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Monday, July 27, 2015

Sczin11 Morning News & Thoughts 7-27-15

Post From Wealthwatch.world Chat Room 7-27-15

07/26/2015 10:30:53 PM] Donnie: http://ift.tt/1FBs1il...  LINK

Donnie: Central plans to put up for the benefit of financial bonds worth two billion dollars

Donnie: The bank said it "will sell that amount in Iraqi dinars and the price of 1095 dinars per dollar and payable by the Ministry of Finance in December 31 2016, to be paid in dollars at maturity" .anthy 29 / d 25

Donnie: "price of 1095 dinars per dollar " - is this a discount price to sell at then redeem at the normal exchange rate at maturity?

Donnie: "starting from the second of next August to 31 of the same month" - so they are to be sold from Aug 2nd 2015 until Aug 31st, 2015?

Donnie: Central bank: a bond offering for the benefit of the Ministry of Finance worth two billion dollars in four categories
~~~
Donnie: [Baghdad-where] the Iraqi Central Bank announced its intention to launch bonds in favor of the Ministry of Finance worth two billion dollars. According to a statement of the bank today that he "will ask the delivery term bonds in dollars to the bearer on behalf of the Ministry of Finance from the second of next August to 31 of the same month,"

adding that "Asdarih will be four in 2500 and 10 050  and 100 thousand dollars categories and the total amount of two billion dollars. "

He added that he "will sell that amount in Iraqi dinars and the price of 1095 dinars per dollar and payable by the Ministry of Finance on December 31 2016 to be paid in dollars at maturity."

 The crisis cell headed by Prime Minister Haider al-Abadi, decided at its meeting In 15 of July of this start issuing remittances treasury during the remaining months of this year and launch a national bonds to the public and government guarantees and benefits appropriate, in order to enhance the financial position and activate the economy and development movement in the country. "

 As Finance Minister Hoshyar Zebari said on 22 June last Iraq He hoped to meet with investors at the end of July Garaard plans on the issuance value of five billion dollars "bonds,

 stressing that" Iraq has begun promoting these bonds abroad. " The much-need for government liquidity as expects a deficit of about $ 25 billion this year in size budget of about $ 100 billion .anthy

Donnie: http://ift.tt/1LEwWYk...

http://ift.tt/1VHWZ49

vtech: dollars

Donnie: "Asdarih will be four categories (in 2500 and 10000 and 50000 and 100,000) US dollars and the total amount of two billion dollars. "

Donnie: there is one use of the 50k & 100k notes

Donnie: I'm no bond expert but:

[07/26/2015 10:58:06 PM] Donnie: So if I bought a bond from the CBI that will mature in Dec 2016 and pay me $50K USD I can buy it Aug 2nd 2015 at a discount. The discount then reflects my return on investment as follows: $50K USD at current rate of 1166 would be = 58.3 Million Dinar. BUT I can buy this bond at a discount price of 1095 dinars/USD so that the $50K USD bond will cost me only 54.75 Million Dinar. The return on my investment would be approximately 6.1% over the 16 mos.

Donnie: Yes? No? Agree? Disagree? or is everyone in bed :)

Donnie: have a good night people. :)

