Dinar Daily NEWS Blog – June 23rd

Abadi: Soon we will announce the complete restoration of Mosul

Prime Minister Haidar al-Abadi said that Saudi officials stressed that the strength of Iraq is in the interest of Riyadh, adding that in a few days we will announce the restoration of Mosul in full.

Abadi said during a press briefing today on his tour to a number of neighboring countries. He pointed out that these countries praised the efforts of Iraq, especially in combating the organization of the preachers and the victories achieved by the security forces, adding that Iraq has returned to its real position among the countries of the world.

Abadi pointed to the Kuwaiti desire to reopen the investment channels between the two countries, announcing all efforts to restore trade exchange between Iraq and Jordan after securing the border crossings between the two countries.

Abadi stressed the independence of the judiciary and non-interference in his work despite the attempt of some to withdraw them to this path, stressing the restoration of Mosul in full is only a matter of a few days and is announced.

Read more: http://www.dinarupdates.com/showthread.php?50820-Abadi-Soon-we-will-announce-the-complete-restoration-of-Mosul

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“Flash Cast LIVE” – Tuesday (the 21st) w/BGG

Click here for Video Replay

______________________________________________________________

Kaperoni (Dinar Guru) –   “CBI website has a new look!”   This is a good sign. I know it’s easy to just assume they are remodeling there website..but I think its much more. With all the speculation that the banking system must open up to perpetuate international activities to support global investment, this new website to me is much more polished, professional and institutional. We could be getting closer.

Read more: http://www.dinarupdates.com/observer/
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Chattels (Dinar Guru) –  “CBI website has a new look!”    “H.E Mr. Ali Muhsin Ismail / Acting Governor and Head of the Executive Board”  I believe that the reference to Ismail as the “acting governor” is a change.

Read more: http://www.dinarupdates.com/observer/
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Britain: Iraq is restoring its regional, international status

Iraq is restoring its regional and international status after so many sacrifices the country has given, British ambassador to Iraq Frank Baker said Wednesday during a meeting with Iraqi Parliament speaker Salim al-Jabouri.

Al-Jabouri said the international community must increase support to Iraq, especially in medical aid as displacement crisis is exacerbating.

The two sides discussed the latest developments in Iraq and the Middle East region as well as the means to cooperate in fighting terrorism.

The British ambassador praised the two countries’ special relations, noting that Britain will continue to support Iraq in its war against terrorism.

This comes as the offensive launched on 19th of February by the US-backed Iraqi forces, supported by the Iranian-backed sectarian IMIS Shiite militias, to oust ISIS terrorists from Mosul, their last major stronghold in Iraq is nearing its end.

Read more: http://www.dinarupdates.com/showthread.php?50735-Britain-Iraq-is-restoring-its-regional-international-status

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MilitiaMan (Dinar Guru) –   The UNSC Doc published just under three weeks ago this Friday told us all, that there was going to be an action within June 2016 [2017 ?]. That action has a time line by and or before the end of the month. That action is a reaction to things accomplished or that action wouldn’t have even been mentioned.  The UNSC escrow account is being funded or well closed out if you will. End game, symbolically. That has meaning that is profound!  The Oil for Food program is to be done and gone for ever…  I may be wrong, but, that imo is Chapter 7 done in regards to MR and acceptance of Article 8 is in effect or will be, once in synchronization.   [post 1 of 3….stay tuned]

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

______________________________________________________________

Enorrste (Dinar Guru) –    [The debate continues….]   Each of us is looking at a different set of numbers. In any case, I would personally take Keywords at his word, regardless of the numbers.  Saleh’s statement is sort of like Trump’s “I hope” statement. “Like a hard curency” is not the same as “world reserve currency” in my view.  I believe that, unless Planet X wipes us out in the next year or so, the dinar will become a world recognized currency. When is another question entirely. I started this over 10 years ago and am still waiting for it to just start, let alone finish.  [reference Guru mike’s post 6-20-2017….will the debate continue?]

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

______________________________________________________________

Follow us on twitter @DinarUpdates !!

follow Dinar Updates on twitterDinar Updates – Round Table Call w/BGG & Company – June 27th 8:00pm CST – Dial in – 641-715-3640 pin# 528733

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______________________________________________________________

Iraq PM Haider Abadi says Mosul liberation within few days

Iraqi Prime Minister Haider Abadi said on Thursday the Iraqi armed forces would fully liberate Mosul from ISIS terrorists within a few days, The Baghdad Post reported.

Iraqi army, backed by the US-led international coalition, launched on Feb.19th an offensive to recapture Mosul’s right bank from ISIS grip.

Iran-allied IMIS militias are supporting the Iraqi army.

Mosul fell to ISIS in 2014.

Iraqi former PM Nouri al-Maliki faces accusations of colluding with the terror group.

Read more: http://www.dinarupdates.com/showthread.php?50790-Iraq-PM-Haider-Abadi-says-Mosul-liberation-within-few-days

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We shall never know all the good that a simple smile can do.  Mother Teresa

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High security measures and cutting roads leading to Tahrir Square in central Baghdad

A security source said on Friday that the security forces began to close some roads leading to Tahrir Square in conjunction with the influx of demonstrators to the scene in central Baghdad.

