Millionday Roundtable 1/8/14
[millionday] this is the acceptance
[millionday] The CBI said that the bis announced acceptance of the additional deposit "bounce" of the country, and called for investment to achieve comprehensive development in the Government and private banks, and adherence to international standards in order to obtain a credit rating.
The Bank for International Settlements (BIS), based in the Swiss city of Basel, had informed the Central Bank of Iraq, (29 December 2013 last), his willingness to accept Iraq's financial filings in 2014.
He said the Central Bank Governor, Abdul Basit Turki, told the (term), "the Bank for international settlements, the World Bank of central banks, and international banking regulatory regime for banks, in terms of commitment to Basel,
which determine efficient banking systems, access to shares in the Bank, which comprises 60 central banks including the Central Bank of Iraq, by individuals and non-governmental entities, in accordance with the Charter of the United Nations".
Read More Link On Right
[millionday] He said, "the BIS annual plans for the investment of cash reserves held by central banks of the world", stating that "the World Bank differs from the Fund for the protection of Iraqi funds DFI, established under the UN resolution, to deposit the proceeds of Iraqi oil after the year 2003.
The Governor of the Central Bank of Iraq, "the Central Bank's currency reserves comes from those deposits after its Government into local currency (the dinar), pointing out that" Iraqi funds frozen in the 1990s, was in the Bank for international settlements and not subject to any legal prosecution being protected.
[millionday] He continued, "the BIS to strengthen financial cooperation and global funding as well as it is not accountable to any Government", he says that "the implementation of this measure will yield better returns to Iraq with funds maintained in safe places, especially the Bank of international settlements is invested in a part of the investment portfolio, the Central Bank, which is part of the cover (cash reserve) with a few risks and significant benefits.
He called the Iraqi Central Bank Governor Agency, to "invest call BIS for all-round development in the Government and private banks to comply with the Basel standards and adoption of governance and modern systems to improve the country's banking and seeking credit rating."
[millionday] note -- this is the entry of the world of finance to the globe
[nona] millionday so does this mean that these deposits are from the funds that had been frozen in the 90s, and the BIS is now accepting them as a deposit - which means those funds are now internationally tradable?
[Florida Country Girl] so is there a currency international now?
[PinkOwl] So it says in 2014 but I don't see an actual date.
[millionday] The credit rating credit rating, a credit rating or worthiness in the economy, which is estimated to experience some of the specialized agencies, to assess the suitability or eligibility of a person for loans,
or trustworthiness of a company, or even the State for loans, and are in that study the financial possibilities of the company or the person or the State, and the extent of its credit and loan repayment, and take into account records for the person or company or the State, and its conduct in the past for its debt.
[Florida Country Girl] Millionday is their currency international now?
[millionday] this would make it international i think we are holding our breath smile
[Dovi] millionday whaaaa!??
[PinkOwl] But the question is still when, is it not?
[millionday] the bis is the grand daddy of banking swiss the question is when obviously this is in the works with the bis smile have to say that its the truth
[wilbur48] has iraq deposited any currency in to the BIS
[millionday] And the Bank for international settlements BIS was established in 1930 by intergovernmental agreement by Germany, Belgium, France, Britain and Northern Ireland, Italy, Japan, the United States and Switzerland, to facilitate compensation imposed on Germany by the Treaty of Versailles after the first world war.
And the Bank's Charter was drafted at a Conference of international bankers in the German city of Baden in November and adopted its Charter at the second Hague Conference on 20 January 1930.
millionday] they are now in agreement that is what they are doing to get a credit rating -- as a financial country this is the wrap up of finances -- this is great and i mean great news -- no this is just deposit they are in a hurry
[wilbur48] millionday if I remember right don't they do a country credit rating once a year..
[millionday] i am not sure i will have to find out
[LBnFL] Any news about the ISX today? Or Budget?
[Florida Country Girl] Bonds?
[aJw70] Or RV
[Florida Country Girl] I thought they would stop doing auctions once bonds came into play
[wmawhite] brett123 ..........this announcement about a credit rating is from their evaluation from 4 months ago. Millionday had articles here about their credit rating evaluation at that time.
[faith1] millionday millionday didn't we read about a B credit rating a few weeks ago ? Or am I mixing up with something else ??
[letsroll] List of countries by credit rating most have a B rating around Iraq ,kuwait has A .... http://en.wikipedia.org/ ··· t_rating ..... sorry bout the outside link
[belabun] letsroll that is an ok one, LT, Ty,
[wmawhite] Folks,.........as is the case many times, what we see in these articles are the effects from work and effort on the part of Iraq from many months previous to today. None of what we are seeing is by co-incidence. This is a well thought out process and continues to be unfolded in front of the world. Sadly, many people are blind to this.
[DBJJ] wmawhite Well said. Their articles and content can also be days, weeks, behind.
[wmawhite] DBJJ ..........you are correct. DBJJ ...speaking about being behind................our news media is at a minimum two weeks behind the events in Anbar Province.
[DBJJ] All4HIM Good afternoon. Reconfirmation on the BIS, that's it at this point.
[Dovi] wmawhite can you say what is current in Anbar?
[All4HIM] DBJJ thank you and more confirmation is a good thing
[DBJJ] wmawhite Correct. I wish people wouldn't get too hyped on what they see on the nightly news in the US. It's as staged as any other propaganda, IMO.
[wmawhite] Dovi .....even the Sunni elders are saying that they have moved Al-Qaeda out of the cities. and into the countryside.
millionday] i am sorry but something very important has come up i know your time is very important and i am so sorry to have you wait please know that i am not just sitting here i will be back and post i have to handle this matter first