Investing.com –

Investing.com – The New Zealand dollar jumped on Wednesday after the central bank governor said it should be weaker consistent with the economy while adding that sharply lower interest rates are not the way to that goal.

NZD/USD traded at 0.6720, up 0.62%, while AUD/USD traded at 0.7342, up 0.09% and USD/JPY changed hands at 123.59, up 0.02%.

A weaker New Zealand dollar would be consistent with current economic conditions, Reserve Bank of New Zealand Bank Governor Graeme Wheeler said Wednesday in a speech on monetary policy, dismissing predictions for large declines in interest rates because that would be consistent with the economy moving into recession.

“Our models suggest that the real exchange rate is currently in the vicinity of its long-run equilibrium value – if growth, inflation, and the terms of trade were at their long-run trends. However, the exchange rate remains above the level consistent with current economic conditions and, in particular, the current low level of export prices,” Wheeler said in a speech delivered to ExportNZ in Tauranga, New Zealand.

The current account deficit level is expected to become larger over the next two years based on recent New Zealand dollar level and terms of trade, he said.

“At current levels of export prices, a more substantial exchange rate depreciation is therefore required to stabilise the net external liabilities position relative to GDP,” he said.

Ahead are Japan retail sales for June with a 0.5% gain seen year-on-year.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell 0.01% to 96.75.

Overnight, the dollar trimmed gains against most of the other major currencies on Tuesday, after data showed that U.S. consumer confidence deteriorated this month, while markets awaited the conclusion of the Federal Reserve’s policy meeting this week.

The Conference Board, a market research group, said its index of consumer confidence fell to 90.9 this month from a downwardly revised 99.8 in June. Economists had forecast a reading of 100.0.

A less optimistic outlook for the labor market, as well as uncertainty and volatility in financial markets prompted by the situation in Greece and China sapped investor sentiment, the report said.

Other reports earlier Tuesday showed that U.S. house price growth stalled in May, while activity in the service sector picked up this month.

Investors were looking ahead to Wednesday’s Fed statement to see if policymakers would give any indication on the timing of an initial rate hike.

Fed Chair Janet Yellen has said the central bank could raise rates as soon as September if the economy continues to improve as expected.

The U.S. was to release figures on second quarter growth on Thursday, which were expected to show that the economy rebounded following a contraction in the first quarter following an unusually harsh winter.

Volatility in Chinese equity markets has roiled the Aussie, because of the country’s strong trade links to China.

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The I.Q.D. Team Connection with Straight Talkin’ Mike, L.J., Diana, Debbie & Kimberly
Tuesday, July 28, 2015  

REPLAY OF CALL

or Call: 760-569-7699 / Pin: 769478#

What a Great Night of News & Discussion with Straight Talkin’ Mike & L.J.

                 “THE I.Q.D. Team Connection”
                    Connecting All The Pieces

==============================================================
Listen to the replay in its entirety for all the latest News from Iraq & The IQD Team
==============================================================

As Always… Discussion and Analysis of the Latest Iraq, Dinar & RV News…
Pre & Post RV Information… Q & A

MY LADIES:  TO BE CRYSTAL CLEAR

1)  NOVA AND I ARE NOT SAYING THE CBI WILL BE REPRICING THE DINAR AT 1095 ON SUNDAY.

WE ARE SAYING THAT THE CBI HAS SAID THEY ARE SELLING BONDS ABROAD TO RETAIL INVESTORS AT A RATE OF 1095-1. LET ME REPEAT THAT THE CBI SAID 1095-1.

2) 1166 IS NOT AN EXCHANGE RATE IT IS A PROGRAM RATE. IT IS NOT PEGGED TO THE DOLLAR. IF IT WERE PEGGED TO THE DOLLAR IT WOULD BE MOVING WITH THE DOLLAR LIKE EVERY OTHER CURRENCY AND THE DINAR DOES NOT DO THAT.

IT IS FLAT ON FOREX AND HAS BEEN FOR YEARS. THAT IS BECAUSE IT  IS NOT TRADING…
….

3) IF IN FACT THERE IS A BOND SALE ON SUNDAY AUGUST 2ND  AND IS OPEN TO THE INTERNATIONAL STAGE THEN ONLY ONE OF 2 THINGS CAN BE A FACT, THE FIRST ONE IS IRAQ HAS CLAIMED 1166 AS THEIR RATE AND ARE MAKING CONVERSIONS AT 1095-1 OR THEY HAVE DECIDED TO HAVE 1095 AS A STARTING POINT.

4) CAN 1095 BE A DISCOUNT PRICE?? MAYBE. BUT NOT LIKELY BECAUSE THIS IS OPEN FOR RETAIL INVESTORS AND DISCOUNTS DO NOT USUALLY APPLY TO RETAIL.

5) WHAT IS A RETAIL INVESTOR??? THE LITTLE PEOPLE. SMALL AND MEDIUM ENTERPRISES.

6) SO I JUST EXPLAINED THIS ON THE CALL I JUST DID AND MISSION TOOK GREAT NOTES I WILL POST THEM IN A MIN.

TO BE CRYSTAL CLEAR NOVA AND I ARE NOT SAYING THE DINAR WILL REPRICE ON SUNDAY AUGUST 2ND AT A RATE OF 1095!!!

**********

My Ladies and Nova CC Notes 7/28/15

A quick, fast, easy, painless call of explanation re. the 1095 rate and bonds:

MY LADIES:  Perhaps we are misleading people or using the improper verbiage or not getting our point across thoroughly or a variety of things with regard to the call we had last night.

Neither Nova or I said, and neither would he nor I say, anything that the Central Bank of Iraq isn’t saying.  After last night’s call I’ve had to make all kinds of calls write posts to explain.

I don’t know and Nova doesn’t know if 1095 is going to be the exchange rate of the Iraqi dinar.

What we said is the Central Bank of Iraq said they are selling bonds — their verbiage was “abroad” — at a rate of 1095 to 1 USD.  They’re selling it in dinar.  That’s what we said and what the CBI said.

Now, what Nova and I said is that the Central Bank of Iraq, the Government of Iraq, or anybody can’t sell bonds abroad, international, whatever word for outside the country, without having an exchange rate. 

Are Nova and I saying that 1095 is the new exchange rate for the Iraqi dinar?  No. 

I just need to make this clear, because I just got called out on this and need to make it crystal clear to all that it cannot trade outside of Iraq without an exchange rate. 

The Central Bank of Iraq said they’re looking for retail investors abroad to purchase bonds in dinar, in these denominations.

Apparently many people don’t understand this.

MY LADIES: If the CBI goes through with the sale on Sunday, that means the Iraqi dinar is crossing borders, meaning the Iraqi dinar must have a conversion rate. 

So now, if it has a conversion rate, it’s crossing borders and has a rate somewhere between 1095 and 1166, which is a program rate, not a proper exchange rate.  It’s been said to me the 1095 is a discount rate and that discount rate is where the 6.1% will be (?).  But that can’t be, because you won’t see a discount rate on a retail bond sale.  This isn’t a discount rate, and CBI says nothing about a discount.


If it is 1095, a number the CBI pulled out of their a$$, we know the bonds won’t sell for a penny over 1095, as stated by CBI.  So they need to adopt a rate somewhere between 1166 and 1095.

NOVA:  Did I not just get angry on the call we just had because we were getting caught up on minute details?  That wasn’t the point.  The point is they can’t do this without an exchange rate across borders, in dinar.  Let’s not get caught up … just watch and see what they do.

MY LADIES:  Seriously, I know the room was confused, because I had to do several calls today.  If they sell the bonds quicker than the 27th, will they reprice?  I don’t know. 

Will they keep the rate from Aug 2 till the 22nd, or whenever?  I don’t know. 

I just want you all to be crystal clear.  If you see this at 1095, we don’t want anybody to panic, get distraught, depressed, don’t give away your dinar or throw it down the toilet.

I really need to make sure you all understand what Nova and I are saying.  It’s going somewhere.  The CBI doesn’t make mistakes when it puts out PBS (?).  They don’t mis-word.  They write very well.