The source told “Al-Ghad Press” that “the security forces began cutting off some roads leading to Tahrir Square in central Baghdad, to protect demonstrators and prevent the occurrence of security breaches.”

He added that “security forces deployed in the streets near the square, and cut the road on vehicles, to protect the demonstrations that may be launched tonight,” stressing that “the forces tightened its security measures for fear of the demonstrators.”

The Tahrir Square in the capital Baghdad, large demonstrations on most Fridays, in order to demand the reform and the expulsion of spoilers from the government, and the latest change the Electoral Commission.

Read more:  http://www.dinarupdates.com/showthread.php?50859-High-security-measures-and-cutting-roads-leading-to-Tahrir-Square-in-central-Baghdad

______________________________________________________________

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Basra airport management announces the launch of a new air line with Antalya International Airport

The airport has witnessed the opening of an air route between the province and the Turkish city of Antalya. The airport is in a state of continuous expansion and it receives tens of thousands of passengers every month, the airport administration said.

Airport Director Samir Younis said that the air route was inaugurated today between Basra International Airport and Antalya International Airport, with one journey to transport the passengers weekly, pointing out that the new route represents the second destination to Turkey, where there is a passenger line between Basra and Istanbul.

Yunus pointed out that the plane that carried out the first flight to Antalya International Airport is a type of (Boeing 737) owned by Iraqi Airways and leased to a private company, adding that Basra International Airport is witnessing a significant expansion in its work, where he received more than 150 thousand passengers during the previous two months , And is expected to receive the same number in the next few weeks due to increased travel coincides with the summer vacation.

The airport manager said that Qatar Airways will increase the number of flights through Basra International Airport starting from the beginning of next month from ten flights a week to 14 flights, adding that the Egyptian airline is expected to travel in the near future between Basra International Airport and Cairo International Airport .

The Basra International Airport, established in the 1980s by a German company is the second largest airport in Iraq, with a maximum design capacity of 2.5 million passengers annually, and now includes offices belonging to airlines, including Iraqi Airways, Royal Jordanian Airlines, Turkish Airlines, Flydubai, UAE Airways and Qatar Airways, as well as domestic flights, as well as direct flights to Cairo, Beirut, Amman, Damascus, Dubai, Mashhad, Baku and Istanbul.

Read more:  http://www.dinarupdates.com/showthread.php?50791-Basra-airport-management-announces-the-launch-of-a-new-air-line-with-Antalya-Internat

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The cabinet approves the draft supplementary budget law for 2017 and votes on decisions that are mostly economic

The Council of Ministers held its regular session on Thursday under the chairmanship of Prime Minister Haider Abadi.

Baker Bayan issued by the Iraqi government that the Council of Ministers approved the draft bill for the federal supplementary budget for the fiscal year 2017 and referred to the House of Representatives.

The House of Representatives voted on (7 December 2016) on the budget of 2017 all of its articles.

During the meeting, the vote on the national housing project in Maysan province, where the National Investment Authority grant and issue an investment license based on the memorandum of understanding between the province of Maysan and a number of companies.

The statement added that the board of directors’ system was voted in the educational hospital, as well as in the health departments in the provinces.
The statement added that the Council of Ministers voted on the system of selling and renting real estate and state land, and the public sector for investment purposes and control.

The draft law on graft was voted on.

The statement said that the Council voted on the framework document for the general national plan for reconstruction, as was approved the draft bill for the federal supplementary budget for fiscal year 2017 and referred to the House of Representatives.

Read more: http://www.dinarupdates.com/showthread.php?50793-The-cabinet-approves-the-draft-supplementary-budget-law-for-2017-and-votes-on-decisio
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BGG (Dinar Guru) –   “Our economy is space. Monetary policy is an example”  The…article is a VERY HARD translation – BUT IMHO FILLED with DEAD GIVE-AWAYS!  …for those pouting about not being rich yet – this is one more log on the FIRE!  What it means is – they are doing things (up until now) this economist doesn’t understand and can’t explain.  Quotes:  “…we urgently need a new economic philosophy that leads to generating development And to expand the supply and demand for local production in all its variants, especially in an important aspect of monetary policy is dealing with the value of the development of the dinar or the liberation of the value of the dinar...”  “The liberalization or floating of the currency is not strange or innovative in the money market, it is a tool of the monetary policy…”  BOOOOM…That’s all I have to say. That is a DIRECT narrative on the state of the currency value in Iraq. This was published yesterday.  Cannot be anymore direct.

Read more: http://www.dinarupdates.com/observer
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Iraq’s oil exports in June near May level, oil minister says

Iraq’s oil exports from fields owned by the central government in Baghdad are at around 3.27 million barrels per day (bpd) so far in June, about the same level as in May, Oil Minister Jabar al-Luaibi said on Thursday.

Total exports for all fields in Iraq, those of Baghdad and the Kurdish region in the north, have averaged 3.8 million bpd so far in June, he told Reuters in the southern oil city of Basra. The country as a whole is producing about 4.315 million bpd, he said.

