MY LADIES: ALRIGHT I WANT TO POST SOMETHING FOR EVERYONE TO READ AND I WILL EXPLAIN IT AND NOVA WILL COMMENT.
THIS WILL BE THE LAST TIME I ATTEMPT TO EXPLAIN ANYTHING IN SUCH DETAIL.
I AM DETERMINED TO MAKE SURE EVERYONE UNDERSTANDS THIS BECAUSE I DO WANT ANYONE IN HERE GOING THROUGH LIFE AS A PROFESSOR.
IT IS VERY GOOD TO HAVE KNOWLEDGE OR TO THINK YOU HAVE KNOWLEDGE ON SUBJECTS BUT THE TRICK IS CAN YOU APPLY THAT KNOWLEDGE TO EVERYDAY LIFE.
SEE WE CAN BE AS SMART AS EVER AND HAVE BOOK SMARTS AND PROPER WRITING SKILLS AND GREAT COMPUTATION BUT AT THE END OF THE DAY IF YOU CAN NOT CROSS THE STREET WITH OUT GETTING HIT BY A CAR WHAT GOOD IS IT???
I MADE A COMMITMENT TO BE SURE YOU FOLKS HAVE ENOUGH SKILLS TO TAKE YOU DOWN THE ROAD AFTER THIS EVENT. THIS BOND ISSUE IS A GOOD LESSON IN SECURITIES. IT IS ALSO A GOOD LESSON IN NOT TO ASSUME THINGS.
AFTER THIS LAST ATTEMPT I WILL THROW MY HANDS IN THE AIR AND JUST MOVE ON. SO THIS IS VERY LONG AND I’M PULLING IT APART LINE BY LINE SO BE PATIENT PLEASE.
HERE WE GO FOR THE LAST TIME !
The government is seeking to move the money supply among citizens across the raised credit bonds, to provide a cash deal with a part of the fiscal budget deficit and cash squeeze, according to the Economic Adviser to the Prime Minister, while rated credit globally facilitate his external borrowing academics confirms that the move provides for Iraq. " and sale of bonds. "
The Central Bank, earlier this week, his intention bond offering for the benefit of the Ministry of Finance worth two billion dollars, and while noting that the bonds due and payable by the end of 2016, confirmed that it can be used as collateral for loans or facilities require collateral.
He says the appearance of Mohammed in connection with "the world", that "the main objective of putting those bonds is to fill part of the deficit in the public budget for the current year and to provide financial liquidity to curb the financial crisis that the government suffered in time," explaining that "those bonds citizens will be on a fixed exchange rate, and the interest rate is determined by the duration of the bond. "
MY LADIES: BONDS WILL BE SOLD AT A FIXED EXCHANGE RATE FOR THE GOI TO INCREASE THE CAPITAL OF THE GOI AND THE INTEREST RATE ON THE BONDS WILL BE DETERMINED BY THE DURATION OF THE BOND. SO WE THROW 6.1% OUT THE WINDOW ALONG WITH THE DISCOUNT
He said the move aims to "move the money supply to the citizens."
Economic Adviser to the Prime Minister said the next step after bond offering is "a select number of banks to act as mediator between the government and citizens."
For the first time after 2003, Iraq plans to put up bonds of this magnitude.
MY LADIES: Maitham defect, academic and specialist in economic affairs said that "Iraq, after talks with a number of international banks and lending institutions for the purpose of finding financial resources, it is revealed that he would need guarantees, and here will be the Ministry of Finance bought those bonds and the dollar from the central", adding that it "represents the papers to ensure to the outside world in the case of Iraq could not abide by the terms of its loan repayment or any other reform conditions. "
MY LADIES: THE CENTRAL BANK IS GUARANTEEING THESE BONDS FOR THE GOI
He says defect in the comments for "the world", that that process is done through the purchase of Ministry of Finance bonds in local currency to be paid at a later date to the bank, allowing Iraq to sell sovereign government bonds in the global market, compared to the amount of dollars that can contribute to filling part of the deficit budget.
MY LADIES: *BONDS TO BE BOUGHT IN LOCAL CURRENCY AND IRAQ IS SELLING SOVEREIGN BONDS TO THE GLOBAL MARKET
This procedure enables entry to Iraq "Global Credit Portal, and thus give him credit rated a certain officially."
