Tootsie: Good Monday Morning
Tootsie: In case some wondering ~ may have read and have a question - from an e-mail I received this a.m. "XXXXday: 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 on December 31 2016 to be paid in dollars at maturity". " xxx54: I'm no economist but selling in iqd and paying in $?? XXXday: VERY STRANGE --xxxx54: and at 1095 ~~ NOPE
Tootsie: Soverign bonds sold at a discount, in local currency, interest is paid in local currency and at time of redemption converted to Dollars = check it out if doubtful. That is the premise ~~
Tootsie: Not strange at all ~
Dianne777: what does it mean toots? iyo
Tootsie: ‹@Dianne777› it means that it does not matter what the currency the bond (country) is sold in, it is local currency, in this case IQD, so bond is sold in iqd, the interest is computed in iqd and when the bond is due and payable the total amount is converted and paid out in USD. Not my Opinion= fact,
~~~
Tootsie: In case some wondering ~ may have read and have a question - from an e-mail I received this a.m. "XXXXday: 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 on December 31 2016 to be paid in dollars at maturity". " xxx54: I'm no economist but selling in iqd and paying in $?? XXXday: VERY STRANGE --xxxx54: and at 1095 ~~ NOPE
Tootsie: Soverign bonds sold at a discount, in local currency, interest is paid in local currency and at time of redemption converted to Dollars = check it out if doubtful. That is the premise ~~
Tootsie: Not strange at all ~
Dianne777: what does it mean toots? iyo
Tootsie: ‹@Dianne777› it means that it does not matter what the currency the bond (country) is sold in, it is local currency, in this case IQD, so bond is sold in iqd, the interest is computed in iqd and when the bond is due and payable the total amount is converted and paid out in USD. Not my Opinion= fact,
~~~
Dianne777: k thanks hun
Tootsie: so very welcome. I researched few months ago re bonds/soverign bonds/ etc particularly with non= internationally traded currencies :cool:
Dianne777: i just wish this would happen lol
Dianne777: do you happen to know anything about meetings with WTO like when is the next meeting?
BOBBY: @Tootsie... where can one learn more about bonds?
Tootsie: me toooo =- there was another section, I will touch on. someone thought bonds were being sold and paid out in dec 2016. They are being OFFERED 12/32/2016 (for sale) and will be paid out in USD at their maturity, which may be ?1 yr 5 yrs ??? was not stated.
Tootsie: ‹@BOBBY› Investopedia, Wikipedia, financial times, Bloomberg - etc. if interested in soverign bonds, just google such, etc.
Tootsie: 12/31 --- bad typing. apologies
Tootsie: OK, and also, noted that IMF consultation was stated as 27th, IMF consultation has been moved to the 29th (couple days ago) so don't look for much yet
] Tootsie: ‹@Dianne777› not looked for wto in sometime, - will do -
Tootsie: The agenda of the session number (6) Tuesday 28 July 2015 July 28, 2015 The third parliamentary session The second legislative year The first legislative term First, read verses from the Koran.
Second, the first reading of the draft law of national card. (Commission on Security and Defense, Legal Committee , the Commission services reconstruction). (Article 47).
Third: the second reading of the draft federal civil service law. ( Legal Committee , Finance Committee ). (Article 100). Session starts at: eleven in the morning. Posted: Monday, July 27, 2015 3:06 PM
Tootsie: will put in forum
BOBBY: Tootsie....... thank you!
Tootsie: Have to scoot - Have a wonderful day !!!
Tootsie: thought for the day ~~ “Open-minded people do not impose their beliefs on others. They just accept all of life’s perspectives and realities, doing their own thing in peace without judging anyone.” ~ Author Unknown
BOBBY: so........ are we buying bonds lol
jazzyblue: being pretty dinar dum myself ( :( ), can someone explain this 1095 thing, i think thats what i saw .......just totally lost on this lol
Stash: you are not alone on this
jazzyblue: oh thank goodness at least its not just me this time lol
Stash: oh its not
jazzyblue: okay well IF, notice the word "IF" that were the so called "rate" to be, what does that translate out to in usd......i know theres some math thing, where you carry this, and pi r square that, and divide the other thing :( ........some calculation people with that are math brainiacs know how to do lol
Tootsie: fleeing out the door - had to look LOL - that is discounted rate cbi is offering for the bond pricing - the bonds will be payable down the road. Don't try to apply this to any valuation of IQD for our purposes –
IF purchasing American bond, would be sold to you at a discount, to be redeemed later, and would receive the amount of interest as stated. NADA to do with our situation.
