Word on the Street Thursday 4/27/17:
Forex Rates:
| USD/IQD | | | 1,140.2000 | 1,138.8000 | 1,138.8000 | | 07:07 |
| USD/VND | | | 22,360.0000 | 22,343.0000 | 22,343.0000 | | 07:07 |
| USD/CNY | | | 6.9055 | 6.8706 | 6.8924 | | 07:08 |
| USD/KWD | | | 0.3039 | 0.3034 | 0.3039 | | 03:35 |
| GBP/USD | | | 1.2911 | 1.2842 | 1.2848 | | 07:08 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 13,321.0000 | 13,252.0000 | 13,255.0000 | | 07:08 |
CNBC Link: http://www.cnbc.com/markets/
CNBC Morning Squawk Link:
DC NY Iraq Articles:
Iraq regains its membership in the World Meteorological Organization (WMO)
Release date: 2017/4/26 13:02 • 2 times read
(Baghdad: Al Furat News) The Ministry of Transport, received a letter from the World Meteorological Organization, including a notice lifting the embargo on the membership of Iraq in the organization, giving Iraq the right to run for the top positions in the organization.
A statement of the ministry received a copy of the agency, "the Euphrates News," a copy of it, the Minister of Transport Kazemn cup pigeons as saying that "the Commission received a message through the Permanent Representative of Iraq to the Organization, Assistant Director General of the Commission Thaer Hussein includes the decision to restore the full membership of Iraq, including the right to vote and to run for membership Technical committees, the Executive Council and the General Secretariat of the Organization ".
He pointed out that "this achievement came after a series of follow-up and great efforts by the Director General of the Commission on the owner and his assistant Thaer Hussein," pointing out that "the ongoing contacts with the Secretary-General to give Iraq the opportunity to arrange the financial situation for the purpose of repaying debts accumulated ten years ago" .
He praised the Minister of Transport "this great achievement and a major step towards the progress and prosperity of the Air Conditioning Authority and staff of the Commission," calling them "pay and reconciliation in their work to serve the great Iraq."
He pointed out that "this achievement came after a series of follow-up and great efforts by the Director General of the Commission on the owner and his assistant Thaer Hussein," pointing out that "the ongoing contacts with the Secretary-General to give Iraq the opportunity to arrange the financial situation for the purpose of repaying debts accumulated ten years ago" .
He praised the Minister of Transport "this great achievement and a major step towards the progress and prosperity of the Air Conditioning Authority and staff of the Commission," calling them "pay and reconciliation in their work to serve the great Iraq."
KIRKUK - Oil pipeline explosion
Date of release: 2017/4/26 10:12 • 154 times read
{Baghdad: Al-Furat News} One of the oil pipelines in Kirkuk province was bombed, early Wednesday morning, and the fire was not yet controlled.
"An oil pipeline exploded on Wednesday between the villages of Derki Arabs and Sartkah in the area of Sarkran, which resulted in the escalation of the year of fire from them," said Brigadier Sarhad Kadir, director of Kirkuk district police.
"There are now attempts to put out the fire, and it is expected to be fully controlled this evening.
"There are now attempts to put out the fire, and it is expected to be fully controlled this evening.
Kurdish leader calls Baghdad to lodge a complaint with the Security Council against Turkey for bombing Sinjar
Release Date: 2017/4/26 8:30 • 59 times read
The leader of the Kurdish People's Democratic Front (KDP), Mohammad Kayani, called on the Iraqi government to file a complaint in the Security Council against Turkey for its repeated violations of Iraqi sovereignty, the latest of which was the bombing of the Jabal Sinjar area yesterday morning, which resulted in the death of a number of civilians.
"At a time when we condemn the brutal Turkish attack on the Sinjar and Rogava areas, which resulted in the death of a number of civilians, we believe that the Iraqi government should have a firm stance towards this attack, which is a violation of Iraqi sovereignty," Kayani said in a statement. "And expressed his regret for" the lack of a clear position of the Iraqi government towards these serious violations and systematic killing of Iraqi civilians. "
He pointed out that "there is a heavy presence of Turkish forces inside Iraq and is about to penetrate deep into the Iraqi territory pretexts and arguments are weak, the Turkish scheme is not only targeting the existence of the PKK, but aims to control the area, which is called the mandate of Mosul according to the Ottoman term, which includes Kirkuk, Erbil and Sulaymaniyah And even Diyala. "
"There is complicity by some Iraqi political forces with the Turkish orientations to serve their partisan and factional interests, and the Iraqi government assumes that the forces cooperating with Turkey, whether within the Kurdistan region or in the rest of Iraq, should be held accountable and have a clear position towards the presence of Turkish forces not only in Baiska But in every part of the Iraqi territory, especially in the Kurdistan region, and must be at the level of responsibility in the maintenance of national sovereignty and the protection of civilians from this repeated Turkish aggression.
"The need for the Iraqi government and the Ministry of Foreign Affairs to lodge a complaint in the UN Security Council against repeated violations and attacks by Turkey, and to take all preparations to address the Turkish aggression, and this needs to mobilize popular, with the need to lift some of personal interests narrow.
He pointed out that "there is a heavy presence of Turkish forces inside Iraq and is about to penetrate deep into the Iraqi territory pretexts and arguments are weak, the Turkish scheme is not only targeting the existence of the PKK, but aims to control the area, which is called the mandate of Mosul according to the Ottoman term, which includes Kirkuk, Erbil and Sulaymaniyah And even Diyala. "
"There is complicity by some Iraqi political forces with the Turkish orientations to serve their partisan and factional interests, and the Iraqi government assumes that the forces cooperating with Turkey, whether within the Kurdistan region or in the rest of Iraq, should be held accountable and have a clear position towards the presence of Turkish forces not only in Baiska But in every part of the Iraqi territory, especially in the Kurdistan region, and must be at the level of responsibility in the maintenance of national sovereignty and the protection of civilians from this repeated Turkish aggression.
"The need for the Iraqi government and the Ministry of Foreign Affairs to lodge a complaint in the UN Security Council against repeated violations and attacks by Turkey, and to take all preparations to address the Turkish aggression, and this needs to mobilize popular, with the need to lift some of personal interests narrow.
Iraq is likely to be satisfied with gas in 2019
Baghdad - Journal News
Iraq's oil ministry said it was keen to invest more gas associated with oil extraction operations in addition to the investment of gas located in the ground.
A spokesman for the Ministry of Oil Assem Jihad, "The Journal News" on Wednesday, "The Ministry of Oil announced the licenses for the development of this important sector through the invitation of international companies have been concluded contracts with respect to gas located in the ground, crutches fields in the West and Mansuriyah Diyala and Siba in the province of Basra. "
He added: "With regard to gas associated with it is the biggest weight in the Iraqi gas wealth, especially that Iraq has made important steps in this direction through the establishment of the Gas Company of Basra, which is investing gas from three oil fields in the south of the country and thus the ministry has been able to achieve important steps Self-sufficiency of liquid gas, which reached the production of Iraq about 6 thousand tons per day and the export of the surplus part of it. "
He pointed out that "Iraq has taken important steps in the evasion of dry gas and it is hoped that the production of it in the coming years to achieve good equations to reach self-sufficiency."
"The project of constructing three gas collection complexes and converting it into dry gas has been studied with means and condensates in the governorates of Basrah, Maysan and Nasiriyah."
He pointed out that "Iraq is seeking in addition to the development of gas and the establishment of petrochemical plants in a move to strengthen the important wealth in the country."
He explained that "the oil minister announced that after 2019 Iraq will declare self-sufficiency of gas through the production of large rates of dry gas, which supplies power plants and petrochemical plants in addition to liquid gas and condensates that enter the chemical industry, Iraq has achieved qualitative leaps in national production In this context in recent years.
Sheikh Hamoudi calls on the international community to put an end to Erdogan and his aggression against Iraq
Date of release: 2017/4/27 12:11 • 35 times read
(Baghdad: Al-Furat News) Member of the Presidency of the House of Representatives Sheikh Hamam Hamoudi called on the international community to put an end to the policy of Turkish President Recep Tayyip Erdogan.