Kurdish exports are running at about 520,000 to 530,000 bpd so far this month, he said.

Iraq is in “quiet negotiations” with foreign oil companies operating in Iraq to amend their services contract, he said, declining to give more details.

The country wants to change the terms of the contracts it deems no longer in its favor after oil prices collapsed three years ago, when they were in excess of $100 per barrel, to about $45 per barrel now.

Oil prices should start recovering by the end of July, to reach $54 to $56 a barrel by the end of the year, Luaibi said.

Iraq is the Organization of the Petroleum Exporting Countries’ second oil producer, after Saudi Arabia. The group in May rolled over an agreement to cut oil production with other exporting nations, until March, in order to support oil prices.

“Iraq supports the agreement that we reached; if developments happen contrary to OPEC’s interests, the (OPEC) ministers will hold an extraordinary meeting,” he said.
Iraq will continue developing its production capacity and will start executing a sea water injection project in its oilfields at the end of the year, even without an agreement with Exxon (XOM.N), he said.

“We are now in talks with Exxon Mobil, if we don’t reach an agreement, we have other options,” he said.

Read more: http://www.dinarupdates.com/showthread.php?50806-Iraq%92s-oil-exports-in-June-near-May-level-oil-minister-says

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Iraqi Dinar/Dollar auction 06-21-17 (most recent listing)

Currency Auctions Announcement No. 3470

This daily currency auction was held in the Central Bank of Iraq on the 06-21-2017

DETAILS NOTES
Number of banks 39
Number of remittance companies 10
Amount sold at auction price (US$) 159,617,756
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 159,617,756
Total offers for selling (US$) —–

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

______________________________________________________________

CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1325.962 1325.299
British pound GBP 1515.757 1514.999
Canadian dollar CAD 895.884 895.436
Swiss franc CHF 1219.613 1219.003
Swedish krona SEK 135.962 135.894
Norwegian krone NOK 140.286 140.216
Danish krone DKK 178.289 178.200
Japanese yen JPY 10.663 10.657
Special
Drawing Rights
SDR 1636.868 1636.050

Indicative rates – 06.21.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – June 22nd

The Iraqi Stock Exchange is suspended for 5 days

The market said in a statement that due to the approaching Eid al-Fitr, the Board of Governors decided not to organize trading sessions for days from June 25 to June 29 to coincide with the Eid al-Fitr holiday.

The market said that the first trading session in the Iraqi market for securities will be after the Eid al-Fitr and from Sunday, the second day of August 2014.

The Iraqi market for securities was established in June 2004, and was previously relied on manual trading. In April 2009, electronic trading was partially approved by some companies and electronic trading started for companies registered in 2010. The market is traded in 101 companies belonging to eight sectors Banking, industrial, hotel, tourism, agricultural, investment and insurance, in addition to communications.

Read more: http://www.dinarupdates.com/showthread.php?50773-The-Iraqi-Stock-Exchange-is-suspended-for-5-days

______________________________________________________________

“Flash Cast LIVE” – Tuesday (the 21st) w/BGG

Click here for Video Replay

______________________________________________________________

Britain: Iraq is restoring its regional, international status

Iraq is restoring its regional and international status after so many sacrifices the country has given, British ambassador to Iraq Frank Baker said Wednesday during a meeting with Iraqi Parliament speaker Salim al-Jabouri.

Al-Jabouri said the international community must increase support to Iraq, especially in medical aid as displacement crisis is exacerbating.

The two sides discussed the latest developments in Iraq and the Middle East region as well as the means to cooperate in fighting terrorism.

The British ambassador praised the two countries’ special relations, noting that Britain will continue to support Iraq in its war against terrorism.

This comes as the offensive launched on 19th of February by the US-backed Iraqi forces, supported by the Iranian-backed sectarian IMIS Shiite militias, to oust ISIS terrorists from Mosul, their last major stronghold in Iraq is nearing its end.

Read more: http://www.dinarupdates.com/showthread.php?50735-Britain-Iraq-is-restoring-its-regional-international-status

______________________________________________________________

MilitiaMan (Dinar Guru) –   The UNSC Doc published just under three weeks ago this Friday told us all, that there was going to be an action within June 2016 [2017 ?]. That action has a time line by and or before the end of the month. That action is a reaction to things accomplished or that action wouldn’t have even been mentioned.  The UNSC escrow account is being funded or well closed out if you will. End game, symbolically. That has meaning that is profound!  The Oil for Food program is to be done and gone for ever…  I may be wrong, but, that imo is Chapter 7 done in regards to MR and acceptance of Article 8 is in effect or will be, once in synchronization.   [post 1 of 3….stay tuned]

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

______________________________________________________________

Enorrste (Dinar Guru) –    [The debate continues….]   Each of us is looking at a different set of numbers. In any case, I would personally take Keywords at his word, regardless of the numbers.  Saleh’s statement is sort of like Trump’s “I hope” statement. “Like a hard curency” is not the same as “world reserve currency” in my view.  I believe that, unless Planet X wipes us out in the next year or so, the dinar will become a world recognized currency. When is another question entirely. I started this over 10 years ago and am still waiting for it to just start, let alone finish.  [reference Guru mike’s post 6-20-2017….will the debate continue?]

