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Post From Wealthwatch.world Chat Room 9-7-15
Wealthwatch Late Night News / Links & Chat 9-7-15 Part 2 of 2
Abraham: '@Fit2beFit' and the sooner Maliki has been dealt with the better because as long as he is there he is a roadblock
Fit2beFit: '@Abraham' i disagree he is just a thorn the news uses to side step the real progression that is going on behind public view until ready
Abraham: If I am an investor and you say to be Maliki has stolen billions and he is still within the government how can I feel comfortable to invest in the Country!
Fit2beFit: he is not in the govt day to day growth, imo anymore
Abraham: '@Fit2beFit' the point is Maliki needs to be I behind bars period!
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Post From Wealthwatch.world Chat Room 9-7-15
Wealthwatch Late Night News / Links & Chat 9-7-15 Part 1 of 2
chattels: Aram Sheikh Mohammed: Practically, there is no Erbil-Baghdad oil agreement
chattels: rudaw.net/english/kurdist.
http://rudaw.net/english/kurdistan/07092015
chattels: Deputy Iraqi parliament head Aram Sheikh Mohammad, in an interview with Rudaw, sheds lights on Iraqi Prime Minister Haidar al-Abadi's extensive reform package to shrink the size of the federal government and tackle corruption in his administration.
Mohammad said the reforms eliminated three positions that were previously held by Kurds, and Kurdish representatives in Baghdad would not easily accept the decision. He also claimed the agreement between the Iraqi federal government and Kurdistan Regional Government (KRG) is over, and impractical.
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Millionday News Time 9/7/15 Part 2 of 2
Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: NATIONAL GUARD LAW UPDATE
Millionday: Shaima Rashid is still the law of the National Guard face more obstacles for approval. At the time the law was close to recognition as part of the understandings of the formation of the government headed by Dr. Haider Abadi, which, the reform packages launched by the Prime Minister,
which political observers believe that one of the objectives of strengthening national cohesion, reconsidered in some articles of the draft law that could lead According to some parliamentary blocs to create armed forces that do not obeys General Command of the Armed Forces.
Millionday: NOTE --THE IMPORTANCE OF THE NATIONAL GUARD IS OBVIOUS
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Millionday News Time 9/7/15 Part 1 of 2
Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: FIRST LET ME SAY SOMETHING BEFORE WE LOOK AT THIS
Millionday: MANY THINGS HAVE CHANGED IN IRAQ IN THE PAST MANY YEARS -- LAWS -- GOVERNMENT -- THE LIST IS LONG BUT ---
Millionday: ONE THING THAT SOME ARE NOT PAYING ENOUGH ATTENTION TO IMO IS THE INTERNATIONAL BANKING AND ACCOUNTING COMPLIANCE -- BASEL COMPLIANCE -- ETC
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Iraq poised to meet investors ahead of crucial bond sale - IFR
BY MICHAEL TURNER
LONDON, Sept 2 (IFR) - Iraq plans to begin marketing a new Eurobond following the Labor Day holiday in the U.S., according to several sources, as the sovereign hopes to issue in the capital markets for the first time in nearly a decade.
Representatives from the country are expected to meet investors across the U.S. and Europe ahead of the deal, which is likely to be unsecured.
Citigroup, Deutsche Bank and JP Morgan will be the lead managers, the sources said.
The U.S. Labour Day holiday is on Sept. 7.
The sovereign is seeking to raise up to US$6 billion through bond sales to relieve the pressure of low oil prices on state finances, though sources indicate this first deal will be much smaller.
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TNT:
T-Mac:
REUTERS says IRAQ "Eurobonds" go on sale Sept. 8 TOMORROW
http://www.iraq-businessnews.com/2015/09/03/iraq-ready-to-market-bonds%E2%80%8B/
T-Mac:
Now if someone would DEFINE "Eurobond" - I am HOPING it is an Iraq Bond pegged to the EURO and sold in the INTERNATIONAL MARKET -which means an R/V RATE
Mangelo:
T-MAC that would make sense to me!!!!!!
