Users of ATMs card (MasterCard)
11/5/2017 12:00 am
Baghdad/ESRA Samurai
The Communications Department coordinated to create card users ATM (MasterCard) through outlets at post offices in Baghdad and the provinces.
The Director of the Ministry's savings and mail company, Zeinab Abdel Saheb SMC "morning": that there be coordinated with the Iraqi Central Bank in cooperation with local companies and one Iranian businesses, to create an ATM at post offices and distributed savings between Baghdad and provinces of the country.
She confirmed that her company planned to accomplish a project with electronic payment (MasterCard) and cards issued to employees in governmental and non-governmental institutions, expressing the hope that the project will be done during the coming period after the completion of the final approvals for implementation requirements.
She continued, Abdul Sahib that NIOC mentioned, will provide its 300 post offices across the country, the ATM will project objectives, as well as specialists who will train the cadres of the Ministry in post offices, savings on ATM use correctly.
She noted that the project will be implemented through partnership and investment contracts in coordination with those mentioned, while her company will connect network between post offices, savings, indicating that the project will serve the e-commerce marketing via electronic card, electronic payment also provide postal and financial dealings of all citizens and would make it possible to receive salaries through post offices which achieve security and comfort.
The Communications Department coordinated to create card users ATM (MasterCard) through outlets at post offices in Baghdad and the provinces.
The Director of the Ministry's savings and mail company, Zeinab Abdel Saheb SMC "morning": that there be coordinated with the Iraqi Central Bank in cooperation with local companies and one Iranian businesses, to create an ATM at post offices and distributed savings between Baghdad and provinces of the country.
She confirmed that her company planned to accomplish a project with electronic payment (MasterCard) and cards issued to employees in governmental and non-governmental institutions, expressing the hope that the project will be done during the coming period after the completion of the final approvals for implementation requirements.
She continued, Abdul Sahib that NIOC mentioned, will provide its 300 post offices across the country, the ATM will project objectives, as well as specialists who will train the cadres of the Ministry in post offices, savings on ATM use correctly.
She noted that the project will be implemented through partnership and investment contracts in coordination with those mentioned, while her company will connect network between post offices, savings, indicating that the project will serve the e-commerce marketing via electronic card, electronic payment also provide postal and financial dealings of all citizens and would make it possible to receive salaries through post offices which achieve security and comfort.
THe most recent map of Mosul
Word on the Street Thursday 5/11/17:
TNT CONFERENCE CALL WEDNESDAY 5/10/17 DC NY CALL RECAP:
Good afternoon TNT Superfantastic Family. Today is Wednesday Hump Day. What is going on? We are half way there and wrapping up this week. The only dfference between today and Monday some is public. Seeing posts and articles publicizing what I told you about Liberation of Mosul, and the official info that the full liberation is yet to be publcially announced. That should be between May 15-19th. As far as the RV , some say we are looking for it this week. Ramadan seems to be the cutoff and before 26th of May Ramadan. Inside window from now to the outside window. It is possible it could come out about the 19th timeframe when selected individuals will be meeting and something could possibly come out then. Banking community, info they are receiving today should have been it. Could that be a reality expecially when it comes to private activity and some is anticipated. No new intel other than the dates I just gave you. Q and A: Q: Ray, What is next? Always something to be cleared up. Ray: We just have to be patient. Nothing likely that we see that will put this down the road, and the time is now. Mosul is the last thing as a roadblock as fas as progress in Iraq. Q: Have you said Monday should be the last call preRV? Ray: The info I received everything according to how I think it should have gone, we would not have a call today. There is always the unknown, but I have every assurance of this coming. One source said Tuesday or Wednesday. Q: Do we need to see laws in the Gazette before this happening? Ray: No, Q: Any update on prices in Iraq? Ray: Nothing I feel comfortable with yet. Q: Do you know when President Trump will be in Iraq? Ray: It is believed the Iraqi leaders will be together on the 19th. Q: Regarding digitizing currency, will we learn about this in your classes? Ray: Yes. Q: On Monday you seemed confident that it would RV by today. Ray: I did not say that. Callers: Catnip: Appreciate what info you have told us. It has been a while since what the Iraq people hear in the Mosque. Anything specific that they are being told. Ray: No. Either they are tight lipped of nothing is being told. Catnip: It looks like on the board fils are in circulations. Ray: Not that I have hear from. Catnip: Meeting on the 19th can you say who will be at that meeting? Ray: No. Catnip: Meetings with Abadi Sadr Minister of Finance did you ask if there is anything further on that? Ray: No reporting on that and nothing additional. Tomorrow is publishing update of UN Operational Rates. Ray: If I am listening to banking community I would say yes, and others no. Tuesday there was no earth shattering information wise. Caller: 340 Virgin Islands: I thought we would be something by now. My question is about the Zim. Is it going? Ray: I heard it is going in the first basket of currencies. Rates? Rates are always changing. Caller: 210 TX: Caller: What about perks? Ray: We have updates for the TNT members and how to negotiate with banks. That will help you decide what bank you may want to deal with based on the perks they can give you. Caller: Since we know the president is going to meet with heads of state of other countries. Will we see it after then? Ray: You may see it before then Ray's Wrap Up: Where are we? From the banking community today, tomorrow or Friday. Across the pond we are getting a mixture of things. Benchmarks 15-19th emphasis on 19th. Outer window publicly wrap up before Ramadan. All pointing to get it done in May, tomorrow, Friday 19th, 26th all still in May. Everything sounds and looks good. Lets wait and see what happens. If any new info comes out, I will put it in the forum. Lets enjoy this hump day and can't wait to see what happens next! Soon it will be over! Are you ready? I Believe it is already done. Rayren98
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,140.6000 | 1,140.3000 | 1,140.6000 | | 07:12 |
| USD/VND | | | 22,376.0000 | 22,355.0000 | 22,376.0000 | | 07:12 |
| USD/CNY | | | 6.9091 | 6.8980 | 6.9037 | | 07:13 |
| USD/KWD | | | 0.3047 | 0.3038 | 0.3038 | | 03:10 |
| GBP/USD | | | 1.2948 | 1.2878 | 1.2927 | | 07:13 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 13,371.0000 | 13,330.5000 | 13,354.0000 | | 07:11 |
CNBC Link: http://www.cnbc.com/markets/
DC NY Iraq Articles:
Kurdish agreement to form a body to oversee the referendum "separation"
The "Saadi Bira" leader of the Patriotic Union of Kurdistan, led by Jalal Talabani, on Wednesday, the formation of a body of parties and political parties in the region to oversee the referendum on secession from the Iraqi state.
"The Kurdish parties (the Democratic Party, the Patriotic Union, the Turkmen, the Kaldo Assyrians and the Syriac) agreed to form a body representing the political and civil parties and parties in Kurdistan and its responsibility is to supervise the referendum process," Bira told the Journal News.
He added that "the body that will be the one who will decide the date of the referendum and authorize the political leadership in the region to approach the government of Baghdad and the governments of neighboring countries, on the referendum and take their opinion in this regard and agree on it," adding that "there has been no serious and official contacts on this subject."
With regard to the accession of Kirkuk to the referendum Kurdish Bira noted that "this is the functions of the body and is to be in contact with the relevant authorities to include Kirkuk by referendum."
Finance and US Ambassador discuss mechanisms to complete credit program with IMF
10-05-2017 01:48 PMT The Minister of Finance and Abdul Razzaq Al-Issa Agency discussed with a delegation from the US Embassy mechanisms to complete the program of credit readiness with the International Monetary Fund.
"The Ministry of Finance is ready to complete the second review meetings of the credit program with the International Monetary Fund (IMF)," Al-Issa said when receiving US Deputy Ambassador Stephanie Williams and the accompanying delegation, according to a ministry statement.
The two sides also discussed 'the file of compensation with the State of Kuwait and ways to resolve through the window of investment inside Iraq'.
"The Ministry of Finance is ready to complete the second review meetings of the credit program with the International Monetary Fund (IMF)," Al-Issa said when receiving US Deputy Ambassador Stephanie Williams and the accompanying delegation, according to a ministry statement.
The two sides also discussed 'the file of compensation with the State of Kuwait and ways to resolve through the window of investment inside Iraq'.
Iraq .. Continued suffering and fate unknown to thousands of abducted in liberated areas
A political bloc "Sunni" in the Iraqi Council of Representatives, on Wednesday, the issue of thousands of kidnapped Iraqi Iraqis from the provinces that were freed from the grip of "Daash," earlier, considering that their fate is still unknown, as well as continued suffering to their families.
