DINAR UPDATES 5-10-16
Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Tuesday AM Chat 5- 10-16 Part 2 of 2
larrykn says():Announcement No. (3195)
The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 10/5/2016 and the results were as follows:
Details Notes
Number of banks 26
Number of remittance companies 12
Auction price selling dinar / US$ 1182
Auction price buying dinar / US$ -----
Amount sold at auction price (US$) 98,756,000
Amount purchased at Auction price (US$) -----
Total offers for buying (US$) 98,756,000
Total offers for selling (US$) -----
R&R says to larrykn():"...to complete the past Prime Ministerial new lineup finish independent bodies and file agents and general managers..." (y)
~~~
Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Tuesday AM Chat 5- 10-16 Part 2 of 2
larrykn says():Announcement No. (3195)
The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 10/5/2016 and the results were as follows:
Details Notes
Number of banks 26
Number of remittance companies 12
Auction price selling dinar / US$ 1182
Auction price buying dinar / US$ -----
Amount sold at auction price (US$) 98,756,000
Amount purchased at Auction price (US$) -----
Total offers for buying (US$) 98,756,000
Total offers for selling (US$) -----
R&R says to larrykn():"...to complete the past Prime Ministerial new lineup finish independent bodies and file agents and general managers..." (y)
~~~
R&R says to larrykn():That should/could include the naming of the permanent Governor of the CBI... and if so, we await Parliament to reconvene and vote on the selection. We are now 10 days past Jubouri's deadline of April 30th for Abadi to submit names for the independent bodies, but better late than never
larrykn says to R&R():this group trying to stop the reforms as slowed this down IMO but it won't stop it, adibi is moving forward and will do anything to get this done. I think we are in a real good place right now
subgirl says to R&R():just reading the news this morning!! WOW! it's gonna be another WOW kind of day!!
R&R says to subgirl():Couldn't agree more. Lots of positive news today. CBI announcement about local bonds issued, Parliament committees are back with Peshmerga protection (no media allowed in), CoM held its regular and it appears Abadi has completed ALL selections (agency and ministerial) to go to Parliament, and more today...
da58 says to subgirl():yep - appears no Parliment, nor voting.. cabinet meetings, etc.. hopefully voting ministers when they meet
subgirl says to R&R():WOW! that is awesome!!! :) thank you for that!!! I am very excited about what is happening!!
Pablo says():So, where is Abadi going to go from here if Parliament refuses to meet?
subgirl says to da58():We will wait and see what transpires from this day!!! :) I think it will be a good day! :) It sounds like they are trying to make this work!!
rcookie says():Jubouri confirms a delegation of the protestors that the presidency of the Council of Representatives has not and will not stand deduced from exercising their role to question any government entity (Details)
R&R says to rcookie():GM rcookie. What do you think Jubouri is trying to say here? Who is he "directing" those comments to IYO?
R&R says to rcookie():Sounds like he's out for blood??
larrykn says to R&R():I get to wonder what will happen to the HCL if Adabi puts in proxies for the Kurds
Pablo says():He'll probably need to put in proxies for everyone since no one seems interested in coming to work.
Dinarian1 says():I love to watch engineers at work. Everything is so methodical... just takes soooo much time to get things done! Make it happen capin'.... Go Abadi go! Go Abadi Go! Git Er Done!!
rcookie says():FURTHER CLARIFYING POSITION TO PURSUE INVESTIGATING AND PROSECUTION OF ILLEGAL AND REPREHENSIBLE ACTIONS OF PROTESTORS...AND KURDS WANT IMMUNITY LIFTED...
rcookie says():Economist: the decision to ban the import of cement will contribute to the development of its industry sector and prevent hard currency out
rcookie says():TALKED ABOUT YESTERDAY TOWARD PROGRESS IN RESTRUCTURE AND PRIVATIZATION OF 192 SOE'S....IRAQ WILL BE BIG PLAYERS IN CEMENT SECTOR....AND REGULATING OUT IMPORTS...
rcookie says():Abadi declares war "relentlessly" against corruption and asserts: We started early reforms
rcookie says():SO.....WE HAVE THE ITALIAN DEFENSE MINISTER VISITING OBEIDI TO DISCUSS MOSUL OPERATIONS YESTERDAY AND TODAY AS WELL AS MOSUL DAM SECURITY ....
