KTFA:
Aggiedad77: I'm of the opinion that maybe they are finally being somewhat realistic with their goals for the budget...(see article below) ...
Even at $32/barrel for oil, the Brent benchmark price would need to maintain something at least at $40/barrel for Iraq to consistently hit $32/barrel......and with this cut in their oil budget....where else are they intending to cut.....this is downsizing their revenue expectations......
If they do nothing else then the deficit floats up accordingly......give and take......good start....but keep up the good work.....follow through is what it is all about.....get those technocrats on board who are sharp cookies and turn them loose with their ideas.....
Wonder what will happen then. Aloha Randy
....
Aggiedad77: I'm of the opinion that maybe they are finally being somewhat realistic with their goals for the budget...(see article below) ...
Even at $32/barrel for oil, the Brent benchmark price would need to maintain something at least at $40/barrel for Iraq to consistently hit $32/barrel......and with this cut in their oil budget....where else are they intending to cut.....this is downsizing their revenue expectations......
If they do nothing else then the deficit floats up accordingly......give and take......good start....but keep up the good work.....follow through is what it is all about.....get those technocrats on board who are sharp cookies and turn them loose with their ideas.....
Wonder what will happen then. Aloha Randy
....
Walkingstick: Iraq to cut the price of oil in the budget of 2016 to $ 32 instead of 45
07/04/2016
The International Monetary Fund and the senior government official, said Thursday that Iraq intends to reduce the price of oil is expected in the 2016 budget to around $ 32 a barrel from $ 45, which would increase the deficit by several billion dollars.
It quoted "Reuters", for Marwa Alencah, Resident Representative of the IMF mission to Iraq, saying that the new price estimate is based on the continuation of the low level of world oil prices in recent months.
And showed Alencah resident in Amman, "we might make it closer to $ 30 based on the climate of global futures prices since November."
It is expected that the amendment increases the country's budget deficit OPEC member about six billion dollars in the case of failure to take compensatory measures, according to the Iraqi official, who requested anonymity, "Reuters," in order to talk about the ongoing intergovernmental consultations.
The current budget expects oil exports of 3.6 million barrels per day and a deficit of 24 trillion Iraqi dinars (20.56 billion dollars).
The decline in oil prices over the last two years, the financial situation of Baghdad that fights to organize Daash in the north, west and facing a political crisis that threatens to topple the government has been devastated.
The Iraqi official said late on Wednesday, said that Iraq, which relies on oil for more than 90 percent of its revenues and sells for less than the global measurement ore prices had made an average of $ 24 a barrel in the first two months of the year and $ 28 in March.
And "re-build the budget, taking this into account."
The official added that the revised budget is not final yet are part of Iraq's negotiations for a loan under the demand of the International Monetary Fund.
The funding gets approved by June, which would allow international aid worth $ 15 billion for the next three years.
She Alencah "in the case to reach a loan agreement under the demand Vsasd Monetary Fund and other donors, part of the financing gap but it will not fill the entire gap, and should be a number of actions from the government itself comes to increase revenue and control spending on the basis of the new reality of revenue. Should blend between the two." .
He declined to Iraq responsible for the actions they would take Baghdad to reduce the deficit, but said "it is inevitable. Otherwise we will be forced to borrow increasingly."
http://ift.tt/22iAXFR
*************
Kerry: Abadi select a timetable for the liberalization of Mosul and a few days Daash
08/04/2016
Kerry: Abadi select a timetable for the liberalization of Mosul and a few days Daash
http://ift.tt/22iAXW7
Mountainman: Thank You WS........A New REALITY.....Is MERGING at Many {CROSSROADS}.....IMO
(8)=New Beginnings
***************
Doodlebug: Three major British banks are planning to close 400 branches
07/04/2016
The International Monetary Fund and the senior government official, said Thursday that Iraq intends to reduce the price of oil is expected in the 2016 budget to around $ 32 a barrel from $ 45, which would increase the deficit by several billion dollars.
It quoted "Reuters", for Marwa Alencah, Resident Representative of the IMF mission to Iraq, saying that the new price estimate is based on the continuation of the low level of world oil prices in recent months.
