Word on the Street Wedneday 5/10/17:
Listen to this guy it's all about Iraq
Listen to this guy it's all about Iraq
Ghanmi is likely to regain control of the rest of Mosul before the start of the holy month of Ramadan
link I'm hoping welll before Ramadan
Iraqi Army Chief of Staff Lieutenant General Osman al-Ghanmi has decided to regain control of the rest of the city of Mosul before the start of the holy month of Ramadan.
Al-Ghanami said in remarks to the BBC that the militants of the Da'ash organization were trapped in very limited areas following the progress made by the Iraqi forces on the northern front of the city during the past two days.
The Iraqi forces are engaged in fierce fighting to liberate the rest of the city of Mosul by following new plans to reduce the time and effort to save civilians from the brutality of the organization calling the terrorist.
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,141.5000 | 1,140.6000 | 1,141.5000 | | 07:11 |
| USD/VND | | | 22,386.0000 | 22,376.0000 | 22,386.0000 | | 07:11 |
| USD/CNY | | | 6.9094 | 6.8964 | 6.9074 | | 07:15 |
| USD/KWD | | | 0.3046 | 0.3037 | 0.3038 | | 06:43 |
| GBP/USD | | | 1.2986 | 1.2939 | 1.2947 | | 07:15 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 13,374.0000 | 13,341.0000 | 13,358.0000 | | 07:15 |
CNBC Link: http://www.cnbc.com/markets/
CNBC Morning Squawk Link: https://view.response.cnbc.
Tish:
Alumaria News / Basra
Alumaria News / Basra
Economists experts from the province of Basra, their surprise at the insistence of the Iraqi government to use (penny) in cash as a unit of accounting receipts for most of the institutions and departments despite the fact that"penny" of the extinct trading three decades ago.
A professor of economics at the University of Basra d. Nabil Marsoumy in an interview with Alsumaria News for, " The accounting receipts used by most government departments in Iraq , where the amounts columns are divided into two parts , one dinar and theother fils, which is surprising because the penny is no longer circulating for more than thirty years , " noting that " government accounting receipts remain unchanged reflects the extent of the failure ofmanagement thought, so that the hand of reform did not extend so far intuitive to simple details are handled thousands of times a day. "
this part seems to indicate they are using lower denoms and fils now IMO
Marsoumy pointed out that " the dirham , which enjoyed greater penny cash value is no longer used for a long time , " adding that "administrative leaders in the country if they are not able to change receipts and a small paper , how can develop the economy and achieve administrative reform."
For his part, President of the Iraqi Economists Association in Basra , Ali Alaill said in an interview with Alsumaria News for, " The world has come a long way in the application of electronic accounting systems and we are still use receipts and paper recognize fils cash as a unit , " adding that "addressing this gap does not require administrative genius nor financial allocations, but need only a simple guidance from the cabinet Secretariat to the ministries to delete a column from the penny receipts circles. "
Alaill pointed out that " the sons of the new generation do not know anything about the penny , except the old amateur currency collecting them."
I know it says afternoon but I'm sure that is a translation thing hahaha
The penny was one of cash categories traded in Iraq, and since the Ottoman era and even the extinction of trading was coining of copper to lower its value, it is the smallest unit of cash, and this afternoon is common ideals (not equal fils) to indicate the lack of importance of the thing, and during their occupation of Iraq period decided Englishmen in 1920 , the abolition of the penny trading with the rest of the units of the Ottoman currency, then work it back as a cash junior starting in 1932, and continued the penny in circulation until the early eighties, perhaps so far, at least in receipts and accounting records used by many government departments , including Directorates and municipal water Municipalities, education, traffic, communications and health.
DC NY Iraq Articles:
Baghdad Municipality announces: A street in Sadr City will turn into the most beautiful streets of the capital
Release date: 2017/5/9 8:32 • 547 times prescribed
(Baghdad: Al-Furat News) The Secretariat of Baghdad announced that the internal street in Sadr City will turn into one of the most beautiful streets of the capital after completion of the work of its development and opening during the next few days.
The Secretariat of Baghdad in a press statement received by the agency {Euphrates News} a copy of it, that "the staff of the Municipality of Sadr City first close to the completion of the development and rehabilitation of the inner street in Sadr City with distinctive designs mixed with modernity and heritage to turn it into one of the most beautiful and beautiful streets of the capital Baghdad.
She pointed out that "the implementation of this project is the first starting point towards the development of the streets of the city in accordance with the conditions and standards and permanent specifications of the roads in terms of engineering design and level of surface level, asphalt and paving stones, and the establishment of an advanced system for lighting and furnishing traffic signs and guidance to ensure smooth flow and decomposition of traffic jams.
She explained that "the rate of completion of this project amounted to about 98% and it is hoped to complete and open in the next few days
.Deputies .. Invitation of the President infallible to rehabilitate laboratories collide with his duties
She pointed out that "the implementation of this project is the first starting point towards the development of the streets of the city in accordance with the conditions and standards and permanent specifications of the roads in terms of engineering design and level of surface level, asphalt and paving stones, and the establishment of an advanced system for lighting and furnishing traffic signs and guidance to ensure smooth flow and decomposition of traffic jams.
She explained that "the rate of completion of this project amounted to about 98% and it is hoped to complete and open in the next few days
The amnesty law reinforces warnings of terrorists being fired
Baghdad - Journal News
The foreign commission of the Iraqi parliament confirmed the existence of efforts by some influential to protect the terrorists and market them for political action under the pretext of "settlement".
A member of the committee, Mithal Alousi, told the Journal News on Tuesday that "everyone stands with the efforts to remove the innocent from prisons and the application of independent judiciary."
"There are already efforts to protect the terrorists and market them for political action under the pretext of" settlement ", which is to the satisfaction of this country or that, and there are doubts about the existence of financial payments are promised to some politicians to market to terrorists.
He stressed the need for accuracy and certainty when dealing with the file of the amnesty law.
Alusi expressed his solidarity with the amnesty law for a new beginning, but said at the same time that it was against the amnesty law for terrorists.
The state law MP Awatif Naama on Tuesday that the law of amnesty and the release of criminals encouraged a large number of politicians to demand the removal of other groups who have stained their hands with the blood of Iraqis.
The government has taken responsibility for the release of criminals from prison and their return to the practice of terrorism again through the lack of adequate safeguards and strict laws to hold the offender accountable.
MP Muwaffaq al-Rubaie, was surprised by the recent initiative called by the Iraqi President Fuad Masum to the necessity of reforming the factories in the country, and stressed that this is not the core of the work of the President of the Republic and not his competence.
"The revitalization of the Iraqi economy comes through a set of operational and practical measures and the development of a comprehensive plan, in part privatization and the laws that govern the work," al-Rubaie said during a statement to the Journal News on Monday. Return to the House of Representatives and the Prime Minister exclusively. "
"At the same time, the invitation of the President of the Republic is a blessing and a commendation because it creates an atmosphere of awareness that the sector of industrial sectors should be interested and thinking, and must take practical measures in the revitalization of the industrial sector."
A member of the Committee on Economy and Investment parliamentary, Abdul Salam al-Maliki, told the "Journal News" on Monday, "The initiative of President Fuad Masum came to achieve the advancement of the elements that support the Iraqi economy, re-maintenance of factories and attention to cadres engineering in all areas of productivity and increase their allocations, To protect engineers is necessary to achieve self-sufficiency and push the Iraqi economy forward. "
He added that "the domestic product suffers because of the rampant corruption in the state institutions, there is utmost importance to protect the Iraqi industrial and agricultural product, and reduce the phenomenon of random import and export orientation and the development of effective plans to issue legal frameworks to support and develop the private sector."
Governor of Basrah .. The law confirms the existence of a desire to change it and the citizen prepared by the judge
The news and views on the change of the governor of Basra by the Supreme Islamic Iraqi Council, and a member of the Basra Provincial Council for a coalition of law Ahmed Abdul Hussein, on Tuesday the desire of the citizen bloc to change it.
Abdul Hussein told the "Journal News", "The desire to change the governor of Basra, Majid al-Nasrawi, are leaders of the Supreme Council, unlikely to be the change by the political blocs or through political pressure in Basra."
"There was no official request from the citizen's bloc or signatures to hold a session in the provincial council to change the governor."
For its part, the citizen bloc in the Basra Governorate Council denied the existence of a desire to remove Nassrawi as governor of Basra, considering these statements an attempt to create a politically charged atmosphere in the province.
