DINAR OBSERVER DAILY September 24th

Stratfor Strategies: Sit. rep.

Negotiations are underway between the Iraqi government and the Kurdistan Regional Government (KRG) over the planned Kurdistan independence referendum, scheduled for Sept. 25. Numerous international powers oppose the referendum — including the United States, the United Kingdom, Turkey, Iran, Germany and other EU powers — and pressure is mounting on KRG President Massoud Barzani to delay the referendum. Meanwhile, Barzani is trying to turn popular approval among Iraqi Kurds for the referendum into a mandate that will improve his bargaining position. But the rallying support — and opposition — is bringing a political charge that’s already spilled over into violence and could do so again…

Read More: http://www.dinarupdates.com/showthread.php?54398-Stratfor-Strategies-Sit-rep&p=179246#post179246

BGG ~ IMHO, they may have a “vote” on this yet… long-run?? Barzani is KIDDING himself. If he manages to split from Iraq in the near future, Turkey will have him for a light snack (This is highly likely the impetus for the Barzani’s buying U.S. residences).

Erodgan has been spoiling to deal with his Turkish Kurdish. He sees no difference in his southern uprising and Barzani. They are all the same to him.

Further, both Turkey and Iran have designs on Kirkuk as well as the Kurds and the GOI. To further complicate matters, the GOI has clearly not been paying their bills to the Kurds. It has to be a pretty big slap in the face where the Peshmerga hasn’t been paid since 2013 and these THUG SHIA Militias got salaries codified in the recent budget. On the other side of the argument – the Kurds have been (reportedly) selling oil outside the agreed upon channels.

Think about it… if the Kurds haven’t been contributing to the GOI for as long as is represented, if the GOI haven’t been paying the Kurds since 2013…

What does this vote matter?? They have the same “defacto agreement” going right now? Correct? How or why would it matter to the currency of Iraq?

Doubters?? Here is a Stratfor headline from TODAY!!

Sep 23, 2017 | Turkey: Parliament OKs Military Intervention, Warns Iraqi Kurds On Vote

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Kaperoni (Dinar Guru) –   Article:  “The unemployment rate exceeds the red lines .. graduates and largest victims”   Quote:  “…unemployment has become a chronic disease in Iraq , what engenders other consequences in the forefront of poverty , which exceeds the proportion of the” “30% of the Iraqi people who are below the poverty line…”   They better activate the market economy (tourism, manufacturing, agriculture, etc.)…or else all hell is going to brake lose. 
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Aggiedad77 (Dinar Guru) –   Article:  “Oil calls for the removal of the oil sector from political conflicts”    Quote:  “The Oil Ministry confirmed on Saturday that oil is a sovereign wealth and a property of the Iraqi people in all its sectors, including the Kurdistan region…”   This appears to spell HCL IMO…oh BUDDY…OH BUDDY… 
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Sept. 1st – “FB Live” Video Link

From our Sept 1st Facebook Live. “Verify Your Dinar”. We re-recorded this – I hope this works better for everyone.

For a limited time – I am personally handling the sale of some privately held Dinar. It is from a premium source and is in excellent condition (Uncirculated 25k notes).

If you would like to add to your Dinar holdings while it is still possible, send me a PM via FaceBook (in the Private Group) or send an e-mail to DinarUpdates@comcast.net . I will make the arrangements.

Thanks

BGG
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tman23 (Dinar Guru) –    [You do know that if the ref, gos through we can kiss the rv good by for at the very least another 3 years because all the laws that have been past since Abadi has been in and I’m talking about the good laws that we are all waiting to be implimped include the kurds with out them all the laws have to be rewritten and voted on and implimped, all their judicial laws include the Kurds.]    …I disagree…This is planned…This is something I have been calling for 2 years…Quite frankly I feel very good about the current situation…Allow me to retract very good…and replace it with…GREAT and EXCITED…We shall see…oh shall we see!   Southern Iraq is about to crack… Baghdad cannot manage it all… They need the Kurds to handle the North… Abadi knows this… Kurdistan will be the beacon of light for all Iraq… And others in the region will want what Kurdistan has..

BGG ~ More like senseless ramble for two years. This is – best case, a leverage play by Barzani.

There is significant unrest in most of the surrounding regions over this situation. Turkey doesn’t like it. Iran doesn’t like it. Iraq doesn’t like it. The IMF doesn’t like it. The UN doesn’t like it. The US doesn’t like it. Explain to me again the “excitement”?

It’s not good. However, it may not be anything more than a short-term distraction to currency reform in Iraq.

