[Jester] GOOD MORNING  CASTLE  MODS, PEEPS, LURKERS, CRITTERS! HOPE EVERYONE IS DOING WELL THIS MORNING!

[Jester] SORRY I’M RUNNING A LITTLE LATE… HOPE IT HASN’T CAUSED ANY INCONVENIENCE TO YOU…

[Jester] GOT A QUICK POST FOR THOSE THAT HAVEN’T CAUGHT UP WITH THE UN ANNOUNCEMENT FROM YESTERDAY… THIS POST HAS NOTHING TO DO WITH IRAQ… NOT SURE HOW THIS STUFF GETS OUT THERE SO FAR WITHOUT ANYONE ACTUALLY CHECKING IT OUT… JUST GOES TO SHOW THAT PEOPLE NEED TO START DOING THEIR HOMEWORK BEFORE BLASTING THINGS OUT…

[Jester] SHORT TRANSCRIPT OF THE VIDEO FOLLOWING…

[Jester] Secretary general [Ban Ki-moon] will visit the NYSE tomorrow and deliver remarks on the evolving role of stock exchanges in promoting sustainable capital markets. He will also join NYSE Euronex CEO Duncan Niederauer in ringing the closing bell.
….
Read More Link on Right

[Jester] The reason for the visit to the NYSE Euronext is that the stock exchange is expected to announce that it is joining the United Nations sustainable stock exchanges initiative and this initiative aims to explore hoe exchanges can enhance corporate transparency on environmental, social, and corporate governance matters.

[Jester] SO I WOULDN’T WORRY TOO MUCH ABOUT THE RINGING OF THE BELL CEREMONY IF I WAS YOU…

[cashinqueen] Jester so has okie had to refuel his plane already… running low on fuel last night lol

ester] cashinqueen THE TENNESSEE AIR NATIONAL GUARD REFUELING GROUP TOPPED HIM OFF… LOL

[Jester] SO MUCH FOR THAT… LOL

[alin] Jester, last night you said JL is working feverishly to finalize this in Reno. Things are still on schedule for today, right?

[peacemaan] Jester Have you been able to confirm if JL is in fact in Reno and if he is “staying til the job is done?”

Jester] peacemaan alin THAT IS THE REPORT… CAME FROM SOME GOOD SOURCES… I AM STICKING WITH THAT STATEMENT UNTIL SOMETHING CHANGES…

[heartfelt] Jester When I read this in chat yesterday I went looking for proof about Iraq opening bell. found the rumor on Neno’s place whoever that is. .

[heartfelt] Jester many people take all what is posted in chat as gospel and need to do their own research

[Jester] heartfelt THAT IS EXACTLY WHAT IT IS…IT WAS EASY ENOUGH TO DISPELL… ALL SHOULD CHECK THESE THING THAT ARE EASILY CHECKED FOR THEMSELVES INSTEAD OF PERPETUATING RUMORS…

[BLESSME] Jester meeting at UN today. Are we looking for something there?

[Jester] BLESSME I THINK THAT WAS YESTERDAY… NO OUTCOME INFORMATION IS AVAILABLE YET…

[Diogenes] Jester GM. Thanks for the facts on the UN/Stock Exchange. It does show how susceptible people are to those who would manipulate them. Word of caution. You said JL and the center of attention was to be changing prior to yesterday. What changed?

[Jester] Diogenes NOTHING.. THEY WENT AND DID WHAT THEY NEEDED TO DO TO PREPARE AND NOW HE IS BACK IN RENO…

[Diogenes] Jester OK, thanks. They are moving fast. :)

[Jester] Diogenes YES THEY ARE…

[DancesWithWolves] Jester was the eyewitness account of documents being signed off by UN hogwash?

[Jester] DancesWithWolves I HAVE NOT HEARD ANYTHING THAT SUPPORTS THAT RUMOR EITHER… I THINK THERE IS A TENDENCY FOR PEOPLE TO PUT THEIR OWN SPIN ON EVENTS TO MAKE THEM MEAN WHAT THEY WANT THEM TO MEAN…

[Jester] TAKE THE CASE IN POINT OF THE UN RINGING THE BELL CEREMONY…

[Iank1978] Jester so are you saying that the UN hasn’t signed off yet ??

[Jester] Iank1978 I AM SAYING THERE IS NO CREDITABLE VERIFICATION OF WHETHER THAT IS TRUE OR NOT AS OF YET….

