AdminBill: A FEW RUMORS OUT IN DINAR LAND BUT NOTHING TO HANG YOUR HAT ON. MORE REPORTS OF EXCHANGES ON MILITARY BASES AND POSTS. THIS IS SOMETHING THAT I MUST SAY I DO NOT BELIEVE.
YOU CANNOT HAVE AN EXCHANGE WITHOUT A RATE. YOU CAN'T HAVE A RATE WITHOUT IT BEING ON EVERYONE'S BANK SCREEN AND YOU CAN'T HAVE AN EXCHANGE ON A MILITARY BASE FOR ACTIVE AND RETIRED MILITARY MEMBERS WITHOUT INVITING ME. SORRY IT MAKES NO SENSE.
THERE ARE A FEW NUGGETS GOING AROUND THAT WOULD SUGGEST WE ARE NEAR BUT NOTHING CONCRETE.
SO WE WAIT A BE LONGER. I EQUATE "ANYTHING POSITIVE" MEANING WE ARE AT THE BANK. SO FAR THAT HAS NOT HAPPENED WHICH MEANS I STILL HAVE TO GO TO WORK TONIGHT.
I STILL HAVE A WINDOW UNTIL THE 16TH WHICH COULD ALWAYS BE MOVED.
I AM IMPRESSED WITH INFORMATION THAT IS STRESSING EVERYONE WOULD LIKE THIS DONE SOONER RATHER THAN LATER.
Lostnq8: that is a good bit of news Adminbill.. Who is stressing sooner rather than later?
AdminBill: LOST - I AM TOLD ITS THE GOOD PEOPLE THAT HAVE BEEN TRYING TO GET THIS DONE.
Totempol: On a scale of 1-10 how important is the UN currency site. I think the numbers need to show up somewhere before we all go.
Zjb: Totem IMO that would be a public exchange. If that is what we wait for we will be going to the bank without appointments. It will not be showing a favorable rate on any indicators for the private exchanges we are all hoping for, for rate above the indicated market rate based on rate forward agreements.
If the rate forward agreements are legally drawn up which we should expect they are due to the legal requirements and regulations of banking, it should be no issue to exchange for a higher rate than the prevailing market rate IMO. zjb<---not an attorney nor play one on TV
BigSkyDJ: TAKE AS RUMOR!! I have heard that things are "busy" in Reno................once again. Hopefully this is the real deal
WingIt Monday CC Replay:
wmawhite I am not one that believes in a floating to a true value...and why...because the economy of Iraq is already a 1,000 times stronger than what its currency value currently depicts...and the IQD is as strong or stronger than every other country in the Middle East...yet, the IQD is anywhere from a 1,000 times to 10,000 times less in value than all of those other countries.
Millionday (Reposted) Article quote: "...the decision of the House of Representatives held during the month of Ramadan, Ptdmnha vote on the cabinet reshuffle, saying that any response from the Federal Court on the appeal «reform front» will binding on all the political blocs."
THIS IS THE ANNOUNCEMENT OF THE CABINET VOTE GOING ON EVEN WITH RAMADAN.
PARLIAMENT IS REQUIRED TO WORK DURING RAMADAN TO VOTE AND ATTEND THIS SPECIAL SESSION REQUIRED MANDATED BY ABADI... WHOOOPOW.
ReddStarr: Could we be seeing things coming to a close....IMO...sure looks that way...
Zebari thanked "the seven states" to provide "generous loan" for Iraq!
BAGHDAD / tomorrow Press: across the finance minister, Hoshyar Zebari, on Monday,
expressed his thanks and appreciation to his counterparts in the Group of Seven countries and the European Union for financial support "generous" obtained by Iraq to overcome the financial crisis experienced by.
A statement from the Ministry of Finance, received "Tomorrow 's Press , " a copy of " The finance minister met the heads of the UN and the EU missions and the Group of Seven and the European countries and the World Bank and the Japanese Agency for International Cooperation accredited to Iraq , " the statement added , " The minister has briefed Agreement Get ready 's credit (SBA) with the international Monetary Fund and the efforts made by the government's efforts to get the international financial support from friendly countries and international institutions to help Iraq to withstand and overcome the challenges faced by the war on terrorism and defeat al Daash terror on the one hand and narrowing the financial gap taking place in Iraq 's budget for 2016 and the years that followed .
