Millionday Wednesday Night  News Time 2-10-16  Part 2 of 2

WELCOME TO DINARUPDATES.COM FOR MILLIONDAY NEWSTIME
 
Millionday: Iraqi Trade Ministry unveiled a proposal to the International Monetary Fund to cancel Iraq’s food rationing system, backed by the government in the ration card “strongly” news denying to accept the ministry of this proposal. “
 
A statement of the ministry received all of Iraq [where] a copy of it, by the Minister of Trade and agency Mohamed Xiaa Sudanese say, that “There is no intention for the Iraqi government to cancel the ration card Awaiagaf processing and supply operations and distribution covered by the ration card system.”
 
As the Sudanese denied “any attempt to cancel the ration card through pressure from the international Monetary Fund on the Iraqi government to grant loans to Iraq and that all Menzdd is just rumors some parties trying to promote it in a while. “
 ~~~
Millionday: NOTE — THIS WAS MADE UP AND IS NOT TRUE — IT WAS STATED DURING CHANGES THE CITIZENS WERE WITNESSING TO STIR THINGS UP
 
Millionday: BUT LETS LOOK AT WHAT ELSE IS STATED ABOUT DISCONTINUING THE RATION CARD SYSTEM /FOOD STAMPS
 
Millionday: >>>>>>the Minister of Commerce that” the IMF would give countries the economic proposals and projects to support but there is the insistence of the government to continue to support the ration card project, despite the difficult financial circumstances facing the country,
 
Millionday: “pointing to” the allocation of two billion and 800 million dollars a counterbalance for the ration card in the 2016 budget and this in itself support even though he does not meet the needs in an integrated manner, but lead to the arrival of food citizens in this difficult situation.
 
“revealed the Sudanese for” the existence of a plan to reform the ration card system is applied now in the Hurriya district in Najaf and also there is a government commission manages the ration card system to be directed to the poor and needy who are a large class of Iraqi society .
 
Millionday: SO OBVIOUSLY THE SYSTEM IS TO REMAIN IN PLACE DUE TO THE NEED OF THE CITIZENS
 
Millionday: I FIND IT INTERESTING THAT SO MANY CHANGES ARE OCCURRING DURING THE LAUNCH OF REFORMS — EVEN THOUGH IT IS DESCRIBED AS– STEPS TO HELP THE CRISIS —- THEY ARE VERY STRONGLY RESEMBLING THE REFORM INFORMATION WE HAVE SEEN
 
Millionday: I WANT TO MAKE SURE YOU ALL KNOW THAT ABADI AND BARZANI ARE GONE TO THE MUNICH SECURITY MEETING WITH MANY LEADERS ETC
 
Millionday: Prime Minister Haider al-Abadi , on Monday, the government began the basic needs for reform in order to build a state of institutions, while expressing the ambassadors of the major industrialized countries ( G7 ) full support of their countries for Iraq in the financial crisis as a result of the collapse of oil prices.
 
Millionday: NOTE — IRAQ MET WITH THE G7 AND DUE TO THAT MEETING A DAY AGO —ABADI HAS BEGAN THE STEPS OF REFORM AND HAVE FULL SUPPORT OF THESE MAJOR COUNTRIES THROUGH INDUSTRY
 
Millionday: WHOOOPOW
 
Millionday: READ EVERY WORD>>>>>>Ebadi said Office said in a statement received Alsumaria News, a copy of the “Prime Minister Haider al-Abadi met in his office on Sunday, the ambassadors of major industrialized nations (G7) with UN representative Jan Kubiš,”
 
 noting that “the ambassadors of the countries expressed their full support for their country of Iraq in the financial crisis as a result of the collapse oil prices and find ways and alternatives and solutions to overcome them and to provide the gravity of the Iraqi economy. “
 
Millionday: NOTE — OUTSIDE OF OIL — THE REST IS A DIVERSED GDP THAT RESULTS FROM FREE TRADE AND THE AGREEMENTS THAT COME WITH IT
 
Millionday: He said al-Abadi said “ambassadors renewed their stance support for Iraq in its war against terrorism,” adding, “They have expressed their blessing to the victories achieved on the terrorist gangs.”
 
“The ambassadors expressed their support for the reforms carried out by al-Abadi and support her through the advent of experiences of Iraq and training Iraqi cadres .
 
Millionday: NOTE — THEY HAVE STATED THEY ARE HAPPY WITH THE RESULTS FROM THE TROOPS AND GIVEN THE SUPPORT FOR IRAQ
 
Millionday: ” for his part, al-Abadi said according to the statement, that” Iraq is going through these challenges and difficult circumstances and that is an opportunity to restructure the Iraqi economy more efficient manner through the multiplicity of its resources, “he said, adding
 
Millionday: WHOOOPOW
 
Millionday: NOTE — WHAT THE RESULTS WERE — RESTRUCTURE THE ECONOMY — WHOOOPOW
 
Millionday: we started the basic needs for reform in order to build a state of institutions is not aimed at crossing only the crisis but to build a safe and sound going for it the Iraqi state’s economy. “
 
it is noteworthy that Iraq live under a severe financial crisis due to the deficit in the state budget as a result of the sharp and continuous decline in world oil prices, which amounted to less than $ 30 per barrel, which depends Iraq in the general budget on oil revenues by 95%.
 
Millionday: >>>>>>>>>>>>>>we started the basic needs for reform in order to build a state of institutions is not aimed at crossing only the crisis but to build a safe and sound going for it the Iraqi state’s economy.<<<<<<<<<<<<
 
buck: is this a world tour?? we seem to hear week after week that reforms have started and everyone is happy with security, economy is getting restructured…i am struggling to see the progress week after week . not negative just how is this different plz????
 
Millionday: THE INDUSTRY LAUNCH ANNOUNCED YESTERDAY IS THROUGH THE CBI INITIATIVE AND THIS IS ANNOUNCING THAT THEY HAVE BEGIN — NOT THAT THEY ARE READY TO BEGIN —-
 
hub: for years the oil biz made scadzillions of $ at $20 a barrel..now we all know Iraq has a deal with the US of A at $32 a barrel, they brag it takes $2 a barrel to get it out of the ground, now at $28 per barrel and a million barrels a day,, looks like to me they could get well from the start, why so much care for the price of oil
 
Millionday: YES IS ACTION NOT TALK ABOUT IT —- AND THEY HAVE THE LAWS IN PLACE AND THE TECHNOLOGY FOR INVESTORS —
 
Millionday: IT IS OF HUGE IMPORTANCE IF THE GDP REMAINS AS THEY HAVE BROUGHT IN REVENUES — DUE TO THE DIVERSITY IN THE MARKET OF IRAQ AND THE GROWTH IN INVESTOR AGREEMENTS THEY HAVE AN OPPORTUNITY IN THE MARKET ON A GLOBAL SCALE — A NEW FRESH MARKET HITTING THE STOCKS IS HUGE IN ITSELF —
 
diane1: DOES IRAQ HAVE A TIME FRAME TO THIS EVERYTHING DONE, I NOTICE THAT THEY ARE TRYING TO GET ALL DONE BEFORE END OF THIS MONTH DO YOU THINK THAT INCLUDES R/V AS WELL.
 
I AM HAPPY TO SEE THAT IRAQ IS FINALLY SEEING THE LIGHT I ALSO SEE HOW EVERYTHING IS COMING TOGETHER TO GET DONE ALL AT ONCE. I
 
MUST SAY I AM GETTING VERY ANXIOUS AND EXCITED I NEVER THOUGHT IT WOULD EVER HAPPEN BUT I ALSO KNOW TO STAY GROUNDED./.
 
BOY THIS INVESTMENT HAS TAUGHT ME PATIENCE IS A VIRTURE I HAVE A GREAT DEAL MORE CONFIDENCE SEEING THAT THE I.M..F. IS TAKING IRAQ THROUGH THE PROCESS TO MAKE SURE ALL GET DONE RIGHT
 
Millionday: I AGREE — IT IS VERY EXCITING
Millionday: SMILE
 
Millionday: I SEE NO REASON FOR THIS STATEMENT UNLESS THE INDUSTRY IS LAUNCHING GLOBALLY
 