NOVA:  There is 100% confirmation of what we said yesterday, that Iraq is ready to enter the world, has started this thing.  No one on this call is a billionaire right now (may be one later).  My point:  We don’t have the ability to go directly to the ISX.  Using our computer, we go to a conduit. 

Iraq just made an invitation through a firm in London to make application to whoever wants to offer you a direct link to the ISX … must have application in by Aug. 27. 

Is that a date?  No, but that action doesn’t work without an exhange rate.  So it’s 100% confirmation that they ARE starting the whole process, and it’s exciting!

Essentially, when we trade, it goes through a clearing firm, which goes to a special  NYSE floor or computer, which hooks up with NASDAQ and it facilitates the transaction.  It looks like we’re doing it, but we’re not.  It ultimately goes through a clearing firm.  Iraq has said, Here’s the clearing firm we’re using, giving the requirements, and saying they need to apply by Aug. 27.  It’s wonderful news.

MY LADIES:  So ISX is opening their doors to brokerage houses around the world that could support you or me so we can buy stock on ISX (they’re being discretionary) – can go to etrade and do it.  That is very telling and gives you all the info.  The top part says in Arabic ANY FIRM INTERESTED IN TRADING HAVE UNTIL AUGUST 27TH TO SUBMIT AN APPLICATION

MY LADIES: So we have bonds going abroad on Sunday and ISX taking apps for retail side, due on the 27th.


The reason this is happening is because the GOI has no money.  The GOI is broke, and they can’t get dinar from the CBI.  They have to create an event in order to raise the funds they need. 

MY OPINION:  1 trillion dinar isn’t taking them too far down the road, because that’s what they’ll generate.  They have something like a 25 trillion deficit already.  So I’m not necessarily implying anything, but put your thinking cap on.

NOVA:  There’s not even 100 trillion in the world.  The whole thing is they’ve turned the engine on, and it’s wonderful.

MY LADIES:  Again, this isn’t Nova and me saying these things.  This is the CBI and ISX.

This was formal, on their letterhead, they put out today.  So keep that crystal clear, and let’s see what they do on Sunday.  If they trade, it’ll be between 1095 and 1166.  They can’t change the rate last minute.  This took time to do, and it would be stupid.  This way makes 100% sense to me … dinar in and USD out, because IQD will be worth more than USD down the road.  So this is the perfect way to do it.

Mark’s question:  (re. ISX app)   If app isn’t due till end of month, do we still have a month to wait?

MARY?  They won’t change the bond rate from 1095.  That’s set in stone.  What’ll happen if they all sell in a few days?  MY OPINION:  I feel very confident they’re not changing or moving anything for the month of August.

OK SO NOW I HOPE WE ARE CRYSTAL CLEAR ON WHAT IS HAPPENING IN IRAQ!

TNT:

Iko Ward:
  Guys, I think it started, we’re just waiting on line for our turn…. I have seven screens open 24/7 showing current conditions. It’s all good. It’s all stable. And it all agrees with Tony’s assessment.

Iko Ward:  You guys can do it too if you want. cbi.iq; CNN Money World Markets; ISX home page: DFX Crude Oil Chart; KITCO Spot Gold Chart; Forex (but unless you want to pay 5K just find a secxondary forex chart platform); and Bloomberg home page.

Believer2 :BJ, do you know why things are so quiet right now? Not hearing any intel today

Blackjack7 : Believer from my people everything is done, just waiting for that flip of the switch…pushing a button, flipping a switch, it’s all the same to me JUST DO IT!!!!

zzzzzzzz :
Turn the crank… pull the trigger… dot the I… cross the T… throw the party… push the button… start the process… open the doors… release the Kraken… flip the switch… WE ARE READY!!!
….
JD:  BJ any ideal who or what is holding it up

Blackjack7
:if you don’t want unrest and rioting because of promises that have been made and not kept then something has to be done…this restores faith in the people

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

GodBlessTony:  Respected Financial Guru, Bill Holter says The Banking system is coming down 07.28.15 Audio

This is good stuff.  Lots here, something for everyone:  Bail-ins, Bond Bubble, Dollar’s future, China’s Gold reserves and the future of gold and silver.  He mentions “Reset” and and asset backed Dinar towards the end.  Big picture investment advice.

