| Word on the Street Saturday 3/25/17
Word on the Street Saturday 3/25/17:
TNT CONFERENCE CALL FRIDAY 3/24/17 DC NY CALL RECAP:
Good afternoon TNT Superfantastic Family! Today is Fantabulous Friday. Just a little while longer. It is getting hot in here and meaning information hot. What you are wanting to hear, they are saying it to you now and just on one side. Now it is coming to the other side and going to be put in the mind frame that this ride is over. Not a lot of new intel. We are very excited on where we are and where we are going. On TV in Iraq, they are moving to a free economy and activating the private sector plus getting things moving. There is expectation of announcments, of full announcements, and reconciliation. I have not heard it officially yet. There is reference of massive get together where Sadr is being courted to celebrate, and be thankful for all that has taken place rather than protesting. There was some real solid expectation and plans for celebrating yesterday and the day before. Just because it did not happen yet, doesn't mean it won't happen. There is inclement weather, so they are not protesting or celebrating. As info comes to us, we will keep you updated. Question, is the info true and factual, and what is the time frame for it.
This was a translation in Arabic that was found on the CBI website: TO ALL LICENSED BANKS AND LICENSED MONEY TRANSFER TO ALL COMPANIES AND FINANCIAL AND INVESTMENTS AND BROKERS IN BUYING AND SELLING FOREIGN EXCHANGE CURRENCIES, APPROVE ALL COMPANIES FOR EXCHANGE RATE. ACCORDING TO THE DECISION DATED THAT THE CENTRAL BANK OF IRAQ GRANTS THE INTERNATIONAL PRICE WHICH IS THE REAL EQUIVALENT RATE FOR THE FOREIGN CURRENCIES AND ORDER TO DETERMENT IT'S VALUE OF TRADING OF THESE CURRENCIES AND THE YEARLY REPORT. MORE OVER THE YEARLY REPORT SHOULD STATES CLEARLY THE ABOVE DATA THAT DEFINES THE REAL VALUE ACCORDING TO INTERNATIONAL RATING, DIRECTED TO THE BANKS AND FINANCIAL INSTITUTES THAT DEALS WITH THE MONEY AND FOREIGN MONEY" WHAT THIS ANNOUNCEMENT MEANS? IT MEANS THAT THE IMF IS GIVEN THE GREEN LIGHT TO ALL BANKS TO TRADE AND EXCHANGE THE IRAQI DINAR TO IT'S REAL VALUE!!!s.
There is lots of excitement that this has caused, and the way this is being put out. Some are looking for all they can and the popularity they can get out of it. This is good and types of things we want to see and hear. The neat thing about the information on the public side, and on the private side we had to wait for it to become public. The people that are supposed to have this info have it, and yes there is a lot of excitement surrounding it. There is a lot of expectation surrounding it too. There is still a timing factor. If the green light is given, how fast will this commence? Q and A: Q: Has anything been said in the Mosques Ray: only what I said in the opening statement. Q: What is being said about 800#s. Ray: I have not heard anything of that yet. Q: Is April a popular month for RV? Ray: I suspect it will be for us. Q: Does the SBA have anything to do with the RV? Ray: I have no idea what it is and how it will affect the RV. Only timing. We just have to let it unfold. Q: What are the Rates? Ray: Still the same Dinar around $3.40 and most consistent on Dong .47 cents, Zimbabwe 10-15 cents, Iranian Rial $3.20's Q: Any deadline? Ray: First quarter. Caller: 970 How do we secure our money until we open our Trusts? Ray: Put it in an account until you are ready to open your trust. Caller: In regards to the 48 banks dealing in Dinar, are any in the Phoenix area? Ray:There is one in the state of Arizona. Caller: Will this happen this month? Ray: I have heard an end of quarter scenario too. Hopefully we can bring the announcement soon. Caller: I have good news here in California! LA law library has free classes how to invest and start your business.Ray: That is good news. Caller: On this translation you read, does that mean the CBI notified all this entities with the rate? Ray: Not so much the rate, but the readiness to more forward and start exchaning the currency. Caller: If is hot in here. What did you mean by the statement. Did you mean the one on the CBI website? Ray: Yes.This ride is over, but we just can't pinpoint the exact date. Ray's Wrap up: Its Friday, what we know and believe all the people you