Word on the Street Tuesday 1/23/18:
TNT CONFERENCE CALL MONDAY 1/22/17 DC NY CALL RECAP:
Good afternoon TNT Superfantastic Family. Today is Marvelous Monday. We need to catch up from Friday's session. We gave you some good updates for the weekend to keep you poised. I will pull up the updates as a review. The most exciting thing over the weekend is some bank sources said they could actually see the lower denoms 1s, 5s, 10s at their facility, and they are to be released sometime. The fact they could see them and going to be distributing them and info that came to us from the US side banks were very much on high alert for some activity forthcoming. That was the weekend update. Sunday we were expecting some photographs. Also from the weekend update, we had Friday activity of a live rate being shared by a member.who was involved in the process. Of course when I sent a member back to that branch it was no longer available. Not sure if they were looking at the wrong rates but heard tier one banks that were involved in the process were supposed to receive rates on Friday. Then being live was an expectation and thought that rates may have appeared prematurely. Thought we would receive a little more info today to let us know if that was the case. We also had reports banks could see rates at the retail teller windows on the front screen as well as on the back screens. They were just not live yet and was postive to learn. That was taking us thru the weekend in anticipation of what may surface today. That was the weekend updates. Now we are going to bring you up to speed and tell you a few things. Let's see what Tony is saying.
Tony: The info was all good. Now we are seeing how this happened. I saw someone had asked why are the lower denoms coming out again? All the lower denoms were shipped and printed in Texas and flown out of NJ. Now they have moved the printing locations to Europe. New ones have just come out and decided to do that want to make everything electronic the more they can control being faster and more efficient. In December was the big reveal of everyone getting paid on their cards. Last couple of years others said that was not true. They are located in the govt in Iraq and what it means we give you info that noone else has. We put out the $3.71 and then heard people were getting paid. They paid in levels in industries. Government officials, and other paid all different days and not at the same time. Green zone, Baghdad and then to other areas of the country. Kurdistan gets updated before Baghdad. They move a lot faster and more modern making things happen that much faster. They are still getting used to the banking system and that is why they are going thru training on ATM's. It took over a week for all to get paid and rate changed on Sunday morning at 3 am. We have a new rate they said. It is a good rate and requirement of Iraq that all their bills had to be paid. Saturday night in the Kurdistan region they had everyone paid. It took that long to get it done. All got paid a the higher rate just over $3.71- $4.07. Now Kurdistan is completely paid, and everyone is paid in Iraq. This is what we were told that this is going to be a slow rollout. Our guy who gets paid is the first to see the new rate and info. It showed up on its card. There is only 3 people that know the exact moment of time that it is supposed to happen. There is a date set and a time set for this month. It was set for earlier this month and was supposed to hit Forex on the 2nd. They passed the tax law, and our country wanted the new tax law implemented in January so it would show up on checks in February's economy. It was taking time. What they are doing now is the average person will get $100 a month because taxes dropped to 20% to create jobs for you. This will happen the end of the month and you will start spending money from this revaluation. That will build the economy. Same thing happened with the Kuwait revaluation. We will be spending a lot of money in the month of February. That is what is happening and that is why we are being delayed till the end of the month. It is finally done and the same thing over in Iraq. Slow rollout. It took like 10 days for the Iraqi to have the rate to show up on his card. We got the call at 3am and he should be paid by the end of the week. That is what we call a slow rollout. We have to make sure it is throughout the country in stages and completed before they release it internationally. Christmas was a good day. Rate was finally on the cards and had to happen. Saturday is what was supposed to happen on the 12th in Iraq and on the 15th it was supposed to go on Forex. It didn't happen. This Saturday they got all caught up and it is scheduled for this month. That is why it is working the way it is working. The last release is at the Treasury, we and heard it was at the bank on 2 screens. Friday evening, Saturday and Sunday banks had meetings and told them they are on the highest of alerts. Call and exchange center people were told that when they get the call they will go right to their job at the exchange centers. This party is about to start. We are There. Rates are on the cards. Banks are seeing it on the screens. Everyone we called in 3 states to make sure that everyone was seeing the same thing. .We called an exchange locations and they got the info on Friday. Our global trader got that information on Friday. We are that much closer. All we have to do is hold on. 9 days left in this month and one of these days you are supposed to be super rich and one percenters in the country and benefit under 21% tax plan if you do it right. Life should all be about a party as long as you let your money make money. It should be a good year for everybody. Ray that is all I have and wanted everyone to understand what was happening and why it was happening.
Q and A:
Q: Have you heard any news the Dong would not increase in value at the same time as dinar but would go at some later date this year? Tony: I can tell you it is on the screen right now and the plan to go. It could go from .47 to $2.00 Q: How will the higher prices be reflected in Iraq? Tony: They are just changing the value of their money and prices have to go down. Q: We have heard different rates? Tony which ones are relevant at this time. Tony: Iraq Program rate 1189 right now. Street rate will be the rate in Iraq and when it changes. After it happens that will be the street rate. International rate street rate or forex rate. Everybody gets that rate unless you have a contract rate. Tier 1-5 rate and each has a different rates and were assigned by who you know in the government. All of us street people are supposed to get tier 4 and some tier 3 rates. You are suppsed to get perks too if you ask. Premium is what the bank will offer their high net individuals and some contract rates too.
Callers:
Caller : Do you know the tax rate? Tony: It shouldn't matter to us and heard 15%. Caller: We heard the currency will RV overnight. When will we know? Tony: I think that is the best time for it to happen overnight.The time is supposed to be after 4 pm on Friday or 1-3 am in the morning. It could go at anytime. Caller: I heard you mention about the Treasury? Tony: Treasury is waiting for authorization to go to the teller screen and for us to get paid. That should be the last release. What Ray said was at the Exchange locations. Why are we waiting? I don't know and said there is a day and time that has been selected, and I just don't know when it is. Caller: 919 You spoke about ZIM. Tony: It doesn't have to be over 25 years and you can negotiate it. Curent rate for Dong .47 and Zim .14 and could be much higher over 22 months. Caller: Do you think the Dong will follow right behind the Dinar? Tony: My gut feeling it will all change at the exact same time and if there is a one day, 3 day or week differnce I would buy up all the currency I could. Caller: Do you think it will come out at ,47 cents and higher. Tony: I have heard $1.05 and over $2.00, but the rate on the screen is .47 cents: Caller: 503 What is you understanding on cap rates? Tony: Only thing I know 500 million for the ZIM and everything else over 25 years. Caller: Do you see.47 cents and 2.20 Dong. Is .47 cents the low number and $ 2.20? Tony: .47 and how long you want to wait. China had contracts for Dinar and now doing contracts for the Dong now too.
Ray's Wrap Up: That is going to do it for the evening segment of TNT and will be back on regular time Wednesday 1 pm EST unless something happens before then.
Tony: I am looking for a Superfantastic week and hope this is it. What I have been told it is this month and on schedule right now for this month. Only 9 days left so I can wait. Thank you Ray.
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,167.5000 | 1,166.4000 | 1,166.4000 | | 07:09 |
| USD/VND | | | 22,675.5000 | 22,360.0000 | 22,360.0000 | | 07:09 |
| USD/CNY | | | 6.4064 | 6.3932 | 6.4053 | | 07:10 |
| USD/KWD | | | 0.3001 | 0.2994 | 0.3001 | | 07:09 |
| GBP/USD | | | 1.4001 | 1.3923 | 1.3987 | | 07:10 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 13,342.0000 | 13,299.0000 | 13,333.0000 | | 07:05 |
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DC NY Iraq Articles:ddd
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Experts: Government promises to activate the private sector ink on paper
The economic expert Abdul-Hassan al-Shammari that the government promises to activate the private industrial sector is a piece of paper on the evidence that Prime Minister Haider Abadi when he announced the reform paper on December 31, 2015 was included 14 points to support and activate the private industrial sector and so far has not been implemented Point of the reforms.
Al-Shammari said in a press statement that "the industrial loans announced by the government have not been disbursed so far because of the bureaucracy as well as the terms of guarantee that is difficult for the industrial or the owner of the project to implement in order to obtain the loan," pointing out that "the absence of the actual will of the government to support the economic sectors The Iraqi industrial sector is wasted, in addition to the policy of dumping commodity markets make the domestic product is not able to compete. "
A member of the Committee on Economy and Investment MP Zitoun al-Dulaimi said that there are several reasons behind the deterioration of the Iraqi industrial sector, including the policy of dumping goods followed by the government after 2003 and the absence of customs regulations and customs duties on imported products.
Dulaimi said that "there is a large government neglect of the economic sectors where the budget comes from the government and be free of financial allocations to promote the Iraqi industrial sector where it is an operational budget includes salaries of employees only," indicating that "the government does not have a strategic plan through which to make there A sophisticated domestic industry. "
"The government depends entirely on the oil supplier and will not think about the future of the country as the world seemed to reduce its consumption of oil because of alternative energy, which means that most countries of the world will give up oil, how can Iraq in time to manage its financial resources, To develop a strategic plan for the advancement of the industry by granting advances and soft loans to activate it.
National Investment: The Kuwait Conference will witness the presentation of 157 strategic and medium projects
The National Investment Authority announced on Tuesday that the investment opportunities to be presented at the Kuwait International Conference will reach 157 projects, indicating the projects will be strategic and medium.
"During the Kuwait International Conference for the Reconstruction of Iraq, which will be held in Kuwait from February 12 to 14, 157 projects will be presented to all sectors of the Iraqi economy," the agency said in a statement received by SNG.
"The projects that will be presented will be the major strategy and the other medium, including oil and gas, transport, housing and agriculture."
The major strategy to be offered for investment is the fertilizer, petrochemicals, railway, airports, tunnels and highways sectors as well as the housing sector, while the medium projects will include the engineering, health, education, agricultural, leisure and trade sectors. "
The Kuwait International Conference is scheduled to be held for the period from 12 to 14 of next February and will be dedicated, the first day will be devoted to the presentation of investment opportunities in Iraq, and will devote the other days to collect $ 100 billion for the reconstruction of liberated cities and will participate in the conference 70 countries, Including the World Bank.
Integrity: 300 transactions for loans received in Muthanna worth 5.5 billion dinars
Editorial Date: 2018/1/23 12:28 • 120 times read
{Baghdad: Al Furat News} The Integrity Commission revealed that it was able to control the lending transactions disbursed in violation of the controls in the Rasheed Bank - Branch Samawah-35, indicating that the seizure was made under a warrant for judicial arrest.
A statement of integrity received by the agency {Euphrates News} a copy of it, "The Department of Investigation in the Commission, referring to the details of the seizure, to the receipt of information that a company that has branches in several provinces to receive loans from the bank without the knowledge of their owners Who submitted their applications through the company. "
He explained that "the staff of the Office of Investigation Commission in the province was able to control 300 treatment of lending to citizens of the Bank of Rasheed, by which the amount of five billion and 480 million dinars," referring to "the organization of the working group for the record of the assets of all the guarantees contained criminal assault."
He explained that "the staff of the Office of Investigation Commission in the province was able to control 300 treatment of lending to citizens of the Bank of Rasheed, by which the amount of five billion and 480 million dinars," referring to "the organization of the working group for the record of the assets of all the guarantees contained criminal assault."
Zidane: Independence of the judiciary is an important factor in maintaining the security and stability of the country
Release date: 2018/1/23 11:14 • 93 times read
"The independence of the judiciary is an important factor in maintaining the security and stability of the country," said Supreme Court President Faik Zaidan.
"The judiciary has been and still is the secretary of the people's rights," Zidane said in a speech on Tuesday, the day of the Iraqi Judiciary Day, which is being held by the Higher Judicial Council in Baghdad in the presence of a number of world ambassadors, heads of the judiciary from different countries and a large number of Iraqi judges. Stressing that "the judiciary lost its independence when the former regimes within the government."
