For those who can't get on OM, and who don't have access to the forum. I will post here the articles I like for the day and some of my thoughts. Check back later
TNT CONFERENCE CALL MONDAY 9/18/17 DC NY
CALL RECAP: Good afternoon TNT Superfantastic Family. Today
is Marvelous Monday. It is still very quiet and not alot of new intel to share.
Only one piece of new intel that needs to be researched for accuracy. Lets just
recap from last week going into the weekend and where we are today We talked
Friday about screens showing live rates and showing anticipation of Monday
Tuesday possibly of visiting banks and today is Monday. They have been on alert
and some apparently have on Sunday for some possible exchange activity. It seems
like that did not materialize or if it did it was not made known to me. We had
the television for the better part of last week broadcasting the CBI plans for
the lower denoms getting set to come in and engage in banking. All of those
things. The announcement from Abadi the Economic Reform had completed. Now, we
are still waiting till this day to see some physical evidence of the Economic
Reforms being completed. Most of the scuttlebutt throughout the weekend was the
referendum situation. If it is or if it isn't. If it is, the IMF said it is not
going to effect their economy either way. I guess if it is or if it isn't, it is
not going to be that big of a deal to us either, because the currency still
needs to change in value. I guess they are just trying to have a say in that
part of it.So the only new information to
come to me today is Home sales are moving down in the Caribbean islands and it
is believed that Iraqis are making the purchases. Don't know if that is because
value changes or some other phenomenom of having mondy and supposedly purchasing
real estate down in those southern based islands and we will as more information
surfaces regarding that, but other than that it is quiet. Lets see what
questions I can entertain on the board. Q and A: Q You
mentioned that the banks finally described the rates as live. What does that
mean in this instance? Ray: The banks are not transacting business freely at
those rates yet, or are they? No they are not. It means we are still in a wait
and see mode when it is available. Q: Upon exchange of the Zim currency is 5%
available to you at that time ? Is there a holding period? Ray: I was told it
would not be immediately available, but no time frame was given. Q: Is the Zim
expected to be in the first basket? Ray: Yes. Q:Regarding the Zim, how can a
currency that is not tradeable and will not become tradeable have the value to
produce the structure you are expecting? Ray: I don't know. It would seem the
country of Zimbabwe would have to back the funding of its currency from their
reserves which we believe is a country little in reserves.It would seem that
way. I don't know Q: At one time I heard would should use the bank of the Lords
of London? Is this still the bank recommended by you? Ray: No. Q: What is your
understanding of which countries will be in the first basket? Ray: IQD, VNN,
Zim, Rupiah, Afghan. Q: Per you post a major bank is tied to the SDR's could you
elaborate please? Ray: Purpose of the SDR is to supplement the countries
reserves as I understand it. 186 countries participate in regards to being able
to receive these type loans from the five majors. SDR's can be exchanged for
freely usable currencies. The question is the IQD now tied to the 5 majors and
able to lend to the countries to bump up their reserves? Ray: I don't know.We
will look into that. Q: When we ask bank to exchange currencies and when it is
shipped off to another place, how do we find out if that bank is suitable to
exchange if we do not get 800 numbers. Ray: Phrase it the same way you just
phrased it to me. Q: Any news from the mosque or CBI you can share? Ray: No news
yet. Q; Any news on the ATM's at the airport locations you can share? Ray: no
news yet. A banking source didn't think the 80- 20 would apply
Callers: Caller: You mentioned your sources from the
expectation of low, medium or high for this week. What do they range? Ray: For
this week high. Caller: I was not on the call when Tony got on the call last
night. Was that your info or Tony's SKR's liquidated Sunday and our time could
be Tuesday? Ray: That was my info from a thought process that something was
going to happen and it could be SKR acitivity that could be processed on Sunday.
Ray: Never got a comfirmation of that, no not yet. Caller: When you do the
exchange for the dinar does it matter if it is circulated currency or
uncirculated? Ray: Only if you have a phobia of touching money thats been
touched. It doesn't matter. . Ray's Wrap Up: Oh yes. Going to
have a good day today. It's Monday Marvelous Monday and we will see what the
rest of the day brings us. Informations wise it has been an extremely slow day.
Once the switch has been flipped, things can happen instantly. Cash can come
down in large numbers or a small trickle. We don't know yet, so we patiently
what to see what we learn next and what part of the process reveals itself next.
Even in the midst of that when it finally hits, lets still be prepared to wait
just a little bit longer to access the situation. Then we will know which way to
go in and which way not to. Lets sees what happens thoughout the course of the
dayand what other information may reach us so we can get it out to you. Keep
Believing! I do! Enjoy your Monday.
Rayren98
The House of Representatives voted
on Monday on the wording of a resolution on the salaries of employees of Ninewa
province and the liberated areas.
A parliamentary source told
Mawazine News that "the Council voted during its regular session held today, on
the wording of a decision regarding the payment of salaries of employees of
Nineveh province and the liberated areas."
The parliament held its 20th
session under the chairmanship of its chairman Salim al-Jubouri
The opinions
expressed below do not reflect the opinion of Mawazine News, but reflect the
views of their respective owners only
The Finance Committee
sends a request to the government regarding the new salary system
The Finance Committee in the
Parliament of Kurdistan, a request to the Kurdistan Regional Government on the
installation of the new system of salaries in the budget law and sent to
parliament early next month.
The Finance Committee in the
Parliament of Kurdistan meeting on Monday to discuss the system of saving
salaries and how to cancel it, according to a statement issued by the
meeting.
The meeting called on the Kurdistan Regional Government to
install the new system of salaries in the budget law and send it to parliament
early next month and to discuss it.
The meeting also discussed holding
a session of the Kurdistan parliament on Wednesday or Thursday to discuss the
abolition of the system of saving salaries.
The Kurdistan
Regional Government has also been asked to reassure employees about their
salaries and the mechanism to be used to pay them back.
