Category: Foreign Exchange

US dollar opens steady at 8.16 pesos

US dollar opens steady at 8.16 pesos

Buenos Aires Herald1 hour ago

The US dollar trades unchanged at Buenos Aires City banks and foreign exchange offices at 8.16 pesos. Grain exporters liquidated 758.47 million dollars in the past week, a 60 per cent more than they did in the same period last year, totalling 13,864.27 …

Millionday Monday Roundtable Part 2

Millionday Roundtable 7/7/14  Part 2

    Welcome Monday  Roundtable With Millionday!

    [millionday] THIS IS A GREAT START — THE SERVICE THEY OFFER

    [millionday] Credit and Debit Cards Warka Bank for Investment and Finance has the privilege to be one of the principle members in the MasterCard corporation which entitles our bank’s card holders to use the Mastercard facilities all over the world through MasterCard world wide network.

Our customers can withdraw cash and spend money wherever and whenever they want. Moreover, Warka Bank for Investment and Finance’s credit cards are extended to be used in over 350 ATMs and and 10,000 points of sale (POS) in IRAQ Credit Master card

This type of cards enables the cardholder to withdraw or purchase an amount and pay a part of it each month. There is three types of it, – Silver – Gold – Platinum

    [disciple7] Timmy u have to update ur passwords once a year
~~~

     [millionday] SO THEY HAVE CREDIT AND ALSO DEBIT THAT CAN BE USED ALL OVER THE WORLD WHEN THEY FORMALLY RELEASE THEM — CBI ANNOUNCED TODAY THAT THEY ARE LIFTING THEIR GUARDIANSHIP

    [fishheads] Effective when?

    [millionday] Midrar Local Cards–This is a debit card connected to your account and used for cash withdrawal through all Warka bank ATMs in . This debit card can be also used in purchasing in all shop centers that have Point of Sale (P.O.S).

    [millionday] HERE IS MORE SERVICES — DONT MISS A WORD AND THANK YOU FOR RESPECTING ME

    [millionday] Warka Bank for Investment and Finance implements the S.W.I.F.T system that guarantees advanced, rapid, secure and accurate money transfers through the international banking network.

Whether you’re sending money abroad or receiving money, Warka Bank for Investment and Finance ensures your money transfer is conducted successfully using its worldwide correspondent bank network.

    [millionday] SMILE  –  HOLD ON TO YOUR HAT FOR THE REST — REMEMBER IF YOU PASS OUT — YOU MADE ME DO IT  –  HOLD ON TO END

    [millionday] Stocks & Investment Warka Bank for Investment and Finance’s team of expert brokers handle your stocks portfolio and manage your investments to success.

Our brokers, with years of experience in the Iraq Stock Exchange and international investment channels, ensure that your portfolio grows with maximum security and minimal risk.

    [millionday] NOTE — NOW OF COURSE THIS IS ABSOLUTELY HUGE HUGE IN WHY THIS IS IMPORTANT AND SPELLS OUT HUGE HUGE REASONS WHY YOU SHOULD STILL BE HOLDING ON TO YOUR CHAIR

    [millionday] Foreign Currency Exchange Warka Bank for Investment and Finance offers you the chance to buy and sell different currencies for investment purposes. Our expert foreign exchange team advises you on the best course of action for increased profits and sustained investments.

    [millionday] NOTE — THE NATIONAL CURRENCY WOULD HAVE TO BE INTERNATIONALLY RECOGNIZED FOR YOU TO DO THIS IN IRAQ

    [millionday] Personal Loans Warka Bank for Investment and Finance’s personal loans enable you to finance your personal needs, be it purchases, vacations or property with an easy installments system and competitive interest rates.

Personal Loan Features: The loan depends on collateral provided. Tenor up to 1 year Competitive interest rates Required documents: National ID Ration Card Certificate of Citizenship Residence Card

    [millionday] NOTE — FOR ALL COUNTRIES WORLD WIDE

    [millionday] To be in positive pace, progress and development with the enduring Iraqi economic conditions and our strong belief that we are all fine partners in steering the good Iraqi Economy, Warka Bank for Investment and finance through its 130 branches distributed throughout Iraq, offers the sale of consumer products in installments where this service is considered the most important motion in steering the National Economy for all countries worldwide.

