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[size=24]Frank26 and KTFA Members Tuesday 5-28-19
5/28/2019Go to Comments [/size]
KTFA:
Samson: Modern mechanization
28th May, 2019
To All Banks ( Modern Mechanics )
Later, our letter No. 12/2/3910 dated 8/10/2017 concerning the numbers and types of machines used in banks (head office and branches).
Please update the information on the acquisition of counting and sorting machines so that we can do the necessary. https://cbi.iq/news/view/1123
Hawkish: This has some indication that the CBI is telling all the banks to make sure that the Counting machines are working properly, and they have the required number of these machines, why ??
IMO, maybe because they (the banks) will need to use them more than they usually do in the coming days? expecting a lot of cash to come in (large 3 zero notes), and more cash to go out (LDS) & (NSCN) ?
Looks to me final preparations for the big show that is about to start IMO, CBI wants to make sure that everything will be running smooth with no problems (before, during and after) the RI. All IMO
....
BillA: Agreed......Added to this is the fact that IMO the companies/Individuals that normally purchase USD via the auctions are holding their IQD's in anticipation of a rate change in the very near future.
*******************
Samson: Including decisions issued by the Committee for the freezing of terrorist funds
28th May, 2019
The new issue of the Iraqi Gazette No. 4541, which included decisions issued by the Committee for the freezing of terrorist funds numbered (19 and 20) for the year 2019.
The director general of the Iraqi facts department, Mr. Kamel Amin Hashim, that the number contained decisions issued by the Committee for freezing funds of terrorists numbered 19 and 20 of 2019, Presidential Decree No. 24 of 2019 and the Establishment of the General Company for Iron and Steel. LINK
******************
Samson: Oil prices rise after OPEC cuts
28th May, 2019
World oil prices rose on Tuesday, based on cuts led by the OPEC Plus alliance, as well as US sanctions on supplies to Iran and Venezuela.
By 09:55 GMT, US crude rose to $ 59.30 a barrel from the opening level of $ 59.20, recording a high of $ 59.32 and a low of $ 58.75
.
Brent crude rose to $ 70.50 a barrel from the opening level of $ 69.97, and recorded a high of $ 70.57 and a low of $ 69.68.
Prices are currently supported by OPEC-Plus cuts of about 1.2 million bpd, which began in January and will last until the end of June. LINK
Samson: Trade launches today the electronic ration card
2016/5/28 8:46
The Ministry of Commerce announced on Tuesday the launch of the electronic ration card program with its new mechanisms.
A statement of the ministry received {Euphrates News} a copy of it, "The Ministry launched this morning, the experimental work of the electronic ration card with its new mechanisms." He added that "the citizen will be equipped with ration card cards through the electronic card after fingerprints were taken family members for the purpose of updating their data and ensure their presence for the purpose of processing ration cards."
He pointed out that "the experience of the program will be held in the area of Mansour intersection of 14 Ramadan adjacent to the mosque Saadia Omari, the name of agent Munther." LINK
*****************
Samson: June 2 is the date for the payment of the salaries of the secured workers and the reward of their international holiday
28th May, 2019
On June 2, the Ministry of Labor and Social Affairs set a date for the payment of the salaries of the insured workers and their successors due to the categories (manual exchange and smart card holders) in Baghdad and the governorates
The director general of the Department of Pension and Social Security of workers Ali Jafar al-Hilou said in a statement read by "Economy News" that "the Department will launch the salaries of the months of May and June with the monthly grant for secured workers on June 2 after completing all the necessary procedures for the distribution of salaries, Fifty thousand dinars on the occasion of the International Labor Day
He added that "the insured pensioner who has a service (30) years and above receive an amount of (600) thousand dinars for two months only, while receiving a pensioner who has a service less than (30) years the amount of (540) thousand dinars
"The family of the deceased, who has more than three deserving, receives a salary of 500 thousand dinars, while the family receives a salary of 480 thousand dinars. The family of the deceased pensioner who has one receivable receives a salary of 460 thousand Dinar
He called on all the retired workers secured to "review the banks according to the areas of residence for the purpose of receiving their salaries are accompanied by the identity documents represented by the identity pension or smart card LINK
Another Mailman: I think that the citizens below the poverty line are supposed to receive 100k dinars on June 2nd also. First day of Eid?