Sheikh Hamoudi, according to a statement of his office received the agency {Euphrates News} a copy of it, during a meeting with the Indian Ambassador to Iraq Pradip Singh, "the excesses of Turkish President Recep Tayyip Erdogan, the ongoing attack on Sinjar, and described the latter as a terrorist organization as a terrorist organization, The country by insisting on the presence of military forces in Mosul, but come to humiliate, publicly, international norms and laws and the principles of good neighborliness. "
"There is an Iraqi consensus to condemn the Turkish president's policy towards the country, and a popular and official demand for the Arab and international communities to take responsibility with the Iraqi government and people and put an end to Erdogan's continuous harassment," he said.
"Erdogan is trying to stimulate the patriotism of his countrymen and appears to be the only man defending their interests," he said.
Sheikh Hamoudi and the Indian ambassador agreed "on the priority of investment between the two countries, especially through Basra, as the province is witnessing an attractive environment for investors and businessmen in general in addition to the rest of the provinces." He called on the media and Indian academic figures to come to Iraq and highlight the real situation of the country.
For his part, the Indian ambassador said "his country is looking forward to a close period that is witnessing the signing of agreements in the field of health, trade, agriculture and training
http://translate.
"There is an Iraqi consensus to condemn the Turkish president's policy towards the country, and a popular and official demand for the Arab and international communities to take responsibility with the Iraqi government and people and put an end to Erdogan's continuous harassment," he said.
"Erdogan is trying to stimulate the patriotism of his countrymen and appears to be the only man defending their interests," he said.
Sheikh Hamoudi and the Indian ambassador agreed "on the priority of investment between the two countries, especially through Basra, as the province is witnessing an attractive environment for investors and businessmen in general in addition to the rest of the provinces." He called on the media and Indian academic figures to come to Iraq and highlight the real situation of the country.
For his part, the Indian ambassador said "his country is looking forward to a close period that is witnessing the signing of agreements in the field of health, trade, agriculture and training
The Independent: Found 500 million US dollars in cash put in 23 bags at Baghdad airport would pay ransom from Qatar in exchange for the release of 24 citizens, the majority of the ruling family
http://translate.
LONDON - A $ 500 million cash claim would have been paid in ransom.
"Iraqi security forces found at Baghdad airport the largest amount of cash, estimated at 500 million US dollars, put in 23 bags," says writer Patrick Cobren.
He said the ransom was supposed to have been offered by Qatari officials in exchange for the release of 24 Qatari nationals, the majority of them from the ruling family, as well as Saudis who were on a falconry trip in southern Iraq when they were abducted by Shiite militia 16 months ago.
The writer pointed out that the Independent had seen a secret letter sent by the Iraqi Prime Minister Haider Abadi revealed the story of the ransom worth 500 million US dollars.
Abadi said in the document that Qatar had asked the Iraqi government permission to land a plane at Baghdad International Airport on April 15 to transport the released Qataris, adding that officials at the airport "were surprised to have 23 heavy bags containing funds appeared without prior consent or knowledge "He said.
"The officials at the airport alerted to the existence of funds after putting these bags on the X-ray machine."
"The Qatari ambassador to Iraq and a special envoy of Qatari Emir Sheikh Tamim bin Hamad bin Khalifa al-Thani were aboard the plane, but they did not ask for diplomatic immunity.
"They do not seem to have asked because they think the hijackers or their spies have self-employed people at the airport and they will take over the money," he says.
Kauaihn Iraq Articles:
For the first time .. 100 million dollars Kuwaiti grant for the reconstruction of liberated areas in Iraq
26-04-2017 12:55 PM
The Euphrates -
Kuwait has approved a $ 100 million grant to Iraq to support humanitarian projects and reconstruction efforts in areas restored from a pro-Western organization, the Iraqi Reconstruction Fund said.
The grant is Kuwait's first financial aid to Iraq since the Iraqi invasion of Kuwait in 1990.
A spokeswoman for the Iraqi Reconstruction Fund said in a statement on behalf of the fund that officials from both countries signed the grant agreement in Kuwait. The grant is an encouraging start to further cooperation between Iraq and Kuwait. The aim of the funding is to rebuild the cities and areas recovered from the Da'ash organization, which announced the succession in Iraq and Syria in 2014
The grant is Kuwait's first financial aid to Iraq since the Iraqi invasion of Kuwait in 1990.
A spokeswoman for the Iraqi Reconstruction Fund said in a statement on behalf of the fund that officials from both countries signed the grant agreement in Kuwait. The grant is an encouraging start to further cooperation between Iraq and Kuwait. The aim of the funding is to rebuild the cities and areas recovered from the Da'ash organization, which announced the succession in Iraq and Syria in 2014
Hakim warns of the collapse of public money
Baghdad Journal News
The Iraqi National Alliance chairman, Ammar al-Hakim, discussed with the Governor of Baghdad, Atwan al-Atwani, the file of services in the capital, while calling for the application of the law to preserve public and private money.
Hakim's office said in a statement that "Ammar al-Hakim, head of the National Alliance, received in his office, the governor of Baghdad Atwan al-Atwani."
Hakim discussed with Al-Atwani the "service and administrative reality", stressing "the concerted efforts of all to serve the capital Baghdad, especially cooperation with the Secretariat of Baghdad."
"The corruption is weak if it reveals its political cover, but it also requires clarity in laws and legislation, which requires communication with the local government and the parliament," Hakim said.
Iranian - Iraqi confirmation of medical cooperation between the two countries
BAGHDAD, April 26 (IranMania) - Iranian Health Minister Sayyed Hassan Qazi Zadeh Hashmi and Iraqi Prime Minister Adilah Hammoud met Wednesday in Baghdad to express their desire to develop their drug cooperation.
He called for the implementation of previous agreements in the fields of medicine and treatment.
The minister pointed to the implementation of a section of the agreements signed between the two countries, while the agreements have not been implemented so far; stressing the need to implement the remaining part of these agreements, in view of the keenness of both sides.
Qazi Zadeh Hashmi pointed to the potential and medical potentials in Iran, looking forward to the use of these energies and removing the obstacles that hinder the further consolidation of cooperation between the two countries in the relevant fields.
The Iranian health minister expressed his hope to put an end to the suffering of the Iraqi people after the implementation of the final stages of the war against Iraq against terrorism.
In another aspect of his remarks, Qazi praised the role of the ambassadors of the two countries in promoting bilateral relations and consolidating them. In the same context, he referred to his meeting with his Iraqi counterpart, which coincided with the first days of the tasks of the new Iranian ambassador to Iraq, Erj Musjedi.
The Iraqi Minister of Health, Adila Hammoud, valued the Islamic Republic's assistance and its steadfastness to the Iraqi people under the current sensitive circumstances.
The Iranian officials will spare no effort to help Iraq's people and government and as soon as they are quick to help Iraq in the face of sensitive circumstances.
The Iraqi minister stressed the need to remove all obstacles from the course of medical cooperation between the two countries, indicating that this will enhance areas of bilateral cooperation.
Adila Hammoud praised Iran's valuable expertise in medicine, stressing that Iraq would like to benefit from these experiments;
Calling on large Iranian companies to produce medicines in Iraq.
The Iranian health minister arrived in Baghdad on Tuesday to meet with his Iraqi counterpart and attend the exhibition of specialized medical equipment in Iran in Baghdad.
Finished ** 2041 /
The minister pointed to the implementation of a section of the agreements signed between the two countries, while the agreements have not been implemented so far; stressing the need to implement the remaining part of these agreements, in view of the keenness of both sides.
Qazi Zadeh Hashmi pointed to the potential and medical potentials in Iran, looking forward to the use of these energies and removing the obstacles that hinder the further consolidation of cooperation between the two countries in the relevant fields.
The Iranian health minister expressed his hope to put an end to the suffering of the Iraqi people after the implementation of the final stages of the war against Iraq against terrorism.
