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The stock market announces the launch of the circulation of national bonds issued by the Central Bank of Iraq


yota691
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Fingers crossed.  My job closed after 19.5 years.  Sold my upside down car, then sold my house, paid off my debt, closing on a little 900sf on Friday.  Don't mind the downsizing so much, but took a job at 12,000 less a year.  Retirement has been moved for me to 72.  Wouldn't mind retiring now.

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20 minutes ago, Viciousdoggie said:

Fingers crossed.  My job closed after 19.5 years.  Sold my upside down car, then sold my house, paid off my debt, closing on a little 900sf on Friday.  Don't mind the downsizing so much, but took a job at 12,000 less a year.  Retirement has been moved for me to 72.  Wouldn't mind retiring now.

God bless you.  I know that to those who have waited patiently for this to happen will be rewarded soon enough.  This news is very exciting for us all.

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57 minutes ago, Viciousdoggie said:

Fingers crossed.  My job closed after 19.5 years.  Sold my upside down car, then sold my house, paid off my debt, closing on a little 900sf on Friday.  Don't mind the downsizing so much, but took a job at 12,000 less a year.  Retirement has been moved for me to 72.  Wouldn't mind retiring now.

I get ya ... more than you know!!!

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7-19-2017   Newshound Guru MilitiaMan    Article “Iraq plans to sell us dollar bond deal in coming weeks – sources”   

 

The interesting thing about this one is they are expected to be International. 

 

But, one might ask are they yet? 

 

They say they are above based on selling the bonds to come shortly, as in next week...real close. 

 

The council of ministers permitted the issuance of the bonds in the amount of US $1 billion.

 

Really?  No guarantee by the USAID.

 

But by JP Morgan, Citi Bank, Deutsche Bank, Etc.. (...there is not a need for the USA to do so, the Banks are.)  

 

Where did the seed money come from for the Banks to pony up?  Well school is now in session...   

 

So did we not here about 5 tankers landing...?  We did...

 

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7-19-2017   Newshound Guru MilitiaMan   Well, lets think about those five ships.

 

And we shall not wonder why they were arriving under the  "cloak of darkness."

 

If you will! More ships on the way and publicly we here in opinions offered!

 

The Bonds being sold in the past had a ...poor track record in Dinars.

 

No wonder why at a 1184ID/1USD? Lol  

 

These new international bonds are not IMO at a program rate, as they say they are international above, worth up to $1 billion USD. 

 

Lets say those five ships were the big boys seeding at 500,000,000 tons each @ about 7.5 brls per tonnne.

 

That is about 3,750,000 brls per ship or about 18,750,000 brls total... 

 

Lets say they got the best deal recently they could and sold for $49.00 a brl.  That is about $918,750,000... 

 

There is your backing for the Bonds that the USAID need not back, as the Iraq pipeline fed the SA refineries to load SA ships to cloak into the USA to be tested for purity and good faith if you will, possibly!

 

Iraq payments in swing for war re payments? 

 

Food for thought.. imo.

 

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Thought I would just double check those numbers on the weight of a tonne of oil vs The # of barrels of oil.

 

How many barrels of oil in a ton?
158.9872972 * 0.88 = 139.908821536 kilograms.
1 metric ton is 1000 kilograms:
139.908821536 / 1000 = 7.1475121.
So there are a little over 7 barrels of petroleum in a metric ton.
 
I had thought it was around 9, but I would of guessed wrong.
 
pp
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Now to answer SG's question..................

 

Does an Acre of Hilly Land Contain More Land Than an Acre of Flat Land?

 
Does an Acre of Hilly Land Contain More Land Than an Acre of Flat Land?

Every acre contains the same measure of land regardless of whether it is steep, bowl-shaped, or the Great Plains. This is due to long-standing conventions of land surveying and accepted procedures for determining ownership boundaries. There is definitely a catch, however, in that not every measured acre contains the same amount of ground surface. In other words, you’d need a bigger quilt to cover an acre of Vermont than you’d need to cover an acre of Kansas.

