Post From Wealthwatch.world Chat Room 10-18-15
Wealthwatch Late PM Early AM Chat 10-18-15 Part 1 of 2
TxBrand: is the IQD still at 1122 ?
Stash: Yes on XE
Tootsie: ‹@TxBrand› yes, cbi today ~the one that counts ~ 3054 15-Oct market 1,222 auction price 1,166 volume 191,586,000 cash 15,375,000 176,211,000
Tootsie: last one reimittances/credits , hit enter too early, sorry
Tootsie: valuation changes on forex charts steadily. I think IMF if only concerned with the cbi market rate, ~~ don't quote me though LOL
Tootsie: Netdania showing (forex) currently ~ high 1123.5 and low 1123.2 (current @ this time) 18:1218 - shows 52 week high 1166 and 52 week low 1123.2
Tootsie: Can't wait for it to show ~~ more like 11.63 (which would be 0.086, much better would be 0.310 or 3.22 wheeeeeee
Tootsie: Have a great evening peeps. keep smiling - makes us feel a bit better :smile:
Winnerdinar: Sunday, October 18, 2015 - 06:00 Announcement on Sanctions Removal Expected Today National A senior nuclear negotiator said the July nuclear deal would reach a key milestone today, formally known as the Adoption Day, when parties to the accord start making arrangements and preparations for implementing their commitments.
As agreed under the pact, on the Adoption Day, the US, the EU and Iran announce a series of measures to comply with the pact that will take effect once the UN nuclear agency confirms Iranian compliance with terms of the agreement.
"As the legal procedures for approval of the deal in state parties have been completed, Sunday, the 90-day mark [after the deal was endorsed on July 20 by a United Nations Security Council's resolution], will be announced as the Adoption Day," Abbas Araqchi said on Friday.
The agreement between Iran and the P5+1 (the five permanent members of the UNSC plus Germany), officially known as the Joint Comprehensive Plan of Action, will give Tehran relief from sanctions in return for temporary constraints on its nuclear program.
Araqchi said Foreign Minister Mohammad Javad Zarif and European Union foreign policy chief Federica Mogherini were due to release a joint statement today, IRNA reported.
"The EU ministerial council will terminate EU sanctions. US President Barack Obama will cancel previous executive orders authorizing sanctions and will cease congressional sanctions.
All these will be formally announced." However, these decisions will not go into effect until the Implementation Day, when Iran is confirmed to have fully complied with agreed measures, the head of the Foreign Ministry's committee for implementation of the JCPOA noted.
Joint Commission to Meet The Joint Commission, to be established in compliance with the action plan, will hold its first meeting in Vienna on Monday, Araqchi said, adding that discussions about details of the two sides' commitments until the Implementation Day will be among the topics on the agenda of the one-day meeting.
Winnerdinar: Sunday, October 18, 2015 - 06:00 New Monetary Package to Stimulate Growth EconomyBusiness And Markets The government has opted for more quantitative easing in its much-anticipated incentive package released on Saturday.
The new policy shift was announced at a joint press conference attended by Economy Minister Ali Tayyebnia, Head of the Planning and Management Organization, Mohammad Baqer Nowbakht and Governor of the Central Bank of Iran Valiollah Seif.
The three, close confidantes of President Hassan Rouhani, outlined a plan of action to pump more liquidity into the economy beset by a long-running recession.
"The two important goals in this package, namely curbing inflation and stimulating growth, are to have a lifespan of six months from the 'adoption day' of the nuclear deal [with the big powers] until the sanctions removal phase commences," Nobakht said.
He added that the plan is based on the resistance economy, a notion introduced by Supreme Leader Ayatollah Seyyed Ali Khamenei, which seeks to promote domestic production and non-oil exports, IRNA news agency reported.
The Majlis (Parliament) this week passed into law the nuclear deal between Iran and the six world powers (officially known as the Joint Comprehensive Plan of Action), which a day later was endorsed by the powerful vetting body the Guardian Council.
During the implementation of the JCPOA, the international sanctions, imposed on Tehran over the dispute over its nuclear energy program, should be removed. Rouhani's government has made tackling inflation its top mission.
It has succeeded in bringing down the inflation rate to 15% from a giddy40%. But the lingering recession has indeed turned out to be more perilous than was anticipated earlier. Tayyebnia said a slowdown in the global economy and steep declines in the international price of oil made the new strategy and stimulus package inevitable.
He said that the general expectation that the economy must make a turnaround in the post-sanctions era had put on brakes on their spending, nam
Winnerdinar: Sunday, October 18, 2015 - 06:00 Expert Predicts IAEA Will Clear Iran of Charges National Although opponents of the international nuclear accord between Iran and major powers will not stop attempting to block its implementation,
the historic deal is so important that the International Atomic Energy Agency's board of governors will likely acquit Iran of all charges regarding its past nuclear activities to clear the way for the pact to come into effect, a former nuclear negotiator comments. Sirous Nasseri made the remark in an interview with IRNA published on Saturday.
