Trump Abadi meet at the White House

Twilight News / US station CNN reported that the president of the United States, Donald Trump will host Prime Minister Haider al-Abadi said on Monday.

Abadi and arrived this morning to the United States, according to the announcement by the Iraqi government in a statement.

Abadi on Sunday and went to the United States on an official visit at the official invitation of US President Donald Trump.

He will meet Abadi, in addition to the US President a group of administration officials, including Vice President and Foreign Minister and Chairman of the US House of Representatives as well as meetings with members of Congress and the Senate.

The focus of meetings Abadi to enhance cooperation between the two countries in the security, military, economic and other fields.

And it will also meet a number of institutions and international organizations will attend the international coalition foreign ministers’ meeting to eliminate Daesh.

Iraq has hailed the days before the US president’s decision excluding Iraq from the list of countries whose citizens are prohibited from entering the United States.

The United States leads the US component of an international coalition of more than sixty countries launched air raids on the stronghold of al Daesh in Iraq and Syria.

Also it resides on the territory of Iraq more than four thousand US troops in charge of training Iraqi forces and provide advice in the war against Daesh as supporting Iraqi forces through helicopter gunships and artillery shelling.

Countries and the associated long-term strategic agreement paved the way for the withdrawal of US troops from the race in late 2011 and regulate the relationship between the two countries in the military, political, economic and other fields.

Abadi to Washington to meet with Trump

Security files reconstruction at the top of the agenda of his talks

BAGHDAD Prime Minister left the Commander in Chief of the Armed Forces, Haider al – Abadi, on Sunday to Washington, in a visit where he will meet US President Donald Trump, for talks on the number of files, security, economic, especially.

He will also meet Abadi, who hoped to participate in the twenty – second of the month conference to combat terrorism, held in Washington, a number of international coalition led by the United States to discuss ways to speed up the elimination of “Daesh” leaders.

Before leaving Baghdad, described the statement of the Prime Minister ‘s Office, the visit as “important” and knock the elimination of terrorism files, and activation of the strategic agreement signed between Iraq and the United States, the top priority Abadi talks with President Trump.

According to the statement, which was obtained by the “morning” a copy of it, that “al – Abadi went on Sunday, the US official invitation of President Trump , ” pointing out that ” the Prime Minister will also meet a group of administration officials, among them Vice President and the Secretary Foreign Affairs and chairman of the US House of Representatives. ”

The statement said, that al – Abadi, will meet during his visit to Washington, a number of members of Congress and the Senate to strengthen cooperation between the two countries in the security, military, economic and other fields, as well as a meeting with a number of international institutions and organizations, and attending external international coalition ministers ‘ meeting to eliminate Daesh.

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Statement at the End of an IMF Mission on Iraq

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. 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.

In 2016, real GDP growth was sustained at 11% supported by a large increase in oil output that benefitted from past oil investments.

In 2017, economic activity is expected to remain muted due to a 1.5% contraction in oil production and only a tepid recovery of the non-oil sector.

Further reforms to create fiscal space for inclusive growth, strengthen the business environment, reduce corruption and repair the banking sector are needed to support private sector-led growth and diversification of the economy.

International Monetary Fund (IMF) held discussions in Amman from March 5–17, 2017 on the 2017 Article IV Consultation and the second review of Iraq’s 36-month Stand-By Arrangement (SBA) approved by the IMF Executive Board on July 7, 2016 (See Press Release No. 16/321). The SBA aims to restore fiscal and external balance and to improve public financial management while protecting social spending. The first review under the SBA was completed on December 5, 2016 ( See Press Release No. 16/540).

Mr. Christian Josz, Mission Chief for Iraq, issued the following statement:

“Iraq has been hard hit by the conflict with ISIS and the plunge in global oil prices since 2014. The government has responded to the fiscal and balance of payments crisis with a large but necessary fiscal adjustment supported by financial assistance from the international community. In 2016, real GDP growth was sustained at 11 percent supported by a large increase in oil output that benefitted from past oil investments. Nevertheless, the non-oil economy experienced an 8 percent contraction due to the conflict and the fiscal consolidation. In 2017, economic activity is expected to remain muted due to a 1.5 percent contraction in oil production under the agreement reached by the Organization for Petroleum Exporting Countries, and only a tepid recovery of the non-oil sector.

“The plunge in oil prices has driven the decline of Iraq’s gross international reserves from $53.7 billion at end 2015 to the still comfortable level of $46.5 billion at the end of December, 2016. Fiscal pressures remain significant with the government deficit remaining at 12 percent of GDP in 2016, due to continuing weak oil prices and rising humanitarian and security spending. Total public debt increased from 32 to 64 percent of GDP during 2014-16. Credit growth decelerated and non-performing loans in state-owned and private banks increased significantly in 2016.

“The authorities have maintained the exchange rate peg which remains a key nominal anchor. Medium term growth prospects remain modest driven by projected flat oil production and investments in the face of the revenue constraint and modest pickup in non-oil growth supported by the expected improvement in security and implementation of structural reform. Further reforms to create fiscal space for inclusive growth, strengthen the business environment, reduce corruption and repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway. Risks remain high, arising primarily from uncertainty in the oil price outlook, security and political uncertainties, and administrative weaknesses.