Tootsie: With that I bid adies for a few hours toodles
jazzyblue: okay just as i thought, still in my dinar dum land lol ty tootsie :)
forestnr4: http://ift.tt/1GVYYqB...
http://ift.tt/1GVYYqD
forestnr4: Where Dinar Will Stand in 2015
forestnr4: There are lots of predictions regarding the Revaluation of Iraqi Dinar and lots of changes inked with the dinar.
Many financial experts are thinking over the idea to change the currency of dinar very soon, according to the Iraqi officials, Iraqi dinar will get back its value very soon; paperwork is going on, heads of all financial institutions are thinking deeply to find out a smart solution in order to make this process simple and convenient.
These days, Iraq is recovering from the devastating economic conditions due to the destruction of infrastructure and bad political condition and continued Iraq war.
If we thoroughly review the currency then we find out that Iraqi dinar was one of the high value currencies of Iraq, and this currency had possessed an international status. The value of the Iraqi dinar, nowadays, is 1167 Iraqi dinars per USD; experts predict the revaluation to take place in 2015.
forestnr4: Iraqi dinar revaluation has now become the major plans for the Iraq, and the government of Iraq wants this revelation at the end of 2015.
Government officials say that the government of Iraq will make revaluation till the end of 2015, and this revolution will be enough to support the realities which are in the air these days.
According to the first plan, the government wants to reinforce the currency first so as to stable the dinar. After revaluation of the Iraqi Dinar, value of Iraqi dinar is expected to reach the value i.e. 0.86 USD per Iraqi dinar.
The present value of the dinar is 1167 dinars per USD. That day will become a good day in the diner when this currency will become a currency with more value. There are lots of expectations that after the Iraqi dinar revaluation, Iraqi dinar would come equal to the level of USD.
Upcoming value of Iraqi Dinar, IQD Exchange Rate and Iraqi Dinar RV in future all updates are available at this website www.iraqidinar.net http://ift.tt/1GVYW1N
SWSD: I'll take .86 and cry all the way to the bank! But this says it is 'expected to reach the ravlue of .86 USD', and not start out there.
SWSD: So am I to understand, or guess, that you don't believe his son is in a bad shape like he says either?
ajay214: So much wrong with that article, it is hard not to laugh. What 'experts'? Who says they will revalue at the end of the year? "According to the first plan...." What plan? By whom? What a stupid article.
forestnr4: ‹@ajay214› it is good to hear different points of view regarding the article. The article brings forward great dialogue and valid comments!
forestnr4: ‹@ajay214› in rebuttal that is....
nobody: same could be said for those who think RV
sczin11: GOOOOOOD AFTERNOON EVERYBODY....HOPE ALL ARE WELL
sczin11: ‹@forestnr4› FORGOT TO EMAIL U THIS MORN...DID U SEE THE POST?
forestnr4: no not yet, can you email please... :smile:
sczin11: ‹@forestnr4› wealthwatch.world/showthr...http://ift.tt/1S9KIWQ
forestnr4: ‹@sczin11› thanks!!
sczin11: TREMENDOUS NEWS RELEASES TODAY
sczin11: HERE IS ONE OF MY TWO FAVORITES TODAY
sczin11: HUGE STATEMENT - MONEY LAUNDERING LAW BY OCTOBER OR ISOLATION FROM WORLD ORGANIZATION
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!
