ReddStarr: If this doesn't get you excited....then I don't know what will.(See Article Below) ...they ....are....spelling it out for you....International levels....for ....banking....come on...does it get any clearer....IMO....no....LOL
Jay: EXCITED...??????.....Might as well call this THEEEEE International Announcement. Does'nt get any more clearer than this ..IMO...WOOOWZERS....
ReddStarr: Official Iraq seeks to open up banking cooperation at the Arab and International levels
Iraq seeks to open up banking cooperation at the Arab and international levels by establishing a banking relationship with them aim at increasing the volume of external banking transactions through the opening letters of credit and the issuance of letters of guarantee and conducting investment operations and conversions this context, general manager of the Rafidain Bank spokesman Kamal al-Hassani said:
bank seeks to achieve further supporting the national economy and keep pace with the
achievements reached by the developed world in the banking systems, he has been putting the finishing touches to complete the project activate MasterCard service, in coordination with the company's global card Alzkih.bhsp morning newspaper
He explained that this project is one of the financial achievements in the monetary and credit banking field so that the Rafidain Bank to provide services to customers in line with the evolution of the developed countries in the field of shopping at markets through direct card or the Internet for the purpose of withdrawing the money, along with the use of devices ATM deposited by this service
And between Hassani he can be defined MasterCard card as a credit card containing
the financial balance and allow the holder to drag them at any time, anywhere he pleases, and advantages of this service that depart bearer for dealing amounts of cash (Cache) in addition to the possibility of use in many areas of daily life
He noted that the Rafidain Bank seeks to achieve pay retirees residing salaries
outside Iraq the electronic card Maydmn them easier to use the card from any ATM
yield to any external bank and the development of cadres working in the bank's general manager said the Rafidain Bank is seeking to raise the level of performance of all cadres have been the agreement with foreign banks to set up training courses for the staff of the bank to be trained on the latest-the-art banking technologies in banking transactions and access to the latest developments
He said al-Hassani said there are future trends include the restructuring of the bank and
rid the budget of the previous debt which has settled nearly 90 percent of which has made
us visible to the budget of the bank also has developed a plan for expansion and openness
to the world and presence through external Jdidh.ozkr that the branches of the bank
branches in London was founded in 1952 and is the first Arab bank in Europe and has had
a prominent role in the banking performance outside Iraq,
in addition to being filled distinct building in the area (Leiden Hull Street), noting that in the light of settlements that have been completed and the payment of the debt of the United Kingdom made top management of the bank's efforts to restore presence in this edifice where the branch license is still pending and is null and void, in addition to the British side expressed its willingness to re-examine the section to be modern old window for the exchange of trade and .banking operations with Iraq
He noted that the number of bank branches are currently 161 branches in Iraq in addition to the 7 overseas branches which both Cairo, Beirut, Abu Dhabi, Bahrain, Sana'a, Amman, Jabal Amman Founded Rafidain Bank under Law No. (33) for the year 1941 and started operations on 05/19/1941 with a paid up capital of $ (50) fifty thousand dinars, over the bank 's several stages during his historic career consisted primarily his presence as the first national bank practiced banking business among several banks foreign, and began the gradual expansion within the country ,
and has gone through multiple merging began in 1964 ,commercial banks that were operating in Iraq , where they were in 1974 ,consolidated with the Bank of Iraq which the commercial Bank became the only one in Iraq, which included continued working alone in the banking field until 1988 which saw the establishment of another government bank is the Rasheed Bank , who began his work with branches of the Rafidain Bank , which moved its business to him
Mountainman: Oh Yes KEEP Your EYES On this PRIZE.....(see article below) ..The PETRO DE-PEG is On the HORIZON......IMO.....They are ALREADY PLANNING for it.
REMEMBER OIL will be The UNIVERSAL CURRENCY to Settle GLOBAL ACCOUNTS......Yet the SAUDIS Seem to be Talking out of Both Sides of their Mouths Here.....
The USD will Devalue...and Even CARL ICHAN=A well Known Wall Street Investor is ALREADY Positioned Himself w/Statements as to A 50% DEVALUATION in Our US MARKET concerning the DOLLAR.....
Now that SpeaksVOLUMES in My Book.......