Good listen for anyone who owns dollars. 

http://oneradionetwork.com/geo-politics/bill-holter-the-banking-system-is-coming-down-july-28-2015-2/

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

Dinar Updates: 

tman23  “the Government’s decision to reduce the salaries of officials and senior staff closer to attempt a radical processing prosthesis for the problem…” 

The salaries of the GOI were ridiculous…One of the IMF concerns/conditions with regard to Iraq GOI was salaries…to be adjusted.

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

BGG  …they are meeting – over what to do about Maliki…they come back, not much gets done – deal with Maliki – move on…  

Q: [are you saying Maliki issue is more important right now for them to decide than voting on the laws? because once Maliki is canned, the laws will be a whiz to pass?!] 

BGG  no question – that is what I am saying…he has played the “obstructionist” thus far. He goes – things move!!
KTFA:

harvestime :  According to what is written (link below) tarriffs will be collected without exception on August 1, 2015. LINK

**********

Walkingstick   » July 28th, 2015, 5:24 pm 

USForex Rolls Out Global Currency Transfer App

July 28, 2015 by Melanie Macinas

International money transfer provider USForex proudly launches the newest innovation in currency transfer apps—the Forex Money Transfer.

This fully transactional app allows consumers to send money using their mobile devices in 48 currencies worldwide while on the go.

The app complements the lifestyle of USForex’s customers, many of whom make regular currency transfers for several reasons including buying second homes, purchasing goods and services, paying mortgages and tuition, and family support.

Designed to be user-friendly and intuitive for money transfers, the all-in-one app gives users complete control over the payment process including international transfers and repeat payments.

Users can even review previous transactions and track current payments with the app, as well as check market exchange rates, view currency charts, set rate alerts and read daily market commentaries.

Forex Money Transfer also has a global, 24-hour customer support and live rate alerts for more than 48 currencies.

“In launching Forex Money Transfer, we’re seizing on the massive shift to mobile for the consumption of financial services,” commented Richard Kimber, CEO of USForex. “It’s a significant, new transaction channel for our current and future customers and offers additional scale to our business. Globally, mobile accounts for around 17% of all new registrations – with the launch of the app, we expect this figure to grow substantially.”

Forex Money Transfer is now available for download at Google Play and App Store for free.

https://paymentweek.com/usforex-rolls-global-currency-transfer-app/

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

TY1:
   Frank,If the path for the Monetary reform is RI and then RV then would the IQD not have to come out at $3.22 since that was the last value prior to the program rate? or is it 1:1 then RI then RV?

Thanks for all your knowledge and time educating!

***********

Thunderhawk  » July 28th, 2015, 7:29 am  Backdoc Alert

Cameron to Fast-Track Brexit Referendum to June 2016 – Reports

British Prime Minister David Cameron has decided to fast-track the referendum on the nation’s EU membership to June 2016 to increase his bargaining power with Brussels as London seeks to reform the union, the Independent’s sources in the government said Sunday.

In May, Cameron promised to hold a referendum on whether Britain should stay in the 28-nation European Union by the end of 2017. He maintains that London should be part of the bloc, albeit on renegotiated terms.

Senior sources in the UK government told the Independent on Sunday that Cameron will announce the June 2016 date in his keynote speech at the Conservative Party conference in Manchester in October.

The Prime Minister reportedly calculated that Brussels will be more in the mood to grant changes to EU legislation and work benefits for EU migrants from outside Britain after the bailout talks with Greece, where the EU leadership showed it was ready to go the extra mile to avoid an EU exit.

Anti-EU sentiment has risen in the United Kingdom following accusations that the nation’s welfare has suffered greatly from an unrestrained inflow of migrants from less affluent EU member states.

http://sputniknews.com/europe/20150726/1025053596.html

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

Walkingstick  » July 28th, 2015, 7:37 am  Backdoc Alert

US Fed Leak on Rate Hike Suggests a Murky Economic Landscape

On Friday, the US Fed admitted to have mistakenly released its rate hike projections, surprisingly modest and suggesting the regulator is aware of a less optimistic situation in the US and global economy.