The head of the bloc, Amin Wahab, said that what has been circulated in the media on the replacement of the governor to his health.
He described the news as an attempt to disrupt the achievements of the governor and the political politicization only.
Iraq announces the seizure of secret papers containing "important" information for Daish
The Iraqi Interior Ministry announced on Tuesday the seizure of documents and secret papers to organize the calls for "important gatherings in the province of Salah al-Din.
A security force of the Diyala police found secret documents of gang members calling on the terrorists in the Mutibeja district of Salah ad Din province," ministry spokesman Brigadier General Saad Maan said in a statement to the twilight news.
He explained that these documents "are books and books in addition to papers containing important information about the organization, weapons and equipment and a mobile memory containing secret papers and video clips of the elements and the names of the terrorists and their names during the process of liberating the region."
Kauaihn Iraq Articles:
Iraqi forces liberate a stronghold of the Muqtakhat "Da'ash" in Mosul
Iraqi forces completely liberated the area used by the Da'ash organization to manufacture hazardous materials in Ayman Mosul, north of Baghdad.
Ninewa volunteers spokesman Mahmoud al-Surji said in a press statement that the forces of the first and second counter-terrorism forces, led by Lieutenant General Abdul Wahab al-Saadi, liberated the industrial zone on the right coast of Mosul, the center of Nineveh, completely controlled by the terrorist organization Da'ash.
Al-Surji stressed that the losses of the Da'ash organization are large in this region where there was strong fighting in which the Iraqi forces won and resulted in the killing of dozens of elements of the organization, including 50 bodies whose bodies are scattered.
He added that the industrial zone is open, and was used by the organization "calling" the terrorist to car bomb and plating, and the manufacture of improvised explosive devices and weapons and dangerous materials, "noting that the phase of cleansing and inspection will begin within hours in the region to remove dangerous waste and the detection of hidden elements
Jubouri to the Romanian Prime Minister: We need your country's participation in the reconstruction of Iraq
Prime Minister Salim al-Jubouri discussed with Romanian Prime Minister Soren Mihai Grindatio the importance of bilateral coordination in all fields as well as issues of concern.
The Speaker of the House of Representatives, according to a statement, "the need to open new horizons of cooperation, especially at the parliamentary level, economic and military."
"Iraq is fighting a war to liberate its territory from the clutches of terrorism and it is also defending international peace and security. This war took place under difficult circumstances, but the will, unity and determination of the Iraqis enabled them to break the enemy's arm and make it live its last days on the land of Iraq. The same time the role of Romania and all friendly countries that have provided support. "
He pointed out that "Iraq is coming to an important stage after the elimination of the call for reconstruction and reconstruction, and we need the participation of all friendly countries in it."
For his part, the Romanian Prime Minister expressed his willingness to support Iraq in its war against terrorism, expressing Romania's desire to activate trade and economic cooperation.
The Speaker of the House of Representatives, according to a statement, "the need to open new horizons of cooperation, especially at the parliamentary level, economic and military."
"Iraq is fighting a war to liberate its territory from the clutches of terrorism and it is also defending international peace and security. This war took place under difficult circumstances, but the will, unity and determination of the Iraqis enabled them to break the enemy's arm and make it live its last days on the land of Iraq. The same time the role of Romania and all friendly countries that have provided support. "
He pointed out that "Iraq is coming to an important stage after the elimination of the call for reconstruction and reconstruction, and we need the participation of all friendly countries in it."
For his part, the Romanian Prime Minister expressed his willingness to support Iraq in its war against terrorism, expressing Romania's desire to activate trade and economic cooperation.
Baghdad contract workers are demonstrating to demand their salaries
Dozens of contract workers at the Iraqi Ministry of Electricity, on Tuesday, in central Baghdad, to demand the payment of salaries delayed several months ago.
A reporter for the "Journal News", "Dozens of contract employees in the Ministry of Electricity, demonstrated this morning, in front of the Ministry of Finance in Waziriya, central Baghdad, to demand the payment of salaries delayed several months."
He added that "the protesters carried banners with the words (cut off necks and cut the livelihood), in reference to their salaries cut for them to the lack of financial allocations."
Most of the state departments suffer from a real crisis in providing salaries to their employees who are not affiliated with permanent owners because of the lack of financial allocations.
Demanding to wait for the dismissal of the Electoral Commission for the end of its work in September
A deputy from Diyala province said that the issue of questioning and monitoring role is protected by the constitution and the law, but in some cases political fuss in some interrogations that change the results of interrogation.
"The period of the end of UNHCR's work on September 21 this year and there are no electoral procedures in the next four months," MP Salah Mzahim al-Jubouri told The Journal News on Tuesday.
Al-Jubouri called for the need to wait or not to vote on the dismissal of the Commission during the next period so that there is no vacancy in the work of the Commission because the current commission is working on issuing the licenses of parties that have applied for permission to establish a party.
He stressed that "the dismissal of the Commission at this time has more negative consequences than to have an advantage enrich the political process."
He pointed out that "the Commission, which will be authorized will manage the file of elections in the country."
It is noteworthy that the Iraqi Council of Representatives voted unconvinced by the 119 votes on the answers of the President of the Electoral Commission and the conviction by 118 deputies and 15 votes were considered invalid or void.
Security conference in southern Iraq to limit weapons and reduce drugs
May 9, 2017Maysan - Journal News
The Security and Defense Committee of the Iraqi Parliament is preparing to hold an expanded security conference in the southern province of Maysan to examine the security breaches in the southern provinces.
The commander of the Rafidain operations, "the forces responsible for maintaining security in the southern provinces of Iraq," held a security conference in the province of Maysan, earlier this month, in the presence of the provincial police chief, departmental managers, security and intelligence services, the heads of emergency regiments, director of intelligence and security of Rafidain, Officers from the Operations Command Corner.
A member of the Committee on Security and Defense parliamentary, and based on this conference, Majid Ghraoui, in a speech reported by the reporter, "The Journal News," that "the Committee is preparing to establish a security conference to find out the causes of security breaches in the provinces of Maysan, Basra and Dhi Qar and Wasit, and the size of the crimes, Tribal problems and criminal crimes and the widespread phenomenon of drug abuse and trafficking, to develop appropriate solutions to them.
"In light of the conference, the committee will propose solutions to take deterrent measures to reduce the spread of arms in most of the southern provinces," he said.
Armed manifestations, drug abusers, and security breaches have become the hallmarks of a number of southern provinces recently, as Iraqi security forces seek to enforce the law and arm arms with the state for more than five years.
And to reduce the spread of arms in most southern provinces.
