Rupee snaps two day winning streak, falls against US dollar

Economic Times2 hours ago

That said, all eyes would be on the US payrolls data scheduled for release on Friday. Any improvement in these numbers could boost chances of a rate hike by the US Federal Reserve in its forthcoming two-day policy review, beginning September 16.

Rupee opens lower at 66.25 against US dollarLivemint

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Wealthwatch Evening Chat  9-2-15  Part 2 of 2

BOBBY: Chattels. …. did you see isis bombed a russian barracks?

chattels: Too much of our information out of Iraq is anecdotal – it lacks credibility and reliability

chattels: ‹@BOBBY› No, but I have read where they ( DAESH ) is declaring a ” province ” near the Russian / Ukraine area I think

BOBBY: Chattels. … i posted the article in chat about an hour ago

chattels: ‹@BOBBY› DAESH published school books in / for Mosul today
~~~

chattels: MOSUL, Iraq – The Islamic State, also known as ISIS, has started to print books aimed at changing the education system in its self-proclaimed capital of Mosul, residents told Rudaw on Wednesday.

The radical jihadist group has reportedly prepared new books for primary, elementary and high schools as well as for university coursework. Residents of Mosul who have seen the books said they were designed for the 2015-2016 school year.  chattels: rudaw.net/english/middlee…

http://rudaw.net/english/middleeast/iraq/020920151

newbieIQD: ya I am wring on it www.patreon.com/newbieIQD

https://www.patreon.com/newbieIQD

chattels: DAESH is planning on being in Mosul for awhile or wants the populace to believe that they will be

newbieIQD: I thinnk I should go there, tell the truth

chattels: ‹@newbieIQD› Do you have a death wish ?

newbieIQD: bbl

BOBBY: newbieIQD…… you will not be the same upon return, trust me……… it changes you

Tootsie: GE ,

Tootsie: BRICS actively pushing for IMF reforms blocked by US: Lavrov 9/2/15 Moscow will push for BRICS to uphold its primary function for which the alliance was forged, to safeguard economic interests of the five nations, Russian Foreign Minister Sergey Lavrov has stressed.

“It was formed to uphold the interests of these “new countries” in the framework of international financial relations, including the IMF and the World Bank. It’s not some whim but a reflection of objective reality,” Lavrov told an audience at a Russian University in Moscow on Tuesday.

The New Development Bank and a monetary fund, launched by the BRICS “will be backed by one hundred billion dollars each, which will allow BRICS to act more independently and effectively in implementing the projects that are deemed mutually beneficial by its association members” said Lavrov.

“Since 1990, the share of the United States, the EU, and Japan in the global GDP has decreased sharply, whereas the share of the BRICS economies, if I’m not mistaken, has grown from 7.7 percent to 22 percent – that is, it has tripled.

The share of BRICS in the global GDP has grown at the expense of a comparable reduction in the share of the United States, the EU and Japan,” Lavrov claimed.

The BRICS bloc is “actively pushing” for IMF reforms while “these decisions are now being blocked exclusively by the United States” charged the Russian Foreign Minister.

As the BRICS countries launched new financial institutions like the $100 billion BRICS Bank, the China-led Asia Infrastructure Investment Bank, and a $100 billion BRICS currency reserve fund, the IMF has once again delayed voting reforms to give emerging countries greater say.

“Reforming the international monetary and financial system to make it more equitable remains high on our list of priorities within BRICS,” Lavrov said on Tuesday.

Tootsie: A statement from the International Monetary Fund in June said the board has postponed the discussion on how to move forward without Washington.

 The board will now take stock of the situation in September. IMF Chief Christine Lagarde had last year hinted at a “Plan B” if the US failed to endorse the reforms by the end of 2014.

 Both the China-led AIIB and the BRICS Bank have been gaining popularity and are seen as a counterbalance to the IMF and World Bank. The US and Japan have not applied for the membership in either of the new development banks.

The IMF reforms will hand more IMF voting powers to BRICS, a long-standing demand of the group and will also reduce the concentration of representative power of Western Europe at the IMF board.

 China and other emerging economies, including BRICS, have long protested against their limited voice at global financial platforms, including the World Bank, International Monetary Fund and Asian Development Bank. The IMF quota reform calls for a 6 per cent shift in quota share to emerging economies.

It will lift China, which still has less voting power than the Benelux countries ( Belgium, Holland and Luxemburg), to the third largest shareholder. Shares for Russia, India and Brazil will also see hefty rise.

Meanwhile, the BRICS foreign Ministers will meet on the sidelines of the United Nations General Assembly in September in New York. Russian Foreign Minister Lavrov confirmed that documents will be adopted at the BRICS ministerial meet in New York that “reinforce our common approaches to key international policy issues, including with regard to the Middle East, and certainly, our negative attitude toward unilateral sanctions”.

{ just in case ~ BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa. The grouping was originally known as “BRIC” before the inclusion of South Africa in 2010.} wealthwatch.world/showthr…

http://wealthwatch.world/showthread.php?tid=1985

 chattels: [Baghdad – where] confirmed a member of the economic and investment commission in Parliament, that does not fear the Iraqi currency against other currencies. A member of Najiba Najib Committee, told all of Iraq [where], “the Iraqi currency is strong, as the $ 100 equal to 120 thousand dinars, or that she almost approach”, saying

“There is no fear on the Iraqi currency against other currencies.” With regard to the budget year next in 2016, he showed that “the budget so far the Ministry of Finance did everything related expenditure side and the revenue is completed, as it has so far not decided the price of oil Evaluator, and the reforms package has not been completed in order to know the expenses that have been reduced rate.”

 The head of the Minister Haider al-Abadi, said in the 17 of last July, said that “the Iraqi currency Mahfouz and the dinar has a great economic power, hard currency is because it is propped also that Iraq has the potential and capabilities and we have the blessing of oil,” he said.

 “There is no fear on the exchange rate of the Iraqi dinar compared to the US dollar, and we will hit manipulators prices dollar with an iron fist. chattels: www.alliraqnews.com/modul…

http://www.alliraqnews.com/modules/news/article.php?storyid=14409

Tootsie: Blonde Joke ~~ A science teacher tells his class, “Oxygen is a must for breathing and life. It was discovered in 1773.” A blonde student responds, “Thank God I was born after 1773! Otherwise I would have died without it.”  chattels: Courtesy of DinarAlert

 chattels: $ 312 billion out of Iraq through Central: I went to money laundering 02/09/2015 Special scales News It revealed the decision of the parliamentary finance committee meat Rashid Ahmed, on Wednesday, that approximately about $ 312 billion out of Iraq by the central bank’s daily auction for the sale of hard currency, noting that there are suspicions that mostly went for “money laundering”.

Rashid said L / scales News / that “approximately about $ 312 billion out of Iraq by the Central Bank of the daily auction in recent months, including the public sector and another section of the private sector”, revealed the existence of suspicions that most of the money went to projects “illegal” and “whitening of money.”

He said the parliamentary Finance Committee decision that “there is a huge waste of public money Tam and the absence of financial control over some government institutions, especially the Central Bank”, noting that “90% of dollar sales by the Central Bank of Iraq is of remittances and only 10% cash sales.”

Tootsie: interesting last sentence ~ “There is no fear on the exchange rate of the Iraqi dinar compared to the US dollar, and we will hit manipulators prices dollar with an iron fist. ~~

Tootsie: hmm?

chattels: www.mawazin.net/312-%D9%8…  LINK
chattels: Courtesy of DinarAlert

chattels: said the parliamentary Finance Committee decision that “there is a huge waste of public money Tam and the absence of financial control over some government institutions, especially the Central Bank”,

chattels: financial, security and politics in disarray in Iraq

chattels: Hardly inspirational, eh ?

lonegunman: herow everybloody <<<<< in my benny hill voice doing chinese

Tootsie: ‹@chattels› sure ~!! seems to get worse daily, or we are much smarter than 6 or so years ago, when some of us (most) we under a ‘spell’ of those who perpetuated the sense of euphoria with respect to such

lonegunman: ‹@Tootsie› all this talk of holding the dinar exchange rate what bunch of dung ! it is worth diddley squat !

disciple7: Agreed

lonegunman: ‹@Tootsie› here we are !

Tootsie: ‹@lonegunman› just hang on until we get a ‘legal tender’ , or those who will inherit

 lonegunman: looking forward to some fantastic new’s lmao

Tootsie: ‹@lonegunman› seems I saw a post here by you with reference to what the local Iraqis said to you ~~ was 20 yrs?? or did I read wrong ~ I don’t think will be quite that long, heck,

lonegunman: ‹@Tootsie› yes there have been a couple who stated their opinion !

BOBBY: Tootsie….. whats your take on it?

Tootsie: ‹@lonegunman› k ~ in all honesty I do not feel there is one person on God’s green earth that can even begin to state at this juncture.

lonegunman: there outlook is that as long as Iran is so much involved Iraq is not going to grow

Tootsie: ‹@BOBBY› ^^

lonegunman: ‹@Tootsie› no there is not !!

Tootsie: ‹@lonegunman› I can understand that, for sure.
Tootsie: there is no “trigger” event or circumstance , ~ nada ~

Tootsie: ‹@BOBBY› I have none, just hang on and keep the faith, ~ all I can say , sadly

BOBBY: Tootsie…. my view of this is detached emotionaly so it is a lot easier

Tootsie: I kick myself in the hind end regularly, truly do, had a great part time position, made nice $$$ , and when hubby became ill, after over, quit position, they said could come back, I sad Nah (in head was dinar in next year or so) Wrong. — I am just mentioning this as there are , maybe, thousands of people who did expect also.

Tootsie: ‹@BOBBY› Absolutely ~~ The only way to fly!

chattels: Iran wants an Iraq that is weak but stable, led by a Shi’a-dominated government that can secure its territory but looks to Tehran for guidance.

 This Iraq would be a key client in Iran’s competition against the Gulf States, as well as a lucrative trade partner. Iranian Foreign Minister Mohammad Javad Zarif has stated that Iran views Iraq’s security as its own.

Thus, whether the recent nuclear deal leads to increased Iranian expansionism as many fear, or more Iranian moderation as others hope, Iran’s goals for Iraq will almost certainly remain the same, and it will certainly continue to deploy all the tools at its disposal to achieve its aims.

This bodes poorly for U.S. interests in Iraq because Iran enjoys stronger and more sustainable leverage with Iraq’s Shi’a leadership and majority Shi’a population than the United States — leverage which will ultimately bring Baghdad more firmly into Tehran’s orbit.

chattels: warontherocks.com/2015/09…

http://warontherocks.com/2015/09/dont-bother-working-through-baghdad/

BOBBY: Tootsie…. we all have to come full circle sometime with this

Tootsie: ‹@BOBBY› very, very true! However, there are still those who plead daily ‘ when, when, any idea, and on and on’ and still follow the premise of it is right around the corner

Tootsie: Detachment is key! hard for most to do, but essential to mental health and emotional health.

BOBBY: Chattels….. do think this Iran deal will curb them at all?
BOBBY: Tootsie…. i have as much say in it as i do the weather lol

chattels: ‹@BOBBY› I doubt that the Leopard can / will ” change it’s spots” :)

Tootsie: ‹@BOBBY› hahaha, good one!
chattels: ” …………. whether the recent nuclear deal leads to increased Iranian expansionism as many fear, or more Iranian moderation as others hope, Iran’s goals for Iraq will almost certainly remain the same, ……… “

BOBBY: Chattels. …. my 2 cents….. they will show there true colors in the future
BOBBY: Chattels. …… they have not been shy about there agenda

Tootsie: I often ponder, with no answer, as to what/where Iraq would be today w/out the Caliphate (ISIS) and Daash ~

Tootsie: and with new new ‘deal’ of no Maliki

BOBBY: Tootsie….. still throwing shoes at each other lol

Tootsie: Saw an item earlier today that there has been found a piece of the Coran(Koran) written prior to Mohammad, so there is now ? if he was the writier? , Caliph was mentioned (hence caliphates) ,

BOBBY: i believe they would be in a better state, but would still have to address the current issues

Tootsie: ‹@BOBBY› oh yes, they would, but still major issues to resolve , but financially may have been a bit better off – ?? who knows.

BOBBY: maliki would still be working his magic…. etc
BOBBY: Tootsie…. i would agree financially, but the corruption and other issues would still be present

Tootsie: Well, (yeh over my head) time to call it a day , warm up a frozen leftover, and park myself on couch to watch a bit of TV – ~~ Take care , hang in there –  Tootsie: Night!

Tootsie: ‹@BOBBY› probably so ~

chattels: ” Beware of false knowledge; it is more dangerous than ignorance.” – George Bernard Shaw

tourman: anything worth reading?
tourman: what i thought gn

Post From Wealthwatch.world Chat Room  9-2-15
Wealthwatch Evening Chat  9-2-15  Part 1 of 2

Donnie: i heard on the news Iran deal is a done deal with congress…. as if they ever had a choice lol

MichelleL: ‹@Donnie› no one ever had a choice from the moment they voted this p^@%k into the house

Donnie: i guess they had to play their hardball game to make it look good for the American citizens

MichelleL: about anything apparently

 BOBBY: The Islamic State’s so-called “province” in the Caucasus region has claimed responsibility for its first official attack since it was established earlier this year. In a statement released online — seen above — and translated by the SITE Intelligence Group, the group says “the soldiers of the Caliphate were able to mount an attack on barracks of the Russian army in southern Dagestan, in Magharamakint village.”
~~~

