Muqtada al-Sadr preaches to demonstrators in Baghdad on Friday. Photo: Rudaw TV
Sadr: I may be assassinated, but reform revolution must continue
BAGHDAD, Iraq — Influential Shiite cleric Muqtada al-Sadr gathered today with hundreds of thousands of his supporters in Baghdad’s Tahrir Square, where he said could be assassinated, but encouraged them to continue their demonstrations and protests in the capital until all corrupt government officials are removed from their posts.
“No matter what ethnic or religious group the corrupt belong to, we will stop them and shake their seats,” Sadr said. “The seats of those who enriched themselves at your expense.”
Sadr told his cheering supporters that government and party officials tried to manipulate the election law in order to stay in power and warned that unless the laws and commission presiding over the elections are changed his party and people will boycott the next vote.
“In next elections, never vote for the corrupts,” Sadr told his supporters amid chants of “Yes, yes to Iraq” and “Your vote is for freedom and your demonstrations will be their end.”
Iraq is scheduled to hold provincial elections this year and general elections next year. However, the displacement of some 3 million Iraqis because of the fight against ISIS complicates the process.
“They try to manipulate the election law. But I tell you to vote for the clean ones and those against corruption and sectarianism, Sadr said.
“I want you to do a revolution through the ballet box.”
As he had done on several occasions before, Sadr voiced strong criticism of Iraq’s election commission, saying: “The existence of this election commission is a crime because they will keep these corrupt faces in power. Unless they change these faces we will not take part in the elections if they don’t make changes.”
On Friday, he advised the crowds that he may one day be killed or silenced but that they must continue their demonstrations and “reform revolution.”
“Iraq’s corrupt leaders are not corrupt alone they also have money and arms,” Sadr said. “They will do their best to sow the seed of sectarian strife.”
Demonstrators in January called on Sadr to resume leadership of the protests.
“But we are not cowed by threats and death,” he went on. “Many tried that before and failed.”
He said that “If they succeeded in assassinating me” his followers should continue “the reform revolution without fear or exhaustion. No one should say Muqtada is gone there will be no reform.”
“It will be for God and the country,” Sadr insisted.
Previously, riot police have been used to disperse the crowds and some protestors were reportedly arrested.
“Also keep the peacefulness of your gatherings and demonstrations to the end,” he added. “Iraq should not go back to square one.”
Rudaw.net
Iraqi oil exports from the south reached 3.163 million barrels per day
Economy News / Baghdad …Source in the oil sector said that the average Iraqi oil exports from the south reached 3.163 million barrels per day since the beginning of March due to bad weather and the decline in production due to maintenance operations as the country seeks to comply with OPEC’s agreement to cut oil production by more.
The source said that the production in March fell more than 210 thousand barrels per day, the size of the required reduction from Iraq in the OPEC agreement.
He added that the production from the Rumaila fields, the largest country fell by about 70 thousand barrels currently to 1.38 million due to maintenance work.
He added that Iraq has cut about 210 thousand barrels per day from the southern fields that operate international oil companies and other fields operated by national oil companies.
He stressed that the production from the north came down by about 30 to 40 thousand barrels since the beginning of March, compared to February.
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The role of the private sector in the management of the national economy
Economy News / Baghdad …All incoming indicators in the budget for the year 2017 indicate that the non-oil revenues will be at a higher rate compared to what has been allocated for previous years. This means that the government is planning to start the transition from a rentier economy to production, diversification of resources and reduce dependence on oil from 95 percent to 85 percent ratio in 2017 of the total revenue. In order to do so there must be a clear role and program decree to involve the private sector in the management of the economy.
This comes through the rebuilding of the institutional structure of the private sector in the legislative, motivational and procedural aspects in line and matches the axis (III) of the government program (to encourage the shift to the private sector) and the implementation phases of its development for years strategy (2014-2030) launched by the government in February 2015 that actually start these programs immediately establish mechanisms for the involvement of the national private sector in the economic decision-making in accordance with the overall view of the stimulation in all production sectors, including mainly in agriculture, industry and construction (housing and construction), energy, services and tourism, and adopt the government and the representations sector Special programs and contributions and operating procedures calculated and supported financially and legally, and to be in 2017 is actually in the private sector.
In order to achieve this the government must take the first place the establishment of a Higher Council for the private sector is composed of representatives of the private sector and the government assume management and supervision, audit and evaluation of programs and policies designed to industry decisions required to achieve the central economic objectives in partnership and cooperation between the private and public sectors.