Selling consumer products in installments provides citizens and consumers the flexible convenient measures for purchasing goods, at anytime in long or short periods, the period of which the citizens personally sets in accordance with the availability of their monthly income.

This unique service offers several incentives and encouragements: The availability of all kinds of electrical household products All the electrical products and appliances are guaranteed and backed by this guarantee The installment coverage is suitable for all members of the community and

    [millionday] well meets their needs. Cover your installments with no interest and zero fees Easy simple procedures where goods are handed on spot The purchasing facility covers the opportunity to buy goods 3 times the monthly income.

Covering your installments on time gives you the opportunity to participate in purchasing new further products. This service is in compliance with the conditions set by the bank as below: A guarantor is required A clear colored valid copy( Iraqi National id Card, , Resident Card, Ration Card) for buyer and guarantor

    [millionday] NOTE — ALL INTERNATIONAL BRANCHES ARE CORRESPONDING BANKS FOR NATIONAL BANKING —- NOT LOCAL BANKS — (SWIFT CODING )

    [millionday] Warka Bank for Investment and Finance’s team of experts handles your trade finance services from A-Z. From import and export letters of credit, letters of guarantee to documentary collections. Warka Bank for Investment and Finance’s established correspondent banking relationships ensure you receive top quality and rapid trade finance services wherever you are in Iraq.

Documentary letters of Credit: Financing Exports by confirming and advising incoming letters of credit.

Issuing L/C’s through our large worldwide network of corresponding banks. Guarantees: Issuing bid bonds, advance payment bonds and performance bonds, in addition to be able to recieve counter guarantees from international banks. Documentary Collections: Prompt payments for incoming collections and collecting payments on behalf of the exporters.

    [millionday] I SHOULD SAY IT IS NOT UNCOMMON

    [millionday] E-BANKING

    [millionday] WHICH CAN ONLY BE DONE IF THEY ARE INTERNATIONALLY RECOGNIZED IN MY OPINION

    [millionday] Internet-Banking Warka Bank for Investment and Finance provides you with an easy, secure method to manage your money online.

Our internet banking services fac… SMS Banking Warka Bank for Investment and Finance provides you with an instant, easy method to access your bank account wherever, whenever you are utilizing tw… Phone Banking With Warka Bank for Investment and Finance,

you can perform your banking operations via your telephone you can access: Balance Services … E-Trading Warka Bank for Investment and Finance is the first bank in Iraq to offer electronic trading services. With the e-trading service, you can buy, sell… EJABY & ESAL With Warka Bank for Investment and Finance, you can now utilize the EJABY system to pay your domestic bills at the Bank’s counters and online…

    [millionday] SO NOW THAT WE HAVE SEEN HOW MASSIVE THE CHANGE WILL BE TO HAVE WARKA IN CONTROL AND RELEASED FROM GUARDIANSHIP — WE SHOULD BE EXCITED

    [millionday] IN FACT WE SHOULD HAVE WHITE KNUCKLES  YOU MAY NOW GET OFF YOUR HANDS  WHOOOPOW

    [ernier] Sorry, but they were doing all this before and there was no internationally traded currency in Iraq. It looks like business as usual or before they shut down and shows me nothing about Iraq specifically either having or needing to have a reality rate or internationally recognized currency for this to happen.

 Am I missing something?? ebanking and other services offered may be for all of Warka and not all is intended specifically for Iraq. Not that exciting for me.

    [sheila3] millionday lol

    [lstar877] WHOOOOPOWWW!! I have white knuckles!

    [millionday] SORRY BUT FOR TWO YEARS THEY HAVE BEEN UNDER GUARDIANSHIP

    [risk] millionday ..Does the politics matter to you

    [millionday] I DISAGREE WITH YOU

    [lstar877] Ernier guardianship was just lifted today!!!

    [millionday] THE REASON BEING IS THAT EVEN THE CITIZENS OF IRAQ COULD NOT GET THEIR MONEY

    [millionday] ALL THE MONEY THEY HAD IN WARKA COULD NOT BE REMOVED

    [millionday] AND MANY HERE HAD THE SAME PROBLEM

    [ernier] I understand, but the bank was there prior to them going into guardianship – what is different for Iraq specifically now

    [Baldeagle] So you are saying they can get their money now.

    [Baxter1243] So if it was lifted today… that means they are international now?

