WSOMN:
FX Stratigest: INTEL ALERT from TANK: St Patrick's Day Good Morning
TANK: "INTELLIGENCE ALERT - MARCH 16, 2016 ABADI'S SPEECH FOR THE IQD TO BE INTERNATIONAL WAS MADE. IRAQI SOVEREIGN BONDS HAVE BEEN SOLD. THE RV IN THE US BEGAN MARCH 15. REDEMPTION APPOINTMENTS SCHEDULED TO BEGIN IN THE MORNING. REDEMPTION STAFF ARE WAITING AND DON'T KNOW WHAT THE DELAY IS ABOUT. EXCEPTIONALLY HIGH RATES NOW ON SCREEN. PLEASE REMAIN CALM, WE ARE AT THE BEGINNING OF THIS BLESSING.
"THE FLIES CONFIRM THE SITEP :) [Flies on the wall at yesterday's 5-hour WF training meeting.]
"My best guess for the beginning of redemptions/exchanges would be for an early afternoon release of 800#s, with appointments starting 2 hours later."
Q: "Hi TANK. will the exchange center still be open 24 hours."
....
FX Stratigest: INTEL ALERT from TANK: St Patrick's Day Good Morning
TANK: "INTELLIGENCE ALERT - MARCH 16, 2016 ABADI'S SPEECH FOR THE IQD TO BE INTERNATIONAL WAS MADE. IRAQI SOVEREIGN BONDS HAVE BEEN SOLD. THE RV IN THE US BEGAN MARCH 15. REDEMPTION APPOINTMENTS SCHEDULED TO BEGIN IN THE MORNING. REDEMPTION STAFF ARE WAITING AND DON'T KNOW WHAT THE DELAY IS ABOUT. EXCEPTIONALLY HIGH RATES NOW ON SCREEN. PLEASE REMAIN CALM, WE ARE AT THE BEGINNING OF THIS BLESSING.
"THE FLIES CONFIRM THE SITEP :) [Flies on the wall at yesterday's 5-hour WF training meeting.]
"My best guess for the beginning of redemptions/exchanges would be for an early afternoon release of 800#s, with appointments starting 2 hours later."
Q: "Hi TANK. will the exchange center still be open 24 hours."
....
Tank: "SOME WILL BE. I'D SAY THE MEETING YESTERDAY IS THE BEST INDICATOR OF THAT CHECK LIST YOSEF MENTIONED BEING COMPLETED AND 800#s READY FOR RELEASE."
Meetings yesterday took place: "TO THE BEST OF MY KNOWLEDGE, I CAN CONFIRM NY, CHICAGO, FLORIDA, COLORADO, AND TEXAS"
"PRETTY SURE IT WAS NATIONWIDE, THOSE ARE JUST THE PLACES I HAD DEFINITE CONFIRMATION.
"I'M JUST SPECULATING, BUT IT'S LOGICAL. AN EMERGENCY MEETING TO GET EVERYONE ON THE SAME PAGE. DOESN'T SEEM LIKE THAT'D BE NECCESSARY IF IT WERE WEEKS OR EVEN DAYS OFF.
"IRAN SAYS THEY'RE GOING FRIDAY, IRAQ's PM ABADI MADE THE ANNOUNCEMENT ON TUESDAY."
************
Beamer : Good Morning. This is my Hello and Good Bye. It's just my Intuition telling me that it's time for me to say so long.. Happy St. Patricks day to all.. May you all be blessed with a Pot of Gold at the end of the Rainbow. :) Love to all.
Beamer: I KNOW the NDAs are REAL.. and will be strictly enforced.. so I choose to say See ya .. at this time.. get my drift?
wolfy : yes--today is our day…we all are on the edge of our future life of prosperity and PIF….bye and enjoy your final hours before we RV
AdminBill: TODAY MAY BE THE BEGINNING OF A VERY EVENTFUL WEEKEND
Dinarmaven: Looks like oil is pushing $41 as Clarke and frank have been saying before the rv. Interesting. ..
