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Monday, August 3, 2015

My Ladies, Nova and Friends Monday AM: "News, and a Little Quiz"

Thanks My Ladies For letting us share from your private chatroom:

MY LADIES:
  GOOD MORNING FRIENDS...HOW ARE WE ALL DOING SO FAR TODAY?

OK SO NOW TO THE CBI

ALRIGHT SO THE CBI IS OPEN AND THE AUCTIONS WERE DONE.

TODAY THE CBI IS REDEEMING THE MUNICIPAL BONDS THAT WERE SOLD IN APRIL

ALL RIGHT I JUST CAME BACK FROM IRAQ AND THE ONLY THING OF INTEREST IS THIS:

Urgent .. Parliament vote approving the recommendations of the transfer of powers to the provinces Conference


the voice of the House of Representatives, today approving the recommendations of the transfer of powers from Ajaj ministries to the provincial conference.
....
According to the National Alliance MP Hassan Khalati, he told all of Iraq [where], "The Parliament voted on recommendations and decisions of the Commission provincial conference held yesterday on the transfer of eight ministries powers to the provinces," .anthy

MY LADIES: I'M OFF TO IRAN NOW

Sager: Morning Mary, Nova and everyone. Do we see any evidence of the 1095 bonds this morning?

MY LADIES:  NO

Bandito Rox:  Transfer of power is for Wednesday the 5th

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Bamdito Rox:  Read the last paragraph before you smack me with the newspaper

Customs confirms to embrace the application of tariff law on Iraq outlets and all officials welcome

Customs: We agreed with the Kurdistan region to adhere to the application of tariff law

According to Director General of Customs, Major General Hakeem Jassim, said in an interview to the (long-Presse), "The law of customs tariff applied in three phases, the first was on the specific types of goods, and the second more goods," noting that "the application of the third phase began first on Saturday, (the first of August the current 2015), on all goods entering Iraq. "

He adds Jassim, that "the government has given room for standing three months, to overcome the month of Ramadan, before starting to enforce the law effectively," noting that "the General Administration of Customs created the supplies necessary for the application of the law at border posts," pointing out that"the law will allow Iraq to join the WTO membership global ".  LINK 

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MY LADIES:  TAXES, TARIFFS, WTO, AHHHHH THE STUFF DINARLAND LEGENDS ARE MADE OF.

FORTUNATELY WE IN HERE UNDERSTAND THE WTO IS WAY DOWN ON THE LIST BEHIND THE ONE BELT ROAD!!

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MY LADIES:  IRAQ AND IRAN ARE INTERTWINED ON MANY FRONTS, THEY ARE MOVING IN THE SAME TIMEFRAMES AND HAVE INTERTWINED SECURITY AND BANKING TIES

Iran’s Zarif highlights ties with Iraq in all fields

http://ift.tt/1OK37nj

Iranian Foreign Minister Mohammad Javad Zarif says Tehran attaches great importance to its relations with neighboring Iraq in all arenas.

“Iran and Iraq have special relations which I hope will be developed and boosted in all areas. The Iraqi government and nation have a special status for us,” Zarif said in a meeting with Rajeh Saber Abboud al-Mousavi, the new Iraqi ambassador to Tehran, on Sunday.

In July, Iranian President Hassan Rouhani told the visiting Iraqi premier that the Islamic Republic will continue supporting Iraq in its fight against terrorism, noting that the country's security is intertwined with that of Iran.

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MY LADIES:  MORE FAMILIAR PARTNERS RETURNING TO IRAN

Executives of Italy’s oil giant in Tehran on Tuesday

http://ift.tt/1E2JCQZ

 An official of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) says senior executives of Italy’s oil giant, ENI, will arrive in Tehran as part of a business delegation on Tuesday.

Ali Akbar Farazi, ICCIMA’s deputy for international affairs, said ENI will be part of a high-ranking Italian delegation headed by the country’s Foreign Minister Paolo Gentiloni, which will arrive in Tehran the day after tomorrow.

MY LADIES
: ALRIGHT SO THIS IS A BIT CONFUSING AT FIRST GLANCE BUT THEN FURTHER INTO IT WE SEE WHERE IRAN IS GOING WITH THEIR CURRENCY.

