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DINARESGURUS.BLOGSPOT.COM_________________ _______

Wednesday, October 11, 2017

DA CHAT, 12 OCT

Kaperoni  Moderator:  Iraq announces the issuance of international electronic payment tools

Since 10.11.2017 at 10:05 (Baghdad time)  Baghdad balances News

Rafidain Bank announced Wednesday, for issuing one of the electronic payment tools (MasterCard) international staff, retirees and citizens and other segments of society.

The Information Office of the Bank said in a statement received / scales News / copy of it, "For the first time the bank instructed its branches to issue electronic payment instruments (MasterCard), employees, retirees and citizens and other segments of society."
 ...
The Office added that "these tools are used inside and outside Iraq and be accepted at all ATMs associated with the network MasterCard, in addition to the POS."

He pointed out that "advances and loans granted to employees be through these cards and localization of their salaries electronically" .anthy 29 / A 43

LINK  

--Today's pizza...sausage, green peppers.


Kaperoni   Moderator:   Iraq announces issuing MasterCard International card for employees and citizens

11/10/2017  Economy News _ Baghdad

Rafidain Bank announced Wednesday, for issuing one of the electronic payment tools (MasterCard) international staff, retirees and citizens and other segments of society.

The Information Office of the Bank said in a statement, "Economy News" received a copy of it, "For the first time the bank instructed its branches to issue electronic payment instruments (MasterCard), employees, retirees and citizens and other segments of society."

The Office added that "these tools are used inside and outside Iraq and be accepted at all ATMs associated with the network MasterCard, in addition to the POS."

He pointed out that "advances and loans granted to employees be through these cards and localization of their salaries electronically."

http://economy-news.net/content.php?id=9341
--Today's pizza...sausage, green peppers.

Punisher:   Major push for this. They are getting it done.
--"The Guilty Will Be Punished"

Prosper:  Thanks Kap

ZenMav:    Wow.... Inside and outside Iraq. And the banking conference in New York is this weekend, no?

--POLITICS, n. A strife of interests masquerading as a contest of principles. The conduct of public affairs for private advantage.” - Ambrose Bierce


Kaperoni   Moderator:  Yes, and the IMF conference starts also
--Today's pizza...sausage, green peppers.

Justwaiting:   Encouraging !!!
--It’s the possibility that keeps me going, not the guarantee

Kw:   This is good news for sure

Punisher:  kaperoni at October 11, 2017 at 4:07 PM:  Yes, and the IMF conference starts also

Punisher:   Words like ""For the first time" and ""these tools are used inside and outside Iraq and be accepted at all ATMs associated with the network MasterCard" Shows they are in preperation mode to be taken seriously internationally.

This goes with what you said yesterday Kap here

http://dinaralert.webs.com/apps/forums/topics/show/13454519-experts-we-demand-a-greater-role-for-industrial-and-banking-sectors-in-iraq
--"The Guilty Will Be Punished"

Dinarful:   I'm getting excited again

http://dinaralert.webs.com/apps/forums/topics/show/13454599-iraq-announces-the-issuance-of-international-electronic-payment-tools

******************
Kaperoni   Moderator:   Iraq has made a major breakthrough in the launch of foreign bonds

10/10/2017 0:00   BAGHDAD / Tariq al- Araji

expressed the Central Bank of Iraq is ready to launch foreign treasury bonds in the event of 2018 next year 's budget required after the central has achieved great success in the launch of the previous foreign bond through global confidence gained in dealing with Iraq , revealing the bank 's reserves of hard currency rise compared with the previous year.

Central Bank Governor Dr. Ali Keywords said that the launch of such bonds may have a positive impact on the central bank 's reserves , considering that the amounts received in foreign currency, and if they do not have a positive effect Econ have a negative impact, because in exchange for bonds that are in dollars , the Ministry of Finance to transfer to the dinar by The Central Bank shall be neutral status, and there is no negative effect , but a positive, because it is central to strengthen reserves , which is an agent of the government and thus manages operations. Positive indicators
He said the "morning" that the launch of the bond decision is not by the government through the general budget because it Attaleg except by law, and there are positive indications in the case of the need to issue such bonds, and there is a successful experience if you decide in the budget for the year 2018 that there are foreign bonds.

Among Keywords that the central bank has succeeded in performing its duties through the internationally known indicators by the rate of inflation and to maintain the exchange rate and reserves.

He said there has become a state of adjustment of the financial situation of the country, there was a shock in 2016 is difficult to adapt to them directly, so the central bank has tried to bridge the gap and deficit big shortfall, in order to absorb this shock by playing the role of the foundation in coordination with the government to overcome this shortfall massive and great resources, and was able to conduct a discount remittances treasury very large amounts now with the case of adjustment and the measures taken by the government to control expenditures and increase local revenues and not to resort to the central bank so far this year to buy money orders treasury or other.

Oil prices improved and stressed Keywords that the central bank helped maintain the level of reserves that did not fall during 2017 compared to 2016, and has been an improvement in oil prices as a catalyst as well as reducing government expenditures for non - recourse government to the central bank to buy money orders treasury , although this was in budget and that the law is part of the deficit is covered by the purchase of the Central Bank Treasury transfers , but until now the government did not resort to this option.

He stressed that the central bank now reserve up to 48 billion and the last year fell to 45 billion, so this level of inflation and reserves measured now by international standards as comfortable reserves for Iraq compared to the local currency, and this was the superiority of the IMF forecast for reserves of more than $ 7 billion increasing expectations and estimates of the Fund.

External financing One of the options noted Keywords that recourse to external financing is among the options presented in the deficit, the fact that the internal domestic debt volume reached high levels are difficult to expand,

 because it affects the liquidity of the banks that are buying part of the treasury transfers and options to cover deficit and what is being discussed with the present or to decide the size of the possibility of external financing through the issuance of international bonds issued in the future encouraging the large turnout is not specified in the demand ,

which was on the bonds provided by Iraq , which amounted to six or seven times the amount required size in addition to the number of Large institutions important international banks requested an increase in the amount of the bond, but the amount within the specified general budget of the state.

http://www.alsabaah.iq/ArticleShow.aspx?ID=145701

--Today's pizza...sausage, green peppers.


monty.monks.007:          So the CBI reserves have increased by $3 billion ! Interesting .

Punisher:   This is the second such confirmation of this regarding the reserves. A couple months ago articles also stated such.    --"The Guilty Will Be Punished"


Mike  Moderator:  Maybe one of our bond guys can jump in and explain how the CBI is booking these bond sales. It doesn't take a rocket scientist to know that if you spend $90 billion on revenues of $60 billion the chances of putting money away in reserves is virtually nil. Here's the thing, why isn't the CBI transparent about their reserves? If anything, I'd like to here this news from the IMF/WB, not Keywords, I mean, look at the below statement and ask yourself, does this guy know what he's talking about?