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The World Bank is asking the Iraqi government to provide jobs to restore confidence with citizens

The re-establishment of trust between the Iraqi state and its citizens is highly dependent on the government’s ability to provide security, jobs and economic growth for all Iraqis, especially the poor and vulnerable, and millions of internally displaced people for them.
In a press release, the World Bank Group concluded a series of consultations with various stakeholder groups on the new strategic partnership framework for Iraq for the period 2018-2022, which sets out the key development goals the Bank Group aims to help Iraq achieve. And a program of strategic interventions for this purpose. ”

The consultations, which began on 16 September, included several meetings with government officials, members of the Council of Representatives, representatives of the private sector, civil society organizations, academia and international partners. “The consultations showed a high level of interest and participation by the Iraqi public at large on issues related to the future of Iraq , The challenges faced by the country and the opportunities for development are at stake. ”

Read more:  http://www.dinarupdates.com/blog/
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G-Lin (Dinar Guru) –  Article:  “The World Bank is asking the Iraqi government to provide jobs to restore confidence with citizens”   …art. last week from IMF was very emphatic with their instructions. Increase your value and eliminate MCP. I think they are waiting for the security issue they have talked about for 2 years now. And they are very close to accomplishing their fight against ISIS. That may be it. If the Parl. manages to vote that 2nd amendment for CBI through, it could be a timing issue after that. They don’t tell us everything. If the debt to Jordan and to Kuwait has been addressed, that would lift them entire from Chap. 7 I believe. The banks have been and continue to be brought up to International standards. Money laundering and corruption are being addressed. Some new currency would go a long way in that corruption fight. Let Abadi take the credit for winning the war and if he gives the peeps some purchasing power, his spot for P.M. next year would seem solid IMO. We are getting there…One thing is for sure, with all of Iraq’s wealth, this increase in value will happen…JMO.
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 Kaperoni (Dinar Guru) –   Article:  “Talabani’s son announced acceptance of the US proposal to postpone the referendum”  Quote:  “The leader of the Patriotic Union of Kurdistan Jalal Talabani, Pavel Talabani, announced on Saturday that the Patriotic Union and the Kurdistan Democratic Party decided to accept the American and international proposal to postpone the referendum.”   …just because the PUK and Talabani agrees, does not mean Barzani will.  In fact, outstate voting has already begun. We will see on Monday what happens inside Iraq.
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Economic Report: The global economy is continuing with the momentum of investment

The OECD said the global economy is continuing to be driven by investment, labor and trade support, but monetary and structural support for wages should be balanced.

In its quarterly report released on Thursday, Trend News reported that the world will achieve economic growth of about 3.5 percent this year, in conjunction with the growth in industrial production, the continued rise in global trade and the rise in growth in technology spending.
The OECD changed its forecast for global growth in 2018 to 3.7%, up 0.1%.

While the Organization raised its growth forecast for the euro zone to 2.1% in 2017, up 0.3% and 1.9% next year, up 0.1%.

Read more: http://www.dinarupdates.com/blog/

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Militiaman (Dinar Guru)-   Article:  “Kuwait ‘s economy allocates most of its word in New York about Iraq…”  Quote:  “The Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah said his country plans to host an international conference next year for donors to support Iraq, in cooperation and coordination with Baghdad and the international community”  “This would contribute to strengthening the efforts of national reconciliation among the various components of the Iraqi people and would restore security and stability and preserve the unity, independence and sovereignty of Iraq and create conditions for the start of reconstruction and reconstruction efforts. To their areas.”   The National Reconciliation may be at their finger tips, within hours and not months or weeks now. A full liberation may just do the trick!  It has been said yesterday if I read that right, as in 48 hours.. Time has flown by since.. 
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Enorrste (Dinar Guru) –  Article:  “Private Banks Association organizes a workshop on safety requirements for financial systems conversion”     Quote:  “This workshop comes at a very important time is determinedly Iraqi banks open up to the regional and international banks and boost confidence between them to reflect positively on the banking sector.”  It seems to me that this movement that we are seeing on several different fronts at this time is being driven quietly from the IMF in the background.  They stated last year that it was their intention to bring Iraq into the world market in the first half of 2017.  They did not make that goal, obviously, but we continue to see progress (at the Iraqi rate, unfortunately) toward that goal.  This symposium/training is clearly geared, as KAP [Guru Kaperoni] has rightly stated, to something that is “on the horizon” rather than down the road a way.  I would not be surprised to see Iraq move into Article 8 late this year and start the float either at that time or at the beginning of next year.  Saleh seemed to indicate some time ago that changes like these must take place at the beginning of a year.  [reference Guru Kaperoni post 9-21-2017]
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Abadi announces the launch of the first phase of the liberation of Hawija

The Prime Minister, Commander-in-Chief of the Armed Forces Haider Abadi, on Thursday, the start of the first phase of the liberation of Hawija district south of Kirkuk, praising the performance of the armed forces, which are fighting more than one liberation battle at the same time.

“With the dawn of a new Iraqi day, we announce the start of the first phase of the liberation of Hawija, in fulfillment of our pledge to our people to liberate all of Iraq’s territory and to purge it of gangs,” Abadi said in a statement. Victorious edits “.

Abadi added, “Greetings to our heroine forces in all its forms and formations and they are fighting more than one liberation battle at the same time and winning victory after victory.” He pointed out that “Bushra new victory looms in the sight with God’s help and reliance on him and his ability and heroism and sacrifices of spare fighters.”