Don961: 10 hours of economic reports
Sovereign wealth in the world: an economic fortress or investment adventure?
Nada Ali
Sovereign wealth funds are one of the new economic instruments of the 20th century. The idea of these funds is to invest the surplus of some countries to achieve high financial returns that preserve the value of money over time from erosion due to inflation.
The task of sovereign wealth funds is to have a double purpose. On the one hand, it constitutes a kind of income for the rich countries that support these funds with the necessary funds. On the other hand, the loans granted to the productive projects help the growth of world production. This was happening in the oil sector Previously, but after the drop in oil prices, rich countries in support of these funds began to reduce the funds deposited in them for many reasons, the most important of which is the drop in oil prices.
The rich funds have been a sort of rescue for a number of companies that have been bankrupt and the risk of a standstill. A series of financing deals from cash-rich sovereign wealth funds has provided a lifeline for some of the world's largest private technology companies whose high ratings have been reviewed in the past year.
Oil is the primary source of financial surpluses that are invested in these funds. Therefore, oil countries are the largest contributors to the number and size of SWFs around the world. The various countries are striving to provide their investment incentives in order to attract investments of these funds, which exceed the capital of hundreds of billions of dollars, and therefore eligible for financing development in various developing and emerging countries.
Since the global financial crisis, the $ 6 trillion sovereign wealth fund sector has reduced its provisions for government bonds and increased its exposure to unlisted assets such as direct investment, real estate and infrastructure in pursuit of high returns.
Recently, sovereign wealth funds from oil-rich countries in the Middle East have moved to diversify their investments to include renewable energy, driven by climate change regulations and commitments, but are reluctant to follow Norway in abandoning some oil and gas investments, Oil and gas have been much larger than their investments in renewable energy over the last 10 years.
But direct investment data with sovereign wealth fund contributions suggests that this balance may be changing. In 2018, $ 6.36 billion worth of oil and gas investments went from $ 5.81 billion to renewable energy, one of the narrowest gaps between the two sectors for the last 10 years, according to BeachBook data and research firm. Many of these funds do not disclose that information.
More than a third of these funds are owned by Gulf funds, which have recently moved to increase their domestic investments, and represent the Arab revolutions An additional opportunity for non-risky investments, serving in several areas.
While the latest international reports indicate that the assets of sovereign wealth funds in the world exceed $ 5.2 trillion, and the Abu Dhabi Investment Authority, "ADIA" list of the largest sovereign funds, amounting to $ 627 billion.
The Norwegian government pension fund was second with assets of $ 611 billion, while the Russian Reserve Fund ranked tenth at $ 150 billion. Recent data show that the size of the sovereign funds in the GCC amounts to $ 1.7 trillion, more than a third of the size of global funds, and various studies expect to increase the wealth of funds to about $ 13 trillion until 2020, which means increasing its importance in the global economy and map Investments, and capital movements.
Oil revenues are the main source of funds, the largest sovereign wealth fund in the world. In conjunction with the rise in oil prices prior to 2014 and the increase in the imports of crude producing countries, the wealth of these funds has increased. Gulf wealth has become wider and more concentrated. The total assets of the sovereign funds of the Kingdom, the UAE and Kuwait alone Only up to 50% of all sovereign funds worldwide, and foreign cash reserves are also a major source.
Therefore, we see a great demand for these funds by some countries that are keen not to put eggs in one basket and the best example of China, which owns four sovereign funds is the China Investment Corporation and the investment portfolio of the Monetary Fund in Hong Kong and the National Social Security Fund and Saif Investment and America Which owns three investment funds and the UAE, which owns two investment funds and this is an excellent precautionary method because it reduces investment risks and gives greater opportunities to maximize the benefits on the wealth invested. It is also a strategic engine for global impact across global financial conglomerates............................... continues................ link
Samson: Modern mechanization
28th May, 2019
To All Banks ( Modern Mechanics )
Later, our letter No. 12/2/3910 dated 8/10/2017 concerning the numbers and types of machines used in banks (head office and branches).
