DINAR UPDATES 5-20-16
Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Friday PM Chat 5-20-16 Part 1 of 3
rcookie says():HERE IS A RECAP OF TODAYS NEWS... (FRIDAY)
rcookie says():FINANCIAL BANKING
rcookie says():SALEH REVEALS TERMS & CONDITIONS OF IMF SBA LOANS...$5.5 BILLION..1.5% PER ANNUM/5 YEARS WITH 2 YEAR GRACE PERIOD/PAYMENTS STARTING JUNE OR JULY..
AND COST CUTTING MEASURES TO 2016 BUDGET (13 TRILLON DINARS) WITHOUT PREJUDICE TO RATION CARD/SOCIAL WELFARE OR DISPLACED HUMANITARIAN HEALTH FUNDS...
AND INCLUDES CONTROL OF THE INTEGRITY COMMISSION & OFFICE OF FINANCIAL SUPERVISION SERVICES OF AML AND FINANCIAL TRANSACTIONS,
IN ADDITION TO SETTLEMENT OF OIL COMPANIES DUES...AND NEW DUES (CONTRACTS)...
AND INCLUDE SUBJECTING ENTIRE AMOUNT OF SALARIES AND BENEFITS OF SENIOR STAFF TO INCOME TAX...
AND THE EXCLUSION OF ARMED FORCES SALARIES FROM TAXATION...
Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Friday PM Chat 5-20-16 Part 1 of 3
rcookie says():HERE IS A RECAP OF TODAYS NEWS... (FRIDAY)
rcookie says():FINANCIAL BANKING
rcookie says():SALEH REVEALS TERMS & CONDITIONS OF IMF SBA LOANS...$5.5 BILLION..1.5% PER ANNUM/5 YEARS WITH 2 YEAR GRACE PERIOD/PAYMENTS STARTING JUNE OR JULY..
AND COST CUTTING MEASURES TO 2016 BUDGET (13 TRILLON DINARS) WITHOUT PREJUDICE TO RATION CARD/SOCIAL WELFARE OR DISPLACED HUMANITARIAN HEALTH FUNDS...
AND INCLUDES CONTROL OF THE INTEGRITY COMMISSION & OFFICE OF FINANCIAL SUPERVISION SERVICES OF AML AND FINANCIAL TRANSACTIONS,
IN ADDITION TO SETTLEMENT OF OIL COMPANIES DUES...AND NEW DUES (CONTRACTS)...
AND INCLUDE SUBJECTING ENTIRE AMOUNT OF SALARIES AND BENEFITS OF SENIOR STAFF TO INCOME TAX...
AND THE EXCLUSION OF ARMED FORCES SALARIES FROM TAXATION...
ZEBARI POINTS OUT THE $5.5 BILLION SBA LOAN WILL ALLOWADDITIONAL SECURING OF ADDITIONAL FINANCING ASSISTANCE OF OVER $15 BILLION FROM G7 OVER NEXT 3 YEARS...
ABADI MEETS WITH EXECUTIVE DIRECTOR WORLD BANK DR. HASSAN ANNOUNCES IMPORTANCE OF SUPPORTING PRIVATE SECTOR PROJECTS...
FITCH CONFIRMS IMF SBA LOAN TO IRAQ WILL OPEN DOOR FOR ADDITIONAL INTERNATIONAL SUPPORT AND POSSIBILITY OF ISSUING BONDS TO GLOBAL MARKETS AS WELL AS HAVE A POSITIVE EFFECT ON CREDIT RATING OF THE COUNTRY WHILE EXPECTING BUDGET DEFICIT TO RISE TO 15% IN 2016...
rcookie says():PARLIAMENT/GOV’T
MASUD CONCLUDES KURD METINGS AND RETURNS BAGHDAD UNDERSCORES IMPORTANCE OF RETURNING PARLIAMENT TO RESTORE ITS FUNCTIONS...
ABADI ORDERS ZUBEIDI BACK TO WORK AFTER RESCINDING RESIGNATION...
rcookie says to Holly1():THE IMF IS WARNING OF STRUCTURAL BANKRUPTCY FOR SAUDIS WITHIN 2-3 YEARS...
Dr Dave says):and thy are bleeding their fields dry....hence all the fracking
wmawhite says():I made this statement a couple of days ago: All of this activity shows me that Iraq is moving further and further along in the process of entering the economy markets ...and the effect of all of this activity will be a change in the status of the IQD as to how the world markets deal with the CBI and it's banks......