AND TODAY THE HUNGARIAN DEFENDE MINISTER IN ERBIL DISCUSSING MOSUL OPERATION AND PESHMERGA SUPPORT....AND NOTES DID NOT PASS THROUGH BAGHDAD....
clay says to rcookie():I thought they were playing nice...was I wrong
rcookie says():WORDS NOT MATCHING ACTIONS.....
larrykn says():I think if they give the kurds the weapons needed this war would have been over by now
rcookie says():ALL RELEVANT ACTORS ARE TALKING AND SAYING THE RIGHT THINGS PUBLICLY TO THE MAIN AGENCIES LIKE UN.....
"IT IS IMPORTANT TO DEMONSTRATE POLITICAL STABILITY IN FACING THE SECURITY AND ECONOMIC CRISIS FACING THE COUNTRY".......THEN DO ABSOLUTELY EVERYTHING POSSIBLE TO UNDERMINE.....
rcookie says():JUST LIKE THEIR POSITION ON OIL PRICES.....WE KNOW OUR COUNTRY IS 90% DEPENDENT ON OIL PRICING FOR OUR SURVIVAL....
BUT WILL CONTINUE TO INCREASE PRODUCTION AT EVERY TURN....WHICH WE KNOW WILL LEAD TO MORE OF THE SAME SO WE CAN GRIPE ABOUT IT SOME MORE TOMORROW........
_firefly_ says():( Declaration ) , the Central Bank of Iraq launched national bonds ( nominal ) on behalf of the Ministry of Finance Bosaddarah nominal value of five categories ( 100 , 000 , 250 , 000 , 500 , 000 , 1000 , 000 , 5000 , 000 ) dinars 10/05/2016
_firefly_ says():Nobody is talking about the 6 Money Printing machines huh?
_firefly_ says():The NEW ones
_firefly_ says to larrykn():Did you guys notice the numbers on those bonds that were LAUNCHED?
rcookie says():SAME AS LAST ...
rcookie says():Iraq plans to achieve new record increase its oil exports in June
Author: HAA Editor: BK 10/05/2016 17:13 Number of Views: 26Long-Presse / Baghdad
Preliminary information for the program oil loading showed on Tuesday, Iraq's intention to strengthen the southern oilfields exports during next June, to three million and 470 thousand barrels per day, the number exceeds one hundred thousand barrels, "standard" rate achieved during November 2015, from Basrah indicating that it may expose Alsnov disparate so crude price pressures in the Asian market.
larrykn says to rcookie():so they are not slowing down, I guess they like the lower oil prices
Romello says():The bonds are sold on behalf on the Finance Ministry and come to maturity on March 14, 2018.
The issue is the first tranche of a 5 trillion-dinar bond plan announced by the finance ministry in January. Iraq already issues Treasury bills to domestic banks and has international bonds outstanding.
The central bank in March announced the local bonds will be sold between March 15 and April 15 to the public and to local lenders.
http://ift.tt/23GeiUt
_firefly_ says():Markets | Tue May 10, 2016 7:46am EDT Related: Bonds, Markets
Iraq sells $1.3 billion in local bonds to plug public deficit
May 10 Iraq's central bank on Tuesday said it started selling local bonds worth 1.5 trillion Iraqi dinars ($1.29 billion), as part of an effort to plug a government deficit caused by tumbling oil prices and the costs of fighting an Islamic State insurgency.
It is the first local bonds sale to the public since 2003, when Saddam Hussein was overthrown. Iraq already issues Treasury bills to domestic banks and has international bonds outstanding.
The two-year bonds are sold at an 8-percent annual discount rate, the Central Bank said in a statement. "Purchase applications from banks and citizens can be presented at the central bank directly," it said.
