backdoc » September 2nd, 2014, 3:01 pm
THE KEY WORDS AS I SEE IT IS THE NEW CBI GOVERNOR WILL BE NOMINATED BY THE NEW GOVT. ! IF WE HAVE THAT THEN WE HAVE NOTHING TO BE CONCERNED ABOUT RIGHT ?
ALSO THE CBI IS,WILL,AND MUST REMAIN INDEPENDENT !! ANYTHING THAT BREECHES THAT NOTION I LOOK AT AS SMOKE !!! DOC
Frank26: KTFA FAMILY ……… No new CBI GOV yet …….. But they prepare to do so.
Kinda …….. Hugealicous !!! KTFA, Frank
Robdel: Family if the news is true about a new CBI governor, then it should automatically tell you either it means the RV switch puller is now here or the RV switch stopper is now here! Let’s pray it’s the first possibility!
walkongstick : Jordan is negotiating with the United States next month to ensure that the third version of the international bond
Tuesday 02 September 2014
Said Jordanian source familiar with the matter said that his country will negotiate next month with the United States on a guarantee recent new impetus and a third of the bonds “Euro Bond” (dollar bonds), which intends to Jordan put in the global markets, the value ranging from 1 to 1.25 billion dollars.
The source added, in remarks to the agency Anatolia, on Tuesday, that the Minister of Finance of Jordan Umayya Toukan will leave to the United States, next month, in order to meet Jack Lu, Secretary of the Treasury American debate about Jordan’s desire, to ask a third version of euro bonds Bond in global markets.
He pointed out that the American side, expressed his welcome in principle, to the desire to put Jordan in the third version of these bonds, bail the American government.
Said the source, who declined to be named, said that the negotiations that will take place between the two sides will focus on the interest rate on the bonds, and the repayment period, and the amount expected to be at least the size of issuance billion dollars, was up to 1.25 billion dollars, he said.
The source explained that the launch of these bonds, is aimed to provide more financial liquidity of the public budget for Jordan, along the lines of former Trahin.
Jordan and floated last June, the second Asaddartha of dollar bonds valued at one billion dollars, to ensure the United States of America, and arrived at an interest rate to 1.945%.
He succeeded Jordan last year at the completion of the first issuance of “Eurobonds” US dollar in global markets and the “bail American” a total value of 1.25 billion dollars for seven years, worth one batch at the end of life of the bonds in 2020, and an interest rate of 2.503% payable benefits resulting version semi-annually until maturity.
And resorted to asking such bonds to bridge the budget deficit and meet the economic challenges resulting from the host country to about 1.6 million refugees, a Syrian, as well as high energy bill to more than six billion dollars a year, after the interruption of gas supplies to the banking as a result of the bombing of the line carrier since July of last year.
She said the Ministry of Finance of Jordan, in the latest data released by the two days before, that the net public debt at the end of last June, has seen a rise from its level at the end of last year by 966 million dinars (1.36 billion dollars), or a rate of 5.2% to reach 20.9 billion dinars (28.3 billion dollars), representing 78.5% of GDP, estimated in 2014 versus reaching 19.09 billion dinars (26.9 billion dollars), representing 80.1% of GDP in 2013, a decrease of 1.6%. LINK
Frank26: What an Amazing day in the life and Timing of ………. The Lava Flow.
omegaman September 2, 2014 at 2:48pm
We are AT THE FINISH LINE. SANTA’S comin to town..
From my platform: The Gov’t is seated but no names have been announced yet and no public announcement as yet. Have heard NLT Thursday (NLT=No Later Than)
Another of my trusted sources: Dignitaries are scheduled to be in iraq for thursday kickoff of rv gcr the lowerdenoms come out in 18 hours get ready we are near done
Hey OM, I Had a call over last night from a friend involved with one of the Prosperity Programs.
He said his paymaster indicated on a conf. call Monday night that their fund releases are scheduled for today. (TUESDAY)
We’ve been advised the funding for these is inter-dependent upon the other funding activity (Bonds-Platforms, etc.)