Millionday: Abdul Karim pointed to the importance that there be coordination at a high level between the ministry and tour companies that regulate the private sector movement inside and outside the country, pointing to the need to get rid of the random case hanging over the work of this detailed important through the phantom tour companies that operate illegally and orderly and adversely affect the work of registered companies that pay taxes to the state and abide by all instructions issued by the authorities concerned.
 
Millionday: SO THIS IS NATIONAL COMPLIANCE FOR CAPITAL GAIN AND A REGISTERED COMPANY WITHIN THE PRIVATE SECTOR FOR TOURISM OF IRAQ — AJOINED BY THE GLOBE AND IRAQ TO PROMOTE THE GROWTH OF REVENUES GAINED BY IRAQI GOV
 
 
Millionday: I WANT TO BRING WHAT IS HAPPENING IN PARLIAMENT ETC
 
Millionday: THIS IS ABOUT ABADI RESHUFFLING — WE WILL TRY TO UNDERSTAND AND THEN LOOK AT WHAT HAPPENED WITH FED COURT ACT VOTE
 
Millionday: Omar Abdel-Latif said two analysts politicians to invite Prime Minister Haider al-Abadi to a cabinet reshuffle substantial and comprehensive, demand a mass imposed conditions that plagued Iraq, expecting to face this demand difficulties in the House of Representatives while passing the names of the proposed ministers to the assumption of ministerial positions.
 
Millionday: He said political analyst Osama al-Saidi that these calls are not new to the prime minister, who was a Yemeni self since assigned the task of forming a ministerial cabin to be a process of selection of ministers on the basis of merit, not quotas, but the conditions of formation of the government and power-sharing quotas prevented that. promised Saidi, in an interview with
 
Millionday: NOTE — REMEMBER THAT THE MINISTERS WERE GIVEN A POSITION IN THE AREA OF REFORMS THEY WERE NEEDED IN A LONG TIME AGO — THIS MAY BE CONCERNING THAT MOVE THAT WAS TO TAKE PART WHEN ALL WAS READY
 
Millionday: « Sabah », said the arrival of the conditions of the country to the curves are not positive eventually pressed the former street last discourse private reference, which distanced it self from interfering in political affairs underline dissatisfaction generated them, and all these things and other other paid Balebadi to go back to first for his idea to be there governmental cabin management consisting of an academic team of experts and specialists away from party affiliations.
 
Millionday: He predicted Saidi to face this thing obstacles because the ministerial cabin must be passed by the parliament, if lawmakers did not agree to this cabin van Abadi will be forced to go to the «emergency government», from in order to put the House in front of a fait accompli and embarrass the middle of the street waiting for this moment, not now, but since the beginning of mass demonstrations in support of the pro-reforms called for by the Prime Minister.
 
Millionday: NOTE — THIS IS AS I WAS SAYING IT APPEARS OR IMO — THIS IS TO MOVE FORWARD WITH THE REFORMS AND THE MINISTERS TO TAKE THE ROLE GIVEN SO THE SHUFFLE MAKES SENSE IMO — EMERGENCY GOV IF NOT
 
Millionday: political analyst Ahmed Mayali said the timing of the invitation of the Prime Minister in the selection of ministers professionals came to face the big challenges that stand in front of State for economic Kalazmh and other related based political system, the pattern on the basis of quotas of political, sectarian and not on the basis of merit.
 
among Mayali, in his speech for the «morning», said the head of the government through the reformist ideas put forward there are no indications it is possible that turning these reforms or ideas to be able to promote the state and the face of the extent of corruption and
 
 
Millionday: challenges other work contexts, therefore, and as one of the main entrances to the possibility of establishing a political system in tune with the aspirations of the citizen it must start from the executive channel which is the government, because the government should be strong and not marred by sagging and promote responsibility the technocrats and professional figures are not subject to the loyalties and partisan narrow factional interests.
 
Millionday: SO THIS IS PREPARING THE POLITICAL REFORM TO BE IN SYNC WITH THE OTHER REFORMS — THIS IS ALL FORWARD ACTION — ALL TO MOVE FORWARD SO THE RIGHT PERSON IS IN THE RIGHT POSITION ETC
 
Millionday: SO MANY RUMORS CAME FROM THIS ANNOUNCEMENT AND THE ALSO FROM THE ONE BANK THAT LOST LICENSING TO EXCHANGE IT WAS CRAZY TODAY
 
Millionday: SEEMS AS THOUGH STEPS ARE TAKING PLACE DUE TO THE POSITION IRAQ IS NOW IN AND TO HAVE SUCCESS IN THE GROWTH 
Meginhim: Does the huge amount of dinar in circulation and still being sold have any bearing on the right time to RV?
 
Millionday: NO — IT HAS A BEARING ON THE LIQUIDITY ON THE STREETS AND WHAT IS NEEDED IN THE BANK`S LIQUIDITY NEEDED IN THE COUNTRY — ALSO THE GLOBAL PRICING —GDP
 
Dinar Investor: Do you think we will hear anything on Mr.Ali Mohsen Ismail before RV? like replacement? Isn’t he a proxy? I like Allawai calling for Shabs to come back
 
Millionday: I DON’T SEE ANY BENEFIT IN THE CHANGE AT THIS POINT DUE TO THE STATEMENT THEY ARE MOVING FORWARD WITH THE REFORMS AND ALSO HAVE BEGUN THE STEPS — BUT HE HAS FULL ABILITY OF HIS POSITION
 
Millionday: I SAW THAT TOO — HE USED TO HAVE THE POWER TO ACTUALLY BE HEARD LOL
 
 
Millionday: BRB WITH MORE — I AM LOOKING FOR THE MOVE PARLIAMENT MADE THROUGH ONE MORE SOURCE — BRB
 
Millionday: A NOTE ON THE PURPOSE OF THE SHUFFLE IN THE CABINET
 
Millionday: He noted Mayali that this matter if achieved will be the key to success in the rest of the levels as fighting corruption and further steps reform to safety,
 
noting that the political blocs if it wants to support the reform programs or ideas to be The change of the structure of the political process in general and the government in particular, as requested by the citizens and the country has suffered great economic and security challenges.
 
Millionday: OK DON’T HAVE IT YET
 
Millionday: UNITY WITH TAX AND TRADE WITH KURDS, WHOOOPOOWWWWWWWWWW
 
.MOD.Swan2013MDCOPY: HEY ALL MILLIONDAY JUST CRASHED, SENDS HER LOVE AND THIS IS THE END OF NEWSTIME. THANK YOU ALL FOR COMING. GREAT NEWS!
 
  
THE OBSERVER – http://dinarupdates.com/observer/
THE BLOG – Dinar Daily NEWS Blog – http://www.dinarupdates.com/blog/
 
 Read More :http://www.dinarupdates.com/showthread.php?29798-Millionday-newstime-2-10-16
Millionday Wednesday Night  News Time 2-10-16  Part 1 of 2

WELCOME TO DINARUPDATES.COM FOR MILLIONDAY NEWSTIME

 
Millionday: WE HAVE WHOOPOW NEWS TONIGHT THAT REQUIRES HATS
Millionday: HELLO EVERYONE — WOW ONE OF MY STATEMENTS IN THE NEWS TONIGHT — HUGE
Millionday: SMILE

Millionday: WE HAVE MORE FORMAL ANNOUNCEMENTS
 
Papatom: i am formally announcing…I’m excited
 
Millionday: PAPA — ME TOO HUN LOL
 
Millionday: THIS IS A PRESS RELEASE FROM THE IMF (NOT ON UKRAINE) LOL
 
Millionday: The International Monetary Fund (IMF)’s Middle East Regional Technical Assistance Center (METAC) and the Statistics Department held a workshop on “Price Index Compilation Issues” in Beirut, Lebanon from February 1-5, 2016.
 ~~~