 The raid allegedly “led to the killing and wounding of a number of them.” Afterward, “the soldiers of the Caliphate returned to their positions safely and with spoils, and unto Allah is all praise and gratitude,” SITE’s translation reads.

The Islamic State announced its Caucasus branch in June, but the jihadists had not claimed responsibility for any attacks since then. In an audio message released June 23, the Islamic State’s spokesman, Abu Muhammad al-Adnani, accepted the bayat — oath of allegiance — from jihadists who defected from the al-Qaida-linked Islamic Caucasus Emirate.

 Abu Bakr al Baghdadi, the “Emir of the Faithful,” has “accepted your bayat and has appointed the noble sheikh Abu Muhammad al-Qadarī as Wali [governor] over” the Caucasus, Adnani said at the time.

He continued by calling for all the mujahedeen in the Caucasus “to join” al-Qadari’s “caravan and to hear and obey him in everything except sin.”

It appears that Qadari is Rustam Asilderov, an ICE leader in Dagestan who defected to the Islamic State late last year. One of Asilderov’s known aliases is similar to “Abu Muhammad al-Qadari,” the same name used by Adnani. YouTubeRussian-Chechen fighters in Syria.

Al-Qaida and ICE have tried to stem the tide of defections to the Islamic State, but the loss of three leaders in just more than a year and a half has destabilized ICE’s operations and likely contributed to the Islamic State’s gains in the region.