The "unknown fate" continues to hunt thousands of kidnappers in liberated areas such as Ramadi and Falluja in Anbar province, Beiji in Salahaddin and Jafar al-Sakhr in Babylon, while the government is unable to find a way out of this mystery.
A statement by the coalition of Iraqi forces, received the "Journal News", a copy of it, "the political body of the coalition of Iraqi forces held its periodic meeting, at its headquarters last night, headed by MP Ahmed al-Masari, head of the parliamentary bloc of the coalition."
According to the statement, the meeting discussed "the latest developments of the work of the Committee of Experts to select candidates for membership of the High Commission for Human Rights and the High Electoral Commission for elections, and to ensure the maintenance of the independence of these two commissions and to play their role to the fullest."
The meeting referred to the "issue of thousands of abducted people from the provinces occupied by Daqash, whose fate is unknown and the continuous suffering of their families as a result of the government's failure to resolve this humanitarian tragedy and the need to exert utmost efforts to save the lives of these innocent people."
According to the statement, the meeting discussed "a number of political, security and organizational issues on its agenda and took the necessary decisions and recommendations"
Mutlaq calls on the official bodies to fortify the Iraqi citizen
The Secretary-General of the Iraqi Front for National Dialogue Saleh al-Mutlaq, on Wednesday, the importance of creating a unified security system in the region to block the way for extremists and terrorists from the implementation of their schemes and infiltration among communities of simple, "calling for" official bodies to fortify the Iraqi citizen and open new horizons of relations between children People and security forces.
"It is necessary to create a unified security system in the region to block extremists and terrorists from carrying out their plans," al-Mutlaq said in a statement issued by his office, and received a copy of it after receiving Turkish Ambassador Fatih Yildiz. He called on "official bodies to immunize the Iraqi citizen and Fatah New horizons of relations between the people and the security forces.
He added that "the duty of the official authorities and decision-makers in force to work to immunize the Iraqi citizen and open new horizons of relations between the people and the security forces, especially in the areas and cities freed from the oppression of the criminal."
Turkish Ambassador Fatih Yildiz said on Tuesday that Turkey has the will and the possibility to support Iraq, especially at this difficult stage, noting that he is keen to transfer the reality honestly to Ankara in order to overcome the difficulties and push forward cooperation.
Parliamentary committee reveals the waste of 900 trillion dinars in failed projects
The Committee on Economy and Investment parliamentary, on Wednesday, the waste of about 900 trillion dinars since 2005 and until now failed projects and investments useless, noting that the lack of economic feasibility study of the most important reasons for the loss of money.
"Successive governments have spent about 900 trillion dinars since 2005 and so far with failed projects and useless investments," Najeeb Najib, a member of the committee, told Al-Maaloumah.
She added that "500 trillion dinars spent on investment projects while governments spent on security and defense about 150 trillion dinars, 70 trillion for electricity projects and 60 for health projects, industry and others without any economic benefit."
Najib pointed out that "not to study the economic feasibility of projects the most important reasons for the loss of money," indicating that "the government needs to review the economic and investment projects." Ending / 25 d
Kauaihn Iraq Articles:
The total value of trade in Jordan during the 10-year period was $ 228.2 billion, according to the International Financial Integrity Organization.
In its annual report, which monitored business between 2005 and 2014, the organization noted the damage caused by undisclosed bills in order to evade customs duties and VAT.
According to the report, "illegal financial flows abroad are overwhelmingly in the form of inaccurate bills and permits, forged for services and intangible purposes."
The Organization published estimates, in which it relied on two sources: the leakage from the IMF's balance of payments accounts; secondly, the rates of fraud and fraud in transactions and business invoices calculated with the assistance of statistics available to the IMF's Directorate of Trade Statistics.
The IMF expects real GDP growth to grow by 2.3 percent this year.
In its latest World Economic Outlook, the IMF forecast GDP growth of 2.5 percent next year.
He predicted consumer prices would grow by 2.3 percent in 2017 and about 2.5 percent next year.
The Consumer Price Index ( CPI ) is the main indicator of inflation or the rate of price change in a particular country. The Consumer Price Index ( CPI ) reports the change in the index that measures the total price of a specific basket of products and services that the public usually buys, Consumer also index of living costs.
The Fund's report noted the significant role of emerging market economies and developing economies in the global economy these days, a role that has become increasingly important over time, pointing to the critical factors in this transformation that these economies have achieved in their policy frameworks and structural reforms The orbit of the last twenty years. Ending / 25
Babylon warns of the return of "activity Aldashi" in the case of return of displaced areas of some of the shelf
Babil province council member Ahmad al-Ghuraibawi warned on Wednesday of the return of the activity of the criminal "Da'ash" organization to the district of Jarf al-Nasr north of the governorate and the surrounding areas in the event of returning the displaced to some areas of the shelf.
"The security situation in Jorf al-Nasr and areas north of Babylon is still confused, as these areas are witnessing infiltrations of car bombs, suicide bombers and ambulances from areas south of Baghdad," Gharibawi said in a statement.
He added that "the resumption of the return of displaced people swept away victory, may harm them," warning that "the return of activity Aldashi to those areas again if the return of displaced persons to some areas of the shelf."
Al-Ghuraibawi pointed out that "clearing the cliff of victory from terrorists, arms caches and spending, if any need specialized security forces, as well as to ensure the security of areas south of the capital in contact with our northern areas." Ending / 25 n
Turkey rejects US decision to arm Kurdish fighters
10-05-2017 01:32 PM Turkish Deputy Prime Minister Noureddine Janakli on Wednesday rejected the US decision to arm Syrian Kurdish fighters whom Turkey considers terrorists, calling him "unacceptable".
The United States has confirmed it will provide weapons to the Kurdish-led "Syrian Democratic Forces" militia to help them expel gunmen from the Raqqa, northern Syria.
Turkey sees the Syrian Kurdish group known as the People's Protection Units, the backbone of the Syrian Democratic Forces militia, as the Syrian branch of the PKK, which is fighting a rebellion in Turkey.
Turkey, an ally of the United States and other Western countries, lists the PKK as a terrorist group.
"The United States provides all kinds of assistance to the PKK through (Syrian Kurdish forces)," Jankli said in a statement on Wednesday.
Jankli said he hoped Washington would back down, saying, "There is no reason to claim that the battle against Da'ash can succeed only with the Syrian Kurdish forces."
In the meantime, the Syrian Kurdish People's Protection Forces on Wednesday noted the United States' decision to arm its fighters fighting a militant organization and said it expected it to play a more influential, powerful and decisive role in fighting terrorism.
"We believe that from now on and after the historic armament decision, our units will play a more influential, powerful and decisive role in the fight against terrorism at a high pace," the unit's spokesman, Redor Khalil, said in a written statement
The United States has confirmed it will provide weapons to the Kurdish-led "Syrian Democratic Forces" militia to help them expel gunmen from the Raqqa, northern Syria.
Turkey sees the Syrian Kurdish group known as the People's Protection Units, the backbone of the Syrian Democratic Forces militia, as the Syrian branch of the PKK, which is fighting a rebellion in Turkey.
Turkey, an ally of the United States and other Western countries, lists the PKK as a terrorist group.
"The United States provides all kinds of assistance to the PKK through (Syrian Kurdish forces)," Jankli said in a statement on Wednesday.
Jankli said he hoped Washington would back down, saying, "There is no reason to claim that the battle against Da'ash can succeed only with the Syrian Kurdish forces."
In the meantime, the Syrian Kurdish People's Protection Forces on Wednesday noted the United States' decision to arm its fighters fighting a militant organization and said it expected it to play a more influential, powerful and decisive role in fighting terrorism.
"We believe that from now on and after the historic armament decision, our units will play a more influential, powerful and decisive role in the fight against terrorism at a high pace," the unit's spokesman, Redor Khalil, said in a written statement
Iraq is in the process of compensating Kuwait
Minister of Finance Abdul Razzaq Al-Issa and a delegation from the US Embassy discussed the completion of the program of credit readiness with the International Monetary Fund.
"The Ministry of Finance is ready to complete the second review of the credit program with the International Monetary Fund (IMF)," Al-Issa told reporters after receiving US Deputy Ambassador Stephanie Williams and her accompanying delegation.
The two sides also discussed "the file of compensation with the State of Kuwait and ways to resolve through the window of investment inside Iraq."