Millionday: NOTE — I KNOW THIS IS A DAY OLD BUT I WANT YOU TO SEE THIS BEFORE THE REST
 
Millionday: NOTE — THE IMF HELD THE WORKSHOP TO ASSIST THE MIDDLE EASTERN REGION IN >>>>>>>>>>>>>>> THE PRICE INDEX <<<<<<
 
Millionday: The workshop addressed specific price statistics compilation issues of participating countries. International standards and best practices were discussed with regard to the compilation and dissemination of price indexes.
 
Millionday: NOTE — THEY USED THE WORKSHOP TO EXPLAIN THE DETAILS INVOLVED IN THE PRICE INDEX DUE TO INTERNATIONAL COMPLIANCE AND HOW IT IS PRACTICED
 
Millionday: The interactive workshop facilitated extensive discussions and included practical exercises. In a final wrap-up session, participants were given the opportunity to identify potential areas for future METAC technical assistance support.
 
Millionday: NOTE — NOW LETS LOOK AT THE COUNTRIES INVOLVED — SMILE
 
Millionday: Officials from national statistical offices who are involved in the compilation of price statistics in the Middle East and North Africa (MENA) region attended the workshop. In total, 24 participants from eight countries attended. The countries represented included: Afghanistan, Egypt, Iraq, Jordan, Lebanon, Pakistan, Sudan, and West Bank and Gaza.
 
Millionday: WHOOOPOW
 
Papatom: great..I’m drooling!
 
Millionday: DROOLING AND SMILING
 
Millionday: SO REMEMBER THE STEPS THAT IRAQ IS EXPECTED TO TAKE THIS MONTH
 
Papatom: that price index…is done now?
 
Millionday: THE PRICE INDEX IS NOT DONE NOW DUE TO THE NEWLY CALCULATED PRICES IT WOULD RESULT IN
 
Millionday: THIS WOULD BE DONE WITH THE INTERNATIONAL EQUATION TO STOP THE DISTORTED EXCHANGE RATES FOR THE INTERNATIONAL CURRENCIES
Millionday: SMILE
 
quicktolegit96: WHAT ARE THE STEPS AGAIN FOR EVERYBODY?
 
Millionday: THE STEPS ARE A LONG LIST BUT ACCORDING TO THE IMF AGREEMENT FOR IRAQ TO HAVE DONE BY THE END OF THIS MONTH DUE TO THE PLANNED MOVE TO ARTICLE 8 –
 
THEY HAVE TO PEG WITH THE US DOLLAR — REMOVE DISTORTED EXCHANGE RATES FOR INTERNATIONAL CURRENCIES TO BRING IN INVESTORS —

PASS THE INVESTMENT LAW —AND THE LIST GOES ON — IT IS VERY LONG WITH MANY MANY DONE BUT SOME WE DONT SEE
Millionday: SMILE
 
Millionday: DID I TELL YOU THAT IT IS A PRESS RELEASE ?
 
