8-27-2014 Newshound Guru Millionday "Abadi demanding Kurdish forces to submit the names of candidates for the ministries, but we as Kurds have a government program that includes the Kurdish demands, and we will try to 09.09.2014 in the formation of the government." ABADI HAS STATED THAT IT WILL BE COMPLETE BY THAT DATE. [If Abadi cant form his GOI by the 10th does that mean the process starts new again with someone else?] HE HAS PASSED HIS TIMELINE OF ACCEPTANCE --- IT IS WELL ON ITS WAY. [Has Abadi been sworn in?] THERE WAS SOME TYPE OF MEETING OF ACCEPTANCE BUT HE WILL BE SWORN IN AS A GROUP WITH ALL MINISTERS AND HIS GOV ENTITIES. Article quote: "Referred to it by the day there will be a half month period specified in the constitution to form a government after commissioning Abadi has ended and stayed 15 days in front of him to get the job done..." HE IS COMMISSIONED AND NOW HAS 15 DAYS TO BE SWORN WITH ALL OF HIS MINISTERS. WHEN THE MINISTERS ARE PLACED -- IT COULD BE EARLY THEY CAN CHOOSE. HE HAS UNTIL SEPT 9TH
8-27-2014 Intel/Newshound Guru Poppy3 RECENT SOLID RUMOR FROM BAGDAD BANK -- STATING THAT THEIR BANKS ARE TRAINING THEIR TELLERS TO USE THE NEW DENOMINATIONS. NO TIME DISCUSSED AS TO WHEN THEY WILL NEED THE TRAINING BUT STARTED THIS WEEK DOING THE TRAINING. I REPEAT...THIS IS RUMOR AT THIS TIME BUT I THOUGHT THIS IS VERY INTERESTING AND VERY POSITIVE FOR US. I DON'T EXPECT A RV THIS WEEK NOW FOR SURE BUT HOPING NEXT WEEK THEY CAN FINISH WHAT THEY HAVE STARTED AND BEEN SO DILIGENT TO WORK ON. TIME WILL TELL.
8-27-2014 Intel Guru Frank26 IMO, The rate is already released and working in secret with the GOI that meets in secret. Therefore I am saying WHEN the GOI announces itself ...We will see a BUDGET and a RATE joined at the hips. Many are looking for the GOI formation. I am looking at the CBI only.
8-27-2014 Intel Guru DC [via Adept1] As of last weekend and Monday, everyone is geared up and ready. The PM did make an announcement about the horrible bombings in the mosque and some statements about the GOI being nearly done, etc. That was on Monday, and everyone else in the world is ready, just waiting on those announcements to go forward. We understand that things are moving behind the scenes this last week. They did publish the GOI in the Gazette this weekend...which makes it official and sealed it. Today is largely just waiting. This morning, he just said “It’s about to be done”, without a timeline.
8-27-2014 Intel Guru TNT Tony [via Adept1] The bottom line is that we’re ready to go. Last week the PM twice said he would make scheduled public announcements, and the celebrations were scheduled. They were moved by 48 hours, each time. We are now down to 48 hours. We know the events are stills scheduled as of this morning. There are still meetings going on and we will see what happens. They have already chosen the moment, we just don’t know when it will be.
8-27-2014 Newshound/Intel BGG [the 1201 market rate is a good sign for us, isn't it? How long do you think it must stay in the margin before it is considered safe by the IMF for the RV to move forward, IYO?] Very good sign. However, I have no idea what is on the IMF agenda - neither does anyone else.
8-27-2014 Intel Guru Mnt Goat So we now wait and see if they live up to completing the government by the required constitutional timeline. I believe the government is very much all but done and seated. All they need is to fine tune it and complete it so they can announce it to the world. Many of you asked me if a formal, public announcement is necessary and the answer is a big fat YES. I do whole heartedly believe that the RV rollout will be completed just prior to or just after this announcement. [post 2 of 2]
8-27-2014 Intel Guru Mnt Goat Tuesday 8/26, MP of the state of law coalition, Abbas al-Bayati said that Abadi received the names of the candidates from the political blocs. Abadi then confirmed in a press conference that he will be able to provide the new government before the end of the constitutional period, which ends on 9/9... There we have it, a new target given to us by the prime minister. Let’s hope there are no more delays. I believe they do not need to take this much time and so I would guess we can expect some announcement probably next week, maybe on 9/2 or 9/3. Again this is my guess from what I know. [post 1 of 2....stay tuned]
8-27-2014 Intel Guru Frank26 The market price dropped from 1217 to 1203...CBI is now within 2% ready to be article 8 International status. Then we said should hear about GOI on 2nd. But cautioned that the 10th is more a reality.
8-27-2014 Newshound Guru Tlar Guys hopefully we should see the RV this week and then you will get my thoughts and an explanation. I am excited by what’s going on behind the scenes but can’t say anything yet.
8-27-2014 Newshound Guru BGG & Chattels 1203 was the market price reported yesterday, it is 1201 today...less is more and closer to the 2% variance supposedly desired by the IMF . Wow!! More good news. That is big. First time that has happened. The published "market rate" is what is dropping - not the 1166 (auction rate)... the fact that the market rate and auction rate are getting closer together is pretty good news...this is one of the precursors put forth by the IMF before Iraq can gain entrance to article 8 - and international acceptance. first two days it is realistic...which doesn't absolutely mean it will happen tomorrow - just that it CAN. [So they are now in compliance or close to it?] as I understand it - today they are. I would suspect the IMF wants to see some stability at such a marker - JMHO.
8-27-2014 Newshound Guru Kaperoni Article: "Central action keeps the money of depositors and shareholders" This is a good "pat on the back" article as they say they have done a good job stabilizing the dinar/reducing the spread of late and implementing new policies and procedures with the auctions. I like how they end it in essence saying...despite this accomplishment, they have more work to do. Yes...we are waiting on that. ...they probably have fulfilled the IMF requirements and are in compliance now. That does not mean they will request Article VIII tomorrow. In fact, the IMF may make them demonstrate they can sustain it for a period of time as well as they still need to form the GOI, pass stalled economic and banking laws and get some stability regarding the ISIL threat. So it still could be a while. But today is a good day.
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South Korean consumer confidence rises more-than-expected
South Korean trade balance 0.74B vs. 1.63B forecast
South Korean trade balance 2.52B vs. 2.74B forecast
South Korean industrial production 2.6% vs. 1.7% forecast
South Korean industrial production 2.6% vs. 1.7% forecast
South Korean consumer confidence rises