And showed Alencah resident in Amman, "we might make it closer to $ 30 based on the climate of global futures prices since November."
It is expected that the amendment increases the country's budget deficit OPEC member about six billion dollars in the case of failure to take compensatory measures, according to the Iraqi official, who requested anonymity, "Reuters," in order to talk about the ongoing intergovernmental consultations.
The current budget expects oil exports of 3.6 million barrels per day and a deficit of 24 trillion Iraqi dinars (20.56 billion dollars).
The decline in oil prices over the last two years, the financial situation of Baghdad that fights to organize Daash in the north, west and facing a political crisis that threatens to topple the government has been devastated.
The Iraqi official said late on Wednesday, said that Iraq, which relies on oil for more than 90 percent of its revenues and sells for less than the global measurement ore prices had made an average of $ 24 a barrel in the first two months of the year and $ 28 in March.
And "re-build the budget, taking this into account."
The official added that the revised budget is not final yet are part of Iraq's negotiations for a loan under the demand of the International Monetary Fund.
The funding gets approved by June, which would allow international aid worth $ 15 billion for the next three years.
She Alencah "in the case to reach a loan agreement under the demand Vsasd Monetary Fund and other donors, part of the financing gap but it will not fill the entire gap, and should be a number of actions from the government itself comes to increase revenue and control spending on the basis of the new reality of revenue. Should blend between the two." .
He declined to Iraq responsible for the actions they would take Baghdad to reduce the deficit, but said "it is inevitable. Otherwise we will be forced to borrow increasingly."
http://ift.tt/22iAXFR
*************
Kerry: Abadi select a timetable for the liberalization of Mosul and a few days Daash
08/04/2016
Kerry: Abadi select a timetable for the liberalization of Mosul and a few days Daash
http://ift.tt/22iAXW7
Mountainman: Thank You WS........A New REALITY.....Is MERGING at Many {CROSSROADS}.....IMO
(8)=New Beginnings
***************
Doodlebug: Three major British banks are planning to close 400 branches
Economy News / Continue - Informed sources said that three of Britain 's biggest banks, plans to close about 400 branches this year because of the low number of visitors customers with a preference for conducting banking transactions over the Internet or mobile phone.
The sources added that the number of branches operated by the major banking groups in the United Kingdom fell by half in the past twenty years. The sources said that the bank (HSBC) has closed the largest number predicted close about 200 branches with. This represents about one-fifth of the bank's branches in the United Kingdom and to increase by a third the number of branches, which was closed down last year.
The sources added that the bank Royal Bank of Scotland and Barclays also planning to close about 100 branches each. The three banks in separate statements said it cut its branches nets with a decline in the number of customers visiting the branches. He said Bank (HSBC) The number of customers visiting the branches in Britain fell about 40 percent in the past four years and that more than 90 percent of customers are trading with the bank over the phone or the Internet.
LINK
BACKDOC: THIS LOOKS LIKE A DEFENSIVE MOVE AHEAD OF THE BREXIT VOTE!
GREAT ARTICLE! DOC IMO
************
Dnari131: HMM INTERESTING DB..THIS SEEMS LIKE A GOOD SPOT TO PLACE THIS AGAIN
UPDATE – China plans to launch yuan-denominated gold fix on April 19 – sources
Posted on February 25, 2016 by Meimei Qin
(Updated to include background on banks that may participate in the yuan-denominated fixing)
London 25/02/2016 – China plans to launch its new yuan-denominated gold pricing fix on April 19 this year, sources familiar with the matter said on Thursday.
The launch date has been officially settled and draft trading rules have been sent out to those banks that will be involved in the Shanghai fixing, FastMarkets understands.
The banks that will participate in the planned launch are predominently Chinese but FastMarkets understands that foreign banks could also be involved, according to sources.
It is likely that the 10 banks that are official market makers in the system set up by the SGE in January to facilitate interbank gold trading will participate in the yuan-denominated fixing, one source said.
Most Chinese banks in the list of ‘official’ market makers probably will be involved in the fix, the source noted, alongside one foreign bank.
The 10 ‘official’ market makers are ICBC, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, China CITIC Bank, China Merchants Bank, Industrial Bank Co, Bank of Ningbo and ANZ (China).