On Friday, the US Federal Reserve accidentally released its confidential staff-only projections for this year’s planned increase in US borrowing costs, which turned out to be much more modest than previously speculated. The leak, besides stirring concern on Capitol Hill over the information security of the regulator’s internal communications, also had a short-lived market effect, with yields on US Treasuries briefly dropping.

The US Fed said on Friday its confidential Federal Open Market Committee (FOMC) meeting of 16-17 June were published by mistake on 29 June. Such documents are usually disclosed to the public five years after the original date of event, along with the FOMC meetings transcripts.

The rate hike projections as outlined in the leaked document are seen at 0.35% in federal borrowing costs somewhere in Q4, up from the current 0-0.25%. Despite the Fed insisting the figures do not represent the policy makers’ viewpoint, the disclosure if effectively putting into question the September hike itself. The scale of the hike is also far below the anticipated rise in benchmark interest rate to some 0.625% by the year’s end.

That said, the Fed, being aware of the mediocre growth in the US economy, and the sluggish global economic expansion, might be planning only a very symbolic tightening in its monetary policies, wary of its imminent negative effects of a hike for the US economy.

The leak does not present enough information on whether the rise in borrowing costs to 0.35% will represent only a quarterly rate increase, or there are actually two successive hikes planned by the year’s end. While the lending rate of 0.35% is a possibility for Q3, a second hike is possible in December.

The Fed leak triggered a short-lived rally in US Treasuries value, with yield on the two-year security fallen 0.02% to 0.66% on Friday, only to rebound later during the day to 0.68%.

Such papers as the one leaked are usually compiled by the US Fed staff economists prior to policy meetings based on the across-the-board evaluation of the US and global economic environment. Commodities prices, durable goods market, inflation estimates, GDP projections, labour market and various sectors of the real economy are all taken into account. That said, such a modest increase in the lending rate suggests the Fed staff is not very optimistic of the US and global economic outlook, at least, till the end of this year.

As there is still little clarity regarding US economic performance in the coming months and the Fed’s subsequent actions, the Fed leak does not change much in the market situation. Less clarity means higher demand for safer assets, and that is where the Treasuries bulls are reaping benefits. The US dollar is also on a winning streak until the Fed announces their exact date of a rise in borrowing costs.

http://sputniknews.com/business/20150725/1025047393.html

July 28, 2015  Notes From The Field

So Much For A New Era Of Responsibility

“Even now that Quantitative Easing has supposedly ended, the ratio between the Fed’s balance sheet and the Dow Jones Industrial Average remains nearly constant at 253x, with a standard deviation of just 1.5%.”

Aritzo, Sardinia, Italy

High up in the mountains of central Sardinia, it’s hard to even think about finance.

The weather is perfect. Sunshine abounds. The vistas are absolutely incredible. The food is amazing. This is definitely one of the nicest places I’ve ever been.