"The Ministry of Finance is ready to complete the second review of the credit program with the International Monetary Fund (IMF)," Al-Issa told reporters after receiving US Deputy Ambassador Stephanie Williams and her accompanying delegation.
The two sides also discussed "the file of compensation with the State of Kuwait and ways to resolve through the window of investment inside Iraq."
Kauaihn Economic Times:
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GLOBAL/NEWS/INFO
The ins and outs of applying for Social Security benefits
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Wallet Hacks We're planning a vacation to England and one of the things we'll need is cash. In previous visits, we've relied on the partnership between Bank of America and Barclays. I could use a Barclays ATM to withdraw British Pounds without paying a fee while getting the most up to date currency conversion rate possible. More... Read the full story
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Opinion: 7 reasons gold prices will crash this summer
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Oil edges higher as investors await U.S. supply data
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China's Credit Bubble to 'Blow Up' Commodities | Markets and Money
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Shares of Comerica Rank the Highest in Terms of P/E Ratio in the Diversified Banks Industry (CMA, BAC, USB, JPM, WFC)
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Banks, real estate stocks likely to back UAE bourses
Mubasher
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South Africa: Bank Charges Force Immigrants to Send Money Home 'Hand-to-Hand'
AllAfrica
(Photo: Tariro Washinyira/GroundUp) When Tanaka* sends money back to her family in Zimbabwe, she heads to Cape Town's long-distance bus terminal to find passengers or drivers travelling to Harare. She says it's too expensive for her to send money electronically. "So if I see someone is going to Harare, then I give 'hand-to-hand'". This informal system of cross-border cash remittances is based on trust and convention. Her family uses what she sends to buy food, pay school fees and get medicine. Read the full story
China's Credit Bubble to 'Blow Up' Commodities | Markets and Money
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Markets have long speculated about China’s corporate debt bubble. China can’t artificially prop up its system forever. Eventually it will fail. Read the full story
BANKS / BANKING
Post Office 'doesn't need banking license'
Isle of Man News
Isle of Man News
Banking facilities are already available at a number of post offices - so the Island organisation doesn't need its own license. Read the full story
Opinion | JPMorgan Bankers Are Preaching to the Choir
Bloomberg
Bloomberg
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon has been saying for a while now that there are too many banks. It appears that message has filtered through the ranks. Investment bankers at the New York lender are urging their U.S. regional bank clients to consider mergers as a way to stave off a pending deposit drain caused by changes in monetary policy, Bloomberg News reported late Monday. They make a valid point: the Federal Reserve's reversal of quantitative easing could indeed Read the full story
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Below are the three companies in the Diversified Banks industry with the highest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the... Read the full story
Banks, real estate stocks likely to back UAE bourses
Mubasher
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By: Mahmoud Gamal Mubasher: The UAE stock markets are expected to see a sideways-to-bullish performance on Wednesday, in line with the expected disclosures of further first-quarter financial results, analysts told Mubasher. The UAE banks stocks … Read the full story
South Africa: Bank Charges Force Immigrants to Send Money Home 'Hand-to-Hand'
AllAfrica
AllAfrica
(Photo: Tariro Washinyira/GroundUp) When Tanaka* sends money back to her family in Zimbabwe, she heads to Cape Town's long-distance bus terminal to find passengers or drivers travelling to Harare. She says it's too expensive for her to send money electronically. "So if I see someone is going to Harare, then I give 'hand-to-hand'". This informal system of cross-border cash remittances is based on trust and convention. Her family uses what she sends to buy food, pay school fees and get medicine. Read the full story
TREASURIES/ BONDS/ STOCKS
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US Treasurys higher as bond investors digest Comey dismissal; Fed speeches eyed
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TREASURIES/ BONDS/ STOCKS
The key technical indicator that could signal a ‘sideways correction’ ahead
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Opinion: The bond market didn’t get the memo
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Don’t tell the bond market, but Treasury yields are getting set to soar, writes Caroline Baum. Read the full story
US Treasurys higher as bond investors digest Comey dismissal; Fed speeches eyed
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MarketWatch
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U.S. stock futures on Wednesday point to a dip at the open, with some analysts blaming the decline in part on President Donald Trump’s surprise firing late Tuesday of FBI Director James Comey. Read the full story
CURRENCIES
Dollar close to eight-week high vs yen as risk appetite recovers
CDA News
By Jemima Kelly LONDON (Reuters) – The dollar steadied close to an eight-week high against the safe-haven yen on Wednesday as risk appetite – historically high in recent days – recovered from a dip in Asian trading when U.S. President Donald Trump abruptly fired the head of the FBI. Trump said he had sacked FBI […] Read the full story
Dollar weakens as FBI director's firing unnerves markets – business live
the guardian
All the day’s economic and financial news, as Donald Trump’s sacking of James Comey for mishandling the Clinton email investigation undermines the US dollar Dollar has fallen against pound and euro after Comey axed Sterling is rising towards $1.30 Why Comey sacking will alarm the City As it happened: calls for special prosecutor after Trump sacks Comey 11.05am BST The FT’s Edward Luce has written a snappy outline of James Comey’s sacking: Like any US federal scandal, the details mount but the Read the full story
U.S. dollar closes higher on Taipei forex (update)
FOCUS Taiwan
Taipei, May 10 (CNA) The U.S. dollar rose against the Taiwan dollar on Wednesday, gaining NT$0.008 to close at NT$30.266. Read the full story
POUND LIVE: sterling hits €1.19 on the Euro as Canada looks to UK to invest pension funds
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THE British pound has hit €1.19 today as London's financial marketplace begins to look attractive to companies keen to avoid the EU's Capital Markets Union clampdown. One of Canada's biggest pension fund managers is to open an office in London today amid more positive investment news for the British finance sector. In a sign of Commonwealth positivity the Public Sector Pension Investement Board is to open in London. However north of the border in Scotland there's a major drama brewing for Read the full story
Pound V euro: GBP exchange rate against EUR at best levels after Macron fears
Express
THE pound has continued its run of steady gains against the euro today, advancing to €1.192 and its best levels of the month so far. Owing to a shortage of UK economic data, the pound has instead appreciated on political news. Political developments have included an appearance by Theresa May on the BBC One Show. Read the full story
Pound flirts with $1.30 as dollar weakens after Donald Trump fires FBI director
The Telegraph
Dollar falls after Trump fires FBI director European shares skid into negative territory in early trade Pound closes in on $1.30 ahead of Thursday's Bank of England rate decision Oil edges higher on supply cut hopes Read the full story
Antipodean Currencies Rise As Most Asian Markets Traded Higher
RTTNews
Antipodean currencies such as the Australian and the New Zealand dollars strengthened against their major counterparts in the Asian session on Wednesday, as most Asian stock markets traded higher, though gains are modest following the mixed cues overnight from Wall Street. Investors are digesting U.S. President Donald Trump's abrupt dismissal of FBI director James Comey and the election of liberal leader Moon Jae-in as South Korea's new president. Read the full story
East Africa: South Sudan Pound Slips Against U.S. Dollar, Uganda Shilling
AllAfrica
(Photo: Bill Oketch/Daily Monitor) Amuru More than 200 currency traders at Elegu-Nimule border have reportedly quit the business following sharp depreciation of the South Sudanese Pounds (SSP) against the Uganda Shilling and US dollar. Last Thursday, the SSP was trading as low as at Shs23 down from Shs650 in 2013, whereas one US dollar was trading at 16,000 SSP. It is estimated that the beginning of the year, more than 300 people were trading in currency at Elegu but less than 100 have 'survived Read the full story
NZ dollar gains vs yen
Scoop
May 10 (BusinessDesk) - The New Zealand dollar gained against the yen as upbeat investor confidence dimmed demand for the relative safety of Japan's currency and held its own against a stronger greenback ahead of tomorrow's interest rate review. Read the full story
USA
CURRENCIES
Dollar close to eight-week high vs yen as risk appetite recovers
CDA News
CDA News