Russian forces killed ICE’s emir, Magomed Suleimanov, also known as Abu Usman Gimrinsky, in August. Suleimanov was publicly identified as ICE’s new leader just weeks earlier. Also k

TxBrand: Haider Al-Abadi ‏@HaiderAlAbadi · 3h3 hours ago asdrna orders to deal with who sold money kidnapping in the capital Baghdad today as been dealing with terrorists. We have issued orders to deal with perpetrators of abductions that have taken place in Baghdad today as we are dealing with terrorists. www.facebook.com/photo.ph…

https://www.facebook.com/photo.php?fbid=10153593703713633

chattels: DON’T BOTHER WORKING THROUGH BAGHDAD ALEXANDER VELEZ-GREENSEPTEMBER 2, 2015 The United States is fighting a losing battle with Iran for influence over Iraq’s national government. U.S. interests would be better served by working directly with Iraq’s Kurds and Sunni Arabs.

[06:24:37 PM] chattels: The United States has long relied on its influence in Baghdad to defuse sectarianism in Iraq, fight Sunni extremism, and curb Iran’s regional influence.

But the Iraqi national government has proven to be an unreliable partner in each of these efforts, and America now faces a losing battle against Iran for influence over Iraq’s Shi’a-led central government.

Recognizing this reality may appear tantamount to admitting America’s defeat in Iraq and accepting Iran’s rise to regional hegemony. But this admission is neither a sign of American weakness nor endorsement of Iran’s dominance.

Rather, it is a demonstration of the wisdom required to admit that America’s current ends in Baghdad exceed its means for achieving them. As such, the United States should no longer pursue its aims in Iraq by working primarily through the Iraqi national government.

Working through local allies in Iraq’s provinces — especially the Kurdish Regional Government and key Sunni Arab tribes — offers a far more promising path for achieving U.S. goals in this troubled country. chattels: Read more : warontherocks.com/2015/09…

http://warontherocks.com/2015/09/dont-bother-working-through-baghdad/

newbieIQD: I changed my name

chattels: “At this point, I believe that’s the best prospect for long-term success, is a unified multisectarian government in Iraq,” Dunford said.

chattels: Russia is greatest threat to the U.S., says Joint Chiefs chairman nominee Gen. Joseph Dunford

newbieIQD: chattels, are you on skype?

chattels: www.washingtonpost.com/ne…

https://www.washingtonpost.com/news/checkpoint/wp/2015/07/09/russia-is-greatest-threat-to-the-u-s-says-joint-chiefs-chairman-nominee-gen-joseph-dunford/

chattels: ‹@newbieIQD› Yes

chattels: As the United States moves away from working exclusively through the government in Baghdad, it should hedge against the possibility that Baghdad will further align itself with Tehran.

To that end, America should begin laying the foundation for lasting relationships with the Kurdish Regional Government and key Sunni tribes. With more American military assistance delivered directly to them, the Kurds and Sunnis can roll back ISIL’s advances in their own territory.

Even more importantly from a foreign policy solvency perspective, if the United States can sustain its relationships with these groups, the Kurdish Regional Government and powerful Iraqi Sunni tribes could eventually become valuable partners for monitoring, and as necessary, challenging Iran’s ambitions throughout the so-called “Shi’a Crescent.”  chattels: warontherocks.com/2015/09…

http://warontherocks.com/2015/09/dont-bother-working-through-baghdad/

chattels: Baghdad (AIN) –The Iraqi Prime Minister Haider al-Abadi pointed out “There is a campaign to destroy all authorities in Iraq and destroy all achievements in the country,” stressing that “We are determined to continue reforms.”  chattels: en.alliraqnews.com/module…

http://en.alliraqnews.com/modules/news/article.php?storyid=3105

BOBBY: Chattels. ……. evening……. some interesting news floating around today

 chattels: ‹@BOBBY› What caught your eye ? Educate me :)
chattels: ‹@BOBBY› Have you been ” off the reservation ” reading somewhere else ? :)
newbieIQD: ‹@BOBBY› what up bobby?

chattels: Wife is home – I may be in / out, off / on for awhile

BOBBY: Chattels. …. seems like a ton of internal conflict, more then normal in the news
BOBBY: NewbieIqd
BOBBY: how are you

chattels: ‹@BOBBY› Much rhetoric it seems to me – waiting for some clear actions myself

chattels: We know very well that there is a big difference between wanting to do something and getting it done.

BOBBY: Chattels…. seems to follow suit….. noise then something major

newbieIQD: I am ok, changed my name abit
newbieIQD: another day in paraside

BOBBY: NewbieIQD…… shaking things up I see lol

newbieIQD: ya need to take things to next step and really figure things out
newbieIQD: why I changed my name, thinking of going to Iraq

Comments may be made at the end of Part 2  Thank You

TNT:

UEnvoy:
  If you have been in this for a long time, over 3+ years for me, you should know it is about more than just Iraq, it is about 198 countries trying to even the playing field in trade, imports and exports from the countries that have been left out and more.

Imak:
  I was in Chase this morning and the WM I have been talking to said very plainly “Maybe next week after the Holiday”. This is not really intel but the only news I personally have.

BadScott54:
   Now this is JMHO but I think it would be awesome to release this right before the holiday and then everyone has three days to prepare and be in good spirits right after the holiday and then full speed ahead. BUT they haven’t caLLED ME YET FOR MY OPINION HAHAHAHA
….
[daz] .PLEASE WATCH THIS…MOST PEOPLE DONT HAVE A CLUE ABOUT ANYTHING RELATED TO MONEY

https://www.youtube.com/embed/bYhTFz_SGw0

OR GOLD   https://youtu.be/ndshbH3qZ6Y     

MOST PEOPLE JUST DONT HAVE A CLUE..NO WONDER THEY DONT “GET” THE DINAR

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Dinar Updates:

firefly    IMO IT’S TIME!  And STOP looking for dates and windows…Like I’ve been saying, they have ONE shot to get it right, it’s all about timing!

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

KTFA:

Pdids:  I very much respect Delta’s wisdom and his opinions as well. However, when it comes to this Bond issues, please allow me to mention that cities in the USA such as Chicago and Detroit as well as Greece sold out their ” JUNK BONDS ” which are rated considerably lower than the B- rated Bond rating of Iraq in a matter of Days, with not as much security to offer to back them as Iraq.

So, this differs slightly with Delta’s opinion. In the case of Iraq , in my opinion, no Country such as Britian or the USA are going to purchase these Bonds without security to back these Bonds without some sort of security to back them up and what does Iraq have……. OIL.

Just my opinion.

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

Backdoc:  THE REAL ISSUE HERE IS NOW THE OPPOSITE OF QUANTITATIVE EASING!

IT’S CALLED QUANTITATIVE TIGHTENING!

WATCH FOR LIQUIDITY TO ALL BUT DRY UP SOON! WHEN CREDIT SEIZES UP WE WILL SEE A CATASTROPHE! MMMM

OR SHALL I SAY ACCIDENT ON PURPOSE! HEEE HEEE   DOC   IMO

***********

Thunderhawk:  US ‘Waging Financial War’ to Shatter Russia’s Economic Power


The agreement between the US and Saudi Arabia to drop global oil prices is a financial war the US is waging against Russia’s economic power, the Mexican newspaper El Universal wrote.

The main weapons in this war are financial resources, investments, stocks, shares and capital.
Even before 2009, developed countries faced a decline in economic growth. In the US, the financial crisis aggravated the situation having provoked a tumble in the real estate market and other industries.

At that time, Russia became the world’s leading energy power having taken control over oil and gas supplies to Europe and Asia. China, in its turn, became the world’s largest holder of international reserves, the article read.

Moscow and Beijing have been implementing major investment projects in Europe and the rest of the world. With the BRICS bank established, the two countries can counter the dominating positions of the International Monetary Fund and the World Bank.