Expressing pleasure with the IAEA report issued on Thursday, Nasseri said, "The IAEA's assessment indicates that the whole process will result in Iran's exoneration; nonetheless, the verdict may not be finalized early."
According to the IAEA report, in the period to October 15, activities set out in the roadmap for the clarification of past and present outstanding issues regarding Iran's nuclear program were completed. The roadmap was signed between Iran and the UN nuclear agency on July 14 alongside the nuclear deal between Iran and major powers.
As part of the nuclear pact Iran agreed to implement measures envisaged in the roadmap and undertake other activities to scale down its nuclear work to pave the way for the lifting of sanctions by the UN, the EU and the United States.
It also said, "By December 15, Director General [Yukiya Amano] will provide, for action by the board of governors, the final assessment on the resolution of all past and present outstanding issues."
"Under the mid-July nuclear accord, the P5+1 (the five permanent members of the United Nations Security Council plus Germany) are committed to resolving old disputes based on the IAEA report and it is very unlikely that they run the risk of scrapping the momentous international agreement," Naseri pointed out.
Attaching great importance to the Guardian Council endorsement of the parliamentary bill that calls on the government to take "reciprocal and proportion
Winnerdinar: there is some sort of agenda going on here with a clear violation of the recent UN samctions
Winnerdinar: They seem to be ignoring that recent missile
Winnerdinar: Looks like Iran is set to take the world stage and it appears to be at the same time that Iraq is passing their invetment law Winnerdinar: www.tehrantimes.com/index...
Winnerdinar: EU to lift anti-Iran sanctions Sunday: Araqchi TEHRAN - Iran’s Deputy Foreign Minister Abbas Araqchi said the European Union will lift sanctions against Iran on Sunday, as announced by EU deputy foreign policy chief Helga Schmid during the Munich Security Conference (MSC) in Tehran.
“In today’s meeting of Munich Security Conference, European Union deputy foreign policy chief Helga Schmid noted that the European Union will lift its sanctions against Iran on Sunday,” Araqchi stated.
Schmid also stressed that Iran’s missile tests have nothing to do with the nuclear deal, officially known as the JCPOA, and must be discussed within their own related framework, Araqchi added.
In response to a question on U.S. Secretary of State John Kerry’s recent remarks about the reversibility of sanctions against Iran, Araqchi stressed that such reversibility is true for both sides.
He stated, “If the other side does not comply with its commitments, Iran too will step back from its commitments,” he said. Araqchi also denounced Kerry’s remarks on the perpetual inspection of Iran’s nuclear activities as mere ""wordplay"". (Source: Mehr)
Winnerdinar: anyone awake?
BOBBY: I know i am...... reading your posts
Winnerdinar: im tired pal im at work on the night shift - but I am excited for the news that is coming out this week for iran and Iran
Donnie: "I am beginning to move in the direction again that the CBI has already told up when to look for the RV. They have told us last spring that that the “project to delete the zeroes” will be postponed until January early 2016. "
BOBBY: Lol been doing nights for last 15 years .... know the feeling
Donnie: I was away all day. just getting in. Any "real" or "important" news out today? Donnie: too tired to read the archives.
Winnerdinar: ‹@Donnie› a lot of stuff coming out from Iran
Winnerdinar: sanctions for europe to be lifted on sunday which is today for me
Donnie: possible increase in currency exchange rate for Iran?
Winnerdinar: I kinda dont think so but it is interesting that they are to announce a load of new econimic reforms today as well
Winnerdinar: so fingers crossed
Donnie: even $.10 per Rial will save my unemployed arse!!!
Donnie: wow usd/iqd still holing on to 1122
Winnerdinar: ‹@Donnie› If it comes out at 10 cents I am truely laughing
Winnerdinar: I have more rials than dinar
Donnie: 1122 since mid-day Oct 13th. lowest in 10 years
Donnie: ‹@Winnerdinar› good for you!!
chattels: ERBIL, Kurdistan Region - The Kurdish political party known as the Gorran, or Change, Movement is holding its monthly meeting with top officials in Sulaimania, a party representative told Rudaw on Sunday. “Today’s meeting is the regular monthly meeting, but due to current situation we had to delay it for several days,” said Adel Aziz, a Goran parliamentarian.
“We will discuss the most important matters in Sunday’s meeting,” Aziz added without revealing further information about the meeting's agenda.