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

______________________________________________________________

Follow us on twitter @DinarUpdates !!

follow Dinar Updates on twitterDinar Updates – Round Table Call w/BGG & Company – June 22nd 8:00pm CST – Dial in – 641-715-3640 pin# 528733

www.DinarUpdates.com – save as favorite

______________________________________________________________

Iraq PM Haider Abadi says Mosul liberation within few days

Iraqi Prime Minister Haider Abadi said on Thursday the Iraqi armed forces would fully liberate Mosul from ISIS terrorists within a few days, The Baghdad Post reported.

Iraqi army, backed by the US-led international coalition, launched on Feb.19th an offensive to recapture Mosul’s right bank from ISIS grip.

Iran-allied IMIS militias are supporting the Iraqi army.

Mosul fell to ISIS in 2014.

Iraqi former PM Nouri al-Maliki faces accusations of colluding with the terror group.

Read more: http://www.dinarupdates.com/showthread.php?50790-Iraq-PM-Haider-Abadi-says-Mosul-liberation-within-few-days

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We shall never know all the good that a simple smile can do.  Mother Teresa

______________________________________________________________

The most important and most prominent speech by the Prime Minister Dr. Haider Abadi at the press conference on Thursday, 22-6-2017

================
– Our troops are now inside the old connector alleys and soon we will announce the final victory over the preacher.

– Al-Daash announced their end by themselves after they destroyed the Hadba Lighthouse and Al-Nouri Mosque.

– We will not keep an impact for gangs in Iraq.

– We will rebuild everything that was demolished by the same spirit and restore our monuments and our mosques, which have messed up Bhoznzil effects from the land of Iraq.

– Terrorists did not succeed in discriminating against the Iraqis, but united to eliminate them and succeeded.

– The Iraqi government has contacts with humanitarian organizations concerned with humanitarian heritage and we call these organizations to help restore and restore our ravaged ruins.

Our visit to the Kingdom of Saudi Arabia, the Islamic Republic of Iran and the State of Kuwait came from the position of strength and power and there is admiration in Iraq by these countries.

– Iraqis will touch on the results of our regional tour in the future, especially in the fight against terrorism.

– Our approach is to eliminate terrorism and not to absorb it.
– Continuing cooperation between the countries of the world and in all fields to come back to the Iraqis with good.
– We are not with the policy axes Our policy at the current stage is opening up to the world to serve our people.

– Iraq is not like yesterday .. Iraq today is due to its real status among countries.
“As we fought together, we can build our country together.
– Iraq today is capable and welcome, not an aggressor.
– We want to encourage investment to return to our people well.
– We fight against corruption and illegal graft and strongly.
– We have reorganized the budget of our armed forces to meet the requirements of the stage.

– Iraq is a free and democratic country and the government does not intervene in the judiciary on the wanted and we do not allow mediation to pass his speech.
– We liberated the border triangle between Iraq and Syria to the port of Al Waleed and our path to restore the movement of passengers and trade.
– There is no good terrorism and terrorism is bad All terrorism is bad.
– Our visit to Saudi Arabia is planned since 2015.
– We have no province with anyone and we seek to build relationships with everyone based on mutual respect of our strength.

– The variety of sources of arms purchase and do not rely on one source.
– There is understanding and support for the role of the new Iraq, which is not a preference, but came from the sacrifices of the Iraqis and their unity in the fight against the Dahesh.

– Our unity and strength in the face of terrorism will depend on it in the development process after the stage of urging.
– The world is surprised and impressed by the Iraqi stand and unite them all in the fight against terrorism.

Different translation –
The most important and highlighted what Mr. Prime Minister Dr. Haider Al-Abadi in press conference today Thursday 22-6-2017
================

– our troops now within the old neighborhoods of Mosul and soon we will announce the final victory over ISIS.

– ISIS declared their end by themselves after they demolished humpback beacon league with noori.

I will not keep track. The bands of ISIS in Iraq.

– we’ll rebuild everything torn down ISIS in the same spirit and restoring our tracks and mosques which limits! We will remove their tracks from the land of Iraq.

– didn’t work on Iraqi terrorists but we teamed up to defeat them, and we succeed.

The Iraqi government has connections to the humanitarian organizations and interested in humanitarian legacy we invite these organizations to help in restoring and repairing our tracks that had been ravaged by terrorism

– our visit to Saudi Arabia and the Islamic Republic of Iran and the state of Kuwait came from a position of power and competence and there likes in Iraq before these states.

– Touches The Iraqis regional tour future outcomes especially in the fight against terrorism.

– our approach to eradicate terrorism and not absorbed.

– continued co-operation between the nations of the world and in all areas to get back on the Iraqis.

– not with hubs policy policy at the current stage is open to the world of service to our people.

– Iraq not like yesterday.. Iraq today is back to its true place among states.