And yet it’s almost impossible to ignore the constant gyrations in global finance.
~~~
What’s happening in China is nothing short of astounding, seeing the depths to which a desperate government is willing to go to bail out a broken system and maintain the status quo.

You have to hand it to the Chinese– they clearly don’t give a *** about subtlety.

In the US, market manipulation has taken on a much more sophisticated approach.

It caught my attention last week that the Federal Reserve’s balance sheet is still within 0.3% of its all-time high.

All the fanfare about Quantitative Easing coming to an end, and the Fed cleaning up its balance sheet, turned out to be a load of bull.

When the Fed entered the financial crisis in 2008, its balance sheet was roughly $900 billion.

At its peak, its balance sheet totaled $4.5 trillion. Today, it’s still at $4.5 trillion.

So Much For A New Era Of Responsibility.

But to give you a sense of how closely tied the Federal Reserve is to financial markets in the US, this morning I pulled the data and plotted the two together.

This chart shows the relationship between the size of the Federal Reserve’s balance sheet and the Dow Jones Industrial Average since the start of the crisis in late 2008:

Fed-DJIA-data
Picture
You can see that the market stays within a tight range, and as Quantitative Easing played out over the years, that range became even tighter.

Even now that Quantitative Easing has supposedly ended, the ratio between the Fed’s balance sheet and the Dow Jones Industrial Average remains nearly constant at 253x, with a standard deviation of just 1.5%.

That’s a fancy way of saying that, whether intentional or not, the Fed is completely dominating the US stock market.

It’s the same story with mortgages. Treasury bonds. And just about every other major asset class in the US.

Which means that any shrinkage of the Fed’s balance sheet will drag down markets with it.

The Fed may not be as brash as China, but their unsustainable support for financial markets is just as precarious.

This is a time for extreme caution; there’s simply been too much pressure built up in the system, and there’s no way of knowing when or where it’s going to be released.
Over a century ago in the early 1900s, the world was in an equally dire predicament.

Germany was the brand new kid on the block (having been officially formed in 1871), but was already among the greatest powers in Europe.

Russia, France, and Britain were all still dominant powers. Austria-Hungary and the Ottoman Empire were in serious decline, but were still forces to be reckoned with.

History tells us that any time there’s a clear shift between major powers, tension and conflict arise. And 100 years ago was no different.

By 1914 everyone in Europe was preparing for war. But nobody knew exactly what the cause would be.

Out of all possible scenarios that came across military planners’ desks, it ended up being a 19-year old Serbian named Gavrilo Princep who kicked the whole thing off.

He was just a kid—an obscure, unknown kid—who pulled the trigger that killed the Archduke, lighting the match that blew up the powder keg.

People certainly sensed that war was in the air. But no one would have ever predicted that it would start with Gavrilo Princep.

Similarly, we can look around the world and feel like crisis is in the air. But will it come from China? Greece? Puerto Rico?

Likely none of the above.

Any match that lights the system ablaze will probably come from some obscure corner of the Matrix, at a time and place that no one can possibly divine.

Until tomorrow,   Simon Black   Founder, SovereignMan.com

chattels: PARIS, France – Former French foreign minister Bernard Kouchner sees bright futures for both the Kurdistan Region of Iraq and for Syrian Kurdistan. In an interview with Rudaw, the 75-year-old veteran politician and founder of the Médecins Sans Frontières (MSF) NGO says conditions for greater self-rule for Kurds in these two parts are more likely than in Turkey and Iran.

 Kouchner, who has been a close friend of Kurdish leaders over the past four decades, says France should have provided greater help to the Peshmerga. But he cautions that this is a war that the Kurds themselves should fight, since it was they who were attacked by the Islamic State (ISIS) group.
~~~

chattels: rudaw.net/english/intervi… http://rudaw.net/english/interview/28072015

EdoBini: They may not get tariffs done on the first of August because there is no increase in the value of the currency yet. In other words, no RV, no tariffs. Or Iraq fall apart.

Doug_W: we wait….

TxBrand: not the first time they will have postponed tariffs  :dizzy:

EdoBini: They may push the tariffs to October, 2015 depending on when they decided to pull the RV trigger, l think.

disciple7: ‹@EdoBini› agreed

BOBBY: anyone see the story about the isis fighter on yahoo?

Doug_W: ‹@BOBBY› not I

BOBBY: the guy joined isis then quit after 3 days…. said nobody would talk to him  lol

TxBrand: ‹@BOBBY› lol

forestnr4: ‹@chattels› Do you think that by issuing bonds in dinar commencing Aug 02/15 that this is another method of getting currency off the street?

OOTW: I’M SORRY EVERYONE DOES ANYONE HAVE A QUESTION FOR ME?

OOTW: I CAN’T SEE READ THE HISTORY WELL, THE SYSTEM SEEMS TO BE MISSING – SO FROM WHAT I CAN SEE ABOVE FROM DISCIPLE RE THE TARIFF’S..