In another aspect of his remarks, Qazi praised the role of the ambassadors of the two countries in promoting bilateral relations and consolidating them. In the same context, he referred to his meeting with his Iraqi counterpart, which coincided with the first days of the tasks of the new Iranian ambassador to Iraq, Erj Musjedi.
The Iraqi Minister of Health, Adila Hammoud, valued the Islamic Republic's assistance and its steadfastness to the Iraqi people under the current sensitive circumstances.
The Iranian officials will spare no effort to help Iraq's people and government and as soon as they are quick to help Iraq in the face of sensitive circumstances.
The Iraqi minister stressed the need to remove all obstacles from the course of medical cooperation between the two countries, indicating that this will enhance areas of bilateral cooperation.
Adila Hammoud praised Iran's valuable expertise in medicine, stressing that Iraq would like to benefit from these experiments;
Calling on large Iranian companies to produce medicines in Iraq.
The Iranian health minister arrived in Baghdad on Tuesday to meet with his Iraqi counterpart and attend the exhibition of specialized medical equipment in Iran in Baghdad.
Finished ** 2041 /
In response to the Turkish bombardment .. Iraq: we will not be silent about touching our sovereignty
Baghdad - Journal News
The Iraqi Foreign Ministry said on Wednesday that the Turkish bombing of Sinjar northwest of Nineveh (450 km north of Baghdad), "a flagrant violation of the sovereignty of Iraq, can not be tolerated."
"The government rejects and condemns the Turkish military attack on the northern region of Jabal Sinjar, and it is a flagrant violation of international conventions, treaties and principles of good neighborliness," a foreign ministry statement said.
The statement added that "this act represents an excess of Iraqi sovereignty, and reflects the policy can not be accepted or silent about it," calling on the international community to "take a firm and decisive attitude towards him."
"Iraq will follow all legal, diplomatic and other methods to condemn this attack and ensure that it is not repeated," the statement said.
On Tuesday, Turkish fighter jets bombed Kurdish positions in Sinjar, northwest of Ninewa province, causing great trouble for the governments of Baghdad and Kurdistan.
The Ministry of Peshmerga, yesterday, it opened a wide investigation to find out the causes of the bombing and its motives, especially as the Kurdistan Region does not have any coordination between him and the Turkish side.
New Australian aid to Iraq worth 110 million dollars
Baghdad - Agencies
Australia announced Wednesday that it will provide A $ 110 million in aid over the next three years to Iraq, raising aid to more than $ 530 million.
"A total of $ 110 million in aid will be provided over the next three years to Iraq," Australian Foreign Minister Julie Bishop said in a statement issued by her office.
"This aid will contribute to humanitarian relief and stability in Iraq and will help in the fight against a terrorist organization," she said.
"This aid will increase the total humanitarian assistance provided by Australia to Iraq and Syria to over A $ 530 million since 2014," the statement said.
Kauaihn Economic Times:
ECONOMIC TIMES / CHATTER
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| Mother's Day is Coming!! |
Treasury's Mnuchin: Trump wants 15 percent corporate rate in 'biggest tax cut' in US history
Treasury Secretary Steven Mnuchin confirmed that the tax plan the Trump administration will outline Wednesday afternoon will call for a 15 percent corporate rate.
At anevent hosted by The Hill, Mnuchin — who declined to go into many specifics about the proposal — contended it would be "the biggest tax cut and the largest tax reform in the history of our country." The Treasury secretary did not st a specific goal for when he wants a tax bill to pass, but said "we want to move as fast as we can."
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USN listed on a Hong Kong exchange:
Bitcoin carries digital-currency market capitalization past $30 billion
MarketWatch
The combined market capitalization of all cryptocurrencies tracked by Coin Market Cap surpasses $30 billion for the first time. Read the full story
Bitcoin marches towards all-time high as SEC gives potential second shot to Winklevoss ETF
Optimism is driven by the face that the SEC is reviewing its decision to reject a bitcoin ETF proposed by Cameron and Tyler Winklevoss.
Read more: http://www.cnbc.com/id/
10 Things You (Probably) Didn’t Know About Einstein
National Geographic
Romantic entanglements and political intrigue followed the famous physicist throughout his life, as shown in the 10-part TV series “Genius.” Read the full story
9 things to get rid of to simplify your life — and save money
Mic
Never pay for storage again. Read the full story
Bitcoin carries digital-currency market capitalization past $30 billion
MarketWatch
MarketWatch
The combined market capitalization of all cryptocurrencies tracked by Coin Market Cap surpasses $30 billion for the first time. Read the full story
Bitcoin marches towards all-time high as SEC gives potential second shot to Winklevoss ETF
Optimism is driven by the face that the SEC is reviewing its decision to reject a bitcoin ETF proposed by Cameron and Tyler Winklevoss.
Read more: http://www.cnbc.com/id/
10 Things You (Probably) Didn’t Know About Einstein
National Geographic
National Geographic
Romantic entanglements and political intrigue followed the famous physicist throughout his life, as shown in the 10-part TV series “Genius.” Read the full story
9 things to get rid of to simplify your life — and save money
Mic
Mic
Never pay for storage again. Read the full story
OIL / COMMODITIES / ENERGY
Gold prices settle at lowest level in more than 2 weeks
MarketWatch
Gold futures fell Tuesday, with prices settling at their lowest level in more than two weeks as gains in U.S. and European equities dulled investment demand for the precious metal. June gold fell $10.30, or 0.8%, to settle at $1,267.20 an ounce. That was the lowest finish since April 10, according to FactSet data. Read the full story
Gold falls for a 3rd straight session as the dollar firms ahead of tax-plan unveiling
MarketWatch
Gold futures on Wednesday trade around the lowest level in just over two weeks, falling for a third straight session as the dollar firms, bond yields rise and stocks look to cautiously climb above records. Read the full story
Gold ticks higher, but more losses expected
Gold recovered on Wednesday as speculators locked in some profit from recent losses, but some analysts expect further weakness due to easing political risks.
Read more: http://www.cnbc.com/id/
Oil falls on bulging U.S. crude inventories, record global supplies
Reuters
Oil prices resumed their downward trend on Wednesday as data showed a rise in U.S. crude inventories and record supplies in the rest of the world cast doubt on OPEC's ability to cut supplies and tighten the market. Read the full story
Oil prices slip again as U.S. supply worries resurface
MarketWatch
Oil prices are hovering under $50 a barrel after an industry group shows U.S. oil and gasoline inventories rose last week. Read the full story
BANKS / BANKING
When Big Banks Go Bad: The 9 Largest Bank Settlements of All Time
The Motley Fool
Over the past decade, big banks have shelled out record settlements for wrongdoings. Here's why. Read the full story
Central Banks = Trading Derivatives At The CME?
ValueWalk
It Sure Seems Like it ******************************
Wells Fargo board members re-elected amid anger over unauthorized accounts
USA TODAY
Members of Wells Fargo's board won re-election despite opposition from investors who demanded a broad ouster Read the full story
10 Things You Didn't Know About Bank of America
The Motley Fool
Do you know what Bank of America's original name was? Read the full story
Lloyds appointed a former judge to review its handling of a huge fraud case (LLOY)
Business Insider UK
Thomson Reuters LONDON - Lloyds Banking Group on Wednesday said it had appointed retired high court judge Linda Dobbs to review its own handling of a fraud at the Reading branch of its HBOS unit for which six people were jailed earlier this year. Dobbs will be tasked with assessing whether the bank properly investigated the fraud and reported it to authorities, following the acquisition of HBOS by Lloyds in January 2009 through to the conclusion of the criminal trial this year. Lloyds also Read the full story
Big Banks Have 15% Upside, Credit Suisse Says
Investopedia
Credit Suisse is bullish on big bank stocks for 2017. Read the full story
Credit Suisse plans to raise about £3bn and cancels Swiss IPO plans
The Independent
Credit Suisse will raise SFr4bn (£3.1bn) in a rights offer and abandoned plans to sell part of its Swiss business as Chief Executive Officer Tidjane Thiam moved to end concerns about the bank’s capital levels. Read the full story
China's central bank injects cash into money market
POST Online Media
China's central bank continued cash injections into the money market through open market operations on Tuesday to ease liquidity. The People's Bank of China (PBOC) conducted 80 billion yuan (11.6 billion U.S. dollars) of reverse repos, resulting in a net 40 billion yuan added to the market, as 40 billion yuan of previ... Read the full story
OIL / COMMODITIES / ENERGY
Gold prices settle at lowest level in more than 2 weeks
MarketWatch
MarketWatch
Gold futures fell Tuesday, with prices settling at their lowest level in more than two weeks as gains in U.S. and European equities dulled investment demand for the precious metal. June gold fell $10.30, or 0.8%, to settle at $1,267.20 an ounce. That was the lowest finish since April 10, according to FactSet data. Read the full story
Gold falls for a 3rd straight session as the dollar firms ahead of tax-plan unveiling
MarketWatch
MarketWatch
Gold futures on Wednesday trade around the lowest level in just over two weeks, falling for a third straight session as the dollar firms, bond yields rise and stocks look to cautiously climb above records. Read the full story
Gold ticks higher, but more losses expected
Gold recovered on Wednesday as speculators locked in some profit from recent losses, but some analysts expect further weakness due to easing political risks.
