Iranian Rial

[Freedomwish]

6 hours ago, millionaire in training said:

This is all excellent news.  As our friend here on the DV site would say ( Laid Back )

Go Iran

Go single rate

Go 1-1

Go October

Go Screwball

                    

HAHAHAHAAAAA!! Good one MIT!! 

I just can't see how the Rial would come out to be even below .50 cents, I'm seeing it coming out the gate at 1 to 1!!  Too much is happening and everyone is getting their hands in the pot!!  So yeah, GO 1 to 1!!!!!! 

Keeping the faith!! 

[BUSHMAN]

Would someone like to see 40 ?

[BUSHMAN]

OK how  about 60 

[screwball]

It's all very helpful...

[screwball]

ran is in talks with Canadian flag carrier Air Canada to establish a direct flight between Montreal and Tehran’s Imam Khomeini International Airport, an IKIA board member said.

“Negotiations are underway with Air India, Korean Airline and Air Canada to establish new flights to Imam Khomeini Airport,” IRNA also quoted Kourosh Fattahi.

Fattahi was speaking during a ceremony to launch Thai Airways’ first direct flight to the Islamic Republic on Saturday.

Currently, Iranian passengers willing to travel to Canada by air usually fly to European hubs like Frankfurt Airport before heading for Canadian cities such as Montreal.

The official did not elaborate on details of the negotiations with the Canadian airline, which is the largest airline of that country. But, if established, this will be a major development in ties with the North American country that has little diplomatic and trade relations with Iran.

In February, Canada officially lifted some of its sanctions against Iran, including a blanket ban on imports and exports, and said it would take gradual steps to reestablish diplomatic relations with Tehran, which were severed in 2012.

Foreign Minister Stephane Dion said restrictions on financial services and trade with Iran would be eased, better positioning Canadian companies to compete globally.

Dion said a number of Canadian sectors would benefit from the move, including the aerospace, transport, agriculture, extraction, petrochemical and oil and gas industries. The US and European Union both eased sanctions against Iran on January 15, after Tehran implemented key restrictions in its nuclear program.

Canada’s exports to Iran peaked at $556 million in 1997 but declined to $48 million in 2014, comprising mostly food products that were exempt from sanctions.

Iran exported $19.8 million worth of goods to Canada in the last Iranian year (March 2015-16), recording a 23% increase over the previous year. Last year’s imports from the country stood at $64.8 million, dropping 29% over the preceding year, according to the Islamic Republic of Iran Customs Administration.

The latest trade data show bilateral trade is on the growth path.

The Islamic Republic exported some 2,400 tons of non-oil goods, including pistachios, dates and carpets, worth $6.2 million to Canada in the first four months of the current Iranian year (started March 20), which indicates a 77% growth over the similar period of a year before.

Also, during the period, more than 6,000 tons of goods, including beans, fertilizers, pharmaceuticals and medical equipment, valued at $18.8 million were imported from the country, posting a 46% year-on-year rise.

Canadian companies complain they are lagging behind in competition with other international businesses, which rushed to Iran after Tehran clinched a landmark deal with world powers to resolve its nuclear dispute in July 2015.

The aviation sector is one of the fields the Canadian government hopes it will benefit from in the opened-up Iranian economy.

Montreal-based plane manufacturer Bombardier Inc. is keen to join other aircraft-manufacturing brands to supply planes to renovate Iran’s aging civil aircraft fleet.

Iran Civil Aviation Organization has said the country needs more than 500 planes during the next decade to meet its pent-up demand.

After the relaxation of international embargoes, French planemaker Airbus, US aircraft giant Boeing and French-Italian manufacture of regional jets ART have clinched deals to sell a total of some 250 jetliners to Iran.

Negotiations with Air Canada come, as many European companies have already launched direct flights to Tehran.

“Currently, 56 international airline companies operate flights to IKIA. Airlines operate flights from the airport to 70 overseas destinations,” Fattahi said during the Saturday ceremony.

  Thai Airways Lands in Tehran

Thai Airways’ newly-launched flight was the latest in the cards. The airline’s plane landed in Tehran at 19:00 p.m. on Saturday.

The flag carrier’s launch of four flights per week is projected to double the number of Iranian arrivals to Thailand this year to nearly 200,000 and multiply Thai visitors to the Islamic Republic, currently numbering in the thousands.

Iranian visitors to Thailand grew by 20% to 88,000 last year, a figure that was set to grow to 120,000 this year prior to THAI’s decision to launch its Tehran service.