want to deal with involving this notice from the CBI, they are aware of it. What happens next? I can't tell you. I don't know if they will mobilize. People are claiming this to be the green light for the banks exchanging the Iraqi dinar. This could be 100% true factual real documentation, and if it isn't they will move accordingly. We knew this day was coming. We know the day is coming to exchange, and we have been focused on everyday thereafter. We know the end is coming and know that the process has begun. Day by day more comes to view and before we know it, all will be out here. We need to be ready, so you can do right. We are trying to help you get to the stage, since our day is coming! That is what I Believe. We are all excited about our Future and that ladies and gentlemen is a wrap. Rayren98
Forex Rates:
CNBC Link: http://www.cnbc.com/markets/
CNBC Morning Squawk Link: No link on Saturday
DC NY Iraq Articles:
Sadr from Tahrir Square: We are not afraid of the threat of death and I recommend you to continue peaceful demonstrations
Independent) ... The leader of the Sadrist movement Moqtada al-Sadr that the Iraqi people will not shake the storm of terrorism and hunger and poverty, pointing out that he is not afraid of the threat of death, while pointing out that the reform revolution planted the love of the homeland and hatred of corruption, regardless of its origin or faith, A number of commandments to his followers and demonstrators that "succeeded in his assassination," calling on them to continue the revolution of peaceful reform to eliminate corruption.
"What we have offered together is only a drop in the sea of Iraq, which deserves to be sacrificed," Sadr said in a speech at a demonstration in central Baghdad.
"The great Iraqi people did not shake you with the storm of terrorism or hunger and poverty, and you are still arrogant and did not bow down to God," he said. "We have been living for you and for you, and we have never turned away, no matter how hard the spoilers tried, whatever the conspirators ordered.
"We are not afraid of the threat of death or death, as many of them have been sending messages of threat and did not watch us only one of the two," he said, adding that "the messages are clear and clear if they succeeded in killing or assassinating I ask you to open and pray."
The leader of the Sadrist movement that "the revolution of the reform in all its details and demonstrations has borne a very important matter, which is that we planted the love of the homeland and hatred of corruption, whatever its origin or doctrine, that seed that drove the rotten corrupt, those who made them positions and raised money and instilling fear in the hearts of people must For that seed to be watered with water to grow. "
Sadr recommended to the demonstrators "to continue the reform revolution without any boredom if they succeeded in assassinating and maintaining the peaceful demonstrations, peaceful and to the end," stressing that "will not be satisfied by becoming otherwise."
"The green tent was the beginning of their end and the people's entry into the region was so, we do not want to be a reason to return Iraq to the point of zero," he said, adding that "most corrupt politicians will not return to corruption only, but most of them became owners of money and weapons, The executioner will not kneel except for God. "
"They will try with all their strength to continue the wars, and some of them will not only liberate Mosul, but will put you in fights here and there to carry out their international plan and be careful and preserve the homeland and do not divide it," Sadr warned. (End)
Iraq loses $8 b. annually from border outlets
Baghdad/ Iraq TradeLink: Iraqi Parliamentary Financial Commission MP Haitham al-Jbouri
He charged pro-government sources of obstructing the investigation on the work of the Iraqi Customs Department.
"A full report was written and sent to the Presidency of the Parliament and head of the political components on the corruption cases, with necessary documents and figures", he added.
"The Parliament decide to form an investigation committee, but some government-close circles obstructed the work of the committee that led to its cancellation despite the important results of its investigations", he elaborated.
