quallen » March 27th, 2015, 11:08 am Hello Frank, I may be a little slow but I haven't see any response to this article. Nice to see some reference in the MSM
Frank26: We are aware of this and find it good for world banks to agree with moral and honest rules of engagement.
But we STUDY the steps on the IRAQI BANKS with INTERNATIONAL BANKS.
This is more for banks outside Iraq preparing to do business with each other.
It's all good for the MR STEPS.....Direct or indirectly. KTFA Frank
EXOGEN March 27, 2015 at 11:31am
China Focus: Countries rushing to AIIB as deadline nears
BOAO, Hainan, March 27 (Xinhua) -- The Republic of Korea and Turkey have announced their decision to join the Asian Infrastructure Investment Bank (AIIB), the latest batch of wait-and-see countries to join as the application deadline draws close.
The move brought the number of countries and regions to apply as founding members for the China-proposed international lending institute to 37 as of Friday.
On Friday, China' s Ministry of Finance welcomed the decision and said the ROK will become a founding member by April 11 if other members approve.
The ROK and Turkey are part of an emerging wave of countries joining the AIIB which was started by Britain, who unexpectedly filed its application on March 12.
The bank now has 27 prospective founding members with the rest waiting for two-week approval, the ministry said.
The AIIB originally had 21 founders including China, India and Singapore which signed a Memorandum of Understanding (MoU) on the establishment of the bank last October in Beijing.
No western government was involved at that time.
The ice was broken on January 1, when New Zealand was officially approved as a founding member, the first developed economy to join. However, most developed economies remained uninvolved until Britain joined.
Since then France, Germany, Italy, Luxembourg and Switzerland have decided to join.
"It is good to see so many countries all over the world are joining, Asian countries and European countries," Hans-Paul Burkner, Chairman of the Boston Consulting Group, said on Friday during an exclusive interview with Xinhua, describing the trend as a very positive development.
But the United States and Japan, leaders of the World Bank and the Asian Development Bank (ADB) remained indifferent.
The Unite States has been too slow in accepting the necessity of the AIIB in the Asian world, Leo Melamed, the founder of global financial futures markets, said during the Boao Forum for Asia (BFA) Annual Conference 2015 held in Boao, a coastal town in south China's Hainan province.
"The AIIB is a very important move by Asia. I applaud that move. And it's necessary there is a development bank like such for the Asian world, whose economic volume is at least a third of the whole planet," said Melamed, Chairman Emeritus of the Chicago Mercantile Exchange.
The AIIB will be an international financial institution providing support to infrastructure projects in Asia, and is expected to be established by the end of this year.
Burkner said there is enormous need for infrastructure investments around the world and particularly in Asia with fast growing population, which is not possible for the World Bank or the ADB alone to satisfy.
"It also means more momentum in infrastructure investment, there will be cooperation and also some healthy competition with the ADB and the World Bank," he said.
Burkner also dismissed concerns on the AIIB' s governance and transparency.
"The more countries that participate, the more China allocates different roles and responsibilities," he said, noting the governance structure and transparency will keep improving in the process.
Experts believe that more countries and regions will choose to participate in the establishment of the bank, and the U.S. may be no exception.
"I think they will join because it will be foolish not to," said Melamed.
U.S. Treasury Secretary Jacob Lew will visit China as an envoy of President Barack Obama on Monday and Tuesday, just ahead of the deadline of March 31.