RIGHT NOW THE SITUATION IS NOT FAVORABLE FOR 1 CURRENCY BUT THEY ARE SAYING MAYBE AFTER 6 MONTHS THEY CAN BEGIN MOVING TO 1 CURRENCY. VERY SOON THEY WILL BE LOOKING TO ESTABLISH RELATIONSHIPS WITH FOREIGN BANKS

Chairman of the Central Bank saidhttp://ift.tt/1KMhQx3

The government's plan to lift restrictions on the establishment of foreign banks

Tehran - IRNA - Head of the Central Bank of the government's plan to lift restrictions Harjy established banks in the country and said the bank plans to fix the problem Al.sy (opening) is being investigated.

IRNA economic report, but Saif Ali on Monday in Tehran who attended the fourth meeting of the Board of the Chamber of Representatives and First Vice President Mohammad Ishaq Jahangiri Nematzadeh Minister of Industry, Mine and Trade was held in Tehran in the room, said the establishment of foreign banks

He continued: According to the law, foreign investors up to 40% can be independent shareholder of the bank, of course, foreign investors prefer to enjoy the Iranian shareholder in order to develop banking activities.

Saif stressed that the restrictions are intended to establish a foreign bank in the country eliminated.

He described some of the achievements of the eleventh year, expressed hope that the positive things with the guidance of the Supreme Leader and the integration continues.

He said that the banking system is already certain conditions, said 90 percent of the financing is done through the banking system and the role of the capital market in this case is low but efforts are underway to address this issue.

Head of the Money and Credit Council said the banking system should be the task of short-term financing and capital market needs a long-term task to be undertaken while government debt to the banking system should move towards zero.

Saif, referring to the withdrawal of banks from Bngahdary, said the banking system with more room to maneuver out of Bngahdary support the activities of the private sector.

President of the Central with a reference to the situation created by the joint action plan, said the new space opened after Brjam and programs for economic development and to invite the foreign investors is underway.

joint action by the central bank began to banks with new ideas to create more attractive conditions for foreign bankers.

Chairman of the Central Bank of exit from recession said in this regard, based on credit card interest-free banking and communicates via Murabahah contract is on the agenda.

The country is engaged in import, based on this effort to Al.sy monetary equivalent, which is now 30% to 10% rate before the sanctions, and back.

Saif said that the banking system welcomes the growth of the capital market, said the quality of the banking system and capital market varies, but can also take advantage of the resources of the two sources of foreign capital for economic growth used .

Currency maximum of 6 months after the operation of the single Brjam

Chairman of the Central Bank of the single currency also said the central bank always check the market conditions for the single currency until the international banking brokerage disorders, there it was not possible.

He said that in the past everything was ready for the single currency but due to the lack of inter-agency international banking, said: maximum 6 months after becoming operational Brjam the single currency, while foreign exchange system All management is floating.

In conclusion, he said that if the same rate predictability to economic issues and economic development becomes possible.

Aqtsam (3) 9141/9132/9314 ** 1558

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MVL:
  Germany is setting up shop...I think this dovetails with what Mary just said about relationships with foreign banks.   http://ift.tt/1IU6da3

And get more things moving in the energy sector...http://ift.tt/1KMhSVP

And Indian involvement looks positive too... http://ift.tt/1IU6da5

Water resources, and their development. Great progress! http://ift.tt/1KMhSVR

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PrincessDD:  IRAN:

Iran is a sweltering 165 degrees   http://ift.tt/1K0Rpkk

Washington battle rages over Iran nuclear deal's fate  http://ift.tt/1IU6da7

Congress Should Help Strengthen Iran Deal, Not Reject It  http://ift.tt/1SBjVmx

Un-sanctioning Iran: What the nuclear deal means for the future of sanctions http://ift.tt/1KMhSVS

The Iran deal and South Asia  http://ift.tt/1IU6dql

Sanctions on Iran pipeline project remain: US http://ift.tt/1fZ0LFH

Top Democrat on House Intelligence panel backs Iran deal     http://ift.tt/1KMhQx9

Iran puts priority on exporting gas to neighboring countries http://ift.tt/1IU6dqo

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PrincessDD
: GREECE AND EUROZONE:

Stocks Plunge in Greece as Athens Exchange Reopens http://ift.tt/1OZt3Me

Energy stocks lead a modest decline in early trading 25 minutes ago   http://ift.tt/1KMhQxc