    [lstar877] Ernier I disagree with you too. They did not have MasterCard and ebanking linked to the world!

    [fishheads] When doe this go into EFFECT?

    [lstar877] Today!!!!!

    [jtank] ernier–all these services stated thru out the world BEFORE?–really

    Dego] the final lifting of the Guardianship is great news indeed…now we just need an RV.:} :}

    [awesomedtl] are the meetings going on for tomorrow also?? I so got in late,,,,, I hear they are postponed till 12th of aug is that true

    [ernier] lstar877 no but that could be just Warka talking about their services in general all over the world, not specifically Iraq. That is the point I am making. Wondering how this may be different.

    [millionday] risk YES IT DOES MATTER TO ME AND I TELL YOU WHY –STABILITY IS VERY IMPORTANT WITH WHAT IRAQ IS DOING WITH INTERNATIONAL TRADE — AND THE GOV IN PLACE MATTERS — HOWEVER —CBI IS INDEPENDENT

    [Dego] jtank yes they did offer that before..

    .

    [millionday] THE GUARDIANSHIP WAS NOT LIFTED TODAY

    [jtank] MD -rumors today are that they are pushing forward tomorrows gov meeting?

    [risk] millionday thx

    [10x] Paperwork needs to be completed…When they lift the guardianship, they are going to have to have a currency of some value other than what it is today… RV is on the horizon and the timing of this event is everything

    [millionday] CBI ANNOUNCED THAT THEY ARE LIFTING THEIR GUARDIANSHIP AS SOON AS THEY RECIEVE THE DOCUMENTS WE DISCUSSED IN THE BEGINNING OF THIS ROUNDTABLE

    [awesomedtl] they said they r delayed till 12th of aug????? for second session??

    [risk] thx*

    Craveman] Is it possible a stable goi was considered ideal but not absolutely nec? They did have a $3+ currency and were a mess in the past right?

    [awesomedtl] million so many times they said they arent changing the currency till goi is seated did something change

    [Dego] didn’t they come out of the Guardianship already in February after another Court ruling in theur favor maybe now the CBI is only implementing it..?

    [millionday] SO THE SERVICES AND THE MANY CORRESPONDING BANKS ECT THAT IT INVOLVES FOR WARKA TO GO BACK TO BANKING IS A HUGE SIGN FOR WHAT IS NEEDED IN ORDER TO DO JUST THAT — ALL THE SERVICES THEY HAVE CREATED DURING THIS TIME

    [lstar877] :53cbi announced today that they are lifting their guardianship

    [millionday] Craveman YES — IT IS POSSIBLE — THE GOV HAS ALWAYS BEEN A MESS

    [Dego] well I was breaking a sweet several times during the last two Years because of WARKA…that sounds much better now…:}

    [slh5282] Millionday, thanks for this information, great beginning for the banking world. They have to be released to begin the international relationships with the banks through out the world but also have to have a recognized currency. None of this happens, AS YOU HAVE SAID, at the drop of the hat. Step by step process. But the international banking is huge.

    [Dego] sweat I meant..

    [millionday] THE THING IS THAT THEY HAVE ANNOUNCED THAT THEY WILL LIFT THE GUARDIANSHIP WHEN THEY RECIEVE THE PAPERWORK THEY HAVE ASKED FOR BUT WARKA IS HUGELY DEPENDENT AND USING TECHNOLOGY AT THIS POINT — DATA ENTRY

    [millionday] IT HAS BEEN RIGHT PAST TWO YEARS — IT HAPPENED IN MARCH OF 2012

    [slh5282] Millionday, I sign on to the bank almost everyday

    [lstar877] Millionday ok I thought today. The cbi announced today I misunderstood sorry. So how long does paperwork take?

    [10x] millionday your assessment and material was well worth the wait. Thank you for all of it.

    [Craveman] millionday YT

    [fishheads] millionday Is this tied iton that 2yr Directive From the IMF about keeping The Dinar at a stabile rate for 2 years or a decendant of it?

    [Craveman] TY lol

    millionday] NICE BUT THEY ARE NOT FREE TO DO WHAT THEY OFFER AS SERVICES AND ARE NOT ABLE TO GROW AND PROVIDE WHAT THEY HAVE TO GROW IN THEIR REVENUES FOR SERVICES AND FOR THEIR STAKEHOLDERS

    [Msculver] lstar877 that would be another 2years lol

    [awesomedtl] sorryy but what does this all mean for us??