Central Bank Governor Dr. Ali Keywords said that the launch of such bonds may have a positive impact on the central bank 's reserves , considering that the amounts received in foreign currency, and if they do not have a positive effect Econ have a negative impact, because in exchange for bonds that are in dollars , the Ministry of Finance to transfer to the dinar by The Central Bank shall be neutral status, and there is no negative effect , but a positive, because it is central to strengthen reserves , which is an agent of the government and thus manages operations. Positive indicators

What he's saying is the MoF is receiving dinars from the CBI without having to give petro dollars to them first, they're using the bond sales to "buy" dinars and give them to the MoF for salaries and other internal, dinar related expenses. They're printing money and counting the bond revenues as a positive and "increasing" the reserves. It's a shell game. In the end, Iraq is going to have to pay back the money for the bonds, with interest. --Stay grounded... 

Shengwah:   I don't trust anything Keywords says either, Mike. Those statements about how much the CBI has in reserves can be misleading. If I have $60 billion in reserves, and I "loan" $20 billion to the GOI, that "loan" will still show as an asset, as opposed to if I "give" the GOI $20 billion.

Keywords is a Maliki stooge, appointed by Maliki, and Abadi never removed him. Absolutely nothing has really changed since the Maliki days. I would not be surprised, if the CBI was audited, there were little to no reserves left at all.

--'Against stupidity, the gods themselves contend in vain.' Schiller

Kw:   Keywords may have been talking to Penn and Teller. That being said, people who buy a bond pay for it upfront, with the hopes of return. Bonds are issued by governments and corporations when they want to raise money.

By buying a bond, you're giving the issuer a loan, and they agree to pay you back the face value of the loan on a specific date, and to pay you periodic interestopens a layerlayer closed payments along the way, usually twice a year.   Maybe that is how the reserves have gone up


Mike  Moderator:   Exactly Shengwah. Agreed kw, it's a push, yes it's an asset but at some point the money has to be repaid, which will conversely affect the reserves.

Transparency is what I want, they've gone so far as to not even publish the market rates, that info is now coming from the markets, not the CBI. --Stay grounded...


ZenMav:   Here's a great routine from You Tube, a famous skit by Abbot & Costello called "Loan Me 50 Cents". I have a funny feeling that this is how the CBI is operating.

https://m.youtube.com/results?q=loan%20me%2050%20cents&sm=1

http://dinaralert.webs.com/apps/forums/topics/show/13454375-iraq-has-made-a-major-breakthrough-in-the-launch-of-foreign-bonds

Abadi "As promised this year we will complete full liberation"

DINAR GURUS UPDATE, 11 OCT

10-11-2017   Newshound Guru Adam Montana   Lots going on right now. I’ll say one thing for all the rumors… they may not seem to get the “dates” right, but when there’s buzz on all the rumor sites...it is usually right in front of a big event.   ...Before Chapter 7, there was a crazy amount of hype. You all know I temper my posts, in an effort to keep people grounded, but even I got pretty excited about that event.  It was a major milestone, and a significant key to Iraq’s progress.  The rumor sites all promised an RV at that time, and it was certainly a possibility, but we all know it wasn’t a certainty.  [post 1 of 2....stay tuned]

10-11-2017   Newshound/Intel Guru BGG 
   Article:  "Issuing arrest warrants against the president and members of the commission supervising the referendum"  Quote:  "Al-Rusafa Investigation Court on Wednesday issued arrest warrants for the president and members of the Kurdistan Regional Commission (KRG), which oversees the referendum, in violation of the decision of the Federal Supreme Court."  ...note how it refers to the KRC as the (KRG)… implying this is Barzani they have issued an arrest warrant against.  (and probably Karim – not good for him to have been snuggling up to the current KRG)

10-11-2017   Intel/Newshound Guru payray   Article:  "Cabinet allocates three billion dinars for electricity projects"  And the building, and upgrading continues...Loans being used to ensure their success... LOANS... These countries expect their investment to have a return... They know it will be... And so should we... There is only one way this will occur... And we know, and they know what this will be as well...

10-11-2017  Newshound Guru Breitling People are investing in the dinar just like me but they are pretending and going about their business as if it’s going to happen tomorrow.  So what if it happens tomorrow?  I’m not saying it’s not.  But they’re betting on it.  In fact it’s part of their budget.  You guys…No.  No.  That’s the worst thing you could do…until you have that money it is not real…So just have your game plan in front of you and your head in the game correctly.  What an opportunity.  love the dinar.  It’s a great opportunity.  I love being in it…I made a killing off the ISX and I think I’m going to make a killing of the dinar also… 

10-11-2017   Intel Guru Bruce   We know the dinar was at $3.22 for quite awhile as a lead up to the Gulf war.  We know that the reinstated rate that we heard about was at $3.71.  Iraq has been operating in country on their Qi cards, pre-paid debit cards, at that rate or higher for many months now. This rate from my understanding I think will be additional amount for the CBI rate. I don’t think it will stay at that rate. I think it will be higher. I don’t know when that rate will be known to us exactly.  We do not know that, but we don’t think it will be very much longer before that will show. From a prospective of Iraq, they have been approved by the IMF for this new rate. This afternoon [Tuesday] I got confirmation of that.  In terms from where we are, we are almost there.  I think we are in a great place.  [post 1 of 2]

10-11-2017   Intel Guru Bruce   We were rolling right along, going along fine expecting this to go, and we had an interruption...in effect it was a slight delay.   There were (3) distinct meetings yesterday [Monday] in this country, but in Iraq there was another meeting going on with the Iraqi Parliament and the IMF was in attendance, and Alak, the new CBI director of the Central Bank of Iraq. It was good. They may have passed legislatively what the Parliament needed to do. They met with some agreements that needed to be sign at the closest IMF office which was at Jordan. The IMF and Alak came to Jordon to handle those documents to get those done. My understanding was the net result of that meeting yesterday, those two meetings, today is...the IMF has approved Iraq’s reinstated rate for the dinar.  [post 1 of 2....stay tuned]

10-11-2017   Newshound Guru Kaperoni   Article Quote:  "The government is currently preparing to launch its plan for sustainable development for the years (2018-2030), a vision refers to giving a clear and essential role of the private sector in all fields, and certainly the funding area is the foundation."  I've said it before, until they open up the banking system to the world, there is no private sector.  Looks like they might be moving towards that soon...

10-11-2017   Newshound Guru Aggiedad77   Article: “Improving the business environment in Iraq”  Coming to an Iraq we all know and love...IMO the BEST is coming get ready for it...oh BUDDY get ready for a change in our lives like none we have ever imagined......excited doesn't even begin to touch.

Restored Republic via a GCR Update as of October. 11 2017

The big Call w/bruce INTEL ONLY

THE BIG CALL NOTES, 11 OCT

THE BIG CALL WITH BRUCE TUESDAY, OCTOBER 10, 2017, INTEL ONLY
TRANSCRIBED BY PINKROSES

Bruce:  Welcome Everybody to the Big Call. I was getting the word I would be getting this phone number last night. I think I would have except that the automatic timer that we had been on was halted or interrupted at 6:00 pm PST yesterday. We were rolling right along, going along fine expecting this to go, and we had an interruption. I not going to call it a delay, but it in effect it was a slight delay.  They had to get some things handled today and evidently are being handled still and has been handled for the most part.

