Tishwash: Iran, UK sign MoU on export financing
Tehran, March 6, IRNA – Iranian and British export finance funds signed a memorandum of understanding (MoU) to facilitate exports and trade exchanges between the two countries.
According to the MoU, the two countries will cooperate on insurance coverage and financing of the two countries' traders.
Iran has received extensive economic and financial sanctions relief as a result of meeting its obligations under the nuclear deal agreed on 14 July 2015, meaning the country is now able to trade more freely.
On January 16, Implementation Day was triggered following the verification by the International Atomic Energy Agency of Iran meeting its requirements as part of a comprehensive agreement on Iran’s nuclear program.
This has resulted in the termination of EU nuclear related financial and economic sanctions, and the suspension of US nuclear related secondary financial and economic sanctions.
As a result, UK Export Finance (UKEF), the UK’s export credit agency, has reintroduced cover to support UK companies seeking to compete for business in Iran.
Cover is now available on a case-by-case basis in Pounds Sterling and Euros. Within this, and in recognition of the UK’s place as a global centre of excellence for financial and professional services, UKEF will make available a £50 million facility guaranteeing payments to UK professional advisory service providers advising the government of Iran.
This can cover advice on areas such as: accounting standards; capital market development; compliance with global regulatory requirements; accessing and reducing the cost of financing; and facilitating new trade. UKEF will also consider applications for direct lending to purchasers of British exports to Iran.
To improve UK-Iran trade, UKEF will work directly with the Export Guarantee Fund of Iran and the Iranian Ministry of Economic Affairs and Finance.
"Wait for it…" Anonymous Intel SITREP
Sunday - 3.6.16 12:00:00
What, no RV this morning? Who's to blame? Why can't these NPTB get things together? Is this thing even real? All fair questions the morning after a disappointment Saturday night.
That said, redemption locations were staffed, guarded with machine guns and secured via combined military forces like never before starting @ 4pm EST yesterday, all in anticipation of the global hydration spigot turning on after sundown, and or sunrise in Beijing.
Overseeing Chinese and Republic authorities were even present at some of the 24 hour sites, which was a first. So what really happened? Where's the freaking beef man? The answer is nobody knows. And I mean nobody. All information contacts are dumbfounded there was no performance last night.
Will the NPTB ramp things up again tonight? Possibly. It would make sense to start the RV first thing in the morning Beijing time around 8PM EST, but then again, it made sense last night when the markets were all closed and Abadi was scheduled to make his IQD International Speech to the world at 11pm EST, after morning prayer and before the Dubai Exchange opened. Or will they wait another weekend, and ramp up next Saturday March 12?
What we know is that all colors of the Chinese Family wanted the RV done in July 2015, and here we are in March 2016 with our ready bags and Sunday best sitting idly in the closet.
So we wait for it… and while we do, I would like to offer one simple question:
If not for a global revaluation, what will solve the world's unsolvable monetary problems?
Seriously, if there's no RV how does humanity move forward financially?
The FED and European Central Bank tried quantitative easing, but that didn't work. Central bank cash injections were carried out via TARP as well, and also failed miserably. Budget reductions are always a hot topic on the campaign circuit, but just ask the US Congress how effective that strategy is--so bad in fact they had to freeze the deficit at 18T. The BIS/World Bank/IMF served up austerity packages to most of Europe… how did that work out? Greece can't even afford to grow their own olives now.
So what is the solution to this unsolvable global financial collapse problem if not a completely new system that resets all currencies to a common physical asset standard? This is where we are today folks, the precise moment when one fiscal consciousness surrenders to another, and the world goes from red to black again on the books. And all these stops and starts, over 250 are now concluding, as there is nothing left but performance for the master planners.
Sure we've waited, and waited, and waited, and waited some more. We know what car, house, and office building we want to buy first. We know what community worthy cause we want to fund first. But yet here we are, still waiting like a dog waiting for its owner to come home.
Deep down, we know at some point Heaven and Earth will reconcile so humanity can move forward in abundance, but "when" is the only question? Not "how, and certainly not "if" after the last few years of public transition events.
Are we the pregnant mom filled with possibility? Absolutely. Is our RV baby past it's due date? Yup, by a few months. Will will keep waiting until we hear the RV cry and we get to cut the umbilical away from debt enslavement? Of course we will, 'cause that's what we do… we wait. As we are the patient All-Pro quarterback, who stays calm in the pocket while the world collapses around us, so at the very last second we can launch a brilliant Hail Mary down field to win the game for generations of our family.
