Dinar Daily NEWS Blog – October 13th

U.S. Priorities in the Kirkuk Standoff

In the coming days, Kirkuk will either explode into open fighting between Kurdish and Iraqi forces or spur a much-needed dialogue between Baghdad and Erbil.

On October 12, the oil-rich Iraqi province of Kirkuk came very close to witnessing a major clash between two U.S.-armed militaries — the federal Iraqi army and the forces of the Kurdistan Regional Government (KRG). The army has been unable to access its old bases in Kirkuk since its June 2014 collapse at the hands of the Islamic State, and Kurdish Peshmerga have since taken full control of these areas and their oil fields. The recovering federal military has now made its first attempt to reenter the Peshmerga-controlled zone.

Yesterday, a column of army units, special forces, and Popular Mobilization Forces loyal to the moderate cleric Grand Ayatollah Ali al-Sistani advanced over the Kurdish frontline berm south of Kirkuk city, within a fifteen-minute drive of the provincial capital and key oil fields. Local Peshmerga reportedly came very close to firing on these forces, which halted just in time after Iraqi prime minister Haider al-Abadi received a phone call from one Kurdish faction — the Patriotic Union of Kurdistan (PUK) — asking for forty-eight hours to confer internally and with the other major Kurdish faction, the Kurdistan Democratic Party (KDP). The clock is now ticking, and the deadline will expire by early Sunday morning local time.

In all likelihood, one of three outcomes will unfold. First, Baghdad’s forces could resume their advance after the deadline, then halt or turn back if Peshmerga block them from entering Kirkuk’s military bases and oil fields. Second, federal forces could succeed in pushing onto their objectives. Either of these initial scenarios could generate a major crisis. The first would spell political trouble for Abadi and likely spur intensified multilateral sanctions on the Kurds, including border closures with Turkey and Iraq and removal of the KRG’s capacity to generate customs and oil revenue. And whether federal forces succeed or fail, blood would be likely be shed during the confrontation, casting a very deep shadow over Abadi’s efforts to serve as a unifier in the 2018 elections and further disrupting the military campaign against the Islamic State. Kirkuk’s oil fields might be heavily damaged as well.

Fortunately, a third, more attractive option is available. Since the September 25 KRG independence referendum, Baghdad has been unwilling to enter unconditional negotiations with the KRG, requiring Erbil to publicly renounce the vote in some fashion before coming back to the table. Yet the Kirkuk crisis gives Baghdad a clear pretext for direct emergency talks, and without losing face for setting aside its renouncement demand (at least in the short term). These discussions could center on the PUK’s proposed compromise: “temporary joint administration” of Kirkuk. The portions of Kirkuk that the PUK controls — the main air base, the K1 military base, and some energy facilities — would be good spots to develop a joint security mechanism between federal and Peshmerga forces.

This approach could take some heat out of the crisis, placate Turkish and Iranian fears of growing Kurdish nationalism, and reduce military tensions in Kirkuk. To be sure, further negotiations would be needed regarding the city’s KDP-held zone, which includes two large oil fields, Bai Hassan and Avana. But at least the process would be started.

The United States has rightly expressed that it will not allow any actor to take military steps against the Kurds in their three core provinces — Erbil, Dahuk, and Sulaymaniyah. It has also quietly but insistently signaled Baghdad that any effort to regain access to disputed areas such as Kirkuk should not involve violence, should not be led by Iranian-backed militias, and should leave ample room left for negotiation. Thus far, Abadi seems to have respected these concerns, and the Kurds have likewise been urged to refrain from using force.

Washington should now push for negotiations during the remainder of the forty-eight-hour truce, supporting extensions to the deadline as warranted. Toward that end, it should maintain its small military advisory presence in Kirkuk, which aids situational awareness and crisis communication between the sides.

In particular, U.S. mediators should call for de-escalation measures: a freeze on sending reinforcements to the area, the removal of heavy weapons such as artillery and tanks to a mutual distance, a ban on nighttime movements, and two-way communication to make each side aware of new troop movements. They should also prioritize a partial, incremental solution to the crisis in the near term — such as the return of limited federal military missions to PUK-controlled sites in Kirkuk — instead of an expansive “mega deal” that requires the immediate return of large federal forces to all areas surrendered in 2014. These forces are needed for operations elsewhere in the country anyway, and Kirkuk is not yet equipped to give them the necessary housing and logistical support.

