Chat Room Excerpts & Highlights
rcookie says():FITCH DOWNGRADED IRAQS CREDIT RATING LONG TERM OUTLOOK FROM STABLE TO NEGATIVE…DUE TO OIL MARKET STABILITY AND VOLATILITY…
rcookie says():STILL B-….AND THE ENTIRE OIL DEPENDENT ME IS GETTING SAME OUTLOOK BECAUSE OF OIL….AND IRAQ IS MOVING AGGRESSIVELY TO GROW NON OIL REVENUES TO GDP…
Holly1 says to rcookie():Mohammed Salem al-Fatlawi
I expect the dollar down after the rise of oil, experts forecast the oil arriving this month to $ 60 a barrel
rcookie says():FITCH ORIGINALLY PREDICTED 15% DEFICIT FOR 2016…
rcookie says():OIL AT $60 IN MARCH AT $60…DELIVERED BY A TEAM OF UNICORNS…..
Rcookie says():FATLAWI IS SMOKING CAMEL GRASS….
rcookie says():LETS NOT GO HIDING ALL THE SHARP UTENSILS BECAUSE OF FITCH REPORT…
rcookie says():REMEMBER THEY ARE BUDGETED AT $45..AND 3.6MBPD….
rcookie says():TRIMMED ALL POSSIBLE FAT OFF OF EXPENDITURES…AND FULLY ENGAGED NON OIL REVENUE STREAMS (CUTOMS TARIFFS)…OUTLINED PER STIPULATIONS FOR 2016 BUDGET…
Hutch says to rcookie():Agreed, Broad statement covering the middle east and expected with the oil market where it is. Their reliance on the oil business becoming less and growth in other areas are the signs of setting up for stability in the future.
Pablo says():It still isn’t enough.
Pablo says():Unless they RV, they’re stuck
rcookie says():NO…THEY ARE REPORTED TO BE GROWING DEFICIT AT $5B/MONTH WIT OIL WHERE IT HAS BEEN…AND REMEMBERNTHEY WILL NOT BE ABLE TO BRIDGE SOME OF THE DEFICIT WITH PRODUCTION SURPLUS…DUE TO THE PRODUCTION FREEZE AT 3.2 MBPD….
Hutch says to rcookie():Possible clean up in 2017
Fitch said the International Foundation for credit rating, in its report, which announced today, and I followed (range Press), “The classification of the Iraqi economy rate was amended from stable to negative, to one degree (B-) of the deterioration of oil prices, increasing the deficit in the gross domestic product GDP from 8.2 percent in the 2015 last year, to 15 percent during the current year 2016,
in line with expectations, “likely the possibility of improving the Iraqi economy more during the next year, in 2017 the deficit rate to fall to 7.6 percent of the total gross domestic product.”
rileyjones says to BGG():i was thinking they need this RV am I missing something? By the way, I hope you are doing better. Glad you are back
rileyjones says to BGG():Where did everybody go?
BGG says to rileyjones():I don’t see any other way.
BGG says to rileyjones():nor do their own economists.
SoonRV says():Wasnt there news stating Iraq into the WTO recently
rileyjones says to BGG():Not holding my breath but I think it looks good for someone to get off that pot and get it done
SoonRV says():There would be no need or even talk into the WTO for Iraq….UNLESS they were due to go internationaly live SoonRV says():am i wrong?
rileyjones says():i believe you are right. Of course I am not BGG
Mark McKinnon[10207217982511337@facebook..] says():wasn’t it suppose to happen by Mar 01 hmmmmmmmmm
BGG says to Mark McKinnon[10207217982511337@facebook..]():What by Mar 01?/
Mark McKinnon[10207217982511337@facebook..] says():”POPPY3: THE REPORT GIVEN TO THE IMF, WB, UN SAID MARCH 1? ITS NOT A GUESS ON MY PART IT’S THEIR WORDS ON THEIR OFFICIAL REPORT. ” dinar recaps 02/24/16
Loopback says():Muwaffaq Mahmoud Hassan *: Crossroads: Banking remittances allegedly looted dollar letters of credit or import?
– PUBLISHED IN 03/03/2016 For years before the day I called more than once in unsuitable to the need to abandon the currency remittances from the window style with the Central Bank to finance imports and return to the documentary credits a diaper on balance
Loopback says():For years before the day I called more than once in unsuitable to the need to abandon the remittance of currency window style with the Central Bank to finance imports and return to the documentary credits a diaper on the nation ‘s balance of foreign from loss currencies,
and do not need to be reminded that based credits Yeh method adopted on a larger scale in international trade and organized customs and practices Uniform customs & practices international issued by the international Chamber of Commerce based in Paris ,
and perhaps it is important to say that what was usages and practices has become today ‘s rules rules obliged to invoke God , the protagonists in the courts that will regulate trade relations between importers and Almsidirn and preserve the rights of the parties to the contract.