Kauaihn Economic Times:
ECONOMIC TIMES/CHATTER
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GLOBAL/NEWS/INFO
This is how Warren Buffett manages 360,000 Berkshire Hathaway employees
CNBC
CNBC
The self-made billionaire prioritizes being a good boss. Read the full story
Häagen-Dazs celebrates Free Cone Day today
USA TODAY
USA TODAY
The ice cream maker is using the day to raise awareness of honey bees. Read the full story
OIL / COMMODITIES / ENERGY
Global gold prices hold near seven-week low on low demand
Livemint
Bengaluru: Gold prices inched up on Tuesday, but remained near seven-week lows hit in the previous session as safe-haven demand ebbed in the wake of France’s presidential election. Read the full story
OIL / COMMODITIES / ENERGY
Global gold prices hold near seven-week low on low demand
Livemint
Livemint
Oil prices rise, but analysts warn market is fragile
MarketWatch
Plenty of worries remain for oil prices, though they managed to gain on Tuesday. Read the full story
Goldman Sachs: Why the commodities rally might be different this time
CNBC
Commodity prices usually rally as the U.S. Federal Reserve heads into a hiking cycle, but it might be different this time, Goldman said in a note Monday. Read the full story
BANKS / BANKING
Oil prices rise, but analysts warn market is fragile
MarketWatch
MarketWatch
Plenty of worries remain for oil prices, though they managed to gain on Tuesday. Read the full story
Goldman Sachs: Why the commodities rally might be different this time
CNBC
CNBC
Commodity prices usually rally as the U.S. Federal Reserve heads into a hiking cycle, but it might be different this time, Goldman said in a note Monday. Read the full story
BANKS / BANKING
Credit, Debit, Prepaid Card Purchases Increased 7 Percent In 2016PYMNTS.com
Credit, debit and prepaid cards issued in the U.S. saw purchase volume increase 7 percent year over year in 2016. That’s according to the Nilson Report, which said in a press release Monday (May 8) that credit, debit and prepaid cards’ purchase volume in the U.S. reached $5.648 trillion in 2016. “Consumers are choosing credit cards over debit cards to... Read the full story
Credit, debit and prepaid cards issued in the U.S. saw purchase volume increase 7 percent year over year in 2016. That’s according to the Nilson Report, which said in a press release Monday (May 8) that credit, debit and prepaid cards’ purchase volume in the U.S. reached $5.648 trillion in 2016. “Consumers are choosing credit cards over debit cards to... Read the full story
6 Companies Paying Warren Buffett at Least $48 Million in Dividend Income Each Quarter
The Motley Fool
The Motley Fool
Bloomberg - Goldman promotes new generation of bankers
HITC
HITC
Goldman Sachs promoted a new generation of leaders for its investment banking division - the world’s top merger adviser and the firm’s second-biggest source of profit. Read the full story
Goldman Sachs promoted a new generation of leaders for its investment banking division - the world’s top merger adviser and the firm’s second-biggest source of profit. Read the full story
How Central Banks Control the Supply of Money
Investopedia
Investopedia
A look at the ways central banks pump or drain money from the economy to keep it healthy. Read the full story
Trump wants to revive a 1933 banking law. What that means is very unclear
CNN Money
Nearly twenty years after being killed by Congress, Glass-Steagall is making comeback in the Trump era. One problem: no one knows what a revival of the 1930s-era banking law would look like. Read the full story
New rule proposed to boost transparency around funds with embedded fees
The Globe and Mail
Regulators asked to protect self-directed investors who hold funds with embedded advice fees Read the full story
BOC International Leads $29M Round In Chinese Gold Trading Firm G-Banker
China Money Network
Bank of China's BOC International Holdings Ltd. has led a RMB200 million (US$29 million) series C round in a Chinese … Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes. Read the full story
Saxo Bank: JPY slips as rates rise, but so does CHF
FX-MM
Euro optimism has already eased after Macron's win, while rising bond yields have JPY under pressure again, explains John J Hardy, Head of FX Strategy at Saxo Bank... Read the full story
A look at the ways central banks pump or drain money from the economy to keep it healthy. Read the full story
Trump wants to revive a 1933 banking law. What that means is very unclear
CNN Money
CNN Money
Nearly twenty years after being killed by Congress, Glass-Steagall is making comeback in the Trump era. One problem: no one knows what a revival of the 1930s-era banking law would look like. Read the full story
New rule proposed to boost transparency around funds with embedded fees
The Globe and Mail
The Globe and Mail
Regulators asked to protect self-directed investors who hold funds with embedded advice fees Read the full story
BOC International Leads $29M Round In Chinese Gold Trading Firm G-Banker
China Money Network
China Money Network
Bank of China's BOC International Holdings Ltd. has led a RMB200 million (US$29 million) series C round in a Chinese … Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes. Read the full story
Saxo Bank: JPY slips as rates rise, but so does CHF
FX-MM
FX-MM
Euro optimism has already eased after Macron's win, while rising bond yields have JPY under pressure again, explains John J Hardy, Head of FX Strategy at Saxo Bank... Read the full story
TREASURIES/ BONDS/ STOCKS
TREASURIES/ BONDS/ STOCKS
Wall Street needs to stop freaking out about low volatility, Merrill says
CNBC
CNBC
Bank of America Merrill Lynch had a message for investors concerned about how calm the stock market is: Relax. Read the full story
US Treasurys lower as bond investors await Fed speeches
CNBC
Bank of America Merrill Lynch had a message for investors concerned about how calm the stock market is: Relax. Read the full story
US Treasurys lower as bond investors await Fed speeches
CNBC
CNBC
U.S. government debt prices were lower Tuesday, as investors geared up for a set of speeches from Federal Reserve members, alongside more economic data. Read the full story
U.S. stock futures struggle to gain momentum as fears subside
MarketWatch
MarketWatch
U.S. stocks look set for another day of rangebound trading, as investors struggle to find fresh catalysts to push the markets further into record territory, though a slate of Federal Reserve speakers and earnings lie ahead. Read the full story
Bitcoin soars above $1,700 as market cap adds $1 billion in just 24 hours
CNBC
The price of the digital currency bitcoin rose above $1,700 Tuesday morning, according to a price index by industry website Coindesk, with analysts contemplating what risks could potentially scupper its recent surge. Read the full story
Opinion: Here’s what the dividend yield is really telling us about stocks
MarketWatch
Bullish signs are evident in a long-bearish U.S. market indicator, writes Mark Hulbert. Read the full story
CURRENCIES
Dollar broadly advances as Fedspeak largely expected to back rate hikes
MarketWatch
The dollar firmed broadly on Tuesday, especially against the yen, as a risk-on mood persisted though more cautiously than at week’s start. Read the full story
eNCA | Dollar extends gains as Fed hike speculation buildseNCA.com
The likelihood of further tightening has seen the dollar rally more than four percent since hitting a low around 108.30 yen in mid-April. Read the full story
Dollar edges higher, Aussie lowerInvesting.com
Forex May 09, 2017 06:56 GMT Investing.com - The dollar edged higher Tuesday as the euro continued to ease after Emmanuel Macron’s French presidential win. The dollar index was up 0.16% at 99.19 as investors looked for fresh catalysts. Investing.com’s Fed Rate Monitor Tool currently shows the odds of a June hike at over 80%. FOMC members Rosengren and Kaplan are due to speak later in the session. The euro was off 0.17% at $1.0905 as attention turned to French legislative elections next month. Read the full story
Forex - Euro off 6-month highs, dollar steady in subdued tradeInvesting.com
© Reuters. Euro off 6-month highs, dollar steady in subdued trade Read the full story
Canadian Dollar Advances Amid Oil Prices Rise
RTTNews
The Canadian dollar strengthened against the other major currencies in the European session on Tuesday, as oil prices rose amid signs that OPEC will extend its supply quota plan well into 2017. Read the full story
The euro just did something that few expected
CNBC
The price of the digital currency bitcoin rose above $1,700 Tuesday morning, according to a price index by industry website Coindesk, with analysts contemplating what risks could potentially scupper its recent surge. Read the full story
Opinion: Here’s what the dividend yield is really telling us about stocks
MarketWatch
MarketWatch
Bullish signs are evident in a long-bearish U.S. market indicator, writes Mark Hulbert. Read the full story
CURRENCIES
Dollar broadly advances as Fedspeak largely expected to back rate hikes
MarketWatch
MarketWatch
The dollar firmed broadly on Tuesday, especially against the yen, as a risk-on mood persisted though more cautiously than at week’s start. Read the full story
eNCA | Dollar extends gains as Fed hike speculation buildseNCA.com
The likelihood of further tightening has seen the dollar rally more than four percent since hitting a low around 108.30 yen in mid-April. Read the full story
Dollar edges higher, Aussie lowerInvesting.com
Forex May 09, 2017 06:56 GMT Investing.com - The dollar edged higher Tuesday as the euro continued to ease after Emmanuel Macron’s French presidential win. The dollar index was up 0.16% at 99.19 as investors looked for fresh catalysts. Investing.com’s Fed Rate Monitor Tool currently shows the odds of a June hike at over 80%. FOMC members Rosengren and Kaplan are due to speak later in the session. The euro was off 0.17% at $1.0905 as attention turned to French legislative elections next month. Read the full story
Forex - Euro off 6-month highs, dollar steady in subdued tradeInvesting.com
© Reuters. Euro off 6-month highs, dollar steady in subdued trade Read the full story
Canadian Dollar Advances Amid Oil Prices Rise
RTTNews
The Canadian dollar strengthened against the other major currencies in the European session on Tuesday, as oil prices rose amid signs that OPEC will extend its supply quota plan well into 2017. Read the full story
The euro just did something that few expected
CNBC
CNBC
The currency and commodity markets are under close watch after Sunday's French presidential election. Read the full story
NZ dollar gains vs Aust dollar as investors rethink
Scoop
NZ dollar gains vs Aust dollar as investors rethink
Scoop
Scoop
May 9 (BusinessDesk) - The New Zealand dollar hit a two-month high against its trans-Tasman counterpart after weaker than expected consumer spending in Australia saw investors rethink the interest rate paths for the two nations. Read the full story
Rupee weakens against US dollar on Asian cues
Livemint
Mumbai: The Indian rupee on Tuesday weakened against the US dollar, tracking the losses in Asian currencies markets. Read the full story
USA
Rupee weakens against US dollar on Asian cues
Livemint
Livemint
Mumbai: The Indian rupee on Tuesday weakened against the US dollar, tracking the losses in Asian currencies markets. Read the full story
USA
California looks past Wells Fargo suspension in awarding bank $500 million deal
CNBC
CNBC
California just awarded a $500 million deal to Wells Fargo, perhaps a sign the state is ready to move past the sanctions it slapped on the bank last year. Read the full story
Tax reform's secret sauce for boosting economic growth
California just awarded a $500 million deal to Wells Fargo, perhaps a sign the state is ready to move past the sanctions it slapped on the bank last year. Read the full story
Tax reform's secret sauce for boosting economic growth
USA TODAY
People need to be confident that the rules won't be rewritten again after the next election.
