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Guest Posting & Responding Now Available

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Featured Post

Real Truth Call Replay w/ Yosef - Geopolitical Intel 7-21-17

Real Truth Call Friday July 21, 2017 Host: Dr. WC Guests: Yosef Yosef starts at the 75 minute mark, gives geopolitical In...

Sunday, June 25, 2017

"First Time" - Sun. AM KTFA Thoughts, News w/ DELTA

KTFA

DELTA » June 25th, 2017


FAMILY: FOR THOSE THAT HAVE WARKA ACCOUNT........THEY DID POST THE INTEREST 7 DAYS EARLIER.

McDan » June 25th, 2017

Thanks Delta I have never seen this happen before .

DELTA » June 25th, 2017

THAT'S RIGHT , FIRST TIME..

Apmcrx » June 25th, 2017

Delta or anyone... any information/translation in this documents talking about ISO certifications and mentioning 2018? https://cbi.iq/news/view/158

DELTA » June 25th, 2017

YES FULLY ELECTRONIC BY THEN …BUT IOO (in our opinion) RATE WAYYYYYYYYYYYYYY BEFORE THAT..

StephenMac63 » June 25th, 2017

For an institution to pay interest early, IMO, is because the institution has another goal/policy they are about to initiate but they legally need to fulfill their contractual obligations prior to a change of policy...........hmmmmmm, me likey

Bluedog » June 25th, 2017

THIS IS JUST "ALL" IN MY OPINION:

SO HERE WE SEE SECURITY MAYBE FOR TERROR BUT IMO SETTING UP FOR A MONEY MOVE ................ REMEMBER THIS IS IRAQS FINANCIAL CAPITOL

http://www.faceiraq.net/inews.php?id=5698562

SECURITY IS TIGHT IN ALL AREAS OF IRAQ RIGHT NOW AND THE U.S. TROOPS 40 THOUSAND AND COALITION TROOPS TO GUARD WHAT??? CURRENCY REFORM MOVEMENT???? MAYBE..... IMO

BORDERS SEALED OFF

COUNTRIES BORDERING IRAQ HAVE MOVED TROOPS TO BORDERS TO HELP ALSO ............... A TRUMP PLAN

JORDAN, KUWAIT, SAUDIS, TURKEY AND IRAN ARE PLAYING THE GAME AFTER THE TOUR OF ABADI IN THE ARAB COUNTRIES

ANYTHING IMPORTED FROM SHIPS IN PORTS OR BORDER PORTS ARE BEING CHARGED TAX AND THAT IS FILLING THE BUDGET ALSO

DELTA'S POST ABOUT WARKA IS VERY INTERESTING ALSO

TANKERS FROM IRAQ HEADED FOR USA IS TO REFILL ......... TRUMPS RELEASE OF USA OIL RESERVES TO KEEP GAS LOW FOR USA CITIZENS TO HELP ECONOMY HERE AND NOW THOSE TANKERS WILL REFILL OUR RESERVES AT A CHEAP COST
THEN WE CAN SELL IT WHEN THE PRICES RISE GREAT MOVE

SAUDIS HAVE SHINED UP THE OLD OIL PIPELINE FROM IRAQ WHICH IS NEVER BEEN A FAVORITE OF SAUDIS....... AND OIL IS FLOWING STRONG AND BEING SOLD TO THE WEST

DEALS MADE BY ABADI ON HIS ARAB TOUR WERE PUT FORTH WITH TRUMPS SAUDI VISIT AND BACKROOM DEALS NOT EVER EXPOSED TO THE NEWS AGENCIES IMO

USA MET WITH TURKS AND THEY HAVE CALMED DOWN AND ARE STANDING STRAIGHT UP ....ALMOST SAYING YES PRESIDENT TRUMP

IRAN STARTING TO PLAY IN THIS WHOLE PLAN... NOW SWAP CURRENCIES??? AND ABADI BEING HAPPY WITH THE VISIT ........... I THINK THE MIDDLE EAST IS FOR THE FIRST TIME COMING TOGETHER ........... SPECIALLY THE RELEASE OF PRISONERS

AND THE IRAQ STOCK EXCHANGE WILL NOT BE UP TILL AFTER EID ..................IRS HAS BEEN ADOPTED BY IRAQ AND BEEN WORKING WITH THEM TO TRANSITION TO THIS POINT .................