He pointed out that "the march of independence of the judiciary culminated in the legislation of its law on this day of the previous year," considering "the Supreme Judicial Council on the day of enacting its law on the day of the Iraqi judiciary," noting that "the experience of independent judiciary in Iraq is a pioneering experience in the world."
"The judiciary continued its work despite all the circumstances, even during the occupation of cities by terrorism," Zidane said, adding that "our belief in the independence of our judiciary is our fortress to achieve justice."
He added that "the belief of the other authorities in the independence of the judiciary supports the consolidation of the foundations of the national state," stressing that "the other authorities must consult the judiciary related to the laws for the sake of exemplary justice."
He pointed out that "the march of independence of the judiciary culminated in the legislation of its law on this day of the previous year," considering "the Supreme Judicial Council on the day of enacting its law on the day of the Iraqi judiciary," noting that "the experience of independent judiciary in Iraq is a pioneering experience in the world."
"The judiciary continued its work despite all the circumstances, even during the occupation of cities by terrorism," Zidane said, adding that "our belief in the independence of our judiciary is our fortress to achieve justice."
He added that "the belief of the other authorities in the independence of the judiciary supports the consolidation of the foundations of the national state," stressing that "the other authorities must consult the judiciary related to the laws for the sake of exemplary justice."
Rafidain launches financial facilities with easy benefits to citizens and employees
22-01-2018 08:10 PM
Rafidain Bank announced on Monday the launch of a number of advances and loans and financial facilities with soft benefits to employees and citizens. The bank said in a statement that the bank decided to launch a variety of advances, loans and financial facilities to employees and citizens with soft benefits without the request of a sponsor
The amounts of the advances are between 10 million and 50 million dinars and include in the past 10 million, 20 million, 30 million, 40 million and 50 million without mentioning any other details the statement said
The amounts of the advances are between 10 million and 50 million dinars and include in the past 10 million, 20 million, 30 million, 40 million and 50 million without mentioning any other details the statement said
Iraq uses US company to process gas extracted
Iraq agreed with US Orion on Monday to process gas extracted from the giant Ben-Ammar oil field.
The memorandum of understanding signed in Baghdad between the representatives of the Ministry of Oil and the American company to build facilities to collect gas from the field in southern Iraq and converted into usable fuel. The field operated by the Basra Oil Company produces more than 40,000 barrels per day of oil and 25 million cubic feet of natural gas.
The memorandum of understanding signed in Baghdad between the representatives of the Ministry of Oil and the American company to build facilities to collect gas from the field in southern Iraq and converted into usable fuel. The field operated by the Basra Oil Company produces more than 40,000 barrels per day of oil and 25 million cubic feet of natural gas.
Iraq continues to burn gas associated with crude oil fields as a result of the lack of facilities to treat it to be converted to fuel for domestic consumption or for export.
Iraqi Oil Minister Jabbar al-Luaibi said at the signing ceremony that the Europeans would collect and treat between 100 and 150 million cubic feet per day of gas.
He said the gas would be used to feed power plants and produce up to 10 million liters of gasoline, equivalent to 32 percent of Iraq's total fuel imports. He added that the ministry aims to stop "incineration operations at the end of the year 2021".
The minister said he plans to visit Kuwait in February to finalize an agreement to export Iraqi gas, adding that the two countries have yet to agree on the sale price.
Iraqi Oil Minister Jabbar al-Luaibi said at the signing ceremony that the Europeans would collect and treat between 100 and 150 million cubic feet per day of gas.
He said the gas would be used to feed power plants and produce up to 10 million liters of gasoline, equivalent to 32 percent of Iraq's total fuel imports. He added that the ministry aims to stop "incineration operations at the end of the year 2021".
The minister said he plans to visit Kuwait in February to finalize an agreement to export Iraqi gas, adding that the two countries have yet to agree on the sale price.
The two countries are considering a pipeline project to transport 50 million cubic feet of gas per day to Kuwait, up to 200 million cubic feet per day over the decade.
The exports will come from the Rumaila field and are used to feed a petrochemical plant and pay the latest war reparations owed by Baghdad for the invasion of Kuwait in 1990 of $ 4.6 billion.
Iraq used Japan's Toyo Engineering Co. to help build the project.
The exports will come from the Rumaila field and are used to feed a petrochemical plant and pay the latest war reparations owed by Baghdad for the invasion of Kuwait in 1990 of $ 4.6 billion.
Iraq used Japan's Toyo Engineering Co. to help build the project.
Kauaihn Iraq Articles: d
International Monetary Fund: Global growth is the largest since 2010
Release Date: 2018/1/23 8:43 • 109 times read
{International: The Euphrates News} The International Monetary Fund said that the future of the global economy seems optimistic.
The IMF sees recent economic growth as a positive boost on a large scale, particularly in Europe and Asia.
US tax reforms are expected to stimulate economic activity, especially in corporate investment.
But the IMF has drastically reduced its forecast for growth in South Africa this year and next.
The new global forecast grew by 3.9 percent this year and next year, an increase of 0.2 percent year on year, faster than in the past two years (3.7 percent in 2017 and 3.2 percent in 2016).
The report noted that there has been a jump in 120 economies, three quarters of global economic activity, over the past year, as well as advanced and emerging economies.
The International Monetary Fund (IMF) described growth as the largest simultaneous global growth since 2010.
The indicators of specialized studies show that industrial activity will remain strong.
Although the economic performance improved to the end of the year was widespread, the report confirmed the achievement of positive growth "marked" in Asia and Europe.
The International Monetary Fund expects tax reforms approved by the United States last year to stimulate the US economy. The report pointed to the impact on the investment sector as a result of corporate tax cuts.
The report also expects the cumulative impact to reach 1.2 percent by 2020.
However, the IMF expects growth to slow over the years as from 2022 because some tax reform rules are temporary.
"The current economic momentum reflects the convergence of a range of factors that are likely not to last for long," said Maurice Obstfeld, chief economist at the International Monetary Fund, during a report at a news conference in Davos.
It was important for Governments to take steps to overcome the obstacles to growth, to make them more inclusive and to make economies more resilient during the next downturn.
The report reduced some expectations for specific countries. Forecasts for South Africa showed the biggest negative change in 2019 by 0.7 percent, reflecting what the IMF described as the result of increased political unrest that casts a shadow over confidence and investment.
Expectations for Britain fell slightly by 0.1 percent in 2019. The report did not say why.
The report expects Britain to grow 1.5 percent this year and next. Britain ranks better than Italy and Japan within the Group of Seven industrialized nations, and ranks behind some other countries in the group.
Britain's exit negotiations with the EU are one of several potential risks affecting the outlook, the report said. For example, long-term international trade agreements are subject to renegotiation.
The IMF says increasing trade barriers and re-regulation, if renegotiated, could have an impact on global investment and reduce efficiency.
"Any failure to achieve overall growth may increase the pressure on" policies that focus on internal growth, "the report warns, which the IMF describes as new trade barriers that it sees as damaging to economic growth.
US tax reforms are expected to stimulate economic activity, especially in corporate investment.
But the IMF has drastically reduced its forecast for growth in South Africa this year and next.
The new global forecast grew by 3.9 percent this year and next year, an increase of 0.2 percent year on year, faster than in the past two years (3.7 percent in 2017 and 3.2 percent in 2016).
The report noted that there has been a jump in 120 economies, three quarters of global economic activity, over the past year, as well as advanced and emerging economies.
The International Monetary Fund (IMF) described growth as the largest simultaneous global growth since 2010.
The indicators of specialized studies show that industrial activity will remain strong.
Although the economic performance improved to the end of the year was widespread, the report confirmed the achievement of positive growth "marked" in Asia and Europe.
The International Monetary Fund expects tax reforms approved by the United States last year to stimulate the US economy. The report pointed to the impact on the investment sector as a result of corporate tax cuts.
The report also expects the cumulative impact to reach 1.2 percent by 2020.
However, the IMF expects growth to slow over the years as from 2022 because some tax reform rules are temporary.
"The current economic momentum reflects the convergence of a range of factors that are likely not to last for long," said Maurice Obstfeld, chief economist at the International Monetary Fund, during a report at a news conference in Davos.
It was important for Governments to take steps to overcome the obstacles to growth, to make them more inclusive and to make economies more resilient during the next downturn.
The report reduced some expectations for specific countries. Forecasts for South Africa showed the biggest negative change in 2019 by 0.7 percent, reflecting what the IMF described as the result of increased political unrest that casts a shadow over confidence and investment.
Expectations for Britain fell slightly by 0.1 percent in 2019. The report did not say why.
The report expects Britain to grow 1.5 percent this year and next. Britain ranks better than Italy and Japan within the Group of Seven industrialized nations, and ranks behind some other countries in the group.
Britain's exit negotiations with the EU are one of several potential risks affecting the outlook, the report said. For example, long-term international trade agreements are subject to renegotiation.
The IMF says increasing trade barriers and re-regulation, if renegotiated, could have an impact on global investment and reduce efficiency.
"Any failure to achieve overall growth may increase the pressure on" policies that focus on internal growth, "the report warns, which the IMF describes as new trade barriers that it sees as damaging to economic growth.
Largest Banking Event Promises Bigger Role to Digital Economy
The Telecoms Ministry has drafted the strategic blueprint of digital economy in collaboration with the ministries of economy and industries, as well as the central bank, which will be submitted to the parliament in a month
The Seventh Conference on Electronic Banking and Payment Systems was opened by Ali Divandari, director of the Monetary and Banking Research Institute—the entity in charge of organizing the major event.A large number of high-level officials, industry players and local and foreign experts are attending the annual event.Divandari focused on the ever-increasing importance of fintechs and the boons they bring for consumers, as they change the traditional ambience of the banks. “This year’s conference is focused on promoting innovation and optimizing efficiency in financial businesses,” he said.
Governor of the Central Bank of Iran Valiollah Seif was up next and mainly spoke of the inevitability of financial technology and blockchain innovation. He called on bank executives and board members to develop a comprehensive understanding of the subject.Communications Minister Mohammad Javad Azari Jahromi was another top-tier figure who warned against the detrimental effects of monopoly in payment systems on market expansion, called for financing fledgling businesses and stressed the administration’s commitment to combating digital and cyber fraud.
“We have drafted the strategic blueprint of digital economy in collaboration with the ministries of economy and industries, as well as the central bank, which will be submitted to the parliament in a month,” he announced.Jahromi vowed to grant digital economy a bigger role in the government’s plans for the fiscal 2018-19 that begins on March 21.Before the officials convened a panel presided by Divandari, two business representatives, namely Mohammad Mehdi Sadeq, chief executive of Bank Melli’s Sadad Informatics Corps, and Milad Jahandar, secretary of Iran’s Fitnech Association, addressed the packed conference hall.
Sadeq outlined the six major challenges facing the Iranian payment industry, but Jahandari, who is also the founder of payment app Bahamta, was more confrontational in terms of what ails the fintechs.“We are not seen and recognized,” he emphasized, and called on the telecoms minister to put a stop to the filtering of online businesses as their whole livelihood is disrupted.Jahromi conceded that online businesses have on occasion found themselves between a rock and a hard place when the judiciary voted to block their activities.
That usually happens when startups are asked to hand in their entire databases for fear of possible criminal wrongdoing by people employing their services, but they naturally decline as their entire competitive advantage rests on that information.Online businesses were also outraged recently when social media channels were blocked and Internet disconnection reigned for close to two weeks after protests broke out in numerous Iranian cities.The minister vowed that the issue will continue to pale in significance, as the administration pursues regulatory changes and constructive dialogue.
Central Bank, Digital Banking and Fintechs
Also addressing the conference, CEO of Informatics Services Corporation Seyyed Aboutaleb Najafi urged banks to pick up pace in offering innovative services to stay relevant.He was followed by Enrico Lucchinetti, leader of European banking practice at Italy’s McKinsey & Company who reviewed progress in Europe’s digital banking and potentials in Iran.
