US Defense Secretary and US Ambassador discuss support for Iraqi coalition forces
Defense Minister Irfan Mahmoud al-Hayali discussed with US Ambassador to Baghdad Douglas Silman the support of the International Coalition for Iraqi Forces and the conduct of the liberation operations of the right side of Mosul.
“Defense Minister Irfan Mahmood al-Hayali received at his office Sunday morning US Ambassador to Baghdad Douglas Silman and his accompanying delegation, and discussed during the meeting the progress of the ongoing military operations to liberate the right coast, From the city of Mosul. ”
He added, “During the meeting, emphasis was placed on providing support and support by the international coalition forces of the Iraqi armed forces, and praising the humanitarian treatment of citizens by the Iraqi forces.”
Read more: http://www.dinarupdates.com/member.php?47292-MadDScout
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“FaceBook LIVE” w/Call-in from Sunday w/BGG
Click here for Video Replay (4/23)
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Dinar Updates – “News Time” w/BGG & Company! April 23rd – 7:30pm CST – In the DU Chat Room!!
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The World Bank informs Iraq of the need for economic reforms
The World Bank informed the government delegation that economic reforms are a key necessity for an integrated system to manage the state’s fiscal operation at the federal and local level.
The statement issued by the Ministry of Finance said that the World Bank’s statement came during a meeting between a team from the World Bank and its representatives in Iraq and an Iraqi delegation headed by the Minister of Finance and Agency Abdul Razzaq al-Issa and in the presence of the adviser of Prime Minister appearance of Mohammed Saleh and a number of officials of the Ministry of Finance, International conference in Washington. ”
“World Bank representatives have noted that economic reforms are a key necessity for an integrated system to manage the state’s fiscal process at the federal and local level,” the statement said.
He added that “the participants explained that the proportion of the task achieved by Iraqi institutions in this area, which gives an appropriate area for the World Bank to support the budget and reconstruction projects within the limits of time to achieve its objectives required.”
According to the statement, the World Bank welcomed the steps of the Iraqi government in the field of resource management and crystallization of reform visions in coordination with international financial organizations and institutions.
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“FaceBook LIVE” session from Friday w/BGG
Click here for Video Replay (4/21)
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BGG (Dinar Guru) – [is the new rate inside the budget?] There is no “new rate” inside the budget…in fact, one of the recent interviews with a CBI official – all but said it wouldn’t happen that way…they did give us an actual list of what was required and in what order it should occur.
Read More: http://www.dinarupdates.com/observer/
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Abadi: Our forces liberate the cities and believe the visit of millions
Prime Minister Haider al-Abadi and his Australian counterpart Malcolm Turnbull on Sunday discussed bilateral cooperation in various fields and the conduct of the battle for the liberation of Mosul.
Abadi stressed “the importance of international support for Iraq and its continuation to the final elimination of terrorism, noting that our forces at the time liberated areas, they secured a million visit in Baghdad on the occasion of the martyrdom of Imam Musa bin Jaafar.”
For his part, Turnbull reiterated his country’s support for Iraq in the areas of training and support and the elimination of elements calling for.
Read More: http://www.dinarupdates.com/showthread.php?48375-Abadi-Our-forces-liberate-the-cities-and-believe-the-visit-of-millions
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Well done is better than well said. – Benjamin Franklin
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Jubouri and al-Mutlaq discuss the upcoming settlements and improve confidence between the political parties
Search House Speaker Salim al – Jubouri, on Thursday, with the head of the National Dialogue Front Saleh al – Mutlaq, the upcoming political settlements and improve trust between the actors in the arena.
A statement by the Office of the al – Jubouri , I followed by all of Iraq [where] that “al – Jubouri and al – Mutlaq discussed in detail developments in the political situation in addition to the security file, as well as the political process and adjustments and anticipated measures to improve trust between the actors in the arena.”
The statement noted that ” the meeting touched on the progress of the legislative process and mechanisms to speed up the legislation of laws in addition to the conduct of military operations and the victories achieved by our heroine in the city of Mosul.”
He pointed to the need to seek convergence of views between the political blocs in order to achieve security and political stability in the country.”