Read more: http://www.dinarupdates.com/blog/

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Adam Montana (Dinar Guru) –   […assuming the CBI elects to “Float” the Dinar from it’s current value and removing zero’s maybe one at a time…do you see this process taking up to a year…to have a value close to 1 to 1 with the us dollar? …how long from the time they start the “Float” until (you believe) they start removing the large denomination bills (those bills larger than 100 IQD).]    yes, the float process could certainly take up to a year, maybe more or less. I believe we’ll be  looking at a hybrid situation between peg/float – a likely scenario is this: First, revalue to around 10 cents per USD. (It is almost certain to remain pegged  to the USD at this time, regardless of how they revalue.) That rate could be “fixed”  for a period of 3 months, up to 6 months, while the larger denominations are collected and removed. This is the “Pegged” period.  Next…  [post 1 of 2….stay tuned]
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Image result for Hakim Iraq

Hakim-Iraq-s-unity-is-a-red-line-that-can-not-be-bypassed

Participated in the Iraqi – UAE Trade Forum Minister of Industry and Minerals Mohammed Shiaa al-Sudani said that the Iraqi government and people appreciate all the supporting positions in the fight against terrorism.

“The Iraqi government and people appreciate the positions of our brothers in supporting the fight against terrorism and affirms pride in his relations with his brothers and neighbors,” al-Sudani said during a speech at the Iraqi-UAE Trade and Investment Forum, which opened yesterday in the United Arab Emirates. Today is open to all and extends the hand of friendship and cooperation for the prosperity and well-being of its people and all the peoples of the region, “pointing out that” the economic relations of Iraq – the UAE is witnessing remarkable development, reflecting the capabilities and opportunities enjoyed by the countries, “stressing at the same time,” the Iraqi government’s keenness on Yeh and the development of these relations and upgrade them to the highest levels in all areas and sectors. ”

Read more: http://www.dinarupdates.com/blog/

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Adam Montana (Dinar Guru) –   It’s been a while getting here, and nobody knows where  exactly “here” is quite yet, but what I DO know is we have a LOT going on right now!  There is an upcoming referendum in just a few days where the KRG (Kurdistan Regional Government) is attempting to “vote” on “Independence”. While the “vote” isn’t something I’m personally putting a lot of weight on, the statements and actions surrounding and connected to it are certainly worth paying attention to. Abadi had previously spoken out against the referendum (scheduled for Sept 25th), but now the Supreme Court (Iraq) has actually issued a ruling ordering them to completely suspend any preparations for such a vote, based on it being “unconstitutional”.   [post 1 of 2….stay tuned]
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IMF calls for the restructuring of the rational and Rafidain Bank

The International Monetary Fund (IMF) on Monday called on the Iraqi authorities to restructure the Rasheed and Rafidain banks and strengthen the legal framework of the central bank, calling for the cancellation of the remaining entry on the dinar exchange rate.

The Iraqi Business Council said in a press statement received by “The Economist News” that “the head of the mission of the International Monetary Fund in Iraq, Christian Joss, discussed in the Jordanian capital Amman with the delegation of members of the Iraqi Business Council the latest developments in the Convention on credit readiness with Iraq and the challenges facing the Iraqi private sector” .

“The IMF urged the Iraqi authorities to take further measures to strengthen oversight and implement plans to restructure state-owned banks that control the banking system, including the Rashid and Rafidain banks, strengthen the legal framework of the Central Bank, and eliminate the remaining restriction on the exchange rate and the practice of multiple exchange rates , And the implementation of measures to combat money laundering and the financing of terrorism and fight corruption.

Read more: http://www.dinarupdates.com/blog/
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G-Lin (Dinar Guru) –   I’m…excited about the…art. stating the IMF gave them instructions to cancel the remaining restriction on the exchange rate and practice multiple exchange rates, And the implementation of measures to combat money laundering and the financing of terrorism and fight corruption. To me this is saying remove that last restriction and give the dinar a true rate and that would eliminate MCP and by doing so it will fight terrorism and corruption. It also says to me that they are Art. 8 compliant and they need to de-dollarize…this has been requested by the IMF in every Art. !V consultation I have read and now it sounds like a direct order. We don’t have any idea when this will happen but Iraq started listening to the IMF this year and in order to get the loans from them and the World Bank, they must perform to their instructions. Add to all of the above the fact that the second amendment to the CBI Law was discussed in Parl. last week it makes for some pretty exciting speculation. If they aren’t ready to change the value, they are making preparations to do so. As usual this is just my opinion.
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Reveal the files that Abadi will discuss in New York and the date of his visit

MP of the coalition of state law Jassim Mohammed Jaafar, said Monday that the Prime Minister Haider Abadi will discuss four files during his visit to New York, while pointed out that the date of his departure will be tomorrow or the day after tomorrow.

Jaafar said that “there are four main files will be addressed by the Prime Minister in his address to the General Assembly of the United Nations,” noting that “the first file is the role of Iraq in the elimination of the raucous and review the achievements of our armed forces and experience and the results of the experiment, This experience is for countries that are under a threatening threat, victories relying on Iraqi rather than foreign forces. ”

