Central Bank announces full national bond sale
The central bank, announced Tuesday, for the entire national bond sale, adding that it will be announced on receipt of the bond if you finish printing
The bank said in a statement, “Economy News” received a copy of it, “it was completed the sale of national bonds in the second Asdarih on behalf of the Ministry of Finance and the nominal value until the ninth of May this
The bank added that the completion of the sale comes a full run out Asdarih he said, adding that he will be announced on receipt of the bond upon the completion of the printing
Read more: http://www.dinarupdates.com/showthread.php?49215-Central-Bank-announces-full-national-bond-sale-Economy-News-_-Baghdad-Last-update
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Central Bank: We are working with 50 banks on the establishment of the Development and Investment Fund
Confirmed the Governor of Bank Central, Ali Keywords, Wednesday that the bank ‘s central working with 50 banks to set up fund development and investment for the granting of loans to citizens
Said Keywords in an interview during the seminar , which held the bank’s central on projects financing smaller ” attended by ” Economy News ” , that the bank ‘s central working hard now with banks to set up fund development and investment from through the development framework General Fund, which aims to revitalize the economy through the granting of loans citizens as well as bring companies world referring to the 50 banks will be involved the establishment of the fund and each bank shares with 10 million dollars for a period of four years to become the capital of the fund 2 billion dollars.
He added that no can to find a way else to stimulate the economy only from through funding smaller despite the problems existing in the environment of Iraq which insists the bank’s central to overcome them adding that the refusal of some banks to grant loans from within the initiative of one trillion dinars due to the threats of armed and tribal which encountered when required banks to return the money
He stressed that the bank gets a profit of 4% within the initiative of one trillion dinars , while banks in countries other if you got a profit of 1% they do not overdo Bay ” , noting that ” bankers agricultural and industrial not Amnha loans to citizens because of the problems many have EXCLUDE from the initiative of the Bank Central during the year the current .
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America decides to train Iraqi forces at the hands of the most powerful military institution
Twilight News / on board a military plane Omirkah- the United States proposed that the Atlantic alliance , “NATO” The task of training Iraqi forces after defeating al – Daesh according to the Chief of Staff of the US Joint Chiefs of General Joe Dunford said Wednesday night Thursday.
He said Dunford told reporters on board the plane that return from a NATO meeting in Brussels that NATO “could be in an excellent position to carry out the task of training” Iraqi forces “over a long period.
He said Dunford that Iraqi Prime Minister Haider al – Abadi was announced that Iraqi forces could continue to need support after the victory over the organization Daesh but without specifying the demands formally .
In principle it can be an important NATO is limited to the capabilities of the Iraqi army ‘s development.
He Dunford said NATO could provide the Iraqi army “logistical assistance and equipment and capacity development and training of cadres and the establishment of academies
But he said that the task of providing guidance to the Iraqi forces will remain the prerogative of the international coalition forces against al Daesh.
I will not ask NATO to provide military advice as is currently happening in Mosul (northern Iraq) or in Raqqa (northern Syria).”
He said , I do not think we’re on the verge of thinking” in NATO to assume the functions of the entire coalition. The United States urges a long time ago NATO to join the alliance, knowing that each country separately from the 28 NATO nations individually involved in the international coalition.
It scheduled to take place to raise the issue at a NATO summit in Brussels, the first that will be attended by US President Donald Trump.
The military leaders of NATO countries have expressed support for the proposal during a meeting Wednesday, according to Gen. Petr Pavel , who heads the Military Committee of NATO.
Read more: http://www.dinarupdates.com/showthread.php?49254-America-decides-to-train-Iraqi-forces-at-the-hands-of-the-most-powerful-military-ins
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Iraqi forces retake Rawshan area in western Mosul: command
The Iraqi command said Friday that government forces recaptured an area in western Mosul as they advanced near the last Islamic State strongholds in the region.
The Joint Operations Command said the army’s elite Counter-Terrorism Service recaptured the Rawshan area in northwestern Mosul, raising Iraqi flags at the area.
The development comes as Iraqi forces moved through a new front of operations targeting the IS-held, strategic Old City, having besieged the area futilely for weeks.
Government troops have recaptured Iktisadiyeen and al-Rifaie districts, two of a handful of targets on the way to the Old City.
