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BondLady & Tlm724 News & Comments 7-15-16 Part 2 of 2
Agency US: IMF loan eases the financial crisis in Iraq and believes lending twenty billion dollars
Author: HAA, HH Editor: BK, HH 14/7/2016 17:13 Long-Presse / Baghdad He described the agency US credit rating and financial services, on Thursday, the agreement signed between Iraq and the International Monetary Fund to "positive" for their contribution to reducing the fiscal deficit suffered, while confirming that it would allow Iraq to get close to twenty billion dollars from the Fund and other countries loans.
The agency said the MODIS (Moody's) in a statement seen by (long-Presse), "The Stand-By agreement signed between Iraq and the International Monetary Fund, amounting to up to five billion and 340 million dollars, a positive because it will improve the liquidity pace and reducing the severity of the fiscal deficit in the its balance of payments. "
The agency added that "the agreement ratified by the executive body of the International Monetary Fund last week, giving way to provide another global financial assistance to Iraq worth $ 15 billion over the next three years to improve the situation of the country's economy which was damaged fall in oil rates since mid-2014, as well as battles charged with being waged against al Daash. "
~~~
BondLady & Tlm724 News & Comments 7-15-16 Part 2 of 2
Agency US: IMF loan eases the financial crisis in Iraq and believes lending twenty billion dollars
Author: HAA, HH Editor: BK, HH 14/7/2016 17:13 Long-Presse / Baghdad He described the agency US credit rating and financial services, on Thursday, the agreement signed between Iraq and the International Monetary Fund to "positive" for their contribution to reducing the fiscal deficit suffered, while confirming that it would allow Iraq to get close to twenty billion dollars from the Fund and other countries loans.
The agency said the MODIS (Moody's) in a statement seen by (long-Presse), "The Stand-By agreement signed between Iraq and the International Monetary Fund, amounting to up to five billion and 340 million dollars, a positive because it will improve the liquidity pace and reducing the severity of the fiscal deficit in the its balance of payments. "
The agency added that "the agreement ratified by the executive body of the International Monetary Fund last week, giving way to provide another global financial assistance to Iraq worth $ 15 billion over the next three years to improve the situation of the country's economy which was damaged fall in oil rates since mid-2014, as well as battles charged with being waged against al Daash. "
~~~
The financial advisor to the prime minister revealed the appearance of Mohammed Saleh, in (27 May 2016), for Iraq, for "financial umbrella" international convergence of twenty billion dollars, as a result of its agreement with the International Monetary Fund.
And Moody's (Moody's Corporation) is a holding company, founded by John Moody in 1909, owns Moody's service for investors Moody's Investors Service based economic research and financial analysis and evaluation of private and government in terms of financial institutions and credit strength, and controls nearly 40 percent of the assessment of credit market In the world. LINK
[tlm724] He described the agency US credit rating and financial services, on Thursday, the agreement signed between Iraq and the International Monetary Fund to "positive" for their contribution to reducing the fiscal deficit suffered, while confirming that it would allow Iraq to get close to twenty billion dollars from the Fund and other countries loans.
[tlm724] Moody's "The Stand-By agreement signed between Iraq and the International Monetary Fund, amounting to up to five billion and 340 million dollars, a positive because it will improve the liquidity pace and reducing the severity of the fiscal deficit in the its balance of payments.
[tlm724] Saleh, in (27 May 2016), for Iraq, for "financial umbrella" international convergence of twenty billion dollars, as a result of its agreement with the International Monetary Fund.
