##### Saleh appearance: Iraq can be classified as credit through government bonds
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##### Saleh appearance: Iraq can be classified as credit through government bonds
Admin Fri Jul 19, 2013 9:50 am
[ltr]This article came out the day before, but you need to read the second article!
[/ltr]
[ltr]
7.18.2013 07:07
The presence of a credit rating of any country in the world better than the non-existence because it gives the degree adopted by the countries of the world to assess the country's economy for the purpose of investment and economic activities and other business.
And saw the financial and banking expert d. The appearance of Mohammed Saleh, it is possible a credit rating of the country through bonds sold in global markets because the presence of credit rating, though low, is better than no rating mainly because there is no rating confirms that the country is a threat to all countries in the world.
And is rated the world's credit ladder classification consists of 4 grades are A, B, C and D as well as variables that represent signal + or - and Petkrarat different. Saleh said in a statement to the (morning) that he must begin Iraq is now negotiating for the purpose Ranked credit.
And launched the first round of the Conference of Finance and Commerce in June of last year, the presence of the representative of the U.S. Department of Commerce Cameron F. Kerry, in addition to economic circles in Iraq, it was agreed during which Iraq to encourage investors to come to Iraq and classification of credit to be able to give credit for foreign investors, as well as importance of Iraq that goes on in this category in order to give guarantees in investment opportunities and confidence to recover their capital.
The Fitch or Fitch classifies countries credit is an international institution recognized worldwide and is a subsidiary wholly owned by Hearst, which has in April 2012 to increase its stake in Fitch Group to 50 percent, which is one of three companies rated a major addition to Standard & Poor's and Moody's, the company has been founded by John Knowles Fitch in late 1913 in New York City as the Fitch Publishing, merged with IBCA Co., Ltd. is based in London in December 1997.
Saleh pointed out that although the negotiations began last year, but the Chapter VII represented the main obstacle in failing to give him credit rating as the country poses a threat to international peace and security.
He noted that Iraq is now out of Chapter VII of the UN Charter and moved to Chapter VI of it, which means it is now no longer poses a threat but on the contrary, he entered the phase of peace and development, noting that the credit rating not yet been determined, but - as I believe - in B-class and this is a good indicator
He explained that the rating is through the public debt and the issuance of treasury transfers or government bonds, particularly in international markets, or those bonds that are sold outside of Iraq except for support and one Qaeidah Iraq in return for private-sector debt under the Paris Club agreement. Added when sold bonds then sold at about 60 cents, then rose discount of up to 90 cents, and in this case became as if Iraq automatically rated among the countries that have rated within Class B-giving Iraq a good indicator in the presence of Chapter VII.
He stressed that Iraq would emerge from Chapter VII and the entry of foreign companies, in addition to the presence of high liquidity and political stability and the presence of the oil wealth, are all factors that will raise the credit rating of the degree of Iraq.
http://translate.google.com/translate?u=http%3A%2F%2Fwww.imn.iq%2Fnews%2Fview.9508%2F&hl=en&langpair=auto
[/ltr]
[/ltr]
[ltr]
7.18.2013 07:07
The presence of a credit rating of any country in the world better than the non-existence because it gives the degree adopted by the countries of the world to assess the country's economy for the purpose of investment and economic activities and other business.
And saw the financial and banking expert d. The appearance of Mohammed Saleh, it is possible a credit rating of the country through bonds sold in global markets because the presence of credit rating, though low, is better than no rating mainly because there is no rating confirms that the country is a threat to all countries in the world.
And is rated the world's credit ladder classification consists of 4 grades are A, B, C and D as well as variables that represent signal + or - and Petkrarat different. Saleh said in a statement to the (morning) that he must begin Iraq is now negotiating for the purpose Ranked credit.
And launched the first round of the Conference of Finance and Commerce in June of last year, the presence of the representative of the U.S. Department of Commerce Cameron F. Kerry, in addition to economic circles in Iraq, it was agreed during which Iraq to encourage investors to come to Iraq and classification of credit to be able to give credit for foreign investors, as well as importance of Iraq that goes on in this category in order to give guarantees in investment opportunities and confidence to recover their capital.
The Fitch or Fitch classifies countries credit is an international institution recognized worldwide and is a subsidiary wholly owned by Hearst, which has in April 2012 to increase its stake in Fitch Group to 50 percent, which is one of three companies rated a major addition to Standard & Poor's and Moody's, the company has been founded by John Knowles Fitch in late 1913 in New York City as the Fitch Publishing, merged with IBCA Co., Ltd. is based in London in December 1997.
Saleh pointed out that although the negotiations began last year, but the Chapter VII represented the main obstacle in failing to give him credit rating as the country poses a threat to international peace and security.