Rosneft is holding a
deal with the region to build a gas pipeline
Russia's Rosneft
is seeking to invest in gas pipelines in the Kurdistan region to expand its
activities in the region ahead of a referendum on independence that will help it
become a major gas exporter to Turkey and Europe.
The region has been exporting oil
separately from Baghdad since 2014, and the federal government considers it to
be contrary to law and the constitution. Rosneft joined the list this year
as the region lent hundreds of millions of dollars to guarantee future oil
sales. Rosneft and the Kurdistan government said the
Kremlin-controlled company was now expanding investments to extend to gas by
agreeing to finance a gas pipeline in the region. Two sources
close to the deal said the investments would reach more than $ 1 billion. A
referendum poll will be held on May 25 to seek secession from Baghdad after
years of dispute over budget revenues and share of oil exports. Erbil needs the
KRG's money to fund the war on a hawkish and because of a budget crisis, the
latest of which is the drop in oil prices. The region relied on pre-funded
oil deals to improve its financial position and found it difficult to develop
its large gas reserves, which needed more investment to develop over a longer
period. Rosneft's arrival will speed up the development of gas
reserves, which have so far been led by medium-sized companies. For Rosneft, the
world's largest oil company by production, the deal represents a strong boost to
its ambitions in the global gas market. Rosneft is also trying to compete with
Gazprom, which monopolizes Russian gas exports, to supply gas to Europe. For
Turkey this means new supplies for its energy-hungry economy and the possibility
of becoming a major gas supply hub to Europe. The pipeline capacity is expected
to reach 30 billion cubic meters of gas exports per year in addition to
supplying local users, and Kurdistan has some of the largest unused gas reserves
close to Europe. Rosneft wants to help Kurdistan supply large export
markets, accounting for six percent of total gas demand in Europe and about a
sixth of Russia's current gas exports, the largest gas supplier to Europe by
far. The pipeline will be extended in 2019 to serve the
Kurdistan region and is scheduled to start exporting in 2020. Rosneft earlier
lent money to Kurdistan by promising future oil sales and agreed to help the
region expand its pipeline network. Kurdistan is seeking to increase
oil exports to one million bpd by the end of the decade, compared to 650,000 bpd
now.
Planning:
Examining 4 tons of gold and granting 867 patents
(Baghdad: Al
Furat News) The Ministry of Planning announced that its standardization and
quality control apparatus has completed 70,000 international calibrations,
inspected 4,600 kilograms of gold jewelry and granted 867 patents.
"The Central Agency for
Standardization and Quality Control of the Ministry of Planning has been able to
develop the method of preparing the Iraqi standards according to international
standards, in a manner that ensures the participation of the relevant bodies,
including the broad participation of the private sector," the spokesman of the
ministry Abdul-Zahra al-Hindawi said in a statement. "He pointed out that" the
device has begun to review the Iraqi standard approved periodically every five
years, the number of specifications and technical requirements has seen a clear
increase during the past three years. " He pointed out that "the number of
specifications completed during the past three years amounted to 234 standards
by the end of the first half of this year distributed by 77 standards in 2015,
132 standards in 2016 and 25 specifications during the first half of
2017. Al-Hindawi pointed out that "the activity of gold jewelry
by the Central Organization for Standardization and Quality Control has also
witnessed a rise in the quantities of jewelry reviewed and renewal of vacations
as well as the detection and inspection of jewelry stores, in connection with
the examination and labeling of jewelry has been able to examine and mark {1576}
kg of jewelry Gold and silver during the first half of this year. " He
added that "the total quantities examined gold and silver jewelry during the
last three years amounted to (4635) kg, and was granted and renewal of 2381
vacation formulation, including (508) leaves during the first half of this year,
and the inspection of 5408 shops of the shops, including 1226 shops during the
year Present". Al Hindawi added that "the system has completed (70163)
calibration of both industrial and legal types, including 19267 industrial
calibration and 50896 legal calibration during the past three years was the
share of the first half of the current year 11,896 calibration," noting that
"cadres of the device was able to carry out 8782 site surveys on industrial
projects during Three of which 1812 were disclosed during the first six months
of this year, while the number of tours in the local market 616 rounds,
including 154 tour of 2017 was examined 12544 different models. "The Central
Organization for Standardization and Quality Control granted 867 patents during
the first three years, 178 of them during the first half of this year, while
more than 1,400 applications were received for patents, 164 industrial models,
125 industrial model certificates, A third-party laboratory of accreditation
within three years, including 10 laboratories during the current year.
The
technical agent of the Ministry of Transport is discussing with Fattalawi and
Jubouri the establishment of an airport in Babel
Baghdad / Al-Ghad Press: The technical agent of the Ministry of Transport, Abbas
Omran Moussa, met on Monday with members of the House of Representatives Hanan
al-Fatlawi and Haytham al-Jubouri, to discuss the establishment of a civil
airport in Babil province. Moussa said, according to a
statement of the Ministry of Transport received by "Al-Gharab Press", that
"under the guidance of the Minister of Transport Kazem Vajan al-Hamami, this
meeting was held to allocate the land on which will be established Babil
International Airport.
Trump: All nations
must share the financial burden of the United Nations
President Donald
Trump called on the United Nations to focus more on people rather than on
bureaucracy, calling on all nations to share the financial burden of the United
Nations, set clear goals and benchmarks for peace operations,
"In recent years, the United
Nations has not achieved its goals because of bureaucracy and mismanagement,"
Trump said during a session on changing the UN system in New York on Monday. "I
call on the United Nations to focus more on people rather than on
bureaucracy." Trump also called for "clear objectives and benchmarks for
peace operations"
The British
defense minister, Michael Fallon, arrived in Baghdad on Monday morning, as part
of an official visit, to discuss the file of the war against Daqash and
political situations, most notably the referendum in the Kurdistan
region.
