Ironhorse13: Adminbill, any word on Iraq going International with thier currency?
AdminBill: YES. THE CHINESE, IN FACT ONE PERSON, AS I HAVE EXPLAINED RECENTLY, HAS BEEN ASSIGNED THE TASK OF MAKING SURE ALL DOTS ARE DOTTED AND T'S CROSSED. WE ARE AT THAT POINT NOW. AS OF YESTERDAY HE HAS NOT SIGNED OFF AS THE SIGNATOR FOR THE USA, IRAQ AND POSSIBLY IRAN. WE ARE CLOSE BUT NOT YET THERE.
Diogenes: Admin Is there any idea of what he is looking for to be completed or to be satisfied in signing off
AdminBill: HE IS LOOKING FOR THE FIRST RIGHT MOMENT. HE MAY ALSO BE LOOKING AT HIS PART IN THIS. THAT WOULD WEIGH HEAVILY ON ME. HOW DO YOU KNOW WHAT IS THE BEST TIME?
AdminBill: IRAQ IS A DISTRACTION IMO
LongLake: Iraq is is distraction but the the news coming out of there is VERY POSITIVE so that is good for the big picture. of course my opinion
Aussie: They are not going to put new money into an old system imo
AdminBill: I AM SURE THERE IS A PLAN IN PLACE THAT COVERS EVERY CONTINGENCY. IT IS A PROCESS THAT IS MANY DECADES OLD.
AdminBill: THESE SITES ARE BEING MONITORED FOR CONTENT, TRUTH, HYPE VS. REALITY AND MANAGEMENT. SO FAR WSOMN IS PERCEIVED VERY WELL I HAVE BEEN INFORMED.
I WAS SO INFORMED BY A CONTACT REPRESENTING THE CHINESE GROUP/S
Ragin cajum: are the chinese still in charge and if so what are they waiting on?
Curly: they are still catching bad guys… why would they want to go thru all this work to give it away to the crooks ? I wouldn’t
Plastictub: this is Ray's statement: The currency is International – still at the low rate, but we are waiting for it to rise. We had to get over that hurdle first. Our expectation was that it would go international AND revalue at the same time, but that was not a promise set in stone.
Skylar11: Then this is what Snowbird said, Snowbird: The currency hasn't "gone" international.... the sanctions against the currency were formally lifted on Saturday by UN Moon and IMF LeGarde and others, so it is once again an internationally "recognized" currency... that's the difference. This has to happen before what we want can happen. a big step in the right direction.
PlasticTub: it is my interpretation that the rate MUST be there before the WTO can recognize the currency
Cruiser: ck this out http://www.cbi.iq/documents/CBI_Strategic_Plan_E.pdf
Poppy3 I AM EXCITED THAT THE REPORT FROM THE FINANCIAL MEETING IN ABADI'S SPEECH SAID THEY WILL ENTER GLOBAL ECONOMY THIS WEEK.
HE REPORTED THEY HAVE THE HIGHEST GDP IN THE MIDDLE EAST.
WELL IF HIGHER THAN KUWAIT AND KUWAITS DINAR VALUE IS AT $3.38 then where can iraq VALUE BE. ...SOUNDS GOOD TO ME.
FreedomBoomer: Zimbabwe: The Curious Case of the IMF's Decision to 'Lend' to Zimbabwe http://allafrica.com/stories/201603280132.html
Freedomboomer: IMF says Iraq could secure 3-year standby deal by June http://af.reuters.com/article/commoditiesNews/idAFL5N1713AJ
Mountaainman: Hello ....Mac FLY.....this SCREAMS to me.....MOVE FORWARD w/Your NEW GOVRNMENT, VALUE,LAWS,HCL....Etc......THE END......
Doodlebug: I can HEAR Frank say it this way..."The World Bank says get your house in order by:
1) Reforming State-Owned Enterprises. Frank would say, "Okay, yea. We're doing that."
2) Even distribution of Oil Revenues. Frank would say, "Yup. Okay, we got that handled."
3) Addressing Chronic Shortages of Electricity. "DUH. Haven't you seen all the contracts that we have signed to fix this? GEESH."
All of this IMO of course! OH....ONE MORE THING..."IF IT IS IN PRINT, IT IS ALREADY DONE."
BOOM.--Doodle's, out yo!
Walkingstick: Get house in order, World Bank tells Iraq
One of the largest economies in the Middle East under twin threats from oil and terrorism.
BAGHDAD, March 28 (UPI) -- Faced with threats from terrorism and low oil prices, the world community is ready to help, but Iraqis make take initiatives, the U.N. secretary-general said.
U.N. Secretary-General Ban Ki-moon joined the heads of the World Bank and the Islamic
Development Bank in expressing solidarity with Iraqi leaders struggling to ensure financial and national stability. From Baghdad, the secretary-general said he was calling on regional and international partners to help support a threatened Iraq, though the Iraqis themselves needed to take responsibility to resolve crises.
"These reforms must include measures to empower women and young people, and to bring [about] greater social cohesion," Ban said in a statement.
Iraq's $200 billion economy is one of the largest in the Middle East, though several decades of conflict have taken on a toll on state infrastructure, while the recent collapse in crude oil prices has strained its financial coffers.
The International Monetary Fund more recently warned Iraq is facing twin economic shocks in the form of the national security threat posed by the Islamic State terrorist group and the steep decline in crude oil prices.
Conflict, the IMF warned, was hurting Iraq's non-oil economy because of trade disruptions, a loss of investor confidence and the destruction of infrastructure.
The World Bank, meanwhile, said Iraq "needs to put its economic house in order" by reforming state-owned enterprises, enacting more even distribution of oil revenues and addressing chronic shortages of electricity.
"Through demonstrating a commitment to such real changes, we hope Iraq can find the support it seeks to relieve its immense fiscal pressures in the light of significantly reduced oil prices," World Bank President Jim Yong Kim said.