All of the above forced the US to shatter “the Russian fortress,” igniting a financial cold war, the author claimed.

Since the Russian economy receives most of its income from producing and exporting natural resources, the US conducted a dumping strike against the oil industry which has affected all oil-producing countries.

“God only knows which economy would be able to survive under the low oil prices in the coming six-seven years,” the author wrote.
Washington is saving its own economy by fueling the purchase of US dollars instead of stocks and by printing money.

The US artificially raises the dollar exchange rate so it can cheaply buy everything it needs and forces other countries to hold their reserves in dollars, the newspaper wrote.

http://sputniknews.com/business/20150902/1026510410/us-financial-war-russia.html

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Backdoc:
  MMMMM COULD IT BE THAT THERE ARE SOON TO BE RICH PEOPLE THAT NEED A CLOSE TAX HAVEN THAT DOESN’T COMPLY WITH FATCA    DOC  IMO

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

Thunderhawk:  Puerto Rican Group Calls for Reunification With Spain


A group in Puerto Rico has launched a campaign to demand that the Caribbean island break all political links with the United States and annex itself once again to Spain.

The Autonomy for Puerto Rico association is not happy about the island’s current status as a “non-incorporated US territory” and wants it to rejoin its onetime mother nation on the other side of the Atlantic, the association’s leader Ivan Arrache told RIA Novosti,
While Catalonia prepares for a vote which its separatist-minded forces see as the first step to independence, many Puerto Ricans are mulling their country’s return to Spain’s fold.

Established in 2012 the Association now has around 30,000 supporters, “both official and unofficial,” Ivan Arrache said.
“We want to become an autonomous community of Spain with a different system of taxation and trade. We want to be with Spain but not blend with it,” he added.

In August 2015 Puerto Rico defaulted on the full payment of its bonds for the first time in the commonwealth government’s history.
Puerto Rico paid $628,000 out of a $58 million payment on its Public Finance Corp bonds which were due August 1st.
The government said it was no longer able to service its $73 billion debt.

Washington promised help in the form of several loans but said that no immediate financial bailout would be forthcoming any time soon.

http://sputniknews.com/latam/20150902/1026487979/association-spain-reunification.html

                  

Backdoc:  WELL, WELL, THIS “CIS” APPEARS TO BE THE BRICS ANSWER TO TPP??

NOT TO COMPLETELY DISCOUNT IT, BUT THIS WILL IN NO WAY BE SERIOUS COMPETITION TO THE EMPIRES TPP!    DOC    IMO

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Thunderhawk:  Putin Submits Bill on Ratification of Integrated CIS Currency Market Deal

CIS is a regional organization formed by former Soviet Union members in the 1990s. The organization aims to promote economic, political and cultural cooperation, and eight of its nine members are part of the CIS Free Trade Area.

Russian President Vladimir Putin submitted a draft law to the country’s lower house of parliament Thursday on ratifying a deal on an integrated Commonwealth of Independent States (CIS) currency market.

The common financial market is to expand the use of national currencies in foreign trade payments and financial services and to strengthen trade and economic cooperation between the Commonwealth member states.

The bill has been sent to the parliament’s committee on CIS affairs and Eurasian integration.

According to the official announcement on the Kremlin’s website, the agreement, signed in Turkmenistan’s capital of Ashgabat in 2012, “contemplates direct access by the parties’ resident banks to each other’s domestic foreign exchange currency markets to conduct interbank FX transactions on terms more favorable than those offered to domestic commercial banks.”

http://sputniknews.com/business/20150902/1026483271.html

Update on the Reforms

We know that parliament was supposed to vote on the National Guard law last Saturday. Then we heard it was postponed indefinitely. We wondered why and when they would continue the voting process.

Well today we finally have word form Iraq as they are telling us in the article below why the law was stalled and when they expect to resolve the differences.

By the way I can hardly believe what I was hearing on an intel conference call just yesterday. The intel “guru” was actually telling everyone this law was passed weeks ago. Do you believe this nonsense? Why would they have 2 article then today alone on this topic if it was already settled and the law passed in parliament.  Maybe this guru is confused when his “secret’ sources from Iraq tells him that the law is passed by the council of ministers. Does he not realize there is a separation of powers in the new democracy of Iraq and thus one legislative body writes the laws, another reviews them and votes, then another has to ratify it by the president as the final step to become a law?

Looks like we have to wait until session on Monday 9/7 of next week for a vote.

So lastly in this section I present you with an article about the Investment law. They are telling us it is not yet passed. There are new much needed amendments to the law that ensures the rights of all people and aims to promote and stimulate economic and human resources in Iraq. The pressure is on and there are other programs going forward that need this law in place. We were told we would see it in yesteday’s session so I guess it was not included so they are complaining about it. That is the basis for this article. It is PRESSURE  for parliament to get off their –sses and get it done. Pardon my French….lol….

Article Follows      

NATIONAL DIFFERENCES AND FORCES “DISRUPTED” PASS GUARD: HIRE AND FIRE COMMANDER, HOWEVER ABADI

Political Since 01.09.2015 at 12:35 (GMT Baghdad)

Special – scales News
He said a member of the parliamentary legal committee Salim Chawki, Tuesday, that the current period by agreeing to sponsor the National Guard pass the law in the coming sessions, indicating that the differences in views between the National Alliance and the Union of Forces blocked a vote on the law.

He said Shawki’s / scales News / “The National Guard Law within the political document was supposed to begin during this period of time but the divergence of views between the National Alliance and the Union of Forces hampered legislation on the law,” stressing that “it was agreed to be National Guard “federal” and that is to hire and fire the commander of the National Guard, however, the Commander in Chief of the Armed Forces Haider al-Abadi “exclusively” to be approved in the Council of Ministers and the House of Representatives. “

He said the legal committee of parliamentary member, said “belonging” to the National Guard is the reason for the dispute where the powers that be Egypt Union to be the National Guard of the same conservative and may be from another province, stressing that “the National Alliance agreed to be the guard of the same conservative but leadership the province must be only “federal” and that’s what the last vote on the law. “

Shawky said that “this period sponsor agreement to pass the law in the next session,” noting that “the law will be applied on the popular crowd and clans that fought with the armed forces against terrorism, which includes the Awakening of each provinces except for the Kurdistan region.”

It is said that “MP for the coalition of state law Rubaie threatened to reject the National Guard law and return it to the government if not carried out the needs of the popular crowd,” and accused the government of “implicate” the House of Representatives the draft law. “

The “House of Representatives to postpone the discussion of the bill to the National Guard on Monday of next week,” 

Article Ends

Article Begins

ACTIVATION OF THE NATIONAL ECONOMY TO REDUCE UNEMPLOYMENT IN IRAQ DISCUSSED      

http://english.shafaaq.com/politics/15717-activation-of-the-national-economy-to-reduce-unemployment-in-iraq-discussed.html

Shafaq News / The board member of the Presidency of the Parliament , Humam Hamoudi stressed the need for the completion of the Investment Law and its approval
as soon as possible for its importance in the activation of the national economy, as well as its contribution to reduce unemployment.

Hamoudi presided over a meeting with the economic and investment commission in Parliament discussed in the presence of Chairman of the board of investment , Sami al-Araji, the new amendments to the law to reach a law that ensures the rights of all people and aims to promote and stimulate economic and human resources in Iraq.

Article Ends

Article Begins

SHEIKH D. HAMOUDI LOOKING INVESTMENT LAW STRESSES TO EXPEDITE ITS APPROVAL IN SUPPORT OF THE COUNTRY’S ECONOMY AND REDUCE UNEMPLOYMENT

01 September 0.2015

Presided over a meeting of the Committee of Economy ..heik d. Hamoudi looking Investment Law stresses to expedite its approval in support of the country’s economy and reduce unemployment.

