World Bank: Iraq is the best place to invest in the world
The International Finance Corporation (IFC), the private sector arm of the World Bank, has urged international companies to overcome their concerns about financing reconstruction projects in Iraq and capitalize on high-yielding investment opportunities there.
“As the country emerges from a devastating three-year war against ISIS, I do not think anywhere in the world there are such opportunities for investment,” said Ziad Bader, head of the International Finance Corporation’s mission in Iraq, in a speech at Kuwait Chamber of Commerce and Industry.
“IFC has investments of about $ 1.2 billion in various projects in Iraq, including banks, cement factories and telecommunications companies, and is preparing to announce an investment of $ 250 million in a telecommunications project,” he said.
Read More: http://www.dinarupdates.com/showthread.php?56255-World-Bank-Iraq-is-the-best-place-to-invest-in-the-world
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Central Bank of Iraq Auctions $193,912,578 on 13 February 2018
Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on February 13 registered $193,912,578 in sales, a -1.82% volume decline from the US $197,498,160 sold by Iraqi Dinar, credit and transfer at the previous auction held on February 12.
The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on February 13 compared to the previous auction.
Data for the February 13 auction was made public by CBI Announcement Number 3634.
Dollar sales in the in the period January 1, 2018 to February 13, 2018 saw an increase of -1% compared to the sales of US $4.62 billion in the same period in 2017. The total amount of US currency sold by CBI in the calendar year 2017 was US $15.7 billion.
An analysis of the monthly dollar sales by CBI since January 2016 reveals highly fluctuating volumes. During the period from January 2016 to February 2018, sales of US dollars averaged US $1.81 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.
Read More: http://www.dinarupdates.com/showthread.php?56257-Central-Bank-of-Iraq-Auctions-193-912-578-on-13-February-2018&p=181210#post181210
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The @IraqiGovt is implementing reforms
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Jan 2oth – Rec. Dinar News Call
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01/20- Recorded Call Replay Link
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UN unveils two-year program to help rebuild Iraq
The United Nations said Monday it had prepared a two-year program to help the Iraqi government rebuild reconstruction of the devastated areas.
“The Kuwait conference provides a key platform to reaffirm the importance of voluntary, safe and sustainable return of displaced Iraqis as well as to raise resources to support the government’s efforts to achieve this goal,” said UNHCR Representative Bruno Gedo in a statement received by Mawazine News. This in turn is an integral part of broader plans in the United Nations system to support the Iraqi authorities in rebuilding the country. ”
“The conflict has ended on a large scale, but the legacy of this conflict remains. Events that have been revealed during the years of extremist control have left a sudden imprint on the Iraqi scene and in the hearts of the Iraqi people. The effects of the past years are still present throughout the country. “He said.
“There are severely affected cities, scattered communities and a generation of children at risk of being lost, with about 2.6 million displaced Iraqis,” he said. “In order for Iraq to advance, people must be able to return home.”
“The return of 3.3 million displaced people to their homes despite the difficult circumstances,” the UN official said, noting that “return is not just a return to homes but a return to society.”
“To support Iraq in this transitional phase, the United Nations agencies have set up a two-year recovery and resilience program. To achieve this program, we must ensure that adequate resources are available to accomplish this task,” he said. “Kuwait is a unique opportunity for us to present our plans to donor countries. And to encourage the private sector to increase investment. ”
The Iraqi government announced that its plan for the Kuwait conference will be on three axes. “The first is to contribute to the rehabilitation of infrastructure throughout Iraq, restore stability to the affected areas and develop the service sector.”
Read More: http://www.dinarupdates.com/showthread.php?56232-UN-unveils-two-year-program-to-help-rebuild-Iraq
(Special Thanks to Charles Bright)
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Kaperoni (Dinar Guru) – Article: “Al-Nasiri: Central Bank aims to build a solid banking sector in 2018” Quote: “In addition to its results and the extent of its commitment to implement the monetary policy directions of the Central Bank and reflect on its actual contribution to GDP and its contribution to sustainable development and its transition from the role of banking to the developmental role.” “In addition to its results and the extent of its commitment to implement the monetary policy directions of the Central Bank and reflect on its actual contribution to GDP and its contribution to sustainable development and its transition from the role of banking to the developmental role.” This is a very clear statement for those looking for an overnight RV, it ain’t happening. This means they are sticking with sound monetary policies that will improve the value of the dinar as the GDP improves. In other words, as investment comes into Iraq, the dinar will rise in value. Which from everything else we have read, appears to be some kind of float.
Read more: http://www.dinarupdates.com/observer/
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Mnt Goat (Dinar Guru) – So the BIG question is this – is there a new plan to stock the US Reserves with Iraqi dinar and use it to pay off the National Debt after its revaluation? Well one thing we do know for sure is the Iraqi dinar will have a very substantial revaluation unlike the initial re-instatement of the Kuwaiti dinar. We know this from knowing about the process to “delete the zeros”. In fact the Kuwaiti dinar never really did revalue, it only rose in rate (not value) due to the float on FOREX and pure speculation. It then came back to reality… [post 1 of 2….stay tuned]
Read more: http://www.dinarupdates.com/observer/
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The birth of a new economy
Despite the challenges facing the Iraqi economy in all productive and service joints without exception, but hope exists as we are looking hard for exit outlets to the world of development, which was not impossible according to the accounts of specialists and researchers and interested in economic affairs.
In the context of achieving sustainable development in all sectors and national will, the birth of a new economy is possible in all joints with real hope if accompanied by a sincere will, a hope that grows to be an ideal and positive model in society and serve it in a way that reflects a positive image Supports the family economy.
The birth of an effective economy, after a waiting period that can be described as long, needs to organize the development process in all its forms, as well as the availability of data that can be the focus of real success in various fields of production and service alike.
Iraq has the human capabilities and resources, which in general need to carefully plan their investment in a way that transforms resources into real resources that serve the national economy and achieve a multiplicity of resources and contribute significantly to the GDP…
Read More: http://www.dinarupdates.com/showthread.php?56234-The-birth-of-a-new-economy
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Mnt Goat (Dinar Guru) – I am positive there is some plan to do something and use some of this to pay off debt if nothing else in part to use it for the deficit negotiations… Can they balance the deficit? Trump will look like a hero if they can and do it without closing down the govt again. As the US is not doing all this work in Iraq to just fight terrorism. I do not know all the details nor will I pretend to know. We shall all find out after the fact. This is all information that, if you tie it all together, points to the near completion of the project to delete the zeros and eventual revaluation of the Iraqi dinar. This what we are looking for. This is our TARGET! [post 2 of 2]
Read more: http://www.dinarupdates.com/observer/
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Frank26 (Dinar Guru) – Article: “Al-Nasiri: Central Bank aims to build a solid banking sector in 2018” Quotes: “Central Bank’s adoption of standards and controls conforms to the requirements of international standards and the basic and subsidiary objectives of its strategy until 2020 and to activate and consolidate new visions of monetary policy applications,,,”; “…the Central Bank has introduced new policies and visions and mechanisms of smooth implementation, but it is monitored and followed up on a daily and accurate basis inside and outside Iraq in order to achieve the above economic goals and strengthen international banking relations with the international banks in order to serve our national economy and the banking sector.” YOU NEED TO READ THIS WITH THE HEART OF A STUDENT OF YOUR INVESTMENT…THIS IS THE MAIN SOURCE…DO NOT WALK BY THIS…”ARTICLE”.
Read more: http://www.dinarupdates.com/observer/
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National Alliance: the budget will continue with the presence of Kurds or their absence
MP for the National Alliance Hassan Khalati, said that “the budget will continue after the completion of the second reading in parliament, which was supposed to be read in yesterday’s session, but because of the absence of a legal quorum was not put on the agenda of the meeting”
He said in a statement that “after the second reading, will go to the House of Representatives to vote on the budget law, and this is what we seek and work on it in the coming sessions.”
He added that “the Kurdish deputies to stop boycotting the sessions of Parliament in relation to the budget of 2018, but everyone must resort to the Constitution in the issue of distribution of shares in the current budget.”
The Kurdish blocs that the draft law of the financial budget for 2018 “marginalized” the Kurds and canceled the territorial entity, while pointed out that the participation of Kurds in the upcoming elections are not related to the implementation of their demands in the budget.
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Some interesting headlines…
Interview: Iraq hopes to start new chapter after Kuwait conference
Tilerson begins a regional tour of Iraq reconstruction conference
Businessmen seek guarantees against bureaucracy to invest in Iraq
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Interview: Iraq hopes to start new chapter after Kuwait conference
by Jamal Hashim
BAGHDAD, Feb. 10 (Xinhua) — The Iraqi government hopes to start a new chapter in its economy and the life of the Iraqi people after the upcoming Kuwait’s international conference for reconstruction of Iraq, which follows the full defeat of Islamic State (IS) group in the country.
“In my view, the doors will open up to a new life for Iraq, that would compensate the Iraqi citizen after the great suffering from the war against Daesh (IS group),” Mustafa al-Hiti, head of the Iraqi fund for reconstruction of affected areas by anti-IS military operations, told Xinhua in an interview.
Hiti said that the Iraqi government would unveil more than 150 investment projects in different fields, in addition to offering a number of investment projects by the private sector…
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The Other Battle in Iraq
Editor’s Note: The last year saw a rare bit of good news in Iraq, as the government there expelled much of the Islamic State from its territory. However, many problems plague the country. Douglas Ollivant of New America warns that the Iraqi government now must take on a far more pernicious foe: corruption. He details the problems this causes in Iraq and offers ideas on how to reduce it.
The Islamic State has been defeated in Iraq, but another threat continues to have a stranglehold on the Iraqi state—the pernicious corruption that has plagued the country for decades, particularly since the overthrow of the Baathist Saddam Hussein regime. While corruption will never be totally defeated, the government must diminish it significantly in the coming months, both to demonstrate to the Iraqi people that their government intends to faithfully discharge its responsibilities, and to liberate Iraq’s economy to provide for all its people. Failing to address this challenge will put at risk the recent victory over the Islamic State, and it is therefore in the interests of the United States to support this effort however it can.
Prime Minster Haider al-Abadi announced on December 9 that the Islamic State no longer occupies territory in Iraq, and the Iraqi Army now controls the border with Syria, isolating the terrorist organization in that country. Pushing out the Islamic State as an organized force has been a hard-fought victory, one that many analysts predicted could and would not be achieved. And yet the Iraqi military has bounced back from their humiliating rout in 2014 to liberate the entirety of the country.
While victory has a thousand fathers—many of them legitimate—the credit for leadership rightfully goes to Iraq’s chief executive, Prime Minister Abadi. The brave Iraqi soldiers who gave their lives in the grueling ground war have made the ultimate sacrifice, and the suffering of Iraqi families caught in the battles must be acknowledged. At the same time, the training and investment (and airpower) of the United States was a critical piece of the overall victory. But, at the end of the day, had this gone badly, we would be placing the blame at Abadi’s feet, and so in triumph the kudos reflect on the leader…
Read More: http://www.dinarupdates.com/showthread.php?56230-The-Other-Battle-in-Iraq
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Click this link to join the DU “private” FaceBook Group…
https://www.facebook.com/groups/571383766355188/
(go here and ask to join… then add some Dinar Friends!!)
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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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