Dinar Daily NEWS Blog – Mar 25th

Iraq is a plan for the rehabilitation of buildings branch in Mosul after Daesh

Economy News / Baghdad …Rafidain Bank announced the preparation of a plan that includes the rehabilitation of buildings branch in Mosul after its liberation from the terrorists Daesh.

The Information Office of the Bank said in a statement obtained “Economy News”, a copy of “Bank and in coordination with the concerned authorities prepared to assess the damage plans branches in the province 14 branches of the number for the reconstruction and rehabilitation and re-opened quickly and comprehensively.”

He added that “most of the branches that were rehabilitated and the reconstruction of their buildings in Baghdad and the provinces began to provide banking services and reception of the auditors.”

Read more: http://www.dinarupdates.com/showthread.php?47700-Iraq-is-a-plan-for-the-rehabilitation-of-buildings-branch-in-Mosul-after-Daesh

 The start of the Arab League Council at the level of delegates in preparation for the summit meeting

Roudao – Oman Kicked off on Saturday , the Dead Sea area (55 kilometers west of the Jordanian capital , Amman) Business Council of the League of Arab States at the level of permanent delegates, to prepare for a meeting of Arab foreign ministers preparatory scheduled on Monday for the Arab summit at its 28th, to be held on March 29 / March ongoing.

He said Mauritania ‘s ambassador to Egypt and its permanent representative of Arab States at the University of Dadi Ould Sidi prestige, who presided over his country ‘s 27th Arab summit, said that the occasion of the meetings of permanent delegates , headed by Jordan comes amid conditions and challenges in the Arab region, and requires us to work in order to achieve the ambitions and aspirations of our peoples legitimate Arab.

The delegate of Mauritania , Jordan ‘s ambassador to Egypt and its permanent representative at the Arab League Ambassador Ali Al Ayed called to assume the presidency of the session of the 28th Arab Summit.

For his part, Al – Ayed said in his speech that the summit hosted by Jordan held at a very sensitive time, and calls for finding work mechanisms to achieve the goals of the nation achieve security and stability.

He also spoke on Jordan ‘s support for the Palestinian cause and support peace negotiations and called for the support of the Libyan-Libyan dialogue, and in support of the legitimate Yemeni state, and stress that the Gulf initiative is the way to reach a solution to the crisis.
Also touched on the Syrian issue , saying “Jordan believes that a political solution is the only way capable of fulfilling the aspirations of the Syrian people and to preserve the unity of its territory and ensure the return of refugees hosted by his country, and estimated at some 1.8 million people, despite the difficult economic conditions. In

turn, Assistant Secretary – General for the affairs of the Arab national security , Arab League Ambassador Khalil Azwada stressed in his confidence that ” the summit” will be an important stop joint Arab action.

Azwada added that the Council ‘s agenda includes a number of items, have been studied and prepared well, where coordination and cooperation on all the In preparation for holding the Arab foreign ministers and heads of delegations to be submitted to Arab leaders at the Arab summit to be held next Wednesday levels.

Discusses the Arab League Council at the level of permanent delegates (21 responsible), with the continued vacancy of Syria ‘s seat, thirty items dealing with various political, economic and social issues in the world Arab.

the meeting is held on the sidelines of a meeting of the follow – up to the implementation of decisions and commitments at the level of permanent delegates include this body Troika summit (Mauritania, Egypt and Jordan) and the Troika of the Arab League Council (Tunisia, Algeria and Djibouti).

Jordan will host the Arab summit next Wednesday in the Dead Sea area, after Yemen ‘s apology for that mid – October / last October; given field and the political situation.

Read more: http://www.dinarupdates.com/showthread.php?47703-The-start-of-the-Arab-League-Council-in-preparation-for-the-summit-meeting

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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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BGG (Dinar Guru)    [Would changing the rate of the Dinar have any affect on their rampant corruption issues?]   Just the opposite…them dealing with their corruption issues will help the world accept a higher rate for the Dinar. I am positive this is one of the items the IMF will be discussing shortly.

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

 

Eat Well – Lose Weight!!

The greatest stimulus of mankind is freedom. – Paul Ryan

loop (Dinar Guru)    [Would changing the rate of the Dinar have any affect on their rampant corruption issues?]   IMO…They have a good handle on the corruption going on in the banking sector. While they still have work to do on this front they have systems in place to catch the crooks. So I do not see it has stopping them from a rate change at this point.

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 03-23-2017

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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