Read more: http://www.dinarupdates.com/blog
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Enorrste (Dinar Guru)   Article:  “Economic reforms and upgrading banking institutions”  I agree with KAP  [reference Guru Kaperoni, 9-18-2017]  on this one.  We wait.  But at least they are now seriously discussing moving forward as opposed to two years ago when half of the economists were calling on Iraq to wait, wait, wait.
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 Kaperoni (Dinar -Guru) –   Article:  “Economic reforms and upgrading banking institutions”  I think the goal is to raise the value to 1 to $1 or about. It just won’t happen overnight as some want to think. It’s a process that will take a period of time (I believe 6 months to a year) via a float.  In doing so, the zeros disappear and Iraq moves to denominations like a 1, 5, 10, 20, 100 dinar and some fils (coins). Keep in mind, if we are correct, and that is the plan, then they simply just cannot decide arbitrarily to raise the value, they need momentum. And that is created by investment. They need the laws passed, banking insurance to invite investors to bring capital into IraqThe result creates inflationary pressure on the CBI to float the dinar. And the result should allow the dinar to appreciate in value. So we wait.
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Sept. 1st – “FB Live” Video Link

From our Sept 1st Facebook Live. “Verify Your Dinar”. We re-recorded this – I hope this works better for everyone.

For a limited time – I am personally handling the sale of some privately held Dinar. It is from a premium source and is in excellent condition

(Uncirculated 25k notes).

If you would like to add to your Dinar holdings while it is still possible, send me a PM via FaceBook (in the Private Group) or send an e-mail to DinarUpdates@comcast.net . I will make the arrangements.

Thanks

BGG

P.S. This is for a friend with significant holdings needing to “save the ranch”.
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Kaperoni (Dinar Guru) –   Article:  “Association of private banks and the International Monetary Fund discuss the challenges facing Iraq’s economy”   I like this.  To have the head of the private banking association going to the World Bank to say…hey, we need to step up the reforms is a good thing.  After all, the WB, IMF are pushing this forward.
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MilitiaMan (Dinar Guru) –   Article:  “Abadi threatens: ready to intervene “militarily” if the referendum of Kurdistan to chaos”   I have to agree with you on the events are unfolding for Barzani, and it sure appears he is pushing the tide. In the end the tide still rises to the level it will and that will be marked in the sand. The PTBs spoke in support of Abadi and not the Kurds. They will need to take the HCL and 140 as is now, imo.. Abadi has the arrow that will sign and seal this by going live imo.. Something the world is waiting on! The cat is out of the bag!
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mike (Dinar Guru) –   Article:  “The government issued new measures to support and stimulate investment”   We still need legislation passed in Parliament:  “The Commission will continue to analyze and examine the obstacles facing the investment process in order to remove them, and have the power to instruct the National Investment Authority to grant investment license if meet the requirements and legal requirements for the projects before the Committee”  I hope I’m wrong, but I don’t believe Abadi can make decisions outside the law and constitution, otherwise the opposition will accuse him of overstepping.  Besides, how legally binding is an executive order that contradicts the law of the land? It’s still too risky for potential investors. Pass the laws.
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Aggiedad77 (Dinar Guru) –   Article:  “The Association of Private Banks and the International Monetary Fund are discussing the challenges facing Iraq’s economy”  …continued discussions regarding Iraq’s economy…the IMF is so very interested in Iraq…but even more than that…IMO they are very interested in seeing Iraq succeed…The IMF IMO knows that bigger things are in store for Iraq and how they will be impacting the world in which we live…they are encouraged by Iraq’s drive to put emphasis on more than just oil…they need other avenues and they are doing their best to lift up these other industries for the world to utilize...And these bankers are not sitting idly in their offices and letting time go by, they are making the necessary efforts to get their people trained…trained to work more effectively in an international market place…watch for it…the BEST is coming…IMO…soon. 

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MilitiaMan (Dinar Guru) –  Article:  “For economic reforms and upgrading of banking institutions”  Very good article and one point of many it is they used a gold component to the dinar valuation…in the past and it shows on the CBI website they will again too, imo. They had a value of $3.20 then and talk  now of $1.20. Either way it is a good thing.. imo.
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MilitiaMan (Dinar Guru) –   Article:   “$200 million to support stability in liberated areas”   Quotes:  “The World Bank has allocated $ 200 million to implement the emergency project to support the stability of the liberated areas…”  “…the project will be launched at the end of September…”   End of September, interesting timing. I’ll bet there are strings attached, as in raise the rate on the IQD first. Imo.
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Central Bank to Tackle Hoarding of Iraqi Dinars

The Central Bank of Iraq (CBI) has held symposium entitled “Analysis of the phenomenon of Hoarding in Iraq“, addressing the problem of people hoarding Iraqi dinars (IQD), and not making them available to the banking system

During the seminar, the Governor of the Central Bank, Dr. Ali Mohsen Ismail (pictured), pointed out that cash is not available as planned, and that the CBI is drawing up plans to solve this problem and attract money into the banking system…

