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/
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The Final Victory over “Iraq” reinforces Iraq’s International Standing
After the great historic victory achieved by our armed forces on Friday, the liberation of the district of Rawa, the last of the terrorist group “Al-Dahesh” terrorist, and the declaration of Iraq as a military editor of the “da’ash” terrorist; MPs counted that the strategic importance of these victories lies in the achievement of important objectives, Iraq has enjoyed great respect and prestige in the international community and the Iraqi neighborhood as a country that has been able to defeat the “calling” and therefore there will be a great openness to Iraq internationally, which will provide great opportunities for investment in the country by the international community,Om expelled “Daesh” full Iraqi soil and edit an official holiday and a national holiday celebrated each year.
Read more: http://www.dinarupdates.com/showthread.php?55498-The-final-victory-over-the-quot-Iraq-quot-reinforces-Iraq-s-international-standing
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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/
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Key: Central measures are of interest to the UN Security Council
During discussions on money laundering and terrorism financing
*The Iraqi Central Bank (CBI) has been working hard to reach out to major international economic organizations, especially the Bank and the International Monetary Fund, to review joint programs and regulate the Iraqi financial sector and the progress it is making. Governor of the Central Bank of Iraq Ali al-Alaq said in an interview with “Sabah” said: “Iraq asked the IMF and the World Bank and specialized international organizations to support the organization of donors conference in Kuwait,
*As well as help Iraq to ease the problem of correspondent banks, revealing the completion of the bank “national strategy to combat money laundering to finance terrorism,” which will be transferred soon to the Council of Ministers for approval.
Read more: http://www.dinarupdates.com/showthread.php?55441-Key-Central-measures-are-of-interest-to-the-UN-Security-Council
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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..
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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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Kirkuk: Asking the Next Big Questions
Will the Kurdish government join forces with the central Iraqi government in Baghdad to govern Kirkuk?
Before the ISF staged its operation, there had been rumors that the faction of the Patriotic Union of Kurdistan (PUK) party led by the Talabani family proposed jointly governing Kirkuk province with Baghdad. In seeming support of the rumors, the Talabani faction ordered Kurdish peshmerga fighters to withdraw and to allow ISF to retake some of the energy installations in the city. It’s still uncertain, however, if there’s a deal in place between the PUK and Baghdad to jointly manage the province’s government or its oil and natural gas resources. That a deal would exist makes sense given the longstanding divisions between the PUK and rival Kurdistan Democratic Party (KDP), which controls much of the economy in Iraqi Kurdistan.
Will Baghdad maintain control of Kirkuk’s oil exports?
It almost certainly will, at least in some capacity. For the last three years the Kurdistan Regional Government (KRG) has been able to export oil produced at the Bai Hassan oil field and the Avanah and Baba Gurgur formations of the Kirkuk oil field, given it had effectively appropriated and incorporated the fields into its own energy sector. The federal government is now in control of those fields and could use them in negotiations with the KRG. But, though Baghdad plans to rebuild its own pipeline to export oil from Kirkuk,
right now all export infrastructure from the city goes through Kurdish-controlled territory, which could complicate Baghdad’s ability to sell the oil Kirkuk produces. Baghdad, recognizing its constraints, could offer the KRG joint administration of the oil resources or continue transit contracts with it to distribute Iraq’s oil wealth. Alternatively, it could shut off production in Kirkuk to increase financial pressure on the Kurdish government. Thus, there’s the chance that Iraq’s northern oil exports — which amount to around 550,000
barrels per day — could decline by as much as 300,000 bpd. In the long run, Baghdad hopes to boost Kirkuk’s production to above 1 million bpd.
What will KRG President Massoud Barzani and his party, the KDP, do next?
The loss of control over parts of Kirkuk will weaken the KRG’s position, but it will weaken the KDP even more. Barzani was already facing criticism for extending his presidential mandate that originally was set to end in August 2015. Though he has supported parliamentary and presidential elections scheduled for Nov. 1, it’s not clear that they will actually be held. To rebuild some of his support, Barzani could tap into nationalistic sentiments by painting pro-PUK segments of the peshmerga, which withdrew from Kirkuk when Baghdad entered, as traitors and by holding fast to his calls for Kurdish independence from Iraq. It’s more likely, however, that the weakened KDP will reduce its demands on Baghdad to facilitate negotiations…
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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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