T-Mac:
mangelo: Well, if the "Eurobond" is considered an INTERNATIONAL SALE then I do not see how Iraq can delay an R/V ( but we have been wrong before)
UKFan1972:
The country issuing the Eurobond can sell them in whatever currency they choose to. For example...they can issue these Eurobonds, but sell them in USD...GBP
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Bgg roundtable 8/7/15 Part 2 of 2
WELCOME TO BGG ROUNDTABLE AT DINARUPDATES.COM
Pablo: Are they going to go ahead and vote on those laws tomorrow, or put them off again?
BGG says to Pablo: Pretty plain where the "hold-up" has been coming from - Iran thru her proxies (Maliki/Alak)...
BGG says to Pablo: No idea - but it is generally moving the right direction...
ddboys1626 says to BGG: """ I don't - bonds (on their best day) won't save them...it's something else...""" what do you think it is???
BGG says to ddboys1626: HAS TO BE BUYING POWER - end of story.
BGG says to ddboys1626: they can't borrow enogh to fix this. It's IMPOSSIBLE.
BGG says to ddboys1626: BUYING POWER = value added to the currency.
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Bgg roundtable 8/7/15 Part 1 of 2
WELCOME TO BGG ROUNDTABLE AT DINARUPDATES.COM
BGG: Great to see all you peeps here for our Round Table (mid-day) Chat...
BGG: To start with I wish to point out my current level of optimism with where we are right now. There seem to be significant reforms coming for Iraq, there are several critical laws "on deck" very soon...
BGG: and there seems to be a significant current of "independence" brewing in Iraq. This is good - because much of the ugliness going on there is influenced from outside.
BGG: I like it.
BGG: I-R-A-N
BGG : In fact, having said as much - why don't we start with that Huffpo article firefly just posted??
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Post From Wealthwatch.world Chat Room 9-7-15
Wealthwatch News / Links & Chat 9-7-15 Part 2 of 2
newbieDA: Note the Second question to the ministers of agriculture and water resources. (MP Khalid al-Asadi). Last time the questioned the Minister of Electricity, it screwed up the whole day too. So I can understand why no votes on Investment or National Guard Laws, and hopefully they do read the AML Law.
Oneness: if we get the aml ... just about all that really needed to go international
newbieDA: I am just hoping they read it
newbieDA: remember what I said, watch the agendas and the the results
newbieDA: we will see
newbieDA: I can say, I am glad to see the agenda
newbieDA: thought the calendar was broke lol
Oneness: lol
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Post From Wealthwatch.world Chat Room 9-7-15
Wealthwatch News / Links & Chat 9-7-15 Part 1 of 2
OOTW: PLEASE SEE THIS ARTICLE
OOTW: Iran, Iraq economic exchanges to rise $ 20 billion [Image: ShowPicture.aspx?ID=07e8f2fa-dff8-4cc2-a...5141005af8] Sunday, Sep 06, 2015[Image: spacer.gif] The Iranian Minister of Economic Affairs and Finance said that the trade volume between Iran and Iraq, including transit and tourism, is $ 12 billion, added:
This figure can be simply risen to $ 20 billion, and in the near future we will reach this goal.(SHADA: TEHRAN) -- After a 100-minute negotiation with his Iraqi counterpart, Ali Tayyebnia stated: In the meeting, we reviewed current economic relations between the two countries and talked about some of the difficulties and restrictions on banking trade and investment as well as solutions to solve them.
Saying that three basic agreements on customs cooperation, avoidance of double taxation, and foreign investment were discussed in the meeting, he added: Some of the documents will be signed.
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The below posts were in our 6pm Newsletter
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Morning News Comments 09/06/2015
The central bank agrees to rehabilitate the Warka Bank
[tlm724] "the Board of the Central Bank Board of Directors approved, today, the rehabilitation of the Warka Bank."
