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Dinar Updates Thursday PM Chat 6-23-16 Part 2 of 2
chickadee says():where is the article at on article about the statement by Citibank and the TBI I been looking and cant find it
wmawhite says to chickadee():Iraqi trade talks with Citibank to develop relations
– June 14, 2016 Iraqi trade talks with Citibank to develop relations
BAGHDAD - Qusay, Monzer Search Director General of the Trade Bank of Iraq, Faisal Sam Alheims with Conception Flannery, Managing Director of the Office of Citibank in Iraq examine how which will develop and strengthen banking relations and financial exchanges between Citibank and the Trade Bank of Iraq, as well as lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world).
He said a statement received (time) yesterday that (the meeting between the two sides is part of the bank's policy of developing relations with major international banks and financial institutions around the world and the recruitment and use these relations to serve the customers the bank and the provision of advanced banking services on a global level and to meet the development and reconstruction requirements the reconstruction of areas affected by the terrorist attacks). http://www.azzaman.com/?p=166234
wmawhite says to chickadee():exchanges between Citibank and the Trade Bank of Iraq, as well as lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world).
Elane says to wmawhite():Thats pretty darn cool!
JETSET says to wmawhite(]:this is gettng really exciting!
chickadee says to wmawhite():thank you
willie60 says to wmawhite):That short article ought to put to rest the argument that Iraq is trying to hide this their entry into the global markets.
willie60 says to wmawhite():And thank you for that.
magnetlady says():There ya go chicadee that should have answered your question. (smile)
wmawhite says():here is a review of earlier news:
6-23-2016 rcookie : THE REPORT THE OTHER DAY ON EU LINED UP FOR BASRA AND NOW... Article: "Baghdad confirmed its success in attracting international companies to implement investment projects..." GUESS THERES NO NEED FOR SPECULATION ON WHETHER INTERNATIONAL COMPANIES ARE CUED UP TO DO PRIVATE SECTOR BUSINESS IN IRAQ...
Hutch says():Sounds like confirmation to me...
wmawhite says():Combined this with such news as the Citibank/TBI talks and the Bahrain Bank buying up additional shares of the TBI. If this doesn't get you exacted........then hang up and call 911!!!!!
cjquade54 says():is this Brexit vote binding or ..... ?
drbee99 says():Cjquade54--After the public vote today, if they should vote to exit the EU, the UK parliament in Westminster would have to rectify the votes before it can become legally binding on the UK to exit the EU.
Dinarian1 says(): GE All! Here is a bit of news I thought some might find interesting...
Chinese banks warn of currency market risks ahead of Britain referendum:
Chinese banks warned clients against taking large positions in the currency market, and plans to take temporary measures to tighten up foreign exchange trades today when the market may experience huge volatility during the referendum on whether the UK should remain in the European Union or leave.
Lenders including Bank of China, Agriculture Bank of China, China Citic Bank and China Merchants Bank said they plan to control the price difference of currency quotations, and even cap the maximum amount of transactions on currencies that could gyrate and liquidity dries up.
Those measures will be activated during the period from June 22 to June 25, and be halted after the market calm down next week, according to notice issued separately notice on lenders' official websites today.
In recent weeks, worries that a British exit from the EU will stoke global economic uncertainty has roiled financial markets, spurring wild swings in the pound, euro, yen and other currencies and pushing banks to warn of more volatility to come.
"If the UK votes to leave the EU, the pound and euro could slump while funds will flow to buy yen and bullion to hedge," a forex trader at Bank of Shanghai told Shanghai Daily.
The vote on "Brexit" could cause sterling to fall by as much as 20 percent, according to HSBC, and may rise as much as 4 percent if Britain decides to stay, ING estimates.
hummingbird says():Any word on Brexit ?
daytrader says to hummingbird():10.7% of the vote in. Leaving up by 5.4%
Robl says():Markets down over 300 points and No answer on Brexit.... very close race.
daytrader says to hummingbird(8:31 PM): Just updated Brexit numbers. 13.4% reporting, Staying now up by 1.4%
daytrader says to hummingbird():Final results are expected to be in about 2am Eastern.
da58 says(10:22 PM):ANYONE WATCHING THE FUTURES MKTS? WOW...
subgirl says to da58(10:23 PM):nope where do you watch it at??
da58 says(10:23 PM):fox bus... or bloomberg.. this brexit is amazing to watch guys
da58 says(10:23 PM):Fox Business Channel
subgirl says to da58(10:23 PM):oh cool! thanks!!
da58 says(10:24 PM):Dow Fut down around 500... sterling pd lowest since 85..
soulwarrior says(10:28 PM):it's the Brexit results, I think da58...certainly appears 'leave' is going to win at this point :O
soulwarrior says(10:31 PM):really is fascinating to watch...watching it on C-Span from iTV's coverage
flint says(10:35 PM):good time to ivest in the pound?
subgirl says(10:37 PM):what does this all mean?????? Brexit
subgirl says(10:38 PM):does anyone understand that???
da58 says(10:38 PM):THIS IS BRITAIN LEAVING THE EUROPEAN UNION.. going on their own.