By Jemima Kelly LONDON (Reuters) – The dollar steadied close to an eight-week high against the safe-haven yen on Wednesday as risk appetite – historically high in recent days – recovered from a dip in Asian trading when U.S. President Donald Trump abruptly fired the head of the FBI. Trump said he had sacked FBI […] Read the full story
Dollar weakens as FBI director's firing unnerves markets – business live
the guardian
the guardian
All the day’s economic and financial news, as Donald Trump’s sacking of James Comey for mishandling the Clinton email investigation undermines the US dollar Dollar has fallen against pound and euro after Comey axed Sterling is rising towards $1.30 Why Comey sacking will alarm the City As it happened: calls for special prosecutor after Trump sacks Comey 11.05am BST The FT’s Edward Luce has written a snappy outline of James Comey’s sacking: Like any US federal scandal, the details mount but the Read the full story
U.S. dollar closes higher on Taipei forex (update)
FOCUS Taiwan
FOCUS Taiwan
Taipei, May 10 (CNA) The U.S. dollar rose against the Taiwan dollar on Wednesday, gaining NT$0.008 to close at NT$30.266. Read the full story
POUND LIVE: sterling hits €1.19 on the Euro as Canada looks to UK to invest pension funds
Express
Express
THE British pound has hit €1.19 today as London's financial marketplace begins to look attractive to companies keen to avoid the EU's Capital Markets Union clampdown. One of Canada's biggest pension fund managers is to open an office in London today amid more positive investment news for the British finance sector. In a sign of Commonwealth positivity the Public Sector Pension Investement Board is to open in London. However north of the border in Scotland there's a major drama brewing for Read the full story
Pound V euro: GBP exchange rate against EUR at best levels after Macron fears
Express
Express
THE pound has continued its run of steady gains against the euro today, advancing to €1.192 and its best levels of the month so far. Owing to a shortage of UK economic data, the pound has instead appreciated on political news. Political developments have included an appearance by Theresa May on the BBC One Show. Read the full story
Pound flirts with $1.30 as dollar weakens after Donald Trump fires FBI director
The Telegraph
The Telegraph
Dollar falls after Trump fires FBI director European shares skid into negative territory in early trade Pound closes in on $1.30 ahead of Thursday's Bank of England rate decision Oil edges higher on supply cut hopes Read the full story
Antipodean Currencies Rise As Most Asian Markets Traded Higher
RTTNews
RTTNews
Antipodean currencies such as the Australian and the New Zealand dollars strengthened against their major counterparts in the Asian session on Wednesday, as most Asian stock markets traded higher, though gains are modest following the mixed cues overnight from Wall Street. Investors are digesting U.S. President Donald Trump's abrupt dismissal of FBI director James Comey and the election of liberal leader Moon Jae-in as South Korea's new president. Read the full story
East Africa: South Sudan Pound Slips Against U.S. Dollar, Uganda Shilling
AllAfrica
AllAfrica
(Photo: Bill Oketch/Daily Monitor) Amuru More than 200 currency traders at Elegu-Nimule border have reportedly quit the business following sharp depreciation of the South Sudanese Pounds (SSP) against the Uganda Shilling and US dollar. Last Thursday, the SSP was trading as low as at Shs23 down from Shs650 in 2013, whereas one US dollar was trading at 16,000 SSP. It is estimated that the beginning of the year, more than 300 people were trading in currency at Elegu but less than 100 have 'survived Read the full story
NZ dollar gains vs yen
Scoop
Scoop
May 10 (BusinessDesk) - The New Zealand dollar gained against the yen as upbeat investor confidence dimmed demand for the relative safety of Japan's currency and held its own against a stronger greenback ahead of tomorrow's interest rate review. Read the full story
USA
Behind Comey’s firing: An enraged Trump, fuming about Russia
POLITICO
POLITICO
The president deliberated for more than a week before ousting the FBI chief who was investigating Trump associates. Read the full story
U.S. Considers Banning Electronics On Flights From European Airports
HuffPost
The carry-on electronics ban affecting some incoming flights from parts of North Africa and the Middle East may expand to include routes from Europe. ... Read the full story
U.S. Considers Banning Electronics On Flights From European Airports
HuffPost
HuffPost
The carry-on electronics ban affecting some incoming flights from parts of North Africa and the Middle East may expand to include routes from Europe. ... Read the full story
EMERGING MARKETS
Gundlach Is Shorting U.S. Stocks: Here's Why
Investopedia
Investopedia
Billionaire investor Gundlach suggests shorting U.S. stocks. Read the full story
Miss the bull market? Investors say the next one will be overseas
MarketWatch
MarketWatch
For years, U.S. stocks have been a primary driver of global equity market gains, posting far stronger results than the rest of the world. That may be about to change. Read the full story
Emerging Market Equity Funds Attract Most Money Since 2006
ValueWalk
ValueWalk
Emerging market funds have seen a huge spike in interest from investors so far this year, thanks to renewed confidence in the global economy. Emerging market equity funds are big winners, as flows are so robust in fact that total inflows are now at a post-2006 peak according to UBS’s equity market strategist Geoff Dennis.... Read the full story\
MIDDLE EAST
Saudi invites Iraq, Morocco, Pakistan and Tunisia attend US Islamic Arab summit
RiyadhVision
RiyadhVision
The Saudi Foreign Minister Adel al-Jubair and Saudi Chargé D’Affaires in the countries sent the messages to the nations’ leaders. :: Saudi King Salman has sent messages to Pakistani Prime Minister Nawaz Sharif, King Mohammed VI of the Kingdom of Morocco, Iraqi President Dr. Fuad Masum and Tunisian President Beji Caid Essebsi, inviting them to attend Arab, Islamic and United States summit hosted by the Kingdom of Saudi Arabia. The Saudi Foreign Minister Adel al-Jubair and Saudi Chargé D’Affaires Read the full story
Iran, Austria normalizing banking ties, €1bn credit to increase
POST Online Media
POST Online Media
Austria intends to expand business ties with Iran, therefore the European country endeavors to normalize banking relations between the two countries, the Austrian ambassador to Iran said. “A number of Austrian banks are already active in Iran, but easing mutual trade and financing investment projects need stronger banking relations,”... Read the full story
Rotana plans to open 13 hotels in UAE by 2020
Mubasher
Mubasher
Dubai – Mubasher: Rotana plans to open 13 hotels in Dubai and Abu Dhabi by 2020, according to a statement. Rotana in cooperation with RSG International announced the launch a new hotel worth AED 600 million ($163.3 million) in Jebel Ali region in … Read the full story
Egypt inflation up to 32.9% in April
Mubasher
Mubasher
Cairo – Mubasher: Egypt’s consumer price index (CPI) reached 32.9% in April, the Central Agency for Public Mobilization and Statistics (CAPMAS) said on Wednesday in a statement. The CPI increased in April by 1.8% month-on- month, while it rose by, … Read the full story
Netanyahu's criminal investigation drags on into the summer
CNN
CNN
A months-long criminal investigation of Prime Minister Benjamin Netanyahu hangs over the Israeli leader as he prepares to host President Donald Trump later this month. Read the full story
AFRICA
Nigeria: IMF Seeks Strong, Sound Policy Measures to Restart Nigeria
AllAfrica
AllAfrica
(Photo: The Guardian) Abuja The International Monetary Fund (IMF) has advised Nigeria and other countries in sub-Saharan Africa to implement strong and urgent policy actions to bolster growth in the region. It foresees a subdued outlook for the region in the near-term if pressures on sovereigns and spillovers to the private sector intensify. The IMF, in its latest Regional Economic Outlook, titled: 'Restarting the Growth Engine; pointed out that growth in sub-Saharan Africa as a whole dropped to Read the full story
Africa: Uganda, China Hold First Economic Investment Forum
AllAfrica
(Photo: Herr Bert/Flickr) Kampala Economists have urged government to prioritise investing in Information Communication Technology to support infrastructural developments. The remarks were made at the first Uganda - China Economic Investment and Trade Cooperation Forum 2017 organised convened by the Chinese Enterprises Chamber of Commerce and the Uganda Investment Authority at the Commonwealth Resort in Munyonyo last week. Vice President Edward Ssekandi, who was chief guest at the forum, Read the full story
Africa: Transform Africa Summit Begins in Rwanda
AllAfrica
(Photo: Timothy Kisambira/The New Times) The third Transform Africa Summit Transform Africa Summit opens today today at the Kigali Convection Centre, attracting about 3,000 delegates. The summit convenes African government leaders and representatives, private sector players, development partners and representatives of organisations in the ICT field. This year's summit's focus is on 'smart cities' with an aim to ensure African capitals embrace technology to effectively deliver services. The Read the full story
Africa: Why the AU Financing Mechanism Must Work
AllAfrica
Donald Trump's America and its World Trade Organisation (WTO) should and will not stop Africa's efforts towards self-reliance. And, Mauritius should pay the equivalent of the levy, is that an issue? If a country does not want to pay then African Union (AU) should show it the exit door. This AU must work or get destroyed. If it is there to serve Western interests then let's dump it to the garbage. If treaties and WTO are against our interests then let's renegotiate them. If a country like Read the full story
ASIA