A member of the parliamentary energy accuses electricity of not being involved in the project of investment collection
Editorial date: 2017/3/24 8:44 • 48 times read
(Baghdad: Euphrates News) accused member of the Committee on oil and energy parliamentary, Zaher Abadi, the Ministry of Electricity not to be clear in the draft investment levy.
Abadi said in a statement received by the agency {Euphrates News} a copy of it, that "the different and vague statements and shortening of the information in the Ministry of Electricity does not give a clear picture of the project to invest electricity in the provinces."
He added that "the issue of collection is a civilized step and shows the culture of peoples, but in Iraq, it needs to study thoroughly to take the experiences of neighboring countries in terms of pricing to compare them with the variable income of the Iraqi individual."
"If we know, the price in Iraq is higher than the neighboring countries and what is possible to load the burden of the citizen and corruption and failures of officials in this ministry during the previous years."
He pointed out that "the topic of collection is similar to the case of telecommunications companies in Iraq, which exploited the Iraqi citizen billions of dinars and dollars, we fear that repeated in the new electrical meters, which may disturb the consumer how to calculate units of measurement. The Ministry of Electricity, announced on 12 March, that the average amount of consumption of electricity from the citizen within the investment project does not exceed 50 thousand dinars per month. "The tariff for electricity consumption is subsidized by the government and the government subsidy rate is 94 percent," ministry spokesman Musab al-Mudarab said in a statement. He denied that "some media outlets were quoted as having high lists of citizens, which is not true. A deputy reveals a $ 2 billion waste in the Department of Mine Affairs
Since 2017-03-24 at 11:58 (Baghdad time)
Baghdad Mawazine News
Rep. Ali Nassif, the reformist MP, said on Friday that the Integrity Commission and the Inspector General of the Ministry of Health and the Environment were responsible for not investigating the corruption files of the director general of the former Mine Action Department, which caused a waste of two billion dollars.
"Financial corruption in Iraq is the cause of all the scourge of this people, who are living between the hammer of terrorism and corruption, poverty, unemployment and deteriorating services," Nassif said in a statement received by Mawazine News.
She added that "the amounts that disappeared or were wasted by the spoilers if they were collected, it is equivalent to the budget of a superpower," indicating that "an example of this huge corruption, the loss of Iraq two billion dollars because of corruption Director General of the Department of Mine Affairs.
Naseef stressed that "the Integrity Commission and Inspector General of the Ministry of Health and Environment must open an investigation into these files, otherwise they bear responsibility for wasting this huge amount that could have filled part of the deficit in the financial budget.
Parliamentary services warn of the disappearance of projects spent billions
Since 2017-03-24 at 13:04 (Baghdad time) Baghdad - Mawazine News
The head of the Committee on Services and Reconstruction Parliamentary Nazim Saidi, Friday, Prime Minister Haider Abadi allocate funds to water and sanitation projects, warning of the disappearance of those projects, which spent billions.
"The Prime Minister Haider al-Abadi directed the Ministry of Finance to allocate sufficient funds for water and sanitation projects and some internal and external roads," Saadi said in a statement received by Mawazine News.
He added that "the failure to allocate sufficient funds will cause waste of public funds through the disappearance of those projects, which the government spent billions and not yet completed because of the financial crisis and the government stopped allocating funds.
Kauaihn Iraq Articles:
UN warns of climate change implications for peace
Release date: 2017/3/24 11:53 • 16 times read
UN Secretary-General Antonio Guterres warned of the consequences of climate change for security, prosperity and sustainable development goals.
"We are dealing with scientific facts and not a political issue," Guterres said at a UN General Assembly meeting on climate change Thursday night that the activities of individuals caused serious thermal containment.