http://ift.tt/29CrKVv
~~~~~~~~~~~~~~~~~~~~~~~~
Rate of Arab and foreign currencies in Iraqi dinars on Friday
15/07/2016 10:50 | Direction Press / follow-up
A US dollar
US $ 1 = 1,169.6800 Iraqi dinars
1 Iraqi dinars = US $ 0.0009
The sale price of a hundred dollars = 128.300 dinars +
The purchase price of a hundred dollars = 127.300 Iraqi Dinars
euro
1 euro = Iraqi dinars 1,294.0370
IQD 1 = 0.0008 euros
Sterling pound
£ 1 = 1,554.5366 Iraqi dinars
IQD 1 = 0.0006 pounds
Canadian Dollar
1 CAD = 895.2089 dinars
IQD 1 = 0.0011 Canadian dollars
Australian Dollar
1 AUD = 887.5871 dinars
IQD 1 = 0.0011 Australian dollars
Japanese Yen
1 Japanese Yen = 11.2298 dinars
IQD 1 = 0.0890 Japanese yen
Egyptian Pound
1 Egyptian Pound = 132.0646 dinars
IQD 1 = 0.0076 Egyptian pounds
Saudi riyal
1 SAR = 311.8947 dinars
IQD 1 = 0.0032 SAR
UAE dirham
1 AED = 318.4579 dinars
IQD 1 = 0.0031 AED
Sudanese Pound
1 SDG = 192.1796 dinars
IQD 1 = 0.0052 Sudanese pounds
Algerian dinar
1 DA = 10.5874 dinars
IQD 1 = 0.0945 DA
Bahraini Dinar
1 BD = 3,100.1325 Iraqi dinars
IQD 1 = 0.0003 BD
Jordanian Dinar
JD 1 = 1,651.1296 Iraqi dinars
IQD 1 = 0.0006 JD
Kuwaiti dinar
1 KD = 3,873.2408 Iraqi dinars
IQD 1 = 0.0003 Kuwaiti dinars
Lebanese Pound
1 LP = 0.7741 Iraqi dinars
IQD 1 = 1.2919 LP
Shekel
NIS 1 = 301.9386 dinars
IQD 1 = 0.0033 NIS
Libyan dinar
1 LD = 841.1999 dinars
IQD 1 = 0.0012 LD
Moroccan dirham
MAD 1 = 119.3112 dinars
IQD 1 = 0.0084 Moroccan dirhams
Mauritanian ounce
1 UM = 3.2910 Iraqi dinars
IQD 1 = 0.3039 UM
Syrian Lira
1 SYP = 5.4128 Iraqi dinars
IQD 1 = 0.1847 LS
Somali shilling
1 Somali Shilling = 2.0206 Iraqi dinars
IQD 1 = 0.4949 Somali Shilling
Omani Rial
RO 1 = 3,038.6587 Iraqi dinars
IQD 1 = 0.0003 RO
Qatari Riyal
QR 1 = 321.2206 dinars
IQD 1 = 0.0031 QR
Tunisian Dinar
1 TND = 530.3733 dinars
IQD 1 = 0.0019 Tunisian dinars
Yemeni riyal
1 YR = 4.6799 Iraqi dinars
IQD 1 = 0.2137 YR
Djiboutian franc
1 Djibouti francs = 6.5990 Iraqi dinars
IQD 1 = 0.1515 francs Djibouti
http://ift.tt/29B0VVp;
[tlm724] their backkkkkkkk lol thanks BondLady !
http://ift.tt/29CrGVO
~~~~~~~~~~~~~~~~~~~~~~~~~
Iraq to cut spending in 2016 and owes billions of dollars
Economy Since 14/07/2016 18:44 pm (Baghdad time) Baghdad balances News
The Iraqi government announced in a memorandum published by the International Monetary Fund that Iraq will cut spending in the non-oil budget in 2016 by 15% and Sestdan billions of dollars in light of falling oil prices more than expected.
Iraq relies's second
While Iraq is seeking support from donors in the light of the collapse of the global crude oil prices and the high cost of the war to organize "Daash" in.
The Iraqi parliament has approved a 2016 budget amounting to 105.8 trillion Iraqi dinars (about $ 90 billion) deficit of 24 trillion dinars in December / December.
The government said in a speech the sender of the International Monetary Fund for a loan application under the demand that it now expects to reduce the deficit to $ 4.9 billion in 2016 and then to $ 13.2 billion during the period 2017-2019.
The IMF agreed to loan demand in the last week to allow Iraq to get a first payment of $ 1.9 billion.
While Iraq announced that other sources of funding to fill this year's deficit may include loans worth more than $ 2 billion from the World Bank participate in the guaranteed France, Britain, Canada and loans worth more than $ 3 billion from the United States and other lenders.
The authorities will rely on bonds worth one billion US dollars to ensure the full and the issuance of international bonds, a similar amount in the last quarter of 2016.
The last time he sold the Iraq international debt instruments was in 2006, when it issued bonds worth about $ 2.7 billion due in 2028 and Bkopon 5.8%.
The Iraqi government plans to withdraw from its foreign exchange reserves over the next few years to help support this funding.
The government expected that the reserves fall to $ 31.5 billion in 2020 from $ 59 billion in October / October last.
Iraq also said the International Monetary Fund that he was committed to "progressive repayment" of receivables overdue for international oil companies by the end of 2016.
While the government has announced in the note that it will apply the policy of hiring freeze in most sectors and reform of pensions and charging for electricity in order to increase revenues.
