Governor of the Central Bank heads to the United States to attend meetings of the IMF and the World Bank
The central bank announced on Sunday that the central bank governor has gone to the United States to participate in meetings of the International Monetary Fund and the World Bank.
The central bank said in a press statement received by “Economy News”, “headed a delegation headed by the governor of the Iraqi Central Bank Ali al-Alak to the United States to participate in meetings of the IMF and the World Bank this week.”
He added that “it is hoped that the meeting on the sidelines of the meetings of a number of central bank governors headed by the Governor of the Central Bank of Holland and the Governor of the Central Bank of Saudi Arabia,” noting that “there will be a meeting with the Chairman of the Board of the Arab Monetary Fund in addition to meetings with a delegation from the Treasury and the Ministry of Foreign Affairs And many other economic and financial figures. ”
Read more: http://www.dinarupdates.com/showthread.php?54858-Governor-of-the-Central-Bank-heads-to-the-United-States-to-attend-meetings-of-the-IMF
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Kurdistan Region submits proposals to Baghdad with the oil file
[Ayna-Baghdad] The Ministry of Natural Resources and Resources in the Kurdistan Regional Government, on Friday, a five-point proposal to resolve the problem of oil exports between Erbil and Baghdad.
According to a statement issued by the ministry, issued yesterday evening, the ministry’s proposal to resolve the crisis included the following points:
1 that pay the Iraqi government salaries of employees and workers in the Kurdistan region, the Peshmerga forces, police, Asayish, and retirees, amounting to a monthly [915 billion Iraqi dinars].
2 – Baghdad believes the operating budget of the Kurdistan region, amounting to 17% of the total oil revenues in Iraq for use in the operation of refineries and power plants.
3 Baghdad believes the operational budget of the Kurdistan region, amounting to 17% of the federal operating budget, [apart from the budget and salaries].
4 – The Iraqi government guarantees payment of financial dues to international companies that work in the field of oil production in Kurdistan according to the contracts concluded so that companies continue to produce oil and achieve profits.
5 – Or the Government of the Territory put forward a proposal “easy” is: to grant the Government of the Territory 17% of the total oil production in Iraq and Kurdistan and the Government of the Territory to implement the above points themselves.
Iraq last week submitted a formal request to Iran and Turkey in dealing with the federal government exclusively with regard to border ports and the closure of all ports with these two countries until the receipt of management by the federal government as well as the suspension of all commercial dealings, especially on the export of oil and sale with the Kurdistan region, Dealing with this file with the Iraqi federal government exclusively because of the province to referendum for separation.
Oil Minister Jabbar Ali al-Allaibi on Tuesday called on North Oil companies, the oil projects company and the ministry’s pipeline company to put forward an urgent plan to repair the Baghdad-owned pipeline to export crude oil from Kirkuk fields to the Turkish port of Ceyhan away from Kurdistan.
Read More: http://www.dinarupdates.com/showthread.php?54817-Kurdistan-Region-submits-proposals-to-Baghdad-with-the-oil-file
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Patriotic Union of Kurdistan: infallible still in Sulaymaniyah and our efforts will continue to calm the situation
(Sulaymaniyah: Euphrates News) The Information Office of the Patriotic Union of Kurdistan (PUK) on Saturday denied reports that a delegation of the Patriotic Union of Kurdistan (PUK) had visited Baghdad.
“There is no visit to a delegation from the Patriotic Union of Kurdistan to Baghdad to discuss the current situation in the region, but the efforts of the Patriotic Union of Kurdistan will continue to calm the situation,” he said in a statement received by the Euphrates News Agency.
The office quoted a source familiar with saying that “President Fuad Masum is still in the city of Sulaymaniyah, so in the event of any meeting will be in the city of Sulaymaniyah.”
The leader of the Patriotic Union of Kurdistan Mullah Bakhtiar said on Friday that the leadership of his party had held a meeting with President Fuad Masum lasted for two hours on the situation in Kirkuk.
“Mullah Bakhtiar said that” the meeting was held in the presence of the President and the leaders of the National Union, : Qusrat Rasul Ali, Omar Fattah, Governor Kader, Hero Khan, Pavel Talabani and Qabad Talabani, during which he exchanged views on the current situation well. ”
He added that he would hold a broad meeting on Saturday in which the final position on the current situation will be taken.