BGG says to Mark McKinnon[10207217982511337@facebook..]():exactly what report and what did it say??
Loopback says():We have noticed our call for a return to a much documentary support credits and Iodide of banks and respective personnel , but that support did not find him resonate with the central bank ,
which continued to sell the dollar through the window, but support culminate in a few days ago under the guidance of the Prime Minister to the central bank ‘s need to reduce the phenomenon of evasion currencies Alajunbh was economic adviser ,
Dr. appearance of Mohammed Saleh was preceded by the support and upheld the call to return to the letters of credit. in order to achieve the goal that meant the Prime Minister has to be a few measures taken by the competent organs include it in below:
To continue reading please download the PDF file easy printing by clicking on the following link:
Mowafaq Mahmoud-Cross way-Tranfer or Letter of Credit Source
http://www.dinarupdates.com/showthread.php?31075-Crossroads-Banking-remittances-allegedly-looted-dollar-letters-of-credit-or-import&p=14
Hutch says():Legal representative: good results on the amnesty law would be announced next week 2016/3/3
{Baghdad: Euphrates news} parliamentary legal Committee Chief Mohsen sadoon near Easter and good results on the amnesty law.
Saadun said Agency {forat news}, that “there are meetings and discussions with Parliament Speaker Salim al-Jabouri, the legal Committee continued during these days of discussions, and positive results will be announced on the law next week.
“The law is linked to the political and security situation in the country, as well as within the framework of national reconciliation, but what is happening today from security violations in the country require careful to pass this law, must be recognized in time on the admissibility of the plea.”
He was speaker of the House of Salim al-Jabouri was given parliamentary legal 6 February weeks to resolve legal {Federal Court, Amnesty}, and reach solutions on controversial points of view on the Parliament and vote on them.
Hutch says():It is said that “political disagreements prevented to reach points of agreement on a series of important laws, primarily the Federal Court legally amnesty.” Ended LINK
rcookie says():Iraqi dinar recovery expectations after the end of the war the daash
Economy Since 2016-03-03 at 21:20 (GMT)
Translate balance news
We cannot ignore the fact that the State of Iraq significant changes in the economy if investment opportunities and strategic planning for utilization of imams pain resources correctly.
Iraq stands on the brink of anfgarmn financial growth, which encourages him to promote foreign investment in infrastructure, oil and manufacturing, such as the Wall Street Journal, progress in inventory for quick agents so that “Iraq is a country populated by more than 30 million people with active workforce and education, and is a very attractive country for foreign investors and could attract foreign investors ‘ desire for Iraqi companies to open huge investment projects”.
Despite us President Barack Obama end the military operations in Iraq may take some time before the country into a stable and peaceful situation.
rcookie says():The paper says that “despite all these facts, we cannot ignore the fact that the solid state resources Iraq if placed under the authority and administration of creating investment opportunities and tremendous changes in the economy.”
And asserts that “with the economic development and in a very short time become one of international forces Iraq.”
And that “the Iraqi Government has taken several decisive steps to strengthen the economy in Iraq as the Government sought to reduce the inflation rate from 19% to 6%.
And indicates that the Government supply-and-demand equation opportunities to finance local Iraqi market where the Government implemented several contracts with international companies to increase oil production, is expected until the end of 2020, oil production reaches a level of 10 million barrels per day. “It also notes that “by that date, Iraq is expected to be one of the largest suppliers of oil.”
Read More:
http://www.dinarupdates.com/showthread.php?31080-Iraqi-dinar
http://www.dinarupdates.com/showthread.php?31080-Iraqi-dinar
rcookie says():Says Iraq may become “the largest supplier after Saudi Arabia and Russia” but insisted that “the current oil price stability.”
Considers that this “will stir significantly Iraq oil revenues and are actually good marks for the developments of the Iraqi economy.”
Health find that “despite the fact that the increase in value of the Iraqi dinar is still weak, it remains surprising small increases but persists in Iraqi dinar value despite economic recession around the world.”
