R.V./ GCR: May 18, 2015 if Iraq is selling bonds International there is a rate somewhere according to international law …I believe in my opinion they have about 10 days grace. Before transparency also prime minister said no one goes on break for Ramadan until monetary reform is finished…. all the rest don't listen
R.V./ GCR:May 18, 2015 Audio of + Zap/Poof https://youtu.be/FDjPWPVE2nA
Wilbur Grodan May 18, 2015 at 10:10pm
MARKET ACTION - Big things are possible < 24 !!
Freedom May 19, 2015 at 4:07am
China-backed AIIB founding members to meet in Singapore this week
Business | Tue May 19, 2015 12:26am EDT REUTERS/TAKAKI YAJIMA/POOL
Founding members of the China-backed Asian Infrastructure Investment Bank (AIIB) will hold a three-day meeting in Singapore this week to discuss operational policies for the establishment of the institution.
The gathering, called the 5th chief negotiators' meeting, will also discuss the draft articles of agreement for the AIIB in Singapore from Wednesday to Friday, a Singapore Ministry of Finance statement said on Tuesday.
The meeting will be co-chaired by Shi Yaobin, vice minister of China's Ministry of Finance, and Yee Ping Yi, deputy secretary of Singapore's Ministry of Finance.
A total of 57 countries have joined AIIB as its founding members, China has said, throwing together countries as diverse as Iran, Israel, Britain and Laos.
Among the Group of Seven (G7) industrialized countries, the United States, Japan and Canada remain absentees.
Washington had cautioned nations about joining the bank, seen as a rival to the U.S.-dominated World Bank, citing what it called a lack of transparency, doubts about lending and environmental safeguards, and concerns over Beijing's influence.
Beijing says it will not hold veto power inside the AIIB, unlike the World Bank where Washington has a limited veto.
Founder members will initially pay up to one-fifth of the AIIB'S $50 billion authorised capital, which will eventually be raised to $100 billion.
Q: [Do you think the rate could show on a bank screen before showing on CBI?]
wmawhite No, because any value will first be provided by the CBI.
[i would like to know, why usa is so difficult to get real banker to submit info?]
wmawhite If the bankers in the USA told the truth about the IQD they would not have any employees the day after the RV.
wmawhite Everything about this is OUTSIDE of Iraq...the revaluation is to other currencies outside of Iraq...Ramadi doesn't affect the IQD outside of Iraq.
Phantom1: The only thing I understand about Algebra: I look at my X and I wonder Y
I used to have an open mind but my brains kept falling out
The older I get the more I realize there are no grown ups and nobody knows what they are doing lol
The early bird might get the worm but the second mouse gets the cheese
Emailed to Recaps:
IMF plans could be the reason for delay:
KTFA Monday night Conference Call.
Approx. 137 minutes long
The first part of call is Business Promo, and the second part is Dinar/Iraq Intel
PLAYBACK # : 760.569.7699 PIN: 156996#
Islandg1211 » May 18th, 2015, 9:21 pm Frank, thank you for another very informative and thoughtful conference call.
You put it very concisely, that Iraq is on "a mission of the Monetary Reform."
A mission has many moving parts, and a date may be hard to be determined, but the objective is known. We just need to support the mission. God Bless.
Walkingstick » May 19th, 2015, 6:35 am
Najaf is preparing to launch smart card project instead of the ration
Tomorrow Press / Najaf confirmed the province of Najaf Council, on Tuesday, he was preparing to cooperate with the central government agencies to launch smart card project instead of the ration experimentally, noting that the project will be applied in one area of the then circulated in the province. He said council member Hassan al-Zubaidi for " tomorrow Press "," The smart card project in the very important needs of citizens, and will contribute to solve a lot of technical, financial and security problems, especially as much of the world are following this advanced system, "pointing to" the possibility of success of the project in the province of Najaf.
" He added "The province of Najaf advantage of the stability of the security significantly, and this factor promotes the success of the project," noting that "the project is a pilot will be launched in the Liberty area characterized by population density and limited opportunity to conduct this experiment.
" Zubaidi said that "the success of the project in the province will encourage its application in Pan Najaf first province in all governorates of Iraq Secondly, "pointing out that" the concerned authorities in Najaf and the central government is preparing to launch this experiment and completed all possibilities in preparation for launch next June.
