Popular Post easyrider Posted November 14, 2013 Popular Post Report Share Posted November 14, 2013 (edited) BLC Administrator's Chat 11/13/2013 [lightingcslt] Scooter once said, look for the Central Bank to issue bonds in local currency and that would be a great sign that Iraq is ready to change their monetary structure - tlm724 you remember that [tlm724] lightingcslt yes I do ![lightingcslt] *hallelujah* its a coming[tlm724] even though shredd commented on the bonds I'd like to talk to him about it too [lightingcslt] tlm724 yeah where is that banker anyway [tlm724] I don't know lol [lightingcslt] tlm724 I remember more about the two banks getting thier books in order first[tlm724] lightingcslt let me look at an old scooter chat give me a few to find it [Dogznova] there's the banker now [b2stepblue] Shredd whats your take on the bonds[Dogznova] haven't they been doing bond auctions for quite some time now?[shredd] b2stepblue great news and expected as well. it's a good indication of the maturity of iraq economically[tlm724] [scoooter] So they need to diversify that economy and this will draw more to the capital markets I mean rightj now Iraq's capital markets are running at 5% of their GDP while Jordan on the other hand it's close to 200% of their GDP [shredd] agreed . yes and we've already seen that starting....a new large fund just went to market [scoooter] and that's sustanable .Shredd exactly but what's even more important is the establishment of the bond market that bond market will help the government be liquid [shredd] oh yes it will [scoooter] and that's kinda sorta important [shredd] indeed... ie sovereign bonds [scoooter] Yes --- the primary bond market will be consumed by the internal companies like insurance companies and utility companies and they'll probably be offered at a nice fat rate too I mean % . yes [shredd] yes and secondary will be financial products [scoooter] and again, they'll realize the multiplier and it's effects will be felt throughout their economy[tlm724] what's even more important is the establishment of the bond market[shredd] tlm724 hey you[tlm724] Shredd hey sorry didn't see you lol how are you ? [shredd] good, just got back from a week's vacation yesterday...catching up[tlm724] Shredd *hallelujah*[tlm724] thats the scooter chat ^^ lighters 4-25-13[shredd] great news on the bonds......these will show investors stability[shredd] the hot word for them for over a decade[tlm724] Shredd yes !![shredd] and what's great is bonds by nature are not short term investments so the investors to these know iraq is dependable for a longer run plus, the rate tells me it is low risk[shredd] as bonds normally are, this release is a test imo seeing the demand for the product. I 've seen this happen many times before, a new product, or a new industry or in this case a sovereign bond test the appetite and you just watch, they will be releasing more in Q1 too[lightingcslt] Shredd but only in Iraq as well[shredd] right lighters , local for now which is smart Iraq has a lot to prove to the investors who have been waiting and watching this is the first, beyond the street, step[shredd] I know we all expected this, but it is no coincidence regarding the timing by year end. I'll be looking for the prospectus and we can do a chat on it when it releases[shredd] lightingcslt intl investment will be right around the corner this be the spark we've been looking for !The Governor of the Central Bank said that the first tranche of bonds is expected to be worth three billion Iraqi dinar Baghdad/Obelisk, said Abdul Basit Turki, Governor of the Central Bank said Tuesday that Iraq is planning to issue bonds in local currency for the first time since the overthrow of Saddam Hussein, which would give the country a new tool of monetary policy.Turkish, he said on the sidelines of a Conference in Geneva that the first tranche of bonds are expected to amount to three billion dinars (2.58 million US dollars).He added that this will be the first time that a bond issue for fiscal policy and not for the purpose of funding.Turki said he expected that the first version of the new bonds will be a good response and may be followed by more releases and the total size of the issue will depend on demand.It will increase the bond order for five years and hopes the Central Bank issued the first tranche before the end of the year, although that decision will be taken with the participation of the Ministry of finance.He said that the bond interest is expected to be less than the standard interest rate of the Central Bank of 6 percent.He said Iraq's inflation rate of 2 percent describing it as a rare and very good number.He said there were no plans to issue international bonds even though that might happen in the future if there are ambitious plans for the development of needed funding.http://www.almasalah.com/ar/NewsDetails.aspx?NewsID=19706dealerdean: The Governor of the Central