Doug_W: saw that YIKES
sczin11: ‹@Doug_W› FOR THE OTHERS
Doug_W: ooops
sczin11: Global financial institutions slowed Iraq until October to approve the money laundering law [Image: 20327.jpg?width=650&watermark=4] [url=http://ift.tt/1GVYYGR] Author: ara Editor: ap reporter: we Number of Views: 32 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." Kanani said that
sczin11: "Iraq would be included in the black list countries in economic deal and cash
sczin11: "Iraq would be included in the black list countries in economic deal and cash
sczin11: "Iraq would be included in the black list countries in economic deal and cash
sczin11: other 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: wealthwatch.world/showthr... http://ift.tt/1S9KIWS
Comments may be made at the end of Part 2 Thank You
forestnr4: ‹@sczin11› the nice thing about that is that Iraq cannot change the date as they always seem to do. It is the back wall, or end of the road to make things happen!!!
sczin11: ‹@forestnr4› YES, THIS DEADLINE IS NOT IN THEIR CONTROL
forestnr4: :smile: exactly!!!
sczin11: HERE IS MY SECOND FAVORITE TODAY...COURTESY OF OOTW
sczin11: Former deputy in the Finance Committee: the current time is right to delete the three zeroes from the local currency 25/07/2015 9:47 [Image: 502481_Med.jpg] BAGHDAD / Nina / called a former member of the Finance Committee secretary Hadi al-Yasiri,
sczin11: the central bank to speed up the application of the project to delete the zeros and make it parallel with the money, which began shortly before laundering law
sczin11: the central bank to speed up the application of the project to delete the zeros and make it parallel with the money, which began shortly before laundering law
sczin11: the central bank to speed up the application of the project to delete the zeros and make it parallel with the money, which began shortly before laundering law
sczin11: Yasiri said Iraqi News / Nina / National Agency that "the project to delete the zeros project Old It was supposed enacted and implemented years ago, but some economic matters has affected negatively on the approval, stressing that
sczin11: "the market work and the issue of external and internal debt and the work of the Iraqi Stock Exchange are all related to the deletion of zeros and should be coordinated with the government to have the project ready for implementation."
sczin11: "the market work and the issue of external and internal debt and the work of the Iraqi Stock Exchange are all related to the deletion of zeros and should be coordinated with the government to have the project ready for implementation."
sczin11: "the market work and the issue of external and internal debt and the work of the Iraqi Stock Exchange are all related to the deletion of zeros and should be coordinated with the government to have the project ready for implementation."
sczin11: NOW READ THIS
sczin11: He added, "The current time is right To implement the project to delete the zeros to be parallel to the process of money laundering and controlling money smuggling operation abroad, adding that "money laundering and smuggling abroad adversely affect the price of the dinar, and a lot of private banks are benefiting from the price difference between the central bank and the market price."
sczin11: He added, "The current time is right To implement the project to delete the zeros to be parallel to the process of money laundering and controlling money smuggling operation abroad, adding that "money laundering and smuggling abroad adversely affect the price of the dinar, and a lot of private banks are benefiting from the price difference between the central bank and the market price."
sczin11: The Council of Ministers in the previous session postponed the application of the decision to delete the zeros from the current currency, without specifying a time limit before they resume the parliamentary finance committee and the central bank steps discuss implementation of the resolution at the current session on the 2016 early next year, it will be introduced in principle .
sczin11: wealthwatch.world/showthr...http://ift.tt/1GVYYGT
sczin11: NOW PUT THESE TWO RELEASES SIDE BY SIDE
sczin11: I DONT SEE EARLY 2016 LIKE MANY HAVE ALREADY STATED...
sczin11: I SEE PARALLEL TO MONEY LAUNDERING TO DELETE THE ZEROES
[RVPlease: I read OOTW Post on GURU..... Tell him.... we are NOT Four months from 2016..... unless... this is the end of August... :grin:
sczin11: WELL ARTICLE ABOVE STATED MONEY LAUNDERING HAD TO BE COMPLETE BY OCT 2015
sczin11: SO THE LAST PARAGRAPH BELOW IS A MISDIRECTION IMHO, OR JUST A GENERALITY..
sczin11: VERY INTERESTING, IRONIC OR COINCIDENT, OR PLANNED, THAT BOTH RELEASES APPEARED TODAY
sczin11: AND FOLKS, DONT FORGET THE USA FACTA TAX REPORTING LAWS, IRAQ STGATED WOULD BE VOTED INTO LAW BY SEPT 15
vtech: ‹@sczin11› If it doesnt happen until 2016.....your grounded :cheerful:
Doug_W: ‹@vtech› 4 how long?
vtech: 1652 days
Doug_W: thats a HARSH punishement
Donnie: i think 1166 days is enough :)
EdoBini: About 2016, the guy meant to say 2015. it is not uncommon for these folks in Iraq to misquote or misdirected as a result of their Arabic thong or dialect
Donnie: New mine to add 2 tons to Iran gold output
Donnie: Iran will open a new gold mine with a capacity to produce 2 metric tons per year of the precious metal in its western Kurdestan province, Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh says.