Bruce:  Iraq. There were (3) distinct meetings yesterday in this country, but in Iraq there was another meeting going on with the Iraqi Parliament and the IMF was in attendance, and Alak, the new CBI director of the Central Bank of Iraq. He was at the meeting as well. It was good. They may have passed legislatively what the Parliament needed to do. They met with some agreements that needed to be sign at the closest IMF office which was at Jordan. The IMF and Alak came to Jordon to handle those documents to get those done. My understanding was the net result of that meeting yesterday, those two meetings, today is the IMF has approved Iraq’s reinstated rate for the dinar.
Bruce:  We know the dinar was at $3.22 for quite awhile as a lead up to the Gulf war.  We know that the reinstated rate that we heard about was at $3.71.  Iraq has been operating in country on their Qi cards, pre-paid debit cards, at that rate or higher for many months now. This rate from my understanding I think will be additional amount for the CBI rate. I don’t think it will stay at that rate. I think it will be higher. I don’t know when that rate will be known to us exactly.  We do not know that, but we don’t think it will be very much longer before that will show.  I am not concern about that, the CBI rate, as much about knowing what our rate for the dinar is here in this country as a PNR, Privately Negotiable Rate, that will be seen at the Redemption Centers.

Bruce:  We talked in the past of about generalities about rates.  We do not get too specific because they do change. They go up and down.  In the case of the currencies of what most of us hold, the dinar has continually gone up slightly. Now the rate is at a very strong right. I am not going to go into it. It is way higher than we thought it ever would be, and one that will be available for us at the Redemption Centers when we get the 800 number to begin to set our appointments and go.

From a prospective of Iraq, they have been approved by the IMF for this new rate. This afternoon I got confirmation of that.

Bruce:  The other thing we seen happen is we had various stages of readiness at the Redemption Centers.  These are 7430 defined separate building office areas that are Redemption Centers throughout the United States and Canada. When it comes to those centers they had readiness that has gone from standby status to active status to red hot ready to go status. I think now we are in a standby status now at the Redemption Centers, but they can get completely in place in 6 hours or less. They were supposed to be on red hot alert this morning at 10am.  They may have been. It doesn’t matter because we weren’t ready to go at 10am this morning. They can go from standby to very active status in a very short period of time.

Bruce:  There are Call Centers throughout the United States. Some are called Primary Call Centers and some are called Secondary Call Centers. There is an amount based on the demographics and the knowledge of  Zim holders and other currencies throughout the United States.  They know basically how many are needed to handle the incoming calls that we will make. The Primary Call Centers will get the initial calls.  Then if you have Zim bonds to redeem and any other currencies as well, then you will be transferred from that initial call to a Secondary Call Center.  That Secondary Call Center will give you details about your exchange location, about your appointment, and time. A two step process, Primary Call Center and Secondary Call Center. 

Bruce:  Don’t confuse Call Centers with Redemption Centers. Two separate things. Two separate forms of notification. I got word little while ago that the Primary Call Centers were just notified to be on ready status at a specific time. I don’t know what the time, but they were just notified. I believe it to be very shortly the Secondary Call Centers will be notified as well. They will respond back within an hour. All a process that is getting ready for us. More than likely the Redemption Centers will be notified in a similar way and they will be available approximately the same time as the Call Centers will be to be available to handle our exchanges.

Bruce:  When I get the toll free number, the Call Centers will have to be in place for me to call and for you to call when you get the number. Once we call, very shortly thereafter or at the same time, the Redemption Centers have to be available for the appointments to start. So there is a process to it. I think I outlined it accurately. So they maybe at the same time reporting into work or the Call Centers may precede them shortly but not by a whole lot, half hour, hour max before the Redemption Centers are fully staffed.

Bruce:  There were major meetings going on yesterday.  Bankers had a meeting in New York.  A meeting in Dallas about gold,  the value and price of gold and how it will be utilized to be one of the  assets to back these currencies around the world.  My understanding was there was a call yesterday that went to about 9:30 pm last night that included possibly (9) different gold markets or (9) countries that were discussing the value of gold and how it would be utilized to back these currencies in more detail.  At that time the meeting discussed the possibility of tonight the central banks around the world to start aligning themselves tonight at midnight ESTand complete by noon tomorrow.  In this 12 hour period this whole process of the gold as an asset that would back these currencies around the world that is when that is suppose to occur. We can call it alignment, pinging, agree with, ready for that information is over in 12 hour period starting at midnight tonight.
Bruce:  If you put that in prospective, it would appear we are getting close to the reveal of this and the release of the toll free number.  I was told this number would be released last night. I didn’t get it last night. Maybe tonightor tomorrow will be different. I think with what has happened in Iraq yesterday and today, I think it pertains well for us moving forward.  I believe we still need certain parties that have been told time and time again that they are to be paid like core groups, Fines and Penalties, Farm claims, some of the groups they been told many times expect to be paid at night or a particular time or by this time or that time. That still needs to happen as far as core groups and SKRs need be handled slightly before the notification of the   Internet Group and Tier 4 goes out. I also feel those people be paid same time or slightly before the number goes out. The fact none of them has been paid yet, really even simple Ledger to ledger transfer of which we are talking about, tells me that they just can’t go forward until we are in process until Tier 4 goes. It has to go back to the concept nobody gets unfair advantage. The Chinese elders, I believe, wanted this to happen in a shotgun start matter so we all can start at the approximately the same time.

Bruce:  The timing. Today is the 10th, tomorrow is the 11th. I was told we would have 10 or 11 days at the Redemption Centers at these Privately Negotiable Rates.  This takes us to the 20th, 21st. I can see that be the end of our time frame at the Redemption Centers. Could the John Q Public start at that time, the 23rd, Monday? They would use the regular banks that do currency exchanges.  That is the process I believe that would unfold provided we get started here pretty soon.  Every time we get pushed out, that pushes out the John Q Public as well.  That is what we are looking at. I also believe we will hear some additional news in that time frame, the 21st, 22nd.  It could include introduction of Gesare, discussion of the TDA accounts, debt forgiveness, include a lot of things. Something I think we are going to look forward to.

Bruce:  The new 100 dollar bill was out for a day or so. Even at my own bank today I saw the new 100 dollar bill. I talked to them what was on the bill, the indications, that were in gold on the bill. The bill that is out now says Federal Reserve note still. This is a transition happening very slowly that people won’t even notice the changes. I believe the other bills will come out in like fashion over a period of time. So we may have some disclosure about our new currency or might not have it till the 21st, 22nd. It is very subtle.

Bruce:  Do we need an announcement from the Treasury, from Steven Muchin about our asset back currency? You would think so, but who knows when it will be made. The new 100 bill is out. These bills out indicates we are back and really on the gold standard again, asset back standard partially at least in the 40 to 42 percent range backed by gold. All the currencies around the world will be backed by assets.  It will give some of the currencies like Vietnam, Iraq, Iran, Indonesia, etc. will give them the value, like Zimbabwe value even compared to the US dollar.

Bruce:  Will the rates we see on the back screens now will stay or change?  My thinking is when we are done with our redemptions at the Redemption Centers, those rates will normalize and come back down for John Q Public. That is my opinion on it based on everything that I have heard.

Bruce:  In terms from where we are, we are almost there. I don’t know. I can’t call it.  It is not right for me to call it or even give rates, because rates change. The time timing of this change like last night. It didn’t come through like it supposed to.  We are not going to call it.  We will be ready for this to come through so when we do get the toll free number and I am able to put it out for you on our website: thebigcall.net and on bigcalluniverse.com  you will have it, and possibly an email blast if we are allowed to those who signed up to bigcalluniverse.com.

