http://dinaresgurus.blogspot.ca/
MONDAY, DECEMBER 21, 2015
KTFA CHAT UPDATE, 21 DEC
MoneyTalks1: HI FRANK…THIS SOUNDS LIKE VERY GOOD NEWS..AND HAPPY BIRTHDAY-CBI ANNOUNCEMENT TODAY
To / all licensed banks and financial companies approved the conversion of all financial and investment companies and broker the buying and selling of foreign currencies approved all companies (foreign exchange rate)
http://www.cbi.iq/documents/Announceme-20-12-2015.pdf
http://www.cbi.iq/documents/Announceme-20-12-2015.pdf
Another piece of good or should i say great news from the CBi from Friday the 18th of Dec. regarding the Exchange Rate!!!
Board Resolution No. (329) for the year 2015 (the exchange rate)
http://www.cbi.iq/documents/Announcem18-12-2015.pdf
http://www.cbi.iq/documents/Announcem18-12-2015.pdf
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Walkingstick: CBI News & Announcements
The Ministry of Finance approved on 2015/12/16 conduct a public auction auction (Y16) for the sale of the treasury for their remittances (364) on
12.20.2015
12.20.2015
To / all licensed banks and licensed money transfer all companies and financial investment companies and broker the buying and selling of foreign currencies approved all companies (foreign exchange rate)
12/20/2015
12/20/2015
Board Resolution No. (329) for the year 2015 (the exchange rate)
12/18/2015
12/18/2015
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Walkingstick: Central bank of Iraq devalues dinar by 1.37 percent versus dollar
Posted on December 21, 2015 by Editorial Staff in Economy
BAGHDAD,— Iraq’s central bank has increased the sale price of U.S. dollars to banks and currency exchange companies by 16 dinars, or 1.37 percent, as the government seeks to compensate a decline in oil revenue, a government official and the central bank said.
The sale price of the dollar “has been adjusted to 1,182 dinars,” the central bank said in a statement on Monday.
The previous price was 1,166 dinars for a dollar, Mudher Saleh, a top economic adviser to Prime Minister Haider al-Abadi and former deputy central bank governor, told Reuters.
“This is a small adjustment, it’s not a devaluation. It will increase government revenue to meet local needs,” said Saleh.
A global oversupply of crude oil has pushed prices to below $40 a barrel from more than $100 a barrel in June 2014. The government depends on oil sales for 95 percent of its revenue.
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Walkingstick: Iraq Seeks China Oil Tie-Up Ahead of Iran Flood
Iraq is in talks to form an oil-marketing joint venture with Sinopec, people say
Dec. 21, 2015 7:52 a.m. ET
Iraq is in talks to form an oil-marketing joint venture with China’s largest refiner, Sinopec, according to people familiar with the matter, as the Middle East producer prepares for rising Iranian rivalry amid an oil-price slump.
The move comes as sanctions on Tehran may be lifted as early as next month, unleashing half a million barrels a day of additional Iranian oil. Oversupply has already led to a free fall in global oil prices, which dropped to their lowest level since 2004 on Monday.
Anticipating the return of Iranian oil, the people said Iraq’s State Organization for Marketing of Oil—the government organization tasked with selling Baghdad’s oil—is in advanced discussions to set up a joint venture with Unipec, the trading branch of Chinese state refiner China Petroleum & Chemical Corp., or Sinopec.
The partnership, which would be equally split between each company and would be based in Singapore, would focus on marketing Iraqi crude in China, the people said. They said Iraq would supply tankers from its fleet to the partnership while Unipec would provide the financing, a relief to Baghdad’s cash-strapped budget. The relationship wouldn’t be exclusive and both sides could set up competing arrangements, the people added.
Asked by The Wall Street Journal about the talks, Iraq’s oil minister, Adel Abdul-Mahdi, said Sunday that he was traveling to China on Monday but declined to comment further. Spokesmen for Somo and Unipec’s parent, Sinopec, didn’t respond to requests for comment.