Read more: http://www.cnbc.com/id/
Oil falls on bulging U.S. crude inventories, record global supplies
Reuters
Oil prices resumed their downward trend on Wednesday as data showed a rise in U.S. crude inventories and record supplies in the rest of the world cast doubt on OPEC's ability to cut supplies and tighten the market. Read the full story
Oil prices slip again as U.S. supply worries resurface
MarketWatch
MarketWatch
Oil prices are hovering under $50 a barrel after an industry group shows U.S. oil and gasoline inventories rose last week. Read the full story
BANKS / BANKING
When Big Banks Go Bad: The 9 Largest Bank Settlements of All Time
The Motley Fool
The Motley Fool
Over the past decade, big banks have shelled out record settlements for wrongdoings. Here's why. Read the full story
Central Banks = Trading Derivatives At The CME?
ValueWalk
ValueWalk
It Sure Seems Like it ******************************
Wells Fargo board members re-elected amid anger over unauthorized accounts
USA TODAY
USA TODAY
Members of Wells Fargo's board won re-election despite opposition from investors who demanded a broad ouster Read the full story
10 Things You Didn't Know About Bank of America
The Motley Fool
The Motley Fool
Do you know what Bank of America's original name was? Read the full story
Lloyds appointed a former judge to review its handling of a huge fraud case (LLOY)
Business Insider UK
Business Insider UK
Thomson Reuters LONDON - Lloyds Banking Group on Wednesday said it had appointed retired high court judge Linda Dobbs to review its own handling of a fraud at the Reading branch of its HBOS unit for which six people were jailed earlier this year. Dobbs will be tasked with assessing whether the bank properly investigated the fraud and reported it to authorities, following the acquisition of HBOS by Lloyds in January 2009 through to the conclusion of the criminal trial this year. Lloyds also Read the full story
Big Banks Have 15% Upside, Credit Suisse Says
Investopedia
Investopedia
Credit Suisse is bullish on big bank stocks for 2017. Read the full story
Credit Suisse plans to raise about £3bn and cancels Swiss IPO plans
The Independent
The Independent
Credit Suisse will raise SFr4bn (£3.1bn) in a rights offer and abandoned plans to sell part of its Swiss business as Chief Executive Officer Tidjane Thiam moved to end concerns about the bank’s capital levels. Read the full story
China's central bank injects cash into money market
POST Online Media
POST Online Media
China's central bank continued cash injections into the money market through open market operations on Tuesday to ease liquidity. The People's Bank of China (PBOC) conducted 80 billion yuan (11.6 billion U.S. dollars) of reverse repos, resulting in a net 40 billion yuan added to the market, as 40 billion yuan of previ... Read the full story
TREASURIES/ BONDS/ STOCKS
World stocks hit record high as corporate America shines
Reuters
World stocks hit a record high on Wednesday after strong earnings and the prospect of tax cuts for corporate America pushed U.S. shares to stratospheric levels and the euro held on to recent gains as political concerns in France ebbed. Read the full story
The bond market is sitting next to a sleeping tiger — the Federal Reserve
MarketWatch
The Federal Reserve will have to be more aggressive on interest rates than the bond market expects, said Jan Hatzius, chief economist at Goldman Sachs in a recent note. Read the full story
The Nasdaq just set a major stock-market milestone
MarketWatch
The Nasdaq Composite Index on Tuesday hits a major milestone: surpassing Nasdaq 6,000, amid a broad-market rally. Read the full story
TREASURIES/ BONDS/ STOCKS
World stocks hit record high as corporate America shines
Reuters
Reuters
World stocks hit a record high on Wednesday after strong earnings and the prospect of tax cuts for corporate America pushed U.S. shares to stratospheric levels and the euro held on to recent gains as political concerns in France ebbed. Read the full story
The bond market is sitting next to a sleeping tiger — the Federal Reserve
MarketWatch
MarketWatch
The Federal Reserve will have to be more aggressive on interest rates than the bond market expects, said Jan Hatzius, chief economist at Goldman Sachs in a recent note. Read the full story
The Nasdaq just set a major stock-market milestone
MarketWatch
MarketWatch
The Nasdaq Composite Index on Tuesday hits a major milestone: surpassing Nasdaq 6,000, amid a broad-market rally. Read the full story
CURRENCIES
Forex - Dollar edges higher with eyes on Trump tax announcementInvesting.com
© Reuters. Dollar moves slightly higher ahead of Trump tax news Read the full story
CURRENCIES
Forex - Dollar edges higher with eyes on Trump tax announcementInvesting.com
© Reuters. Dollar moves slightly higher ahead of Trump tax news Read the full story
Forex - Canadian dollar slumps to 14-month lows on trade fearsInvesting.com
© Reuters. Canadian dollar slumps to 14-month lows on mounting trade dispute fears Read the full story
Loonie, peso fall on fears of U.S. trade war
CNBC
U.S. tariffs on Canadian lumber hit the currency market but analysts say it doesn't yet signal a broader trade war. Read the full story
Pound v Australian dollar: GBP at three-month HIGH as inflation misses expectations
Express
THE pound surged against the Australian dollar this morning as markets were disappointed by Australia’s latest inflation figures. The GBP/AUD exchange rate jumped to AU$1.710 this morning, with the pound up 0.43 per cent from levels of AU$1.703 before the inflation data was published and around two cents higher than the low of AU$1.689 the pairing struck yesterday. Read the full story
Pound to euro exchange rate: Sterling PLUMMETS - is THIS overseas issue the reason why?
Express
POUND STERLING has fallen drastically since midday yesterday. The pound is weaker agains the euro exchange rate with 1 GBP to 1.72 euros. The Post Office exchange rate today is 1.1496 for £400 or more and 1.1687 for £500 or more. The pound faced a massive dip against the euro around midday yesterday, plummeting from 1.1780 to 1.735. Read the full story
Aussie Falls As Australia CPI Rises Less-than-expected
RTTNews
The Australian dollar weakened against the other major currencies in the Asian session on Wednesday, after data showed that the nation's consumer price rose less than expected in the first quarter of 2017. Read the full story
Forex - Aussie flat in early Asia with CPI data aheadInvesting.com
© Reuters. Aussie flat Read the full story
Rupee strengthens past 64 mark against US dollar
Livemint
Mumbai: The Indian rupee on Wednesday strengthened past the 64 mark against the US dollar, tracking the gains in the global equity markets. Read the full story
Dollar-Rupee Long-Term Outlook Bearish After 64 Breached: Chart
Bloomberg
The U.S. dollar may decline further against the Indian rupee after falling below 64 for the first time since 2015, according to a technical analysis known as the Andrews’ Pitchfork. The breach of the lower line signals that the longer-term outlook for the currency pair has turned bearish. On the other hand, the dollar’s gain above the upper line in August 2013 didn’t last long, suggesting that the current decline may also trigger a relief rally in the greenback. Read the full story
USA
Loonie, peso fall on fears of U.S. trade war
CNBC
CNBC
U.S. tariffs on Canadian lumber hit the currency market but analysts say it doesn't yet signal a broader trade war. Read the full story
Pound v Australian dollar: GBP at three-month HIGH as inflation misses expectations
Express
Express
THE pound surged against the Australian dollar this morning as markets were disappointed by Australia’s latest inflation figures. The GBP/AUD exchange rate jumped to AU$1.710 this morning, with the pound up 0.43 per cent from levels of AU$1.703 before the inflation data was published and around two cents higher than the low of AU$1.689 the pairing struck yesterday. Read the full story
Pound to euro exchange rate: Sterling PLUMMETS - is THIS overseas issue the reason why?