She added that while the government of Iraq's economic activity shrank by 2.4% in 2015, but expects to grow by 10.3% in the current year. LINK
And Moody's (Moody's Corporation) is a holding company, founded by John Moody in 1909, owns Moody's service for investors Moody's Investors Service based economic research and financial analysis and evaluation of private and government in terms of financial institutions and credit strength, and controls nearly 40 percent of the assessment of credit market In the world. LINK
[tlm724] He described the agency US credit rating and financial services, on Thursday, the agreement signed between Iraq and the International Monetary Fund to "positive" for their contribution to reducing the fiscal deficit suffered, while confirming that it would allow Iraq to get close to twenty billion dollars from the Fund and other countries loans.
[tlm724] Moody's "The Stand-By agreement signed between Iraq and the International Monetary Fund, amounting to up to five billion and 340 million dollars, a positive because it will improve the liquidity pace and reducing the severity of the fiscal deficit in the its balance of payments.
[tlm724] Saleh, in (27 May 2016), for Iraq, for "financial umbrella" international convergence of twenty billion dollars, as a result of its agreement with the International Monetary Fund.
http://ift.tt/29CrKVv
~~~~~~~~~~~~~~~~~~~~~~~~
Rate of Arab and foreign currencies in Iraqi dinars on Friday
15/07/2016 10:50 | Direction Press / follow-up
A US dollar
US $ 1 = 1,169.6800 Iraqi dinars
1 Iraqi dinars = US $ 0.0009
The sale price of a hundred dollars = 128.300 dinars +
The purchase price of a hundred dollars = 127.300 Iraqi Dinars
euro
1 euro = Iraqi dinars 1,294.0370
IQD 1 = 0.0008 euros
Sterling pound
£ 1 = 1,554.5366 Iraqi dinars
IQD 1 = 0.0006 pounds
Canadian Dollar
1 CAD = 895.2089 dinars
IQD 1 = 0.0011 Canadian dollars
Australian Dollar
1 AUD = 887.5871 dinars
IQD 1 = 0.0011 Australian dollars
Japanese Yen
1 Japanese Yen = 11.2298 dinars
IQD 1 = 0.0890 Japanese yen
Egyptian Pound
1 Egyptian Pound = 132.0646 dinars
IQD 1 = 0.0076 Egyptian pounds
Saudi riyal
1 SAR = 311.8947 dinars
IQD 1 = 0.0032 SAR
UAE dirham
1 AED = 318.4579 dinars
IQD 1 = 0.0031 AED
Sudanese Pound
1 SDG = 192.1796 dinars
IQD 1 = 0.0052 Sudanese pounds
Algerian dinar
1 DA = 10.5874 dinars
IQD 1 = 0.0945 DA
Bahraini Dinar
1 BD = 3,100.1325 Iraqi dinars
IQD 1 = 0.0003 BD
Jordanian Dinar
JD 1 = 1,651.1296 Iraqi dinars
IQD 1 = 0.0006 JD
Kuwaiti dinar
1 KD = 3,873.2408 Iraqi dinars
IQD 1 = 0.0003 Kuwaiti dinars
Lebanese Pound
1 LP = 0.7741 Iraqi dinars
IQD 1 = 1.2919 LP
Shekel
NIS 1 = 301.9386 dinars
IQD 1 = 0.0033 NIS
Libyan dinar
1 LD = 841.1999 dinars
IQD 1 = 0.0012 LD
Moroccan dirham
MAD 1 = 119.3112 dinars
IQD 1 = 0.0084 Moroccan dirhams
Mauritanian ounce
1 UM = 3.2910 Iraqi dinars
IQD 1 = 0.3039 UM
Syrian Lira
1 SYP = 5.4128 Iraqi dinars
IQD 1 = 0.1847 LS
Somali shilling
1 Somali Shilling = 2.0206 Iraqi dinars
IQD 1 = 0.4949 Somali Shilling
Omani Rial
RO 1 = 3,038.6587 Iraqi dinars
IQD 1 = 0.0003 RO
Qatari Riyal
QR 1 = 321.2206 dinars
IQD 1 = 0.0031 QR
Tunisian Dinar
1 TND = 530.3733 dinars
IQD 1 = 0.0019 Tunisian dinars
Yemeni riyal
1 YR = 4.6799 Iraqi dinars
IQD 1 = 0.2137 YR
Djiboutian franc
1 Djibouti francs = 6.5990 Iraqi dinars
IQD 1 = 0.1515 francs Djibouti
http://ift.tt/29B0VVp;
[tlm724] their backkkkkkkk lol thanks BondLady !
http://ift.tt/29CrGVO
~~~~~~~~~~~~~~~~~~~~~~~~~
Iraq to cut spending in 2016 and owes billions of dollars
Economy Since 14/07/2016 18:44 pm (Baghdad time) Baghdad balances News
The Iraqi government announced in a memorandum published by the International Monetary Fund that Iraq will cut spending in the non-oil budget in 2016 by 15% and Sestdan billions of dollars in light of falling oil prices more than expected.
