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.”
Read More: http://www.dinarupdates.com/blog/
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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.
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Kaperoni (Dinar Guru) Article: “Iraq on the brink of an ambitious program looming…” I am encouraged that we will see the beginnings of currency reform within the next few months. We can hope anyway.
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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.
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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]
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Dinar Updates – “NEWS TIME” w/BGG & Company – March 26th 7:30pm CST – In the DU CHAT Room!!
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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]
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MadDScout (Dinar Guru) – I know Abadi had a busy day today [Tuesday]. Abadi today met with : President Trump, V.President Pence, Secretary of State Rex Tillerson, Speaker of the House Paul Ryan and members of Congress, US Trade secretary Wilbur Ross, US Chamber of Commerce, along with delegations from GE and Boeing among others. This is a very good feel of how the new US President is working in a positive way with Iraq. [post 1 of 2….stay tuned]
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MadDScout (Dinar Guru) – Article: “Abadi discusses with US Trade Secretary lifting obstacles to investment companies” Quote: “Prime Minister Haider al-Abadi, during his visit to the United States, discussed with US Commerce Secretary Wilbur Ross the promotion of trade cooperation between the two countries.” This was a very good meeting from reports. I can not remember a one day event that produced so much positive for all sectors. It was like Abadi ran the table today. LOL …was a very positive day for us investors and for Iraq as a whole. [post 2 of 2]
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Backdoc (Dinar Guru) …THE TWO SHIA BROTHERS (iraq and Iran) HAVE BEEN DELAYED IN THEIR NEW INTERNATIONAL PAYMENT SYSTEMS BUT THAT WILL COME TO AN END SOON. IT APPEARS THE TWO SHIA BROTHERS HAVE HAD A SIMILAR DELAY? …BASED ON THE ADDITIONAL ARTICLES THAT I HAVE STUDIED, I BELIEVE ALL IS ON TRACK FOR BOTH SHIA BROTHERS.
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Eat Well – Lose Weight!!
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Backdoc (Dinar Guru) Article: “Keywords announce start implementing the e-government project” VERY INTERESTING…WE GO FROM IMPLEMENTING THE DIGITAL E- DINAR ON FEBRUARY 8TH TO NOW GOING DIGITAL FOR GOVT. FUNCTIONS! YES, THE DIGITAL BLOCKCHAIN ADDS BETTER SECURITY, SPEED, AND EFFICIENCY! THIS WILL HELP PUT A HURT ON CORRUPTION!
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Adam Montana (Dinar Guru) – You’re probably also seeing a lot of positive news regarding ISIS, Mosul, etc on the “tube”. Or at least, you aren’t seeing so many negative news stories… and you know why that is, don’t you? It’s very simple – the media isn’t making a big deal about Iraq anymore because things are going REALLY GOOD, and those aren’t the stories that sell ads! …there is a LOT of progress happening right now with oil, agreements, and security. These are exactly what we want to see! We are getting to a point in this Iraqi Dinar situation that has me excited again, finally, and it’s been a long time since I felt this upbeat about the Dinar. We’ve been going in the “right way” for a long time, but now we are on a STRONG path to victory!
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Kaperoni (Dinar Guru) – Article quote: “in addition to the reform of the banking sector to support growth led by the private sector before starting the process of reconstruction in post – Daesh.” This seems to imply the banking sector reform is just around the corner…
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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. “…
Read More: http://www.dinarupdates.com/blog/
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Aggiedad77 (Dinar Guru) – Article: “Iraq looking to raise obstacles to the entry of US companies to invest” IMO when Abadi talks here about “raising obstacles” he’s referring to a lessening of red tape for American companies and also a HUGE reduction in corruption issues that have kept many companies away in the past…He’s smiling because he knows who will pave the way for the success of his government as well as his country…and it will not be Iran…He’s got a new buddy in President Donald Trump and his administration…IMO look for Trump to be paying Iraq a visit this year…Frank [Guru Frank26] said that issues with investors has to do with Iraq’s restrictions on capital movement…as well as UN sanctions not being lifted, thus causing countries and investors to not want to go against the UN…Abadi has some definite changes he needs to make…that he can make…lift those restrictions…raise the value of your currency…get rid of the UN restrictions…IMO.
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Kaperoni (Dinar Guru) – […wondering if Trump can push for currency reform.] Currency reform is a consequence of economic and banking reform. …the IMF has made it very clear the dinar will be floated and will rise as a result of the growth of the economy. There is no confusion, it is stated clearly…the Balassa-Samuelson effect. ”Balassa–Samuelson implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words Iraq’s dinar is directly related to the growth of the private sector/market economy.
