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Friday, March 24, 2017

BACKDOC UPDATE, 24 MARCH

KTFA:

Backdoc:  Article: Documented: Names of Qaeda leaders linked to Iran

I LOVE TO SEE THE DISTINCTION HERE OF INDIVIDUALS VS. THE COUNTRY OF IRAN.  IT APPEARS THAT THE FOCUS WILL BE TO GO AFTER THE TERRORISTS VS. THE COUNTRY.

OF COURSE THE WEST IS GOING TO PUT SERIOUS PRESSURE ON IRAN TO COOPERATE IN THE EDITING OF THESE TERRORISTS.

TIME WILL TELL WON'T IT?   PLAY NICE OR BE EXCLUDED FROM THE INTERNATIONAL COMMUNITY!

DOC   IMO
....
Samson:  India looking for new Iran trade payment fix

India Wed Mar 22, 2017 6:20PM

India's Prime Minister Narendra Modi visited Tehran last May for talks over the expansion of bilateral trade as well as other topics of mutual interest

India is reportedly working on a new payment mechanism for trade with Iran after indications emerged that the previous one may soon lose its efficiency.

The previous mechanism involved a barter-like scheme that allowed India to make some oil payments to Tehran in rupees through a small state bank, UCO Bank.

The same bank was used to make rupee payments to Indian merchants for their exports to Iran. The payments were made from the money that New Delhi owed Tehran for previous oil purchases and had been deposited over time at UCO.

However, recent indications show that the deposit of rupees at the bank for previous oil purchases from Iran was already running dry, Reuters reported.

Since sanctions were partly lifted early last year the rupee account has been run down by more than 90% to just Rs2,000 crore ($305 million) because Indian refiners have resumed paying for Iranian oil in euros, the news service wrote in a report on Wednesday.

Whilst the federal government and central bank have approved oil payments in euros — which Iran prefers because the currency is readily convertible — they have not given the all-clear for trade in the opposite direction to be settled in other currencies, leaving exporters stuck.

“We are working on a mechanism through euros and looking for a common correspondent bank in Europe to act as an intermediary for India and Iran,” Reuters quoted R.K. Takkar, chairman of UCO Bank, as saying. “The euro payment system has not yet crystallized,” he said, adding the government was working to find a solution.

http://www.presstv.ir/Detail/2017/03/22/515280/India-looking-for-new-Iran-trade-payment-fix

BACKDOC:  THE DELAY NOT ONLY AFFECTED IRAQ BUT ITS SHIA BROTHER AS WELL. (Iran)

WE'VE KNOWN FOR ABOUT TWO YEARS NOW THAT OZ WOULD ALLOW IRAN TO SELL ITS UNIVERSAL CURRENCY "BLACK GOLD," IN EUROS AND JAPANESE YEN FROM PREVIOUS ARTICLES.  

THE BARTERING PROCESS IRAN HAS BEEN USING IS COMING TO AN END.

THE "NEW MECHANISM" REFERRED TO HERE WILL BE A SINGLE PAYMENT SYSTEM APPROVED TO SETTLE IN EUROS AND YEN.  YES, THE TWO SHIA BROTHERS ( iraq and Iran) HAVE BEEN DELAYED IN THEIR NEW INTERNATIONAL PAYMENT SYSTEMS BUT THAT WILL COME TO AN END SOON.  

IRAN HAS BEEN TOO CHATTY IN THE PAST AND THEY NEED TO COMPLY WITH THE WEST ON THE TERROR FRONT AND GIVE UP THE BAD GUYS OR THE WHOLE COUNTRY WILL BE RIGHT BACK WHERE IT STARTED.  

BASED ON THE ADDITIONAL ARTICLES THAT I HAVE STUDIED, I BELIEVE ALL IS ON TRACK FOR BOTH SHIA BROTHERS.

WITH THE IMF GIVING THEIR BLESSINGS ON IRANS' FINANCIAL STABILITY I BELIEVE THEY WILL STAY ON TRACK AS LONG AS THEY COOPERATE ON THE TERROR FRONT.  ANY SLIP-UPS AND THEY WILL BE ISOLATED AGAIN.   CURRENTLY IRAN IS BEING PAID IN EUROS AS THEY STATE HERE.
 

OBVIOUSLY THEY ARE CURRENTLY NOT ALLOWED YET TO HAVE ACCESS TO THEIR SINGLE PAYMENT SYSTEM.

IT APPEARS THE TWO SHIA BROTHERS HAVE HAD A SIMILAR DELAY?  MMMM


DOC   IMO

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