How the IMF and US were party to Greece's tragedy  http://ift.tt/1IU6euA

Eurozone Crisis Nations Leave Greece Behind

The eurozone recovery is increasingly being led by those hardest hit by the crisis – except for Greece http://ift.tt/1KMhTce

UPDATE 1-Greece's battered economy threatens to sink further http://ift.tt/1IU6dqq

Eurozone PMI shows collapse in Greece’s manufacturing output; Athens’ stock markets fall http://ift.tt/1KMhQxh

Argentina Could Show Greece A Way Out Of Its Crisis  http://ift.tt/1KLrUGC

Greece Succumbs to Imperialist Banksterism   http://ift.tt/1IU6dqr

Greek industry has been obliterated by the bank and bailout turmoil  Read more: http://ift.tt/1KMhTch

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PrincessDD:  BRICS:


BRICS Seeks Beneficial Cooperation, Not Against Third Parties  Read more: http://ift.tt/1IU6euE

BRICS Business Forum to be held in Dubai next monthRead more at: http://ift.tt/1KMhQNz

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PrincessDD:  CHINA YUAN:

China's yuan flat on central bank guidance, factory survey fails to weighRead more at: http://ift.tt/1IU6euG

China Thwarts Morgan Stanley, UBS as It Opens Yuan Bond Market http://ift.tt/1KMhTcl

China's e-commerce Trade Over 16 Trillion Yuan http://ift.tt/1UhOyuX
MY LADIES:  NOVA HAS A QUIZ FOR EVERYONE….ARE YOU READY??

ARE THE TARIFFS AND TAXES BEING IMPLEMENTED A SIGNIFICANT STEP IN THE MONETARY REFORM? WHY OR WHY NOT?

NOVA YOU CAN NOT HELP!!!

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PrincessDD:  If I understand correctly they have always had them and it has no bearing on the monetary reform.

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MVL:  I'm going to say no. My understanding is tariffs and taxes are applicable to the volume ebb and flow of trade, but they do not directly drive or set currency value.

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Blessed153:  No, because they have been collecting them forever.......

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Rocket Rich:  They've been collecting tariffs and taxes foreva...    http://ift.tt/1IU6dqw

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IQD NOVA:
  OK HERE IS A HINT. IT HAD NOTHING TO DO WITH VALUE BUT IT DOES HAVE TO DO WITH..........

Dale:
  …trading internationally!!!

MVL:   ...exchange rates...?

Dale:
  I think they might have turned their currency on?

Patience:
  Beginning the beginning

IQD NOVA:  YOUR GETTING THERE....THINK ABOUT THE ONLY THING THAT ML POSTED TODAY ON IRAQ.

Rocket Rich:  It signals a transfer of powers to the provinces.

IQD NOVA: WHY?    WHAT WILL THE PROVINCES BE ABLE TO DO????

MVL:  Implement budgets

Rocket Rich:  Govern themselves financially like our states do.

IQD NOVA:
  BINGO!!!    AND WHAT MUST BE IN PLACE AT THE FEDERAL LEVEL FIRST?

MVL:
  A current exchange rate so the provinces will know the correct percentage of local taxes and tariffs to forward to Baghdad...?

Rocket Rich:  At the federal level, the central bank must give autonomy to the government.

IQD NOVA:  IF IN FACT THERE MOVING TO AN OPEN MARKET ECONOMY AND YES THEY ARE. AND THAT MOVE GIVES THE PEOPLE THE POWER TO DO BIZ WITH ANYONE ANYWHERE THEY WANT.....

AND ALLOWS THE PROVINCES TO CHARGE TAXES WHAT TAX STRUCTURE MUST BE IN PACE FIRST? AND WITH NO HOLES IN IT??

Rocket Rich:  Tariffs

IQD NOVA:
Thumbs Up….THEIR TAX STRUCTURE!!!!!!

ITS NOT THE AMOUNT OR IF THEY HAVE BEEN DOING IT FOR YEARS...

ITS UNIFORMITY ACROSS THE ENTIRE COUNTRY!!!

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Joey:
  No tariffs have always been implemented has no bearing on repricing, mary has said this over and over…..Shows us they are trading

Pocket Rich:
  Not on a provincial level though, Joey.  That power is now trickling down to the provinces.  They are demonstrating uniformity that must be in place throughout the country.  An important step.

Joey:  Amen Rich

IQD NOVA:
  Thumbs Up


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