Masoum calls for the unification of the Iraqi banking system to promote economic reality

President Fuad Masum called on Thursday for the unification of the Iraqi banking system in all parts of the country in order to promote economic reality.

“President Fuad Masum received at the Peace Palace in Baghdad on Thursday, the governor of the Central Bank Ali al-Aalak,” said a statement by the president of the republic.

“The meeting discussed the current monetary and financial situation and the need to modernize banking mechanisms and specialties in Iraq, taking advantage of the latest international technical data,” the statement said.

He stressed the infallibility of the central role of the Central Bank of Iraq in supporting partnership with foreign banks approved and facilitate transactions with local and foreign monetary institutions and strengthen its work within the country in accordance with the law and serve to accelerate the construction of a comprehensive and strong economic system.

Read more:  http://www.dinarupdates.com/showthread.php?55658-Masoum-calls-for-the-unification-of-the-Iraqi-banking-system-to-promote-economic-real
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Disclosure of World Bank Conditions in the Financial Budget for 2018

A member of the Finance Committee, Hossam al-Aqabi, on Wednesday revealed some of the conditions of the World Bank, which was included by the government in the draft bill of the budget of 2018, noting that the government stressed the need to abide by these conditions.

“The draft law of the budget of 2018, sent by the government to parliament a few days ago, has obligations on the conditions of the World Bank and these obligations is the need to pay the government’s foreign and internal and confirmation of the commitment with rounds of licenses for companies operating in the oil fields,” he said. That “many of the observations of the World Bank did not see them because the meetings are held only between the government and the World Bank without the entry of the House of Representatives as a party in these meetings.”

He added that “there is a confirmation in the financial budget law on the commitment of ministries to collect their revenues concerned some fees and services as well as revenues obtained by the non-oil revenues, which are collected through taxes and customs.”

Read more:   http://www.dinarupdates.com/showthread.php?55648-Disclosure-of-World-Bank-Conditions-in-the-Financial-Budget-for-2018
______________________________________________________________

 Delta (Dinar Guru) –   …it looks like for some reason they moved that celebration date we were all interested in last week at that time...It looks like they had stuff to finish and make sure everything was good…And moved it to this coming week…all these different countries are going to come down and…the big celebration is on Saturday…about 100 countries, other nations coming down so this is not only the liberation I do believe it’s all about timing…he makes that announcement that they are fully liberated then he is going to go into the economic and monetary reforms.  Abadi…wants to show to the world…we’re done. And the nations are waiting for that…because remember the Prime Minister…the leader of a nation comes out internationally and gives basically that speech that will give more confidence for investors.  …we don’t see any negative things…from the CBI…he said all the preparations are underway so when they make the decision it’s going to be easy to flip the switch and the numbers are right there internationally.  So it’s all great and good information.

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

Adam Montana (Dinar Guru) –   …over in Iraq, we have a little more news than usual this week! It’s being rumored (some confirmed sources, some… not so confirmed) that there is a legitimate push to introduce new currency notes, presumably in smaller denominations. That’s not something you do unless you can establish a need for those smaller notes, which of course requires a stronger exchange rate.  The Budget is likely to be finalized in February. I know that’s an eternity for some of us, but that’s the buzz.  Unfortunately, I have nothing to report on the HCL. I’m hearing rumors, but nothing confirmed..

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

Iraq signs an agreement with the European Union to finance the government’s efforts to reconstruct the areas

BAGHDAD (Reuters) – Iraq will sign an agreement on Wednesday to fund reconstruction efforts by the Iraqi government, financed by the European Union, the Ministry of Planning announced on Tuesday.

“The signing ceremony will take place at the headquarters of the Ministry of Planning at 9 am on Wednesday,” the ministry’s spokesman Abdul Zahra al-Hindawi said in a statement received by Iraq News.

He added that he “will sign the Iraqi side of the Minister of Planning Salman Jumaili and the European Union Ambassador of the Union in Iraq and will be followed by the signing of a press conference to explain the details of the agreement and the amounts and projects funded by”.

Read more:  http://www.dinarupdates.com/showthread.php?55635-Iraq-signs-an-agreement-with-the-European-Union-to-finance-the-government-s-efforts
______________________________________________________________

______________________________________________________________

G-Lin (Dinar Guru) –   Article:  “The Central Bank strengthens banks in local currencies of small groups”   Quotes:  “…the printing of the Iraqi currency and replace them cost amounts,” calling on citizens to maintain and maintain Bank notes when trading.”  “the Central Bank has announced a tender for the printing of new banknotes (small categories) in the printing companies of the world.”  Is this the beginning of distribution of L.D.’s?  If so, they did it last month.  It just doesn’t make sense to me for CBI to go to the expense of printing 1000’s and 500’s based on today’s value unless they intend to give them a higher value. It cost more to print them than they are worth. Of course they wouldn’t tell us if they distributed anything smaller. That would tell us too much.

Read more:   http://www.dinarupdates.com/observer/

______________________________________________________________

US Emphasizes Importance of Sound Banking System

US Ambassador to Iraq Douglas Silliman (pictured) has joined other distinguished guests and speakers at the Iraq Banking and Investment Summit on December 2.

The Ambassador spoke about the need to create economic opportunity for Iraq’s younger generation through a transition from a government-controlled, oil-based economy, toward a more diversified free market system that fosters and encourages private investment.

He noted the need to improve the ease of doing business in Iraq and emphasized that a sound banking system will be crucial to provide financing for aspiring entrepreneurs and business people.

Read more:   http://www.dinarupdates.com/showthread.php?55630-US-emphasises-Importance-of-Sound-Banking-System
______________________________________________________________

G-Lin (Dinar Guru) –   A well-informed political source reveals the “identity” of the two companies that the Abadi government contracted with to help fill corruption files...  Article quote:  “A source familiar with the political, on Sunday, that two companies are conducting the verification of files of corruption in Iraq since 2003.  The source said in a press statement that ‘two companies, one American and one British are conducting the audit files corruption in Iraq since 2003 so far, and its task to detect corruption and identify the identities of those involved.”  The investigation into the corruption cases is due to start on the basis of a memorandum of understanding signed by the Iraqi government with the United Nations.  International investigators will assist the Iraqi government in uncovering the fate of Iraq’s $ 361 billion budget deficit between 2004 and 2014.

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

Kaperoni (Dinar Guru) –   Article:   “Expert for {morning}: 2018 will see a renaissance by making {in Iraq}”  Quote:  “the government has worked during the last term on the advancement of the industry through a partnership with the private sector, but the move has seen a delay because of the war on terror, but we hope to be activated during the next year”   [2018 it is.]   I dont like to get overly excited.  This could take another 3-6 months before they get into Article VIII and begin to float.  Nothing moves fast in Iraq.  But we can hope.

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

Governor of the Central Bank of the first economic profile for 2017

*The support provided by the Central Bank to the national economy during the economic and financial crisis and the war on terror is a shining point and a successful experience of success in a country that is going through harsh conditions and a historical phase which is the most difficult to face the economic and security challenges that no country has experienced in the world during the last three years like Iraq.

As proved Mohsen Alalak, Governor of the Central Bank of Iraq and his team that they are Mujahideen of first-class in the promotion of economic steadfastness and achieve financial stability and financial victory. Through prudent efforts and measures and the applications of monetary policy and the development procedures of the Central Bank in the difficult economic stage of Iraq that they were able to draw a strategy for the years (2016-2020) and a clear roadmap goals and ambitions to stabilize the financial system and stimulate fiscal growth and financial inclusion and structural and institutional construction and investment Human capital through the achievements of its mission achieved during the years (2015-2017), the most prominent: maintain the inflation rate of not more than 2% and the level of foreign reserves within acceptable rates in accordance with international standards, where the reserve.

A foreigner to Iraq up to $ 47 billion and stimulate the banking sector regulatory and supervisory and supervisory and establish new units within the regulatory structures of banks such as compliance and combating money laundering and financing of terrorism and credit and operational risk management and the issuance of the law of money laundering 39 for 2017 and the development of payment systems and the application of all payments by retail and mobile phone and the establishment of the national division

Read more:  http://www.dinarupdates.com/showthread.php?55629-Governor-of-the-Central-Bank-of-the-first-economic-profile-for-2017
______________________________________________________________

______________________________________________________________

Follow us on twitter @DinarUpdates !!

Dinar Updates  –  Q & A Call  –  with BGG from Nov 8th –  8:00 pm Conference Call Phone # 641-715-3639 pin #528733

11/08 – Recorded Call Replay Link

______________________________________________________________

Abadi and Russian minister discuss expanding the participation of Russian companies in reconstruction and investment projects

Alsumaria News / Baghdad Prime Minister Haider al-Abadi and Russian Energy Minister Alexander Novak on Tuesday discussed bilateral relations between Baghdad and Moscow in five areas and ways to expand the participation of Russian companies in reconstruction and investment projects.

“The Prime Minister Haider al-Abadi received today, Russian Energy Minister Alexander Novak,” said Abbadi’s office in a statement received by Alsumaria News. “During the meeting, they discussed the development of bilateral relations between the two countries in the fields of energy, economy, trade, oil and electricity, Expanding the participation of Russian companies in reconstruction and investment projects. ”

“Novak congratulated the Iraqi victories on the terrorist gangs and stressed the position of his country supporting Iraq in various fields.”

Iraq is seeking to strengthen its relations with the countries of the world and specifically its regional environment, especially during its battle against the organization “Daash”. Abadi stressed on more than one occasion Iraq’s keenness to build good neighborly relations with the surrounding countries.

Read more:  http://www.dinarupdates.com/showthread.php?55640-Abadi-and-Russian-minister-discuss-expanding-the-participation-of-Russian-companies
______________________________________________________________

G-Lin (Dinar Guru) –    Abadi has a ridiculously tough job and I don’t think he can do it alone. Amal Clooney has appeared before the U.N. several times begging Abadi to sign a simple doc. that would open Iraq up to the I.C.C. and to my knowledge he has not cooperated yet. Parl. probably has him handcuffed. So frustrating. The I.C.C. has all of the docs. on Maliki and many more and interpol could issue arrest warrants immediately. Maliki and Barzani are too powerful and charges must be brought up in the international courts. Curtailing Iran’s influence is no easy task. I did read yesterday where Russia is giving some resistance to Iran and the Gulf summit will be held in Kuwait next week. Results of that summit may be fruitful

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

Kaperoni (Dinar Guru) –   We all should know by now currency reform is a process. Currency reform like we want to see requires stability, implementation of technology, and planning.  From what I am reading, progress has been made in recent weeks with the new CBI law, anti money laundering, electronic banking.  But this takes time to implement and activate.  Not to mention the CBI still has work to do to be in compliance with the IMF.  The good news is the CBI is pushing forward on reforms, have banking events scheduled next month, next year.  With all this known, hopefully we will see changes in the next few months to perpetuate the banking system and encourage investment

Read more:   http://www.dinarupdates.com/observer/

______________________________________________________________

______________________________________________________________

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!!)

______________________________________________________________

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
______________________________________________________________

If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!!

Thanks – BGG!!

www.DinarUpdates.com

Disclosure of World Bank Conditions in the Financial Budget for 2018

A member of the Finance Committee, Hossam al-Aqabi, on Wednesday revealed some of the conditions of the World Bank, which was included by the government in the draft bill of the budget of 2018, noting that the government stressed the need to abide by these conditions.

“The draft law of the budget of 2018, sent by the government to parliament a few days ago, has obligations on the conditions of the World Bank and these obligations is the need to pay the government’s foreign and internal and confirmation of the commitment with rounds of licenses for companies operating in the oil fields,” he said. That “many of the observations of the World Bank did not see them because the meetings are held only between the government and the World Bank without the entry of the House of Representatives as a party in these meetings.”

He added that “there is a confirmation in the financial budget law on the commitment of ministries to collect their revenues concerned some fees and services as well as revenues obtained by the non-oil revenues, which are collected through taxes and customs.”

Read more:   http://www.dinarupdates.com/showthread.php?55648-Disclosure-of-World-Bank-Conditions-in-the-Financial-Budget-for-2018
______________________________________________________________

 Delta (Dinar Guru) –   …it looks like for some reason they moved that celebration date we were all interested in last week at that time...It looks like they had stuff to finish and make sure everything was good…And moved it to this coming week…all these different countries are going to come down and…the big celebration is on Saturday…about 100 countries, other nations coming down so this is not only the liberation I do believe it’s all about timing…he makes that announcement that they are fully liberated then he is going to go into the economic and monetary reforms.  Abadi…wants to show to the world…we’re done. And the nations are waiting for that…because remember the Prime Minister…the leader of a nation comes out internationally and gives basically that speech that will give more confidence for investors.  …we don’t see any negative things…from the CBI…he said all the preparations are underway so when they make the decision it’s going to be easy to flip the switch and the numbers are right there internationally.  So it’s all great and good information.

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

Adam Montana (Dinar Guru) –   …over in Iraq, we have a little more news than usual this week! It’s being rumored (some confirmed sources, some… not so confirmed) that there is a legitimate push to introduce new currency notes, presumably in smaller denominations. That’s not something you do unless you can establish a need for those smaller notes, which of course requires a stronger exchange rate.  The Budget is likely to be finalized in February. I know that’s an eternity for some of us, but that’s the buzz.  Unfortunately, I have nothing to report on the HCL. I’m hearing rumors, but nothing confirmed..

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

Iraq signs an agreement with the European Union to finance the government’s efforts to reconstruct the areas

BAGHDAD (Reuters) – Iraq will sign an agreement on Wednesday to fund reconstruction efforts by the Iraqi government, financed by the European Union, the Ministry of Planning announced on Tuesday.

“The signing ceremony will take place at the headquarters of the Ministry of Planning at 9 am on Wednesday,” the ministry’s spokesman Abdul Zahra al-Hindawi said in a statement received by Iraq News.

He added that he “will sign the Iraqi side of the Minister of Planning Salman Jumaili and the European Union Ambassador of the Union in Iraq and will be followed by the signing of a press conference to explain the details of the agreement and the amounts and projects funded by”.

Read more:  http://www.dinarupdates.com/showthread.php?55635-Iraq-signs-an-agreement-with-the-European-Union-to-finance-the-government-s-efforts
______________________________________________________________

______________________________________________________________

G-Lin (Dinar Guru) –   Article:  “The Central Bank strengthens banks in local currencies of small groups”   Quotes:  “…the printing of the Iraqi currency and replace them cost amounts,” calling on citizens to maintain and maintain Bank notes when trading.”  “the Central Bank has announced a tender for the printing of new banknotes (small categories) in the printing companies of the world.”  Is this the beginning of distribution of L.D.’s?  If so, they did it last month.  It just doesn’t make sense to me for CBI to go to the expense of printing 1000’s and 500’s based on today’s value unless they intend to give them a higher value. It cost more to print them than they are worth. Of course they wouldn’t tell us if they distributed anything smaller. That would tell us too much.

Read more:   http://www.dinarupdates.com/observer/

______________________________________________________________

US Emphasizes Importance of Sound Banking System

US Ambassador to Iraq Douglas Silliman (pictured) has joined other distinguished guests and speakers at the Iraq Banking and Investment Summit on December 2.

The Ambassador spoke about the need to create economic opportunity for Iraq’s younger generation through a transition from a government-controlled, oil-based economy, toward a more diversified free market system that fosters and encourages private investment.

He noted the need to improve the ease of doing business in Iraq and emphasized that a sound banking system will be crucial to provide financing for aspiring entrepreneurs and business people.

Read more:   http://www.dinarupdates.com/showthread.php?55630-US-emphasises-Importance-of-Sound-Banking-System
______________________________________________________________

G-Lin (Dinar Guru) –   A well-informed political source reveals the “identity” of the two companies that the Abadi government contracted with to help fill corruption files...  Article quote:  “A source familiar with the political, on Sunday, that two companies are conducting the verification of files of corruption in Iraq since 2003.  The source said in a press statement that ‘two companies, one American and one British are conducting the audit files corruption in Iraq since 2003 so far, and its task to detect corruption and identify the identities of those involved.”  The investigation into the corruption cases is due to start on the basis of a memorandum of understanding signed by the Iraqi government with the United Nations.  International investigators will assist the Iraqi government in uncovering the fate of Iraq’s $ 361 billion budget deficit between 2004 and 2014.