"Fallon will meet a number of
officials in the ministries of defense and interior to discuss the issue of the
war on the Daqash within the framework of the visit," a source in the Iraqi
foreign ministry said. The source said that "Fallon will
also put the position of his country rejects the referendum on the secession of
the province to be held on the 25 of this month." For its part,
the British embassy in Baghdad confirmed today in a statement that "Fallon will
assure the Iraqi officials of his country's continued support for Iraq in its
war against Dahesh in addition to discuss the political developments in
Iraq." The statement added that "during the meetings will also
discuss bilateral cooperation between the two countries." The visit of the
second British defense minister in less than a year, where he made an official
visit to Baghdad in February.is over
The Turkish army is
conducting maneuvers on the Iraqi border days before the
referendum
The armed forces
began military exercises on the border with Iraq on Monday, a week before a
referendum on the independence of the Kurdistan region demanded Ankara to cancel
it.
The Turkish army said in the
statement that its operations targeting terrorist groups in the border area with
Iraq will continue at the same time with maneuvers. Turkey, the
United States and other Western powers have urged the Kurdistan region to cancel
the referendum, expressing concern that it could increase tensions and divert
attention from the war to a vocal organization in Iraq and Syria. Turkish Prime Minister Ben Ali Yildirim said last Saturday
that the September 25 referendum was a national security issue and warned Turkey
would take the necessary steps toward it. Turkish President Recep Tayyip
Erdogan said on Sunday he would meet Prime Minister Haider al-Abadi this week to
discuss their concerns over the referendum, and the Turkish foreign ministry
said that "this referendum will have a price."
Dahesh provides for the execution of four of
the most prominent leaders in Anbar
A security source in the province
of Anbar on Monday announced that the organization "Da'ash", the execution
of four of the most prominent leaders, while trying to escape from his prison
west of Anbar, in the direction of the Syrian area of Albu Kamal.
The source said that "the
organization of Daadish was executed by firing squad in one of his squares west
of Anbar, four of the most prominent leaders of the extremist organization on
the backdrop of their escape and their families to the Syrian area of Albu
Kamal, in conjunction with the preparations of the
security forces and the forces that support her break into his
prison.
He added that "the four leaders
supervisors of the extremist factions in the district of the district and
narrated and al-Qa'im fled towards the Syrian area of Albu Kamal, but the
control of the organization of Daedh stopped and arrested them and then executed
before a large gathering of leaders and elements of the organization
urged.
Turkish military
exercises on the border with Iraq
ANKARA (AFP) - Turkish armed
forces announced on Monday the start of military exercises on the Iraqi border a
week before a referendum on independence in Iraq's Kurdish region opposed by
Ankara.
"Anti-terrorism operations in the
border area continue in parallel with the exercises," the Turkish military said
in a statement.
The referendum will be held on
September 25 in the Iraqi province, which since 1991 has been self-governing and
has expanded over time.
Ankara, facing a Kurdish rebellion
in its south-eastern regions, strongly opposes the referendum.
Witnesses said they saw up to 100
military vehicles, including tanks deployed at the Iraqi border early Monday,
according to an AFP correspondent in southeastern Turkey.
Turkey has repeated several times
its opposition to the referendum, warning it will have a price.
Turkish President Recep Tayyip
Erdogan said Sunday that the referendum would be a "mistake" and that the
Turkish Security Council would hold a meeting on January 22 to discuss the
issue.
Erdogan also announced Sunday that
he would hold talks with Iraqi Prime Minister Haider al-Abadi, who is also
opposed to the referendum, on the sidelines of the UN General Assembly in New
York.
Turkey, which has good business
ties with Erbil, fears the consequences of a Kurdish state on its border.
The United Nations has proposed a
three-year agreement between Iraq's Kurdistan and the central government in
Baghdad on the status of the autonomous region in a bid to postpone the
referendum on independence.
Adel Abdul Mahdi: The situation between Erbil and Baghdad is like a
compass that needs to balance
Former oil minister Adel
Abdul-Mahdi described the current political situation between Erbil and Baghdad
as a compass that needs to be balanced to ensure the rights of all
parties.
Abdul Mahdi said in a newspaper
article that the demand of the Kurds to secession is not new, recalling the
agreements that gave the Kurds hope of separation and those that stressed the
unity of the country.
And Abdul-Mahdi
influenced the decision of independence by international and national will,
stressing the need to discuss the subject in all respects and take into account
the right of the Kurds in an independent state away from the policy of imposing
one opinion.
Kauaihn Economic Times:
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The 10 NFL teams whose games give you the best bang for
your buck You could pay $330 to see the Cowboys in person or about half as
much to watch one of these other NFL teams.
ITUC: The Global Economic Model has
FailedIPS News Secretary General of the ITUC Sharan Burrow at her office in
Brussels. Foto: Linda Flood By Linda Flood BRUSSELS, Sep 18 2017 (IPS) Sharan
Burrow has just returned from a long weekend in Latin America. In Panama she met
with laborers. Out in the real world. That is where she is most at home. Where
working conditions are poor. Conditions that she has spent her life trying to
change. It’s Monday at ITUC’s office in Brussels. A first hectic week after the
summer is underway. This autumn’s agenda is Read the full story
5 top finance stories, and how China explains the
dollar's tumbleYahoo Finance Yahoo Finance editors scoured the web for the top headlines.
Read the full story
OIL
/ COMMODITIES / ENERGY
Commodities - Gold Falls In Asia As NKorea Risk At
Bay, Copper JumpsInvesting.com
Gold slips as equities and dollar rise ahead of Fed
meet Gold slipped to its lowest level in over two weeks on
Monday as the dollar and equities rallied.
An engineer has discovered a way to turn liquid oil into
spill-resistant pellets with air capsules in their core for buoyancy. Read the full story
Oil majors becomes greener with cuts to
pollution Energy Voice It’s no secret that oil majors are among the biggest
corporate emitters of pollution. What may be surprising is that they’re reducing
their greenhouse-gas footprints every year, actively participating in a trend
that’s swept up most corporate behemoths. Sixty-two of the world’s 100 largest
companies consistently cut their emissions on an annual basis between 2010 and
2015, with an overall 12 percent decline during that period, according to a
report from Bloomberg New Energy Finance released Read the full story
Fedcoin? Central banks may need 'digital alternative to
cash,' global financial watchdog says Central banks may one day need to issue their own
cryptocurrencies, the Bank for International Settlements, or BIS, said in its
latest quarterly review.