Bruce:  You can sign up and be on our email list. I will give the toll free number also to those I want to online. I want you to sign up at the web site so we can keep in touch with you for future calls, information on our plans for Big Call Universe, for plans for humanitarian projects like Rebuild America, Veterans Retreat Network. It is a way for you to stay in touch with us and feel you are still connected with us.  We do plan to take some time to get a lot of the structures built and put together so we can do pod casts on how you can participate with these two projects. We will rebuild America, the Caribbean, Puerto Rico, and all the islands that need help. We will help those areas who will have us directly rebuild homes, etc.

Bruce: I am excited where we are going. I want this to get started just like you are. I want you to take that month off and to enjoy it.  Get with your wealth managers, with your 2nd maybe 3rd appointments with them. Take a vacation and enjoy this.  If you are interested in a new home, if you need a new car.  You got things to do. You have to get with your CPA. Get with your attorneys about your trusts to add trustees, beneficiaries, etc. There will be stuff to have meetings over, things to do.

Bruce:  We want you to have a little bit of fun and feel you don’t have to do everything in a week or two. We want to stay focus and have a good plan. We all have agendas, a plan moving forward to execute put in place, put in position, and I know you guys will be in the same way as we are. There is appointments I have even to get my eyes looked at again, and get possibly some work done to see better. There is a lot for us to do. I do want to communicate with you possibly with pod casts. Then we will be able to put some things together.
Bruce: I do want some volunteers to be leaders in their state, town as we look to rebuild America.  I think we can do this with at least 5000 volunteers from the Big Call. We may have more people when they find out what we are doing, may want to jump in and help, but they may not have had the same blessing we had with the currencies. We will see how that goes.  It doesn’t mean I am opening this wide open for everybody. Not yet. It may end up being that way. It may end of catching fire. I am not going to be in the fore front.  I will not be in the front lines with this. I will be at least two or three layers of security protected. It is not really about me it is about the people we are going to help. So just realize that.  If I seem to fade in the background it is for security purposes, not that I don’t want to be part of it. You may have to think about your security also. We will probably have calls about security. Just keep that in mind.

Bruce:  I think we are in a great place. We have great Intel that came in today even though we were disappointed what didn’t come over night. We look forward to moving forward and get this exchange done, this redemption of Zim done.

Bruce:  Thank you everybody for coming in tonight.  Are we going to be here Thursday night?  I hope not.  If not, we will be here. We will see what happens. Stay positive. Stay in faith. Start working on your health and well being if you are not already are doing something now.  Let’s all be ready for this when it comes.

Bruce:  Thank you all the listeners that have come in all around the globe. Pinkroses, if you are still transcribing this for us, I appreciate that very much. Thank you for doing that for the community at large. We love everybody. We all want everybody to come together and work in these various areas. Thank you all for tuning in tonight. Thank you Sue, Bob, Pastor Steven, and Kent.  Good night everybody, and have a great night tonight. 

THANK YOU BIG CALL AND BRUCE, HUGSSS
 
NOTE:  Bruce, you are very welcome. It is my honor to be of service to Dinarland in this way. Many blessings to you and to all in Dinarland and to those we will shortly be able to bless and help in so many ways that are desperately needed.
Light, love and hugs,
Pinkroses

IQD CHAT, 11 OCT

xyz: Senior Kurdish official: referendum is an immature decision and threatens the gains of the region

http://translate.google.com/translate?u=http://www.alliraqnews.com/modules/news/article.php%3Fstoryid%3D66950

holly: Haider Al-Abadi 1 hr · .. Oil belongs to all Iraqis and not to people to go money for their own account and we have to pay the salaries of citizens of the province of the federal budget to be under federal financial supervision

subby: @holly interesting your news... hmm...
 ...
holly: Haider Al-Abadi 1 hr · .. We reject the referendum and its consequences, and any dialogue that must be built on the basis of Iraq's unity and the Iraqi Constitution and the rejection of the results of the referendum, and that does not require negotiation, initiatives or mediation, and who claims to be sent by us for mediation is a lie Mediation.

Zillo: Abadi is just as corrupt as maliki

xyz: Amazing how some mean experts wannabe who gotta nothing positive but ...

Blackgold: I don't see what the big deal is, Iraq produces 300million barrels a day and the kurds only 100 million

Zillo: Xyz u mean me? How can anyone be positive with so much bull**** shoved at us lied to and our money taken

Zillo: Not one...NOT ONE guru has produced a oz of evidence or proof of the **** they spew out at us...

xyz: @Zillo did I? Are you my secret mind reader?

holly: @subby Economic partnerships between Iraq and Egypt 11/10/2017 12:00 am Expert expects the "morning" to form a financial force between the two countries Baghdad / Farah Al-Khafaf In the light of the growing relations between Iraq and Egypt, the government is moving to open the doors of cooperation in the fields of trade, industry and investment between the two countries, which may lead to the conclusion of joint agreements that contribute to the formation of an effective economic force in the region.

"Iraq and Egypt are two pivotal countries in the region and can form or form an economic force, which is what the two parties have sought during the last period," said Saad al-Muhammadawi, an economist.

holly: @subby "The two countries will complement each other. Iraq is characterized by its primary materials such as oil and minerals. Egypt has a long history in industries, especially manufacturing and others," he said. The expert praised the government's recent moves aimed at creating economic partnerships with neighboring countries and the region, because of their economic, political and even security benefits.

During his meeting with the President of the Arab Federation for the Development of Urban Communities Dr. Adel Rahoumah, the Undersecretary of the Ministry of Industry and Minerals, Dr. Mohamed Hashim Abdel-Majid, discussed the presence of Egyptian Deputy Ambassador to Iraq Ahmed El Sherif and the Commercial AttachĂ© in the  Egyptian Embassy.

Companies and industrialists in the Egyptian private sector, ways to enhance joint cooperation between the two countries in all industrial fields, and the possibility of benefiting from the Egyptian experience to promote the industrial reality in the country.

The meeting, according to a statement issued by the Ministry of Industry received "morning" copy of it, "discuss the possibility of opening new horizons of cooperation and review of investment opportunities available in accordance with the laws and instructions in place to develop Iraqi industrial companies in various areas, especially mining and conversion industries and the construction of industrial cities.

xyz: Ooooops I meant @Zero
holly: @subby Abdul Majid said during the meeting, "the desire of the ministry and its keenness on the success of investments in Iraq and to provide all possible facilities by the departments of the ministry," noting that "there is a real need to strengthen industrial cooperation between Iraq and Egypt to develop the public and private sectors through partnership contracts

and rehabilitation of factories and production lines and construction New industries and developed with the Egyptian companies giant and Almsrinip in various fields and to benefit from the expertise and advanced technology owned by those companies, especially that the directions of the Ministry of Minister of Industry and Minerals, Engineer Mohamed Shi'a Sudan and within its strategy On opening the field of investment with Arab and international companies advanced. "

He also pointed out that "determining the need to enter into investments in accordance with the prior planning and the need of the local market and in coordination with the Directorate of Industrial Development of the Ministry in terms of medium and small projects and the National Investment Commission in respect of large projects and giant," stressing at the same time the depth of Iraqi-Egyptian relations and seek to consolidate them In which the interests of the two brotherly countries ".