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

Kaperoni (Dinar Guru) –   Article:   “Expert for {morning}: 2018 will see a renaissance by making {in Iraq}”  Quote:  “the government has worked during the last term on the advancement of the industry through a partnership with the private sector, but the move has seen a delay because of the war on terror, but we hope to be activated during the next year”   [2018 it is.]   I dont like to get overly excited.  This could take another 3-6 months before they get into Article VIII and begin to float.  Nothing moves fast in Iraq.  But we can hope.

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

Governor of the Central Bank of the first economic profile for 2017

*The support provided by the Central Bank to the national economy during the economic and financial crisis and the war on terror is a shining point and a successful experience of success in a country that is going through harsh conditions and a historical phase which is the most difficult to face the economic and security challenges that no country has experienced in the world during the last three years like Iraq.

As proved Mohsen Alalak, Governor of the Central Bank of Iraq and his team that they are Mujahideen of first-class in the promotion of economic steadfastness and achieve financial stability and financial victory. Through prudent efforts and measures and the applications of monetary policy and the development procedures of the Central Bank in the difficult economic stage of Iraq that they were able to draw a strategy for the years (2016-2020) and a clear roadmap goals and ambitions to stabilize the financial system and stimulate fiscal growth and financial inclusion and structural and institutional construction and investment Human capital through the achievements of its mission achieved during the years (2015-2017), the most prominent: maintain the inflation rate of not more than 2% and the level of foreign reserves within acceptable rates in accordance with international standards, where the reserve.

A foreigner to Iraq up to $ 47 billion and stimulate the banking sector regulatory and supervisory and supervisory and establish new units within the regulatory structures of banks such as compliance and combating money laundering and financing of terrorism and credit and operational risk management and the issuance of the law of money laundering 39 for 2017 and the development of payment systems and the application of all payments by retail and mobile phone and the establishment of the national division

Read more:  http://www.dinarupdates.com/showthread.php?55629-Governor-of-the-Central-Bank-of-the-first-economic-profile-for-2017
______________________________________________________________

______________________________________________________________

Follow us on twitter @DinarUpdates !!

Dinar Updates  –  Q & A Call  –  with BGG from Nov 8th –  8:00 pm Conference Call Phone # 641-715-3639 pin #528733

11/08 – Recorded Call Replay Link

______________________________________________________________

Abadi and Russian minister discuss expanding the participation of Russian companies in reconstruction and investment projects

Alsumaria News / Baghdad Prime Minister Haider al-Abadi and Russian Energy Minister Alexander Novak on Tuesday discussed bilateral relations between Baghdad and Moscow in five areas and ways to expand the participation of Russian companies in reconstruction and investment projects.

“The Prime Minister Haider al-Abadi received today, Russian Energy Minister Alexander Novak,” said Abbadi’s office in a statement received by Alsumaria News. “During the meeting, they discussed the development of bilateral relations between the two countries in the fields of energy, economy, trade, oil and electricity, Expanding the participation of Russian companies in reconstruction and investment projects. ”

“Novak congratulated the Iraqi victories on the terrorist gangs and stressed the position of his country supporting Iraq in various fields.”

Iraq is seeking to strengthen its relations with the countries of the world and specifically its regional environment, especially during its battle against the organization “Daash”. Abadi stressed on more than one occasion Iraq’s keenness to build good neighborly relations with the surrounding countries.

Read more:  http://www.dinarupdates.com/showthread.php?55640-Abadi-and-Russian-minister-discuss-expanding-the-participation-of-Russian-companies
______________________________________________________________

G-Lin (Dinar Guru) –    Abadi has a ridiculously tough job and I don’t think he can do it alone. Amal Clooney has appeared before the U.N. several times begging Abadi to sign a simple doc. that would open Iraq up to the I.C.C. and to my knowledge he has not cooperated yet. Parl. probably has him handcuffed. So frustrating. The I.C.C. has all of the docs. on Maliki and many more and interpol could issue arrest warrants immediately. Maliki and Barzani are too powerful and charges must be brought up in the international courts. Curtailing Iran’s influence is no easy task. I did read yesterday where Russia is giving some resistance to Iran and the Gulf summit will be held in Kuwait next week. Results of that summit may be fruitful

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

Kaperoni (Dinar Guru) –   We all should know by now currency reform is a process. Currency reform like we want to see requires stability, implementation of technology, and planning.  From what I am reading, progress has been made in recent weeks with the new CBI law, anti money laundering, electronic banking.  But this takes time to implement and activate.  Not to mention the CBI still has work to do to be in compliance with the IMF.  The good news is the CBI is pushing forward on reforms, have banking events scheduled next month, next year.  With all this known, hopefully we will see changes in the next few months to perpetuate the banking system and encourage investment

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

Jubouri: Budget deficit in 2018 is too large

Said the Speaker of the House of Representatives Salim Jubouri, the proportion of deficit in the financial budget for 2018 is very large and this does not mean that there are no outlets to overcome the difficulties.

“How to reduce the spending and we have thousands of graduates waiting for the state to create jobs for them,” Jubouri said during his visit to the Taji beach area north of Baghdad and his meeting with the people of the region.

“We are coming to the stage of building and stability after the victory over terrorism and the construction process is no less important than confronting terrorism,” he said, noting that “there are eight precious costs that Iraqis have paid for stability.”

“It is our duty to protect the blood that has been made for the unity of the Iraqis, and there are people of our people who have fallen under the injustice and need us pause to lift the injustice from them, and the right of the people is to provide opportunities and alternatives to overcome the challenges facing.

Read more:   http://www.dinarupdates.com/showthread.php?55637-Jubouri-Budget-deficit-in-2018-is-too-large

______________________________________________________________

Sandyf (Dinar Guru) –    Guru Kaperoni quote:  “Once they float, it may take 6 months to a year to get to $1”   With appreciation at 5% a week it would take about 140 weeks to reach parity. No economy could tolerate that level of appreciation it would be more like 0.5% a month.  In reality a float would be more like 6 years to a lifetime. 

Read more:   http://www.dinarupdates.com/observer
______________________________________________________________

Breitling (Dinar Guru) – There’s never been an “In country revaluation”.  That’s the most retarded thing I’ve ever heard in my life.  You can’t have a currency where it’s one price in one country and another price in another country.  And all the rest of the world is a different price.  How does that work?  If that’s true then I’ll just take my dinar and go to Iraq and exchange my currency.  If i’m going to exchange for millions and millions of dollars that’s not going to be a threat to me is it?  So that’s stupid and doesn’t make any sense.

Read more:   http://www.dinarupdates.com/observer/

______________________________________________________________

______________________________________________________________

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!!)

______________________________________________________________

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
______________________________________________________________

If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!!

Thanks – BGG!!

www.DinarUpdates.com

Iraq signs an agreement with the European Union to finance the government’s efforts to reconstruct the areas

BAGHDAD (Reuters) – Iraq will sign an agreement on Wednesday to fund reconstruction efforts by the Iraqi government, financed by the European Union, the Ministry of Planning announced on Tuesday.

“The signing ceremony will take place at the headquarters of the Ministry of Planning at 9 am on Wednesday,” the ministry’s spokesman Abdul Zahra al-Hindawi said in a statement received by Iraq News.

He added that he “will sign the Iraqi side of the Minister of Planning Salman Jumaili and the European Union Ambassador of the Union in Iraq and will be followed by the signing of a press conference to explain the details of the agreement and the amounts and projects funded by”.

Read more:  http://www.dinarupdates.com/showthread.php?55635-Iraq-signs-an-agreement-with-the-European-Union-to-finance-the-government-s-efforts
______________________________________________________________

G-Lin (Dinar Guru) –   Article:  “The Central Bank strengthens banks in local currencies of small groups”   Quotes:  “…the printing of the Iraqi currency and replace them cost amounts,” calling on citizens to maintain and maintain Bank notes when trading.”  “the Central Bank has announced a tender for the printing of new banknotes (small categories) in the printing companies of the world.”  Is this the beginning of distribution of L.D.’s?  If so, they did it last month.  It just doesn’t make sense to me for CBI to go to the expense of printing 1000’s and 500’s based on today’s value unless they intend to give them a higher value. It cost more to print them than they are worth. Of course they wouldn’t tell us if they distributed anything smaller. That would tell us too much.

Read more:   http://www.dinarupdates.com/observer/

______________________________________________________________

US Emphasizes Importance of Sound Banking System

US Ambassador to Iraq Douglas Silliman (pictured) has joined other distinguished guests and speakers at the Iraq Banking and Investment Summit on December 2.

The Ambassador spoke about the need to create economic opportunity for Iraq’s younger generation through a transition from a government-controlled, oil-based economy, toward a more diversified free market system that fosters and encourages private investment.

He noted the need to improve the ease of doing business in Iraq and emphasized that a sound banking system will be crucial to provide financing for aspiring entrepreneurs and business people.

Read more:   http://www.dinarupdates.com/showthread.php?55630-US-emphasises-Importance-of-Sound-Banking-System
______________________________________________________________

______________________________________________________________

G-Lin (Dinar Guru) –   A well-informed political source reveals the “identity” of the two companies that the Abadi government contracted with to help fill corruption files...  Article quote:  “A source familiar with the political, on Sunday, that two companies are conducting the verification of files of corruption in Iraq since 2003.  The source said in a press statement that ‘two companies, one American and one British are conducting the audit files corruption in Iraq since 2003 so far, and its task to detect corruption and identify the identities of those involved.”  The investigation into the corruption cases is due to start on the basis of a memorandum of understanding signed by the Iraqi government with the United Nations.  International investigators will assist the Iraqi government in uncovering the fate of Iraq’s $ 361 billion budget deficit between 2004 and 2014.

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

Kaperoni (Dinar Guru) –   Article:   “Expert for {morning}: 2018 will see a renaissance by making {in Iraq}”  Quote:  “the government has worked during the last term on the advancement of the industry through a partnership with the private sector, but the move has seen a delay because of the war on terror, but we hope to be activated during the next year”   [2018 it is.]   I dont like to get overly excited.  This could take another 3-6 months before they get into Article VIII and begin to float.  Nothing moves fast in Iraq.  But we can hope.

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

Governor of the Central Bank of the first economic profile for 2017

*The support provided by the Central Bank to the national economy during the economic and financial crisis and the war on terror is a shining point and a successful experience of success in a country that is going through harsh conditions and a historical phase which is the most difficult to face the economic and security challenges that no country has experienced in the world during the last three years like Iraq.

As proved Mohsen Alalak, Governor of the Central Bank of Iraq and his team that they are Mujahideen of first-class in the promotion of economic steadfastness and achieve financial stability and financial victory. Through prudent efforts and measures and the applications of monetary policy and the development procedures of the Central Bank in the difficult economic stage of Iraq that they were able to draw a strategy for the years (2016-2020) and a clear roadmap goals and ambitions to stabilize the financial system and stimulate fiscal growth and financial inclusion and structural and institutional construction and investment Human capital through the achievements of its mission achieved during the years (2015-2017), the most prominent: maintain the inflation rate of not more than 2% and the level of foreign reserves within acceptable rates in accordance with international standards, where the reserve.

A foreigner to Iraq up to $ 47 billion and stimulate the banking sector regulatory and supervisory and supervisory and establish new units within the regulatory structures of banks such as compliance and combating money laundering and financing of terrorism and credit and operational risk management and the issuance of the law of money laundering 39 for 2017 and the development of payment systems and the application of all payments by retail and mobile phone and the establishment of the national division

Read more:  http://www.dinarupdates.com/showthread.php?55629-Governor-of-the-Central-Bank-of-the-first-economic-profile-for-2017
______________________________________________________________

______________________________________________________________

Follow us on twitter @DinarUpdates !!

Dinar Updates  –  Q & A Call  –  with BGG from Nov 8th –  8:00 pm Conference Call Phone # 641-715-3639 pin #528733

11/08 – Recorded Call Replay Link

______________________________________________________________

Abadi and Russian minister discuss expanding the participation of Russian companies in reconstruction and investment projects

Alsumaria News / Baghdad Prime Minister Haider al-Abadi and Russian Energy Minister Alexander Novak on Tuesday discussed bilateral relations between Baghdad and Moscow in five areas and ways to expand the participation of Russian companies in reconstruction and investment projects.

“The Prime Minister Haider al-Abadi received today, Russian Energy Minister Alexander Novak,” said Abbadi’s office in a statement received by Alsumaria News. “During the meeting, they discussed the development of bilateral relations between the two countries in the fields of energy, economy, trade, oil and electricity, Expanding the participation of Russian companies in reconstruction and investment projects. ”

“Novak congratulated the Iraqi victories on the terrorist gangs and stressed the position of his country supporting Iraq in various fields.”

Iraq is seeking to strengthen its relations with the countries of the world and specifically its regional environment, especially during its battle against the organization “Daash”. Abadi stressed on more than one occasion Iraq’s keenness to build good neighborly relations with the surrounding countries.

Read more:  http://www.dinarupdates.com/showthread.php?55640-Abadi-and-Russian-minister-discuss-expanding-the-participation-of-Russian-companies
______________________________________________________________

G-Lin (Dinar Guru) –    Abadi has a ridiculously tough job and I don’t think he can do it alone. Amal Clooney has appeared before the U.N. several times begging Abadi to sign a simple doc. that would open Iraq up to the I.C.C. and to my knowledge he has not cooperated yet. Parl. probably has him handcuffed. So frustrating. The I.C.C. has all of the docs. on Maliki and many more and interpol could issue arrest warrants immediately. Maliki and Barzani are too powerful and charges must be brought up in the international courts. Curtailing Iran’s influence is no easy task. I did read yesterday where Russia is giving some resistance to Iran and the Gulf summit will be held in Kuwait next week. Results of that summit may be fruitful

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

Kaperoni (Dinar Guru) –   We all should know by now currency reform is a process. Currency reform like we want to see requires stability, implementation of technology, and planning.  From what I am reading, progress has been made in recent weeks with the new CBI law, anti money laundering, electronic banking.  But this takes time to implement and activate.  Not to mention the CBI still has work to do to be in compliance with the IMF.  The good news is the CBI is pushing forward on reforms, have banking events scheduled next month, next year.  With all this known, hopefully we will see changes in the next few months to perpetuate the banking system and encourage investment

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

Jubouri: Budget deficit in 2018 is too large

Said the Speaker of the House of Representatives Salim Jubouri, the proportion of deficit in the financial budget for 2018 is very large and this does not mean that there are no outlets to overcome the difficulties.

“How to reduce the spending and we have thousands of graduates waiting for the state to create jobs for them,” Jubouri said during his visit to the Taji beach area north of Baghdad and his meeting with the people of the region.

“We are coming to the stage of building and stability after the victory over terrorism and the construction process is no less important than confronting terrorism,” he said, noting that “there are eight precious costs that Iraqis have paid for stability.”

“It is our duty to protect the blood that has been made for the unity of the Iraqis, and there are people of our people who have fallen under the injustice and need us pause to lift the injustice from them, and the right of the people is to provide opportunities and alternatives to overcome the challenges facing.

Read more:   http://www.dinarupdates.com/showthread.php?55637-Jubouri-Budget-deficit-in-2018-is-too-large
______________________________________________________________

Kaperoni (Dinar Guru) –   So what is the Balassa-Samuelson effect hypothesis?  We will get into this…as this little nugget is very important to us as dinar investors. We already know the plan is to float dinar based on the IMF statement…(gradual appreciation)  [reference Guru Kaperoni post 11-30-2017]. When you search Wikipedia, you get an explanation for this as…”Balassa–Samuelson (BS) hypothesis implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words, the IMF themselves are acknowledging (by saying Balassa–Samuelson effect in this Article IV document) the dinar will rise rapidly.