I’VE BEEN TO ALL GOVERNMENT SITES TODAY TO SEE IF I COULD VERIFY THIS FROM AN OFFICIAL SOURCE, AND SO FAR, I DO NOT SEE ANY ANNOUNCEMENTS AT ANY GOVERNMENT SITES INDICATING THE TARIFF’S ARE NOT GOING INTO EFFECT

OOTW: *THE SYSTEM SEEMS TO BE MISSING HISTORY, THAT IS

BOBBY: OOTW…. so its still progressing

OOTW: IF THEY’RE GOING TO ANNOUNCE IT , IT WILL HAPPEN BY THE FIRST – AND THEY’RE HAVING SEVERAL PARLIAMENT SESSIONS IN THE NEXT FEW DAYS

OOTW: IF THEY’RE GOING TO POSTPONE THE TARIFF’S IT WILL BE DECIDED IN THE NEXT SESSION JULY 30

chattels: I think that it is straight forward debt to raise revenue

BOBBY: Chattels. … please elaborate when you have time please

OOTW: SO FAR THERE’S NO MENTION OF A DISCUSSION OF TARIFF’S ON ANY OF THE AGENDA’S FORTHCOMING – WHICH ARE CURRENTLY POSTED AT THE PARLIAMENT SITE

OOTW: wealthwatch.world/showthr… http://wealthwatch.world/showthread.php?tid=1379

keli15: OOTW thanks for letting us know about the tariffs :grin:

EdoBini: OOTW, many thanks for all the efforts you so kindly put in regarding this tariffs. l always regard it as a turning point as it relates to their currency reset.

NUMBERS: ANY BODY KNOW THE DATE AND RATE????

chattels: ‹@BOBBY› THE BONDS ARE BEING ISSUED / SOLD TO RAISE REVENUE TO BRIDGE THE BUDGET SHORTFALL.

 I KNOW OF NO GOOD OR REAL REASON TO SPECULATE OTHERWISE. IT IS DEBT THAT IRAQ MUST REPAY UNDER THE TERMS OF THE BOND ISSUANCE.

chattels: ERBIL, Kurdistan Region – The Iraqi government on Tuesday condemned Turkish airstrikes in the northern Kurdistan region and called on Ankara to halt the attacks on Kurdistan Workers’ Party (PKK) camps. Baghdad issued a statement calling on Turkey to respect Iraq’s sovereignty and described the Turkish government’s ongoing military campaign against the PKK as dangerous. “The Iraqi government is taking the necessary measures to stop any threat that is posed to Turkey from Iraq,” read the statement.

chattels: rudaw.net/english/middlee… http://rudaw.net/english/middleeast/iraq/280720153

EdoBini: Is it going to be sold out Iraq ? Have they ever sold Bonds internationally before?

chattels: ‹@EdoBini› THERE HAVE BEEN SEVERAL BOND ISSUANCES SOLD I BELIEVE

EdoBini: Which was sold across the border of Iraq ?

chattels: ‹@EdoBini› i do not know the logistics of marketing / sales in such matters

EdoBini: thanks

chattels: ‹@EdoBini› wish that i knew more, sorry

 chattels: MADRID, Spain – A UN-sponsored meeting in Madrid agreed on measures Tuesday to stop radicalized citizens going to join jihads, and for laws against returning jihadis.

The two-day meeting, attended by foreign and interior ministers from 15 countries and some 200 security experts, was focused on finding ways to stem the flow of radicalized citizens traveling to join wars in the Middle East. “

We call upon states to propose creative ideas and new approaches for developing legal tools to further counter terrorism, including the phenomenon of Foreign Terrorist Fighters, in line with obligations under international law,” said a joint statement after the meeting.

chattels: rudaw.net/english/world/2…  http://rudaw.net/english/world/280720153

disciple7: what did u think of the article about the tariffs being pushed back? Do you think their planning on waiting til October now? Tariffs and anti money laudering at the same time?

disciple7: That was for anyone who has an opinion  :smile:

chattels: ‹@disciple7› I have opined that there are other reasons arguably beyond their control which make the imposition of the tariffs unlikely

disciple7: ‹@chattels› agrerd it has been an on going issue..

disciple7: Agreed

[07:04:52 PM] gold642: Presidency of the Council formed a special committee plans to go to Baghdad in the next few days and before the date of implementation of the tariff in order to discuss with the Economic Commission about the usefulness of the application of the customs tariff law in the province of Basra at the moment.