    [angus] millionday so as they get the paper work from each bank branch will they release one at a time or wait for them all?

    [angus] or maybe I miss under stood…..

    [mudder] MD – I think it’s GREAT NEWS…. Thank you very much… You’ve just made my day..

    [slh5282] Millionday, any thoughts on what will happen tomorrow in Your Opinion

    [millionday] WHEN WARKA IS ABLE TO DO ALL OF THESE SERVICES BECAUSE THEY ARE NOW FREE TO DO THEIR BUSINESS WITHOUT GUARDIANSHIP — THEY WOULD HAVE TO BE INTERNATIONALLY RECOGNIZED — WIRE TRANSFERS — CREDIT CARDS — STOCK INVESTMENTS —FOREIGN CURRENCY INVESTEMENTS

    [lstar877] Msculver lol

    [awesomedtl] they say they postponed meetings till the 12t of aug is that trrue???

    [millionday] REMEMEBER THEY HAVE BEEN UNDER GUARDIANSHIP SINCE THEY HAVE BEEN RELEASED FROM CHAPTER 7

    [lstar877] Dont wanna be a pain but when? Why do they announce stuff today if we wait?

    [buck] millionday i thought the amendments to the 13303 allows banks to now do business with the CBI which in a way is international recognition, without a rate change, is it not???

    [fishheads] millionday so what took them nearly 4 months after to pull their heads outta the sand to get this done?

    [coolspot] angus Paperwork from the Main International BranchI am sure will cover all their Branches. I am sure something of this nature will be addressed immediately. CBI may already have what they require now.

    [Josie] Millionday: I find the timing curious (in a positive way) After all of this time, they announce the lifting of guardianship pending paperwork NOW? Best to ask ourselves, why NOW? With all that is happening in that country, NOTHING is by happen stance. hhmm….

    [ernier] fishheads lol 4 months is fast doing anything in Iraq

    [disciple7] Josie agreed

    [fishheads] ernier sad but true

    [angus] soooooooooooooooo we are just waiting for the reality rate for Warka to go full force…..

    [angus] coolspot ty

    graylnjo] Or is the reality rate just a myth??

    [graylnjo] Just askin

    [texasrangersjt] How is that we have one aside must have seated GOI amd another saying they dont, just need banking stuff to wrap up and rate to show?

    [ernier] texasrangersjt because no one really knows for sure

    [Red Skyy] Only one that said they need a seated GOI was Shabibi, he’s been gone for years

    [letsroll] you getting all these questions Rudi lol

    [awesomedtl] ok has million commented on the supposed postponement of parliament session for tomorrow?? bumped to the 12th that was supposedly on the parliament website?

    [millionday] buck THE CURRENCY IS NOT INTERNATIONALLY RECOGINIZED AS OF NOW SO WHAT BANKING THEY ARE DOING IS DOMESTIC AND WITHOUT AN ATM CARD

    [swan2013] Do you all really think they will come out and tell us when they are going to do this and how????? it will be an element of surprise for sure

    [lrojac] This is investment is to beginning to look like a giant episode of Wipeout!

    [awesomedtl] lrojac lol

    [En4cr] I saw that blurb about Parliament also being postponed until August

    [awesomedtl] En4cr hope not

    [En4cr] It was on CNN when I was having lunch

    [Josie] Millionday: Thank you for bringing this important and very notable information to our attention. Your continued efforts are appreciated

    [awesomedtl] En4cr these guys are bunch of clowns

    [millionday] lstar877 fishheads – I DO NOT AND NO ONE KNOWS WHEN THE REALITY RATE FOR GLOBAL TRADE WILL BE SHOWN

    [sunnyca] millionday thank you so much for all of the research you do for all of us ~

    [fishheads] millionday I never asked you that?

    [kldfree40] Thanks Millionday for ALL your hard work.

    [En4cr] Because they couldnt come up with an agreement on the Leadership positions so they said on the CNN banner

    [awesomedtl] yes we so appreciate everything you do for us and help break things down!!!!