 
Millionday: The Kurdistan Regional Government has sent a letter to the Federal Directorate of border crossings Abgletha the approval of the application of the customs tariff of the Federal Act on goods that enter the country through its subsidiaries border crossings, but it set conditions for that application.
 
Millionday: NOTE — KURDISTAN HAS AGREED TO APPLY TARIFF – CUSTOMS —
 
Millionday: According to sources, the conditions for the application of the provincial customs tariff in the outlets related to the size of customs duties levied on goods, where the province demanded the reduction of such fees in exchange for entry into the application of tariffs on border crossings operated by the provincial government.
 
Millionday: NOTE — THEY WANTED THE RATE TO BE LOWER FOR THE FEES — I HAVE THE LETTER
 
Millionday: The federal government has applied the law of customs tariff on all ports of entry and 30% on goods entering the country, including Kurdistan outlets, the latter declined the application and kept on the old tariff amounting to charge 5%, prompting traders to go Ngo region and the introduction of their goods through it and stay away from central and southern ports.
 
Millionday: SO THE REASON OF COURSE HAD TO DO WITH UNITY AND COMPLIANCE — ONE CAN NOT HAVE IT THAT MUCH LOWER AND THE OTHER STILL HAVE SUCCESS IN TRADE AND COMPETITIVE MARKET ETC
 
Millionday: ANY ?? COMMENTS
Millionday: I HAVE ONE    Millionday: FINALLY
 
Papatom: so the countries in the meeting were picked because they need to have a level playing field with each other?
 
Millionday: IT DID NOT SAY IN INK —

HOWEVER THEY ALL WERE THERE TO LEARN EITHER THE NEW POLICIES OR CALCULATION OR LEARN WHAT THEY ARE DOING WRONG OR LEARN HOW TO APPLY ETC —

SO VERY INTERESTING THAT 8 COUNTRIES WERE INCLUDED — I AGREE
 
cjquade54: the tariff rate between the Federal and the Kurds has not been agreed on yet is that correct? one wants 30% the other 5% … are they still negotiating?
 
Millionday: THEY AGREED TO THE APPLICATION OF CUSTOM TARIFF SO WITH THE MEETINGS THEY HAVE HAD — IT IS EASY TO SEE THEY HAVE AGREED ON ITS APPLICATION —
Millionday: SMILE — I LIKE IT
 
7shiela: So that implies the rate will be lower or what?
 
Millionday: I WILL PULL THE LETTER AND LOOK BEFORE WE ARE DONE
 
Millionday: THAT IMPLIES THAT THEY HAVE LEARNED HOW TO USE THE GLOBAL PRICING INDEX — THIS IS THE APPLICATION THAT >>>>A price index (plural: “price indices” or “price indexes”) is a normalized average (typically a weighted average) of price relatives for a given class of goods or services in a given region, during a given interval of time.
 
Millionday: SO THIS IS THE CALCULATION THAT WILL APPLY THOSE COUNTRY`S CORRECT PRICE OF GOODS ETC ACCORDING TO THE FAIR PRICE — NOT DISTORTED
 
buck: hasn’t the investment law been passed? and are they talking tax rate as less or currnecy rate??
 
Millionday: YES THE INVESTMENT LAW IS PASSED AND THEY ARE TALKING THE TAX RATE THEY ARE NOT HAPPY WITH THE 30% AND FEDERAL IS NOT HAPPY WITH THE 5% THE KURDS WERE CHARGING SO THEY HAVE HAD MEETINGS AND THE KURDS HAVE APPROVED ON ITS APPLICATION
 
buck: good answer….thx all the time
 
Baxter1243: So the kurds are going with the 30 Per cent then?
 
Millionday: LET ME LOAD THE LETTER AND SEE BRB
 
Millionday: IT DOESN’T GIVE ME THE AMOUNT IN THIS REPORT SO I WILL PULL IT FROM ANOTHER I HAVE SAVED IN A FEW — HAVE TOO MANY WINDOWS OPEN TO DOWNLOAD IT RIGHT NOW
 
 
Millionday: HERE WE GO WITH ANOTHER STATEMENT — THIS IS FROM ABADI ON THE MOVE TO END CRISIS
 
Millionday: Prime Minister Dr. Haidar al-Abbadi said that the government has a clear vision of the face of the financial crisis experienced by the country, saying she could get out of the cooperation of everyone, which is part of the crisis faced by the countries of the world as a result of the collapse of world oil prices.
 
Millionday: The face of Dr. Abadi presided over the regular session of the Council of Ministers to monitor spending in ministries and state institutions, and countless deputations only necessary need. He called on the Prime Minister of all the political blocs to assume its responsibilities in the face of financial, economic and teamwork to overcome the crisis.
 
Millionday: AND THAT IS A SMALL STEP FOR MANKIND LOL
Millionday: BRB WITH SOME BETTER
 
Millionday: WHOOPOW — READ ALL OF THIS — A LONG TIME COMING — UNITY
 
Millionday: Kurdistan Region President Massoud Barzani issued several reformist decisions to regulate the work of the provincial government and address Alnicosat in enterprises and government departments, where he Barzani review the restructuring of the Kurdistan Regional Government administration and organization on the basis of suitable with the government requirements and
 
Millionday: NOTE — COMPLIANCE WITH GOV REQUIREMENTS — WOW
Millionday: NOTE — NOTICE THIS IS —-REFORMIST DECISIONS — SMILE
 
Millionday: audit of the financial restructuring of the provincial government and the organization of accounting units in all government institutions and the Finance Ministry on founded the occasion.
 
Millionday: NOTE — IT IS VERY INTERESTING THAT THIS IS BEING DONE ON AN “OCCASION” AND HE IS REVIEWING THE AUDIT
 
Millionday: READ EVERY WORD OF THE STEPS BEING TAKEN BY BARZANI AFTER THE MEETINGS HE HAS ATTENDED TO UNIFY
 
Millionday: Barzani also directed a review of all government cadres to regulate property and work on the creation of the Civil Service Council and a review of the cadres of the Peshmerga forces, units and facilities Kurdish forces and organize structured Mlakatha and review all agricultural and tourist territory,
 
organize and remove any bypass the public domain as well as a review of all government property which was granted to citizens through the decades or on the basis of investment and regulation of property, land and buildings and all government wages owed for the benefit of the economic situation.
 