For his part, the Egyptian delegation expressed his country's desire to develop and expand areas of joint cooperation in various fields and endeavor to ensure the success of projects that can be implemented by Egyptian

Zillo: They hide behind that old oh can't unveil my sources or they may get fired etc

holly: @subby companies in Iraq, stressing "the importance of continuing such meetings to find out the latest developments and progress in the investment files, Developing the partnership between the two countries in the industrial fields. "

Zillo: Oootah & Tank are the only ones with promise.

Blackgold: they all have some type of funny business going on

Moneygirl123: Excuse me I have been away from this for awhile working overseas and sanity reasons lol and have lost touch. is this the same sie midwest used to have calls. I know she has been off air since Mar but im looking for her website There are some articles I would like to reread

holly: Attention to tourism and the production of the most prominent means of financial reform 11/10/2017 12:00 am The budget deficit is shown when the expenditure exceeds total public revenues Baghdad / Imad Emirate The process of reforming the public finance sector includes a set of measures and measures to address budget, expenditure and revenue deficits.

The state works to improve public spending and use new technology to optimize its resources and reduce unjustified spending without harming the poor. Calls for diversifying revenues and reducing dependence on international oil prices in financing the public budget; this calls for - according to specialists - to carry out a set of tasks and more effectively.

holly: Structuring revenue academic economist , Dr. Imad al - Ani confirmed the "morning" the need to restructure the public revenues being dependent only on oil revenues, and think about the strategy clear to activate other productive sectors that can provide government revenues and private agricultural sectors and Alsnaaa.obin al - Ani said the main problems faced by The budget in Iraq lies in government spending, which requires a more disciplined and achieves the required goals.

They call for the use of a special technique to control and optimize spending in order to obtain the highest productivity for public spending in terms of financial and economic returns. Social issues.

Al-Ani added that the impact of external shocks on economic activity has put pressure on public revenues, especially the changes in world oil prices, resulting in the instability of revenues, which are the proceeds of oil the largest part of them, as well as crises affecting the global economy such as the recent global financial crisis.

holly: Al- Ani pointed out that the reform of the financial sector contributes to reducing the budget deficit by starting to exploit the available resources, especially mineral and natural gas, to achieve the largest revenues. He pointed out the need to raise the level of management of public properties of the state in terms of efficiency and efficiency.

The geographical location of Iraq and more attention to religious tourism, and the management of public institutions and companies according to the economic fundamentals and modern accounting standards and supply of the share of government surplus profits first Powell is the most prominent means of reform of the financial system.

The general budget represents a document that includes estimating government expenditures and estimating the revenues needed to finance them and their sources for a future year in order to achieve specific  economic and social goals according to economic policies or plans that reflect the state's philosophy of managing the economy.

The academic economist d. Qusay al-Jabri explained to the "morning" the importance of the general budget for citizens, it shows the projects and services to be provided by the state and the means of distribution of wealth to the groups of society.

Al-Jabri hinted that it represents the work program of the Executive Authority for the coming year, as well as being a tool of control of the legislative authority on the work of the executive authority in terms of the legitimacy of spending money on the basis of assignments and verify the efficiency and effectiveness of this spending.

Al-Jabri said that the government budget can work to distribute the  output between consumption and investment, and to affect economic objectives by providing the incentive to increase or reduce production in certain economic sectors by directing allocations to priority sectors according to the economic policies followed.

He added that the general budget aims to reduce volatility and achieve economic stability through the so-called automatic stability tools in the structure of the budget, as well as the possibility of being used as an effective tool to correct structural imbalances in the balance of payments. The budget deficit is shown when the total expenditure exceeds total general revenues in a given year, while the surplus is realized when the opposite occurs.

holly:. The budget should be balanced, and the government should balance its expenditures and revenues in light of the funding options available to it, such as funding by issuing government bonds or financing by issuing cash. Al-Jabri stressed that the budget deficit is determined by economic factors and variables.

 Of those responsible for the economic file taken into account in the formulation of fiscal policies to achieve internal balance and external, stressing the need to diversify sources of income so as not to be the Iraqi economy depends on fluctuations in crude oil prices and the policy affecting the market Global Oil through stimulating export support policy and moving towards investment in the real sector.

Al-Jabri called for providing an environment conducive to attracting foreign investment through the enactment of appropriate legislation and laws to stimulate foreign investment and providing adequate guarantees through the adoption of the method of partnership between the foreign investor and the local investor, while maintaining the Iraqi identity to activate the role of national capital to integrate with foreign capital High growth rates,

the privatization of losing projects that are a burden on the Iraqi budget, and support to the private sector to increase its contribution to the composition of GDP.

holly: ;:));
spanki: :ty:
holly: Sukuk drawn from Al-Rasheed Bank - Samarra branch for Saladin Governorate Office (1,009,148,000) for fictitious projects 10-10-2017 02:11 PM

holly: Baghdad News - The Integrity Commission revealed that it was able to control the second group of Sukuk drawn on the Rasheed Bank - Samarra branch for the account of Salah al-Din Governorate's office for the projects that are not implemented, which were disbursed contrary to the controls and instructions.

The Department of Investigation in the body, according to a statement received 'Baghdad News' a copy of it, seized seven Sukuk total amount (1,009,148,000) billion dinars represents the second set of Sukuk drawn on the Rasheed Bank - Samarra branch for the Office of Salahaddin province during the occupation of the city of Tikrit by Dahesh Terrorist organization in 2014.

holly: The statement pointed out that these instruments were earmarked for projects not implemented, and that the process of disbursement was contrary to the controls and instructions.

The Integrity Commission announced in August last year the seizure of new instruments by nearly forty billion dinars withdrawn amounts of other old for the projects not implemented in Salahuddin, revealing the implementation of the seizure resulted in the seizure of 25 instruments were the first group of those instruments in violation of the controls and instructions.

holly: Effects of the referendum of the region 11/10/2017 12:00 am It is expected that the movement of the market in the province of northern Iraq to the consequences of decisions taken by the central government and the governments of Iraq's neighboring countries because of the so-called referendum in a manner that may lead to economic repercussions causing large increases in prices of goods and services.

holly: The first of these will be the expected drop in trade rates between the region and Turkey and Iran, as these border measures will have a significant impact on the low rates of trade flows through the border crossings of the region.

Which will contribute to the crystallization of a state of economic stagnation in the markets of the province in conjunction with the decline of revenues of the Government of the region by the government decision to prevent the export of Iraqi oil through the port of Ceyhan and Turkey's willingness to cooperate in this regard with the cessation of the work of many investment companies that began to return their investment accounts just to enter the decision of delivery

The administration of regional airports to the Civil Aviation Authority in the central government, which may lead to a recession paralyzing the movement of all sectors with the entry of the decision of the House of Representatives to stop financial and banking transactions with the Territory into force.