He noted that Iraq is now out of Chapter VII of the UN Charter and moved to Chapter VI of it, which means it is now no longer poses a threat but on the contrary, he entered the phase of peace and development, noting that the credit rating not yet been determined, but - as I believe - in B-class and this is a good indicator
He explained that the rating is through the public debt and the issuance of treasury transfers or government bonds, particularly in international markets, or those bonds that are sold outside of Iraq except for support and one Qaeidah Iraq in return for private-sector debt under the Paris Club agreement. Added when sold bonds then sold at about 60 cents, then rose discount of up to 90 cents, and in this case became as if Iraq automatically rated among the countries that have rated within Class B-giving Iraq a good indicator in the presence of Chapter VII.
He stressed that Iraq would emerge from Chapter VII and the entry of foreign companies, in addition to the presence of high liquidity and political stability and the presence of the oil wealth, are all factors that will raise the credit rating of the degree of Iraq.
http://translate.google.com/translate?u=http%3A%2F%2Fwww.imn.iq%2Fnews%2Fview.9508%2F&hl=en&langpair=auto
[/ltr]
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Re: ##### Saleh appearance: Iraq can be classified as credit through government bonds
Admin Fri Jul 19, 2013 9:55 am
Hong Kong issued a tax law to encourage Islamic Sukuk
BAGHDAD / follow the obelisk: approved regulatory authority in Hong Kong, Friday, legally facilitate the issuance of Islamic bonds and pave the way for issuers to expand funding sources to include investors from the Gulf region and elsewhere.
The minister said the Financial Services and the Treasury of Hong Kong K. Si. Chan said in a statement that "the law, which begins its work on Friday, putting a tax framework for the instruments to assist in the development of market instruments in Hong Kong."
"It will help to establish a base for the development of Islamic finance in Hong Kong and diversification of tools and services available to our financial markets."
The law aims to clarify the tax status of the instruments that may face higher taxes because of the multiple transactions on their supporting assets.
And raised the idea of issuing instruments in Hong Kong in 2008, when I studied the Hong Kong Airport Authority sale billion-dollar instruments but no sales yet.
http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sl=ar&tl=en&u=http://www.almasalah.com/ar/NewsDetails.aspx%3FNewsID%3D14470&usg=ALkJrhihNrQ08LTA4Kg-hOVLnDKas55bog
BAGHDAD / follow the obelisk: approved regulatory authority in Hong Kong, Friday, legally facilitate the issuance of Islamic bonds and pave the way for issuers to expand funding sources to include investors from the Gulf region and elsewhere.
The minister said the Financial Services and the Treasury of Hong Kong K. Si. Chan said in a statement that "the law, which begins its work on Friday, putting a tax framework for the instruments to assist in the development of market instruments in Hong Kong."
"It will help to establish a base for the development of Islamic finance in Hong Kong and diversification of tools and services available to our financial markets."
The law aims to clarify the tax status of the instruments that may face higher taxes because of the multiple transactions on their supporting assets.
And raised the idea of issuing instruments in Hong Kong in 2008, when I studied the Hong Kong Airport Authority sale billion-dollar instruments but no sales yet.
http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sl=ar&tl=en&u=http://www.almasalah.com/ar/NewsDetails.aspx%3FNewsID%3D14470&usg=ALkJrhihNrQ08LTA4Kg-hOVLnDKas55bog
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Location : Arizona -
Re: ##### Saleh appearance: Iraq can be classified as credit through government bonds
Admin Sat Jul 20, 2013 5:17 pm
I found this in one of my other forums I go too, and this person lays it out pretty well!
Bond Sales
A very good sign when Saleh is talking international government bond sales, as he is in this article:
LINK: Saleh appearance: Iraq can be classified as credit through government bonds
Big corporations and governments will have bond sales for many reasons but sometimes they use this tool of raising money (taking a loan) to pay off existing debt, as a means of a debt consolidation tool.
Well it looks like Iraq is about to enter the global bond market as soon as they get their official credit rating, which could be any day now. According to this article the process started last year but no credit rating could be placed on Iraq because they were considered to still be a threat to the international peace and security.
Now that Chapter VII has been moved to Chapter VI and those days, we hope are things of the past we see Iraq preparing themselves for the global market.
Selling bonds is considered taking out a loan as defined in Wikipedia and has options on how these bonds are paid off at maturity:
QUOTE: Although bonds are usually discussed in terms of a government 'selling' a bond, what is really happening is that a government is taking out a loan against the ability of its population to return that loan over time through taxes.
QUOTE: Government bonds are usually referred to as risk-free bonds, because the government can raise taxes or create additional currency in order to redeem the bond at maturity.
Link 4 Government bonds:
https://en.wikipedia...Government_bond
Deferring debt is exactly what Iraq needs but it must be arranged first.
By raising money this way, it takes the responsibility off the oil revenue to pay debt payments or whatever they use it for, which assents that money can then be used for other projects.
The purpose of a free market economy for Iraq or any country is to build the private sectors which then increases Iraq's tax revenue and could put repayment on taxation over a longer period of time.