The Council of Ministers has decided in the June 2, 2015 are met tariffs in all border crossing points, as well as taxes from next August.

Information Office of the Prime Minister said in a statement briefed Radio tow a copy of “The Council decided to approve the fulfillment of customs tariffs in all border crossing points, without exception, as well as taxes, including taxes on Kartat mobile phone, automotive, sales tax starting next August.”

disciple7: ‹@gold642› how old is that article?

gold642: THAT WAS OUT TODAU

disciple7: National Coalition exclude the application of the tariff in the coming period Olive Dulaimi MP 

http://translate.googleusercontent.com/translate_c?depth=4&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://alghadpress.com/ar/NewsDetails.aspx%3FNewsID%3D34366&usg=ALkJrhjl_LYRuPESMBemUhWQvUWhktTHnQ#

Author: ara Editor: sz reporter: st Number of Views: 249 07/28/2015 14:30 Tomorrow Press / Baghdad: According to MP from the National Coalition olive-Dulaimi, Tuesday, the parliamentary finance committee on Wednesday will discuss the application of the tariff decision, excluded the application of the decision in the next month due to the deteriorating economic situation. 

Dulaimi said for “tomorrow Press,” that “there are some government institutions and delayed payment of salaries to its employees in addition to the austerity and pressure on fiscal expenditure than there is the difficulty of applying the tariff decision at this time.” 

She added that “in case of application of the tariff will rise all the prices in the market and the economic situation does not allow an increase citizen expenses,”

asking the federal government to “take a decision to wait, rather than the application of the tariff law which is not in the interest of the people at this stage and postpone for another time to fit with the economic situation of the country. ” translate.googleuserconte…

gold642: burathanews.com/news/2721…  http://burathanews.com/news/272147.html

gold642: No Agreement Between Blocs On Important Laws, Until Now

 chattels: With the approach of its implementation, the Council of Basra, refusing to renew the application of the customs tariff law

gold642: World Bank gives Iraq two months to approve the anti-money laundering law

chattels: burathanews.com/news/2721…  http://burathanews.com/news/272147.html

disciple7: ‹@gold642› I’m certainly hopeful.                                                                                                                                                                                                                      

gold642: And between Kanani said that “the time limit was only about two months and left them on the head of the House of Representatives that the law be included on the agenda for the nearest session, but will be responsible for the punitive economic measures that the world has to be taken against Iraq” .

chattels: Basra Governorate Council renewed its categorical rejection of the application of the customs tariff in the border ports in Basra province law and that the lack of economic feasibility of its application to the province of Basra in particular and Iraq in general.

gold642: World Bank and other international financial institutions gave Iraq until next October as the date for the adoption of anti-money laundering law.

] gold642: World Bank will cut them IF IT DOESNT HAPPEN, and and all the rest of the world will follow the World Banks lead

gold642: FATF

[07:18:01 PM] chattels: The head of the Council morning Albzona told I followed news agency Buratha that the Presidency of the Council formed a special committee plans to go to Baghdad in the next few days and before the date of implementation of the tariff in order to discuss with the Economic Commission about the usefulness of the application of the customs tariff law in the province of Basra at the moment.

The Council of Ministers has decided in the June 2, 2015 are met tariffs in all border crossing points, as well as taxes from next August. Information Office of the Prime Minister said in a statement briefed Radio tow a copy of 

“The Council decided to approve the fulfillment of customs tariffs in all border crossing points, without exception, as well as taxes, including taxes on Kartat mobile phone, automotive, sales tax starting next August.”

chattels: burathanews.com/news/2721… http://burathanews.com/news/272147.html

disciple7: Wow very nice  

Dinar exchange rate against the dollar on 7-28-15 Iraq today Iraqi dinar exchange rate against the US dollar on Tuesday in the Iraqi banks and markets: US $ 1 = 1161.0450 Iraqi dinars 1 Iraqi Dinar = 0.0009 US dollars.…

The central bank recorded $ 319 million in an auction 7-28-15. BAGHDAD / …. CBI sales recorded in the auction for the sale of foreign currencies on Tuesday $ 319 million. The bank said in a statement received “eye Iraq…