Read more:   http://www.dinarupdates.com/observer/

______________________________________________________________

Sandyf (Dinar Guru) –    Guru Kaperoni quote:  “Once they float, it may take 6 months to a year to get to $1”   With appreciation at 5% a week it would take about 140 weeks to reach parity. No economy could tolerate that level of appreciation it would be more like 0.5% a month.  In reality a float would be more like 6 years to a lifetime. 

Read more:   http://www.dinarupdates.com/observer
______________________________________________________________

The Iraqi parliament is seeking to pass a law “from where you have this” to be applied to officials from general managers and above

The legal committee in the Iraqi parliament has revealed efforts to pass a law (from where do you have this?) To apply to officials from general managers and above, while pointing out that the proposed law will also include officials in the Kurdistan region.

“After Prime Minister Haider al-Abadi announced the war on corruption, we need a law to prosecute corrupt people and verify their sources of wealth,” committee member Zana Said said in a health statement on Wednesday.

“The proposal includes the prosecution of all directors-general and higher in all provinces, as well as in the region because officials there acted with imported federal revenues Of oil and customs and the federal budget, which was the disposal of the region, “noting that” there is likely to be enrichment without cause and misappropriation. ”

A member of the parliamentary legal committee that “the duties of the federal government to be keen on public money and to track those officials who have influenced for no reason and had an illegal gain,” adding that “time enough to approve this proposal, especially with a real will to eliminate corruption and will Also popular

Read more:  http://www.dinarupdates.com/showthread.php?55572-The-Iraqi-parliament-is-seeking-to-pass-a-law-quot-from-where-you-have-this-quot-to-be-applie
______________________________________________________________

Breitling (Dinar Guru) – There’s never been an “In country revaluation”.  That’s the most retarded thing I’ve ever heard in my life.  You can’t have a currency where it’s one price in one country and another price in another country.  And all the rest of the world is a different price.  How does that work?  If that’s true then I’ll just take my dinar and go to Iraq and exchange my currency.  If i’m going to exchange for millions and millions of dollars that’s not going to be a threat to me is it?  So that’s stupid and doesn’t make any sense.

Read more:   http://www.dinarupdates.com/observer/

______________________________________________________________

______________________________________________________________

Kaperoni (Dinar Guru) –   There are several articles going back a year or two that clearly state that the WTO wants to see dependence on oil drop to about 80% or so before it is viable for accession.  So in other words, Iraq needs to get the private sector started and creating some exports before they will get into the WTO.  That being said, we know the requirements so it motivates the CBI to get currency reform done.

Read more:  http://www.dinarupdates.com/observer/
______________________________________________________________

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!!)

______________________________________________________________

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
______________________________________________________________

If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!!

Thanks – BGG!!

www.DinarUpdates.com

National Investment Authority for «Economy News»: French Minister of Foreign Trade will visit Baghdad next Wednesday

The head of the National Investment Authority, Sami Araji, that the Minister of State for Foreign Trade of France will visit Baghdad next Wednesday.

Araji said in an exclusive interview for “Economy News” that “the Minister of State for Foreign Trade of France will lead a delegation of 21 companies and will visit Baghdad next Wednesday.”

He added that “the delegation will discuss investment opportunities in the sectors of energy, transport, industry and agriculture,” adding that “the visit of the French delegation in response to the invitation of Prime Minister Haider Abadi, addressed to them during his recent visit to Paris.”

Read more:   http://www.dinarupdates.com/showthread.php?55611-National-Investment-Authority-for-%ABEconomy-News%BB-French-Minister-of-Foreign-Trade-wi
______________________________________________________________

G-Lin (Dinar Guru) –   A well-informed political source reveals the “identity” of the two companies that the Abadi government contracted with to help fill corruption files...  Article quote:  “A source familiar with the political, on Sunday, that two companies are conducting the verification of files of corruption in Iraq since 2003.  The source said in a press statement that ‘two companies, one American and one British are conducting the audit files corruption in Iraq since 2003 so far, and its task to detect corruption and identify the identities of those involved.”  The investigation into the corruption cases is due to start on the basis of a memorandum of understanding signed by the Iraqi government with the United Nations.  International investigators will assist the Iraqi government in uncovering the fate of Iraq’s $ 361 billion budget deficit between 2004 and 2014.

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

Kaperoni (Dinar Guru) –   Article:   “Expert for {morning}: 2018 will see a renaissance by making {in Iraq}”  Quote:  “the government has worked during the last term on the advancement of the industry through a partnership with the private sector, but the move has seen a delay because of the war on terror, but we hope to be activated during the next year”   [2018 it is.]   I dont like to get overly excited.  This could take another 3-6 months before they get into Article VIII and begin to float.  Nothing moves fast in Iraq.  But we can hope.

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

Sovereign funds are actively contributing to sustainable development

The rights of future generations are reserved.

The search for identifying the paths that go to the Iraqi economy to the fields represent the keys to development and supports the trends aimed at achieving economic advancement continued by economic experts and interested.

The academic d. Star of Jabbar Khalil al-Bayati said: “Iraq needs to develop two types of sovereign wealth funds play a major developmental role, the first fund of stability, which derives its importance and the need to create it from the deficit suffered by the budget of Iraq since 2003, because of dependence on oil as the most important resource or source.

The main objective of the Fund is to bridge the deficit of the State budget, protect it from shocks, protect the economy as a whole, and stabilize the exchange rate of the national currency against fluctuations in the balance of payments arising from commodity price fluctuations, Of economic shocks and then seek to achieve sustainable development ” in order to achieve For justice Adding that “the other fund is the fund of the future, and this fund is very important and is fully consistent with the concept of sustainable human development, which takes into account the right of future generations with the resources of the dead,” pointing out that “it is unreasonable that the country is heading to borrow from abroad and to future generations to bear part of the burden of these loans and their increasing benefits, and to prove the right of future generations.

Read more:  http://www.dinarupdates.com/showthread.php?55592-Sovereign-funds-are-actively-contributing-to-sustainable-development
______________________________________________________________

Follow us on twitter @DinarUpdates !!

Dinar Updates  –  Q & A Call  –  with BGG from Nov 8th –  8:00 pm Conference Call Phone # 641-715-3639 pin #528733

11/08 – Recorded Call Replay Link

______________________________________________________________

Bridging the temporary budget deficit by more than one trillion dinars

Under the domestic borrowing plan prepared by the Ministry of Finance for the year 2017

The sale of treasury remittances issued by the Ministry of Finance achieved the desired results by withdrawing liquidity that exceeded JD1 trillion from outside the banking sector to be re-employed in such a way as to reduce the temporary deficit gap in the budget through this process, which is considered an internal borrowing.
According to the results of these auctions announced by the Central Bank has estimated the statistics of the “morning” the total amount of publications sold through 10 auctions were established during the year under the supervision of the Central.

Read more:  http://www.dinarupdates.com/showthread.php?55594-Bridging-the-temporary-budget-deficit-by-more-than-one-trillion-dinars
______________________________________________________________

______________________________________________________________

G-Lin (Dinar Guru) –    Abadi has a ridiculously tough job and I don’t think he can do it alone. Amal Clooney has appeared before the U.N. several times begging Abadi to sign a simple doc. that would open Iraq up to the I.C.C. and to my knowledge he has not cooperated yet. Parl. probably has him handcuffed. So frustrating. The I.C.C. has all of the docs. on Maliki and many more and interpol could issue arrest warrants immediately. Maliki and Barzani are too powerful and charges must be brought up in the international courts. Curtailing Iran’s influence is no easy task. I did read yesterday where Russia is giving some resistance to Iran and the Gulf summit will be held in Kuwait next week. Results of that summit may be fruitful

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

Kaperoni (Dinar Guru) –   We all should know by now currency reform is a process. Currency reform like we want to see requires stability, implementation of technology, and planning.  From what I am reading, progress has been made in recent weeks with the new CBI law, anti money laundering, electronic banking.  But this takes time to implement and activate.  Not to mention the CBI still has work to do to be in compliance with the IMF.  The good news is the CBI is pushing forward on reforms, have banking events scheduled next month, next year.  With all this known, hopefully we will see changes in the next few months to perpetuate the banking system and encourage investment

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

Saudi Arabia announces a project in Iraq with millions of dollars and job opportunities

Aujan Coca-Cola Refreshments Company is preparing to launch a bottling plant in Iraq, expected to be next year, at a total cost of $ 66.6 million.

The plant, which includes juice and soft drinks production lines, is expected to provide more than 150 jobs. The plant will also play an important role in supporting Aujan Coca-Cola’s ongoing expansion plans in Iraq, enabling the company to meet growing domestic demand and serve neighboring markets.

The announcement of the new investment followed the participation of the company’s officials at the recent Baghdad International Exhibition, where the company participated in the exhibition in the group of companies co-led by the Saudi Export Development Authority. Is a perfect opportunity for Coca-Cola to confirm its commitment to expanding its operations across the region. ”

Read more:   http://www.dinarupdates.com/showthread.php?55588-Saudi-Arabia-announces-a-project-in-Iraq-with-millions-of-dollars-and-job-opportuniti
______________________________________________________________

Kaperoni (Dinar Guru) –   So what is the Balassa-Samuelson effect hypothesis?  We will get into this…as this little nugget is very important to us as dinar investors. We already know the plan is to float dinar based on the IMF statement…(gradual appreciation)  [reference Guru Kaperoni post 11-30-2017]. When you search Wikipedia, you get an explanation for this as…”Balassa–Samuelson (BS) hypothesis implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words, the IMF themselves are acknowledging (by saying Balassa–Samuelson effect in this Article IV document) the dinar will rise rapidly.

Read more:   http://www.dinarupdates.com/observer/

______________________________________________________________

Sandyf (Dinar Guru) –    Guru Kaperoni quote:  “Once they float, it may take 6 months to a year to get to $1”   With appreciation at 5% a week it would take about 140 weeks to reach parity. No economy could tolerate that level of appreciation it would be more like 0.5% a month.  In reality a float would be more like 6 years to a lifetime. 

Read more:   http://www.dinarupdates.com/observer

______________________________________________________________

G-Lin (Dinar Guru) –  Article:  “Tigris channel reveal details of the World Bank negotiations with Iraq on the corruption of the currency auction”  IMO the World Bank and IMF are very much involved with the preparation of this [2018] budget. It seems they are telling the Central Bank and the Gov. to stop the auctions. This contributes to the majority of the corruption in Iraq. It always has been an avenue for the whales {Maliki and Co.} among others, to control the black market through imports. I think the corruption is a target for W.B. and IMF. They are pushing Abadi to open up “Made in Iraq” legislature to move to an open market which will increase exports and contribute additional income for non-oil profits. This is mandatory for an increase in value of their currency imo.  [post 1 of 3….stay tuned]

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

The Iraqi parliament is seeking to pass a law “from where you have this” to be applied to officials from general managers and above

The legal committee in the Iraqi parliament has revealed efforts to pass a law (from where do you have this?) To apply to officials from general managers and above, while pointing out that the proposed law will also include officials in the Kurdistan region.

“After Prime Minister Haider al-Abadi announced the war on corruption, we need a law to prosecute corrupt people and verify their sources of wealth,” committee member Zana Said said in a health statement on Wednesday.

“The proposal includes the prosecution of all directors-general and higher in all provinces, as well as in the region because officials there acted with imported federal revenues Of oil and customs and the federal budget, which was the disposal of the region, “noting that” there is likely to be enrichment without cause and misappropriation. ”

A member of the parliamentary legal committee that “the duties of the federal government to be keen on public money and to track those officials who have influenced for no reason and had an illegal gain,” adding that “time enough to approve this proposal, especially with a real will to eliminate corruption and will Also popular

Read more:  http://www.dinarupdates.com/showthread.php?55572-The-Iraqi-parliament-is-seeking-to-pass-a-law-quot-from-where-you-have-this-quot-to-be-applie
______________________________________________________________

Breitling (Dinar Guru) – There’s never been an “In country revaluation”.  That’s the most retarded thing I’ve ever heard in my life.  You can’t have a currency where it’s one price in one country and another price in another country.  And all the rest of the world is a different price.  How does that work?  If that’s true then I’ll just take my dinar and go to Iraq and exchange my currency.  If i’m going to exchange for millions and millions of dollars that’s not going to be a threat to me is it?  So that’s stupid and doesn’t make any sense.

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

MilitiaMan (Dinar Guru) –   Article:  “Rafidain calls on ministries and departments of the state to settle their salaries electronically”   The article is reinforcing internationalism. Just like opening the ITB in the UAE and apparently one in Saudi Arabia.  Not to mention the laundry list of completed items set out in the Iraq Marshal Plan.  No need to go over all that now… But, please note that the UNSC released the oil for food escrow back in June 2017, the last time the executive order 13303 was updated was in May 22, 2017 that to the best of my knowledge was not signed yet or again since and it needs to be within a 90 day period, and then we see the IMF has stated Mission Accomplished in Iraq…This all leads us to where we are and that is watching for the cbi to change their website to reflect their accomplishments either before at or just after the recognition of what has been done, is told to the world in a past tense manner… imo.

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

Special efforts to develop production and attract investment companies

The adviser to the Ministry of Industry and Minerals described the industrial sector as the true supporter of the national economy and the creation of employment opportunities and the absorption of unemployment, expressing regret for the spending of about 321 billion dollars for the period between 2006 and 2014, which was diverted abroad in the import programs not considered, noting at the same time that support the national industry to stop this waste .

He added. “The support of the national product is the effective solution to many of the problems faced by the country from the shortage of foreign currency due to the decline in oil prices over the past three years, as well as support for the economy of the country, let alone solve the social problems resulting from The lack of job opportunities among the graduates is the largest sector in terms of its ability to absorb unemployment and labor force, as is known Globally “.

Read more:   http://www.dinarupdates.com/showthread.php?55542-Special-efforts-to-develop-production-and-attract-investment-companies
______________________________________________________________

______________________________________________________________

Aggiedad77  (Dinar Guru) –  Article:  “Central banks contribute to economic balance”  Quotes:   “government with the involvement of the central bank in determining the exchange rate policy will lead to the occurrence of the difference or contradiction between the purposes of the exchange rate, and between the other monetary purposes , which both the bank and the government seeks to achieve.”   “an attempt to link the independence of the central bank and exchange rate policy found a place in economic studies, especially in light of the free exchange arrangements or floating...”    WOW...the “attempt to link” is alluring…but what really caught my eye is the last part of that statement…”in light of the free exchange arrangements or floating”…that to me speaks VOLUMES…all IMO…oh is it Saturday yet…the BEST is coming. 

Read more:  http://www.dinarupdates.com/observer/

______________________________________________________________

Kaperoni (Dinar Guru) –   There are several articles going back a year or two that clearly state that the WTO wants to see dependence on oil drop to about 80% or so before it is viable for accession.  So in other words, Iraq needs to get the private sector started and creating some exports before they will get into the WTO.  That being said, we know the requirements so it motivates the CBI to get currency reform done.

Read more:  http://www.dinarupdates.com/observer/
______________________________________________________________

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!!)

______________________________________________________________

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
______________________________________________________________

If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!!

Thanks – BGG!!

www.DinarUpdates.com

Sovereign funds are actively contributing to sustainable development

The rights of future generations are reserved.

The search for identifying the paths that go to the Iraqi economy to the fields represent the keys to development and supports the trends aimed at achieving economic advancement continued by economic experts and interested.

The academic d. Star of Jabbar Khalil al-Bayati said: “Iraq needs to develop two types of sovereign wealth funds play a major developmental role, the first fund of stability, which derives its importance and the need to create it from the deficit suffered by the budget of Iraq since 2003, because of dependence on oil as the most important resource or source.