China is about to hold a giant meeting on spending billions to reshape the world
CNBC
This weekend, hordes of foreign diplomats and business leaders are expected to descend on Beijing for a meeting on the "One Belt, One Road" policy. Read the full story
Africa: Uganda, China Hold First Economic Investment Forum
AllAfrica
AllAfrica
(Photo: Herr Bert/Flickr) Kampala Economists have urged government to prioritise investing in Information Communication Technology to support infrastructural developments. The remarks were made at the first Uganda - China Economic Investment and Trade Cooperation Forum 2017 organised convened by the Chinese Enterprises Chamber of Commerce and the Uganda Investment Authority at the Commonwealth Resort in Munyonyo last week. Vice President Edward Ssekandi, who was chief guest at the forum, Read the full story
Africa: Transform Africa Summit Begins in Rwanda
AllAfrica
AllAfrica
(Photo: Timothy Kisambira/The New Times) The third Transform Africa Summit Transform Africa Summit opens today today at the Kigali Convection Centre, attracting about 3,000 delegates. The summit convenes African government leaders and representatives, private sector players, development partners and representatives of organisations in the ICT field. This year's summit's focus is on 'smart cities' with an aim to ensure African capitals embrace technology to effectively deliver services. The Read the full story
Africa: Why the AU Financing Mechanism Must Work
AllAfrica
AllAfrica
Donald Trump's America and its World Trade Organisation (WTO) should and will not stop Africa's efforts towards self-reliance. And, Mauritius should pay the equivalent of the levy, is that an issue? If a country does not want to pay then African Union (AU) should show it the exit door. This AU must work or get destroyed. If it is there to serve Western interests then let's dump it to the garbage. If treaties and WTO are against our interests then let's renegotiate them. If a country like Read the full story
ASIA
China is about to hold a giant meeting on spending billions to reshape the world
CNBC
CNBC
This weekend, hordes of foreign diplomats and business leaders are expected to descend on Beijing for a meeting on the "One Belt, One Road" policy. Read the full story
Asian markets return to gains after Korean election
MarketWatch
MarketWatch
Equity markets in Asia were broadly higher early Wednesday, with local drivers outpacing global geopolitical concerns. Read the full story
EUROPE
'Brussels-ordered COUP' Thousands REVOLT over 'EU meddling' in another European country
Express
THOUSANDS protested outside the EU delegation embassy in Macedonia, amid allegations that the Brussels bloc has 'chosen their leaders'. Thousands of furious Macedonians took to the streets yesterday in anger over alleged EU interference in country's elections. Read the full story
EUROPE
'Brussels-ordered COUP' Thousands REVOLT over 'EU meddling' in another European country
Express
Express
THOUSANDS protested outside the EU delegation embassy in Macedonia, amid allegations that the Brussels bloc has 'chosen their leaders'. Thousands of furious Macedonians took to the streets yesterday in anger over alleged EU interference in country's elections. Read the full story
Backing Brexit? London Mayor Sadiq Khan REJECTS EU boss Juncker's power grab on City banks
Express
Express
LONDON Mayor Sadiq Khan has scaled back support for European Commission president Jean-Claude Juncker as the pair are set for collision course over City jobs, it can be exclusively revealed. The Labour member who was voted in last year says seems to have been forced to back Theresa May's Brexit strategy over the thorny issue. London's financial services sector has been under extreme threat from the European Union's mandarins with unelected president Mr Juncker demanding new powers which will Read the full story
UK will face pay squeeze this year as inflation spikes, warns thinktank
the guardian
NIESR says inflation will rise to 3.4%, well above OBR forecast, prompting real-terms cut in takehome pay UK pay growth outlook is among gloomiest in OECD, says TUC British workers will see their disposable incomes shrinking this year as a result of rising inflation that will peak at 3.4%, a leading economic thinktank has warned. The National Institute of Economic & Social Research said that wage rises would be capped at only 2.7% on average, leaving workers to face the largest real-terms cut in Read the full story
UK will face pay squeeze this year as inflation spikes, warns thinktank
the guardian
the guardian
NIESR says inflation will rise to 3.4%, well above OBR forecast, prompting real-terms cut in takehome pay UK pay growth outlook is among gloomiest in OECD, says TUC British workers will see their disposable incomes shrinking this year as a result of rising inflation that will peak at 3.4%, a leading economic thinktank has warned. The National Institute of Economic & Social Research said that wage rises would be capped at only 2.7% on average, leaving workers to face the largest real-terms cut in Read the full story
Blessed and Highly Favored:
CBI Update:
The CBI for Thursday, May 11, 2017 did update on the indicative rates and the sell rate for the USD is 1184. The currency auction is 158,948,706. There are no updated news and announcements for Thursday, May 11, 2017.
Central Bank announces the increase of Iraq's financial reserves
May 11, 2017 Baghdad - Journal News
The governor of the Central Bank Ali al-Alak, on Thursday, the increase in the foreign exchange reserves of foreign currency than in 2016, confirming the rise to 49 billion dollars.
Al-Alak said in a statement received by the "Journal News" a copy of it, "The Central Bank and despite the decline of oil resources during the past period by up to 70 percent managed to keep and maintain reserves of foreign currency at the level acceptable within international standards, especially as the basic criterion for the adequacy of reserves is Its coverage of the local currency in the sense of how much we have of the dinar and the corresponding dollar. "
He added that "the amount of foreign currency reserves in the bank exceeds the amount of local currency in Iraqi dinars, which is within the criterion of admissibility of this reserve, which prompted the International Monetary Fund to count Iraq's reserves comfortable and reassured by the Convention of credit readiness."
"The current reserves range between 47 billion and 49 billion dollars, which is higher than the reserve level for 2016," he said, adding: "We are not concerned about this reserve within the global indices
ISX Update:
The ISX latest update is Shares Traded is 1,133,704,538 and Values Traded is 1,214,206,656. The ISX ended in GREEN.
UN Operational Rates Update:
The UN Operational Rates will be published on Thursday, May 11, 2017 and will become effective on Monday, May 15, 2017. Also, there is a 48 hour window on either side of May 15, 2017 for the numbers to be revised and still be official for May 15, 2017 (IMO....Thursday, May 17, 2017)
Blogs:
Aggiedad77 Article: "Finance discussed with the US Embassy in Kuwait and compensation settled by means of investment" Quotes: "...it was the ministry 's readiness to complete the second review of the program to prepare credit meetings with the International Monetary Fund." "...meeting also discussed the compensation file with the State of Kuwait and ways settled through investment window inside Iraq." ...the news is hitting the ball out of the park... There are several things of this article I like... first...Iraq is working towards settling their monetary debt to Kuwait...second this is being talked about going through the IMF...that tells me it is real...and third...the mention of being "settled through an investment window inside of Iraq"...did ya'll hear that...read it again..."INVESTMENT WINDOW INSIDE of IRAQ"...whatever could that be... maybe they think they can take the $4.5 billion USD owed to them and turn it into some kind of small fortune for the loss of their royalty at the hands of Saddam... "INVESTMENT" ..."IRAQ"...the fruit is ripe for the picking me thinks...IMO
Delta [...there was another meeting going on...a big meeting that happened about 24 hours ago with Abadi, Joubari, Hakim, Sadr...what do you think about this big meeting with these powerful men...?]
I agree this was a huge meeting...it appears to have been a very successful meeting…We believe this meeting was regarding an announcement...and that is about the liberation of Mosul and they await the right timing...and by the way I do not believe Mosul to be an issue anymore...we are just waiting for them to announce it officially...they just wait for the right moment to announce it...and of course after that we wait for the announcement of the currency or Financial Reform.
Central Bank announces the increase of Iraq's financial reserves
The governor of the Central Bank Ali al-Alak, on Thursday, the increase in the foreign exchange reserves of foreign currency than in 2016, confirming the rise to 49 billion dollars.
Al-Alak said in a statement received by the "Journal News" a copy of it, "The Central Bank and despite the decline of oil resources during the past period by up to 70 percent managed to keep and maintain reserves of foreign currency at the level acceptable within international standards, especially as the basic criterion for the adequacy of reserves is Its coverage of the local currency in the sense of how much we have of the dinar and the corresponding dollar. "
He added that "the amount of foreign currency reserves in the bank exceeds the amount of local currency in Iraqi dinars, which is within the criterion of admissibility of this reserve, which prompted the International Monetary Fund to count Iraq's reserves comfortable and reassured by the Convention of credit readiness."