***************************************
Dinar Updates:
Millionday: (Reposted) I AM TRYING TO VERIFY A GLOBAL MARKET REPORT --
SORRY ITS TAKING SO LONG -- A HUGE HUSH IS OVER THE NEWS RIGHT NOW --
NEWS IS SO HUSHED RIGHT NOW IT IS VERY HARD SO WE HAVE TO DEAL WITH IT
OBVIOUSLY THE MARKET NEWS IS WHAT WE WANT TO SEE AND ALSO WHO IS THERE AND WHAT ACTIONS ARE TAKING PLACE
NOTE -- IT HAS BEEN SAID THAT MANY DELEGATES ARE IN IRAQ AND WE HAVE READ THAT THE US OF A REPS ARE THERE AND THE LIST IS LONG
SO WITH IRAN MOVING FORWARD WITH THE SWIFT CODES TO ME IS THE BEST AND MOST INFORMATIVE NEWS OF ALL -- SO MUCH ONEY IS INVOLVED THERE IT MAKES ALOT OF SENSE --
I CHOOSE WAIT…..SMILE……: KEEP AN EYE OPEN
*****************************
TNT:
Harambe: Oil rallies towards $41, near 2016 high, on producer meeting http://ift.tt/1UiJpFo http://ift.tt/1UiJpFo
Harambe: Foreign governments are dumping U.S. debt like never before.
http://ift.tt/21wTpKd
***************************
KTFA:
Delta : (Reposted from Monday night CC)
In the next 24 hours we are expecting an announcement about the BONDS. The bonds will come out 1.5 Trillion Dinars. Very interesting. Remember, they kept extending the date because no one was buying them.
If they value the bonds around 6% … it will attract investors.
Watch what happens in the next 24-48 hours. If they increased the value of their currency...it will be very interesting to see what happens with the bonds.
Will they make the same mistake they did last time?
If they change the rate...Iraqi’s won’t feel safe about leaving their currency under their mattresses
Meetings yesterday took place: "TO THE BEST OF MY KNOWLEDGE, I CAN CONFIRM NY, CHICAGO, FLORIDA, COLORADO, AND TEXAS"
"PRETTY SURE IT WAS NATIONWIDE, THOSE ARE JUST THE PLACES I HAD DEFINITE CONFIRMATION.
"I'M JUST SPECULATING, BUT IT'S LOGICAL. AN EMERGENCY MEETING TO GET EVERYONE ON THE SAME PAGE. DOESN'T SEEM LIKE THAT'D BE NECCESSARY IF IT WERE WEEKS OR EVEN DAYS OFF.
"IRAN SAYS THEY'RE GOING FRIDAY, IRAQ's PM ABADI MADE THE ANNOUNCEMENT ON TUESDAY."
************
Beamer : Good Morning. This is my Hello and Good Bye. It's just my Intuition telling me that it's time for me to say so long.. Happy St. Patricks day to all.. May you all be blessed with a Pot of Gold at the end of the Rainbow. :) Love to all.
Beamer: I KNOW the NDAs are REAL.. and will be strictly enforced.. so I choose to say See ya .. at this time.. get my drift?
wolfy : yes--today is our day…we all are on the edge of our future life of prosperity and PIF….bye and enjoy your final hours before we RV
AdminBill: TODAY MAY BE THE BEGINNING OF A VERY EVENTFUL WEEKEND
Dinarmaven: Looks like oil is pushing $41 as Clarke and frank have been saying before the rv. Interesting. ..
***************************************
Dinar Updates:
Millionday: (Reposted) I AM TRYING TO VERIFY A GLOBAL MARKET REPORT --
SORRY ITS TAKING SO LONG -- A HUGE HUSH IS OVER THE NEWS RIGHT NOW --
NEWS IS SO HUSHED RIGHT NOW IT IS VERY HARD SO WE HAVE TO DEAL WITH IT
OBVIOUSLY THE MARKET NEWS IS WHAT WE WANT TO SEE AND ALSO WHO IS THERE AND WHAT ACTIONS ARE TAKING PLACE
NOTE -- IT HAS BEEN SAID THAT MANY DELEGATES ARE IN IRAQ AND WE HAVE READ THAT THE US OF A REPS ARE THERE AND THE LIST IS LONG
SO WITH IRAN MOVING FORWARD WITH THE SWIFT CODES TO ME IS THE BEST AND MOST INFORMATIVE NEWS OF ALL -- SO MUCH ONEY IS INVOLVED THERE IT MAKES ALOT OF SENSE --
I CHOOSE WAIT…..SMILE……: KEEP AN EYE OPEN
*****************************
TNT:
Harambe: Oil rallies towards $41, near 2016 high, on producer meeting http://ift.tt/1UiJpFo http://ift.tt/1UiJpFo
Harambe: Foreign governments are dumping U.S. debt like never before.