The main objective of the Fund is to bridge the deficit of the State budget, protect it from shocks, protect the economy as a whole, and stabilize the exchange rate of the national currency against fluctuations in the balance of payments arising from commodity price fluctuations, Of economic shocks and then seek to achieve sustainable development ” in order to achieve For justice Adding that “the other fund is the fund of the future, and this fund is very important and is fully consistent with the concept of sustainable human development, which takes into account the right of future generations with the resources of the dead,” pointing out that “it is unreasonable that the country is heading to borrow from abroad and to future generations to bear part of the burden of these loans and their increasing benefits, and to prove the right of future generations.

Read more:  http://www.dinarupdates.com/showthread.php?55592-Sovereign-funds-are-actively-contributing-to-sustainable-development
______________________________________________________________

Follow us on twitter @DinarUpdates !!

Dinar Updates  –  Q & A Call  –  with BGG from Nov 8th –  8:00 pm Conference Call Phone # 641-715-3639 pin #528733

11/08 – Recorded Call Replay Link

______________________________________________________________

Bridging the temporary budget deficit by more than one trillion dinars

Under the domestic borrowing plan prepared by the Ministry of Finance for the year 2017

The sale of treasury remittances issued by the Ministry of Finance achieved the desired results by withdrawing liquidity that exceeded JD1 trillion from outside the banking sector to be re-employed in such a way as to reduce the temporary deficit gap in the budget through this process, which is considered an internal borrowing.
According to the results of these auctions announced by the Central Bank has estimated the statistics of the “morning” the total amount of publications sold through 10 auctions were established during the year under the supervision of the Central.

Read more:  http://www.dinarupdates.com/showthread.php?55594-Bridging-the-temporary-budget-deficit-by-more-than-one-trillion-dinars
______________________________________________________________

______________________________________________________________

G-Lin (Dinar Guru) –    Abadi has a ridiculously tough job and I don’t think he can do it alone. Amal Clooney has appeared before the U.N. several times begging Abadi to sign a simple doc. that would open Iraq up to the I.C.C. and to my knowledge he has not cooperated yet. Parl. probably has him handcuffed. So frustrating. The I.C.C. has all of the docs. on Maliki and many more and interpol could issue arrest warrants immediately. Maliki and Barzani are too powerful and charges must be brought up in the international courts. Curtailing Iran’s influence is no easy task. I did read yesterday where Russia is giving some resistance to Iran and the Gulf summit will be held in Kuwait next week. Results of that summit may be fruitful

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

Kaperoni (Dinar Guru) –   We all should know by now currency reform is a process. Currency reform like we want to see requires stability, implementation of technology, and planning.  From what I am reading, progress has been made in recent weeks with the new CBI law, anti money laundering, electronic banking.  But this takes time to implement and activate.  Not to mention the CBI still has work to do to be in compliance with the IMF.  The good news is the CBI is pushing forward on reforms, have banking events scheduled next month, next year.  With all this known, hopefully we will see changes in the next few months to perpetuate the banking system and encourage investment

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

Saudi Arabia announces a project in Iraq with millions of dollars and job opportunities

Aujan Coca-Cola Refreshments Company is preparing to launch a bottling plant in Iraq, expected to be next year, at a total cost of $ 66.6 million.

The plant, which includes juice and soft drinks production lines, is expected to provide more than 150 jobs. The plant will also play an important role in supporting Aujan Coca-Cola’s ongoing expansion plans in Iraq, enabling the company to meet growing domestic demand and serve neighboring markets.

The announcement of the new investment followed the participation of the company’s officials at the recent Baghdad International Exhibition, where the company participated in the exhibition in the group of companies co-led by the Saudi Export Development Authority. Is a perfect opportunity for Coca-Cola to confirm its commitment to expanding its operations across the region. ”

Read more:   http://www.dinarupdates.com/showthread.php?55588-Saudi-Arabia-announces-a-project-in-Iraq-with-millions-of-dollars-and-job-opportuniti
______________________________________________________________

Kaperoni (Dinar Guru) –   So what is the Balassa-Samuelson effect hypothesis?  We will get into this…as this little nugget is very important to us as dinar investors. We already know the plan is to float dinar based on the IMF statement…(gradual appreciation)  [reference Guru Kaperoni post 11-30-2017]. When you search Wikipedia, you get an explanation for this as…”Balassa–Samuelson (BS) hypothesis implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words, the IMF themselves are acknowledging (by saying Balassa–Samuelson effect in this Article IV document) the dinar will rise rapidly.

Read more:   http://www.dinarupdates.com/observer/

______________________________________________________________

Sandyf (Dinar Guru) –    Guru Kaperoni quote:  “Once they float, it may take 6 months to a year to get to $1”   With appreciation at 5% a week it would take about 140 weeks to reach parity. No economy could tolerate that level of appreciation it would be more like 0.5% a month.  In reality a float would be more like 6 years to a lifetime. 

Read more:   http://www.dinarupdates.com/observer

______________________________________________________________

G-Lin (Dinar Guru) –  Article:  “Tigris channel reveal details of the World Bank negotiations with Iraq on the corruption of the currency auction”  IMO the World Bank and IMF are very much involved with the preparation of this [2018] budget. It seems they are telling the Central Bank and the Gov. to stop the auctions. This contributes to the majority of the corruption in Iraq. It always has been an avenue for the whales {Maliki and Co.} among others, to control the black market through imports. I think the corruption is a target for W.B. and IMF. They are pushing Abadi to open up “Made in Iraq” legislature to move to an open market which will increase exports and contribute additional income for non-oil profits. This is mandatory for an increase in value of their currency imo.  [post 1 of 3….stay tuned]

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

The Iraqi parliament is seeking to pass a law “from where you have this” to be applied to officials from general managers and above

The legal committee in the Iraqi parliament has revealed efforts to pass a law (from where do you have this?) To apply to officials from general managers and above, while pointing out that the proposed law will also include officials in the Kurdistan region.

“After Prime Minister Haider al-Abadi announced the war on corruption, we need a law to prosecute corrupt people and verify their sources of wealth,” committee member Zana Said said in a health statement on Wednesday.

“The proposal includes the prosecution of all directors-general and higher in all provinces, as well as in the region because officials there acted with imported federal revenues Of oil and customs and the federal budget, which was the disposal of the region, “noting that” there is likely to be enrichment without cause and misappropriation. ”

A member of the parliamentary legal committee that “the duties of the federal government to be keen on public money and to track those officials who have influenced for no reason and had an illegal gain,” adding that “time enough to approve this proposal, especially with a real will to eliminate corruption and will Also popular

Read more:  http://www.dinarupdates.com/showthread.php?55572-The-Iraqi-parliament-is-seeking-to-pass-a-law-quot-from-where-you-have-this-quot-to-be-applie
______________________________________________________________

Breitling (Dinar Guru) – There’s never been an “In country revaluation”.  That’s the most retarded thing I’ve ever heard in my life.  You can’t have a currency where it’s one price in one country and another price in another country.  And all the rest of the world is a different price.  How does that work?  If that’s true then I’ll just take my dinar and go to Iraq and exchange my currency.  If i’m going to exchange for millions and millions of dollars that’s not going to be a threat to me is it?  So that’s stupid and doesn’t make any sense.

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

Breitling (Dinar Guru) – The Iraqi Dinar value doesn’t get lowered for no reason at all. There is very smart math and policies behind it.  That’s why I support this investment so much.  There is math and policy and very good reasons why the value is going to go up…So it’s a very very cool thing…Iraq is primed to revalue their currency.  Their back is against the wall.  I don’t want to say it’s a desperate thing, they want to revalue their currency.  

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

MilitiaMan (Dinar Guru) –   Article:  “Rafidain calls on ministries and departments of the state to settle their salaries electronically”   The article is reinforcing internationalism. Just like opening the ITB in the UAE and apparently one in Saudi Arabia.  Not to mention the laundry list of completed items set out in the Iraq Marshal Plan.  No need to go over all that now… But, please note that the UNSC released the oil for food escrow back in June 2017, the last time the executive order 13303 was updated was in May 22, 2017 that to the best of my knowledge was not signed yet or again since and it needs to be within a 90 day period, and then we see the IMF has stated Mission Accomplished in Iraq…This all leads us to where we are and that is watching for the cbi to change their website to reflect their accomplishments either before at or just after the recognition of what has been done, is told to the world in a past tense manner… imo.

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

Special efforts to develop production and attract investment companies

The adviser to the Ministry of Industry and Minerals described the industrial sector as the true supporter of the national economy and the creation of employment opportunities and the absorption of unemployment, expressing regret for the spending of about 321 billion dollars for the period between 2006 and 2014, which was diverted abroad in the import programs not considered, noting at the same time that support the national industry to stop this waste .

He added. “The support of the national product is the effective solution to many of the problems faced by the country from the shortage of foreign currency due to the decline in oil prices over the past three years, as well as support for the economy of the country, let alone solve the social problems resulting from The lack of job opportunities among the graduates is the largest sector in terms of its ability to absorb unemployment and labor force, as is known Globally “.

Read more:   http://www.dinarupdates.com/showthread.php?55542-Special-efforts-to-develop-production-and-attract-investment-companies
______________________________________________________________

______________________________________________________________

Aggiedad77  (Dinar Guru) –  Article:  “Central banks contribute to economic balance”  Quotes:   “government with the involvement of the central bank in determining the exchange rate policy will lead to the occurrence of the difference or contradiction between the purposes of the exchange rate, and between the other monetary purposes , which both the bank and the government seeks to achieve.”   “an attempt to link the independence of the central bank and exchange rate policy found a place in economic studies, especially in light of the free exchange arrangements or floating...”    WOW...the “attempt to link” is alluring…but what really caught my eye is the last part of that statement…”in light of the free exchange arrangements or floating”…that to me speaks VOLUMES…all IMO…oh is it Saturday yet…the BEST is coming. 

Read more:  http://www.dinarupdates.com/observer/
______________________________________________________________

Apmcrx  (Dinar Guru) –  “Summary of the Annual Meetings Report of the International Monetary Fund and the Talks of the Credit Union (Third Round) and the visit of the Governor of the Central Bank to the UN Security Council”   Quote:  “De La Rue’s two main rivals, Munich-based Giesecke & Devrient (G&D), and Oberthur Fiduciaire, a French firm, date back to the mid-19th century.”    IMO is really interesting that CBI mentions the banknote printers De La Rue and Oberthure…

Read more:  http://www.dinarupdates.com/observer/
______________________________________________________________

Nusseiri confirms the success of the policies of the Central Bank in the development

The economic and banking advisor of the Association of Iraqi Private Banks Samir al-Nusairi said on Tuesday that the policies and procedures adopted by the Iraqi Central Bank and implemented by the Iraqi private banks, most notably the classification and evaluation of banks in accordance with their commitment and implementation of international standards in the rules and regulations of compliance and international accounting and combating money laundering and terrorism financing and management of credit risks and operational risks.

Liquidity and market and achieve the objectives of monetary policy in maintaining exchange rates and reduce inflation and stimulate economic growth and the construction of a solid banking sector is a clear and specific work program targets Boards of directors of banks and executive departments, has proved successful at the level of re-confidence in the banking sector and financial internationally and locally.

Read more:  http://www.dinarupdates.com/showthread.php?55560-Nusseiri-confirms-the-success-of-the-policies-of-the-Central-Bank-in-the-development

______________________________________________________________

Kaperoni (Dinar Guru) –   There are several articles going back a year or two that clearly state that the WTO wants to see dependence on oil drop to about 80% or so before it is viable for accession.  So in other words, Iraq needs to get the private sector started and creating some exports before they will get into the WTO.  That being said, we know the requirements so it motivates the CBI to get currency reform done.

Read more:  http://www.dinarupdates.com/observer/
______________________________________________________________

Chattels (Dinar Guru) –  [do you really feel this is going to happen…?]  I believe that there will be an increase in value which will inure to our benefit, but when or how long is the problem.   I try not to anticipate a date so much and view it as a long shot in my lifetime. Treat it as “found” or “futuremoney” if you will.   I would be very upset if I got out now and it happened, so…I watch, wait and hope.

Read more:  http://www.dinarupdates.com/observer/
______________________________________________________________

Breitling (Dinar Guru)  …The best strategy you can have is to be able to put different situations in front of you and have a game plan for each and every one of them that comes down.  The top leaders in our country actually put together a strategy, they don’t just pick an A to Z strategy process.  That would mean they know everything, that they would know exactly what’s coming down the road.  And that’s not the case.  That’s never the case.  You have to know the different variables coming down the road and the different possibilities…I want to talk about the rate, there are articles coming out that we have Saudi Arabia pointing their fingers at Iran saying…these missiles coming from Yemen – that’s a declaration of war…If there’s going to be an Islamic civil war that’s going to affect Iraq right?  Absolutely it is…remember the Iraqi dinar is completely manipulated..If…IF…there is an Islamic civil war…It’s not a threat to $1.17... [Post 1 of 2  Stay tuned for the rest of the story]

Read more:  http://www.dinarupdates.com/observer/
______________________________________________________________

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Don961 (Dinar Guru) –   Article:  “A simulation of the dinar exchange rate linked to a basket of currencies”  Just a simulation study…should the dinar get pegged to a basket of world reserve currencies … as opposed to staying ‘binary” (linked/pegged only to the USD)…shows how the exchange rate of the iqd would be affected should it be put into this world currency basket…  Just doing such a study kinda shows the belief that the iqd perhaps is being considered/projected to join such a strong basket of world currencies … sounds good to me … % allocated to iqd in this basket would depend on how strong the currency will be compared to the others … at a given point in time…will it bypass the pound or the euro? … sure … why not  …that would be cool wouldn’t it…imo.

Read more:   http://www.dinarupdates.com/observer

______________________________________________________________

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!!)

______________________________________________________________

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
______________________________________________________________

If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!!

Thanks – BGG!!

www.DinarUpdates.com

Saudi Arabia announces a project in Iraq with millions of dollars and job opportunities

Aujan Coca-Cola Refreshments Company is preparing to launch a bottling plant in Iraq, expected to be next year, at a total cost of $ 66.6 million.

The plant, which includes juice and soft drinks production lines, is expected to provide more than 150 jobs. The plant will also play an important role in supporting Aujan Coca-Cola’s ongoing expansion plans in Iraq, enabling the company to meet growing domestic demand and serve neighboring markets.

The announcement of the new investment followed the participation of the company’s officials at the recent Baghdad International Exhibition, where the company participated in the exhibition in the group of companies co-led by the Saudi Export Development Authority. Is a perfect opportunity for Coca-Cola to confirm its commitment to expanding its operations across the region. ”

Read more:   http://www.dinarupdates.com/showthread.php?55588-Saudi-Arabia-announces-a-project-in-Iraq-with-millions-of-dollars-and-job-opportuniti
______________________________________________________________

Kaperoni (Dinar Guru) –   So what is the Balassa-Samuelson effect hypothesis?  We will get into this…as this little nugget is very important to us as dinar investors. We already know the plan is to float dinar based on the IMF statement…(gradual appreciation)  [reference Guru Kaperoni post 11-30-2017]. When you search Wikipedia, you get an explanation for this as…”Balassa–Samuelson (BS) hypothesis implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words, the IMF themselves are acknowledging (by saying Balassa–Samuelson effect in this Article IV document) the dinar will rise rapidly.

Read more:   http://www.dinarupdates.com/observer/

______________________________________________________________

Sandyf (Dinar Guru) –    Guru Kaperoni quote:  “Once they float, it may take 6 months to a year to get to $1”   With appreciation at 5% a week it would take about 140 weeks to reach parity. No economy could tolerate that level of appreciation it would be more like 0.5% a month.  In reality a float would be more like 6 years to a lifetime. 

Read more:   http://www.dinarupdates.com/observer/

______________________________________________________________

Follow us on twitter @DinarUpdates !!

