Monthly Archives: June 2015


Currency Auction Results, 30th June

The Central Bank of Iraq (CBI) has reported that 25 banks and 6 remittance companies took part in its currency auction on Tuesday.

A total of $245,738,928 sold  at a price of 1166 Iraqi Dinars (IQD) per dollar.

LINK

The Big Call For Tues.June 30th-9PM ET

The Big Call for Tuesday June 30,  6/30/15 is at 9PM ET

Kent was released today from the hospital after emergency gall bladder surgery and will be assisting me tonight.

We will discuss the latest about the economic reform occurring throughout the world…  and talk about how to be ready for our exchange. Join us tonight to be part of the discussion. 

Listen Only line:   530-881-1150     

Q&A Line:   559-726-1160    

No access code is needed for either line

Playback number:   (559) 726-1159   access code 123456# 

Link will be given to  Recaps following the call. 

Thank you for posting.

We appreciate Dinar Recaps for the wonderful effort they make.

My Ladies Chat: “Update From Greece- Defaulted Loan to IMF”

Thanks My Ladies For letting us share from your Private Chatroom today

Sager: Greece hasn’t been extended, has it?

PrincessDD:   Looks like they gave them until Sunday

> [Tuesday, June 30, 2015 4:25:46 PM Princess DD]  Greece To Default On IMF Debt As Merkel Rules Out Fresh Negotiations Until After Referendum

http://www.huffingtonpost.co.uk/2015/06/30/greece-certain-to-default_n_7699196.html

This is it. Sunday on the Referendum

There will be no more negotiations with Greece until after Sunday’s referendum, German Chancellor Angela Merkel said on Tuesday, leaving the Mediterranean country certain to default on its debt to the IMF.

But I think they have defaulted even though its not in the news just yet

Sager:  I think these negotiations are aside from the debt owed to imf….I think they still had until 5pm est

MY LADIES:   RIGHT THEY ARE DEFAULTING ON IMF BUT WANT TO TRY TO RESTRUCTURE DEBT WITH EU AND ECB..

AGAIN IT IS JUST PUSH ME PULL YOU…SO NO MATTER WHAT HAPPENS HE CAN SAY TO THE COUNTRY I JUST TRIED EVERYTHING AND THEY WERE MEAN TO ME AND THEY PULLED MY HAIR TOO…LOL..

AW:  Greek banks remain closed for euro crisis ………ATHENS — Greece is waking up to a second day of closed banks as the country prepares to hold a referendum on the terms of an international bailout deal.

Both the Greek government and Eurozone creditors say the door is still open for talks, but neither side has indicated major concessions could be made ahead of a Wednesday expiration date for Greece’s current aid program.

 In an interview with Greek television, Prime Minister Alexis Tsipras urged his country to say no to the terms of an international rescue deal being put to a referendum next week despite Eurozone leaders warning on Monday that a no vote would mean an exit from the euro.

 “The cost is immense. Their plan is not to kick us out, their plan was to end hope that in Europe there can be an alternative policy,” Tsipras said.

 Sandra Gathmann, reporting for Rudaw from Athens, has more on the story in the above video.  .. http://rudaw.net/english/world/300620153

AW:  Read the third paragraph……….the Greek Prime Minister is urging the country to reject the bailout……..WOW…… Socialism at it’s finest hour.

MY LADIES:  RIGHT NOW IT’S THE BEST OPTION FOR THE YOUNG GREEKS…THERE IS NO REAL BUSINESS IN GREECE OR ROOM FOR GROWTH THE WAY IT IS NOW.

THE BEST THING IS TO EXIT AND START AGAIN..

GREECE CAN RAISE THE MONEY EASY ENOUGH…THAT IS NOT THE ISSUE…THEY ARE CHALLENGING THE LEGALITY OF THE DEBT AND THE TERMS

Having mentioned Greece he was asked whether he believes the Greeks have anything to lose, an idea on which he quickly poured cold water:

“I think the Greeks have everything to gain. I think you only have to look at what happened to Iceland back in ’08/9 to see that if a country is in real trouble, as the Icelandics were and Greece is, that actually devaluation, default and then if you put in place some sensible economic policies, actually you can get a country back to growth fairly quickly.


PrincessDD:   And he believes they are being blackmailed and he is refusing to give into blackmail

MY LADIES:  AND THEY ARE BEING BLACK MAILED AND PRESSURED

[5:10 PM] MODELLER52: Greece officially defaults on $2.3b payment to IMF as deadline passes
http://www.9news.com.au/world/2015/07/01/00/05/greece-proposes-two-year-rescue-with-eu

Greece has defaulted on a A$2.3 billion repayment to the International Monetary Fund, as the deadline to accept a bailout package passed this morning.

The country’s failure to repay the €1.5 billion debt makes it the first developed natiion to ever default on a loan from the IMF.


MY LADIES:  THANK YOU GOOD TO HEAR FROM YOU AND AUSTRALIA

MODELLER52: I will keep an eye on what our markets do, but NZ should be open now
MY LADIES:  DOUBLE WHAMMY TO GREECE… IMF MISSED PAYMENT AND EUROZONE BAILOUT EXPIRED AT THE SAME TIME

Greece debt crisis: IMF payment missed as bailout expires

http://www.bbc.com/news/world-europe-33339363

But the ministers said they would discuss a last-minute suggestion from Greece for a new bailout programme.

Greece is the first advanced country to fail to repay a loan to the IMF and is now formally in arrears.

There are fears that this could put Greece at risk of leaving the euro.

With the eurozone bailout expired, Greece no longer has access to billions of euros in funds and could not meet its IMF repayment.


PrincessDD:   Wow so that must have been wishful thinking to give them to Sunday.

