Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Thursday Early PM Chat 3-17-16 Part 2 of 3
SoonRV says():An investment is an asset or item that is purchased with the hope that it will generate income or appreciate in the future. In an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth.
SoonRV says():wmawhite ...IMO...most of what you are seeing taking place in the news articles, such as the PM reforming the GOI, is the building of the institutions that will make Iraq successful many years into the future. Without them, Iraq will not grow.
These are very good changes that must take place. However, they are not the primary indicators that are taking place that the IMF is assisting the CBI/GOI with that will be about what we are looking for.
The IMF stated what they expect to happen....also, the Technical Letter of Intent is very detailed in what it lays out and in there, there is nothing that says anything about where Maliki is living nor who the current or present Governor of the CBI is.
SoonRV says():wmawhite [...an article say(s) the Secretary General of the UN and the President of the World Bank were visting the Iraqi Parliament. Isn't that unusual protocol?] I do not believe it is normal for the heads of the World Bank and the UN to just drop in and visit the Iraqi Parliament.
These are very busy people. However...this lines up with what the IMF told the world about Iraq. [could iraq be near the end or close?] If you were a senior in school and at the end of October 2015 you were told that you will graduate during the 1st half of 2016...would you think that you were close today to graduating? The key here is "1st half of 2016"...
tparkinson says():I read yesterday that the UK was changing their long term capital gains from 28% to 20% , is that true and will it also apply to the US long term capital gains?
larrykn says to tparkinson():sorry I have no idea
jeffusa says():17/03/2016 Central bank - Iraq will receive substantial financial support soonRoudao –
Arbil confirmed the Governor of the Central Bank of Iraq, on the Keywords, the use of the term bankruptcy to describe the current economic situation in Iraq is not appropriate, expressing confidence in obtaining substantial financial support soon.
Keywords and said while participating in Sulaymaniyah Forum, ” The use of the term bankruptcy is not suitable but following the wrong policies could lead to a political failure, “adding , ” we have to learn the lesson and do not restore our mistakes again. ”
He said the central bank governor said” the preparation of the budget in foreign currency requires adherence to certain global rules, “following up” there are financial dominance followed negative political hegemony over the work of the Central Bank. ”
jeffusa says():He explained that” the Iraqi government has spent 7 trillion dinars since the beginning of the year , “pointing to” the allocation of four trillion dinars to provide the employees ‘ salaries. ” He said that” a large proportion of government expenditures come from external sources and this imbalance must be treated , “pointing out that” must be on the central bank to keep the exchange rates at a certain level. ”
he went on Keywords saying , ” there is a problem, but the financial capacity of Iraq are good and we are able to pay salaries , “stressing that” there is $ 30 billion in various accounts of the Iraqi ministries . ”
jeffusa says():He stressed the need to” create a unified account of all ministries in order to facilitate the control of , “and expressed confidence that” Iraq will happen in the coming months on substantial financial support. ”
Iraq has been suffering from a severe economic crisis following a drop in oil prices since 2014 , military and prohibitive costs of the war on the “Islamic state” Daash which controlled large parts of the country, as well as the displacement of millions of citizens from their areas because of the fighting. rudaw.net
CanTWaitwoRV says to SoonRV():yes I agree. For the World Bank/UN to show up on the 26th is no mere coincidence...IMF/WB/BIS all the big boyz
CanTWaitwoRV says to SoonRV():as a deenar buddy said to me earlier.."PTB either already there or are inbound to Iraq for economic solution implementation. Very HUGE to say the least."
CanTWaitwoRV says to SoonRV():obviously in his opinion and my opinion...but way too ironic and we know the role of all 3 agencies and how they work together
CanTWaitwoRV says():Najib: No economic reform without political reform and provide security 17/03/2016 12:52 Conscious / Najib: No economic reform without political reform and provide security
Conscious / Baghdad / S.v Confirmed a member of the Kurdistan Alliance parliamentary bloc Najiba Najib Thursday, you can not make or achieve economic reforms, but the existence of political reforms and provide a valid security environment.
Najib said in a statement transferred reporter (news agency , media / INA) , the reforms presented by Prime Minister Haider al - Abadi to the political blocs, which included the paper very good economic reforms.
She added, that he can not achieve and implement economic reforms and paper without achieving political and security reforms, and requires the presence of good intentions of all the political blocs towards paper comprehensive reforms.
CanTWaitwoRV says():it seeks Prime Minister Haider al-Abadi to form a government of technocrats having gone to parliament, earlier, to ask for authorization to conduct a thorough reshuffle within the political and economic reform launched by the project.