Production from the Sari Gunay deposits near Qorveh with an ore concentration of 1.6 grams per metric ton will begin in the next three months, he said. The mine is being developed jointly with Kazakhstan which has a 70% stake in the project, with the rest owned by Iran, Nematzadeh said.
The Kazakhs had undertaken to begin extraction from the mine in September 2013 but they have missed two deadlines so far. The minister said the second phase of the mine’s development will double production.
Nematzadeh said explorations were underway on two more sites believed to contain gold reserves in the Iranian Kurdestan province. In 2006, Anglo-Australian miner Rio Tinto pulled out of the Sari Gunay gold mining project after deciding it was not commercially viable.
The company had initially estimated to produce 4 million metric tons of ore per year from the mine over 12 to 18 years before concluding that the reserves were too small to continue with the project.
But the exit coincided with Western companies pulling out of Iran projects under US pressures, which convinced many observers to believe the decision was politically-motivated. Iran’s gold output is estimated to rise to 7 metric tons by 2017 which could significantly improve the country’s place among the world’s producers of the precious metal.
The Middle East’s largest gold deposit near the northwestern Iranian city of Takab in West Azarbaijan is undergoing expansion to double output by 2017. Last year, Iran’s gold production surpassed 4.1 metric tons.
Donnie: http://ift.tt/1eRksyx...
Donnie: Iran builds $2.5 billion power plant in Iraq
Donnie: Iran is building a natural gas combined cycle power plant in Iraq’s Basra at a cost of $2.5 billion in the Persian country’s biggest engineering services deal yet.
The project, being carried out by Iran’s MAPNA Group, aims to add 3,000 megawatts of electric power to Iraq’s national grid which is saddled with acute shortfalls at its current 8,500-megawatt capacity.
The deal, signed with the Iraqi-Jordanian Shamara Group, follows MAPNA’s successful implementation of Najaf and Baghdad power plants which will imminently receive the Iranian gas through a pipeline to begin operation. MAPNA Managing Director Abbas Aliabadi said Monday his company had started execution of the Rumaila power plant near Basra after 1.5 years of negotiations with the Iraqi side.
The facility will be completed in four years, with the first unit expected to join the national grid in early 2017. The deal includes the Iraqi government’s guaranteed purchase of the electricity produced at the power plant for 15-17 years, Shamara CEO Ali Shamara said, adding his country will finance the entire project. MAPNA will supply equipment, including gas and steam turbines and boilers besides engineering and supervising the project.
According to Shamara, security issues have been taken into account in deciding to build the facility in Rumaila in the relatively stable southern Basra which is only 60 km from the Iranian city of Ahvaz.
Donnie: see map and read more here: http://ift.tt/1eRksyx...
Donnie: WOW - I didn't realize Iran is like 4 times larger than Iraq.
Donnie: China Sea Rates: New Silk Road plans threaten liner industry
vtech: Iran is VERY similar to the US as in cities, streets, buildings, etc etc
Donnie: Caringbah: China’s plans to build more and more land links with Europe could seriously harm shipping lines in five years’ time, warns the ceo of Australian firm China Sea Rates today.
Tim Routh, who heads up the online freight rate pricing system, says that after reviewing China’s much talked about ‘New Silk Road’ plans if the People’s Republic can get the land route from Xian in central China through to Europe in play by 2020 then there will be a serious disruption to shipping worldwide.
“China will have the ability to transport goods through major European countries without having to use a single vessel, instead by rail or road,” Routh warns.
“This would then double the over service and overcapacity issues we have today.