U.S. support to small Iraqi military missions in Kirkuk could be the start of a trilateral combined security mechanism for the city, which federal, KRG, and U.S. forces might then extend into other disputed areas. There are many ways to reintroduce federal security forces without requiring the Kurds to welcome back heavily armed military units; for instance, lightly armed federal oil field police are much needed to prevent Islamic State insurgent attacks on key hydrocarbon resources. Above all, Washington needs to act immediately to keep its allies from fighting each other in the coming days, with a focus on measures that encourage incremental progress and confidence building.

Read More: http://www.dinarupdates.com/showthread.php?54815-U-S-Priorities-in-the-Kirkuk-Standoff&p=179669#post179669
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Al-Nusseiri hails the Central Bank’s actions in developing and reforming the banking sector

The economic and banking adviser, Samir Nusairi, praised the developmental and reform measures carried out by the Central Bank of Iraq two years ago to meet the challenges faced by Iraqi banks because of the economic and financial crisis experienced by Iraq.

Al-Nusairi said during his participation in the symposium held by the Higher Institute for Accounting and Financial Studies at the University of Baghdad entitled “The requirements of financial and monetary reform in Iraq under the direction of the International Monetary Fund” and attended by “Economy News”, “The Central Bank of Iraq has taken the measures of evolution and reform two years ago to meet the challenges Which suffer from the Iraqi banks because of the economic and financial crisis experienced by Iraq because of falling oil prices and the war on terrorism and structural and structural imbalance in the management of the economy, “noting that” despite the Central Bank to prepare and launch a strategy for the years (2016-2020), which included primary and secondary objectives to achieve financial stability and develop the banking system in accordance with new mechanisms and work points. However, this does not prevent the Bank from adopting visions and proposals through the Central Bank and the Ministry of Finance analyzing the current and expected financial position of the banks (2017-2020) To activate the economic cycle in all areas and to develop a proactive plan to prevent bankruptcy and the collapse of some banks and the maintenance of the wheel of banking under the current circumstances and the use of new mechanisms and tools for monetary policy applications.

He added that “the current banking financing structure is plagued by many failures and obstacles and in order to increase credit and total funding from banks and to activate their contribution to various aspects of investment and reconstruction and to push the development process and move the economic cycle in Iraq, we see a serious step is to re-examine the policy of lending and bank financing and activating the optimization of financing private projects Small and medium as a social and economic objective with special priority and urgent and that the Central Bank of Iraq has an effective supervisory and supervisory role. ”

He pointed out “the importance of activating the role of government banks, specialized banks and private banks to provide easy loans to the private sector, national individuals and companies in accordance with the initiative of the Central Bank to finance small and medium enterprises as well as finding solutions to the problems of taxes and accumulated benefits of the owners of projects suspended production.

Read More: http://www.dinarupdates.com/showthread.php?54807-Al-Nusseiri-hails-the-Central-Bank-s-actions-in-developing-and-reforming-the-banking

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Follow us on twitter @DinarUpdates !!

follow Dinar Updates on twitterDinar Updates  –  Q & A Call  –  from BGG & Company – Oct. 13th – 8:00 PM  CST 641-715-3639 pin #528733

10/13 – Recorded Call Replay Link

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MilitiaMan (Dinar Guru) –   Quote:  “The general orientation of the central bank is working to restore the Iraqi dinar exchange rate against the dollar to its former glory in collaboration with government banks, indicating that the bank seeks to make way for government banks to carry out sale the dollar put pressure on speculators in the markets.”   Well this is obviously a word to get attention.. Glory be it! What other glory is there than bring back your currency to it’s real value and away from a program rate?  We all know the banks are meeting with the UST and have been for some time now. Are the final touches in place? I’ll bet so. Even Abadi today is just about ready to tell the world the final inches of Iraq are liberated from ISIS. Security and stability, is at hand.  Therefore, imo the remaining touches if you will are being done and in a very timely manner. 9-15/2017 IMF, 10/16/2017 Private Banks and the UST and then 10/18/2017 Iraq and US represented by the Institute of Strategic Studies. Go figure.. A global think TANK! wink then ka boom lol that fast.. 

