Thanks My Ladies For allowing us to share this today.
MY LADIES: GOOD SATURDAY EVERYONE. WE’VE BEEN QUIET FOR A WHILE BECAUSE THE SAME DAILY RHETORIC HAS BEEN GOING ON AND WE DIDN’T FEEL THE NEED TO CHIME IN.
ABOUT 10 DAYS AGO I ASKED EVERY ONE IN THIS ROOM TO PLEASE STOP LOOKING FOR LINCHPINS, OR TIME LINES, OR ANNOUNCEMENTS AND JUST MOVE ON WITH YOUR LIFE AND LET THIS EVENT COME TO US.
I AM SO TIRED OF THE BUILD UP AND THE HYPE OF ANY DAY AND MINUTE, OPEN WINDOWS, NEW FILE NUMBERS, , BANK PERSONNEL IN LOCK DOWN, CALL CENTERS RAMPED UP, DANCING IN THE STREETS, ANNOUNCEMENTS IN THE MOSQUES, AND SCROLLING NEWS ON IRAQI TV.
JEEZE IT IS EXHAUSTING AND QUITE FRANKLY IT BURNED ME OUT.
WELL WE DON’T NEED YOU TO KEEP COMING BACK FOR ANY OTHER REASON THEN WE ENJOY YOUR COMPANY AND ARE HAPPY TO SEE YOU GROW IN UNDERSTANDING AS WE TAKE YOU THROUGH THE UPS AND DOWNS AND GLOBAL AFFAIRS AND IRAQI HAPPENINGS OF OUR INVESTMENT.
ALL THE FORMER HAD US BURNED OUT AND THE DAY TO DAY IRAQ WAS NOT YIELDING ANYTHING REMARKABLE UNTIL THESE LAST FEW DAYS. SO LET’S TAKE A CLOSER LOOK AT WHAT WE WERE POSTING LAST NIGHT.
WE STARTED WATCHING WITH OUT SAYING MUCH SO WE DIDN’T GET THE ROOM ALL RILED UP THIS PIECE THAT CAME OUT ON TUESDAY.
THE BIS IS INTRODUCING A NEW SETTLEMENT SYSTEM. AND THE ARAB MONETARY FUND WILL BE MEETING WITH A REPRESENTATIVE FROM THE WORLD BANK WHO WILL BE EXPLAINING THE APPLICATION OF NEW INTERNATIONAL PRINCIPLES.
THIS IS VERY BIG NEWS, BUT WE DOWN PLAYED IT AND KEPT WATCHING WHAT WILL HAPPEN NEXT.
Meeting of the Arab Committee for the payment and settlement systems
BAGHDAD - morning complexity of the Arab Commission for propulsion systems and settlement, its annual meeting atheist ten Tuesday and lasts two days in the Omani capital Muscat to discuss the latest developments concerning the work of the International Committee on the level of implementation of the new international principles for infrastructure capital markets issued by the Bank for International Settlements and the International Organization for bodies Approved Securities by the Group of Twenty.
THE NEXT DAY WE SEE THIS. WHAT THEY’RE SAYING HERE IS THEY ARE READY TO LAUNCH BONDS, SOVEREIGN DEBT DENOMINATED IN U.S. DOLLARS IN THE AMOUNT OF 5 BILLION USD THROUGH CITIBANK, BUT BEFORE THEY DID THEY WENT FOR ANOTHER CREDIT RATING WITH STANDARD AND POOR’S SO THEY COULD GET A FINAL CREDIT RATING SO THE BONDS WOULD FALL IN THE LOW RISK CATEGORY AND KEEPING THE INTEREST ON THEM LOWER.
Sovereign debt securities acceptable abroad
Absorbed by the stock market internally
BAGHDAD - Mostafa Hashemi endorsed a specialist economic government went to borrow from the inside through the sovereign debt launched by the Ministry of Finance bonds to the public at home and abroad to reduce the proportion of the budget that was caused by the decline in world oil prices since June last year's deficit.