Transit times would be far less for land than sea. With more shipping lines acquiring and ordering large capacity vessels it will be a matter of fleet management and capacity.
“This will directly affect pricing modules and we will be looking to adapt and exploit this in any future version of our solution. Pricing of shipping based on capacity, not market.”
China Sea Rates has been marketing heavily its new updated freight rate calculator. “The focus now for ecommerce in China,” explains Routh, “is being able to market and sell direct to the consumer globally.
Our LCL/LTL calculator delivers this. The shift is from traditional containerized B2B business to consolidated freight which is operating on a B2C basis, or from containerised seller to buyer to consolidated container with many sellers and buyers.”
Routh claims his is the first company to have an online LCL/LTL calculator from China to the most popular world destinations.
Donnie: http://ift.tt/1GVYW1Q...
http://ift.tt/1Inomq9
Tootsie: so very welcome. I researched few months ago re bonds/soverign bonds/ etc particularly with non= internationally traded currencies :cool:
Dianne777: i just wish this would happen lol
Dianne777: do you happen to know anything about meetings with WTO like when is the next meeting?
BOBBY: @Tootsie... where can one learn more about bonds?
Tootsie: me toooo =- there was another section, I will touch on. someone thought bonds were being sold and paid out in dec 2016. They are being OFFERED 12/32/2016 (for sale) and will be paid out in USD at their maturity, which may be ?1 yr 5 yrs ??? was not stated.
Tootsie: ‹@BOBBY› Investopedia, Wikipedia, financial times, Bloomberg - etc. if interested in soverign bonds, just google such, etc.
Tootsie: 12/31 --- bad typing. apologies
Tootsie: OK, and also, noted that IMF consultation was stated as 27th, IMF consultation has been moved to the 29th (couple days ago) so don't look for much yet
] Tootsie: ‹@Dianne777› not looked for wto in sometime, - will do -
Tootsie: The agenda of the session number (6) Tuesday 28 July 2015 July 28, 2015 The third parliamentary session The second legislative year The first legislative term First, read verses from the Koran.
Second, the first reading of the draft law of national card. (Commission on Security and Defense, Legal Committee , the Commission services reconstruction). (Article 47).
Third: the second reading of the draft federal civil service law. ( Legal Committee , Finance Committee ). (Article 100). Session starts at: eleven in the morning. Posted: Monday, July 27, 2015 3:06 PM
Tootsie: will put in forum
BOBBY: Tootsie....... thank you!
Tootsie: Have to scoot - Have a wonderful day !!!
Tootsie: thought for the day ~~ “Open-minded people do not impose their beliefs on others. They just accept all of life’s perspectives and realities, doing their own thing in peace without judging anyone.” ~ Author Unknown
BOBBY: so........ are we buying bonds lol
jazzyblue: being pretty dinar dum myself ( :( ), can someone explain this 1095 thing, i think thats what i saw .......just totally lost on this lol
Stash: you are not alone on this
jazzyblue: oh thank goodness at least its not just me this time lol
Stash: oh its not
jazzyblue: okay well IF, notice the word "IF" that were the so called "rate" to be, what does that translate out to in usd......i know theres some math thing, where you carry this, and pi r square that, and divide the other thing :( ........some calculation people with that are math brainiacs know how to do lol
Tootsie: fleeing out the door - had to look LOL - that is discounted rate cbi is offering for the bond pricing - the bonds will be payable down the road. Don't try to apply this to any valuation of IQD for our purposes –
IF purchasing American bond, would be sold to you at a discount, to be redeemed later, and would receive the amount of interest as stated. NADA to do with our situation.
Tootsie: With that I bid adies for a few hours toodles
jazzyblue: okay just as i thought, still in my dinar dum land lol ty tootsie :)
forestnr4: http://ift.tt/1GVYYqB...
http://ift.tt/1GVYYqD
forestnr4: Where Dinar Will Stand in 2015
forestnr4: There are lots of predictions regarding the Revaluation of Iraqi Dinar and lots of changes inked with the dinar.