Holly1 says to rcookie():Abeche dollar on the Iraqi dinar Almohands Alemdar from the disposal of paper $ 100 Bachirvh accept Abu banking gives you a class thousand dinars ??
rcookie says to Holly1():WAXING POETICALLY ABOUT GOOD OLD COLLEGE DAYS AND THE FOOD FOR OIL PROGRAM PROS AND CONS...
Dr Dave says):Iraq is floating on the stuff
wmawhite says():And then.................!!!!!!! Yesterday, the IMF made this announcement about Iraq: Urgent .. Iraq gets a financial certificate enables him to deal with international banks with high confidence............
Holly1 says to rcookie():Almohands Alemdar
Not Muhi !! Henw Maku is a class ?? Abu five if ten if twenty-five
Dr Dave says():wonder what high confidence means
Holly1 says to rcookie():Abeche today Dollar Iraqi Dinar
Dear brother , this thing has become a fait accompli large transactions if Trouh disposal of 10 books of the reasonable category receive 5000 because the amount claimed Balonah !!
highly desirable categories and these simple differences are just large amounts
It means the amount of a thousand or two thousand dollars What we ask for the type of Category
I hope the idea and reached
Holly1 says to rcookie():Abeche today Dollar Iraqi Dinar
High and stable, better than the decline for a day or two
Holly1 says to rcookie():Nabil al-Mamouri Alsumaria News / Baghdad agreed the International Monetary Fund , World Bank and international partners, on Thursday, to give Iraq a loan of $ 15 billion.
According to state television in a flash he followed Alsumaria News, that "the International Monetary Fund, World Bank and international partners have agreed to give Iraq a loan of 15 billion dollars
wmawhite says():Fitch in a statement directly briefed on a copy of the agreement a firm offer of credit rating of the country.
wmawhite says():Rcookie just posted this!!!
wmawhite says():folks,......IMO, there has been a change in the status of Iraq within the international financial community....
wmawhite says():and why do I state this? Because all of these articles are talking about it...........it is here for you to see for yourselfs.
rcookie says():Fitch: Iraq's agreement with the IMF will enable it to issue an international bond
May 20, 2016 19:31 Direct: agency Fitch Ratings said Friday that Iraq has an agreement with the IMF will open the way to get more international support and the possibility of issuing bonds to global markets.
I followed Fitch in a statement directly briefed on a copy of the agreement a firm offer of credit rating of the country.
Iraq has signed an agreement with the IMF this week under which Baghdad could get aid worth $ 5.4 billion , it has a positive effect on the credit rating of the country.
Fitch predicted that Iraq's budget deficit in 2016 to rise to 15%.
http://ift.tt/1OEU9Y5
Holly1 says to rcookie():Zaher Obaed 1 hr Today Prime Minister legitimate met full quorum .oosdr the following resolution: announce today the end of the reign of thieves and Aldoaash and the end of the term political ..alamlah ..se renown
rcookie says):MORE DOOM & GLOOM....DONT FALL ON A KNIFE OR SOMETHING....
_firefly_ says():And how long will those loans last? _firefly_ says():And why now
wmawhite says():Direct: agency Fitch Ratings said Friday that Iraq has an agreement with the IMF will open the way to get more international support and the possibility of issuing bonds to global markets.
wmawhite says():issuing bonds to global markets.
wmawhite says():issuing bonds to global markets. wmawhite says():to global markets.
rcookie says():SO...ABADI HAD QUORUM...END OF ISIS REIGN..
wmawhite says():to global markets.
wmawhite says():Who is Fitch?
_firefly_ says to wmawhite():Correct, we knew or at least should have known that international bonds will follow the national bonds
rcookie says():AND HAVE POSITIVE EFFECT ON CREDIT RATING OF THE COUNTRY...
wmawhite says to _firefly_():Entering the markets.............now the bond markets.......
_firefly_ says to wmawhite():And give their economy a chance to blosom in 2017 !
_firefly_ says to wmawhite():IMO the international bonds would not be released unless success was attained with their national bonds
wmawhite says():Folks......this is Fitch talking about Iraq (CBI) entering the global bond market. And who is Fitch?
wmawhite says():Fitch Group is a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research;
Fitch Solutions, a leading provider of credit market data, analytical tools and risk services; BMI Research, an independent provider of country risk and industry analysis specializing in emerging and frontier markets; and
Fitch Learning, a preeminent training and professional development firm. With dual headquarters in London and New York, Fitch Group is majority owned by Hearst
rcookie says():ONE MORE TIME...JUST LIKE THE 2010 CUSTOMS TARIFFS EVERYONE QUESTIONED AND DOUBTED....THE $2 BILLION EUROBOND PROGRAM WAS NEVER AN OPTION...