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Kaperoni (Dinar Guru) – Article: “International Monetary Fund agrees to release contractors’ receivables” Quote: “The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success…This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process.” So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.
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tman23 (Dinar Guru) – This week in Washington is the NATIONAL COALITION MEETING…THE FIRST WHERE ALL COUNTRIES WILL BE TOGETHER…68! …THIS IS ALL ABOUT IRAQ AND SYRIA AND SPECIFICALLY ISIS…
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Kaperoni (Dinar Guru) – Article: “Sabri: Iraq’s economy will rise over the next five years” ...this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years. Sounds to me like they expect a gradual appreciation of the currency as the economy grows. Anyone? Balassa-Samuelson effect…
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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…
Read More: http://www.dinarupdates.com/blog/
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tman23 (Dinar Guru) – …ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS… OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED…TICK-TOCK…TICK TOCK.
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Kaperoni (Dinar Guru) – The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements… That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII. I don’t see anyway around that. That being said, they could get off the peg without approval from the IMF.
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firefly (Dinar Guru) – Anybody that’s been in this investment for any period of time should know that a lot of negative news will pop it’s ugly head at the end. Just remember what Dr. Shabibi said at Jackson Hole back in 2011 when he was asked when he will do the currency adjustment. After thinking about the question for a bit of time he stated “AFTER MUCH MEDIA PROPAGANDA” This is not about us. Just be thankful we were given the opportunity to be a part of this investment. Timing is everything right now. One mistake in their calculations would be catastrophic. …the true rate will show on the CBI 1st.
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Abadi looking with two US firms electricity and airlines to develop
Economy News / Baghdad …Search Prime Minister Haidar al-Abbadi (who is visiting Washington for now), with two US firms to develop the electricity sector in Iraq and the Iraqi air lines.
Read More: http://www.dinarupdates.com/blog/
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firefly (Dinar Guru) – Historically all currency adjustments are made in the 1st quarter of the fiscal year. Kuwait and Zambia are good reference points. There is much going on behind the scenes that we are not aware of. I for one am extremely excited at where we sit today.
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Kaperoni (Dinar Guru) – Article: “Expert: Iraq is heading for a social market economy within the plan that will last until 2030” More importantly, currency reform must begin before they will ever have a market economy.
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Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
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Deputy: Abadi visit to Washington made Iraq the Middle East equilibrium point
MP in parliament, Abdul Rahman Alloizi, on Thursday, Prime Minister Haider al-Abadi’s visit to Washington has created a kind of balance in the Middle East.
He Alloizi, L / balance News /, said that “al-Abadi’s visit to Washington came in the context, the fact that Iraq today is one of the closest allies of the United States.”
Read More: http://www.dinarupdates.com/blog/
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BGG (Dinar Guru) – Quote: “…Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision…” exactly what decisions do the IMF executive board have to make coming up? I mean – they only deal with one thing. INTERNATIONAL MONETARY FUND. […can the CBI make a move before the DC meetings?] the CBI can do whatever they want…if the IMF doesn’t give their blessing who are they gonna’ sell their currency to? without international acceptance – there is no market. [post 2 of 2]
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BGG (Dinar Guru) – Quote: “The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC.” This is saying these finalization talks were already started…and will resume – (at the latest) in D.C. Quote: “During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.” Mohammed Saleh…he’s been in these big IMF “shindig” meetings from the 5th to the 17th… he’s excited. [post 1 of 2….stay tuned]
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Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
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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 |
| Amount sold at auction price (US$) | 164,376,087 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) |
Read More: http://dinarupdates.com/blog/
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Revbo (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” [I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.] If they don’t turn it loose shortly after Mosul is liberated, they will be wasting a golden opportunity and a ton of momentum for a growing economy and national reconciliation.
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Kaperoni (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.
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Revbo (Dinar Guru) – I don’t know if this means anything, but yesterday was the first time I’ve ever seen no street rate posted on the CBI’s auction page.
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Maliki’s wealth estimated at $40 bln: sources
Iraqi former PM Nouri al-Maliki’s wealth is estimated at $40 billion, informed sources told The Baghdad Post on Thursday.
The sources revealed the 67-year-old has made his wealth through manipulating the Iraqi Central Bank’s accounts as well as his suspicious projects inside and outside Iraq.
They also confirmed he took over the 2014 state budget without releasing concluding statements….
Read More: http://www.dinarupdates.com/blog/
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