This is the first meeting for Goran since parliament speaker Yousif Mohammed and other Goran ministers were dismissed from the Kurdistan Regional Government. Last Monday, Gorran said its rival Kurdistan Democratic Party (KDP) blocked Gorran parliamentarians, including Mohammed, from entering Erbil. chattels: rudaw.net/english/kurdist...
chattels: The House of Representatives has transmitted the report of his committee for the investigation in the fall of Mosul to the judiciary after vote on it at its 17 last August.
The report includes a charge large number of officials and military commanders, most notably former Prime Minister Nuri al-Maliki and the governor of Nineveh article Ethel Najafi and the army chief of staff shops for retirement Babacar Zebari and the leaders of other senior army officials as government.
chattels: Al-Shammari told all of Iraq [where], "The commission of inquiry in the fall of Mosul, worked in a professional, and completed its tasks and it took her more than seven months, and the results were presented to the people of the report and raised the files the case to the public prosecutor and duty of these files study."
He added that "the judiciary is independent is not entitled to a intervention in which we respect the judiciary and constitutional foundations exist. " He said Shammari that "the public prosecutor has a duty and I think they are working on these files."
chattels: Among Zamili's [where], that "s important and serious and affects the security establishment and stability of life and passed by Iraq after June 2014 and there are accusations by several figures and As as a committee formed Parliament have the right to personal follow up on it and our mission ends to hand over the file to the government and the judiciary involved parties being we have made a great effort,
"noting" will follow [the investigation] after the Eid al-Adha holiday and referred the accused to justice or against whom an arrest. chattels: www.alliraqnews.com/modul...
chattels: the House of Representatives held its regular, on Sunday, in the presence of 211 deputies. A reporter for the agency all of Iraq [where] that "the meeting was held under the chairmanship of Salim al-President of the Council." It includes agenda of the meeting according to a statement to parliament ........." chattels: www.alliraqnews.com/modul
chattels: hold the House of Representatives, its regular Sunday to vote and read a number of international conventions and the laws of other projects. chattels: www.alliraqnews.com/modul...
chattels: Office of the Prime Minister Haider al-Abadi likely approval of the Council of Ministers in its meeting scheduled on Sunday exceptional draft financial budget for the 2016 law.
His spokesman Saad al-Hadithi told all of Iraq [where], that "the budget bill will be presented today to the cabinet for a vote and likely passed, but each case, the project is still in circulation and can not talk about the final figure for the size of the budget only after sending it to the House of Representatives."
He added " change may occur in the budget at the last minute the size of the Cabinet discussions and therefore it is difficult to announce the final figure for the amount of the total expenditure in the budget law before the approval of the Council of Ministers.
"He pointed newborn to, that" determine the total budget will be put to discussion and there are a team working on the budget a few days ago and will be provided to the Council of Ministers,
"noting that" the debate would apply to budget items will not be meeting only be a vote and a show of hands and there may be changes in the final moments on the exact figure of the budget may get upgrade or downgrade Jeep what is going on and what is happening from the deliberations within the Council of Ministers today. "
chattels: "He added," We believe that there is a chance to pass the budget shortly asymptotic to the time passed by the current year's budget do not think that the debate around in the parliament will drag on, as was the case under the previous governments.
chattels: as reported by the Ministry of Finance accounts slightly higher deficit next year's budget in 2016 by 1.5% from last year's budget in 2015, which was of 25%, has calculated the revenues derived from export of crude oil based on the average price of $ 45 dollars per barrel and the rate of export of 3.6 million barrels per day,
including 250 000 barrels per day of product quantities of crude oil in the Kurdistan region and 300 000 barrels of crude oil quantities of the product by the province of Kirkuk, and that all revenue realized actually income once the public treasury of the state to account.
chattels: " .............. including 250 000 barrels per day of product quantities of crude oil in the Kurdistan region and 300 000 barrels of crude oil quantities of the product by the province of Kirkuk, and that all revenue realized actually income once the public treasury of the state to account." chattels: www.alliraqnews.com/modul...
chattels: It appears that the " oil agreement " with Kurdistan incorporated into the 2015 budget may remain the same, as best I can determine.
chattels: Again, production volume and depository arrangements for revenue appear to be the principal components. Presumably the " share " of the budget allocated / distributable to the KRG is the same.
chattels: Can they make it work this year ? We shall see ?
chattels: Whether the budget is 1) approved by the COM and 2) whether Parliament approves in a timely manner may be the best indicator of the prospects of success.
chattels: the third blast in Baghdad within 24 hours martyrdom and wounding seven civilians www.alliraqnews.com/modul...
chattels: official data showed on Sunday reduced Saudi crude oil exports in August / August to 6.998 million bpd from 7.276 million bpd in July. And provides Riyadh and other members of the Organization of the Petroleum Exporting Countries [OPEC] monthly figures to the shared data published by the Organization in its initiative www.alliraqnews.com/modul...
chattels: Talal Zobaie announce the formation of a tripartite committee to investigate corruption in state ministries and government institutions files 10/17/2015 11:02 BAGHDAD / National Iraqi News Agency / nina / Chairman of the Parliamentary Integrity Committee Talal Zobaie announced the formation of a tripartite committee to investigate corruption in state ministries and government institutions files.