The keynote speaker of this section, however, was Nasser Hakimi, the head of CBI’s Innovative Technologies Department, who outlined the policies of the monetary regulator in financial innovation and technology.He noted that the central bank has envisioned six documents in three phases, which will provide “regulatory frameworks” rather than rigid regulations to make its stance on fintechs and crpytocurrencies transparent.
Two of them dealing with payment initiators and facilitators have already been published and the rest are to be publicly disclosed by the end of next year’s second quarter on Sept. 22 using active feedback from industry players.Hakimi emphasized that the central bank will not directly exert oversight on fintechs and, as part of its novel outsourcing approach, has bestowed banks with the leeway to decide their relationship with fintechs on a variety of levels.
The annual conference, which also featured an exhibition wherein a host of banks and fintechs established small pavilions, had a number of other roundtable discussions on Europay, Mastercard and Visa technology, open banking and conformity to international standards.Banking supervision, confidentiality of information, automation systems, anti-money laundering and combating the financing of terrorism laws and global banking trends were also discussed and scientific research articles were presented.Various workshops were also held on the sidelines of the two-day event.
Governor of the Central Bank of Iran Valiollah Seif was up next and mainly spoke of the inevitability of financial technology and blockchain innovation. He called on bank executives and board members to develop a comprehensive understanding of the subject.Communications Minister Mohammad Javad Azari Jahromi was another top-tier figure who warned against the detrimental effects of monopoly in payment systems on market expansion, called for financing fledgling businesses and stressed the administration’s commitment to combating digital and cyber fraud.
“We have drafted the strategic blueprint of digital economy in collaboration with the ministries of economy and industries, as well as the central bank, which will be submitted to the parliament in a month,” he announced.Jahromi vowed to grant digital economy a bigger role in the government’s plans for the fiscal 2018-19 that begins on March 21.Before the officials convened a panel presided by Divandari, two business representatives, namely Mohammad Mehdi Sadeq, chief executive of Bank Melli’s Sadad Informatics Corps, and Milad Jahandar, secretary of Iran’s Fitnech Association, addressed the packed conference hall.
Sadeq outlined the six major challenges facing the Iranian payment industry, but Jahandari, who is also the founder of payment app Bahamta, was more confrontational in terms of what ails the fintechs.“We are not seen and recognized,” he emphasized, and called on the telecoms minister to put a stop to the filtering of online businesses as their whole livelihood is disrupted.Jahromi conceded that online businesses have on occasion found themselves between a rock and a hard place when the judiciary voted to block their activities.
That usually happens when startups are asked to hand in their entire databases for fear of possible criminal wrongdoing by people employing their services, but they naturally decline as their entire competitive advantage rests on that information.Online businesses were also outraged recently when social media channels were blocked and Internet disconnection reigned for close to two weeks after protests broke out in numerous Iranian cities.The minister vowed that the issue will continue to pale in significance, as the administration pursues regulatory changes and constructive dialogue.
Central Bank, Digital Banking and Fintechs
Also addressing the conference, CEO of Informatics Services Corporation Seyyed Aboutaleb Najafi urged banks to pick up pace in offering innovative services to stay relevant.He was followed by Enrico Lucchinetti, leader of European banking practice at Italy’s McKinsey & Company who reviewed progress in Europe’s digital banking and potentials in Iran.
The keynote speaker of this section, however, was Nasser Hakimi, the head of CBI’s Innovative Technologies Department, who outlined the policies of the monetary regulator in financial innovation and technology.He noted that the central bank has envisioned six documents in three phases, which will provide “regulatory frameworks” rather than rigid regulations to make its stance on fintechs and crpytocurrencies transparent.
Two of them dealing with payment initiators and facilitators have already been published and the rest are to be publicly disclosed by the end of next year’s second quarter on Sept. 22 using active feedback from industry players.Hakimi emphasized that the central bank will not directly exert oversight on fintechs and, as part of its novel outsourcing approach, has bestowed banks with the leeway to decide their relationship with fintechs on a variety of levels.
The annual conference, which also featured an exhibition wherein a host of banks and fintechs established small pavilions, had a number of other roundtable discussions on Europay, Mastercard and Visa technology, open banking and conformity to international standards.Banking supervision, confidentiality of information, automation systems, anti-money laundering and combating the financing of terrorism laws and global banking trends were also discussed and scientific research articles were presented.Various workshops were also held on the sidelines of the two-day event.
IMF Urges Int’l Cooperation on Cryptocurrency Regulation
https://financialtribune.com/
Tuesday, January 23, 2018
T he International Monetary Fund is calling on regulators around the world to coordinate on policies for cryptocurrencies after warning of ‘risks’ from the soaring prices of digital assets.
The IMF, the United Nations’ organization for global monetary cooperation, financial stability and economic growth, is pushing a “greater international discussion and cooperation among regulators” globally to form policies on cryptocurrencies, CCN.com reported.
Speaking on behalf of the IMF, spokesman Gerry Rice weighed in on the benefits of cryptocurrencies in their use as payments as well as their abuse in money laundering, fraud and terrorist financing. Speaking to reporters in Washington, Rice added in quotes reported by Bloomberg:
“When asset prices go up quickly, risks can accumulate, particularly if market participants are borrowing money to buy. It’s important for people to be aware of the risks and take the necessary risk-management measures.”
Rice did not delve into specifics of the kind of collaboration or policies that the IMF is pushing for. The organization, which was established near the end of the Second World War to reconstruct the international monetary and payments system, now functions as a fund that bails out countries embroiled in economic crises.
As a traditional financial heavyweight that continues to wield influence, the IMF has been known to taking a nuanced approach when discussing cryptocurrencies, particularly in their utility as an instrument for financial inclusion in developing or under-developed countries.
Nearly a year ago to the day, IMF managing director Christine Lagarde presented a report titled “Virtual Currencies and Beyond: Initial Considerations” at the World Economic Forum. With broad insights and research into cryptocurrencies like bitcoin, ‘virtual currencies and their underlying technologies can provide faster and cheaper financial services and can become a powerful tool for deepening financial inclusion in the developing world,’ read an excerpt from the report read by Lagarde.
More recently in September 2017, Lagarde warned banks of “massive disruptions” brought on by cryptocurrencies and financial technologies.
She stated: “The ways in which new technologies are lowering the cost to make financial transactions more accessible, even in very small numbers…I think it’s already massively disruptive.”
The IMF’s call for global cooperation on regulation of cryptocurrencies comes at a time when US Treasury Secretary Steven Mnuchin confirmed last week the existence of several internal working groups looking into the usage of cryptocurrencies like bitcoin to track their abuse in illicit actives.
Tuesday, January 23, 2018
T he International Monetary Fund is calling on regulators around the world to coordinate on policies for cryptocurrencies after warning of ‘risks’ from the soaring prices of digital assets.
The IMF, the United Nations’ organization for global monetary cooperation, financial stability and economic growth, is pushing a “greater international discussion and cooperation among regulators” globally to form policies on cryptocurrencies, CCN.com reported.
Speaking on behalf of the IMF, spokesman Gerry Rice weighed in on the benefits of cryptocurrencies in their use as payments as well as their abuse in money laundering, fraud and terrorist financing. Speaking to reporters in Washington, Rice added in quotes reported by Bloomberg:
“When asset prices go up quickly, risks can accumulate, particularly if market participants are borrowing money to buy. It’s important for people to be aware of the risks and take the necessary risk-management measures.”
Rice did not delve into specifics of the kind of collaboration or policies that the IMF is pushing for. The organization, which was established near the end of the Second World War to reconstruct the international monetary and payments system, now functions as a fund that bails out countries embroiled in economic crises.
As a traditional financial heavyweight that continues to wield influence, the IMF has been known to taking a nuanced approach when discussing cryptocurrencies, particularly in their utility as an instrument for financial inclusion in developing or under-developed countries.
Nearly a year ago to the day, IMF managing director Christine Lagarde presented a report titled “Virtual Currencies and Beyond: Initial Considerations” at the World Economic Forum. With broad insights and research into cryptocurrencies like bitcoin, ‘virtual currencies and their underlying technologies can provide faster and cheaper financial services and can become a powerful tool for deepening financial inclusion in the developing world,’ read an excerpt from the report read by Lagarde.
More recently in September 2017, Lagarde warned banks of “massive disruptions” brought on by cryptocurrencies and financial technologies.
She stated: “The ways in which new technologies are lowering the cost to make financial transactions more accessible, even in very small numbers…I think it’s already massively disruptive.”
The IMF’s call for global cooperation on regulation of cryptocurrencies comes at a time when US Treasury Secretary Steven Mnuchin confirmed last week the existence of several internal working groups looking into the usage of cryptocurrencies like bitcoin to track their abuse in illicit actives.
Zain Iraq Islamic Bank is looking to obtain the ISO International Certificate
(Independent) .. The assistant director of the director of Zain Islamic Bank of Iraq Raghd Nabil Alusi that the bank is keen to provide the best services accurately and high quality and implementation of the instructions of the Central Bank of Iraq.
Al-Alusi started preparing and preparing for ISO 9001: 2015 through contracting with IQDC Consulting. The first ISO course was organized on December 6, 2017.
She pointed out that work is under way to prepare future courses for new systems, the most important of which are the ISO 14001: 2015 environment management system, the OHSAS 18001: 2007 occupational safety and health management system, the ISO 22000: 2005 food safety, HACCP and the ISO / TS 29001: 2010, ISO 17025: 2005 Quality Assurance and Testing Laboratories ISO 27001: 2005.
She pointed to the interaction of the employees participating in the session in an effective and very enthusiastic as a distinctive step that drives the bank to be at the forefront of Iraqi banks that apply this global system and work.
UN delegation briefed on preparations for elections in Iraq
The UN Under-Secretary-General for Political Affairs Miroslav Nisha discussed with the Commission of Commissioners of the Electoral Commission, the latest preparations by the Office of the Electoral Commission for the upcoming elections.
"Nisha listened in the presence of the representative of the UN Secretary-General in Iraq Jan KubiÄ and his delegation during his meeting at the headquarters of the Commission and the members of the Board of Commissioners in the Electoral Commission to the latest preparations by the Commission to conduct the next electoral entitlements and see the table The challenges it faces and how the United Nations can contribute to these challenges and ways to overcome difficulties. "
For his part, the United Nations delegation expressed its full support to the Electoral Commission through the experiences they contribute as well as contribute to providing a safe environment for the elections, stressing the need to hold them on time and according to the constitutional entitlement of the electoral process.
He called on the UN delegation to support the Independent High Electoral Commission and facilitate its mission and provide the requirements for its success, while praising the Electoral Commission for the use of modern technology in the upcoming elections, especially the electronic ballot box and accelerate the announcement of the results that will contribute effectively to send messages of reassurance to political parties and voters for the integrity and transparency of the elections. d
Iraq receives invitation to attend Sochi conference on Syria
Russian Ambassador to Baghdad Maxim Maximov sent Foreign Minister Ibrahim al-Jaafari an invitation to Iraq to attend the Syrian National Dialogue Conference in Sochi at the end of this month.
The Russian ambassador carried an invitation to Iraq from Russian Foreign Minister Sergei Lavrov to participate in the upcoming Syrian dialogue meeting in the Russian city of Sochi," the foreign ministry said in a statement.
The Syrian National Dialogue Conference is scheduled to take place in the Russian city of Sochi on January 29-30, in the presence of representatives of the Syrian government and various opposition factions.
Russia formally invites Iraq to a Syrian conference
The Russian ambassador in Baghdad Maxim Maximov, to Iraqi Foreign Minister Ibrahim al-Jaafari, invited Iraq to attend the Syrian national dialogue conference in Sochi at the end of this month.
