Rual12: The loans make no sense, “IMO”
Samson: Rual12 – when you want a home loan for example they check whether you are able to pay it back before they loan you the money – they check your income, yearly tax, any other assets you have. If you aren’t good for it (able to pay back with installments) then they won’t lend you the money as you would be high risk.
So I see these loans as being good – helping them thru a hard patch because at the moment they are not financially able on their own so they get a loan. The IMF etc know Iraq is good for it and will repay because they know their assets etc.
To me it is absolutely no different in my eyes and I certainly don’t at all consider it to be negative at all but encouraging actually and I’m just a dumb bunny.
Samson: Indonesian Rupiah: King of Emerging Market Currencies in 2016?
04 March 2016
The Indonesian rupiah continues to appreciate sharply. By 13:15 pm local Jakarta time on Friday (04/03), Indonesia’s currency had appreciated 0.96 percent to IDR 13,105 per US dollar (Bloomberg Dollar Index), its strongest level since May 2015. Meanwhile, Bank Indonesia’s benchmark rupiah rate (Jakarta Interbank Spot Dollar Rate, abbreviated JISDOR) appreciated 0.76 percent to IDR 13,159 per US dollar. What explains this strong performance of the rupiah?
About five months ago, the rupiah touched a 17-year low amid major concerns about China’s hard landing (and yuan depreciation), the looming US interest rate hike, and the continuation of Indonesia’s economic slowdown.
However, in October 2015 the rupiah suddenly rebounded sharply as US economic data was bleak (suggesting the timing was not yet right for a US interest rate hike), while market participants were also content to see the efforts of Indonesia’s central bank (Bank Indonesia) to intervene heavily in markets in order to support the rupiah (this showed that Indonesian authorities would not let the currency sink any further; also supported by a series of government economic stimulus packages released since September 2015).
After this rebound the rupiah started to depreciate again until the year-end due to concerns about the global economy.
However, after seeing Indonesia’s better-than-expected Q4-2015 GDP growth figure (released on 5 February 2015) investors seem to have regained confidence in the country’s economic fundamentals and specifically in the government’s capability to boost economic growth.
As a result, foreign investors have increased investment in Indonesian (corporate and state) bonds, stocks, as well as foreign direct investment (FDI). These capital inflows are partly responsible for the strong performance of the Indonesian rupiah over the past weeks. Foreign investors recorded a net buy of around 260 million on the Indonesia Stock Exchange (IDX), while foreign ownership of Indonesian state bonds rose from 38.21 percent (of total bonds) in late 2015 to 39.01 percent currently. So far this year, the Indonesian rupiah has appreciated 4.6 percent against the US dollar, hence being the best-performing Asian currency.
Momentum of the Indonesian rupiah could grow further if commodity prices can rebound (Indonesia being a key commodity exporter). Global oil prices have been rising over the past couple of days, now hovering around the USD $35 per barrel level, while analysts start talking about oil prices rising towards the USD $40-50 per barrel level later this year. This would also encourage the upward movement of prices of other commodities such as crude palm oil and coal.
http://www.indonesia-investmen…..6/item6566
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Don961: Prosecuting Maliki will Solve the Crisis in Iraq: Kurdish MP
Maliki is responsible for the fall of Mosul as well as the Speicher massacre, Adil Nouri says
BAGHDAD — A Kurdish member of the Iraqi parliament has sent a letter to the Iraqi prime minister stating that prosecuting Nouri al-Maliki, the former Iraqi prime minister, will lead to solving the crises in Iraq.
Adil Nouri, the Iraqi MP, has stated in a letter he has sent to Haidar al-Abadi, that Nouri al-Maliki is responsible for the fall of Mosul into the hands of the Islamic State (IS) militants.
“We have solved and prepared the case, and you need to send the case to the court for trial,” reads the letter.
The Iraqi MP believes that Maliki is accountable for the camp Speicher massacre in Tikrit on June 12 2014 where IS killed at least 1,700 Iraqi air force cadets. Maliki is being blamed for the disappearance of $500 billion as well.
Arresting and prosecuting Maliki for corruption and other crimes will put an end to corruption in Iraq, the letter added.
http://www.basnews.com/index.p…..raq/266434