[jerseyjoe] Mrs.) Jester do you have the link from the UN that talks about the the ringing of the bell…..I would love to listen to it again

[Jester] jerseyjoe    http://webtv.un.org/watch/daily-press-briefing-security-council-secretary-general-on-myanmar-maliunhcr-minusma-monusco-south-sudan-darfur-iraq-nyse-unesco/2562043579001

[Jester] I THINK THERE IS ENOUGH INFORMATION OUT THERE TO INDICATE THAT THINGS ARE MOVING ALONG… WHEN THE BANKS ARE TALKIGN SO OPENLY ABOUT IT IN SO MANY CIRCLES… AND YOU LOOK AT ALL THE EVIDENCE OF THINGS HAPPENING AROUND THE WORLD… YOU HAVE TO SEE THAT THINGS ARE MOVING THE RIGHT DIRECTION AND GETTING CLOSER ALL THE TIME…

[19rue] Jester So, are you saying that Ban Ki Moon ringing the bell has nothing to do with the global reset?

[Jester] 19rue THAT IS WHAT I AM SAYING… IT HAS NOTHING TO DO WITH THE RV.. IT DOES HOWEVER HAVE TO DO WITH WORK EXPECTED TO BE DONE AFTER THE RESET… THAT IS ANOTHER TYPE OF INDICATOR IN AND OF ITSELF IF YOU ARE WATCHING FOR SUCH THINGS…

[Jester] The reason for the visit to the NYSE Euronext is that the stock exchange is expected to announce that it is joining the United Nations sustainable stock exchanges initiative and this initiative aims to explore hoe exchanges can enhance corporate transparency on environmental, social, and corporate governance matters.

[candy] Jester is there any verification that Shabibi is back on the scene?

[Jester] candy I REALLY HAVE NO IDEA… I DO NOT WATCH IRAQ THAT MUCH…

[Papa Bear] BGG and Poppy3 are your total Iraq watchers

[Jester] LIKE I SAID LAST NIGHT… WE ARE AWARE OF BANKS TAKING SOME PEOPLE IN TO GET THEIR BUSINESS… PEOPLE BEING GIVEN GFR’S… HEARD THAT MANY BANKS ARE INVOLVED IN THIS… TRYING TO TAKE SOME MARKET SHARE FROM THE WF DEAL SO THEY CAN GET A PIECE OF THE PIE… THIS IS GOOD NEWS THAT THEY ARE THINKING IT IS GETTING CLOSE TOO…

[sandytob] Jester what is a GFR please?

[Jester] sandytob GUARANTEED FUND RECIEPT… SAME AS LAST NIGHT.. LOL

[chefbear96] Jester how would one get in on that deal, I’d take a look and what they where offering:)

[Jester] chefbear96 YOU DON’T WANT THAT DEAL… YOU WILL NOT GET YOUR MONEY ONE BIT FASTER… AND THE RATES ARE NOT THAT GREAT… BETTER OFF TO STICK WITH THE WF DEAL AND GET THAT…

Papa Bear] Folks please listen to Jesters voice of reason .I have also given puppylove something. Stay calm

[Iank1978] Jester is Wells Fargo concerned that other banks are pulling in potential clients ?….whether they are getting cash or not they are locking in the customers to exchange with them IMO

[Jester] Iank1978 CAN’T REALLY ANSWER THAT… DO NOT KNOW WHAT THE PIPELINE FOR THE DINAR WILL BE AFTER THAT FROM THOSE SOURCES… COULD BE A WAY FOR THOSE WANTING THE DINAR TO TAKE IT IN CHEAPER THAT WAY… THAT IS SPECULATION RIGHT NOW REAGRDING WHAT IS HAPPENING BUT ALSO A DISTINCT POSSIBLITY…

[DancesWithWolves] Jester Are you aware of any movements of Vietnamese officials to Washington today?

[Jester] DancesWithWolves JUST THE RUMORS EVERYONE ELSE IS HEARING.. NO DETAILS HAVE BEEN FORTHCOMING AS OF YET…

[pokerbrat] Jester what banks would that be doing GFR’s?

[Jester] pokerbrat HSBC, BANKS OF SCOTLAND, CITI, BOA, CHASE, JP MORGAN, ETC. ETC.

