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RE: Wed. Night KTFA Notes:
BACKDOC: I LIKE YOUR WINDOW FRANK. I'M WATCHING OIL VERY CLOSELY AND HAVE BEEN TRADING IT WITH PRECISION LATELY.
I KEEP THINKING OF THE ISX BEING CLOSED FROM THE END OF THE TRADING DAY ON MONDAY THE 27th!
I THINK ITS LIKELY THE WINDOW COULD START AT THAT POINT UNLESS THEY CONTINUE TO BLOCK INTERNATIONAL STOCK TRADES UNTIL THE NEW YEAR.
IF AN INTERNATIONAL RATE OCCURRED PRIOR TO THE 28th STOCKS WOULD HAVE TO BE BLOCKED FROM TRADING INTERNATIONALLY IF THEIR PLAN IS TO IMPLEMENT ON JANUARY 1st RIGHT?
SINCE PRESIDENT MASUM RECEIVED THE BUDGET WITH CHANGES ON THE 18 th IT BECOMES LAW EVEN WITHOUT HIS SIGNATURE WITHIN 15 DAYS.
I'M GLAD ITS ALREADY SIGNED.
INTERESTING THAT 15 DAYS TAKES US TO JAN. 2 nd!
THANKS FOR REMINDING THE FAMILY TO THINK LIKE A BANK BECAUSE WE SOON WILL BE RESPONSIBLE FOR MAKING DECISIONS THAT SOME FOLKS HAVEN'T PREPARED THEIR THINKING FOR.
WELL, IT'S TIME FAMILY TO GET SERIOUS ABOUT YOUR PLANS. JUST AS FRANK SAYS THIS IS PRECISION TIMING.
BLACK GOLD, MARKETS REACHING A MILESTONE, AND CONTRACTS WHICH MAKE THE BUDGET NUMBERS WORK. THIS IS NOW DOWN TO TIMING.
LET'S ALL ENJOY THE PROCESS FROM LAUNCH TO THE REAL VALUE AFTER MARCH 20 th.
THE MARKETS ARE LIKELY TO SEE SERIOUS VOLITILITY IN THE COMING MONTHS.
CHINA IS GOING TO HAVE SOME BAD DAYS AHEAD. THEY WILL BE MARGINALIZED.
THE DAYS OF UNFAIR TRADE WILL BEGIN TO CHANGE ON JAN. 20 DOC IMO
Frank26: TY DOC ................ i am impressed with Iraq and their MR ( monetary reform) ............ Lets see what happens over the weekend......... \m/
Bluedog: WHAT A FIND IF TRUE IT'S GOLDEN ……..OMG THIS IS WHAT WE HEARD TONITE ON FRANKS CC TONITE
Samson: Rasheed announced stopping operations of deposit and withdrawal of savings accounts as of Sunday
12/22/2016 - 09:33
Rasheed Bank, announced Thursday, to stop all operations of deposit and withdrawal of savings accounts from next Sunday, stating that he will close the doors of the bank last day and stop conducting various banking transactions for customers.
The bank said in a statement posted on his official website and seen "Economy News" him that "in order to make room for the branches of the bank staff to apply the annual accounts it will stop credit and debit transactions from savings accounts at all its branches."
He said the bank that "the suspension will be from next Sunday to Monday day on the second of Klnon second of next year 2017," noting that "he will be closing the doors the bank for the last day and stop conducting various banking transactions for customers with continued always normal for all branches of the bank.
Adfsbike: Imo what if the the Dow 20k and nothing, nothing, nothing then suddenly are connected? Perhaps the Dow hits 20k tomorrow, and nothing Thursday, nothing Friday, nothing Saturday, then something Sunday!? Just thinking out loud hear...
Cuuzdog: I like Tuesday thru Thursday for large financial release!!!! 20,000 Thursday? Absolutely amigo.... I say let it be so..
David12001: Brent Crude Oil price at $55.25 time is 0035 on 22-Dec-2016. Just thought I would post this.
