DanBlessed: forex was at 1150 just a minute ago and I thought THAT was odd behavior....BUT 1180?!? THATS EVEN WEIRDER
I think I saw someone say a day or so ago that IKO & Martha are saying Forex rates are not a factor anymore....but 1180 however going in the wrong direction is a GREAT FACTOR...IMO!!
I thought similar...that RV would happen...THEN forex would show it after the fact...but AWKWARD movement in the wrong direction is VERY INTERESTING as RayRen would say LOL
OffGrid: Forex at 1180 pairs up with the CBI rate ----- US dollar USD 1182.000 1180.000 .... ya gotta synch before ya blink!!! ;)
LilyPad: My opinion is forex is just now catching up to CBI which is reflecting the 2% spread required for Iraq to go Article 8 (international). That would be a GOOD thing.
Xyz: Iraq to sell local bonds to public for first time since 2003 - finance minister http://www.reuters.com/article/mideast-economy-iraq-bonds-idUSL9N143005
GreatlyBlessed: Iran emerges as 'market of the future' as sanctions removed, business executives flock to Tehran
By freelance contributor Marcus George in Dubai
Updated January 22, 2016 16:03:25
administration. (Reuters: Raheb Homavandi/TIMA)
Not long ago, saying the word Iran was enough to send Western businessmen running for cover.
But events last weekend — when a package ofnuclear-related sanctions against the country were lifted — changed everything and Iran's market potential is travelling through boardrooms quicker than lightning.
Its population now stands at more than 75 million, the largest in the Middle East and North Africa, with the exception of Egypt.
For months, bold executives have been hot-footing it to Tehran to make inquiries about setting up companies and offices to kickstart and expand trade.
Strike up a conversation with them and before long you hear expressions such as "first-mover advantage" and "untapped market".
Iran nuclear deal at a glance
The main points in the nuclear deal between Iran and six world powers aimed at curbing Tehran's nuclear program in exchange for sanctions relief.
After years of tough United Nations sanctions, on areas such as banking, steel, shipping and aviation, the needs of the Islamic Republic are extensive and global companies are hoping to cash in on the expected trade boom.
And it is not just about pumping more oil.
"Iran is the market of the future. To put it in context, after 1989 when communism dissolved, did anyone really think it wasn't worth entering Russia?" asked a European executive of a global pharmaceuticals company, which has maintained some trade with Iran under license from the US Treasury's Office of Foreign Assets Control.
With the main sanctions gone, the executive, who requested anonymity, is frantically conferencing daily with his legal team looking at all the options for establishing a Tehran office.
"Iran is a major focus for our company and in a few years it should be the biggest market in the region by far," he said.
'Everyone who is waking up to Iran now is waking up late'
The announcements have already started, with German auto manufacturer Daimler revealing that it has reached agreements with two Iranian companies to establish a joint venture for the production of Mercedes-Benz trucks and power-train components and the creation of a sales company in Tehran.
There is a "huge demand for commercial vehicles, especially trucks," head of Daimler's truck and bus business Wolfgang Bernhard said.
Today is just the start for an innocent person who was kept chained unjustly by the hands and feet for 12 years.
President Hassan Rouhani
If all goes well, its first trucks could be available in Iran by the end of the year.
Such demand also exists for commercial aircraft.
Having been banned from purchasing new passenger planes for decades, Iran's fleet is in need of a complete overhaul.
Officials have said there is a need for the purchase of 400 planes over the coming years.
Not surprisingly, European aircraft manufacturer Airbus is about to supply 114 planes to state carrier Iran Air as part of plans to rejuvenate its business.
Julie Bishop meets with Iran's president Hassan RouhaniPHOTO: Foreign Minister Julie Bishop met with Iran's leaders, including President Hassan Rouhani, last year for trade talks.(AFP: Iranian Presidency)
With major international companies aiming to follow Daimler and Airbus, the coming weeks and months will bring big announcements.
But the positive effects of sanctions relief may take time to turn into economic benefits for ordinary Iranians, warn some local executives who are also readying themselves for new opportunities.
"Right now, it's all about engagement and assessment. There's no boom yet but every day will look better than the day before," said a member of a family business who spends his time between Tehran and London, and who is involved in negotiations to bring heavy equipment from Europe into Iran.
He believed that Iran would be posting strong growth of up to 5 per cent annually as investment snowballs by the end of 2016.
"Everyone who is waking up to Iran now is waking up late," he said.
'Rouhani has an impossible job. Iran is a mess'
For Iran, relief from the sanctions imposed in response to its rogue nuclear program gives it the chance to breathe fresh life into an economy that also suffered from serious mismanagement under former president Mahmoud Ahmadinejad.
As a result, many hundreds of thousands of Iranians lost their jobs as investment dried up and businesses folded under the trade restrictions imposed in late 2011 and early 2012.
This isn't just about trade. We need to look back and feel proud of what we've done. That means we need to concentrate on creating jobs and building a future.
What followed was a collapse of Iran's currency and inflation that spiralled to more than 40 per cent, bringing desperate times to a country that has long enjoyed considerable wealth through its natural resources, strong manufacturing and well-educated population.
Elected by a landslide in 2013, President Hassan Rouhani vowed to reconnect Iran to the international community and bring employment and prosperity.
Two-and-a-half years on, he has accomplished what many thought was impossible by leading the Islamic Republic to a historic nuclear agreement and subsequent sanctions relief.
Now the hard work of rebuilding the whole country is underway.
"Today is just the start for an innocent person who was kept chained unjustly by the hands and feet for 12 years," Mr Rouhani told a conference in Tehran two days after the announcement in Vienna that the sanctions had been lifted.