Dinar Updates  –  Q & A Call  –  with BGG from Nov 8th –  8:00 pm Conference Call Phone # 641-715-3639 pin #528733

11/08 – Recorded Call Replay Link

______________________________________________________________

Breiting (Dinar Guru) –  [What are you looking at that makes you KNOW they want to revalue?]  The parliament, The Ministry of Finance, The Ministry of Planning, The Central Bank of Iraq and they’ve been yelling at the top of their lungs.  They even told the IMF what they wanted to do within a certain timeframe and the IMF said fine…as long as you pay the bills you guys are going to be fine…none of this is opinion…As far as the investment in the Iraqi Dinar on a timeframe I’m speculating 100% for sure.  But that’s a timeframe.  As far as it gaining value to what I think?  No, it’s not speculation. [Post 1 of 3 Stay tuned for the rest of the story]

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

G-Lin (Dinar Guru) –  Article:  “Tigris channel reveal details of the World Bank negotiations with Iraq on the corruption of the currency auction”  IMO the World Bank and IMF are very much involved with the preparation of this [2018] budget. It seems they are telling the Central Bank and the Gov. to stop the auctions. This contributes to the majority of the corruption in Iraq. It always has been an avenue for the whales {Maliki and Co.} among others, to control the black market through imports. I think the corruption is a target for W.B. and IMF. They are pushing Abadi to open up “Made in Iraq” legislature to move to an open market which will increase exports and contribute additional income for non-oil profits. This is mandatory for an increase in value of their currency imo.  [post 1 of 3….stay tuned]

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

The Iraqi parliament is seeking to pass a law “from where you have this” to be applied to officials from general managers and above

The legal committee in the Iraqi parliament has revealed efforts to pass a law (from where do you have this?) To apply to officials from general managers and above, while pointing out that the proposed law will also include officials in the Kurdistan region.

“After Prime Minister Haider al-Abadi announced the war on corruption, we need a law to prosecute corrupt people and verify their sources of wealth,” committee member Zana Said said in a health statement on Wednesday.

“The proposal includes the prosecution of all directors-general and higher in all provinces, as well as in the region because officials there acted with imported federal revenues Of oil and customs and the federal budget, which was the disposal of the region, “noting that” there is likely to be enrichment without cause and misappropriation. ”

A member of the parliamentary legal committee that “the duties of the federal government to be keen on public money and to track those officials who have influenced for no reason and had an illegal gain,” adding that “time enough to approve this proposal, especially with a real will to eliminate corruption and will Also popular

Read more:  http://www.dinarupdates.com/showthread.php?55572-The-Iraqi-parliament-is-seeking-to-pass-a-law-quot-from-where-you-have-this-quot-to-be-applie
______________________________________________________________

Breitling (Dinar Guru) – There’s never been an “In country revaluation”.  That’s the most retarded thing I’ve ever heard in my life.  You can’t have a currency where it’s one price in one country and another price in another country.  And all the rest of the world is a different price.  How does that work?  If that’s true then I’ll just take my dinar and go to Iraq and exchange my currency.  If i’m going to exchange for millions and millions of dollars that’s not going to be a threat to me is it?  So that’s stupid and doesn’t make any sense.

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

Breitling (Dinar Guru) – The Iraqi Dinar value doesn’t get lowered for no reason at all. There is very smart math and policies behind it.  That’s why I support this investment so much.  There is math and policy and very good reasons why the value is going to go up…So it’s a very very cool thing…Iraq is primed to revalue their currency.  Their back is against the wall.  I don’t want to say it’s a desperate thing, they want to revalue their currency.  

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

MilitiaMan (Dinar Guru) –   Article:  “Rafidain calls on ministries and departments of the state to settle their salaries electronically”   The article is reinforcing internationalism. Just like opening the ITB in the UAE and apparently one in Saudi Arabia.  Not to mention the laundry list of completed items set out in the Iraq Marshal Plan.  No need to go over all that now… But, please note that the UNSC released the oil for food escrow back in June 2017, the last time the executive order 13303 was updated was in May 22, 2017 that to the best of my knowledge was not signed yet or again since and it needs to be within a 90 day period, and then we see the IMF has stated Mission Accomplished in Iraq…This all leads us to where we are and that is watching for the cbi to change their website to reflect their accomplishments either before at or just after the recognition of what has been done, is told to the world in a past tense manner… imo.

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

Special efforts to develop production and attract investment companies

The adviser to the Ministry of Industry and Minerals described the industrial sector as the true supporter of the national economy and the creation of employment opportunities and the absorption of unemployment, expressing regret for the spending of about 321 billion dollars for the period between 2006 and 2014, which was diverted abroad in the import programs not considered, noting at the same time that support the national industry to stop this waste .

He added. “The support of the national product is the effective solution to many of the problems faced by the country from the shortage of foreign currency due to the decline in oil prices over the past three years, as well as support for the economy of the country, let alone solve the social problems resulting from The lack of job opportunities among the graduates is the largest sector in terms of its ability to absorb unemployment and labor force, as is known Globally “.

Read more:   http://www.dinarupdates.com/showthread.php?55542-Special-efforts-to-develop-production-and-attract-investment-companies
______________________________________________________________

______________________________________________________________

Follow us on twitter @DinarUpdates !!

Dinar Updates  –  Q & A Call  –  with BGG from Nov 8th –  8:00 pm Conference Call Phone # 641-715-3639 pin #528733

11/08 – Recorded Call Replay Link

______________________________________________________________

Aggiedad77  (Dinar Guru) –  Article:  “Central banks contribute to economic balance”  Quotes:   “government with the involvement of the central bank in determining the exchange rate policy will lead to the occurrence of the difference or contradiction between the purposes of the exchange rate, and between the other monetary purposes , which both the bank and the government seeks to achieve.”   “an attempt to link the independence of the central bank and exchange rate policy found a place in economic studies, especially in light of the free exchange arrangements or floating...”    WOW...the “attempt to link” is alluring…but what really caught my eye is the last part of that statement…”in light of the free exchange arrangements or floating”…that to me speaks VOLUMES…all IMO…oh is it Saturday yet…the BEST is coming. 

Read more:  http://www.dinarupdates.com/observer/
______________________________________________________________

Apmcrx  (Dinar Guru) –  “Summary of the Annual Meetings Report of the International Monetary Fund and the Talks of the Credit Union (Third Round) and the visit of the Governor of the Central Bank to the UN Security Council”   Quote:  “De La Rue’s two main rivals, Munich-based Giesecke & Devrient (G&D), and Oberthur Fiduciaire, a French firm, date back to the mid-19th century.”    IMO is really interesting that CBI mentions the banknote printers De La Rue and Oberthure…

Read more:  http://www.dinarupdates.com/observer/
______________________________________________________________

Nusseiri confirms the success of the policies of the Central Bank in the development

The economic and banking advisor of the Association of Iraqi Private Banks Samir al-Nusairi said on Tuesday that the policies and procedures adopted by the Iraqi Central Bank and implemented by the Iraqi private banks, most notably the classification and evaluation of banks in accordance with their commitment and implementation of international standards in the rules and regulations of compliance and international accounting and combating money laundering and terrorism financing and management of credit risks and operational risks.

Liquidity and market and achieve the objectives of monetary policy in maintaining exchange rates and reduce inflation and stimulate economic growth and the construction of a solid banking sector is a clear and specific work program targets Boards of directors of banks and executive departments, has proved successful at the level of re-confidence in the banking sector and financial internationally and locally.

Read more:  http://www.dinarupdates.com/showthread.php?55560-Nusseiri-confirms-the-success-of-the-policies-of-the-Central-Bank-in-the-development

______________________________________________________________

Kaperoni (Dinar Guru) –   There are several articles going back a year or two that clearly state that the WTO wants to see dependence on oil drop to about 80% or so before it is viable for accession.  So in other words, Iraq needs to get the private sector started and creating some exports before they will get into the WTO.  That being said, we know the requirements so it motivates the CBI to get currency reform done.

Read more:  http://www.dinarupdates.com/observer/
______________________________________________________________

Chattels (Dinar Guru) –  [do you really feel this is going to happen…?]  I believe that there will be an increase in value which will inure to our benefit, but when or how long is the problem.   I try not to anticipate a date so much and view it as a long shot in my lifetime. Treat it as “found” or “futuremoney” if you will.   I would be very upset if I got out now and it happened, so…I watch, wait and hope.

Read more:  http://www.dinarupdates.com/observer/
______________________________________________________________

Basra is witnessing two economic activities related to oil and energy

Baghdad – Agencies – The head of the oil and gas committee in the Basra provincial council Ali Shaddad Al-Faris, on Tuesday, the establishment of two economic activities related to oil and energy.

“About 300 companies will participate in the exhibition to be held next December, as well as another forum related to research and studies related to energy,” he said.

He added that “the province of Basra will be next December to hold an exhibition of oil and gas with the participation of about 300 companies, adding that this exhibition is of great importance in the economic and oil investment, where will be the first day of the opening ceremony of the exhibition, and the second day will be a workshop to present investment opportunities for investors And participants “.

“The oil and gas exhibition includes the participation of Saudi, Iranian and Kuwaiti companies for nearby countries in the region, as well as European companies possessing modern technology in the oil and gas sector.”

Read More:   http://www.dinarupdates.com/showthread.php?55509-Basra-is-witnessing-two-economic-activities-related-to-oil-and-energy
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Dr. Clarke (Dinar Guru) –  …we believe that Iraq and Vietnam, are further along, and closer to, substantially increasing the value of their currency, than ever before.  So close, in fact, that we Believe and Expect Iraq, to Substantially increase the value of their Dinar, Publicly & Officially, sometime between November 17th and December 1, 2017.  We particularly like the dates of Nov. 18, 19, 20, 21, 25th, 29th. We also believe and expect, that the most beneficial dates of Exchange, will be within the First 21 days of December.   [reference Guru Dr. Clarke post 11-10-2017]

Read more:  http://www.dinarupdates.com/observer/
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MilitiaMan  (Dinar Guru) –  Article from 04/11/2016:  “Keywords: The adoption of electronic payment tools creates competition between banks”   Quote:  “The central bank governor Ali al-Alaq said on Wednesday that the localization of salaries is a government project aimed at transforming from a purely monetary society to the adoption of electronic payment tools.”   It is my opinion that what they are doing, is exactly what they told they were doing, and now it is about timing the implementation of the PROJECT!

Read more:  http://www.dinarupdates.com/observer/
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Bruce (Dinar Guru) –   Right now we are in a situation where Iraq is looking to put out their actual rate for their dinar here if they haven’t done it already…   I think we are looking to that possibly any moment. My understanding is their induction to the WTO, World Trade Organization, they need to have that international rate up and actively live beforehand. I don’t know how much before hand, I thought 3 days…   …the control situation for Iraq has migrated over to the Central bank of Iraq, CBI, where they have the control on releasing that rate and showing that rate.  That is a real positive step Iraq has done to do what they needed to do to be inducted into the WTO on Friday.   [post 1 of 2….stay tuned]

Read more:  http://www.dinarupdates.com/observer/
________________________________________________________

Ministry of Industry intends to open new projects

The Ministry of Industry and Minerals intends to open new projects soon, confirming its plans and efforts to develop its companies and turn them into profitable and productive.

The ministry reviewed in a statement Sunday the new projects and factories opened by the Minister of Industry and Minerals and the agency Mohammed Shiaa Sudanese in a number of companies of the ministry during the past period, which included various industrial areas such as construction, engineering, chemical, textile, leather and others.
The opening of these projects contributed to the addition of new products and the.

achievement of financial returns and the development of the reality of some industries. It included the opening of the Baghdad plastic factory belonging to the General Company for Construction Industries and the opening of the rock wool factory and the production lines of the developed polymer asphalt and aluminum castings at the State Company for Mining Industries. In the General Company for the manufacture of cars and equipment specialized production of Mercedes trucks and German trucks Scania and Volvo Swedish production capacity (5000) trucks annually.

Read more:   http://www.dinarupdates.com/showthread.php?55494-Ministry-of-Industry-intends-to-open-new-projects
______________________________________________________________

Breitling (Dinar Guru)  …The best strategy you can have is to be able to put different situations in front of you and have a game plan for each and every one of them that comes down.  The top leaders in our country actually put together a strategy, they don’t just pick an A to Z strategy process.  That would mean they know everything, that they would know exactly what’s coming down the road.  And that’s not the case.  That’s never the case.  You have to know the different variables coming down the road and the different possibilities…I want to talk about the rate, there are articles coming out that we have Saudi Arabia pointing their fingers at Iran saying…these missiles coming from Yemen – that’s a declaration of war…If there’s going to be an Islamic civil war that’s going to affect Iraq right?  Absolutely it is…remember the Iraqi dinar is completely manipulated..If…IF…there is an Islamic civil war…It’s not a threat to $1.17... [Post 1 of 2  Stay tuned for the rest of the story]

Read more:  http://www.dinarupdates.com/observer/

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sandyf (Dinar Guru) –  “The Tariff Law – “The new tariff, which went into effect on January 19, imposes a 30 percent customs duty on imported goods coming through Iraq’s crossing points, exempting the autonomous region of Kurdistan.”   When the Tariff Law was introduced Iraq needed Kurdistan to help clear ISIS so they exempted them from the law, but in doing so stopped any further dealings with the WTO. Things have changed, Iraq can now take control and recommence the process, starting this Friday.

Read more:   http://www.dinarupdates.com/observer/
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MilitiaMan (Dinar Guru) –   [According to an email…showing the World Trade Organization (WTO) schedule for the upcoming week:] “Informal Working Party on the ACCESSION OF IRAQ to the WTO is scheduled for 10 a.m., Friday, Nov. 17, 2017”    Now how cool it that. WTO accession on 11/17/2017… Who said next year into 2018 today? lol WE all know the indicators Iraq has given us, have this on target for completion and this is a reality…

Read more:   http://www.dinarupdates.com/observer/
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(IBAN) in banking transactions

In a move that gives rise to optimism for the advancement of the banking industry in the country Rafidain Bank circulated lists containing digitally organized accounts of its branches internationally accredited (IBAN) to all public and private banks.

IBAN is the abbreviation of the International Bank Account Number, a unique, unified and internationally agreed form for the bank account number for the purpose of processing transactions for banking transactions and facilitating electronic transfers between branches of banks in the world, in the sense that it is a digital organization of accounts of branches and customers in the sector Global banker Note that it is not a new bank account number, but is the same bank account number of any branch or citizen added numbers and letters from the left side.

IBAN is a mandatory requirement to send and receive money domestically and internationally safely, accurately and quickly in accordance with international banking regulations, and makes cheating almost impossible, but the use of IBAN in local remittances may be non-mandatory.

Read more:  http://www.dinarupdates.com/showthread.php?55439-(IBAN)-in-banking-transactions

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Enorrste (Dinar Guru) –   Article:  “A simulation of the dinar exchange rate linked to a basket of currencies”   We do not want the dinar tied to a basket of currencies.  We want a freely floating currency.  Let’s hope no one pays any attention to this guy.

Read more:   http://www.dinarupdates.com/observer/
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Don961 (Dinar Guru) –   Article:  “A simulation of the dinar exchange rate linked to a basket of currencies”  Just a simulation study…should the dinar get pegged to a basket of world reserve currencies … as opposed to staying ‘binary” (linked/pegged only to the USD)…shows how the exchange rate of the iqd would be affected should it be put into this world currency basket…  Just doing such a study kinda shows the belief that the iqd perhaps is being considered/projected to join such a strong basket of world currencies … sounds good to me … % allocated to iqd in this basket would depend on how strong the currency will be compared to the others … at a given point in time…will it bypass the pound or the euro? … sure … why not  …that would be cool wouldn’t it…imo.

Read more:   http://www.dinarupdates.com/observer

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MilitiaMan (Dinar Guru) –   Article:  “During his chairing a meeting of the Committee of Diwani Order No. (54) for the year 2017”  Quote:  “The Administrative Agent stresses the importance of completing the work of the Reform Committee and addressing the indicators of the assessment of Iraq in the annual report 2017...”   This is valuation, assessment, it is in ones best interest to be paying attention to it..

______________________________________________________________

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!!)

______________________________________________________________

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
______________________________________________________________

If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!!