Read More: http://www.dinarupdates.com/blog/
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Kaperoni (Dinar Guru) –   Article:  “Three-quarters of the money supply outside banks and the central circle .. calls for investing”   I hate to say it, but this is another article that speaks as if they do not know what they should do.  As we have said over and over, they need to get parliament to do its part…passed the laws, strengthen the CBI and get deposit insurance in place.  Doing so will invite foreign investment, create a revenue stream outside of oil and help them turn the economy around.  Iraq tends to do nothing, then complain about it. It’s got to be frustrating for Ali al-Allaq, he has been waiting for his revised CBI Law and parliament keeps kicking it down the road.
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MilitiaMan (Dinar Guru) –   Article:  “Controller and Auditor”   Quote:  “External auditors have contracted with internationally recognized and reputable companies such as Ernst & Young, KPMG and PLC, internationally recognized and recognized international audit and account management companies, financial statements and budgets.”   This to me is telling us they are fully ready to do what is expected of the CBI with international standards. They have contracted with some very big names that are respected globally and that tells me they are not going to be at a program rate in the proximal future…imo.
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Aggiedad77 (Dinar Guru) –   Articles:  “Abadi close: Barzani will announce the postponement of the referendum after American threats” “Parliament of the region will postpone the referendum with an American advice”   Whatever it takes IMO…don’t mess with the plans at this stage of the game…wait until you see what will be coming to you…then if you want to upset the apple cart…more power to ya’…IMO…Abadi…say the right words, use the right speech…show the Kurds what is behind Door #2 for them…or would they simply rather have the parting gifts. 
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Stratfor Strategies current Kurdish Analysis

After several weeks of meetings, the major Kurdish parties — the Kurdistan Democratic Party (KDP), the Patriotic Union of Kurdistan (PUK) and the Gorran Movement — have made a breakthrough in negotiations. The meeting Sept. 12 was the first trilateral intra-Kurdish political meeting in two years, and the groups seem to be in the final stages of agreement on several key points that make up the seven-point agreement they are negotiating. Even though the Iraqi Kurdish parties seem to have finally hashed out a partial agreement, there are many more negotiations ahead. And it remains to be seen whether this breakthrough will be enough to overcome opposition to the Kurdistan independence referendum…

Read More: http://www.dinarupdates.com/blog/
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Adam Montana (Dinar Guru) –   [What would a independent Kurdistan mean to our hopes and dreams to retire via nice RV? Do you still believe they will never separate?]   I still don’t think they will split…  But I LOVE how this current situation and the events unfolding right now are pushing things in a very positive direction. Things are looking very good for us right now!
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Adam Montana (Dinar Guru) –   Speaking of being completely unified, here’s something that is certainly going to influence Iraq to put the brakes on a Kurdish separation… they would lose the entire border of Turkey, a country that has been a great ally to Iraq recently, and they would have an entirely new “neighbor to the north” (the Kurds)…  Does anyone really think that sounds appealing to Abadi or anyone else? I don’t think so! So it is in their best interest, at this time, right now, to get moving on the HCL, increase the value, and everyone will completely forget about the splitting of Kurdistan and Iraq for a while!    With THAT said, we still have the upcoming referendum, and it’s certainly a good reason for Parliament to kick their HCL in the butt! If it’s going to happen, I will  not be surprised to see this thing launch right before the upcoming event, so perhaps the 21st is our day.  [post 2 of 2]
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Source: Parliament of the region will postpone the referendum with an American advice

Source: Parliament of the region will postpone the referendum with American advice

Baghdad – A source familiar with the Kurdistan Regional Parliament, will vote to postpone the referendum of the Kurdistan on 25 September to another notice.

The source told the agency of all Iraq [where] that “the parliament of the region will hold its meeting tomorrow after a break of more than two years of political differences, and will vote to postpone the referendum,” noting that “this step came as a US advice as a way out of the crisis.” The source preferred to “boycott the two blocs of change and the Islamic Group reserved to the referendum for the session.”…

Read more: http://www.dinarupdates.com/blog
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Adam Montana (Dinar Guru) –   we still have a date for a Kurdish referendum later this month, so the question of the day is… what, if anything, do we know is being done by those in Baghdad who may not want to see a Kurdish secession?   Iraq in general is not in favor of it, lawsuits have been filed (presumably on the grounds that the upcoming referendum is unconstitutional or a variety of other reasons), and there are signs of certain Kurdish leaders willing to negotiate with Baghdad…in my opinion, that simple fact right there is reason to think they aren’t really serious about the split. Sure, they may SAY they are, and posture accordingly, but the leaders of the secession movement and the PTB are simply not in sync. Nothing as major as a complete separation can possibly happen unless the Kurdish are representatives completely unified.  [post 1 of 2….stay tuned]
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Aggiedad77 (Dinar Guru) –  Article:  “Abadi: Our achievements are great in the field of security and economy”     IMO we can all understand the leaps and bounds that Iraq has made since 2014 with their security…look what they just whipped and kicked out of their country…  Do you also fully realize the full circle they have come with economic issues…they are poised for the world in so many ways…this MR has flowed so wonderfully…it is getting closer to us, can you feel the heat of the lava flow…feel the presence in this month like never before…  IMO the meetings and the speeches of this month are paramount in importance…so is the time upon us…you think…it sure seems like it doesn’t it…it does IMO…the BEST is coming.
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Rafidain announces the application of electronic banking system instead of paper

Baghdad – Journal News Rafidain Bank announced on Wednesday the close application of electronic banking system instead of dealing paper in the completion of transactions of citizens.

The Information Office of the bank in a statement received by the «Journal News», customers to review branches in Baghdad and the provinces for the purpose of updating their data and complete the necessary documents related to them in preparation for the application of the comprehensive banking system.

The statement pointed out that “the bank has reached stages and advanced steps in the application of the electronic system.”