EXOGEN March 27, 2015 US rejection of AIIB a "mistake": US economist https://www.youtube.com/watch?v=XixhuiRHlMk&feature=youtube_gdata
EXOGEN March 27, 2015 China welcomes Republic of Korea to AIIB https://www.youtube.com/watch?v=linAOZ7hu_g&feature=youtube_gdata
EXOGEN March 27, 2015 CHINA USING OPERATION SKYNET TO TRACK DOWN FUGITIVE CORRUPT OFFICIALS
wilbur grodan March 27, 2015 at 11:44am
MARKET ACTION is a process of maneuvering CHESS PIECES
2 more business days REMAIN IN this MONTH and QUARTER
Doc March 27, 2015 at 11:49am
IMF’s Middle East Regional Technical Assistance Center Concludes Workshop on the “Sixth Edition of the Balance of Payments and International Investment Position Manual (BPM6)”
Press Release No. 15/144
March 26, 2015
The International Monetary Fund (IMF)’s Middle East Regional Technical Assistance Center (METAC) held a workshop on the “Sixth Edition of the Balance of Payments and International Investment Position Manual (BPM6)” in Beirut, Lebanon from March 24-26, 2015.
The workshop discussed in depth the major changes brought by the BPM6 and the tools to compile the balance of payments and international investment position (IIP) statistics as set forth in the BPM6 and the Balance of Payments and International Investment Position Compilation Guide (BPM6CG).The workshop also discussed the preparation and reporting of the balance of payments and IIP statistics according to BPM6format.
Discussions were active and involved case studies, country presentations, and focused on the balance of payments and IIP statistics conversion from the Balance of Payments and International Investment Position Manual, fifth edition (BPM5) toBPM6. In addition, issues, challenges, and plans to implement the BPM6 recommendations in the 12 countries attending the workshop were discussed.
In a final wrap-up session, participants were given the opportunity to identify potential areas for future METAC technical assistance support.
Officials from central banks involved in the compilation of balance of payments and international investment position statistics in the Middle East and North Africa (MENA) region attended the workshop. In total, 27 participants from Afghanistan, Egypt, Iraq, Jordan, Kuwait, Lebanon, Morocco, Oman, Sudan, Tunisia, West Bank and Gaza and Yemen attended the workshop.
TDooley: On the last several calls, it has been said that "Iraq is ready, everybody is ready and just expecting any second"; :good ole USA is ready from top to bottom. banks on standby with security, et al. IF that be, it means NOBODY is not ready, THEN what/who is holding it up!?
OkRocks: Tdooly and it was also stated when shabs & abadi is ready to say go they will do it... Iraq peeps and the world is ready for them to do so... the exact when is an unknown to us
RvAlready: The UN/IMF/World Bank are waiting for Iraq to RV the curency…This seems slow to us, because we don't see Abadi's schedule. But I'm sure he is busy every day
Imperium: IMO Shabs and Abadhi are waiting for the call that will give them the green light to drop this dime. Who that call will come from is another big question
logos12: ...the following stats are from the IMF website:
Since 1985 according to the IMF website: 100% of all RV's where the value has changed over $0.50 have occurred on a Wednesday. 100% of all RV's since 1985 have occurred in April or September
( http://www.imf.org/external/np/fin/tad/exportal.aspx?memberKey1=460&date1key=2012-02-29&category=EXCHRT )
Concan: Top 10 Countries with the most gold reserves
SandyF: Iraq on the forex newsfeed.
This is the first time I have ever seen Iraq mentioned on this newsfeed, must now be considered to be of interest to the forex community.
* Iraq oil minister says plans to revise contacts will not impact production targets
* Iraq oil minister expects average oil exports in March to hit 3 mln bpd, now at 2.9 mln bpd
* Iraq oil minister says expects Crude oil price to reach $70 by end 2015
Source: FXWire Commodities 27. March 2015 02:33:48
[michigander0131] Gunmen break into office banking and steal 35 000 dollars north of Baghdad
Thursday, March 26, 2015 BAGHDAD / Baghdadi News / ..
A security source confirmed on Thursday that the gunmen who stormed the office of the franchise, and stole US $ 35 000, north of Baghdad.
The source said to the reporter / Baghdadi News /, that "unidentified gunmen wearing military uniforms broke into the banking shop in north Baghdad Shaab district and opened fire on the owner, resulting in the injury seriously injured."
"The Muslha stole $ 35 thousand dollars, and then fled to an unknown destination."