Read More: http://www.dinarupdates.com/showthread.php?54821-PUK-infallible-still-in-Sulaymaniyah-and-our-efforts-continue-to-calm-the-situation
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Reveal the contents of Tilerson’s message to Barzani ahead of the referendum
[Ayna-Erbil] – Kurdish news agencies published the text of a letter from US Secretary of State Rex Tilerson to Kurdistan Regional President Massoud Barzani before a referendum on September 25.
The letter included support for the United States for the negotiations between the governments of Erbil and Baghdad, which extends for a year to address all outstanding issues.
The text of the message: …
Read More: http://www.dinarupdates.com/showthread.php?54827-Reveal-the-contents-of-Tilerson%92s-message-to-Barzani-ahead-of-the-referendum&p=179690#post179690
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Hakim to Trump envoy: Global security is linked to the sacrifices of Iraqis in the face of terrorism
Baghdad – Mawazine News – The head of the National Alliance, Ammar al-Hakim, Saturday, during a meeting with US President’s envoy to the International Coalition to Counter Terrorism Bert Magork, that global security is linked to the sacrifices made by Iraqis in the face of terrorism, while the latter renewed his country’s support for Iraq in the face of terrorism.
A statement by the Office of the President of the National Alliance, received / Mawazine News / copy, that “Hakim received in his office in Baghdad, the envoy of the US President of the International Coalition to Counter Terrorism Bert Magurk,” adding that “the meeting discussed the post-urgent that was close to the end, Challenges facing Iraq’s unity and the referendum crisis. ”
“The global security is linked to the sacrifices made by the Iraqis in the face of al-Daheshi terrorism, which is nearing completion in Iraq after the settlement of Hawija and the launch of the last two areas west of Ramadi,” Hakim said.
For his part, Majurk renewed his country’s support for Iraq in the face of terrorism, noting that “his country with the unity of Iraq and the adoption of the Constitution and the law to resolve the problems.”
BGG ~ The main thing we can gather from this article is, Maliki was not “elected” leader of the National Alliance – or Iraq. This is still referring to Hakim in an active role as their leader. Further – other articles have revealed Ameri as being the only current nominated candidate to replace Hakim (for now).
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10/13 – Recorded Call Replay Link
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MilitiaMan (Dinar Guru) – Article: “Al-Rafidain: MasterCard International allows granting advances and loans of all types” Loans equate to interest rates. That is huge.. imo
Read more: http://www.dinarupdates.com/observer
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Recent Headlines…
Barham Saleh: Authorities in the Kurdistan region agree to freeze the results of the referendum
Peshmerga: We will teach the others a lesson they will not forget and will not retreat one meter
Read: http://www.dinarupdates.com/showthread.php?54828-Peshmerga-We-will-teach-others-a-lesson-they-will-not-forget-and-will-not-retreat
Peshmerga: Baghdad did not give us 48 hours to get out of Kirkuk
BGG ~ (That’s right – it was the PUK that asked Baghdad for a 48 hour reprive during which they could confer internally. So – while technically accurate, Baghdad did not “give” the Peshmerga an ultimatum, they were on their way to retake positions in Kirkuk when Abadi got a direct phone call from the PUK)
Reveal the contents of Tilerson’s message to Barzani ahead of the referendum
BGG ~ When you really dig into what Tillerson and the US offered Barzani to step off this “vote” and quit stirring everyone up… it becomes quite clear NONE OF THIS was about what is best for the Kurdish people, but what is best for BARZANI. OMG!! They gave him the keys to the KINGDOM!! They pretty much offered him the WHOLE PACKAGE. UN, IMF, World support, independence (of sorts), revenue – JUST UNREAL!!
Here’s what they left out – him as El-Presidente’… it refers to his role “post-presidency”… so he really didn’t mean any of what he was saying about not being part of the next regional elections in Kurdistan. Not one word.
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Kirkuk: police security conditions are stable and there is no truth to what some have touted
Baghdad scales news – Kirkuk Police Chief, Omar Aref, speech Saturday, the security situation in the city is calm and stable and there is no truth to what some have touted in the media.
Dean issued a press release faxed/Arif scales news/, which reassured the townspeople to stabilize the security situation and tempers, considering what is promoted in some media “wrong and has no basis in reality.”
