Poppy3: ... .80 CENTS...WILL NOT PULL IN ANY DINAR...HAS TO BE $1.20 OR BETTER TO BRING DOLLARS IN. ANTICIPATE NO LESS THAN A $1.25 BUT I STILL THINK IN MERELY DAYS THE $3.00 PLUS RATE.
CAN'T FILL THE BUDGET WITH ANYTHING LESS.
THEY MAY TRY TO DRAW IN USD FOR A FEW DAYS BUT I REALLY DOUBT IT
Q: [Any good news?]
Poppy3: SAME AS THE LAST REPORT RATE TO BE POSTED IN THIS FIRST QUARTER OF 2016 AND POINTING AT MARCH 1...NOTHING HAS CHANGED FOR ME TO THINK DIFFERENT.
TIME WILL TELL.
Q: [Has the old guard lost leverage throughout the MOF CBI etc and does Abadi have the the US and IMF total support?]
wmawhite : ...the IMF is steering this ship ….Once the IMF is ready to step aside then you will see the changes at the CBI...IMO.
The Technical Letter of Agreement are no different than a contract...there is no wiggle room...it states that the government "will" do.
Prior to publishing the Letter of Agreement the IMF stated that they expect Iraq to enter the economy market...well, they are not part of those markets because they have nothing to join with...so, we are going to see soon what we are looking for.
AL: There seems to be some indication that the new rate is going or has gone live in Iraq
TBarts: Ponder this...if the rate went yesterday, as we have been assuming per tweet and others confirmations. Like Tony and DChad told us we might not see it here for 4-10 days which is still before month end.
Dutchie: I subscribe to a quote of the day from Abraham Hicks, this is this mornings quote, "When you wake up in the morning, the cells of your body have pushed the reset button. And if you don’t reintroduce negative beliefs that you have about your body or about your ability, as soon as you wake up—then you have a fresh start."
Tishwash: Iraq and Iran to sign a protocol for trade cooperation
AGHDAD balances News
Minister of Commerce signed agency Mohamed Xiaa Sudanese with the Iranian side a protocol of trade and economic cooperation between the two countries especially in the field of secure oil material for the benefit of the ration card items.
The Sudanese during a joint press conference with Iranian Nematzadeh counterpart and attended / balances News /, "The meeting included discuss promotion of bilateral and strategic ties between the two countries and agreed to open the prospects for trade and economic cooperation and securing ration card for Iraq vocabulary special material for edible oil."
He added, "It was an exchange of views for cooperation in other areas and the establishment of a private in the field of reconstruction and rehabilitation of supermarkets, warehouses and granaries of the Ministry of Commerce of joint projects."
He said, "The trade protocol will be positive on the economy of the two neighboring countries impact, stressing Iraq's desire to better relations with neighboring countries, the establishment of a private Islamic Republic of Iran," pointing out that "Iraq and Iran have excellent relations in many fields."
And the minister said that "the Ministry of Commerce has a spacious work sector, especially in investment and the development of economic relations with regional and world countries fields and is located on the responsibility of securing the ration card to the Iraqi people vocabulary," pointing out that "the ministry has sought to overcome all the obstacles that accompanied the supply contracts and worked on a new approach medium-term and long-term in this regard. "
He pointed out that "the ministry within directed the state to support the private sector has worked to create a partnership in the establishment and rehabilitation of some civil factories in order to secure the vocabulary of the ration of the local product, as well as contracts with state-owned factories plant Kalziot and sugar mills where they were locked sugar completely from the domestic product."
"The Ministry of Commerce is imported annually 400 thousand tons of oil material to be distributed to citizens within the ration card and is seeking to secure this article through external contracts with origins especially known from Iran, Egypt and Ukraine due to the reluctance and Nkol some companies that the ministry contracted by the former which companies from Turkey Emirates, Australia and Lebanon were placed on a blacklist to deny the contract with the state Department in the future, "adding that" the agreement with the Iranian side, which will be up to 10 thousand tons of this article for securing Iraq. "
He pointed out that "The meeting also included a discussion of cooperation in trade, economic and other fields, especially in trade of construction materials and support the national industry," explaining that "there is a mechanism for cooperation to assist the ministry's companies in the rehabilitation of supermarkets, warehouses and granaries of the ministry" .anthy 29/ LINK
Imperium: Brazil ditching dollar to boost Iran trade http://www.presstv.ir/Detail/2016/02/17/450767/Iran-Brazil-trade-sanctions-dollar-Monteiro
Lostnq8: Beamer - China is not being so subtle these daze - looks like they are ramping up to be the #1 economy in the world
Emailed to Recaps:
China’s central bank injects another 10 billion yuan into system
Feb 16, 2016 11:53 p.m. ET
China’s central bank injected an additional 10 billion yuan ($1.5 billion) in short-term loans into the banking system Wednesday, in a move aimed at ensuring liquidity after the Lunar New Year.
The People’s Bank of China pumped 10 billion yuan of seven-day reverse repurchase agreements into the money market, its third such operation this week.
It injected a total of 40 billion yuan via similar tools in the previous two days. A net of 595 billion yuan worth of reserve repos will mature this week, according to Wind Information.
In addition, China’s central bank set the yuan weaker Wednesday, shifting the daily U.S. dollar-yuan benchmark upward to 6.5237 from yesterday’s 6.5130, representing a 0.16% depreciation of the yuan. The adjustment of Wednesday’s yuan midpoint was the second in a row that weakened the currency.
Walkingstick: Wednesday, February 17, 2016 08:05
Kurdistan declares its readiness to deliver the oil to Baghdad in exchange for payment of staff salaries
Erbil / Baghdadi News / ... announced that the Kurdistan Regional Government, its willingness to hand over the oil production of the Federal Government, in exchange for payment of salaries of employees of all the region.
The presidency of the Kurdistan Regional Government in a statement received / Baghdadi News / copy of it, "the Kurdistan Regional Government to declare their acceptance of the proposal made by Prime Minister Haider al-Abadi, on securing all the territory salaries of the staff of one million and four hundred thousand people," indicating that "the region needs a month to 890 billion dinars to pay salaries, including 336 billion dinars for the Peshmerga forces. "
She stressed the territorial Government, "that it is willing in return hand over all oil production for the federal government," pointing to "the importance of continuing the dialogue and the implementation of legal compliance with the federal government on the basis of mutual interest and to ensure the legal and financial benefits of federal revenues in accordance with the Iraqi constitution."
The Prime Minister Haider al-Abadi said during a television interview, he suggested that the Kurds provides oil-for-pay Alakulaim.anthy 21 / N salaries
http://www.albaghdadianews.com/economy/ ... NzJnl.html