Millionday: NOTE — HE IS PULLING OUT ALL ACCOUNTS FROM PREVIOUS AUTHORIZATIONS FOR LAND — TROOPS — GOV PROPERTY AND ALL LISTED HERE —
 
Millionday: President of the Kurdistan region, Massoud Barzani, has also decided to review all the homes and property leased by the government in order to reduce rent and organize and review the expenses of all government institutions and get rid of excess expenses and regulate imports of the region and the system of investment in Kurdistan.
 
Millionday: NOTE — AUDITING ALL FINANCIALS AT PRESENT TIME TO ORGANIZE WHAT IS THE AMOUNT OF THE GOV LEASES AND REAL ESTATE ETC —
 
Millionday: This drew Barzani demand from companies that are legally and successfully operate in the Kurdistan region of the grant portion of the profits to the state treasury to overcome the financial crisis plaguing the region and to take appropriate measures against companies that got money illegally and grant benefits and revenue fairly to the treasury of the Kurdistan Regional Government .
 
Millionday: SO HE IS ORDERING CAPITAL TAXATION TO BE PAID AND MAKING SURE ALL IS ACCOUNTED

Millionday: SMILE
Millionday: FUNDS FOR THE GOVERNMENT  

Papatom: Barzani is clearly moving with the future in mind. he is regulating govt….and he’s doing it as the president of KURDISTAN so it’s not a mandate from the central govt. he is making himself a leader of the PEOPLE! …. he is reviewing DECADES of assignments, looking for equilibrium…giving back…
 
what was taken and showing the people he is a leader serving the people not the people serving him….I think it’s brilliant and it’s a clear sign of the expediency of the coming value increase. hows that for fast typing?
 
Millionday: SMILE — I AGREE THAT HE HAS AGREED ON TAKING THE NECESSARY STEPS FOR THE REFORM AS HE HAS ANNOUNCED AND HAS ALSO BEGUN — THE UNITY THAT THIS SHOWS IS HUGE AND LONG COMING
 
buck: is this the same barzani that is on the suspect list for taking money????
 
Millionday: I DON’T KNOW HUN — IT IS HARD TO SAY IF THAT IS EVEN TRUE DUE TO SO MANY ALTERNATIVE MOTIVES
 
dale: MD : Last the reports were pointing to last Sunday being the National Reconciliation including many dignitaries from other countries ….. did the National Reconciliation get pushed back? week
 
Millionday: THE NATIONAL RECONCILIATION REPORT THAT WE HAD INCLUDED SOME HARD TRANSLATIONS AND LEFT US CONFUSED IF THAT MEANT THE ANNOUNCEMENTS FOR IT COMING OR ANNOUNCEMENT TAKING PLACE AT THE CONFERENCE –
 
THE MEETING WAS HUGE AND INCLUSIVE OF MANY REPRESENTATIVES — THE FORMAL CONFERENCE AS A UNIFIED REFORMED COUNTRY IS REPORTABLY DURING OR AROUND RAMADAN
 
Millionday: OK BRB WITH MORE — A LOT OF VERY INTERESTING NEWS AND NOT IN ANY ORDER SO DON’T GO ANYWHERE


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

WSOMN: 

Crimsontide:  Iko have they stopped exchanging again? banks are quiet

Iko Ward:  As far as I know nothing has actually stopped, we’re just on a world wide clock

Brigantine:  seeing what happened with deutsche bank today, I think that clock includes a derivatives meltdown before RV. Have to, or the mess will carry over to new bank system.

Iko Ward:  Brig, I believe going asset backed will wipe out the dirivatives. Economic slight of hand

Scotchie:  Iko, possible for any other currency to go before the dinar????

MacJedi:  Iran might be the only bet before Iraq and that still seems unlikely

Iko Ward:  scotchie, it’s possible the Chinese could back the Dong but not likely. Mac, I don;t think they’ll let Iran go first…too much room for mischief. Pretty sure it will all go at once because that’s the only way that makes any sense.
….

Scotchie:  Thanks, Iko. I heard the Chinese have itchy fingers

MacJedi:  Dong first would be great but I don’t think they have the nerve to do it

Scotchie:  Mac, I heard it is possible, with the dinar constantly being delayed.

Tank:  IKO, did you hear anything about the 72 hour window?

Iko Ward:  Tank..yes…tomorrow it ends.

Steph:  Tank, which 72 hr window?

Tank:  Steph, there was a 72 hour window mentioned by Art that the RV would finally occur. No one was sure when the 72 hours started

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Western States Open Mind Network CC

02/10/16 WING-IT PLAYBACK LINK

http://iTeleseminar.com/80696100

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Recaps Facebook Page: :

Currency365: 
 
IRAQ’S INTERNATIONAL RATE IS COMPLETED!!!!!! THEY WILL ANNOUNCE IT SOON TO THE WORLD

IMF’s Middle East Regional Technical Assistance Center and the Statistics Department Conclude Workshop on Price Index Compilation Issues

Press Release No. 16/48 February 8, 2016

The International Monetary Fund (IMF)’s Middle East Regional Technical Assistance Center (METAC) and the Statistics Department held a workshop on “Price Index Compilation Issues” in Beirut, Lebanon from February 1-5, 2016.

The workshop addressed specific price statistics compilation issues of participating countries. International standards and best practices were discussed with regard to the compilation and dissemination of price indexes.

The interactive workshop facilitated extensive discussions and included practical exercises. In a final wrap-up session, participants were given the opportunity to identify potential areas for future METAC technical assistance support.

Officials from national statistical offices who are involved in the compilation of price statistics in the Middle East and North Africa (MENA) region attended the workshop. In total, 24 participants from eight countries attended.

The countries represented included: Afghanistan, Egypt, Iraq, Jordan, Lebanon, Pakistan, Sudan, and West Bank and Gaza.

https://www.imf.org/external/np/sec/pr/2016/pr1648.htm

https://www.facebook.com/currency365/posts/1735819876649298

KTFA:

RE:  http://www.dinarrecaps.com/our-blog/delta-at-ktfa-wednesday-evening-imf-article

EWtohan:  So the million dollar answer is ..!! Did they finish the study ??

MoneyTalks1:   Ewtohan: Here is your answer:The below article explains that Iraq attended this conference sponsored by the IMF to how to determine internat’al exchange rates etc.