Donnie: The above example of a bond purchase came from a post in recaps: www.dinarrecaps.com

tourman: at the dinar price of 1095

Donnie: yup. that's what it says

Donnie: 1095 dinars/USD

Donnie: "stressing that Iraq has begun promoting these bonds abroad"

Donnie: abroad as in international trading?

sczin11: HUGE STATEMENT - MONEY LAUNDERING LAW BY OCTOBER OR ISOLATION FROM WORLD ORGANIZATION

[07:51:26 AM] sczin11: THIS IS A HUGE STATEMENT ... IT IS NOT A THREAT...IT IS REAL...

REMEMBER A FEW WEEKS BACK WE SAW THE RELEASES REGARDIG THE WB AND IMF LOANS, AND THEN NEED FOR CERTAIN THINGS TO BE ACCOMPLISHED OR ELSE...THE BLACKLIST..

NOW HERE WE SEE, THE DEADLINE.. A TIME FRAME FOLKS... NOT FOR A CHANGE IN VALUE OF THE DINAR NECESSARILY, BUT THE WORDS BELOW ARE CLEAR...

APPROVE THE LAWS, AND PLAY HARD BALL WITH THE GLOBAL COMMUNITY..IF NOT, SEVERE IMPACT TO MONETARY REFORM...AND ISOLATION FROM THE INTERNATIONAL COMMUNITY...........................

THE INTERNATIONAL COMMUNITY HAS BEEN SUPPORTING IRAQ, THEIR ATTEMPTS TO CLEAN UP THEIR ACT, AND JOIN TOGETHER WITH THE WORLD...THEIR TIME IS UP..WE ARE AT THE END OF THE ROAD!

sczin11: Global financial institutions slowed Iraq until October to approve the money laundering law

sczin11: 07/27/2015 14:17 Tomorrow Press / Baghdad: detection of economic and investment commission parliamentary member Ahmed Kanani, Monday,

sczin11: the World Bank and other international financial institutions gave Iraq until next October as the date for the adoption of anti-money laundering law.

sczin11: Kanani warned in a statement received "tomorrow Press" "of the consequences of the House of Representatives delayed in approving the anti-money laundering and terrorism financing law, who said he did not receive attention of the Presidency of Parliament."

The parliament has not yet Jul significance required for this vital law, which depends upon the continuation of economically connect Iraq with the outer perimeter and the focus of the Chamber of Deputies on the minor issues."

 sczin11: Kanani said that "Iraq would be included in the black list countries in economic deal and cashother than lack of enactment of this law," adding that

sczin11: "this measure will eliminate the purchasing power of the Iraqi dinar and put the Iraqi Central Bank in a corner makes him isolated from the world organization."

sczin11: "this measure will eliminate the purchasing power of the Iraqi dinar and put the Iraqi Central Bank in a corner makes him isolated from the world organization."

sczin11: "this measure will eliminate the purchasing power of the Iraqi dinar and put the Iraqi Central Bank in a corner makes him isolated from the world organization."

sczin11: He said the "deadline only two months left them almost on the head of the House of Representatives that the law be included on the agenda, but the nearest session and will be responsible for the punitive economic measures to be taken by the world against Iraq."

sczin11: http://ift.tt/1SAKXau...http://ift.tt/1HUUX9I

MichelleL: so sczin, this is putting their backs against the wall, yet again? wish the kids would sleep till 11 so I could have some time on here, but its unlikely I'll see more than a few minutes to drag out the news for the next 12 days or so lol

sczin11: JULY 27- BONDS, TARIFFS, BLACKLIST, CORRUPTION, MALIKI, MONETARY & ECONOMIC REFORM