THEN THIS; NEW REGULATIONS EXIST FOR THE PRIVATE BANKS TO TAKE OVER FROM THE CENTRAL THE TAXES AND TARIFFS AT THE BORDER. THEY ARE MOVING FROM THE OLD MECHANISMS TO THE NEW
Concerned: no direct effect on the market price
AND HERE WE SAW THIS THE COUNCIL OF MINISTERS ANNOUNCED THEY APPROVE OF THE SUGGESTION FROM THE CENTRAL BANK TO LET THE PRIVATE BANKS HANDLE THE TAXES
Cabinet approves proposal for the central bank to accept the instruments of the banks to pay taxes
THEN ON THE 26TH WE STEP OUT OF IRAQ FOR BIT AND WE FIND THIS AN UPDATE FROM THE U.S. GOVERNMENT PUBLISHING OFFICE AND IT IS TITLED ELECTRONIC CODE OF FEDERAL REGULATIONS. THIS UPDATE IS ON THE BANK HOLDING COMPANIES AND CHANGE IN BANK CONTROL (REGULATION)
THIS GOT OUR ATTENTION ALSO. WHAT’S HAPPENING WITH GLOBAL FINANCE?
Gold’s relationship with the U.S. dollar is about to change
ALSO ON THURSDAY THE 26TH CAME THIS REPORT FROM BLOOMBERG. THIS ARTICLE IS SAYING CENTRAL BANKS IN THE HUGEST CURRENCY MARKETS WILL SEE NEW PRINCIPLES PUBLISHED ON MONDAY.
Global Currency Trading Principles Said to Be Ready for Release
11:15 AM AKDT March 26, 2015
(Bloomberg) -- Central banks in the world’s biggest currency markets will publish on Monday principles of behavior and ethics for foreign-exchange trading, according to a person familiar with the document.
HERE IS A QUICK INTERVIEW EXPLAINING THE AIIB AND THIS IS EXPLAINS THE ROLE OF THE DOLLAR IN ALL THIS. THIS WAS A PART OF OUR WEEKLY BUILD UP VERY IMPORTANT TO KNOW SO PLEASE WATCH IT SO YOU UNDERSTAND HOW WE GET TO THE NEXT POINT.
Alasdair Macleod-Gold Price Could be Driven Higher by Panic Demand
NOW DO YOU ALL REMEMBER ME SAYING THAT THERE WAS A PROBLEM WITH A FEW ITEMS IN THE BUDGET AND THAT THE CBI FILED A FORMAL CASE IN FEDERAL COURT CONTESTING THE DEMANDS THE GOI WAS PUTTING ON THEM AND THEY NEEDED TOTAL SEPARATION FROM THE GOI. WE SAW ABAI AND ALI ALEC SIT DOWN AND DISCUSS THIS VERY ISSUE, WELL IT APPEARS THE CBI GOT WHAT IT WANTED.
Finance Committee: Ttrat government taxation and wait for the opinion of the judiciary in the budget appeals
Parliamentary Finance Committee confirmed that the budget law went into effect with the exception of 19 items the government intends to appeal where, despite the denial of access to the nature of the government appeals.
WELL WHAT DO WE THINK OF ALL THIS?
WE THINK WE MAY BE IN A STATE OF EXPECTATION SOON.
LET’S LOOK AT A BIT MORE, SECURITY IS THE MAIN CONCERN OF EVERYONE IN IRAQ, SO WHAT IS ON TODAYS AGENDA REGARDING SECURITY. HOW ABOUT THE UNITED NATIONS AND THE VATICAN?
Friday, March 27, 2015 16:24
Conference for dialogue and peace in Baghdad tomorrow with the participation of delegations from the United Nations and the Vatican
AND THE ENVOY FROM THE UNITED NATIONS BEGINS WORK TODAY IN IRAQ AND THEY ARE GOING TO PROMOTE NATIONAL RECONCILIATION.
The new UN envoy begin their duties in Iraq
Arrived in the capital Baghdad today, the Special Representative of the Secretary-General of the United Nations, the newly appointed Iraq, Jan Kubis, and took upon his arrival his responsibilities as President of the United Nations mission to help Iraq [UNAMI] and envoy internationalist in Iraq.
AND NOW TAKE A LOOK AT PARLIAMENT PLEASE TODAY
House of Representatives vote on the Federal service law and end the reading of four bills
WELL CAN YOU GUESS WHAT ONE OF THE BILLS WAS?
THIS IS VERY EXCITING, IRAQI FOREIGN LAW DOCUMENTS WERE READ TO ELIMINATE FOREIGN EXCHANGE CONTROLS AND LIFT ALL RESTRICTIONS BETWEEN THE COUNTRIES OF MEMBERS OF THE FREE TRADE AREA.