– as we fight terrorism together we can build our country together.

– Iraq today capable and welcome and not smug.

– we want to encourage investment to return to our people.

– working on fighting corruption and racketeering and strongly.

– reorganised balancing our armed forces to meet the requirements phase.

– Iraq country free and democratic government and judiciary don’t join in on the most wanted nor allow mediation let’s eliminate his word.

– FREE US TRI-border area between Iraq and Syria to port al waleed and secure way to restore the movement of passengers and trade.

– there is no good terrorism, terrorism, and terrorism is bad all bad.

– our visit to Saudi Arabia planned since 2015.

– we don’t have one with county and seeking to build relationships with everyone based on mutual respect from the site of our strength.

– what kind of sources to buy weapons and not rely on one source.

– out there understand the assignment and got the new Iraq and he’s not here but came from the sacrifices of Iraqis, unity in the fight against ISIS.

– our unity and our strength in the face of terrorism we will adopt her in development stage after ISIS.

– world impressed and stance of Iraqis and glue them all in the fight against terrorism.

Read more:  http://www.dinarupdates.com/showthread.php?50796-The-most-important-and-most-prominent-speech-by-the-Prime-Minister-Dr-Haider-Abadi

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Click this link to join the DU “private” FaceBook Group…

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

______________________________________________________________

Basra airport management announces the launch of a new air line with Antalya International Airport

The airport has witnessed the opening of an air route between the province and the Turkish city of Antalya. The airport is in a state of continuous expansion and it receives tens of thousands of passengers every month, the airport administration said.

Airport Director Samir Younis said that the air route was inaugurated today between Basra International Airport and Antalya International Airport, with one journey to transport the passengers weekly, pointing out that the new route represents the second destination to Turkey, where there is a passenger line between Basra and Istanbul.

Yunus pointed out that the plane that carried out the first flight to Antalya International Airport is a type of (Boeing 737) owned by Iraqi Airways and leased to a private company, adding that Basra International Airport is witnessing a significant expansion in its work, where he received more than 150 thousand passengers during the previous two months , And is expected to receive the same number in the next few weeks due to increased travel coincides with the summer vacation.

The airport manager said that Qatar Airways will increase the number of flights through Basra International Airport starting from the beginning of next month from ten flights a week to 14 flights, adding that the Egyptian airline is expected to travel in the near future between Basra International Airport and Cairo International Airport .

The Basra International Airport, established in the 1980s by a German company is the second largest airport in Iraq, with a maximum design capacity of 2.5 million passengers annually, and now includes offices belonging to airlines, including Iraqi Airways, Royal Jordanian Airlines, Turkish Airlines, Flydubai, UAE Airways and Qatar Airways, as well as domestic flights, as well as direct flights to Cairo, Beirut, Amman, Damascus, Dubai, Mashhad, Baku and Istanbul.

Read more:  http://www.dinarupdates.com/showthread.php?50791-Basra-airport-management-announces-the-launch-of-a-new-air-line-with-Antalya-Internat

______________________________________________________________

The cabinet approves the draft supplementary budget law for 2017 and votes on decisions that are mostly economic

The Council of Ministers held its regular session on Thursday under the chairmanship of Prime Minister Haider Abadi.

Baker Bayan issued by the Iraqi government that the Council of Ministers approved the draft bill for the federal supplementary budget for the fiscal year 2017 and referred to the House of Representatives.

The House of Representatives voted on (7 December 2016) on the budget of 2017 all of its articles.

During the meeting, the vote on the national housing project in Maysan province, where the National Investment Authority grant and issue an investment license based on the memorandum of understanding between the province of Maysan and a number of companies.

The statement added that the board of directors’ system was voted in the educational hospital, as well as in the health departments in the provinces.
The statement added that the Council of Ministers voted on the system of selling and renting real estate and state land, and the public sector for investment purposes and control.

The draft law on graft was voted on.

The statement said that the Council voted on the framework document for the general national plan for reconstruction, as was approved the draft bill for the federal supplementary budget for fiscal year 2017 and referred to the House of Representatives.

Read more: http://www.dinarupdates.com/showthread.php?50793-The-cabinet-approves-the-draft-supplementary-budget-law-for-2017-and-votes-on-decisio
_____________________________________________________________

BGG (Dinar Guru) –   “Our economy is space. Monetary policy is an example”  The…article is a VERY HARD translation – BUT IMHO FILLED with DEAD GIVE-AWAYS!  …for those pouting about not being rich yet – this is one more log on the FIRE!  What it means is – they are doing things (up until now) this economist doesn’t understand and can’t explain.  Quotes:  “…we urgently need a new economic philosophy that leads to generating development And to expand the supply and demand for local production in all its variants, especially in an important aspect of monetary policy is dealing with the value of the development of the dinar or the liberation of the value of the dinar...”  “The liberalization or floating of the currency is not strange or innovative in the money market, it is a tool of the monetary policy…”  BOOOOM…That’s all I have to say. That is a DIRECT narrative on the state of the currency value in Iraq. This was published yesterday.  Cannot be anymore direct.

