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Monday, July 24, 2017

KTFA UPDATE, 24 JULY

Samson:   New Beginning for Iran’s Economy

 Monday, July 24, 2017

The latest report published by London-based provider of strategic market research Euromonitor International titled “Economy, Finance and Trade: Iran” focuses on one of the Middle East’s largest and most promising economies, according to the group’s website.

Highlights from the report are presented below:

The intensification of international sanctions over Iran in 2012 and the fall in oil prices since mid-2014 took a toll on the Iranian economy.

However, short-term relief from sanctions and the rise in private consumption provided some support for the economy in 2015.

The country largely benefits from its abundant hydrocarbon reserves, rising household consumption and well-educated, tech-savvy populace.
....
The removal of international sanctions in January 2016 is projected to boost trade and investment in the economy. However, low productivity, high state intervention and accumulation of bad loans are key challenges for the economy
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  Rise in Investment, Exports & Lower Costs of Financial Transactions

Iran has experienced double-digit inflation and in 2013 it reached the highest level since 1995, owing to the intensification of economic sanctions. During this period, the country had limited access to foreign exchange assets, which resulted in increased costs of trade and financial transactions. The removal of sanctions, coupled with gradual fiscal consolidation and prudent monetary policy, brought down inflation to single digits in 2016;

Iran’s car manufacturing industry is very large and has great potential as a regional export hub, owing to the availability of abundant raw materials such as zinc, copper, natural gas and crude oil. Numerous major car manufacturers are attempting to enter or reenter Iran’s automotive market.

After the sanctions were lifted in January 2016, PSA Peugeot Citroen was the first company to acquire a license from the government to invest in the country’s largest car manufacturer, Iran Khodro Company. However, outdated technology will be a major drag on the automotive industry in Iran;

Prior to the intensification of the sanctions over Iran’s nuclear program, the European Union was one of Iran’s major trading partners but Iran’s trade relations with the bloc deteriorated. Between 2010 and 2015, Iran’s total goods exports to the EU declined by 93.0% and total goods imports from the EU declined by 72.8%, in US$ terms.

However, two-way trade bounced back in 2016. According to the European Commission, the EU exported over €8.2 billion worth of goods to Iran last year, up 27.8% year-on-year. During the same period, the European bloc imported about €5.5 billion worth of goods from Iran, up 344.8% YOY.

Uptrend in 2017

The uptrend intensified in 2017 as Iran exported €2.77 billion worth of goods to the European Union in the first quarter of 2017, registering a sixfold rise compared with the preceding year’s corresponding period, according to Eurostat.

The country imported €2.52 billion worth of commodities from the EU in Q1, recording a %56 rise YOY. Iran is expected to benefit from various new trade agreements with France, India, Australia, South Africa and Pakistan. On April 2016, South Africa and Iran signed eight agreements on various areas, including trade, under which they have agreed to boost non-oil trade. In March 2016, Iran, India and Afghanistan signed a three-party deal to turn Iran’s port of Chabahar into a transportation hub;

The intensification of international economic sanctions in 2012 coupled with the plunge in oil prices since mid-2014 and weakness in tax revenue has deteriorated Iran’s public finances. However, with the removal of sanctions, oil exports will increase and access to foreign assets will be restored. This should help ease government finances.

  Gov’t Reforms Needed

The removal of international sanctions along with the government’s continued privatization drive will open new investment and trade opportunities for Iran, in both its oil and non-oil sectors, such as infrastructure, automotive and transportation.

Yet, the lifting of sanctions will not be enough to boost investment and economic activity in the long run. Major reforms are needed to improve Iran’s banking sector that has a buildup of bad loans and streamline its business environment.

https://financialtribune.com/articles/economy-domestic-economy/68854/new-beginning-for-iran-s-economy

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Samson:  Iranian cabinet approves bill to switch currency from rial to toman

 24th July, 2017
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Tehran, July 24, IRNA - The administration of President Hassan Rouhani in a cabinet meeting on Sunday approved a bill to switch Iran's national currency from rial to toman, an official said here on Monday.