Many financial experts are thinking over the idea to change the currency of dinar very soon, according to the Iraqi officials, Iraqi dinar will get back its value very soon; paperwork is going on, heads of all financial institutions are thinking deeply to find out a smart solution in order to make this process simple and convenient.
These days, Iraq is recovering from the devastating economic conditions due to the destruction of infrastructure and bad political condition and continued Iraq war.
If we thoroughly review the currency then we find out that Iraqi dinar was one of the high value currencies of Iraq, and this currency had possessed an international status. The value of the Iraqi dinar, nowadays, is 1167 Iraqi dinars per USD; experts predict the revaluation to take place in 2015.
forestnr4: Iraqi dinar revaluation has now become the major plans for the Iraq, and the government of Iraq wants this revelation at the end of 2015.
Government officials say that the government of Iraq will make revaluation till the end of 2015, and this revolution will be enough to support the realities which are in the air these days.
According to the first plan, the government wants to reinforce the currency first so as to stable the dinar. After revaluation of the Iraqi Dinar, value of Iraqi dinar is expected to reach the value i.e. 0.86 USD per Iraqi dinar.
The present value of the dinar is 1167 dinars per USD. That day will become a good day in the diner when this currency will become a currency with more value. There are lots of expectations that after the Iraqi dinar revaluation, Iraqi dinar would come equal to the level of USD.
Upcoming value of Iraqi Dinar, IQD Exchange Rate and Iraqi Dinar RV in future all updates are available at this website www.iraqidinar.net http://ift.tt/1GVYW1N
SWSD: I'll take .86 and cry all the way to the bank! But this says it is 'expected to reach the ravlue of .86 USD', and not start out there.
SWSD: So am I to understand, or guess, that you don't believe his son is in a bad shape like he says either?
ajay214: So much wrong with that article, it is hard not to laugh. What 'experts'? Who says they will revalue at the end of the year? "According to the first plan...." What plan? By whom? What a stupid article.
forestnr4: ‹@ajay214› it is good to hear different points of view regarding the article. The article brings forward great dialogue and valid comments!
forestnr4: ‹@ajay214› in rebuttal that is....
nobody: same could be said for those who think RV
sczin11: GOOOOOOD AFTERNOON EVERYBODY....HOPE ALL ARE WELL
sczin11: ‹@forestnr4› FORGOT TO EMAIL U THIS MORN...DID U SEE THE POST?
forestnr4: no not yet, can you email please... :smile:
sczin11: ‹@forestnr4› wealthwatch.world/showthr...http://ift.tt/1S9KIWQ
forestnr4: ‹@sczin11› thanks!!
sczin11: TREMENDOUS NEWS RELEASES TODAY
sczin11: HERE IS ONE OF MY TWO FAVORITES TODAY
sczin11: HUGE STATEMENT - MONEY LAUNDERING LAW BY OCTOBER OR ISOLATION FROM WORLD ORGANIZATION
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!
Doug_W: saw that YIKES
sczin11: ‹@Doug_W› FOR THE OTHERS
Doug_W: ooops
sczin11: Global financial institutions slowed Iraq until October to approve the money laundering law [Image: 20327.jpg?width=650&watermark=4] [url=http://ift.tt/1GVYYGR] Author: ara Editor: ap reporter: we Number of Views: 32 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." Kanani said that
sczin11: "Iraq would be included in the black list countries in economic deal and cash
sczin11: "Iraq would be included in the black list countries in economic deal and cash
sczin11: "Iraq would be included in the black list countries in economic deal and cash
sczin11: other 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: wealthwatch.world/showthr... http://ift.tt/1S9KIWS
Comments may be made at the end of Part 2 Thank You
forestnr4: ‹@sczin11› the nice thing about that is that Iraq cannot change the date as they always seem to do. It is the back wall, or end of the road to make things happen!!!
sczin11: ‹@forestnr4› YES, THIS DEADLINE IS NOT IN THEIR CONTROL
forestnr4: :smile: exactly!!!