He added that “this system allows the citizen to benefit from the facilities provided by the bank through the completion of operations and simplification of procedures as well as clean the archive and bank inventory.”

Read more: http://www.dinarupdates.com/blog
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Chattels (Dinar Guru) –   Article:  “Peshmerga ready for Hawija, unsure of coordination with Hashd”   Quote:  “The province is a diverse home to Kurds, Arabs, Turkmen, and Christians. As one of the Kurdistani or disputed areas, it is claimed by both Baghdad and Erbil.”  Less than two weeks until the Kurdish referendum and the daily rhetoric for and against it is increasingly bitter.  Abadi(‘s)…position is that the Kurds cannot secede without the consent of the rest of Iraq.
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MilitiaMan (Dinar Guru) –   Article:  “Masoum and Abadi to New York soon to attend the UN General Assembly”  Truly a sign of the times… Both are going to New York, and we see Abadi has already met with Kubic of the UN.   He was in full support of Abadi and what he has accomplished.  Keep in mind they have parliament in session if I read that right going over the electronic ration cards as we speak and the national oil company.  Do we all see the picture being painted…
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Aggiedad77 (Dinar Guru) –   Article:  “The Government approves the tasks and mechanism of the Higher Committee for Investment and Reconstruction”   On the surface this little article seems to be nothing big…but look who approved the tasks…the CABINET…Abadi’s Cabinet…on a Monday…out of the ordinary they would meet today…they normally meet on Tuesdays…  Then look at who all was there, most of the Cabinet and ALLAK…why would this kind of high powered Iraqi group need to meet for what a committee was doing…hmmmmmm…is your interest perked up yet…they are considering the LL (long line) IMO…and IMO…they seem to be getting obstacles out of the way…What for…getting ready for implementation of things…investments …companies and countries coming in…this is HUGE IMO…simply HUGE…it’s pointing us towards good things to come…IMO.
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The government is finalizing the 2018 budget. Parliament is expected to arrive next month

Special – Mawazine News The deputy of the Committee on Economy and Investment parliamentary Najiba Najib, on Thursday, the government to finalize the draft budget in 2018, while expected the arrival of the bill to parliament next month.

The parliament approved last year most of the articles of the financial budget for 2017, which included the deduction of salaries of employees and the imposition of taxes on the travel sector and refused to grant employees leave for five years.

“Najib told Mawazin News that the central government is in the process of finalizing the draft bill of the budget of 2018, before sending it to the House of Representatives to vote it expected at the same time the arrival of the draft budget next month to parliament
There are expectations in parliament that the government will work to reduce the financial budget for matters related to (military operations) considering that Iraq is close to ending all operations against elements of the organization calling for the terrorist.

Read more: http://www.dinarupdates.com/blog

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Kaperoni (Dinar Guru) –   “The CBI has also requested the technical assistance of the IMF Legal and Monetary and Capital Markets Department to analyze the reasons behind the rise of the exchange rate spread”  …in the last Article IV dated last month, the CBI had requested the UST and the IMF to help them get in compliance…that gives me hope they can get in compliance… and once they do, they will accept Article VIII, which will open the banking system to the world, allowing international investment, etc.  So if that occurs, we may see such an effect by end of year.  I do believe it is well documented that the world wants to come to Iraq and invest.  If, Iraq could ever set the stage, by that meaning pass the laws, get the banking system in order, they have the potential for billions of dollars in private investment.  So hang in there. 
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Adam Montana (Dinar Guru) –   …we do have some encouraging tidbits. OPEC – there are already talks of extending the current agreement, which Iraq is in a great spot to take advantage of.  Most of the news you will see and hear is glossing over the very important fact that Iraq has an exemption in this deal. This is a big deal for them, and the more the media ignores it, the more I like it!  Kurdish Independence – the date for the Referendum, however meaningless it may turn out to be, is still September 24. This gives us a mere 18 days between now and then to potentially see some big news on several fronts. We are standing by for news to pop, probably out of nowhere, unexpectedly, and possibly groundbreakingI’m sure you’ve heard the phrase “the calm before the storm”…and I’m not talking about Irma!   [post 1 of 2….stay tuned]
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Breitling (Dinar Guru)  …It’s very simple for them to start adding value to it [dinar] especially with what they’ve already done.  Again and again and again I get emails from people asking, “What do they need to do?”  Iraq doesn’t need to do anything.  They’ve gotten their currency down to where you and I can exchange for up to .54 or 55 cents.  Where are they going to come out?  I don’t know.  Can they pull more dinar off the market?  Sure they can.  I haven’t seen any reports on what they’re doing.  There really hasn’t been anything out there…there hasn’t been for a while.  I know what they’ve already done.  And I know what you and I can exchange at.  And I know they’re primed to do it.  And I know what the market is and it’s a long trend.  That’s what they have been waiting for.
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Iraq gets the certificate GMP international

Razi Centre for research and production of medical diagnostic number of industrial research and development body, a Ministry of industry and minerals, Thursday, on receiving a certificate of good manufacturing practice GMP Of a company (Vexil Business Process Services) And for the first time in Iraq .