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

Iraq’s oil exports in June near May level, oil minister says

Iraq’s oil exports from fields owned by the central government in Baghdad are at around 3.27 million barrels per day (bpd) so far in June, about the same level as in May, Oil Minister Jabar al-Luaibi said on Thursday.

Total exports for all fields in Iraq, those of Baghdad and the Kurdish region in the north, have averaged 3.8 million bpd so far in June, he told Reuters in the southern oil city of Basra. The country as a whole is producing about 4.315 million bpd, he said.

Kurdish exports are running at about 520,000 to 530,000 bpd so far this month, he said.

Iraq is in “quiet negotiations” with foreign oil companies operating in Iraq to amend their services contract, he said, declining to give more details.

The country wants to change the terms of the contracts it deems no longer in its favor after oil prices collapsed three years ago, when they were in excess of $100 per barrel, to about $45 per barrel now.

Oil prices should start recovering by the end of July, to reach $54 to $56 a barrel by the end of the year, Luaibi said.

Iraq is the Organization of the Petroleum Exporting Countries’ second oil producer, after Saudi Arabia. The group in May rolled over an agreement to cut oil production with other exporting nations, until March, in order to support oil prices.

“Iraq supports the agreement that we reached; if developments happen contrary to OPEC’s interests, the (OPEC) ministers will hold an extraordinary meeting,” he said.
Iraq will continue developing its production capacity and will start executing a sea water injection project in its oilfields at the end of the year, even without an agreement with Exxon (XOM.N), he said.

“We are now in talks with Exxon Mobil, if we don’t reach an agreement, we have other options,” he said.

Read more: http://www.dinarupdates.com/showthread.php?50806-Iraq%92s-oil-exports-in-June-near-May-level-oil-minister-says

______________________________________________________________

Iraqi Dinar/Dollar auction 06-21-17 (most recent listing)

Currency Auctions Announcement No. 3470

This daily currency auction was held in the Central Bank of Iraq on the 06-21-2017

DETAILS NOTES
Number of banks 39
Number of remittance companies 10
Amount sold at auction price (US$) 159,617,756
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 159,617,756
Total offers for selling (US$) —–

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

______________________________________________________________

CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1325.962 1325.299
British pound GBP 1515.757 1514.999
Canadian dollar CAD 895.884 895.436
Swiss franc CHF 1219.613 1219.003
Swedish krona SEK 135.962 135.894
Norwegian krone NOK 140.286 140.216
Danish krone DKK 178.289 178.200
Japanese yen JPY 10.663 10.657
Special
Drawing Rights
SDR 1636.868 1636.050

Indicative rates – 06.21.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – June 21st

ISO (International Standards Organization)

Economy News _ Baghdad: Yasser mutawalli ISO landmark franchise and get global companies as a testament discretionary do not need to review or doubt .. When you read ISO on any product you can adopt it and use it without any doubt or scrutiny.

Trade Bank of Iraq won this prestigious for the first time in Iraq certificate and the first institution of the financial and banking sector institutions.

This major in the performance of the Transitional Bank but confirms the Iraqi ability to improve the achievements of acclaimed.

The most important event that Mafi ISO missed the final race before and after the phase change.

This means the accomplishment of the Iraqi Bank Tjarhbkiedth Cheba and his team was able to revive this coherent favorite certificate internationally in dealing with the product obtained.

We hope that the production and service companies that Thzouhdhu this done, but now the doors wide open as long as the Iraqi Trade Bank to lift the siege on the monopoly of this certificate outside the walls of Iraq.

Words of thanks and praise for not enough for the Champions investigators this great victory under conditions in which the greatest need Mancon to bring our capabilities to this challenge very much hope the best to achieve this is the Iraqis didn Abah.

Read more: http://www.dinarupdates.com/showthread.php?50647-Iraq-s-army-encircles-Islamic-State-in-Mosul-s-Old-City-military
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“Flash Cast LIVE” – Tuesday (the 21st) w/BGG

Click here for Video Replay

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Iraqi forces foil IS attempt to retake liberated areas in western Mosul

Iraqi forces repelled on Tuesday an attempt by Islamic State militants to retake areas under security control in western Mosul as forces moved deeper in the group’s last enclave.

A security source told Shafaq News that Iraqi warplanes killed 23 IS members who were trying to sneak into al-Dindan district, south of the Old City, IS’s last enclave in Mosul. The source added that the militants were planning to take over government buildings including the courthouse and the local police department.

Iraqi forces took over Dindan district in March.

Iraqi forces, which invaded the medieval Old City district on Sunday, are primarily eyeing the Nuri al-Kabeer Mosque, the place where IS supreme leader Abu Bakr al-Baghdadi proclaimed taking over a third of Iraq and Syria in 2014.

Iraqi forces took over eastern Mosul in January and have been sweeping through the western side since mid February.

A few hundred IS fighters are believed to be entrenching in the Old City, seeking protection in the middle of 100.000 civilians who are believed to be used as human shields and shot dead once trying to escape.