sczin11: HERE IS MY SECOND FAVORITE TODAY...COURTESY OF OOTW
sczin11: Former deputy in the Finance Committee: the current time is right to delete the three zeroes from the local currency 25/07/2015 9:47 [Image: 502481_Med.jpg] BAGHDAD / Nina / called a former member of the Finance Committee secretary Hadi al-Yasiri,
sczin11: the central bank to speed up the application of the project to delete the zeros and make it parallel with the money, which began shortly before laundering law
sczin11: the central bank to speed up the application of the project to delete the zeros and make it parallel with the money, which began shortly before laundering law
sczin11: the central bank to speed up the application of the project to delete the zeros and make it parallel with the money, which began shortly before laundering law
sczin11: Yasiri said Iraqi News / Nina / National Agency that "the project to delete the zeros project Old It was supposed enacted and implemented years ago, but some economic matters has affected negatively on the approval, stressing that
sczin11: "the market work and the issue of external and internal debt and the work of the Iraqi Stock Exchange are all related to the deletion of zeros and should be coordinated with the government to have the project ready for implementation."
sczin11: "the market work and the issue of external and internal debt and the work of the Iraqi Stock Exchange are all related to the deletion of zeros and should be coordinated with the government to have the project ready for implementation."
sczin11: "the market work and the issue of external and internal debt and the work of the Iraqi Stock Exchange are all related to the deletion of zeros and should be coordinated with the government to have the project ready for implementation."
sczin11: NOW READ THIS
sczin11: He added, "The current time is right To implement the project to delete the zeros to be parallel to the process of money laundering and controlling money smuggling operation abroad, adding that "money laundering and smuggling abroad adversely affect the price of the dinar, and a lot of private banks are benefiting from the price difference between the central bank and the market price."
sczin11: He added, "The current time is right To implement the project to delete the zeros to be parallel to the process of money laundering and controlling money smuggling operation abroad, adding that "money laundering and smuggling abroad adversely affect the price of the dinar, and a lot of private banks are benefiting from the price difference between the central bank and the market price."
sczin11: The Council of Ministers in the previous session postponed the application of the decision to delete the zeros from the current currency, without specifying a time limit before they resume the parliamentary finance committee and the central bank steps discuss implementation of the resolution at the current session on the 2016 early next year, it will be introduced in principle .
sczin11: wealthwatch.world/showthr...http://ift.tt/1GVYYGT
sczin11: NOW PUT THESE TWO RELEASES SIDE BY SIDE
sczin11: I DONT SEE EARLY 2016 LIKE MANY HAVE ALREADY STATED...
sczin11: I SEE PARALLEL TO MONEY LAUNDERING TO DELETE THE ZEROES
[RVPlease: I read OOTW Post on GURU..... Tell him.... we are NOT Four months from 2016..... unless... this is the end of August... :grin:
sczin11: WELL ARTICLE ABOVE STATED MONEY LAUNDERING HAD TO BE COMPLETE BY OCT 2015
sczin11: SO THE LAST PARAGRAPH BELOW IS A MISDIRECTION IMHO, OR JUST A GENERALITY..
sczin11: VERY INTERESTING, IRONIC OR COINCIDENT, OR PLANNED, THAT BOTH RELEASES APPEARED TODAY
sczin11: AND FOLKS, DONT FORGET THE USA FACTA TAX REPORTING LAWS, IRAQ STGATED WOULD BE VOTED INTO LAW BY SEPT 15
vtech: ‹@sczin11› If it doesnt happen until 2016.....your grounded :cheerful:
Doug_W: ‹@vtech› 4 how long?
vtech: 1652 days
Doug_W: thats a HARSH punishement
Donnie: i think 1166 days is enough :)
EdoBini: About 2016, the guy meant to say 2015. it is not uncommon for these folks in Iraq to misquote or misdirected as a result of their Arabic thong or dialect
Donnie: New mine to add 2 tons to Iran gold output
Donnie: Iran will open a new gold mine with a capacity to produce 2 metric tons per year of the precious metal in its western Kurdestan province, Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh says.
Production from the Sari Gunay deposits near Qorveh with an ore concentration of 1.6 grams per metric ton will begin in the next three months, he said. The mine is being developed jointly with Kazakhstan which has a 70% stake in the project, with the rest owned by Iran, Nematzadeh said.