Trump calls it a 'disaster,' but top experts are saying TPP might still happen without him
CNBC
Reports of the demise of the Trans-Pacific Partnership (TPP) trade agreement may be premature, as the deal’s members consider proceeding without the U.S. Read the full story
Trump calls it a 'disaster,' but top experts are saying TPP might still happen without him
CNBC
CNBC
Reports of the demise of the Trans-Pacific Partnership (TPP) trade agreement may be premature, as the deal’s members consider proceeding without the U.S. Read the full story
EMERGING MARKETS
Jeff Gundlach makes bets against U.S. stocks, for emerging markets
CNBC
CNBC
Gundlach, CEO and chief investment officer at DoubleLine Capital, spoke at the Sohn investment conference in New York. Read the full story
Does toppling of Chávez statue mean Venezuela has reached a breaking point?
the guardian
the guardian
The destruction did not go unnoticed in a country where many public buildings are still adorned with images of Chávez, four years after his death The demonstration began with a group of schoolboys, who gathered – still dressed in their school uniforms – in the palm-lined square outside the town hall of the prairie town of Villa del Rosario in western Venezuela. Related: Hugo Chávez statue torn down as death toll rises in Venezuela protests Continue reading... Read the full story
Mexico was second deadliest country in 2016
CNN
CNN
Mexico's drug wars claimed 23,000 lives during 2016 — second only to Syria, where 50,000 people died in the civil war, according to an annual survey. Read the full story
MIDDLE EAST
Oil steadies but rattled by concern about OPEC's clout
Reuters
Reuters
Oil rose on Tuesday but faced headwinds from concern over slowing demand and the rise in U.S. crude output that has shaken investors' faith in the ability of OPEC to rebalance the market. Read the full story
Saudi Arabia is building a city for entertainment, and it’s almost the size of Las Vegas – 143 CarsOnTheNewsNow.com
The 334 square kilometer city will be “50 times the size of Gibraltar once complete,” according to the BBC, and about the same size as Las Vegas, which encompasses 352 square kilometers. “This city will become, by God’s will, a prominent cultural landmark and an important center for meeting the future generation’s recreational, cultural and social needs in the kingdom,” said Mohammed bin Salman Al Saud, deputy crown prince, according to Al Jazeera. The popular U.S. theme park company Six Flags Read the full story
Spanish finance for Iran petrochem industry
POST Online Media
pain’s ambassador to Iran announced that his nation’s banks are ready to finance the petrochemical industry, which facilitates Iran’s interaction with European companies. “Spanish banks have expressed readiness to guarantee deals in the petrochemical industry of Iran and in the near future, finance and business ties through Spanish lende...Read the full story
Electric Way opens regional HQ in Dubai
Mubasher
Dubai – Mubasher: Electric Way on Monday launched a regional headquarters in the National Industries Complex in Dubai, with investments worth AED 20 million. The new place is considered one of the largest warehouses for electrical equipment and … Read the full story
Palestinian president Mahmoud Abbas says he is ready to meet Netanyahu as part of Trump's peace efforts
Business Insider
German Chancellor Angela Merkel and Palestinian President Mahmoud Abbas give a statement in Berlin, Germany, March 24, 2017. Ramallah (Palestinian Territories) (AFP) - Mahmud Abbas said Tuesday Donald Trump was expected to visit the Palestinian territories "soon" and that he was ready to meet Israel's prime minister as part of the US president's peace efforts. Trump is expected in Israel later this month as part of his first foreign trip and the Palestinian president said "we are looking forward Read the full story
Oil rose on Tuesday but faced headwinds from concern over slowing demand and the rise in U.S. crude output that has shaken investors' faith in the ability of OPEC to rebalance the market. Read the full story
Saudi Arabia is building a city for entertainment, and it’s almost the size of Las Vegas – 143 CarsOnTheNewsNow.com
The 334 square kilometer city will be “50 times the size of Gibraltar once complete,” according to the BBC, and about the same size as Las Vegas, which encompasses 352 square kilometers. “This city will become, by God’s will, a prominent cultural landmark and an important center for meeting the future generation’s recreational, cultural and social needs in the kingdom,” said Mohammed bin Salman Al Saud, deputy crown prince, according to Al Jazeera. The popular U.S. theme park company Six Flags Read the full story
Spanish finance for Iran petrochem industry
POST Online Media
POST Online Media
pain’s ambassador to Iran announced that his nation’s banks are ready to finance the petrochemical industry, which facilitates Iran’s interaction with European companies. “Spanish banks have expressed readiness to guarantee deals in the petrochemical industry of Iran and in the near future, finance and business ties through Spanish lende...Read the full story
Electric Way opens regional HQ in Dubai
Mubasher
Mubasher
Dubai – Mubasher: Electric Way on Monday launched a regional headquarters in the National Industries Complex in Dubai, with investments worth AED 20 million. The new place is considered one of the largest warehouses for electrical equipment and … Read the full story
Palestinian president Mahmoud Abbas says he is ready to meet Netanyahu as part of Trump's peace efforts
Business Insider
Business Insider
German Chancellor Angela Merkel and Palestinian President Mahmoud Abbas give a statement in Berlin, Germany, March 24, 2017. Ramallah (Palestinian Territories) (AFP) - Mahmud Abbas said Tuesday Donald Trump was expected to visit the Palestinian territories "soon" and that he was ready to meet Israel's prime minister as part of the US president's peace efforts. Trump is expected in Israel later this month as part of his first foreign trip and the Palestinian president said "we are looking forward Read the full story
AFRICA
East Africa: Top Chinese Official in Uganda for Power Projects, South Sudan-Somalia Talks
AllAfrica
AllAfrica
(Photo: Daily Monitor) Kampala Zhang Ming, the Chinese Vice Minister of Foreign Affairs is in Uganda on a two-day visit to hold talks with President Museveni over a raft of issues ranging from multi-billion dollar Chinese funded electricity projects to security concerns in Somalia and South Sudan. Mr Ming, who arrived yesterday and met Foreign Affairs Minister Sam Kutesa and is lined up to interface with Mr Museveni at State House Entebbe today. Mr Ming's meetings with Mr Museveni will focus on Read the full story
Africa: World Trade Organization, U.S. Step in Way of AU Self-Financing Model
AllAfrica
AllAfrica
(Photo: Daily Monitor) The World Trade Organization and the US government have written to a number of African Union member states on the legality of the implementation of the new self-financing mechanism. In July last year, the African Union adopted a self-financing mechanism proposed by Dr Donald Kaberuka whereby a 0.2 per cent levy on eligible imports would be imposed on products from outside Africa. Implementation of the directive is expected to begin in January next year. The mechanism was Read the full story
Over 1/4 of African population connected to internet
POST Online Media
POST Online Media
Thanks to increased access to mobile broadband and the development of submarine cables, more than a quarter of the African population had Internet access in 2016. Expanded connectivity enabled more that about 341 million people in African to have access to the Internet, said the report released by Internet Society during the Afric... Read the full story
ASIA
ASIA
© Reuters. Fitch increases forecast for global growth in 2018 to 3.1% Read the full story
China's state-owned rail manufacturer CRRC wants to be part of Trump's US growth story
CNBC
CRRC chairman told CNBC in an exclusive interview why the U.S. market is important to the rail manufacturer. Read the full story
Asian markets largely quiet following Monday’s rally
MarketWatch
Asian stocks were largely quiet Tuesday after strong gains a day earlier, with Australian bank shares among the laggards. Read the full story
© Reuters. Fitch increases forecast for global growth in 2018 to 3.1% Read the full story
China's state-owned rail manufacturer CRRC wants to be part of Trump's US growth story
CNBC
CNBC
CRRC chairman told CNBC in an exclusive interview why the U.S. market is important to the rail manufacturer. Read the full story
Asian markets largely quiet following Monday’s rally
MarketWatch
MarketWatch
Asian stocks were largely quiet Tuesday after strong gains a day earlier, with Australian bank shares among the laggards. Read the full story
EUROPE
EUROPE
European stocks gain ground as German trade data impress
MarketWatch
MarketWatch
European stocks marched higher Tuesday, with German trade data exceeding expectations and as investors appeared back in the mood to take on more risk in the wake of France’s presidential election. Read the full story
European stocks marched higher Tuesday, with German trade data exceeding expectations and as investors appeared back in the mood to take on more risk in the wake of France’s presidential election. Read the full story
London could face exodus of European banks if Brexit talks fail
International Business Times, UK Edition
International Business Times, UK Edition
