Post From BondLadys Corner
BondLady / Shredd & Tlm724 News & Comments 5-20-16 Part 2 of 2
Bondlady is the dinar floating??? 5/18, it was 1107.1000,yesterday it was 1181.5000 today its 1181.0000. which back in the day before the programed rate began this was what it looked like when it floated,
its a possibility I think that it could have began, and again this rate change no matter how small, was also , today...we will cont to monitor this and keep yall updated...BL
RCS1947 interesting for sure!...thanks BondLady!
Shredd Not from what I see.
http://ift.tt/1NdzInr
http://ift.tt/1hrY6ON
[Shredd] setting the rate for transactions can be confusing
~~~
BondLady / Shredd & Tlm724 News & Comments 5-20-16 Part 2 of 2
Bondlady is the dinar floating??? 5/18, it was 1107.1000,yesterday it was 1181.5000 today its 1181.0000. which back in the day before the programed rate began this was what it looked like when it floated,
its a possibility I think that it could have began, and again this rate change no matter how small, was also , today...we will cont to monitor this and keep yall updated...BL
RCS1947 interesting for sure!...thanks BondLady!
Shredd Not from what I see.
http://ift.tt/1NdzInr
http://ift.tt/1hrY6ON
[Shredd] setting the rate for transactions can be confusing
~~~
[Shredd] for example, when I was managing 100 Million + investments...
[Shredd] and we needed to set an exchange rate for trades, we would use xe.com
[Shredd] you can see the rate there is different from what the cbi states in their auction from yesterday
[Shredd] stated rate versus fair market value
[Shredd] what are people willing to pay, what price
[Shredd] let's say all of the currency dealers in the US ran out of Dinar
[Shredd] for anyone desperately wanting Dinar, they'd pay be a hefty premium for mine if I were to sell it to them
[Shredd] I've chatted about this scenario over the years but once we see dramatic moves in the dinar, the demand stateside will go bonkers
[Shredd] and in a short time, our local supply will dry up
[Shredd] the rate the banks may pay (less spread) may be substantially less than your neighbor would pay
[Shredd] not that they'd have that kind of cash laying around
[Shredd] you can see on the xe.com site the dinar rate they have used has not moved all year
http://ift.tt/1U5CCd9
~~~~~~~~~~~
Urgent .. Iraq gets a financial certificate enables him to deal with international banks with high confidence
History of edits:: 05/19/2016 {BAGHDAD: Iraq's Euphrates News} got a financial certification by the IMF gives him a chance to deal with all international banks with high confidence.
The International Monetary Fund, and international partners, the World Bank had agreed to give Iraq a loan of {15} billion dollars ..itba h ..
http://ift.tt/1qx1wKX
Bondlady got a financial certification by the IMF***** gives him a chance to**** deal with *****all***** international banks***** with high confidence:)
[tlm724] "Iraq gets a financial certificate enables him to deal with international banks with high confidence" thats gotta mean something good !!!!!!!!!!!!!
[Shredd] would like to learn more about this certification
[Shredd] it could be huge
[Shredd] I wish they'd name it
[tlm724] think you can find out ?
[tlm724] lemme check something brb
[Shredd] I first thought letter of credit but this states plural int'l banks
[Shredd] so for all int'l banks to now be able to deal with "Iraq" or it's referring to ally central banks and World Bank
[tlm724] Shredd found it !!
Urgent ready credit gives Iraq a loan of $ 15 billion securities certificate to deal with international banks History of edits:: 05/19/2016 17:25 • 95 visits [Wayne - Baghdad] to grant the International Monetary Fund and World Bank Iraq, according to the agreement to prepare the credit loan of $ 15 billion, in addition to a financial certification by the IMF gives him a chance to deal with all international banks with high confidence follows ..
[tlm724] http://ift.tt/1U5CpGD
[tlm724] ^^^ 6th post
[Shredd] right, we'll have to watch what they allocate these funds for
[Shredd] "high confidence" is another good sign
[tlm724] do we know what a securities cert is ?
[tlm724] I know a security is a tradable financial asset
[Shredd] (sry, on a project meeting call now....)
[tlm724] ok
[tlm724] well whatever it is, it is international which is awesome Wink we'll do some research and follow up
http://ift.tt/1Xo63wr
~~~~~~~~~~~~~~
Abadi calls on World Bank to support the private sector in Iraq
Tomorrow Press / Baghdad : Called on Prime Minister Haider al - Abadi, on Thursday, the World Bank to support the private sector in the country, and attention to projects the province of Basra .