The Kazakhs had undertaken to begin extraction from the mine in September 2013 but they have missed two deadlines so far. The minister said the second phase of the mine’s development will double production.
Nematzadeh said explorations were underway on two more sites believed to contain gold reserves in the Iranian Kurdestan province. In 2006, Anglo-Australian miner Rio Tinto pulled out of the Sari Gunay gold mining project after deciding it was not commercially viable.
The company had initially estimated to produce 4 million metric tons of ore per year from the mine over 12 to 18 years before concluding that the reserves were too small to continue with the project.
But the exit coincided with Western companies pulling out of Iran projects under US pressures, which convinced many observers to believe the decision was politically-motivated. Iran’s gold output is estimated to rise to 7 metric tons by 2017 which could significantly improve the country’s place among the world’s producers of the precious metal.
The Middle East’s largest gold deposit near the northwestern Iranian city of Takab in West Azarbaijan is undergoing expansion to double output by 2017. Last year, Iran’s gold production surpassed 4.1 metric tons.
Donnie: http://ift.tt/1eRksyx...
Donnie: Iran builds $2.5 billion power plant in Iraq
Donnie: Iran is building a natural gas combined cycle power plant in Iraq’s Basra at a cost of $2.5 billion in the Persian country’s biggest engineering services deal yet.
The project, being carried out by Iran’s MAPNA Group, aims to add 3,000 megawatts of electric power to Iraq’s national grid which is saddled with acute shortfalls at its current 8,500-megawatt capacity.
The deal, signed with the Iraqi-Jordanian Shamara Group, follows MAPNA’s successful implementation of Najaf and Baghdad power plants which will imminently receive the Iranian gas through a pipeline to begin operation. MAPNA Managing Director Abbas Aliabadi said Monday his company had started execution of the Rumaila power plant near Basra after 1.5 years of negotiations with the Iraqi side.
The facility will be completed in four years, with the first unit expected to join the national grid in early 2017. The deal includes the Iraqi government’s guaranteed purchase of the electricity produced at the power plant for 15-17 years, Shamara CEO Ali Shamara said, adding his country will finance the entire project. MAPNA will supply equipment, including gas and steam turbines and boilers besides engineering and supervising the project.
According to Shamara, security issues have been taken into account in deciding to build the facility in Rumaila in the relatively stable southern Basra which is only 60 km from the Iranian city of Ahvaz.
Donnie: see map and read more here: http://ift.tt/1eRksyx...
Donnie: WOW - I didn't realize Iran is like 4 times larger than Iraq.
Donnie: China Sea Rates: New Silk Road plans threaten liner industry
vtech: Iran is VERY similar to the US as in cities, streets, buildings, etc etc
Donnie: Caringbah: China’s plans to build more and more land links with Europe could seriously harm shipping lines in five years’ time, warns the ceo of Australian firm China Sea Rates today.
Tim Routh, who heads up the online freight rate pricing system, says that after reviewing China’s much talked about ‘New Silk Road’ plans if the People’s Republic can get the land route from Xian in central China through to Europe in play by 2020 then there will be a serious disruption to shipping worldwide.
“China will have the ability to transport goods through major European countries without having to use a single vessel, instead by rail or road,” Routh warns.
“This would then double the over service and overcapacity issues we have today.
Transit times would be far less for land than sea. With more shipping lines acquiring and ordering large capacity vessels it will be a matter of fleet management and capacity.
“This will directly affect pricing modules and we will be looking to adapt and exploit this in any future version of our solution. Pricing of shipping based on capacity, not market.”
China Sea Rates has been marketing heavily its new updated freight rate calculator. “The focus now for ecommerce in China,” explains Routh, “is being able to market and sell direct to the consumer globally.
Our LCL/LTL calculator delivers this. The shift is from traditional containerized B2B business to consolidated freight which is operating on a B2C basis, or from containerised seller to buyer to consolidated container with many sellers and buyers.”
Routh claims his is the first company to have an online LCL/LTL calculator from China to the most popular world destinations.
Donnie: http://ift.tt/1GVYW1Q...
http://ift.tt/1Inomq9
via Dinar Recaps - Our Blog http://ift.tt/1S9KLlC
No comments:
Post a Comment