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DINARESGURUS.BLOGSPOT.COM_________________ _______

Friday, September 4, 2015

MARTHA UPDATE, 4 SEPT

 It is obvious we are in the biggest time frame for the whole world. The pieces are coming together for all humanity!

We now know the final date we are shooting for which is 9/14, Rosh Hashona, the new year.

This is the start of the Hebrew year 5776, perhaps the start of disclosure, debt forgiveness and a time to re-organize ones personal agenda. 

On 9/13 is the Hebrew date 29th of Elul.

The 29th is been earmarked as a time to exchange money.

9/11 is the 14th anniversary of the worst attack on U.S soil against Humanity.

Now enter some dates attached to actions occurring in Iraq related to the money reform. There is perhaps a window of opportunity from 9/11 thru 9/14. 

I would doubt that anything would be done on a national day of mourning. Now the window narrows to 9/14.....but will we have to wait to the 14th itself or go forward from there?

I refer everyone to Zap's post on 9/4 which is a start date going forward.

The 15th will hold several announcements like a payday, UN operational rates, mid-month corrections and most important the meeting of the UN general assembly celebrating an anniversary but also announcing a plan to stop poverty, famine and correct the ecology - a sort of all for one and one for all.

On 9/23-9/25 the Pope will be here in the US. He will be addressing our congress.

All I can say is that I hope that they will be listening.

You should realize that every date since January 2015 has had something of major importance in relation to our blessing. It has been a very long journey but I have, perhaps become a better person for it.

I have regained a strength that I had years ago. As many times that I have been beaten down, I am now ready to go forward on an even bigger journey in life.

I wish to thank all that I have met along the way. 

Martha

PS : To Frank, I expect you to herald in the New Year with the blowing of the Shofar for all of us, since we are all God's children and are all chosen.

Thanks also Backdoc and Zoch for me, as well as Frank and Delta for all their hard work with "numbers".

TNT CHAT UPDATE, 4 SEPT

TNT:

Iko Ward:
  (Friday AM)  All is lost! All is lost!...Not really, just that I always wanted to say that in front of a large group of people. Actually, if you are in this room you've already won. Forex just polled down 11.6 (a good thing). The markets are red (another good thing). Crude is up, gold is down. I'm going to go sit at our annual Labor Day family picnic and smile, knowing all these people are about to be wealthy and haven't a clue.

EF:
  DOW futures -200. I told you all not to worry. All the market has done since the Tiger has taken a Holiday nap is just a little churning. Today gets the market back to square one! DOWN!!!

The Tiger returns on Sunday night while we Holiday Monday.! 3 day weekend. Perfect storm perfect time! We shall see! If not..get ready to hear a loud ROAR from the Far East Tiger next week. I'm excited and so should you be!

U.S. stock index futures pointed to a sharply lower open on Friday as traders digested nonfarm payrolls—one of the most significant data releases of the summer for its implications on the timing of the first rate hike since 2006.
....
Danblessed:  I appreciate the stock updates, but why are we thinking that's going to affect anything this time ? Not being critical at all just asking

EF: Danblessed. This is a this time question. It's due to the systemic failure of the Fiat Currency Program. The market is a indicator especially with currencies and China is slowly depegging and its causing a world wide rumble. We haven't reached bottom yet.

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TNT CC NOTES, 4 SEPT

9-4-15 TNT DINAR CC (Notes by Adept1):

Replay 605.562.3179, PIN CODE 409029#
http://events.instantteleseminar.com/?eventid=74349417 