CanTWaitwoRV says():Kurdistan Alliance: economic reform is linked to political reform
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CanTWaitwoRV says to subgirl():feeling pretty good over here how are you doing? :)
CanTWaitwoRV says to subgirl():lotta"unification" conversation going on in Iraq...me likey
subgirl says to CanTWaitwoRV():yes there sure is! WOW! it is very exciting to hear about... :) the word UNITY is a good sign!
CanTWaitwoRV says to subgirl():" economic reform is linked to political reform"
CanTWaitwoRV says():Ba Ki Moon United Nations Flashback on Iraq released from some/most of the sanctions 2013
CanTWaitwoRV says():UN Security Council eases some sanctions on Iraq over 1990 invasion of Kuwait 27 June 2013 – Welcoming progress on resolving pending issues from Iraq’s 1990 invasion of its smaller neighbour Kuwait, including finding Kuwaiti or third-country nationals, the United Nations Security Council today eased some of its sanctions against Iraq.
CanTWaitwoRV says():"Further, the resolution also requests that Secretary-General Ban Ki-moon consider designating the deputy chief of UNAMI covering political affairs “with the responsibility for overseeing these issues and ensuring appropriate resources for this purpose.”
Immediately following the action in the Council chamber, Hoshyar Zebari, the Foreign Minister of Iraq, who had attended the meeting, hailed the decision as an “historic landmark” in relations between his country and Kuwait."
B_Dee says():There’s an old superstition that when your palms itch it means money. An itching left palm means money to be paid out, while an itching right palm is money coming in. To stop the left palm from itching, the superstition says to rub the palm on a piece of wood
CanTWaitwoRV says():He told reporters that the resolution was making “Chapter VII a thing of the past and… concentrating on the present and the future.” Both countries were cooperating in good faith and managed to close all the files on Chapter VII issues.
CanTWaitwoRV says():same Ba Ki Moon showing up in Parliment next week
CanTWaitwoRV says():so we can see Ba Ki Moon iinfluence in the past and present as it pertains to Iraq
CanTWaitwoRV says():and now we wait for the sanctions to be released off the currency...hmmm what ya say imf/wb/bis/un/coaltion 8-|
rcookie says():WE HAVE A BUY ALERT ON IRAQI BONDS....
rcookie says():ANYONE TALKING ABOUT...HAVENT HAD A CHANCE TO READ CHAT LOGS....
CanTWaitwoRV says to rcookie():dunno only been in a few min myself
rcookie says():BONDS AT 65.57 CENTS TO THE DOLLAR AND 12.55% YIELD...COMPARED TO 8.98% OF OTHER OIL EXPORTING SOVERIGNS......
rcookie says():BUY ALERT 2028 BONDS....
RickeyT says to rcookie():would that translate to an increase in the dinars value?
RickeyT says to rcookie():65.57 cents.....to the dollar....
willie60 says to rcookie():Would you explain to the room why the buy alert is such a good thing?
djmckaytx says to rcookie():Whoa...what is the denomination in dinar of these bonds?
RickeyT says to rcookie():30 cents would tickle me
rcookie says():NOT DIRECTLY BUT INTERNATIONAL OUTLOOK TO IRAQS CURRENT AND LONG TERM
SoonRV says():Central bank: Iraq will receive substantial financial support soon
rcookie says():Is it time to Invest in Iraqi Bonds?
March 17, 2016 Investment , Iraq Banking & Finance News
Boutique investment bank Exotix Partners has issued a "buy" alert on Iraqi benchmark US-dollar 2028 bonds on Tuesday, following a "sell" notice in September.
The company says: "It seems that an extra level of country risk is being embedded in Iraq specifically, perhaps because the market views its debt as unsustainable. Having once traded at only a small discount to other commodity exporters, the 2028s are now over 200 basis points wide of our basket. "
The bonds were trading at a cash price of 66.57 cents to the dollar (12.55 percent yield) on Tuesday, compares with an average yield of 8.98 percent for other oil-exporting sovereigns in Exotix's universe, according to a report from CNBC.
They reached an all-time low in December 2008 of around 42 cents to the dollar, and made a partial recovery from a recent low of roughly 59 cents in mid-January 2016.
rcookie says():Exotix sees "fair value" close to 75 cents with a yield of 10.6 percent.
clay says to rcookie():hey buddy thanks
rcookie says():PROBABLY ALREADY BROUGHT IN AND TALKED ABOUT....