A statement by the Iraqi Foreign Ministry said that the Russian ambassador invited Iraq's Foreign Minister Sergei Lavrov to participate in the upcoming Syrian dialogue meeting in the Russian city of Sochi.
The Syrian National Dialogue Conference is scheduled to take place in the Russian city of Sochi on January 29-30, in the presence of representatives of the Syrian government and various opposition factions.
A statement by the Iraqi Foreign Ministry said that the Russian ambassador invited Iraq's Foreign Minister Sergei Lavrov to participate in the upcoming Syrian dialogue meeting in the Russian city of Sochi.
The Syrian National Dialogue Conference is scheduled to take place in the Russian city of Sochi on January 29-30, in the presence of representatives of the Syrian government and various opposition factions.
Jordan is considering establishing a new border center with Iraq
The Jordanian government is considering the establishment of a new border post with Iraq as an alternative to the Karama Center in Mafraq governorate in the northeast of the country.
"The Ministry of Public Works and Housing has prepared a full study on the new border center, which is expected to cost about 35 million dollars," the Jordanian government daily Al Rai said Monday.
The ministry is studying ways to finance the new project, which she said is "vital to the economy of the two countries."
Iraq is linked to Jordan through the border port of Trebil, which is the economic and commercial artery between the two countries.
Kauaihn Economic Times:
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Just what is Davos? Here's a rough guide to the World Economic Forum
Everything you ever wanted to know about the World Economic Forum (WEF) in Davos, Switzerland.
Our fixation with growth is hindering the battle against inequality, WEF warns
The World Economic Forum (WEF) warned Monday that global leaders are too reliant on gross domestic product (GDP) as a measure to track success.
WEF president to Trump: 'You only succeed if others do too'
The president of the World Economic Forum (WEF) has urged Donald Trump to collaborate with other countries, just days ahead of an expected appearance by the U.S. president at the economic conference in Davos, Switzerland.
IMF: Global economic outlook is brightBBC News US
The IMF's economic forecast says prospects for the global economy have picked up, especially for Europe and Asia. Read the full story
Gold Prices Pare Losses, Hold Steady With U.S. Politics in FocusInvesting.com
Deutsche Bank denies Manager Magazin report on KushnerReuters
DEUTSCHE BANK: Correlation between bitcoin and Wall Street's 'Fear Index' is increasing 'dramatically'Business Insider UK
The government is still shut down and CHIP is still unfundedVox
Bitcoin could fall off cliff, drop 90%, one Wall Street strategist warnsMarketWatch
Dollar holds steady as investors wait for shutdown developmentsMarketWatch
Forex - Aussie Slips Lower, Kiwi Holds Steady in Late TradeInvesting.com
Rupee-dollar parity stableDawn
USA/CANADA
IMF says tax overhaul will help boost US and global growth … for now
The International Monetary Fund (IMF) has revised global growth forecasts for 2018 and 2019 upwards.
Senate to vote Monday on plan to reopen governmentPOLITICO
India Ranks Below China, Pakistan On This World Economic Forum IndexNDTV
OPEC output cut meant to stabilise reserves not prices – MinisterMubasher
CNN
US Crude Oil Prices Up In Asia On Saudi Remarks, US Shutdown Eyed On Data
Investing.com
© Reuters. US crude up in Asia Read the full story
South Africa: Cape Town Water Crisis - Provincial Premier to Meet National Disaster TeamAllAfrica
South Africa: How Severe Is the Drought? a Detailed Look At the DataAllAfrica
Africa: U.S., Led By an Erratic Trump, Seeks to Undermine UNAllAfrica
Zimbabwe: Engagement Might Pay Off for MnangagwaAllAfrica
Here are six of China’s ambitious, mind-boggling, renewable energy projects
China boasts renewable energy projects that are grand in both ambition and scale. Here's six.
US suffers record drop in public trust as faith in China surges, survey says
Public faith in the U.S. government has hemorrhaged.
U.S government shutdown makes China super happyVICE
China And The Global Race For KnowledgeInvestor's Business Daily
France would've voted to leave EU too if in UK's situation, French leader Macron says
Macron said that in a similar context, if the French people were asked to vote on EU membership, then they would probably have chosen to leave the bloc.
EU imposes sanctions on 7 senior Venezuelan officialsABC News
GLOBAL/NEWS/INFO
Just what is Davos? Here's a rough guide to the World Economic Forum
Everything you ever wanted to know about the World Economic Forum (WEF) in Davos, Switzerland.
The World Economic Forum (WEF) warned Monday that global leaders are too reliant on gross domestic product (GDP) as a measure to track success.
The president of the World Economic Forum (WEF) has urged Donald Trump to collaborate with other countries, just days ahead of an expected appearance by the U.S. president at the economic conference in Davos, Switzerland.
Read more: https://www.cnbc.com/2018/01/
The IMF's economic forecast says prospects for the global economy have picked up, especially for Europe and Asia. Read the full story
OIL/COMMODITIES/ENERGY
Gold Prices Pare Losses, Hold Steady With U.S. Politics in FocusInvesting.com
© Reuters. Gold prices little changed as traders focus on U.S. developments Read the full story
Gold churns lower as markets await next move from stalled CongressMarketWatch
Gold slipped Monday despite little movement in the dollar and weakness for stocks as investors reassessed the next move for the haven metal after volatile trading in recent sessions. Read the full story
Gold Edges Lower to Start the Week; U.S. Government Shutdown in FocusInvesting.com
© Reuters. Gold pricehe week edge lower to start tRead the full story
Oil Starts the Week Higher After Bullish Saudi Comments on Supply DealInvesting.com
Oil prices to seesaw in 2018 on various factorsMubasher
Mubasher: Oil prices were improving during the last period, hitting $70 per barrel, which is their highest level in three years. Read the full story
© Reuters. Oil prices edge higher to start the week Read the full story
Mubasher: Oil prices were improving during the last period, hitting $70 per barrel, which is their highest level in three years. Read the full story
BANKS/BANKING/CREDIT
Deutsche Bank denies Manager Magazin report on KushnerReuters
Deutsche Bank on Monday denied a magazine report that said that the bank had reported to German banking supervisors suspicious funds associated with Jared Kushner, U.S. President Donald Trump's son-in-law and advisor. Read the full story
Cryptocurrencies are increasingly correlated with the CBOE Volatility Index, better known as Wall Street's "Fear Index." That's according to a note from global financial strategist Masao Muraki and his team at Deutsche Bank. The correlation relates to the fact that a low volatility environment encourages investors to move into riskier assets, like cryptocurrencies, to achieve decent returns on their investments. LONDON – There's a growing relationship between the price of bitcoin and the VIX, Read the full story
The World Bank is no longer supporting the oil and gas industriesBusiness Insider UK
Bank of America has found the formula for a market meltdown — and we're dangerously closeBusiness Insider UK
REUTERS/ Mick Tsikas Bank of America Merrill Lynch has identified a series of thresholds that need to be breached in order for the market to see a correction. The indicators in question include GDP, wage inflation, 10-year Treasury yields, and the S&P 500 equity index. BAML has repeatedly warned against investor overexuberance. Meanwhile, investors have poured a record $58 billion into stocks over the past four weeks. The scorching-hot stock market is fresh off yet another week of new record Read the full story
How Corruption and Cronyism in Banking Fueled Iran’s ProtestsThe New York Times
The World Bank is starting to phase out its support for the oil and gas industries. The move is part of efforts to address climate change and reinforce the Paris Climate agreement. It also suggests that the Bank intends to play a leading role in the battle against climate change as the US turns its back on global environmental leadership. The World Bank, which provides developing countries about US$60 billion a year in financial assistance, is officially phasing out its support for the oil and Read the full story
REUTERS/ Mick Tsikas Bank of America Merrill Lynch has identified a series of thresholds that need to be breached in order for the market to see a correction. The indicators in question include GDP, wage inflation, 10-year Treasury yields, and the S&P 500 equity index. BAML has repeatedly warned against investor overexuberance. Meanwhile, investors have poured a record $58 billion into stocks over the past four weeks. The scorching-hot stock market is fresh off yet another week of new record Read the full story
Thousands lost their savings in the collapse of shady banks, part of a broader economic system plagued by insider dealing, mismanagement and inefficiency. Read the full story
Chinese bank fined over multibillion-dollar bad-debt cover-upSouth China Morning Post
Shanghai Pudong Development Bank’s internal controls failed to flag a major fraud at it Chengdu branch, banking regulator says Read the full story
Shanghai Pudong Development Bank’s internal controls failed to flag a major fraud at it Chengdu branch, banking regulator says Read the full story
TREASURIES/BONDS/STOCKS
Wall Street only under mild pressure as government shutdown enters Day 3
U.S. stock futures were modestly lower this morning ahead of a vote on Capitol Hill that could end the government shutdown.
Stocks - European Markets Little Changed Amid German DevelopmentsInvesting.com
Wall Street only under mild pressure as government shutdown enters Day 3
U.S. stock futures were modestly lower this morning ahead of a vote on Capitol Hill that could end the government shutdown.