Known credit rating that estimate conducted by lending institutions to find out the validity or eligibility State wishing to obtain loans, which is the is studying its potential, and the extent of its credit on the loan and financial ability to repay, taking into account records of the state and its disposal in the past for the payment of its debts.
MY LADIES: THIS EXERCISE WILL ESTABLISH CREDIT FOR IRAQ
He added that "This is not surprising in light of the deterioration of oil revenues and not being able to seriously seek to find other financial resources, as well as the lack of seriousness of processors to the issue of corruption."
MY LADIES: THIS IS THE ONLY WAY TO CAPITALIZE THE GOI SO THEY MAY CONTINUE TO SELL THE ADDITIONAL BONDS ON THEIR OWN WITH OUT THE CBI
The budget law for 2015, the government authorized the issuance of sovereign government bonds by seven trillion dinars to cover the fiscal deficit.
The central bank announced earlier this week in a statement that it will launch futures delivery currency dollar bearer bonds on behalf of the Ministry of Finance from the second of next August to 31 of the same month, adding that "Asdarih will be four categories (2,500 to 10,000 and 50,000 and 100,000) to US $ and $ total of two billion dollars. "
The bank said it "will sell that amount in Iraqi dinars and the price of 1095 dinars per dollar and payable by the Ministry of Finance in December 31 2016, to be paid in dollars at maturity."
MY LADIES: BASICALLY THE GOI HAS 5 BILLION BONDS TO SELL ACCORDING TO THE BUDGET, THEY WILL SELL 2 NOW AND USE THE PROCEEDS TO CAPITALIZE THE GOI THERE BY ALLOWING THEM TO GET A CREDIT RATING AND ALLOWING THE SALE OF THE OTHER 3 BILLION WITH OUT THE NEED FOR CBI BACKING.
SO ENOUGH WITH ASSUMING, AND ENOUGH OF THE TALK OF DISCOUNT AND 6.1% INTEREST, BECAUSE THE INTEREST HAS NOT BEEN DETERMINED YET.
NOW PLEASE APPLY THIS LESSON TO FUTURE ENDEAVORS AND UNDERSTAND THIS IS HOW THE WORLD OF BANKING IN REAL LIFE WORKS, SOMETIMES IT’S WHAT’S NOT ON PAPER THAT MAKES THE MOST SENSE WHY YOU NEED TO APPLY EXPERIENCE. LINK
IQD NOVA: THIS IS REALLY QUITE A POWERFUL MOVE WE ARE SEEING. I REALLY REALLY REALLY COULD TALK FOR HOURS ON THIS BUT I AM NOT TALKING I AM TYPING.
THIS SPEAKS TO ALMOST VERY POINT WE WHERE TRYING TO MAKE. EXPECT ONE!!!
WHY ONLY 2 BILLION?
THEY JUST TOLD US. WE SAID THE GOI WAS BROKE AND THEY DON'T HAVE THE CREDIT TO BORROW MONEY ON THERE OWN.
THERE GOING TO USE THE 2 BILLION TO ENABLE THE GOI TO SELL DEBT ON THERE OWN!!!!! WOW!!!!!!!!
THREE DAYS NOW WE HAVE SEEN 100% PROOF THAT THEY'RE STARTING THEIR ECONOMIC ENGINE!!!!!
AS FOR THE BONDS IF WE WOULD HAVE JUST SAT BACK AND LET THIS COME TO USE WE ALL COULD HAVE SAVED SOME BRAIN CELLS.
WHEN IT COMES TO MONEY DON'T TELL ME WHAT YOU THINK TELL ME WHAT YOU KNOW!!!!!
MY LADIES: OH AMEN AMEN AMEN!!!!!!!!!!!!!!!!!!!!!!!!!!!
MY LADIES: THE OBVIOUS IS NOT ALWAYS WRITTEN!
PrincessDD: Wow Gentlemen start your engines
Farhead: It is good to see Nova sufficiently excited as to type more than a few words....it must be good!!
IQD NOVA: IT IS!!!!!