Thanks – BGG!!

www.DinarUpdates.com

Two parliamentary committees are discussing with the National Business Council amendments to the tax and insurance exemption

The parliamentary committees of economy, investment and finance discussed with the specialists in the sectors of banks and insurance, businessmen and investors files relating to the laws of tax exemption and insurance and government banks, during a workshop organized by the Iraqi National Business Council, while a member of the Finance Committee in the House of Representatives Haitham Jubouri the importance of the inclusion of Iraqi investors exemptions provided For foreign companies.

“We visited the Iraqi National Business Council today and discussed two important laws related to the first exemptions from taxes and fees for contractors and companies that carry out investment projects,” Jubouri said in a statement on Thursday.

Read more:   http://www.dinarupdates.com/showthread.php?55582-Two-parliamentary-committees-are-discussing-with-the-National-Business-Council-amendm
______________________________________________________________

Follow us on twitter @DinarUpdates !!

Dinar Updates  –  Q & A Call  –  with BGG from Nov 8th –  8:00 pm Conference Call Phone # 641-715-3639 pin #528733

11/08 – Recorded Call Replay Link

______________________________________________________________

Breiting (Dinar Guru) –  [What are you looking at that makes you KNOW they want to revalue?]  The parliament, The Ministry of Finance, The Ministry of Planning, The Central Bank of Iraq and they’ve been yelling at the top of their lungs.  They even told the IMF what they wanted to do within a certain timeframe and the IMF said fine…as long as you pay the bills you guys are going to be fine…none of this is opinion…As far as the investment in the Iraqi Dinar on a timeframe I’m speculating 100% for sure.  But that’s a timeframe.  As far as it gaining value to what I think?  No, it’s not speculation. [Post 1 of 3 Stay tuned for the rest of the story]

Read more:   http://www.dinarupdates.com/observer/
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G-Lin (Dinar Guru) –  Article:  “Tigris channel reveal details of the World Bank negotiations with Iraq on the corruption of the currency auction”  IMO the World Bank and IMF are very much involved with the preparation of this [2018] budget. It seems they are telling the Central Bank and the Gov. to stop the auctions. This contributes to the majority of the corruption in Iraq. It always has been an avenue for the whales {Maliki and Co.} among others, to control the black market through imports. I think the corruption is a target for W.B. and IMF. They are pushing Abadi to open up “Made in Iraq” legislature to move to an open market which will increase exports and contribute additional income for non-oil profits. This is mandatory for an increase in value of their currency imo.  [post 1 of 3….stay tuned]

Read more:   http://www.dinarupdates.com/observer/
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The Iraqi parliament is seeking to pass a law “from where you have this” to be applied to officials from general managers and above

The legal committee in the Iraqi parliament has revealed efforts to pass a law (from where do you have this?) To apply to officials from general managers and above, while pointing out that the proposed law will also include officials in the Kurdistan region.

“After Prime Minister Haider al-Abadi announced the war on corruption, we need a law to prosecute corrupt people and verify their sources of wealth,” committee member Zana Said said in a health statement on Wednesday.

“The proposal includes the prosecution of all directors-general and higher in all provinces, as well as in the region because officials there acted with imported federal revenues Of oil and customs and the federal budget, which was the disposal of the region, “noting that” there is likely to be enrichment without cause and misappropriation. ”

A member of the parliamentary legal committee that “the duties of the federal government to be keen on public money and to track those officials who have influenced for no reason and had an illegal gain,” adding that “time enough to approve this proposal, especially with a real will to eliminate corruption and will Also popular

Read more:  http://www.dinarupdates.com/showthread.php?55572-The-Iraqi-parliament-is-seeking-to-pass-a-law-quot-from-where-you-have-this-quot-to-be-applie
______________________________________________________________

Breitling (Dinar Guru) – There’s never been an “In country revaluation”.  That’s the most retarded thing I’ve ever heard in my life.  You can’t have a currency where it’s one price in one country and another price in another country.  And all the rest of the world is a different price.  How does that work?  If that’s true then I’ll just take my dinar and go to Iraq and exchange my currency.  If i’m going to exchange for millions and millions of dollars that’s not going to be a threat to me is it?  So that’s stupid and doesn’t make any sense.

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

Breitling (Dinar Guru) – The Iraqi Dinar value doesn’t get lowered for no reason at all. There is very smart math and policies behind it.  That’s why I support this investment so much.  There is math and policy and very good reasons why the value is going to go up…So it’s a very very cool thing…Iraq is primed to revalue their currency.  Their back is against the wall.  I don’t want to say it’s a desperate thing, they want to revalue their currency.  

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

MilitiaMan (Dinar Guru) –   Article:  “Rafidain calls on ministries and departments of the state to settle their salaries electronically”   The article is reinforcing internationalism. Just like opening the ITB in the UAE and apparently one in Saudi Arabia.  Not to mention the laundry list of completed items set out in the Iraq Marshal Plan.  No need to go over all that now… But, please note that the UNSC released the oil for food escrow back in June 2017, the last time the executive order 13303 was updated was in May 22, 2017 that to the best of my knowledge was not signed yet or again since and it needs to be within a 90 day period, and then we see the IMF has stated Mission Accomplished in Iraq…This all leads us to where we are and that is watching for the cbi to change their website to reflect their accomplishments either before at or just after the recognition of what has been done, is told to the world in a past tense manner… imo.

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

Special efforts to develop production and attract investment companies

The adviser to the Ministry of Industry and Minerals described the industrial sector as the true supporter of the national economy and the creation of employment opportunities and the absorption of unemployment, expressing regret for the spending of about 321 billion dollars for the period between 2006 and 2014, which was diverted abroad in the import programs not considered, noting at the same time that support the national industry to stop this waste .

He added. “The support of the national product is the effective solution to many of the problems faced by the country from the shortage of foreign currency due to the decline in oil prices over the past three years, as well as support for the economy of the country, let alone solve the social problems resulting from The lack of job opportunities among the graduates is the largest sector in terms of its ability to absorb unemployment and labor force, as is known Globally “.

Read more:   http://www.dinarupdates.com/showthread.php?55542-Special-efforts-to-develop-production-and-attract-investment-companies
______________________________________________________________

______________________________________________________________

Follow us on twitter @DinarUpdates !!

Dinar Updates  –  Q & A Call  –  with BGG from Nov 8th –  8:00 pm Conference Call Phone # 641-715-3639 pin #528733

11/08 – Recorded Call Replay Link

______________________________________________________________

Aggiedad77  (Dinar Guru) –  Article:  “Central banks contribute to economic balance”  Quotes:   “government with the involvement of the central bank in determining the exchange rate policy will lead to the occurrence of the difference or contradiction between the purposes of the exchange rate, and between the other monetary purposes , which both the bank and the government seeks to achieve.”   “an attempt to link the independence of the central bank and exchange rate policy found a place in economic studies, especially in light of the free exchange arrangements or floating...”    WOW...the “attempt to link” is alluring…but what really caught my eye is the last part of that statement…”in light of the free exchange arrangements or floating”…that to me speaks VOLUMES…all IMO…oh is it Saturday yet…the BEST is coming. 

Read more:  http://www.dinarupdates.com/observer/
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Apmcrx  (Dinar Guru) –  “Summary of the Annual Meetings Report of the International Monetary Fund and the Talks of the Credit Union (Third Round) and the visit of the Governor of the Central Bank to the UN Security Council”   Quote:  “De La Rue’s two main rivals, Munich-based Giesecke & Devrient (G&D), and Oberthur Fiduciaire, a French firm, date back to the mid-19th century.”    IMO is really interesting that CBI mentions the banknote printers De La Rue and Oberthure…

Read more:  http://www.dinarupdates.com/observer/
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Nusseiri confirms the success of the policies of the Central Bank in the development

The economic and banking advisor of the Association of Iraqi Private Banks Samir al-Nusairi said on Tuesday that the policies and procedures adopted by the Iraqi Central Bank and implemented by the Iraqi private banks, most notably the classification and evaluation of banks in accordance with their commitment and implementation of international standards in the rules and regulations of compliance and international accounting and combating money laundering and terrorism financing and management of credit risks and operational risks.

Liquidity and market and achieve the objectives of monetary policy in maintaining exchange rates and reduce inflation and stimulate economic growth and the construction of a solid banking sector is a clear and specific work program targets Boards of directors of banks and executive departments, has proved successful at the level of re-confidence in the banking sector and financial internationally and locally.

Read more:  http://www.dinarupdates.com/showthread.php?55560-Nusseiri-confirms-the-success-of-the-policies-of-the-Central-Bank-in-the-development

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Kaperoni (Dinar Guru) –   There are several articles going back a year or two that clearly state that the WTO wants to see dependence on oil drop to about 80% or so before it is viable for accession.  So in other words, Iraq needs to get the private sector started and creating some exports before they will get into the WTO.  That being said, we know the requirements so it motivates the CBI to get currency reform done.

Read more:  http://www.dinarupdates.com/observer/
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Chattels (Dinar Guru) –  [do you really feel this is going to happen…?]  I believe that there will be an increase in value which will inure to our benefit, but when or how long is the problem.   I try not to anticipate a date so much and view it as a long shot in my lifetime. Treat it as “found” or “futuremoney” if you will.   I would be very upset if I got out now and it happened, so…I watch, wait and hope.

Read more:  http://www.dinarupdates.com/observer/
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Basra is witnessing two economic activities related to oil and energy

Baghdad – Agencies – The head of the oil and gas committee in the Basra provincial council Ali Shaddad Al-Faris, on Tuesday, the establishment of two economic activities related to oil and energy.

“About 300 companies will participate in the exhibition to be held next December, as well as another forum related to research and studies related to energy,” he said.

He added that “the province of Basra will be next December to hold an exhibition of oil and gas with the participation of about 300 companies, adding that this exhibition is of great importance in the economic and oil investment, where will be the first day of the opening ceremony of the exhibition, and the second day will be a workshop to present investment opportunities for investors And participants “.

“The oil and gas exhibition includes the participation of Saudi, Iranian and Kuwaiti companies for nearby countries in the region, as well as European companies possessing modern technology in the oil and gas sector.”

Read More:   http://www.dinarupdates.com/showthread.php?55509-Basra-is-witnessing-two-economic-activities-related-to-oil-and-energy
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Dr. Clarke (Dinar Guru) –  …we believe that Iraq and Vietnam, are further along, and closer to, substantially increasing the value of their currency, than ever before.  So close, in fact, that we Believe and Expect Iraq, to Substantially increase the value of their Dinar, Publicly & Officially, sometime between November 17th and December 1, 2017.  We particularly like the dates of Nov. 18, 19, 20, 21, 25th, 29th. We also believe and expect, that the most beneficial dates of Exchange, will be within the First 21 days of December.   [reference Guru Dr. Clarke post 11-10-2017]

Read more:  http://www.dinarupdates.com/observer/
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MilitiaMan  (Dinar Guru) –  Article from 04/11/2016:  “Keywords: The adoption of electronic payment tools creates competition between banks”   Quote:  “The central bank governor Ali al-Alaq said on Wednesday that the localization of salaries is a government project aimed at transforming from a purely monetary society to the adoption of electronic payment tools.”   It is my opinion that what they are doing, is exactly what they told they were doing, and now it is about timing the implementation of the PROJECT!

Read more:  http://www.dinarupdates.com/observer/
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Bruce (Dinar Guru) –   Right now we are in a situation where Iraq is looking to put out their actual rate for their dinar here if they haven’t done it already…   I think we are looking to that possibly any moment. My understanding is their induction to the WTO, World Trade Organization, they need to have that international rate up and actively live beforehand. I don’t know how much before hand, I thought 3 days…   …the control situation for Iraq has migrated over to the Central bank of Iraq, CBI, where they have the control on releasing that rate and showing that rate.  That is a real positive step Iraq has done to do what they needed to do to be inducted into the WTO on Friday.   [post 1 of 2….stay tuned]

Read more:  http://www.dinarupdates.com/observer/
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Ministry of Industry intends to open new projects

The Ministry of Industry and Minerals intends to open new projects soon, confirming its plans and efforts to develop its companies and turn them into profitable and productive.

The ministry reviewed in a statement Sunday the new projects and factories opened by the Minister of Industry and Minerals and the agency Mohammed Shiaa Sudanese in a number of companies of the ministry during the past period, which included various industrial areas such as construction, engineering, chemical, textile, leather and others.
The opening of these projects contributed to the addition of new products and the.

achievement of financial returns and the development of the reality of some industries. It included the opening of the Baghdad plastic factory belonging to the General Company for Construction Industries and the opening of the rock wool factory and the production lines of the developed polymer asphalt and aluminum castings at the State Company for Mining Industries. In the General Company for the manufacture of cars and equipment specialized production of Mercedes trucks and German trucks Scania and Volvo Swedish production capacity (5000) trucks annually.

Read more:   http://www.dinarupdates.com/showthread.php?55494-Ministry-of-Industry-intends-to-open-new-projects
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Breitling (Dinar Guru)  …The best strategy you can have is to be able to put different situations in front of you and have a game plan for each and every one of them that comes down.  The top leaders in our country actually put together a strategy, they don’t just pick an A to Z strategy process.  That would mean they know everything, that they would know exactly what’s coming down the road.  And that’s not the case.  That’s never the case.  You have to know the different variables coming down the road and the different possibilities…I want to talk about the rate, there are articles coming out that we have Saudi Arabia pointing their fingers at Iran saying…these missiles coming from Yemen – that’s a declaration of war…If there’s going to be an Islamic civil war that’s going to affect Iraq right?  Absolutely it is…remember the Iraqi dinar is completely manipulated..If…IF…there is an Islamic civil war…It’s not a threat to $1.17... [Post 1 of 2  Stay tuned for the rest of the story]

Read more:  http://www.dinarupdates.com/observer/

______________________________________________________________

sandyf (Dinar Guru) –  “The Tariff Law – “The new tariff, which went into effect on January 19, imposes a 30 percent customs duty on imported goods coming through Iraq’s crossing points, exempting the autonomous region of Kurdistan.”   When the Tariff Law was introduced Iraq needed Kurdistan to help clear ISIS so they exempted them from the law, but in doing so stopped any further dealings with the WTO. Things have changed, Iraq can now take control and recommence the process, starting this Friday.

Read more:   http://www.dinarupdates.com/observer/
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MilitiaMan (Dinar Guru) –   [According to an email…showing the World Trade Organization (WTO) schedule for the upcoming week:] “Informal Working Party on the ACCESSION OF IRAQ to the WTO is scheduled for 10 a.m., Friday, Nov. 17, 2017”    Now how cool it that. WTO accession on 11/17/2017… Who said next year into 2018 today? lol WE all know the indicators Iraq has given us, have this on target for completion and this is a reality…

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

(IBAN) in banking transactions

In a move that gives rise to optimism for the advancement of the banking industry in the country Rafidain Bank circulated lists containing digitally organized accounts of its branches internationally accredited (IBAN) to all public and private banks.

IBAN is the abbreviation of the International Bank Account Number, a unique, unified and internationally agreed form for the bank account number for the purpose of processing transactions for banking transactions and facilitating electronic transfers between branches of banks in the world, in the sense that it is a digital organization of accounts of branches and customers in the sector Global banker Note that it is not a new bank account number, but is the same bank account number of any branch or citizen added numbers and letters from the left side.

IBAN is a mandatory requirement to send and receive money domestically and internationally safely, accurately and quickly in accordance with international banking regulations, and makes cheating almost impossible, but the use of IBAN in local remittances may be non-mandatory.

Read more:  http://www.dinarupdates.com/showthread.php?55439-(IBAN)-in-banking-transactions

______________________________________________________________

Enorrste (Dinar Guru) –   Article:  “A simulation of the dinar exchange rate linked to a basket of currencies”   We do not want the dinar tied to a basket of currencies.  We want a freely floating currency.  Let’s hope no one pays any attention to this guy.