Tony: Good morning, TNT! Today is Friday, September 4, 2015. 
Pam: Please could everyone to send good thoughts and prayers to JB in Texas. 
Tony: I’m going to do a really short call for those who want to hear it. There is not a lot of information, but it’s still looking good for this weekend, or for September 14/15, then the 30th. At the present time, the agreed time is before the 14th. It changed 2-3 times yesterday before they came to a conclusion. Everyone is excited, happy, on alert, on standby for this to possibly happen over this weekend. No one has been told to go home or stand down. It may not happen, but there is a strong possibility that it could happen. 
I just want to do a short call to let you know everything is possible. Lots of people are going out of town for this last holiday weekend of the summer. So go do that, because if and when it changes, a tweet goes everywhere. Have your plan ready, know where your currency is, and be ready. Some have already gone out of town; some took all their currency, some just took enough to exchange where they are, and then they can take a plane back. Just have your plan for what to do if it does get released this weekend.
There is nothing else specific – it was just like Wednesday, only more upbeat, being told to stay ready. That’s all the news I have for you today.
281 caller: [Appreciation] My birthday is coming up. I haven’t talked to you for two years since my birthday before last. You said that you would always remember my birthday on this call. I want to ask for birthday greetings to my soul sister in Virgo. [chitchat] My birthday is next Wednesday, the 9th. What kind of birthday will I have this year?
Tony: The problem with texting you is then you’ll be calling me and everyone would get mad. I’ll do the best I can. Happy Birthday from all of us, and I hope it’s the best birthday ever and we can all celebrate that.
Caller: Vegas, Vegas, Vegas! And you need to come to Texas, where I live.
Tony: Pam and I were discussing Texas today, about how it seems like a whole different planet. I will see if I can get there.
702 caller: Tell Pam I’ll definitely pray for JB and family. When we go to the first visit, that is where we put the money into the bank account, right?
Tony: That is certainly where you should do the first negotiation… fees, no fees, guide-line for what rates are authorized for that manager. There are codes right now so that the person can find out what is authorized. Some banks have been told that there is a limited number to whom they can offer the contract rates, and that it will be scrutinized.
Caller: But if you have a lot, and you get to the second appointment, is that where they might be able to give you more, or the contract rates?
Tony: I’m not sure on that, because the contract rates might be gone by that time. I would ask for what you want right away. However, you can negotiate on interest rates and such. I have heard that they are setting up new high-rate products for high-value clients.
Caller: What about the zim – is there is still a cap
Tony: Yes, I believe so – half a billion last time I heard. Now, the first meeting is only 20 minutes, so you will have to negotiate quickly. It’s in and out. It has been done by people who have already exchanged. As for negotiating fees, maybe I’ll find out over the weekend. 
636 caller: What is the starting point for ‘those who have a lot of currency’?
Tony: I don’t know what their threshold is. A lot of us will have over five million dollars after exchange… maybe five million dinar? They were talking about this for the first time this week in the training class. Maybe I will get more information over the weekend. 
860 caller: How are you? I’m also super-fantastic. I was checking out the stock markets, and an RV would motivate us to give them some help. Do you think that the stock market is generating pressure to get this done?
Tony: I think it all helps: the stock market, the bonds that go on sale on Saturday. I also like seeing this on a Friday, on a holiday weekend. Maybe we can go in on Tuesday and turn it around.
Caller: We can certainly help if they push the button on it. Vegas, Vegas, Vegas!
313 caller: GM… National Guard Law? Anti-corruption Law?
Tony: I think this could be a great weekend: markets and oil prices down, holiday weekend, I think this really good be a great time. They are arguing about the laws. They have been passed, and they are agreed that they need it to make investors comfortable, but people want to get their slice of the cake first. All the laws have been passed, as we have been told by people here and in Parliament. I’ve been told that at the last moment they will ALL be implemented and Iraq will change in a day. They are not required for the RV, but they are desired so that there will be no backlash or backup next year. They are trying to get it all implemented as law, and afterwards they will deal with the rest.
Caller: I read something saying those two laws were not passed.
Tony: Inside Parliament, they say they have already been voted on and passed, even though they are working on implementation. I am looking forward to this weekend, because I am hearing this weekend, the 15th and the 30th are the dates for this month.
559 caller: [Appreciation] and we are praying for JB. Consider a good report when you get off this phone – it is done, so expect good news. Anything else on taxes?
Tony: I will put my 50-60% aside until I know what is going. The rumor I hear is 16-18%. That is the target, but I don’t know that for a fact. They had meetings this week, and that’s what they came up with. But I’m putting aside 50-60% until I know for sure.
Caller: I’m going out of town on business next week, and I’m taking mine with me – I’m not taking any chances on this! Vegas, Vegas, Vegas here we come!
410 caller: Happy weekend for all of us! I feel a whole different energy from you and from everyone on the call – more expectation, and I love soaking it up. They were concerned about a lot of us coming in, and usually you can withdraw $10K, and then you said that it would be $7,000 – have you heard anything else on that?
Tony: Seven thousand is what I heard. It depends on who you are, the bank, etc., but for general purposes during this process, the cash limit will be $7,000.
Caller: Did you say something about five million people?
Tony: There are maybe six million total, but they want to get Dinarland – about 50,000 who listen to these calls and act on their information – in the first five days. The rest can drift in as they find out about it. The people who put it away in their sock drawer might not find out for six months. It’s the initial 50,000 they are preparing for in that first push.
Caller: I’m happy to see everyone at the bank, stimulate the economy, close the gap between rich and poor. Maybe this will be our last call… otherwise next week but not Monday, right?
Tony: We will NOT have our regular call on Monday but I hope by then you won’t care. If nothing happens, we will speak on Tuesday morning. But I’m hopeful for this weekend.
Pam: Have a lovely Labor Day, and we will be here next week (if nothing else happens), for as long as we can. Thanks for your prayers for JB.
Tony: We are still in a super-fantastic place. There is nothing negative, no bad news, and we are still geared up for any moment, any day. I’m going to enjoy my weekend and I suggest you have fun; just be ready for the tweet. Everyone is still in agreement, and they do have a date and time picked out; we just need to make it to that day and time. Nothing negative, just be prepared and enjoy your weekend. See you Tuesday!

DINAR GURUS UPDATE, 4 SEPT

9-4-2015   Newshound Guru Breitling   You will never find a country putting out their daily note count.  That is a well kept secret.  Iraq has put out 3 reports in the Iraqi Journal.  the first report was 9 Billion to 6 billion [Note count] then 6 billion to 4 billion…but their is no daily count…it simply does not work that way.

9-4-2015   Intel Guru Frank26
   There’s a committee that’s a delegation coming from Iraq to the US – they’re already here – on the 11th there will be more. They’re here for the bonds...After this meeting in the US, they’ll move to the UK…at this meeting on the 11th, they’ll also talk about DAASH...   [IMO we should keep our eyes peeled on next week's Bond meetings in USA and BRITIAN.] Oh YES...It's very important. Don't know another way to express it's importance!  DRS [DR. SHABIBI] WILL BE THERE! 

9-4-2015   Newshound Guru My Ladies
    ADJUSTING ONES CURRENCY IS VERY PAINFUL FOR THE ECONOMY. MAKE NO MISTAKE...WHEN IRAQ COMES OFF THIS PROGRAM RATE AND HAS REAL MONEY WITH REAL VALUE IT WILL TOTALLY SUCK FOR THEM FOR A FEW YEARS.  IT WILL BE PAINFUL, MANAGING THE MARKET ECONOMY IS NO JOKE.  SOME LESS INFORMED FOLKS THINK OH WELL THEY ARE GOING TO GET 2+ OR 3+ DINAR TO THE DOLLAR.  REALLY? I MEAN REALLY?  THE PEOPLE INSIDE IRAQ ARE NOT GOING TO GET ANY SUCH THING.  THE 2+ AND THE 3+ IS FOR ALL THE FOLKS ON THE OTHER SIDE OF THE BORDER!
9-4-2015   Intel Guru Frank26    Who has the GREEN LIGHT from the IMF to lift the three zeros?  DRS. [DR. SHABIBI].  So IMO...No RI until he returns.  Guess what. He is.  IOO...Just after ALACKxxx leaves.

9-4-2015   Newshound Guru Adam Montana
  [I had read some weeks back how al-Abadi was cleaning house, with the result that a number of people were out of a job.  Have you heard or read what progress is being made on filling those positions, hopefully with people who have integrity.  Are there positions in the GOI that will need to be filled before the RV?]   If I'm thinking of the same thing you are, Abadi didn't actually plan on "re-filling" those positions - they were simply being eliminated. I like that plan, because too many monkeys on the same tree is just as bad as too many chefs in the same kitchen.  What I said sometime ago about the GOI being important was that we needed a significant change and improvement in the GOI, and I believe that requirement has been "filled" to a very reasonably satisfactory level.