[tlm724] this is good news for sure, Warka has been teetering on the fence of failure for years now !
[tlm724] at least the CBI is stepping up
[shunshine] about time
[tlm724] at this point in the economic plan Iraq can't really afford to lose any banks
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Guys, I just got back in to the dock. Has anyone reported that Forex jumped 50 points to match the CBI rates? This is a stupid crazy as last nights Chinese bump.
Totally Blessed: Iko, that sounds like good news to a novice like me. If you are excited, we all should be
Iko Ward: Well, if we are following the movement, let's just say the Dinar just took a very large movement
Pe2las: IKO...sounds like confusion in the air
Iko Ward: Yes, and we like confusion
LadyB22:
Iko, what do you think this means?
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I simply luv this article that follows. It is telling us so much about the OPEC and the GCC.
Many still don't understand the GCC and ask keep asking me what it is. So now I will explain again to you. The GCC is the Gulf Cooperation Council. It is a political and economic alliance of six Middle Eastern countries-Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain,Oman and now Iraq.
Arguably the most important article of the GCC charter is Article 4, which states that the alliance was formed to strengthen relations among its member countries and to promote cooperation among the countries' citizens. The GCC also has a defense planning council that coordinates military cooperation between member countries.
So we are witnessing the economic strength and power of the OPEC and the GCC in the following article. This is such HUGE news as Saudi Arabia and other member are willing to help Iraq through this economic crisis by cutting oil production. They are doing this to raise oil prices, something which we know Iraq needs desperately to stabilize its economy and help in it's stabilization of the Iraq dinar (thus the RV later).
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UU6802 - "Weathering The Storm" by Mnt Goat
Hello Everyone,
It is almost fall and Oktoberfest time is around the corner. The family is excited in anticipation to our annual trip into Munich. Last year we took our trip and we all enjoyed ourselves. This year we are going a bit early to explore the city and museums too.
Our Gasthaus is booked already for the season and I spend most of my time each day ensuring my guests are comfortable and cared for. Over the weekend I had some time to hike my favorite trail to the Alpine pastures with the girls. They played in the fields as I wrote this news letter. It is a long news letter again and I can not help it since there is so much news to read and try to understand.
I am not about a date and a rate and instead I truly want to understand and sympathize with the process Iraq is now going through. I know in the end they will emerge as a stronger people and an economic powerhouse. We are witnessing the process they did not have to go through but circumstances of the last 8 years brought them to this point and so now they are at least cleaning up the mess left behind and truly intend now to move forward (and are moving forward as we watch the progress everyday). It is a sad story to watch but we know they will have a happy ending.
Today I come to you once again to see what sense we can all make out of this RV saga of the Iraqi dinar.
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Post From Wealthwatch.world Chat Room 9-6-15
Wealthwatch Late Night News / Links & Chat 9-6-15
Oneness: my bond ladies definitely gets the reasons why people like to invest in bonds
Oneness: "SO YOU'RE TYPICAL BOND BUYERS WILL HOLD THESE BONDS WHICH ARE BELIEVE IT OR NOT MORE VALUABLE THAN CURRENCY AND ADD THEM TO THEIR PORTFOLIOS AND AT THE SAME TIME ADD THEM TO THEIR BALANCE SHEET ALONG WITH OTHER BONDS THEY MAY HAVE.
MY LADIES: THEY WILL HAVE VALUE IMMEDIATELY WHEREAS THE CURRENCY DOES NOT.
MY LADIES: ALSO BOND INVESTORS HAVE A VERY PARTICULAR APPETITE AND DO NOT LOOK AT CURRENCY AS AN INVESTMENT. BONDS CAN BE SWAPPED AND TRADED AND TRADED AGAIN AND AGAIN ON THE "PAPER" MARKET."
Oneness: French Revolution .... just saying ... " resentment of the privileges "
Oneness: on the brighter side /// guess when we find out terms f the bond deals, we then can have a better understanding of expected duration of how long we may to wait to see the value of the dinar manifest
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