    [millionday] coolspot I AGREE — THEY USE DATA ENTRY — (COMPUTERS) SO IT WILL BE PRINTING IT OUT AND INCLUDING WHAT THEY NEED TO HAVE WHICH WOULD NOT BE DONE AS A SURPRISE

    [graylnjo] Why am I not surprised!!

    [millionday] Josie I COMPLETELY AGREE — THAT WAS ONE OF THE LARGEST POINTS I WAS TRYING TO MAKE

    [slh5282] En4cr, that is what shafaqq said but Iraqnewsagency said they are working as we speak

    [coolspot] millionday I have been dealing with International Banking for over 40 years. I know a little

    [graylnjo] I think absolutely no one knows whats really going on over there!!!lol

    [disciple7] millionday very good news today thank you

    [swan2013] millionday it is amazing info and if everyone can just see beyond the confusion in their eyes will see this is something we needed to see happen and its all good.

    [tourman] coolspot and your still sane? lol

    [disciple7] grayInjo your killing me with positivity today….

    [coolspot] tourman lol

    [jtank] thanks md–great info–

    [mimi3] oh are we back to thinking positive again?

    [mimi3] rv?

    [jtank] not yet

    [graylnjo] Soooooon!!!!!!!

    [disciple7] there ya go… baby steps..

    [jtank] the eternal rv

    [mimi3] graylnjo lol yep soon since 2009 for me!! lol

    [millionday] graylnjo THE VALUE OF ALL CURRENCIES THAT ARE DOING GLOBAL BUSINESS IS A REALITY RATE — A REALITY RATE IS ITS VALUE– OF COURSE THEY WILL HAVE A RATE OF WHAT IT IS WORTH WHEN THEY ENTER THE GLOBE –

HOW MANY DINARS REALLY BUYS A TRUCK LOAD OF COKE TO SELL AT THE LOCAL CONVENIENCE STORE — OR HOW MUCH IS AN AMERICAN CAR REALLY IN DINAR ECT ECT — ALL COUNTRIES HAVE A VALUE ON FOREX —- THAT IS THE STOCK MARKET CURRENCY MARKET

    [millionday] fishheads OH SORRY HUN MISPRINT

    [mimi3] so we are still wait and see no matter how many articles come out right?

    [graylnjo] Thanks MD I was beginning to wonder!!

    [millionday] I AM NOT SAYING ANYTHING ABOUT THE GOVERNEMENT — I AM TELLING YOU ABOUT WARKA BANK — IF I AM NOT SAYING ANYTHING ABOUT PARLIAMENT IT DOESNT MEAN IT ISNT IMPORTANT — IT MEANS I AM TALKING ABOUT SOMETHING ELSE

    [Sam] as i suck on my vapor cig lol

    [coolspot] mimi3 lol lol lol

    [allanlantrip1975] why so negative today,

    [jtank] rumor is citi and hsbc pulled out of Iraq

    [millionday] lrojac THAT MAKES NO SENSE TO ME AT ALL OF WHY YOU WOULD SAY THIS LOOKS LIKE A WIPEOUT WHEN I JUST SHOWED YOU ALL GLOBAL BANKING COMING TO THE GLOBE BY WARKA AND ITS RELEASE ON THE WAY OF GUARDIANSHIP — I DONT GET WHY YOU THINK THAT

    [dovi] Israel appears to be going to war at this time..I have news from inside the country

    [sheila3] some refuse to see positive in anything

    [allanlantrip1975] millionday amen

    [coolspot] sheila3 Got that right sweetie

    [millionday] jtank RUMOR — KEY WORD  

  [jtank] This is very positive news but many are afraid of gov failure–  thx MD

    [millionday] OK SO THAT WAS GREAT NEWS AND IS VERY GOOD FOR OUR INVESTMENT AND IN FACT IS MORE TELLING THEN WHAT THE MEDIA BRINGS

http://www.dinarupdates.com/showthread.php?14087-Millionday-Roundtable-7-7-14

News, and Opinions from Frank26 and KTFA Members Mon. AM

walkongstick :  Maliki calls for “federal” to intervene to cancel the adjournment of the meeting

By Khabaar Khaba 7/7/2014 5:33 a.m. |  Brother – Baghdad

He called for a coalition of state law, Abdul Salam al-Maliki, on Monday, the Federal Court to intervene and compel Prime Age Mehdi al-Hafez cancel its decision to postpone the parliamentary session, or to set a date soon for the election of the Speaker and his deputies, noting that “the postponement of the parliamentary session to the 12th of next month is a constitutional violation and clear and frank.
http://khabaar.net/index.php/permalink/24351.html

Frank26:    Hey M !!! …….. Leave me out of it………

I can just hear it ……….. FRANK26 ……. The GOI is NOT going to sit !!!