He added that “after touring revival of Kirkuk by markets; and say that security conditions are stable, safe and all citizens of Kirkuk are safe,” adding that “it is doubtful that him getting around Kirkuk to watch life safe and natural spread of the security forces and their contribution to providing Requirements for stability.
And they were pieces of the Iraqi army and the rapid reaction forces and the popular crowd, began the first movement since Friday night, in the areas surrounding the city of Kirkuk and other disputed areas between the Centre and the Kurdistan region, while two troops withdrew from several areas of agreement with the troops.
BGG ~ Thanks so much to 1Bobby for this piece!! Facts – just the facts…
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Adam Montana (Dinar Guru) – Lots going on right now. I’ll say one thing for all the rumors… they may not seem to get the “dates” right, but when there’s buzz on all the rumor sites…it is usually right in front of a big event. …Before Chapter 7, there was a crazy amount of hype. You all know I temper my posts, in an effort to keep people grounded, but even I got pretty excited about that event. It was a major milestone, and a significant key to Iraq’s progress. The rumor sites all promised an RV at that time, and it was certainly a possibility, but we all know it wasn’t a certainty. [post 1 of 2….stay tuned]
Read more: http://www.dinarupdates.com/observer
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Al-Nusseiri hails the Central Bank’s actions in developing and reforming the banking sector
The economic and banking adviser, Samir Nusairi, praised the developmental and reform measures carried out by the Central Bank of Iraq two years ago to meet the challenges faced by Iraqi banks because of the economic and financial crisis experienced by Iraq.
Al-Nusairi said during his participation in the symposium held by the Higher Institute for Accounting and Financial Studies at the University of Baghdad entitled “The requirements of financial and monetary reform in Iraq under the direction of the International Monetary Fund” and attended by “Economy News”, “The Central Bank of Iraq has taken the measures of evolution and reform two years ago to meet the challenges Which suffer from the Iraqi banks because of the economic and financial crisis experienced by Iraq because of falling oil prices and the war on terrorism and structural and structural imbalance in the management of the economy, “noting that” despite the Central Bank to prepare and launch a strategy for the years (2016-2020), which included primary and secondary objectives to achieve financial stability and develop the banking system in accordance with new mechanisms and work points. However, this does not prevent the Bank from adopting visions and proposals through the Central Bank and the Ministry of Finance analyzing the current and expected financial position of the banks (2017-2020) To activate the economic cycle in all areas and to develop a proactive plan to prevent bankruptcy and the collapse of some banks and the maintenance of the wheel of banking under the current circumstances and the use of new mechanisms and tools for monetary policy applications.
He added that “the current banking financing structure is plagued by many failures and obstacles and in order to increase credit and total funding from banks and to activate their contribution to various aspects of investment and reconstruction and to push the development process and move the economic cycle in Iraq, we see a serious step is to re-examine the policy of lending and bank financing and activating the optimization of financing private projects Small and medium as a social and economic objective with special priority and urgent and that the Central Bank of Iraq has an effective supervisory and supervisory role. ”
He pointed out “the importance of activating the role of government banks, specialized banks and private banks to provide easy loans to the private sector, national individuals and companies in accordance with the initiative of the Central Bank to finance small and medium enterprises as well as finding solutions to the problems of taxes and accumulated benefits of the owners of projects suspended production.
BGG ~ Thanks so much to Okie Dinar for this find yesterday!! Super piece… this one is an excellent piece giving us some clues as to the economic status in Iraq right now…
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Adam Montana (Dinar Guru) – When Abadi vs Maliki was happening, that was another major step for Iraq. Again, it wasn’t a promise of immediate RV, but let’s face it – a major change in value of the Dinar was never going to happen with Maliki at the helm. Maliki simply had no reason to act in Iraq’s best interest when he had such a huge ability to pilfer the system under his power. I firmly believe that Abadi is not like Maliki, and when he won that battle, our landscape changed for the better…but even that was not enough. There was still the issue of the HCL, which MUST be resolved before (or simultaneously with) an RV. Now let’s look at today…this immediate point in time, where once again the rumor mills are churning and people are getting excited. I’m going to make two specific statements right now, and I hope they stick: 1. None of the gurus can call the Date. 2. Despite #1 above, the current level of activity is not to be ignored. Things ARE happening. [post 2 of 2]
Read more: http://www.dinarupdates.com/observer
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(go here and ask to join… then add some Dinar Friends!!)