Bank said that the first tranche of bonds is expected to be worth three billion Iraqi dinar Baghdad/Obelisk, said Abdul Basit Turki, Governor of the Central Bank said Tuesday that Iraq is planning to issue bonds in local currency for the first time since the overthrow of Saddam Hussein, which would give the country a new tool of monetary policy.Turkish, he said on the sidelines of a Conference in Geneva that the first tranche of bonds are expected to amount to three billion dinars (2.58 million US dollars).He added that this will be the first time that a bond issue for fiscal policy and not for the purpose of funding.Turki said he expected that the first version of the new bonds will be a good response and may be followed by more releases and the total size of the issue will depend on demand.It will increase the bond order for five years and hopes the Central Bank issued the first tranche before the end of the year, although that decision will be taken with the participation of the Ministry of finance.He said that the bond interest is expected to be less than the standard interest rate of the Central Bank of 6 percent.He said Iraq's inflation rate of 2 percent describing it as a rare and very good number.He said there were no plans to issue international bonds even though that might happen in the future if there are ambitious plans for the development of needed funding.http://www.almasalah.com/ar/NewsDetails.aspx?NewsID=19706Tlm724: Great find dealerdean ty !!the issue will depend on demand. It will increase the bond order for five years and hopes the Central Bank issued the first tranche before the end of the year,NOTE: Definition of 'Tranches'A piece, portion or slice of a deal or structured financing. This portion is one of several related securities that are offered at the same time but have different risks, rewards and/or maturities. "Tranche" is the French word for "slice".Investopedia explains 'Tranches'Tranche is a term often used to describe a specific class of bonds within an offering wherein each tranche offers varying degrees of risk to the investor. Edited November 14, 2013 by easyrider 18 Link to comment Share on other sites More sharing options...
Rockymtnhi Posted November 14, 2013 Report Share Posted November 14, 2013 Scooter chat 4-25-13?? Link to comment Share on other sites More sharing options...
easyrider Posted November 14, 2013 Author Report Share Posted November 14, 2013 Scooter chat 4-25-13?? its an old chat that they brought up Scooter had said the bonds were a key component to a monetary change in local currency and here we are. This shows the validity of what scooter researched which was very thorough when he did. http://www.brecorder...nds/144294.html Tuesday, 12 November 2013 23:12Posted by Muhammad Iqbal GENEVA: Iraq plans to issue domestic currency debt for the first time since the fall of Saddam Hussein, giving the country a new monetary policy tool, its central bank chief told Reuters on the sidelines of a conference in Geneva on Tuesday. "We expect that the first issuance will be in the value of 3 billion Iraqi dinars ($2.58 million)," said Abdul-Basit Turki Saeed, speaking through an interpreter. "This is the first time after Saddam Hussein, and this is the first time that they are being issued for monetary policy and not for financing." Read more: http://dinarvets.com/forums/index.php?/topic/165508-iraq-plans-to-issue-domestic-bonds/#ixzz2kZzpwg9H 8 Link to comment Share on other sites More sharing options...
Butifldrm Posted November 14, 2013 Report Share Posted November 14, 2013 (edited) Thanks easy! I miss Scooter. He always said the secondary markets were key to this investment. The truth be told about this particular auction it's open to the public, I would call that a secondary market. So lets pray, their is a demand. Edited November 14, 2013 by Butifldrm 5 Link to comment Share on other sites More sharing options...
RodandStaff Posted November 14, 2013 Report Share Posted November 14, 2013 (edited) Thanks Easy...there are a lot of pieces to this puzzle... Let's pray this thing is just about complete!!! Come On RV Baby!!! Edited November 14, 2013 by RodandStaff 4 Link to comment Share on other sites More sharing options...
429 Posted November 14, 2013 Report Share Posted November 14, 2013 Thanks for bringing it over, easy. 2 Link to comment Share on other sites More sharing options...
NWGUY Posted November 14, 2013 Report Share Posted November 14, 2013 Thank you Easy....nice blast from the past...to the future!! Good day for Iraq, and also us!! Go RV or RI Soon!!! 1 Link to comment Share on other sites More sharing options...
hoodsta Posted November 14, 2013 Report Share Posted November 14, 2013 Right on easy 1 Link to comment Share on other sites More sharing options...
sandfly Posted November 14, 2013 Report Share Posted November 14, 2013 THANKS 1 Link to comment Share on other sites More sharing options...