And points out that “at present, the Iraqi dinar is traded locally only, and not worldwide. And are likely to remain in this situation for a long time, depending on the ability of the importing country, and assess the level of consumption to ensure the welfare of the Iraqi State, “Noting that” the actual fate of foreign currency currently depends actually and accurately on State capacity in delivery and lifting oil exports and the way in which the Organization will attempt to use the oil within the State “.
rcookie says():And cautions that “most of the foreign exchange earnings of Iraq has nothing to do with Iraqi dinars directly because everything is usually purchased in us dollars.
And expect a recovery for the newspaper Iraqi currency after the war with daash says they will be stronger after the Federal Government’s control over the vast supply of natural resources revenues.
All over
http://www.microsofttranslator.com/b…25B9%25D8%25B4 LINK
Read More :
http://www.dinarupdates.com/showthread.php?31080-Iraqi-dinar-recovery-expectations-after-the-end-of-the-war-the-dash-3-3&p=146620#post146620
Loopback says():Sadr’s movement: the Preparatory Committee to help Abadi began its work for the selection of candidates independently
March 3, 2016 17:23
The spokesman for the cleric Muqtada al-Sadr, on Thursday, that the Preparatory Committee set up by al-Sadr to help choose the new ministerial cabin works about “completely independent”, and as pointed out that the Prime Minister Haider al-Abadi is primarily responsible for the selection of new ministers, drew that the Commission will help him in the selection of candidates and their evaluation only.
rustynail says to Loopback():thank you
Loopback says():Said Salah al-Obeidi, in a newspaper interview that “the Sadrist leader Muqtada al-Sadr, said that the preparatory committee formed by him to assist the Prime Minister Haider al-Abadi began its work for the selection of the members of the new government,” stressing that “the Commission is working almost independently, without any interference with their work both the Sadrists or the other. ”
He said al-Obeidi, said: “The Prime Minister is alone knows the details and criteria established by the Committee for the selection of candidates,” adding that “Abadi is primarily responsible for the selection of new ministers, and that the Committee will help him in the selection of candidates and their evaluation.”
Loopback says():The leader of the Sadrist movement, launched in the (13th February 2016), a project of reform in the country includes four files, while calling for the formation of a government of technocrats,
“far from the ruling party and partisanship,” headed by current Prime Minister Haider al-Abadi and “a political team that includes politically and nationally independent and a judge known Lakeadath,
“and as he emphasized the need to nominate the names of heads of independent bodies and the leaders of military teams and army Chief of Staff to approved by the House of Representatives, threatened to” no confidence “from the Government Abadi, in the event of non-implementation of the project within 45 days.
Source
http://www.dinarupdates.com/showthread.php?31082-Sadr-s-Preparatory-Committee-to-help-Abadi-began-its-work-of-selecting-candidates&p=146625#post146625
Loopback says():Now that article is better then popcorn if you ask me!
Papatom says():i hate to interrupt a political argument, but here is the 2nd article i have found today that shows how smart Isis has gotten and why we need to gain more conttrol on the money before the RV…. just my opinion…..
Papatom says():http://www.newindianexpress.com/worl…le3308218.ece1
http://www.newindianexpress.com/world/Isil-Making-14-Million-Pounds-a-Month-Playing-Currency-Markets-With-Looted-Bank-Cash/2016/03/03/article3308218.ece1
Loopback says():Sadr’s representive said while Sadr organized the independant search committee the Sadrst have no say and Abadi is calling the shots.
Loopback says():If you remember the articles last week listed the people who are on this search committee and Shabibi was listed as a member.
Loopback says():Better exciting stuff if you ask me.
Loopback says():Maliki
Loopback says():Palace
Loopback says():Date and Rate
rcookie says to Loopback()::D
rcookie: US Delivers Blackhawk Helicopters to Jordan to Guard Border From Daesh
03/03/2016 19:36 (Updated 19:37 03.03.2016) Get short URL
The United States has delivered eight UH-60A Blackhawk helicopters to Jordan to help its coalition partner secure its border from Daesh terrorists, the US Embassy in Jordan announced on Thursday.
Jordan’s King Abdullah II arrives a© AFP 2016 / JUSTIN TALLIS
Jordan’s King Says ‘Truly Global Alliance ‘ Necessary to Tackle Daesh
WASHINGTON (Sputnik) – Photos on the US Embassy’s social media account showed Wells with Jordanian military officials jointly inspecting the Blackhawk helicopters during the handover ceremony.
“The United States is committed to standing with Jordan to face the threat posed by Daesh … We are honored to partner with you,” US Ambassador Alice Wells was quoted as saying in the announcement during a ceremony to handover the eight helicopters.