Express
Express
POUND STERLING has fallen drastically since midday yesterday. The pound is weaker agains the euro exchange rate with 1 GBP to 1.72 euros. The Post Office exchange rate today is 1.1496 for £400 or more and 1.1687 for £500 or more. The pound faced a massive dip against the euro around midday yesterday, plummeting from 1.1780 to 1.735. Read the full story
Aussie Falls As Australia CPI Rises Less-than-expected
RTTNews
RTTNews
The Australian dollar weakened against the other major currencies in the Asian session on Wednesday, after data showed that the nation's consumer price rose less than expected in the first quarter of 2017. Read the full story
Forex - Aussie flat in early Asia with CPI data aheadInvesting.com
© Reuters. Aussie flat Read the full story
Rupee strengthens past 64 mark against US dollar
Livemint
Livemint
Mumbai: The Indian rupee on Wednesday strengthened past the 64 mark against the US dollar, tracking the gains in the global equity markets. Read the full story
Dollar-Rupee Long-Term Outlook Bearish After 64 Breached: Chart
Bloomberg
Bloomberg
The U.S. dollar may decline further against the Indian rupee after falling below 64 for the first time since 2015, according to a technical analysis known as the Andrews’ Pitchfork. The breach of the lower line signals that the longer-term outlook for the currency pair has turned bearish. On the other hand, the dollar’s gain above the upper line in August 2013 didn’t last long, suggesting that the current decline may also trigger a relief rally in the greenback. Read the full story
USA
Lumber fight with Canada could raise home prices
USA TODAY
USA TODAY
A decades-long trade dispute between the United States and Canada has reemerged, possibly affecting new home prices and triggering concerns of brewing tension. Read the full story
Congress moves closer to deal to avert U.S. government shutdown
Reuters
Reuters
The U.S. Congress was moving closer to crafting a deal to avoid shutting down at the stroke of midnight on Friday, but the details and even broad strokes of an agreement were still murky. Read the full story
Trump’s Tax Plan: Low Rate for Corporations, and for Companies Like His
The New York Times
The New York Times
The blueprint, expected to be announced on Wednesday, jettisons a House Republican proposal to impose a tax on imports, which would help offset the cuts. Read the full story
EMERGING MARKETS
Emerging Markets Today: Eastern Europe On The Rise
Barron's
Barron's
Emerging Markets Daily A number of exchange-traded funds invested in emerging markets are hitting new 52-week highs today, and funds invested in Poland, Nigeria, Greece and the Philippines are up more than 2% in midday trading. With the French presidential election runoff favoring Emmanuel Macron over far-right candidate, Marie Le Pen, who might challenge the unity of the European Union, Eastern European investments are the biggest winners this week: the VanEck Vectors Poland ETF (PLND) is up 7% Read the full story
Direxion Daily Emerging Markets Bear 3X Shares Has Returned 30.0% Since SmarTrend Recommendation (EDZ)
SmarTrend News
SmarTrend News
SmarTrend identified a Downtrend for Direxion Daily Emerging Markets Bear 3X Shares (NYSE:EDZ) on January 5th, 2017 at $23.12. In approximately 4 months, Direxion Daily Emerging Markets Bear 3X... Read the full story
There's a reason poor countries feel they've lost control of their economies
Business Insider
Business Insider
A low-income neighborhood is seen in Mexico City, July 23, 2015. The increasing integration of global markets and economies, in addition to new technologies that help accelerate the transmission of financial shocks from one region to another, is making it trickier for so-called emerging countries to manage their banking systems. A surge in dollar-denominated bonds in developing economies, and their dependence of the vagaries of the richest nations, leave policymakers in areas like Latin America, Read the full story
MIDDLE EAST
Gulf bourses likely to hold ground Wednesday
Mubasher
By: Mahmoud Gamal Mubasher: The Gulf stock markets are expected to try to hold at their current levels on Wednesday despite lower-than-expected quarterly financials of some companies, in line with the rise of global stocks to record highs, … Read the full story
MIDDLE EAST
Gulf bourses likely to hold ground Wednesday
Mubasher
Mubasher
By: Mahmoud Gamal Mubasher: The Gulf stock markets are expected to try to hold at their current levels on Wednesday despite lower-than-expected quarterly financials of some companies, in line with the rise of global stocks to record highs, … Read the full story
AFRICA
AFRICA
Nigeria: Emefiele Pledges to Sustain FX Interventions as Reserves Hit $31 Billion
AllAfrica
AllAfrica
(Photo: Chippla) Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, has revealed that the country’s foreign reserves have exceeded $31 billion, a development which he said gives the central bank the firepower to sustain its forays into the foreign exchange market. He also expressed optimism that Nigeria would exit the recession by the end of the second quarter of 2017, or latest by the third quarter of the year. Emefiele made the remarks on Tuesday when he briefed newsmen after a Read the full story
Africa: Why Bank of Uganda Reinforces Regulation of Pan-African Banks
AllAfrica
(Photo: /Daily Nation) To guard against risks that may arise from pan-African banks, Bank of Uganda (BoU) has signed various Memoranda of Understanding (MoU) with supervisors of commercial banks with presence in the country to enable regular and proactive interaction and sharing of information on these institutions. Africa-based banks are expanding across the continent and now dominate the banking sector in many countries. These pan-African banks are establishing cross-border networks and Read the full story
This South Africa Gold Miner Just Launched A Never-Seen Strategy
ValueWalk
Small-scale mining is a growing issue across Africa. With regulators in Ghana this week making their first moves to shut down artisanal operations — part of an emerging campaign against environmental damage. And in Africa’s top gold-producing nation, South Africa, things are getting even more serious. With one of the country’s top miners unveiling a... Read the full story
ASIA
Opinion: Chinese stocks are experiencing the mother of all dead cat bounces
MarketWatch
The Shanghai Composite Index resembles the U.S. tech bubble of 2000, says Ivan Martchev. Read the full story
China banks miss out on U.S. investment banking bonanza
Reuters
As scores of investment bankers profit from the fee bonanza offered by Chinese companies hunting for deals in the United States, one group is conspicuously absent - Chinese banks. Read the full story
Equities in Asia close higher on back of solid US earnings; dollar/yen gains, Trump tax plans eyed
CNBC
Asian markets opened higher on Wednesday, following the rise in U.S. indexes on the back of strong earnings announcements. Read the full story
Africa: Why Bank of Uganda Reinforces Regulation of Pan-African Banks
AllAfrica
AllAfrica
(Photo: /Daily Nation) To guard against risks that may arise from pan-African banks, Bank of Uganda (BoU) has signed various Memoranda of Understanding (MoU) with supervisors of commercial banks with presence in the country to enable regular and proactive interaction and sharing of information on these institutions. Africa-based banks are expanding across the continent and now dominate the banking sector in many countries. These pan-African banks are establishing cross-border networks and Read the full story
This South Africa Gold Miner Just Launched A Never-Seen Strategy
ValueWalk
ValueWalk
Small-scale mining is a growing issue across Africa. With regulators in Ghana this week making their first moves to shut down artisanal operations — part of an emerging campaign against environmental damage. And in Africa’s top gold-producing nation, South Africa, things are getting even more serious. With one of the country’s top miners unveiling a... Read the full story
ASIA
Opinion: Chinese stocks are experiencing the mother of all dead cat bounces
MarketWatch
MarketWatch
The Shanghai Composite Index resembles the U.S. tech bubble of 2000, says Ivan Martchev. Read the full story
China banks miss out on U.S. investment banking bonanza
Reuters
Reuters
As scores of investment bankers profit from the fee bonanza offered by Chinese companies hunting for deals in the United States, one group is conspicuously absent - Chinese banks. Read the full story
Equities in Asia close higher on back of solid US earnings; dollar/yen gains, Trump tax plans eyed
CNBC
CNBC
Asian markets opened higher on Wednesday, following the rise in U.S. indexes on the back of strong earnings announcements. Read the full story
Blessed and Highly Favored:
The bank's information office said in a statement that "the bank distributed the forms related to the payment of ten salaries to the departments of the state," noting that 'the employee who did not get the free form can go to the nearest branch to receive'.