9-4-2015   Newshound Guru Millionday
   THEY ARE WORKING TO ESTABLISH INDEPENDENT BANKING POLICIES...MOVING FORWARD DUE TO THE NEED OF THE PRIVATE SECTOR ACTIVATION AND ALSO THE LAWS ON MONEY LAUNDERING AND FRAUD ETC ARE ALSO BEING PUT IN PLACE -- THIS ALL WORKS TOGETHER... THE INTERNATIONAL COMPLIANCE THAT COMES INTO PLAY ALONG WITH INTERNATIONAL LAWS THAT PROTECT INTERNATIONAL BANKING AND TAXATION ...IT ALL WORKS TOGETHER .  THE GUARANTEES ARE IN PLACE AND THEY ARE FREELY DISCUSSING IRAQI BANKS ABROAD... CONFIDENCE IN THE LEGAL SYSTEM AND ALSO THE INTERNATIONAL COMPLIANCE AND GROWTH THAT WILL COME FROM INTERNATIONAL BANKING... ALL GREAT TO SEE FOR THE BANKING REFORM – NICE. 

BREITLING & FRANK26 TIDBITS, 4 SEPT

9-4-15 Breitling: You will never find a country putting out their daily note count. That is a well-kept secret. Iraq has put out 3 reports in the Iraqi Journal. The first report was 9 Billion to 6 billion [Note count] then 6 billion to 4 billion…but there is no daily count…it simply does not work that way.

9-4-15 Frank26: There’s a committee that’s a delegation coming from Iraq to the US – they’re already here – on the 11th there will be more. They’re here for the bonds...After this meeting in the US, they’ll move to the UK…at this meeting on the 11th, they’ll also talk about DAASH.

[IMO we should keep our eyes peeled on next week's Bond meetings in USA and BRITIAN.] Oh YES...It's very important. Don't know another way to express its importance! DRS [DR. SHABIBI] WILL BE THERE!

KTFA CHAT UPDATE, 4 SEPT

KTFA:

Alan :  note there are only 5 months left in the year and 3 for the fiscal year. I think by oct/Nov we will have a better idea of what is to happen with Iraq and Iran.  Actually, don't be surprised if the delegation comes back from the USA bragging about what took place.  Just my two cents

Frank26:  And this scenario ........... Is the better logic.And the higher possibility ....... Hence the meeting in the first place AND ............ LOOK at the ground where they meet.

Patterns shows that when we go to them ......... It is to stimulate them.

Yet when THEY come to us ............ It is to activate something.

Usually .......... Stat !!!     KTFA    Frank

....
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Thunderhawk
 » September 4th, 2015, 9:37 am  GOOD MORNING FAMILY,

DOC (Backdoc)  HEADING INTO OUT PATIENT SURGERY

PLEASE SHOOT HIM A PRAYER.


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Scarlet2575  Will we be able to cash in at any bank the Iranian rial when it rv's ?

Frank26: 
 God willing yes ......... By then the sanctions will be officially removed and Iran will be recognized Internationally.

KTFA   Frank

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PDids:  » September 3rd, 2015, 11:13 pm    What is very interesting if one goes to the Bloomberg Link and reads the full article is that the Bond Offering that was completed yesterday below was " 4 TIMES OVER SUBSCRIBED "

WOW! This is Iraq's next door neighbor and you would as an American citizen not wish to travel there today anymore than you would want to travel to Iraq!

So IMO we should keep our eyes peeled on next week's Bond meetings in USA and BRITIAN.

http://www.businessweekme.com/Bloomberg/newsmid/190/newsid/1044/Qatar-Bond-Issue-Raises-41-Billion#sthash.vXdjMGxp.9PKpZ8Sb.dpuf

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Frank26:
  Your W CC SCREAMED this meeting to You with dates and 3 agenda topics to it and WHO is going to attend it.

Oh YES ................ It's very important.

Don't know another way to express it's importance !!!

DRS WILL BE THERE !!!   KTFA   Frank


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Walkingstick:  S&P Assigns ‘B-/B’ Ratings To Republic of Iraq; Outlook Stable
September 4, 2015 By Bloomberg

Press Release: S&P Assigns ‘B-/B’ Ratings To Republic of Iraq; Outlook Stable

LINK

Frank26:  Oh SNAP !!!   Oh My !!!

Hey DRS and A ........... Sorry but we have decided ........... You gotta EARN IT !!!

Let's Roll Gentlemen.

OH BTW ............. WHAT DOES DRS WANT ??? .......... SECURITY ???

WHAT WILL HE DO IF HE GETS IT???

1........ 2 .........3 .......... W CC NOTES !!!

THEN HE WILL RETURN ???

%$#@! yes !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

USING ALL THAT A SET UP FOR HIM WITH THE GOI TO FIX THE CBI AND ??????????????

USE ...... USE !!! WHAT HE PROTECTS ............ THE GREEN LIGHT OF THE MR GIVEN TO HIM BY HIS BOSS ........THE IM FREAKEN F !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Put that in Your TA DA and ............... DANCE !!! lol

(sawee..... got kinda carried away )   KTFA     Frank

Currency and Trade Balance to be Stable in 2016 : Finance Committee, 4 SEPT

Iraqi Dinar 123 News:– A member of Iraqi Parliamentary Economic and Investment Commission Najiba Najib issued a statement that there is not any kind of fear to Iraqi dinar currency against most of the major foreign currencies. She added in her statement that Iraqi dinar currency is getting stronger as the current price of Iraqi dinar is at 1200 Iraqi dinars per one U.S dollar or near to it. So, there is not any kind of threat for Iraqi dinar currency against a number of major foreign currencies. She assess about the next year budget 2016 that Iraqi Finance Ministry is managing everything related to the expenditure and revenues, but the Ministry hasn’t yet evaluated the oil price in the budget, because the reform package not completed the task in finding the problems that reduced the oil price in the budget 2015.
The Iraqi Prime Minister Haider Al Abadi also said on 17th August that Iraqi dinar currency has a most powerful strength because of our reserves of hard cash, although it is now dropping, but Iraq has the ability and potential because we also have a large amount of oil reserves. He added that there is not any threat in the Iraqi dinar exchange rate against the U.S dollar currency and we will deal with Iron hands to currency conspirators. It has been announced on 28th August by a Parliamentary Finance Committee member that all the requirements have been completed for the delivery of corrupted files for public prosecution and judge the money laundering and funds transferring abroad.