He reiterated that "the Paris Climate Agreement of December 2015 is a unique agreement in its universality, signed by 130 parties so far and aims to reduce global average temperatures to less than two degrees compared to the pre-industrial era." For his part, UN General Assembly President Peter Thompson said at the meeting that he had met with World Meteorological Organization (WMO) Secretary-General Petri Talas, who confirmed that the world was heading towards a temperature rise of three to four degrees Celsius. The meeting highlighted the coordination between the factors of climate change and the agenda of sustainable development goals 2030. En Mr. Ammar al-Hakim discusses with the Japanese ambassador the reconstruction of liberated areas
Editorial date: 2017/3/24 8:33 • 42 times read
(Baghdad: Al-Furat News) President of the National Alliance, Mr. Ammar al-Hakim, in his office in Baghdad on Thursday with the Ambassador of Japan to Iraq, Fumio Iwai, the file of reconstruction of liberated areas.
A statement issued by his office received the news agency "Euphrates News" that Mr. Ammar al-Hakim "discussed with the Japanese ambassador the file of reconstruction of the liberated areas of the terrorist and the contribution of the international community and Japan as a leading countries in this area and has contributions to help Iraq," calling "the international community To assume its responsibilities towards the suffering of the humanitarian Iraqis from terrorism as it is fighting a war on the prestige of the world. "
Mr. Ammar al-Hakim reviewed with the Japanese ambassador the security and political developments in Iraq and the region and the victories achieved by the Iraqi people in all its colors and shades of terrorism. He added that "Iraq has regained its people and is united against terrorism, which makes it easier to eliminate it. Mosul is the last military confrontation with the terrorist and then he will return to his old activity, which requires plans and treatments commensurate with the size of the security threat." He pointed out that "these security developments in the eyes of Iraqi decision-maker " Iraqi national reconciliation tops the meeting of the Jordanian and Moroccan incompetence
Political
From 2017-03-24 at 12:27 (Baghdad time) Follow up - Mawazine News
The issue of Iraqi national reconciliation and other crises in the region was discussed by the two monarchs, Jordanian Abdullah II and Moroccan Mohamed VI, in the Moroccan capital of Rabat.
They stressed the importance of the Arab summit leading to the crystallization of a common Arab vision to deal with crises and deal with the challenges facing the region.
The talks dealt with strengthening relations between Jordan and Morocco and the situation in the Middle East.
The talks also focused on ways to expand the horizons of cooperation between the two countries and build on the results of the meetings of the Jordanian-Moroccan High Joint Committee held in Rabat last year, which will contribute to building a strategic partnership between them.
It also stressed the need to continue coordination and consultation on various challenges and to address the most important issues to be discussed by the Arab Summit, particularly the peace process and Jerusalem, Iraqi national reconciliation, developments in Syria and Libya and efforts to combat terrorism.
The talks dealt with international and regional efforts to re-launch serious and effective negotiations between Palestinians and Israelis based on the two-state solution.
With regard to Jerusalem, they stressed the importance of preserving the historical and legal situation in the city, warning that any attempts to harm it would have implications for security and stability in the Middle East.
The two leaders also discussed the developments of the Syrian crisis and the latest developments in Iraq and Liby
Russia and China want to expand the work of the Commission of Inquiry using chemical weapons to include Iraq
25 March 2017 -
© AFP | An Iraqi carrying the body of his son who was killed in the fighting in Mosul and walking with another to the camp of Hammam al-Alil on 24 March 2017
Russia and China on Friday proposed expanding the work of the International Commission of Inquiry into the use of chemical weapons in Syria to include Iraq, an idea that was immediately rejected by the United Kingdom.
The proposal to extend the work of the committee, known as the Joint Investigation Mechanism, was presented during a closed-door discussion in the Security Council focused on the battle of Mosul, where Iraqi forces have been trying to expel the jihadists for weeks, British Ambassador to the United Nations Matthew Raikroft said.
During the debate, the UN Security Council unanimously expressed "concern" about the recent reports on the use of chemical weapons by the Islamic State Organization and noted that it was anxiously waiting for "the results of the Iraqi investigation" on this file, according to Raikroft.
Russia and China then submitted a draft resolution "seeking to expand the mechanism of international investigation to include Iraq," according to Raikroft, who confirmed that Britain has expressed an "opposition" to it.