Although the decision of the Council of Representatives on the suspension of banking transactions pointed to the preservation of the rights of citizens Kurds and pressure on the leadership of the region, but the implementation of this decision will inevitably lead to complete paralysis in the movement of markets, which is expected to witness sharp price rises with the rise in the dollar exchange rate The parallel market within the region in conjunction with the commitment of the Central Bank of Iraq the content of the

holly: parliamentary decision judge - not to sell foreign currency to banks operating in the Kurdistan region and banks that have branches in the region in order to maintain the reserve of the Central Bank of foreign currency and prevent the leak - What it is stated in the resolution Parliamentary.

Here we point out that the high exchange rate in the region will be a reason to smuggle the dollar from the neighboring provinces to the region by speculators and currency traders, which will make the parallel market in all provinces vulnerable to this escalation

holly: in the exchange rate, which requires more precision and rigor in the mechanisms of selling dollars in The Central Bank auction with the tightening of control over the offices of selling currencies, especially as the rise in the exchange rate witnessed by the parallel market in the region, will raise the appetite of speculators from neighboring countries and push international bodies to intervene in making more imbalances in the movement of the market in all governorates of the country.

subby: @holly this paragraph is interesting...

subby: @holly parliamentary decision judge - not to sell foreign currency to banks operating in the Kurdistan region and banks that have branches in the region in order to maintain the reserve of the Central Bank of foreign currency and prevent the leak - What it is stated in the resolution Parliamentary.

Here we point out that the high exchange rate in the region will be a reason to smuggle the dollar from the neighboring provinces to the region by speculators and currency traders, which will make the parallel market in all provinces vulnerable to this escalation

holly: @subby yes it is
holly: @subby maybe that's what the banker means low drop tomorrow .. maybe

subby: @holly OH WOW!
subby: @holly we shall see what happens... hmm... we live in exciting times dont we?

subby: @holly the news you are bringing in is sounding good tho I dont understand all of it by any means... UGH...

Zig: @Moneygirl123 : Check here www.truthcall.com but not sure if it is what you are looking for...

subby: @holly wish I could speak their language LOL
holly: @subby yep me tooooooooo

chattels: Tuesday, October 10, 2017 Security In Iraq Oct 1-7, 2017 Iraq continued to experience new lows in violence throughout the country. From October 1-7, 2017, there were the second lowest recorded number of security incidents and the fewest casualties of the year.

chattels: Since Mosul, IS has collapsed as a conventional fighting force. Its men have lost morale and are surrendering in large numbers for the first time. Around 1,000 gave themselves up to the Kurds during the Hawija campaign after the Wali of the district reportedly told them to turn themselves over to the Peshmerga.

http://musingsoniraq.blogspot.com/2017/10/security-in-iraq-oct-1-7-2017.html

chattels: David M. Witty‏ @DavidMWitty1  LINK

Baghdad demands the Kurdistan give up control of its mobile phone network & pass it to Baghdad's control.

chattels: ISIS Fighters, Having Pledged to Fight or Die, Surrender en Masse By ROD NORDLANDOCT. 8, 2017

https://www.nytimes.com/2017/10/08/world/middleeast/isis-iraq-surrender.html?smid=tw-share

chattels: Florian Neuhof‏ @FlorianNeuhof Oct 9 More Florian Neuhof Retweeted No buffer - and no common enemy - now between Kurdish and #Iraq|i forces as tensions are sky high in wake of controversial #KRG independence referendum.

 https://twitter.com/IsabelColes/status/917297489639768064 …

chattels: No buffer - and no common enemy - now between Kurdish and #Iraq|i forces

chattels: Ben Van Heuvelen‏ @berendvh 2h2 hours ago More Ben Van Heuvelen Retweeted Iraq Oil Report Massive political challenges & financial constraints cast doubt on Oil Ministry's claim that it will rebuild decimated pipeline to Turkey. 
​chattels: Ben Van Heuvelen‏ @berendvh 2h2 hours ago More Ben Van Heuvelen Retweeted Douglas Ollivant Do you think MOO will actually commit 100s of millions of $ to a rebuild a pipeline without guaranteed crude supply? (I don't.)

chattels: One has to continue to wonder whether much / many of the proposed actions by the GOI can / will be implemented ?

chattels: Rhetoric or reality ? Time will tell.

chattels: Turkey’s military options in Iraq and Syria hinge on US and Russia Metin Gurcan October 2, 2017

Read more: http://www.al-monitor.com/pulse/originals/2017/10/turkey-how-likely-turkish-military-moves-in-syria-iraq.html#ixzz4vAz7FKsi

chattels: Maliki confirms his rejection of any postponement of the elections or hinder its conduct 09/10/2017

chattels: "Some political blocs are still practicing political hypocrisy in order to mislead public opinion," calling those blocks to " Abandon those practices and stop violating security, spreading murder and pillage, beating state institutions and stealing public money. "

chattels:

https://www.ninanews.com/News_Details.aspx?cDGHJT7qg3VuYJU9tpvhMw%253d%253d

chattels: " ........... stealing public money. "


Zimmer: Aloha Everybody, what's the latest on the exchanges? We ready to go?
Zimmer: I've got my zims and a few dinars... i'm ready to go on vacation! :D
Zimmer: OK. I'll take that as ...not quite yet. Keep on planning.

http://www.iqdcalls.com/chat/

Restored Republic via a GCR Update as of Oct. 11 2017

Compiled 12:01 am EDT 11 Oct. 2017 by Judy Byington

A. Oct. 10 2017 The Big Call, Bruce: Thebigcall.net: 712-770-4016 pin123456# (intel began around 1 hour 8 min.)

1. The 800 number to make appointments was supposed to be out last night Oct. 9, but the system was interrupted around 6 pm EDT because of something they had to do today, Oct. 10.

2. Today Oct. 10 in Iraq there were three meetings with the IMF, Iraqi Parliament, and Ilack with the CBI. They passed whatever they needed to do and today Oct. 10 the IMF approved Iraq's reinstated rate for the Dinar.

3. This reinstated Dinar rate would be higher than the $3.71 Dinar rate that has been in effect in Iraq for several months.

4. The rate here in the US is way higher than we ever thought it would be.

5. There were 7,430+ redemption centers throughout the US and Canada on standby status right now - meaning they could be in place to redeem in 6 hours or less.

6. The primary call centers throughout the US were just notified to be on alert to be fully staffed.

7. Yesterday Oct. 9 there were major banker meetings in New York and Dallas, and conference calls about the price of gold.

8. There are 209 countries, most of which have their Central Bank. Those Central Banks are supposed to align themselves starting at midnight tonight EDT and be ready by noon tomorrow Oct. 11.

9. We are supposed to have around ten days to exchange at the negotiable rates.

10. The public exchanges could start around Oct. 23.

11. NESARA/GESARA could begin around Oct. 23-24.

12. The new gold-asset-backed $100 bill was out.

***************

B. GCR Summary as of Oct. 10 2017: Operation Disclosure GCR/RV Intel Alert for October 10, 2017 https://operationdisclosure.blogspot.com/ Restored Republic via a GCR: Update as of Oct. 10, 2017

The final GCR release schedule was in the system, date of release was unknown, while the Restored Republic was discretely running the show behind the scenes.

GESARA (Global Economic Security and Reformation Act) was being implemented in the world's 209 sovereign nations.

All countries must be GESARA compliant before a GCR/RV, USN Activation, mass arrests and restoration of the Republic.