Read more:  http://www.dinarupdates.com/observer
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Recent Headlines…

Three years after it was closed, Rasheed Bank reopened in Mosul

Turkmani official: Abadi gave the Peshmerga 48 hours to withdraw from areas in Kirkuk

Peshmerga: Baghdad did not give us 48 hours to get out of Kirkuk
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Iraqi and US banks meet in Washington

Baghdad / Hussein Thogb The presence of adults on the field of international work comes in any case, where conventional economies are not usually not important international attention of the largest economic blocs, and here comes the presence of Iraqi banks and US banks in Washington evidence of the importance of Iraq and its economy for the side The other who is aware that the size of work in our country is large and can be employed in the financial and executive sector in more than one sector within Iraq. Preparations continue between Iraq represented by the Association of Iraqi private banks and the US States represented by the Institute of Strategic Studies, And an Iraqi-US meeting on October 18.

Read more: http://www.dinarupdates.com/showthread.php?54796-Iraqi-and-US-banks-meet-in-Washington
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Adam Montana (Dinar Guru) –   Lots going on right now. I’ll say one thing for all the rumors… they may not seem to get the “dates” right, but when there’s buzz on all the rumor sites…it is usually right in front of a big event.   …Before Chapter 7, there was a crazy amount of hype. You all know I temper my posts, in an effort to keep people grounded, but even I got pretty excited about that event.  It was a major milestone, and a significant key to Iraq’s progress.  The rumor sites all promised an RV at that time, and it was certainly a possibility, but we all know it wasn’t a certainty.  [post 1 of 2….stay tuned]

Read more:  http://www.dinarupdates.com/observer
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Iraqis demand trial, execution of Maliki over Mosul fall to ISIS
Maliki is role in Mosul's fall

Iraqis demand the trial and execution of former prime minister Nouri al-Maliki for being responsible for Mosul’s fall in ISIS’ grip, Zuhair al-Jabouri, the spokesperson of Nineveh Guard said on Saturday.

This comes as a response to Maliki’s accusations, as he claimed that Mosul’s residents are behind the city’s fall.

In press statements, al-Jabouri noted that Mosul’s residents shall not be held accountable because they did not give orders to five military brigades to withdraw from the battlefield, adding that this order facilitated the city’s fall in ISIS’ clutches.

At the time, Nineveh provincial council and its governor have asked for Peshmerga soldiers’ help to fight ISIS, which was officially and categorically rejected by Maliki, he added.

Mosul’s residents collaborated with ISIS, causing the fall of the city in 2014, Maliki said in a statement to Sputnik, a Russian news agency, on Friday before his visit to Moscow.

On Saturday, former governor of Nineveh Atheel al-Nujaifi lashed out at former prime minister’s over his latest statements.

Earlier, the parliamentary legal committee requested last month the attorney general to reopen the issue of Mosul’s fall in ISIS’ grip, a move that will lead to the trial of Iraqi officials, including Maliki.

Read More: http://www.thebaghdadpost.com/en/story/14739/Iraqis-demand-trial-execution-of-Maliki-over-Mosul-fall-to-ISIS

BGG ~ This piece is from July 23rd, 2017. It is recent. No one has forgotten. Maliki will not escape the coming wrath. Whatever place he is trying to bribe his way into will not help him.

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Adam Montana (Dinar Guru) –   When Abadi vs Maliki was happening, that was another major step for Iraq. Again, it wasn’t a promise of immediate RV, but let’s face it – a major change in value of the Dinar was never going to happen with Maliki at the helm. Maliki simply had no reason to act in Iraq’s best interest when he had such a huge ability to pilfer the system under his power. I firmly believe that Abadi is not like Maliki, and when he won that battle, our landscape changed for the better…but even that was not enough. There was still the issue of the HCL, which MUST be resolved before (or simultaneously with) an RV.   Now let’s look at today…this immediate point in time, where once again the rumor mills are churning and people are getting excited.  I’m going to make two specific statements right now, and I hope they stick:  1. None of the gurus can call the Date.   2. Despite #1 above, the current level of activity is not to be ignored. Things ARE happening.  [post 2 of 2]

Read more:  http://www.dinarupdates.com/observer
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Click this link to join the DU “private” FaceBook Group…

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(go here and ask to join… then add some Dinar Friends!!)

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Nechervan Barzani holds Abadi “serious consequences” of moving in the south of Kirkuk

Nechervan Barzani holds Abadi serious consequences of moving in the south of Kirkuk
(Baghdad) The head of the Kurdistan Regional Government, Nechirvan Barzani, on Friday, Prime Minister Haider Abadi responsibility for military moves south of Kirkuk.
“We call upon Ayatollah Ali al-Sistani, all Iraqi parties, civil organizations, the United Nations, the United States, the European Union and the member states of the war to urge the members of the Security Council and neighboring countries to intervene and have a role to move the region out of a new war,” Barzani said in a statement.