[WCW] Jester wf and it s a big bank told me no one will cash out till it rv he said he wished he knew where people was getting this imfo

[Jester] WCW NO ONE IS GETTING CASH… BUT THERE IS NOTHING KEEPING ANY BANK ANYWHERE FROM SETTING UP FOR THE EVENT IF YOU CARE TO TAKE A GFR…

[tampa—dd] Jester you seemed unusually open with details last night. Is that a sign for us as to how close this is

[Jester] tampa—dd SOME THINGS CAN BE SHARED AND SOME CANNOT… IF I CAN SHARE IT I WILL..

[mollie] Jester. What are you looking for from UN today based on your comment last night? [Jester] I HEARD THEY TRIED TO ACCELERATE THE UN PROCESS TO TODAY BUT IT DID NOT HAPPEN… BACK ON THE ORIGINAL SCHEDULE FOR TOMORROW…

[Jester] mollie THE COMMENT IS THE SAME… EVERYONE IS AWARE THE UN WILL MAKE SOME SORT OF ANNOUNCEMENT TODAY… WE HEARD THEY WANTED TO TRY AND GET IT DONE EARLIER… DIDN’T HAPPEN… BACK ON ORIGINAL SCHEDULE NOW…

[Diogenes] Jester Any news you can share on the Republic being ready? Is nothing going to change with Fed and IRS activity until the flip is switched?

[Jester] Diogenes IT IS ALREADY UNDERWAY… THEY ARE TRYING TO GET THE IRS DONE NOW… WERE HOPING FOR LAST WEEK… THE FED IS PROBABLY FURTHER ALONG THAN YOU THINK… HE ASSETS WERE TRANSFERRED TWO OR THREE WEEKS AGO AS REPORTED… IT IS HAPPENING…

[WCW] legal terms banks cannot take dinar until it becomes a tradeable currency…. it s against the law if thats the case they could have all ready let us come in and get us out of the way

[Jester] WCW I DISAGREE… THEY CAN DO WHAT THEY WANT FOR AN ASSET YOU HAVE IN YOUR POSSESION… WE HAVE VERIFIED THAT IT IS DOABLE…

7-23-13 millionday:    so let me explain…. this is very simple – they are discussing which it is going to be — rv (revalue) or a ri (reinstatement).

its that simple so obviously they are discussing it because we really like it that they are or —- we are very close.

a reinstatement would be a simple redenomination and the removal of the three zeros — a revalue will be the set rate and the removal of the three zero currency would be a result as would the exchange rates to all other foreign currencies.

so if the rate is set to what their goal is as in an rv — it would make the three zero currencies not usable or at least not as popular in the street and they would retire them due to the new pricing. ect. ect.

either way — it will all only effect the inside of the country as to what their choice is — the exchange rates either way will change to a real rate that they can hold and represent make sense ?

[Q.  Will it be a lop?]

A.  no… the reason is this.

a lop happens when the prices and the currency and the inflation has three or four ect zeros on it that can be removed and not effect the exchange rates

they do not the inflation and the rate is imposed so they wont serve themselves by lopping their currency and they are not able to do to the inflation % they are at.

7-23-14 TD:    I just finished a very long chat with my GOI source. Remember Kuwait and “Well the King Died and thus NO RV? RI?. ” Well today CBI members and other GOI members put out their own versions of half truths. They are NOT ready to do a straight RV/RI to the 3+ rates of yester year . Their infrastructure and accounting & banking mechanisms WILL NOT support that. In addition their lower denoms & coins are still on order and especially the coinage will take months. What they are ready for is a FLOAT. And the whole world & IMF are indeed ready for Iraq to start somewhere. They are able to handle and manage that soon. As I reported earlier TURKI is on board to conduct the train from the station.

Banking sources: expectations down the dinar against the dollar in the coming days
Parliamentary sources confirmed the economic, Tuesday, that the price of the Iraqi dinar will rise against the dollar’s decline in the coming days in the light of the steps taken by the Central Bank of Iraq.
A source in the Iraqi Central Bank for “obelisk”, “The parliamentary officials and economists praised the decline witnessed by the exchange rate of the dollar and the high price of the Iraqi dinar in the light of the steps taken by the Iraqi Central Bank and banks in this area, which is reflected in this activity. ”
The source added that “it is expected to continue this decline of the dollar and that the Iraqi witness Iraqi dinar biggest improvement over the next few days, according to the Central Bank and indicators of market movement. ”
Recommended that a report by the International Monetary Fund (IMF), Tuesday, Iraq pace of structural reform to boost growth and job creation in the private sector, and the need to continue the good governance of foreign reserves at the Central Bank of Iraq and the Development Fund for Iraq.
The banking source familiar confirmed for “obelisk” in (19 of July of this), that the Association of Iraqi banks agreed with the Central Bank to reduce the dollar exchange rate cash to 1180 dinars instead of 1184 Iraqi dinars as of last Sunday, with the expectation that you responded to all banks For this initiative, he pointed out that this reduction will bring great benefit to the