Read more:   http://www.dinarupdates.com/observer/
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Don961 (Dinar Guru) –   Article:  “A simulation of the dinar exchange rate linked to a basket of currencies”  Just a simulation study…should the dinar get pegged to a basket of world reserve currencies … as opposed to staying ‘binary” (linked/pegged only to the USD)…shows how the exchange rate of the iqd would be affected should it be put into this world currency basket…  Just doing such a study kinda shows the belief that the iqd perhaps is being considered/projected to join such a strong basket of world currencies … sounds good to me … % allocated to iqd in this basket would depend on how strong the currency will be compared to the others … at a given point in time…will it bypass the pound or the euro? … sure … why not  …that would be cool wouldn’t it…imo.

Read more:   http://www.dinarupdates.com/observer

____________________________________________________________

MilitiaMan (Dinar Guru) –   Article:  “During his chairing a meeting of the Committee of Diwani Order No. (54) for the year 2017”  Quote:  “The Administrative Agent stresses the importance of completing the work of the Reform Committee and addressing the indicators of the assessment of Iraq in the annual report 2017...”   This is valuation, assessment, it is in ones best interest to be paying attention to it..

______________________________________________________________

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!!)

______________________________________________________________

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
______________________________________________________________

If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!!

Thanks – BGG!!

www.DinarUpdates.com

The Iraqi parliament is seeking to pass a law “from where you have this” to be applied to officials from general managers and above

The legal committee in the Iraqi parliament has revealed efforts to pass a law (from where do you have this?) To apply to officials from general managers and above, while pointing out that the proposed law will also include officials in the Kurdistan region.

“After Prime Minister Haider al-Abadi announced the war on corruption, we need a law to prosecute corrupt people and verify their sources of wealth,” committee member Zana Said said in a health statement on Wednesday.

“The proposal includes the prosecution of all directors-general and higher in all provinces, as well as in the region because officials there acted with imported federal revenues Of oil and customs and the federal budget, which was the disposal of the region, “noting that” there is likely to be enrichment without cause and misappropriation. ”

A member of the parliamentary legal committee that “the duties of the federal government to be keen on public money and to track those officials who have influenced for no reason and had an illegal gain,” adding that “time enough to approve this proposal, especially with a real will to eliminate corruption and will Also popular

Read more:  http://www.dinarupdates.com/showthread.php?55572-The-Iraqi-parliament-is-seeking-to-pass-a-law-quot-from-where-you-have-this-quot-to-be-applie
______________________________________________________________

Breitling (Dinar Guru) – There’s never been an “In country revaluation”.  That’s the most retarded thing I’ve ever heard in my life.  You can’t have a currency where it’s one price in one country and another price in another country.  And all the rest of the world is a different price.  How does that work?  If that’s true then I’ll just take my dinar and go to Iraq and exchange my currency.  If i’m going to exchange for millions and millions of dollars that’s not going to be a threat to me is it?  So that’s stupid and doesn’t make any sense.

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

Breitling (Dinar Guru) – The Iraqi Dinar value doesn’t get lowered for no reason at all. There is very smart math and policies behind it.  That’s why I support this investment so much.  There is math and policy and very good reasons why the value is going to go up…So it’s a very very cool thing…Iraq is primed to revalue their currency.  Their back is against the wall.  I don’t want to say it’s a desperate thing, they want to revalue their currency.  

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

MilitiaMan (Dinar Guru) –   Article:  “Rafidain calls on ministries and departments of the state to settle their salaries electronically”   The article is reinforcing internationalism. Just like opening the ITB in the UAE and apparently one in Saudi Arabia.  Not to mention the laundry list of completed items set out in the Iraq Marshal Plan.  No need to go over all that now… But, please note that the UNSC released the oil for food escrow back in June 2017, the last time the executive order 13303 was updated was in May 22, 2017 that to the best of my knowledge was not signed yet or again since and it needs to be within a 90 day period, and then we see the IMF has stated Mission Accomplished in Iraq…This all leads us to where we are and that is watching for the cbi to change their website to reflect their accomplishments either before at or just after the recognition of what has been done, is told to the world in a past tense manner… imo.

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

Special efforts to develop production and attract investment companies

The adviser to the Ministry of Industry and Minerals described the industrial sector as the true supporter of the national economy and the creation of employment opportunities and the absorption of unemployment, expressing regret for the spending of about 321 billion dollars for the period between 2006 and 2014, which was diverted abroad in the import programs not considered, noting at the same time that support the national industry to stop this waste .

He added. “The support of the national product is the effective solution to many of the problems faced by the country from the shortage of foreign currency due to the decline in oil prices over the past three years, as well as support for the economy of the country, let alone solve the social problems resulting from The lack of job opportunities among the graduates is the largest sector in terms of its ability to absorb unemployment and labor force, as is known Globally “.

Read more:   http://www.dinarupdates.com/showthread.php?55542-Special-efforts-to-develop-production-and-attract-investment-companies
______________________________________________________________

______________________________________________________________

Follow us on twitter @DinarUpdates !!

Dinar Updates  –  Q & A Call  –  with BGG from Nov 8th –  8:00 pm Conference Call Phone # 641-715-3639 pin #528733

11/08 – Recorded Call Replay Link

______________________________________________________________

Aggiedad77  (Dinar Guru) –  Article:  “Central banks contribute to economic balance”  Quotes:   “government with the involvement of the central bank in determining the exchange rate policy will lead to the occurrence of the difference or contradiction between the purposes of the exchange rate, and between the other monetary purposes , which both the bank and the government seeks to achieve.”   “an attempt to link the independence of the central bank and exchange rate policy found a place in economic studies, especially in light of the free exchange arrangements or floating...”    WOW...the “attempt to link” is alluring…but what really caught my eye is the last part of that statement…”in light of the free exchange arrangements or floating”…that to me speaks VOLUMES…all IMO…oh is it Saturday yet…the BEST is coming. 

Read more:  http://www.dinarupdates.com/observer/
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Apmcrx  (Dinar Guru) –  “Summary of the Annual Meetings Report of the International Monetary Fund and the Talks of the Credit Union (Third Round) and the visit of the Governor of the Central Bank to the UN Security Council”   Quote:  “De La Rue’s two main rivals, Munich-based Giesecke & Devrient (G&D), and Oberthur Fiduciaire, a French firm, date back to the mid-19th century.”    IMO is really interesting that CBI mentions the banknote printers De La Rue and Oberthure…

Read more:  http://www.dinarupdates.com/observer/
______________________________________________________________

Nusseiri confirms the success of the policies of the Central Bank in the development

The economic and banking advisor of the Association of Iraqi Private Banks Samir al-Nusairi said on Tuesday that the policies and procedures adopted by the Iraqi Central Bank and implemented by the Iraqi private banks, most notably the classification and evaluation of banks in accordance with their commitment and implementation of international standards in the rules and regulations of compliance and international accounting and combating money laundering and terrorism financing and management of credit risks and operational risks.

Liquidity and market and achieve the objectives of monetary policy in maintaining exchange rates and reduce inflation and stimulate economic growth and the construction of a solid banking sector is a clear and specific work program targets Boards of directors of banks and executive departments, has proved successful at the level of re-confidence in the banking sector and financial internationally and locally.

Read more:  http://www.dinarupdates.com/showthread.php?55560-Nusseiri-confirms-the-success-of-the-policies-of-the-Central-Bank-in-the-development

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Kaperoni (Dinar Guru) –   There are several articles going back a year or two that clearly state that the WTO wants to see dependence on oil drop to about 80% or so before it is viable for accession.  So in other words, Iraq needs to get the private sector started and creating some exports before they will get into the WTO.  That being said, we know the requirements so it motivates the CBI to get currency reform done.

Read more:  http://www.dinarupdates.com/observer/
______________________________________________________________

Chattels (Dinar Guru) –  [do you really feel this is going to happen…?]  I believe that there will be an increase in value which will inure to our benefit, but when or how long is the problem.   I try not to anticipate a date so much and view it as a long shot in my lifetime. Treat it as “found” or “futuremoney” if you will.   I would be very upset if I got out now and it happened, so…I watch, wait and hope.

Read more:  http://www.dinarupdates.com/observer/
______________________________________________________________

Basra is witnessing two economic activities related to oil and energy

Baghdad – Agencies – The head of the oil and gas committee in the Basra provincial council Ali Shaddad Al-Faris, on Tuesday, the establishment of two economic activities related to oil and energy.

“About 300 companies will participate in the exhibition to be held next December, as well as another forum related to research and studies related to energy,” he said.

He added that “the province of Basra will be next December to hold an exhibition of oil and gas with the participation of about 300 companies, adding that this exhibition is of great importance in the economic and oil investment, where will be the first day of the opening ceremony of the exhibition, and the second day will be a workshop to present investment opportunities for investors And participants “.

“The oil and gas exhibition includes the participation of Saudi, Iranian and Kuwaiti companies for nearby countries in the region, as well as European companies possessing modern technology in the oil and gas sector.”

Read More:   http://www.dinarupdates.com/showthread.php?55509-Basra-is-witnessing-two-economic-activities-related-to-oil-and-energy
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Dr. Clarke (Dinar Guru) –  …we believe that Iraq and Vietnam, are further along, and closer to, substantially increasing the value of their currency, than ever before.  So close, in fact, that we Believe and Expect Iraq, to Substantially increase the value of their Dinar, Publicly & Officially, sometime between November 17th and December 1, 2017.  We particularly like the dates of Nov. 18, 19, 20, 21, 25th, 29th. We also believe and expect, that the most beneficial dates of Exchange, will be within the First 21 days of December.   [reference Guru Dr. Clarke post 11-10-2017]

Read more:  http://www.dinarupdates.com/observer/
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MilitiaMan  (Dinar Guru) –  Article from 04/11/2016:  “Keywords: The adoption of electronic payment tools creates competition between banks”   Quote:  “The central bank governor Ali al-Alaq said on Wednesday that the localization of salaries is a government project aimed at transforming from a purely monetary society to the adoption of electronic payment tools.”   It is my opinion that what they are doing, is exactly what they told they were doing, and now it is about timing the implementation of the PROJECT!

Read more:  http://www.dinarupdates.com/observer/
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Bruce (Dinar Guru) –   Right now we are in a situation where Iraq is looking to put out their actual rate for their dinar here if they haven’t done it already…   I think we are looking to that possibly any moment. My understanding is their induction to the WTO, World Trade Organization, they need to have that international rate up and actively live beforehand. I don’t know how much before hand, I thought 3 days…   …the control situation for Iraq has migrated over to the Central bank of Iraq, CBI, where they have the control on releasing that rate and showing that rate.  That is a real positive step Iraq has done to do what they needed to do to be inducted into the WTO on Friday.   [post 1 of 2….stay tuned]

Read more:  http://www.dinarupdates.com/observer/
________________________________________________________

Ministry of Industry intends to open new projects

The Ministry of Industry and Minerals intends to open new projects soon, confirming its plans and efforts to develop its companies and turn them into profitable and productive.

The ministry reviewed in a statement Sunday the new projects and factories opened by the Minister of Industry and Minerals and the agency Mohammed Shiaa Sudanese in a number of companies of the ministry during the past period, which included various industrial areas such as construction, engineering, chemical, textile, leather and others.
The opening of these projects contributed to the addition of new products and the.

achievement of financial returns and the development of the reality of some industries. It included the opening of the Baghdad plastic factory belonging to the General Company for Construction Industries and the opening of the rock wool factory and the production lines of the developed polymer asphalt and aluminum castings at the State Company for Mining Industries. In the General Company for the manufacture of cars and equipment specialized production of Mercedes trucks and German trucks Scania and Volvo Swedish production capacity (5000) trucks annually.

Read more:   http://www.dinarupdates.com/showthread.php?55494-Ministry-of-Industry-intends-to-open-new-projects
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Breitling (Dinar Guru)  …The best strategy you can have is to be able to put different situations in front of you and have a game plan for each and every one of them that comes down.  The top leaders in our country actually put together a strategy, they don’t just pick an A to Z strategy process.  That would mean they know everything, that they would know exactly what’s coming down the road.  And that’s not the case.  That’s never the case.  You have to know the different variables coming down the road and the different possibilities…I want to talk about the rate, there are articles coming out that we have Saudi Arabia pointing their fingers at Iran saying…these missiles coming from Yemen – that’s a declaration of war…If there’s going to be an Islamic civil war that’s going to affect Iraq right?  Absolutely it is…remember the Iraqi dinar is completely manipulated..If…IF…there is an Islamic civil war…It’s not a threat to $1.17... [Post 1 of 2  Stay tuned for the rest of the story]

Read more:  http://www.dinarupdates.com/observer/

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sandyf (Dinar Guru) –  “The Tariff Law – “The new tariff, which went into effect on January 19, imposes a 30 percent customs duty on imported goods coming through Iraq’s crossing points, exempting the autonomous region of Kurdistan.”   When the Tariff Law was introduced Iraq needed Kurdistan to help clear ISIS so they exempted them from the law, but in doing so stopped any further dealings with the WTO. Things have changed, Iraq can now take control and recommence the process, starting this Friday.

Read more:   http://www.dinarupdates.com/observer/
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MilitiaMan (Dinar Guru) –   [According to an email…showing the World Trade Organization (WTO) schedule for the upcoming week:] “Informal Working Party on the ACCESSION OF IRAQ to the WTO is scheduled for 10 a.m., Friday, Nov. 17, 2017”    Now how cool it that. WTO accession on 11/17/2017… Who said next year into 2018 today? lol WE all know the indicators Iraq has given us, have this on target for completion and this is a reality…

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

(IBAN) in banking transactions

In a move that gives rise to optimism for the advancement of the banking industry in the country Rafidain Bank circulated lists containing digitally organized accounts of its branches internationally accredited (IBAN) to all public and private banks.

IBAN is the abbreviation of the International Bank Account Number, a unique, unified and internationally agreed form for the bank account number for the purpose of processing transactions for banking transactions and facilitating electronic transfers between branches of banks in the world, in the sense that it is a digital organization of accounts of branches and customers in the sector Global banker Note that it is not a new bank account number, but is the same bank account number of any branch or citizen added numbers and letters from the left side.

IBAN is a mandatory requirement to send and receive money domestically and internationally safely, accurately and quickly in accordance with international banking regulations, and makes cheating almost impossible, but the use of IBAN in local remittances may be non-mandatory.

Read more:  http://www.dinarupdates.com/showthread.php?55439-(IBAN)-in-banking-transactions

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Enorrste (Dinar Guru) –   Article:  “A simulation of the dinar exchange rate linked to a basket of currencies”   We do not want the dinar tied to a basket of currencies.  We want a freely floating currency.  Let’s hope no one pays any attention to this guy.

Read more:   http://www.dinarupdates.com/observer/
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Don961 (Dinar Guru) –   Article:  “A simulation of the dinar exchange rate linked to a basket of currencies”  Just a simulation study…should the dinar get pegged to a basket of world reserve currencies … as opposed to staying ‘binary” (linked/pegged only to the USD)…shows how the exchange rate of the iqd would be affected should it be put into this world currency basket…  Just doing such a study kinda shows the belief that the iqd perhaps is being considered/projected to join such a strong basket of world currencies … sounds good to me … % allocated to iqd in this basket would depend on how strong the currency will be compared to the others … at a given point in time…will it bypass the pound or the euro? … sure … why not  …that would be cool wouldn’t it…imo.

Read more:   http://www.dinarupdates.com/observer

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MilitiaMan (Dinar Guru) –   Article:  “During his chairing a meeting of the Committee of Diwani Order No. (54) for the year 2017”  Quote:  “The Administrative Agent stresses the importance of completing the work of the Reform Committee and addressing the indicators of the assessment of Iraq in the annual report 2017...”   This is valuation, assessment, it is in ones best interest to be paying attention to it..

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Oil Minister confirms that Iraq has promising opportunities for investment in the oil and gas sector

Oil Minister Jabbar allaibi, Thursday, on having Iraq for promising investment opportunities in the oil and energy sector, the Government and the Ministry were keen to provide the proper environment for Arabic and global corporations and to achieve common goals.