With its production fast ramping up, Iraq is increasingly focused on China. The country was Iraq’s largest market last year, buying 22% of its exports, according to the U.S. Energy Information Administration.
But Baghdad is facing heightened competition from its neighbor Iran, on which oil-export restrictions could end as early as next month. Maryland Sen. Ben Cardin, the top Democrat on the Senate Foreign Relations Committee, said at a hearing on Thursday that sanctions relief on Tehran could start as early as January.
TNT CHAT UPDATE, 21 DEC
Elmerf12346: US dollar IS losing ground against the CNY, INR, IDR, PHP, KRW, TWD, SGD, HKD and NZD. Of course the Asian markets will rally with a WEAKER dollar!!! this whole game is called a GLOBAL CURRENCY RESET. It’s ALL about the currencies, the stock markets can ONLY react!
Elmerf12346: Let’s just say that the world is lookin in at the US and the pressure is being applied and globally all things will change without any exemptions including our little corner of the world. Reactions are everywhere.
Shastaconnect: great article on winter solstice – maybe RV day publicly?http://www.telegraph.co.uk/news/science/12061231/When-is-the-shortest-day-of-the-year-the-winter-solstice-2015.html
Isabelle: For those that want to know facts about the world banking system(s), there is plenty of education at http://www.themoneymasters.com/
It even includes a recommended list of books which includes “Jekyl Isand” as mentioned by Tony. Warning: Lots of reading – go for it!
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BrocollySaurus: France market to close in 3 min the rest of Europe is in red.http://money.cnn.com/data/world_markets/asia/
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[sunny] Dec 21 7:12 AM ON Open Mic this morning. Iraq article about paying Sept. salaries. There is a damn about to break and other countries coming in to help them repair the dam as it threatens highly populated area. Water from the lake is too acid and does not supply the needs of the people, animals or agriculture. Iraq in 3rd place for oil reserves and 4th in exporting oil.
[sunny] OM: Articles out that Mafia minuplators are messing with the auctions. So want to eliminate the mafia from the banks and why they were exploring stopping the auctions.
[sunny] OM: Release of loan 1.2 billion expected by end of year. (IMF or World bank loan, I expect)
[sunny] OM: laws being put into effect to protect independent investors and other countries investing in Iraq. People coming from other countries for a reconciliation conference and security is an issue. So conference location may be moved.
[sunny] OM: European banking laws recommendation to be changed to protect investors, and back their businesses to be sure money is at the bank level.
[sunny] OM: Japan is going to buy 2.5 billion of something that does not exist. “strange story.”
[sunny] OM: Germans cheering Janet Yellen for the FR raise of rates. It allows Germany to raise their rates.
[sunny] OM: Negotiations with Arab petroleum nations regarding the $20 brl. US passed law last week to allow US to export oil. Big glut of oil in the world, so how is OPEC going to raise the prices.
[sunny] OM: Dollar gained against the JYN.
[sunny] OM: Juan advancing and strengthening.
[sunny] OM: China is speculating this is one way to reduce their debt by strengthening of their currency.
[sunny] OM: Art cashin says from floor of stock exchange says don”t look for a Christmas Rally, but the market can turn on a dime.
[sunny] OM: Plan to unify the Iran Rial with the USD. Iran has a stable currency market and are calling for a unified exchange rate and it can only happen once the nuclear deal is finalized. Sanctions expected to be lifted in 1st quarter of 2016 and Iran connect to Swiff banking system. (side note – articles were out back in July that Iran connected to the Swiff system – so when it comes out of the middle east hard to believe what’s what)
[sunny] Om: cbi update 1182.
[sunny] OM:All the sources, even the goat, are all on the same page. Official Gazette publishes new salary scale as issued bythe gov and effective retroactively into Nov. That means it’s law. Value of dinar lowered by 1.37%. USD selling to banks/exchange companies rate that equals 1182. Exchange rate still understudy but it has changed the base rate of the dinar to the USD.