Major European lenders could leave should they be asked to convert branches into subsidiaries. Read the full story
Macron poses no threat to Brexit – but he might damage the EU
International Business Times, UK Edition
The French president Emmanuel Macron is a protectionist when it comes to the EU. Read the full story
U.K. Prepares to Play Hardball Over EU Citizens Rights
Bloomberg
The U.K. is preparing to play hardball in negotiations over the rights of millions of European Union citizens living in the country, as the issue looks likely to become a major hurdle for Brexit talks. Prime Minister Theresa May’s team is squaring up to fight demands from Brussels that the 3.2 million EU nationals living in Britain should enjoy exactly the same privileges as now even after the country leaves the bloc. The most controversial argument from within the EU is that the European Court Read the full story
Hungarian Preliminary Trade Surplus At € 956 Million In March
Stock Market Daily Co
Hungary’s preliminary trade balance in March rose to Euro 956 million from the previous month, according to an official press release. In March, the value of export was Euros 9.4 billion or 2919 billion forint while imports value was Euros 8.5 billion or 2622 billion Forints. This resulted in a foreign trade surplus of Euro […] The post Hungarian Preliminary Trade Surplus At € 956 Million In March appeared first on Stock Market Daily. Read the full story
Major European lenders could leave should they be asked to convert branches into subsidiaries. Read the full story
Macron poses no threat to Brexit – but he might damage the EU
International Business Times, UK Edition
International Business Times, UK Edition
The French president Emmanuel Macron is a protectionist when it comes to the EU. Read the full story
U.K. Prepares to Play Hardball Over EU Citizens Rights
Bloomberg
Bloomberg
The U.K. is preparing to play hardball in negotiations over the rights of millions of European Union citizens living in the country, as the issue looks likely to become a major hurdle for Brexit talks. Prime Minister Theresa May’s team is squaring up to fight demands from Brussels that the 3.2 million EU nationals living in Britain should enjoy exactly the same privileges as now even after the country leaves the bloc. The most controversial argument from within the EU is that the European Court Read the full story
Hungarian Preliminary Trade Surplus At € 956 Million In March
Stock Market Daily Co
Stock Market Daily Co
Hungary’s preliminary trade balance in March rose to Euro 956 million from the previous month, according to an official press release. In March, the value of export was Euros 9.4 billion or 2919 billion forint while imports value was Euros 8.5 billion or 2622 billion Forints. This resulted in a foreign trade surplus of Euro […] The post Hungarian Preliminary Trade Surplus At € 956 Million In March appeared first on Stock Market Daily. Read the full story
Blessed and Highly Favored:
CBI Update:
The CBI for Wednesday, May 10, 2017 did update on the indicative rates and the sell rate for the USD is 1184. The currency auction is 159,612,263. There are no updated news and announcements for Wednesday, May 10, 2017.
Rafidain Bank provides financial facilities for citizens up to 40 million dinars
9/05/2017
(Independent) .. The Rafidain Bank that grant financial facilities to citizens in the southern provinces of small and medium-sized enterprises up to (twenty million dinars) for citizens and bail sponsorship.
The bank's information office said in a statement that the bank had decided to grant financial facilities of (40 million dinars) and to guarantee the mortgage of a first class property, which is divided according to the conviction of the representatives of the public administration and the financial efficiency of the customer.
He pointed out that the bank gave powers to provincial delegates to grant loans to doctors up to (60) million dinars, and more than that followed by the general administration of the bank to reach the ceiling of the loan granted, which is estimated at (75) million dinars.
ISX Update:
The ISX latest update is Shares Traded is 621,215,579 and Values Traded is 587,618,552. The ISX ended in RED.
TNT Bank Story:
No2iaa:
My aunt just went to WF in a southern state and saw the screen rate on DONG as 3.999. She tried to exchange and the numbers reverted back. Teller acknowledged that the DONG will be much higher than the final .000??? number that showed up…. She just called all excited and might try going back later…. just thought I would share. Cool to have a bank story from someone I know.
JLW:
no2iaa: did you mean 3.99 Dong = 1 USD?
N2iaa:
Yes…. She asked for the rate on the dong and it said 1 equals 3.99 (her translation)
Blogs:
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!
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!
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.
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.
The Big Call w/ Bruce Intel Notes by PinkRoses 5-9-17
Bruce: Good evening everyone. Welcome to the Big Call. Thank you all for coming in to the call faithfully. I appreciate the faithfulness of listening to the Big Call. The audience for the Big Call has expanded the last several months. We are more international then we have ever been. We do have people listening all over the world. I want to welcome people from Far East Asia, Middle East, Australia, New Zealand, South America, Central America, France, South Africa, Scandinavia, Norway, Sweden, Great Britain, Italy, Canada, etc. We are at a crossroads right now. I didn’t think I would expect to do the call tonight. I expected to do a celebration call tonight. Our plan is to have a short celebration call that we put on the website as a link at:thebigcall.net. Also we would put the 800 number or toll free number so everyone can call and use it for their exchange if it is in the rules to do that. I have been told I will be able to share with everyone that way. That is the only number, the toll free number that is to be put out to share with anyone. It can be shared by text, email and by phone.
Bruce: Where we are right now? Let us start with Iraq. This morning we were suppose to have the new budget for Iraq in their Gazette published. It usually comes out right after Morning Prayer which is early, right after sunrise, the first session of prayer. 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. I have been told today it wasn’t in this morning Gazette, but should be in tomorrow. Operative word: should. It is something they have sort of kept from us. Possibly waiting for the announcement about Mosul come out to the rest of the world as well. Maybe a few different announcements may take place. The liberation of Mosul and take back of it has been done for several weeks or so. They are not quite ready to reveal that yet. Maybe they will show that budget and rate in the Gazette tomorrow which is late late tonight for us.
Bruce: We do get information and sometimes the information is such that it is a little too sensitive. You heard some people say I am going to go dark and not do calls anymore because we are so close I don’t want to do anything that might jeopardize it. I have not been told officially told I shouldn’t do this call tonight. I have been unofficially it has been suggested to me that I may not want to do this call tonight. I have chosen to do it because what we bring on the Big Call is more than Intel. I don’t want to deprive anyone from that as long as we can do calls.
Bruce: I have heard is Redemption Centers are fully locked and loaded. That means all the personnel are in place. They have done major movement of personnel around the country, especially east of the Mississippi. A major shift of personnel the last few days that has taken place. They are in position, still on active status, ready to go. We would say they are pretty much on lock down, no communication going around the Redemption Center except at the very highest level. That is a very good sign. They are expecting this to go maybe not any moment, but fairly shortly. I think that is a great sign when I heard that today. That is true all over the country. We heard a few Redemption Centers, and then we heard this is the case everywhere. They are set, ready to go.
Bruce: Out west everything is moving along with limited amount of administrative touches taking place to facilitate the groups taking place out west. All is moving along nicely. I think there are last minute details, administrative things, taking place. Anymore than that gets a little bit technical and we don’t want to get into that. I can tell you things are moving along further than we were here on Tuesday.
Bruce: The USN, our new currency, the new dollar is asset back and gold back. That has been known now and been active on the exchange for about two days now. What is neat is all the other currencies in the world have adjusted rates. All still pegged to the dollar in the sense they still connect or tie back to the dollar. The fact the dollar is gold back and essentially it is a new currency, digitally back. Everything lines up with that. All other currencies around the world have assets, precious metals, oil, etc, to back the value of their currency. That is still the case. They have value because of their own assets, what they have in their own country. Now all have been synchronized all around the world with rates. Where the rates been on the back screen seen by limited people and now the rates have been pushed to the front screens, all synchronized and essentially ready for the full release.