http://ift.tt/21wTpKd
***************************
KTFA:
Delta : (Reposted from Monday night CC)
In the next 24 hours we are expecting an announcement about the BONDS. The bonds will come out 1.5 Trillion Dinars. Very interesting. Remember, they kept extending the date because no one was buying them.
If they value the bonds around 6% … it will attract investors.
Watch what happens in the next 24-48 hours. If they increased the value of their currency...it will be very interesting to see what happens with the bonds.
Will they make the same mistake they did last time?
If they change the rate...Iraqi’s won’t feel safe about leaving their currency under their mattresses
KTFA Cont……
Walkingstick: Jubouri: Secretary-General of the United Nations and World Bank President will settle two guests in parliament
Walkingstick: Jubouri: Secretary-General of the United Nations and World Bank President will settle two guests in parliament
Baghdad} Euphrates News announced Parliament Speaker Salim al-Jubouri, during Thursday's meeting, the Secretary-General of the United Nations and World Bank President will settle two guests in parliament.
According to a parliamentary source told {Euphrates News} Today, that "al-Jubouri announced during today's meeting, the Secretary-General of the United Nations Ban Ki-moon and World Bank President Jim Yong Kim, will settle two guests in Parliament; to review the economic crisis and to find appropriate solutions" .. follow
http://ift.tt/21wTqy3
************
Walkingstick: Is it time to Invest in Iraqi Bonds?
March 17, 2016 in Investment, Iraq Banking & Finance News
By John Lee.
Boutique investment bank Exotix Partners has issued a “buy” alert on Iraqi benchmark U.S.-dollar 2028 bonds on Tuesday, following a “sell” notice in September.
The company says:
“It seems that an extra level of country risk is being embedded in Iraq specifically, perhaps because the market views its debt as unsustainable. Having once traded at only a small discount to other commodity exporters, the 2028s are now over 200 basis points wide of our basket.”
The bonds were trading at a cash price of 66.57 cents to the dollar (12.55 percent yield) on Tuesday, compares with an average yield of 8.98 percent for other oil-exporting sovereigns in Exotix’s universe, according to a report from CNBC.
They reached an all-time low in December 2008 of around 42 cents to the dollar, and made a partial recovery from a recent low of roughly 59 cents in mid-January 2016.
Exotix sees “fair value” close to 75 cents with a yield of 10.6 percent.
http://www.iraq-businessnews.c.....aqi-bonds/
************
Walkingstick: A new generation of Impact Investment, an opportunity for Iraq?
March 17, 2016 in Construction & Engineering In Iraq
By Madeleine White, capacity building specialist and co-founder of Nina-Iraq Magazine, Director of Impact, Challenges.
On International Women’s Day last year I was in Kurdistan, addressing an audience of hundreds of men and women looking to celebrate the strides women had made in both Kurdistan and Iraq as a whole. This year I spent the day in the City of London and then flew across to Munich to take part in a conference that looked at the role corporations have to play in supporting growth in emerging economies, both with investment and supply chain support.
In an increasingly fraught investment and economic climate, determined by the low price of oil, I wanted to share a model I believe represents real hope in terms of building stability. Although the ACRE model outlined below, doesn’t currently include Iraq (although it could include Iraqi investment- see below!), it is in Palestine and Afghanistan and is looking to grow. By building awareness for what can be done and how NGOs and investors are coming together to look at development in a new way, I am hoping that around International Women’s Day 2016 in Iraq, a new candle of opportunity can be lit.
Over 150 guests from investment, foundation and corporate backgrounds joined the launch of ACRE (Access to Capital for Rural Enterprises), on 8th March, International Women’s Day, in the City of London.