MY LADIES CHAT UPDATE, 4 SEPT

[5:57:38 AM] MY LADIES:  GOOD MORNING EVERYONE.. I HAVE SOMETHING IN THE WAY FOR YOU EARLY BIRDS SIT TIGHT

Dave:  I like good news ESP on Friday, they musta told YA's

MY LADIES:
  ME TOO DAVE...FRIDAYS ARE A NO WORK ZONE FOR ME...

OK HERE WE GO..LET’S STICK WITH THIS A LITTLE LONGER

Troubles Loom for Emerging Market Currencies 
http://www.voanews.com/content/troubles-loom-emerging-market-currencies/2944250.html

Currencies in many emerging market nations have been buying less and less for more than a year.
....
In sometimes turbulent trading, the currencies of Brazil, Russia, Chile, Turkey, Malaysia, Indonesia, and other nations have fallen sharply, in some cases losing 20 percent of their value or even more.

Joshua Brockwell, of Azzad Asset Management, said emerging market currencies have been hurt by the soaring dollar, falling commodity prices, and worries about slowing global economic growth.

MY LADIES:
  THE STRONGER THE DOLLAR GETS THE MORE DIFFICULT IT BECOMES TO MAKE PURCHASES RIGHT? BUT WHAT IS THE OTHER SIDE OF THAT COIN? WHAT IS THE WHOLE OBJECTIVE HERE?

LET’S SEE…

Impact of currency changes

Experts say a weaker currency makes it more expensive to buy imported items, from gasoline to medications, which can be a source of inflation.

But a weaker currency can also help boost exports by making them less expensive and therefore more competitive on global markets. Stronger exports can help economic growth.

That is why critics accused China of seeking an unfair price advantage when Beijing allowed the value of the Renminbi, also known as the Yuan, to decline recently. Chinese officials said the change was driven by market forces.

MY LADIES:   HUMMMM INTERESTING. THE OBJECTIVE IS FOR EVERYONE TO MOVE TO MARKET ECONOMIES RIGHT?

SO WHILE A WEAKER CURRENCY MAKES IT DIFFICULT TO PURCHASE IT MAKES IT EASIER TO SELL. AHA..SO WE ARE STUDYING AND UNDERSTANDING HOW THE ONE BELT INITIATIVE IS GOING TO WORK RIGHT?

HOW EACH COUNTRY MUST USE THEIR OWN CURRENCY RIGHT?

WELL THEN THEY NEED TO CREATE A USE AND DEMAND FOR IT AND TO GROW THEIR ECONOMY

THEY NEED TO DO WHAT? BE ABLE TO SELL THINGS ON THE CHEAP RIGHT?

SO THIS BOTH SIDES OF THE BALANCE SHEET IS WHAT WE’RE WATCHING.

EMERGING MARKETS ARE STRUGGLING TO PURCHASE BUT THEY WILL GET THROUGH IT AND THAT WILL BALANCE ITSELF WITH THEIR EXPORTS AND EVENTUALLY THEIR CURRENCY WILL GROW IN VALUE AS WELL.

DO WE ALL GET IT?? I HOPE SO??

LET’S MOVE ON…

What hurt emerging market currencies?

Several years ago, emerging market currencies began rising in value when record-low interest rates in the United States gave investors disappointing returns.  Investors move their money to the place where they get the best combination of return and risk, and fast-growing developing nations looked like a good bet.

But that changed when the U.S. central bank signaled its intention to raise the key interest rate. Economist Joe Brusuelas of McGladrey LLP said U.S. rates will probably go up about two percent over the next three years. That will give people who invest in the United States better returns than other nations that are still holding interest rates at very low levels in a bid to boost economic growth.

Improving U.S. growth means low interest rates are no longer needed.

Brusuelas said the end of record-low U.S. interest rates mean global financial “tectonic plates” are shifting. “You should expect to see capital flow towards economies where it can get better rates of return, and that's exactly what we are seeing.”

Currency values are also affected by risk, which has risen recently as China’s economic growth slowed. Less growth in the world’s second-largest economy means less demand for crude oil and other commodities that are important exports for many emerging markets.

Brusuelas said that sparked "a crisis of confidence among global investors.”  When a lot of worried investors sell a particular currency, the decline in demand for that kind of money drives down its price.

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MY LADIES:  THE END OF US RECORD LOW INTEREST RATES. HUMMM ..WELL MEMPHIS HAS THIS TOPIC COVERED ABOVE  

http://www.dinarrecaps.com/our-blog/my-ladies-memphis-and-friends-late-thursday-night-its-a-teeter-totter-event

Declining outlook

Brockwell said some emerging market currencies have fallen to a level that reflects their current economic fundamentals, while others have dropped even lower.

Brusuelas said many currencies are influenced by the value of the Chinese yuan, which he predicts will fall another three percent, pulling emerging market exchange rates down even further.

MY LADIES: 
 CORRECT… THINGS WILL GET A BIT WORSE BEFORE THEY GET BETTER…. GROWING PAINS OF EMERGING MARKETS… BUT IN THE END THEY WILL ALL COME UP ON THE OTHER SIDE OF THIS IN A MORE UNIFORMED TRANSPARENT WAY OF DOING THINGS WITH NO BULLIES.

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MY LADIES: I WANT TO BE SURE EVERYONE UNDERSTANDS EMERGING MARKETS AT THE MOST BASIC LEVEL. BECAUSE ONCE YOU HAVE THE ROOTS THE REST OF THE PLANT WILL GROW.

ALL WE ARE SEEING IS CLEARLY THE NEW BANKING SYSTEM AND WITH IT COMES WHAT EVERYONE IN THIS ROOM IS WAITING FOR.

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[6:20:00 AM] MY LADIES: Emerging market debt transformation lowers risk of crisis

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights.

http://www.ft.com/cms/s/0/ffd59ece-5099-11e5-b029-b9d50a74fd14.html#ixzz3klb5WS3z

The chaos endured by emerging markets this summer is unlikely to evolve into a credit crisis, according to one of the world’s largest credit rating agencies.