He called on 'anyone who has evidence to prove to anyone who claims to be selling the form filing a legal complaint to the general administration of the bank'.
CBI Update:
The CBI for Thursday, April 27, 2017 did update on the indicative rates and the sell rate for the USD is 1184. The currency auction is 162,103,675. There are two updated news and announcements for Thursday, April 27, 2017 as follows:
1- (Press release) on the occasion Arab today financial inclusion (Board of Governors of the central banks and the Arab Monetary stresses the importance of promoting financial inclusion to achieve sustainable development in the Arab countries)
2- To/Ministry of Commerce/ Companies Registration Department (cancel leave)
ISX Update:
The ISX latest update is Shares Traded is 446,584,355 and Values Traded is 442,408,958. The ISX ended in RED.
UN Operational Rates Update:
The UN Operational Rates will be published on Thursday, April 27, 2017 and will become effective on Saturday, April 29, 2017. Also, there is a 48 hour window on either side of April 29, 2017 for the numbers to be revised and still be official for April 29, 2017 (IMO...Tuesday, May 2, 2017)
Blogs:
ADMINBILL I REMAIN ENCOURAGED AT WHERE WE SIT TODAY AND LOOK FORWARD TO THE BEGINNING OF A NEW PATH. LOOKING BACK IT IS A WONDER SO MANY HAVE REMAINED CONVINCED, AS I AM, THAT THIS WILL SOON BE OVER.
Frank26 What happened last night in our MR (monetary reform) is NOT SEEN yet by many to all...Greatness has already happen...
Frank26 I believe it was on the 10th or 11th of this month...we said...IMO in this month of April...around the 3rd week of April...they are going to start to pay the citizens of Iraq...at a new rate of 1000 to 1.
...last Monday...what did the articles say...well there is a change...we are trying to see if we can get to a 1000 to 1 rate...to be used within the citizens...
...one...of my FRIENDS...has over 500 employees...was instructed by the government of Iraq to start paying all of his 500 employees at a 1000 to 1 rate...and ...the citizens... realize ...wait a minute we are being given power of purchase...I got a whole lot more dinars here and a whole lot less USD...why...because that is the progress of the Monetary Reform.
The IMF and the World Bank meetings in Washington, DC were for the development of the Foreign Reserves of Iraq...and that is more important than anything you can imagine...because it will complete the budget...it is IMO the very last part of the budget...to build the foundation of the Foreign Reserves of the 2017 budget...and it was a commitment by many contractors....or should I say...many countries that have contracts with Iraq...stability in the market for these Foreign Reserves...these currencies are volatile and they were looking for a place to settle...and hence...IMO...that is why we haven’t seen the budget...but I believe it is ready...it is fueled...it is on the launching pad. The Financial Reform IMO is the most important part of the budget...
...there will be no faking when the announcement is made about Mosul...and this is a very big step right now...they are following all of the steps to the Monetary Reform...and many things are falling into place... The timing to me is impeccable...but be fair...their timing is movable...be patient...you looking for a date...be patient...you don’t go international with a program rate...
The BIG Call (via Bruce) Even though it has been relatively quiet today, I can tell you a lot of things are lining up for us for this to go through. Let’s start with Iraq. I can tell you that we know...Prime Minister Abadi was overheard talking with some citizens around Mosul. When he was asked what the rate of the dinar would be in relative to the dollar, he gave a range that was very high for an in country rate for the dinar. It was higher than what the cards have been charged. It would be a remarkable rate to see. I believe that will be the rate of whatever he said it be. The CBI has not shown a rate change. Mosul is the best kept secret. They are doing everything they can except telling us about the liberation of Mosul. When will it be known? I think fairly shortly. If everything goes according to plan of what we have heard from several sources, we heard this is our week.
10 GCR Points To Remember - April 26, 2017
#1) First Basket Currencies will All Revalue at the same time. When one revalues, they all revalue as well. There will be no opportunity to exchange one and then buy more of the other.
#2) All Denominations of the first Basket Currencies will be Honored. This means every size bill, will be exchangeable. This is especially important to know for the ZIM. Importantly, no zeros will be loped of any notes. They will be accepted at face value for exchange, at the rate you agree on.
#3) The Zim "Bearer Checks" will be honored and exchanged even though they have expired.
#4) If you have Zim, you will have a DIFFERENT exchange Procedure that includes exchanging at offsite locations, Including military bases, but not limited to them.
#5) Yes, the zim has a special phone number/ account relationship, but don’t worry, your money is actually in Trusts for added protection and "Trusts" have names and not numbers. The phone number you call to set the appointment, is part of your account info with the bank, but not directly associated with any particular money account. In short it identifies you, like your name identifies you to the bank when you call.
#6) You will not be allowed to bring any electronic items into the exchange such as phone, tablet, computers, calculators, etc. Therefore, have a sheet of paper (Master Sheet) that has all your important information written on it, such as Trust names, address, questions you want to ask, etc., for easy reference.
#7) Bring whatever ID you have, bills, passports, DL, ss card, Birth Certificate, photo IDs etc. Some people will have all the IDs they need, and others may not, but all will be helped anyway. Remember that this is a benevolent plan and they realize that some may not have the IDs they need. The bank will work with you on that.
#8) All countries will have exchanges and will have the "Privately Negotiated Rates" available as well, especially for humanitarian projects.
#9) Banks are NOW the safest place in the World to keep your money. Trust the banks, and trust the plan.
#10) HSBC is the main GCR Bank and will eventually have retail branches everywhere. Just because there is no branch near you now, doesn't mean you can't exchange with them and get an account with them. They will be represented at the Exchange centers, especially for the ZIM.
Bonus:
#11) You should call as soon as possible for your appointment, but once you call, you can set an appointment at a time that works for you. You might have a delay due to travel, work, medical, etc. Set the time to go IN for your appointment. I expect that there will be several days or more to call the first number.
#12) Historical Bonds can be redeemed. Tell the operator what you have (Not amount) when you call the first appointment contact number.
ZAP's Mid-Week Report - The Office of POOFness - 4.26.17
d
Al-Fafidain distributes the ten payment forms to ministries and state institutions
27-04-2017
Rafidain Bank confirmed that the form of the ten-salary advance was distributed to ministries and state institutions by the bank's branches in Baghdad and the provinces.
The bank's information office said in a statement that "the bank distributed the forms related to the payment of ten salaries to the departments of the state," noting that 'the employee who did not get the free form can go to the nearest branch to receive'.
He called on 'anyone who has evidence to prove to anyone who claims to be selling the form filing a legal complaint to the general administration of the bank'.
Central Bank: Iraq is making efforts to get out of the gray zone
Baghdad - Journal News
"The World Bank is waiting for Iraq to complete its studies on projects in order to provide funding," said the governor of the Central Bank of Iraq, adding that Iraq has made great efforts to get out of the gray zone in the classification of the last financial organization.
"The World Bank is waiting for Iraq to complete its studies on projects in order to provide funding," al-Aalak said in a press statement. "The $ 9 million grant for gas extraction is part of a project support plan for the country."
He stressed that "Iraq made great efforts to get out of the gray area in the classification of the Financial Action Organization last," noting that the World Bank imposed conditions on the banks of Iraq to combat (money laundering).