Iraq relies's second
While Iraq is seeking support from donors in the light of the collapse of the global crude oil prices and the high cost of the war to organize "Daash" in.
The Iraqi parliament has approved a 2016 budget amounting to 105.8 trillion Iraqi dinars (about $ 90 billion) deficit of 24 trillion dinars in December / December.
The government said in a speech the sender of the International Monetary Fund for a loan application under the demand that it now expects to reduce the deficit to $ 4.9 billion in 2016 and then to $ 13.2 billion during the period 2017-2019.
The IMF agreed to loan demand in the last week to allow Iraq to get a first payment of $ 1.9 billion.
While Iraq announced that other sources of funding to fill this year's deficit may include loans worth more than $ 2 billion from the World Bank participate in the guaranteed France, Britain, Canada and loans worth more than $ 3 billion from the United States and other lenders.
The authorities will rely on bonds worth one billion US dollars to ensure the full and the issuance of international bonds, a similar amount in the last quarter of 2016.
The last time he sold the Iraq international debt instruments was in 2006, when it issued bonds worth about $ 2.7 billion due in 2028 and Bkopon 5.8%.
The Iraqi government plans to withdraw from its foreign exchange reserves over the next few years to help support this funding.
The government expected that the reserves fall to $ 31.5 billion in 2020 from $ 59 billion in October / October last.
Iraq also said the International Monetary Fund that he was committed to "progressive repayment" of receivables overdue for international oil companies by the end of 2016.
While the government has announced in the note that it will apply the policy of hiring freeze in most sectors and reform of pensions and charging for electricity in order to increase revenues.
She added that while the government of Iraq's economic activity shrank by 2.4% in 2015, but expects to grow by 10.3% in the current year. LINK
[tlm724] The government said in a speech the sender of the International Monetary Fund for a loan application under the demand that it now expects to reduce the deficit to $ 4.9 billion in 2016 and then to $ 13.2 billion during the period 2017-2019.
[tlm724] Iraq is getting real with it's spending. Thank you IMF for giving them a reality check Wink
[tlm724] so more loans from many sources and authorities will rely on bonds worth one billion US dollars to ensure the full and the issuance of international bonds, a similar amount in the last quarter of 2016
[tlm724] they sold lots of local bonds but this time it will international bonds
[tlm724] The Iraqi government plans to withdraw from its foreign exchange reserves over the next few years to help support this funding
[tlm724] not too happy about that part Suspect
[tlm724] so Iraq is playing by the rules set by the IMF which is great news because if they had gone all cowboy on us we would be in a hurt for sure Wink
[tlm724] there were 2 official documents released from the IMF yesterday, I'll link you to both but the 1st is a question and answer session and is very interesting. The second one is a link to the PDF titled Iraq : First and Second Reviews of the Staff-Monitored Program and Request for a Three-year Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Iraq
1st one http://ift.tt/29CrBl0
2nd one http://ift.tt/29B1rCR
http://ift.tt/29CrQfF
[tlm724] Iraq is getting real with it's spending. Thank you IMF for giving them a reality check Wink
[tlm724] so more loans from many sources and authorities will rely on bonds worth one billion US dollars to ensure the full and the issuance of international bonds, a similar amount in the last quarter of 2016
[tlm724] they sold lots of local bonds but this time it will international bonds
[tlm724] The Iraqi government plans to withdraw from its foreign exchange reserves over the next few years to help support this funding
[tlm724] not too happy about that part Suspect
[tlm724] so Iraq is playing by the rules set by the IMF which is great news because if they had gone all cowboy on us we would be in a hurt for sure Wink
[tlm724] there were 2 official documents released from the IMF yesterday, I'll link you to both but the 1st is a question and answer session and is very interesting. The second one is a link to the PDF titled Iraq : First and Second Reviews of the Staff-Monitored Program and Request for a Three-year Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Iraq
1st one http://ift.tt/29CrBl0
2nd one http://ift.tt/29B1rCR
http://ift.tt/29CrQfF
via Dinar Recaps - Our Blog http://ift.tt/29B1sqe
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