IT WAS AND IS 100% EXECUTING...IT IS IN THE EXISTING 2016 BUDGET....AND IS NOW EVEN MORE CERTAIN THAN EVER BECAUSE THE BONDS HAVE BEEN GUARANTEED BY THE US GOV'T..........
wmawhite says to _firefly_():International bonds, IMO....are over the counter (public) market bonds.........
rcookie says():AND THE 2016 BUDGET IS 100% EXECUTABLE...WITH EXCEPTION!!
_firefly_ says to wmawhite():Correct
_firefly_ says to wmawhite():So something IMO convinced Fitch of the success of the international bonds and their positive effect
R&R says to wmawhite():The beauty of that statement IMO is that it's not the loan itself that opens the "possibility of issuing bonds to the global markets".... but the prerequsite TERMS that must be met which opens the door... Article 8 compliance.
wmawhite says to _firefly_():Exactly,............the fact that a couple of countries stepped forward to back them immediately made them desireable to a butch of bond buyers.
wmawhite says to R&R():Excellent point..........that makes you go .Hmmmm
_firefly_ says():We have been waiting to see these actions for years folks ... now everybody is looking for excuses why Iraq will fail? _firefly_ says():Unbelievable
wmawhite says to _firefly_():On those bonds.............having them backed by other countries makes them a sure thing...........6% to 8% on multiple millions is sweet.
_firefly_ says to wmawhite():HUGE !!!!!!
wmawhite says to _firefly_():IMO..........the gears on this thing are a turning...
dovi says to wmawhite():I lost my hat reading these
_firefly_ says to wmawhite():IMO .... they are spinning on steroids !
wmawhite says():a couple of days ago I posted this: ...and the effect of all of this activity will be a change in the status of the IQD as to how the world markets deal with the CBI and it's banks..............
wmawhite says():And then today we see: Yesterday, the IMF made this announcement about Iraq: Urgent .. Iraq gets a financial certificate enables him to deal with international banks with high confidence.........
cjquade54 says to wmawhite():news gets better and better thanks all
wmawhite says():all of this activity will be a change in the status of the IQD
dovi says to cjquade54():It does!
wmawhite says():Urgent .. Iraq gets a financial certificate enables him to deal with international banks with high confidence.........
dovi says to wmawhite():8-|
wmawhite says to cjquade54():yw..........but, the researchers are the ones that bring this.
rcookie says to wmawhite():GREAT POINTS MR WHITE AS PER USUAL!!!....
rcookie says to wmawhite():CAREFUL...SOME ARE ENJOYING THE SCHLEPROCK WOEFUL NEWS.
Holly1 says to rcookie():Executive Director of the World Bank for Ebadi: the stability of Iraq is important and we will increase the cooperation and support of the private sector
Published on: Today, 11:00 Prime Minister Haider al-Abadi, Executive Director of the World Bank for Iraq Dr. Mirza Hassan and his accompanying delegation.
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.
Holly1 says to rcookie():Abadi said the importance of supporting the private sector and the need to focus on projects the province of Basra.
In turn, said Mirza Hassan said Iraq's stability is important and we have a new strategy to increase cooperation with Iraq and support the private sector and soft loans, 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.
Mirza said that the bank is considering increasing investment projects in electricity, water and other types of energy sectors.
Holly1 says to rcookie():old news but this paper just put it out:D
rcookie says to cjquade54():HERES ANOTHER INVESTMENT EXHIBITION THIS WEEK.....
cjquade54 says to Holly1():"we have a new strategy to increase cooperation with Iraq and support the private sector" (y)
wmawhite says to Holly1():great news............more support for the private sector!!!!
wmawhite says():Folks........"the private sector"......do you understand what that means????
dovi says to wmawhite():no
dovi says to wmawhite():I do but not well
cjquade54 says to wmawhite():if we don't then I don't know what to say lol
dovi says to cjquade54()::$
cjquade54 says to dovi():entering world markets
ABADI MEETS WITH EXECUTIVE DIRECTOR WORLD BANK DR. HASSAN ANNOUNCES IMPORTANCE OF SUPPORTING PRIVATE SECTOR PROJECTS...