He stressed member of the board of the Presidency of the Council of Representatives, Sheikh Hamoudi, the need for the completion of the Investment Law and approval as soon as the activation of its importance in the national economy and promote development wheel, as well as its contribution to reducing unemployment.

Search and Sheikh d. Hamoudi presided over the meeting with the economic and investment commission in Parliament, in the presence of Chairman of the board of investment d. Sami al-Araji, the new amendments to the law to break the law ensures the rights of all sober and aims to promote and stimulate economic and human resources in Iraq.

Article Ends

Update:  Economic Reforms – Bonds

I can see there is lots of confusion about these darn bonds. So let me clarify it for you.

Next I want to emphasize once again these sovereign bonds (as they mention in the article below) are the INTERNATIONAL bonds and not the bonds Iraq has just launched as NATIONAL and for the citizens exclusively. BIG difference and I need to emphasize this for a reason. The in country bonds or NATIONAL bonds are designed to take in the 3 zero notes for payment to buy the bonds and payout using USD on the bond premiums.

Why are they doing these two different bond drives?

One bond drive (International) is solely to raise capital for Iraq but do it after a revaluation of the currency value, an investment for global investors, and the other is purely to raise funds for the debt and another devise to bring in yet more of the 3 zero notes from circulation in country. 

Do you see the difference and why they are doing both of them? Let’s not confuse them. This is very important and you will see why as we see this issue progress in future news letters. Stay tuned.

I talked about both of these bonds in a recent news letters. Iraq knows they can not issue these Sovereign bonds with a very low, almost worthless currency. Not to mention the newly issued credit rating of only a group ‘B’, but as usual they may find away and try once again. 

Article Begins      

IRAQ DISPLAYS SOVEREIGN BONDS FOR SALE

2/9/2015 0:00

BAGHDAD Alaa al-Tai

Scheduled to travel a senior government delegation, including ministers, officials and experts in the financial and economic affairs, next week, to the United States and Britain to discuss the issue of Iraq sovereign bonds, and to explain the ability of the country to fulfill its obligations to investors who Septaon those bonds and Atdaolunha in markets Alaalmih.ocd high-level government source, who preferred anonymity, said in an interview singled out the “morning” that a government delegation will travel next Monday, accompanied by a credit rating talks team, to the United States and the UK to clarify Iraq’s ability to fulfill its obligations to investors who Septaon Sindh Iraqi and international promotion, in a move that serve the welfare of economic reform measures and to maximize state revenues.

The source said, “The delegation will include government and finance ministers, oil and Governor of the Central Bank and the consultants and experts in economic and financial Shan officials to discuss the process of issuing sovereign government bonds in the global financial market.”

The source noted, that the Iraqi government delegation held talks in Turkey during last June in order to promote Sovereign bonds to be issued by Iraq, stressing that the delegation held meetings with representatives of international banks also reviewed the financial and economic, political and security of Iraq report.

The source said that the talks with my company has a credit rating and the International Tribunals “Modiner and Fitch” in order to determine the credit rating of Iraq in the international capital market, also held talks with British companies rating and contacts to get a credit rating. The source indicated that Iraq’s current credit rating within the group (B), noting that the delegation will explain the possibilities and Iraq’s oil export.

http://www.alsabaah.iq/ArticleShow.aspx?ID=99287

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Article Begins

IRAQ POISED TO MEET INVESTORS AHEAD OF CRUCIAL BOND SALE
BY MICHAEL TURNER

LONDON, Sept 2 (IFR) – Iraq plans to begin marketing a new Eurobond (or sovereign bonds) following the Labor Day holiday in the U.S., according to several sources, as the sovereign hopes to issue in the capital markets for the first time in nearly a decade.

Representatives from the country are expected to meet investors across the U.S. and Europe ahead of the deal, which is likely to be unsecured.

Citigroup, Deutsche Bank and JP Morgan will be the lead managers, the sources said.

The U.S. Labor Day holiday is on Sept. 7.

The sovereign is seeking to raise up to US$6 billion through bond sales to relieve the pressure of low oil prices on state finances, though sources indicate this first deal will be much smaller.

Last month Iraq received its first international credit rating after Fitch assigned a B- rating with a stable outlook, six notches below investment-grade.

In its assessment Fitch cited political risks and insecurity that are among the highest faced by any sovereign rated by the agency.

Iraq last issued an international bond in January 2006. That US$2.66 billion 5.80 percent deal matures in January 2028. The note is trading at a cash price of 75.50, according to Thomson Reuters, to yield 10.23 percent.

http://www.reuters.com/article/2015/…1181VZ20150902

Article Ends

Till next time…. Auf Wiedersehen!

Peace and Luv To Ya All, 
Mnt Goat

(Thank you George for emailing this to Dinar Recaps.)

UU6802 – “The Reforms Continue – A Critical Period” by Mnt Goat

Hello Everyone,

If you are reading this news letter today for the very first time I welcome you. But I highly recommend you continue to read it since my news letters connect together and they are a continued saga of the Iraqi dinar revaluation story. I bring no hype or rumors. If I am giving you my personal opinion I will tell you it is only my opinion.

My news letters today is brief with only 7 pages….lol…..I am trying to keep them short. But if only want a date and a rate you can get that from somewhere else and they can give you a couple words or else and be done.

I personally do not think that ANY one event is “holding up” the revaluation process but simply Iraq it not yet ready. When will they be ready?

WHEN EVERYTHING IS IN PLACE AND THEY (IRAQ, UN and USA) FEEL COMFORTABLE WITH THEIR SITUATION !

There is no boogieman behind a curtain that belongs to the cabal or secret society holding this RV back. There is no secret society or others working to make the government better (better for who?- their group to take control?), as some have told you. This is simply all foolishness and must stop.

Today’s News

Today is Wednesday September 2nd and still no RV or hopes of an RV window until at least mid September. 

I told you from mid August to mid September would be a very critical time for getting these reforms accomplished. I told you Abadi would make a final push to get them completed and it would be very sudden and unexpected by most.

I told you that “if” this reform process is successful, we would be in a great window to possibly see the currency reform project pick up momentum and maybe see a significant increase the value of the Iraqi dinar and the continuation of the “deletion of the 3 zeros” project. I firmly expect Dr Shabib to come back to an “official” capacity to head up the CBI once again before these projects kick off fully.

Let’s get going with today’s news. There is much news again and I will attempt to summarize it for you and put it into perspective.

So recently the three presidents including the prime minister, the speaker of the house and the formal president of Iraq met and what were they discussing? These meetings do not happen very much and so when they tell us about them we must pay attention. Something HUGE is about to happen. It always does as the past has told us.
Yesterday’s meeting was about the final push to get the needed critical legislation completed. Once again the are telling us what this key, critical legislation is – “The meeting felt the importance of the completion of key legislation, including the National Guard and the Federal Court and national reconciliation laws”.

So there it is. Their words not mine. No hype or rumors. This is what they are targeting in the next couple weeks. Read it for yourself. 

I also included an article so everyone can see the intentions of Abadi and the cleanup of the money laundering operations. So not only is the CBI making an effort to prevent money laundering but now we see the GOI (under Abadi’s direction)  finally stepping it up and going after the culprits.

Article Begins

THREE PRESIDENCIES MEETING ENDS WITH A SMILE        

Tuesday 01-09-2015 | 12:44:54

M P

Twilight News / Search Iraq’s three presidencies meeting the security situation and file reforms and ways to strengthen state-building and issues related to the completion of the legislation.