We are all the tragic heroes of our own amazingly incredible story.
And as all good tragic heroes must do, we suffer so that others can thrive. Or to quote the Godfather, "This is the life we have chosen!" So I guess waiting is just the price we chose to pay to receive this RV blessing... for everyone else. I can handle that. Bet you can too. Waits another day, another week, another month… so be it. After all, there isn't another option but to wait as there is no other option but for the world to RV. Thank heavens we're at least in a perfect position to hear the crowd roar when our epic Hail Mary is caught for touchdown in the end zone.
You know of of course our friends and family will tell stories of our heroics for decades to come. And believe me, that's an honor worth waiting for.
Besides, Fischer says by 6pm EST tonight… lets pray he's right.
Aloha Ke Akua (God is Love)
WSOMN Sunday Conference Call Replay 3-6-16
firefly "Basel III Monitoring Report March 2016 March 2016: This report presents the results of its latest Basel III monitoring exercise. The Committee established a rigorous reporting process to regularly review the implications of the Basel III standards for banks...The results of the monitoring exercise assume that the final Basel III package is fully in force, based on data as of 30 June 2015...Basel III's Liquidity Coverage Ratio (LCR) was set at 60% in 2015, increases to 70% in 2016 and will continue to rise in equal annual steps to reach 100% in 2019." ..
Q: all banks reported an LCR [Liquidity Coverage Ratio] at or above the 60% minimum requirement that was in place for 2015.
Firefly: BINGO...HUGE HUGE HUGE...
Q: [they have to be basel III compliant for international banking.]
Firefly: EVERY BANK needs to be! BINGO!
[So, does that mean they are Article 8?]
firefly: Indirectly but mostly global requirements that effect contracts! And transparency. But...NOTHING can happen without the the stamp of approval from the BIS...Bank of INTERNATIONAL Settlements.
Q: [Sounds like they are getting there.]
firefly: Not getting there... DONE ! IMF can't do anything without the BIS stamp of approval. The way a currency reform works is:
1: The country in question sends a letter of intent to the IMF.
2: The IMF reviews the request. If they approve it it sent to the BIS.
3: The BIS either approves it or denies it.
4: If it is approved, the IMF is notified.
5: The IMF informs the country in question of the conclusion.
6: ................ . A currency reform is a process, it's NOT as simple as just pushing a button. Lots of legality involved.
Walkingstick: Smelting Speaks: Maliki decided to retire from public office once and for all
BAGHDAD - Iraq Press - March 7 / March: uncovered close to the head of a coalition of state law, Nuri al-Maliki on Monday sources, the latter decided to retire from formal political positions permanently.
New World newspaper quoted sources described Palmqrbh of Prime Minister Nuri al-Maliki earlier that he decided to "retire" from official positions once and for all.
The sources added that "al-Maliki told the Iraqi politicians, and non-Iraqi retiring positions decision", without disclosing the occasion of adoption of this resolution, or the reasons that prompted Maliki to him. "
And circulated among the press a letter attributed to the melting-Maliki, "Yasser al-Maliki" the means of social communication "Watts August" in which he stressed that "Nuri al-Maliki decided to retire from the official political life once and for all, and he had told Iraqi officials and non-Iraqis do."
The National Alliance, which held the leaders meeting Sunday in Karbala, has seen the participation of the leaders of the first line (Haider al-Abadi, Ammar al-Hakim and Muqtada al-Sadr and Ibrahim al-Jaafari), while absent from the meeting, head of a coalition of state law, Nuri al-Maliki, raising questions observers.
It is said that al-Maliki, the Iraqi government terrace for two elections for the years (2006 - 2010) and (2010 to 2014). Q ended (1)
Walkingstick: Last Update: Monday, March 7, 2016 - 1:10
Iraq "sources close to Maliki decided to" retire "the official final positions
New World - Saif al- Khayat
I learned the "New World" from sources close to the former Iraqi Prime Minister Nuri al-Maliki that he decided to "retire" from official positions once and for all.
The sources, who has custody of the "New World" to disclosure, that "al-Maliki told the Iraqi politicians, and non-Iraqi decision of retiring from office."
Sources on any occasion did not explain the former prime minister decided this decision.
And Maliki was toppled in August 2014 and replaced Lakedr Abadi.