FITCH CONFIRMS IMF SBA LOAN TO IRAQ WILL OPEN DOOR FOR ADDITIONAL INTERNATIONAL SUPPORT AND POSSIBILITY OF ISSUING BONDS TO GLOBAL MARKETS AS WELL AS HAVE A POSITIVE EFFECT ON CREDIT RATING OF THE COUNTRY WHILE EXPECTING BUDGET DEFICIT TO RISE TO 15% IN 2016...
rcookie says():PARLIAMENT/GOV’T
MASUD CONCLUDES KURD METINGS AND RETURNS BAGHDAD UNDERSCORES IMPORTANCE OF RETURNING PARLIAMENT TO RESTORE ITS FUNCTIONS...
ABADI ORDERS ZUBEIDI BACK TO WORK AFTER RESCINDING RESIGNATION...
rcookie says to Holly1():THE IMF IS WARNING OF STRUCTURAL BANKRUPTCY FOR SAUDIS WITHIN 2-3 YEARS...
Dr Dave says):and thy are bleeding their fields dry....hence all the fracking
wmawhite says():I made this statement a couple of days ago: All of this activity shows me that Iraq is moving further and further along in the process of entering the economy markets ...and the effect of all of this activity will be a change in the status of the IQD as to how the world markets deal with the CBI and it's banks......
Holly1 says to rcookie():Abeche dollar on the Iraqi dinar Almohands Alemdar from the disposal of paper $ 100 Bachirvh accept Abu banking gives you a class thousand dinars ??
rcookie says to Holly1():WAXING POETICALLY ABOUT GOOD OLD COLLEGE DAYS AND THE FOOD FOR OIL PROGRAM PROS AND CONS...
Dr Dave says):Iraq is floating on the stuff
wmawhite says():And then.................!!!!!!! Yesterday, the IMF made this announcement about Iraq: Urgent .. Iraq gets a financial certificate enables him to deal with international banks with high confidence............
Holly1 says to rcookie():Almohands Alemdar
Not Muhi !! Henw Maku is a class ?? Abu five if ten if twenty-five
Dr Dave says():wonder what high confidence means
Holly1 says to rcookie():Abeche today Dollar Iraqi Dinar
Dear brother , this thing has become a fait accompli large transactions if Trouh disposal of 10 books of the reasonable category receive 5000 because the amount claimed Balonah !!
highly desirable categories and these simple differences are just large amounts
It means the amount of a thousand or two thousand dollars What we ask for the type of Category
I hope the idea and reached
Holly1 says to rcookie():Abeche today Dollar Iraqi Dinar
High and stable, better than the decline for a day or two
Holly1 says to rcookie():Nabil al-Mamouri Alsumaria News / Baghdad agreed the International Monetary Fund , World Bank and international partners, on Thursday, to give Iraq a loan of $ 15 billion.
According to state television in a flash he followed Alsumaria News, that "the International Monetary Fund, World Bank and international partners have agreed to give Iraq a loan of 15 billion dollars
wmawhite says():Fitch in a statement directly briefed on a copy of the agreement a firm offer of credit rating of the country.
wmawhite says():Rcookie just posted this!!!
wmawhite says():folks,......IMO, there has been a change in the status of Iraq within the international financial community....
wmawhite says():and why do I state this? Because all of these articles are talking about it...........it is here for you to see for yourselfs.
rcookie says():Fitch: Iraq's agreement with the IMF will enable it to issue an international bond
May 20, 2016 19:31 Direct: agency Fitch Ratings said Friday that Iraq has an agreement with the IMF will open the way to get more international support and the possibility of issuing bonds to global markets.
I followed Fitch in a statement directly briefed on a copy of the agreement a firm offer of credit rating of the country.
Iraq has signed an agreement with the IMF this week under which Baghdad could get aid worth $ 5.4 billion , it has a positive effect on the credit rating of the country.
Fitch predicted that Iraq's budget deficit in 2016 to rise to 15%.
http://ift.tt/1OEU9Y5
Holly1 says to rcookie():Zaher Obaed 1 hr Today Prime Minister legitimate met full quorum .oosdr the following resolution: announce today the end of the reign of thieves and Aldoaash and the end of the term political ..alamlah ..se renown
rcookie says):MORE DOOM & GLOOM....DONT FALL ON A KNIFE OR SOMETHING....
_firefly_ says():And how long will those loans last? _firefly_ says():And why now
wmawhite says():Direct: agency Fitch Ratings said Friday that Iraq has an agreement with the IMF will open the way to get more international support and the possibility of issuing bonds to global markets.
wmawhite says():issuing bonds to global markets.
wmawhite says():issuing bonds to global markets. wmawhite says():to global markets.
rcookie says():SO...ABADI HAD QUORUM...END OF ISIS REIGN..
wmawhite says():to global markets.
wmawhite says():Who is Fitch?