North Korea was a Cabal-controlled country and not GESARA compliant.

The Cabal North Korean Regime would be removed by use of undisclosed advanced weaponry that would minimize casualties. North Korea would then cease to exist, thus freeing it’s innocent citizens - victims of Cabal brainwash.

Field McConnell of Abel Danger leaked that the Cabal tried to delay the GCR transition by the attack on Las Vegas, (just a short distance from the Sparks-Reno Indian Reservation where the Republic was being restored on sovereign land).

It has been rumored that on or before Oct. 16 Trump would announce USN Activation to a gold -asset-backed currency, plus expose those who have been causing problems, false flags, etc.

Such announcement would start a chain of events leading to the GCR/RV: USN Activation, Mass Arrests, full implementation of the Republic Restoration, etc.

GESARA's activation would eliminate the shadow government USA, Inc, the Federal Reserve Bank and IRS.

GESARA would also come into play and cancel all credit card, mortgage, and other bank debt due to USA Inc.'s illegal activities, plus abolish income tax, create a 17% flat rate non-essential new items only (no tax on food and medicine) sales tax revenue for the government, increase benefits to senior citizens, restore financial privacy, plus within 120 days, establish new Presidential and Congressional elections, monitor those elections and prevent illegal election activities of special interest groups.

The interim government will cancel National Emergencies, return Constitutional Law to all courts and legal matters, retrain judges and attorneys in Constitutional Law, plus eliminate current and future nuclear powered weaponry around the globe.

GESARA implimentation also ceases aggressive U.S. government military actions worldwide, establishes peace throughout the world, releases unprecedented prosperity with enormous sums of money for humanitarian purposes and enables the release of over 6,000 patents of suppressed technologies that are being withheld from the public under the guise of national security, including free energy devices, anti-gravity, and sonic healing machines.

**************

C. Oct. 10 2017 , Beny:

1. Reports today Oct. 10 say that we were running out of gold.

2. According to some bankers this morning Oct. 10 the CBI was preparing a so-called "Big Announcement" this week.

3. Also according to some bankers this morning Oct. 10, the Stock Exchange would be having a system reset on Fri. Oct. 13.

BENY TIDBIT, 11 OCT

Beny !!! OK JETS LET'S DO A RECAP SHALL WE? LOL

1) THE CBI IS HAVING A MEETING THIS WEEK.

2) THE STOCK EXCHANGE IS RESSETING THIS FRIDAY.

3) THE GOLD IS RUNNING OUT

4) THE ELITE IS HAVING A MEETING IN EUROPE TO RE-WRITE THE FINANCIAL SYSTEM

ARE YOU READY FOR THE GREEN LIGHT?

KTFA & TNT UPDATE, 11 OCT

MadeeandLyndee:  Look at the second paragraph in the article. "The bank has FOR THE FIRST TIME directed its branches to issue electronic payment tools (Mastercard) to..... " 

Third paragraph, " These tools are used INSIDE and OUTSIDE of Iraq and are ACCEPTABLE in ALL ATM's connected to the MasterCard network, as well as POINTS of SALE.

This sounds like our debit card system in the US. 

Walkingstick:  Rafidain announces the issuance of international electronic payment tools

 11th October, 2017

Al-Rafidain Bank announced on Wednesday that it has issued an international payment mechanism for employees, retirees, citizens and other segments of society.

"The bank has for the first time instructed its branches to issue electronic payment tools (MasterCard) to employees, retirees, citizens and other segments of society," the bank's media office said in a statement received by Mawazine News.

"These tools are used inside and outside Iraq and are acceptable in all ATMs connected to the MasterCard network, as well as points of sale," the office added.

He pointed out that "advances and loans granted to employees are through these cards and settle their salaries electronically."    LINK
....
SteelyJan:  Love all the good news coming out lately........"International" seems to be a word we are seeing more and more of lately, almost daily now. Ohhhhhhh buddddyyyyyy!!!!!

Walkingstick:  ftti.... Rafidain,  launched the (pilot program) issuing the international MasterCard in 2015 

WCM:  Thank you Walkingstick! This statement from you is important to me because we had word back then that mastercards had been released, and there was much frustration/confusion because we understood that to mean it was international.  So to hear from you it DID happen and it was a PILOT program makes sense and connects the dots for me.

Crystal:  Wow!! Amazing articles to back up your Intel Frankie,  Delta, WS!!!

Frank26:  When One considers what we SHARED on MONDAY'S CC ............. And today You are reading articles that confirm our STUDY with You KTFA FAMILY .................. Then it may behove You to come to Your WEDNESDAY CC tonight ................ To obtain Cognizance.......... Aloha \m/ (7pm est)

************

Samson:  The stock market decided to suspend trading on the shares of the Commercial Bank of the region in Tuesday's session next

 11th October, 2017

The Iraqi Stock Exchange decided to suspend trading on the shares of Commercial Bank of Iraq in the next Tuesday session until a new board of directors is elected.

A source in the exchange for "Economy News", "The Stock Exchange decided to stop trading on the shares of the Commercial Bank of the Territory in the next Tuesday until the meeting of the General Assembly in the building of the bank in Erbil," adding that "the meeting will discuss the final accounts for 2016 and the rotation of profits for the coming year And the election of a new board of directors

http://economy-news.net/content.php?id=9340

************

Samson:  Emerging-market debt falls for first time since 2011

 11th October, 2017

Government and private sector debt in emerging economies as a percentage to GDP fell this year for the first time since 2011," a JPMorgan report showed.

After five consecutive years of increases, the debt-to-GDP ratio declined last year to 116.5 percent, down 2.1 percentage points. With China excluded, emerging-market debt fell to 77.9 percent of GDP.

"Credit growth for the private sector remains 43 percent higher than in 2008, but most of the increase is largely due to borrowing in China, the world's second-largest economy," the JPMorgan report said on Wednesday.

He pointed out that 87 percent of government debt owed to domestic lenders, while 93 percent of private sector debt

http://economy-news.net/content.php?id=9342

************

Samson:  The International Monetary Fund expects an increase in global economic growth

11th October, 2017

International Monetary Fund forecast on Wednesday, increasing global economic growth slightly, and urged countries to undertake the necessary reforms for a lasting recovery in the face of multiple risks continued.

After global growth of 3.2 per cent in 2016, the International Monetary Fund predicted that global GDP growth would accelerate to 3.6 per cent this year and 3.7 per cent next year, a slight improvement of 0.1 per cent from previous forecasts. July, as the IMF announced in its semi-annual report on economic conditions. 

The IMF raised its forecast slightly for growth in the United States in 2017 and 2018, noting that the country was benefiting from "very favorable financial conditions and a strong sense of confidence among consumers and industrialists." 

He expected the world's largest economy to grow by 2.2 percent this year, 0.1 percentage point higher than July's forecast and 2.3 percent in 2018, up 0.2 points, according to the International Monetary Fund. 

In the eurozone, the IMF raised its growth forecast for 2017 and 2018 due to a rebound in world trade in particular and a decline in political instability. The IMF forecast 2.1 percent growth in 2017 (+ 0.2 points compared with the latest forecast in July) and 1.9 percent in 2018 (+ 0.2 points compared to July). 