© Reuters. Frankfurt Stock Exchange Read the full story
Top 5 Things to Know in the Market on MondayInvesting.com
After the Next CrashMarkets & Money
Asian stocks record slight declines; investors focus on political developmentsCNBC
© Reuters. Top 5 things to know today in financial markets Read the full story
So when the next battle starts, the poor grunts out on the investment ground — with support neither from the Fed nor from Congress — could find it hard going. The first attack is likely to be repulsed by buy-the-dippers. But the next charge is bound to get palms sweating and knees rattling. Investors will soon realise that they have no covering artillery fire. They will panic. The post After the Next Crash appeared first on Markets and Money. Read the full story
Asian markets traded lower on Monday as investors kept an eye on political developments in the U.S. after a government shutdown began last week. Read the full story
Global stocks, dollar sag after U.S. government shutdownReuters
U.S. stock futures, Asian equities and the dollar pulled back slightly on Monday after the U.S. government was forced to shut down amid a dispute between President Donald Trump and Democrats over immigration. Read the full story
Wall Street week ahead: Where Netflix goes, Big Tech may followFox Business
A look at the upcoming week on Wall Street. Read the full story
A look at the upcoming week on Wall Street. Read the full story
INSURANCE/HEALTH
The government is still shut down and CHIP is still unfundedVox
A six-year reauthorization is still waiting for Congress. Read the full story
Walker, in turnabout, moves to stabilize insurance marketABC News
In a tack to the left in an election year, Wisconsin Republican Gov. Scott Walker wants a state law to guarantee people with pre-existing conditions don't lose health insurance Read the full story
California may buck Congress with its own health insurance requirementThe Mercury News
State lawmakers say they will present a package of health-related proposals in the coming weeks, before a Feb. 16 deadline for new bill introductions. Details are still developing, but officials and health care advocates say discussions focus on ways to maintain the exchange’s high enrollment and help still more Californians obtain insurance. Read the full story
An Action Plan for Averting the Next Flu PandemicThe Wall Street Journal
This year’s flu outbreak is unusually bad, but it could be much worse. It’s time to accelerate a range of public-health measures, including work on a universal vaccine. Read the full story
7 Old Wives Tales About Curing A Cold That Aren't TrueBustle
If you've caught the common cold this year, you might put a callout on social media for remedies to help alleviate your misery. And, literally everyone and their grandmother has advice for how to feel better fast, but some of these ways to cure a col… Read the full story
If you've caught the common cold this year, you might put a callout on social media for remedies to help alleviate your misery. And, literally everyone and their grandmother has advice for how to feel better fast, but some of these ways to cure a col… Read the full story
CRYPTO'S / DIGITAL CURRENCY
Bitcoin could fall off cliff, drop 90%, one Wall Street strategist warnsMarketWatch
Peter Boockvar, chief investment officer at wealth manager Bleakley Financial Group, told CNBC’s “Futures Now” in a Thursday interview that bitcoin is showing signs of a classic bubble. Read the full story
Should you invest in cryptocurrency?BBC Focus Magazine
Bitcoin could change the world, even if it crashesCBS News
They’re everywhere from glossy magazines to scuzzy emails, and are accepted by multinationals and assassins. To some, they are the future of money; to others, they are a disaster waiting to happen. Either way, there’s no denying the current buzz over cryptocurrencies. From Bitcoin, Litecoin and Ethereum to newcomers like Zcash and Ubiq, there are over 1,000 different varieties to choose from. But should you plunge in or stay well clear? It’s a question that’s been asked ever since January 2009, Read the full story
The best thing about cryptocurrencies may be the blockchain technology they are built on Read the full story
Bitcoin tanks more than 10% to start week, now back below $11,000CNBC
Bitcoin and other major digital currencies dropped sharply Monday morning. Read the full story
Bitcoin and other major digital currencies dropped sharply Monday morning. Read the full story
CURRENCIES
Dollar holds steady as investors wait for shutdown developmentsMarketWatch
The U.S. dollar traded steady on Monday, as investors waited on further developments over a U.S. government shutdown. Read the full story
Forex - Dollar Remains Broadly Lower on U.S. PoliticsInvesting.com
Australian dollar declines - Inside RetailInside Retail
Dollar still on the downside amid government shutdown Read the full story
Forex - Dollar Slips Lower after U.S. Government ShutdownInvesting.com
At A Three-Year High, Euro Faces ECB ScrutinyNDTV
© Reuters. Dollar slips lower after U.S. government shutdown Read the full story
Euro is now some 4 per cent higher against the US dollar than when ECB policymakers met in December. Read the full story
Aussie dollar is lower against a pressured US counterpart. Read the full story
Forex - Aussie Slips Lower, Kiwi Holds Steady in Late TradeInvesting.com
© Reuters. Aussie loses some ground, while kiwi holds vs. fragile greenback Read the full story
NZ dollar hold below 73 US cts | Scoop NewsScoop
Jan. 22 (BusinessDesk) - The New Zealand dollar held below 73 US cents at the local open as investors largely shrugged off Washington legislators' inability to reach a deal and avoid a shutdown of Federal government services. Read the full story
Rupee-dollar parity stableDawn
The currency market remained stable, despite falling forex reserves because of rising external debt repayment last week. Dollar demand remained almost flat while the parity showed minor changes, moving both ways in tight band. Last week, the rupee showed a steady trend after a modest dip against the dollar in the week’s opening session on the interbank market. Extending previous weekend weakness, the parity traded in a very narrow range with the dollar changing hands at Rs110.55 and Rs110.56 Read the full story
Rupee opens marginally weaker against US dollarLivemint
Mumbai: The Indian rupee on Monday weakened marginally against the US dollar, tracking losses in its Asian peers. Read the full story
Mumbai: The Indian rupee on Monday weakened marginally against the US dollar, tracking losses in its Asian peers. Read the full story
IMF says tax overhaul will help boost US and global growth … for now
The International Monetary Fund (IMF) has revised global growth forecasts for 2018 and 2019 upwards.
Read more: https://www.cnbc.com/2018/01/
But Democratic leader Chuck Schumer says there is no deal yet. Read the full story
Chamber of Commerce heads from U.S., Mexico, Canada to meet in support of NAFTA renewalCBC News
FBI says House Intel chief hasn't shared memo alleging surveillance abusesThe Hill
The head of the House Intelligence Committee hasn't shared with the FBI a classified memo allegedly detailing political bias around the federal probe into possible ties between the Trump campaign and Russia, despite reque Read the full story
Leaders of the Calgary and Edmonton metropolitan Chambers of Commerce are among those set to gather in Montreal on Monday to send a strong message that they are collectively united in favour of the North American Free Trade Agreement. Read the full story
The head of the House Intelligence Committee hasn't shared with the FBI a classified memo allegedly detailing political bias around the federal probe into possible ties between the Trump campaign and Russia, despite reque Read the full story
EMERGING MARKETS
India Ranks Below China, Pakistan On This World Economic Forum IndexNDTV
Norway remains the world's most inclusive advanced economy, while Lithuania again tops the list of emerging economies, the World Economic Forum said. Read the full story
India, China aren’t the most attractive emerging markets for 2018Livemint
Bangkok/Singapore/Hong Kong: By some measures, Mexico and Turkey come out as the most attractive emerging markets for 2018. Read the full story
Ideas To Enhance Potential Returns In Global Bull Market RallyInvestor's Business Daily
How Trump can crush the emerging markets stock rally in 2018CNBC
CLS Investments' Rusty Vanneman offers ETF picks for investors with a globally balanced portfolio to enhance potential returns. Read the full story
Now market experts are worrying about moves by President Donald Trump in 2018 that could upend the bull run in emerging markets. Read the full story
Verizon’s Go Unlimited plan will soon work in Mexico and CanadaThe Verge
3 reasons why investors aren't buying into Venezuela's effort to float its own cryptocurrencyCNBC
Advent in talks to buy 50 percent of Wal-Mart's Brazilian unit: reportBusiness Insider
Their downlines became lifelinesDeseret News
Four months later, military vets still on a mission in Puerto RicoNBC News
Months after Hurricane Maria slammed into Puerto Rico, military veterans are still working to help those in need on the island. Read the full story
No need to get a separate plan for that quick trip Read the full story
Venezuela — rife with double-digit inflation, civil strife and signs of imminent economic collapse everywhere — has seen the future, and it's in cryptocurrency. Read the full story
FILE PHOTO - A man talks on his mobile phone in front of a Wal-Mart store in Sao Paulo Thomson Reuters SAO PAULO (Reuters) - Private equity firm Advent is in talks to buy 50 percent of Wal-Mart Stores Inc's operations in Brazil, according to a report in Brazil's O Globo newspaper on Sunday. Wal-Mart operates in 18 Brazilian states with 471 stores, according to the company's local website. The company's Brazilian unit reported revenues of almost 30 billion reais ($9.39 billion) in 2016. Efforts Read the full story
SALT LAKE CITY — When the eye of Hurricane Maria passed over the small town of Corozal, Puerto Rico, last September, ushering in a Category 5 storm with 175 mile per hour winds that swamped and devastated the entire island, the phones immediately started ringing in a Utah company in Sandy called 4Life. The calls didn't come from Puerto Rico, of course, where the power lines were down (and some of them still are). They came from everywhere else. From Asia and Europe and South and Central America. Read the full story
Months after Hurricane Maria slammed into Puerto Rico, military veterans are still working to help those in need on the island. Read the full story
MIDDLE EAST
OPEC output cut meant to stabilise reserves not prices – MinisterMubasher
Mubasher: The decision taken by the Organization of Petroleum Exporting Countries (OPEC) to trim production is meant to stabilise oil reserves not prices, Oman’s oil and gas minister Mohammed bin Hamad Al-Rumhy has said. The minister further noted … Read the full story
Holy land Christians snub VP Mike Pence
Vice President Mike Pence is expected to receive a less-than-warm welcome from Christian leaders during his trip to the Middle East. CNN's Ian Lee explains. Read the full story
Pence Says U.S. Embassy Will Open in Jerusalem Next YearThe New York Times
Egypt to switch to cash subsidies instead of breadAl-Monitor
Erbil and Baghdad work together to end Kurdish flight banThe New Arab
Dubai's Emaar unveils new island developmentGulf Business
Oil producers meet in Oman for critical production meeting
The New Arab
The vice president promised the quicker-than-expected move during a visit to Israel’s Parliament. Read the full story
The Egyptian Ministry of Supply’s plan to shift from in-kind bread subsidies to cash subsidies triggered controversy amid fears of an increase in the rate of inflation. Read the full story
Erbil and Baghdad work together to end Kurdish flight ban Read the full story
Emaar Beachfront is part of the Dubai Harbour project The post Dubai’s Emaar unveils new island development appeared first on Gulf Business. Read the full story
The New Arab
Oil producers meet in Oman for critical production meeting Read the full story
Investing.com
© Reuters. US crude up in Asia Read the full story
AFRICA
South Africa: Cape Town Water Crisis - Provincial Premier to Meet National Disaster TeamAllAfrica
(Photo: Eric Miller/WEF) Western Cape Premier Helen Zille will meet with the National Disaster Management team and other authorities on Monday to discuss the impending water crisis. The meeting is aimed at focusing on preparations for "Day Zero" when the Western Cape runs out of water. The province is experiencing its worst drought in more than 100 years. Role-players to attend the meeting include police, the South African Defence Force (SANDF) and the State Security Agency. Zille will also meet Read the full story
Facts are few, opinions plenty, on the cause of the water crisis Editor's summary Piotr Wolski, a water scientist at UCT, has used the latest rainfall and best available weather station data to compare the current drought to past ones. The data shows that the drought over the water catchment area is the worst on record over one- and three-year periods. Rainfall in 2017 was especially poor. This kind of drought is expected once in 300 years (90% confidence interval: 105 to 1,280 years). The Read the full story
Tanzania: Tourism Injects 4.8 Trillion/ - Into the EconomyAllAfrica
EXTRA budgetary allocations for tourist sector promotion initiatives and consolidation of diplomatic relations are among of factors that have contributed to the increased flow of tourists to Tanzania, leading to the rise of foreign exchange earnings to USD 2,156.9m (approximately 4.8tri/-) in the year ending November, 2017. According to the latest Bank of Tanzania (BoT)'s Monthly Economic Review, in the corresponding year, November 2016, foreign exchange earnings were USD 2101.2m (approximately Read the full story
Southern Africa: U.S.$8 Billion Investment Set to Return Mozambique to GrowthAllAfrica
Nigeria: Central Bank Holds Rates, Considers Emergency MPC Meeting in FebruaryAllAfrica
Windhoek An approximately USD 8 billion investment in Mozambique's Coral Floating Liquefied Natural Gas (FLNG) development marks Mozambique's first step as a regional and global offshore natural gas producer and supplier. The landmark energy deal is the first of its kind in the country and is widely expected to transform Mozambique's growth prospects. "This game-changing transaction initiates a cycle of energy investment set to return Mozambique to growth while heralding the country's arrival as Read the full story
abuja and Lagos In the absence of a meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), the Bank announced yesterday that it shall continue to retain the key monetary policy variables as decided by the MPC at its last meeting in November. The two-day MPC meeting which was slated to commence today will not hold due to the inability of the committee to form a quorum. However, in order to meet with the statutory number of meetings required from the committee in a Read the full story
United Nations The continued erratic and outrageous comments by President Donald Trump - and his attempts to undermine the United Nations - are threatening to cause irreparable damage to the world body. The signs are ominous: the US withdrawal from the UN Educational, Scientific and Cultural Organization (UNESCO); the threats against member states voting for anti-Israeli resolutions; slashing funds to a 69-year-old UN agency for Palestinian refugees; withdrawal from the 2016 Paris climate change Read the full story
MOST opposition parties in Zimbabwe appear to be torn by divisions raising fears that they may not perform well in the forthcoming general elections. With less than five months left before the elections, as alluded to by presidential spokesperson George Charamba last week, no strong opposition candidate has emerged from the opposition as MDC-T leader Morgan Tsvangirai continues to battle ill health. On the other hand, Zanu PF presidential candidate, President Emmerson Mnangagwa, who has for long Read the full story
Zimbabwe: Mnangagwa Faces Internal Party Rebellion Over Early ElectionAllAfrica
President Emmerson Mnangagwa faces internal revolt over early elections after it emerged his calls for polls to go ahead as early as August could be resisted by his own Zanu PF MPs. Reports reaching The Standard last week said many Zanu PF legislators wanted elections postponed by at least three years. The MPs were allegedly now mulling engaging Parliament to make amendments to the Constitution to postpone the plebiscite due in five months. Zanu PF legislators are said to be afraid of losing Read the full story
South Africa: Businessman to Chair EskomAllAfrica
(Photo: Eskom) Telkom Chairperson Jabu Mabuza will chair Eskom's board as part of a host of measures announced on Saturday by government, to "stabilise management" at the power utility. Government has also recommended that former Land Bank CEO and Absa Capital executive Phakamani Hadebe be appointed as Eskom's acting group CEO, with immediate effect. The board has been directed to appoint a permanent CEO and CFO within the next three months. Government also wants all Eskom executives who are Read the full story
(Photo: Eskom) Telkom Chairperson Jabu Mabuza will chair Eskom's board as part of a host of measures announced on Saturday by government, to "stabilise management" at the power utility. Government has also recommended that former Land Bank CEO and Absa Capital executive Phakamani Hadebe be appointed as Eskom's acting group CEO, with immediate effect. The board has been directed to appoint a permanent CEO and CFO within the next three months. Government also wants all Eskom executives who are Read the full story
ASIA
Here are six of China’s ambitious, mind-boggling, renewable energy projects
China boasts renewable energy projects that are grand in both ambition and scale. Here's six.