_firefly_ says to wmawhite():Correct, we knew or at least should have known that international bonds will follow the national bonds
rcookie says():AND HAVE POSITIVE EFFECT ON CREDIT RATING OF THE COUNTRY...
wmawhite says to _firefly_():Entering the markets.............now the bond markets.......
_firefly_ says to wmawhite():And give their economy a chance to blosom in 2017 !
_firefly_ says to wmawhite():IMO the international bonds would not be released unless success was attained with their national bonds
wmawhite says():Folks......this is Fitch talking about Iraq (CBI) entering the global bond market. And who is Fitch?
wmawhite says():Fitch Group is a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research;
Fitch Solutions, a leading provider of credit market data, analytical tools and risk services; BMI Research, an independent provider of country risk and industry analysis specializing in emerging and frontier markets; and
Fitch Learning, a preeminent training and professional development firm. With dual headquarters in London and New York, Fitch Group is majority owned by Hearst
rcookie says():ONE MORE TIME...JUST LIKE THE 2010 CUSTOMS TARIFFS EVERYONE QUESTIONED AND DOUBTED....THE $2 BILLION EUROBOND PROGRAM WAS NEVER AN OPTION...
IT WAS AND IS 100% EXECUTING...IT IS IN THE EXISTING 2016 BUDGET....AND IS NOW EVEN MORE CERTAIN THAN EVER BECAUSE THE BONDS HAVE BEEN GUARANTEED BY THE US GOV'T..........
wmawhite says to _firefly_():International bonds, IMO....are over the counter (public) market bonds.........
rcookie says():AND THE 2016 BUDGET IS 100% EXECUTABLE...WITH EXCEPTION!!
_firefly_ says to wmawhite():Correct
_firefly_ says to wmawhite():So something IMO convinced Fitch of the success of the international bonds and their positive effect
R&R says to wmawhite():The beauty of that statement IMO is that it's not the loan itself that opens the "possibility of issuing bonds to the global markets".... but the prerequsite TERMS that must be met which opens the door... Article 8 compliance.
wmawhite says to _firefly_():Exactly,............the fact that a couple of countries stepped forward to back them immediately made them desireable to a butch of bond buyers.
wmawhite says to R&R():Excellent point..........that makes you go .Hmmmm
_firefly_ says():We have been waiting to see these actions for years folks ... now everybody is looking for excuses why Iraq will fail? _firefly_ says():Unbelievable
wmawhite says to _firefly_():On those bonds.............having them backed by other countries makes them a sure thing...........6% to 8% on multiple millions is sweet.
_firefly_ says to wmawhite():HUGE !!!!!!
wmawhite says to _firefly_():IMO..........the gears on this thing are a turning...
dovi says to wmawhite():I lost my hat reading these
_firefly_ says to wmawhite():IMO .... they are spinning on steroids !
wmawhite says():a couple of days ago I posted this: ...and the effect of all of this activity will be a change in the status of the IQD as to how the world markets deal with the CBI and it's banks..............
wmawhite says():And then today we see: Yesterday, the IMF made this announcement about Iraq: Urgent .. Iraq gets a financial certificate enables him to deal with international banks with high confidence.........
cjquade54 says to wmawhite():news gets better and better thanks all
wmawhite says():all of this activity will be a change in the status of the IQD
dovi says to cjquade54():It does!
wmawhite says():Urgent .. Iraq gets a financial certificate enables him to deal with international banks with high confidence.........
dovi says to wmawhite():8-|
wmawhite says to cjquade54():yw..........but, the researchers are the ones that bring this.
rcookie says to wmawhite():GREAT POINTS MR WHITE AS PER USUAL!!!....
rcookie says to wmawhite():CAREFUL...SOME ARE ENJOYING THE SCHLEPROCK WOEFUL NEWS.
Holly1 says to rcookie():Executive Director of the World Bank for Ebadi: the stability of Iraq is important and we will increase the cooperation and support of the private sector
Published on: Today, 11:00 Prime Minister Haider al-Abadi, Executive Director of the World Bank for Iraq Dr. Mirza Hassan and his accompanying delegation.
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.
Holly1 says to rcookie():Abadi said the importance of supporting the private sector and the need to focus on projects the province of Basra.