"The current reserves range between 47 billion and 49 billion dollars, which is higher than the reserve level for 2016," he said, adding: "We are not concerned about this reserve within the global indices
Kauaihn Chatter:
5-10-2017 Newshound Guru mike Article: "Rasheed Bank starts tomorrow to sell the dollar to travelers at the official rate" [This should shrink the spread, do you think?] It will help some, but the max you can buy if you're traveling is $3-5 thousand worth. If they opened up the currency exchange to everyone for whatever amount they wanted it would drop within weeks. The downside to that is they haven't tackled the corruption yet so the reserves would drop even more quickly than it already is. This is one of the two things the IMF has advised them during the Article IV consultations to do, remove exchange restrictions and control the MCP.
5-10-2017 Newshound Guru Adam Montana [Is there actual proof that lower denoms and coins have already been printed or are at least scheduled to be printed?] I'm not sure what "actual proof" you might want, but I've seen and heard enough to be confident that the answer is "Yes".
5-10-2017 Newshound GuruAggiedad77 Article: "Finance discussed with the US Embassy in Kuwait and compensation settled by means of investment" Quotes: "...it was the ministry 's readiness to complete the second review of the program to prepare credit meetings with the International Monetary Fund." "...meeting also discussed the compensation file with the State of Kuwait and ways settled through investment window inside Iraq." ...the news is hitting the ball out of the park... There are several things of this article I like... first...Iraq is working towards settling their monetary debt to Kuwait...second this is being talked about going through the IMF...that tells me it is real...and third...the mention of being "settled through an investment window inside of Iraq"...did ya'll hear that...read it again..."INVESTMENT WINDOW INSIDE of IRAQ"...whatever could that be... maybe they think they can take the $4.5 billion USD owed to them and turn it into some kind of small fortune for the loss of their royalty at the hands of Saddam... "INVESTMENT" ..."IRAQ"...the fruit is ripe for the picking me thinks...IMO
5-10-2017 Newshound/Intel Guru Mnt Goat I asked if there were any new laws pending that mattered? I was told as far as the CBI is concerned they plan to get the green light again from the GOI, just as soon as ISIS and Daesh liberation is completed up north. He did not mention any needed laws stopping the CBI. He sounded VERY optimistic that this was going to happen VERY soon. I asked one last question – Will Ramadam holiday have any impact on the currency reform? I was told Ramadan is the ninth month of the Islamic calendar or the month of June this year since the calendar floats. It will end June 26th with Eid-al-Fitr day. It is fast approaching and we are hoping the GOI can stabilize the northern regions prior to this time period. With only about 3 weeks remaining in May could he mean maybe in May if the GOI can produce and do their part? ...I believe we are looking at a fantastic window of opportunity for a possible increase in the value of the dinar VERY soon and I mean VERY soon. [post 2 of 2]
5-10-2017 Newshound/Intel Guru Mnt Goat In a recent conversation with my CBI contact I was informed that the IMF and the World Bank are both putting extreme pressure on Iraq now to finalize the war on terrorism in the northern regions and then to finalize the financial reforms. I know for a fact there have been numerous meetings between Iraq and these two entities as of lately. What else were they talking about then about financial matters...and what does matters the most right now? I asked will they plan to continue with the “project to delete the zeros” anytime soon? I was told the project never really stopped just that they did not complete the step to convert the currency over. This will be launched soon. Of course he could not give me a date. [post 1 of 2....stay tuned]
5-10-2017 Newshound Guru Adam Montana I was out on my morning run early today, contemplating "The Rate". You know, one of the few questions I try really hard not to answer? I always play "devils advocate" with myself, and I mean hard ball style. Worst case scenario, best case, sideways case... what are the other angles, where else could this go? The CBI can announce a new rate tomorrow, and the financial markets are all going to look at each other and wait to see what the other does. As soon as one player accepts it, then another, then another... pretty quickly, the entire world is on board... What I'm trying to convey here is my renewed conviction that an RV rate of .10 STILL makes sense to me...but the people who run the CBI aren't stupid. They surely know that when they change the rate, they are starting a snowball down a mountain. Let's get rolling, baby!
5-10-2017 Intel Guru Bruce This morning [Tuesday] we were suppose to have the new budget for Iraq in their Gazette published. It was not in the Gazette. The budget would contain the rate of the dinar, something everyone could see and therefore could be put out around the world for all to see the new Iraqi dinar rate. It is something they have sort of kept from us. Possibly waiting for the announcement about Mosul... The process is under way. The GCR/RV is under way. We are in the midst of it happening now. It has initiated. Just realize we are right there. The rates continue to be traded up. They are in great shape. We know it is coming. They are finishing up last minute touches. The information I just got is very exciting. The proximity is we are right there. I can’t say we will definitely have it tonight or tomorrow. ...it wouldn’t surprise me if we get it...soon. I am very excited.
5-10-2017 Newshound Guru Kaperoni Article: "Central: The reality of the Iraqi economy makes it imperative to develop financial operations" Quote: "indicating that the deposit guarantee law is the cornerstone of this topic and its application is true to move liquidity in the right direction and transfer to the banking sector , which Ciozvha in the national economy first . The estimated volume of liquidity in Iraq to 47 trillion Iraqi dinars in homes around hoarding 70 percent of this amount , according to indicators of specialized centers and finance experts. " I see Iraq a crossroads, they need to get these things done now so the CBI can get the banking system open to the world for foreign investment. No time to waste and they have been talking about a private sector way to long.
5-10-2017 Intel Guru Delta [...there was another meeting going on...a big meeting that happened about 24 hours ago with Abadi, Joubari, Hakim, Sadr...what do you think about this big meeting with these powerful men...?] I agree this was a huge meeting...it appears to have been a very successful meeting…We believe this meeting was regarding an announcement...and that is about the liberation of Mosul and they await the right timing...and by the way I do not believe Mosul to be an issue anymore...we are just waiting for them to announce it officially...they just wait for the right moment to announce it...and of course after that we wait for the announcement of the currency or Financial Reform... [post 2 of 2]
5-10-2017 Intel Guru Delta [Abadi and Allak are going to look like heroes aren’t they.] Oh yes those two people will look so good, especially once Mosul is liberated...they get the credit...even with no official notification...all indications and what they are doing behind closed doors and with the economic conferences and seminars taking place...they are shifting their focus from terrorists to their economy because we believe Mosul is a done deal...yes these two people I believe will look like heroes...one is the Prime Minister Abadi...like two birds with one stone who liberates every city from DAASH and ISIS and gives Iraq Security...and the other one is the governor of the CBI Allak who will also look like a hero for the plan he has created...this guy is doing what is necessary to help their currency and their country and he deserves a lot of the credit. [post 1 of 2....stay tuned5-9-2017 Intel Guru Delta [...what can you share about the MO figures? What is your opinion?] I think they are very low. The spreadsheet of the CBI will show something like 27 trillion. The exact cash in the hands of the citizens...they say they have around 70%...but never share the exact amount. Remember about 2 years ago they said they reprinted about 4 Trillion Dinars. I believe...maybe like a couple of trillion in the hands of the people because most citizens have USD’s. Exchange with citizens will either be electronic or into lower denoms. The only time you can buy USD’s will be if an Iraqi is traveling to the USA and shows documentation. The CBI is not going to lose any money. A month ago...they stated they had like 11 billion dinars...I think they have less than that. Inside of Iraq...a dinar is a dinar – they can’t exchange for USD’s.