“We should see a surge in traffic volume this year, as Bangkok and Tehran are better connected,” said Sunanta Wuthisakul, chief executive of Thai Orchid Tour and Holiday Company, a Bangkok-based travel agent that has long specialized in arranging tours to Iran.

The presence of THAI, a well-established airline with a good international image and safety track record, is set to encourage greater travel on both ends, she told the Bangkok Post.

THAI is providing a third option for non-stop flights between the Thai and Iranian capital, joining long-haul low-cost carrier Thai AirAsia X (TAAX) and Tehran-based Mahan Airlines, whose safety and service images are perceived as falling below international standards.

The airline is operating a Boeing 777-200 jet configured with 309 seats on the route, adding a sizable increase in capacity.

TAAX, which started offering non-stop Tehran service on June 22 with three flights a week, operates an Airbus 330-300 with 370 seats on the route.

Mahan Air alternates between a single-aisle Airbus 310-300 (202 seats) and a wide-body Airbus 340-300 (215 seats), with four flights per week.

The lifting of sanctions against Iran in January has turned Tehran into a new economic frontier and an emerging tourism market, thus catching the attention of international airlines.

Early September, British Airways resumed direct flights to Tehran—the first UK carrier to fly to Iran in four years. Six return flights per week now operate between London’s Heathrow and Tehran, which BA described as “an important destination”.

KLM has also said it will resume service to Tehran from October 30. Tehran will be the 14th new destination the flag carrier airline of the Netherlands has added to its network in 2016. Four weekly services will be operated between Schiphol and Tehran, supplementing the Paris-Tehran service operated by Air France since April 16, 2016, after a seven-year hiatus.

Austria’s national carrier Austrian Airlines also started flying three times a week to the Iranian commercial center of Isfahan on September 4. The airline operates an Airbus A320 to the famous Iranian tourist hub located 4,200 kilometers from Vienna on Wednesdays, Fridays and Sundays.

Austrian Airlines has expanded its existing portfolio of up to 14 weekly flights to Tehran by adding Isfahan, thus increasing its services to Iran to 17 flights each week.

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The Central Bank of Iran is trying to link domestic bank cards with neighboring countries, “as a part of the banking sector’s plans to help promote the tourism industry in Iran,” said CBI governor, Valiollah Seif on Sunday.

“Talks are underway with Azerbaijan, Russia, Pakistan and Iraq, and grounds will soon be paved for connecting payment networks with the four countries,” CBI website quoted him as saying during the International Conference on Investments in Tourism in Tehran.

The central bank is negotiating with companies in Japan, China, Russia and some European country to make it possible for Iranians to access international payment networks.

Following the lifting of sanctions in January, the CBI started talks with Japan’s JCB (Japan Credit Bureau) and China’s CUP (China Union Pay) to provide bank cards to Iranian customers.

“Such moves would pave the grounds for boosting tourism, as one of the most efficient industries in the country,” he added.

 “I believe the tourism industry is attractive for foreign investors, after the oil and automotive industries,” he said, “We expect the tourism industry to make a larger contribution to GDP growth over 10 years.”

The International Tourism Council has predicted 4% growth in Iran’s tourism industry, Seif said, “Iran would be able to attract 370 million foreign tourists by 2026.”

He called on investors to look favorably at the emerging tourism industry in Iran. “It will help create more job opportunities.”

Last week, President Hassan Rouhani said developing the tourism sector is on the government agenda and is seen as crucial to his plans for reviving the ailing economy, particularly by helping tackle high unemployment.

After the signing of the historic nuclear accord with the six major powers last July, which was formally implemented in January, Iran has seen a modest increase in inbound tourism.

An increasing number of international airlines are offering regular flights to Iran and many countries that previously warned against all but essential travel to Iran, are either scrapping or relaxing their warnings, such as France, Australia and Britain.

According to an earlier report by The New York Times, the lifting of sanctions on Iran has resulted in a surge of bookings, tour operators say.

Banks’ support

Seif  referred to improvements in relations with foreign banks in recent months and said, “It would help us access foreign exchange resources and attract foreign investments.”

“We expect further improvement in banking relations with the world. It would allow us to transact money more easily.”

Noting that the CBI is taking measures toward the long-awaited single currency rates, Seif said, “At the moment market rates are used in handling foreign investments.”

Earlier in July, the CBI allowed commercial banks to trade in the parallel foreign exchange market, as part of the initiative to scrap the dual exchange rates and move toward a floating currency regime.    