….

Look ………. These GOI politicians KNOW very well what USA wants from M ………. So they keep this want away from M’s accomplishments.

Why?   To tease?

LOL no but ……… Mainly to SCARE M and cause him NOT to satisfy AoP. Like children this …….Revengeful act of mutiny is simply their way of continual dislike of M.

Nothing more.

USA DEMANDS a Parl/GOI ………. These politicians that hate M and do NOT want him as part of The GOI know this ………. So they take advantage of discouraging it’s formation to put M deeper in trouble with ………. US!

Then the media takes whatever is thrown in their direction as scraps and MANY consume it as if it were of any substantial value. Leaving them with an upset belly.

Eventually they will sit and pass a Gas Law with many others. Until then these midget minded brains will just pass gas ……….. Stinking M and the Parl up.

Stay in constant prayer KTFA Family ……….. Be Strong ……… BE SMART !

Aloha from my Spirit………

BTW ……… Last night’s Prayer CC was Wonderful …….

KTFA,   Frank

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walkongstick:

Egypt: The Iraqi government announced its readiness to support our economy

07/07/2014 15:58
Tomorrow’s Press / Baghdad: The Assistant Egyptian Foreign Minister washed-out full, on Monday, the Iraqi government announced its readiness to support the Egyptian economy, while noting that Egypt welcomed this openness and called for expansion of cooperation with Iraq.

Kamel said during a news conference in Cairo, I followed “tomorrow Press”, “The cooperation of the Iraqi Egyptian must take other dimensions after the end of the political instability in Egypt to strengthen cooperation in all fields,” stressing that “the Iraqi government announced to Cairo for their willingness to assist in the development of The development of the economy during a meeting gathered with Iraqi Deputy Prime Minister Hussain al-Shahristani in Baghdad. “

“We’ve moved to the Egyptian government’s desire to enter Iraq, Egyptian companies and the development of cooperation between Egyptian businessmen and the Iraqis to diversify and expand the private sector in Iraq has welcomed this openness and called on the Egyptian economic sectors to expand its cooperation with Iraq in order to develop bilateral economic.”

It is noteworthy that there are several trade agreements between Iraq and Egypt, but did not take the space of a good implementation because of instability experienced by countries several years ago. LINK

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Frank26:    FRANK26 !!!!!!!!!!!!!!!!!!!!!!! THEY ARE NOT GOING TO SIT !!!!!!!!!!!!!

I could care less because my TEAMS only care about the IQD’s MR and amazing continual …….. LAVA FLOW !

Look …….. Understand ………. Realize what Egypt is TELLING The World ……….. BANKS !!

KTFA Family ………. To do this at 1166 is a mathematical impossibility !!!

Praise God we are Smarter Family …………. Amen.

KTFA,  Frank

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Sager » July 7th, 2014, For Iraq to be ready to support Egypt’s economy means they are ready NOW, or they wouldn’t announce it in the first place! Good Stuff!!!

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walkingstick » July 7th, 2014,

France hits out at dollar dominance in international transactions
By Michael Stothard in Aix-en-Provence   July 6, 2014 6:50 pm

France’s political and business establishment has hit out against the hegemony of the dollar in international transactions after US authorities fined BNP Paribas $9bn for helping countries avoid sanctions.

Michel Sapin, the French finance minister, called for a “rebalancing” of the currencies used for global payments, saying the BNP Paribas case should “make us realise the necessity of using a variety of currencies”.

He said, in an interview with the Financial Times on the sidelines of a weekend economics conference: “We [Europeans] are selling to ourselves in dollars, for instance when we sell planes. Is that necessary? I don’t think so. I think a rebalancing is possible and necessary, not just regarding the euro but also for the big currencies of the emerging countries, which account for more and more of global trade.”

Christophe de Margerie, the chief executive of Total, France’s biggest company by market capitalisation, said he saw no reason for oil purchases to be made in dollars, even if the benchmark price in dollars was likely to remain.