Allaibi said in a speech during his participation in the work and discussions of the ADIPEC Conference and exhibition in Abu Dhabi and vassal “economy” news “Ministry invited international companies to invest in the sectors, drilling, extraction and filtering infrastructure projects and strengthening partnership and cooperation and interlock with companies And to achieve common goals and contribute to the revitalization and development of the national economy. ”

The oil Minister has met with a number of Ministers, directors of international companies on the sidelines at the ADIPEC Conference and discussed ways of strengthening ties and investment cooperation in the oil and energy sector.

Read more:  http://www.dinarupdates.com/showthread.php?55460-Oil-Minister-confirms-that-Iraq-has-promising-opportunities-for-investment-in-the-oil
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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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If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!!

Thanks – BGG!!

www.DinarUpdates.com

IRAQI SECURITY FORCES PIVOT FROM OFFENSIVE WARFARE TO COUNTER INSURGENCY

On November 17th, 2017, the Iraqi Army’s 7th and 8th Divisions crossed the Euphrates at 7:30 a.m. local time and stormed the town of Rawa in Western Anbar. The fighting would last roughly five hours and the liberation of the town would represent the erasure of the so-called Caliphate due to Rawa being the last urban stronghold under the control of ISIS since 2014.

Freeing Rawa meant that the so-called Islamic State had been defeated militarily in Iraq. With the bulk of the terrorist forces pulling back northwards towards Badia Ba’aj, a steppe that is roughly 22,000 km2 in size and stretches from just south of the town of Ba’aj in Ninawa province to parts of the Euphrates river in Western Anbar, it had become necessary to launch a follow-up operation to destroy the terrorists’ hideouts deep in the desert.

Read more:  http://www.dinarupdates.com/showthread.php?55564-Iraqi-security-forces-pivot-from-offensive-warfare-to-counter-insurgency
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Breitling (Dinar Guru) – The Iraqi Dinar value doesn’t get lowered for no reason at all. There is very smart math and policies behind it.  That’s why I support this investment so much.  There is math and policy and very good reasons why the value is going to go up…So it’s a very very cool thing…Iraq is primed to revalue their currency.  Their back is against the wall.  I don’t want to say it’s a desperate thing, they want to revalue their currency.  

Read more:   http://www.dinarupdates.com/observer/
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MilitiaMan (Dinar Guru) –   Article:  “Rafidain calls on ministries and departments of the state to settle their salaries electronically”   The article is reinforcing internationalism. Just like opening the ITB in the UAE and apparently one in Saudi Arabia.  Not to mention the laundry list of completed items set out in the Iraq Marshal Plan.  No need to go over all that now… But, please note that the UNSC released the oil for food escrow back in June 2017, the last time the executive order 13303 was updated was in May 22, 2017 that to the best of my knowledge was not signed yet or again since and it needs to be within a 90 day period, and then we see the IMF has stated Mission Accomplished in Iraq…This all leads us to where we are and that is watching for the cbi to change their website to reflect their accomplishments either before at or just after the recognition of what has been done, is told to the world in a past tense manner… imo.

Read more:   http://www.dinarupdates.com/observer/
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Special efforts to develop production and attract investment companies

The adviser to the Ministry of Industry and Minerals described the industrial sector as the true supporter of the national economy and the creation of employment opportunities and the absorption of unemployment, expressing regret for the spending of about 321 billion dollars for the period between 2006 and 2014, which was diverted abroad in the import programs not considered, noting at the same time that support the national industry to stop this waste .

He added. “The support of the national product is the effective solution to many of the problems faced by the country from the shortage of foreign currency due to the decline in oil prices over the past three years, as well as support for the economy of the country, let alone solve the social problems resulting from The lack of job opportunities among the graduates is the largest sector in terms of its ability to absorb unemployment and labor force, as is known Globally “.

Read more:   http://www.dinarupdates.com/showthread.php?55542-Special-efforts-to-develop-production-and-attract-investment-companies
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Follow us on twitter @DinarUpdates !!

Dinar Updates  –  Q & A Call  –  with BGG from Nov 8th –  8:00 pm Conference Call Phone # 641-715-3639 pin #528733

11/08 – Recorded Call Replay Link

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Aggiedad77  (Dinar Guru) –  Article:  “Central banks contribute to economic balance”  Quotes:   “government with the involvement of the central bank in determining the exchange rate policy will lead to the occurrence of the difference or contradiction between the purposes of the exchange rate, and between the other monetary purposes , which both the bank and the government seeks to achieve.”   “an attempt to link the independence of the central bank and exchange rate policy found a place in economic studies, especially in light of the free exchange arrangements or floating...”    WOW...the “attempt to link” is alluring…but what really caught my eye is the last part of that statement…”in light of the free exchange arrangements or floating”…that to me speaks VOLUMES…all IMO…oh is it Saturday yet…the BEST is coming. 

Read more:  http://www.dinarupdates.com/observer/
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Apmcrx  (Dinar Guru) –  “Summary of the Annual Meetings Report of the International Monetary Fund and the Talks of the Credit Union (Third Round) and the visit of the Governor of the Central Bank to the UN Security Council”   Quote:  “De La Rue’s two main rivals, Munich-based Giesecke & Devrient (G&D), and Oberthur Fiduciaire, a French firm, date back to the mid-19th century.”    IMO is really interesting that CBI mentions the banknote printers De La Rue and Oberthure…

Read more:  http://www.dinarupdates.com/observer/
______________________________________________________________

Nusseiri confirms the success of the policies of the Central Bank in the development

The economic and banking advisor of the Association of Iraqi Private Banks Samir al-Nusairi said on Tuesday that the policies and procedures adopted by the Iraqi Central Bank and implemented by the Iraqi private banks, most notably the classification and evaluation of banks in accordance with their commitment and implementation of international standards in the rules and regulations of compliance and international accounting and combating money laundering and terrorism financing and management of credit risks and operational risks.

Liquidity and market and achieve the objectives of monetary policy in maintaining exchange rates and reduce inflation and stimulate economic growth and the construction of a solid banking sector is a clear and specific work program targets Boards of directors of banks and executive departments, has proved successful at the level of re-confidence in the banking sector and financial internationally and locally.

Read more:  http://www.dinarupdates.com/showthread.php?55560-Nusseiri-confirms-the-success-of-the-policies-of-the-Central-Bank-in-the-development

______________________________________________________________

Kaperoni (Dinar Guru) –   There are several articles going back a year or two that clearly state that the WTO wants to see dependence on oil drop to about 80% or so before it is viable for accession.  So in other words, Iraq needs to get the private sector started and creating some exports before they will get into the WTO.  That being said, we know the requirements so it motivates the CBI to get currency reform done.

Read more:  http://www.dinarupdates.com/observer/
______________________________________________________________

Chattels (Dinar Guru) –  [do you really feel this is going to happen…?]  I believe that there will be an increase in value which will inure to our benefit, but when or how long is the problem.   I try not to anticipate a date so much and view it as a long shot in my lifetime. Treat it as “found” or “futuremoney” if you will.   I would be very upset if I got out now and it happened, so…I watch, wait and hope.

Read more:  http://www.dinarupdates.com/observer/
______________________________________________________________

Basra is witnessing two economic activities related to oil and energy

Baghdad – Agencies – The head of the oil and gas committee in the Basra provincial council Ali Shaddad Al-Faris, on Tuesday, the establishment of two economic activities related to oil and energy.

“About 300 companies will participate in the exhibition to be held next December, as well as another forum related to research and studies related to energy,” he said.

He added that “the province of Basra will be next December to hold an exhibition of oil and gas with the participation of about 300 companies, adding that this exhibition is of great importance in the economic and oil investment, where will be the first day of the opening ceremony of the exhibition, and the second day will be a workshop to present investment opportunities for investors And participants “.

“The oil and gas exhibition includes the participation of Saudi, Iranian and Kuwaiti companies for nearby countries in the region, as well as European companies possessing modern technology in the oil and gas sector.”

Read More:   http://www.dinarupdates.com/showthread.php?55509-Basra-is-witnessing-two-economic-activities-related-to-oil-and-energy
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Dr. Clarke (Dinar Guru) –  …we believe that Iraq and Vietnam, are further along, and closer to, substantially increasing the value of their currency, than ever before.  So close, in fact, that we Believe and Expect Iraq, to Substantially increase the value of their Dinar, Publicly & Officially, sometime between November 17th and December 1, 2017.  We particularly like the dates of Nov. 18, 19, 20, 21, 25th, 29th. We also believe and expect, that the most beneficial dates of Exchange, will be within the First 21 days of December.   [reference Guru Dr. Clarke post 11-10-2017]

Read more:  http://www.dinarupdates.com/observer/
______________________________________________________________

MilitiaMan  (Dinar Guru) –  Article from 04/11/2016:  “Keywords: The adoption of electronic payment tools creates competition between banks”   Quote:  “The central bank governor Ali al-Alaq said on Wednesday that the localization of salaries is a government project aimed at transforming from a purely monetary society to the adoption of electronic payment tools.”   It is my opinion that what they are doing, is exactly what they told they were doing, and now it is about timing the implementation of the PROJECT!

Read more:  http://www.dinarupdates.com/observer/
______________________________________________________________

Bruce (Dinar Guru) –   Right now we are in a situation where Iraq is looking to put out their actual rate for their dinar here if they haven’t done it already…   I think we are looking to that possibly any moment. My understanding is their induction to the WTO, World Trade Organization, they need to have that international rate up and actively live beforehand. I don’t know how much before hand, I thought 3 days…   …the control situation for Iraq has migrated over to the Central bank of Iraq, CBI, where they have the control on releasing that rate and showing that rate.  That is a real positive step Iraq has done to do what they needed to do to be inducted into the WTO on Friday.   [post 1 of 2….stay tuned]

Read more:  http://www.dinarupdates.com/observer/
________________________________________________________

Ministry of Industry intends to open new projects

The Ministry of Industry and Minerals intends to open new projects soon, confirming its plans and efforts to develop its companies and turn them into profitable and productive.

The ministry reviewed in a statement Sunday the new projects and factories opened by the Minister of Industry and Minerals and the agency Mohammed Shiaa Sudanese in a number of companies of the ministry during the past period, which included various industrial areas such as construction, engineering, chemical, textile, leather and others.
The opening of these projects contributed to the addition of new products and the.

achievement of financial returns and the development of the reality of some industries. It included the opening of the Baghdad plastic factory belonging to the General Company for Construction Industries and the opening of the rock wool factory and the production lines of the developed polymer asphalt and aluminum castings at the State Company for Mining Industries. In the General Company for the manufacture of cars and equipment specialized production of Mercedes trucks and German trucks Scania and Volvo Swedish production capacity (5000) trucks annually.

Read more:   http://www.dinarupdates.com/showthread.php?55494-Ministry-of-Industry-intends-to-open-new-projects
______________________________________________________________

Breitling (Dinar Guru)  …The best strategy you can have is to be able to put different situations in front of you and have a game plan for each and every one of them that comes down.  The top leaders in our country actually put together a strategy, they don’t just pick an A to Z strategy process.  That would mean they know everything, that they would know exactly what’s coming down the road.  And that’s not the case.  That’s never the case.  You have to know the different variables coming down the road and the different possibilities…I want to talk about the rate, there are articles coming out that we have Saudi Arabia pointing their fingers at Iran saying…these missiles coming from Yemen – that’s a declaration of war…If there’s going to be an Islamic civil war that’s going to affect Iraq right?  Absolutely it is…remember the Iraqi dinar is completely manipulated..If…IF…there is an Islamic civil war…It’s not a threat to $1.17... [Post 1 of 2  Stay tuned for the rest of the story]

Read more:  http://www.dinarupdates.com/observer/

______________________________________________________________

sandyf (Dinar Guru) –  “The Tariff Law – “The new tariff, which went into effect on January 19, imposes a 30 percent customs duty on imported goods coming through Iraq’s crossing points, exempting the autonomous region of Kurdistan.”   When the Tariff Law was introduced Iraq needed Kurdistan to help clear ISIS so they exempted them from the law, but in doing so stopped any further dealings with the WTO. Things have changed, Iraq can now take control and recommence the process, starting this Friday.

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

MilitiaMan (Dinar Guru) –   [According to an email…showing the World Trade Organization (WTO) schedule for the upcoming week:] “Informal Working Party on the ACCESSION OF IRAQ to the WTO is scheduled for 10 a.m., Friday, Nov. 17, 2017”    Now how cool it that. WTO accession on 11/17/2017… Who said next year into 2018 today? lol WE all know the indicators Iraq has given us, have this on target for completion and this is a reality…

Read more:   http://www.dinarupdates.com/observer/
______________________________________________________________

(IBAN) in banking transactions

In a move that gives rise to optimism for the advancement of the banking industry in the country Rafidain Bank circulated lists containing digitally organized accounts of its branches internationally accredited (IBAN) to all public and private banks.

IBAN is the abbreviation of the International Bank Account Number, a unique, unified and internationally agreed form for the bank account number for the purpose of processing transactions for banking transactions and facilitating electronic transfers between branches of banks in the world, in the sense that it is a digital organization of accounts of branches and customers in the sector Global banker Note that it is not a new bank account number, but is the same bank account number of any branch or citizen added numbers and letters from the left side.

IBAN is a mandatory requirement to send and receive money domestically and internationally safely, accurately and quickly in accordance with international banking regulations, and makes cheating almost impossible, but the use of IBAN in local remittances may be non-mandatory.

Read more:  http://www.dinarupdates.com/showthread.php?55439-(IBAN)-in-banking-transactions

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Enorrste (Dinar Guru) –   Article:  “A simulation of the dinar exchange rate linked to a basket of currencies”   We do not want the dinar tied to a basket of currencies.  We want a freely floating currency.  Let’s hope no one pays any attention to this guy.

Read more:   http://www.dinarupdates.com/observer/
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Don961 (Dinar Guru) –   Article:  “A simulation of the dinar exchange rate linked to a basket of currencies”  Just a simulation study…should the dinar get pegged to a basket of world reserve currencies … as opposed to staying ‘binary” (linked/pegged only to the USD)…shows how the exchange rate of the iqd would be affected should it be put into this world currency basket…  Just doing such a study kinda shows the belief that the iqd perhaps is being considered/projected to join such a strong basket of world currencies … sounds good to me … % allocated to iqd in this basket would depend on how strong the currency will be compared to the others … at a given point in time…will it bypass the pound or the euro? … sure … why not  …that would be cool wouldn’t it…imo.

Read more:   http://www.dinarupdates.com/observer

____________________________________________________________

MilitiaMan (Dinar Guru) –   Article:  “During his chairing a meeting of the Committee of Diwani Order No. (54) for the year 2017”  Quote:  “The Administrative Agent stresses the importance of completing the work of the Reform Committee and addressing the indicators of the assessment of Iraq in the annual report 2017...”   This is valuation, assessment, it is in ones best interest to be paying attention to it..

______________________________________________________________

Oil Minister confirms that Iraq has promising opportunities for investment in the oil and gas sector

Oil Minister Jabbar allaibi, Thursday, on having Iraq for promising investment opportunities in the oil and energy sector, the Government and the Ministry were keen to provide the proper environment for Arabic and global corporations and to achieve common goals.

Allaibi said in a speech during his participation in the work and discussions of the ADIPEC Conference and exhibition in Abu Dhabi and vassal “economy” news “Ministry invited international companies to invest in the sectors, drilling, extraction and filtering infrastructure projects and strengthening partnership and cooperation and interlock with companies And to achieve common goals and contribute to the revitalization and development of the national economy. ”

The oil Minister has met with a number of Ministers, directors of international companies on the sidelines at the ADIPEC Conference and discussed ways of strengthening ties and investment cooperation in the oil and energy sector.

Read more:  http://www.dinarupdates.com/showthread.php?55460-Oil-Minister-confirms-that-Iraq-has-promising-opportunities-for-investment-in-the-oil
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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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Thanks – BGG!!

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