Guess what happens a month from now in Beirut…Iraq is hosting bank conference.

I am sure they will want to show off what they learned. It sure looks like they finished the study!!!   IMO Feb.5.

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Frank and family, VERY EXCITING ARTICLE

I think this latest IMF article is VERY VERY important in terms of determining the final international rate(s)-not only of the IQD- but of corresponding international rates for various countries wishing to export to Iraq…tariff and rate related. IMO, the is the last piece of the “new Math” that Frank talked about recently.

IMF’s Middle East Regional Technical Assistance Center and the Statistics Department Conclude Workshop on Price Index Compilation Issues

Press Release No. 16/48

February 8, 2016

The International Monetary Fund (IMF)’s Middle East Regional Technical Assistance Center (METAC) and the Statistics Department held a workshop on “Price Index Compilation Issues” in Beirut, Lebanon from February 1-5, 2016.

The workshop addressed specific price statistics compilation issues of participating countries. International standards and best practices were discussed with regard to the compilation and dissemination of price indexes.

The interactive workshop facilitated extensive discussions and included practical exercises. In a final wrap-up session, participants were given the opportunity to identify potential areas for future METAC technical assistance support.

Officials from national statistical offices who are involved in the compilation of price statistics in the Middle East and North Africa (MENA) region attended the workshop. In total, 24 participants from eight countries attended.

The countries represented included: Afghanistan, Egypt, Iraq, Jordan, Lebanon, Pakistan, Sudan, and West Bank and Gaza.

https://www.imf.org/external/np/sec/pr/2016/pr1648.htm

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Mountainman………For those INTERESTED….FED CHAIR…..JANET YELLENS Speech TODAY…..PDF format……. Many NUGGETS INSIDE……No……NOT CHICKEN/McD’s……

http://www.federalreserve.gov/mediacenter/files/fomcpresconf20151216.pdf
 
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Landa Global Conference Call 2-10-16

https://www.youtube.com/watch?v=ZK0OnSvN2as

https://youtu.be/ZK0OnSvN2as

Sovereign Man Notes From The Field  By Simon Black

February 8, 2016    Sovereign Valley Farm, Chile 

 After 1,428 years here’s what brought down the world’s oldest business

In 578 AD, a Korean immigrant named Shigemitsu Kongo made his way to Japan at the invitation of the royal family. 

Buddhism was on the rise in Japan at the time; though it had only been introduced a few decades prior, the Empress consort had been actively encouraging the adoption of Buddhism across Japan. 

But since the Japanese had no experience building Buddhist temples, they looked overseas for help. 