The bonds are sold on behalf on the Finance Ministry and come to maturity on March 14, 2018.
The issue is the first tranche of a 5 trillion-dinar bond plan announced by the finance ministry in January. Iraq already issues Treasury bills to domestic banks and has international bonds outstanding.
The central bank in March announced the local bonds will be sold between March 15 and April 15 to the public and to local lenders.
_firefly_ says():It is the first local bonds sale to the public since 2003
_firefly_ says():come to maturity on March 14, 2018.
faith1 says():so the first sale to locals is done?? firefly ??
_firefly_ says to faith1():YES !!!! :)
_firefly_ says to faith1():HUGE !!!!
faith1 says():what next ? open too international ??... isn't that what we await for ?
_firefly_ says to faith1():Stop the MCP once and for all
rcookie says():THAT IS NOT THE 1ST BOND SALE TO IRAQIS...
The Council of Ministers, on Tuesday afternoon, its regular, headed by Haider al-Abadi.
rcookie says():AND IS IN 2016 BUDGET...
faith1 says():bonds (their currency) sold open market international ?? we await ! (v)
rcookie says():JUNE IS EUROBOND SALE......
rcookie says():ALSO IN 2016 BUDGET...
faith1 says():all the news is HUGE latly... i like it ! (v) thank YOU all :)
_firefly_ says to faith1():They've tried it a couple of times but never really got off the ground
rcookie says():Source: Abadi held a cabinet meeting to "ten" ministers and ministries vacant assigned to "Agency"
10/05/2016 18:46 Number of Views: 142 BAGHDAD / tomorrow Press:
Holding Prime Minister Haider al-Abadi, on Tuesday, the cabinet meeting with 10 ministers only, through the use of the offices of "agency" to some ministries in order to complete the quorum.
An informed political source, for "tomorrow Press", "The Cabinet meeting today, was attended by 10 ministers only, including three ministers have been assigned by proxy, for the purpose of completing the quorum."
The source, who declined to be named, "The ministers who attended the proxy, they both Salman Jumaili (Planning Minister) of the Ministry of Commerce, Abdul-Hussein Abtan (Minister of Youth and Sports), the Ministry of Transport, and Haider al-Abadi (Prime Minister) and Minister of Petroleum Agency ".
For his part, said a legal expert, who declined to be named, replying to a question about the legitimacy of the meeting, saying: "The ministers who keeps them legal impediment to political or attend the Cabinet meeting, it can be assigned to other members of the Council to take over the agency ministries, temporarily for the hearing. "
The Council of Ministers, on Tuesday afternoon, its regular, headed by Haider al-Abadi.
larrykn says to R&R():this group trying to stop the reforms as slowed this down IMO but it won't stop it, adibi is moving forward and will do anything to get this done. I think we are in a real good place right now
subgirl says to R&R():just reading the news this morning!! WOW! it's gonna be another WOW kind of day!!
R&R says to subgirl():Couldn't agree more. Lots of positive news today. CBI announcement about local bonds issued, Parliament committees are back with Peshmerga protection (no media allowed in), CoM held its regular and it appears Abadi has completed ALL selections (agency and ministerial) to go to Parliament, and more today...
da58 says to subgirl():yep - appears no Parliment, nor voting.. cabinet meetings, etc.. hopefully voting ministers when they meet
subgirl says to R&R():WOW! that is awesome!!! :) thank you for that!!! I am very excited about what is happening!!
Pablo says():So, where is Abadi going to go from here if Parliament refuses to meet?
subgirl says to da58():We will wait and see what transpires from this day!!! :) I think it will be a good day! :) It sounds like they are trying to make this work!!
rcookie says():Jubouri confirms a delegation of the protestors that the presidency of the Council of Representatives has not and will not stand deduced from exercising their role to question any government entity (Details)
R&R says to rcookie():GM rcookie. What do you think Jubouri is trying to say here? Who is he "directing" those comments to IYO?