“The outbreak of war in the region will lead to the strengthening of al-Qaeda and other terrorist organizations in the region,” he said, adding that “the consequences of the war will be very serious.”

Barzani said that “the popular crowd and Iraqi forces are gathered near the city of Kirkuk,” adding that it should not be a response to the demands of the Kurdish people to the war, ”
He said,” We will hold the commander of the Iraqi armed forces Haider Abadi full responsibility in the event of war and will also bear serious consequences ”

The Prime Minister Haider Abadi said yesterday that the Iraqi army” can not be used against our people or we are fighting against our Kurdish citizens and others, but it is also our duty to maintain the unity of the country and the application of the Constitution and protect citizens from any aggression and the extension of federal authority and subjecting oil imports and border crossings For the censor For the sake of the Kurdish citizen to protect the national wealth and the interest of the Kurdish citizen. ”

He denied Interior Minister, Qasim al – Araji, today ‘s news about the presence of military operations in the province of Kirkuk.

Araji said in a brief statement that” operations are not found in Kirkuk sector, but is the process of redeployment of the Federal Forces After the end of the presence of a preacher in the cut to reach what we were before 9 June 2014. ”

The Peshmerga forces handed over some of its positions south of Kirkuk to Iraqi forces this morning, according to an agreement between the parties, according to sources in the Peshmerga forces.

Alforatnews.com
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Rafidain Bank announces the issuance of Master Card for employees and citizens

Al-Rafidain Bank announced Wednesday that it has issued an electronic payment tool (Master Card) to employees, retirees, citizens and other segments of society.

“The bank has for the first time instructed its branches to issue electronic payment tools (MasterCard) to employees, retirees, citizens and other segments of society,” the bank’s press office said in a statement.

The office added that “these tools are used inside and outside Iraq and are acceptable in all ATMs connected to the MasterCard network, in addition to points of sale.”

He pointed out that “advances and loans granted to employees are through these cards and settle their salaries electronically.”

Read More: http://www.dinarupdates.com/showthread.php?54771-Rafidain-Bank-announces-the-issuance-of-Master-Card-for-employees-and-citizens
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Follow us on twitter @DinarUpdates !!

follow Dinar Updates on twitterDinar Updates  –  Q & A Call  –  from BGG & Company – Oct. 10th – 8:00 PM  CST 641-715-3639 pin #528733

10/10 – Recorded Call Replay Link

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WASHINGTON – Annual meetings of the International Monetary Fund (IMF) are being held at an event that is the highlight

Baghdad / The six-day annual meetings of the International Monetary Fund (IMF) were held in Washington, DC, on Tuesday. The agenda of the meetings on the first day included a discussion on what the IMF is doing and what are the main and unregistered objectives. Christophe Rosenberg, on how the International Monetary Fund (IMF) finances its operations, while the IMF’s General Counsel and Director of the International Monetary Fund Shawn Hagan pointed out how to develop the IMF’s capabilities.

The first day of the event, the most important event in the world economic affairs, was held by Al-Mada, a press conference on the prospects of the global economy, and the IMF’s interest in global economic issues and its role in the international financial architecture. And the Fund’s services to the global media.

The meetings will discuss several topics, including the examination of emerging lessons on consultation, participation and disclosure. The Inspection Panel, the World Bank’s Independent Accountability Mechanism, will publish its latest report in a series of lessons learned on experiences from consultation, participation and disclosure, The lessons will serve as a forum to discuss what makes citizens’ participation successful, the challenges faced by development practitioners in this area, and how the World Bank experience has reached the criteria for participation in the new environmental and social framework.

Among the keynote speakers at the event were World Bank Chief Executive Officer Cristalina Georgieva, Oxfam President and CEO Abby Maxman, World Bank Chief Executive Officer Jason Alford, as well as other economists and specialists in global economic and financial affairs. Of accredited journalists to attend these meetings from around the world.

The IMF and the World Bank are sister organizations within the United Nations system and share a common goal of raising living standards in their member countries. The two institutions follow two complementary approaches to this goal. IFAD focuses on macroeconomic issues while the Bank focuses on long-term economic development And poverty reduction.

Read More: http://www.dinarupdates.com/showthread.php?54762-WASHINGTON-Annual-meetings-of-the-International-Monetary-Fund-(IMF)-are-being-held
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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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