" He stressed that "the Council of Najaf strongly supports this project in the hope that circulate in all conservative, because it would eliminate the red tape and contribute to alleviate the burden on the citizen, and the Council will provide support with all financial, technical and administrative for the success of the project types. " LINK
Walkingstick » May 19th, 2015, 6:44 am
State Shura» discuss «deposit insurance» .. eligibility banks raise interest rates to 12 percent
Government «optimistic» to «positive changes» to enable them to cover operating expenses and bridging the fiscal deficit
Baghdad, Mohammed Hadi
Economic Adviser to the Prime Minister says the appearance of Mohammed Saleh said that "positive changes" in the oil market, "revived cash for the government," and provided the employees' salaries and operating expenses to cover, in addition to the war on "Daash" expenses.
While the benefit of detecting debate Government draft guarantee bank deposits Corporation Law, executive director of the Association of private banks said that the recent does not suffer a financial crisis for the time being, adding that "interest rates at Ahli Bank recently reached almost 12 percent."
said Dr. appearance of Mohammed Saleh, Economic Adviser to the Prime Minister In a statement to "the world", that "the rise in the crude price indices, increased Iraqi exports taken to address the financial crisis experienced by the country," bis in other words, that such a crisis, "saw a major breakthrough with the present due to changes in the oil market."
saw prices Oil rose above $ 60 a barrel, after it was prices over the past few months do not exceed $ 50, at a time when oil exports in Iraq rise began after the oil agreement reached between Baghdad and Erbil.
emphasizes the benefit that this "rise" feeds the targets set at the law the general budget for 2015, pointing out that the government "guaranteed" financial flows, and this means that they are not afraid reluctance to cover ongoing expenses of salaries and operating expenses and provisions for the war against Daash.
expected economic adviser that these indicators may make it possible, "the shortfall in the budget to cover ".
The House of Representatives voted in January 2015 on the draft federal budget for the current year law, worth in excess of Al119 trillion dinars, and the inability of some 25 trillion calculates a barrel of oil at $ 56.
and alerts the favor to the different interest rates on deposits "between the bank and the last," But he said it was ranging between 6 to 8 percent in government banks, for the Iraqi dinars, adding that the dollar interest "does not exceed 3 percent."
Saleh revealed that the government is currently in the process of debate and then approve the guarantee bank deposits Corporation Law, pointing out that the central bank "Send the draft of this law to the Council of State to take its way to the legislation by the House of Representatives."
and see the benefit that the adoption of this law "solves many of the problems of the banks, it will also be a guarantee for depositors' money in private banks."
For his part, Director confirmed Executive of the Association of private banks to Tariq in a statement to "the world", said private banks "do not suffer with the present crisis in liquidity", However, he noted, "There are two banks only affected by the financial crisis."
Tariq It is alleged that these banks "sparing no effort to return the money depositors, who are interested in dragging them without any delay. "
refers Tariq to "higher interest granted by private banks to depositors, adding up to almost 12 percent rates, a move designed to encourage citizens to deposit their money at these banks in order to strengthen its financial liquidity and to play a role development ".
He praised the Executive Director for private banks to "ensure the banking Aldoaia law," noting that it "gives the citizen's confidence in the deposit their money at these banks."
But Tariq called for "the involvement of departments of banks in the preparation of the draft."
says Tariq The "cash crisis experienced by Iraq during the past few months made the government is moving towards the development of the private sector, particularly the banking industry. "
The oil ministry yesterday confirmed that an increase in sales for the month of May contributed to an increase of Iraqi cash reserves, indicating that the policy pursued was the reason for this "paradigm shift" .
media adviser to the oil minister Ahmed al-Saadi said in a statement stated "the world", "The sales increase for the month of May contributed to an increase of Iraqi cash reserves."
Saadi added that "the increased prices and rising exports constitute the backbone to increase the cash reserve", adding that "this The increase will contribute to the completion of Iraqis expected. "
The Oil Minister Adel Abdul-Mahdi said in (3 May 2015), that Iraq's oil exports for the month of April amounted to 92 million and 800 thousand barrels. LINK