The Council also ended the first reading of the draft law amending the certification of signatures on the documents, and the documents and Iraqi Foreign Law No. (52) of 1970 and sponsored by the Legal Committee in order to eliminate controls on foreign exchange in the central bank and the implementation of the resolutions of the Economic and Social Council of the Arab League to lift restrictions between countries circle members of the Free Trade Area.
AND HERE IS MORE TALK OF THE PRIVATE BANKS AND NEW MECHANISMS AND THE TAX RATIO TO BE DEDUCTED AND DISPERSED
8 percent tax rates and customs within satisfy mechanisms
Baghdad, Hussein al-Tamimi Tgb succeeded Association of private banks in Iraq to make progress in the implementation of the new mechanism to meet the tax and customs for Akiem imports implemented by banks after the committee charged with approved determine the ratio to be deducted, amounting to 8 percent dispersed among the 5 percent rate of Customs and 3 percent rate taxes.
AND WE CAN SAFELY ASSUME THAT MOST OF THESE 2 PROVINCES ARE CLEARED OF DAASH, THEY ARE HAVING RETIREES COME IN FOR THEIR SMART CARDS AND TO RECEIVE THEIR SALARIES.
Rafidain Bank branches devoted to him to pay retirees Nineveh and Salahuddin salaries
ALRIGHT SO WHAT DOES ALL THIS MEAN I THINK IT MEANS THAT IRAQ IS RIGHT AT THE POINT OF ADOPTING A RATE FOR ITS CURRENCY.
WE LOOK AROUND AT ALL THE GLOBAL CHANGES TAKING PLACE AND WE SEE THE BIS TELLING ALL THE CENTRAL BANKS THE SAME THING, WE SEE IRAQ BEING INCLUDED IN THE CENTRAL BANK ARENA EVEN THOUGH THEY HAVE BEEN OUT OF THE LOOP FOR 10 YEARS.
NOVA AND I THOUGHT THE DINAR WOULD CHANGE FIRST AND COME OUT AS THE SUPPORT CURRENCY AND FROM THERE CAUSE MANY CHANGES IN GLOBAL CURRENCY BUT IT DOES LOOK LIKE WE MAY HAVE BEEN WRONG.
I THINK WE HAD IT BACKWARDS.
FROM WHAT WE SEE AND WHAT WE READ IT SEEMS THAT THE GLOBAL BANKING SYSTEM IS CHANGING FOR SURE AND IT SEEMS LIKE IT’S CHANGING HERE AND NOW NOT LATER.
SO I THINK THAT AMID THE CHAOS WOULD BE A GOOD TIME FOR IRAQ TO RE PRICE AND I THINK THAT TIME IS UPON US.
THERE WILL BE SOME CURRENCY CHANGES THIS WEEK AND NEW MECHANISMS AND SETTLEMENT SYSTEMS PUT IN PLACE IN ALL THE GLOBES CENTRAL BANKS AND AT THE SAME TIME THAT IS GOING ON THERE WILL BE NEW MECHANISMS INSTALLED IN IRAQI PRIVATE BANKS.
THE CBI GOT THE SEPARATION IT NEEDED, AND THE FEDERAL BUDGET WAS DONE MINUS THOSE 19 ARTICLES.
NOW THE GOI WILL APPEAL THE DECISION BUT THAT WILL GO NO WHERE AND THE CENTRAL HAS WHAT IT NEEDS TO MOVE FORWARD.
WE ARE SEEING SALARIES BEING PAID IN WHAT USED TO BE HOT SPOTS AND THE VATICAN AND THE UNITED NATIONS ARE IN IRAQ TALKING ABOUT A PEACEFUL COOPERATING IRAQ.
WE JUST SAW RESTRICTIONS BEING LIFTED FOR FREE TRADE BETWEEN THE ARAB STATES AND THAT WILL BE REFLECTED IN THE GAZETTE IN THE COMING DAYS.
WE HAVE TOLD YOU ALL TO GO ON WITH YOUR LIVES AND LET THIS COME TO YOU WITH A VERY LOW EXPECTATION LEVEL
BUT NOW IN VIEW OF THIS WEEKS EVENTS IN AND OUT OF IRAQ I THINK WE CAN ENTERTAIN A LOW LEVEL OF EXPECTATION FOR A VERY CLOSE FINALE TO THIS INVESTMENT.
STAY GROUNDED BUT OPTIMISTIC AND WE WILL CONTINUE TO KEEP YOU UPDATED
LOVE TO ALL, MY LADIES, NOVA AND NEWS HOUNDS.