– U. S. stock futures pointed to a higher open on Wednesday, as investors eyed the release of U. S. data and a string of fresh earnings reports later in the day, amid sustained uncertainty over the future of the Federal Reserve’s stimulus program.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0. 19% gain, SP 500 futures signaled a 0. 28% rise, while the Nasdaq 100 futures indicated a 0. 88% climb.
Investors remained cautious as weaker U. S. data recently dampened expectations that the Fed will scale back its easing program later this year.
Last week Fed Chairman Ben Bernanke said the bank could start tapering bond buying by the end of the year if the economy continues to improve, but added that there was no “preset course. ”
Markets were also jittery after the preliminary reading of China’s HSBC manufacturing PMI fell to an 11-month low of 47. 7 in July, from a final reading of 48. 2 last month. Analysts had expected the index to rise to 48. 6.
Tech giant Apple was expected to remain in focus after topping analysts’ earnings projections in its fiscal third quarter, even as profit declined from a year earlier and sales were largely flat.
After the close of the U. S. trading session on Tuesday, the company reported earnings of USD7. 47 a share, beating the USD7. 30 average estimate. Apple shares surged 3. 90% in pre-market trade.
In the same sector, Dell shares climbed 0. 62% pre-market as the company’s postponed special shareholder meeting was to take place later in the day. Shareholders were to vote on Chief Executive Officer Michael Dell’s takeover proposal.
Also in earnings news, ATT posted profit that fell just below analysts’ estimates as costs rose for smartphone discounts used to persuade more customers to sign long-term contracts. The news sent shares in the U. S. phone company down 0. 45% in extended trading.
Elsewhere, Juniper Networks was also likely to be active, as the company announced the retirement of CEO Kevin Johnson, even as sales and profit forecasts beat estimates.
Other stocks expected to be in focus included Boeing, Caterpillar, Pepsico, Ford, Delta Air Lines, Seagate, US Airways, WellPoint Health, Tupperware and Potlatch, all scheduled to post second quarter results later in the day.
Across the Atlantic, European stock markets were higher. The EURO STOXX 50 advanced 0. 85%, France’s CAC 40 jumped 0. 88%, Germany’s DAX gained 0. 63%, while Britain’s FTSE 100 climbed 0. 70%.
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07/24/2013 12:00 AM
Baghdad, Omar Abdel-Latif
resumed joint committees between the Kurdistan region and the center, work to resolve outstanding issues between the parties, the center’s insistence shown by the National Alliance for the settlement of all files is different on them, particularly oil and gas laws and border demarcation and Article 140, which is the same thing that was expressed by a coalition of Kurdish blocs, When expressed welcomed the move which he described as “positive”.
formed joint committees between the province and the center, after talks adopted the principle of dialogue between the two sides, before so they can be set a deadline for the start of work after a visit by the President of the Kurdistan region, Massoud Barzani to Baghdad recently, during which he met Prime Minister Nuri al-Maliki, and the President of the House of Representatives, and a number of political leaders, who agreed to activate the joint committees between Baghdad and Erbil to end the differences. spokesman for the coalition of Kurdish blocs MP supporter Tayyip announced for “Center Brief for the Iraqi Media Network,” said the joint committees to resolve outstanding issues between Baghdad and Erbil began its work effectively, and that the priority in solving the problems will be the issues that relate to Balsulttin the executive and legislative branches.
For his part, predicted a member of the House of Representatives for the National Alliance Haitham al-Jubouri that the complexity of the Finance Committee during the next few days, a meeting to determine the direction between the central government and the Kurdistan region. Among Jubouri in an interview for “Center Brief for the Iraqi Media Network,” The committees are determined to solve all the problems after the committee was formed specialized on each file of the outstanding issues, as a committee of oil and gas, financial and other common legal issue of powers. Prime Minister said during a news conference collected President of Kurdistan, Massoud Barzani during the latter’s visit to Baghdad, “it was agreed to activate the joint committees to address all outstanding issues between the federal government and the Kurdistan Regional Government on the back and the base of the higher interest and the Constitution. ”
extensive details . . resumed joint committees between the Kurdistan region and the center, work to resolve outstanding issues between the parties, the center’s insistence shown by the National Alliance for the settlement of all files is different on them, particularly oil and gas laws and border demarcation and Article 140, which is the same thing expressed by the coalition of Kurdish blocs, when expressed welcomed the move which he described as “positive”.
