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Friday, March 4, 2016

Dinar Updates Thursday PM Chat  3-03-16    Part 1 of 2

Post From Dinar Updates 3-03-16
Chat Room Excerpts & Highlights

Dinar Updates Thursday PM Chat  3-03-16    Part 1 of 2
 
rcookie says():FITCH DOWNGRADED IRAQS CREDIT RATING LONG TERM OUTLOOK FROM STABLE TO NEGATIVE...DUE TO OIL MARKET STABILITY AND VOLATILITY...
 
rcookie says():STILL B-....AND THE ENTIRE OIL DEPENDENT ME IS GETTING SAME OUTLOOK BECAUSE OF OIL....AND IRAQ IS MOVING AGGRESSIVELY TO GROW NON OIL REVENUES TO GDP...
 
Holly1 says to rcookie():Mohammed Salem al-Fatlawi
I expect the dollar down after the rise of oil, experts forecast the oil arriving this month to $ 60 a barrel

rcookie says():FITCH ORIGINALLY PREDICTED 15% DEFICIT FOR 2016...
rcookie says():OIL AT $60 IN MARCH AT $60...DELIVERED BY A TEAM OF UNICORNS.....
Rcookie says():FATLAWI IS SMOKING CAMEL GRASS....
 
rcookie says():LETS NOT GO HIDING ALL THE SHARP UTENSILS BECAUSE OF FITCH REPORT...
rcookie says():REMEMBER THEY ARE BUDGETED AT $45..AND 3.6MBPD....
 
rcookie says():TRIMMED ALL POSSIBLE FAT OFF OF EXPENDITURES...AND FULLY ENGAGED NON OIL REVENUE STREAMS (CUTOMS TARIFFS)...OUTLINED PER STIPULATIONS FOR 2016 BUDGET...
 
Hutch says to rcookie():Agreed, Broad statement covering the middle east and expected with the oil market where it is. Their reliance on the oil business becoming less and growth in other areas are the signs of setting up for stability in the future.
 
Pablo says():It still isn't enough.
Pablo says():Unless they RV, they're stuck
 
rcookie says():NO...THEY ARE REPORTED TO BE GROWING DEFICIT AT $5B/MONTH WIT OIL WHERE IT HAS BEEN...AND REMEMBERNTHEY WILL NOT BE ABLE TO BRIDGE SOME OF THE DEFICIT WITH PRODUCTION SURPLUS...DUE TO THE PRODUCTION FREEZE AT 3.2 MBPD....
 
Hutch says to rcookie():Possible clean up in 2017
 
Fitch said the International Foundation for credit rating, in its report, which announced today, and I followed (range Press), "The classification of the Iraqi economy rate was amended from stable to negative, to one degree (B-) of the deterioration of oil prices, increasing the deficit in the gross domestic product GDP from 8.2 percent in the 2015 last year, to 15 percent during the current year 2016,
 
in line with expectations, "likely the possibility of improving the Iraqi economy more during the next year, in 2017 the deficit rate to fall to 7.6 percent of the total gross domestic product."
 
rileyjones says to BGG():i was thinking they need this RV am I missing something? By the way, I hope you are doing better. Glad you are back
rileyjones says to BGG():Where did everybody go?
 
BGG says to rileyjones():I don't see any other way.
BGG says to rileyjones():nor do their own economists.
 
SoonRV says():Wasnt there news stating Iraq into the WTO recently
 
rileyjones says to BGG():Not holding my breath but I think it looks good for someone to get off that pot and get it done
 
SoonRV says():There would be no need or even talk into the WTO for Iraq....UNLESS they were due to go internationaly live     SoonRV says():am i wrong?
rileyjones says():i believe you are right. Of course I am not BGG
 
Mark McKinnon[10207217982511337@facebook..] says():wasn't it suppose to happen by Mar 01 hmmmmmmmmm
 
BGG says to Mark McKinnon[10207217982511337@facebook..]():What by Mar 01?/
 
Mark McKinnon[10207217982511337@facebook..] says():"POPPY3: THE REPORT GIVEN TO THE IMF, WB, UN SAID MARCH 1? ITS NOT A GUESS ON MY PART IT'S THEIR WORDS ON THEIR OFFICIAL REPORT. " dinar recaps 02/24/16
 
Loopback says():Muwaffaq Mahmoud Hassan *: Crossroads: Banking remittances allegedly looted dollar letters of credit or import?

- PUBLISHED IN 03/03/2016    For years before the day I called more than once in unsuitable to the need to abandon the currency remittances from the window style with the Central Bank to finance imports and return to the documentary credits a diaper on balance 
 
Loopback says():For years before the day I called more than once in unsuitable to the need to abandon the remittance of currency window style with the Central Bank to finance imports and return to the documentary credits a diaper on the nation 's balance of foreign from loss currencies,
 
and do not need to be reminded that based credits Yeh method adopted on a larger scale in international trade and organized customs and practices Uniform customs & practices international issued by the international Chamber of Commerce based in Paris ,
 
and perhaps it is important to say that what was usages and practices has become today 's rules rules obliged to invoke God , the protagonists in the courts that will regulate trade relations between importers and Almsidirn and preserve the rights of the parties to the contract.
 
