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Wednesday, August 9, 2017

KTFA UPDATE, 9 AUGUST

DELTA:  HELLO FAMILY:

LAST TIME I GAVE YOU TANZANIA AS AN EXAMPLE TODAY I WILL BRING YOU VIETNAM.

Press Release: Vietnam Accepts IMF's Article VIII Obligations

January 5, 2006
Press Release No. 06/02

The government of Vietnam has notified the International Monetary Fund (IMF) that it has accepted the obligations of Article VIII, Sections 2, 3 and 4 of the IMF's Articles of Agreement, with effect from November 8, 2005.
Under Article VIII, Sections 2, 3 and 4, IMF members undertake not to impose restrictions on the making of payments and transfers for current international transactions, and not to engage in, or permit any of their fiscal agencies to engage in, any discriminatory currency arrangement or multiple currency practice, except with IMF approval.

A total of 165 of the IMF's 184 members have now accepted the obligations of Article VIII, Sections 2, 3 and 4.
....

By accepting the obligations of Article VIII, Sections 2, 3 and 4, Vietnam signals to the international community that it will pursue economic policies which will make restrictions on the making of payments and transfers for current international transactions unnecessary, and will contribute to a multilateral payments system free of restrictions.   DELTA (wink)
SeaBass:  WOW, WOW, WOW AGAIN.
POINT BEING: Announced and retro active to a specfic date .....
What is being indicated about IRAQ ???
Who has ears to hear what is being indicated???
I SO HOPE SO !!!!!
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JoniRV:  On CBI website, can anyone translate?      https://cbi.iq/news/view/349

DELTA:  CBI MEMO TO IRAQ BANKS NOT TO DEAL WITH N KOREA BECUASE OF UNSC SANCTIONS !!!

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JesusLovesBaseball:   Not a perfect translation but decent:

CBI:   https://cbi.iq/news/view/350

August 09, 2017

Banks are all inclusive

Financial transfer companies

Companies 1 to broker and sell foreign currency

Individuals and networks engaged in fraud, extortion and fraud were allegedly charged with having a certain influence on officials or employees of the police central bank . Or attempt to pass certain transactions on boxes, documents and forged books

We confirm that all claims made by the applicant are null and void and that the reporting office must be informed immediately

The person or group 1 and the management of the Bank and its employees at all levels, like them or on their behalf or mediated by any important person

They are connected with them (if true) and the central bank does not take care of the fraud and fraud,

Legitimate as well as what is required of caution and caution and the investigation of the validity of claims and documents

Please inform all your employees of what has been reported and report through the Special Agent in the Governor's Office.

with respect
Governor of the Bank of Iraq
Bank Center: Al-Rasheed Street, Baghdad, Iraq

JJonesmx:  Ok so..... why would the CBI have orders, to not play with international banks...... Unless......
Wait a second …….They must be international them selves NOW...
Something to think about... imo..    Blessings to you   *JJ*
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PappaJ:  may day, may day= this is federal reserve 1 losing my engines= crash immanent !!!  roger that will send out new digital 1 to rescue survivors!!!!!!!

Samson:  Basra Council is discussing today the abolition of petrodollar allocations

 Politics, security and economy  Wednesday, 9 August 2017 - 09:00 p

 The Basra provincial council on Wednesday, an extraordinary session to discuss the issue of the general budget and the federal government to cancel allocations petrodollar revenue of 5%.

Council member Anwar Majdal al-Ajoudi said in a statement to Al-Marbad radio that today's session will be devoted to presenting and discussing this file, while she expected that the file will be discussed in the presence of members of the House representing the governorate, the political council, and tribal representatives.   LINK

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Samson:  Abadi: countries of the world began to trust the Iraqi economy 

 8th August, 2017

Prime Minister Haidar al-Abadi said on Tuesday that the world's countries have begun to trust the Iraqi economy after the economic and administrative reforms that have raised its credit rating globally.

"The formation of the Higher Committee for Investment and Reconstruction has increased investment activities despite the existence of bottlenecks in some joints of the economy as a result of red tape and corruption," Abbadi said at the weekly press conference attended by "Economy News." He added that "the committee contributed to supporting investment and stimulating the non-oil economy."