Read more: http://www.dinarupdates.com/showthread.php?50649-Iraqi-forces-foil-IS-attempt-to-retake-liberated-areas-in-western-Mosul
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Enorrste (Dinar Guru) – Article:  “The central bank prepares banks and transfer 25 million per month”   Here is my take on this important development.  It occurred to me that what we are seeing here is a plan to use some of the reserves to reduce the money supply in Iraq. The article makes clear that there is not a corruption problem.  However, they are still putting some limits on the exchange (dinars for foreign currency).  Furthermore…the CBI is making it clear up front that the banks will not be allowed to take advantage of the public who wish to purchase foreign currency.  This means that they will be forced to give the foreign currency at the official rate rather than the market rate.  As word of this gets out there will be more and more people who will want to surrender their dinars at that rate, thus saving many dinars by getting the foreign currency below the market rate.   [post 1 of 3….stay tuned]

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

______________________________________________________________

MadDScout (Dinar Guru) –   Article:  “The Association of Private Banks appoints a temporary chairman”   Quote:  “the president of the association was accused by specialists on many charges, including providing false information to the Central Bank of Iraq to achieve personal benefits…”  I like this one because it speaks to internal house cleaning…House cleaning within the banking association.  It says that eventually being corrupt will be of no gain.

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

______________________________________________________________

Follow us on twitter @DinarUpdates !!

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______________________________________________________________

Saudi Arabia: Our hearts are open and all doors are open to economic cooperation with Iraq

Prime Minister Haidar al-Abadi discussed with Saudi King Salman Bin Abdul Aziz the strengthening of relations between Iraq and Saudi Arabia, stressing that all doors are open to cooperation with Iraq and are ready for joint cooperation in all fields.

A statement issued by the Office of Abadi said that he discussed with King Salman ways to enhance cooperation and develop relations between Iraq and Saudi Arabia in all fields.
King Salman expressed his heartfelt congratulations to the Prime Minister and his accompanying delegation. He said that our hearts are open and all doors are open to cooperation with Iraq and are ready to help and cooperate in economic, trade, borders, private sector, businessmen and mutual interests.

Read more: http://www.dinarupdates.com/showthread.php?50646-Saudi-Arabia-Our-hearts-are-open-and-all-doors-are-open-to-economic-cooperation

______________________________________________________________

Be courteous to all, but intimate with few, and let those few be well tried before you give them your confidence. George Washington

______________________________________________________________

Governor of Diyala to British Ambassador: Our doors are open to your companies and investors

Baghdad – Journal The Governor of Diyala Muthanna Tamimi during a meeting with British Ambassador in Baghdad, Frank Baker, the readiness of his province to receive British companies and investors, to contribute to the implementation of projects and construction and reconstruction are available.

A statement issued by Al-Tamimi’s office received a copy of the Journal News that the governor briefed the British ambassador on Diyala’s economic, investment and investment opportunities.

Tamimi said in the meeting, the readiness of his province to receive British investment companies, especially that “the stability of the security situation in Diyala will encourage to bring investors to it.”

While the British ambassador expressed his country’s readiness to provide assistance in the file of reconstruction and investment projects in the whole of Diyala.

Diyala province is witnessing security and economic stability after the liberation of the areas controlled by “Dahesh” during the year 2014.

Read more:  http://www.dinarupdates.com/showthread.php?50667-Governor-of-Diyala-to-British-Ambassador-Our-doors-are-open-to-your-companies-and-in

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______________________________________________________________

The first investment conference was held for the end of July

Trend Press / Baghdad The Chairman of the Sub-Committee for Investment in the House of Representatives Burhan Mamouri agreed with the National Investment Commission to hold a special investment conference in Diyala province to view all investment opportunities in the province and in various sectors.

Al-Maamouri said in a statement received by “Trend Press” on a copy of it, “he met with the President of the National Investment Commission Sami Araji and it was agreed to hold a special investment conference in Diyala in late July or early August, which will be presented all the investment opportunities available in the province and include various sectors “Agricultural, industrial, health, education, transport, public services, infrastructure projects, housing,” noting that “a committee formed in the National Investment Commission for the preparation and urbanization of this conference.”

He added that “the trend towards investment is the only solution to improve the service and urban reality of the province and funding new projects in the field of infrastructure and job creation for young people, especially in the light of low oil prices and the absence of a state budget to finance these projects, noting that the province and during the past three years did not receive any Amounts within the general budget, which led to the cessation of all projects and the inability to maintain the service needs of citizens with increasing population growth in addition to the widespread phenomenon of unemployment among young people.

Al-Mamouri said that the committee of economy and investment parliamentary was able to complete the new investment law and vote on it in the House of Representatives, which is one of the best investment laws since the emergence of the Iraqi state, where exceeded all previous problems that were impeding the process of investment in all areas and provided facilities and privileges for large domestic and foreign investors And work at the beginning of a single window in coordination with the National Investment Commission. ”

He called on “all local and foreign investors to participate in the conference and to see the investment opportunities available in the province of Diyala, noting that the province has a large natural and human resources and a location that allows it to play an important role in the trade process being the link between the north and center of the country and has border crossings with The Islamic Republic of Iran in addition to its proximity to the capital Baghdad. ”

Read more: http://www.dinarupdates.com/showthread.php?50378-The-first-investment-conference-was-held-for-the-end-of-July

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Election of Iraq to the Governing Council of the International Labor Organization

Trend Press / Baghdad The State Department announced on Thursday that Iraq was elected as an alternate member of the ILO Governing Body for the 2017-2020 term for the West Asian Group.