 
BGG says to Mark McKinnon[10207217982511337@facebook..]():exactly what report and what did it say??
 
Loopback says():We have noticed our call for a return to a much documentary support credits and Iodide of banks and respective personnel , but that support did not find him resonate with the central bank ,
 
which continued to sell the dollar through the window, but support culminate in a few days ago under the guidance of the Prime Minister to the central bank 's need to reduce the phenomenon of evasion currencies Alajunbh was economic adviser ,
 
Dr. appearance of Mohammed Saleh was preceded by the support and upheld the call to return to the letters of credit. in order to achieve the goal that meant the Prime Minister has to be a few measures taken by the competent organs include it in below: -
 
To continue reading please download the PDF file easy printing by clicking on the following link:
 
Mowafaq Mahmoud-Cross way-Tranfer or Letter of Credit   Source
 
http://ift.tt/21NMhew

Hutch says():Legal representative: good results on the amnesty law would be announced next week 2016/3/3
 
{Baghdad: Euphrates news} parliamentary legal Committee Chief Mohsen sadoon near Easter and good results on the amnesty law.
 
Saadun said Agency {forat news}, that "there are meetings and discussions with Parliament Speaker Salim al-Jabouri, the legal Committee continued during these days of discussions, and positive results will be announced on the law next week.
 
"The law is linked to the political and security situation in the country, as well as within the framework of national reconciliation, but what is happening today from security violations in the country require careful to pass this law, must be recognized in time on the admissibility of the plea."
He was speaker of the House of Salim al-Jabouri was given parliamentary legal 6 February weeks to resolve legal {Federal Court, Amnesty}, and reach solutions on controversial points of view on the Parliament and vote on them.
 
Hutch says():It is said that "political disagreements prevented to reach points of agreement on a series of important laws, primarily the Federal Court legally amnesty." Ended  LINK
 
 
rcookie says():Iraqi dinar recovery expectations after the end of the war the daash
 
Economy Since 2016-03-03 at 21:20 (GMT)
 
Translate balance news
 
We cannot ignore the fact that the State of Iraq significant changes in the economy if investment opportunities and strategic planning for utilization of imams pain resources correctly.
 
Iraq stands on the brink of anfgarmn financial growth, which encourages him to promote foreign investment in infrastructure, oil and manufacturing, such as the Wall Street Journal, progress in inventory for quick agents so that "Iraq is a country populated by more than 30 million people with active workforce and education, and is a very attractive country for foreign investors and could attract foreign investors ' desire for Iraqi companies to open huge investment projects".
 
Despite us President Barack Obama end the military operations in Iraq may take some time before the country into a stable and peaceful situation.
 
rcookie says():The paper says that "despite all these facts, we cannot ignore the fact that the solid state resources Iraq if placed under the authority and administration of creating investment opportunities and tremendous changes in the economy."
 
And asserts that "with the economic development and in a very short time become one of international forces Iraq."
 
And that "the Iraqi Government has taken several decisive steps to strengthen the economy in Iraq as the Government sought to reduce the inflation rate from 19% to 6%.
 
And indicates that the Government supply-and-demand equation opportunities to finance local Iraqi market where the Government implemented several contracts with international companies to increase oil production, is expected until the end of 2020, oil production reaches a level of 10 million barrels per day. "It also notes that "by that date, Iraq is expected to be one of the largest suppliers of oil."
 
Read More :
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rcookie says():Says Iraq may become "the largest supplier after Saudi Arabia and Russia" but insisted that "the current oil price stability."
 
Considers that this "will stir significantly Iraq oil revenues and are actually good marks for the developments of the Iraqi economy."

Health find that "despite the fact that the increase in value of the Iraqi dinar is still weak, it remains surprising small increases but persists in Iraqi dinar value despite economic recession around the world."
 
And points out that "at present, the Iraqi dinar is traded locally only, and not worldwide. And are likely to remain in this situation for a long time, depending on the ability of the importing country, and assess the level of consumption to ensure the welfare of the Iraqi State, "Noting that" the actual fate of foreign currency currently depends actually and accurately on State capacity in delivery and lifting oil exports and the way in which the Organization will attempt to use the oil within the State ".
 
rcookie says():And cautions that "most of the foreign exchange earnings of Iraq has nothing to do with Iraqi dinars directly because everything is usually purchased in us dollars.
 
And expect a recovery for the newspaper Iraqi currency after the war with daash says they will be stronger after the Federal Government's control over the vast supply of natural resources revenues.
All over
 
http://ift.tt/24GmMOS   LINK

 
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