formed joint committees between the province and the center, after talks adopted the principle of dialogue between the two sides, before so they can be set a deadline for the start of work after a visit by the President of the Kurdistan region, Massoud Barzani to Baghdad earlier this month, and during which he met Prime Minister Nuri al-Maliki, and the President of the House of Representatives, and a number of leaders politicians, who agreed to activate the joint committees between Baghdad and Erbil to end the differences.
actual work spokesman for the coalition of Kurdish blocs MP supporter Tayyip announced that the joint committees to resolve outstanding issues between Baghdad and Erbil began its work effectively, and that the priority in solving the problems will be the issues that relate to Balsulttin Executive and the legislature.
believes ok in an interview for “Center Brief for the Iraqi Media Network,” that the federal system is a new system for Iraq, it is natural to witness this application differences between the province and the federal government, on the one hand and the federal government and other provinces on the other, but there is of regulating these relationship, namely the Iraqi Constitution and the Federal Court, hoping that the Federal Court role in resolving such disputes on the grounds that this court could play an important role in any federal country to organize the relationship between the center and the provinces and territories.
priority files and the MP that the committees that have been agreed to form between the federal government and the province to resolve outstanding issues have begun their work, noting that the priority in solving the problems will be common issues that relate to Balsulttin executive and legislative branches, such as the oil and gas, which, if enacted, it will ensure that solve many of the problems, as well as the issues that aspires everyone to processed through the work of those committees, counterbalance the Peshmerga and pass a law demarcation of the administrative border of the provinces and the security file in the areas of disagreement and Article 140.
hinted good that benefits the oil companies in the Kurdistan region, which did not prove within the budget of the year 2013 can not be solved only by legislation the law of oil and gas, pointing out to the existence of differences in the understanding of the powers of the province and the federal government on this issue, likely renewed differences on the budget 2014 as happened in the budget this year, describing those differences as normal and solvable.
was balancing this year 2013 has seen many of the differences between the political blocs and the coalition of Kurdish blocs on dues of the oil companies operating in the region, because the coalition mentioned that the amount that must be paid to those companies is 4 trillion and 200 billion dinars, while the figures installed with BSA confirms that the remaining amount of those companies is trillion and 600 billion dinars, and thus be There is a vast difference between the two figures, which led to the vote on the budget by the political blocs was rejected by a coalition of Kurdish blocs vote.
recent meeting of his predicted a member of the House of Representatives for the National Alliance, Dr. Haitham al-Jubouri that the complexity of the Finance Committee during the next few days, a meeting to determine the direction between the central government and the Kurdistan region of Iraq. between Jubouri in an interview for “Center Brief for the Iraqi Media Network,” The committee is determined to solve all the problems after the committee was formed specialized on each file of the outstanding issues, as a committee of oil and gas, financial and other common legal issue of powers.
was Prime Minister said during a news conference gathered the President of Kurdistan, Massoud Barzani during the latter’s visit to Baghdad earlier this month, “it was agreed to activate the joint committees to address all outstanding issues between the federal government and the Kurdistan Regional Government on the back and the base of the higher interest and the Constitution. ” He Maliki that Among the issues which will operate the joint committees to be resolved as soon as, Article 140 and the mechanics of application and provincial boundaries and the law, and a census in order to resolve this issue and end up not remain a problem, as well as topics of oil and the Peshmerga and the security forces and all the issues that the difference in views, and by including also pass laws broken.
For his part, Barzani said that it was agreed to take practical steps through the activation of the committees agreed to form and reach the results that serve Iraq and Iraqis, adding that the results of the work of the committees applied in the field are not the issues of