Iran was forced to revert to the controversial double exchange rate regime after nuclear-related sanctions unleashed turmoil in the forex market in 2011-12 in which the national currency lost almost 70% of its value within days.

Seif noted that regulations allow the National Development Fund of Iran to finance tourism industry. NDFI resources are offered at lower interest rates.

Improving Stability

Elaborating on measures taken for attracting foreign investments, Seif said, “The surge in the inflation rate has started to slow down and stands at 8.8%.”

He billed the lower inflation as a "considerable achievement for us."

“We also managed to lower fluctuations in the forex markets,” Seif said.

Iran registered 3% economic growth during the previous fiscal year that ended in March, according to the central banker, “We expect the growth to reach 5% this year.”

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[screwball]

The Central Bank of Iran is studying eight new measures to strengthen its supervision over the banking system, CBI’s deputy for supervisory affairs announced on Sunday.   

“The measures include operational risk management (ORM), asset quality review, assessing the profitability of banks and their corporate governance as well as transparency.”

He stressed that by implementing these measures “it is expected that the stability and health of the banking system would improve.”

Farshad Heydari, who has pursued the bank ratings scheme since taking his new job in May, reiterated that new supervisory measures will be introduced by the end of the month to regulate banks. These measures too, he says, will make competition between the banks “logical” and “prevent unhealthy competition.”

In early September, Heydari had announced that the rating process for Iranian banks would commence in late October and lenders will be classified into four groups, namely “without visible risk”, “low-risk”, “average risk” and “high risk”. Later, he said the ratings would not be made public.

The official added that the regulator in a bid to foster healthy competition among lenders, is about to set a cap on the amount of “resources and deposits” banks will be able to absorb.

“By setting a cap on the amount of deposits bank can absorb, the CBI is trying to create a healthy and competitive ambience between the lenders,” Heydari was quoted as saying by banker.ir.

As part of their unending pursuit to lure savings, Iranian banks have for long been caught up in a race to provide bigger incentives to customers. Offering high returns on deposits has been the single most common tactic employed by banks in recent decades. The rivalry is further complicated by the activities of unruly but powerful credit institutions unrestrained by CBI regulations and promising sky-high interest on deposits.

 Proportionality Factor

“It is important to determine just how much a bank is allowed to keep in the form of deposits, offer loans based on that and subsequently create new assets,” he said. “The amount of absorbed deposits must be proportional to the equity, size of the bank, how long it has been around, as well as the technical ability and the efficiency of its staff.”

When the deposit cap is in place and finally communicated, no bank will be allowed to accept deposits beyond the ceiling, which according to the official will create a backdrop within which “law-abiding banks” will be able to compete.

Heydari added that any bank that tries to attract resources by violating the interest rate cap set by the Money and Credit Council will be prosecuted. “Therefore it is in the interest of the banks to stick to the approved rates and operate within the confines of the devised deposit cap.”

 Less Risk

In his latest remarks, a former governor of the CBI also pointed to the central bank’s new plan to curb unhealthy competition among banks, noting its positive aspects.

“With the implementation of this plan, the banks will face fewer risks and find that their duties have been made simpler,” Tahmasb Mazaheri said in a talk with the Persian-language newspaper Farhikhtegan, banker.ir reported.

He believes the CBI is capable of devising a cap not just for the deposits but also for the amount of loans bank can or should offer. The scheme can be good for interest rates and “even prove to be helpful in reforming and improving the management of banks.”

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NIOPDC to Implement Postponed Jet Fuel Payment Method

 

The National Iranian Oil Products Distribution Company said it will implement its previously postponed method for domestic airlines’ jet fuel payment as of October 22.

IRNA quoted NIOPDC CEO Akhtar Esmaeilian as saying on Wednesday that airlines were bound to pay their overdue annual debt by September 21, but so far they have failed do so.

As of August 22, airlines were obliged to start paying for their fuel by wiring the cost of each refill to the bank accounts of the NIOPDC using ATM or POS machines. The plan was supposed to start at six airports to be later implemented at all airports across the country by mid-September.

The implementation of the plan, however, was later halted “until further notice pending further studies”, according to the secretary of the Association of Iranian Airlines, Maqsoud As’adi Samani.

So far, Iranian airlines have been paying for jet fuel on credit, settling their debts with NIOPDC every 10-15 days. NIOPDC’s move to change the payment system unleashed strong opposition among airlines as well as officials of the Iran Civil Aviation Organization.