But they don’t measure an acre by measuring the size of the quilt needed to cover it. An acre is a two-dimensional measure of land area. Originally, it was the amount of land that could be plowed by a team of oxen in a day. In fact, the acre had specific dimensions because of this. It was a rectangle, whose length was determined by the distance the oxen could plow before needing a rest. This furrow-long distance became the furlong, which was equal to 40 King’s rods (660 feet to commoners like us). That determined the long side of the rectangle, and the short side of this one-acre rectangle was 4 rods (66 feet). Multiply these to get 43,560 square feet of area.

Still today, an acre is fixed at 43,560 square feet. If a particular one-acre parcel happens to be in the shape of a perfect square, its sides would be 208.71 feet each. But an acre need not be square. It is fixed at 43,560 square feet but has no specific length, width, or shape. The number and length of its sides can be anything, just so long as the total area they bound equals 43,560 square feet. If you wanted to create a one-acre rectangular parcel of land with one side a mile long, then it would be 8.25 feet wide.

Whatever the shape of a parcel – or the topography of the land it contains – surveyors calculate its acreage based on a common surface, using basic geometry (whose Greek root words mean earth measure). And while it is possible to account for the curvature of the earth in land surveying, most boundary surveys for parcels less than a few hundred square miles use plane surveying. That is, the portion of the earth being measured is considered a horizontal plane.

By convention, then, land area is measured on a two-dimensional common surface plane projected onto the ground. So even in hilly terrain, the acre is measured as if the hill were cut off at the horizontal, parallel to the horizon. In practice, this means that property boundary lines are not measured as the true ground distance between two points on the ground, be they iron rods, stone bounds, or rock piles. Instead, boundary lines are typically measured as the horizontal distance between those two points. In the woods, if you measure distance along the sloped surface, you can either hold the tape horizontal at all times when recording distances or measure the slope distance and angle and then later apply a correction to reduce this slope distance to the horizontal distance.

Because the sloped line that runs along steep ground is longer than a horizontal line above the ground between the same two points, an acre of hilly land does have greater surface area than would an acre of flat land. For instance, a hypothetical acre that had a uniform 15 percent slope would have approximately 1.12 percent more surface area and would require a quilt that measured 44,047.8 square feet. Does this mean that the sloped land will have more trees or wood volume per acre, because it has more surface, and trees grow on the surface?

Maybe. If greater slopes have greater surface area per acre, it stands to reason that an acre of decent forest soil on a moderate slope would contain more trees and produce greater yields per acre than a similar acre of flat forest. This would make even more sense if tree establishment and growth were driven only by surface-related factors. But other factors are also at work, and tree growth is driven – and often limited – by sunlight and precipitation. 

Perhaps the more important feature of sloping land is the direction it faces – its aspect or orientation – because that influences the amount of sunlight the acre receives. This, in turn, indirectly governs other related factors such as air and soil temperature, precipitation, and soil moisture – all of which are important for the establishment and growth of plants. So as land is measured, an acre on a hill would be the same size as, but would have more surface area than, a flat acre. But surface area alone does not determine which acre would have more trees.

Michael Snyder is the Chittenden (Vermont) County Forester.

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23 hours ago, Hotcurl said:

Yep, me too Chuck. Not too much debt here, just the mortgage.

IMHO - I think we are close = too much financial press for the good, too much misinformation to confuse,+ too much other BS too be distracting.

Semper Fi :salute:

GO RV

I would have to agree here. There has just been to much financial press and all of it positive.  :twothumbs:

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7-20-2017   Intel Guru Frank26   “Our Friend” in Iraq (Walkingstick) called me yesterday...

 

Our Friend got information of what Iraq and the USA is about to do. ...

 

Iraq plans to sell American style BONDS this JULY.  

 

Now that we have MOSUL...things are traveling at the speed of light! ...

 

they are going to sell BONDS … American Dollar Bonds...

 

BUT...they will NOT be backed by the US Government.  

 

That is an INTERNATIONAL ACT/MOVEMENT...that would be Article VIII...right? 

 

They are going to sell these bonds this month in JULY...

 

(1 BILLION AMERICAN DOLLARS WORTH) --- wow! Impressive...

 

but the citizens are not going to buy these. 

 

(Pretty smart huh?!) The citizens bought the bonds offered in January.  

 

Is this a joke? At 1184.

 

No...it’s a PLAN! (Rather brilliant) – lots of DEALS made with AMERICA. 

 

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7-20-2017   Intel Guru Frank26   So...what is SIGNIFICANT about these BONDS?   It involves JP Morgan/Chase, CITI, Deutsche Bank. 