On Tuesday, a JOC spokesman said Iraqi forces control 89.5 percent of territories in western Mosul, and that troops had killed more than 16000 Islamic State militants since the campaign to retake the city launched in October.
Government forces retook eastern Mosul in January and aimed at the western side of the city starting February 19th.
Some generals were quoted predicting to liberate the city from militants before the end of this month.
Read more: http://www.dinarupdates.com/showthread.php?49264-Iraqi-forces-retake-Rawshan-area-in-western-Mosul-command
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Adam Montana (Dinar Guru) It should be noted, and kept in mind, that Ramadan this year starts on the evening of Friday May 26 and goes through Sunday June 25. That’s 9 days from now. Those of you that have been traveling this road with me for years know that I have always been VERY adamant that “nothing gets done during Ramadan”… but I’m starting to lean a little to the left on that commitment. There is just TOO MUCH happening right now! There are a couple key elements to this…that will make me go “Full Buzzy” in spite of the upcoming holiday that traditionally yields 0 “real” progress for anything in Iraq. For some months now, I’ve been very optimistic about Iraq’s ISIS situation. Over the last few days, thi -s has only increased. [post 1 of 2….stay tuned]
Read more: http://www.dinarupdates.com/observer
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Updated: Paramilitary troops free airbase, more villages, west of Mosul
Mosul (IraqiNews.com) The paramilitary troops have freed Washington military airbase, west of Mosul, according to Sami al-Massoudi, a leader with the troops.
In statements, al-Hashd al-Shaabi (Popular Mobilization Units) said “the 13th and 14th brigades liberated Sahl Sinjar Airbase, a strategic airport in south of Qairawan.”
Troops also liberated al-Amdina village, in the south, in addition to Karka village, the troops media service said.
“200 families from Mesei’da village, in the vicinity of Sahl Sinjar Airbase, were evacuated far from the battlefields.” the service added.
Earlier on Thursday, the troop freed six villages in north and south of Qairawan, in the west of Mosul.
In statements, the media service announced liberating Ain Fathi village, north of Qairawan.
“The 10th brigade seized a booby-trapped vehicle and explosives inside al-Hassan mosque in Ain Fathi village,” the service said. Ten Islamic State militants were killed while combing the village.
The forces freed Ain Ghazal village, in the north, after cutting off the road linking between the freed Tal Banat village and Qairawan, in addition to liberating Akhmeisa village, according to statements.
Adheila village, in the south, has been liberated, the troops media service said adding “Iraqi flag was raised there.”
The 13th and 14th brigades freed Khams Telool and Khalaf al-Deirs village, in the south, according to the statements. “The troops inflicted huge losses in personnel and weapons on Islamic State militants.”
Many villages in Qairawan region, a main Islamic State bastion which links between Tal Afar town and the Syrian borders, have been freed since an the troops launched an offensive on Friday to free the region.
The eastern side of Mosul was recaptured in January following three months of battles. Another offensive was launched in February to recapture the western flank of the city.
Iraqi commanders predict recapturing the remaining parts of the city this month.
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It’s said that no greater love has a man than this — that he should lay down his life for his friends.
Vice President – Mike Pence
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Iraqi troops recapture half of biggest western Mosul district
Iraqi troops have gained control on part of the biggest west Mosul district and killed a number of Islamic State militants in an airstrike.
In statements on Friday, the War Media Cell quoted the Nineveh Operations Commander, Lt.Gen. Abdul Amir Yarallah, as saying that the 9th armored division retaken the northern part of 17 Tamuz (July 17) in the western side of Mosul.
In other statements, WMC said dozens of IS fighters were killed in airstrikes in western Mosul.
Iraqi fighter jets launched several airstrikes that destroyed booby-trapping workshop and vehicles and killed dozens of militants on Rifaie district.
“An IS headquarter and booby-trapping workshop were destroyed, while dozens of militants were killed on al-Zanjili district,” the statement added.
Iraqi forces have been sweeping through northwestern neighborhoods over the past two weeks in a way to invade the strategic Old City.
More than 16,000 IS members were killed since beginning of operations in Mosul, Brigadier General Yahya Rasool, the military spokesperson, said in a press conference on Tuesday declaring that 89.5 percent of western Mosul was liberated with only a few districts remaining under the militants’ control.
Eastern Mosul was liberated in January after three months of battles. Another major offensive was launched in February to retake the western side.