So I see that the stage and experience experienced by economically Iraq since (2003-2016) need to be analytical pause and evaluation sincere in order to build the national economy, according to look at a new strategy for the transition to a market economy, according to the program prepared by the government and approved by the Iraqi Council of Representatives included six themes, notably economic axis, which emphasizes the need to implement important stages towards building a strategy for the development of the economy and support the development of the private sector to take its role in contributing to the construction of the new economy and diversify its resources to balance without relying largely on the oil.
For the purpose of discussing and studying the economic reality that Iraq is going through must stand logical, scientific and economic analysis on the most prominent themes that requires finding solutions in order to build proper introductions to move to the mechanisms of the market economy prompt. Requires for the purpose of implementing the private sector development strategy of the government and the private all banking, industrial, agricultural and service fields of participation and cooperation in the application of development trends that achieve progress, medium and long goals and strategy sector. This means the involvement of the private sector a greater role in economic decision-making and leadership of the market industry through the following:
1. Contribute to the improvement of the business environment in Iraq and the provision of encouraging investment climate to attract national and foreign capital and encourage the achievement of partnerships between the public and private sector.
2. Contribute to the creation of a new legislative environment based on its terms of reference to Article 25 of the Permanent Constitution, strategies and laws on economic reform and the development of the private sector to ensure its activation and leadership of the market in the future.
3. Sustain and activate the partnership, dialogue and cooperation between the government and the private sector.
4. Contribute to policies, mechanisms and strategies and participation in the implementation of the follow-up to resolve the transition to the programmed stages of time-to-market economy status.
5. Work on the provision of additional sources of financing of the general budget of the State to adopt the development and diversification of resources towards raising the proportion of other resources in the non-oil GDP.
6. To encourage the creation and development of micro, small and medium enterprises to achieve comprehensive and sustainable, including the formation of specialized institutions for the purpose of development.
7. Cooperation in ensuring the implementation of the central plans in the provision of infrastructure to encourage and develop the private sector in industry, trade, agriculture, tourism and mineral resources, energy and services.
8. Activating the role of specialized banks and private banks to provide soft loans to the private sector and the national as well as finding solutions to the problems of taxes and accrued interest resulting from the owners of the stalled production projects and the development of short- and medium-term fiscal policy solutions.
9. Coordination and cooperation with the ministries of financial and statistical institutions involved in building a statistical base and financial information and ensure transparency.
10. Actively participate with the government in the implementation of the restructuring of public companies and facilitate partnerships with the private sector procedures.
11. Contribute to ensuring the quality of local products and services and imported standards.
12. Cooperation and contribute with relevant institutions in the rehabilitation and specialized training in the private sector human resources.
13. Encourage private banks to invest in economic projects so as to enhance the proportion of its contribution to GDP and to speed up legislative amendments to achieve this goal
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BGG (Dinar Guru) [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] Just the opposite…them dealing with their corruption issues will help the world accept a higher rate for the Dinar. I am positive this is one of the items the IMF will be discussing shortly.
Read More: http://www.dinarupdates.com/observer/
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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.
Read More: http://www.dinarupdates.com/observer/
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Abadi looking with the committees of the armed services to restore stability to the liberated cities
Secretary-General of the Council of Ministers, Mahdi Al-Alak, said that the government is moving towards a free economy and activating the private sector.
A statement of the secretariat obtained by “Trend Press” a copy of it, that the relations “received a delegation of the World Bank under the chairmanship of Mohamed Hassan Abdul-Qadir, head of the group to improve the business environment of the Bank in Iraq, and during the meeting, a series of axes on the Iraqi economy and its investment environment and the position of Iraq, Global indicators of economy and business “.
The Secretary of the Council of Ministers, that “there is a gap between the improvement and progress in the economic and investment ground in Iraq and the mechanisms of collecting information that feed these indicators and therefore does not reflect accurate assessment of the national and international effort in this area.”
For his part, Abdul Qadirb presented the statement “the current programs implemented by the World Bank in Iraq as a program to improve the work environment and the accompanying operations of registration of companies and obtaining licenses and the conclusion of contracts more efficiently in accordance with international standards, and also addressed the need to open to the provinces and the development of investment strategies, .
For his part, said the Secretary-General of the Council of Ministers, “The Iraqi government is moving towards the free economy and the revitalization of the private sector and accompanied by the direction of legal and procedural amendments.”
“The General Secretariat will spare no effort to support the rise of Iraq higher indicators according to World Bank standards.”