"Today our main problem is unemployment and recession, the lack of a booming economy and many structural and economic deficiencies."
While Mr Rouhani's government has stabilised the economy, the slump in oil prices from over $100 a barrel to under $30 has unleashed havoc on the national budget, forcing cuts that have brought Iran back to the edge of recession.
At the end of last year, unemployment crept up to 10.7 per cent, according to official figures. Independent economists said the figure is nearer 20 per cent.
The financial fissures created within Iranian society over the last few years will take a long time to fix.
"Rouhani has an impossible job. Iran is a mess," said an Iranian expatriate based in Dubai who is helping businesses to invest in his country.
"This isn't just about trade. We need to look back and feel proud of what we've done. That means we need to concentrate on creating jobs and building a future."
Topics: international-aid-and-trade, business-economics-and-finance, world-politics, government-and-politics, iran-islamic-republic-of
Nwmontana: Good Day Ya'll Buckle UP! weird-ass forex suddenly jumps (aprox. 30 min. ago) to 1180...stili green, matching the CBI rate established some time ago...is this manipulation, bellweather..BOTH?
CODreamer: Forex just shot up to 1180, and it was just 1150 - very weird http://www.forex.tradingcharts.com/chart/US%20Dollar_Iraqi%20Dinar.html
CosmicKid: Federal Reserve Instructs Banks To Peddle Fiction: Derivatives Imploding! http://politicalvelcraft.org/2016/01/19/federal-reserve-instructs-banks-to-peddle-fiction-derivatives-imploding/
CosmicKid: Financial Armageddon Approaches: U.S. Banks Have 247 Trillion Dollars Of Exposure To Derivatives http://emergingequity.org/2015/12/30/financial-armageddon-approaches-u -s-banks-have-247-trillion-dollars-of-exposure-to-derivatives/
Freedomboomer: Abadi.. http://www.weforum.org/events/world-economic-forum-annual-meeting-2016/sessions/securing-the-middle-east-and-north-africa
firefly Quote: "Ensure that the federal budget law The issuance of the new issue of the Gazette of Iraq call (4394)"
Yep, it's in the Gazette...looking at it now...So it appears the budget was published on the 1st but it is just being shown to us now.
Another event that's been hidden for 3 weeks.
This is not anything new. They show it to us when they want to.
wmawhite ...the IMF has told the world how Iraq (CBI/GOI) is...not may...but is moving towards Article 8 compliance and that they (the IMF) expects Iraq to enter the market during the 1st half of 2016.
Q: [so we have till june?]
We may have only until next week, or next two weeks, or until March or May. However, I go with the expectations of the IMF.
Rual12: On Mondays CC Delta said that, and I quote " Iraq is one of the richest countries in the world" and then went on to say and I quote " Iraq is in big-big trouble economically, they are facing big issues. There is no money and no liquidity".
So with that being said how can they (Iraq) spend 1.95 billion USD for these jets and munitions? Maybe someone can explain this to me.
Frank26: We made this post to point out the obvious.
Do You REALLY need an explanation?
Even said on CC last night ......... "WE will not pay one penny for this war."
Many things History will never talk about.
For example :
Can You tell me HOW and WHY along with WHAT happened in Kuwait from 1990 to 1999?
Many things are not for our ........... Understanding. So we STUDY ....... Together.
PapaJ: INTERESTING THAT THE BUDGET IS NOW PUBLISHED WITH NO VISIBLE RATE! SO WHAT REALLY IS THE DEAL? 1ST QUESTION---- HOW MANY DAYS DOES IT TAKE FOR THE RIDER TO KICK IN NOW THAT THE BUDGET IS PUBLISHED ?
2ND QUESTION---- WHAT DOES IRAQ HAVE TO GAIN BY CONTINUING NOT TO DELETE THE ZERO'S ?
3RD QUESTION---- HOW IS IT THAT 3 OR SO MONTHS AGO MOSUL WAS TOUTED AS BEING WELL UNDER WAY TO LIBERATION AND AS LATE AS THIS WEEK ON CC IT WAS COMMENTED ON THAT IT'S LIBERATION WAS NOT EVEN STARTED. ( ON CHAT)
THESE ARE A COUPLE OF QUESTIONS TO MAKE YOU THINK!!!!
WHAT IS THE AGENDA??? PJ
Frank26: recursor to Your 3 qts :
Never to be our business.
1.) The Budget is finally official with the G publication. But there is NO RATE that is official yet. Hence specific parts of the Budget are not alive as of yet.
2.) They use to gain much from it ............. OUR FINACIAL CHARITY OF SUPPORT FROM MANY NATIONS BUYING THEIR FUTURE WITH IRAQ................. But that is no longer. They are VERY SCARED ....... VERY !!!
3.) Frank26 NEVER !!! NEVER !!! NEVER said on any CC that Mosul was NOT liberated. All I KEPT SAYING was .......... The battlefield is going well. Because it is never wise to talk about these actions until done.
Even said on MONDAY CC ............ Sorry I have to leave this page out from our files to share with You Family. Our TEAMS are not concerned with Mosul ........... Said we STUDY .......... FALLUJAH. Our STUDY is NOT the same as the irresponsible Media. Logic says NO CITY is fully liberated ........... Look for Flags. Sir ..........
PJ ..... As You know ..... The true agenda concerning the battlefield is to confuse via rumors or media. Not to give details. GHOST is not in this city ........ He is in the next one that time will eventually tell us.
Hope this helps Sir .......... Blessings. KTFA Frank