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U.N. says 200,000 more people could flee Mosul as fighting intensifies
The United Nations said on Thursday up to 200,000 more people could flee Mosul as Iraqi forces push into the last districts held by Islamic State militants.
Iraqi authorities and aid agencies are already struggling to cope with a surge in displacement since security forces opened a new front against the militants in Mosul earlier this month.
Backed by a U.S.-led coalition, Iraqi forces have dislodged Islamic State from all but about 12 square km (5 square miles) of the city and are seeking to claim victory before the holy month of Ramadan in less than two weeks.
The militants, however, still control the Old City, where they are expected to make their last stand in the densely populated, narrow streets that are impassable for armored vehicles.
“As military operations intensify and move closer to Mosul’s Old City area, we expect that up to 200,000 more people will flee,” Lise Grande, the U.N.’s Humanitarian Coordinator for Iraq said in a statement, describing the figures as “alarming”.
“The numbers of people who are moving are now so large, it’s becoming more and more difficult to ensure civilians receive the assistance and protection they need.”
Nearly 700,000 people have fled Mosul since the start of the campaign to retake the city last October, seeking refuge either with friends and relatives or in camps.
Human Rights Watch said on Thursday the Iraqi army and other local security forces had forced over 300 displaced families to return to districts of Mosul that are still at risk of attack by Islamic State.
“These families should not be forcibly returned to unsafe areas and areas that lack adequate water, food, electricity, or health facilities,” said Lama Fakih, deputy Middle East director at Human Rights Watch.
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Al-Rashid: Our predecessor to pensioners up to 3 million dinars
Al-Rasheed Bank announced on Thursday that it is providing advances to retirees up to 3 million dinars, stressing that the borrower must have a smart card from the bank exclusively.
The bank’s assistant director Muataz Abdul Rasul said that “the bank is still continuing to grant advances to retirees according to his pension and the amounts ranging between one million and 500 thousand dinars and two million dinars and three million dinars.”
Abdul Rasul said that “the interest on these advances up to 7% and the duration of payment of five years,” stressing that “the pensioner must be a smart card from the bank exclusively.”
It is worth mentioning that the Bank of Rasheed started in 2017 by granting salaries to employees of ten salaries according to certain mechanisms and controls.
Read more: http://www.dinarupdates.com/member.php?47292-MadDScout
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Iraqi Stock Exchange: Shareholding companies are not commensurate with capital and call for ..
The Iraqi market for securities, the number of joint stock companies operating in Iraq is not commensurate with the capital of Iraq, calling for the dissemination of the culture of investment in capital.
“The number of participating companies in the Iraqi economy is 130, which is not commensurate with the Iraqi capital, whose size exceeds many times this number,” Taha Ahmed Abdul Salam, the market’s executive director, said in a press statement.
“Indicators associated with the investment field are still below the level of ambition,” he said.
“Efforts that are based on spreading investment culture must be diversified in capital,” he said.
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“Iraqi oil”: the process of exporting Kirkuk oil is not clear and beyond the control of the central government
A spokesman for the Iraqi Oil Ministry, Asim Jihad, during his conversation with Roudao correspondent, Mustafa Koran
The spokesman for the Iraqi Oil Ministry, Assem Jihad, that “despite disagreements and differences in views on the subject of oil agreement between the Kurdistan Regional Government and the central government, but hope remains always, and seek to accelerate the creation of a new agreement to serve the national interest.”
“We are always seeking an agreement that serves the citizens in all Iraqi provinces, as well as the Kurdistan region, and therefore we must work on this subject in a common national spirit, and look for the national stage,” Jihad told the network.
Jihad said that “despite the lack of implementation and commitment from both sides on the previous oil agreements, but the people remain one, and therefore must always remain hope because we are all Iraqis in the end.”
On the issue of non-disbursement of the “Petrodollar” of the province of Kirkuk, the spokesman for the Ministry of Oil, “Kirkuk province has become a complex and difficult issue, and there are a lot of things out of control, and the federal government does not have authority over all the oil fields in Kirkuk, Not clear, and all this leads to the non-disbursement of (petrodollar) of the province of Kirkuk. ”
As for the city of Basra, which is a source of the economy of Iraq, which suffers from marginalization in all respects, Assem Jihad said that “the Ministry of Oil and the Ministry of Technical, and its work is to explore and the issuance and sale of oil, and the return of cash to the central government, The Petrodollar issue, where this amount is spent permanently. ”
With regard to the establishment of a province in Basra, and its economic impact on Iraq, Jihad said: “We do not want to anticipate events and judge this issue, the subject was an idea, but not realized until this moment, and when it is realized there will be another talk about this subject.”