“The price of a barrel of oil is quoted in dollars,” he said. “A refinery can take that price and using the euro-dollar exchange rate on any given day, agree to make the payment in euros.”

One chief executive of a CAC 40 industrial group said he supported Mr Sapin’s push.

“Companies like ours are in a bind because we sell a lot in dollars but we do not always want to deal with all the US rules and regulations,” he said.

The uproar over the BNP fine at the usually sedate Cercle des Economistes conference in Aix-en-Provence highlighted what has become yet another friction point in transatlantic relations.

French officials lobbied heavily on behalf of the country’s largest bank and argued that BNP broke no European rules, prompting a debate about whether it had been the victim of US judicial over-reach.

Mr Sapin said he would raise the need for a weightier alternative to the dollar with fellow eurozone finance ministers when they meet in Brussels on Monday, although he declined to go into detail about what practical steps might emerge.

More than half of cross-border loans and deposits are transacted in dollars and in the last global survey of the $5tn a day foreign exchange market, the dollar was on one side of 87 per cent of all trades. Despite efforts to diversify, many central banks say that they still see no real alternative to the safety and liquidity of the US Treasury market, and hold more than 60 per cent of their reserves in dollars.

A senior French official cast doubt on the government’s ability to stimulate the further use of the euro in international trade: “In the end it is hard to know what they can really do. The market really decides these things.”

Mr Sapin on Sunday reiterated comments made last week that the French government was willing to sell some of the €100bn of corporate shareholdings, taking more of an “active management” over its stakes.

He declined to comment on the scale or pace of the sales but said the money would be used “for reducing the debt, for helping to finance our economy, the energy transition and housing”.

When asked about the possible return to politics of former French president Nicolas Sarkozy, Mr Sapin said: “That’s his business, that’s his choice and that of his friends. What is clear to me though is that Nicolas Sarkozy has really not changed.”

His comments followed Mr Sarkozy’s detention last week for questioning by an anti-corruption court, which prompted the former UMP leader to make a formal televised riposte.

http://www.ft.com/intl/cms/s/0/883e7912-0513-11e4-b098-00144feab7de.html#axzz36mhmqv8E

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Zerb:   ty newshounds…this is a very telling article…foreshadowing of the fall of dominance of the USD in world transactions. Total is a huge oil company in France. The decisions our govt is making will be the demise of the dollars dominance around the world. Not to mention look what France is doing to all it’s citizens…politicians will never wake up!

Family aren’t you glad we have this vantage point here at KTFA? Lord Jesus thank you for bringing me to KTFAlways Christian University to study with The Lord and learn the truths about International BS! Amen

Family, can you handle the real truth? We’ll leave the light on for ya!

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Frank26:   Hmmm………… I was just thinking that ……… Amen indeed.

KTFA,  Frank

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masterqbj1921 :  Well Turki this is about as stable Iraq GOI has ever been or ever will be so be so kind and provide us with an international rate.

The GOI may not be stable and seated in the western democratic sense, but for Iraq this is as good as it get. The only way anything gets done in this country is by dictatorship. Lets face it they were more prosperous with Saddam in office even on down to the worth of the countries currency.

I mean why not push the complete seating of the GOI off to next month, the politicians are not the ones suffering, they live in their million dollar homes off in other countries they can commit any crime they see fit for personal agendas.

Whats their motivation to even speed this process up, they get paid plus full benefits regardless if they do their jobs or not. The problem with these politicians is they cant see pass the present and their pockets. I wish that they could only model themselves from the Arabs of Dubai.

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Frank26:  Excellent Post …… IMO .

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moneytalks1 » July 7th, 2014, Good morning Frank,

Does the GOi really need to sit for a rate? What is Turki waiting for? Xmas!!! I know the Goi are being silly little boys but surely the CBI has had enough and should get on with the show.   Chow.

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Frank26:  Friend…………. If Your Wife Loved another ………… Would You go on with Your marriage ?

The politicians are too in love with MONEY ……….. Not the CBI and her MR of their MONEY!

It will form ………. But as I said ……. They will use all 45 days to do so and more if they can squeeze them out of the AoP.