A statement by the Presidency of the Republic that the conferees expressed their support for practical steps that meet the interests of the Iraqi people to accomplish what was voted on government and parliamentary reforms.
The Prime Minister stressed the need to go all the reforms are carried out in accordance with the Constitution and the law.

As it has praised the military operations led by the Iraqi army and security forces and members of the popular crowd and the Peshmerga and the sons of the tribes in Anbar and Peggy multiple areas of Iraq.According to the statement.

The meeting felt the importance of the completion of key legislation, including the National Guard and the Federal Court and national reconciliation laws.

The meeting also stressed that the economic and financial side is one of the priorities of the executive and legislative bodies that are being focused on reforms in the file, stressing that the provision of essential services to the Iraqi citizen is located within the basic obligations that state institutions seeking to implement them.

https://translate.google.com/translate?depth=1&hl=en&rurl=translate.google.com&sl=auto&tl=en&u=http://www.faceiraq.com/inews.php%3Fid%3D4143243

Article Ends

Article Begins

ABADI ORDERS RE-SMUGGLED MONEY
02/09/2015 13:49 pm

Baghdad scales News
It ordered the prime minister, Haydar al-Abadi to form a higher committee competent to recover funds stolen and smuggled in inside and outside Iraq, stressing the need to prosecute those involved stealing money and submit to eliminate characters.

The government said the morning newspaper in its edition on Wednesday, and followed up / scales News / “The Council of Ministers form a government committee to follow up on the country and the recovery of money stolen and smuggled out of Iraq, and working to detect smuggling operations involved.”

She said “billions of dollars that have been smuggled out of the country, enough to remove Iraq from the financial hardship experienced by, resulting from the lack of revenue due to lower selling global oil prices, and its impact on economic and monetary reality.”

She explained that “the government has taken a series of measures recently in order to reduce corruption and money smuggling, the steps that comes as part of the reforms package and activate the role of the regulatory institutions and the disclosure of spoilers and activating the role of the Anti-Corruption Council, which was formed recently under the chairmanship of Abadi and in cooperation with the judiciary.” .anthy 29 / d 25

Article Ends

CBI Corruption

Like clockwork we see PM Abadi now beginning the effort to clean up the CBI and its corruption as part of his phase III reforms. I have told you this was coming very shortly. It simply had to. Many of you have said what is taking Abadi so long?  Well if you were in his shoes you would probably give up and run away. So patients and lets see how he handles these issues.

I have repeatedly told you that, it was not my feeling or rumor that Dr Shabibi must come back to the CBI, to complete the project to delete the zeros and the currency reform phases, but rather it is in the plan and it has to play out or there is no way for them to clean up this economic mess. 

Now they are telling us that Abadi is to form special committees to open files of corruption on the Central Bank of Iraq (CBI), and on the issue of the dismissal of the former province Shabibi, and the like of the charges brought against him by the mafias of corruption that seized power in that period. But we all know Dr Shabibi has already been  vindicated from any crimes…did we not hear this many months ago? So what is this investigation now really about?

So now Abadi has to after the culprits in the CBI dealing with this money laundering and anyone involved in supporting Maliki as he raided the CBI reserves. Abadi also has to replace the current proxy governor since his ties with Maliki are too strong. It is time now for this work.

In my last news letter I stated that the current proxy acting governor does not have the experience to handle the current financial crisis of Iraq nor does he not have the solutions necessary to clean up the mess that former PM Maliki left behind. Seems every plot to raise capital for the deficit seems to backfire on the CBI. They keep hitting roadblocks on the tariffs, bonds and other sources to raise revenue without a change in value to the currency.

So this is exciting news I bring to you today is in 2 articles I included below on the same topic. So it too is very important. I said they intend to do something very shortly (need to do something very shortly is more like it) with the currency value. Iraq is at that point    they must finally join the international community or stay as a third world country. 

We all should be very, very excited since this is ONE of the keys to opening the lock to begin the RV process.
I will talk more about this in my future news letters.

I also included a third article and I know this INDIRECTLY impacts the plan to clean up the CBI. They desperately need the help of Dr Shabibi and they know it. They are asking him to head up this committee although we know he is not going to take the job unless he has a FREE HAND and INDEPENDENCE to operate, manage and institute change as needed as the governor of the CBI.

None of these three articles comes right out and tells us directly but we can read behind the words they present that they are desperate and need sound economic advice from an expert.
     
The last article in this section is about the central bank telling once again about  the issuance of new currencies in both categories [50] thousand and [100] thousand Iraqi dinars end of this year. Remember it was just a few weeks ago that the CBI announced they would and could only issue the 50 thousand notes now and then wait till 2016 sometime for the 100 thousand notes. Now they are telling us they are going to wait for both the 50 and the 100 thousand notes till 2016. So what has changed? This one we will have to watch closely. Do they know what they are doing? Remember they can’t issue any of these new notes unless the value of the currency increased and they are no the new low denoms. These  2 large newer notes ARE NOT TO BE USED IN THE GENERAL PUBLIC along side the existing 3 zero notes (as they are using today).

Article Begins

ABADI CONSTITUTE SPECIAL COMMITTEES TO OPEN THE CENTRAL BANK OF FILES .. AND THE ISSUE OF THE DISMISSAL OF THE FORMER PROVINCE SHABIBI!

Date: Mon 08/31/2015 14:19     

Worth Iraqi Prime Minister Haider al-Abadi, a heavy legacy of corruption and the corrupt accumulated during the reign of his predecessor, Nuri al-Maliki, making his way to the application of full reforms of obstacles and mines.

And show the observers the Iraqi affair concern the seriousness of the files that Abadi accept the open, and that are related to very serious Pmaviac tightened rings work during the eight years ago during the reign of al-Maliki of the country, and earlier, calling Abadi to be handled with caution.

He said one of the most prominent Iraqi ministers said that “al-Abadi said during a recent cabinet meeting on Amadah the path of reform and confront the corrupt whatever it takes,” noting that it “opens You very serious and linked Pmaviac and the leaders of the militias.

“explained the minister, who preferred not to be named, said:” Abadi form special committees to open the Central Bank of files, and the issue of the dismissal of the former province Shabibi, and the like of the charges brought against him by the mafias of corruption that seized power in that period.

“He added that” the committees also open the Real Estate State and sold file and acquired by the political and partisan forces of a window in the previous governments, as open oil licensing contracts file and marred by charges of corruption and deal with international oil companies.

“He stressed that” those files The files of the most dangerous in the country, which is hazardous to the reformist project Abadi, Abadi has personally reactions unexpected faces by those in charge of those files and Mavyatem “.

http://www.chakooch.com/news.php?action=view&id=7344

Article Ends

Article Begins
Political Sources:
ABADI FORM COMMITTEES TO OPEN THE FILES, AND THE CENTRAL BANK SALE OF PROPERTY STATE      

He wrote: August 31, 2015

Political sources revealed that the prime minister Haider al-Abadi said during the last meeting of the Council of Ministers Amadah the path of reform and confront the corrupt whatever it takes.

