Post From Wealthwatch.world Chat Room
News With Links & Discussion
Wealthwatch Tuesday AM Chat 1-5-16
chattels: Currency Auctions Announcement No. (3109) The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 5/1/2016 and the results were as follows: DETAILS NOTES Number of banks 26 Number of remittance companies 23 Auction price selling dinar / US$ 1182 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 161,737,563 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 161,737,563 Total offers for selling (US$) -----
chattels: 3109 ........ 05-Jan ............ 1,224........... 1,182 .......... 161,737,563 chattels: 1,224
chattels: Reidar Visser @reidarvisser 3h3 hours ago #Iraq cabinet today formally decided oil giant South Oil Company becomes "Basra Oil" www.alsumaria.tv/news/156... … "Dhi Qar Oil" also created.LINK
Doug_W: are we there yet?
chattels: Not a reality or people must not know today ! ?
chattels: Yesterday, according to Zebari, Iraq may not be able to pay employees' salaries this year ( April ). wealthwatch.world/showthr...
chattels: Today, according to the parliamentary Finance Committee member Jabbar al-Abadi, Finance Minister Hoshyar Zebari's comments about not being able to pay salaries in next April "inaccurate."
chattels: Post # 7, wealthwatch.world/showthr...
chattels: " C'MON MAN ( IRAQ ) " ! ! !
chattels: In the current parlance of Sports commentators :)
chattels: ESPN C'MON MAN! Worst of 2014
chattels: ‹@Doug_W› Hope all goes well friend.
ladyfox: @chattels them there Iraq politicians just want a new loan, NAW imo stalling
chattels: ‹@ladyfox› They have their hand out constantly, eh ?
chattels: Deputy ruled out for the occurrence of a sectarian war in the region due to the tension between Iran and Saudi Arabia National Alliance. Khalaf said Abdul Samad told all of Iraq [where] I think whatever the tension between Iran and Saudi Arabia, no matter how planned Arabia to ignite sedition in the region do not think the wise people in both Iraq and Iran are resorting to sectarian war or any acts lead to the destruction of the region.
chattels: ‹@ladyfox› There will never be enough money for the corrupt in Iraq.
chattels: Iraq Oil Report @iraqoilreport 8h8 hours ago Record oil exports, but half the money goo.gl/tkK1DO
chattels: Iraqi oil exports averaged just over 3 million barrels per day (bpd) in 2015 – 3.36 million bpd if the autonomous Kurdistan region's independent exports are included in the tally – making Iraq OPEC's second-largest producer by a wide margin.Low oil prices have weighed heavily on the country's finances, however.
Even though annual oil exports increased by almost 20 percent over 2014, Iraq's oil revenue decreased by nearly 42 percent – down to $49.81 billion,
ladyfox: @ chattels I agree. what will happen if Iran go international before Iraq?
chattels: " The Kurdish government will stop delivering oil to the central government in Iraq and will instead export oil independently to make up for its budget shortfalls ", said the chairman of the KRG's finance and economic affairs Izzat Sabir Ismael told Bloomberg News.
chattels: If true then the oil and gas provision in the Iraqi budget has just been nullified.
ladyfox: CL and the IMF are going to have to be smart and use a bigger plan B with them folks they never get alone or work together so imo Cl just turn it on enough with the crap :grin:
chattels: "If the KRG delivers to Baghdad the agreed quantity of 550,000 barrels a day, Baghdad will not be able to pay the KRG its share of the budget -- which is about $1 billion a month. So the KRG studied the situation and decided to export oil on its own," the chairman of the KRG's finance and economic affairs Izzat Sabir Ismael told Bloomberg News.
ladyfox: @ hey Donnie how are ya?
ladyfox: @ these folks are holding up the world
Donnie: seems that way
chattels: I doubt that the Kurds will be sending any tariff revenues to Baghdad either.
ladyfox: well of to my last Jan on this job. count down!!! :cool: YOU GUYS HAVE A GREAT DAY!!!
] chattels: ‹@ladyfox› ‹@ladyfox› ‹@ladyfox› have a fine day
chattels: My sense is that the Kurds are approaching " self sufficiency " with their oil exports or at least revenues equal to or greater than funding from Baghdad.
