RE: Islandg1211: I can’t stress enough the significance of Jack Lew guaranteed backing of Iraq’s loans to the IMF. There’s a difference between the U.S. loaning money, the IMF loaning money, from the U.S. Treasury Guaranting loans. That was the key article yesterday. I immediately posted “It is done.”
IMO the US Sec of State would not have guaranteed a foreign country’s loan without that country Being in Article VIII.
These bonds deal with Iraq’s outstanding debt to intenational corporations. They wanted a higher interest rates. Raising the credit rating lowers the interest rate the bond buyers can demand.
Redbull64: Great post.Isn’t this a little bit like the U.S. guaranteeing a loan from themselves to Iraq?
Mountainman: es It Pretty Much is….{ALL} the INSTITUTIONS are the USA Anyway…..When You PULL Back the CURTAINS to OZ…..A technicality/Mental Gymnastics…..In the END….Did We ever Think The USA/And It’s Institutions/LONG MEETINGS…..Didn’t Include Those Who Would Back The LOANS….???= Article 8 Compliance= {WHY} I said two Days Ago…..It’s DONE…..the Rest was just A FORMALITY…..IMO
Blessings,Mountainman (8)=New Beginnings…..Indeed
Stevep99: I M O….this says well done Iraq and Mr. P.M. Abadi…now here is the money you requested and your good Dr. Shabibi can do his press conterence and announcement!! Thank you walkingstick.
Islandg1211: It’s also ticking off more requirements of the Monetary Reforms, namely diversifying the economy away from oil exports and reducing the budget deficit.
Walkingstick: WASHINGTON: Iraq’s economic reforms began effects increase non-oil imports
4.20.2016
It confirmed the United States, on Wednesday that the economic reforms the Iraqi government began to show the effects of an increase of non-oil imports, while pointed to the success of the Iraqi government to reduce the budget deficit would mean obtaining a loan from the International Monetary Fund worth billions of dollars
.
The US ambassador to Iraq, Stuart Jones said in an interview for a number of media, including (long-Presse), building the US embassy in Baghdad, he said that “the economic reforms the Iraqi government began its effects appear to increase non-oil imports,” noting that “the continuation of the Iraqi government in this performance will contribute great in the elimination or reduction of the budget deficit. ”
Jones added that “the Iraqi government’s success in economic reforms would mean signing an agreement with the International Monetary Fund, you get a loan worth billions of dollars.”
http://www.almadapress.com/ar/…..8%A8%D8%AF
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Islandg1211: Who and how?
Jack Lew RVd through the IMF.
For a year I’ve been looking at the end of April because it’s the preferred time of the IMF (or those behind the IMF) to RV countries currencies, whose Central Banks are independent of their governments.
That’s why I look at April, and not what the GOI is or isn’t doing.
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Islandg1211: The UST is guaranteeing Iraq’s loans to the IMF. So if Iraq doesn’t pay them back, the UST does, and Iraq’s credit rating would be improved because the loan was paid back.
Is Iraq going to pay this loan back, and if so will they use dollars or Dinars? Or, Is Jack planning on using our Dinars to pay off this loan?
If the CBI starts out at a one to one rate, pegging the Dinar to the USD, what happens to the Dinar exchange rate when all the currencies go into the SDR basket and get pegged to the SDR?
Is October the date for picnic for all the currencies to meet up with China in the SDR?
We’ve seen gold make it’s debut in Yuan and get a counterpoint to the London fix in China this week.
But, what about oil? Saudis pulled out of the supply agreement because Iran refused to join in an export cap. Wouldn’t oil need to also have a counter point to the USD and a price projection? What a coincidence that O is in SA.
What’s going on with negotiations with Iran to cap their oil? Let’s make a deal now!
