'if it has reached the price of oil to $ 52 for Brent or $ 51 for crude Texas Iraq Visttia that sold as set by the budget of $ 45 '.
He added that 'the month of May exports totaled 2.9 million to 3 million barrels per day at an average price of $ 37 a barrel. "
He noted that 'in the case of Iraq remained on this export will pass peacefully this year of financial distress' noting that 'Iraq needs to increase Erdath through taxes and other sources.'
The Oil Ministry announced on Tuesday reduced Iraq's oil exports during the month of May, reaching 99 million and 200,000 barrels less than the 1.716 million barrels from the total exports for the month of April the previous year and amounted quantities 100.916 million barrels.
But revenue in May was the highest since the beginning of 2016, according to the ministry reaching 3 billion and 748 million dollars' noting that 'the price per barrel averaged $ 37.'
Iraq is going through a financial crisis due to falling oil prices, which constitutes 90% of the public budget is paid to borrow from the International Monetary Fund and the World Bank and earned them about $ 15 billion received by over three years.
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rcookie says():"Document" Finance Minister issued a ministerial order appointing directors of the Rafidain and Rasheed
"Document" Finance Minister issued a ministerial order appointing directors of the Rafidain and Rasheed
23-06-2016 03:58 PM Hoshyar Zebari, the Minister of Finance in the government, issued on Thursday a ministerial order, based on the powers granted to them legally, set Khawla student Jabbar al-Asadi, the post of general director of Rafidain Bank agency.
He also ordered to appoint Rashad Khudair single Daini post of Director General of the Rasheed Bank and the agency.
rcookie says():SO....WE HAVE NEW DIRECTORS OF RAFIDAIN AND RASHEED BANKS APPOINTED BY MoF ZEBARI...........
subgirl says to rcookie():talk about cleaning house!!! WOW!!! new directors!!!
rcookie says to MrsBGG():AND WHY IS ZEBARI APPOINTING THESE NEW DIRECTORS?..........
subgirl says to rcookie():rid of corruption and move forward!!! :) iMO
subgirl says to rcookie():choosing ones who know what they are doing too!!
rcookie says():REMEMBER...ABADI JUST CLEANED HOUSE LAST WEEK...
rcookie says():BUT WHY IS ZEBARI ANNOUNCING THE NEW DIRECTORS...
rcookie says():COME ON DU......
larrykn says to rcookie():one has to wonder :D
rcookie says():BECAUSE.....WHO OWNS RAFIDAIN AND RASHEED BANKS.....
larrykn says to rcookie():the state
larrykn says to rcookie():sob
rcookie says():YES BUT WHO IN PARTICULAR OWNS THE 2 SOB'S....
rcookie says():THE MINISTRY OF FINANCE.......
larrykn says to rcookie():you think they are in a hurry to get the banks ready to go
rcookie says():YES...ITHINK THEY ARE BEING POLISHED AND STAGED FOR A REVEAL...
subgirl says to rcookie():WOW!!! :)
angus says():thanks for all of the wonderful new!
Okie Dinar says():Awesome!
angus says():that was for you rcookie :D
larrykn says to rcookie():I just love the way you think :)
rcookie says to angus():YVW!!...GM ANGUS..
angus says():GM to you also!
rcookie says():Parliamentary demanding an investigation into corrupt contracts concluded by the Ministry of Trade with the UAE companies
: Political landscape sectionViews: 1050Published on: Today, 13:59 BAGHDAD / Sky Press: Mary finest
Demanded the MP for the reform front, high Nassif, on Thursday, Prime Minister Haider al-Abadi and the Integrity Commission, to verify the contracts for foodstuffs concluded by the Ministry of Commerce with a group of companies, including companies, "Handal of the" United Arab Emirates in Dubai.
Nassif said in a statement, received by "Sky Press," that "there is information and documents confirming that some food contracts were kickbacks large amounts of money from some quarters for its conclusion, including the contracts concluded with a group of companies Al Handal in Dubai."
"The prime minister and head of the Integrity Commission bear the responsibility for the Iraqi people money stolen through these contracts if tolerated, and we hope to be spoilers accounting at the right time rather than letting them loot public money and leave their posts and are wealthy to enjoy in it abroad."
It is said that the Ministry of Commerce marred by many of the suspicions of corruption on the duration of 13 years ago, while on the track referred several senior ministry officials to integrity courts, and many of them were convicted on charges of financial and administrative corruption.
Josie says():BGG or RCookie, are you up for a quick question ?
larrykn says to Josie():don't think there here right now but you can ask maybe one of us can help :)
Josie says():Awhile back, (3 weeks or so?) there seemed to be quite a few articles referencing updating Iraq's credit rating. I haven't seen any since. I don't remember seeing any dates associated with when the new rating might be calibrated or released.
Is a new better credit rating an important and additional piece of the puzzle comimg together or non consequential. ?
larrykn says to Josie():I don't think their credit rating as anything to do with what we are looking for, they have gotten everything they need done, we are just waiting on the courts to rule on that issue they had back in April and then parliment to pass and amend those laws need, after that the game is on :)
clay says to Josie():GM Im with you
clay says to Josie():havent seen anything on it since
clay says to Josie):Larry is right all is done w/IMF to get their loan
Josie says to clay():ok thank you for your time
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