07/24/2013 12:00 AM
In an annual report issued after meetings with specialists
International Monetary Fund forecast that achieves Iraq during the current year economic growth of 9 percent after a rise in the volume of oil exports. came these expectations in a report issued by the fund recently included positive signals in more than a paragraph of what witnessing the Iraqi economy development.
The report was issued after the consultative meetings held between representatives of the Fund and the Iraqi side in March of this year
in an interview, “morning” with the head of the IMF mission to Iraq Carlo Sidr Allweg on the most prominent was the report in regards to Iraq He said: The work was done primarily through the programs of the International Monetary Fund (IMF) official, which also included financial and technical assistance.
It has provided those programs framework to help the Iraqi government and the Iraqi Central Bank on the application of sound policies, especially public finances of the state, and to contain inflation, and maintain a fixed price for the Iraqi dinar exchange (strong and stable) and the restructuring of external debt Iraqi successfully.
noted that the report of Article IV is a way to control regular periodic exercised by the International Monetary Fund (IMF) on each of its members.
This control is a relatively new type of relationship between the IMF and Iraq; because we – the IMF – we were and still working with Iraq since 2004. addressing the challenges facing Iraq and said Allweg: The report issued by the major recommendations emphasizes the importance of take-makers policies Iraqis stand initiatives further towards addressing many of the challenges facing Iraq, in order to realize the potential of Iraq’s enormous economic entirety, and dissemination of the benefits of economic growth to the general population.
adding that the report has mentioned on five policy recommendations, will establish, from the standpoint of International Monetary Fund (IMF), the foundations for achieving higher economic growth and lower rates of poverty over the next few years. He stressed that the recommendations are: first sustainable budgets the government should focus on developing sustainable budgets can finance public spending of the proceeds of oil revenues.
But because government spending is the main channel of the shocks coming from the international oil market, the construction of public financial reserves, which can fortify the spending of declines in oil exports or in the price of oil, is crucial as well.
The government owns these reserves are actually in the Development Fund for Iraq (a type of bank accounts that spared to meet the need in the future), but the government should also increase the value of those reserves. raise the quality of spending and between it’s also important to contain the growth in public spending to avoid significant gaps in the budget in the future, in addition to reducing wasteful spending as well.
We appreciate the special role played by the public sector in Iraq, but we still see room for continuing to play this role, for example, by reducing the growth of employment / employment in the public sector, and reduce subsidies to the electric power sector, and reform of the public distribution system, owned and state-owned companies to the state.
In addition to building reserves of public finances, Iraq can use the savings to upgrade the quality of social spending quality, and public investment in infrastructure. editing the foreign exchange market either second recommendation, it had to be on the central bank to accelerate the pace of liberalization foreign exchange market, knowing that he had already begun so in recent times.
He served the exchange rate stable Iraq is well over the past few years, thus providing a nominal pillar of the economy, and helping to maintain a low level of inflation in an environment beset by doubts. But the Iraqi Central Bank had introduced a number of restrictive regulations intense in the last two years in response to concerns that Sawrth on money laundering and foreign exchange flows of illegal out of Iraq.
In our view, these regulations quoted a great deal of legitimate demand for foreign currencies to the parallel market, and as a result, it increased the difference between the price the official exchange rate and parallel, reaching 8 per cent in the month of April. supporting the value of the Iraqi dinar explaining that the third recommendation drew to the importance of continuing to exercise prudent management of Iraq’s foreign currency reserves held by the Central Bank of Iraq and the Development Fund for Iraq.
The IMF supports strongly the independence of the Central Bank of Iraq, and the need for the Bank to manage international reserves without political interference in order to support the value of the Iraqi dinar.
We also believe that it is also important to maintain the separation between the current international reserves, which are managed automatically from the central bank alone, and between public financial reserves, which are controlled by the government, and in the Development Fund for Iraq.
And must continue to wisely invest these reserves in liquid assets to a large extent. appreciate the progress made ​​by Iraq and pointed out that the International Monetary Fund (IMF) urged Iraq to make progress in financial sector reform. He said that we appreciate what Iraq’s progress in improving process control and restructuring of banks Rasheed and Rafidain bank.
But the financial system in Iraq is still too late to grow more dangerous, in the presence of levels of deposit, credit, much lower than the averages of the deposit and credit in the Middle East and North Africa.
The final recommendation came out a little bit about our basic framework, but is gaining critical to economic growth in Iraq.
We see a critical need for structural reforms to promote private sector growth and job creation. supporting Iraq The latest program from among those programs was “standby credit agreement,” which was adopted to approve in the year 2010, and expired in February 2013.
Therefore, we are moving at the present time to establish a relationship independent of free and equal between Iraq and the International Monetary Fund, but we still hope that you can this relationship to help Iraq, and we stand ready, of course, to return to a level of cooperation together more intense, if they want government Iraqi so; Our goal ultimately is to support the Iraqi people, and will provide this support in the best way we can use. , and for evaluation of the Fund for the latest performance record of the Iraqi economy, and what are the prospects for this economy? said Allweg was and remains the recent developments of macroeconomic growth entirely positive widely, and the credit for this is due, in a great degree of it, to the high volume of oil exports.
It surpassed the economic growth rate of 8 percent in 2012, and is likely to rise to 9 percent in 2013 when oil production rises to the level of 3. 3 million barrels per day. As well as the inflation rate fell from 6 percent at year-end 2011 to 3. 6 percent at the end of last year, and should rise only a slight rise to about 5 percent in 2013.
Also, the external situation of Iraq is also strong. Stressing that the international reserves of the Central Bank of Iraq has risen from $ 61 billion at year-end 2011 to $ 70 billion at year-end 2012. The fiscal reserves to the Development Fund for Iraq has risen is the other (16. 5) billion U. S. dollars to 18 billion U. S.

