Dinar Daily NEWS Blog – April 23rd

Parliamentary integrity reveals cases of corruption worth 70 billion dollars in two files

The Parliamentary Integrity Committee on Wednesday revealed the existence of cases of corruption about 70 billion dollars in the files of the auction of currency and real estate of the state, noting that the current government did not invest the opportunity available to them in the fight against corruption, despite international and domestic support.

“The government has wasted a historic opportunity that may not be repeated to fight corruption and prosecute the corrupt,” said committee member Abdul Karim Abtan. “The government has received popular and legislative support, as well as international and national support.”

Abtan added that “one of the reasons for the government’s delay in accounting for the corrupt is the high bureaucracy in the Integrity Commission and the supervisory and judicial circles.” He pointed out that “there are cases of corruption worth 70 billion dollars in the files of currency auction and state real estate was discovered during the previous period.”

The MP from the Union of Forces Abdul Rahman al-Luizi confirmed in a previous statement to / information / / the government’s intention to open files of administrative corruption in the auction of selling foreign currency from the cash reserve and the investigation of the family of all private banks.

Article Credit: almaalomah.com (Special Thanks to Tim Tarkington)
______________________________________________________________

Instructions and criteria for circulation and replacement of banknotes

To all banks:

What are the instructions and criteria for circulation and replacement of banknotes and counting and sorting mechanisms
good greeting. // 2015
Later in our book number 133
No. 12 / For the purpose
2
. Date of unification
16 and update the controls
And instructions on the standards of exchange and exchange of banknotes, we send you the link principles, standards and instructions
Which will be used in the counting, sorting, handing over and handing over of banknotes in order to work.
Appreciation
Central Mirrors
Baghdad
Dr.. Munther Abdul Qader Al Sheikli
Deputy Governor Agency
Issuing cabinets
2018/4 /

Pg.(2)……
Public Invitations
– The Iraqi Bank for 2004 56 1 The Central Bank under its law No. is responsible for determining categories of currency
(Paper and metal) and its measurements and forms and printed banknotes and coins, coins
Responsible for the destruction, replacement and identification of defective ones, and may refuse to replace those currencies (paper and metal) or
Confiscate them if the conditions set out in these instructions are met…

Read Full Text: http://www.dinarupdates.com/showthread.php?56698-Instructions-and-criteria-for-circulation-and-replacement-of-banknotes

There is an extraordinary amount of information in this article – just stunning. They are obviously preparing for something. What? No clue… but this key phrase seems to forecast some need for small denominations of notes.

Key Phrase: …”Banks should open windows to replace damaged and damaged banknotes to the public and hand them over to this bank and its branches, And promoting the circulation of small denomination banknotes”…

______________________________________________________________


______________________________________________________________

Kaperoni (Dinar Guru) –   …articles surfaced today confirming directly after the elections they plan on opening the banking system.

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________



______________________________________________________________

Central_Bank_of_Iraq_LogoCentral Bank of Iraq Auctions $185,400,055 on April 19th 2018

Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on April 19 registered $185,400,055 in sales, a 52.23% volume increase from the US $121,787,000 sold by Iraqi Dinar, credit and transfer at the previous auction held on April 18.

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on April 19 compared to the previous auction.

Data for the April 19 auction was made public by CBI Announcement Number 3681.

Dollar sales in the in the period January 1, 2018 to April 19, 2018 saw an increase of -1% compared to the sales of US $10.78 billion in the same period in 2017. The total amount of US currency sold by CBI in the calendar year 2017 was US $15.7 billion.

An analysis of the monthly dollar sales by CBI since January 2016 reveals highly fluctuating volumes. During the period from January 2016 to February 2018, sales of US dollars averaged US $1.89 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.

Article Credit: http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS

BGG ~ We will continue to highlight the regular auctions.

______________________________________________________________

Maliki has no chance to win elections in Karbala – Observers

Observers to the electoral campaigns in Karbala governorate affirmed Wednesday that State of Law coalition, headed by Vice President Nouri al-Maliki has almost a no chance in winning the upcoming election.

Competition in Karbala is between Victory coalition, headed by PM Haidar al-Abadi, al-Wataniya coalition headed by Ayad Allawi, Wisdom Movement headed by Ammar al-Hakim and al-Fatah by Hadi al-Ameri, the observers affirmed.

“Maliki’s coalition has no place in the race to the parliament, for his unpopularity in Karbala, unlike the election of 2010 where the coalition obtained 200k votes, which allowed it to win 7 seats out of 11,” observers said.