OR, they could create additional currency (post currency reform) in order to redeem these bonds at maturity, as I point this part out again:
QUOTE: or create additional currency in order to redeem the bond at maturity
See, IF they were to use those funds to pay off other debt, let's say Kuwait's $11 billion for example, then they can get released completely from that last remaining piece of the puzzle that lingers over Iraq from Chapter VII, which in return will give Iraq their own protection of their own assets as a real full sovereign state, no more US protection required.
BTW, Iraq can't enter the global market and be under the protection of another sovereign country, if you can't control your own funds in your own country how can you be taken seriously in the global stage?
The answer is, they can't, and it just makes common sense that they need these debts arranged before they can play with the big boys, in the big playground.
They may not do what I just described, but when this country of Iraq continues to have a surplus of budget funds year after year and doesn't have a cash flow issue, then it makes aperson wonder what the big picture is.
Also, remember that the last we heard about the Standby Agreement from the IMF was; Iraq has not needed to borrow much from this fund because they can't even spend all their budget funds in a calendar year, thus the surplus last year and the last two years before that.
The question should be, why Iraq just did not use their assets to pay Kuwait off, we know they have other liquid assets that they could use other than their nations hard currency reserves? Unless they want all their assets to justify something much larger.
Regardless, Iraq once again is showing signs of re-entering the global market and that Folks is good for us investors.
They need a convertible currency to also play in that big playground, to be able to exchange their dinar with other countries’ currencies, so they can accomplish transactions like bond sales, dinar exchanged through market makers, other countries stock markets, etc....
See this link for more information on: Currency Convertibility
Bond sales are used to stabilize economies and offer protection to investors as well.
Bond Sales
A very good sign when Saleh is talking international government bond sales, as he is in this article:
LINK: Saleh appearance: Iraq can be classified as credit through government bonds
Big corporations and governments will have bond sales for many reasons but sometimes they use this tool of raising money (taking a loan) to pay off existing debt, as a means of a debt consolidation tool.
Well it looks like Iraq is about to enter the global bond market as soon as they get their official credit rating, which could be any day now. According to this article the process started last year but no credit rating could be placed on Iraq because they were considered to still be a threat to the international peace and security.
Now that Chapter VII has been moved to Chapter VI and those days, we hope are things of the past we see Iraq preparing themselves for the global market.
Selling bonds is considered taking out a loan as defined in Wikipedia and has options on how these bonds are paid off at maturity:
QUOTE: Although bonds are usually discussed in terms of a government 'selling' a bond, what is really happening is that a government is taking out a loan against the ability of its population to return that loan over time through taxes.
QUOTE: Government bonds are usually referred to as risk-free bonds, because the government can raise taxes or create additional currency in order to redeem the bond at maturity.
Link 4 Government bonds:
https://en.wikipedia...Government_bond
Deferring debt is exactly what Iraq needs but it must be arranged first.
By raising money this way, it takes the responsibility off the oil revenue to pay debt payments or whatever they use it for, which assents that money can then be used for other projects.
The purpose of a free market economy for Iraq or any country is to build the private sectors which then increases Iraq's tax revenue and could put repayment on taxation over a longer period of time.
OR, they could create additional currency (post currency reform) in order to redeem these bonds at maturity, as I point this part out again:
QUOTE: or create additional currency in order to redeem the bond at maturity
See, IF they were to use those funds to pay off other debt, let's say Kuwait's $11 billion for example, then they can get released completely from that last remaining piece of the puzzle that lingers over Iraq from Chapter VII, which in return will give Iraq their own protection of their own assets as a real full sovereign state, no more US protection required.
BTW, Iraq can't enter the global market and be under the protection of another sovereign country, if you can't control your own funds in your own country how can you be taken seriously in the global stage?
The answer is, they can't, and it just makes common sense that they need these debts arranged before they can play with the big boys, in the big playground.
They may not do what I just described, but when this country of Iraq continues to have a surplus of budget funds year after year and doesn't have a cash flow issue, then it makes aperson wonder what the big picture is.
Also, remember that the last we heard about the Standby Agreement from the IMF was; Iraq has not needed to borrow much from this fund because they can't even spend all their budget funds in a calendar year, thus the surplus last year and the last two years before that.
The question should be, why Iraq just did not use their assets to pay Kuwait off, we know they have other liquid assets that they could use other than their nations hard currency reserves? Unless they want all their assets to justify something much larger.
Regardless, Iraq once again is showing signs of re-entering the global market and that Folks is good for us investors.
They need a convertible currency to also play in that big playground, to be able to exchange their dinar with other countries’ currencies, so they can accomplish transactions like bond sales, dinar exchanged through market makers, other countries stock markets, etc....
See this link for more information on: Currency Convertibility
Bond sales are used to stabilize economies and offer protection to investors as well.
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Re: ##### Saleh appearance: Iraq can be classified as credit through government bonds
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