Despite a multiyear debt binge, countries including Brazil and India have transformed their government debt markets, inuring themselves to global economic shocks by turning away from the so-called “original sin” of borrowing in non-domestic currencies.

Across the world’s biggest emerging markets, the share of debt held in a country’s own currency has jumped from just over 50 per cent to just under 75 per cent in the past 15 years, according to research by Moody’s.

Deepening local sovereign debt markets have allowed governments to raise a larger portion of funding in their own currencies making them less vulnerable to foreign exchange moves.

MY LADIES:
   DEEPENING SOVEREIGN DEBT?? HOW ARE THEY DOING THAT??

HAHA WE’RE WATCHING IT ALL OVER THE MIDDLE EAST FOR STARTERS RIGHT??

“This suggests they will be less susceptible to shocks,” said Elena Duggar, co-author of the research.

When the financial crisis hit emerging markets in 1997, foreign investors rushed to sell emerging market assets and as the domestic currencies of the countries dropped their debt burdens rose.

“In previous emerging market crises these countries had large sums of dollar-denominated debt and suffered because of it,” said Iain Stealey, fund manager at JPMorgan Asset Management.

“So they have been trying to change their debt profiles and that’s why the recent pain has been felt in the [foreign exchange] market, not debt markets.

MY LADIES:
  WELL THERE ARE 2 BIG SENTENCES RIGHT?

DOLLAR DENOMINATED DEBT! SO THEY’RE CHANGING THAT NOW TO HAVE DEBT IN THEIR OWN CURRENCY. MUCH BETTER PLAN AND MUCH NEEDED STEP.

“It helps that overall debt to GDP [gross domestic product] levels are also still fairly low.”

The increase in local currency debt has been made possible by a growth in local institutional investors such as pension funds and insurance companies.

On average, local investors hold 68 per cent of the sovereign debt issued by their government, compared with 58 per cent in 2000.

MY LADIES: 
 CREATE LOCAL DEBT GOOD IDEA.

However, greater reliance on local currency debt has not meant emerging markets have completely escaped volatility linked to global trends.

There has also been a rise in the number of overseas investors putting money into local currency debt, albeit at a slower pace than domestic investors, as they seek to escape ultra low rates in their own domestic debt markets.

MY LADIES:
  OVERSEAS INVESTORS PUTTING MORE MONEY INTO LOCAL CURRENCY DEBT. WELL NOVA AND I HAVE BEEN SHOUTING THIS FROM THE ROOF TOPS TOO. GOOD PLACE TO PAR YOUR MONEY!

This increase means local currency debt markets could be exposed to outflows of capital when interest rates in developed markets rise.

Investors wake up to emerging market currency risk

Violent sell-off abates but growth is missing in many countries

Prices for debt issued in countries such as Mexico and India have fallen and yields risen this year as speculation grows that the US is on the brink of raising interest rates.

For investors in local currency emerging market debt, August has been a challenging time.

Deutsche Bank points out that its aggregate local currency EM bond index suffered its biggest monthly fall this year, taking year-to-date losses to 9 per cent.

However, emerging market investors including BlueBay Asset Management believe a 1997-98 style emerging market crisis is a tail risk that investors have largely discounted.

They point to dramatically different fundamentals in the countries, including growth in total foreign exchange reserves of almost $3.8tn compared with less than $0.5tn in 1998, according to the International Monetary Fund and Fitch research.

MY LADIES:
  SO WE ARE SEEING THIS ALL COME TOGETHER AREN’T WE?

THE GOAL IS TO GET ALL COUNTRIES ON THEIR OWN CURRENCY, GET THEIR DEBT IN THEIR OWN CURRENCY AND GROW THEIR ECONOMIES A BIT QUICKER AND THAT WILL HAPPEN QUICKLY WITH THE NEW ONE BELT ONE ROAD INITIATIVE.

NO ONE WILL BE LEFT BEHIND

ALL COUNTRIES   WILL BE CREATING NEED FOR THEIR OWN CURRENCY AND FINDING THEIR WAY IN THIS MAZE. ALL COUNTRIES!

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MY LADIES:
   SO LOOK AT THIS, EMERGING MARKET DEBT IS NOT SUCH A BAD IDEA. HUMMM WHERE HAVE WE HEARD THAT BEFORE?? LOL..

GOVERNMENT BONDS IN LOCAL CURRENCY ARE HOLDING BETTER THAN THE EQUITIES ON FX. INVESTORS ARE NOT PANICKED ABOUT EMERGING MARKET CREDIT WORTHINESS

Emerging market debt steers clear of turbulence
   http://www.ft.com/cms/s/0/6a7c5e3e-4be5-11e5-9b5d-89a026fda5c9.html#ixzz3kli0Rri4

Emerging market debt is sidestepping a violent rout in global markets despite dire warnings about the risk posed by a surge in EM borrowing since the financial crisis.

A chain reaction triggered by China’s decision to devalue its currency has led to severe movements in emerging market equities and currencies that have yet to be matched by equivalent turbulence in debt markets.

“There is no chatter in trading rooms about a debt crisis,” said David Riley, head of credit strategy at BlueBay Asset Management. “EM bonds have held up relatively well considering the pressures they are already under.”

Although prices for hard currency debt sold by countries including Turkey, Mexico and Indonesia have fallen, sending yields up, year to date the total return on JPMorgan’s emerging market sovereign debt index is minus 0.3 per cent, compared to minus 15.86 per cent over the same period for MSCI’s EM equities index.

The difference reflects the fact that bond markets have long been flagging the risks of stalling global growth and low interest rates, Mr Riley said, while other markets have been more optimistic.

Steep falls in currencies such as the Turkish lira and Brazilian real against the US dollar have pushed down prices for local currency debt further, meaning the total return year to date for EM local currency debt is now minus 12.7 per cent, according to JPMorgan.

However, dollar-denominated bonds sold by EM companies such as Codelco in Chile, Pemex in Mexico and Ecopetrol in Colombia indicate no meaningful levels of distress, say credit strategists Oleg Melentyev and Daniel Sorid at Deutsche Bank.