The SGE is looking to bring more foreign banks on broad, a well-informed source said.
The new benchmark will be run through the state-owned Shanghai Gold Exchange (SGE), the world’s largest physical gold exchange.
The SGE declined to comment.
- See more at: http://ift.tt/1VF1Kvy
Mountainman: Hey Dnari.......Sup.......Save some of that POPCORN for Me too.....PLEASE......It's POPPIN {ALL} around The MARKETS.......and Then PRESTO,BANGO......Here We Will SEE A NEW REALITY.......
*************
Don961:n Keeping the heat on !!!! ..... GOI be like ... " we better do what they say !!! "
Walkingstick: Demonstrations in Baghdad and seven provinces gathered to demand reforms and the fight against corruption
Friday April 8, 2016
capital , Baghdad, seven Iraqi provinces, on Friday, popular demonstrations rallies to demand reforms and the fight against financial and administrative corruption.
He said reporters Alsumaria News, said that the capital Baghdad, seven Iraqi provinces ofBasra and Maysan , Dhi Qar and Wasit , Karbala, Babil and Diwaniya saw today, popular demonstrations simultaneously to demand reforms and the need to speed up its implementation and the fight against financial and administrative corruption.
They added that the security forces tightened their procedures near the places of demonstrations and cut some roads and streets leading to it. It is noteworthy that theIraqi provinces of Baghdad and several witness every Friday mass popular demonstrations demanding reforms and the fight against corruption and improve services.
http://ift.tt/1VF1LzR
The sources added that the number of branches operated by the major banking groups in the United Kingdom fell by half in the past twenty years. The sources said that the bank (HSBC) has closed the largest number predicted close about 200 branches with. This represents about one-fifth of the bank's branches in the United Kingdom and to increase by a third the number of branches, which was closed down last year.
The sources added that the bank Royal Bank of Scotland and Barclays also planning to close about 100 branches each. The three banks in separate statements said it cut its branches nets with a decline in the number of customers visiting the branches. He said Bank (HSBC) The number of customers visiting the branches in Britain fell about 40 percent in the past four years and that more than 90 percent of customers are trading with the bank over the phone or the Internet.
LINK
BACKDOC: THIS LOOKS LIKE A DEFENSIVE MOVE AHEAD OF THE BREXIT VOTE!
GREAT ARTICLE! DOC IMO
************
Dnari131: HMM INTERESTING DB..THIS SEEMS LIKE A GOOD SPOT TO PLACE THIS AGAIN
UPDATE – China plans to launch yuan-denominated gold fix on April 19 – sources
Posted on February 25, 2016 by Meimei Qin
(Updated to include background on banks that may participate in the yuan-denominated fixing)
London 25/02/2016 – China plans to launch its new yuan-denominated gold pricing fix on April 19 this year, sources familiar with the matter said on Thursday.
The launch date has been officially settled and draft trading rules have been sent out to those banks that will be involved in the Shanghai fixing, FastMarkets understands.
The banks that will participate in the planned launch are predominently Chinese but FastMarkets understands that foreign banks could also be involved, according to sources.
It is likely that the 10 banks that are official market makers in the system set up by the SGE in January to facilitate interbank gold trading will participate in the yuan-denominated fixing, one source said.
Most Chinese banks in the list of ‘official’ market makers probably will be involved in the fix, the source noted, alongside one foreign bank.
The 10 ‘official’ market makers are ICBC, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, China CITIC Bank, China Merchants Bank, Industrial Bank Co, Bank of Ningbo and ANZ (China).
The SGE is looking to bring more foreign banks on broad, a well-informed source said.
The new benchmark will be run through the state-owned Shanghai Gold Exchange (SGE), the world’s largest physical gold exchange.
The SGE declined to comment.
- See more at: http://ift.tt/1VF1Kvy
Mountainman: Hey Dnari.......Sup.......Save some of that POPCORN for Me too.....PLEASE......It's POPPIN {ALL} around The MARKETS.......and Then PRESTO,BANGO......Here We Will SEE A NEW REALITY.......