Please update the information on the acquisition of counting and sorting machines so that we can do the necessary. https://cbi.iq/news/view/1123
Hawkish: This has some indication that the CBI is telling all the banks to make sure that the Counting machines are working properly, and they have the required number of these machines, why ??
IMO, maybe because they (the banks) will need to use them more than they usually do in the coming days? expecting a lot of cash to come in (large 3 zero notes), and more cash to go out (LDS) & (NSCN) ?
Looks to me final preparations for the big show that is about to start IMO, CBI wants to make sure that everything will be running smooth with no problems (before, during and after) the RI. All IMO
....
BillA: Agreed......Added to this is the fact that IMO the companies/Individuals that normally purchase USD via the auctions are holding their IQD's in anticipation of a rate change in the very near future.
*******************
Samson: Including decisions issued by the Committee for the freezing of terrorist funds
28th May, 2019
The new issue of the Iraqi Gazette No. 4541, which included decisions issued by the Committee for the freezing of terrorist funds numbered (19 and 20) for the year 2019.
The director general of the Iraqi facts department, Mr. Kamel Amin Hashim, that the number contained decisions issued by the Committee for freezing funds of terrorists numbered 19 and 20 of 2019, Presidential Decree No. 24 of 2019 and the Establishment of the General Company for Iron and Steel. LINK
******************
Samson: Oil prices rise after OPEC cuts
28th May, 2019
World oil prices rose on Tuesday, based on cuts led by the OPEC Plus alliance, as well as US sanctions on supplies to Iran and Venezuela.
By 09:55 GMT, US crude rose to $ 59.30 a barrel from the opening level of $ 59.20, recording a high of $ 59.32 and a low of $ 58.75
.
Brent crude rose to $ 70.50 a barrel from the opening level of $ 69.97, and recorded a high of $ 70.57 and a low of $ 69.68.
Prices are currently supported by OPEC-Plus cuts of about 1.2 million bpd, which began in January and will last until the end of June. LINK
Samson: Trade launches today the electronic ration card
2016/5/28 8:46
The Ministry of Commerce announced on Tuesday the launch of the electronic ration card program with its new mechanisms.
A statement of the ministry received {Euphrates News} a copy of it, "The Ministry launched this morning, the experimental work of the electronic ration card with its new mechanisms." He added that "the citizen will be equipped with ration card cards through the electronic card after fingerprints were taken family members for the purpose of updating their data and ensure their presence for the purpose of processing ration cards."
He pointed out that "the experience of the program will be held in the area of Mansour intersection of 14 Ramadan adjacent to the mosque Saadia Omari, the name of agent Munther." LINK
*****************
Samson: June 2 is the date for the payment of the salaries of the secured workers and the reward of their international holiday
28th May, 2019
On June 2, the Ministry of Labor and Social Affairs set a date for the payment of the salaries of the insured workers and their successors due to the categories (manual exchange and smart card holders) in Baghdad and the governorates
The director general of the Department of Pension and Social Security of workers Ali Jafar al-Hilou said in a statement read by "Economy News" that "the Department will launch the salaries of the months of May and June with the monthly grant for secured workers on June 2 after completing all the necessary procedures for the distribution of salaries, Fifty thousand dinars on the occasion of the International Labor Day
He added that "the insured pensioner who has a service (30) years and above receive an amount of (600) thousand dinars for two months only, while receiving a pensioner who has a service less than (30) years the amount of (540) thousand dinars
"The family of the deceased, who has more than three deserving, receives a salary of 500 thousand dinars, while the family receives a salary of 480 thousand dinars. The family of the deceased pensioner who has one receivable receives a salary of 460 thousand Dinar
He called on all the retired workers secured to "review the banks according to the areas of residence for the purpose of receiving their salaries are accompanied by the identity documents represented by the identity pension or smart card LINK
Another Mailman: I think that the citizens below the poverty line are supposed to receive 100k dinars on June 2nd also. First day of Eid?