In November 2015, NIOPDC put the amount of airlines’ overdue debts at 10 trillion rials ($282 million), but the AIA claims that as of March 20, all airlines, except one, had settled their burgeoning debts

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Monday, October 03, 2016

Omani Lender, Bank Sina Forge Ties 

 

Bank Muscat has opened accounts for Iran’s Sina Bank, which allows the lender to open credit lines and offer bank guarantees in euro and the Omani rial. The two banks also agreed to start collaboration in financing Iranian and Omani traders, the bank’s website reported on Sunday. Officials from Sina visited Oman last week where they clinched primary agreements for expanding ties with Bank Nazwa. Earlier this month, Sina said it will open a branch in Munich, Germany, by August 2017. Bank Muscat appears to be one of the first foreign financial firms to establish a presence in Tehran since the international sanctions, imposed over Tehran’s nuclear program were lifted in January. The bank has received regulatory approval to open a representative office in Iran.

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Iran’s tourism authority has announced a scheme to subsidize travel for select destinations to help promote domestic tourism.

Masoud Soltanifar, the head of Iran’s Cultural Heritage, Handicrafts and Tourism Organization, said on Saturday his office will shoulder 20% of the costs of a tour per person to less visited locations across the country.

The ICHHTO’s scheme, introduced in May by tourism officials to encourage people to visit off-the-radar destinations, has received a mixed reception.

While at first the term “travel subsidy” misled people into believing they would receive a payment to travel, it was later clarified that the subsidy would be paid to travel agencies conducting tours to those locations.

These destinations include the provinces of Kerman, Kermanshah, Kurdestan, Lorestan, South Khorasan, Sistan-Baluchestan and Hormozgan.

  The Good

The scheme, the officials argue, will encourage more people to travel and help bring much needed cash to areas whose economies are in dire straits. Tourism creates jobs, which will boost the local economies and improve the quality of life of their residents.

According to the most recent figures released by the Statistical Center of Iran, 46% of Iranians did not travel this summer for a variety of reasons, including low purchasing power.

Subsidizing travel can no doubt help reduce that figure, as most families opt not to travel simply because it takes a toll on their coffers.

 The Bad

In theory, the scheme appears to be an admirable attempt by tourism officials to oil the wheels of the country’s budding tourism sector. However, some have questioned the efficacy of the plan.

Critics point to the chronic lack of infrastructure in selected destinations and high hotel prices, arguing that if people aren’t satisfied with their trip, word of mouth will ensure the scheme becomes yet another failed attempt to develop tourism.

Iran’s top holiday destinations, including Isfahan, Shiraz, Kish and Qeshm, suffer from a lack of adequate and affordable lodging facilities. If popular destinations cannot keep pace with the growing tourist demand, there is no doubt that isolated destinations will have a more difficult task coping with an influx of tourists.

While it is true that tourism officials are pushing ahead with plans to build more hotels, critics say they are only concerned about four- and five-star establishments used only by the wealthy. The officials deserve to get the benefit of doubt to see what places are prioritized by their designated travel agencies.

The critics argue that the travel subsidy should instead be used to develop infrastructure and offer loans to tourism projects, which will increase traveling options and cater to the needs of a wider cross-section of people.

However, that’s a totally different ball game to be played over a long-term framework. Should people wait until such projects pass through the bureaucratic labyrinth to see the light of day?

Something needs to be done now to help people escape their daily drudgery and allow some fresh air and green vistas into their lives. Any small step in that direction should be welcomed.

 

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[screwball]

Subsidised travel? Never heard of that before!

[Freedomwish]

30 minutes ago, screwball said:

Subsidised travel? Never heard of that before!

Sounds like they're gonna' work hard and putting focus onto the tourism industry, which indeed has the potential to bring in big bucks for the country and as well, increase employment opportunities for the locals there..hope they succeed!! 

Edited October 3, 2016 by Freedomwish

[screwball]

Tourist comes credit cards! They need it to be a worldwide currency and it needs to be on forex with single rate! 

[screwball]

 

Monday, April 11, 2016

Opportune Time for Single Currency Rate

 

Now it is the most opportune time for the unification of foreign exchange rates – a measure crucial for improving the struggling economy and moving forward, a former official of the central bank says.