The Commission said Abdul Ghani Jafar told the Emeritus has gone through the media, that the “certification of Razi was the result of efforts and commitment to global standards for application of the quality system and in particular specifications GMP And which entailed obtaining good manufacturing practice certificate, adding that the center holds a quality certificate ISO 9001 : 2008 ) ) Of the pixel company “.

Read more: http://www.dinarupdates.com/blog

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Iraqi-Kuwaiti agreement on joint exploitation of oil wells

“New” newspaper, Wednesday, Iraq and Kuwait agreement on joint exploitation of oil fields between the two countries, after agreement with global consulting Office, to prepare a study with a mechanism to develop common fields.

According to the paper, according to a Government document obtained by Iraq, and Kuwait signed a memorandum of understanding on joint exploitation of oil fields “, stating that” the scope of the MOU include the development and optimization of the fields on both sides of the international border between the two countries, namely in ritqa in North State of Kuwait, Rumaila and Safwan fields in southern Iraq.

She said “the two countries have conducted negotiations on the sharing of border oil fields for more than seven years, but oil experts considered that this file was a lot of technical, security and political complexities, what makes it difficult to implement, since things have been stuck since that date.

Read more: http://www.dinarupdates.com/blog

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Iraq ‘s economy depends on a new mechanism to distribute the salaries 

The project is expected to be completed by the end of the current year, the project of automation of salaries or what is known as electronic settlement through the use of smart card, as all the employees of Iraq, about 4.5 million, representing 10 percent of the population of smart cardholders, and receive salaries from banks Via this card with different uses.

The Iraqi Council of Ministers requested that the Ministry of Planning and Development Cooperation coordinate with the Ministry of Finance and the Central Bank of Iraq to issue a unified job number for the employees of the government departments, for adoption mainly in government databases.

The Council of Ministers also granted the employee the freedom to choose a bank approved by the Central Bank in the process of settling salaries to open a bank account in preparation for receipt of his salary through the account electronically under a bank card.
The project is an important step that will contribute to a qualitative change in the life of Iraqis with the presence of so many employees.

Read more: http://www.dinarupdates.com/blog
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UN: Iraqis deserve to live in peace, dignity, prosperity

The Special Representative of the United Nations Secretary-General (SRSG) for Iraq, Jan Kubis, extended on Friday his warmest wishes to Muslims across Iraq for a peaceful and joyous Eid al-Adha.

“As we wish you peace and prosperity on this blessed occasion, our thoughts and prayers go to all the martyrs and fighters of all liberating forces, to all those that provided support, to all civilians affected by the conflict, notably to the millions of displaced who are celebrating the Eid in IDP camps,” he stated.

The liberation of Mosul should not conceal the fact that the road ahead remains challenging. The Eid once again arrives as Iraq continues to be pounded by cowardly terrorist bombings, resulting in innocent victims. Iraqi forces, which triumphed in Tal Afar today, are continuing the fight to liberate other areas of Daesh terrorists, the SRSG said.

“But hopeful days lie ahead for Iraq”, Kubis stressed, urging Iraqis to take all feasible steps to build on the military victories against the terrorists and ensure a future for their families free of conflict.

Read more: http://www.dinarupdates.com/blog/
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MilitiaMan (Dinar Guru) –  Article:  “Iraq ‘s economy depends on a new mechanism to distribute the salaries of 4.5 million employees”   Quote:  “The Council of Ministers also granted the employee the freedom to choose a bank approved by the Central Bank in the process of settling salaries to open a bank account in preparation for receipt of his salary through the account electronically under a bank card.”    If the above article is not confirmation of what we have learned to date…I don’t know what is! This should have everyone speechless…The pieces of the puzzle are unfolding under cover of a Holiday, imo.. Tell me things are not solid as a “Glory Day Dinar”! They make deposits and will need access to Dinars when they need them even when branches are closed. imo…
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Breitling (Dinar Guru) –  I’ve gotten a lot of emails about one of my favorite articles that came out last month.  Currency war talks restarts after Jackson Hole Wyoming and the language and the posture of the leading central bankers over the weekend shows that tensions over exchange rates  are starting to heat up again.  …Currency wars are the tip of the spear when it comes to economic warfare.  That’s the number one weapon we have…there’s an investment opportunity during the currency wars…how does this currency war effect Iraq?  …This actually helps us…Iraq has a huge huge card in this game and that’s their currency.  It’s always been like that from day 1.  That’s their way out.  That’s their way to regenerate their economy.  They are very happy about it.  They know what’s coming down the road…So what’s Iraq going to do?  They’ve kept their currency at a 10th of a penny for a reason…  [Post 1 of 3: Stay tuned for the rest of the story]

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Iraq announces preliminary crude export statistics for August

The Ministry of Oil announced on Saturday the rate of exports and revenues achieved for last month, according to preliminary statistics issued by the Iraqi oil marketing company “Sumo”, where the amount of exports of crude oil more than (99) million and (700) and (761) barrels , With revenues of more than (4) billion and (608) million dollars.
The spokesman for the Ministry of Oil Assem Jihad said in a statement that the total quantities exported crude oil last month of oil fields in central and southern Iraq amounted to more than (99) million and (700) thousand and (761) barrels, while the statistical exports of Kirkuk fields.