He explained that "Iraq was able, in coordination with the American authorities to prosecute hundreds of financial transactions that are suspected of terrorism."
Kauaihn Chatter:
4-27-2017 Intel Guru Frank26 ...there will be no faking when the announcement is made about Mosul...and this is a very big step right now...they are following all of the steps to the Monetary Reform...and many things are falling into place... The timing to me is impeccable...but be fair...their timing is movable...be patient...you looking for a date...be patient...you don’t go international with a program rate... [post 3 of 3]
4-27-2017 Intel Guru Frank26 The IMF and the World Bank meetings in Washington, DC were for the development of the Foreign Reserves of Iraq...and that is more important than anything you can imagine...because it will complete the budget...it is IMO the very last part of the budget...to build the foundation of the Foreign Reserves of the 2017 budget...and it was a commitment by many contractors....or should I say...many countries that have contracts with Iraq...stability in the market for these Foreign Reserves...these currencies are volatile and they were looking for a place to settle...and hence...IMO...that is why we haven’t seen the budget...but I believe it is ready...it is fueled...it is on the launching pad. The Financial Reform IMO is the most important part of the budget... [post 2 of 3....stay tuned]
4-27-2017 Intel Guru Frank26 The IMF and the World Bank meetings in Washington, DC were for the development of the Foreign Reserves of Iraq...and that is more important than anything you can imagine...because it will complete the budget...it is IMO the very last part of the budget...to build the foundation of the Foreign Reserves of the 2017 budget...and it was a commitment by many contractors....or should I say...many countries that have contracts with Iraq...stability in the market for these Foreign Reserves...these currencies are volatile and they were looking for a place to settle...and hence...IMO...that is why we haven’t seen the budget...but I believe it is ready...it is fueled...it is on the launching pad. The Financial Reform IMO is the most important part of the budget... [post 2 of 3....stay tuned]
4-26-2017 Intel Guru Frank26 I believe it was on the 10th or 11th of this month...we said...IMO in this month of April...around the 3rd week of April...they are going to start to pay the citizens of Iraq...at a new rate of 1000 to 1. ...last Monday...what did the articles say...well there is a change...we are trying to see if we can get to a 1000 to 1 rate...to be used within the citizens... ...one...of my FRIENDS...has over 500 employees...was instructed by the government of Iraq to start paying all of his 500 employees at a 1000 to 1 rate...and ...the citizens... realize ...wait a minute we are being given power of purchase...I got a whole lot more dinars here and a whole lot less USD...why...because that is the progress of the Monetary Reform. [post 1 of 3....stay tuned]
4-26-2017 Newshound/Intel Guru Mnt Goat Quote: "...Iraq’s B+ credit rating is still deeply entrenched in speculative, or junk territory...Yet as a marker for big institutional buyers like hedge funds and sovereign wealth arms, Fitch’s vote of confidence could mark the start of a broader shift among investors about Iraq’s long-term potential." ...this news today is WOW! news. This is exactly what we look forward to – “big institutional buyers like hedge funds and sovereign wealth arms” these entities are what will drive the value of the dinar up but only once globally traded. You see these fund managers can’t touch the dinar until it is on the global exchange and freely exchanged at the banks. Yes, yes and yes! ...we all already know Iraq is a “potential diamond in the rough…so what do you do with a rough diamond? Let them cut it, polish it up and market it….lol…I told you there would come a time to get excited. [post 2 of 2]
4-26-2017 Newshound/Intel Guru Mnt Goat Quote: "...Iraq’s B+ credit rating is still deeply entrenched in speculative, or junk territory...Yet as a marker for big institutional buyers like hedge funds and sovereign wealth arms, Fitch’s vote of confidence could mark the start of a broader shift among investors about Iraq’s long-term potential." ...this news today is WOW! news. This is exactly what we look forward to – “big institutional buyers like hedge funds and sovereign wealth arms” these entities are what will drive the value of the dinar up but only once globally traded. You see these fund managers can’t touch the dinar until it is on the global exchange and freely exchanged at the banks. Yes, yes and yes! ...we all already know Iraq is a “potential diamond in the rough…so what do you do with a rough diamond? Let them cut it, polish it up and market it….lol…I told you there would come a time to get excited. [post 2 of 2]
4-26-2017 Newshound/Intel Guru Mnt Goat Article: "Outlook upgrade could help push Iraq’s economic evolution to its next step" Quote: "War-torn Iraq recently got an unexpected boost on its way to becoming an investment hot spot, which may take its next step sooner than conventional wisdom suggests." Next step? We know this can not happen without an RV of their currency and getting off the program rate... [post 1 of 2....stay tuned]
4-26-2017 Intel Guru Frank26 What happened last night in our MR (monetary reform) is NOT SEEN yet by many to all...Greatness has already happen...
4-26-2017 Intel/Newshound Guru tman23 A big piece of overlooked news was the Kurdish "financial" delegation that went to Washington with the GOI delegation ...NEVER BEFORE...And this was because Iraq is one country represented by the GOI...For the Kurd financial heads to be there and INVITED into those meetings is NEEDED if you were planning monetary reform...
4-26-2017 Newshound Guru Kaperoni Article: "Central Bank: No distinction between foreign and Iraqi banks and currency auction" Quote: "...the existence of discrimination to deal for the Central Bank of Iraq between banks operating in Iraq, whether foreign or Iraqi, but on the basis of classification because they are part of the Iraqi banking system." This is an important statement for the CBI to make... this is a requirement of Article VIII (and it has been referred to several times in the consultations) to not only liberalize the foreign exchange, but make it available at any and all banks. A good step to show the IMF the CBI is trying to comply.
4-26-2017 Intel Guru Frank26 What happened last night in our MR (monetary reform) is NOT SEEN yet by many to all...Greatness has already happen...
4-26-2017 Intel/Newshound Guru tman23 A big piece of overlooked news was the Kurdish "financial" delegation that went to Washington with the GOI delegation ...NEVER BEFORE...And this was because Iraq is one country represented by the GOI...For the Kurd financial heads to be there and INVITED into those meetings is NEEDED if you were planning monetary reform...
4-26-2017 Newshound Guru Kaperoni Article: "Central Bank: No distinction between foreign and Iraqi banks and currency auction" Quote: "...the existence of discrimination to deal for the Central Bank of Iraq between banks operating in Iraq, whether foreign or Iraqi, but on the basis of classification because they are part of the Iraqi banking system." This is an important statement for the CBI to make... this is a requirement of Article VIII (and it has been referred to several times in the consultations) to not only liberalize the foreign exchange, but make it available at any and all banks. A good step to show the IMF the CBI is trying to comply.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
Next Saturday .. Abadi will announce the liberation of Mosul in full
ARTICLE 1-A (from PM Abadi's website; posted only on Arabic side, not posted on English side)
Prime Minister Dr. Haider Al-Abbadi: Our victory over the terrorist gangs was a defense of all citizens
Prime Minister Dr. Haider al-Abadi stressed that the victory over the terrorist gangs was to defend all citizens and serve them indiscriminately. He called on all officials and conservatives to cooperate and compete in providing services and proceed with this approach without bias on a partisan, national or doctrinal basis.
During his presiding over the meeting of the Supreme Coordinating Committee between the provinces, he congratulated all Iraqis on the victories achieved, stressing that our first concern is to protect the citizens and rescue them from a criminal gang that explodes the houses of citizens and takes them as human shields.
He added that the electricity collection project will provide electricity for 24 hours to citizens at a suitable price and just according to consumption. It is not reasonable to continue waste of money without addressing the imbalance in electricity supply all these years, warning against the campaign against this project by some corrupt beneficiaries of the ongoing electricity crisis .
During the expanded meeting to provide electricity to citizens 24 hours by using smart meters discuss the project to serve the citizens and reduce waste electricity and review the strategy of the Ministry of Electricity.
