Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Tuesday AM Chat 6-21-16 Part 2 of 2
rcookie says():HERE IS SOME MORE EVIDENCE OF THE OIL COMPANIES BEING PAID...AND REMEMBER THEY HAVE TO THE END OF 2016 TO GET ALL THE OIL ARREARS RESOLVED...
rcookie says():FROM ANGELEYES...
Genel Energy announces receipt of payment for KRI oil exports from Taq Taq field
21st June, 2016
Genel Energy plc announces that the Taq Taq field partners have received a payment of $10 million from the Kurdistan Regional Government for oil sales during May 2016.Genel's net share of the partial payment for May 2016 Taq Taq oil sales is $5.5 million.The payment reflects part settlement of the invoiced amount of $25.16 million for May 2016 Taq Taq oil sales.
This figure incorporates $21.02 million towards contractor monthly entitlement and $4.13 million towards recovery of historical receivables. The balance of the May 2016 invoice is expected to be paid shortly.Gross oil sales from... LINK:
subgirl says to rcookie():they are moving forward!!! :)
larrykn says():Oil prices fell on Tuesday after strong trading over two days in light of increased volatility in part because of anticipation referendum conducted in Britain this week, determines whether emerge from the European Union or not.
Media reports also led the Nigerian government signed an agreement for a cease-fire 30 days with militants who have caused their attacks in the reduction of the country 's exports of crude oil to the market downturn , which has already improved on the back of supply disruption.
It was trading global London Brent crude futures for August delivery at $ 50.23 a barrel , down 42 cents a barrel. The contract increased by more than six per cent compared with the settlement on Thursday after falling ten per cent in the previous six sessions.
US crude futures fell in July 45 cents delivery to $ 48.92 a barrel. Fell futures for August delivery most actively traded 40 cents to $ 49.56 a barrel. The contract rose nearly 3 percent to $ 49.96 a barrel on the settlement Monday.
Two polls Monday showed that the camp supporting the survival of Britain in the European Union has gained some strength after the death of a parliamentarian in favor of staying in the EU, although the survey Third opinion showed a slight lead for the pro camp out of the Union.
It fell Saudi Arabia 's crude oil exports in April , despite high production levels, suggesting that war with shale oil producers in the United States market share continues.
With the rise in oil prices 30 per cent since the beginning of this year shale oil producers in the United States looking to increase production and proved once again that they have the flexibility to exceed the expectations of Saudi Arabia and other OPEC members.
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larrykn says():CBI reported sales, on Tuesday, a decline in the auction for the sale of foreign currency, sold $ 144 million after it sold $ 145 million yesterday.
According to a statement of the bank, that ' the size of the amount sold today reached 144 million, 400 thousand and $ 457, priced at 1182 dinars to the dollar exchange rate, with the participation of 33 banks and 16 financial companies transferable'.
He pointed out that ' the amount of remittances and credits totaled 119 million, and 904 000 and $ 804, while the quantity sold was 24 million in cash, and 858 thousand dollars.'
The statement said that ' the sale amounts transferred to accounts in banks abroad be priced at 1190 dinars per dollar, and the cash sales price shall be the price of 1182 dinars per dollar. "
The face of the Iraqi Central Bank, last week, licensed banks and money transfer companies , broker for the sale and purchase of foreign currencies by reducing the quantities of all foreign selling of US dollar currency for those wishing to travel outside the country.
And select the bank to these entities 'sale amount of $ 3000 instead of 5000 dollars for citizens wishing to obtain a dollar to cover their expenses abroad.'
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larrykn says():June 21, 2016 14:42 Direct: general index of the Stock Exchange of Iraq ended the trading session on Tuesday at an altitude of 0.81% for the third consecutive day, to a level Al513.41 points to win 4.10 points to its value.
It was treated at 1.094 billion shares, valued at 768.45 million dinars, distributed over 469 transactions.
Issued gainers Tigris and Euphrates Bank by 9.09%, as the Iraqi Investment Bank rose by 7.14%.
In contrast, the losers Gulf Insurance shares issued by 2.78%, and the Asia-Cell Telecom dropped by 1.12%.
The general index of the Iraqi market for securities trading closed Monday , a rise of 0.73% a winning 3.70 points, reaching the level of 509.31 points.
rcookie says():Planning Announces may inflation index down 0.3% annual rise by 2.5%
June 21, 2016 Central Bureau of statistics announced on Tuesday, the Ministry of planning, low inflation during the month of may by 0.3%, while the annual rate rose 2.5%, indicating that the survey did not include the three provinces are Anbar, Salahuddin and Nineveh where security conditions.
The spokesman said the Ministry of planning, Abdul Zahra Hindawi in a statement seen by our agency newsletter, that "the Central Bureau of statistics of the Ministry of planning report was completed inflation for may 2016 based on field data collection on prices of goods and services comprising the consumer basket of selected sample of outlets in all provinces of Iraq, noting that" these rates calculated from goods and services, including food, rent, transportation and communications, health and education, other than one owned by the consumer.
Hindawi said that "inflation index for may dropped to 0.3%, which was affected by a number of indices drop partitions including food and non-alcoholic beverages sections (2%)," Noting that "the decline of the food section was the result of lower z bread and cereals Group (0.1%) From the previous month, low meat Group (0.5%) From the previous month, adding to the low fat Group (0.1%) From the previous month, and a vegetable (8.9%).