He pointed out that the daily rate of exports amounted to (3) million and (216) thousand barrels. Jihad said the average price per barrel amounted to (46,223) dollars.

Read more: http://www.dinarupdates.com/blog/

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Enorrste (Dinar Guru) –   Article:  “Central Bank of Iraq: reap the success of monetary policies .. ”   This article …clearly refers to moving to a floating dinar rather than to an RV.  Oh, it also makes it clear that the IMF is behind all of this maneuvering.  I agree with KAP [Guru Kaperoni…reference post 8-28-2017]:  can’t expect much in terms of incoming investment until the IMF has completed its work to get Iraq positioned to move from Article XIV to VIII.
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Kaperoni (Dinar Guru) –    Article:  “Economic attacks the central bank warns of the imminent collapse of the currency”   Quote:   “The Iraqi Central Bank to conduct the recent lifting of Iraq ‘s reserves data from the dollar on the website of the bank, evidence of the lack of transparency among its employees with public opinion.”   I think he is saying since the CBI has not updated the statistics on the CBI website, they are hiding something.  He references the reserves not being at the level presented and at least equal to the dinar in circulation. To be honest, it is hard to find anything on the new website.

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International tribute to the government’s reform measures

The governor of the Central Bank of Iraq and the Bank of the International Monetary Fund praised the procedures reform in the monetary and fiscal policy conducted by the government and central alike, noting that more than 250 companies from different nationalities competed to buy the international treasury launched by Iraq Majara.oukal.

Keywords in bonds dialogue with the «morning»: the «general budget for the current year law included the issuance of international bonds worth US $ two billion as part of the deficit in the budget of the year 2017», noting that «the first billion was issued a guarantee from the US government, which helped to reduce the amount of interest to the limits of 2 percent and Iraq need this kind of guarantee that bonds the second meal worth one billion also issue an interest rate higher than the first, at that when the pool Alvaidtan interest is acceptable and does not constitute weight to the public treasury of the state. »

Read more: http://www.dinarupdates.com/blog

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Political and parliamentary welcome to the openness of neighboring countries to Iraq

Baghdad / Muhannad Abdul Wahab The regional calls expressed in recent days by regional and global neighbors have been greeted by a wider political welcome with more political and economic openness with Iraq.

He called on politicians and members of the House of Representatives to support the government in the implementation of its program to open up to all countries of the region and the world to strengthen the status of Iraq’s economic and international, stressing that the reopening of the Trebil crossing gives an important message to defeat the “da’ash” terrorist, stressing the importance of this openness, which will save millions of jobs For Iraqi youth. It is noteworthy that Prime Minister Haider Abadi recently received the Minister of Foreign Affairs and Affairs of Jordanians Ayman Safadi, Abadi stressed Iraq’s keenness to develop cooperation with the Kingdom in various fields, praising the close cooperation in the face of various challenges, for his part Safadi said, Iraqis in the war on terror, which is a common enemy must unite all efforts to defeat. ”

Read more: http://www.dinarupdates.com/blog

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Methodology of financial reform

Thamer Hymes *We are encouraged by the serious and sincere proposals for the development of our economy that two well-known Iraqi women have demonstrated experience, loyalty and academic weight. They are developing successful visions to cope with the unusual conditions and published by Al-Sabah.

Dr. The appearance of Mohammed Saleh proposals can be implemented through his vision of the potential and the circumstances surrounding; it puts its touches on the financial reform of the years (2018 2020) in the light of financial conditions and ways to address and the strengthening of non-oil resources.

Professor Adnan al-Janabi, one of the engineers and founders of the National Oil Company and the veteran parliamentarian, turned the equation to distribute the oil resources to the people under Article 111 of the Constitution by adopting a tax system for the state to carry out its duties.

Read more: http://www.dinarupdates.com/blog

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DU Conference Call repost

Sorry about getting this posted late. Our normal banner provider is in the middle of server/software maintenance. This is the only posting of this call replay (no banner).

 Aug 24th – DU Conference Call Link

For a limited time – I am personally handling the sale of some privately held Dinar. It is from a premium source and is in excellent condition (Uncirculated 25k notes).

If you would like to add to your Dinar holdings while it is still possible, send me a PM via FaceBook (in the Private Group) or send an e-mail to DinarUpdates@comcast.net . I will make the arrangements.

Thanks

BGG

P.S. This is for a friend with significant holdings needing to “save the ranch”.
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We are Stabilizing IQD Exchange Rate without a space for Speculation: CBI Governor

On Sunday, the Governor of Iraqi Central Bank issued a statement that main objective of CBI is to stabilize the balance between the sale of U.S dollar and demand in the domestic markets. He also added that the sustainability shouldn’t be considered an edge of speculation and huge profits. The Governor of CBI delivered his words in a press interview with Alsumaria News and indicated that the Bank is looking to maintain a balance between the sales of U.S dollar and to keep it stable. He pointed out that the balance of foreign currency has become strong in the past couple of years and there isn’t any kind of space for speculation and huge profits. He added that Iraq has been experiencing some exceptional circumstances and a significant amount of decline in the global oil prices was considered one of the major reasons behind the economic and financial crisis in the country.

Read more: http://www.dinarupdates.com/blog/
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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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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

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