“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.

“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.”

Read More: http://www.dinarupdates.com/showthread.php?47496-Statement-at-the-End-of-an-IMF-Mission-on-Iraq
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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]

Eat Well – Lose Weight!!

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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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Planning: Contractors will reimburse 100%

Economy News / Baghdad …The Ministry of Planning, on Monday, to reimburse contractors will be 100% of the completed projects exceeded 85 percent, indicating the completion of the audit about a trillion and 300 billion dinars.

The Minister of Planning Dr. Salman al-Jumaili during a meeting with Chairman of the Investment Committee in Parliament MP Jawad al-Bolani and a delegation of businessmen headed by Chairman of the Federation of Iraqi contractors Alsnava in a statement “the economy News” received a copy of “The government seeks to reimburse contractors by liquefied government bonds issued by the Bank CBI after conducting financial audits by the BSA. ”

He Jumaili that “the proportion of payment for projects that exceeded the percentage of completion in which 85% will be increased by 100%, provided the contractor pledged to the completion of the entire project, as will be paid 40% of the projects that the completion rate less a 85% dues,” noting that “the completion of scrutiny about trillion and 300 billion dinars and will be launched to the beneficiaries. ”

He Jumaili “to the Ministerial Committee on Economic Affairs has recently taken a number of important decisions and actions in support of the private sector and protect the national product,” pointing out that “the Iraqi construction sector is a key pillar in the development process of construction, which requires giving the sector the desired attention in order to be effective in the expansion of the investment process in the country.

He said the Federal Office of Financial Control, in December 2016 about the existence of 1405 for the treatment of non-dues Contractors matching, indicating the presence of 77,000 treated for dues peasants under scrutiny.

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.

Parliamentary economy suggests the discontinuation of the ration system and distribute cash instead.

Parliamentary economy and Investment Committee proposed Monday off the ration system and distributing cash to citizens rather than vocabulary contained in the card.

Dulaimi olive Committee member in an interview for “trend,” said that the subject import ration vocabulary by the Ministry of Commerce has proved its failure and the citizen do not benefit from it because of the corruption that marred deals a lot of contracts between the Ministry and the suppliers to the vocabulary of food card, causing a waste of public funds.

The Government was importing ration card and most citizens don’t want them being available in local markets at very low prices such as rice and flour, while the State is importing these articles at exorbitant prices, indicating that the card vocabulary replacement money and give it to the citizen is the perfect solution to eliminate the corrupt file this file.

The remarks came after Indian rice material distribution “incorrigible” into the vocabulary of ration agents in the southern provinces of Iraq, raised a lot of controversy because of her gowns, and the bastradha.

Iraqi Dinar/Dollar auction 03-20-17 (most recent listing)

Currency Auctions Announcement No. 3404

This daily currency auction was held in the Central Bank of Iraq on the 03-20-2017

The results were as follows:

DETAILS	NOTES
Number of banks	35
Number of remittance companies	11
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	164,418,642
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	164,418,642
Total offers for selling (US$)	—–

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

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Baghdad and Washington are discussing opening by Iraq with Jordan and file Khor Abdullah

Baghadad/SNG Search by Army Chief, General Othman Al ghanmi, Sunday evening, with the central region commander General Joseph votel, Commander of coalition forces in Iraq and Syria General Townsend and their Entourage, the format for the open road link between Iraq and Jordan.

And the Iraqi Defense Ministry said in a statement that the meeting nlkosh in the presence of aides and Army Chief corner, officers ‘ conduct ongoing military operations in Mosul, adding to the support pieces involved edits and a number of issues on the agenda. ”

“As the meeting addressed a number of important themes notably support the armaments and equipment of the Iraqi army units and also coordination with the Jordanian side to open a road link between Iraq and Jordan and secured as well as Khawr file and its importance for Iraq security and economically, providing a detailed brief by Naval Force Commander on the Khor Abdullah and protect waterways and regional water sharing.”

For his part, General votel pleased major victories by Iraqi security forces in Mosul which gained the admiration of every country in the world, at the same time affirming the commitment of the coalition countries chiefly United States in providing all kinds of support at this stage and beyond to eliminate terrorist ISIS. ”

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

SBA 2016 RECAP

Robert Cook CSW CSS CBP CST CTC

Iraq:

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

12162016

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CURRENCY	CODE	SELL	BUY
US dollar	USD	1184.000	1182.000
Euro	EUR	1271.261	1270.625
British pound	GBP	1463.306	1462.574
Canadian dollar	CAD	—–	—–
Swiss franc	CHF	1187.444	1186.850
Swedish krona	SEK	134.374	134.307
Norwegian krone	NOK	139.664	139.594
Danish krone	DKK	170.999	170.914
Japanese yen	JPY	10.436	10.431
Special Drawing Rights	SDR	1606.475	1605.672

Dinar Daily NEWS Blog – Mar 20