Experts: the opening of branches of international banks have a positive economic impact
See financial experts and bankers that the poor efficiency of local banks and not keep abreast of developments witnessed by the banking sector in the world to make way for international banks to open branches in the country, as revealed announcement bank Citigroup and American Standard Chartered, the British period, the last few years their intention to expand into the Iraqi market, what تختزنه Last of the great potential of the banking sector in this country, is that the experiences of some foreign banks in Iraq calls for caution to avoid some of the problems.

A member of the Finance Committee in the House of Representatives Najiba Najib, said that “the country’s dependence on banks balance and with a global reputation, gives confidence to the big companies and paid for the work and investment, noting that after the withdrawal of Iraq from Chapter VII note there are a lot of companies and international banks seeking to have branches in Iraq to take advantage of the budget big country and they find themselves can achieve huge profits.
said in her speech to the range, contrast, we need to support our sector banking entry through banks sober high reputation in terms of competence and experience to give it a motivation for investment companies to operate in the country better , “indicating that” it would strengthen the banking sector in Iraq and gives confidence to the major scientist to work and invest in the country.
She explained, “We can not rely on our banks because they do not continue to suffer from delays and inefficiency of the country is need of development in all economic fields.
For his part, banking expert Abdul Aziz Hassoun that the entry of these banks, investment market Iraqi impacts major economic plus it emphasizes the inefficiency of our banks. Said in a statement to the extent: that the local banks in Iraq are suffering from problems and disorders due to delays and inefficiency in some joints of its ” he said, adding “It was better during the last period that the development of its business and strengthen their financial and communications and beyond vulnerability and underdevelopment from which they suffer. And characterized the Iraqi market by low number of citizens who have bank accounts, allowing the banks a substantial margin to attract thousands of customers, particularly that the Iraqis are looking for a complete package of services ranging from current accounts to insurance services and mortgages, which are services not in the Iraqi market offers many them.
However, the Iraqi banking sector suffers from obsolescence legislation governing him and the dominance of state-owned banks and poor infrastructure and a large number of obstacles that make the exercise of banking activity is not easy at all. He says a Western diplomat who asked not to be disclosed, “Iraq has the qualifications too large for the exercise of banking activity,” he said, refers مايانك owner branch manager of Citigroup in Jordan and Iraq that the bank sees in the Iraqi market a great opportunity, as it seeks to take advantage of the benefits issued foreign banks will enter into the country.
The focus of Bank of America at the beginning of it to serve its customers browsing in Iraq, such as international oil companies operating in the oil sector south of the country, and in the long run will seek Citigroup to enter the field of commercial banking and retail (ie private individuals), but it did not announce a timetable for these steps .
Citigroup economists expect that the volume of Iraq’s economy by 2050, two trillion dollars, which exceeds the current size of 15 times, roughly equivalent to the size of the Indian economy now
And builds bank U. S. policy on upbeat outlook for Iraq, where he is expected economists they are working to become the number of Iraqis in 2050, some fifty million people and the economy of approximately size two trillion dollars, and the figure represents the last 15 times the value of the Iraqi economy now, and roughly equivalent to the size of the Indian economy at the moment.
With the development of the banking sector in the future there is a need for all well-known banking services in Iraq, where the limited proportion of citizens have access to loans and insurance, credit cards, mortgages and other financial products. Despite the tone of optimism in an interview with the owner, there are major obstacles to the banking business in Iraq, before the announcement, Citigroup last month its intention to extend its activities to the country, the Bank of HSBC British had announced days earlier for selling its stake in Bank of Dar es Salaam in Iraq, The 70% share.
And talks, diplomats and analysts for a number of major difficulties in the Iraqi banking sector, including the absence of modern legislation to pay Iraqis to confidence in the financial sector, and the banks are government Rasheed Bank and Rafidain banks dominate the field, which will reduce the incentive to innovate.
According to estimates by the World Bank did not exceed the size of the loans sector in Iraq 10% of GDP in 2010, while the ratio stood at 55% in the rest of the Middle