Walkingstick: Although Iraq is one of the richest countries in the world on the face of the earth the World Bank agrees to lend Iraq billion and $ 485 million and parliamentarians warn of financial burdens will exhaust the economy
Orient - News section:
Although the World Bank described Iraq as one of the richest countries in the world on the face of the earth, but that Iraq was still borrow money because of the deficit budget , where the World Bank approved yesterday a new loan for Iraq worth 1.485 billion dollars to help Iraq to alleviate oil prices weak on the economy and bear thecost of the war against Daesh gangs terrorist,
at the time confirmed to the economic and investment commission in parliament member Mohammed Abbas , said the foreign loans obtained by Iraq weigh his shoulders, indicating that these loans where the terms and benefits must be adhered to, and the economic crisis that has made most of the officials adults in the government and parliament fear deposit their money in the Rafidain and Rasheed , and their branches in the provinces as the debts of these banks to the government and their status as "great embarrassment", as revealed by the economic and investment commission in parliament. Middle East director of the World Bank Farid Belhaj has said that Iraq is "locked in a deep structural reforms and widespread at the same time ,
which is fighting a bloody war against the destructive power." He Belhadj The wealth of Iraq's oil and gas constitute a guarantee of a well - established for the loan repayment. "He pointed out that" Iraq is one of the richest countries on earth, Iraq has a huge potential, Iraq has the ability to pay its debts. " This comes after the World Bank approved a new loan worth 1.485 billion dollars to help Iraq to alleviate the weak on the economy , oil prices and bear the cost of the war against Daesh gangs terrorist, adding that " the new loan brings the total financial assistance from the World Bank for Iraq to about $ 3.4 billion .
" he described the World Bank, Iraq as "one of the richest countries of the world on the face of the earth and has the ability to pay its debts. "He added Belhadj said that" Iraq 's wealth from oil and gas constitute a guarantee of a well - established to repay the loans. "for his part , stressed the economic and investment commission in parliament member Mohammed Abbas , said the foreign loans obtained by Iraq weigh his shoulders, noting that these loans where the terms and benefits must be adhered to.
He pointed out that "these loans are used to cover the deficit in the public budget , " explaining that " the shortfall in Iraq 's budget up to 21 trillion dinars and a large number need to payments to reduce the deficit." this situation is made most of the senior officials in the government and parliament fear deposit their money in the Rafidain and Rasheed , and their branches in the provinces, indicating that the debt of these banks to the government and their status as " a big embarrassment."
She said a member of the Committee of Economy and Alastmar parliamentary olive - Dulaimi said that " the government borrowed large amounts of money from banks , Rafidain and Rasheed, causing great embarrassment put banks in the economic movement in the market for lack of liquidity in the financial Khozainhma."
FrostytheSnowman: Updated Calendar
" what good are low hopes?" -- Joyce Meyers
Samson: Export Development Bank of Iran Dealing With 90 International Banks
Thursday, December 22, 2016
The Export Development Bank of Iran has rekindled its dealings with 90 international banks after the country reached a nuclear accord with world powers last year, announced the bank’s chief executive.
“After the nuclear deal was struck, we opened accounts with 23 banks and can now do business with 90 banks in 65 countries directly or indirectly,” Ali Salehabadi said in an interview with IBENA.
“The establishment of correspondent relationships will mean that LCs [letters of credit] issued by the Iranian side will be accepted and vice-versa.”
The EDBI chief noted that his bank has now ties with 20 European, 17 Asian and four African countries, of which Turkey, Belgium, Germany, Switzerland, Italy, Spain, Austria, India, South Korea, Japan and China are the most notable.
On goals set out to be achieved by the end of the current fiscal year in March, he said EDBI plans to develop its correspondent ties and establish contact with exim banks of countries such as Turkey, South Korea and Hungary to receive credit lines.
“Since receiving credit lines from other countries is done for the purpose of importing goods, we have only provided credit lines to other countries since the beginning of the year,” he added.
Salehabadi noted that in exports, the bank has so far allocated credit lines to Russia, Armenia and Iraq. He says the credit line to Armenia was worth $83 million and “$200 million were paid to Iranian technical and engineering services contractors in Iraq”.
The head of government-owned bank asked Iranian exporters to introduce credible banks they work with in different countries to EDBI for establishing contact with them and providing exporters with credit lines through those banks.
“This proposition works in the way that exporters receive the final cost of the goods from EDBI that will receive the money from a verified bank in the target country over two years,” he said.
“This kind of deal can be branded as buyer’s credit with the difference that exporters receive their money directly and in cash from EDBI and the interest will be collected from the buyer.”
A buyer’s credit is a loan facility extended to an importer by a bank or financial institution to finance the purchase of capital goods or services and other big-ticket items.
Salehabadi concluded by saying that financing is a way of developing exports and that is why the National Development Fund of Iran has considered a $1 million deposit in banks solely to strengthen exports.
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