R&R says to rcookie():Sounds like he's out for blood??
larrykn says to R&R():I get to wonder what will happen to the HCL if Adabi puts in proxies for the Kurds
Pablo says():He'll probably need to put in proxies for everyone since no one seems interested in coming to work.
Dinarian1 says():I love to watch engineers at work. Everything is so methodical... just takes soooo much time to get things done! Make it happen capin'.... Go Abadi go! Go Abadi Go! Git Er Done!!
rcookie says():FURTHER CLARIFYING POSITION TO PURSUE INVESTIGATING AND PROSECUTION OF ILLEGAL AND REPREHENSIBLE ACTIONS OF PROTESTORS...AND KURDS WANT IMMUNITY LIFTED...
rcookie says():Economist: the decision to ban the import of cement will contribute to the development of its industry sector and prevent hard currency out
rcookie says():TALKED ABOUT YESTERDAY TOWARD PROGRESS IN RESTRUCTURE AND PRIVATIZATION OF 192 SOE'S....IRAQ WILL BE BIG PLAYERS IN CEMENT SECTOR....AND REGULATING OUT IMPORTS...
rcookie says():Abadi declares war "relentlessly" against corruption and asserts: We started early reforms
rcookie says():SO.....WE HAVE THE ITALIAN DEFENSE MINISTER VISITING OBEIDI TO DISCUSS MOSUL OPERATIONS YESTERDAY AND TODAY AS WELL AS MOSUL DAM SECURITY ....
AND TODAY THE HUNGARIAN DEFENDE MINISTER IN ERBIL DISCUSSING MOSUL OPERATION AND PESHMERGA SUPPORT....AND NOTES DID NOT PASS THROUGH BAGHDAD....
clay says to rcookie():I thought they were playing nice...was I wrong
rcookie says():WORDS NOT MATCHING ACTIONS.....
larrykn says():I think if they give the kurds the weapons needed this war would have been over by now
rcookie says():ALL RELEVANT ACTORS ARE TALKING AND SAYING THE RIGHT THINGS PUBLICLY TO THE MAIN AGENCIES LIKE UN.....
"IT IS IMPORTANT TO DEMONSTRATE POLITICAL STABILITY IN FACING THE SECURITY AND ECONOMIC CRISIS FACING THE COUNTRY".......THEN DO ABSOLUTELY EVERYTHING POSSIBLE TO UNDERMINE.....
rcookie says():JUST LIKE THEIR POSITION ON OIL PRICES.....WE KNOW OUR COUNTRY IS 90% DEPENDENT ON OIL PRICING FOR OUR SURVIVAL....
BUT WILL CONTINUE TO INCREASE PRODUCTION AT EVERY TURN....WHICH WE KNOW WILL LEAD TO MORE OF THE SAME SO WE CAN GRIPE ABOUT IT SOME MORE TOMORROW........
_firefly_ says():( Declaration ) , the Central Bank of Iraq launched national bonds ( nominal ) on behalf of the Ministry of Finance Bosaddarah nominal value of five categories ( 100 , 000 , 250 , 000 , 500 , 000 , 1000 , 000 , 5000 , 000 ) dinars 10/05/2016
_firefly_ says():Nobody is talking about the 6 Money Printing machines huh?
_firefly_ says():The NEW ones
_firefly_ says to larrykn():Did you guys notice the numbers on those bonds that were LAUNCHED?
rcookie says():SAME AS LAST ...
rcookie says():Iraq plans to achieve new record increase its oil exports in June
Author: HAA Editor: BK 10/05/2016 17:13 Number of Views: 26Long-Presse / Baghdad
Preliminary information for the program oil loading showed on Tuesday, Iraq's intention to strengthen the southern oilfields exports during next June, to three million and 470 thousand barrels per day, the number exceeds one hundred thousand barrels, "standard" rate achieved during November 2015, from Basrah indicating that it may expose Alsnov disparate so crude price pressures in the Asian market.
larrykn says to rcookie():so they are not slowing down, I guess they like the lower oil prices
Romello says():The bonds are sold on behalf on the Finance Ministry and come to maturity on March 14, 2018.