KTFA,  Frank…. Don’t be late for chow………

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walkongstick:  07/07/2014 17:48

Dawa Party refuses to postpone the parliamentary session and the House of Representatives calling for an urgent meeting

BAGHDAD / obelisk: the rejection of the Islamic Dawa Party, on Monday, the House of Representatives to postpone the hearing, which was postponed to the 12th of next month after it was scheduled to be held tomorrow, the House of Representatives calling for an urgent meeting to vote on the selection of the President of the new parliament.

He said the Islamic Dawa Party in a press statement received “obelisk” a copy of it, he “expresses its categorical rejection of the postponement of the session of the House and overtaking on the timings constitutional,” calling “the House of Representatives for an urgent meeting to reach an agreement and vote on the Presidency of the Council of Representatives.”
and called for political blocs and the House of Representatives to “assume their responsibilities and national constitutional to save the country from terrorist attack fierce.”

It is said that Hafiz session for new Council of Representatives to August 12 next, while explaining the postponement request blocs that there is no political consensus on the nomination of candidates for the three presidencies.

An alliance of national forces has revealed, on Monday, he had not been an agreement to provide its candidate for the presidency of the parliament, and while pointing out that he will not be providing the name of the candidate formally only in the framework of a final agreement to nominate candidates for the three presidencies, speaking on condition to provide the National Alliance candidate for the presidency Minister.

It is noteworthy that a member of a coalition of state law, Abbas al-Bayati has confirmed, on Sunday, that the Sunni bloc had not submitted its candidate for the Presidency of the Council of Representatives to end now.

It is noteworthy that a coalition of national forces has revealed, on Sunday, announced the launch of new names within the Sunni political blocs in addition to the name of the candidate Salim al for the position of Speaker of the House.

The MP of the coalition of national forces Salah al-Jubouri has confirmed, on Saturday, providing a mass candidate Salim al for the post of Speaker of the House, at the Council meeting scheduled for next Tuesday.

A source familiar, on the thirtieth of June, as it was agreed on the choice of Salim al-chairman of the parliament compete with Hamoudi and Hussein al-Shahristani, the first deputy.  LINK

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Frank26:  LOL………. Oh These Silly Rabbits !!!

KTFA,   Frank

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walkingstick » July 7th, 2014,

Hindawi: postponement of Tuesday’s session to try to prevent al-Maliki to form a government

Published on Monday, July 7, 2014 14:47

BAGHDAD / Center Brief for the Iraqi Media Network (IMN) – A member of a coalition of state law Mohammed al-Hindawi, to postpone the hearing of the House of Representatives, to try to prevent the prime minister, Nuri al-Maliki to form a new government .

Said Hindawi’s (IMN ) , that “if the Council convened, it was not to be, however, cost Mr. al-Maliki to form a government because the candidate of the biggest winners in the elections will be announced as a candidate of the rule of law and not of the National Alliance even got ripped off, Mr. al-Maliki for the National Alliance will become the block the largest in the Council and this allows blocks of the National Alliance and other blocs . “

It was scheduled to hold the House of Representatives, on Tuesday, its second in the new legislative session is that the prime age Mehdi al-Hafez announced to postpone the hearing to August 12 was postponed to the next President of the Age Mehdi al-Hafez.

From: Ibrahim Saleh, Edit: Laith Mohammed Reza, n: Sachs

http://center-imn.net/2/index.php/2013-09-08-07-27-39/7577-2014-07-07-14-47-39

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Frank26:   TA DA !!!   

Take care ………. Bye

KTFA,   Frank…….

US dollar unchanged at 8.15 pesos; 'blue' dollar steady at 12.05

US dollar unchanged at 8.15 pesos; 'blue' dollar steady at 12.05

Buenos Aires Herald3 hours ago

The US dollar trades unchanged at Buenos Aires City banks and foreign exchange offices at 8.15 pesos, after a 180-million purchase by the Central Bank yesterday, the biggest buy since May.

US dollar closes lower on Taipei forex

US dollar closes lower on Taipei forex

Focus Taiwan News Channel7 hours ago

Taipei, July 2 (CNA) The U.S. dollar fell against the Taiwan dollar Wednesday, shedding NT$0.030 to close at NT$29.905 as traders here were spurred by the strength of other regional currencies to raise their holdings in the local currency, dealers said.

US dollar closes at NT$29.93 on Taipei foreign exchangeChina Post