Hindawi said that "the annual inflation index compared to may 2015 rose by 2.5 per cent", explaining that "this height came because of the contrast between sections and services prices as some saw a decrease and others was high."
Hindawi pointed out that the survey was conducted during the month of may did not include the three provinces because of the security situation in these provinces, "he said, adding that" the provinces not covered by the price survey included Nineveh, Salahuddin, Anbar. "
rcookie says):SO...MAY INFLATON NUMBERS...AND NOT..DO NOT INCLUDE ANBAR..NINEVEH AND SALAHUDDIN PROVINCES..
rcookie says):AUCTIONS AT $144 MILLION....
da58 says to rcookie():did you find it interesting how they kicked the increased tariffs only 10days? when did iraq kick anything only ten days... and - also interesting is them coming out with increased capitalization for 'june 30'.. not july, not august.. june 30... man - I'm with white and you on this - anyone who isn't excited just doesn't have a pulse!
SRW says():With all the recent news that is being brought to us this morning. Is there a possibltlity DU will have a forum newstime tonight? Thank you for all the great news reporting!
larrykn says():newtime with Rcookie and Mr. White is M-W-F. BGG is Tues and Thurs. and Md is left open for Sunday
rcookie says():Zebari said the Economic Affairs Committee, with the exception of draft national card and a security cordon of postponement
June 21, 2016 0 0 Financial Minister Hoshyar Zebari Economic Affairs Committee with the exception of draft national card and the security cordon of the postponement.
According to a statement by the Ministry received our agency newsletter, "Economic Affairs Committee held its eighth meeting Tuesday 21 June 2016, headed by the Minister of finance and Planning Ministers Hoshyar Zebari participation, agriculture and the Governor of the Central Bank and Chairman of the National Commission, llastthmaromschar Prime Minister for Economic Affairs and Director General Secretariat, legal service and explore and discuss except national security cordon card project delay to their importance from a security standpoint."
"The meeting discussed the draft life hospital in Diwaniyah, as well as a project addressing water shortages in Basra from the counselors.
The statement noted that "during the meeting to discuss ways to address the economic and financial crisis by implementing actions to maximize the resources of the State to overcome the financial crisis."
rcookie says():LOOK AT WHO WAS AT THIS ECONOMIC AFFAIRS COMMITTEE MEETING TO DISCUSS THE NATIONAL CARD PROGRAM...
rcookie says():AND THE LATTER ISSUE....WITH WHAT WE KNOW IS GOING ON IN BASRA...THERE IS NOOOOOOOOOO WAY THAY ARE NOT GOING TO MAKE SURE WATER SWHORTAGES ARE NOT IMMEDIATELY ADDRESSED!!.....
rcookie says():Selim Jabouri: calls for amending the law of private banks
June 21, 2016 5. Invited speaker Selim Jabouri, to amend the law of private banks in line with developments in the stage, with students forming a financial court capable of resolving problems with banks and stakeholders, the Government's financial adviser said about high levels of poverty to 23 after the exodus of a large number of citizens, while the Central Bank revealed about pumping large sums to buy Treasury remittances to cover expenses of the Ministry of finance.
Jabouri said his Iraqi banks Association Conference in Hotel Babylon Baghdad, the economic elite is decision and be most effective in situations of crisis and feasibility, I hope that this produces a clear vision and meeting new about our solutions we are going through, adding that it's important to have that very important civil banking sector and to realize its importance and necessity.
He added that complications which passed us you didn't give us the opportunity to work together to develop a roadmap pay towards activating the role of civil banks to support the national economy and strengthen the capacity of Iraq to adjust economic pace, stressing that it is watching with interest the many problems between the Government and private banks on the one hand and between them and the Ministry of Finance on the other.
And the House speaker, that these problems have led to market segmentation, weakening it and making it work incorrectly, which confirms the need to modernize banking economic vision and make it more flexible and realistic, pointing to State support of private banks comes from increasing the size of deposits and open accounts and encourage banks that offer outstanding performance and contribute to supporting humanitarian and social projects.
Jabouri said, well aware that the banking law No 94 of 2004, class private banks as a commercial development is not, while the State banks are cutting banks exercise grows development and engage in other industrial and agricultural investments, as we recognize that this law was passed in today's conditions it is necessary to adjust it to suit developments point specifically of article 28 to allow private banks to exercise commercial matters, provided that they maintain a high material flow.
The speaker called for the formation of a financial court capable of resolving problems with banks and others concerned, to be specialized and better able to understand the intricacies of financial problems and disputes for institutions and individuals, pointing out that the financial, industrial and commercial institutions able to determine the fate of the stability of the economy of any country in the world.
The Iraqi Central Bank Governor said on the relationship, on the sidelines of the ceremony, that the Central Bank is too played an important role in financing the State budget in General, including activities relating to security and displaced people and other things.
Added the relationship, the Bank began months ago to inject large sums to buy Treasury remittances to cover expenses of the Ministry of finance, after declining oil revenues dramatically, returned to the Central Bank plays a big role in saving the country from financial crisis and pull it out to safety.
Financial adviser said the Prime Minister Mohammad Saleh appearance, the war against ISIS represent a large part of the economic and social burden suffered by Iraq, as well as displaced more than four million displaced people, stating that the exodus raised poverty levels in Iraq to 23, with four out of every 10 inhabitants live below the poverty line.
Saleh, the funds sapped war against regulation led to stop a lot of development priorities for assigning fronts, where appropriations were allocated 23 to support the Iraqi armed forces of all kinds, including the popular crowd and ……..