Read more: http://www.dinarupdates.com/showthread.php?48343-Jubouri-and-al-Mutlaq-discuss-the-upcoming-settlements-and-improve-confidence-betwee
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Iraq calls on the international community to contribute to the reconstruction of infrastructure in the liberated areas
Foreign Minister Ibrahim al-Jaafari on Saturday called on the international community to contribute to the reconstruction of infrastructure in the liberated areas after the elimination of “terrorism”.
“Foreign Minister Ibrahim al-Jaafari received the special envoy of US President Donald Trump, the international coalition to fight the defiant Brit Mkgork, and the delegation accompanying him in his office in Baghdad,” al-Jaafari’s office said in a statement.
He added that “during the meeting, they reviewed the overall security and political developments, and the great victories achieved by the Iraqis in their war against terrorist gangs and international efforts to support the security and stability of the region.”
“All Iraqis are united to defend Iraq’s sovereignty and eliminate terrorism,” Jaafari said, reiterating “the need for concerted efforts by the international community, contributing to the reconstruction of infrastructure after the eradication of terrorism, and adopting a project similar to the Marshall Plan, which contributed to building Germany after World War II “.
He pointed out “the importance of activating the strategic framework agreement signed between Baghdad and Washington, because of their significant impact on the opening of areas of joint cooperation between the two countries,” continuing that “Iraq adheres to bilateral relations with countries of the world and all neighboring countries, especially on the exchange of common interests, Common, and non-interference in internal affairs. ”
“The continued support of Iraq until the elimination of terrorist gangs,” McGowork said, praising “the efforts of the Iraqis in their war against terrorism and the diplomatic openness witnessed by Iraq’s relations with the different countries of the world.”
A US congressional delegation on Sunday (April 9, 2017), continued US support for Iraq in its war against “terrorism”.
Read More: http://www.dinarupdates.com/showthread.php?48366-Iraq-calls-on-the-international-community-to-contribute-to-the-reconstruction\
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Crude oil rises amid optimism about a commitment to cut output
Trend Press / Agencies Oil prices rose in European trading on Thursday, rebounding from a six-week low amid optimism that OPEC will expand its current deal with non-OPEC members to cut output beyond June in an attempt to rebalance the market.
“We expect a global agreement to cut oil supplies to be extended beyond June, supported by greater compliance by non-Opec producers,” Reuters quoted Kuwait’s Oil Minister as saying.
In November last year, the Organization of Petroleum Exporting Countries (OPEC) and other producers, including Russia, agreed to cut production by 1.8 million bpd between January and June.
A joint committee of ministers of the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC members will meet in late April to make a recommendation on the fate of the treaty. The final decision on whether to extend the deal after June will be made by the oil organization on May 25.
London Brent crude for June delivery rose 38 cents, or 0.7 percent, to $ 53.31 a barrel, after falling $ 1.96 in the previous session.
Elsewhere, crude for June delivery rose 34 cents to $ 51.18 a barrel.
Oil has continued to rise in a familiar range since the beginning of the year amid concern that a continued recovery in US shale production and an increase in US inventories could hamper the efforts of other major producers to rebalance global supply and demand for oil.
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A Dinar Updates “FaceBook Live”!!
“LIVE Q&A with BGG”
From – Apr 7th
In the DU FaceBook Group!!
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DayTrader, a News Researcher for DinarUpdates.com, recently had some interesting commentary.
Here are his thoughts:
Article 140 is much more complex than many realize. If you read Article 140 in the Iraq constitution, it refers to Article 58 of the Law of Administration for the State of Iraq for the Transitional Period that outlines all the steps that must be completed. This was a document constructed by Paul Bremmer to be used until a permanent constitution could be developed and ratified by Iraq. Article 58 states:
Article 58.