The fund also increased its growth forecast in China, warning at the same time of the growing risk of a "sharp slowdown" in the world's second economy on the back of a large rise in debt.  The IMF is now betting on a 6.8 percent growth in China this year (versus a previously expected 6.7 percent), speaking of better-than-expected performance for the Asian giant in the first half of the year.   LINK
************

Samson:  Indonesia Classed “Investment Grade"

 10th October, 2017

On May 19, S&P Global Ratings raised the sovereign credit rating of Indonesia to BBB- from BB+. In doing so, Southeast Asia’s biggest economy is now classed as “investment grade” by all three major ratings agencies—S&P, Moody’s and Fitch—for the first time in nearly 20 years.   https://goo.gl/SwJeZh

***************

Samson:  Iran, Turkey Sign Currency Swap Deal

 11th October, 2017

Shortly after Iran and Turkey signed a draft of currency swap agreement, Governor of the Central Bank of Iran Valiollah Seif hailed the fact that the country has managed to reverse its banking stature as a result of the nuclear accord.

"After the Joint Comprehensive Plan of Action [the formal name of the nuclear accord], our banking relations can't be compared to the past, as we have suitable banking ties across the world and are able to meet our needs with regard to clearing banking transactions," Valiollah Seif told IRNA in Ankara.

However, he conceded that a number of banks, mainly major European lenders, remain wary of working with Iran, adding that expectations from JCPOA must not be unreasonably high.

Late Monday, as part of a CBI mission to Ankara headed by Seif, the central banks of Iran and Turkey signed a draft of the rial-lira currency swap agreement with the goal of preparing the ground for expanding economic and trade ties.

Seif and his counterpart Murat ?etinkaya signed the draft for "facilitating trade using the national currencies of both countries to finance trade and boost direct investment".

Hours earlier, CBI had signed a cooperation agreement with ECO Trade and Development Bank, based on which conditions and regulations for the activities of the bank's representative office in Iran will be devised.

In his latest remark, the CBI chief downplayed the effects of what US President Donald Trump has said in the past few days, saying "at its highest, Trump's talks will have temporary effects on banking affairs that might affect the currency market as well, but will not prevail in the long run".

Pointing to other manifestations of such remarks in the past five years that created temporary fluctuations in the market, Seif advised market players not to be swayed and consider the long-term perspective.

On Turkey, Seif said the draft agreement on currency swap will be finalized in the First Iran-Turkey Economic Commission that is to be held soon, adding that because of conditions created as a result of the agreement, "traders of both sides can engage in transactions with complete safety and the least cost".  

https://financialtribune.com/articles/economy-business-and-markets/73985/iran-turkey-sign-currency-swap-deal
Trump will talk tax reform in Pennsylvania speech

By Benjamin Brown, Fox News

President Donald Trump will head to Harrisburg, Pa., on Wednesday to speak to a handpicked crowd of truckers, state lawmakers and manufacturers regarding his much anticipated tax reform plan.

Roughly 1,000 individuals were invited to attend the speech, which will take place inside a hangar at an Air National Guard base and feature actual trucks surrounding the president. PennLlive.com reported.


The president is expected to use the platform to address his proposal of eliminating the estate tax, which he and some congressional Republicans claim will provide relief for small business owners, as the tax causes “hell” and forces them out of business, the Hill reported.


Trump also will likely introduce people in the crowd as living examples to illustrate his view that the estate tax negatively affects families, PennLive.com reported.


However, the Congress’s Joint Committee on Taxation argues abolishing the estate tax, also known as the “death tax,” would mainly benefit the wealthy, as only 0.2 percent of Americans pay estate tax. One-percenters pay 27 percent of the total, the Hill reported.


Trump also will devote a significant portion of his speech to truckers, a “major beneficiary” of the tax plan, which proposes to lower the corporate tax rate to around 20 percent, although Trump hopes to see that number at 15 percent, a senior White House official told PennLive.com.


The tax alleviation would also allow manufacturers to spend more on production, thus providing truckers with more driving opportunities.


In addition, Republican lawmakers are also looking to reframe the current individual tax rate, from 39.6 percent to 35 percent, as well as simplify the complex tax code, and “deliver the lowest tax rates on businesses in modern history," Rep. Kevin Brady, R-Texas, head of the tax-writing House Ways and Means Committee, told reporters on Capitol Hill.


Not much detail has been revealed about one of Trump’s most sought-after campaign promises, which has become front and center following Republicans' several failed attempts to repeal and replace ObamaCare.


http://www.foxnews.com/politics/2017/10/11/trump-will-talk-tax-reform-in-pennsylvania-speech.html

****
DELTA:  POST 74 IS VERYYY HUGE THEY CAN'T DO IT WITH OUT 3 ZEROS OUT .
GOOD JOB SAMSON..(wink)

Samson:  Post #74 (3 articles) :   Video: Rafidain transforms its system into "mass" and introduces electronic payment tools to its customers

VIDEO

11th October, 2017

To keep abreast of the electronic development and its impact on the work of the global banking sector and local in particular, the most prominent adopted by Rafidain Bank in order to update its work data and transform its system into a comprehensive. The bank's director also confirmed that customer balances in the Mosul branches are guaranteed.

The director also revealed the granting of loans to graduate students and researchers, up to five million dinars.

In conjunction with this update, a number of bank branches have been opened in the liberated areas, while their counterparts in Mosul are awaiting completion of the audit to reopen.   LINK

************

Samson:  Rafidain announces the issuance of international electronic payment tools

 11th October, 2017

Al-Rafidain Bank announced on Wednesday that it has issued an international payment mechanism for employees, retirees, citizens and other segments of society.

"The bank has for the first time instructed its branches to issue electronic payment tools (MasterCard) to employees, retirees, citizens and other segments of society," the bank's media office said in a statement received by Mawazine News.

"These tools are used inside and outside Iraq and are acceptable in all ATMs connected to the MasterCard network, as well as points of sale," the office added.

He pointed out that "advances and loans granted to employees are through these cards and settle their salaries electronically."   LINK
************

Samson: :     Al-Rafidain announces the issuance of the international MasterCard card for employees and citizens

 11th October, 2017

Al-Rafidain Bank announced on Wednesday that it has issued an international payment mechanism for employees, retirees, citizens and other segments of society.

"The bank has for the first time directed its branches to issue electronic payment tools (MasterCard) to employees, retirees, citizens and other segments of society," the bank's information office said in a statement received by Al-Iktissad News.

"These tools are used inside and outside Iraq and are acceptable in all ATMs connected to the MasterCard network, as well as points of sale," the office added.

He pointed out that "advances and loans granted to employees are through these cards and settle their salaries electronically

http://economy-news.net/content.php?id=9341

********************************

TNT:

Natok:  dInara, GM, any exciting news leaking out?

Dinara:  natok...I have heard there are some bankers acknowledging that it's close to happening.

Natok:  Dinara, that alone is something to get excited about! that means anytime for sure!

Dinara:  I have a friend that told me her friend called about a week ago and said it's close. Her friend knows people but I don't know their jobs…. Even though it's a friend told a friend story it makes me know more and more people are knowing somethings on the verge of happening.

Natok:  Dinara, yes, and the banks are starting to admit it, at least the banks that are more involved, maybe I should say