“The first half of the current fiscal year (started March 20) is apparently favorable for unifying currency rates because most businesses and importers are already conducting their trade at the market rate,” Heidar Mostakhdemin Hosseini was quoted as saying by bankemardom.com

Highlighting the need and benefits of a unified forex regime, he said ‘’Allocating subsidized hard currency to a limited line of manufactures and  products in essence gives rise to rent-seeking and corruption.

So, in order to expand and improve economic opportunities in the aftermath of the implementation of the nuclear deal, a floating exchange rate system is without doubt crucial to avoid economic problems (in the future).”

Since 2014 the government and the Central Bank of Iran have cleared the way for the unification of forex rates by limiting the allocation of foreign currency at official rates to less than 10 categories of imported goods,” he said.

On the future of forex rates, he said, “We are just at the beginning of the new fiscal year and it is not possible to make precise forecasts.

However, it can be said with a fair degree of certainty that currency rates will not decline any further.”

In Sunday’s trade, the US dollar was sold for 34,850 rials in Tehran, a 0.09% or 30 rials increase compared to the previous day.  The euro was up by 0.4% and bought 39,760 rials.

 

[screwball]

Let's keep to the first half! 

[screwball]

3 hours ago, BUSHMAN said:

OK how  about 60 

What ever rate you want it to be is fine with me!

[screwball]

Iran is looking to link bank cards with Iraq
Ali Abdul Salman 44[ltr]  02/10/2016[/ltr]







 

Governor of the Central Bank of Iran announced Waliullah sword, he has been getting positive results regarding the establishment of bank cards to local banks negotiations with Pakistan, Azerbaijan and Iraq. 
He explained sword at the International Investment Forum Iran 's tourism sector released his works on Sunday in Tehran, that there is a forward - looking vision favorable regarding facilities for foreign tourists and that the central bank conducted negotiations on theJapanese, Chinese, Russian and international cards, and it 's in the process of final results. on 
the other hand between the Governor of the Central Bank of Iran that the banking ties have evolved since January, and that the exchange rate policy pay trend gradually toward unifying the price the official exchange rate with the market. 
He said that the unification of the foreign currency exchange rate, will be achieved until March 20 / March 2017

 

http://burathanews.com/arabic/economic/302140

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Print Version | Send To Friend

 

Iran-Germany trade meeting opens in Tehran

Tehran, Oct 3, IRNA - Iran-Germany trade meeting opened in Iran Chamber of Commerce, Industries, Mines and Agriculture here on Monday.

 

German Minister for Economic Affairs and Energy Sigmar Gabriel heading a 160-economic delegation is also attending the meeting. 

Over 40 reporters, photojournalists and cameramen are accompanying the German delegation. 

Following the gathering, several separate meetings and expert panels will be held in Iran Chamber of Commerce, Industries, Mines and Agriculture.

Germany was Iran's major trade partner before the latter was sanctioned by big powers for its peaceful nuclear program.

However, after sanctions were lifted in January 2016 following the landmark nuclear deal between Iran and six world powers, Germany was the first European country that headed for Iran.
9060**1424

 

160 trade delegation.....that's a lot!

[screwball]

http://www.irna.ir/en/News/82252053/

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News ID: 3785654 - Mon 3 October 2016 - 09:23

Economy

TEHRAN, Oct. 03 (MNA) – An official at NIOC said Iran has begun crude sales to British companies as the first one-million-barrel shipment was delivered to British Petroleum.

Seyyed Mohsen Ghamsari touched upon resumption of oil exports to British firms in the post-JCPOA era saying “so far, two crude oil and gas condensate cargos have been sold to two companies in the UK.”

Executive director for international affairs at National Iranian Oil Company (NIOC) emphasized that the two cargos have been exported to Britain under single-shipment contracts; “negotiations are still in progress with companies like Shell or BP to ink long-term oil sale agreements.”

The official further stressed that a single cargo of gas condensate has been recently sold to BP asserting “under the spot contract, one million barrels of Iranian gas condensate were delivered to the British company.”

“Talks have also begun with Royal Dutch Shell Oil industry company over long-term sales of crude oil though no final agreement has been reached yet,” stated Ghamsari.

He recalled that mechanism and volume of oil sales within long-term deals are still being negotiated with Shell; “NIOC will continue negotiations with the British firm in order to finalize the contracts.”

In July, Shell imported 130,000 tons of Iranian crude from Kharg Island on 8 July to continental Europe with the destination being Rotterdam of the Netherlands.