According to a statement issued by the Information Office of Ebadi received " Tomorrow Press " , the latter received in his office today Executive Director of the World Bank for Iraq Mirza Hassan and his accompanying delegation .
The statement added that " During the meeting , they discussed cooperation between Iraq and the World Bank and the projects implemented by the bank in Iraq and his plans and projects for the next stage ."
The statement quoted Mirza Hassan as saying that " Iraq 's stability is important and we have a new strategy to increase cooperation with Iraq and support and soft loans of the private sector " , displaying their full support for the reforms carried out by al - Abadi and Iraq if it continues with this approach , it will surpass the crisis and evolve a lot .
Hassan added that the bank is considering increasing investment projects in electricity, water and other types of energy sectors . LINK
[tlm724] Prime Minister Haider al - Abadi, on Thursday, the World Bank to support the private sector in the country
[tlm724] just hand all the reins over Abadi ! Let them take it and run with it
[tlm724] , they discussed cooperation between Iraq and the World Bank and the projects implemented by the bank in Iraq and his plans and projects for the next stage
[tlm724] the projects implemented by the bank in Iraq
[tlm724] yeah Very Happy
[Shredd] and we needed to set an exchange rate for trades, we would use xe.com
[Shredd] you can see the rate there is different from what the cbi states in their auction from yesterday
[Shredd] stated rate versus fair market value
[Shredd] what are people willing to pay, what price
[Shredd] let's say all of the currency dealers in the US ran out of Dinar
[Shredd] for anyone desperately wanting Dinar, they'd pay be a hefty premium for mine if I were to sell it to them
[Shredd] I've chatted about this scenario over the years but once we see dramatic moves in the dinar, the demand stateside will go bonkers
[Shredd] and in a short time, our local supply will dry up
[Shredd] the rate the banks may pay (less spread) may be substantially less than your neighbor would pay
[Shredd] not that they'd have that kind of cash laying around
[Shredd] you can see on the xe.com site the dinar rate they have used has not moved all year
http://ift.tt/1U5CCd9
~~~~~~~~~~~
Urgent .. Iraq gets a financial certificate enables him to deal with international banks with high confidence
History of edits:: 05/19/2016 {BAGHDAD: Iraq's Euphrates News} got a financial certification by the IMF gives him a chance to deal with all international banks with high confidence.
The International Monetary Fund, and international partners, the World Bank had agreed to give Iraq a loan of {15} billion dollars ..itba h ..
http://ift.tt/1qx1wKX
Bondlady got a financial certification by the IMF***** gives him a chance to**** deal with *****all***** international banks***** with high confidence:)
[tlm724] "Iraq gets a financial certificate enables him to deal with international banks with high confidence" thats gotta mean something good !!!!!!!!!!!!!
[Shredd] would like to learn more about this certification
[Shredd] it could be huge
[Shredd] I wish they'd name it
[tlm724] think you can find out ?
[tlm724] lemme check something brb
[Shredd] I first thought letter of credit but this states plural int'l banks
[Shredd] so for all int'l banks to now be able to deal with "Iraq" or it's referring to ally central banks and World Bank
[tlm724] Shredd found it !!
Urgent ready credit gives Iraq a loan of $ 15 billion securities certificate to deal with international banks History of edits:: 05/19/2016 17:25 • 95 visits [Wayne - Baghdad] to grant the International Monetary Fund and World Bank Iraq, according to the agreement to prepare the credit loan of $ 15 billion, in addition to a financial certification by the IMF gives him a chance to deal with all international banks with high confidence follows ..
[tlm724] http://ift.tt/1U5CpGD
[tlm724] ^^^ 6th post
[Shredd] right, we'll have to watch what they allocate these funds for
[Shredd] "high confidence" is another good sign
[tlm724] do we know what a securities cert is ?
[tlm724] I know a security is a tradable financial asset
[Shredd] (sry, on a project meeting call now....)
[tlm724] ok
[tlm724] well whatever it is, it is international which is awesome Wink we'll do some research and follow up
http://ift.tt/1Xo63wr
~~~~~~~~~~~~~~
Abadi calls on World Bank to support the private sector in Iraq
Tomorrow Press / Baghdad : Called on Prime Minister Haider al - Abadi, on Thursday, the World Bank to support the private sector in the country, and attention to projects the province of Basra .
According to a statement issued by the Information Office of Ebadi received " Tomorrow Press " , the latter received in his office today Executive Director of the World Bank for Iraq Mirza Hassan and his accompanying delegation .