Panellists included Argidius investor Nicolas Colloff; Martin Rich, Sales Director of Social Finance Ltd and Practical Action’s Alison Griffiths – senior policy and practice advisor. Challenges Worldwide youth return volunteer Ellinor Jensrud and Sudanese business man Dr Mohammed Haroon completed the expert perspective on offer. Moderated by Challenges Worldwide CEO Eoghan Mackie, the need for NGO involvement in the impact investment capacity building pipeline was conclusively illustrated.
ACRE investor Martin Rich explained how support at bottom of the pyramid (BoP) level, was virtually non-existent. He went on to share the importance of this lack, as this grass roots level support was badly needed to build the pipeline into SME and export in emerging economies. He felt that it was this ‘stepping stones’ process (in terms of recognising and then building upon opportunity), that ACRE was supporting.
Nicolas Colloff added to this investor perspective;
“Argidius is looking to support programmes that are genuinely curious in terms of what works and why; from a funders point of these are exciting. The cycle of improvement, based on evidence, is what we are investing in also.”
Alison went on to describe how ACRE is helping developing economies shift the paradigm from aid to trade.
“Our involvement in ACRE is based on facilitating changes in sectors we believe are key to alleviating poverty. Businesses are catalytic within that.”
Discussions then went on to look at the kind of impact ACRE has on the ground. With Dr Haroon expressing a perspective from Sudan:
“We have suffered from a series of conflicts. Our most vulnerable people include women. I know from personal experience that they benefit hugely from a pipeline that is able to encompass the kind of labour we use in Agriproduce. The working capital ACRE is helping us raise, makes it easier for us to create the right processes and environment to buy more directly from the local producers.”
Discussions were wide-ranging and, appropriately, for a launch taking place on International Women’s Day, included the importance of investing in women-owned SMEs in developing countries as a tool for increasing employment and empowerment for women.
Questions about patient capital and the kind of long term impact that could be seen on the ground were expertly addressed. However, what shone out for me was a theme that kept recurring – a core functionality of ACRE being around supporting a learning culture in terms of what works in impact investment.
The principle behind ACRE is simple; investors are looking for companies to invest in, NGOs are experts in trying to solve problems on the ground. If money is to reach the right people in the right way NGOs are a very sensible starting point.ACRE launch Nicolas Colloff
The last word from Nicolas was a very powerful one:
“What people are really looking for is employment, not just a job. They want to participate in a formal economy. I believe ACRE is able to support this. By tackling the missing middle of investment, it helps enterprises transition into formal SME status, which in turn leverages growth. We are looking for a transition point, one that is key if we are to build sustainable, inclusive economies.
That point is based on linking human dignity to economic need.”
ACRE enterprises are drawn from the existing NGO partner footprint which spans 45 countries globally. ACRE is keen to hear from donors and investors who would like to contribute to – and learn from- the new kind of impact investment process ACRE represents. To find out more visit the ACRE site.
http://www.iraq-businessnews.c.....-for-iraq/
According to a parliamentary source told {Euphrates News} Today, that "al-Jubouri announced during today's meeting, the Secretary-General of the United Nations Ban Ki-moon and World Bank President Jim Yong Kim, will settle two guests in Parliament; to review the economic crisis and to find appropriate solutions" .. follow
http://ift.tt/21wTqy3
************
Walkingstick: Is it time to Invest in Iraqi Bonds?
March 17, 2016 in Investment, Iraq Banking & Finance News
By John Lee.
Boutique investment bank Exotix Partners has issued a “buy” alert on Iraqi benchmark U.S.-dollar 2028 bonds on Tuesday, following a “sell” notice in September.
The company says:
“It seems that an extra level of country risk is being embedded in Iraq specifically, perhaps because the market views its debt as unsustainable. Having once traded at only a small discount to other commodity exporters, the 2028s are now over 200 basis points wide of our basket.”
The bonds were trading at a cash price of 66.57 cents to the dollar (12.55 percent yield) on Tuesday, compares with an average yield of 8.98 percent for other oil-exporting sovereigns in Exotix’s universe, according to a report from CNBC.
They reached an all-time low in December 2008 of around 42 cents to the dollar, and made a partial recovery from a recent low of roughly 59 cents in mid-January 2016.
Exotix sees “fair value” close to 75 cents with a yield of 10.6 percent.
http://www.iraq-businessnews.c.....aqi-bonds/
************
Walkingstick: A new generation of Impact Investment, an opportunity for Iraq?