In turn, said Mirza Hassan said Iraq's stability is important and we have a new strategy to increase cooperation with Iraq and support the private sector and soft loans, 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.
Mirza said that the bank is considering increasing investment projects in electricity, water and other types of energy sectors.
Holly1 says to rcookie():old news but this paper just put it out:D
rcookie says to cjquade54():HERES ANOTHER INVESTMENT EXHIBITION THIS WEEK.....
cjquade54 says to Holly1():"we have a new strategy to increase cooperation with Iraq and support the private sector" (y)
wmawhite says to Holly1():great news............more support for the private sector!!!!
wmawhite says():Folks........"the private sector"......do you understand what that means????
dovi says to wmawhite():no
dovi says to wmawhite():I do but not well
cjquade54 says to wmawhite():if we don't then I don't know what to say lol
dovi says to cjquade54()::$
cjquade54 says to dovi():entering world markets
wmawhite says():you are in your office in Iraq...you pick up the telephone and order 50 tons of rice from Vietnam to be paid for with your IQD account.
dovi says to cjquade54():Awesome
Hawk says():YESSSS
wmawhite says():The transaction is electronic...your IQD is converted into whatever currency your supplier wants it in.
jeffjane says to wmawhite():I'll take mine in USD
wmawhite says():That is not available to the private sector, partly because it does not exist, the other is because they are using the USD for all external transactions.
Hawk says():I'll have private sector for $4.20 Alex !
dovi says to Hawk()::D
_firefly_ says to bibi():Abadi grants bail to Iran for $ 700 million in debt owed by Iraq to purchase electricity
Thursday 19-05-2016 | 7:14:00 Twilight News / Ministry of Electricity announced on Thursday the approval of the Prime Minister Haider al-Abadi to grant bail to Iran for $ 700 million in debt owed by Iraq to purchase electricity from the first.
He agreed Abadi, during a meeting with Undersecretary of the Ministry of Electricity for production Ala Disher, for the Ministry of Electricity in Iran, the personal sponsorship of the debt owed by the amount of the Iraqi Ministry of Electricity to meet purchase electric power from the Iranian side for the past period, which amounted to approximately $ 700 million, according to a statement issued for the ministry.
The statement said al-Abadi face to speed up the rules and regulations to renew the contract with the Ministry of Electricity Iran after the Cabinet decision to this effect, and re-equip the Iraqi electricity system capacity of (1300 MW), four lines for power transmission high pressure stopped three months ago because of the accumulated debt and the non-renewal Contract.
And it crossed the Ministry of Electricity and expressed hope that Iran responds to restore electrical power to the urgent need for this amount of energy to provide in the face of rising temperatures and near the popular visit.
_firefly_ says():Interesting timing don't you think?
Soonergirlie says():hummm, already spending
dovi says to cjquade54():Awesome
Hawk says():YESSSS
wmawhite says():The transaction is electronic...your IQD is converted into whatever currency your supplier wants it in.
jeffjane says to wmawhite():I'll take mine in USD
wmawhite says():That is not available to the private sector, partly because it does not exist, the other is because they are using the USD for all external transactions.
Hawk says():I'll have private sector for $4.20 Alex !
dovi says to Hawk()::D
_firefly_ says to bibi():Abadi grants bail to Iran for $ 700 million in debt owed by Iraq to purchase electricity
Thursday 19-05-2016 | 7:14:00 Twilight News / Ministry of Electricity announced on Thursday the approval of the Prime Minister Haider al-Abadi to grant bail to Iran for $ 700 million in debt owed by Iraq to purchase electricity from the first.
He agreed Abadi, during a meeting with Undersecretary of the Ministry of Electricity for production Ala Disher, for the Ministry of Electricity in Iran, the personal sponsorship of the debt owed by the amount of the Iraqi Ministry of Electricity to meet purchase electric power from the Iranian side for the past period, which amounted to approximately $ 700 million, according to a statement issued for the ministry.
The statement said al-Abadi face to speed up the rules and regulations to renew the contract with the Ministry of Electricity Iran after the Cabinet decision to this effect, and re-equip the Iraqi electricity system capacity of (1300 MW), four lines for power transmission high pressure stopped three months ago because of the accumulated debt and the non-renewal Contract.
And it crossed the Ministry of Electricity and expressed hope that Iran responds to restore electrical power to the urgent need for this amount of energy to provide in the face of rising temperatures and near the popular visit.
_firefly_ says():Interesting timing don't you think?
Soonergirlie says():hummm, already spending
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