Public faith in the U.S. government has hemorrhaged.
U.S government shutdown makes China super happyVICE
It's a "slap in the face" for Donald Trump. Read the full story
The National Science Foundation and the National Science Board have just released their biennial "Science & Engineering Indicators," a voluminous document describing the state of American technology. There are facts and figures on research and development, innovation and engineers. But the report's main conclusion lies elsewhere: China has become — or is on the verge... Read the full story
Asian Shares Mixed As Market Awaits US Response To Government ShutdownInvesting.com
Stock Markets Jan 22, 2018 04:18 GMT Investing.com - Asian markets were mixed on Monday as the markets took in stride a US government shutdown at the weekend that could end as early as Monday as the Senate moved to schedule a vote at noon to fund the government for three weeks and for time to pass complex legislation on immigration. In Japan. the Nikkei 225 fell 0.14%. Automakers were mixed: Toyota declined 0.53% while Mitsubishi Motors tacked on 1.62%. In Australia, the S&P/ASX 200 edged up Read the full story
Stock Markets Jan 22, 2018 04:18 GMT Investing.com - Asian markets were mixed on Monday as the markets took in stride a US government shutdown at the weekend that could end as early as Monday as the Senate moved to schedule a vote at noon to fund the government for three weeks and for time to pass complex legislation on immigration. In Japan. the Nikkei 225 fell 0.14%. Automakers were mixed: Toyota declined 0.53% while Mitsubishi Motors tacked on 1.62%. In Australia, the S&P/ASX 200 edged up Read the full story
EUROPE
France would've voted to leave EU too if in UK's situation, French leader Macron says
Macron said that in a similar context, if the French people were asked to vote on EU membership, then they would probably have chosen to leave the bloc.
The European Union has imposed sanctions on seven senior Venezuelan officials accused of human rights abuses or breaching the rule of law in the country Read the full story
We are being deceived by ministers about the Brexit negotiations – my trip to the European Council in Brussels proved itThe Independent
Last week I visited the European Commission and the European Council in Brussels. I’ve also been meeting ambassadors from the 27 other member states of the European Union (the “EU27”) and have discussed Brexit with a number of senior British civil servants. These discussions lead me to one conclusion: Conservative ministers are deliberately deceiving the British people on the Brexit negotiations. Read the full story
UNITED STATES OF EUROPE: Merkel and Macron reveal federalist plot for EVEN CLOSER tiesExpress
GERMAN Chancellor Angela Merkel and French president Emmanuel Macron have today vowed to push for closer EU integration and make the bloc "even stronger". In a video message released today, the allies promised to help make the European Union more "sovereign, united and democratic". The bloc's two most powerful leaders also talked up the prospect of agreeing major reforms to the crisis-hit eurozone. Read the full story
Europe is breathing a sigh of relief over GermanyCNN
There was an almost audible sigh of relief from Europe's capitals on Sunday night when the German Social Democrats (SPD) voted for formal negotiations with Angela Merkel's Christian Democratic Union and Bavarian sister party the Christian Social Union. Failure to endorse the proposed plan for government would have thrown Europe into another existential crisis it could ill afford. Read the full story
Two thirds of people believe Brexit going badly ahead of next round of talks, poll showsThe Independent
Theresa May still has a long way to go before convincing people she is making a success of Brexit, with a new poll indicating almost two-thirds of the public believe talks are going badly. Read the full story
Macron Offer on Brexit Deal Highlights May's Difficult ChoicesBloomberg
Britain looks to forge closer ties to Hong Kong amid EU exit with biggest innovation festivalSouth China Morning Post
UK growth upgrade could 'dwarf' Brexit hitBBC News
Ex-Treasury minister Lord O'Neill says global growth is boosting the UK economy more than expected. Read the full story
French President Emmanuel Macron offered U.K. Prime Minister Theresa May the possibility of a Brexit deal that covered financial services, even as he set out options that make clear how difficult it will be for her to satisfy both business and her Conservative Party. In a BBC interview on Sunday, Macron said that May’s stated positions made “full access” to the European Union’s single market impossible. He said what was on offer was “something perhaps between this full access and a trade Read the full story
Consul general in city Andrew Heyn touts ‘remarkably similar’ aims of two economies concerning innovation, technology, research and development Read the full story
Ex-Treasury minister Lord O'Neill says global growth is boosting the UK economy more than expected. Read the full story
dd
Blessed and Highly Favored:
CBI Update:
The CBI for Tuesday 1/23/18 did update on the indicative rates Sell Rate 1184
The currency auction is 172,710,956
There are no news and announcements for Tuesday 1/23/18
ISX Update:
Change %
up 0.69%
Value Traded
8,063,066,232
Shares Traded
3,704,790,880
ISX ended in Green
Kauaihn Chatter:
d
1-23-2018 Intel Provider RayRen98 The most exciting news over the weekend was banking people seeing the lower denoms at their facility, although they have yet to be released. Just that they are there, ready… Also, the US banks were on high alert regarding forthcoming activity. We heard that the tier 1 banks were supposed to receive rates on Friday, so we really thought that those rates might be live. We’re still waiting for some of that information to come in. We also had some reports that banks could see rates on the front (retail) screens as well as the back screens, although they were not live yet.
1-22-2018 Intel Guru Frank26 [With these articles and change of pictures on CBI, I just feel something is going on…there's a lot talk of CBI and currency…are they ready to say something...no more confusions...] ...WE TOLD YOU SO WE TOLD YOU SO! AFTER NOTHING FROM CBI FOR SO LONG AND NOW...LOTS AND LOTS OF ALAK AND THE CBI... WAIT"...WE SAID...WAIT! GAVE YOU KEY WORD...AS WE SAID..."LAUNCH"! AM I YELLING? YES. WHAT YOU ARE SEEING IS BUT THE BEGINNING OF THE ENDING OF THE CITIZEN'S...EDUCATION.
1-22-2018 Newshound Guru G-Lin Article: "Three "corrupt" companies dominate Iraq's Internet and the Ministry of Communications is "stealing" a billion dollars a year" I have decided that all of Iraq is corrupt and it will probably stay that way. I'm just assuming that their greed will push the dinar to a greater value which I'm sure would add to their wealth. ...the outstanding growth in the Iraq economy has me excited. It is hard to stop a moving downhill train. There are more powerful influences in the world compared to Maliki, Barzani, and the rest of Iraq's corrupt. The IMF and World Bank seem to have control of Iraq's economic structure and they are moving it forward. Iraq's wealth in reserves and untapped riches is too important to the rest of the world to allow the corrupt to control it. Just remember Maliki and Barzani are not the "big boys" in this world.
1-22-2018 Newshound Guru mike I remember those old Kuwait stories, I thought it was just a myth? This is a whole different animal, Iraq has over 50 trillion dinars out in circulation, even if they raised the dinar to .10 that would be $5 trillion dollars in M0 money supply with a country that doesn't make more than $100 billion a year. That's almost twice as much as the US has out. Balasaa-Samuelson is the only way I can see that the dinar will rise in value, they got to start slowly adding value to get all that dinar out of circulation.
1-22-2018 Newshound Guru Kaperoni Article: "Visit the Governor of the Central Bank of Iraq branch of Basra " The one dinar note looks to me like an old 1dinar note converted to a clock. [referencing a picture that accompanies the article.] [see Gurus BGG and Delta's views on the picture 1-22-2018]
1-22-2018 Newshound Guru Walkingstick THEY GOT BILATERAL AGREEMENTS WITH KURDISTAN. THEY HAVE FREAKIN' AIRPORTS ALL OVER THE PLACE WITH INTERNATIONAL FUNDS COMING IN AND OUT...THEY'VE REDONE THEIR BORDER POINTS! ...THEY'VE EDUCATED THEIR CITIZENS ON THE LD'S! ...WHAT ARE YOU WORRIED ABOUT?
d1-22-2018 Newshound Guru G-Lin Article: "Three "corrupt" companies dominate Iraq's Internet and the Ministry of Communications is "stealing" a billion dollars a year" I have decided that all of Iraq is corrupt and it will probably stay that way. I'm just assuming that their greed will push the dinar to a greater value which I'm sure would add to their wealth. ...the outstanding growth in the Iraq economy has me excited. It is hard to stop a moving downhill train. There are more powerful influences in the world compared to Maliki, Barzani, and the rest of Iraq's corrupt. The IMF and World Bank seem to have control of Iraq's economic structure and they are moving it forward. Iraq's wealth in reserves and untapped riches is too important to the rest of the world to allow the corrupt to control it. Just remember Maliki and Barzani are not the "big boys" in this world.
1-22-2018 Newshound Guru mike I remember those old Kuwait stories, I thought it was just a myth? This is a whole different animal, Iraq has over 50 trillion dinars out in circulation, even if they raised the dinar to .10 that would be $5 trillion dollars in M0 money supply with a country that doesn't make more than $100 billion a year. That's almost twice as much as the US has out. Balasaa-Samuelson is the only way I can see that the dinar will rise in value, they got to start slowly adding value to get all that dinar out of circulation.
1-22-2018 Newshound Guru Kaperoni Article: "Visit the Governor of the Central Bank of Iraq branch of Basra " The one dinar note looks to me like an old 1dinar note converted to a clock. [referencing a picture that accompanies the article.] [see Gurus BGG and Delta's views on the picture 1-22-2018]
1-22-2018 Newshound Guru Walkingstick THEY GOT BILATERAL AGREEMENTS WITH KURDISTAN. THEY HAVE FREAKIN' AIRPORTS ALL OVER THE PLACE WITH INTERNATIONAL FUNDS COMING IN AND OUT...THEY'VE REDONE THEIR BORDER POINTS! ...THEY'VE EDUCATED THEIR CITIZENS ON THE LD'S! ...WHAT ARE YOU WORRIED ABOUT?
1-22-2018 Newshound/Intel Guru BGG Article: "Visit of the Governor of the Central Bank of Iraq Branch Basra" I am a little curious as to what the bill is that is pictured in this last shot? [referencing a picture accompanying the article.] I have looked around some and can’t seem to come up with an ID on it.
(Update: according to Yahoo images, the note in question appears to be a 1947 10 Dinar note with King Faisal II on it. Probably some commemorative ceremony. Still interesting.)
1-22-2018 Newshound Guru Enorrste Article: "Alaq announces the opening of a new branch of the central bank in Najaf " [...how do you view Alaq saying "no condition other than banking reform" and no float? Does not match with what seems obvious that needs to happen.] Some Far Eastern country stated every day for several months that they were not going to change their exchange rate. Then, 24 hours after their last statement saying the same thing over and over again, they did it. I wouldn't put much credence in Allaq's statement.
1-22-2018 Intel Guru Delta IT LOOKS LIKE THE CBI JUST PUT A NEW PICTURE ON THEIR WEB SITE LOOKS LIKE ONE OF THE NEW NOTE...WOWWWWWWW.