“What the markets are telling you is that investors aren’t panicked about EM creditworthiness,” said Chris Iggo of Axa Investment Management. “Bonds have weakened but haven’t moved as far as equities or FX.”

Governments and companies in Brazil, China, Turkey and other emerging markets have sold billions of dollars of debt in the past five years as investors sought refuge from low interest rates in the US and Europe.

The World Bank cautioned this year that a storm was brewing in emerging market sovereign debt as growth slowed and government budget deficits expanded to levels not seen in a decade.

Economists at the Bank for International Settlements have also highlighted how quickly dollar-denominated lending to companies and governments outside the US has increased, with emerging market issuers accounting for much of the rise.

Now those EM debt issuers face a perfect storm of China-led growth fears, falling commodity prices, rising political risks and the prospect of capital outflows sparked by higher US interest rates.

However, these concerns have been balanced by a change in the way emerging markets borrow.

Although EM general indebtedness has increased fourfold to $5.8tn, according to Fitch Ratings, much of the increase has been driven by foreign investment in local currency denominated government bonds.

Emerging markets are well-placed to absorb “sudden stops” in capital flows, insists Bluebay, and if necessary fund the refinancing of foreign borrowing by domestic corporations
PrincessDD:  ML I have had something on my mind and maybe you can help me understand it more. I see that the flooding of the oil markets is driving oil down and with oil being in the petro dollar that it would basically phase out OPEC and all the new contracts would be in another entity that would be newly made up to include Iran. They would eventually collapse that petro dollar and OPEC at some point in the near future.

MY LADIES:  NOT THE NEAR FUTURE AT ALL. AND IN ORDER FOR THE PETRO DOLLAR TO BE PHASED OUT ALL OIL CONTRACTS WOULD NEED TO BE RE WRITTEN. I'M NOT SEEING THAT ON NEAR HORIZON

Buckeye:  SO WITH SO MANY COUNTRIES DROPPING USD THAT WOULD MEAN THE FED WOULD HAVE TO RAISE INTEREST RATES TO BRING THE EXCESS USD BACK INTO THE TREASURY CORRECT?

IF NOT WE WOULD SEE MASSIVE INFLATION HERE CORRECT?

SO WILL THE NEW SYSTEM HAPPEN BEFORE THE INTEREST RATES GET TO HIGH HERE LIKE IN THE LATE 70'S ARE BEFORE INFLATION GETS OUT OF CONTROL?

THANKS FOR THE POSTS ML AND MEMPHIS THIS REALLY WAS AN EYE OPENER.

DINAR IRAQ & DONG VIETNAM MORE UPDATES, 4 SEPT

Baghdad Joseph Zayer
The Iraqi Central Bank launched the process of selling gold bullion to boost liquidity met large turnout by citizens and interested in dealing with the precious metal.
According to the Director General of the release at the Iraqi Central Bank «morning» remarked very good turnout and sell bullion operations continuous, this turnout reflects citizens’ awareness of their role in supporting the Iraqi economy and the strengthening of government hedges to mitigate the impact of the financial crisis.

Dr. Ihsan Shomran Yasiri noted that the bank did not put non-small margin on the price of ingot currently only one percent, which represents an administrative cost in line with the Bank’s policy to encourage the citizens of the Optional savings to diversify and put forward different options for him, where the bank also continues to sell bonds after extending the completion date of sales to the end of the month of September.
In a statement released earlier, followed the «morning» the Central Bank of Iraq explained that bullion sales in order to diversify the public savings and ensure that they get the 24 carat gold, The statement continued, «the Iraqi Central Bank has contracted with leading global coin companies Stamping gold bullion weights ( 5, 10, 15, 20, 25 and 50) grams put up for sale through banks and through its center in Baghdad for employees ».
The statement continued, «the bank will mint basic alloy of larger weights (100 250 500 and 1000) grams launched soon. Bank has called for banks to submit their requests to the General Directorate for issuance to buy quantities you wish to purchase for its own account or on behalf of the public. The selling price was determined on the basis of cost out of Baghdad International Airport plus administrative uploads by 1 percent.

KTFA CHAT UPDATE, 4 SEPT

KTFA:
BigTex:   I believe our fiscal year ends in less than 30 days (Oct 1 begins 2016). Calendar year ends in less than three months. Time is flying fast.

PDids:
  » September 3rd, 2015, 11:13 pm    What is very interesting if one goes to the Bloomberg Link and reads the full article is that the Bond Offering that was completed yesterday below was " 4 TIMES OVER SUBSCRIBED "

WOW! This is Iraq's next door neighbor and you would as an American citizen not wish to travel there today anymore than you would want to travel to Iraq!

So IMO we should keep our eyes peeled on next week's Bond meetings in USA and BRITIAN.

....
dnari131 wrote on September 3rd, 2015, 7:36pm GMT:

David A. Weinberg ‏@DavidAWeinberg 6h6 hours ago

#Qatar follows #Saudi Arabia by issuing $4.1 billion in bonds to cope with budget deficits due to low energy prices:

Qatar Bond Issue Raises $4.1 Billion
Bloomberg Staff | 02-09-2015, 11:47 AM | Qatar |

- See more at:  http://www.businessweekme.com/Bloomberg/newsmid/190/newsid/1044/Qatar-Bond-Issue-Raises-41-Billion#sthash.vXdjMGxp.9PKpZ8Sb.dpuf

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Toyvp:
  First Fitch now S&P with a B- rating doesn't say much for negotiations IRAQ is being dealt a big shot across there bow "DO IT AND DO IT NOW"!!!! or those bonds are doomed for failure (See Article Below)  

YOU HAVE 1 OPTION IRAQ AND YOU ALREADY HAVE THE GREEN LIGHT SO JUST DO IT!!!!!!!

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Big Spring:  EXACTLY!!!!! IN LESS THAN 2 WEEKS IT WILL BE 12.5 YEARS FOR THE IRAQI CITIZENS......STILL WITH NO TRADEABLE RATE, NO PURCHASING POWER............

SHABIBBI NEEDS TO UNDERSTAND BUSINESS!!!! IT WILL NEVER BE PERFECT!!!!