IRAQ BOUGHT EXPENSIVE ARMORED VEHICLES WITH GUNS ON TOP THAT HAVE BEEN READY FOR A TIME AS THIS TO MOVE EXPENSIVE CURRENCY AROUND TO BANKS AND ATM'S .........................

MONIES BEING HELD IN ESCROW AROUND THE WORLD TO BE RELEASED JUNE 30TH, LOANS FROM THE W.B. IMF, NEED TO SEE A RATE FIRST BEFORE ALLOCATING......

ABADI TO ANNOUNCE THE DELETION OF DAASH DURING THE END OF EID....... AIR TRAVEL THRU THE COUNTRY OF IRAQ IS BEING NEGOTIATED WITH ARAB COUNTRIES AND GETTING THE OK .. AND THE PORT OF TREBIL SHOULD BE FLOWING SMOOTHLY SOON WITH COMMODITIES...

ALL THE ABOVE IS JUST IN MY OPINION ........ BLUE

Don961 » June 25th, 2017

Economy, Business And Markets

Saturday, June 24, 2017

Forex Rate Unification Needs Real Rates (IRAN)

The unification of foreign exchange rates should be accompanied by setting real exchange rates, otherwise the plan will fail as in the past, the head of Iran Export Confederation said.
Mohammad Lahouti’s statement came after the Wednesday meeting of Money and Capital Markets Commission of Iran Chamber of Commerce, Industries, Mines and Agriculture, during which Gholamali Kamyab, the Central Bank of Iran’s deputy governor for foreign exchange affairs, voiced his support for unifying the forex rates.

“Everyone in the meeting talked about foreign exchange rate unification while no one mentioned the necessity of moving toward real forex rates,” Lahouti was quoted as saying by IRNA.

He added that exporters don’t favor higher exchange rates, but they demand the implementation of a law based on which the inflation rate determines the forex rates.

According to a report by the Institute for Trade Studies and Research (affiliated to the Ministry of Industries, Mining and Trade), the government has kept the exchange rate lower than its real value by 38% and 11% in 2013 and 2016, respectively.

Lahouti said the rule for taking into account the ratio of the price level abroad and the domestic price level for determining the exchange rate has existed since the third five-year development plan(2000-4), but previous administrations never implemented it.

“If the forex rates do not increase in tandem with inflation, that would hurt domestic production since it ruins their competitive edge, as a result of which imports and smuggling will significantly increase,” he said.

The ITSR report indicates that in the last Iranian year (ended March 20, 2017), the value of commodities smuggled into Iran hit $15 billion, which is equivalent to 22% of all imports (both legal and smuggled).

Lahouti emphasized that the important issue is to support exports without increasing the forex rates since it would not help exports, as a commensurate increase in inflation and forex rates will ensure the continuation of exports.

Domestic production in Iran is highly subsidized by the state. However, overshadowing the country’s protectionist policies is the practice of allocating cheap, subsidized foreign exchange by the government to imports, which runs counter to the spirit of boosting domestic industries.

Iran currently uses two exchange rates: the free market rate, which stood at 37,440 rials to the US dollar on Friday, and an official exchange rate for state transactions fixed by CBI at 32,491 rials on Thursday.

In order to bridge the gap between the two rates, the government began to gradually increase the official exchange rate for it to get closer to the unofficial market rate and tried to shorten the list of imports eligible to receive foreign currency at official rates.

Top economic officials, including CBI Governor Valiollah Seif and Economy Minister Ali Tayyebnia, had repeatedly promised that the forex rate will be unified soon after all the prerequisites are in place.

Lacking Banking Ties With Qatar

Lahouti noted that despite the statements of CBI’s deputy governor for foreign exchange affairs at the Wednesday meeting, Iran’s banking relations are not the same as they were before the nuclear sanctions and exporters still use high-risk runaround methods to transfer their money because it is not available through the banking system.

“European banks do not accept Iranian commodities’ certificates and most of Iran’s trade is with Iraq, Afghanistan and the UAE where the only correspondents are Iranian banks since foreign banks don’t work with Iranian exporters,” he added.

Since the removal of international banking restrictions in January 2016, Tehran has secured links with only a limited number of smaller banks as US sanctions remain in force and large foreign institutions still fear potential fines.

Lahouti said Iran cannot get hold of Qatar’s market due to its lack of banking ties with Iran.

https://goo.gl/Hh5136

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