– U. S. stock futures pointed to a higher open on Wednesday, as investors eyed the release of U. S. data and a string of fresh earnings reports later in the day, amid sustained uncertainty over the future of the Federal Reserve’s stimulus program.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0. 19% gain, SP 500 futures signaled a 0. 28% rise, while the Nasdaq 100 futures indicated a 0. 88% climb.
Investors remained cautious as weaker U. S. data recently dampened expectations that the Fed will scale back its easing program later this year.
Last week Fed Chairman Ben Bernanke said the bank could start tapering bond buying by the end of the year if the economy continues to improve, but added that there was no “preset course. ”
Markets were also jittery after the preliminary reading of China’s HSBC manufacturing PMI fell to an 11-month low of 47. 7 in July, from a final reading of 48. 2 last month. Analysts had expected the index to rise to 48. 6.
Tech giant Apple was expected to remain in focus after topping analysts’ earnings projections in its fiscal third quarter, even as profit declined from a year earlier and sales were largely flat.
After the close of the U. S. trading session on Tuesday, the company reported earnings of USD7. 47 a share, beating the USD7. 30 average estimate. Apple shares surged 3. 90% in pre-market trade.
In the same sector, Dell shares climbed 0. 62% pre-market as the company’s postponed special shareholder meeting was to take place later in the day. Shareholders were to vote on Chief Executive Officer Michael Dell’s takeover proposal.
Also in earnings news, ATT posted profit that fell just below analysts’ estimates as costs rose for smartphone discounts used to persuade more customers to sign long-term contracts. The news sent shares in the U. S. phone company down 0. 45% in extended trading.
Elsewhere, Juniper Networks was also likely to be active, as the company announced the retirement of CEO Kevin Johnson, even as sales and profit forecasts beat estimates.
Other stocks expected to be in focus included Boeing, Caterpillar, Pepsico, Ford, Delta Air Lines, Seagate, US Airways, WellPoint Health, Tupperware and Potlatch, all scheduled to post second quarter results later in the day.
Across the Atlantic, European stock markets were higher. The EURO STOXX 50 advanced 0. 85%, France’s CAC 40 jumped 0. 88%, Germany’s DAX gained 0. 63%, while Britain’s FTSE 100 climbed 0. 70%.
During the Asian trading session, Hong Kong’s Hang Seng Index added 0. 24%, while Japan’s Nikkei 225 Index slid 0. 32%.
Later in the day, the U. S. was to produce official data on new home – offers an extensive set of professional tools for the Forex, Commodities, Futures and the Stock Market including real-time data streaming, a comprehensive economic calendar, as well as financial news and technical & fundamental analysis by in-house experts.

7-24-2013 Eagle1:   [via Bluestar] Secret Service eye-witnessed Dr Shabibi signing the release of the rate and the date. Dr Shabibi transmitted the info to Ban Ki Moon at the UN. Eyewitnesses saw Ban Ki Moon signing off on the same paperwork and transmitted it to the director of Forex. Director of Forex was then given permission to push the button. Administration has numbers already. Mainstream media reporting Iraq given permission to ring the opening bell tomorrow (…can’t confirm that). They believe the CBI will release the rate tonite between 2am and 4am with the Forex to follow immediately to show UN operational rates of exchange. Might be in the banks tomorrow [Wednesday] but most likely Thursday!! We believe we are there finally!