He pointed out that "large countries are showing daily their desire to invest in Iraq despite the war it is waging to expel gangs," adding that "the countries of the world began to trust the Iraqi economy after the economic and administrative reforms that raised the credit rating of the country

http://economy-news.net/content.php?id=8644

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Samson:  Abadi: Iraq sold treasury bonds without any external support

 8th August, 2017

Prime Minister Haidar al-Abadi said on Tuesday that Iraq has for the first time sold treasury bonds without any external support.

"Iraq has put up $ 1 billion in treasury bonds a few days ago without any external support," Abadi told the weekly news conference, which was attended by "Economy News". He added that "requests to buy the Iraqi bond are very large, although the interest rate is 6.7%."

He explained that "Iraq launched two years ago treasury bonds to support its budget, but the requests were weak and the interest rate is very high 11.5%," noting that "the government is working to provide an environment conducive to investment

http://economy-news.net/content.php?id=8645
Samson:  Rafidain pays the salaries of employees of state departments

 9th August, 2017

Rafidain Bank announced on Wednesday the disbursement of salaries of employees of some departments and state institutions.

The bank's information office said in a statement that "the bank has launched the salaries of employees of the Ministry of Industry and Minerals - sugar factory and the Ministry of Higher Education and Scientific Research - the presidency of the University of Nineveh and the Ministry of Oil - the Arab Company for Detergent Chemicals."
 

He pointed out that "the disbursement was made through one of the electronic payment tools, after the arrival of sukuks of their amounts from their departments."

http://economy-news.net/content.php?id=8646

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Don961:  Municipality of Mosul announces the distribution of salaries of its employees tomorrow

 18 hours ago  economy  20 visits

Nineveh province on Tuesday decided to begin distributing the salaries of the Mosul municipality on Wednesday.

"Nineveh governor Nawfal al-Aakoub agreed to pay municipal workers on Wednesday," a source in Nineveh province said.

"The workers of the municipality have not received their salaries for three months in Mosul after the transfer of the transfer by the ministry from the municipality of Mosul to the province administration."

The source said that "the salaries of two months will be distributed only to employees of contracts of workers and other employees who did not receive salaries."

http://waradana.net/link

BlaqueBeauty:  …..will this be the 1 to 1 salaries?...

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Samson:  The Iraqi Trade Bank: The global market has begun to trust the future of Iraq's economy

 9th August, 2017

The Iraqi Bank of Commerce announced on Wednesday that the global market began to trust the future of Iraq's economy after the issuance of the country's bonds worth one billion dollars.

The Iraqi Bank for Trade in a press statement received "the economy News" a copy of it, "The issuance of bonds issued by Iraq worth one billion US dollars in the global market exceed several billion and strong requests exceeded seven times the amountrequired."

He added that "the Iraqi Trade Bank announces the success of his participation as director of issuance in the process of international public offering of the Iraqi Republic for the first time, where the Iraqi government issued bonds worth one billion US dollars in the global market for five and a half years and a price of 100% and a return of 6.75%.

"Citibank, JPMorgan and Deutsche Bank have been key managers in the bond issuance process. The Iraqi Trade Bank has participated as co-manager," he said, noting that "the bond was rated B-Stable by companies Fitch Ratings and S & P. ​​Bonds are also expected to fall within the Irish stock market. "

He pointed out that "the Iraqi government has organized with the banks that manage the issuance of bonds a number of comprehensive offers in London, Boston and New York and received a positive attention by investors from global investment funds, and proceeds of the IPO value of what was on the market more than seven times the amount required "He said.
"We are honored to be the co-directors of the $ 1 billion bond issue for the first time by the Iraqi government," Faisal Al-Hims, director of the Iraqi Trade Bank, said in the press release.

"We are pleased with the positive result we have received from the global capital market,where the proceeds of the subscription exceeded several times what was on thetable, reflecting the confidence of the global capital market in the economic future of Iraq

http://economy-news.net/content.php?id=8653

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