March 17, 2016 in Construction & Engineering In Iraq
By Madeleine White, capacity building specialist and co-founder of Nina-Iraq Magazine, Director of Impact, Challenges.
On International Women’s Day last year I was in Kurdistan, addressing an audience of hundreds of men and women looking to celebrate the strides women had made in both Kurdistan and Iraq as a whole. This year I spent the day in the City of London and then flew across to Munich to take part in a conference that looked at the role corporations have to play in supporting growth in emerging economies, both with investment and supply chain support.
In an increasingly fraught investment and economic climate, determined by the low price of oil, I wanted to share a model I believe represents real hope in terms of building stability. Although the ACRE model outlined below, doesn’t currently include Iraq (although it could include Iraqi investment- see below!), it is in Palestine and Afghanistan and is looking to grow. By building awareness for what can be done and how NGOs and investors are coming together to look at development in a new way, I am hoping that around International Women’s Day 2016 in Iraq, a new candle of opportunity can be lit.
Over 150 guests from investment, foundation and corporate backgrounds joined the launch of ACRE (Access to Capital for Rural Enterprises), on 8th March, International Women’s Day, in the City of London.
Panellists included Argidius investor Nicolas Colloff; Martin Rich, Sales Director of Social Finance Ltd and Practical Action’s Alison Griffiths – senior policy and practice advisor. Challenges Worldwide youth return volunteer Ellinor Jensrud and Sudanese business man Dr Mohammed Haroon completed the expert perspective on offer. Moderated by Challenges Worldwide CEO Eoghan Mackie, the need for NGO involvement in the impact investment capacity building pipeline was conclusively illustrated.
ACRE investor Martin Rich explained how support at bottom of the pyramid (BoP) level, was virtually non-existent. He went on to share the importance of this lack, as this grass roots level support was badly needed to build the pipeline into SME and export in emerging economies. He felt that it was this ‘stepping stones’ process (in terms of recognising and then building upon opportunity), that ACRE was supporting.
Nicolas Colloff added to this investor perspective;
“Argidius is looking to support programmes that are genuinely curious in terms of what works and why; from a funders point of these are exciting. The cycle of improvement, based on evidence, is what we are investing in also.”
Alison went on to describe how ACRE is helping developing economies shift the paradigm from aid to trade.
“Our involvement in ACRE is based on facilitating changes in sectors we believe are key to alleviating poverty. Businesses are catalytic within that.”
Discussions then went on to look at the kind of impact ACRE has on the ground. With Dr Haroon expressing a perspective from Sudan:
“We have suffered from a series of conflicts. Our most vulnerable people include women. I know from personal experience that they benefit hugely from a pipeline that is able to encompass the kind of labour we use in Agriproduce. The working capital ACRE is helping us raise, makes it easier for us to create the right processes and environment to buy more directly from the local producers.”
Discussions were wide-ranging and, appropriately, for a launch taking place on International Women’s Day, included the importance of investing in women-owned SMEs in developing countries as a tool for increasing employment and empowerment for women.
Questions about patient capital and the kind of long term impact that could be seen on the ground were expertly addressed. However, what shone out for me was a theme that kept recurring – a core functionality of ACRE being around supporting a learning culture in terms of what works in impact investment.
The principle behind ACRE is simple; investors are looking for companies to invest in, NGOs are experts in trying to solve problems on the ground. If money is to reach the right people in the right way NGOs are a very sensible starting point.ACRE launch Nicolas Colloff
The last word from Nicolas was a very powerful one:
“What people are really looking for is employment, not just a job. They want to participate in a formal economy. I believe ACRE is able to support this. By tackling the missing middle of investment, it helps enterprises transition into formal SME status, which in turn leverages growth. We are looking for a transition point, one that is key if we are to build sustainable, inclusive economies.
That point is based on linking human dignity to economic need.”
ACRE enterprises are drawn from the existing NGO partner footprint which spans 45 countries globally. ACRE is keen to hear from donors and investors who would like to contribute to – and learn from- the new kind of impact investment process ACRE represents. To find out more visit the ACRE site.
http://www.iraq-businessnews.c.....-for-iraq/
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