1-22-2018 Intel/Newshound Guru sandyf IMF Article VIII is effectively a passport to international recognition of the countries currency. Art 8 is a one way street, once the obligations have been accepted there can be no return to Art 14 status. ...Iraq has never been an Article VIII currency so has never had international recognition. All previous rates have merely been an indicative rate rather than an official rate of exchange. As a non convertible currency, international transactions have only be done on a restricted basis.
(Update: according to Yahoo images, the note in question appears to be a 1947 10 Dinar note with King Faisal II on it. Probably some commemorative ceremony. Still interesting.)
1-22-2018 Newshound Guru Enorrste Article: "Alaq announces the opening of a new branch of the central bank in Najaf " [...how do you view Alaq saying "no condition other than banking reform" and no float? Does not match with what seems obvious that needs to happen.] Some Far Eastern country stated every day for several months that they were not going to change their exchange rate. Then, 24 hours after their last statement saying the same thing over and over again, they did it. I wouldn't put much credence in Allaq's statement.
1-22-2018 Intel Guru Delta IT LOOKS LIKE THE CBI JUST PUT A NEW PICTURE ON THEIR WEB SITE LOOKS LIKE ONE OF THE NEW NOTE...WOWWWWWWW.
1-22-2018 Intel/Newshound Guru sandyf IMF Article VIII is effectively a passport to international recognition of the countries currency. Art 8 is a one way street, once the obligations have been accepted there can be no return to Art 14 status. ...Iraq has never been an Article VIII currency so has never had international recognition. All previous rates have merely been an indicative rate rather than an official rate of exchange. As a non convertible currency, international transactions have only be done on a restricted basis.
1-21-2018 Newshound Guru Kaperoni Article: "Officially .. the end of the "Daesh" militarily in Iraq" Quote: "Announced the Iraqi Interior Minister Qasim al-Araji, on Friday, the end of the terrorist organization Daesh militarily in Iraq, after the liberation of the city of Rawah, western Anbar province from the grip of the entire organization." This is big news. The Iraqi gov can now move forward with the economy.
Elmer:
Not in today
Artmeister:
On Monday, January 22, 2018 9:23 AM,
Summary: LOTS of news links today, thanks to a subscriber in Hawaii.
Interesting info from Tank about “Kim Possible” and why he believes she is genuine.
From TANK WhatsApp group
KIM GOGUEN
•Yes, that is her name.
•Yes, there is a Cabal launched smear. campaign about her on line claiming she's a fraud.
•Yes, she has provided codes for me and others that have been verified by the UST.
•Yes, I have the legal documents showing that the MANNA trust is the largest trust in the world and she is the sole Trustee.
•Yes, this Trust has consumed all of the assets of the other Collateral accounts that are supposed to fund humanitarian projects.
•Yes, the MANNA Trust holds 6 seats at the United Nations, that are currently held by the "Rothschild" family, and are blocking Kim’s ability to utilize the S2 terminals at the UN to distribute funds to the world.
•Yes, she believes that she has control of ALL the liquidity of the entire world.
•Yes, I believe it too.
•Yes, that means I've been wrong about a lot of things.
•Yes, the Agenda of the Cabal is to destroy the American economy.
•Yes, there is a Republic that is working and in control.
•Yes, there is a French Republic working in the US that is ran by the Rothschild's and they are still working towards their agenda.
•Yes, we are currently facing a liquidity crisis.
•Yes, she says that the visible numbers in the bank accounts that many think means they are liquid, are only mirrored accounts, thus not real money.
•Yes, she can transfer money into an account that transacts as an immediate same day settlement.
•Yes, this is a problem because people that are able to do these transactions, face threats on their lives and that of their family's by the Cabal.
•Yes, we are really that close to our freedom, and could easily make that transaction if we could just get one banker to stand up for humanity instead of being afraid.
•Yes, you should be furious and find a way that you can support these Bankers to do the right thing.
•Yes, we are working to find a way around this issue, and have several different methods that should work.
•Yes, the alleged Chinese Elders are just the new ruling body of the Cabal.
•Yes, they laugh at us for continuing to believe that a species breed to be slaves, thinks they would ever have equality to the members of the Cabal.
•Yes, we can beat them, and in fact we already have.
•Yes, there will be some version of an exchange.
•Yes, this will be the first time in history, that humanity has actually had control of their planet.
•Yes, this is the truth and for the first time ever someone is offering to prove it.
-TANK
FunkyDuffer: HERE IS POSSIBLY SOME REAL GOOD BACKGROUND INFORMATION ON KIM. GOOGLE HER NAME Kimberly Ann Goguen. I HAVE NOT READ YET BUT TITLES ALONE DO NOT LOOK GOOD FOR HERE IF THIS IS TRULY HERE.
"The Veil is Lifting" by Cinemo Galactic - 1.22.18
Intel by Terra Zetzz / 15min // keep unread // hide
Entry Submitted by Cinemo Galactic at 12:29 AM EST on January 22, 2018
"A Wealth Manager's Guide to the RV" by Fireswan - 1.21.18
Fireswan, props to you.
I’ve been informed by some excellent intel sources of who Kim works for.
Her full name is Kimberly Ann Goguen.
Research all you can and come to your own conclusions.
If you read her last post about cabal world domination on Tanks website, it is ripe with classic fear tactics with every intention of leaving the reader hopeless.
And after reading Fireswan’s excellent analysis, I’ve made my decision.
No Kim, the cabal has not defeated us. It’s the other way around.
And the fact you have surfaced here in the last two weeks brings me great joy.
We are closer than ever.
Cinemo Galactic
AN INTELLIGENT CRITIQUE OF KIM BY A FINANCIAL SYSTEMS EXPERT
"A Wealth Manager's Guide to the RV" by Fireswan - 1.21.18
Intel by Terra Zetzz / 6min // keep unread // hide
Entry Submitted by Fireswan at 11:44 PM EST on January 21, 2018
Consider this...
Chalked Cabal (like Kim) must endear herself to a legitimate chalk-cleansed “surrendered to Source” exchanger in order to have any relevancy in the AIIB/CIPS quantum computing asset-backed world.
Covered in chalk, Cabal minions get arrested if they tried to redeem currency, especially on military bases.
Quite obvious.
Cabal aren’t relevant in the non-SWIFT world. Why? They’d have to be able to exchange their USD for USN. And if their accounts are essentially frozen (because the SWIFT codes are meaningless in the AIIB/CIPS world) where they could look at their “balances” and old, historical paper all day long, unless it is redeemable in the new system, it just becomes wall paper.
Reminds me of what happened to Zimbabwe, but in reverse.
OK - Fireswan, obvious economics 101, what about the Wealth Managers who were trained by Cabal banks and financial institutions, but they’re not Cabal minions?
Consider that they’ve already been identified and trained in the new economics. They’ve learned how to assist and support the “chosen ones”. And, perhaps they’ve been identified as chosen ones themselves. They’re the earlier exchangers with balances that they cannot access until their future clients exchange.
[Those are big assumptions, methinks!—dle]
Chalked wealth managers - accounts frozen forever. They’ll quickly learn that they can’t move funds from SWIFT to CIPS. Codes don’t work.
So my common sense tells me that Kim’s SWIFT codes are useless. Sure she can move funds around in the SWIFT system (for now), but when the outdated Microsoft XP server that supports SWIFT is powered off, poof (as zap would say). SWIFT will no longer accept original codes that are unknown to CIPS.
How did you come to this conclusion, Fireswan?
I work in cyber security for a financial services company. I don’t want to bore you with cyber security engineering concepts, but let’s say you need keys and certs to access a system. Without them, no transaction is possible. Kim Impossible to get into the CIPS system from the SWIFT unless the data (accounts) were already transferred over during a data merge before the certs were made. What this means is that the “unchalked” are already recognized by CIPS. Data got transferred. Chalked not recognized as lol - corrupt accounts. That makes sense to me. CIPS has a block chain. That means it uses XBRL to trace all transactions to their origins. Some origins aren’t “signed” and therefore allowed (through XBRL) to be recognized as legitimate in the quantum system.
Makes perfect sense. That’s why she has to hitch her wagon to Tank’s exchange (while trying to convince him that it’s the other way around).
Note to the discerning: always look for emotionally charged character assignations “bad Chinese Elders and Republic” instead of probable, proveable facts based on REAL analysis. I just gave real analysis about why her codes aren’t recognized by CIPS (and she knows it).
Fireswan
TANK BLOG
JANUARY 22, 2018 BY GUNNER
Bank Trigger
“BANKERS DEAD MAN’S TRIGGER”
I have just been given the override codes for the
“Black Server” at the United Nations. This enables reports to be run that will detail the in depth financial dealings of the Cabal and exposes them for generations of crimes against humanity.
This information will be attached to the Dead Man’s Trigger which will be activated in the event that anyone who is a plaintiff on the lawsuit or their family members are harmed, or their funds are tampered with in any way.
In addition, any banker willing to stand up to conduct a legal transfer from the Master Trust with the codes provided will be included under the umbrella protection of the Dead man’s trigger.
We have an opportunity to free humanity right now. The Banking cartels do not have access to the real assets to be able to disburse funds. They do not have the authority to generate new codes that can withdraw the funds.
The money showing in the accounts are mirrored. They are an illusion and that is why no one can access them.
Kim has the codes. She wants to place the money in the hands of the Government and the people. The Government knows the accounts are legit and are funded with real assets.
It is time for the Republic to stand up! Put the codes in and free humanity.
TANK
FROM KIM
JANUARY 22, 2018 BY GUNNER
Warning!!
URGENT WARNING
From Kim
Print outs are being given from the BLACK SERVER under the UN. This is NOT REAL MONEY. This is a black server aka “black screen” also known as “the server which tried to hack the trust yesterday”
They are telling people that the money will be come liquid… wait for it…. TOMORROW. Always TOMORROW.
There are no real assets on this server. Just a bunch of account numbers that anyone can find on the internet registered to a server with NO REAL Allocations. If you want to know what makes money REAL vs. FAKE, I can explain to you in detail, but I will leave it for now.
I have sent to TANK the “Over-ride” Code for the “Black Server” to give to his government contacts.
Don’t be fooled by the likes of hackers.
Rep. Matt Gaetz Drops MAJOR CLUE About FISA Memo, Hints “FRAUD” Committed To Obtain Spy Warrants
January 21, 2018 by Joshua Caplan
On Saturday evening, Rep. Matt Gaetz (R-FL) dropped a major clue on the “Justice With Judge Jeanine” program about what is inside the bombshell FISA abuse memo. The Florida Republican told Fox News host Judge Jeanine Pirro that Americans will not only be “shocked,” at the way U.S. government officials obtained information, but also at how it was “authenticated.”
When asked about the contents of the memo, Rep. Gaetz replied, “There are 4 pages of a memorandum prepared by the Intelligence Committee that will shock the conscience of this country when it comes to the horrific abuses that occurred during the last admin. and that I believe continue to pose a threat to Donald Trump’s presidency.”
Later in the interview, Rep. Gaetz hinted the memo outlines how the U.S. government may have committed fraud by presenting the courts with “false information,” to obtain FISA warrants.
“You’re aware as a Judge of the way evidence has to be authenticated and presented to a court to get a warrant,” began the Florida Republican.
“It has to be probable cause to sign a warrant,” Judge Jeanne interjected.
“Of course, and prosecutors and investigators cannot perpetrate frauds on the court by presenting false information or information they know to be false,” Rep. Gaetz continued.
The lawmaker’s statements come on the heels of reports that the House Permanent Select Committee on Intelligence will begin the process to release the memo.