(A) The Iraqi Transitional Government, and especially the Iraqi Property Claims Commission and other relevant bodies, shall act expeditiously to take measures to remedy the injustice caused by the previous regime’s practices in altering the demographic character of certain regions, including Kirkuk, by deporting and expelling individuals from their places of residence, forcing migration in and out of the region, settling individuals alien to the region, depriving the inhabitants of work, and correcting nationality. To remedy this injustice, the Iraqi Transitional Government shall take the following steps:
(1) With regard to residents who were deported, expelled, or who emigrated; it shall, in accordance with the statute of the Iraqi Property Claims Commission and other measures within the law, within a reasonable period of time, restore the residents to their homes and property, or, where this is unfeasible, shall provide just compensation.
(2) With regard to the individuals newly introduced to specific regions and territories, it shall act in accordance with Article 10 of the Iraqi Property Claims Commission statute to ensure that such individuals may be resettled, may receive compensation from the state, may receive new land from the state near their residence in the governorate from which they came, or may receive compensation for the cost of moving to such areas.
(3) With regard to persons deprived of employment or other means of support in order to force migration out of their regions and territories, it shall promote new employment opportunities in the regions and territories.
(4) With regard to nationality correction, it shall repeal all relevant decrees and shall permit affected persons the right to determine their own national identity and ethnic affiliation free from coercion and duress.
(B) The previous regime also manipulated and changed administrative boundaries for political ends. The Presidency Council of the Iraqi Transitional Government shall make recommendations to the National Assembly on remedying these unjust changes in the permanent constitution. In the event the Presidency Council is unable to agree unanimously on a set of recommendations, it shall unanimously appoint a neutral arbitrator to examine the issue and make recommendations. In the event the Presidency Council is unable to agree on an arbitrator, it shall request the Secretary General of the United Nations to appoint a distinguished international person to be the arbitrator.
(C) The permanent resolution of disputed territories, including Kirkuk, shall be deferred until after these measures are completed, a fair and transparent census has been conducted and the permanent constitution has been ratified. This resolution shall be consistent with the principle of justice, taking into account the will of the people of those territories.
The challenge has always been how to implement the required changes. Those steps coupled with the fact that some of the people that Saddam Hussein forced out and those Sunnis that he brought in are no longer living. The resolution will have to involve their children, plus the process will also be challenged in identifying and finding all these families. This is not a quick fix. IMO that is why Abadi gave the responsibility to create an implementation plan to Barzani and the governor of the Kirkuk province. All of that said, I don’t believe that the implementation of Article 140 is tied to the revaluation of Iraq’s currency. I haven’t found any reference to Article 140 in any of the UN resolutions or SBA documents between the IMF, CBI and GOI.
Read more: http://www.dinarupdates.com/showthread.php?48133-Commentary-from-DayTrader
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tman23 (Dinar Guru) – Coincidental…? You all should be very interested and excited…chatter regarding 4/21 and launching or beginning of something new with in IMF etc…Then i read this…Newshound Guru Stryker Article: “Iraq resumes next Friday talks with the International Monetary Fund and the World Bank“. What makes this so interesting is that everyone is meeting in Washington after they already had 12 day meeting in Amman just last month. Then I saw Legarde in an interview…will be meeting Mnunchin for the first time…Wanna know the date of the meeting …GUESS! Friday…4/21. [post 1 of 2….stay tuned]
Read More: http://www.dinarupdates.com/observer/
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Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars
Most of the Iraqi Central Bank steps are subject to political and legal environment of the country , especially in regard to the deletion of zeros that counted specialists in the earlier trend sensitive and dangerous may still be , but the central remains the most important institution in terms of the need to adjust the financial management in light of the financial crisis experienced by the the Iraqi economy, which must have to deal with dilemmas , whether with regard to the citizen or the work of the central bank itself.
Questions concerning important files posed (range) in this meeting , the director of the release and the Treasury in the Central Bank Aa’bas behind, and with being answered by briefly he pointed out the most important points that showed that the currency is good for circulation deposited Central has exceeded one billion and a quarter of a million dinars an amount that is not a little if they were compensated by the stored banknotes at the bank , as some believe, at the time between the printed currency size has exceeded the “11 billion and 600 million dinars, he urged citizens on the need not to keep large amounts in homes or buried in the ground , the fact that the process of replacing in the event expose Dt to burn or damage costs the central administrative and financial burdens, stressing that the counterfeit currency rate is still within the internationally accepted borders, with the central quest to carry out an information campaign to educate the public on how to distinguish between the original currency and Almzorh.oicol behind on a question about the possibility of having higher versions of a class (50000 ) dinars?