So ALL IN ALL, THINGS look exceedingly well for things to roll out from NOW until this weekend, or before…IMHO………….OM
G T September 2, 2014 So According to Tony’s Call this morning…..The IMF & BIS own the RV activation but a WORLD LEADER Asked for a delay to the “next window” (3 of them left…..Assuming for this week) because of the “GETTING BACK TO WORK FROM A 3 DAY WEEKEND” (give you ONE GUESS WHO “ACTSD” for this)!!!
If this is the Case The IMF/BIS should say HECK NO to no more delays (Abadi has to be pissed)!!
My Friends using his QCard Overseas…..We MUST BE at the Finish Line (but where the HECK IS IT…..So we can Cross it)!!!
omegaman > G T if your friend is using the Q card, then we are at the finish line; we cross it tonight, tomorrow, no later than Friday for pbx…imo…FROM the intel i have, now your q card makes 4…
G T > omegaman Dignitaries are supposed to be in Iraq Thursday (from What I hear)
[BigDog-OH] Iraqi Parliament Shut Down by Protests http://www.nasdaq.com/article/iraqi-parliament-shut-down-by-protests-20140902-00981
Drakechap: 9/2/14 – Zimbabwe: Zim Set to Join Elite Financial Market
Zimbabwe is set to join the world’s elite financial markets group and become the ninth African member country if its application is approved by the Financial Markets Association at the ACI international Meeting set for the end of this month.Upon approval Zimbabwe will join South Africa, Kenya, Mauritius, Nigeria, Tanzania, Zambia, Uganda and Ghana in the financial markets association.
ACI International will consider Zimbabwe’s financial markets application at their next congress to be held at the end of this month in New York.
The approval of the application will bring Zimbabwe’s financial markets to international best practices. The application for affiliation was submitted by the Financial Traders Association of Zimbabwe.
FTAZ president Mr Collen Kapende told the association’s annual general meeting in Nyanga on Saturday that their application had reached the final stage.
“Following the initial ground work done by past FTAZ Presidents and committees I am pleased to inform you that we have reached the final stages in our ACI — The Financial Markets Association affiliation application,” said Mr Kapende.
“Our application is now awaiting approval from ACI international at their next congress to be held at the end of September in New York. In that regard, we are extremely grateful to our Monetary Authorities for giving us the required green light to affiliate with ACI,” he said.
ACI is a leading non-profit and non-political association of wholesale financial market professionals. Members of ACI are largely engaged in financial trading or sales environment in the global financial markets representing foreign exchange, interest rate products and other securities, bank notes, precious metals and commodities and derivatives.
It has 13 000 international members from more than 60 countries.
The FTAZ’s objective is to ensure that market professionals are represented in actions aimed at shaping market developments within the regulatory environment, maintenance of ethics, arbitration and advice offered in case of professional disagreements and the delivery of third party certification on a global scale (dealing certificate, operations certificate or diploma).
“Our aim is to take Zimbabwe to be in line with international best practices in terms of trading especially when we adopted other countries’ currencies,” said Mr Kapende.
FTAZ represents more than 100 financial markets dealers who buy and sell securities or financial instruments for and on behalf of financial institutions and analyse financial markets.
It draws its membership from 21 financial institutions including the Reserve Bank of Zimbabwe.
Turning to the market, Mr Kapende said the market continues to be gripped by several challenges which include short term deposits, low levels of liquidity, subdued interbank trading activity because of scepticism and general reservations by banks about trading in such a fragile environment, and the unavailability of the lender of last resort.
“The economy has been affected by limited foreign direct investment and lines of credit because of the perceived sovereign risk by external investors. This has had a negative impact on the quantum of available liquidity circulating in the local money market. To worsen the situation, there has been deposit concentration within the top five banks curtailing the smooth spread of the scarce liquidity across the market,” said Mr Kapende.
Efforts to unlock liquidity through the Afreximbank proposed $100 million Interbank Facility are a starting point towards establishing a solid and vibrant interbank market.
“However, these efforts though generally welcome have been slow in taking off hence leaving the market in limbo with a dearth of acceptable trading paper. The market remains generally fragmented in terms of interest rates on deposits with banks long on liquidity offering softened rates while they remain largely high in banks struggling to raise deposits.
Liquid banks deposit rates range 0-10 percent on the 30-90 day horizon. Illiquid banks deposit rates range 11-15 percent on the 30-90 day horizon, according to Mr Kapende.
Link to full article: