Dinar Daily NEWS Blog – Mar 24th

Abadi from Washington: great efforts to restore stability to the liberated areas

(Baghdad time)BAGHDAD – The balance of News Confirmed Prime Minister Haider al-Abadi, on Wednesday that Iraq is not begging for support from the countries of the world while pointing to the existence of significant efforts to restore stability to the liberated areas, pointing out that corruption is the scourge of not less than a step terrorism.

Ebadi said in a speech during the foreign international coalition ministers held in Washington meeting the vassal / balance News /, We are in the elimination of Daesh stage and not to contain because containment is dangerous as a terrorist organization entrusted something,” noting that we can eliminate Daesh forever through unites us and not worry about regional differences .

He added, we are fighting a fierce war costing more money and we have been able to restore stability in many areas despite the financial crisis noting that Iraqi forces broke the dream Daesh building an empire and should continue in the international coalition to end the organization rather than absorb it And on the popular crowd Abadi said, There are volunteers from the Iraqi people took part in the fighting of the various provinces under the leadership of our security forces to expel Aldoaash pointing out that the Iraqi Council of Representatives by the legislation of the popular crowd, which puts him under the leadership of the State and Commander of the Law armed forces and apply the Iraqi military regimes.

He continued, that “may not be incorporated into the policy to the military aspect, and this is important because we are embarking on a local and parliamentary elections should not take up arms for political groups to enter the elections stressing the need to separate arms for political action and may not be any weapons outside the framework of the State.

Among Abadi, “according to the Iraqi constitution does not exist for any armed groups outside the state stressing that those who carry weapons outside the framework of the state are considered outlaws and will face them.”

He noted, that the law of the popular crowd comes to those who fought with courage and valor and sacrificed themselves in order to defend the Iraqis to be part of this system under the Iraqi leadership.”

Read more: http://www.dinarupdates.com/showthread.php?47677-Abadi-from-Washington-great-efforts-to-restore-stability-to-the-liberated-areas

This is the objective of the National Oil Company

A spokesman for the Oil Ministry, Assem Jihad said Thursday that the ministry’s follow modern mechanisms to develop and invest in oil wealth and to start to go to establish a national oil company is an example.

Jihad said in an interview / balance News /, that the ministry has prepared a project to establish the National Oil Company Law as well as drafts of two gas and liquidation of these companies managed by the Board of Directors and enjoys administrative and financial autonomy and the advantage of flexibility.”

Jihad said that the aim of establishing the National Oil Company is the investment optimization of oil wealth and expand its business and projects within the country and abroad for financial revenue by using modern techniques and standards mechanisms and very sophisticated.

He noted that the company will be more like the international advanced international companies and an arm to develop national oil industry, according to the latest methods and techniques used globally without being the oil ministry intervention affairs except for the planning and supervision.

Turning that national companies often enjoy the new global reputation according Matstkhaddmh possibilities in addition to the flexibility possessed by companies so as to be free from large restrictions in the absence of not integrated into the Ministry of Oil

He pointed out that “the Iraqi National Oil Police were ancient when established in 1986 by the former regime to freeze its work and annexed to the Ministry of Oil and today we presented a draft of the trend towards re-established.

It is worth mentioning that the establishment of the Iraqi oil company in 1961, where he was released in Iraq Law 80 under which Iraq issued 95% of the oil company of Iraq and announced the formation of the Iraqi National Oil Company in 1964.

In April 1987, the integration of Oil Minister Issam Chalabi, the company with the Oil Ministry, which became the direct operator in the industry as well as its regulator.
Either at the operational level, the company has been divided into groups of regional companies, including the North Oil Company, based in Kirkuk, and the South Oil Company, based in Basra, an oil center.

The cabinet voted during its meeting in this March 14 on a draft law of the Iraqi National Oil Company and to allocate it to the Council Alnwab.

Read more: http://www.dinarupdates.com/showthread.php?47681-This-is-the-objective-of-the-National-Oil-Company-23-03-2017

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Economist: loan funds allocated and spent well in the field of investment

Stressed the economic expert on behalf of Jamil Antoine on Thursday, that the issue of shackling foreign loans for the Iraqi economy back to several possibilities according to the government followed in its investment policy, as explained that Iraq had borrowed for the urgent need of funds because of the economic crisis that accompanied the decline in oil prices he pointed out that the policy blocs discuss economic issues by political means to compete only away from the discussion in real economic

Said Antoine in a press statement, said that the issue of shackling foreign loans for the Iraqi economy back to several possibilities, according to the government followed in its investment policy,” noting that the loan funds be allocated well spent in the field of investment in the industrial agricultural and other sectors it did not affect the economy great but that he went to the corruption and spent without them it will affect the economy significantly

He explained the economic expert said that Iraq had borrowed for the urgent need of funds because of the economic crisis that accompanied the decline in oil prices adding that the masses and the political parties discussed economic issues by political means to compete only away from the discussion in real economic

Read More: http://www.dinarupdates.com/showthread.php?47682-Economist-loan-funds-allocated-and-spent-well-in-the-field-of-investment-Economy
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Adam Montana (Dinar Guru)   There’s one name in particular that I’m happy to see in the news: Abadi. Anyone who’s been in this for more than a couple years has seen the amazing progress that’s come about since Maliki got the boot and Abadi came stomping in with the big boy pants on! The GOI was revamped, decluttered, and streamlined. Parliament picked up the pace and got a lot of things done that were simply not happening under the previous administration, and now: 1. Abadi confirms he’s planning on running for a second term. I see this as a shoe-in, no-brainer, it will happen, DONE. (Yes, we are going to hear some noise from the Maliki Camp, I say…ignore it).  2. Abadi is working hard towards full IMF and basically global support, and the fruits are coming.  [post 1 of 2….stay tuned]

Read More: http://www.dinarupdates.com/observer/

Eat Well – Lose Weight!!

Liberty is not collective, it is personal. All liberty is individual. – Calvin Coolidge

Adam Montana (Dinar Guru)    3. “This week on Fox News Sunday: Haider al-Abadi, Prime Minister of Iraq, in an exclusive interview.”  Get your popcorn out! Abadi on with Chris Wallace this weekend. Don’t expect a huge announcement from Abadi on the RV…this is just more proof that Iraq and the PTB are not going to stay where they are. The country is poised to make a leap, and we’re watching!  Another thing I am paying close attention to in the news is Saudi Arabia… there is a LOT going on with that country right now. It’s a very complex situation, but the direction is tremendously good for us and for Iraq’s future as a very powerful and wealthy country. That might be one of the reasons why Saudi Arabia is taking these steps: “Saudi Arabia plans to cancel previous debt on Iraq”   Bottom line…this is happening fast, and we’re just here for the ride.  [post 2
of 2]

Read More: http://www.dinarupdates.com/observer/

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Abadi looking with the committees of the armed services to restore stability to the liberated cities

Secretary-General of the Council of Ministers, Mahdi Al-Alak, said that the government is moving towards a free economy and activating the private sector.

A statement of the secretariat obtained by “Trend Press” a copy of it, that the relations “received a delegation of the World Bank under the chairmanship of Mohamed Hassan Abdul-Qadir, head of the group to improve the business environment of the Bank in Iraq, and during the meeting, a series of axes on the Iraqi economy and its investment environment and the position of Iraq, Global indicators of economy and business “.

The Secretary of the Council of Ministers, that “there is a gap between the improvement and progress in the economic and investment ground in Iraq and the mechanisms of collecting information that feed these indicators and therefore does not reflect accurate assessment of the national and international effort in this area.”

For his part, Abdul Qadirb presented the statement “the current programs implemented by the World Bank in Iraq as a program to improve the work environment and the accompanying operations of registration of companies and obtaining licenses and the conclusion of contracts more efficiently in accordance with international standards, and also addressed the need to open to the provinces and the development of investment strategies, .

For his part, said the Secretary-General of the Council of Ministers, “The Iraqi government is moving towards the free economy and the revitalization of the private sector and accompanied by the direction of legal and procedural amendments.”

“The General Secretariat will spare no effort to support the rise of Iraq higher indicators according to World Bank standards.”

Read More: http://www.dinarupdates.com/showthread.php?47685-Abadi-looking-with-the-committees-of-the-armed-services-to-restore-stability-to-the-l

Abadi in front of reform .. Umm change?

With the approaching announcement of the end of the battle in Iraq with an urgent ending, there is a regional movement offset by the mobility of the politicians of Iraq with them, but within teams distributed here and there and new programs in the changing policy according to events, we will see new players on the scene, and others waiting for their fate between the withdrawal or withdrawal,

The American president is clear in his statements and not as his predecessor, Obama, and the Turkish situation of concern with the European Union, which seems to be moving away from the dream of joining after the stifling of positions, and what is happening, will affect negatively or positively. ,

And the Russian-US understandings in Syria, which worries the Gulf countries before Iran despite the assurances, are all questions raised, and the task is very difficult for Abadi in dealing with all these parties, to satisfy one without prejudice to the feelings of the policy of the other partners.