Iraq is anticipating a parliamentary election on May 12.

Article Credit: www.thebaghdadpost.com (Special Thanks to Charles Bright)

______________________________________________________________

Kaperoni (Dinar Guru) –  The upcoming elections in Iraq could play a critical part in whether monetary reform occurs sooner than later.  Today rumors of al-Maliki supporters tearing down opposition posters. Some say Maliki is paying 50 million dinar to vote for his block.  Monetary reform/currency reform is a must for Iraq to engage with the world economy, more importantly bring investors to Iraq. But can Iraq overcome the opposition?

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

Mnt Goat (Dinar Guru) –   “ADOPTION OF THE LAW OF OIL AND GAS CONTRIBUTE TO ENDING THE ETERNAL DISPUTE BETWEEN BAGHDAD AND ERBIL”   so here it is in writing – HCL is done!Also I have been telling everyone the contention between the GOI and KRG and that is was all about getting a formal, legal law passed in parliament for how the oil and gas (95% of the wealth of Iraq) is to be managed.

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

CBI sets the terms of the negotiable banknotes

Alsumaria News / Baghdad – The Central Bank of Iraq, on Tuesday, the terms of the banknotes are negotiable.

The bank said in a statement received by Alsumaria News, a copy of it that “the banknote is valid for trading even if exposed to what comes if there was a tear or more than no more than 3 cm and was repaired with a transparent adhesive tape from one side or both sides did not affect the features” .

The bank added that “one of the other conditions that the banknote is valid for trading if it was cut in one of its corners up to 2 cm and did not affect the features,” noting that “of the other conditions if the effects of trading and use and did not harm or harm affects the shape, color and size “He said.

The Central determines the terms of the non-negotiable banknotes

The Central Bank obliges banks to provide five hours for their applications to buy currency
Many of the banknotes that many citizens refuse to trade are traded in local markets.

Article Credit: www.alsumaria.tv (Special Thanks to Carol Williamson)

______________________________________________________________

MilitiaMan (Dinar Guru) –  Notice the theme of late is about instructions… As in this is how you pay people with allocations of  %’s and we/they (CBI) showed everyone how to collect old money and replace with new notes that will be circulating, the new system of electronic payments, etc.. Oh the new deal between us (Bagdad) and them (Erbil) in regard to the Oil and Gas…

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

Kaperoni (Dinar Guru) –    Well when i started 10 years about I thought rv too!   …there is a reason they cant…The CBI…said they would join the world currency exchange…How without a float…the CBI will have to get off the peg…and float.  …the value is 1184 that is what it will start at…They will move to a float prior to opening the CBI Capital Account…In doing so, the CBI can raise the value as inflationary pressure is created from investment…we know they must float because global investment will cause inflation in Iraq and Iraq must have a plan to counter that…could it rise fast? sure…how fast? no idea.   As the dinar appreciates in value the CBI will introduce smaller notes as needed. Same for the larger notes, they will disappear.   …From the CBI… “A source at the Central Bank of Iraq for four companies currently competing to win a draft print the new Iraqi dinar, which will generate graceful after deleting three zeros from him, while Samay central bank to raise the value of the dinar against the dollar gradually down to the day to start replacement where the value will be in the absence of a fluctuating one Iraqi dinars equivalent to U.S. dollars one.”

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

The Parliamentary Decree: The passing of this law ends the eternal dispute between Baghdad and Erbil

Information / Baghdad .. The head of the parliamentary legal committee Mohsen al-Saadoun said on Saturday that the adoption of the law of oil and gas contribute to ending the eternal dispute between Baghdad and Erbil, referring to the parliament received more than five drafts of the law during the previous two sessions.

“The approval of the oil and gas law contributes to ending the eternal dispute between Baghdad and Erbil and determines the responsibility of each party to manage natural resources,” Al-Saadoun said in a statement to Al-Mawdhara. “The oil and gas committee received more than five different drafts of the oil and gas law during the previous two sessions, .

He added that “the House of Representatives failed to explain Article 112 and 111 of the Constitution, which caused the disruption of the passage of the law, despite its importance,” ruling out “finding a final version because of differences solutions to the eligibility of the parties to the conflict.”