World central banks cannot ignore Bitcoin and
other cryptocurrencies, says BIS The Independent The world’s central banks can’t sit back and ignore the
growth in cryptocurrencies as it could pose a risk to the stability of the
financial system, according to the Bank for International Settlements (BIS).
Read the full story
This major UAE bank is halting many of its major
services for three daysWhat's On Dubai
Including mobile and online banking… Customers of Abu Dhabi
Commercial Bank (ADCB) have received a notice via email that a number of the
institution’s major banking services will be unavailable from Saturday, 30 September to
Tuesday, 3 October. Branches will remain open but unable
to process many key functions including transferring of funds, and depositing
and withdrawing cash or cheques. Both online and mobile banking will also be
offline during this period. The timing of this is pretty sticky Read the full story
UBS: 'Headwinds could persist' for Wells Fargo after the
fake account scandal killed its stock last yearBusiness Insider
UK
REUTERS/Noah Berger Wells Fargo's troubles keep getting worse.
So far, the bank has agreed to pay a $190 million settlement, return $2.8
million to at least 1.4 million additional customers, and lost its CEO. Despite
the cooperation with regulators and reparations payments, Swiss bank UBS says
its analysis "suggests revenue headwinds could persist," and has lowered its
price target by $3 to $56. See the rest of the story at Business Insider NOW
WATCH: The looming war between Alibaba and Amazon Read the full story
Banks Raise Concerns Over CFPB Small Biz Loan Data
CollectionPYMNTS.com
The Consumer Financial Protection Bureau is preparing to
collect data on how lenders work with women-owned, minority-owned and small
businesses (SMBs), but the American Bankers Association (ABA) has expressed
concerns over the initiative. Thursday (Sept. 14) was the last day for the CFPB
to receive comments on its data collection process, an initiative outlined in...
Read the full story
Credit Card Review: Bank of America Premium
RewardsThe Points Guy Official Application Link: Bank of America Premium Rewards Card
The credit card space has been on fire in the past year, especially with the
launch of the Chase Sapphire Reserve in 2016. We’ve seen a number of new
products emerge in 2017, now including the new Bank of America Premium Rewards
card, which is one of the best mid-tier entrants in the market that I’ve seen in
quite a while. This card isn’t like other products that have $450 annual fees
and a ton of perks; this card has a modest $95 Read the full story
Goldman: Banks win, companies with high debt lose from
Fed's upcoming historic moveCNBC As the Fed starts unwinding the stimulus it provided to snap the
economy back to life, two types of companies should benefit, Goldman Sachs says.
Read the full story
Dow, S&P 500, and Nasdaq hit record highs after big
defense deal U.S.. stocks opened higher on Monday after a big deal in the
defense sector was struck. Investors also looked ahead to a key Federal Reserve
meeting. Read more: https://www.cnbc.com/2017/09/18/us-stocks-record-highs-fed-northrop.html
Hey Congress, Hurricanes and Health Care Have a
Lot in Common: Bloomberg View Insurance Journal As Congress continues to struggle with health insurance
reform, members should be ruminating on the scenes of “recovery” beaming in from
East Texas and Florida, where the majority of households — many now severely
damaged or destroyed — had not purchased flood insurance. As after Hurricanes
Katrina in 2005 and Sandy in 2012, many of those now waiting to see if federal
aid and charity will help rebuild homes, of course, wish they had. Flood
insurance in storm-prone areas and health insurance have Read the full story
Fifth Third acquires insurance
company Dayton Business Journal Cincinnati-based Fifth Third is the largest bank in the
Dayton region with $5.37 billion in local deposits, as well as 74 area branches
and 700 employees. A subsidiary of Fifth Third Bancorp has acquired a
Louisville-based insurance company. Fifth Third Insurance Agency Inc., an
indirect, wholly owned subsidiary of Fifth Third (Nasdaq: FITB), announced it
has agreed to buy Epic Insurance Solutions Agency LLC. Terms were not disclosed.
Epic Insurance Solutions Agency recently reached an agreement Read the full story
Seniors Will Soon Lose the 2 Top Medigap
Plans Investopedia Attention, seniors: Beginning Jan. 1,
2020, you will no longer be able to sign up for the two
most popular Medigap plans. What you need to know. Read the full story
CURRENCIES
Someone in Geneva is cutting up €500 banknotes and
flushing them down toiletsBusiness Insider UK
Kris McKay/Solomon R. Guggenheim Foundation Someone in the
Swiss city of Geneva has been trying to flush tens of thousands of euros down
toilets. Swiss prosecutors opened an investgation after the first €500 euro note
was found several months ago in a bathroom close to a bank vault at the Geneva
branch of financial company UBS, Bloomberg reported. More notes were found a few
days later in toilets at three nearby restaurants — and thousands of Swiss
francs have now been spent on unclogging pipes Read the full story
Forex - Dollar Holds Steady as Focus Turns to Fed
MeetingInvesting.com Dollar little changed vs. rivals in quiet trade Read the full story
Forex - USD/CAD Edges
Slightly Higher in Early Trade
Pound V euro: GBP weakens from two-month high against
EUR after markets rate hikeExpress
THE pound exchange rate against the euro is weakening at the
start of this week's session as GBP slides from the high struck following recent
comments from the Bank of England . After surging by around four cents last week
GBP/EUR is currently holding at around €1.136, down 0.1 per cent from this
week's starting level of €1.137. Speculation that the BoE will soon vote to
begin tightening its monetary policy has failed to support sterling this week
after Foreign Secretary Boris Johnson Read the full story
Forex - Aussie, Kiwi Move Higher Vs. Greenback in Late
TradeInvesting.com
Antipodean Currencies Rise As Asian Stock Markets Traded
HigherRTTNews Antipodean currencies such as the Australian and the New Zealand
dollars strengthened against their major counterparts in the Asian session on
Monday, as Asian stock markets traded higher. This was due to the absence of
fresh provocations by North Korea over the weekend. Read the full story
Rupee steady against
dollar
Dawn In the local currency market, both the dollar and euro remained
depressed against the rupee last week. Trading activity was dull in the absence
of dollar buyers amid comfortable level of US currency supplies. The rupee
continued to trade in a narrow-range on thin volume. The rupee/dollar parity
maintained its previous weekend levels unchanged in all the five trading
sessions as the currency market remained subdued. Consequently, the week ended
flat at Rs105.40 and Rs105.41. Overall, the rupee on Read the full story
Despite Endless Hurricanes, People Keep Moving to
Florida FORTUNE
As of 5 p.m. Eastern Time on
Sunday, Maria is a full-fledged hurricane, joining two
other named storms, Jose and Lee, in the Atlantic. But Maria is the scary one.
