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Tuesday, May 9, 2017

"Liberate the IQD" - Tues. AM KTFA Thoughts/News


Chris05 » May 9th, 2016

From what I understand, everything regarding Iraq's Financial Reform process, is POSITIVE.

Also, IMO from what I learned additionally, it seems PM Abadi may no longer have a grip on the steering wheel, nor control deck, in order to land this vehicle at its final destination, called 'LIBERATE THE IQD'.

Perhaps there are newly self-appointed co-Captains taking full control now, that will be there in full control, until the mission is completed.

Remember Frank has taught us that the IMF and the WB are basically US focused/driven/influenced institutions that handle, manage and regulate the Financial/currency reforms and lending/ financial requirements for all nations.

Combine that with the fact we recently learned through articles that both these institutions have demanded that Iraq complete their financial reforms ASAP.

Combine ALL that knowing that T (Trump) will be visiting A (Abadi) in Iraq in May, definitely before May 25. IMO, T will visit Iraq, post RV.

These are my thoughts, that I hope you like.

Don961 » May 9th, 2016

Baghdad receives a call Saudi Arabia to participate in a conference attended by Trump

Baghdad / term

Foreign Ministry announced yesterday, for Iraq received an official invitation to participate in the Islamic Arab summit - American in Riyadh.

It is scheduled to hold a summit attended by US President Donald Trump , who revealed his visit to Saudi Arabia on 23 May present. Trump said , "We will hold a historic summit in Saudi Arabia , in the presence of leaders from across the Muslim world , " expressing his desire to "restore America's role in the world and the destruction of the terrorist organization Daesh terrorist groups."

And met with Foreign Minister Ibrahim al - Jaafari, yesterday, the acting Saudi embassy in Baghdad , Abdul - Aziz al- Shammari. The two sides reviewed "progress of bilateral relations between Baghdad and Riyadh, and ways of boosting them in the interests of the two brotherly peoples." It revealed a foreign ministry statement from al - Jaafari received an "official invitation from Saudi Arabia to the President of the Republic , Dr. Fuad Masum; to represent Iraq in the Arab-American Islamic summit meeting to be held in Riyadh later this month."

Separately, House Speaker Salim al - Jubouri , with his Romanian counterpart signed a memorandum of understanding and mutual cooperation between the two parliaments, as he emphasized Iraq 's desire to develop its relations with Romania.

Visiting House Speaker Salim al - Jubouri, Romania is currently at the head of a parliamentary delegation at the official invitation of his Romanian counterpart, to discuss ways to develop bilateral relations and strengthen the parliamentary level.

A statement from the Office of al - Jubouri , I followed (range), the latter "met with his counterpart President of the Romanian Parliament Livio Dragnaa and discussed with him bilateral relations between the two countries and joint parliamentary cooperation , " noting that " the two parties signed a memorandum of understanding and mutual cooperation between the two parliaments."

In a related context, search House Speaker Salim al - Jubouri , with the head of the Roman Senate, developments and economic relations between Baghdad and Bucharest.

A statement by the Chairman of the House of Representatives "President al - Jubouri confirmed the Chairman of the Romanian Senate, said Iraq was keen to develop its relations with Romania as the interests of the two countries and enhance economic and commercial role."

The statement noted that "al - Jubouri met during his visit to Romania, the Romanian Minister of Foreign Affairs Teodor Viorel Milishcano," pointing to " The meeting dealt with the efforts of the two countries in joint investment opportunities and bilateral cooperation to achieve the interests and aspirations of the two friendly peoples."


KTFA Monday Night Conference Call 5-8-17

Approx. 3 hours long

The first part is Business Promo and the second part is Dinar/Iraq Intel

PLAYBACK # : 641.715.3639 PIN: 156996#


Don961 » May 9th, 2016

Iranian Banks to Decide Rates Next Month

Tuesday, May 09, 2017

When major players of the Iranian banking system next convene in the foreseeable future, addressing the oft-visited dilemma of interest rates will be on top of their agenda, the head of the Association of Private Banks and Credit Institutions announced.

“During previous meetings, discussions took place regarding interest rates and it was decided that the next meeting would focus on interest rates and make plans for supporting production and employment,” Kourosh Parvizian also told Fars News Agency, underscoring the importance of reviewing rates in the next session.

“Yes, we are looking to balance both the lending and deposit rates,” he added.

Back in June, the Money and Credit Council allowed the banking sector to offer approximately 15% interest on term deposits, lowering the rate by 3%.

Banks were also asked to charge borrowers approximately 18%, though bank loans are reportedly offered at higher rates.

However, the Central Bank of Iran has announced that it seeks single digit interest rates that are approximately 2-3% higher than the inflation rate, which is currently around 8%.

According to Parvizian who is also the chief executive of Parsian Bank, the banks will meet in the early days of the next Iranian month (that begins on May 22).

He added that the deposit rates are currently lower than they were in the final two months of the previous fiscal year (January 20-March 20) because the pressure exerted by government expenses has now abated and the major companies and holdings’ push to collect their resources has died down.

Three days ago, the secretary-general of the Association of Banks and Credit Institutions said “there have still been no talks” about reducing the rates, but confirmed that the banks welcome the decrease in both interest and deposit rates.

“Although the necessary conditions must be met, both state-owned and private banks are in favor of reducing bank interest rates in our meetings with them,” Mohammad Reza Jamshidi had also told IBENA.

The official had also signaled that the rates would be more dependent on supply and demand in the market.

“When demand is higher and supply of money is lower, interest rates would naturally follow the market instead of following the inflation rate,” he said.

However, Jamshidi noted that the necessity of interest rates being proportionate to the inflation rate is felt more by private banks than by state-owned lenders.




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