YOU ENGAGE AND MAKE ADJUSTMENTS AS YOU GO ALONG...............I DONT SEE ANYTHING CHANGING WITH SHABIBBI IN THE DRIVERS SEAT...... ..

.IRAN WILL HAVE THEIR RATE OUT BEFORE IRAQ CHANGES ANYTHING...........THEIR GOING TO MISS THE BOAT!!!!! ALL IMO

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Mike100:  They will dont worry because they are truly left with No other options if they want to take their place on the international stage and for foreign investment to pour in to bring liquidity which they desperately need or other option let their economy crumble and another arab spring. Iraq needs to make important decisions now!!!!

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TF1564:  IMO....BOTTOM LINE IS THIS.....THEY "KNOW" WHAT THEY NEED TO DO....THEY NEED TO MAKE BIG DECISIONS AND CAN'T.

IF S IS NEEDED TO MAKE THIS HAPPEN, HE SHOULD COME BACK AND MAKE IT HAPPEN.

SEEMS LIKE THE COUNTRY IS IN NEED OF THIS.....EVERYONE KEEPS SAYING I NEED THIS BEFORE I DO THAT.....SEE WHERE IT IS GETTING YOU?

THE WINDOW OF OPPORTUNITY IS CLOSING PEOPLE!!!

"THE COUNTRY HAS NO LIQUIDITY"...."THEY HAVE TO DO THIS MR"....HOW MANY TIMES HAVE WE HEARD THAT????

THE TIME IS NOW!!!!! OR YOUR GONNA MISS IT...IMO

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dnari131
 ECONOMY War-torn Iraq dealt junk 'B-' rating by S&P8 hours ago   URL Twitter

It only takes analysts with Standard & Poor's a few short words to explain their junk rating on Iraq: it "faces security and institutional risks that are among the highest of all rated sovereigns".

The New York-based rating agency assigned the Republic of Iraq a 'B-' foreign currency rating on Thursday, deep within speculative territory, as the country's ongoing war with Isis and a steep slide in oil prices present significant risk to investors.

Economic activity in Iraq, which also earned a stable outlook from S&P, is expected to rise 0.3 per cent this year before advancing more than 5 per cent over each of the next three years, buoyed by large oil reserves.

The rosy economic forecasts are based on an increase in oil production, which S&P estimates will reach 5m barrels per day by 2018, compared to roughly 3.1m barrels per day last year.

Nonetheless, analysts with the rating agency said:

The rating on Iraq is constrained by its war with the Islamic State of Iraq and Syria; political institutions that are in an early stage of development; and sectarian divisions between the Sunni, Shia, and Kurdish ethnic groups.

The rating action comes as policymakers in Iraq plan to meet prospective investors for the country's first international debt sale since 2006, as the government attempts to stabilise its finances.

Credit ratingsEconomySovereign bondsMiddle EastIraqStandard & Poor'sS&P

http://www.ft.com/intl/fastft/386861/iraq-dealt-junk-b-rating-sandp

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Walkingstick:  The central bank plans to put up a large gold bullion weights to sell to citizens

Editor: AB, BS 2015/09/04 12:25
Picture
A source at the Central Bank, on Friday, that the bank plans to launch a large gold bullion weights to sell to citizens through private banks, as he emphasized that this comes after public demand to buy bullion previously put forward by the Bank, which was smaller weights.

The source said in an interview for the (long-Presse), said that "the Iraqi Central Bank already put gold bullion with weights ranging between (5-50) and 24 g caliber for private banks in order to sell them to citizens."

The source, who asked not to be named, said: "alloys that have been put forward previously met with popular among the citizens and achieved good sales compared to the quantities offered," noting that "the bank therefore decided to put great weight alloy."

The source pointed out, that "the weights that will be put forward is (100 250 500 1000) g, and 24 caliber," pointing out that "the mechanism put these alloys will be similar to previous mechanisms of sale, where it will be sold to private banks to be able are sold to citizens according to simple mechanisms to enable any citizen of easily buy them, according to a simple margin on the price of the alloy does not exceed the 1%, which represents a cost the administrative line with the Bank's policy. "

The central bank revealed, about two months ago, in an agreement with one of the largest SEC companies bullion global Stamping gold bullion from the weights (5.10, 15.20, 25 and 50) g, caliber 24, and put up for sale through banks and through its epicenter in Baghdad For employees, while the banks called for the submission of requests to buy the quantities that you want for its own account or on behalf of the public, select the sale price on the basis of cost plus 1% as a download manager.   LINK
S&P Assigns ‘B-/B’ Ratings To Republic of Iraq; Outlook Stable
September 4, 2015   By Bloomberg

Press Release: S&P Assigns ‘B-/B’ Ratings To Republic of Iraq; Outlook Stable

The following is a press release from Standard & Poor's:

OVERVIEW
-- In our view, Iraq faces security and institutional risks that are among
the highest of all rated sovereigns--stemming primarily from its war with
ISIS--as well as significant fiscal and external pressures due to the sharp
fall in oil prices in the second half of last year.

-- However, Iraq benefits from massive oil reserves and high oil exports.
Projected large increases in oil production will, in our view, support economic
growth and help alleviate fiscal and external pressures over the medium term.

-- We are assigning our 'B-/B' long- and short-term foreign and local
currency sovereign credit ratings to Iraq.

-- The stable outlook is premised on our expectation that fiscal and
external deficits will not worsen beyond our forecasts and that the war with
ISIS will be contained.

RATING ACTION
On Sept. 3, 2015, Standard & Poor's Ratings Services assigned its 'B-'
long-term foreign and local currency sovereign credit ratings on the Republic
of Iraq. The outlook is stable. At the same time, we assigned our 'B'
short-term foreign and local currency ratings. The transfer and convertibility
(T&C) assessment is 'B-'. Iraq is the 130th sovereign rated by Standard &
Poor's.