Bruce: We talked last time about Prosperity Packages, ready to go out, Farm claims ready to go out. The SKRs, Prepaids which may have accounts but on hold, pending status. Those are about to be released. I think they will be released when we are given the 800 number. Essentially all will go at the same time thus the shot gun start. We are looking for that to occur. Maybe not be tonight, could be tomorrow or tomorrow night. We just do not know.
Bruce: The process is under way. The GCR/RV is under way. We are in the midst of it happening now. It has initiated. What we are waiting for is our portion to be activated under Tier 4, the Internet group, which is the largest group. That activation starts with the release of the toll free number or 800 number. I am honored to say it will come to me and I will give it out as they want it to be put out and as long as they want it to be put out. I do intend to put it on the website: thebigcall.net, and to people on other locations or sites. Once people will see it, it will go around like wild fire.
Bruce: Just realize we are right there. The rates continue to be traded up. They are in great shape. Don’t worry about that. Everything we want to do as a team on the Big Call is there for us to do with humanitarian projects. You want to explain your humanitarian project in a very brief outline one to two pages. Be confident and speak for a minute or so. I am going to try to summarize what I plan to do and what we as a group plan to do like with Rebuild America, rebuilding all forms of infrastructure. We talked about infrastructure bonds to do more infrastructures around the country. Infrastructures in forms of bridges, roads, etc, 8 different areas the government may try to offer infrastructure bonds.
Bruce: You know we will do a lot with the Veterans, and be the major employer of the Veterans. We will have job training, PTSD counseling, a program we put together. I am looking for involvement of 5000 listeners from the Big Call, 100 people in 50 states to help Rebuild America. We will have Big Call University. We will take it also around the world. We will help with water filtration, proper building techniques, low cost or free energy, etc.
Bruce: That is really where we are right now. We are very close. I expect the release to us be very soon. Stay very positive for it. We know it is coming. They are finishing up last minute touches. Let us let them do that, and then it will come to us.
Bruce: 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. Everything is looking like it wouldn’t surprise me if we get it this soon. I am very excited. I want all to stay tune to our website:thebigcall.net tomorrowor maybe the next day and see what shows up.
Bruce: I am excited about everyone in the Redemption Centers. They are on lock down and ready to go. To all of our banking partners, we thank you and look forward to working with you setting up our accounts, trusts, getting all in position. Take the time you need to set up your structures with your CPAs and attorneys. Ask the bank personnel for help in that area initially. Then when you get started you will want to fine tune everything after your skeleton trust is put together.
Bruce: As you get out of your exchange appointment, everybody just be careful in terms of your celebration. Let us not have any crazy graduation ceremony where people go overboard on anything. You have been called for this purpose for a reason, and let us go do this work which is going to be joyful and a pleasure to do. I am excited to get started and I know you are too.
Bruce: We will be doing future calls after the RV. We will try to do one pod cast per week. You can tune in live or as a recording. That will take a little while to put together. You have things to do, and I have things to do. We all have a lot to do. We will be in touch through our website:thebigcall.net. I want to thank everybody for coming in tonight. We are in the best shape we have ever been. Talk to you soon. Goodnight everybody.
"Behind the 8 Ball" - ZAP Update - The Office of POOFness - 5.9.17
Zap Says
HI ALL,
WE ARE GOOD AND NOT SO GOOD. I WISH YOU COULD SEE WHAT I SEE WITH THE MONEY ON ITS WAY. IT IS SOMETHING ELSE TO HAVE RELIEF LIKE THIS WASH OVER YOU. RIGHT NOW I AM DOING THE LAST MINUTE DETAILS ON BANK DOCUMENTS TO BE SURE ALL IS CORRECT SO THERE ARE NO DELAYS IN THE CLEARANCE PROCESS.
BUT WE ARE NOT SO GOOD WITH THREE SOULS THAT WILL BE OUT ON THE STREET OVERNIGHT WITH NO FOOD BECAUSE THE FUNDS ARE NOT HERE YET. I DO NEED YOUR HELPING HAND FOR THEM YET AGAIN BUT THEY WILL BE OK BY THURSDAY, THE ANTICIPATED ARRIVAL DATE FOR THE FIRST FUNDS.
PLEASE HELP THEM IF YOU WOULD. MUCH THANKS AND GOD BLESS.
LOVE AND LIGHT
IN OUR SERVICE
ZAP
Rafidain Bank provides financial facilities for citizens up to 40 million dinars
(Independent) .. The Rafidain Bank that grant financial facilities to citizens in the southern provinces of small and medium-sized enterprises up to (twenty million dinars) for citizens and bail sponsorship.
The bank's information office said in a statement that the bank had decided to grant financial facilities of (40 million dinars) and to guarantee the mortgage of a first class property, which is divided according to the conviction of the representatives of the public administration and the financial efficiency of the customer.
He pointed out that the bank gave powers to provincial delegates to grant loans to doctors up to (60) million dinars, and more than that followed by the general administration of the bank to reach the ceiling of the loan granted, which is estimated at (75) million dinars.
Kauaihn Chatter:
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 tuned]
5-9-2017 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 [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]
5-9-2017 Newshound Guru mike ...the US is Iraq's "champion" to the world with the SFA and we've done everything we can to have the west help and support Iraq. ...all they have to do is begin to help themselves. At some point they have to create an environment that's palatable to outside investment and support, and they've got a lot of work to do on that front. They've shown us over and over that they're willing to accept the handouts but they don't want to be accountable for those funds. They can blame the slow movement on the USA and the SFA/TIFA but in the end, the ball's in their court, all they have to do is pick it up and run with it. Your move, Abadi... [post 2 of 2]
5-9-2017 Newshound Guru mike Article: "Baghdad and Washington towards activating the strategic framework agreement" From what I understand, the SFA is a bilateral agreement, what we're waiting for is Iraq to implement the changes on their side. The US has led the way but Iraq has a lot of work to do. I think militarily, the US is honoring it's SFA side of the agreement, removing ISIL is a great example. We've trained, given weapons and fought side by side with the Iraqi's. Most of the sections in the SFA are 3-6 line items until you get the the economic stuff, and that's where the delays are. [post 1 of 2....stay tuned]
5-9-2017 Newshound Guru mike ...the US is Iraq's "champion" to the world with the SFA and we've done everything we can to have the west help and support Iraq. ...all they have to do is begin to help themselves. At some point they have to create an environment that's palatable to outside investment and support, and they've got a lot of work to do on that front. They've shown us over and over that they're willing to accept the handouts but they don't want to be accountable for those funds. They can blame the slow movement on the USA and the SFA/TIFA but in the end, the ball's in their court, all they have to do is pick it up and run with it. Your move, Abadi... [post 2 of 2]
5-9-2017 Newshound Guru mike Article: "Baghdad and Washington towards activating the strategic framework agreement" From what I understand, the SFA is a bilateral agreement, what we're waiting for is Iraq to implement the changes on their side. The US has led the way but Iraq has a lot of work to do. I think militarily, the US is honoring it's SFA side of the agreement, removing ISIL is a great example. We've trained, given weapons and fought side by side with the Iraqi's. Most of the sections in the SFA are 3-6 line items until you get the the economic stuff, and that's where the delays are. [post 1 of 2....stay tuned]
5-9-2017 Intel Guru Jester ...OIL CREDITS OF $30/BARREL... WORTH WHATEVER THE GOING RATE FOR OIL IS... ABOUT $70 TODAY BUT HISTORICALLY AS MUCH AS $115... SPRING INTO EXISTENCE FOR A VALUE OF X NUMBER OF DINARS... AND A BARREL OF OIL IS SOME $5 TO PRODUCE...SO INSTEAD OF REPATRIATING DINAR AT WHATEVER THE STREET RATE WILL BE THEY TRADE X DINAR FOR AN OIL CREDIT THAT SOMEONE ELSE VALUES MUCH HIGHER TO GET IT... AND GET OUT OF THE WHOLE THING WAY MORE CHEAPLY... THE DINAR IS TRADED IN AND CONVERTED TO AN OIL CREDIT FOR A CHEAP SUPPLY OF OIL... IRAQ GETS OUT AT A FRACTION OF WHAT IT WOULD COST TO TAKE IN THE DINAR ON THE STREET RATE...SO BASICALLY... FROM IRAQ'S STANDPOINT A HUGE AMOUNT OF DINAR IS TAKEN UP FOR A CHEAP SUPPLY OF OIL... THEY SUPPLY THE OIL CHEAPLY TO THE OIL CREDIT HOLDER... THE OIL CREDIT HOLDER IS HAPPY TO BE GETTING THE OIL FOR THE OIL CREDIT PRICE... [Post 2 of 2]
5-9-2017 Intel Guru Jester ...TO THE NAYSAYERS THAT CONTINUE TO POSTULATE THERE IS NOT ENOUGH MONEY IN THE WORLD TO REPATRIATE ALL THE DINAR OUT THERE...THIS SCENARIO WOULD WORK TO REDUCE THE NUMBERS SIGNIFICANTLY...THE MATH IS THERE IN THEORY... MOSTLY BECAUSE THE OIL THAT IS BEING SUPPLIED IS WAY CHEAPER THAN THE OIL CREDIT VALUE AND WHAT HAD TO BE PAID FOR IT TO BEGIN WITH... WHICH IS DINARS... YOU CONVERT A CERTAIN AMOUNT OF DINARS TO A CERTAIN VALUE OF OIL CREDITS... WHICH IS PAYING SOMETHING WORTH SOMETHING FOR SOMETHING THAT IS VALUABLE... WHICH CAN THEN BE SUPPLIED VERY CHEAPLY...TO MAKE THIS MAKE SENSE I WILL POSTULATE AN EXAMPLE... [Post 1 of 2 stay tuned for the rest of the story]
5-9-2017 Newshound/Intel Guru BGG [...looking at the past , we know IQD was at $3+ at one time. the Kuwait dinar is over 3+ now. I would think at sometime in the future they would want to be at least even with Kuwait, an ego thing...] We are welcome to think that - but... when presenting factual news and commentary ... best to stick with facts and print in INK. $3 is NOWHERE in sight. will it happen? Who knows?
5-9-2017 Intel Guru Jester ...TO THE NAYSAYERS THAT CONTINUE TO POSTULATE THERE IS NOT ENOUGH MONEY IN THE WORLD TO REPATRIATE ALL THE DINAR OUT THERE...THIS SCENARIO WOULD WORK TO REDUCE THE NUMBERS SIGNIFICANTLY...THE MATH IS THERE IN THEORY... MOSTLY BECAUSE THE OIL THAT IS BEING SUPPLIED IS WAY CHEAPER THAN THE OIL CREDIT VALUE AND WHAT HAD TO BE PAID FOR IT TO BEGIN WITH... WHICH IS DINARS... YOU CONVERT A CERTAIN AMOUNT OF DINARS TO A CERTAIN VALUE OF OIL CREDITS... WHICH IS PAYING SOMETHING WORTH SOMETHING FOR SOMETHING THAT IS VALUABLE... WHICH CAN THEN BE SUPPLIED VERY CHEAPLY...TO MAKE THIS MAKE SENSE I WILL POSTULATE AN EXAMPLE... [Post 1 of 2 stay tuned for the rest of the story]
5-9-2017 Newshound/Intel Guru BGG [...looking at the past , we know IQD was at $3+ at one time. the Kuwait dinar is over 3+ now. I would think at sometime in the future they would want to be at least even with Kuwait, an ego thing...] We are welcome to think that - but... when presenting factual news and commentary ... best to stick with facts and print in INK. $3 is NOWHERE in sight. will it happen? Who knows?
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)
The Cabinet holds its regular session under the chairmanship of the Prime Minister Dr. Haider Abadi
The Cabinet held its regular session Tuesday (May 9th) under the chairmanship of the Prime Minister Dr. Haider Al-Abbadi.
During the session, the second draft law of the Central Bank of Iraq Law No. (56) for the year 2004 on the dissolved Coalition Provisional Authority was passed and referred to the House of Representatives.
The Cabinet discussed a number of issues related to the agricultural sector and farmers and the transfer of wheat crop amounts to the banks of farmers and will receive their receivables within a week.
A vote was also taken to support the work plan of the Diwan Commission No. (45) for the year 2016 towards electronic governance.
The Ministerial Decision No. 17288 of 11/12/2005 was also repealed and the role of the Federal Financial Control Bureau was confirmed by controlling the public money wherever it was found and scrutinized according to the provisions of article 3 / For the year 2011 and the Council of Ministers to mandate the Office of Financial Supervision to audit contracts when required to do so.
In order to ensure the achievement of food security, the Ministry of Commerce has agreed to purchase purchase agreements for rice and wheat in favor of the ration card with the boards of grain recognized by the World Grain Council and its countries and within the Iraqi specifications, taking into consideration the stock prices at the time of contracting to ensure transparency and eliminate corruption.
The Council voted to adopt the Child Protection Act and the draft Agreement on Economic, Commercial, Scientific and Technical Cooperation between Iraq and the Government of the Republic of Hungary.
The National Strategy for the Management of Radioactive Waste in Iraq was also approved.
Prime Minister's Media Office
May 9, 2017
During the session, the second draft law of the Central Bank of Iraq Law No. (56) for the year 2004 on the dissolved Coalition Provisional Authority was passed and referred to the House of Representatives.
The Cabinet discussed a number of issues related to the agricultural sector and farmers and the transfer of wheat crop amounts to the banks of farmers and will receive their receivables within a week.
A vote was also taken to support the work plan of the Diwan Commission No. (45) for the year 2016 towards electronic governance.
The Ministerial Decision No. 17288 of 11/12/2005 was also repealed and the role of the Federal Financial Control Bureau was confirmed by controlling the public money wherever it was found and scrutinized according to the provisions of article 3 / For the year 2011 and the Council of Ministers to mandate the Office of Financial Supervision to audit contracts when required to do so.
In order to ensure the achievement of food security, the Ministry of Commerce has agreed to purchase purchase agreements for rice and wheat in favor of the ration card with the boards of grain recognized by the World Grain Council and its countries and within the Iraqi specifications, taking into consideration the stock prices at the time of contracting to ensure transparency and eliminate corruption.
The Council voted to adopt the Child Protection Act and the draft Agreement on Economic, Commercial, Scientific and Technical Cooperation between Iraq and the Government of the Republic of Hungary.
The National Strategy for the Management of Radioactive Waste in Iraq was also approved.
Prime Minister's Media Office
May 9, 2017
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ARTICLE 2
Abadi: Our military plan is clear in liberating the land and protecting the forces
2017/5/10 8:47
Ayna - Baghdad]
"The military plan adopted by Iraq is clear and based on liberating the land and protecting the troops," Commander of the Armed Forces Haidar al-Abadi said Tuesday. "Our plan is clearly going to protect the forces and liberate the territories and then move on to the next stage, which is to control the Iraqi-Syrian border, Ana, Rawa and the areas on western Anbar, and to address this problem at the present time," Abadi said at the weekly press conference after the cabinet meeting. Purging operations in these areas north and south of the wetlands, especially in the triangle of Hadi Houran between Iraq, Syria and Jordan. "
"The military plan adopted by Iraq is clear and based on liberating the land and protecting the troops," Commander of the Armed Forces Haidar al-Abadi said Tuesday. "Our plan is clearly going to protect the forces and liberate the territories and then move on to the next stage, which is to control the Iraqi-Syrian border, Ana, Rawa and the areas on western Anbar, and to address this problem at the present time," Abadi said at the weekly press conference after the cabinet meeting. Purging operations in these areas north and south of the wetlands, especially in the triangle of Hadi Houran between Iraq, Syria and Jordan. "
"We do not want to expand the area covered by our forces," he said. "We want to be involved in the deployment of troops without protection. There are violations and an increase in the number of martyrs."
"We have found there is a real problem in training and the soldier stands for years in certain locations without re-training. The forces need continuous training," he said, noting that " Training is not easy and we must benefit from the experience of the world to increase the effectiveness and experience of our forces to win. "
The Prime Minister pointed out that "the broadcasting of false rumors, citing unknowns is unacceptable and we strongly protest against him, which is unacceptable," stressing that "the military plans in Iraq are developed by the military leadership and are deliberated and agreed upon and set priorities are in light of our capabilities in the battle and the capabilities of troops There is no pressure from here or there. "
"Those who can not work only by the foreigner expect that there is no national. Some propaganda is trying to minimize the victory in Iraq, and it is an American victory, not an Iraqi one. There are those who want to portray that US forces are fighting in Iraq, not Iraqis."