 

These banks are going to help Iraq hit the INTERNATIONAL market. 

 

BUT THEY’RE NOT INTERNATIONAL YET!  

 

This is a progress of the MR.  They are sending an INTERNATIONAL MESSAGE. 

 

Are we selling the BONDS at 1184...they are being sold at the DOLLAR RATE!  

 

WOW! These are NOT in IQD’s.  

 

If they were...that would “TIP-THE-HAND” to speculators (2nd set of books) as they lift the 3 zeros.

 

That could cause problems. They have the support of the IMF to do that.  

 

The countries are going to see the CREDIT RATING OF IRAQ RISE. 

 

These BONDS / CREDIT RATING will help in the regulation of the currency inside of Iraq. 

 

These bonds will FUEL their budget. 

 

The IMF DEMANDS for them to FINISH their budget! 

 

The IMF will stop ALL funding...NO MORE EXCUSES! 

 

Take this money... use it...bring you budget out...that requires a new rate...

 

just like the tankers are being used to deal with the exchange that is soon to come. 

 

The INTERNATIONAL WORLD is very excited...Iraq is ready to FLY!

 

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Increase the capital of the Central Bank to one trillion dinars

   
 

 
 

24/7/2017 12:00 AM 
 
 Baghdad / Farah Al-Khafaf As  
part of the state's efforts to keep abreast of global economic development, the Council of Ministers and MPs are working on amendments to the Central Bank of Iraq law. 
This comes at a time when an economist praised the new amendments, which he pointed out that it will be radical and important and will develop the Iraqi money market. 
According to a copy of the draft law, "Al-Sabah" obtained a copy of it, the new law aims to "increase the capital of the Central Bank of Iraq and to keep pace with global economic development and grant powers to the bank and increase the number of members of the Board of Directors of the bank from outside the bank and the formation of a committee to audit and issue commemorative coins and impose interest on Loans granted by the bank to commercial banks and the preservation of its funds from bookings issued by judicial decisions. " 
The law stipulates that "the capital of the Central Bank of Iraq shall be one trillion dinars fully owned by the State." Reserve management allows the new law that " the Central Bank of Iraq will hold deals on foreign assets and manages the official foreign exchange reserves of the state according to international best practices and the objectives of monetary policy, as the Board may invest such a reserve in gold located in the Iraqi Central Bank coffers cash, currencies Foreign currency and cash equivalents that are normally used in the performance of international accounts held by the CBI or for its account, credit balances payable on demand or payable after a short period in foreign exchange normally Used in the performance of international accounts maintained by the Central Bank of Iraq in its accounts or those that invest through repurchase agreements, repurchase and fixed deposits for multiple periods. Full trust in  addition to the special drawing rights available to the Iraq Account of the International Monetary Fund, the status of Iraq's reserve with the International Monetary Fund, as well as any tradable debt securities issued by or fully trustworthy and approved by foreign governments, central banks or international financial institutions, authorities and agencies local and foreign , which are paid in foreign currencies , which are usually used in the performance of international accounts maintained by the Central Bank of Iraq or for his account. " investment portfolio also allows the bill to the bank , " the use of financial derivatives in investment portfolios Of as a tool to hedge, and the issuance of coins commemorative non-negotiable, and that the Central Bank of Iraq chooses the approval of the Minister of Finance , an international company based external audit and financial audit for a period of five (5) years, and may not be repeated selected periods in a row of more than (10) ten years. " Development work and sees economic expert Rahim Shammari told the "morning" that " the legislation of these amendments will contribute to the development of the Bank 's work, allowing greater freedom of the money after the capital increase." He pointed out that "these amendments are the second after the issuance of the law of the Bank issued by Order No. (56) for 2004 on the Coalition Provisional Authority (dissolved)," noting that "the Iraqi Central Bank succeeded during the past period in maintaining the exchange rate of the Iraqi dinar, A good thing about Iraq's financial stock. " New products Shammari expressed "optimism about the next phase, especially with the intention of the bank to develop its work by adopting new products." The governor of the Central Bank Ali al-Alaq has confirmed that Iraq has passed the difficult stage «pessimistic» that has passed during the past two years and accompanied by statements are not based on facts that raised terror in the Iraqi street. The exchange rate of the bank, which is a "safety valve" for the economy and monetary policy of the country, that the rate of inflation did not exceed 2 percent, while the dinar maintained a stable exchange rate at acceptable limits despite the challenges, in addition to the index raised the interest of global institutions supporting, The Central Bank has raised the IMF's expectations by 10 billion dollars despite the exceptional circumstances that the country is undergoing.
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On 7/18/2017 at 4:51 PM, Carrello said:

adding that " the supplementary budget came at the request of the Fund international Monetary and , if not completed and voted on before the end of this month, the IMF will stop supporting Iraq .