Donnie: or at least doing their best to provide for their people
chattels: ‹@Donnie› There is an element of self protection or advancement as you say.
tourman: I believe if cooler heads do not prevail over there, we can kiss our liquidity hopes goodbye. With Iran and the Saudis giving each other the stink eye and the ongoing political strife in Baghdad. It's not all rosy as some gurus want us to believe. Of course this IMO only. HEY CHATTELS!
chattels: ‹@Donnie› Or self - help. Barzani believes that Baghdad is broken beyond repair I believe.
tourman: How is the New Year treating you so far sir?
chattels: I had some hope for this budget law, but ................. we shall see. This statement is not from some irrelevant MP. It is the the chairman of the KRG's finance and economic affairs.
chattels: ‹@tourman› I am hopeful always, but my optimism is waning.
chattels: And you ?
chattels: Off to court in a few.
tourman: I too have issues with the short term outlook of this speculation. We shall see.
tourman: May the day bless you in your attempts to wrestle with the laws of the lands sir!
chattels: ‹@tourman› tyvm :)
chattels: XXXX : But we do also know this. The IMF is refusing to fulfill the 1.2 billions left of dispersement on a loan they approved for Iraq in October 2015 until they fulfill their part of the agreement to complete the currency reform.
chattels: Zebari said in his interview yesterday that the IMF loan proceeds had been received !!!!!!!!!!!
tourman: The $ I would have bought more dinar with is now being used to fulfill my silver stash.
chattels: Or World Bank Loan.
tourman: The IMF gave them the dough already?
chattels: ‹@tourman› According to Zebari is my take / read.
] chattels: " For example we have received help from the International Monetary Fund, and a few days ago we received one billion and 200 million dollars from the World Bank, ................. " Post # 2 wealthwatch.world/showthr...
tourman: So they will not disperse the rest until currency reform is implemented. And how close are they to doing just that?
chattels: " ........... a few days ago we received one billion and 200 million dollars from the World Bank, ........... "
chattels: None left to disperse from the 1.2 billion it would appear.
chattels: There may be additional loans I suppose.
tourman: So the IMF reneged
Abraham: No more funds will be given to Iraq until they fulfill their part of the loan agreement. And if they don't meet the stand by credit arrangements already funded, those loans will be called. That is fact!!!!
chattels: Anyhow, gotta go. :)
tourman: laterz buddy
SWSD: So here we are 2 days after the 'long' weekend, and it looks like Ole Poopsi was wrong again. :sleeping:
Stash: xe 1094
Donnie: only 1093 to go :)
Stash: 1093 now
Tootsie: Dhi Qar welcomes the establishment of private oil company expects to provide 5,000 new jobs 01/05/2016 16:48 Long-Presse / Dhi Qar She province of Dhi Qar management, on Tuesday, welcomed the approval of the Council of Ministers on the establishment of a private oil company in the governorate,
and is expected to contribute to the support of the local economy and provide five thousand new jobs, and as revealed its intention to bring in global investment companies to establish oil refinery, confirmed that the Ministry of Oil has agreed to the opening of the Institute for the preparation of moderation staffs needed to operate the company.
The governor of Dhi Qar Yahia Nasseri, during a joint press conference with his first deputy just Aldechala, in the Office of the province and attended (range Press), said that "a formal Cabinet approval for the establishment of Dhi Qar Oil Company, came upon multiple claims of the administration of the province",
He predicted that "the company believes in more than five thousand jobs for the people of Dhi Qar and the evolution of the oil industry and revive the economy of the province as well as the national economy." CONT ~ wealthwatch.world/showthr...
Tootsie: CBI Cash Auction # 3109 05-Jan market price 1,224 auction price 1,182 volume (000USD) 161,737,563 Cash 20,640,000 Remittances/Credits 141,097,563 www.cbi.iq/documents/C.B....
Tootsie: sports stadium, interesting ~ Opening Tents Sports Stadium more than 12 billion dinars Dhi Qar - Iraq Press - January 5: estimated at 12 billion and 764 million dinars opened in Dhi Qar province, Tuesday, Shatra stadium at a total cost. He continued athlete source familiar with,
"The Opening of the stadium, which sought seven thousand and 500 spectators witnessed Asaradat sports detective concluded Bembaarh football among the pioneers of Shatra and pioneers of Nasiriyah, pointing out,"
The achievement of the new Ariyads came in difficult circumstances experienced by Iraq of the economic and security as well as severe austerity for the development of sports reality both in terms of facilities or other. " Ended O.h translate.google.com/tran...
Tootsie: Calls for a review of prices of bank stocks and tightening control over banks 01/05/2016 BAGHDAD / JD / .. invited a number of experts and specialists in economic affairs and banking to the need to reconsider prices of bank stocks and tighter government oversight and control of the Central Bank on the work of banks, especially civil to develop their work and stay away from the financial problems
and the fight against money laundering, pointing out that 77% of cash Iraqi exists outside banks as a result of a lack of confidence in those banks. He says the Minister of Planning and former member of the House of Representatives MP Mehdi al-Hafez, that the work of local banks is still limited as a result of a lack of confidence by the citizens and companies,
because there are many problems in their work as a result of the absence of effective control over the banks, especially the civil action. He said Hafiz told / JD /: that the central bank for banks control remains weak largely what make some banks dare to carry out suspicious acts harmed the national economy and the reputation of local banks,
calling on the central bank, government and parliament to tighten control over the work of banks for the development of the banking sector and the fight against laundering money as well as stay away from any financial problems CONT ~ wealthwatch.world/showthr...