Britain has pointed out that "there are many differences between the situation in both Syria and Iraq," according to Raicroft.
The British ambassador said that unlike the Syrian government, the Iraqi government "cooperates fully with the Organization for the Prohibition of Chemical Weapons, and there is no complaint" about the use of chemical weapons by the Iraqi government.
No decision was made on Friday on the draft resolution, and Raikroft did not say whether China and Russia would send the draft to vote soon.
But what has happened shows a fundamental difference between Westerners and Russia over the situation in Syria and with regard to possible sanctions against Syrian officials.
Last year, the International Commission of Inquiry concluded that the Syrian-allied Syrian government had used chlorine gas in at least two Syrian regions. On February 28, Russia and China vetoed a bill that included sanctions against the Syrian government for using chemical weapons.
Barzani: There is no unified Iraq and we will conduct a referendum on secession this year
Since 2017-03-25 at 10:28 (Baghdad time) Baghdad Mawazine News The head of the Kurdistan Regional Government, Nechirvan Barzani, announced a referendum on self-determination this year and that something under the name of a unified Iraq does not exist.
"Without a doubt, the situation in Iraq after the end of the Mosul operation will change, and so we call upon America to deal pragmatically with the Kurdish file at this stage," Barzani said in an interview with US Middle East correspondent Trudy Rubin.
He added that "the Kurdistan region is coming to the referendum this year without any doubt, and gave citizens the mandate for independence will go by, and will see the international community what the citizens of the Kurdistan region."
He pointed out that "the province of Kurdistan will not return to square one in the relationship with Baghdad, Iraq before Mosul is very different to the next," adding, "We want serious discussion with Baghdad until we reach a final solution."
As for Turkey's position on the independence of Kurdistan, Barzani said: "Officially this has not been discussed, but he said," Ankara is ready to listen. "
On the deployment of US forces in the Kurdistan region, Barzani saw that "the Kurdish leadership does not mind the presence of these forces, and believes there should be a headquarters." a
Kauaihn Economic Times:
GLOBAL/ NEWS/ INFO
Jim Willie Issues ALERT: Path to Global Currency Reset Begins HERE AND NOW
OIL/COMMODITIES/ENERGY
Gold slips as markets await US health care vote
Gold prices edged lower on Friday against a backdrop of a rising dollar.
Read more: http://www.cnbc.com/id/
Oil edges up as Saudis cut supplies to US, but global glut remains
Oil prices edged up on Friday, supported by a fall in Saudi exports to the United States.
Read more: http://www.cnbc.com/id/
Crude oil breaks 4-day losing streak after Saudis slash exports to U.S.
MarketWatch
Crude oil prices are breaking a four-day losing streak on Friday, heading higher after OPEC kingpin Saudi Arabia said they’ve slashed exports dramatically to the U.S. Read the full story
BANK/BANKING
Russia Central Bank Unexpectedly Cuts Key Rate, Signals More Reduction
RTTNews
Russia's central bank unexpectedly reduced its key interest rate on Friday, after holding it steady for three sessions in a row, and said it could lower it further as inflation slowdown was faster-than-expected amid an economic recovery though risks remain elevated. Read the full story
ECB eyes Brexit as opportunity for EU to take banking business from City
City A.M.
The chief economist of the European Central Bank (ECB) has said Brexit presents an opportunity for Europe to become a bigger player in the global financial system. Brexit does not pose a risk to financial stability, Peter Praet said in an interview with German website VDI Nachrichten, but the Eurozone’s financial centres could “play a more prominent role” in the global financial system once the UK has left. Cities such as Frankfurt, Paris, and Dublin have all made it clear they want to take some Read the full story
The decline and fall of bank credit
Livemint
Bank credit growth, the bedrock of funding for the Indian economy, is at a historic low and this year, it will probably lag gross domestic product (GDP) growth for the first time in decades. While this has caused enough anxiety, not many are losing sleep over it and certainly not the investors. Read the full story
Investment banking in Asia no home run for Wall Street
Livemint
Hong Kong: America, one; Europe, nil. Read the full story
Forex: Central Bank injects fresh $100 million into interbank market
Premium Times
"We the dealers are anxious to dispose whatever we have at our disposal, because we do not want to suffer a loss." Read the full story
Asian markets closed mixed on Friday, as key health care vote in the U.S. was delayed.