Abadi in front of reform .. Umm change?
With the approaching announcement of the end of the battle in Iraq with an urgent ending, there is a regional movement offset by the mobility of the politicians of Iraq with them, but within teams distributed here and there and new programs in the changing policy according to events, we will see new players on the scene, and others waiting for their fate between the withdrawal or withdrawal,
The American president is clear in his statements and not as his predecessor, Obama, and the Turkish situation of concern with the European Union, which seems to be moving away from the dream of joining after the stifling of positions, and what is happening, will affect negatively or positively. ,
And the Russian-US understandings in Syria, which worries the Gulf countries before Iran despite the assurances, are all questions raised, and the task is very difficult for Abadi in dealing with all these parties, to satisfy one without prejudice to the feelings of the policy of the other partners.
With the Obama to convince Trump, the Iraqi parties began their indirect campaign through media means and visits of field leaders to know the geographic map of the homeland through the target citizen to gain his voice, and the lineup will be revealed days, in addition to the divisions of the parties and fission, and remains the next prime minister’s news
And the signing of a new contract for the return of US forces, the holding of elections and the change of time, and the most difficult task to identify and reduce the relationship with neighboring Iran and expand with the Gulf States , Which puts the pressure on Abadi at home by the partners of the political process in the National Alliance will be on the most, in return there will be support from the Kurdish parties in addition to the shy admission divided by the Union of Forces,
and the coming days will witness a media battle against Abadi after his statement from the White House on his position of the crowd With the end of his mission with the end of the battles against the Daqash and the laying down of weapons, Trump and Abadi’s statements ended in the White House, to begin their repercussions and effects before the return of the latter to the country, and since the means are all available in the world of politics, and the impact of Mikafili on politicians is the basis from which they proceed, Change and Reform
Read more: http://www.dinarupdates.com/showthread.php?47648-Abadi-in-front-of-reform-Umm-change
Iraqi Dinar/Dollar auction 03-26-17 (most recent listing)
Currency Auctions Announcement No. 3408
This daily currency auction was held in the Central Bank of Iraq on the 03-26-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 37 |
| Number of remittance companies | 11 |
| Auction price selling dinar / US$ | —– |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 160,293,376 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 160,293,376 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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Keywords: government moving towards a free economy and activating the private sector
Economy News / Baghdad …Secretary General of the Council of Ministers Mahdi Keywords, said on Thursday that the government is moving towards a free economy and activating the private sector.
According to a statement of the secretariat seen by “Economy News”, that “Keywords keep getting the World Bank delegation headed by Mohammed Hassan Abdel Qader Chairman of the Group to improve the Bank in Iraq’s business environment, and during the meeting, offer a range of topics pertaining to the Iraqi economy and the environment of investment and the location of Iraq compared to global indices for the economy and business. ”
The Secretary of the Council of Ministers, according to the statement that “there is a gap between the improvement and progress witnessed in the land of economic and investment reality in Iraq and the information-gathering mechanisms that feed these indicators and thus do not reflect an accurate assessment of the national effort and the international effort in this area.”
Keywords explained that “the Iraqi government moving towards a free economy and stimulate the private sector and the concomitant trend of legal and procedural adjustments.”
Keywords and added that “the Secretariat will spare no effort to support Iraq’s highest elevate the standards according to the World Bank indicators.”
For his part, display Abdel Qader “existing programs implemented by the World Bank in Iraq as a program to improve the work environment and the associated company registration processes and obtaining licenses and conclude contracts higher according to international standards efficiently, also touched on the need for openness to the provinces and to develop investment strategies optimal her like Basra.”
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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
Robert Cook CSW CSS CBP CST CTC
Iraq:
IMF EXECUTIVE BOARD COMPLETES FIRST REVIEW IRAQ’S STAND-BY ARRANGEMENT (45 pages…)
| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1184.000 | 1182.000 |
| Euro | EUR | 1277.062 | 1276.424 |
| British pound | GBP | 1480.000 | 1479.260 |
| Canadian dollar | CAD | 887.822 | 887.379 |
| Swiss franc | CHF | 1192.707 | 1192.110 |
| Swedish krona | SEK | 134.536 | 134.469 |
| Norwegian krone | NOK | 139.603 | 139.533 |
| Danish krone | DKK | 171.749 | 171.663 |
| Japanese yen | JPY | 10.621 | 10.615 |
| Special Drawing Rights |
SDR | 1612.880 | 1612.074 |