sczin11: WHERE TO BEGIN... CREDIT RATING???? HAS THAT BEEN ISSUED? NOT SEEN ON ANY PUBLIC FORUM.... BONDS BEING ISSUED...INTERNATIONALLY?

THEY STATED FIRST WAVE WAS IN COUNTRY, AND SECOND PHASE WOULD BE INTERNATIONAL, DIDN'T THEY?

HOW COULD THEY EXPECT PURCHASING BY FOREIGN INVESTORS WITHOUT A CREDIT RATING? ARE WE MISSING SOMETHING IN THE TRANSLATION? DO THEY KNOW SOMETHING WE DON'T KNOW?

1095 DINARS TO THE DOLLAR, IN EXCHANGE FOR A 6.1% RETURN ON INVESTMENT IN A SHORT 16 MONTHS?

DOES THAT MEAN THE DINAR CAN NOT INCREASE IN VALUE UNTIL AFTER AUGUST 29, THE LAST DATE OF THE SALE OF THESE BONDS?

HOW COULD THE DINAR INCREASE BEFORE THEN? IT WOULD ELIMINATE ALL INVESTORS FROM WANTING TO COME IN TO THE BOND PURCHASE?

TARIFFS GOING INTO EFFECT AUGUST 1...HOW CAN THEY WITHOUT AN INCREASE IN VALUE OF THE DINAR?

HOW DOES THAT ACCOMPLISH WHAT THEY STATED THEY WANTED TO DO..PROVIDE PURCHASING POWER TO THE IRAQI CITIZENS...WITHOUT AN INCREASE IN VALUE OF THE DINAR, THE PEOPLE OF IRAQ SUFFER, ONCE AGAIN...

THE BLACKLIST... THE WORLD BANK AND IMF HAVE GIVEN IRAQ 2 MONTHS TO PASS THESE MONEY LAUNDERING LAWS, OR THEY CAN FORGET ABOUT MR NOW, AND BECOME ISOLATED FROM THE INTERNATIONAL TRADE COMMUNITY...

AGAIN, HOW DOES THIS HELP THE PEOPLE OF THIS COUNTRY?

CORRUPTION... ALL THE TIME, ENERGY, AND MONEY...GOING AFTER ALL SECTORS OF GOVERNMENT, TO CLEAN UP THEIR ACT, TRANSPARENCY, THE XBRL SYSTEM FOR THE BANKS..

ALL INTERNATIONAL STANDARDS, PROTOCOLS, AND REQUIREMENTS FOR COMPLETE ACCEPTANCE TO THE OPEN MARKET ECONOMY...FOR WHAT, WITH OUT A CHANGE IN VALUE OF THE DINAR?

MALIKI.. AND COMPANY..... WHY CAUSE ADDITIONAL SECTARIAN CONFLICT, AND PROBLEMS WITH THE GLOBAL COMMUNITY AS A RESULT OF UNFOUNDED ACCUSATIONS TO STIR THE POT,

IF NOT LOOKING TO CLEAN UP THE GOVERNMENT, AND PROVIDE SAFETY, SECURITY AND PROSPERITY TO THE PEOPLE OF IRAQ?

ER & MR..... WHAT HAVE THEY BEEN WORKING TOWARDS, ESPECIALLY SINCE THE NEW REGIME TOOK CHARGE...THE ABADI PLAN- THE ECONOMIC AND MONETARY REFORM...THE PRIVATE SECTOR... THE PEOPLE

MichelleL: sczin what fun lol
sczin11: AND CITIZENS OF IRAQ...THEIR OWN UNIQUE STRONG CURRENCY..THEIR RESOURCES MARKETED TO THE WORLD..THEIR SOVEREIGNTY, THEIR PRIDE, THEIR POWER.... 

WITHOUT AN INCREASE IN VALUE OF THE IRAQI DINAR, HOW CAN THAT CONTINUE?

 FOLKS, THERE IS MUCH TO BE ENCOURAGED ABOUT, AND THERE IS MUCH WE OBVIOUSLY DON'T KNOW OR UNDERSTAND... FACTS ARE FACTS, 

HOWEVER, GIVEN THE HANDICAPS WE POSSESS, NOT BEING THERE, NOT UNDERSTANDING THEIR LANGUAGE, RELYING ON INTERPRETATIONS OF OTHERS AND OPINIONS OF MAY, WE MUST SIT BACK AND WATCH THIS UNFOLD..

 I WILL SAY, HOWEVER, ANYONE WHO SUGGESTS THAT STRIDES ARE NOT TOWARDS MAKING THE NEW IRAQI DINAR, A FORCE TO BE RECKONED WITH, IS OBVIOUSLY NOT READING THE SAME THINGS WE ARE! Content originally from wealthwatch.world

Ranchhand: ‹@Doug_W› one ? before I go..is Maliki still on the streets wreaking havoc?

Captsalt: Well I'll be ... woke up this morning and my IQD transfer account is STILL sucking wind.  :grin: GM world, I've had my 1st cup of coffee ... let the day begin!

captl1: ‹@Ranchhand› He is in Iran

Captsalt: I hear that!  unannounced visit. It is interesting because the Ambassador of Iran is in Bagdad.

captl1: Yes


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