With the Obama to convince Trump, the Iraqi parties began their indirect campaign through media means and visits of field leaders to know the geographic map of the homeland through the target citizen to gain his voice, and the lineup will be revealed days, in addition to the divisions of the parties and fission, and remains the next prime minister’s news

And the signing of a new contract for the return of US forces, the holding of elections and the change of time, and the most difficult task to identify and reduce the relationship with neighboring Iran and expand with the Gulf States , Which puts the pressure on Abadi at home by the partners of the political process in the National Alliance will be on the most, in return there will be support from the Kurdish parties in addition to the shy admission divided by the Union of Forces,

and the coming days will witness a media battle against Abadi after his statement from the White House on his position of the crowd With the end of his mission with the end of the battles against the Daqash and the laying down of weapons, Trump and Abadi’s statements ended in the White House, to begin their repercussions and effects before the return of the latter to the country, and since the means are all available in the world of politics, and the impact of Mikafili on politicians is the basis from which they proceed, Change and Reform

Read more: http://www.dinarupdates.com/showthread.php?47648-Abadi-in-front-of-reform-Umm-change

Iraqi Dinar/Dollar auction 03-23-17 (most recent listing)

Currency Auctions Announcement No. 3407

This daily currency auction was held in the Central Bank of Iraq on the 03-22-2017

The results were as follows:

DETAILS NOTES
Number of banks 35
Number of remittance companies 11
Auction price selling dinar / US$ —–
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 164,376,087
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 164,376,087
Total offers for selling (US$) —–

More: http://dinarupdates.com/observer/

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Keywords: government moving towards a free economy and activating the private sector

Economy News / Baghdad …Secretary General of the Council of Ministers Mahdi Keywords, said on Thursday that the government is moving towards a free economy and activating the private sector.

According to a statement of the secretariat seen by “Economy News”, that “Keywords keep getting the World Bank delegation headed by Mohammed Hassan Abdel Qader Chairman of the Group to improve the Bank in Iraq’s business environment, and during the meeting, offer a range of topics pertaining to the Iraqi economy and the environment of investment and the location of Iraq compared to global indices for the economy and business. ”

The Secretary of the Council of Ministers, according to the statement that “there is a gap between the improvement and progress witnessed in the land of economic and investment reality in Iraq and the information-gathering mechanisms that feed these indicators and thus do not reflect an accurate assessment of the national effort and the international effort in this area.”

Keywords explained that “the Iraqi government moving towards a free economy and stimulate the private sector and the concomitant trend of legal and procedural adjustments.”

Keywords and added that “the Secretariat will spare no effort to support Iraq’s highest elevate the standards according to the World Bank indicators.”

For his part, display Abdel Qader “existing programs implemented by the World Bank in Iraq as a program to improve the work environment and the associated company registration processes and obtaining licenses and conclude contracts higher according to international standards efficiently, also touched on the need for openness to the provinces and to develop investment strategies optimal her like Basra.”

Read more: http://www.dinarupdates.com/showthread.php?47651-Keywords-government-moving-towards-a-free-economy-and-activating-the-private-sector

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The following .PDF is the review by RCookie of the IMF board’s publishing of Iraq’s SBA (excellent info) – He would have wanted you all to have it.. posting the whole .PDF was the only way to get it on here. Enjoy. BGG

SBA 2016 RECAP

Robert Cook  CSW  CSS  CBP  CST  CTC

Iraq:

IMF EXECUTIVE BOARD COMPLETES FIRST REVIEW IRAQ’S STAND-BY ARRANGEMENT (45 pages…)

12162016
 

CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1279.549 1278.909
British pound GBP 1473.962 1473.225
Canadian dollar CAD 888.489 888.044
Swiss franc CHF 1192.106 1191.510
Swedish krona SEK 134.315 134.248
Norwegian krone NOK 139.898 139.828
Danish krone DKK 172.048 171.962
Japanese yen JPY 10.618 10.613
Special
Drawing Rights
SDR 1612.312 1611.506


Indicative rates – 03.23.2017

http://www.cbi.iq/

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