When this Goes Down......It's Going to Be Uglier than A BULL going After A RODEO CLOWN.......IMO
Blessings,Mountainman (8)=New Beginnings......for A NEW RIYAL......
PappaJ: WELL DOC I WILL SAY IT FOR YOU==== BOOOYAAAA==== HERE IS THE PROOF OF CHANGE FROM THE DOLLAR IMO--- LOOKS AS IF THE NARRITIVE IS BEGUN!!!!!!!!!!!
PATTERNS ARE BEAUTIFUL AREN'T THEY.PJ
Thunderhawk: Backdoc Alert
MIDEAST MONEY-Saudi should keep options open on currency peg -c.bank paper
The paper was published when Ahmed al-Kholifey was the central bank's deputy governor for research and international affairs. Since then, Kholifey has been appointed head of the central bank in a reshuffle of top policymakers.
The study found the riyal peg had helped to ensure healthy and stable economic growth with moderate inflation. It rejected the idea, often discussed by currency speculators, that a devaluation would ease pressure on state finances by inflating the riyal value of dollar-denominated oil revenues
"Such a move would be far from painless, as it would raise import costs to both the general public and the government," the paper said, adding that it would be much better to handle the budget deficit with spending restraint and borrowing.
"The bottom line is that the dollar peg has served Saudi Arabia well, and is likely to do so until Saudi Arabia becomes a meaningfully diversified economy, with exports denominated in a mix of currencies," the paper concluded.
Nevertheless, it listed conditions under which the argument for keeping the peg would weaken: expected depreciation of the dollar, an unacceptably high U.S. inflation rate, or a divergence of the U.S. and Saudi economic cycles.
They are already diverging to some extent; the Saudi economy is expected to slow sharply this year because of state spending cuts, according to the International Monetary Fund, while U.S. interest rates have begun to rise in line with an economic recovery there.
The IMF has also shown signs of recognising that the riyal may need to fall at some point. After annual consultations with Riyadh last week, it said: "The exchange rate peg to the U.S. dollar continues to serve Saudi Arabia well given the structure of the economy."
But in a paper presented to a meeting of Arab finance ministers last month, the IMF said efforts by oil-exporting countries to diversify their economies could fail if their currencies became overvalued, hurting non-oil export industries.
Such considerations may keep speculation about an eventual devaluation of the riyal alive.
"I just think unpegging the currency is a necessity for the reform plan to succeed. We actually plan to invest heavily in Saudi Arabia after the event occurs," said a New York-based hedge fund manager, declining to be named because of commercial sensitivities
Mountainman: With More SWINGS and MISSES in the Current Market Downfalls....it's Obvious People are Catching On to A MAJOR Change Coming and The Lack Of Movement is A SURE GIVE AWAY......IMO
Blessings,Mountainman (8)=New Beginnings......for A DEAD END WALL STREET.......
Thunderhawk: .Backdoc Alert
The S&P 500 is doing something extraordinary — nothing!
One could say that a hush has fallen over the market.
The S&P 500 closed a mere 0.02 percent lower on Thursday, making the day the fourth session in the past 16 that the large-cap index has risen or fallen less than 0.03 percent.
Such a bunching of silent sessions is actually quite unusual. Over the past two decades, there has only been one other stretch of 16 sessions out of which four were moves of less than 0.03 percent. That happened in August 2014.
However you slice it, small changes have become much more common. More than half of the S&P 500's daily moves this year have seen the index rise or fall less than half a percent; for comparison, that describes less than a quarter of its moves over the last 10 years.
Volume has been markedly low as well. And the market stillness hasn't escaped the attention of Wall Street.
Referring to a well-worn market chestnut, Michael Block, chief strategist at Rhino Trading Partners, wrote Thursday that "You're not supposed to fade a dull tape and man oh man is this dull. Like late 80's college rock uninspiring."
Views on R.E.M. aside, the market mildness is having a big impact on the options world. Options prices on index ETFs and single stocks alike have fallen mightily, potentially creating a good opportunity for those who wish to bet on or against particular stocks or ETFs.
This may be a great time to bet on the market rising
Of course, if markets keep up this streak, there is little reason to do either. Maybe try dusting off some old records by The Smiths instead.