MY LADIES:   NO….DIFFERENT ZEBRAS…THE FIRST ONE IS THE IMF, THATS OVER AND DONE DEFAULT

THE SECOND ZEBRA IS THE EUROZONE BAILOUT PACKAGE THEY ALREADY RECEIVED, THEY WANT TO RESTRUCTURE THE TERMS OF THAT…

YOU KNOW LIKE A LOAN MODIFICATION ON YOUR HOME.

IQD NOVA:  NEXT BIG PAYMENT FOR GREECE IS JULY 20th TO THE ECB!!!

PrincessDD:  Is that one they would want to make?  or they just planning to skip that one too?

IQD NOVA:  DONT KNOW. THE 5th WILL TELL US A LOT. IF THEY GO THEN I SAY THEY WILL TELL THE ECB TO EAT SH….. !!! IF THEY STAY DONT KNOW WHAT WILL HAPPEN.

US Commends Peshmerga Forces

Kurdistan Region Prime Minister, Nechirvan Barzani, yesterday received a United States congressional delegation, led by Congressman Rob Wittman.

In the meeting, which was also attended by Kurdistan Region Deputy Prime Minister, Qubad Talabani, Mr. Wittman commended the Kurdistan Region Peshmerga Forces for having been able to repulse the attacks of the Islamic State terrorist organisation, ISIS, as well as their ability and commitment, which he said he observed in the training centres that the delegation has visited.

The issues between the Kurdistan Regional Government, KRG, and Iraq’s Federal Government were discussed in the meeting, highlighting Baghdad’s refusal to honour its agreement with the Region.

The financial burden, which represents the hosting of over 1.7 million refugees and internally displaced people, IDPs, who fled ISIS repression and took refuge in Kurdistan, was also discussed in the meeting.

Prime Minister Barzani expressed the gratitude of the government and people of Kurdistan Region to President Barak Obama, his administration, the congress, the people and the military forces of the United States that have played a significant role in protecting Kurdistan people from the terrorist threats by providing Kurdistan Region with humanitarian and military assistance.

He expressed his hope that this assistance, particularly in the military fields, will continue.

Prime Minister Barzani also urged the delegation to play a role in solving the issues between the Kurdistan Region and Iraq’s Federal Government that could lead Baghdad to honour the agreement, reached last December between the two sides, on oil export and budgetary issues.

LINK

India Lowest Price in Iraq Rice Tender

Reuters reports that the lowest offer in Iraq’s tender to buy at least 30,000 tonnes of rice was $431.50 a tonne c&f free out for rice from India.

No purchase was believed to have been made in the tender which closed on 28th June with offers having to remain valid until 2nd July.

Other lowest offers included:

  • US rice at $589.50 a tonne c&f free out;
  • Brazilian rice at $603 a tonne c&f free out;
  • Uruguayan rice at $632 a tonne c&f free out; and,
  • Argentinian rice at $620.50 a tonne free out.

LINK

Airstrikes Continue Against IS

U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported.

Officials reported details of the latest strikes, which took place between 8 a.m. Sunday and 8 a.m. Monday, local time, noting that assessments of results are based on initial reports.

Airstrikes in Syria

Attack, bomber, fighter and remotely piloted aircraft conducted six airstrikes in Syria:

  • Near Raqqah, an airstrike struck an ISIL tactical unit, destroying an ISIL crane.
  • Near Hasakah, an airstrike had inconclusive results.
  • Near Kobani, four airstrikes struck two ISIL tactical units, destroying eight ISIL boats, three ISIL vehicles, two ISIL bunkers, an ISIL fighting position and an ISIL mortar system.

Airstrikes in Iraq

Attack, bomber and fighter aircraft conducted 17 airstrikes in Iraq, approved by the Iraqi Ministry of Defense:

  • Near Beiji, two airstrikes struck an ISIL tactical unit and land features denying ISIL a tactical advantage, destroying an ISIL vehicle.
  • Near Habbaniyah, two airstrikes struck an ISIL logistics compound and an ISIL staging area.
  • Near Haditha, an airstrike struck an ISIL large tactical unit.
  • Near Makhmur, two airstrikes struck two ISIL tactical units, destroying an ISIL building and an ISIL heavy machine gun.
  • Near Mosul, two airstrikes struck two ISIL tactical units, destroying an ISIL building and an ISIL vehicle.
  • Near Sinjar, three airstrikes struck three ISIL tactical units and three ISIL heavy machine guns, destroying four ISIL buildings.
  • Near Tal Afar, five airstrikes struck four ISIL tactical units and three ISIL bunkers, and also struck land features to deny ISIL a tactical advantage. Two ISIL mortar firing positions, an ISIL heavy machine gun and an ISIL vehicle were destroyed.

Part of Operation Inherent Resolve

The strikes were conducted as part of Operation Inherent Resolve, the operation to eliminate the ISIL terrorist group and the threat they pose to Iraq, Syria, the region, and the wider international community.

The destruction of ISIL targets in Syria and Iraq further limits the terrorist group’s ability to project terror and conduct operations, officials said.

Coalition nations conducting airstrikes in Iraq include the United States, Australia, Belgium, Canada, Denmark, France, Jordan, the Netherlands and the United Kingdom.

Coalition nations conducting airstrikes in Syria include the United States, Bahrain, Canada, Jordan, Saudi Arabia and the United Arab Emirates.

LINK

IRAQI NEWS:Iraq raises OPEC production to the highest level in three years, 30 JUNE

6-30-15 Iraqi News: Iraq raises OPEC production to the highest level in three years.A survey conducted by Reuters news agency revealed that OPEC oil supply increased in June to its highest level in three years thanks to a “near-record” production of Iraq and Saudi Arabia.Reuters said in a report followed by IraqiNews.com: “the supply of OPEC oil supply in the month of June rose to its highest