BACKDOC: ANOTHER GREAT ARTICLE THAT TELLS US ABOUT THE DEAL RIGHT? (See Article Below)
SINCE,” IT’S ALL ABOUT IRAQ, IT’S NOT ABOUT IRAQ”, WE CONTINUE TO WATCH THE EVIDENCE MOUNT ON THE “THE DEAL”!
OUR EYES WATCH IRAN BECAUSE THAT IS WHAT TELLS US WHAT WE NEED TO KNOW ABOUT IRAQ!
SO, LIKE THIS ARTICLE SAYS IT WILL BE 2 TO 4 WEEKS TO RE-ENGAGE INTO THE WORLD SYSTEM!
DAAAAA “THE DEAL” LIKE I’VE SAID WATCH IRAN!
WTO STATUS TAKES 90 DAYS IN TOTAL! IF THEY HIDE THE FIRST 60 DAYS THEY STILL HAVE TO GIVE A 30 NOTICE. IF THEY MADE THE DECISION IN MAY AND INDUCT IN JUNE DO THE MOONWALK FROM MAY! HEE HEE
A COUNTRY HAS TO HAVE INTERNATIONAL CURRENCY STATUS FOR 90 DAYS AS I UNDERSTAND IT SO WHAT THIS ARTICLE SAYS WITH IRAN PUTS US IN THE FEBRUARY, MARCH RANGE RIGHT?
REMEMBER THEY LOVE TO LAUNCH IMPORTANT THINGS ON THE 8TH AND IT WILL SHOW UP WITHIN 10 DAYS!
MARCH 8TH, 2015 DROPPED THE ZEROS AT ONE TO ONE BEHIND THE CURTAIN SO IRAQ COULD PAY REMITTANCES COUNTRY TO COUNTRY
DECEMBER 8TH 2015 LAUNCHED TO THE BANK LEVEL IMO
8TH ??????? PUBLIC LAUNCH TO DIVERSIFY THE ECONOMY AND OPEN TO THE WORLD? MMMMM WATCH IRAN!
[email protected],DOC IMO
By Jonathan Saul, Reuters
January 23, 2016
Ian is set to re-engage with the banking world within weeks as international lenders link up with their Iranian counterparts using global transaction network SWIFT, Iran’s Middle East Bank and a senior central bank official told Reuters on Friday.
A nuclear deal between world powers and Iran led to the removal of the curbs on Tehran’s banking, insurance and shipping sectors last weekend, as well as restrictions on oil exports.
“We have sent almost 40 SWIFTs to different banks around the world and we have requested that now that the sanctions are lifted, we would like to exchange documents and whether they will consider a correspondent banking relationship,” said Parviz Aghili, chief executive and managing director of Tehran-based Middle East Bank. “Some of them have come back and have asked for various questions, for documents they need.”
“My feeling is it is going to take a couple of weeks or so before we start to see proper re-engagement. It will be slowly, slowly,” he said in an interview.
Aghili said other Iranian banks were in the same situation regarding SWIFT as his company, which is listed on the Tehran Stock Exchange and has total assets of around $1 billion.
A senior official with Iran’s central bank also told Reuters the transaction links would soon be restored.
SWIFT did not respond to a request for comment on the status of communication between Iranian and international banks on its system.
Aghili added: “SWIFT has been turned on – it has always been on. The main issue has been we did not have proper correspondent banking relationships with so many banks around the world and because of sanctions, our SWIFTs remained unanswered.”
Middle East Bank, which is smaller than state-owned players such as Bank Melli, Bank Mellat and Bank Saderat, is owned by investors including small and medium-sized Iranian firms.
‘IRAN VERY ATTRACTIVE’
But for many foreign banks, there are concerns about being caught up in ongoing U.S. sanctions.
Many international sanctions relating to Iran’s nuclear program were lifted but most involving U.S. measures remain in place. Non-U.S. banks may trade with Iran without fear of punishment in the United States but U.S. banks may not do so, directly or indirectly.
Washington’s sanctions prevent U.S. nationals, banks and insurers from trading with Iran and also prohibit any trades with Iran in U.S. dollars from being processed via the U.S. financial system. This is a significant complication given the dollar’s role as the world’s main business currency.
European banks are also cautious – with some, including Deutsche Bank , remembering past fines from U.S. regulators for breaking sanctions, though Commerzbank has said it is reviewing its policy of not doing business in Iran.
“God willing, soon we will witness that too. Iran is a very attractive market for business and they know that,” the official said.
By contrast, Aghili said he expected bigger banks to wait at least six to 12 months before they would look at doing serious business in the country.
“The smaller banks who do not have that involvement in the U.S. market will be prepared to work with Iranian banks,” Aghili said. “But even these smaller banks expect proper anti-money laundering checks and they have to check it and they will also require counter-parties to check it.”
‘WE CAN DEAL IN EUROS’
“When they see smaller banks are satisfied that we are performing up to international standards that are required, they will slowly come into the picture,” he said.
He added it was “a bit too much to expect for the time being” for Commerzbank to consider entering the market and expected more of the smaller landesbank and sparkasse lenders in Germany to be in “round one”.
The CEO also said he did not see the dollar curbs as a major obstacle for Iran’s banks to resume trading. “We can deal in euros, in Swiss francs – all the non-U.S. currencies,” he said.
“Many of the neighboring countries, their foreign exchange or their currencies are pegged to the U.S. whether it’s the UAE or Qatar or any of these countries – their currency could be used for transactions instead of the dollar.”