5-9-2017 Intel Guru Frank26 [Guru] Delta has told us that in Arabic...they HAVE LAUNCHED the FINANCIAL REFORMS in Iraq. This is the first time we (Team) recalls seeing an article where the World Bank and the IMF DEMANDING of a country to do their financial reforms. As you know, the IMF and the World Bank only deal with money issues – they are not a political organization. The BUDGET to INVESTORS...they all need a change in the rate of the currency of Iraq. Consider this month of May...the event of Ramadan...it lasts for 30 days...It starts on the 25th...and leads into a 3 day holiday called EID...which helps the poor. In the 8 years I have been with you...they don’t do anything during Ramadan or EID. Maybe this is why the monetary reforms should happen BEFORE Ramadan. Keep in mind...you don’t stop a LAUNCH in mid-flight! [post 2 of 2]
5-9-2017 Intel Guru Frank26 Article: "Baghdad/ Iraq TradeLink: Iraqi Acting Finance Minister Abdul Razzak al-Issa stated that the financial reform in the courntry, in cooperation with the World Bank (WB) has been started." IMO the IMF and the World Bank made a plan. The World Bank and the IMF have agreed as of December 2016 to follow through – known as the “Financial Reform” of the IQD. As you know...there was a delay due to stability / security / Mosul. Three days ago, an article came out and said that they had LAUNCHED their Financial Reforms. They (IMF & World Bank) have been demanding for Iraq to do this. Iraq will not be able to go back on their agreement. They have LAUNCHED the reforms family! [post 1 of 2....stay tuned]
5-10-2017 Newshound Guru Adam Montana [Is there actual proof that lower denoms and coins have already been printed or are at least scheduled to be printed?] I'm not sure what "actual proof" you might want, but I've seen and heard enough to be confident that the answer is "Yes".
5-10-2017 Newshound GuruAggiedad77 Article: "Finance discussed with the US Embassy in Kuwait and compensation settled by means of investment" Quotes: "...it was the ministry 's readiness to complete the second review of the program to prepare credit meetings with the International Monetary Fund." "...meeting also discussed the compensation file with the State of Kuwait and ways settled through investment window inside Iraq." ...the news is hitting the ball out of the park... There are several things of this article I like... first...Iraq is working towards settling their monetary debt to Kuwait...second this is being talked about going through the IMF...that tells me it is real...and third...the mention of being "settled through an investment window inside of Iraq"...did ya'll hear that...read it again..."INVESTMENT WINDOW INSIDE of IRAQ"...whatever could that be... maybe they think they can take the $4.5 billion USD owed to them and turn it into some kind of small fortune for the loss of their royalty at the hands of Saddam... "INVESTMENT" ..."IRAQ"...the fruit is ripe for the picking me thinks...IMO
5-10-2017 Newshound/Intel Guru Mnt Goat I asked if there were any new laws pending that mattered? I was told as far as the CBI is concerned they plan to get the green light again from the GOI, just as soon as ISIS and Daesh liberation is completed up north. He did not mention any needed laws stopping the CBI. He sounded VERY optimistic that this was going to happen VERY soon. I asked one last question – Will Ramadam holiday have any impact on the currency reform? I was told Ramadan is the ninth month of the Islamic calendar or the month of June this year since the calendar floats. It will end June 26th with Eid-al-Fitr day. It is fast approaching and we are hoping the GOI can stabilize the northern regions prior to this time period. With only about 3 weeks remaining in May could he mean maybe in May if the GOI can produce and do their part? ...I believe we are looking at a fantastic window of opportunity for a possible increase in the value of the dinar VERY soon and I mean VERY soon. [post 2 of 2]
5-10-2017 Newshound/Intel Guru Mnt Goat In a recent conversation with my CBI contact I was informed that the IMF and the World Bank are both putting extreme pressure on Iraq now to finalize the war on terrorism in the northern regions and then to finalize the financial reforms. I know for a fact there have been numerous meetings between Iraq and these two entities as of lately. What else were they talking about then about financial matters...and what does matters the most right now? I asked will they plan to continue with the “project to delete the zeros” anytime soon? I was told the project never really stopped just that they did not complete the step to convert the currency over. This will be launched soon. Of course he could not give me a date. [post 1 of 2....stay tuned]
5-10-2017 Newshound Guru Adam Montana I was out on my morning run early today, contemplating "The Rate". You know, one of the few questions I try really hard not to answer? I always play "devils advocate" with myself, and I mean hard ball style. Worst case scenario, best case, sideways case... what are the other angles, where else could this go? The CBI can announce a new rate tomorrow, and the financial markets are all going to look at each other and wait to see what the other does. As soon as one player accepts it, then another, then another... pretty quickly, the entire world is on board... What I'm trying to convey here is my renewed conviction that an RV rate of .10 STILL makes sense to me...but the people who run the CBI aren't stupid. They surely know that when they change the rate, they are starting a snowball down a mountain. Let's get rolling, baby!
5-10-2017 Intel Guru Bruce This morning [Tuesday] we were suppose to have the new budget for Iraq in their Gazette published. It was not in the Gazette. The budget would contain the rate of the dinar, something everyone could see and therefore could be put out around the world for all to see the new Iraqi dinar rate. It is something they have sort of kept from us. Possibly waiting for the announcement about Mosul... The process is under way. The GCR/RV is under way. We are in the midst of it happening now. It has initiated. Just realize we are right there. The rates continue to be traded up. They are in great shape. We know it is coming. They are finishing up last minute touches. The information I just got is very exciting. The proximity is we are right there. I can’t say we will definitely have it tonight or tomorrow. ...it wouldn’t surprise me if we get it...soon. I am very excited.
5-10-2017 Newshound Guru Kaperoni Article: "Central: The reality of the Iraqi economy makes it imperative to develop financial operations" Quote: "indicating that the deposit guarantee law is the cornerstone of this topic and its application is true to move liquidity in the right direction and transfer to the banking sector , which Ciozvha in the national economy first . The estimated volume of liquidity in Iraq to 47 trillion Iraqi dinars in homes around hoarding 70 percent of this amount , according to indicators of specialized centers and finance experts. " I see Iraq a crossroads, they need to get these things done now so the CBI can get the banking system open to the world for foreign investment. No time to waste and they have been talking about a private sector way to long.
5-10-2017 Intel Guru Delta [...there was another meeting going on...a big meeting that happened about 24 hours ago with Abadi, Joubari, Hakim, Sadr...what do you think about this big meeting with these powerful men...?] I agree this was a huge meeting...it appears to have been a very successful meeting…We believe this meeting was regarding an announcement...and that is about the liberation of Mosul and they await the right timing...and by the way I do not believe Mosul to be an issue anymore...we are just waiting for them to announce it officially...they just wait for the right moment to announce it...and of course after that we wait for the announcement of the currency or Financial Reform... [post 2 of 2]
5-10-2017 Intel Guru Delta [Abadi and Allak are going to look like heroes aren’t they.] Oh yes those two people will look so good, especially once Mosul is liberated...they get the credit...even with no official notification...all indications and what they are doing behind closed doors and with the economic conferences and seminars taking place...they are shifting their focus from terrorists to their economy because we believe Mosul is a done deal...yes these two people I believe will look like heroes...one is the Prime Minister Abadi...like two birds with one stone who liberates every city from DAASH and ISIS and gives Iraq Security...and the other one is the governor of the CBI Allak who will also look like a hero for the plan he has created...this guy is doing what is necessary to help their currency and their country and he deserves a lot of the credit. [post 1 of 2....stay tuned5-9-2017 Intel Guru Delta [...what can you share about the MO figures? What is your opinion?] I think they are very low. The spreadsheet of the CBI will show something like 27 trillion. The exact cash in the hands of the citizens...they say they have around 70%...but never share the exact amount. Remember about 2 years ago they said they reprinted about 4 Trillion Dinars. I believe...maybe like a couple of trillion in the hands of the people because most citizens have USD’s. Exchange with citizens will either be electronic or into lower denoms. The only time you can buy USD’s will be if an Iraqi is traveling to the USA and shows documentation. The CBI is not going to lose any money. A month ago...they stated they had like 11 billion dinars...I think they have less than that. Inside of Iraq...a dinar is a dinar – they can’t exchange for USD’s.
5-9-2017 Intel Guru Frank26 [Guru] Delta has told us that in Arabic...they HAVE LAUNCHED the FINANCIAL REFORMS in Iraq. This is the first time we (Team) recalls seeing an article where the World Bank and the IMF DEMANDING of a country to do their financial reforms. As you know, the IMF and the World Bank only deal with money issues – they are not a political organization. The BUDGET to INVESTORS...they all need a change in the rate of the currency of Iraq. Consider this month of May...the event of Ramadan...it lasts for 30 days...It starts on the 25th...and leads into a 3 day holiday called EID...which helps the poor. In the 8 years I have been with you...they don’t do anything during Ramadan or EID. Maybe this is why the monetary reforms should happen BEFORE Ramadan. Keep in mind...you don’t stop a LAUNCH in mid-flight! [post 2 of 2]
5-9-2017 Intel Guru Frank26 Article: "Baghdad/ Iraq TradeLink: Iraqi Acting Finance Minister Abdul Razzak al-Issa stated that the financial reform in the courntry, in cooperation with the World Bank (WB) has been started." IMO the IMF and the World Bank made a plan. The World Bank and the IMF have agreed as of December 2016 to follow through – known as the “Financial Reform” of the IQD. As you know...there was a delay due to stability / security / Mosul. Three days ago, an article came out and said that they had LAUNCHED their Financial Reforms. They (IMF & World Bank) have been demanding for Iraq to do this. Iraq will not be able to go back on their agreement. They have LAUNCHED the reforms family! [post 1 of 2....stay tuned]
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
ARTICLE 1 (from PM Abadi's website; posted only on Arabic side, not posted on English side)
No new posting today.