" He noted that" Zebari expressed his gratitude to those organizations and countries for their support for Iraq at this stage, reflecting the international community 'sunderstanding of the challenges experienced by the extent of international support enjoyed by his government. " the Minister of Finance, according to the statement that" the government for its part will be faithful to its commitments under the standby credit program , which was reached recently between Iraq agreement and the international Monetary Fund, which has contributed greatly to stimulate the donor countries to provide adequate support, and enhance the credibility of Iraq 's finance in the global financial markets and the credit rating agencies LINK
ReddStarr: Sadr is letting everyone know that they are not going to sit back much longer...IMO....they want to see the changes...for the people
MT: I like the push from Sadr! Iraq has fallen back to their old habit of doing just enough to get everyone excited and off their back but there is always a lack of follow-thru. So frustrating and wasteful, that they won't do what is necessary to help themselves!
I hope this is just part of the plan to cover up the positive work going on behind the curtain....
Shia cleric Moqtada al-Sadr calls on Iraqis to rise up against government!
Iraqi Shia cleric Moqtada al-Sadr has called for a popular uprising against the Iraqi government over the slow pace of promised reforms. (AFP/File)
Iraq’s firebrand Shia preacher Moqtada al-Sadr has called for a “popular uprising” against the local government in protest against the slow pace of reforms.
In a statement issued Sunday, al-Sadr said the current situation in Iraq “does not augur well.”
“I’m waiting for a major peaceful revolution against Daesh patrons of terrorism and corruption in the current government,” he said.
“Hope remains with the people and the people must rise up one day,” al-Sadr added.
Iraq has been embroiled in a deepening political crisis since April, when al-Sadr loyalists staged a number of protests to pressure Iraqi Prime Minister Haider al-Abadi to unveil a government of technocrats untainted by corruption or sectarian affiliations.
Ghaleb al-Zamili, a member of the pro-Sadr Ahrar bloc in the Iraqi parliament, said there had been no progress regarding reforms pledged by the Iraqi government.
“Al-Sadr wants protests...to continue and wants to see a change on the ground with a view to serving the people,” al-Zamili told Anadolu Agency.
ReddStar: Now that's a lot of trading....and money....for one month.....
Iraqi Stock Exchange traded 156 billion shares worth 37 billion dinars during the last month!
Iraq Stock Exchange, announced on Monday, from 156.459 billion shares traded during the month of May, the value of 37.873 billion dinars, while rising stock and confirmed its value compared to last April.
The executive director of the market, Taha Ahmed Abdul Salam said that "Iraq Stock Exchange was organized in the month of May 20 trading session," noting that "the number listed on the market for the month of May, companies accounted for 98 companies were distributed among the (23 banks, two Communications, 22 companies industry, six farming companies, and ten tourism companies, and ten service companies, and six financial investment companies, 14 financial transfer, and three insurance companies). "
He said Abdul Salam, that "the number of traded shares in the market for the month of May, companies, amounted to 63 companies," adding, "The number of stalled companies from trading by the Securities Commission to stop trading on the shares of 16 companies did not provide annual disclosure and quarterly."
He said Abdul Salam, that the "number of shares traded during the month of May amounted to 156.459 billion shares while it was during the month of April 53.492 billion shares, while the value of shares traded in the month of May amounted to 37.873 billion dinars while it was in the month of April 23.534 billion dinars," he "the market recorded a rise in the May index compared with last April."
And on the market index confirmed Abdul Salam, that "the market index (ISX60) closed at the end of last May, on 510.230 points, down by 7.44% compared to its value to close the month of April of $ 551.22 point," explaining that "the index recorded its largest increase during the month session 4 May 2016, when it closed at 547.150 points, while the lowest low when it closed at 504.950 points, on 30 May 2016 session. "
Abdul Salam and pointed out that "the stock bought by Non-Iraqi investors amounted to 4.937 billion shares, while it was in the month of April 1.601 billion shares," asserting that "trades purchased the value of non-Iraqis for the month of May amounted to 4.652 billion dinars, while it was in the month of April 1.672 billion dinars LINK