KTFA:
Backdoc: IT APPEARS THAT THEY ARE STRUCTURING THE WAY THEY ARE WITH BONDS TO POSSIBLY REDUCE THE MONEY SUPPLY SO THAT WHEN THEY SWITCH TO THEIR REAL VALUE THERE WON'T BE AS MUCH DONG IN THE PUBLIC FLOAT!
THIS WOULD BE A SIMILAR STRATEGY TO REDUCING THE NOTE COUNT FOR THE VND..IMO (See article below)
....
Backdoc: IT APPEARS THAT THEY ARE STRUCTURING THE WAY THEY ARE WITH BONDS TO POSSIBLY REDUCE THE MONEY SUPPLY SO THAT WHEN THEY SWITCH TO THEIR REAL VALUE THERE WON'T BE AS MUCH DONG IN THE PUBLIC FLOAT!
THIS WOULD BE A SIMILAR STRATEGY TO REDUCING THE NOTE COUNT FOR THE VND..IMO (See article below)
....
**********
ThunderHawk: Vietcombank buys $1 billion worth of government bonds
Vietcombank, one of the largest Vietnamese commercial banks, has wrapped up a deal to buy $1 billion worth of government bonds in dollars after one year of hectic preparations.
Vietnam, Vietcombank, bonds, foreign exchange reserves
Thoi Bao Kinh Te Sai Gon quoted its sources as saying that Vietcombank has successfully bought $1 billion worth of 5-10-year term government bonds from the Ministry of Finance at interest rates hovering around 4.8 percent.
At least 4.8 percent is nearly the same with the interest rate of international bonds the government of Vietnam issued in late 2014.
Analysts say the interest rate is “admirable” for commercial banks because it is relatively higher than the average dollar deposit interest rate offered by Vietnamese banks at this moment.
They noted that if the government had issued the bonds through bidding, it would have been able to mobilize capital at lower interest rates.
This is the first time the government issued bonds in foreign currency in bulk specifically to one bank.
Why the US dollar, and not dong bonds, and why Vietcombank? First, the government also needs foreign currencies for its spending, and therefore, it is reasonable to issue bonds in dollars.
Second, Vietcombank is believed to be the commercial bank richest in foreign currency reserves among domestic banks.
Meanwhile, economists said that it would be better to borrow from domestic sources than overseas.
Seeking capital from domestic sources would also help avoid possible shocks caused by exchange rate fluctuations. If the government borrows money from overseas, i.e., creates a cross-border cash flow, this would cause the dong to appreciate.
Under current regulations, once MOF issues dong bonds, it will have to do this through bidding. However, no one can say for sure the bidding would succeed. Dong bonds have not sold in the latest bidding sessions.
The State Treasury could issue only VND8.5 trillion worth of government bonds after all the 11 bidding sessions in April.
Third, if the State Bank, not the Ministry of Finance, sold issues for $1 billion from Vietcombank, the money supply would be in trouble because of a large amount of dong to be put into circulation.
In general, the central bank only buys dollars when the commercial banks’ exchange balance increases.
Economists commented that this is a wise decision which allows borrowing of money for the government’s spending and brings benefit to Vietcombank, though the bank will have to make big efforts to regulate its foreign capital.
Vietcombank said it took it one year to prepare for the deal. This is the biggest ever transaction, and an unprecedented deal, in the banking sector.
In 2009, the Hanoi Stock Exchange raised $150 million worth of government bonds in dollars through bidding.
http://ift.tt/1KXQfbJ
************
Backdoc » May 11th, 2015, 10:12 am AHHH YES, (See Article Below)
TO CONCLUDE THE NEW AGREEMENT WE NEED TO SEE A RATE TO IMPLEMENT HCL !!!
*************
JONESMX :Baghdad didn’t adhere to oil agreement, says Barzani
By Abdelhak Mamoun - May 11, 2015 1
(IraqiNews.com) Baghdad – President of the Kurdistan Regional Government Nechirvan Barzani accused on Sunday the central government of failing to honor the oil agreement between Baghdad and Erbil, noting that the region does not mind if Baghdad wishes to deal with the region as an “oil consumer,” while called on the central government to pay trillion and 200 billion dinars.
Barzani said at a news conference in Sulaimaniyah attended by IraqiNews.com, “The agreement with Baghdad was on the basis of the Iraqi budget for 2015, under which the Kurdistan region export 550 thousand barrels of oil through SOMO company,” pointing out that, “Baghdad must adhere to pay trillion and 200 billion dinars for the Kurdistan region.”
Barzani added, “We are committed to the convention, but Baghdad has not adhered to the agreement so far and we hope to abide by it,” noting that, “If Baghdad wishes to deal with the region as an oil consumer, we do not mind, but it must conclude a new agreement.”
http://ift.tt/1KXQgMV
************
Harvestime: Frank, IYO isn't this article VERY TELLING?! (See Article Below)
Frank26: Transparent as ............ Casper. KTFA Frank
************
Walkingstick: Saadi: the stock market will rise in the next month
Author: Sheikh Salem on:May 11, 2015In:
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - expectation Chairman of the JSC Abdul-Razzaq al-Saadi, that the stock market will rise in the next month, influenced by news of Iraq for a loan from the World Bank, as well as to reassure citizens that the workers in the ongoing government institutions salaries The improvement in the financial situation of the country.