Read more: http://www.cnbc.com/id/
CURRENCIES
Oil tightens Grip Around Currency Market
Oil and Gas People
Oil is re-asserting its stranglehold on the currencies of energy producers. After ignoring volatile crude prices for most of the year, the currencies of Norway and Canada are succumbing to a selloff that has knocked 12% off the value of their biggest export this month. Russia’s ruble, a favorite destination of carry traders using borrowed dollars to invest in higher-yielding assets, has proved more resilient. “In the past few months, oil prices had taken the backseat, with shifts in Read the full story
Dollar edges up after worst run vs yen since 2010, health-care vote eyed
The dollar edged up against the yen on Friday, recovering from its worst run of daily losses versus the safe-haven currency since 2010.
Read more: http://www.cnbc.com/id/
Forex - Dollar index turns lower amid U.S. political woesInvesting.com
Dollar erases gains as U.S. healthcare vote approaches Read the full story
Forex - Dollar index little changed after tepid U.S. dataInvesting.com
© Reuters. Dollar holds steady vs. rivals with healthcare bill on tap Read the full story
Dollar loses ground against euro after upbeat eurozone PMI data
MarketWatch
The U.S. dollar weakens against the euro on Friday and looks on pace to post a third straight weekly drop, ahead of a vote on a Republican health-care bill that Read the full story
Pound to euro exchange rate UPDATE: Sterling PLUMMETS again after retail sales spike
Daily Star
THE POUND has dipped against the euro after it soared yesterday after reports of a UK retail sales surge. Yesterday holidaymakers and investors looked on with glee as the pound to euro exchange rate went from €1.14669 to €1.16103 in just a few days. The pound jumped 0.5% after the Office for National Statistics reported that UK retail sales grew by 1.4% in February. But at around 9.30am this morning the pound began to plummet again, hitting lows of €1.15619. The current exchange rate is €1.15654 Read the full story
Pound to euro exchange rate - sterling maintains recovery after retail sales BOOST
Express
Pound sterling has held onto its spike against the euro after UK retail sales data smashed forecasts. GBP is buying €1.16 after soaring from weekly lows of €1.14 against the euro. The pound was bolstered by encouraging retails sales data released yesterday. Read the full story
Antipodean Currencies Fall Amid Oil Prices Slide
RTTNews
Antipodean currencies such as the Australian and the New Zealand dollars weakened against their major counterparts in the Asian session on Friday, as crude oil prices fell amid concerns that the OPEC's supply quota plan will not alleviate the global supply glut. Read the full story
NZ dollar little changed as investors await US vote
Scoop
March 24 (BusinessDesk) - The New Zealand dollar was little changed on the week and continues to tread water as investors wait to see if the US repeals and replaces the Affordable Care Act known as Obamacare, now viewed as a barometer on whether ... Read the full story
Rupee opens marginally higher against US dollar
Livemint
Mumbai: The Indian rupee on Friday was trading marginally higher against the US dollar in the opening trade. Read the full story
USA
Treasury Sec Mnuchin says will try to get 'comprehensive' tax reform done by Congress' August recess
Treasury Secretary Steven Mnuchin said on Friday that he will push for "comprehensive" tax reform by Congress' August recess, according to Reuters.During an Axios event in Washington, D.C., the Treasury secretary said that President Donald Trump's objective for tax reform is a tax cut for the middle class, not the top one percent. Mnuchin said the tax plan will be comprehensive, including both personal and corporate tax reform.
http://www.cnbc.com/2017/03/
|
Saturday, March 25, 2017
Word on the Street Saturday 3/25/17
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment