Sunday, June 30, 2024
Will the state adopt the provision of sovereign guarantees to finance private industrial projects?, 30 JUNE
Will the state adopt the provision of sovereign guarantees to finance private industrial projects?
The financial and economic advisor to the Prime Minister, Mazhar Muhammad Saleh, explained today, Friday, that the state has adopted a policy of providing sovereign guarantees for loans obtained by the private sector to finance an important package of private industrial projects.
Saleh told Al Furat News Agency: “There is a fundamental link in financing and implementation adopted by the government program and general policy in development, and its basics are summarized in the high implementation of the listed and ongoing government investment projects that faced procrastination and halting for many years.”
He added, "The current investment program is based on completing the implementation of investment projects without interruption and in accordance with the financial resources allocated to them included in the Federal General Budget Law, while ensuring the sustainability of the funding sources necessary for the continuation of implementation, especially in the field of high-service infrastructure such as projects to develop electricity, drinking water, roads, sewers, etc., with priority that touches the lives of citizens."
He pointed out: "Based on the above, the increase in revenues is one of the important financing levers in overcoming the problems that were facing government projects, which are called (slowed), and which have now entered into implementation and completion, in accordance with the approved policy (No more slowed projects)."
He expressed: "Therefore, there is a clear correlation between the capacity to implement urban projects in the country and the growth of public revenue sources (whether oil or non-oil) and harnessing their high financial flows to serve the requirements of economic development in our country in a way that maximizes the gross domestic product and provides high and sustainable employment sources at the same time.
The private sector assumes an important responsibility in implementation as it is the effective strategic partner in developing the Iraqi economy and advancing its infrastructure and various production activities."
Saleh noted that "the state has adopted a policy of providing sovereign guarantees for loans obtained by the private sector to finance an important package of civil industrial projects, most notably projects to produce industrial and construction outputs related to the advancement of reconstruction, housing and infrastructure, with sovereign guarantees for the private sector amounting to 85% of the value of private activity, specifically industrial activity." link
LATEST FROM MIKE BARA, 30 JUNE
MIKE BARA
Once again, the "bondholder" has been told he will be paid this week. I was told what day, but cannot share it. I will keep you notified as rum-tel warrants.
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MIKE BARA
The “Bondholder” still has not been paid. He is expecting a call today.
Other than the MarkZ report that an announcement about lower denominations has been made in Iraq, There is nothing else to put out right now.
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MIKE BARA
The situation as I understand it: This should have gone in April. That was Plan A. The USA stopped it. The window for Plan B opens tomorrow at "Sundown" and is a week long. There is no Plan C.
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Word from a source just received:
He got a call from a high banking source at a major bank in the south. “You’ve been bugging me about this for ten years. Well, congratulations buddy. Your dream is about to come true.”
SOURCE: “What do you mean?”
BANKER: “We just got a letter from headquarters informing us to get ready because ‘The Iraqi Dinar is revaluing extremely soon.’”
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The situation as I understand it: This should have gone in April. That was Plan A. The USA stopped it. The window for Plan B opens tomorrow at "Sundown" and is a week long. There is no Plan C.
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The "Bondholder" is once again certain he gets paid out on Tuesday, but he is returning to his city of origin tomorrow. He HAS to be in this location to get his payout. This means the payout COULD come sooner than Tuesday. More as I get it...
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💢Mike Bara: High WF banking sources are telling people who hold currency not to bother taking any contracts for work longer than a week or two — no matter how much money is involved.
We are almost there, folks…
💢 Gezelle, Liberty Lounger Extraordinaire, offers clarification for those who might be a little confused
➡️ They are advising not to take any contracts for work (self-employed people) for more than max 2 weeks.
6.21.24
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💢 Update from Mike Bara 6.15.24
💢Mike: OK, I hate to be the Bara of bad tidings, but I just got info from "The Bondholder" — who is not a bond holder but a bond broker waiting to be paid commissions by the US government for bringing in historic bonds — to the effect that he won't be paid until Tuesday.
We were hoping he'd been paid already. This would clear the way for Tier 4B, us, to be paid out.
We were all hoping and waiting for some announcement or notifications this weekend.
That can still happen, but IMO we don't get paid until after guys like him get paid. So we wait... and hope.
https://dinarevaluation.blogspot.com/2024/06/rv-update-by-mike-bara-16-june.html
https://dinarevaluation.blogspot.com/2024/06/summary-of-rv-updates-by-mike-bara-30.html
DRAGON BOND: What it Means, How it Works, 30 JUNE
DRAGON BOND: What it Means, How it Works
What Is a Dragon Bond?
A dragon bond is a long-term debt security issued by firms operating in Asian nations (excluding Japan), but denominated in foreign, stable currencies, such as the U.S. dollar (USD) or the Japanese yen (JPY).
Dragon bonds are Asian corporate bonds, ex-Japan, but denominated in a foreign currency.
Dragon bonds are denominated in currencies deemed to be more stable than the home currency to help mitigate the foreign exchange risk.
Dragon bonds, introduced by the Asian Development Bank (ADB) in 1991, are analogous to eurobonds issued by European corporations in foreign currencies.
Understanding Dragon Bonds
A dragon bond is a fixed-income security denominated in currencies deemed more stable than the home currency; it is seen as more attractive to foreign investors as a result. The rationale for structuring them to be as appealing as possible to investors outside of Asia is because they mitigate the foreign exchange risk that can impact returns as currency values fluctuate. Dragon bonds are similar to eurobonds in that they are denominated in foreign currencies that are liquid and stable, but in the Asian context instead of Europe.
Dragon bonds were first introduced in 1991 by the Asian Development Bank (ADB).
Because of the foreign denomination, these can be more complex than other bonds because of international differences in taxation, regulatory compliance issues facing firms that issue them, plus limited liquidity in trading them in secondary markets.
Dragon Bonds and Currency Risk
Dragon bonds were created to broaden the market for fixed-income securities in Asia and develop more active Asian financial markets. Although Asian companies had issued bonds in local currencies, they appealed mostly to domestic investors limiting access to capital. Foreign investors were often reluctant to buy bonds dominated in currencies that could fluctuate rapidly. Currencies such as the U.S. dollar and Japanese yen were considered stable enough for accumulating assets.
For example, an Indonesian company might issue a 20-year bond denominated in Indonesian rupiah (IDR), with a coupon rate of 4-percent paid annually. If the U.S. dollar-Indonesian rupiah (USD/IDR) were 10,000 rupiahs per one U.S. dollar, then a 100-million rupiah bond would be the equivalent of $10,000. Each interest payment of 4 million rupiah would represent $400 at the time the bond is issued.
To an Indonesian investor, an investment of 100 million rupiah would pay 4 million rupiah per year with return of principal after 20 years. But for an investor buying such a bond with U.S. dollars, an unfavorable movement between the relative value of the two currencies could create extra risk.
If in the next year the exchange rate shifted from 10,000 IDR/1 USD to 11,000 IDR/1 USD, then the first coupon payment of 4 million rupiah would only be worth only about $364 instead of $400 as anticipated when the bond was first issued. The bond's 100-million rupiah face value would be worth about $9,091. And if the prevailing interest rate moves up, the value of the bond would be even lower.
However, a dragon bond denominated in USD, while still subject to interest rate risk, would not be subject to currency risk. The regional economy has changed significantly in the years since the introduction of dragon bonds in 1991, including the 1997 Asian financial crisis, and the growth of the Chinese economy. However, dragon bonds continue to help Asian markets attract more foreign investment.
© Newshounds News™
Read more: Investopedia
The Dreamscape: The 5 Month Disclosure " BY ARIEL, 30 JUNE
ARIEL
💢Ariel - on X 6.30.24
The Dreamscape: The 5 Month Disclosure
P. Diddy Name Drop Associates
2020 Election Overturned
Technology Disclosure Release
John F. Kennedy Jr. Debut
Julian Assange Drop New Files
New Republic Announcement
9/11 Disclosure
Military Tribunals
Public Executions
Med-Beds Released
Dead Stars Re Emerge
Hollywood on Trial
J. Epstein List Releases (In Full)
DUMBS Are Disclosed To Public
Washington DC Underground Prison
Antarctica Disclosure
Agartha Disclosure
Time Travel Disclosure
The Space Program Disclosure
Pole Shift Warning
Star Gates
Official Cryptid Disclosure
Etc.
These are my imaginative outlines of what I would want to see. But we know this is stretching it a but too far. But maybe over the course of a few years as this would be a lot to happen within five months.
Realistically the landscape for everything that involves the transition period is being laid out now.
Currency Revaluation
The Chevron Doctrine
The Gold Standard
Jan-6th Committee
These are things that are currently realigning the landscape to prepare for "The New Republic" that will not be run by a bureaucracy via the 3 letter agencies. Who for the most part have a lot to lose once D. Trump takes back power.
They will try everything to avoid this. Potentially trying to sabotage the election in general. Because the only thing on the other side of it is Gitmo for them. Not to mention his sentence.
I can only imagine how much panic will ensue once he officially shares who us VP pick is going to be. We probably already seen him and didn't even know it. So let's see what is in store over these next few months. Because it's going to be crazy.
https://x.com/prolotario1/status/1807430398655308177?s=46
TIDBIT FROM MNT GOAT, 26 NOV
Mnt Goat We have been witnessing the preparation of a huge move for the Iraqi financial system come the end of the year. I do not wan...
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...