Poof, Susan & Zap Update: "War"
January 21, 2018
POOF SAID:
Greetings and Salutations,
The openings and the closings of many domiciled entities are jumping through hoops along with many of the needs and the entries plus the necessary codes for many of the issues that have befallen the faithful who are taking care of the trusts . They are all being met with a lot of resistance and a lot of heaven-sent good old fashion help. That’s the sum total of a lot of the miss mash of twisting and turnings that have been on-going for so very long. It is the daily ritual for a lot of the folk who are on the inside. Do what you are told to take care of this or that: make the coffee, bring in the snack tray, get the residual paperwork handled, fine the pumice plates, anything and everything. The ho-hum is what is keeping them sane, as it would you, were you in their places.
Do not lose faith; and don’t think this is just a bunch of hogwash; no, it isn’t! This will get resolved and the funds flowing into the right channels. No one or two or three people know the ins' and outs'. On purpose! Make sure that you stay up on news headlines. That can be very important very soon!
Full message:
New comment on WHITE HATS AUXILIARY and FACT CHECK CENTER
in response to whitehatsauxiliaries:
Greetings and Happy New Year! For several days I have tried to start this update, and have had a serious case of writer’s block. What could I possibly say that is not well known already by the vast majority of you? As for the current scene, I won’t attempt to replay it all here. You … Continue reading Fact Check #142
WHITE HAT PALADIN UPDATE:
Popcorn Alert Update
As reported last week, SoCal is readying to serve arrest warrants.
This is still in play. No one knows when, who or why but here’s what we do know.
Its NOT immigration related. This seemed to be a sticking point for some officers as a raid was performed in Northern California earlier and all were assured it has nothing to do with that.
Teams have been formed and all are on STANDBY. When called, they report ASAP and will then get their assignments.
They were informed they will be serving arrest warrants on unsealed indictments.
This is profiling as a BIG event as they were briefed by a Captain on it this week. The amount of secrecy would seem to indicate high value targets.
Have been assured I’ll get a call when the fun is about to begin and will post here to give everyone advance notice for a popcorn run.
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Catnip:
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ARTICLE 1-A (from PM Abadi's website; posted only on Arabic side, not posted on English side)
Prime Minister Dr. Haidar al-Abadi meets Kuwaiti media delegation
22 - January - 2018
Prime Minister Dr. Haider Al-Abadi met on Monday with the Kuwaiti media delegation in the presence of the Chairman of the Union of Arab Journalists, Mr. Muayyad Al-Lami.
Dr. Haider al-Abadi stressed the importance of relations between Iraq and Kuwait and strengthening them in various cultural, media, social and popular fields, which deepens the relationship between the two neighboring peoples.
He added that Iraq came out victorious over the gangs and called the terrorist after the threat to all countries in the region, indicating that the Iraqis have won their unity and achieved what the world called a miracle.
Dr. Haider al-Abadi pointed out the importance of the Kuwait conference for the reconstruction of Iraq because it gives a message of brotherly support for Iraq after its victory over Daqash, as well as the support of the international community for Iraq and the Iraqis are not alone.
In turn, the Kuwaiti media delegation praised the great role of Dr. Haider al-Abadi in enhancing relations, as well as the victory over urging and removing the danger from the region. The delegation also conveyed the greetings of the Kuwaiti Prime Minister and the keenness of the Kuwaiti government and people to develop and strengthen relations between the two countries.
Prime Minister 's Media Office
22 - January - 2018
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ARTICLE 1-B (from PM Abadi's website; posted on both Arabic and English sides)
H.E. Prime Minister Dr. Haider Al-Abadi receives ICRC's regional director for the Middle East
January-22-2018
His Excellency Prime Minister Dr. Haider Al-Abadi has received, in his office Today Monday,ICRC's regional director for the Middle East, Robert Mardini.
During the meeting, they have discussed ways to facilitate the mission of the Red Cross in Iraq. Mr. Mardini presented their work plan for 2018 to provide the necessary assistance and expertise to Iraq.
Dr. Haider Al-Abadi has stressed the issue of the return of displaced persons and preparations for the elections on time, while the Red Cross delegation has appreciated the efforts of the government to facilitate their work in Iraq
Media office of the Prime Minister
January-22-2018
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ARTICLE 1- C (from PM Abadi's website; posted only on Arabic side, not posted on English side)
Prime Minister Dr. Haider Al-Abadi heads a meeting of the Higher Committee for Poverty Alleviation
Policies
22 - January - 2018
Prime Minister Dr. Haider Al-Abadi chaired a meeting of the Higher Committee for Poverty Alleviation Policies in the presence of all members of the committee.
Dr. Haider al-Abadi stressed the adoption of policies that will reduce poverty rates by clear percentages and through follow-up of those policies.
He also stressed the need to provide employment opportunities for young people and promote the establishment of pilot villages in the Iraqi countryside, noting the need to continue to evaluate alternatives to the construction of economic housing to address the random housing.
The Committee approved the National Strategy for Poverty Alleviation in Iraq for the period 2018-2022 and achieve its main goal to reduce the levels of general poverty, and stressed Dr. Haider Abadi that Iraq must leave the situation of extreme poverty and food insecurity by following procedures targeted vulnerable groups during the implementation of this strategy with emphasis Follow-up on this.
On the other hand, the Higher Committee for Poverty Alleviation Policies approved the emergency project to support (social stability and steadfastness) to loan the World Bank to be distributed to operating projects and loans for work purposes.
Dr. Haidar Al-Abadi also directed funding for the completion of completed (unpaid) projects for the housing of the poor and the construction of schools.
Prime Minister 's Media Office
22 - January - 2018
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ARTICLE 2
Severe imprisonment of trade officials for embezzlement
2018/1/23 13:13
[Ayna-Baghdad]
The Office of the Inspector-General in the Ministry of Commerce announced a judicial ruling against employees of the General Company for the manufacture of grain with severe imprisonment for three years on charges of embezzlement.
A statement by the ministry received the agency of all Iraq [where] a copy of the Inspector General of Trade Muayad Ali al-Saadi, saying that "and through the control and inspection efforts of the owners of his office has been detected cases of manipulation and fraud by the two employees to embezzle quantities of [alkaz] General Company for Grain Manufacturing ".
"After these procedures, the matter was referred to the administrative investigation, and then the legal and investigative procedures were completed and the case was referred to the Integrity Commission and the competent courts."
"Saadi pointed out that" the court of crimes Rusafa competent integrity issues, issued a severe prison sentence for three years against employees accused of embezzlement. "
He explained that "his office continues to monitor violations and account for the defaults and refer them to the competent courts to be a deterrent to anyone who begs himself fraud and manipulation of public money," calling "citizens and staff of the Ministry to report cases of corruption and legal breaches in the performance of the work of the ministry and through hot numbers of the Office [07713006450] [0790626556] ".
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ARTICLE 3
Text of the first amendment to the law of elections of the House of Representatives
2018/1/22 16:15
[Baghdad-where]
All Iraq [Ayna] obtained a copy of the full text of the First Amendment Law of the Iraqi Council of Representatives Elections Law No. 45 of 2013.
According to the text of the law:
In the name of the people
Presidency
On the basis of what was approved by the House of Representatives and ratified by the President of the Republic and based on the provisions of item (I) of Article (61) and Article (III) of Article [73] of the Constitution.
Issuing the following law:
No. [] of 2018
Law
The first amendment to the law of elections of the Iraqi Council of Representatives No. [45] for the year 2013
Article (1): Amend Article II of Article [7] and add a new item in sequence [IV] and be as follows:
Second: The elections of the Council of Representatives shall be held for the fourth session on [12/5/2018].
Fourthly: The executive bodies shall do the following:
1. Provide a safe environment for holding elections
2. Return of displaced persons to their areas
3. The voting shall be electronic in all regions
4. The parties that are in the elections do not have armed wings.
5. The Ministries of Defense and Interior shall ensure security of the electoral process.
Article 2 - Amend the items [III, IV. VI] and add item [VII] to the text of Article [8] to read as follows:
The candidate for membership of the House of Representatives shall be required to add the following:
Thirdly: - Should not be sentenced to a felony or misdemeanor that violates honor by virtue of imprisonment or imprisonment.
Fourth: - Have a bachelor's degree or equivalent.
Sixth: He should not be a member of the armed forces or the security services or of the heads of the independent bodies when he is nominated.
Seventh: He should not be a member of the Independent High Commission for Elections, including a member of the Board of Commissioners and senior officials, except that he terminated his service not less than (2) years from the date of nomination.
Article (3): Paragraph [f] of Article [11] shall be added to read as follows:
And - component of the elephants Kurds [1] one seat in the province of Wasit.
Article 4 - Amendment of Article [1] of Article [14] to read as follows:
Seats are distributed on the competing lists in accordance with the revised Saint Leco system as follows
First, divide the correct votes for the lists competing for the serial numbers
[1.7-3.5.7.9 etc.] and the number of seats allocated to the electoral district.
Article (5) The text of Article [38] shall be repealed and replaced with the following:
The counting and counting process is carried out using the electronic results acceleration machine. Political party agents are provided with an electronic copy of the results forms and ballot papers at each polling station.
Article (6) Article III of Article 40 shall be deleted and a new item shall be added and the sequence of items shall be reworded as follows:
The Commission shall establish procedures to facilitate the special voting process, including the following:
1. The voter card of the security forces shall be marked by the sign or code and the personal information shall be written in a different color from the general ballot.
2 - Distribution of the names of the security forces at the level of the station for each regiment and ensure that they are not repeated at the polling stations.
3 - The process of crossing the fingerprint to vote private and public.
4. Withdrawing the card after voting on the polling day, provided that the voter is provided with a receipt and the cards will be returned by their units later.
Article 8 - This law shall be implemented from the date of its publication in the Official Gazette.
Positive reasons
In order to hold elections fair and transparent and inclusive of a large segment of the Iraqi society to participate in the elections for the purpose of upgrading the democratic process.
This law was enacted
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ARTICLE 4
The arrest of the most dangerous ring of counterfeit currency, including a foreign woman in Arbil
Arbil, Iraq - Jan 23: Six people, including a foreign girl in the city market, have been arrested in possession of counterfeit coins, according to informed sources in Arbil.
The sources added that "the last days witnessed the circulation and spread of quantities of counterfeit currency in the euro category in the markets of Arbil, and after reporting to the Crime Police arrested a number of people who were dealing with these currencies," pointing out that "the gang of six individuals Including a foreign girl, who pumped more than 10 thousand euros forged to the markets of Arbil, and were able to exchange and exchange a quantity of them and buy some goods before the arrest. Ending
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ARTICLE 5
New warnings of energy drinks for children and young people
- Energy drinks pose a threat to children and adolescents as they negatively affect the condition of the heart.
Experts at the University of Waterloo, Canada, found that energy drinks can cause rapid heartbeat, headaches and heart attacks in rare cases.
Professor David Hammond, who led the study, warned that most risk assessments so far have relied on coffee as a reference for estimating the health effects of energy drinks. "However, these products clearly pose far greater health risks than coffee."
"The health effects of these beverages can be due to their high caffeine content," Hammond said.
Hammond and his team studied 2550 young people in Canada aged between 12 and 24, and 55.4 percent of those reporting energy consumption at some point in their lives reported having health problems, the most important of which were rapid heartbeat and nausea.
Of those, 24.7% reported having a rapid heart rate.
While one in four people reported sleep problems, while 18% reported having headaches.
At the same time, 5% of the study participants reported nausea and diarrhea, 3.6% had chest pain, and 0.2% suffered some cramps and seizures.
"The number of side effects observed in our study suggests that more should be done to limit the consumption of these beverages among children and young people," Hammond said. "Currently, there are no restrictions on children buying energy drinks, Points of sale and shops, and a number of ads targeted children.
Energy drinks typically contain 80 mg of caffeine per 100 mg, equivalent to almost 3 cans of instant coffee or instant coffee, according to the Food Standards Agency.
Most of these products contain high levels of sugar, prompting protesters to urge the Canadian government to demand the ban on the sale of energy drinks to children under 16 years of age.
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