Whirling some 500 nautical miles southeast of the U.S. Virgin Islands, it’s
traveling on a heading that appears to eerily track the devastating trail of
Hurricane Irma. By Wednesday
morning, projects the National Hurricane Center, Maria
is expected to suck up the warm froth of the blue Caribbean sea and grow into a
major Category 3 Read the full
story
Dreamers and green card lottery winners strengthen
the U..S. economy Salon The DACA program’s inherent diversity is what makes it a
boon for the U.S. economy. AP Photo/Pablo Martinez Monsivais While President
Donald Trump and his fellow Republicans have long decried illegal immigration
and proposed remedies like the wall and mass deportations, they have
traditionally favored the legal kind, partly because their business donors
demand it. That seems to have changed. In August, the president publicly backed
a GOP bill to slash the number of “green cards” awarded each Read the full story
EMERGING
MARKETS
Brazil invites Iranian banks to open
branches POST Online Media Iranian banks will be able to open branches in Brazil after
following due process like banks of any other nation, as the Latin American
country welcomes expansion of trade ties with the Middle East country, Brazil's
ambassador in Tehran said. "In order to help promote trade, foreign banks
including those of Iran are able to act in line wit... Read the full story
MIDDLE EAST
Russia digs into Iraqi-Kurdistan with huge gas
pipelineThe New Arab
UN says number of people going hungry in world
spiked during 2016 The New Arab UN says number of people going hungry in world spiked
during 2016 Read the full
story
Foreign investments in Egypt’s debt instrument
hit $17.6bn - Ministry
Mubasher
Cairo – Mubasher: Foreign investments in Egypt’s debt
instrument reached $17.6 billion since the liberalisation of the exchange rate,
deputy finance Minister Ahmed Kojak told Reuters on Monday. Last week, the
governor of the Central Bank of Egypt … Read the full story
Saudi to issue tenders for 1,600km rail line by
early 2018 Gulf Business Contracts for the long-delayed project were first awarded
in 2008 The post Saudi to issue tenders for 1,600km rail line by early 2018
appeared first on Gulf Business. Read the full story
Abu Dhabi bank ADCB’s services will be unavailable
for three days Gulf Business The bank is carrying out a system enhancement during the
end of the month The post Abu Dhabi bank ADCB’s services will be unavailable for
three days appeared first on Gulf Business. Read the full story
AFRICA
eNCA | City has not seen a 'single dollar' of Zim
diamonds proceedseNCA.com
The state-owned Chiadzwa diamond fields, next to Mutare,
are regarded as one of the largest diamond deposits in the world. Read the full story
Africa Is Rich in Diamonds but Still Remains
Poor AllAfrica Africa Is Rich in Diamonds but Still Remains Poor For months
now, Africa's rough diamonds have been increasing in value but the sale proceeds
do not reach the people. Instead, they benefit metropolitan elites and the mine
companies, which are usually foreign-owned, writes Deutsche Welle. Africa:
Continent Is Rich in Diamonds but Still Poor Read the full story
This South African Grocery Store Is Now Accepting
Bitcoin Payments
iAfrikan
In possibly what is a world first, South Africa's Pick n
Pay (PnP) accepted Bitcoin payments as a payment method at one of its stores for
a limited time. This allowed customers at Pick n Pay’s campus store to pay with
Bitcoin for their groceries and other Pick n Pay services. South African FinTech
startup, Electrum, provided the cloud-based enterprise payments platform used
for the transactions. Electrum has been making great strides having recently
been selected to participate in a Gartner Read the full story
There’s never been a better time to strengthen
relations with Africa City A.M. I am writing today’s article from Sub-Saharan Africa, as I
lead a City delegation to Mozambique, Zambia and South Africa. I am now halfway
through my two-week visit, and it has been enlightening so far. Having met with
senior business and government officials, including the Prime Minister of
Mozambique, I have enjoyed discussing how we can build closer business ties
between the UK and the individual countries. During my year in office, visiting
both established and emerging markets was a key Read the full story
African copper, nickel mines on Coal India radar
as miner diversifies Mining Weekly Africa Having decided to evolve into a diversified resource major
from a pure play coal miner, Coal India Limited (CIL) has identified copper and
nickel mines in Africa for its maiden overseas foray into noncoal minerals. KPMG
has been appointed to prepare the roadmap that will see CIL emerge as a
diversified mining company by 2030, following a Rio Tinto, Vale or BHP-type
model. CIL will retain coal as a core business. Read the full story
ASIA
Asian Markets Mostly
HigherRTTNews
Asian stock markets are mostly higher on Monday following the
record closing highs on Wall Street Friday and on easing worries about North
Korea. Investors are now looking ahead to the U.S. Federal Reserve and Bank of
Japan's meetings later this week for clues on the direction of monetary policy.
Read the full story
Asia Stocks Hit Decade High, Dollar Firm Before Fed
MeetingNDTV
For markets, this week's main event will be the Fed's policy
meeting on Tuesday and Wednesday, where it is likely to take another step toward
normalisation. Read the full story
Inside a Watershed Moment for China's
BondsBloomberg Policy makers in Beijing plan to gradually open the nation's
bond market to foreign investors. Bloomberg's Enda Curran reports on "Bloomberg
Markets." Read the full story
China provides $10 billion credit line to
IranPOST Online Media A Chinese State-owned investment firm has provided a $10 billion
credit line for Iranian banks, Iran's central bank president said. The contract
was signed in Beijing between China's CITIC investment group and a delegation of
Iranian banks led by central bank chief Valiollah Seif. The Iran Daily said the
funds would fi.... Read the full story
Bitcoin surges past $4,000 despite reports of a
wide-ranging crackdown on trading in ChinaBusiness
Insider Bitcoin mining computers are pictured in Bitmain's mining farm
near Keflavik Thomson Reuters Bitcoin has surged over $4,000 a coin on Monday,
despite reports that Chinese authorities have decided on a plan for a
wide-ranging crackdown on the crytpocurrency. The plan, which regulators
revealed to cryptocurrency executives on Friday, goes further than just a
shutdown on exchanges, according to reporting by the Wall Street Journal's Chao
Deng. According to Deng, Beijing regulators plan to shutdown Read the full story
EUROPE
European markets rise to 6-week highs; Portugal wins back
investment grade status; EDF up 2.1% European markets were higher on Monday, as global
investors returned to perceived riskier assets amid cooling geopolitical
tensions.
The CBI for Tuesday 9/19/17 did update on
the indicative rates Sell Rate 1184
The currency auction is
161162,772,407
There is one news and announcements
for Tuesday 9/19/17
Alimat
No. (2) for the year 2017 First Amendment to the provisions of the rules of due
diligence towards customers of financial institutions No. (1) of 2017 ...
9-18-2017
Intel/Newshound Guru payray Article:
"Referendum and reconstruction in the bag Abadi to
Washington" This is certainly a great sign as Abadi is
basically affirming to the world that he has got this through his visit to the
UN... If the PM of Iraq were not confident of this, would
he actually be there declaring such things?... Iraq
is unified, rebuilding, and will accomplish these goals with the help of the US,
and other nations...
9-18-2017 Intel Guru
RayRen98 On Friday we talked about the screens
showing live rates, with the possibility of visiting banks on Monday or
Tuesday. Some were on the alert on Sunday for possible activity but
apparently it didn’t materialize. Once the switch has been flipped, this
could come down in a waterfall, or in a small trickle, we wont’ know until it
happens. [How confident do you feel about Abadi’s statement that in
September the economic reforms will be complete and the world will feel Iraq’s
value?] Apparently he already did: Abadi said economic
reforms are complete. It’s now in the past rather than the future, and
that’s why we are all excited on this side. So we are patiently waiting to
see any signs or proof of that.
9-18-2017 Intel/Newshound Guru
payray Article: "Sulaiti: more than 90
billion dinars debt Basra companies and contractors" So
with all of this debt owed, the companies are just going to keep on building
without knowing whether they will be paid?... These companies are
not into philanthropy folks... They are they to make money... Theses companies
know that the bill will be paid in full, or all construction would cease
immediately...
9-18-2017 Newshound/Intel Guru Mnt
Goat Article:
"PROPOSALS TO BENEFIT FROM OIL REVENUES" Quote: "...it
is necessary to work according to a clearly defined long-term strategic vision
that includes optimizing the oil revenues... And the importance of the
availability of laws and legislation governing foreign investments such as the
oil and gas law and the environment law..." After reading this
article...I dare anyone to tell me that Iraq already has a clearly defined oil
and gas policy such as needed in HCL. They may have a plan but we keep
seeing that it is not sufficient for what they need and is not clear. There are
still amendments to HCL that need to be passed and are sitting in
parliament.
9-18-2017
Newshound Guru G-Lin Article: "IMF calls
for the restructuring of the rational and Rafidain
Bank" Quote: "The International Monetary Fund
(IMF) on Monday called on the Iraqi authorities to restructure the Rasheed and
Rafidain banks and strengthen the legal framework of the central bank, calling
for the cancellation of the remaining entry on the dinar exchange
rate." This is Big..."and cancel the
remaining restriction on the exchange rate and practice multiple exchange
rates"
9-18-2017 Newshound Guru Kaperoni "Federal Supreme Court Press Release
Regarding Kurdistan Referendum" Quote: "The
Federal Supreme Court held its on 18/9/2017 in the presence of members of all
considered the requests to stop the referendum procedures in the Kurdistan
Region and in the areas covered by the referendum."
Iraqi Supreme Court stops referendum...
9-18-2017 Intel/Newshound
Guru tman23 Internet Education...Floating
rates are determined by the market forces of supply and demand. How much demand
there is in relation to supply of a currency will determine that currency's
value in relation to another currency. ... Governments of emerging
market countries often do this to create stability in the value of their
currencies...
9-18-2017
Intel/Newshound Guru payray The IMF has been giving Iraq glowing reviews
for the last few months... I believe the next review will come after the
increase of the dinar takes
place...
9-18-2017 Intel/Newshound Guru tman23...[Guru] Kaperoni may be right in they will float the IQD...BUT it will
not float with the notes carrying 3 zeros... NEVER EVER NEVER!What we are looking for is money moving on market openings 10/8 after 5
pm and transfers etc... Not to get into all the specifics...We
just hope 3 zero notes are in play and the government needs us a mules to house
accounts with cash at banks... 9-18-2017 Newshound Guru
Enorrste Article: "Economic reforms
and upgrading banking institutions" I agree with KAP
[reference Guru Kaperoni, 9-18-2017] on this one. We wait.
But at least they are now seriously discussing moving forward
as opposed to two years ago when half of the economists were calling on Iraq to
wait, wait, wait.
9-18-2017 Newshound Guru Kaperoni Article: "Economic reforms and
upgrading banking institutions" I think the goal is
to raise the value to 1 to $1 or about. It just won't happen overnight as some
want to think. It's a process that will take a period of time (I believe 6
months to a year) via a float. In doing so, the zeros
disappear and Iraq moves to denominations like a 1, 5, 10, 20, 100 dinar and
some fils (coins). Keep in mind, if we are correct, and that is the plan, then
they simply just cannot decide arbitrarily to raise the value, they
need momentum. And that is created by investment. They need the
laws passed, banking insurance to invite investors to bring capital into
Iraq. The result creates inflationary pressure on the CBI to float
the dinar. And the result should allow the dinar to appreciate in
value. So we wait.
Tank Call Notes from Last
Night 9/17/17 P Tilton says: Call last night ..Tank was saying any second for release. Phillip said
Sunday or Monday. ACH went live Wednesday. Had to have it to go for
instant transfers Philippines have said their sovereign bank is open to exchange fiat money
for gold back currency TANK SAYING THAT THE PHILIPPINES ANNOUNCEMENT IS... THE RV
ANNOUNCEMENT Iraq $3.72 - included in
SDR. Phil said they have 72
hours Just talking about TDAs Same day ACH... At 2:00 in the morning thats when approval was given to
Ginger Check out closed hours as the ones during
the day had been reversed. Q:What are rates on precious metals?
B:Told gold
will go down to about $450. So purchase assets like properties and homes as
those are assets in the future Lady speaking about the OID incident that caused people to go to jail
several years ago. G:These are the Global Lateral Accounts... These
belong to you... I choose not to leave my money at the Federal reserve bank. If
you don't want to access your account because of the currency exchange then that
is your choice. G:Apparently
the IRS has closed the way we know it... They were giving out employees letters
of termination giving 2 weeks notice Tank just came into call and loved the conversation
that these 2 ladies were discussing T:Agrees that everybody should wait, and it is
all clear to us. (TDA processes). We are
the one's keeping the pressure on them.. We are going to keep talking about
this The Federal Reserve will not function like
we know it. There has been a changeover. The Republic has taken the cabal out of
power and replaced everything. Ginger is on top of these
changes. Tank tells this lady how well she has
spoken. Becky:We are in the
final 2 weeks before NESARA/GESARA takes place Your legacy accounts have been moved from the Federal Reserve
accounts. Tank:She is
correct. Until I see the Republic stand up and tell me they have control..Once
we see those changes then I will come back and give that out. . Go to the IRS
site and see some changes. Ginger: I am researching and doing this. The IRS is hugely downsizing... As soon as I get more info I will put it
out. G:They are
downsizing because the devil taxation will be eliminated. There will be taxes on
new houses and cars. A smaller tax. Oct 1 is 2 weeks away... All debt is supposed to be eliminated. (I assume
that's when they said NESARA/GESARA comes into effect becky@wavocal.net(Becky's email) Question about what will happen to the derivatives.
T:If the rates
we are hearing are correct then a couple of notes will cover
that. B:the USN is
here but we haven't had an official announcement T:Sept 15th was the date that changed
everything. Oct 1 is the beginning of the physical
year... The $$$$ is changing over as we speak. T:We are in a planned demolition just as 911 was. They are exposing things
because they want us to have change... It is a higher state of existence. The
money is the means to make us being free.
Catnip:dd
ARTICLE 1-A (from PM Abadi's website; posted only on Arabic
side, not posted on English side)
Dr. Haider al-Abadi: With the help of the Almighty God and the
determination of the Iraqi fighters spare, the dawn of the liberation of the
areas west of Al-Anbar and Ain.
September 19,
2017
Dr. Haider Abadi: They are coming to cleanse every spot of
land from the abomination of evil aggressors.
Dr. Haider al-Abadi: We will have another date with a new
victory and will not harvest gangs, calling the criminal only death and
defeat.
Dr. Haider Al-Abbadi: We seek the help of our fighters from
all ranks and formations and ask Al-Bari Gult his ability to provide them with
the reasons of strength and determination to complete the path of victory under
the banner of one Iraq.
Prime Minister 's Media Office
September 19, 2017
***************
ARTICLE 1-B (from PM Abadi's website; posted only on Arabic
side, not posted on English side)
Prime Minister Dr. Haider Abadi receives a telephone call from
the Turkish President
September 19, 2017
Prime Minister Dr. Haider Abadi received a telephone call from
Turkish President Recep Tayyip Erdogan.
Erdogan offered his condolences to the families of the martyrs
of the terrorist operation in Dhi Qar and his wishes for the wounded to
heal.
He also congratulated the Iraqi people on the remarkable
victories of the terrorist gangs, especially the liberation of Mosul and other
cities, praising the outstanding leadership role of Dr. Haider al-Abadi and the
importance of starting a new phase for the cohesion and unity of all
Iraqis.
The Turkish president also stressed Turkey's rejection of the
referendum in Kurdistan, stressing his country's full support for the Iraqi
government and all its steps aimed at preserving the unity of
Iraq.
Erdogan said that Turkey is keen to coordinate with Iraq for
the security and stability of the region.
For his part, Dr. Haider al-Abadi said that the unity of
efforts among all components of the Iraqi people was an important reason for the
victories, stressing the need to complete the liberation of all lands from the
clutches of terrorism.
He pointed to the importance of coordination among all
countries in the region to eliminate terrorism in all kinds.
Dr. Abadi stressed the clear position of the Iraqi government
to take all necessary steps to preserve the unity of the country and to prevent
all threats to civil peace.
Prime Minister 's Media Office
September 19, 2017
*************
ARTICLE 2
Jaafari arrives in New York
2017/9/19 11:12
[Ayna-Baghdad]
Foreign Minister Ibrahim al-Jaafari arrived in New York to
attend the 72nd session of the United Nations General Assembly and represent
Iraq at a number of meetings on the sidelines of UN meetings.
"Jaafari is expected to meet with foreign ministers and
officials of a number of countries in the world to discuss and strengthen
bilateral relations, and to mobilize efforts to maintain their standing
alongside Iraq and contribute to the reconstruction of the infrastructure of
Iraqi cities," a foreign ministry statement said.
Prime Minister Haider al-Abadi is due to address Iraq at the
UN General Assembly meeting in New York City.
*************
ARTICLE 3
The decision of the Federal Court to stop the referendum at
the request of Abadi
2017/9/18 13:29
[Ayna-Baghdad]
The Prime Minister's Office announced that the decision of the
Federal Supreme Court issued on Monday to stop the referendum in the Kurdistan
region came at the request of Prime Minister Haider Abadi.
A statement to the office received the agency of all Iraq
[where] a copy of him that Abadi "a request to the Federal Court on the
unconstitutionality of the separation of any province or province of Iraq, as
well as the issuance of a mandate to stop the proceedings of the referendum
secession of Kurdistan."
"Accordingly, the Federal Court approved the request," the
statement said.
The Federal Court issued an order today to stop the procedures
of the referendum Kurdistan region and in the areas covered by the referendum
scheduled for next Monday.
The court said in a statement that "after deliberation and to
provide the formal requirements in the legal applications, issued a mandate to
suspend the proceedings of the referendum until the resolution of the cases
established unconstitutional decision "He said.
The House of Representatives voted earlier to reject the
referendum of Kurdistan, and must be rejected by the region and confirmed the
continuation of the referendum scheduled for next Monday.
The region also rejected a proposal submitted by Western
countries and the United Nations.
*************
ARTICLE
4
What does it mean to stop the
Kurdistan referendum?
2017/9/18 20:28
[Ayna-Baghdad]
A legal expert explained, the
federal order of the Federal Supreme Court to stop the proceedings of the
referendum in the Kurdistan region.
Tariq Harb said in a press statement
that "the federal court order to postpone the referendum of Kurdistan is a
procedure taken by the court at the request of the provision, a term mitigating
the provision of the moratorium to hold the referendum until the resolution of
the case.
He pointed out that "the state order
does not mean deciding the verdict, but it is temporary until the decision of
the case and the opponent's objection, which can file his case against
him."
Harb pointed out that "the federal court
order is a temporary measure to stop the referendum until the judicial
decision, which is not only the Iraqi judiciary, but is applied
internationally."
The Federal Supreme Court issued at
its meeting Monday at the request of Prime Minister Haider Abadi on the
unconstitutionality of the separation of any province or province of Iraq, a
mandate to suspend the procedures of the referendum scheduled to be held on
September 25, issued by the Presidency of the Kurdistan region until the
resolution of the cases established by The constitutionality of the said
resolution.
***************
ARTICLE
5-A
Video: Iraqi Sikh planes strike strikes to sites calling in
Qaim
BAGHDAD (Reuters) - September 18 - The air force command
announced on Monday the participation of its air strikes in the liberation of
Iraqi territory from the control of the so-called Daish organization, west of
Anbar.
"The Sukhawi planes launched successful air strikes in al-Qaim
district against al-Qa'im and its weapons stores," it said in a statement. "The
strikes resulted in the killing of a large number of the organization's
militants" without further details. Ending
***************
ARTICLE
5-B
He calls for the execution of four of his leaders after
fleeing towards the Syrian border
ANBAR, September 18 (UPI) - An al-Qaeda operative has executed
four Iraqi leaders in the town of Bou Kamal on the Syrian border with Iraq, west
of Anbar province, according to informed sources in the Anbar province. "The
four leaders were executed, Shot in the middle of a public square after fleeing
from the city about him towards the Iraqi-Syrian border. "
The sources added that "significant differences occurred in
the ranks of Dahesh against the background of the execution of four of the
leaders of the organization west of Anbar.
During the attempt to escape with their families to the area
of Albu Kamal Syrian, "noting that" the differences came also after the
request made by a number of leaders of the organization supervisors to cut him
to withdraw from the city to the east of the province of Qaim because of their
ability to resist the security forces and the forces supporting them when
initiating The process of storming. " AH
***************
ARTICLE
5-C
URGENT Urgent liberation of
Al-Rihana west of Anbar
2017/9/19 9:19
[Ayna-Baghdad]
The Joint Operations Command
announced on Tuesday morning the start of liberation operations in the province
of Al-Rihana west of Anbar province.
"The drums of war are still playing the tune of victory. In the
recent past, we uprooted the roots of terrorism from the given Nineveh and
Akashat in confident steps. I believed in God Almighty and achieved great
victory," deputy commander of operations Abdul Amir Rashid al-Yarallah said in a
statement. And with high speed and accuracy praised by the whole world.
"
He added: "Today, after trusting
God, the legions of victors from the pieces of the operations of the island of
the 7th Infantry Division and the 30th Infantry Brigade, the 8th Infantry
Division and the tribal crowd, launched a large operation to liberate the region
of Rihanah and eliminate it from the defilement of terrorist
gangs."
"We are confident that
victory is coming and that the enemy knows its fate
in the land of Iraq, which has become a cemetery for him and tasted of
the blows of the men of Iraq, shame and disgrace after trying his luck in the
dust that breathes freedom since God created him, Iraqis call you to victory
victory, And God is the faithful. "
***************
ARTICLE 5-D
The return of 13,000 displaced people to the right and left
coasts coming from camps east and south of Mosul
BAGHDAD (Reuters) - September 19 - The Ministry of
Displacement and Migration (MoD) announced on Tuesday that more than 12,000
displaced people were returning to their areas on the right and left coast of
Mosul.
"Some of the displaced people also came from al-Nahrziliyya
camps," he said in a statement. And Kermawah from the province of Dohuk, where
last week saw the return of 12 thousand and 553 displaced to their areas of
origin in Mosul through large buses in coordination with the Ministry of
Transport to return to their areas as well as the allocation of trucks carrying
in cooperation with the leadership of joint operations to transport their
furniture. AH
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