RicknSaudi Posted November 14, 2013 Report Share Posted November 14, 2013 Thanks easy! I miss Scooter. He always said the secondary markets were key to this investment. The truth be told about this particular auction it's open to the public, I would call that a secondary market. So lets pray, their is a demand. BUMP 2 Link to comment Share on other sites More sharing options...
Texas1 Posted November 14, 2013 Report Share Posted November 14, 2013 BUMP We could all use one after this roller coaster........ 4 Link to comment Share on other sites More sharing options...
RicknSaudi Posted November 14, 2013 Report Share Posted November 14, 2013 We could all use one after this roller coaster........ Fer Sher 1 Link to comment Share on other sites More sharing options...
siberian_shaddow Posted November 14, 2013 Report Share Posted November 14, 2013 (edited) Thanks Easy, I always like listening to Scooter and loved when he use to come on chat he was really cool I liked talking with him he is a down to earth great guy and I always enjoy his knowledge. Go Rv Edited November 14, 2013 by siberian_shaddow 1 Link to comment Share on other sites More sharing options...
jeepguy Posted November 14, 2013 Report Share Posted November 14, 2013 it is a good chat , filled with what I keep seeing -------> everything in 2`s 3 billion dinars , at 2.58. u.s. dollars -- I like to break it down one one at street level ----> 2.58 per dinar against the dollar I might as well go out on that limb ........ 2 Link to comment Share on other sites More sharing options...
waterman13 Posted November 14, 2013 Report Share Posted November 14, 2013 Thanks easy! I miss Scooter. He always said the secondary markets were key to this investment. The truth be told about this particular auction it's open to the public, I would call that a secondary market. So lets pray, their is a demand. I miss Scooter too. When I first got into this I was fascinated by his research, think it was spot on. Wm13 4 Link to comment Share on other sites More sharing options...
easyrider Posted November 14, 2013 Author Report Share Posted November 14, 2013 bump Link to comment Share on other sites More sharing options...
yota691 Posted November 14, 2013 Report Share Posted November 14, 2013 (edited) Multiplier and it's Effects.... lets not forget that....Thanks.. Edited November 14, 2013 by yota691 1 Link to comment Share on other sites More sharing options...
Benelli Posted November 14, 2013 Report Share Posted November 14, 2013 Easy, does scooter post anywhere anymore? Link to comment Share on other sites More sharing options...
easyrider Posted November 14, 2013 Author Report Share Posted November 14, 2013 (edited) Easy, does scooter post anywhere anymore? only place I know ofwhen he showed up again posting was the site that is mentioned at the top of this post. I dont believe he has posted in a while, they had to dig this up from March of this year. Edited November 14, 2013 by easyrider Link to comment Share on other sites More sharing options...
brbrlocke Posted November 14, 2013 Report Share Posted November 14, 2013 Thanks for sharing. Link to comment Share on other sites More sharing options...
Sage449 Posted November 14, 2013 Report Share Posted November 14, 2013 Hey EZ - thank you for the great reminder. I miss Scooter, too - does he still have his website with the really technical investigative work he did/does? It used to boggle the mind it was so deep. 1 Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted November 14, 2013 Report Share Posted November 14, 2013 I am another huge Scooter fan.....I also think we is/was spot on...and his availability to answer questions was awesome. I would easily get confused, but I learned a lot about economy from him. Thanks easy for bringing this over....appreciated. 2 Link to comment Share on other sites More sharing options...
Frangipani Posted November 14, 2013 Report Share Posted November 14, 2013 I'd like to bring this over...a quote from someone, whom in my opinion, is very learned about this investment; "we should be excited about this...because the CBI is clearly doing this to comply with the IMF. If they were not, they simply would continue as they do and not care they are at 3-5% rather than the required 2%. So the fact the the CBI is trying to meet this requirement tells us two things..1. they are doing what the IMF says. and 2. They want to get into Article VIII. Now they just have to see if anyone in Iraq will buy these bonds." 5 Link to comment Share on other sites More sharing options...
millionaire in training Posted November 14, 2013 Report Share Posted November 14, 2013 With all due respect to all..... I've heard so many nice things being said about this Scooter person.But I did'nt have the pleasure of reading his posts .When did he die? And what happened? Other sites talk about him as well. Just curious. Link to comment Share on other sites More sharing options...
TBomb Posted November 14, 2013 Report Share Posted November 14, 2013 He hasn't died..not that I know of..he's just very selective about when and where he "surfaces". lol. Link to comment Share on other sites More sharing options...
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