Prime Minister's Media Office
April 26, 2017
Prime Minister Dr. Haider al-Abadi stressed that the victory over the terrorist gangs was to defend all citizens and serve them indiscriminately. He called on all officials and conservatives to cooperate and compete in providing services and proceed with this approach without bias on a partisan, national or doctrinal basis.
During his presiding over the meeting of the Supreme Coordinating Committee between the provinces, he congratulated all Iraqis on the victories achieved, stressing that our first concern is to protect the citizens and rescue them from a criminal gang that explodes the houses of citizens and takes them as human shields.
He added that the electricity collection project will provide electricity for 24 hours to citizens at a suitable price and just according to consumption. It is not reasonable to continue waste of money without addressing the imbalance in electricity supply all these years, warning against the campaign against this project by some corrupt beneficiaries of the ongoing electricity crisis .
During the expanded meeting to provide electricity to citizens 24 hours by using smart meters discuss the project to serve the citizens and reduce waste electricity and review the strategy of the Ministry of Electricity.
Prime Minister's Media Office
April 26, 2017
***************
ARTICLE 1-B (from PM Abadi's website; posted only on Arabic side, not posted on English side)
Statement of the Supreme Authority for Coordination between the provinces regarding electricity
At the same time, the Supreme Authority for Coordination between the provinces emphasizes its keenness to provide electricity service to all citizens continuously and with the stability of the processing process, find that reaching the goal faces two main problems are waste of consumption and non-compliance with collection.
Emphasizing the commitment to the approved pricing without any increase, which began in 2016 and took into account the continued high level of consumer support within the framework of support to serve the low-income and the middle class, the importance of vigorously pursuing public-private partnerships to provide consumers with energy Electricity for 24 hours a day and to take legal action against those who obstruct the implementation of this service, which provides electricity for all.
The Supreme Authority for Inter-Provincial Coordination on Electricity
April 26, 2017
Emphasizing the commitment to the approved pricing without any increase, which began in 2016 and took into account the continued high level of consumer support within the framework of support to serve the low-income and the middle class, the importance of vigorously pursuing public-private partnerships to provide consumers with energy Electricity for 24 hours a day and to take legal action against those who obstruct the implementation of this service, which provides electricity for all.
The Supreme Authority for Inter-Provincial Coordination on Electricity
April 26, 2017
*************
ARTICLE 2
The first picture of the city of urban archeology after liberation
2017/4/26 16:38
[Ayna-Baghdad]
The first picture of the ancient urban city after its liberation today by the heroes of the popular crowd showed the devastation left by the gangs and the terrorist.
The first picture of the ancient urban city after its liberation today by the heroes of the popular crowd showed the devastation left by the gangs and the terrorist.
A statement issued by the Popular Propaganda Authority (KDP), which received all of Iraq, The first picture of the urban city of archeology showed clearly the extent of the destruction that was inflicted after the bulldozing of their effects by the barbarians of the era, calling the criminal. "
On Wednesday, the Popular Popular Forces (UPDF) liberated the entire urban city from a crowd. The operations of [Muhammad Rasool Allah] launched yesterday, Tuesday, to liberate the urban district, where the first day of operations ended the liberation of eleven villages and killed 40 Daqsia, and damaged many wheels to support the criminal.
On Wednesday, the Popular Popular Forces (UPDF) liberated the entire urban city from a crowd. The operations of [Muhammad Rasool Allah] launched yesterday, Tuesday, to liberate the urban district, where the first day of operations ended the liberation of eleven villages and killed 40 Daqsia, and damaged many wheels to support the criminal.
*************
ARTICLE 3
Jubouri from the right of Mosul: the closer I get to the end the more complex the end
2017/4/26 12:16
[Ayna-Baghdad]
"The liberation process, the closer it is to the end, has become more complicated," Speaker Salim al-Jubouri said.
"The liberation process, the closer it is to the end, has become more complicated," Speaker Salim al-Jubouri said.
"During his meeting with the security commanders," al-Jubouri said, "the great sacrifices made by the security forces, and we confirm that the process as it approaches the end has become more complicated because terrorism will use what it has and within its known inhuman methods, the use of civilians As shields, killings and starvation. "
"The humanitarian role is important and needs to be supported by all official institutions such as the parliament, the central government, the local government and the provincial council," he said.
Al-Jubouri also praised the role of the Federal Police and its great sacrifices in the liberation of Mosul, stressing that "the importance of the humanitarian aspect and the situation of the displaced should be given due consideration."
"The humanitarian role is important and needs to be supported by all official institutions such as the parliament, the central government, the local government and the provincial council," he said.
Al-Jubouri also praised the role of the Federal Police and its great sacrifices in the liberation of Mosul, stressing that "the importance of the humanitarian aspect and the situation of the displaced should be given due consideration."
*************
ARTICLE 4
The liberation of the villages of "Ashikj and Um Al-Ajrij" and the announcement of the restoration of the entire city from the grip of Dahesh
NINEWA, Iraq, April 27 (UPI) - The military information cell announced Thursday that "the second and eleventh brigade forces have completely liberated the urban district," noting that "the crowd forces have begun to cleanse the outskirts of the Western judiciary."
"The popular crowd carried out house searches, clearing houses, hunting down improvised explosive devices and dismantling abandoned houses," the statement said. "This was done after the liberation of the village of Umm al-Ajrij, North of the urban district, south of Mosul. "
The forces of the popular mobilization began the process of "Muhammad Rasool Allah" to liberate the urban district and the surrounding areas of the control of Dahesh southern Mosul, where the operations entered on Thursday, the third day, has been liberated 20 villages, and two areas of the two strategies and the liberation of the city of urban archaeological in the past two days. AH
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ARTICLE 5
The first images of the urban after the full liberation
2017/4/27 11:29
[Ayna-Baghdad]
Popular Popular Forces, the center of the urban district of southern Mosul, were freed entirely from terrorist gangs.
Popular Popular Forces, the center of the urban district of southern Mosul, were freed entirely from terrorist gangs.
"The Popular Popular Forces have started clearing houses and alleys in the center of the urban district, liberated from the remnants of a crowd," said a statement to the crowd.
The crowd had launched the process last Tuesday on behalf of [Muhammad Messenger of Allah] to liberate the urban district and the surrounding areas and villages nearby, in addition to the ancient city.
The crowd had launched the process last Tuesday on behalf of [Muhammad Messenger of Allah] to liberate the urban district and the surrounding areas and villages nearby, in addition to the ancient city.
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ARTICLE 6
Next Saturday .. Abadi will announce the liberation of Mosul in full
Baghdad - Journal News
April 26, 2017
Sources close to the Prime Minister Haider al-Abadi said that "the next Saturday (April 30, 2017) will be the beginning of the return of the city of Mosul and the liberation of Iraq completely from the organization calling the terrorist.
The sources pointed out to the "Journal News" that the Iraqi flag will be raised and the last bullet fired by Abadi, "noting that" the areas that are under the control of a few and very near the corner of liberation. "
A member of Nineveh province council Hossam al-Abbar told "The Journal News" that "the old Mosul and the existence of the Grand Mosque of Nuri al-Kabir, one of the symbols of the city from which the so-called caliphate was launched and which is the start of the so-called" Islamic state " Security forces. "He pointed out that" the security forces managed to defeat the terrorist organization, in a number of neighborhoods, including the Al-Tanak district or Chechnya, and left the cemetery and industries and Liberation neighborhood adjacent to the neighborhood of July 17, or what is known as Street 60, completely surrounded by the ninth division and the Abbas military affiliate Popular for the crowd. "
"The end of the liberation of the old Mosul will be a semi-final resolution to announce the liberation of Mosul in full, because it is the most dangerous area of military operations," said security expert Ahmed al-Sharifi, "The Journal News," that "the data indicate that the battles of resolution are close too, because editing the urban process is a prelude to the process of liberation of Tal Afar, and this is the best proof that the liberation Ayman Mosul will be in the next the few days, ".obouksos Visit House Speaker Salim al-Jubouri on Wednesday to the right coast of the conductor, Sharifi noted that" the visit Jubouri is proof of political presence Preface A comprehensive declaration of victory and liberation of the city soon.
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