“My understanding is the central bank is seriously considering commanding a certain capital increase by many of the Iranian banks, he said.
The senior central bank official declined to comment when asked about possible measures.
http://www.thefiscaltimes.com/2016/01/2 … ial-System
BACKDOC: IS IT A COINCIDENCE THAT TPP GETS SIGNED ON THE 4TH OF FEBRUARY? I THINK NOT! (See Article Below)
WITH THE FEDERAL RESERVE NOW IN RECEIVERSHIP WE KNOW THE TRANSITION IS IN PROCESS ACCORDING TO THE WORLD BANK!
IT MAKES SENSE THAT TPP MUST BE IN PLACE PRIOR TO A GCR! WE NEED TO TRANSITION INTO THE NEW REALITY AS SMOOTHLY AS POSSIBLE BUT THERE WILL BE DIFFICULT DAYS AHEAD!
BE CAREFUL ONCE WE HAVE A RATE! BE SURE THAT YOU SWAP YOUR HIGHLY SECURITIZED DINAR FOR SOMETHING THAT IS ALSO SECURITIZED OR YOU LOSE!
OF COURSE MOST WILL NEED TO EXCHANGE INTO SOME FIAT TO PAY BILLS UNTIL THERE ARE ENOUGH OTHER SECURITIZED CURRENCIES TO SWAP TO!
REMEMBER THE ARTICLES HAVE TOLD US YOU HAVE TEN YEARS SO RELAX!
THE VND WILL LAUNCH WITH OTHER IMPORTANT CURRENCIES SO THAT DOUBLE DIPPING WILL NOT BE POSSIBLE!
SEVERE DAMAGE TO THE VND OR OTHER CURRENCIES WOULD HAPPEN OTHERWISE AND THE IMF CAN’T LET THAT HAPPEN!!
OF COURSE THIS IS JUST MY OPINION AND WE ALL HAVE ONE, LOL
Thunderhawk: Policy forum talks TPP, EU – Vietnam FTA
A trade policy forum was held in Hanoi on January 22nd with a focus on the Trans-Pacific Partnership (TPP), the EU – Vietnam Free Trade Agreement (EVFTA) and their impacts on Vietnamese small- and medium-sized enterprises (SMEs).
The TPP will have strong influence on Vietnam’s economy once it takes effect, according to the Ministry of Industry and Trade’s Trade Promotion Agency. The country’s GDP could expand by 11 percent while exports will rise 28 percent by 2025. The overseas shipments of key commodities like textile-garment, leather and footwear, and aquatic products will also increase sharply in the next decade.
The two trade deals will also pose major challenges to State agencies and businesses in addition to potential massive economic benefits.
Strong tariff cuts will trigger an influx of foreign goods with lower prices. It means domestic companies are facing fierce competition while their products must satisfy stringent rules of origin, and they have to prepare for issues regarding dumping, subsidies and trade remedies.
Economist Pham Chi Lan said Vietnamese SMEs will benefit much from the EVFTA thanks to better trade liberisation and regional connectivity, an expanded global value chain and optimised competitive edges.
While tariff barriers against almost all export commodities will be removed, import expenses will be reduced and supply sources – especially of technology and intermediate equipment and products, will become more diverse. Vietnamese firms will also profit from a fairer business climate both at home and abroad, a more robust market economy mechanism, and better investor protection, she noted.
The EU is not the only market and Vietnamese companies should seek other related export destinations, he added.
Dordi also told the country to provide its enterprises with details about the EVFTA and other trade pacts. Meanwhile, national and local strategies need to be designed to assess geographical indications and develop recognisable brands to fuel overseas shipments./.[/size]
http://en.dangcongsan.vn/economics/poli … 67949.html
BACKDOC: REMEMBER THE WTO WILL BE THE ENFORCER FOR THE IMF ON THE TPP!
THERE WILL BE SOME VERY GOOD THINGS IN IT AS WELL LIKE INTELLECTUAL PROPERTY PROTECTION WHICH WILL HAVE TEETH! CHINA WILL NOT BE ABLE TO CONTINUE STEALING OUR TECHNOLOGIES, YIPPIE!
[email protected], DOC IMO
Thunderhawk: Twelve nations to debate increasing TPP to extra nations
The 12 nations, which account for some forty % of the world’s gross home product, will maintain a ministerial assembly on the sidelines of the signing ceremony of the TPP treaty in Auckland on Feb. four, stated sources with entry to the TPP negotiations.
On the two-day ministerial assembly on Feb. three and four, the 12 nations will begin full-fledged discussions on attainable TPP enlargement, allowing for early participation by South Korea and Taiwan, in line with the sources.
The assembly will cowl the remedy of nations and areas that hope to hitch the TPP treaty after it comes into drive.
Participation after the treaty comes into impact would require approval by all 12 members. Hoping to hitch the treaty early, South Korea and Taiwan have began preparations, together with bilateral talks with some members.
Amongst different Asian nations, the Philippines, Thailand and Indonesia have expressed their willingness to hitch the TPP.
On the ministerial assembly, the 12 nations may also talk about whether or not to arrange a secretariat for the treaty, in accordance with the sources.
At present, New Zealand, a key participant within the Pacific 4 deal, the predecessor of the TPP, serves as working-degree coordinator among the many 12 nations.
New Zealand Commerce Minister Murray McCully, as chairman of the ministerial assembly, is seen as more likely to suggest the institution of a secretariat to which every member nation will ship an official.
TPP members may also maintain talks amongst their chief negotiators in parallel with the ministerial assembly.
http://naijaknow.com/twelve-countries-t … e-nations/