 

Tick Tick Tick Tick ...

 

:D  :D  :D 

 

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Increase the capital of the Central Bank to one trillion dinars

24/7/2017 12:00 AM 

Baghdad / Farah Al-Khafaf 


As part of the state's efforts to keep abreast of the global economic development, the Council of Ministers and Representatives are working on amendments to the Central Bank of Iraq Law. 
This comes at a time when an economist praised the new amendments, which he pointed out that it will be radical and important and will develop the Iraqi money market. 
According to a copy of the draft law, "Al-Sabah" obtained a copy of it, the new law aims to "increase the capital of the Central Bank of Iraq and to keep pace with global economic development and grant powers to the bank and increase the number of members of the Board of Directors of the bank from outside the bank and the formation of a committee to audit and issue commemorative coins and impose interest on Loans granted by the bank to commercial banks and the preservation of its funds from bookings issued by judicial decisions. " 
The law stipulates that "the capital of the Central Bank of Iraq shall be one trillion dinars fully owned by the State." 

Reserve Management 
The new law allows that "the Central Bank of Iraq deals with foreign assets and manages the official reserve of foreign exchange of the State in accordance with international best practices and monetary policy objectives, and the Council may invest such reserves in the gold cash in the coffers of the Central Bank of Iraq, and cash and metal coins Which are normally used in the performance of international accounts held by the Central Bank of Iraq or for its own account, credit balances payable on demand or payable after a short period in foreign exchange which is normally used to perform International accounts maintained by the Central Bank of Iraq has accounts or those that invest through the re - purchase and re - purchase the corresponding fixed deposits and multi-term agreements. 

Full confidence 
In addition to the Special Drawing Rights available to the Iraq Account of the International Monetary Fund, the status of Iraq's reserve with the International Monetary Fund, as well as any tradable or fully trustable securities issued by foreign governments, central banks, international financial institutions, Which are paid in foreign currencies, which are usually used in the performance of international accounts held by the Central Bank of Iraq or for his account. 

Investment portfolios 
The draft law allows the bank to "use derivatives in the investment portfolios as a hedging tool, issue non-negotiable souvenir coins, and choose the Iraqi Central Bank with the approval of the Minister of Finance, an international company that performs external audit and financial auditing for five (5) years, For consecutive periods of more than (10) ten years. " 

Business development 
"The legislation of these amendments will contribute to the development of the bank's work, which will allow for greater freedom of funds after increasing its capital," said Rahim al-Shammari, an economist. 
He pointed out that "these amendments are the second after the issuance of the law of the Bank issued by Order No. (56) for 2004 on the Coalition Provisional Authority (dissolved)," noting that "the Iraqi Central Bank succeeded during the past period in maintaining the exchange rate of the Iraqi dinar, A good thing about Iraq's financial stock. " 

New Products 
Shammari expressed "optimism about the next stage, especially with the intention of the bank to develop its work by adopting new products." 
The governor of the Central Bank Ali al-Alaq has confirmed that Iraq has passed the difficult stage «pessimistic» that has passed during the past two years and accompanied by statements are not based on facts that raised terror in the Iraqi street. 

Exchange rate 
The bank's indicators, a "safety valve" for the economy and monetary policy of the country, showed that the inflation rate did not exceed 2 percent, while the dinar maintained a stable exchange rate at an acceptable level despite the challenges, in addition to the index raised the interest of international institutions supporting, The IMF's expectations of 10 billion dollars despite the extraordinary circumstance experienced by the country.

 

http://www.alsabaah.iq/Article.....?ID=141217

 

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  • yota691 changed the title to The stock market announces the launch of the circulation of national bonds issued by the Central Bank of Iraq

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