“The disruption of the law of oil and gas caused a major crisis between Baghdad and Erbil has reached the threat of wars between them, while the adoption of the law will ensure the legal and constitutional right to each party, whether the province or province.” Ending / 25

Article Credit: www.almaalomah.com (Special Thanks to Vernell Washington)

______________________________________________________________

Some interesting headlines…

Oil is at its highest level since 2014

Governor of the Central Bank of Iraq participates in the meeting of Governors of the Arab Monetary Fund

Iraqi oil ministry calls on US companies to increase their presence in Iraq

______________________________________________________________

The Central Bank goes beyond the red lines

«Economy News» More than a month ago, the seeds of reform in monetary policy began to bear fruit and the cash market began to feel the results of the sound monetary policy applications adopted by the bank two years ago. These successes appeared in monetary stability, recovery of the Iraqi dinar and its appreciation against the dollar exchange rate. Due to Iraq’s unstable political, economic and security conditions.

Surprisingly, however, the appreciation of the Iraqi dinar continued despite electoral rivalries, US threats to Syria, a turbulent regional situation and the impact of Turkish and Iranian currencies. And the decrease in value compared to the Iraqi dinar and thus exceeded the red lines, and that the target set by the Central Bank is to reach the exchange rate of 1200 dinars per dollar has already been achieved, which will be reflected on the decline in demand for the dollar in the window selling the currency and the parallel market in addition to the rise in oil prices, Revenue reduces the deficit in”This confirms that the central bank and the banking sector played a key role in overcoming the economic and financial crisis, and supporting the state treasury and methods, procedures and new instruments in the application of monetary policy,” mainly emphasizes the fight against money laundering and terrorism financing, and strict adherence to international regulations and rules and standards and re-evaluation And the classification of banks in the light of the extent of their compliance with the compliance regulations and identify the last beneficiary in the window selling foreign currency and the work of new mechanisms in the pre-emptive control internally and externally led to higher value and purchasing power of the Iraqi dinar, Emerged as the reasons for the recovery of the Iraqi dinar is the plan and procedures for the central bank and cooperation with the banking sector and comply with the instructions and standards issued by the Central Bank.This confirms that the Central Bank and the banking sector played a key role in overcoming the economic and financial crisis, and supporting the state treasury and methods, procedures and new instruments in the applications of monetary policy, “mainly emphasizes the fight against money laundering and terrorism financing, and strict adherence to international regulations, rules and standards, The light of the extent of its compliance with the compliance regulations and determine the last beneficiary in the window of sale of foreign currency and the work of new mechanisms in the proactive control internally and externally led to higher value and purchasing power of the Iraqi dinar and this means that one of the main reasons for The Iraqi Dinar is the plan and procedures of the Central Bank and the cooperation of the banking sector with it and abide by the instructions and standards issued by the Central Bank.

This confirms that the Central Bank and the banking sector played a key role in overcoming the economic and financial crisis, and supporting the state treasury and methods, procedures and new instruments in the applications of monetary policy, “mainly emphasizes the fight against money laundering and terrorism financing, and strict adherence to international regulations, rules and standards, The light of the extent of its compliance with the compliance regulations and determine the last beneficiary in the window of sale of foreign currency and the work of new mechanisms in the proactive control internally and externally led to higher value and purchasing power of the Iraqi dinar and this means that one of the main reasons for The Iraqi Dinar is the plan and procedures of the Central Bank and the cooperation of the banking sector with it and abide by the instructions and standards issued by the Central Bank.

Article Credit: economy-news.net (Special Thanks to Vernell Washington)

______________________________________________________________

!cid_0534CEE5-9E81-4CFA-9D7F-ACA5BAD2C2DA

Click this link to join the DU “private” FaceBook Group…

https://www.facebook.com/groups/571383766355188/

(go here and ask to join… then add some Dinar Friends!!)

______________________________________________________________

Post RV Checklist (it’s getting to be that time!! Listen up!!)

Dos and Don’ts of Windfall Wealth:

Treat it like a PowerBall win

– Tell no one, not even family. If you must talk, do so with one who is already in the know.

– Don’t run out & buy new “stuff”. People notice.

– Get an unpublished number and give it out very sparingly.

– Get a tax accountant you can trust to make sure the IRS is satisfied (Certified Opinion is something to look into) and pursue asset protection…

Read Complete List: http://www.dinarupdates.com/showthread.php?18519-The-Post-RV-Checklist-and-Flashback-documents&p=128477#post128477
______________________________________________________________

If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!!

Thanks – BGG!!

www.DinarUpdates.com

Posted in Daily Dinar Updates | Tagged , , , , , , , , , , , , , , , , , , , , | Comments Off on Dinar Daily NEWS Blog – April 23rd