– No at present intention to issue a higher class category (50000) dinars.
* What about the subject of the deletion of zeros and the reason for the delay?
– the decision on the deletion of zeros cannot be taken in isolation from the political and legal environment in the country under conditions the security situation as a result of terrorist acts and exit from the provinces outside the control of the state for the years 2014, 2015, 2016 which prevents certainly to wait in the implementation of this project, in addition to that this must be done in coordination with all state departments and the private sector, where it should be followed by changing the paragraphs contained in the various laws, which include a reference to fines or lump – sum collection of fees, must also change the financial and statistical records in order to conform with the project process the deletion of zeros. On the other hand, the technical preparations are underway by us.
* How is the cost of the annual replacement and replacement of damaged currency?
– First , there is no substitution instead of a damaged annually, as the bank instead seeks to issue new papers for security specifications developed, so the cost is reduced in this way it is the cost of issuing new banknotes specifications better used at the same time damaged to the replacement of currency from the previous editions .
We seek to carry out an information campaign to distinguish between original and counterfeit currency
* How discovered the counterfeit currency of the size?
– The Central Bank of Iraq resorted to the use of machines to sophisticated counting and sorting which can detect counterfeit currency, in addition to banks guide using modern techniques in the currency examination, but the problem is not doing shopkeepers enough efforts to use the machines to check the currency, as the bank seeks to campaign media to sensitize the public on how to distinguish between the original currency and counterfeit currency by issuing a booklet definitions and (posters) for this purpose and will be distributed to banks in major shopping malls, and in all cases, the counterfeit currency rate is still within the internationally accepted borders , where even T ratio (0.000025) (Twenty – five million paper sheet).
* What currency damaged by fire or poor storage of citizens compensation mechanisms?
– While we hope the citizens do not keep large amounts in homes or buried in the ground, and to do instead in the deposit with the banks, as the replacement of the burnt currency process or damaged it costs the central bank financial burdens and administrative Colva unwarranted, however the bank is to receive citizens whose savings in Iraqi currency to fire accidents provided that they are documented by the civil Defense Department and be sourced from the project, either in terms of currency (buried) are sufficiency statement on the sources of these funds, and in this regard we call on citizens not to accept the mediation of any hand to Astb The Iraqi currency and that this bank does not receive any commission for its replacement.
We applied security methods with modern technology advanced counting and sorting currency
* What future plans for the central bank currency and print?
– Iraqi Central Bank seeks to keep pace with the evolution of printing currency and modern technologies both in currency printing or counting devices and sorting the currency where they are constantly adding new security features in addition to the acquisition of advanced machines counting and sorting currency, was dispensed with final counting and manual screening process.
* How much is the size of the torn currency and how much of the size of the printed currency?
– The number of banknotes unfit for circulation deposited with this bank (1,277,049,543) cash paper of various categories, where they are compensated from the stored banknotes have this bank, as the number of printed banknotes (11,615,265,154) cash paper of various categories.
Iraqi Dinar/Dollar auction 04-20-17 (most recent listing)
Currency Auctions Announcement No. 3427
This daily currency auction was held in the Central Bank of Iraq on the 04-20-2017
| DETAILS | NOTES |
| Number of banks | 37 |
| Number of remittance companies | 11 |
| Amount sold at auction price (US$) | 168,067,601 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 168,067,601 |
| Total offers for selling (US$) | —– |
The results were as follows:
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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 | 1269.840 | 1269.205 |
| British pound | GBP | 1520.197 | 1519.437 |
| Canadian dollar | CAD | 879.643 | 879.204 |
| Swiss franc | CHF | 1188.278 | 1187.684 |
| Swedish krona | SEK | 132.206 | 132.140 |
| Norwegian krone | NOK | 138.738 | 138.668 |
| Danish krone | DKK | 170.706 | 170.621 |
| Japanese yen | JPY | 10.907 | 10.902 |
| Special Drawing Rights |
SDR | 1615.982 | 1615.174 |