The secretary of the Cabinet Mohsen Haji Mirzaei said the issue had been scrutinized in the government’s economic commission during the past six months.

He added the move aims to facilitate the transactions by the public.

Haji Mirzaei added that one toman would be worth 10 rials and switching to the toman means that a zero would be removed from price figures.

http://www.irna.ir/en/News/82608066/

Doc.K:  THE VALUE HAS NOT CHANGED , THE TOMAN IS WORTH MORE THAN THE RIAL

GCR/RV INTELLIGENCE ALERT #2 - July 24, 2017

GCR/RV INTELLIGENCE ALERT #2 - July 24, 2017

Monday


- Worldwide bank wire codes were switched and reconnected at the satellite level (up the ladder) to collateral accounts through HSBC through AIIB through a 3rd middle man banking holding institution.

- Banks, paymasters and group leaders now just await the return connection (down the ladder) which is a single return code that completes the global currency reset.

- Military, media, diplomats, politicians, international corporate board chairmen and pension / hedge fund managers worldwide are all aware of what is about to take place and in performance ready position.

- Very minimal trading will be allowed in August per normal volumes. Anything above normal will be instantly flagged and corrected by military ghost teams.

- Ceremonially, Grandmother will enter the final "down the ladder" release code and instantly set the world free from economic bondage.

- 800#s will flow out via a pre-fabricated robo call done in multiple languages.

- It is anticipated these redemption contact numbers will hit the internet and spread worldwide in less than 10 minutes.

- All call centers, exchange staff and redemption points of exchange security will all be immediately open for business the moment 800#s are released.

- All previously deposited SKR accounts will fund instantaneously as well.

- Hearing with certainty a defining moment in the Trump exodus is the RV trigger, and everything in the media is prepared to keep a world audience occupied for a two month long distraction.

- Trump's firing Special Prosecutor Bob Mueller we believe is a behind the scenes "go signal" for all involved that the RV operation has begun that exchanges are now taking place.

- Redemption associates were on campus lockdown last week with Sunday off, but reported today at 6am EDT and have returned to campus lockdown status.

- There will be exactly 10 total weeks to redeem all currency holders (9 working weeks with Sunday's off).

- Private exchanges are sovereign rate negotiable eligible through the end of July.

- Public exchanges are screen rate convertible eligible though end of September.

- The RV will be deemed complete operationally by October 1, 2017 or first federal fiscal quarter 2018.

- The gold standard announcement is scheduled shortly thereafter from Beijing.

- Current screen rate: ZIM 350+ions.

"Re: Opportunties" by Fisher 7/24/17

I disagree with the premise that the TDA transactions have been reversed because we are waiting on the USN.

Even Yosef has stated that the existing FRN is and has been "gold-backed" and treated as such by the financial sector since late 2012.

It is far more likely that the reversals were/are due to the resistance by the FED and the Elite families that control it, and the entrenched bureaucrats who are still in positions of controlling at least some small "bubble" within Treasury and its agencies, pretty much as even Heather has disclosed and discussed.

Understand this, Yosef has been espousing the ZIM as being the major "savior" of mankind and the planet/ What if, as Heather, et all, suggest, all peoples on the planet get unfettered access to their respective "accounts"? Does this scenario not also become an opportuity for all to participate freely in their unique version of financial freedom?

If people are distracted by the possibility of getting access to the TDA account, or "free money" as some have/are calling it, do we really believe they will ignore and tuen away from their responsibilities to the planet and the humanitarian projects all so fervently discuss?

Is it possible that the TDA accounts are also part of the "riches of the wicked stored up for return to the people"?

G-LIN TIDBIT, 24 JULY

Article:  "Increase the capital of the Central Bank to one trillion dinars"  Quote:  "...the new law aims to "increase the capital of the Central Bank of Iraq and to keep pace with global economic development..."    New amendments to the CBI Bank Law. We have been waiting a while for this. IMF is not playing anymore.