He said al-Saadi's (IMN) that "the entry of the 13 private company traded on the Iraq Stock Exchange, trading rates will live."
He pointed out that "the security situation through which the country, the impact on trading in the stock market, because investors are looking for safe financial environment for the continuation of trade, buying and selling stock."
The World Bank confirmed its commitment to help Iraq to overcome the difficulties experienced by during the current phase.
The Governor of the Central Bank announced on the Keywords agency, said that the Special Drawing Rights granted to the countries participating in the International Monetary Fund and including Iraq, is estimated at two billion dollars, noting that the Fund did not lend Iraq up to the minute.
From: Walid al-Zaidi, edit: Charter Shafiq http://ift.tt/1KXQgMW
ThunderHawk: Vietcombank buys $1 billion worth of government bonds
Vietcombank, one of the largest Vietnamese commercial banks, has wrapped up a deal to buy $1 billion worth of government bonds in dollars after one year of hectic preparations.
Vietnam, Vietcombank, bonds, foreign exchange reserves
Thoi Bao Kinh Te Sai Gon quoted its sources as saying that Vietcombank has successfully bought $1 billion worth of 5-10-year term government bonds from the Ministry of Finance at interest rates hovering around 4.8 percent.
At least 4.8 percent is nearly the same with the interest rate of international bonds the government of Vietnam issued in late 2014.
Analysts say the interest rate is “admirable” for commercial banks because it is relatively higher than the average dollar deposit interest rate offered by Vietnamese banks at this moment.
They noted that if the government had issued the bonds through bidding, it would have been able to mobilize capital at lower interest rates.
This is the first time the government issued bonds in foreign currency in bulk specifically to one bank.
Why the US dollar, and not dong bonds, and why Vietcombank? First, the government also needs foreign currencies for its spending, and therefore, it is reasonable to issue bonds in dollars.
Second, Vietcombank is believed to be the commercial bank richest in foreign currency reserves among domestic banks.
Meanwhile, economists said that it would be better to borrow from domestic sources than overseas.
Seeking capital from domestic sources would also help avoid possible shocks caused by exchange rate fluctuations. If the government borrows money from overseas, i.e., creates a cross-border cash flow, this would cause the dong to appreciate.
Under current regulations, once MOF issues dong bonds, it will have to do this through bidding. However, no one can say for sure the bidding would succeed. Dong bonds have not sold in the latest bidding sessions.
The State Treasury could issue only VND8.5 trillion worth of government bonds after all the 11 bidding sessions in April.
Third, if the State Bank, not the Ministry of Finance, sold issues for $1 billion from Vietcombank, the money supply would be in trouble because of a large amount of dong to be put into circulation.
In general, the central bank only buys dollars when the commercial banks’ exchange balance increases.
Economists commented that this is a wise decision which allows borrowing of money for the government’s spending and brings benefit to Vietcombank, though the bank will have to make big efforts to regulate its foreign capital.
Vietcombank said it took it one year to prepare for the deal. This is the biggest ever transaction, and an unprecedented deal, in the banking sector.
In 2009, the Hanoi Stock Exchange raised $150 million worth of government bonds in dollars through bidding.
http://ift.tt/1KXQfbJ
************
Backdoc » May 11th, 2015, 10:12 am AHHH YES, (See Article Below)
TO CONCLUDE THE NEW AGREEMENT WE NEED TO SEE A RATE TO IMPLEMENT HCL !!!
*************
JONESMX :Baghdad didn’t adhere to oil agreement, says Barzani
By Abdelhak Mamoun - May 11, 2015 1
(IraqiNews.com) Baghdad – President of the Kurdistan Regional Government Nechirvan Barzani accused on Sunday the central government of failing to honor the oil agreement between Baghdad and Erbil, noting that the region does not mind if Baghdad wishes to deal with the region as an “oil consumer,” while called on the central government to pay trillion and 200 billion dinars.
Barzani said at a news conference in Sulaimaniyah attended by IraqiNews.com, “The agreement with Baghdad was on the basis of the Iraqi budget for 2015, under which the Kurdistan region export 550 thousand barrels of oil through SOMO company,” pointing out that, “Baghdad must adhere to pay trillion and 200 billion dinars for the Kurdistan region.”
Barzani added, “We are committed to the convention, but Baghdad has not adhered to the agreement so far and we hope to abide by it,” noting that, “If Baghdad wishes to deal with the region as an oil consumer, we do not mind, but it must conclude a new agreement.”
http://ift.tt/1KXQgMV
************
Harvestime: Frank, IYO isn't this article VERY TELLING?! (See Article Below)
Frank26: Transparent as ............ Casper. KTFA Frank
************
Walkingstick: Saadi: the stock market will rise in the next month
Author: Sheikh Salem on:May 11, 2015In:
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - expectation Chairman of the JSC Abdul-Razzaq al-Saadi, that the stock market will rise in the next month, influenced by news of Iraq for a loan from the World Bank, as well as to reassure citizens that the workers in the ongoing government institutions salaries The improvement in the financial situation of the country.
He said al-Saadi's (IMN) that "the entry of the 13 private company traded on the Iraq Stock Exchange, trading rates will live."
He pointed out that "the security situation through which the country, the impact on trading in the stock market, because investors are looking for safe financial environment for the continuation of trade, buying and selling stock."
The World Bank confirmed its commitment to help Iraq to overcome the difficulties experienced by during the current phase.
The Governor of the Central Bank announced on the Keywords agency, said that the Special Drawing Rights granted to the countries participating in the International Monetary Fund and including Iraq, is estimated at two billion dollars, noting that the Fund did not lend Iraq up to the minute.
From: Walid al-Zaidi, edit: Charter Shafiq http://ift.tt/1KXQgMW
Backdoc » May 11th, 2015, 12:25 pm WALKINGSTICK, YOUR HAVING WAY TOO MUCH FUN TODAY!!
FRANK, YOUR GONNA HAVE FUN TONIGHT!! HEEE HEEE (Se Article Below)
I WANT TO SHARE ONE OF MY ANTI-AGING COOKIES THAT CAUSES DNA GENE EXPRESSION TO MAKE YOU SMILE AND SAY PRAISE THE LORD!!! DOC
**************
walkongstick :The arrival of the amount of 543 billion dinars to the province of Baghdad
11/05/2015 18:44:00
Adham Karim President of the Central Bank in the territory of Kurdistan said on Monday, 11/05/2015, the arrival of the amount of 543 billion dinars to Irbil from Baghdad.
He added cream for PUKmedia: the amount arrived today, to the Central Bank in Arbil as part of the share of the Kurdistan region of the financial budget for the month of April last.
It is expected to proceed with the Ministry of Finance, regardless of the Kurdistan Peshmerga forces salaries on Tuesday, followed by the employees' salaries for the month of March exchange in the coming days.
http://ift.tt/1KXQgMY
***********
Mon, May 11, 2015 19:07
Baghdad sent the region's share of the budget for the month of April
Baghdad / Baghdad Uz..okd central bank in the Kurdistan Region, on Monday, the arrival of the amount of 543 billion dinars to Irbil from Baghdad, adding that the money is the region's share of the budget for the month of April.
He said Bank President Adham Karim told I followed / Baghdadi News / "The amount arrived today, to the Central Bank in Arbil as part of the share of the Kurdistan region of the financial budget for the month of April the past."
"It is expected to proceed with the Ministry of Finance, regardless of the Kurdistan Peshmerga forces salaries on Tuesday, followed by the employees' salaries for the month of March exchange in the coming days."
It is said that the President of the Kurdistan region Massoud Barzani called on the federal government, today, sending the financial dues of the province. It ended 21 / d
http://ift.tt/1KXQgN0
FRANK, YOUR GONNA HAVE FUN TONIGHT!! HEEE HEEE (Se Article Below)
I WANT TO SHARE ONE OF MY ANTI-AGING COOKIES THAT CAUSES DNA GENE EXPRESSION TO MAKE YOU SMILE AND SAY PRAISE THE LORD!!! DOC
**************
walkongstick :The arrival of the amount of 543 billion dinars to the province of Baghdad
11/05/2015 18:44:00
Adham Karim President of the Central Bank in the territory of Kurdistan said on Monday, 11/05/2015, the arrival of the amount of 543 billion dinars to Irbil from Baghdad.
He added cream for PUKmedia: the amount arrived today, to the Central Bank in Arbil as part of the share of the Kurdistan region of the financial budget for the month of April last.
It is expected to proceed with the Ministry of Finance, regardless of the Kurdistan Peshmerga forces salaries on Tuesday, followed by the employees' salaries for the month of March exchange in the coming days.
http://ift.tt/1KXQgMY
***********
Mon, May 11, 2015 19:07
Baghdad sent the region's share of the budget for the month of April
Baghdad / Baghdad Uz..okd central bank in the Kurdistan Region, on Monday, the arrival of the amount of 543 billion dinars to Irbil from Baghdad, adding that the money is the region's share of the budget for the month of April.
He said Bank President Adham Karim told I followed / Baghdadi News / "The amount arrived today, to the Central Bank in Arbil as part of the share of the Kurdistan region of the financial budget for the month of April the past."
"It is expected to proceed with the Ministry of Finance, regardless of the Kurdistan Peshmerga forces salaries on Tuesday, followed by the employees' salaries for the month of March exchange in the coming days."
It is said that the President of the Kurdistan region Massoud Barzani called on the federal government, today, sending the financial dues of the province. It ended 21 / d
http://ift.tt/1KXQgN0
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