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Iraqis demand trial, execution of Maliki over Mosul fall to ISIS
Iraqis demand the trial and execution of former prime minister Nouri al-Maliki for being responsible for Mosul’s fall in ISIS’ grip, Zuhair al-Jabouri, the spokesperson of Nineveh Guard said on Saturday.
This comes as a response to Maliki’s accusations, as he claimed that Mosul’s residents are behind the city’s fall.
In press statements, al-Jabouri noted that Mosul’s residents shall not be held accountable because they did not give orders to five military brigades to withdraw from the battlefield, adding that this order facilitated the city’s fall in ISIS’ clutches.
At the time, Nineveh provincial council and its governor have asked for Peshmerga soldiers’ help to fight ISIS, which was officially and categorically rejected by Maliki, he added.
Mosul’s residents collaborated with ISIS, causing the fall of the city in 2014, Maliki said in a statement to Sputnik, a Russian news agency, on Friday before his visit to Moscow.
On Saturday, former governor of Nineveh Atheel al-Nujaifi lashed out at former prime minister’s over his latest statements.
Earlier, the parliamentary legal committee requested last month the attorney general to reopen the issue of Mosul’s fall in ISIS’ grip, a move that will lead to the trial of Iraqi officials, including Maliki.
BGG ~ This piece is from July 23rd, 2017. It is recent. No one has forgotten. Maliki will not escape the coming wrath. Whatever place he is trying to bribe his way into will not help him.
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WASHINGTON – Annual meetings of the International Monetary Fund (IMF) are being held at an event that is the highlight
Baghdad / The six-day annual meetings of the International Monetary Fund (IMF) were held in Washington, DC, on Tuesday. The agenda of the meetings on the first day included a discussion on what the IMF is doing and what are the main and unregistered objectives. Christophe Rosenberg, on how the International Monetary Fund (IMF) finances its operations, while the IMF’s General Counsel and Director of the International Monetary Fund Shawn Hagan pointed out how to develop the IMF’s capabilities.
The first day of the event, the most important event in the world economic affairs, was held by Al-Mada, a press conference on the prospects of the global economy, and the IMF’s interest in global economic issues and its role in the international financial architecture. And the Fund’s services to the global media.
The meetings will discuss several topics, including the examination of emerging lessons on consultation, participation and disclosure. The Inspection Panel, the World Bank’s Independent Accountability Mechanism, will publish its latest report in a series of lessons learned on experiences from consultation, participation and disclosure, The lessons will serve as a forum to discuss what makes citizens’ participation successful, the challenges faced by development practitioners in this area, and how the World Bank experience has reached the criteria for participation in the new environmental and social framework.
Among the keynote speakers at the event were World Bank Chief Executive Officer Cristalina Georgieva, Oxfam President and CEO Abby Maxman, World Bank Chief Executive Officer Jason Alford, as well as other economists and specialists in global economic and financial affairs. Of accredited journalists to attend these meetings from around the world.
The IMF and the World Bank are sister organizations within the United Nations system and share a common goal of raising living standards in their member countries. The two institutions follow two complementary approaches to this goal. IFAD focuses on macroeconomic issues while the Bank focuses on long-term economic development And poverty reduction.
Read More: http://www.dinarupdates.com/showthread.php?54762-WASHINGTON-Annual-meetings-of-the-International-Monetary-Fund-(IMF)-are-being-held
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U.S. Priorities in the Kirkuk Standoff
In the coming days, Kirkuk will either explode into open fighting between Kurdish and Iraqi forces or spur a much-needed dialogue between Baghdad and Erbil.
On October 12, the oil-rich Iraqi province of Kirkuk came very close to witnessing a major clash between two U.S.-armed militaries — the federal Iraqi army and the forces of the Kurdistan Regional Government (KRG). The army has been unable to access its old bases in Kirkuk since its June 2014 collapse at the hands of the Islamic State, and Kurdish Peshmerga have since taken full control of these areas and their oil fields. The recovering federal military has now made its first attempt to reenter the Peshmerga-controlled zone.