[sunny] OM: CBI on Nov. 20th listed reserves of 60 billion
[sunny] OM: Corruption in Dash and two of their leaders were executed.
[sunny] OM: Beauty queen crowned in Iraq. 1st one in 40 years. Isis invited her to join them.
[sunny] OM: It wasn’t nice they way they worded the invitation
[sunny] OM: pre- market pointing to higher open. West TX. crude is $34-34/barrel. Gold 1074 (gold is higher than last week at this time)
[sunny] OM: many currencies of other countries used in Iran. HUGE what is going on with Iran. Top oil producer. Flood the market when they come back into Int’l fold. Looks like sanctions lifted by the end of the year or in the 1st quarter.
[sunny] OM: Everything we are hearing is so very positive. HEard US banks doing private exchanges over the weekend. Multiple banks and multiple people in our groups that work for banks reportin gthe same thing.
[sunny] OM We pray this happens before Christmas. It would be a blessing.
ZAP UPDATE, 21 DEC
IN RESPECT OF THE MEAT AND POTATOES OF OUR CURRENT STATE OF AFFAIRS, THE RELEASE OF THE PROJECT FUNDS TO US IS HAPPENING THIS WEEK AND BEFORE CHRISTMAS. AS WITH ALL THINGS, DO NOT COUNT ON IT UNTIL IT DOES HAPPEN, BUT IT LOOKS ABSOLUTELY FIRM ON THIS SCHEDULE.
ONE ENTITY THAT HOLDS THE KEYS TO THE RV/GCR, I CALL HIM “PRIVATE JIM” HAS DELAYED THE PROCESS A BIT. THE HISTORIC ASSETS WILL NOT BE DONE NOW AS WAS INTENDED, BUT WILL ONLY BE ABLE TO START AT THE END OF THE MONTH AND CONTINUE IN THE NEW YEAR.
THIS ALSO MEANS THAT THE RV/GCR IS ALSO DELAYED UNTIL PRIVATE JIM PUSHES THE BUTTON (SO MUCH BETTER THAN TALKING ABOUT ADMIRAL BOB GOING FROM ROOM TO ROOM). WHEN JIM PUSHES IT, THE CELEBRATIONS WILL BEGIN THAT EVERYBODY FROM TNT TONY TO THE “RED DRAGON” GUYS WILL BE JUMPING UP AND DOWN IN JOY.
POOF UPDATE, 21 DEC
It is show time… Make the most of the days ahead and prep for the big tent to open with the full out show. The rules and the regs are being taken down and the means for assuring that people get what they are to get and will keep it are being handled and are in expert hands.
The name of the game is to receive and then Retain. If retention isn’t handled now then you won’t know what hit you later. It is vital and plain common sense to pay attention to every snippet of support that has come your way.
Make a game out of asking all the right questions; make it smart and plan to keep 90% of what you receive You have to get ready to wear the cloak of upstanding responsibility. That will become quite important in the not too distant future. That’s all. Let ‘er rip…P…
IKO WARD INTEL, 21 DEC
Iko Ward wrote
25m ago
The Nikkei wasn’t happy tonight, but China seems to be. So far so good. If we believe all the intel it’s a moot point. Next big indicator will be the European Markets. Happy markets could mean happening RV.
25m ago
The Nikkei wasn’t happy tonight, but China seems to be. So far so good. If we believe all the intel it’s a moot point. Next big indicator will be the European Markets. Happy markets could mean happening RV.
Iko Ward wrote
17m ago
Dear Santa, Zim at .57, Dong at 4.62, Dinar at 7.36, Fiat exchange, 180 days to set up Tax Shelter, no taxes, Tony in Vegas. Rate upticks until April 30th, No Caps. Thank you, your friend, Iko.
saintandrewstwinflame 