The statement added that " During the meeting , they discussed cooperation between Iraq and the World Bank and the projects implemented by the bank in Iraq and his plans and projects for the next stage ."
The statement quoted Mirza Hassan as saying that " Iraq 's stability is important and we have a new strategy to increase cooperation with Iraq and support and soft loans of the private sector " , displaying their full support for the reforms carried out by al - Abadi and Iraq if it continues with this approach , it will surpass the crisis and evolve a lot .
Hassan added that the bank is considering increasing investment projects in electricity, water and other types of energy sectors . LINK
[tlm724] Prime Minister Haider al - Abadi, on Thursday, the World Bank to support the private sector in the country
[tlm724] just hand all the reins over Abadi ! Let them take it and run with it
[tlm724] , they discussed cooperation between Iraq and the World Bank and the projects implemented by the bank in Iraq and his plans and projects for the next stage
[tlm724] the projects implemented by the bank in Iraq
[tlm724] yeah Very Happy
The statement quoted Mirza Hassan as saying that " Iraq 's stability is important and we have a new strategy to increase cooperation with Iraq and support and soft loans of the private sector " , displaying their full support for the reforms carried out by al - Abadi and Iraq if it continues with this approach , it will surpass the crisis and evolve a lot . Hassan added that the bank is considering increasing investment projects in electricity, water and other types of energy sectors
[tlm724] remember one of the requirements set by the IMF was private sector development
[tlm724] that " Iraq 's stability is important and we have a new strategy to increase cooperation with Iraq and support and soft loans of the private sector " ,
[tlm724] so between now and the end of July, if not sooner we should see a huge shift in how the economy functions, we might even see it running like a well oiled machine AND when we do we should see the stability needed to push the currency reform forward IMO
[cstacy] thanks
[tlm724] let me link you to the IMF statement about the SBA and the timeline they have given Iraq. Basically they agreed to loan Iraq the money BUT not until August, giving Iraq June and July to set the economic policy straight
[tlm724] IMF Mission Reaches Staff-Level Agreement on Financial Assistance under Three-Year Stand-By Arrangement with Iraq Press Release No. 16/231 May 19, 2016
http://ift.tt/1Xo6rL9
[tlm724] the best part Wink the Iraqi authorities and IMF staff have agreed on a three-year program of economic and financial policies that will bring spending in line with the lower level of oil prices and ensure debt sustainability.
The program also includes measures to protect the poor, strengthen public financial management, enhance financial sector stability, and curb corruption. The Iraqi authorities deserve the support of the international community in the implementation of these policies. “The IMF Board could consider the three-year SBA once agreed prior actions have been implemented, in June or July.
[tlm724] so we have the IMF overseeing the economic state of affairs and the World Bank overseeing development, ya gotta love a plan when it comes together !!
[tlm724] and Iraq NEEDS this money, have no doubt, which is a huge kick in the azz to get them moving Wink
http://ift.tt/1U5ChXJ
[tlm724] remember one of the requirements set by the IMF was private sector development
[tlm724] that " Iraq 's stability is important and we have a new strategy to increase cooperation with Iraq and support and soft loans of the private sector " ,
[tlm724] so between now and the end of July, if not sooner we should see a huge shift in how the economy functions, we might even see it running like a well oiled machine AND when we do we should see the stability needed to push the currency reform forward IMO
[cstacy] thanks
[tlm724] let me link you to the IMF statement about the SBA and the timeline they have given Iraq. Basically they agreed to loan Iraq the money BUT not until August, giving Iraq June and July to set the economic policy straight
[tlm724] IMF Mission Reaches Staff-Level Agreement on Financial Assistance under Three-Year Stand-By Arrangement with Iraq Press Release No. 16/231 May 19, 2016
http://ift.tt/1Xo6rL9
[tlm724] the best part Wink the Iraqi authorities and IMF staff have agreed on a three-year program of economic and financial policies that will bring spending in line with the lower level of oil prices and ensure debt sustainability.
The program also includes measures to protect the poor, strengthen public financial management, enhance financial sector stability, and curb corruption. The Iraqi authorities deserve the support of the international community in the implementation of these policies. “The IMF Board could consider the three-year SBA once agreed prior actions have been implemented, in June or July.
[tlm724] so we have the IMF overseeing the economic state of affairs and the World Bank overseeing development, ya gotta love a plan when it comes together !!
[tlm724] and Iraq NEEDS this money, have no doubt, which is a huge kick in the azz to get them moving Wink
http://ift.tt/1U5ChXJ
via Dinar Recaps - Our Blog http://ift.tt/1Xo6qqz
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