That’s where Kongo came in. 
~~~

Shigemitsu Kongo was a renowned temple builder, and the royal family in Japan commissioned him to build the Shitenno-ji temple, which still stands today in Osaka. 

Kongo saw an incredible opportunity. Buddhism was catching on fast, and he knew he could be kept busy for decades building temples. 

It turned out to be centuries. Over 14 centuries, in fact. 

Shigemitsu Kongo formed his construction company Kongo Gumi in 578 AD, and it lasted 1,428 years. 

It’s extraordinary that any single enterprise could last so long. 

Even as late as 2004, temple building accounted for more than 80% of the company’s revenue, which exceeded USD $60 million. 

But ten years ago the company finally went under due to the massive debt burden they had accumulated. 

It started back in the 1980s. Japan was in the midst of an epic financial bubble thanks to unconstrained credit growth and expansion of the money supply. 

Go figure, central bankers artificially suppressed interest rates, keeping them way too low for way too long. And it created a huge asset bubble. 

Asset prices in Japan got so out of control that for a short time during the 1980s, it was said that the grounds of the imperial palace in Tokyo were worth more than all of the real estate in the entire state of California. 

As part of this bubble, banks had relaxed their lending standards and were handing out loans to just about anyone. 

And many Japanese companies took on vast amounts of debt, including Kongo Gumi. 

Debt was like a popular drug. Everyone was doing it. 

But when the bubble burst in 1989, asset prices collapsed. And companies that had borrowed heavily were left with nothing but debt. 

Kongo Gumi didn’t go out of business right away. The company was able to limp along for more than two decades on basic life support. 

Soon they were borrowing money just to pay interest on the money they had already borrowed, even though interest rates were at record lows. 

But eventually the company’s revenues were no longer sufficient to service the debt. 

And in 2006 Kongo Gumi was forced into liquidation. 

This company lasted over 1,400 years. 

They survived countless political crises, wars, and natural disasters. 

They survived the Meiji Restoration in the 1800s, a period in which the government set out to eradicate Buddhism from Japan, and hence, the temple building industry. 

They even survived two atomic bombs. 

What Kongo Gumi couldn’t survive was debt. 

It doesn’t matter if you’re an individual, a company, a government, or even a central bank; if your balance sheet doesn’t add up, sooner or later you’re going under. 

It’s concerning to see consumer debt once again on the rise in the Land of the Free, at the fastest pace since the days of the financial bubble. 

Perhaps most appropriate was a Superbowl commercial from Quicken Loans advertising how easy they have made it to obtain a loan. 

“Push button. Get mortgage.” says the commercial. 

More appropriate would be “Push button. Get into debt. Then buy more useless stuff.” 

It’s a blatant snapshot of how far along we are in this latest financial bubble. 

Of course, most western governments are in this position as well; they can go further into debt with a few strokes of the pen. 

No surprise that many governments must borrow money to pay interest on money they’ve already borrowed, even at a time when interest rates are at record lows! 

And yet the leading mainstream economic minds claim that debt (and money printing) are actually CURES to economic problems, and not causes of them. 

As my colleague Tim Price points out, medieval doctors used to advocate leeches as a way to cure sick people. 

Yet this approach turned out be largely ineffective and tended to kill the patient. 

Sometimes the final consequences take years. Even decades. 

Old, established institutions have the ability to kick the can down the road, just like Kongo Gumi did. 

And even in terminal decline they can even give the appearance of strength. 

Just a few years before its demise, Kongo Gumi was still a media darling that seemed strong, fit, and likely to last another 1,400 years. 

The LA Times, for example, ran a story in 2003 praising the company for its deft ability to outlast Japan’s tough economic conditions. 

Kongo Gumi folded less than three years later. 

This is an incredibly important lesson: debt is a killer. And no one is immune to this inevitability.
 
Until tomorrow, 
Simon Black   Founder, SovereignMan.com

On Wednesday the Prime Minister Haider al-Abadi called the international community to help Iraq to rebuild its economy, while emphasized that Iraq doesn’t need any foreign troops in its war against terrorism.

Abadi said during a joint press conference with his Italian counterpart Matteo Renzi in Rome, “Iraq is passing through a very difficult situation and needs to revive its economic structure because it mainly depends on oil,” adding that, “Iraq needs the international community support in reviving its economy, after the collapse of oil prices in the global markets.”

Abadi added, “Iraq doesn’t need any foreign troops on its territory,” pointing out that, “The international coalition helps Iraq in its war against terrorism through providing the needed training to the Iraqi armed forces.”

“Iraq wants to end the presence of ISIS by the end of 2016,” the Prime Minister continued.

LINK

KTFA:

Moneytalks1:  Frank and family, VERY EXCITING ARTICLE  (see article below)

I think this latest IMF article is VERY VERY important in terms of determining the final international rate(s)-not only of the IQD- but of corresponding international rates for various countries wishing to export to Iraq…tarrif and rate related.

IMO, the is the last piece of the “new Math” that Frank talked about recently.

DELTA:  I’M SURPRISED NO ONE IS JUMPING ON THIS ARTICLE !!!

HERE IS WHY

FAMILY DO YOU REMEMBER THIS ANNOUNCEMENT FROM CBI ON 12/20.?
….

To all licensed banks and licensed money transfer all companies and financial investment companies and broker the buying and selling of foreign currencies approved all companies ( foreign exchange rate )

We would like to inform you that the exchange rate by international standards is still under study and we will inform you about the results as soon as we done knowing that was changing the base rate of the US dollar against the Iraqi dinar before this to 1182 Dinners per dollar .

DELTA:  CBI WAS WAITING FOR THE STUDY TO BE DONE FOR THE EXCHANGE RATE

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IMF’s Middle East Regional Technical Assistance Center and the Statistics Department Conclude Workshop on Price Index Compilation Issues

Press Release No. 16/48 February 8, 2016

The International Monetary Fund (IMF)’s Middle East Regional Technical Assistance Center (METAC) and the Statistics Department held a workshop on “Price Index Compilation Issues” in Beirut, Lebanon from February 1-5, 2016.

The workshop addressed specific price statistics compilation issues of participating countries. International standards and best practices were discussed with regard to the compilation and dissemination of price indexes.

The interactive workshop facilitated extensive discussions and included practical exercises. In a final wrap-up session, participants were given the opportunity to identify potential areas for future METAC technical assistance support.

Officials from national statistical offices who are involved in the compilation of price statistics in the Middle East and North Africa (MENA) region attended the workshop. In total, 24 participants from eight countries attended.

The countries represented included: Afghanistan, Egypt, Iraq, Jordan, Lebanon, Pakistan, Sudan, and West Bank and Gaza.

https://www.imf.org/external/np/sec/pr/2016/pr1648.htm

The UN Under-Secretary-General for Political Affairs Jeffrey Feltman stated, that ISIS is still trading in oil despite the United Nations’ decree that bans financing terrorism.

Feltman said in a statement during the Security Council meeting and obtained by IraqiNews.com, “ISIS emergence has been facilitated by the protracted conflicts and instability in Iraq and Syria, as well as the weakening of State institutions and the inability of the States to exercise effective control over territory and borders,” adding that, “The group, which has benefited from a flow of financial resources and its ties with transnational organized criminals, is expanding its operations to other regions.”

The UN Under-Secretary-General for Political Affairs continued, “ISIS main funding sources include the exploitation of oil and other natural resources, “taxing”, confiscation, looting of archeological sites, external donations, ransom payments; and other financing techniques, such as the use of the Internet and social media to raise funds.”