He added that "many of the terrorist additives were destroyed, and the leadership of operations of the Middle Euphrates carried out work north of Nukhayb and contributed to the nine areas of Western Sahara, and we succeeded in destroying many of the enemy's reading, and the visit of the people in Karbala will be safe."
"Some people have been hurt by development without government spending. We have spent a lot of money to maintain roads, but there is a problem with the achievements, so we want to develop all the roads," he said.
"In the past year, we have made great strides in the issue of electronic governance. In terms of financial control of contracts control, there was a decision by the Council of Ministers to audit all contracts.
"The issue of violence against children, whether domestic violence or domestic violence, is the duty of the state to protect the child. This document, which contains an international aspect to protect the child from violence and child labor, has been adopted," he added.
During the meeting of the Council of Ministers, "the vote on the draft amendment to the second law of the Central Bank of Iraq issued Order No. 56 of 2004 on the CPA dissolved and referred to the House of Representatives."
"We do not have a clear picture of the capacity of the summit and the countries that will attend it, and in any case we have a clear point of view in avoiding the conflicts and disagreements that have led to the emergence of the current fighting and fighting that is being paid by the peoples," Abadi said. "We want a balance of relations and interests for peaceful coexistence for the benefit of peoples and security, this thesis that we will provide."
As for the financial crisis and the debts incurred by Iraq, "The international debt of Iraq is few, and we have internal debts, because the external debt is part of the compensation, including the Paris Club, and in this crisis we do not have large loans because the most soft and very low interest rate, To support the budget and this is not a big burden on the country because it is of little benefit, as well as the German loan to help Iraq in the construction of areas is a very subsidized interest rate and the British loan in order to build infrastructure.
"The PKK is a Turkish organization and is not allowed to practice this type of activity in Iraq. We do not want to enter into a conflict with them and we do not allow them to carry out any hostile activity against Turkey, according to the Iraqi constitution," he said. .
"Abduction is a serious crime and it is not allowed to ease it, and it is not permissible to release those who have kidnapped citizens. Some want to remove the criminals openly and encourage them to kidnap, and we follow this matter carefully," Abadi said. .
"We have found there is a real problem in training and the soldier stands for years in certain locations without re-training. The forces need continuous training," he said, noting that " Training is not easy and we must benefit from the experience of the world to increase the effectiveness and experience of our forces to win. "
The Prime Minister pointed out that "the broadcasting of false rumors, citing unknowns is unacceptable and we strongly protest against him, which is unacceptable," stressing that "the military plans in Iraq are developed by the military leadership and are deliberated and agreed upon and set priorities are in light of our capabilities in the battle and the capabilities of troops There is no pressure from here or there. "
"Those who can not work only by the foreigner expect that there is no national. Some propaganda is trying to minimize the victory in Iraq, and it is an American victory, not an Iraqi one. There are those who want to portray that US forces are fighting in Iraq, not Iraqis."
He added that "many of the terrorist additives were destroyed, and the leadership of operations of the Middle Euphrates carried out work north of Nukhayb and contributed to the nine areas of Western Sahara, and we succeeded in destroying many of the enemy's reading, and the visit of the people in Karbala will be safe."
"Some people have been hurt by development without government spending. We have spent a lot of money to maintain roads, but there is a problem with the achievements, so we want to develop all the roads," he said.
"In the past year, we have made great strides in the issue of electronic governance. In terms of financial control of contracts control, there was a decision by the Council of Ministers to audit all contracts.
"The issue of violence against children, whether domestic violence or domestic violence, is the duty of the state to protect the child. This document, which contains an international aspect to protect the child from violence and child labor, has been adopted," he added.
During the meeting of the Council of Ministers, "the vote on the draft amendment to the second law of the Central Bank of Iraq issued Order No. 56 of 2004 on the CPA dissolved and referred to the House of Representatives."
"We do not have a clear picture of the capacity of the summit and the countries that will attend it, and in any case we have a clear point of view in avoiding the conflicts and disagreements that have led to the emergence of the current fighting and fighting that is being paid by the peoples," Abadi said. "We want a balance of relations and interests for peaceful coexistence for the benefit of peoples and security, this thesis that we will provide."
As for the financial crisis and the debts incurred by Iraq, "The international debt of Iraq is few, and we have internal debts, because the external debt is part of the compensation, including the Paris Club, and in this crisis we do not have large loans because the most soft and very low interest rate, To support the budget and this is not a big burden on the country because it is of little benefit, as well as the German loan to help Iraq in the construction of areas is a very subsidized interest rate and the British loan in order to build infrastructure.
"The PKK is a Turkish organization and is not allowed to practice this type of activity in Iraq. We do not want to enter into a conflict with them and we do not allow them to carry out any hostile activity against Turkey, according to the Iraqi constitution," he said. .
"Abduction is a serious crime and it is not allowed to ease it, and it is not permissible to release those who have kidnapped citizens. Some want to remove the criminals openly and encourage them to kidnap, and we follow this matter carefully," Abadi said. .
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ARTICLE 3
Urgent liberation of the plant area in Ayman Mosul
2017/5/10 10:20
[Ayna-Baghdad]
The security forces liberated the area of the factories on the right-hand side of the city of Mosul from terrorist gangs. "The anti-terrorist factions liberated the laboratory area and raised the Iraqi flag over the buildings after the enemy lost lives and equipment," a statement from the media information center said.
The security forces liberated the area of the factories on the right-hand side of the city of Mosul from terrorist gangs. "The anti-terrorist factions liberated the laboratory area and raised the Iraqi flag over the buildings after the enemy lost lives and equipment," a statement from the media information center said.
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ARTICLE 4
Urgent liberation of the neighborhood of 30 July in Ayman Mosul
2017/5/9 16:32
[Ayna-Baghdad]
Ninewa Operations Command announced the liberation of the neighborhood of July 30 on the right side of the city of Mosul. "The 9th Armored Division liberated the neighborhood on July 30 and made a petition with the neighborhood of July 17 and the third district of Hormat on the right coast, From the city of Mosul and raised the Iraqi flag over buildings and the enemy suffered losses of lives and equipment. "
Ninewa Operations Command announced the liberation of the neighborhood of July 30 on the right side of the city of Mosul. "The 9th Armored Division liberated the neighborhood on July 30 and made a petition with the neighborhood of July 17 and the third district of Hormat on the right coast, From the city of Mosul and raised the Iraqi flag over buildings and the enemy suffered losses of lives and equipment. "
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ARTICLE 5
Urgent liberation of northern industrial zone in Mosul
2017/5/9 13:41
[Ayna-Baghdad]
The anti-terrorist forces, the northern industrial zone on the right side of the city of Mosul, freed terrorist gangs. "The anti-terrorist forces have liberated the northern industrial zone in the right-hand coast of Mosul and raised the Iraqi flag after the enemy lost lives and equipment," a statement from the military information cell said.
The anti-terrorist forces, the northern industrial zone on the right side of the city of Mosul, freed terrorist gangs. "The anti-terrorist forces have liberated the northern industrial zone in the right-hand coast of Mosul and raised the Iraqi flag after the enemy lost lives and equipment," a statement from the military information cell said.
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ARTICLE 6
Abadi: In qualitative operations we succeeded in destroying the capabilities of Dahesh in Western Sahara
2017/5/9 20:08
[Ayna - Baghdad]
The commander-in-chief of the armed forces Haider al-Abadi said on Tuesday that "Iraq has succeeded through qualitative operations to destroy the capabilities of Dahesh in Western Sahara" ...
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ARTICLE 7
Study: Bathing helps lose weight
2017/5/9 16:13
[Ayna-Follow]
A study conducted by the British researcher at the University of "Loughborough" British that taking a bath with a temperature of 40 degrees Celsius, helps to lose calories such as running fast. "Washing for 30 minutes with this water, which reaches 40 degrees Celsius, helps you lose calories in the body, which makes you say," I'm going to lose calories and not take a bath as usual, "which is equivalent to what the body loses during running Fast ".
A study conducted by the British researcher at the University of "Loughborough" British that taking a bath with a temperature of 40 degrees Celsius, helps to lose calories such as running fast. "Washing for 30 minutes with this water, which reaches 40 degrees Celsius, helps you lose calories in the body, which makes you say," I'm going to lose calories and not take a bath as usual, "which is equivalent to what the body loses during running Fast ".
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