RATIONALE
In our view, the rating on Iraq is constrained by its war with the Islamic
State of Iraq and Syria (ISIS); political institutions that are in an early
stage of development; and sectarian divisions between the Sunni, Shia, and
Kurdish ethnic groups. ISIS controls large areas of the north and west of the
country including Iraq's second-largest city, Mosul. Nevertheless, crucially,
over 85% of Iraq's oil fields and production are located in the south of the
country close to Basra, the main port for crude exports. These are
Shia-controlled areas at some distance from the fighting. Our rating assumes
that the government will remain in control of these assets. They are the key
supports for the rating.

Iraq has the world's fifth-largest proven crude oil reserves and is the
second-largest oil exporter in the Organization of Petroleum Exporting
Countries (OPEC). Oil dominates the Iraqi economy, contributing over 90% of
government revenues and more than 95% of exports.

Iraq elected a new government, and in September 2014 Haider Al-Abadi took over
as prime minister. Mr. Abadi is viewed as more inclusive and secular in his
approach than his predecessor, which could help ease ethnic tensions. In
addition, Mr. Abadi has planned significant reforms including cuts in the size
of government.

After a contraction of 2.2% in 2014 and an estimated 0.3% growth in 2015, real
GDP growth is expected to rise to an average of 5.7% from 2016-2018, largely as
a result of the expansion of oil production. We think that Iraq's oil
production will reach about 5 million barrels per day (b/d) by 2018 (with
exports of about 4.5 million b/d), compared with around 3.1 million b/d in
2014. We expect domestic demand will remain weak for at least two years owing
to the war against ISIS and general societal uncertainty.

Military and humanitarian expenditure related to the ISIS war and the decline
of oil prices have hurt public finances. We project the general government
fiscal deficit will reach 18% of GDP in 2015 and 12% of GDP in 2016 from a
deficit of 5.5% of GDP in 2014. The widening deficit is planned to be partially
financed by up to US$6 billion in external borrowing, and by domestic issuance
taken up by state-owned banks. We note that the Iraqi government has recently
been able to get international financial support and access to funding from
multilateral institutions. For example, the IMF recently approved a "Rapid
Financing Instrument" of about US$1.24 billion.

We project that general government debt will average 65% of GDP in 2015-2018,
up from about 39% of GDP in 2014. Iraq's debt load previously benefited from an
80% haircut that the government negotiated with its Paris Club creditors in
2003-2004.

Iraq's current account has typically run a surplus owing to Iraq's large oil
exports. However, we expect the current account balance to fall into deficit in
2015 because of the sharp drop in oil prices. We forecast Iraq's current
account deficit to average 3% of GDP in 2015-2018, compared with an average
surplus of 10% of GDP in 2011-2014. We forecast narrow net external debt at
about 9% of current account receipts (CARs) during 2015-2018, and we estimate
average gross external financing needs as a percentage of CARs and usable
reserves at about 76%.

Inflation currently remains low, with consumer price inflation in the low
single digits (approximately 2.2% in 2014). We expect that the Central Bank of
Iraq (CBI) will maintain the dinar's peg to the U.S. dollar, albeit with minor
fluctuations
. While this has helped control inflation, the peg limits the CBI's
monetary flexibility.


OUTLOOK
The stable outlook reflects our expectation that fiscal and external deficits
will not worsen beyond our forecasts and that the war with ISIS will be
contained. It also incorporates our forecast of a return to strong growth from
2016 onward owing to the projected increases in oil production and oil exports.
We could lower the ratings if these assumptions do not hold.

On the other hand, we could raise the ratings if Iraq's security situation
improves significantly and, with it, Iraq's public finances.


http://www.ibloomberg.net/s-outlook-stable-79/
 

DINAR IRAQ & DONG VIETNAM UPDATE, 4 SEPT

Dinar Iraq and Dong Vietnam :Article quote – “reducing the central bank sales of the dollar and make it in the field need the truth to the citizens as well as international bonds to be issued by the central bank and the $ ten million dollars will provide Iraq’s hard currency and thus will protect the Iraqi dinar from fluctuations in the currency.”
THE CONFIDENCE IN THE DINAR IS OBVIOUS AND THEY HAVE CONFIDENCE IN THE RESULTS FROM THE BOND SALES…THEY WILL BE HERE IN THE US MONDAY DISCUSSING/ PROMOTING… CBI GOVERNOR WILL BE HERE MONDAY AS WELL.
[The bonds…doesn’t the dinar need to be revalued first?]
THE BONDS THEY ARE DISCUSSING ARE BACKED BY THE DINAR SO IMO THE BEST IDEA WOULD TO HAVE A CALCULATED REALITY VALUE FOR THE DINAR BUT WE HAVE TO WAIT FOR THE INK.
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Economist Basil al-Obeidi, on Wednesday, discuss a plan to protect the Iraqi dinar declining and volatility of exchange rates.
Obeidi said in a special statement to the Information Agency that “reducing the central bank dollar sales as well as international bonds to be issued by the central bank will provide Iraq with hard currency and thus will protect the Iraqi dinar from fluctuations in the currency.”
He added that “the decline of the dinar is linked to oil price fluctuations. If the price of oil has not seen remarkable stability in the stock market cause currency to fall.”
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Iraqi Dinar 123 News:– A member of Iraqi Parliament’s Economic and Investment Commission Najiba Najib issued a statement that there is not any kind of fear on Iraqi dinar currency against most of the major foreign currencies. She added in her statement that Iraqi dinar currency is getting stronger as the current price of Iraqi dinar is at 1200 Iraqi dinars per one U.S dollar or near to it. So, there is not any kind of threat for Iraqi dinar currency against a number of major foreign currencies.
About the 2016 budget that Iraqi Finance Ministry is managing everything related to the expenditure and revenues, but the Ministry hasn’t yet evaluated the oil price in the budget, because the reform package not completed the task in finding the problems that reduced the oil price in the budget 2015.
The Iraqi Prime Minister Haider Al Abadi also said on 17th of August that Iraqi dinar currency has powerful strength because of our reserves of hard cash, although it is now dropping, but Iraq has the ability and potential because we also have a large amount of oil reserves. He added that there is not any threat in the Iraqi dinar exchange rate against the U.S dollar and we will deal with Iron hands to currency conspirators. It has been announced on 28th August by a Parliament’s Finance Committee member that all the requirements have been completed for the delivery of corrupted files for public prosecution on money laundering and funds transferring abroad.
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