He also pointed out, “ISIS attraction to potential recruits continues unabated — particularly among young people in both developed and developing States,” indicating that, “It is estimated that around 30,000 Foreign Terrorist Fighters, originating from over 100 Member States and driven by a number of social, economic and geopolitical conditions, combined with individual circumstances, are actively engaged with ISIS and associated groups.”

“These groups are using the Internet and social media as a promotional and recruitment tool. Information and Communication Technologies play a crucial role in the preparation of FTF travel to join ISIS and its affiliates, the training and sharing of “effective practices” and the planning of attacks,” Feltman added.

LINK

KTFA:

BACKDOC:  WELL THUNDER WHO’S TALKING?

WELL, IRAN SEEMS TO BE REFERRING TO A DAY WHERE ALL THESE CONTRACTS FOR THINGS THEY ARE BUYING AND SELLING WILL BE SET IN MOTION!
 
IMPLEMENTATION DAY!
 
YOU HAVE TO LOVE IT! YES FAMILY EVENTUALLY THESE CONTRACTS HAVE TO HAVE SETTLEMENT DATES! THEY ALREADY TOLD US THAT WHAT CURRENCIES THOSE SETTLEMENTS WOULD BE IN DIDN’T THEY?
 
OHH YAAA! EUROS FOR OIL!
 
WITH IRAQ STATING THAT THEIR FINANCIALS WILL RETREAT TO THE FIRST OF THE YEAR, WE NOW WAIT FOR THE DRAGON TO LIGHT IT’S FIRE AT THE END OF ITS, NEW YEAR HOLIDAY!
….

AROUND THE 15TH ACTION WILL BEGIN ON SOME LEVEL!

HOW SIGNIFICANT THAT WILL BE REMAINS TO BE SEEN BUT IF IRAN IS RIGHT AND THEY HAVE BEEN SO FAR, WE ARE APPROACHING IMPLEMENTATION DAY VERY SOON!
 
IF THE IMF GETS ITS WAY FOR IRAQ ON LETTING IT CHANGE CURRENCIES FREELY FOR INVESTMENTS WE MAY SEE A MERGING OF ALL SCENARIOS AROUND A WINDOW OF THE 15TH TO THE 22ND AS JUST A BALL PARK!
 
THAT WOULD GIVE ENOUGH FLEXIBILITY FOR IRANS STATEMENTS OF LESS THAN A MONTH TO BE ACCURATE!
 
EITHER WAY WE ARE CLEARLY HEADED QUICKLY TO IMPLEMENTATION DAY MY FRIENDS! IRAN WANTS TO BE PAID AND AS WE HAVE CLEARLY SHOWN YOU!
 
THEY WON’T DO THIS WITHOUT THEIR TRADING PARTNER IRAQ, SINCE THEY SHARE INCOME PROPERTIES AND NEED TO HAVE COMPATIBLE CURRENCIES!
 
8@8,DOC    IMO

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Thunderhawk:   Backdoc Alert

Cashing Out: Why Has Iran’s State Oil Company Decided to Dump the Dollar?

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Tehran has taken revenge on Washington for years of US-driven economic warfare against Iran: the National Iranian Oil Company has announced that Iran will only accept payment in euros, not dollars, for its oil, F. William Engdahl notes, adding that Saddam Hussein had adopted a similar ‘petroeuro’ practice, prompting the US to invade Iraq.

On January 16, 2016 SWIFT (Society for Worldwide Interbank Financial Telecommunication) announced that it was readmitting all Iranian banks into the payment system following an official report from the IAEA that Tehran met the requirements of the nuclear deal.

“The EU stated that European companies, including oil companies, were no longer prohibited from doing business with Iran.

The Obama Administration, however, was not so generous. The US Treasury stated that ‘the US embargo will generally remain in place, even after Implementation Day, because of concerns outside of Iran’s nuclear program’,” American-German researcher, historian and strategic risk consultant F. William Engdahl writes in his article for New Eastern Outlook.

Washington’s move hardly took Tehran by surprise: Iran’s Supreme Leader Ayatollah Khamenei has repeatedly claimed that Obama administration officials cannot be fully “trusted.”

However, the Iranian leadership is not going to fret and fume over the White House’s decision to lift only a portion of its sanctions on Iran. Instead, the Middle Eastern grandmaster has made its own move.

“In gratitude for 37 years of USA economic sanctions being lifted, on February 5… an official of the National Iranian Oil Company has announced that Iran will accept payment only in euros, not dollars, for its oil.

The official added that that rule applied to newly signed deals with France’s energy giant Total, Spain’s refiner Cepsa and Russia’s Lukoil,” Engdahl points out.

“Our top priority is to receive cash and oil demands in euros,” Safar-Ali Karamati, Deputy Director of International Affairs for Marketing and Crude Oil Operation in the National Iranian Oil Company, told Shana on February 6, 2016.

Citing Iranian Minister of Petroleum Bijan Zangeneh, the media outlet elaborated Tuesday that foreign oil companies that owe Iran billions of dollars would be compelled to settle their debts in euros.

“Greece’s Hellenic Petroleum, Italy’s Saras and Royal Dutch Shell own Iran about $4bn which will be paid back to Iran in euros,” Shana reported, adding that Emirates National Oil Company (ENOC), Japan and the Netherlands have started to repay their debt to the Central Bank of Iran.

“Why is this such a big deal, you might be asking? In and of itself it isn’t,” Engdahl remarks.

The crux of the matter is that Tehran’s decision coincided with similar moves among other nations of Eurasia, most notably Russia and China. The countries are shifting from the dollar to national currencies in their oil trade.

To add insult to the petrodollar’s injury, Russia is planning to start trading Russian crude oil futures in rubles on the St. Petersburg Mercantile Exchange.

Moreover, Moscow is considering the creation of a new Urals ruble oil benchmark to replace the US-dollar Brent futures at the London ICE exchange, Engdahl emphasizes.

The researcher calls attention to the fact that the dollar’s hegemony is rooted in the petrodollar recycling system.

Engdahl’s book “A Century of War: Anglo-American Oil Politics” tells the astonishing story of the petrodollar’s “birth” back in the 1970s.

“In December 1974, in strict secrecy, the US Treasury Assistant Secretary, Jack F. Bennett, later to become a director of EXXON, signed an agreement in Riyadh with the Saudi Arabian Monetary Agency (SAMA, the Saudi central bank). The mission of SAMA was ‘to establish a new relationship through the Federal Reserve Bank of New York with the US Treasury borrowing operation.

Under this arrangement, SAMA will purchase new US Treasury securities with maturities of at least one year,’ explained Bennett in a February, 1975 memo to Secretary of State Kissinger,” the researcher narrates.

That meant the US government was free to run almost unlimited deficits, since Saudi petrodollars would buy US debt, Engdahl explains.

Furthermore, Riyadh persuaded the OPEC oil states to sell their crude for US dollars only. In return, Washington supplied Saudi Arabia with modern American weaponry and turned a blind eye to the misdeeds of the House of Saud.

“The result was a dramatic revival of a sinking US dollar,” the researcher points out.

Washington jealously guarded its interests. When Iraqi leader Saddam Hussein began to sell oil for euros, Iraq was invaded by the US and the undesirable regime of Hussein toppled. The petrodollar’s hegemony was restored.

All good things must come to an end, though.

The emerging economies of the BRICS are moving away from the dollar and it seems that the end of the dollar-based world economy is around the corner.

http://www.seznam.name/rss-clanek-21228 … ollar.html

BACKDOC:  FANTASTIC ARTICLE WS! (See article below)

COULD THEY BE WAITING TO SWAP ON IMPLEMENTATION DAY? MMMMMM

WE CAN ONLY SPECULATE FOR NOW, BUT WE WONDER WHAT CURRENCIES THAT CHINA WILL PEG TO ONCE IT DE-PEGS FROM THE DOLLAR! MMMMM

DOC   IMO

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DITTO: Thanks WS GREAT ARTICLE!!!  ThunderHawk

Walkingtick:   Ruble-Rial Swap on Hold

EconomyBusiness And Markets

It would take more time for Iran and Russia to initiate a currency swap, said Ghadir Ghiafeh, vice chairman of Iran-Russian Chamber of Commerce, on Tuesday.

He said although both countries are firm in their decision to do so, there might be a delay in launching the agreement, mainly because both the ruble and the Iranian currency are weak at the moment, and the two countries’ economies are dependent on the US dollar and oil revenues, eximnews.ir quoted him as saying.

Tehran and Moscow unveiled plans for a currency swap agreement on January 2015.

Iran has been trying to curb its dollar transactions since the imposition of economic sanctions a decade ago and gradually replace the greenback with the Chinese yuan, euro, Turkish lira, Russian ruble, and South Korea’s won.

Short Url : http://financialtribune.com/articles/ec … -swap-hold