The sources said that al-Abadi form special committees to open the central bank files and the issue of the dismissal of the former province Shabibi addition to the Real Estate State and sold file and acquired by the political and partisan window forces in the country, saying that the issues of the most dangerous files facing the reformist

Article Ends

Article Begins

ECONOMIST CALLS FOR THE DEVELOPMENT OF AN EMERGENCY PLAN TO STABILIZE THE IRAQI DINAR

Date: 08/31/2015 13:41 Information / special / .. Called economic expert, Mohammed Abdul-Zahra, on

Monday, the central government for an urgent financial plan to control the stability of the Iraqi dinar against the dollar. He said Venus told / information / that “the survival of the financial situation for what it is, especially since the country live a severe financial crisis represented delay staff salaries and delays in the implementation of projects and the lack of financial liquidity,” noting that “those things have contributed and contribute to the instability of the Iraqi dinar against the the dollar. ” Abdul-Zahra and stressed the need for “urgent government put a financial plan in order to avoid falling into a major crisis in the Iraqi economic.” Finished / 25

Article Ends

Article Begins

ASK CATEGORIES [50] AND [100] THOUSAND DINARS CURRENCY CASH END OF THE YEAR      

Baghdad –
Detection of the parliamentary economic committee member Ahmed Kanani, on Tuesday, the central bank for the issuance of new currencies in both categories [50] thousand and [100] thousand Iraqi dinars end of this year.

Said Kanani told all of Iraq [where] that “the Iraqi Central Bank, in connection with the issuance of currency in both categories [50] thousand dinars and [100] dinars, printed”. Noting that “put this category to the market will be the end of the year.”

Kanani said that “the class [100] thousand dinars printed, will be under the experiment [50] thousand dinars,” pointing out that “the new monetary category will work the end of this year.”

It is said that the CBI is now dealing with a class [25] thousand Iraqi dinars at a time when the country is experiencing a financial crisis due to low oil prices, and warns some specialists that the issue of Iraqi currency more than the limit will lead to the low level of the Iraqi dinar against the dollar and other currencies. end

Article Ends

Link to PART 2

Post From Wealthwatch.world Chat Room  9-2-15
Wealthwatch Afternoon Chat   9-2-15

Tootsie: Wednesday, September 02 2015 16:53 Integrity court issues warrant against bringing in electricity minister on charges of squandering state funds BAGHDAD / Baghdadi News / .. revealed a member of the House of Representatives of the National Coalition MP Kazem al-Shammari, Wednesday, that the court of inquiry Integrity issued a warrant for the introduction of the Right and Electricity Minister Qassim Fahdawi. 

Al-Shammari said in a press statement received / Baghdadi News /, a copy of “court of inquiry Integrity issued a warrant for the introduction of the Right and Electricity Minister Qassim Fahdawi in accordance with Article 340 of the Penal Code.” 