Yesterday, a column of army units, special forces, and Popular Mobilization Forces loyal to the moderate cleric Grand Ayatollah Ali al-Sistani advanced over the Kurdish frontline berm south of Kirkuk city, within a fifteen-minute drive of the provincial capital and key oil fields. Local Peshmerga reportedly came very close to firing on these forces, which halted just in time after Iraqi prime minister Haider al-Abadi received a phone call from one Kurdish faction — the Patriotic Union of Kurdistan (PUK) — asking for forty-eight hours to confer internally and with the other major Kurdish faction, the Kurdistan Democratic Party (KDP). The clock is now ticking, and the deadline will expire by early Sunday morning local time.
In all likelihood, one of three outcomes will unfold. First, Baghdad’s forces could resume their advance after the deadline, then halt or turn back if Peshmerga block them from entering Kirkuk’s military bases and oil fields. Second, federal forces could succeed in pushing onto their objectives. Either of these initial scenarios could generate a major crisis. The first would spell political trouble for Abadi and likely spur intensified multilateral sanctions on the Kurds, including border closures with Turkey and Iraq and removal of the KRG’s capacity to generate customs and oil revenue. And whether federal forces succeed or fail, blood would be likely be shed during the confrontation, casting a very deep shadow over Abadi’s efforts to serve as a unifier in the 2018 elections and further disrupting the military campaign against the Islamic State. Kirkuk’s oil fields might be heavily damaged as well.
Fortunately, a third, more attractive option is available. Since the September 25 KRG independence referendum, Baghdad has been unwilling to enter unconditional negotiations with the KRG, requiring Erbil to publicly renounce the vote in some fashion before coming back to the table. Yet the Kirkuk crisis gives Baghdad a clear pretext for direct emergency talks, and without losing face for setting aside its renouncement demand (at least in the short term). These discussions could center on the PUK’s proposed compromise: “temporary joint administration” of Kirkuk. The portions of Kirkuk that the PUK controls — the main air base, the K1 military base, and some energy facilities — would be good spots to develop a joint security mechanism between federal and Peshmerga forces.
This approach could take some heat out of the crisis, placate Turkish and Iranian fears of growing Kurdish nationalism, and reduce military tensions in Kirkuk. To be sure, further negotiations would be needed regarding the city’s KDP-held zone, which includes two large oil fields, Bai Hassan and Avana. But at least the process would be started.
The United States has rightly expressed that it will not allow any actor to take military steps against the Kurds in their three core provinces — Erbil, Dahuk, and Sulaymaniyah. It has also quietly but insistently signaled Baghdad that any effort to regain access to disputed areas such as Kirkuk should not involve violence, should not be led by Iranian-backed militias, and should leave ample room left for negotiation. Thus far, Abadi seems to have respected these concerns, and the Kurds have likewise been urged to refrain from using force.
Washington should now push for negotiations during the remainder of the forty-eight-hour truce, supporting extensions to the deadline as warranted. Toward that end, it should maintain its small military advisory presence in Kirkuk, which aids situational awareness and crisis communication between the sides.
In particular, U.S. mediators should call for de-escalation measures: a freeze on sending reinforcements to the area, the removal of heavy weapons such as artillery and tanks to a mutual distance, a ban on nighttime movements, and two-way communication to make each side aware of new troop movements. They should also prioritize a partial, incremental solution to the crisis in the near term — such as the return of limited federal military missions to PUK-controlled sites in Kirkuk — instead of an expansive “mega deal” that requires the immediate return of large federal forces to all areas surrendered in 2014. These forces are needed for operations elsewhere in the country anyway, and Kirkuk is not yet equipped to give them the necessary housing and logistical support.
U.S. support to small Iraqi military missions in Kirkuk could be the start of a trilateral combined security mechanism for the city, which federal, KRG, and U.S. forces might then extend into other disputed areas. There are many ways to reintroduce federal security forces without requiring the Kurds to welcome back heavily armed military units; for instance, lightly armed federal oil field police are much needed to prevent Islamic State insurgent attacks on key hydrocarbon resources. Above all, Washington needs to act immediately to keep its allies from fighting each other in the coming days, with a focus on measures that encourage incremental progress and confidence building.
Read More: http://www.dinarupdates.com/showthread.php?54815-U-S-Priorities-in-the-Kirkuk-Standoff&p=179669#post179669
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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
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