Iran’s NIOC had earlier subjected new orders by Shell to clearing its debts for previous purchases and it was in April that the Iranian company confirmed clearance of the 2.8-billion-dollar debt by the Anglo-Dutch company.

Earlier this year, Ghamsari had maintained that Shell owns refineries or shares of refineries in various world countries adding “the possibility exists for Shell to transfer a portion of the purchased crude to Germany.”

 

HA/3785260

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Sunday, May 08, 2016

The Single Rate Struggle

 

Ending the dual exchange rate regime is a professed priority of the Central Bank of Iran. Ever since the landmark nuclear deal was sealed between Iran and the six world powers, the CBI has often said that it wants and will strive for a single foreign exchange rate. Morteza Allahdad, a former head of Iran’s Banking Institution talked about the subject with the Persian-language weekly Tejarat-e-Farda, Financial Tribune’s sister publication.

“The CBI should first carefully assess its foreign currency reserves and demand cycles that will arise in the wake of a rate unification, before going ahead with the (single rate) decision,” he said.

Pointing to the CBI governor’s recent comments in the US about Iran not having full access to its foreign currency assets yet, the analyst said “The CBI had counted on the unfrozen assets as a precursor to unifying the rates, which apparently have not yet materialized.”

Another key factor influencing forex rates is oil revenues, he added. A look at currency rates in Iran over the years shows that when oil revenues are high the government has been able to unify rates, he told the economic journal.

“In times of low oil prices, a parallel and unofficial currency market emerges. In this market, forex rates are higher than the official market and it usually due to rent-seeking and speculative activities,” he explained. Double rates are breeding grounds for rent-seeking for those businesses and companies that have access to official, subsidized dollars, the former banking official stressed.

A floating exchange rate system was established during the tenure of former president Mohammad Khatami (1997-2005) following, but was suspended by his successor Mahmoud Ahmadinejad in 2011.

“Diversifying exports and finding foreign markets for domestically-manufactured goods can help replenish foreign exchange reserves and help in unifying exchange rates.”

  Role of OSF

Allahdad pointed to the role of the Oil Stabilization Fund as a mechanism to help reduce forex market swings caused by fluxes in oil revenues. He, however, criticized the previous government for “unreasonable” withdrawal of money from the sovereign fund.

“The measures by the previous government disabled the proper functioning of the fund and it could not help control fluctuations in the forex market. As a result currency rates soared” to the highest levels in contemporary Iranian history and have stayed there for almost five years.

The national currency, the rial, lost almost 70% of its value in 2012. The rial is currently traded at two rates with one decided by the CBI and the other set by money changers.

Allahdad dodged the issue of what would be a “reasonable” rate in a unified system. Without giving any specific figure, he sufficed by dismissing claims that the current forex rates in the free market should be lowered and come close to the official rates.

“Forex rates should be set in tandem with two factors: first, in accordance with the domestic inflation rate, and second in line with inflation rates of countries doing business with Iran,” he said.

The CBI should first prepare the ground for unifying rates and refrain from announcing a specific time for the move, the journal quoted him as saying. “The CBI should not announce a date for the single rate or make promises on which it cannot deliver. This tarnishes the regulating body’s reputation.”

 

old article cle not posted 

 

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Single Currency Rate Deserves Priority - IRANCybpedia, IRANian Culture, Literature & Art

en.cybpedia.com › Finantial Tribune

Jun 10, 2016 - The foreign exchange market is one sector of the Iranian economy almost always affected by ... have said they intend to introduce a “floating,” yet “managed” exchange rate regime by October.

 

can any one find the source of this article...

[pokerplayer]

16 hours ago, screwball said:

I am all in for .30

 

You and me both !! Juggling many scenario's around I continuously reach a conclusion of .20-.30 per Riel. Mind you I only see a positive side as that is what I (we) want, but still don't see any way we can lose.

   pp

[pokerplayer]

10 hours ago, Freedomwish said:

Sounds like they're gonna' work hard and putting focus onto the tourism industry, which indeed has the potential to bring in big bucks for the country and as well, increase employment opportunities for the locals there..hope they succeed!! 

 

Great thinking FW !! Looks like they are trying to forge many opportunities in various Industries that had the door closed many years ago.

   pp

[screwball]

11 hours ago, pokerplayer said:

 

You and me both !! Juggling many scenario's around I continuously reach a conclusion of .20-.30 per Riel. Mind you I only see a positive side as that is what I (we) want, but still don't see any way we can lose.

   pp

No way we can.....at any rate greater than .10 we are winners!