“The charges faced by Fahdawi of squandering state funds related to legal and abuses, including equivalents exchange outside powers and rental of premises to set up and Toc and other illegal means to waste of public money.”
~~~

 It is said that the House of Representatives questioned last Saturday and Electricity Minister Qassim Fahdawi on corruption charges, while Council declared his conviction answers. It ended wealthwatch.world/showthr…

http://wealthwatch.world/showthread.php?tid=1982

Tootsie: Iraqi Kurds suspect another chemical attack by Islamic State Posted on September 2, 2015 by Editorial Staff in Military ERBIL-Hewler, Kurdistan region ‘Iraq’,— Kurdish authorities in Iraq’s Kurdistan Region said on Tuesday they suspected a homemade rocket fired by Islamic State at their peshmerga forces in northern Iraq contained chemical substances, accusing the Islamist insurgents of an increasing use of chemical weapons.

The Kurdistan Region’s Security Council (KRSC) said the attack had taken place along the front line north of Mosul on Aug. 31, and one peshmerga fighter was receiving treatment in hospital. A “considerable amount” of yellow smoke was produced, it said.

Samples taken from the site of another attack earlier this year tested positive for chlorine, and at least two other incidents are being investigated. “This is one of an increasing number of attacks in recent months suspected of carrying chemical substances,” the KRSC said in a statement.

“We remain deeply concerned with the escalation and delivery method of these attacks, and urgently call on the International Coalition to provide protective equipment to peshmerga forces,” it said, referring to the foreign powers, led by the United States, supporting the fight against Islamic State.

 Last month the German defence ministry said chemical weapons used by Islamic State against Iraqi Kurds. “There was a chemical weapons attack” southwest of Erbil, the German ministry spokesman told AFP.

The Organization for the Prohibition of Chemical Weapons in The Hague has expressed its concern about the alleged use of chemical weapons in the region but has said either Baghdad or the U.N. Security Council would have to make a request if the OPCW were to investigate. wealthwatch.world/showthr…

http://wealthwatch.world/showthread.php?tid=1983

Tootsie: time for me to boot scoot ~

Tootsie: today ~ I am not afraid of an army of hostile lions led by a sheep; I am afraid of an army of sheep led by a lion ~~ Alexander the Great

TxBrand: twitter.com/IraqLiveUpdat… Iraq Live Update ‏@IraqLiveUpdate Reports that a 2nd batch of 5 more F16 jets are delivered to #Iraq

https://twitter.com/IraqLiveUpdate/status/639127941507608576

TxBrand: ‘Isis’ weapon shipment intercepted by Greek coastguard off Crete www.ibtimes.co.uk/isis-we… http://www.ibtimes.co.uk/isis-weapon-shipment-intercepted-by-greek-coastguard-off-crete-1518013

TxBrand: ‏@IraqLiveUpdate · 1h1 hour ago Iraq Live Update retweeted Armin al-Tusi Barzani must’ve learnt a lot from Saddam, not least how to glue himself to presidency till death doth them apart twitter.com/IraqLiveUpdat… https://twitter.com/IraqLiveUpdate/status/639133051440771073

newbieDA: President of the Parliament stresses the need for coordination with the Iraqi government and other parties to come out with positive results to crises, attitudes and values ​​of all international and regional efforts to support and assist Iraq 02 September 0.2015 Eighth Parliament Speaker Dr. Salim al-Jubouri on Wednesday,

all international and regional efforts to support and assist Iraq, and strengthen his position and resolving all crises faced by the political establishment across the scene of conferences, seminars and pouring their results in the interest of the Iraqi people.

 He stressed in a press statement on the great interest in the need for higher coordination and shared with the government and other Iraqi parties for the purpose of traffic within the framework of national and one common vision, for shaping the political action depends mainly on the principle of advice and dialogue and joint coordination, to come out with positive results uniform over all the crises and situations.

The sovereignty that the unification of local and international and regional efforts is an urgent need, especially at the present time, in order to edit usurped cities and defeat al Daash terrorist and an end to its presence on the land of Iraq, and the return of displaced people and the reconstruction of their areas and provide a decent life for them and for every Iraqi citizen.  newbieDA: translate.google.com/tran…

http://translate.google.com/translate?js=n&prev=_t&ie=UTF-8&tl=en&u=http%3A%2F%2Fwww.parliament.iq%2F

OOTW: ANY ONE WHO HAS BEEN A MEMBER HERE SINCE WE OPENED THE SITE, MAY REMEMBER THIS THREAD AND RELATED CHAT…HERE IS AN ARTICLE ON THIS – WHICH I HAVE JUST POSTED IN THE OLDER/RELATED THREAD

OOTW: Conference with the participation of Iraq .. Arab Economic Council confirms merchandise trade liberalization between Arab countries   OOTW: wealthwatch.world/showthr…

http://wealthwatch.world/showthread.php?tid=56&pid=4298#pid4298

OOTW: HERE’S THE ARTICLE

OOTW: BAGHDAD / … The Ministry of Commerce, Wednesday, that the economy and meeting the Council Conference held in the Egyptian capital Cairo with the participation of Iraq confirmed commodity trade liberalization among Arab countries. ‘

According to a statement of the ministry he received “eye Iraq News”, a copy of which he “began last Sunday for preparatory meetings and activities of the work of the 96 regular session of the Economic and Social Council at the Arab League headquarters in Cairo at the ministerial level, who heads the United Arab Emirates its current session. ‘

“The delegation headed by Iraq at the level of senior officials included the Director General of the Department of Foreign Economic Relations, Ministry of Hashem Mohammed Hatem to attend meetings of the Economic Committee of the Economic and Social Council.”

 The statement pointed out that the meetings of the Economic Committee held during the period from August 31 to September 1, 2015, and has been discussed many important topics and the agenda of the Commission, starting with the report of the Secretary-General to follow up the implementation of decisions of the previous session, and display economic activity sector between the two sessions of the Council 95 and 96 “.

The meeting included the statement said “issues of the economic aspect, which will be presented to the Council, including the economic profile of the University Council at the summit level at its regular 27,

 and follow up the implementation of economic paragraphs to the Lima Declaration issued by the Third Summit of Arab and South American countries [Lima],

 which included many economic areas that will enhance Arab economic relations between the Arab countries and South American countries, along with follow-up to decisions of the Arab Economic Summit Africa at its third session in Kuwait in 2013, will also be displayed Multi ways of cooperation with the United Nations and its specialized agencies in the economic aspects.

The statement also noted the meetings stressed the need to follow up the implementation of the Greater Arab Free Trade Area and the developments of the Arab Customs Union through the liberalization of trade in goods between the Arab countries in terms of follow-up, performance and liberalization of trade in services between Arab countries and customs cooperation Arab,

as well as the importance of communication with the international economic blocs and technical secretariats to serve the university membership as an observer in the World Trade Organization and all topics that will enhance regional integration at the level of the Greater Arab Free Trade Area of the Arab Customs Union,

and the development of frameworks and mechanisms necessary to complete the requirements of the region and work to implement them in accordance with the time frames specified for that.

The Minister of Trade Mlas Mohammed Abdul Karim will head the Iraqi delegation to the meeting of the Economic and Social Council of the 96 edition at the ministerial level, which will be held on Thursday to approve the recommendations submitted by senior officials to be held on Wednesday .anthy 1

OOTW: YOU “LONG TIMERS” LOL, MAY RECALL THAT THIS IS A SUBJECT WE DISCUSSED ON OUR FIRST AND ONLY CONFERENCE CALL

OOTW: THIS IS VERY GOOD NEWS

Doug_W: yayyy I like good news YAYYY

BOBBY: OOTW……. any plans for a call anytime soon?

OOTW: WELL NOT SURE BOBBY

OOTW: I FEEL THERE’S A NEED ESP AFTER THE IRAN NUKE DEAL SEEMS TO HAVE PASSED THE SENATE – AND ALSO THERE’S AN ARTICLE BEING CIRCULATED AROUND THE WEB, AN ART FROM JC COLLINS –

WHO IS BACKING UP WHAT MANY “NOTEWORTHY” PERSONALITIES ARE SAYING, THAT THE USD IS GOING TO LOSE AT LEAST 30% BEFORE NOVEMBER

BOBBY: OOTW….. that article was posted on recaps

disciple7: ‹@OOTW› what do u think about Irans currency with all that has been in the media? i see there is an Iran part of the forum now also.. do u think its worth investing into? and also do u think this will help Iraq out at all?

BOBBY: question…….. is it legal to own the Iran Rial?

disciple7: i know u cant give investing information so rather iyo do u see Irans currency value rising like we all await Iraqs doing?

BOBBY: been hearing 2 different stories

disciple7: ‹@BOBBY› not sure.. if u can get it on ebay how could it be illegal?

BOBBY: one of them fron a currency dealer

Stash: I got some on ebay today

BOBBY: disciple 7…. was told that its sold as novelity only, trying to find out for sure

TxBrand: ‹@disciple7› you bought Iran currency ?

Stash: yes on ebay 100,000 for $16.00
Stash: I bought 200,000
Stash: free shipping…..so the most I can loose is 32.00 lol

OOTW: ‹@disciple7› I THINK PEOPLE SHOULD DO THEIR OWN RESEARCH  OOTW: :)

Stash: you are right OOTW

OOTW: ‹@Stash› :)

BOBBY: OOTW….. any thoughts on the Iran deal?

TxBrand: ‹@Stash› I found some for 9.90
TxBrand: lol

Stash: oh no….you will not loose as much as me  lol

TxBrand: its funny they are selling 5 x 100000 for 50… but then they sell 100000 for 9.90  :cwy:

 Stash: that figures haha
TxBrand: by the small amount !!!  lol
TxBrand: you will save 50 cents !!!

BOBBY: wonder if they will start Rial Recaps ? lol

Stash: yes and is the shipping free….my 16.00 was

TxBrand: yep
TxBrand: ‹@OOTW› this is the best chat i have ever been on…. and i have been on my share…

Stash: me too Tx

MichelleL: you guys buying iran riyal?

TxBrand: but just a little

MichelleL: where did you buy iran riyal for 9.90 Tx?
MichelleL: i dont know if i want to mess with all my foreign currency success Tx ROFL~
MichelleL: thanks

TxBrand: i only bought 2  :ninja:  :pinch:

TxBrand: I have always bought foreign currency.. all my life… so i don’t care if i make anything,,, just a hobby of mine… of course i have never bought that much till i got into the dinar

MichelleL: ‹@TxBrand› I don’t know if I’d go any further – whats the value now? bout as good as a dinar, huh?

MichelleL: lol gotcha Tx

TxBrand: i have no idea

MichelleL: lol
MichelleL: I am not planning on

TxBrand: o.oooo99 at 9.90

MichelleL: “winning with iran”
MichelleL: lol

TxBrand: 000099,,,

MichelleL: maybe i’ll get 20 bucks for me, 20 for my sister lol – maybe…

Doug_W: ‹@MichelleL› don’t 4get me

MichelleL: then again, iran is not on my “love” list

TxBrand: hubby was all EYES when i told him… he did not want me to give money to Iran… lol i said its coming from Calif. !!!  lol

MichelleL: i’m resisting temptation, Tx, but maybe it will buy you a house lol

President of Kurdistan Massoud Barzani discussed on Tuesday with representatives of a number of Kurdish parties the political crisis in the region and ways to overcome it.

A statement by the presidency of the province said today that Barzani met with the political parties and representatives of the components who are not participating in the five-party meeting.”

“The meeting discussed the risks facing the Kurdistan region and the crisis in the presidency of the region,” adding that the meeting stressed the need to speed up to find a national solution to this crisis.

Barzani said during the meeting to “the need for the participation of senior cadres of political parties in Kurdistan Parliament, to enable Parliament to resolve the issues and fateful topics, and decisions be under the roof of the parliament,” ./ End

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Oil Ministry announced on Tuesday the exporting volumes of crude oil and the revenues for the month of August, according to preliminary statistics issued by the Iraqi Oil Marketing Company “Sumo”.

A statement of by the Ministry quoted its spokesman Assem Jihad as saying that the total quantity of oil exports last month reached more than (95.447) ninety-five million, four hundred and forty seven thousand barrels, while the revenue amounted to (3.874) three billion and eight hundred and seventy-four million dollars.”

Jihad said that the total volume of oil exports from southern ports in Basra was (93.655) ninety-three million and six hundred and fifty-five thousand barrels, while exports through the port of Ceyhan reached (1.791) a million and seven hundred and ninety one thousand barrels.”

He said that the sale price of a barrel of crude oil was approximately (40.598) dollars.”

The Oil Ministry announced a rise in exports of Iraqi crude for the month of July compared with June in spite of the stops and reduced oil exports through the Turkish port of Ceyhan to high records. / End

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