The issue is the first tranche of a 5 trillion-dinar bond plan announced by the finance ministry in January. Iraq already issues Treasury bills to domestic banks and has international bonds outstanding.
The central bank in March announced the local bonds will be sold between March 15 and April 15 to the public and to local lenders.
http://ift.tt/23GeiUt
_firefly_ says():Markets | Tue May 10, 2016 7:46am EDT Related: Bonds, Markets
Iraq sells $1.3 billion in local bonds to plug public deficit
May 10 Iraq's central bank on Tuesday said it started selling local bonds worth 1.5 trillion Iraqi dinars ($1.29 billion), as part of an effort to plug a government deficit caused by tumbling oil prices and the costs of fighting an Islamic State insurgency.
It is the first local bonds sale to the public since 2003, when Saddam Hussein was overthrown. Iraq already issues Treasury bills to domestic banks and has international bonds outstanding.
The two-year bonds are sold at an 8-percent annual discount rate, the Central Bank said in a statement. "Purchase applications from banks and citizens can be presented at the central bank directly," it said.
The bonds are sold on behalf on the Finance Ministry and come to maturity on March 14, 2018.
The issue is the first tranche of a 5 trillion-dinar bond plan announced by the finance ministry in January. Iraq already issues Treasury bills to domestic banks and has international bonds outstanding.
The central bank in March announced the local bonds will be sold between March 15 and April 15 to the public and to local lenders.
_firefly_ says():It is the first local bonds sale to the public since 2003
_firefly_ says():come to maturity on March 14, 2018.
faith1 says():so the first sale to locals is done?? firefly ??
_firefly_ says to faith1():YES !!!! :)
_firefly_ says to faith1():HUGE !!!!
faith1 says():what next ? open too international ??... isn't that what we await for ?
_firefly_ says to faith1():Stop the MCP once and for all
rcookie says():THAT IS NOT THE 1ST BOND SALE TO IRAQIS...
The Council of Ministers, on Tuesday afternoon, its regular, headed by Haider al-Abadi.
rcookie says():AND IS IN 2016 BUDGET...
faith1 says():bonds (their currency) sold open market international ?? we await ! (v)
rcookie says():JUNE IS EUROBOND SALE......
rcookie says():ALSO IN 2016 BUDGET...
faith1 says():all the news is HUGE latly... i like it ! (v) thank YOU all :)
_firefly_ says to faith1():They've tried it a couple of times but never really got off the ground
rcookie says():Source: Abadi held a cabinet meeting to "ten" ministers and ministries vacant assigned to "Agency"
10/05/2016 18:46 Number of Views: 142 BAGHDAD / tomorrow Press:
Holding Prime Minister Haider al-Abadi, on Tuesday, the cabinet meeting with 10 ministers only, through the use of the offices of "agency" to some ministries in order to complete the quorum.
An informed political source, for "tomorrow Press", "The Cabinet meeting today, was attended by 10 ministers only, including three ministers have been assigned by proxy, for the purpose of completing the quorum."
The source, who declined to be named, "The ministers who attended the proxy, they both Salman Jumaili (Planning Minister) of the Ministry of Commerce, Abdul-Hussein Abtan (Minister of Youth and Sports), the Ministry of Transport, and Haider al-Abadi (Prime Minister) and Minister of Petroleum Agency ".