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BGG (Dinar Guru) – Article: “Iraq offers compensation settlement and Kuwaiti debt against investment” Quote: “…the meeting also discussed the file of compensation with the State of Kuwait and ways to settle through the window of investment inside Iraq.“. two separate items talked about – how to pay back Kuwait (not to be confused with) – their eagerness to settle investments inside Iraq? One of the big problems needing dealt with – is they have few mechanisms in place to safe guard investors. Why would the IMF care about Iraqi investors. They don’t – this is referring to OUTSIDE investors. Period. Really good news – entering final talks – it appears.
Read more: http://www.dinarupdates.com/observer/
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Transport announces the opening of a direct air line between Baghdad and Belgrade at the end of this month
BAGHDAD – A spokesman for the Ministry of Transport, Salim Musa, announced on Tuesday the opening of a direct air link between Baghdad and the Serbian capital Belgrade at the end of this month in the absence of “obstacles” administrative, indicating that the Minister of Transport Kazem A cup has been working for some time on the opening of direct air links between Baghdad and the European capitals to restore the Iraqi Airways to the reality.
He explained, “These efforts were strengthened by the opening of direct flights between Baghdad and some countries, where was going to Serbia and the holding of several meetings and agreements resulted in the creation Formula to open a direct line with Belgrade and accepted with Athens, ” Pointing out that “the collection of direct visa from the airport needs efforts should be made by the Ministry of Foreign Affairs and there is an actual approach to this matter.”
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Kaperoni (Dinar Guru) – Article: “ATMs for MasterCard card users” …it is fun to watch all the pieces be put in place for the economy to take off. Iraq is literally going from the stone age to the 21st century with technology in a few years.
Read more: http://www.dinarupdates.com/observer/
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Adam Montana (Dinar Guru) – [What will happen to the other major currencies when the CBI RV’s the IQD/USD exchange rate? The countries using the EUR, the GBP, the CHF, the JPY, and the CNY all have international corporations invested in Iraqi oil with contracts based on today’s exchange rates. How will a radical upward IQD/USD RV (which effectively decreases the value of the USD against the IQD) affect the EUR/USD and the GBP/USD and the CHF/USD and the JPY/USD and the CNY/USD exchange rates? Will these other major global currencies also be devalued and what in your opinion will that do to an already stressed global economy?] This is a great question, because it opens up the floor to discuss how an RV is really a zero-sum game, mostly because we are talking about a fiat currency. When the FED prints more USD, we don’t actually gain that money. It just dilutes the dollar a little bit more. IQD, and an RV of the currency, works the same way, just on a global scale. My opinion is that almost every other currency will take a slight hit, and then rebound once the IQD rate stabilizes, and within about a month all currencies will be back to normal… except the IQD will be dramatically different than it was a month prior.
Read more: http://www.dinarupdates.com/observer/
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Iraqi Dinar/Dollar auction 05-18-17 (most recent listing)
Currency Auctions Announcement No. 3444
This daily currency auction was held in the Central Bank of Iraq on the 05-18-2017
| DETAILS | NOTES |
| Number of banks | 37 |
| Number of remittance companies | 11 |
| Amount sold at auction price (US$) | 159,547,157 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 159,547,157 |
| Total offers for selling (US$) | —– |
Read More: http://www.dinarupdates.com/observer/
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| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1184.000 | 1182.000 |
| Euro | EUR | 1316.253 | 1315.595 |
| British pound | GBP | 1535.885 | 1535.117 |
| Canadian dollar | CAD | 869.693 | 869.258 |
| Swiss franc | CHF | 1203.619 | 1203.017 |
| Swedish krona | SEK | 134.861 | 134.794 |
| Norwegian krone | NOK | 140.899 | 140.828 |
| Danish krone | DKK | 176.909 | 176.821 |
| Japanese yen | JPY | 10.510 | 10.505 |
| Special Drawing Rights |
SDR | 1630.782 | 1629.967 |