Don961: 10 hours of economic reports
Sovereign wealth in the world: an economic fortress or investment adventure?
Nada Ali
Sovereign wealth funds are one of the new economic instruments of the 20th century. The idea of these funds is to invest the surplus of some countries to achieve high financial returns that preserve the value of money over time from erosion due to inflation.
The task of sovereign wealth funds is to have a double purpose. On the one hand, it constitutes a kind of income for the rich countries that support these funds with the necessary funds. On the other hand, the loans granted to the productive projects help the growth of world production. This was happening in the oil sector Previously, but after the drop in oil prices, rich countries in support of these funds began to reduce the funds deposited in them for many reasons, the most important of which is the drop in oil prices.
The rich funds have been a sort of rescue for a number of companies that have been bankrupt and the risk of a standstill. A series of financing deals from cash-rich sovereign wealth funds has provided a lifeline for some of the world's largest private technology companies whose high ratings have been reviewed in the past year.
Oil is the primary source of financial surpluses that are invested in these funds. Therefore, oil countries are the largest contributors to the number and size of SWFs around the world. The various countries are striving to provide their investment incentives in order to attract investments of these funds, which exceed the capital of hundreds of billions of dollars, and therefore eligible for financing development in various developing and emerging countries.
Since the global financial crisis, the $ 6 trillion sovereign wealth fund sector has reduced its provisions for government bonds and increased its exposure to unlisted assets such as direct investment, real estate and infrastructure in pursuit of high returns.
Recently, sovereign wealth funds from oil-rich countries in the Middle East have moved to diversify their investments to include renewable energy, driven by climate change regulations and commitments, but are reluctant to follow Norway in abandoning some oil and gas investments, Oil and gas have been much larger than their investments in renewable energy over the last 10 years.
But direct investment data with sovereign wealth fund contributions suggests that this balance may be changing. In 2018, $ 6.36 billion worth of oil and gas investments went from $ 5.81 billion to renewable energy, one of the narrowest gaps between the two sectors for the last 10 years, according to BeachBook data and research firm. Many of these funds do not disclose that information.
More than a third of these funds are owned by Gulf funds, which have recently moved to increase their domestic investments, and represent the Arab revolutions An additional opportunity for non-risky investments, serving in several areas.
While the latest international reports indicate that the assets of sovereign wealth funds in the world exceed $ 5.2 trillion, and the Abu Dhabi Investment Authority, "ADIA" list of the largest sovereign funds, amounting to $ 627 billion.
The Norwegian government pension fund was second with assets of $ 611 billion, while the Russian Reserve Fund ranked tenth at $ 150 billion. Recent data show that the size of the sovereign funds in the GCC amounts to $ 1.7 trillion, more than a third of the size of global funds, and various studies expect to increase the wealth of funds to about $ 13 trillion until 2020, which means increasing its importance in the global economy and map Investments, and capital movements.
Oil revenues are the main source of funds, the largest sovereign wealth fund in the world. In conjunction with the rise in oil prices prior to 2014 and the increase in the imports of crude producing countries, the wealth of these funds has increased. Gulf wealth has become wider and more concentrated. The total assets of the sovereign funds of the Kingdom, the UAE and Kuwait alone Only up to 50% of all sovereign funds worldwide, and foreign cash reserves are also a major source.
Therefore, we see a great demand for these funds by some countries that are keen not to put eggs in one basket and the best example of China, which owns four sovereign funds is the China Investment Corporation and the investment portfolio of the Monetary Fund in Hong Kong and the National Social Security Fund and Saif Investment and America Which owns three investment funds and the UAE, which owns two investment funds and this is an excellent precautionary method because it reduces investment risks and gives greater opportunities to maximize the benefits on the wealth invested. It is also a strategic engine for global impact across global financial conglomerates............................... continues................ link
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