ZOCHOWSKI: EVENING "DELTA"
CAN YOU COMMENT ON THE LAST POSTING OF THE REQUEST 4 MONTHS AGO!!!!
THIS ALSO POSSIBLY TIES TO YOUR 2 WEEKS AGO, 90%??? DONT IT???
DELTA: THE PROCESS TO GET A CREDIT IT TAKE ONLY 4-6 WKS,
SO WHY IN CASE OF IRAQ IT'S 4 MONTHS ?
THEY ARE WAITING FOR THE TRUE RATE AND ARTICLE 8 , AND SINCE THE OLD 50 NOTE IS NO LONGER VALID. CHANGE IN THE EXCHANGE RATE REGIME IS COMING.
iggy :if i am not mistaken...Iraq has to be internationally recognized with a international rate before they can get a credit rating...what's that on the horizon???...
Aggiedad77: Good afternoon Z, Delta, WS, JJ, Frank....Family
I am seeing, reading, and comprehending the same thing....this appears to have started 4 months ago, maybe late January, probably near the first time we heard mention of Iraq talking to Citibank and Deutsche Bank.....
IMO this is where they will get the rating they want....something definitely higher than a "-B" rating.
I agree with Delta too, they surely won't divulge the full picture to us at this stage.....also agree that something needs to give way in the near term, within weeks.
The article that WS and JJ found seems to be stating the obvious to me....the better the rating they can get the lower the interest rate will be, the lower the risk to the investor, and the better the discount.
See Article Here: http://www.dinarrecaps.com/our-blog/delta-zochowski-and-ktfa-members-early-saturday-evening
It sounds like they are confident that other countries see Iraq as a worthy risk due to prior history of debt repayment...plus they have an exceptionally large reserve of oil that will certainly aid in backing a better credit rating.
Definitely no sign of panic that a lower rate is being expected....their demeanor is seems to signal that things are on course...remember Citibank and Deutsche Bank were part of the meeting agenda when PM Abadi and I believe Finance Minister were in Washington a few weeks ago.....history in the making is my twist on this....the BEST is yet to come......sooon. Aloha Randy
Walkingstick » May 2nd, 2015, 9:55 pm
High-ranking delegation from the World Bank to Baghdad to meet the budget deficit
Economic Since 05/02/2015 16:48 pm (Baghdad time)
Special scales News
World Bank Plans in the Middle East and North Africa increase its investments in the region in the coming years to help countries deal with the political turmoil that make up the pressure on the local economies.
A senior source in the bank's / scales News / that "a senior delegation from the bank will visit Iraq this week to discuss with Iraqi officials ways to help them cope with the budget caused by the decline in oil revenue deficit."
The source, who spoke on condition of anonymity, said "Iraq affected the price of oil down because a main source, adding that the delegation would discuss with Iraqi officials to help the Iraqi government to Saad budget deficit."
This "financial Iraq have been hit hard by the drop in oil prices, at a time when the government is facing a rise in military spending because of the war waged by terrorists to organize Daash" .anthy 29 / d 25 LINK
Wilbur grodan MARKET ACTION - You can almost hear the SLEIGH BELLS...
Wilbur grodan May 2, 2015 at 7:28pm
IRAQI TELEVISION - Segment consisting of extemporaneous interviews with 'Baghdad Travel & Tourism' industry representatives. Men and women professionals were interviewed during this ten minute segment. Everyone interviewed appeared ecstatic to the point of distraction. They were barely able to engage in conversation while grinning ear to ear as never before seen in the two years we have been monitoring.
R.V./GCR > wilbur grodan Watch the GOI separate from the CBI ......TIMBER
D.K.C. : Hub a lady that runs my operation for me, i got her in this three years ago, had her wf branch mgr call her two times this week to tell her its ready, she needed to get ready, no time, just its here. this lady runs the company for me and i trust her completly.
Millionday: I HAVE HEARD IT WAS OVER THIS WEEKEND ... THE THING IS -- I DON'T SEE ANYTHING IN ITS WAY ...
WITH THE EU AT THIS POINT IS VERY IMPORTANT --
THEY ARE IN SUCH A DIFFERENT PLACE THAN THEY HAVE EVER BEEN IN ... AND THE KURDS ARE IN COMPLETE AGREEMENT WITH IRAQ AT THIS POINT TOO --
THE ERBIL AND OIL AGREEMENT -- SO THEY HAVE SAVED IRAQ FACE IMO
Poppy3: I AM IN GREAT ANTICIPATION OF HEARING NEWS IN THE NEXT COUPLE DAYS THE IRAQ DINAR HAS A NEW INTERNATIONAL RATE
BGG I must say - I was a little disappointed to "not be rich" yet this AM...it's early yet.
Q: [You really think we're THAT close BGG?]
BGG probably... the news looks very promising. Aside from the normal "two steps forward - one step back" flavor - it's pretty good financial news.
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