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ARTICLE 2
Jubouri from Babylon: Iraq is close to complete liberation and is to rid of sectarianism
2017/5/11 12:52
[Ayna-Baghdad]
The Speaker of the House of Representatives Salim al-Jubouri on Thursday, visited a condolence council in the province of Babylon and met with a number of elders and tribal leaders and elite security leaders in the province.
The Speaker of the House of Representatives Salim al-Jubouri on Thursday, visited a condolence council in the province of Babylon and met with a number of elders and tribal leaders and elite security leaders in the province.
"Iraq has become close to the total liberation from intimidation and terrorism, thanks to the sacrifice of our heroic security forces, and it must rid itself of sectarianism and sedition by means of a state of solidarity among the people," al-Jubouri said during a visit to Iraq. "He said.
"He added that" urging a painful page must be eliminated and Iraq must stabilize and feel the Iraqi citizen respect and has all the services that deserve after this difficult experience. "
Jubouri called on "countries to deal with Iraq in accordance with the real and pivotal role as a decision maker and a major contributor to solving the problems of the region."
He stressed that "preaching and terrorism is a first stage and we are waiting for other stages that need a common role in which the citizen contributes to building solid institutions capable of promoting the country."
"He added that" urging a painful page must be eliminated and Iraq must stabilize and feel the Iraqi citizen respect and has all the services that deserve after this difficult experience. "
Jubouri called on "countries to deal with Iraq in accordance with the real and pivotal role as a decision maker and a major contributor to solving the problems of the region."
He stressed that "preaching and terrorism is a first stage and we are waiting for other stages that need a common role in which the citizen contributes to building solid institutions capable of promoting the country."
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ARTICLE 3
Masoum endorses the law of the Iraqi media network
2017/5/10 18:32
[Ayna - Baghdad]
President of the Republic Fuad Masoum on Wednesday approved the first amendment to the law of the Iraqi media network.
President of the Republic Fuad Masoum on Wednesday approved the first amendment to the law of the Iraqi media network.
A statement issued by the Presidency of the Republic published on its website, the agency of all Iraq [where] it that "infallible ratified the" First Amendment Law of the Iraqi Media Network Law No. (26) for the year 2015, which voted by the House of Representatives earlier. "
The Office explained that "this law was initiated due to the issuance of the decision of the Federal Supreme Court No. 90 and units 99/107 / Federal / 2015] on 27/6/2016 and the ruling unconstitutional many of the provisions of the Iraqi Media Network Law No. 26 of 2015 and to fill the legislative vacuum that The latest ruling said, "noting that" this law was sent for publication in the Official Gazette "
The House of Representatives voted on the third of last April to approve the proposed law of the first amendment to the law of the Iraqi media network.
The House of Representatives voted on the third of last April to approve the proposed law of the first amendment to the law of the Iraqi media network.
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ARTICLE 4
The killing of an elite calling for a qualitative operation in Ayman Mosul
2017/5/11 9:49
[Ayna-Baghdad]
Intelligence sources inside Mosul said that a security force killed a large number of members of the so-called "elite" of terrorist gangs on the right side of the city.
Intelligence sources inside Mosul said that a security force killed a large number of members of the so-called "elite" of terrorist gangs on the right side of the city.
The sources told the agency of all Iraq [where] a copy of it, that "a security force and supported by the air force of Iraq was able to kill a large number of so-called elements of the elite of Da'ash district July 17 in Ayman Mosul after accurate intelligence about where they are where Iraqi forces stormed their place And killed a large number of them and arrested others. "
The sources added that "the weapons and equipment of these gangs were seized in the process of counting specialists in a quality operation suffered by gangs, during which the terrorist called for significant human and material losses."
The Da'ash terrorist gangs have lost most of the villages and neighborhoods they controlled in the right-hand coast of Mosul and could not withstand the rapid advance of Iraqi security forces.
The sources added that "the weapons and equipment of these gangs were seized in the process of counting specialists in a quality operation suffered by gangs, during which the terrorist called for significant human and material losses."
The Da'ash terrorist gangs have lost most of the villages and neighborhoods they controlled in the right-hand coast of Mosul and could not withstand the rapid advance of Iraqi security forces.
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ARTICLE 5
By the map .. What remains of the occupation of Ayman Mosul and his proportion of the city?
2017/5/11 12:38
[Ayna-Baghdad]
The Joint Operations Command / Military Information Cell published the latest map on the right side of the city of Mosul, and how much space is occupied by terrorist gangs.
According to the map received by the agency of all Iraq [where] a copy of it to "the presence of a caller in 10% of the west side of the city."
The chief of staff of the Iraqi army, Major General Othman al-Ghanmi, had predicted the end of last month that the liberation of the right side and the liberation of the city of Mosul entirely from the gangs of terrorist preachers before the month of Ramadan next, which ends the month of May.
The chief of staff of the Iraqi army, Major General Othman al-Ghanmi, had predicted the end of last month that the liberation of the right side and the liberation of the city of Mosul entirely from the gangs of terrorist preachers before the month of Ramadan next, which ends the month of May.
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ARTICLE 6
Hakim to the Christians of Iraq: Be keen to be in positions of responsibility
2017/5/10 21:46
[Ayna - Baghdad]
The head of the National Alliance Ammar al-Hakim, on Wednesday, to a delegation of the Christian component to ensure their presence in positions of responsibility.
The head of the National Alliance Ammar al-Hakim, on Wednesday, to a delegation of the Christian component to ensure their presence in positions of responsibility.
"The delegation of the Iraqi National Alliance met with the Christian component headed by His Beatitude Louis Sako, where the National Alliance expressed the hope that the surveyors would find partners and attendees in positions of responsibility and response. As we are partners in the ordeal, we must be partners. In the grant as well."
The statement added that "the meeting dealt with all the concerns that we live in the homeland and prospects for the future, while we blessed the great victories achieved by our sons in the armed forces with all their addresses and affiliations."
He stressed that "the visit of the delegation of the National Alliance, representing the symbol of the parliamentary bloc the largest expression of pride and consolidation of the values of coexistence and peace and love, harmony and integration," pointing to "the draft national settlement carried by the National Alliance of partners in the homeland."
He pointed out that "the parties are deliberating on the principles and principles of this project and listening to deep and important observations. We are promised a paper that reflects the observations and ideas of the Christian component towards the national settlement project."
The statement added that "the meeting dealt with all the concerns that we live in the homeland and prospects for the future, while we blessed the great victories achieved by our sons in the armed forces with all their addresses and affiliations."
He stressed that "the visit of the delegation of the National Alliance, representing the symbol of the parliamentary bloc the largest expression of pride and consolidation of the values of coexistence and peace and love, harmony and integration," pointing to "the draft national settlement carried by the National Alliance of partners in the homeland."
He pointed out that "the parties are deliberating on the principles and principles of this project and listening to deep and important observations. We are promised a paper that reflects the observations and ideas of the Christian component towards the national settlement project."
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ARTICLE 7
Laughter for two minutes is equivalent to walking for 20 minutes
MUNICH (Reuters) - Laughter is beneficial to mental and psychological health and helps people with severe illnesses forget their pain and get rid of fear, and laughter for two minutes is equivalent to walking for 20 minutes, according to a recent study.
According to the report, "Deutsche Welle" German in a report a few days ago, according to the previous study, the equivalent of laughter for two minutes worth running and running for twenty minutes, and showed that adults laugh fifteen times a day while children laugh four hundred times.
The researchers added that the scientists have found that laughter and even artificial, it has a positive impact on the body because during laughter, the air enters the lungs strongly, which provides the body's cells with greater amounts of oxygen, and thus reduce pressure and tension.
Experimenting by sending 77 people to frozen water, he was able to laugh at them, suffering from cold pain for a longer period due to a 30 percent reduction in pain. Previous studies have suggested that many men laugh more than women, as women fear laughing too much for fear of having facial wrinkles, according to a study by the Max Planck Institute.
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