For his part, said a legal expert, who declined to be named, replying to a question about the legitimacy of the meeting, saying: "The ministers who keeps them legal impediment to political or attend the Cabinet meeting, it can be assigned to other members of the Council to take over the agency ministries, temporarily for the hearing. "
The Council of Ministers, on Tuesday afternoon, its regular, headed by Haider al-Abadi.
faith1 says to rcookie():tell me why eurobond sale is important too us... sorry ,, i don't know (v)
faith1 says():ok so had meeting with / including ministers assigned by proxy.... good ,,, good... but has not yet announced new ministers (will announce in coming days), and can vote effectivly with proxy assignies...good ,,, good AND citizens are rioting for reforms and IMO if they (Iraq Gov), does not move into reform and build their country great taking good care of the citizen...they will loose ground and strength,,, reforms applied is needed NOW! (v)s
wmawhite says():Eurobonds are most commonly issued when the issuer does not have a particularly deep local debt market, or when the issuer's home currency is less attractive to investors. In 2015, the Lebanese government, which uses the Lebanese pound, issued a Eurobond in U.S. dollars, effectively opening itself to U.S. dollar-denominated investment from its own local institutions and international investors alike.
faith1 says to wmawhite():TY,,,, so the article ^ about eurobonds was about Iraq opening their market too the euro? and that is part of going international ? IF I am way off on this subject, just tell me and i can put it out of mind,,, so i don't make myself crazy and OR you that do understand ! (v)
_firefly_ says to faith1():A Eurobond is an international bond that is denominated in a currency not native to the country where it is issued. Also called external bond; "external bonds which, strictly, are neither Eurobonds nor foreign bonds would also include: foreign currency denominated domestic bonds. . ."
[2] It can be categorised according to the currency in which it is issued. London is one of the centers of the Eurobond market, with Luxembourg being the primary listing center[3] for these instruments. Eurobonds may be traded throughout the world - for example in Singapore or Tokyo.
_firefly_ says to faith1():London is one of the centers of the Eurobond market,
_firefly_ says to faith1():Eurobonds may be traded throughout the world
tman23 says():The question that needs to be asked.... Who is buying these bonds ? Few months ago they were on a selling campaign and nobody was buying.......
the statement was interest rate foreign invesment wanted was 12% for "the high risk"....... but now they are going to be flocking in at 8% while the GOI is in disarray and uncertainty is a BIG question...... Maybe more purchasing by the CBI from hard currency reserves...... Interesting.....
faith1 says():ok so had meeting with / including ministers assigned by proxy.... good ,,, good... but has not yet announced new ministers (will announce in coming days), and can vote effectivly with proxy assignies...good ,,, good AND citizens are rioting for reforms and IMO if they (Iraq Gov), does not move into reform and build their country great taking good care of the citizen...they will loose ground and strength,,, reforms applied is needed NOW! (v)s
wmawhite says():Eurobonds are most commonly issued when the issuer does not have a particularly deep local debt market, or when the issuer's home currency is less attractive to investors. In 2015, the Lebanese government, which uses the Lebanese pound, issued a Eurobond in U.S. dollars, effectively opening itself to U.S. dollar-denominated investment from its own local institutions and international investors alike.
faith1 says to wmawhite():TY,,,, so the article ^ about eurobonds was about Iraq opening their market too the euro? and that is part of going international ? IF I am way off on this subject, just tell me and i can put it out of mind,,, so i don't make myself crazy and OR you that do understand ! (v)
_firefly_ says to faith1():A Eurobond is an international bond that is denominated in a currency not native to the country where it is issued. Also called external bond; "external bonds which, strictly, are neither Eurobonds nor foreign bonds would also include: foreign currency denominated domestic bonds. . ."
[2] It can be categorised according to the currency in which it is issued. London is one of the centers of the Eurobond market, with Luxembourg being the primary listing center[3] for these instruments. Eurobonds may be traded throughout the world - for example in Singapore or Tokyo.
_firefly_ says to faith1():London is one of the centers of the Eurobond market,
_firefly_ says to faith1():Eurobonds may be traded throughout the world
tman23 says():The question that needs to be asked.... Who is buying these bonds ? Few months ago they were on a selling campaign and nobody was buying.......
the statement was interest rate foreign invesment wanted was 12% for "the high risk"....... but now they are going to be flocking in at 8% while the GOI is in disarray and uncertainty is a BIG question...... Maybe more purchasing by the CBI from hard currency reserves...... Interesting.....
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