"He said the Iraqi News / Nina / National Agency that the committee, which consists of members of the Integrity Committee Alapeh and investigators Integrity Commission and the investigators and judges from the judiciary, has initiated an investigation into Modjodh files of corruption in state ministries and government institutions,
pointing out that "the most prominent files that are being investigated now, is the Ministry of oil licensing rounds, files armament in the Ministry of Defense."
He explained, "that the committee presented to the media the overall achievements of the work of the judiciary and the Integrity Commission and the Parliamentary Integrity Committee, and the sentencing of a number of ministers, government officials and memoranda of recruitment and call the right of others, in order to show the Iraqi people what has been done to fight corruption and the corrupt.
"He said Zobaie" the existence of arrest warrants and call the right number of ministers and government officials, we will do over the next few days, indicating that it was preventing travel covered by the investigation into the files of corruption, pointing out that "the mass demonstrations has given strength and momentum as additional to the Integrity Committee to work in order to show the truth and expose the corrupt " chattels:www.ninanews.com/News_Det
chattels: " .......... the committee, which consists of members of the Integrity Committee Alapeh and investigators Integrity Commission and the investigators and judges from the judiciary, has initiated an investigation into Modjodh files of corruption in state ministries and government institutions,
pointing out that "the most prominent files that are being investigated now, is the Ministry of oil licensing rounds, files armament in the Ministry of Defense."
chattels: " .............. in order to show the Iraqi people what has been done to fight corruption and the corrupt. " ..................... " the mass demonstrations has given strength and momentum as additional to the Integrity Committee to work in order to show the truth and expose the corrupt " .
chattels: So, the impetus is to meet the demands of the populace and it is right " to show the the truth and expose the corrupt. "
chattels: Deputy for the citizen: the National Alliance announced soon for paper reforms include 6 axes 10/17/2015 10:35 BAGHDAD / National Iraqi News Agency / nina / MP from the bloc of Hassan Khalati announced that the National Alliance would soon present a paper reforms include 6 axes.,
Said the National Iraqi News Agency / Nina / that "the reforms currently on the table untouched true reality and we need radical reforms affecting the daily life of citizens in addition to economic and financial reforms to the operation of labor.
"He added Khalati" The National Alliance is about to present a paper reforms six axes to parliament focusing on judicial reform and reconsider a lot of financial and economic matters and give the right to pension even to non-employees.
"The head of the Ministers began a few months ago a series of reforms aimed at reviving the Iraqi economy and the fight against corruption. chattels: www.ninanews.com/News_Det.
chattels: " the reforms currently on the table untouched true reality and we need radical reforms affecting the daily life of citizens in addition to economic and financial reforms to the operation of labor. "
chattels: The National Alliance is the party of Abadi, but one has to wonder whether these reforms are intended to support Abadi or criticize / undercut Abadi's leadership on the reforms and constitutes political posturing by other Shia, i.e., I smell Mr. Maliki and others in this.
chattels: Daash blow up bridges one hand Qayyarah south of Mosul 10/17/2015 12:59 Mosul / National Iraqi News Agency / nina / oldest elements of al Daash to blow up a bridge hand Qayyarah 0.45 km south of Mosul. According to local residents the National Iraqi News Agency / nina /: "The organization Daash oldest to blow up strategic bridge that connects the Mosul".
He said the population: "The bombing of the bridge and cause major damage in the homes of citizens and wheels." They pointed out: "The Daash Fajkh most residential neighborhoods in hand Qayyarah, fearing provides security forces," .
chattels: Increasingly, DAESH appears to be on the defensive and likely anticipating further advance upon the surrounding areas of Mosul by ISF ( Peshmarga most likely )
chattels: Albjara warning of the bankruptcy of most of the private banks in Baghdad as a result of the financial crisis and confusion laws and regulations 10/17/2015 9:44 BAGHDAD / National Iraqi News Agency / nina / member Nora Albjara Economic Commission warned, from the bankruptcy of most of the private banks in Baghdad as a result of the financial crisis and confusion regulations and laws.
She Albjara told the National Iraqi News Agency / nina / that "most private banks operate wrong the mechanisms will not abide by laws and regulations, adding, that "most investors and traders fear to deposit their money in banks for fear of infecting these banks a financial crisis or exposure to theft and bankruptcy."
and noted that "the majority of citizens who have the money in the banks pulled their money, including fear of the security and economic situation Masashm Most of these bankrupt banks ".chattels: www.ninanews.com/News_Det.
Comments may be made at the end of Part 2 Thank You