*************
Don961:n Keeping the heat on !!!! ..... GOI be like ... " we better do what they say !!! "
Walkingstick: Demonstrations in Baghdad and seven provinces gathered to demand reforms and the fight against corruption
Friday April 8, 2016
capital , Baghdad, seven Iraqi provinces, on Friday, popular demonstrations rallies to demand reforms and the fight against financial and administrative corruption.
He said reporters Alsumaria News, said that the capital Baghdad, seven Iraqi provinces ofBasra and Maysan , Dhi Qar and Wasit , Karbala, Babil and Diwaniya saw today, popular demonstrations simultaneously to demand reforms and the need to speed up its implementation and the fight against financial and administrative corruption.
They added that the security forces tightened their procedures near the places of demonstrations and cut some roads and streets leading to it. It is noteworthy that theIraqi provinces of Baghdad and several witness every Friday mass popular demonstrations demanding reforms and the fight against corruption and improve services.
http://ift.tt/1VF1LzR
WingIt:
Blackeyepea: Quick Update Good People! Don't be discouraged by what you perceive from some Intel providers. The highers are weighing down on some of us to zip it! Look for good stuff very shortly.
Remember guys and gals..Oceans 11 ending! I told you this weeks ago. It continues. (they just walk away quietly)
If ONE exchanged..WE ALL EXCHANGE!! TTYL!
Nothing has changed from I mentioned a couple days ago..LAST weekend should be your LAST weekend with money woes. TTYL..Let not your heart be troubled!
One final thing. YOU COULD NOT BE IN A BETTER SPOT! I MEAN THAT! YOUR REDEMPTION IS NIGH!
**********************************
TNT:
SassyD: First-quarter economy looks bleaker by the day --
http://ift.tt/22iAVNX
************************************
Dinar Updates:
firefly The IMF stated Iraq will enter the global markets by the 1st half of 2016! And the loans begin in june? I don't do dates but I'm VERY excited by FACTS!
*************************************
Millionday (REPOSTED) Article: "The US-MENA PSD (in accordance with the IMF- World Bank Spring meetings) New York - USA /NYFED 18 of April...Union of Arab Banks US-MENA Banking Dialogue Conference Hosted by the Federal Reserve Bank of New York, April 18th 2016"
WE HAD A REPORT THAT THE IMF IS URGING ALL EMERGING ECONOMIES TO GET REFORMS COMPLETE BY APRIL 14TH-15TH BEFORE THE WASHINGTON MEETING –
HOWEVER THERE ARE MORE THAN ONE WASHINGTON MEETING)... WHOOOPOW.
Blackeyepea: Quick Update Good People! Don't be discouraged by what you perceive from some Intel providers. The highers are weighing down on some of us to zip it! Look for good stuff very shortly.
Remember guys and gals..Oceans 11 ending! I told you this weeks ago. It continues. (they just walk away quietly)
If ONE exchanged..WE ALL EXCHANGE!! TTYL!
Nothing has changed from I mentioned a couple days ago..LAST weekend should be your LAST weekend with money woes. TTYL..Let not your heart be troubled!
One final thing. YOU COULD NOT BE IN A BETTER SPOT! I MEAN THAT! YOUR REDEMPTION IS NIGH!
**********************************
TNT:
SassyD: First-quarter economy looks bleaker by the day --
http://ift.tt/22iAVNX
************************************
Dinar Updates:
firefly The IMF stated Iraq will enter the global markets by the 1st half of 2016! And the loans begin in june? I don't do dates but I'm VERY excited by FACTS!
*************************************
Millionday (REPOSTED) Article: "The US-MENA PSD (in accordance with the IMF- World Bank Spring meetings) New York - USA /NYFED 18 of April...Union of Arab Banks US-MENA Banking Dialogue Conference Hosted by the Federal Reserve Bank of New York, April 18th 2016"
WE HAD A REPORT THAT THE IMF IS URGING ALL EMERGING ECONOMIES TO GET REFORMS COMPLETE BY APRIL 14TH-15TH BEFORE THE WASHINGTON MEETING –
HOWEVER THERE ARE MORE THAN ONE WASHINGTON MEETING)... WHOOOPOW.
via Dinar Recaps - Our Blog http://ift.tt/1VF1LzT
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