da58 says(10:38 PM):HISTORY
subgirl says(10:38 PM):wow! thank you is that good or bad???
da58 says(10:38 PM):this is huge.. globally - a gigantic move for them
da58 says(10:39 PM):who knows! I dont know..
soulwarrior says(10:39 PM):truly amazing stuff....anti-establishment voices speaking rather loudly
subgirl says(10:39 PM):so they are on their own??
subgirl says(10:39 PM):not a part of the EU??
da58 says(10:39 PM):IF the final vote is to exit, they will leave the EU
subgirl says(10:39 PM):Does that have any bearing on Iraq? or USA?
flint says(10:40 PM):Scotland may leave the UK soon
da58 says(10:40 PM):it's been quite the speculation lately in the financial circles. very interesting
subgirl says(10:40 PM):THis is breaking news!!!!
da58 says(10:40 PM):YEP SURE IS SUBBY
da58 says(10:40 PM):final results early in morning
subgirl says(10:40 PM):WOW wonder what that means to their money??
da58 says(10:41 PM):wow - the bbc has just called it! TO LEAVE
soulwarrior says(10:41 PM):C-span did too, da58
Elane says to _firefly_(10:41 PM):the HSI was 900 in the red
Elane says(10:41 PM):the HSI was 900 in the red
R&R says to subgirl(10:43 PM):Leaving the EU, the pound will be weaker in the near term. This is good for USA as the dollar is stronger and British imports are cheaper. Good for British exporters too. Not so good for Britons, as the weaker pound makes everyday living more costly
subgirl says to R&R(10:45 PM):thank you for the explaination!!!
R&R says(10:46 PM):Bloomberg UK reporting that the probabilty of Brexit is now at 97%, up from 90% a few hours ago...
mudcat says(10:46 PM):too bad we don't have our cash now..tomorrow will be a good day to buy stocks cheap
mudcat says(10:47 PM):Major British TV called it already It's a done deal
BGG says(11:06 PM):This isn't over... but the Brits leaving is a major shake-up.
Elane says(11:09 PM): [6/23/16, 9:05:14 PM] Princess DD: wow the the asian markets are crazy
[6/23/16, 9:05:34 PM] Princess DD: HK is - 1040.00
[6/23/16, 9:05:48 PM] Princess DD: Neikki is down 1098
BGG says to subgirl(11:10 PM):The Brits want to leave for the same reason Trump wants to do what he talks about - it is a conservative "isolationist" strategy.
BGG says to subgirl(11:10 PM):I think it is a MAJOR mistake. However, they have to do for their own.
BGG says to subgirl(11:11 PM):and I am concerned this unrest will start a downward cascade.
BGG says to subgirl(11:12 PM):Our dollar may well be stronger for a while.
BGG says to subgirl(11:13 PM):but this is not good (for the world).
subgirl says to BGG(11:13 PM):this is a major thing... and breaking news on cnn/fox...
BGG says to subgirl(11:13 PM):for us - on the other hand... it may be OK.
subgirl says to BGG(11:13 PM):how about for the dinar?
BGG says to subgirl(11:14 PM):probably still good.
subgirl says to BGG(11:14 PM):oh good...
watson1 says to BGG(11:14 PM):WILL this cause a problem for us and our investment in the dinar
JETSET says(11:15 PM):why do you think it is a good thing for them to be in the EU?
BGG says to subgirl(11:15 PM):same same...
BGG says to JETSET(11:16 PM):it matters little what I think... they have voted.
JETSET says(11:16 PM):you said it was a major mistake... i'm just wondering why.
BGG says to JETSET(11:16 PM):However, since you asked...
BGG says to JETSET(11:17 PM):alliances are always good.
BGG says to JETSET(11:17 PM):can never have too many friends.
BGG says to JETSET(11:17 PM):and if this were such a good thing -
BGG says to JETSET(11:18 PM):why are all the markets reacting like it's radioactive??
JETSET says(11:18 PM):do you think it is a good thing for the US to be in the UN?
BGG says to JETSET(11:19 PM):of course, markets generally react badly to unrest of all flavors...
JETSET says(11:19 PM):exactly.. there will certainly be unrest.
watson1 says to BGG(11:20 PM):what about our dinar
BGG says to JETSET(11:21 PM):I think there are a number of steps between here and there.
JETSET says(11:21 PM):anyway, it is pretty cool that we can watch a live feed of the british news right now.
BGG says to watson1(11:22 PM):like I said - I think this is still all good.
JETSET says(11:22 PM): http://video.foxnews.com/v/4982815470001/tony-blair-reacts-to-brexit-decision-to-leave-eu/?#sp=show-clips
Elane says(11:32 PM):Neikki just dropped to 1333.25 HSI down 992.48
da58 says(11:34 PM):dow down 700 on opening..
subgirl says to da58(11:36 PM):WOW down 700:
subgirl says(11:44 PM):15 min. left
subgirl says(11:51 PM):10 min.
lee4 says(11:52 PM):TY Ladies !!! GN Momentous times that we live in !!!
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