DINAR GURUS UPDATE, 24 JULY

7-24-2017   Newshound Guru Kaperoni   Article:  "Governor of the Central Bank of Iraq inspected the headquarters of the International Development Bank"  They clearly seem to be getting ready for international banking!

7-24-2017   Intel Guru RayRen98
   The CBI talked about economic reforms in the next few days, and said that they would lose IMF support if they didn’t get it done!  We haven’t had confirmation of lower denominations. IT was said that the supplementary budget had to be passed first, and we understand that when it is passed, the rest will appear in the next few days. Over the weekend, we were told that the budget was approved and it should show up in the Gazette on Wednesday.   Iraq has a meeting ...1. August with the World Bank about their 580 billion dollar loan, and reforms must be in place before that time. The CBI has submitted their paperwork to the World Bank, and I guess we are waiting for the IMF and World Bank to sign off on it. So we are looking for this to unfold prior to August 1, or on August 1. We’re feeling pretty good about the 1. August, or before, unless something unforeseen happens.  It looks like we are at the end of this ride, based on the information.

7-24-2017   Newshound Guru mike    Demand for the dollar is high and will only get higher now that ISIL is out of Mosul, construction and other imports are going to be needed and that's all bought with dollars. The IMF has placed a minimum amount of time to hold that 2% spread and that's 90 days, so, the minimum amount of time necessary to get the 2% straight is 90 days, in addition to how long it takes to actually get the spread to that minimum, say a month or twenty, it all depends on what the CBI can do.   [post 2 of 2]

7-24-2017   Newshound Guru mike   [Getting the dinar into Article VIII would be the first step into stopping the auctions? That would mean the spread would have to be 2%; how close are they to that at this time?]  Great question, here's the thing, if Iraq un-pegged today there would be no disparity between the market and street rates, although, the IMF has advised them not too. WhyBecause if they do, the dinar will more than likely drop to somewhere around 1500-$1 which would increase inflation and the pain the citizens are already feeling. Without an economy and exports other than oil, there's next to zero demand for the dinar and that won't change overnight, we're still waiting for the needed legislation to encourage internal business creation and foreign investment.  [post 1 of 2....stay tuned]

7-24-2017   Newshound Guru Peggy68   In my honest opinion I'm expecting to see the monetary reform implemented between tonight (Sunday) going into July 24th, 2017  through August 10th, 2017.  There are several dates in between we could focus on included in the analysis. Take a look at what is happening in different Federal Agencies and what is already in place, its clearly the time and Iraq is ready to ROCK & ROLL!

7-24-2017   Newshound Guru chattels   Economy News "...publishes the amendment of the Financial Budget Act of 2017 Published "Economy News" Law amending the Federal Budget Law No. (44) for the year 2017, which was approved by the House of Representatives on Monday. And the details of the law:.."  [Courtesy of Whitelions]  "Article 1 - A- Revenues of the Federal General Budget for the fiscal year 2017 are estimated to be (82,069,669,668) thousand dinars (eighty two trillion nine hundred and sixty six billion six hundred and sixty six hundred and sixty-eight thousand dinars)"   " ...on the basis of the exchange rate (1182) dinars per dollar ..." "Calculation of the revenues from the export of crude oil based on the average price of (44.4) (forty four dollars and forty cents) per barrel...on the basis of the exchange rate (1182) dinars per dollar..."   Since oil is valued in dollars there is a stated rate of exchange to convert to dinar since the budget is stated in dinar. There is a rate of exchange, but no new rate.

7-24-2017   Newshound Guru G-Lin   Article:  "Increase the capital of the Central Bank to one trillion dinars"  Quote:  "...the new law aims to "increase the capital of the Central Bank of Iraq and to keep pace with global economic development..."    New amendments to the CBI Bank Law. We have been waiting a while for this. IMF is not playing anymore.