Buckong Horse :Iraqi Government Declares 4-Day Holiday Over Severe Heatwave
BAGHDAD — Jul 29, 2015, 5:55 AM ET
Iraq's Council of Ministers has declared a four-day mandatory holiday beginning Thursday as temperatures are set to soar above 50 degrees Celsius (123 degrees Fahrenheit).
The statement, delivered on state-run Iraqiyya TV, is the second heat advisory issued by the Iraqi government this month.
High summer temperatures are standard in Iraq, but widespread power and water cuts complicate everyday life when the temperatures soar.
Residents are typically advised to limit any outdoor activities for the duration of the heat wave.
Mountainman: You see The MONETARY REFORM is sooo HOT.....They have to move that Rate for Liquidities sake!!!!!!! lol
tommy17 :I find the timing of these holidays interesting" with the tariffs and bonds coming out around the first of august
Notthe1: ME THINKS ... IF, THE TAX/TRAFIF LAW GOES INTO EFFECT ON SAT. THINGS ARE GOING TO GET MIGHTY HOT....
dave5 : I have a question that I need to ask I don't want to cause any problems. With the tax and tariff law going into effect the first the tax on imports coming into the country the company that sells the goods to Iraq will be taxed.
If they are paying with their country's currency not Iraqs currency's. What does the dinar have to do with the tariff. Why would it cause a rate change of the dinar? Why would a company pay in dinar ? Like I said not trying to start something just would like to know.
Also selling bonds on the international market won't they be bought with the the currency of the country that buys them ? Why would the dinar go up in value.
1. The dinar's value is supported by the existence of Iraq's Borders because without it ...... The dinar can remain at 1166 ....... And will.
2. It does not directly change it for it cannot but the T and T's (Taxes and Tarrifs) will protect the dinar and her new value when DRS decides to lift the three zeros.
3. Because the country and IMF demand it.
4. Now You know Friend.
5. Come to MONDAY'S CC ........... DELTA has a BIG REPORT on the BONDS.
Walkingstick » July 30th, 2015, 8:12 am
Treasury's Lew: All currency being redesigned, Hamilton not coming off $10
By PAUL BEDARD • 7/29/15 10:00 AM
Treasury Secretary Jack Lew said Wednesday that the whole "series" of seven different U.S. paper currency denominations will be redesigned, not just the $10 bill that's being set aside for the image of a woman prominent in U.S. history.
What's more, he said that some 1.5 million Americans have weighed in and the overwhelming suggestion has been to display "ideas" on the $1, $2, $5, $10, $20 and $50, not buildings.
He did not indicate how to display "ideas" but certainly physical U.S. symbols such as the Constitution, Liberty Bell and Statue of Liberty would fit the bill.
And while he said the department hopes to announce the redesigns soon, he stopped short of saying that the $10 bill would get a female image for sure, though Treasury's website makes it clear that a woman will be on the new bill.
"It's not just the $10 bill," Lew told the Christian Science Monitor media breakfast. "Ultimately the whole series" will be changed, he added.
While the $10 is the likely target for a woman's face, Lew added that Alexander Hamilton is not being replaced. "I've always said Alexander Hamilton is not coming off our currency. I'm saying that we're going to make an announced, that there will be a woman on our currency," said Lew.
The theme pushed by the public, he added, is democracy. "Democracy is going to be the theme and we're getting some very interesting commentary as to what the themes of democracy are. I would say that just at kind of a high level, that I think ideas seem to be more in common in people's commentary than buildings. And if you look at our currency it's dominated by people and buildings. So thinking about ways to get the ideas to break through is going to be important," said Lew.
Walkingstick » July 30th, 2015, 8:50 am $100bn BRICS currency pool kicks in
Published time: 30 Jul, 2015 11:28
The agreement on the BRICS $100 billion currency reserve pool came into force Thursday. The fund was set up by the developing nations group to protect their national currencies from volatility in global markets.
"The arrangement is important not only because it provides the possibility to quickly obtain additional liquidity, but its very existence has a positive, stabilizing effect on the market. Similar agreements created by other countries (for example, the European Stability Mechanism) continue to be in force and fulfill their functions,” Russia’s BRICS group representative told TASS.
There is a number of technical documents to be signed during the next meeting of the BRICS Central Bank Governors and Finance Ministers, the official added.
Currently there are “no signals of an immediate need of the pool’s funds from BRICS partners,” according to the official.
The agreement was ratified by Russia’s upper house of Parliament and by Russian President Vladimir Putin.
China will make the biggest contribution of $41 billion to the fund. Russia, Brazil and India will donate $18 billion each, while South Africa’s investment will be $5 billion.
Last July, the group of five BRICS countries (Russia, Brazil, India, China and South Africa) agreed to a reserve currency pool worth over $100 billion as well as the $100 billion BRICS Development Bank.