The helicopters are “another tool for safeguarding” Jordan’s border with Syria and Iraq
rcookie: The delivery comes just days after Jordanian forces killed several militants linked to the Islamic State in the northern part of the country.
Since 2015, the United States has expedited the delivery of more than 26,000 rifles and machine guns to Jordan, in addition to some 3 million rounds of small arms ammunition, hundreds of bombs and about 5,000 night vision devices to support Jordan’s “immediate operational requirements, “the US Embassy in Jordan said.
US Vice President Joe Biden is set to travel to Amman on March 10 as part of his Middle East tour, where he will meet with King Abdullah II to discuss the US-led coalition’s campaign against Daesh and the situation in Syria. He will also meet with Jordanian troops who are training alongside US forces in the coalition’s campaign against Daesh.
http://translate.google.com/translat….faceiraq.com/ bad link
Read More :http://www.dinarupdates.com/showthread.php?31083-US-D
http://www.dinarupdates.com/showthread.php?31083-US-D
angus: I just got in don’t know if this has been posted or not and I don’t know if this has anything to do with anything but Syria’s power has been out country wide for 10 hr. so says Fox News.
Clay to rcookie: gotta love them Blackhawks
Clay to angus: probably from bombing
rcookie: “S & P”: $ 30 billion of Iraq’s debt last year – report
Wrote: March 3, 2016
Standard & Poor’s announced credit rating rising debt of a number of Arab countries more than doubled in the past year, predicting that continue to rise during the current year.
The firm said the Iraq’s debt last year amounted to thirty billion dollars.
http://translate.google.com/translat….faceiraq.com/
http://translate.google.com/translate?depth=1&hl=en&prev=search&rurl=translate.google.com&sl=ar&u=http://www.faceiraq.com/
.VIP.clay rcookie: so are all ME countries credit ratings going down
Papatom says():so this morning i found a reuters article ….thanks for the prayers…the article talked about ISIS manipulating currency…..
Papatom says():it looks like a negative article but it’s not…
LLN65 says to Papatom():right
magnetlady says():OK Bring it on papatom
Papatom says():it’s very positive for us…it points out….they have to conttrol and tighten currency to stop the terrorists from making a lot of money…
Papatom says():then this afternoon, I see another source with a similar article but additional facts…
Baxter1243 says():I read the article…. its a great read…
LLN65 says to Papatom():great find!!
Papatom says():then this evening….it’s a 3d article with even different facts…all on the same subject
magnetlady says():Awesome.
Papatom says():we havn’t seen 3 articles on currency tradng/ISIS before, as much as I can remember
LLN65 says to Papatom():what do you think it means for us?
Papatom says():so that tells me something…
Papatom says():they are trying to tighten themoney supply to keep ISIS from makiang 1000 percent on their stolen money
Papatom says():ok…it’s an opinion
Papatom says():and a generalization
Papatom says():but……
Papatom says():3 articles in one day?
Papatom says):someone is puttin that stuff out….i say it’s a sign…..
Papatom says():and it makes me pause….
Papatom says():cus i think slow…so i have to pause… lol
LLN65 says to Papatom():yeah whats not an opinion…generalization in dinarland 😀
Papatom says():right
jtank says():sounds great – more action
LLN65 says to Papatom():good observation my good friend!! (y)
Papatom says():but from experience i know one thing… if you make just 5% on your money a week….and you don’t loose….and you do that for a month…the compounded interest is like 100%….
Papatom says():in a month….
Papatom says():something large…
LLN65 says to Papatom():wow
Papatom says():so those bombings that took out banks…
Papatom says():and all those dinar that got burned up….
LLN65 says to Papatom():right
jtank says():(y)
Papatom says():i think that is part of an additional war to cut the money supply
Papatom says():and that smells like it is leading up to a conclusion….
Papatom says():to me
LLN65 says to Papatom():you are making some sense here my friend !!
Baxter1243 says():(y)
magnetlady says():Sounds like it to me too papatom
Baxter1243 says(8:14 PM):Lets pray its this month… (y)
Papatom says():the problem is … I want this so bad, I could read a article about watermellon farming in Iraq and I”d probably say it’s an indication!!!! lol
LLN65 says to Papatom():Thank you for bringing this in!! We miss you and appreciate your input!!(F)
LLN65 says to Papatom()::D (lol)
magnetlady says():Now that should be my line.
LLN65 says to Papatom():BUT we know you are smarter than that 😀
Papatom says():i can fool some of the people some of the time
Papatom says():but it does make some sense…
Read More: http://www.dinarupdates.com/showthread.php?31036-Thursday-March-3-2016/page3
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