“Iraq was elected an alternate member of the ILO Governing Body for the period 2017-2020 for the West Asia Sub-Group during the elections held during the 106th Session of the International Labor Conference At the organization’s headquarters in Geneva. ”

The statement added that “Iraq has 210 votes out of 253 votes, although the number of votes required on the complex is 127, which makes the second Iraq on his group (ASPAG).”

The statement said that “this victory in the framework of the efforts of the State Department to mobilize international support and support to restore Iraq to its leading position in the international community and access to advanced positions in the United Nations and its competent agencies.”

Read more: http://www.dinarupdates.com/showthread.php?50379-Election-of-Iraq-to-the-Governing-Council-of-the-International-Labor-Organization
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BGG (Dinar Guru) –   “Our economy is space. Monetary policy is an example”  The…article is a VERY HARD translation – BUT IMHO FILLED with DEAD GIVE-AWAYS!  …for those pouting about not being rich yet – this is one more log on the FIRE!  What it means is – they are doing things (up until now) this economist doesn’t understand and can’t explain.  Quotes:  “…we urgently need a new economic philosophy that leads to generating development And to expand the supply and demand for local production in all its variants, especially in an important aspect of monetary policy is dealing with the value of the development of the dinar or the liberation of the value of the dinar...”  “The liberalization or floating of the currency is not strange or innovative in the money market, it is a tool of the monetary policy…”  BOOOOM…That’s all I have to say. That is a DIRECT narrative on the state of the currency value in Iraq. This was published yesterday.  Cannot be anymore direct.

Read more: http://www.dinarupdates.com/observer
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Grant for the development of Iraqi ports

Economy News _ Baghdad: The Ministry of Transport announced Thursday that it has received a grant from the United Nations Educational, Scientific and Cultural Organization (UNESCO) for the rehabilitation and development of ports in the country.

The Director of Media Iraqi Ports Company of the Ministry, Nimr Abdel-Moneim net in a press statement received by “Economy News”, “The company is in receipt of a grant by the United Nations (UNICTAD) of the United Nations, to develop the reality of ports in the country, Lists the needs and requirements of all ports, in addition to the requirements of the Institute of ports of equipment and training devices, noting that the Institute continues to establish training courses to develop the capabilities of the staff working in this area.

He added that the company is working within the framework of an expanded plan to develop and qualify all ports in the country in order to raise the financial revenues of the company in particular and the treasury of the state in general, pointing out at the same time that it intends to establish a container terminal at the port of Faw after the arrival of the project of the Caspian East and West stages Advanced achievement “.

Al-Safi pointed out that “the company has implemented several projects during the past period, contributed to improving the financial reality, including projects, the establishment of new berths and improve the depth drilling to allow the entry of giant vessels to increase the movement of trade.”

He explained that “ports are at the time besieging an important commercial center in the transport of goods, especially as the country enjoys an important strategic position, which contributes to the increase of ports, which is becoming an important economic resource for the country and provide job opportunities for the unemployed.

The province of Basra has a number of ports, Umm Qasr, Khor al-Zubayr and Abu Flus, and the stronghold, while work is underway on the completion of the port of Faw to be one of the largest ports in the region.

Read more: http://www.dinarupdates.com/showthread.php?50373-Grant-for-the-development-of-Iraqi-ports
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Iraqi Dinar/Dollar auction 06-21-17 (most recent listing)

Currency Auctions Announcement No. 3470

This daily currency auction was held in the Central Bank of Iraq on the 06-18-2017

DETAILS NOTES
Number of banks 39
Number of remittance companies 10
Amount sold at auction price (US$) 159,617,756
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 159,617,756
Total offers for selling (US$) —–

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

______________________________________________________________

CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1325.962 1325.299
British pound GBP 1515.757 1514.999
Canadian dollar CAD 895.884 895.436
Swiss franc CHF 1219.613 1219.003
Swedish krona SEK 135.962 135.894
Norwegian krone NOK 140.286 140.216
Danish krone DKK 178.289 178.200
Japanese yen JPY 10.663 10.657
Special
Drawing Rights
SDR 1636.868 1636.050

Indicative rates – 06.21.2017

http://www.cbi.iq

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

Thanks – BGG!!

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Posted in Daily Dinar Updates | Tagged , , , , , , , , , , , , , , , , , , , , | Comments Off on Dinar Daily NEWS Blog – June 21st

Dinar Daily NEWS Blog – June 20th

Iraq’s army encircles Islamic State in Mosul’s Old City: military

Iraq’s army said it encircled Islamic State’s stronghold in the Old City of Mosul on Tuesday after taking over an area to the north of the territory.

The army’s 9th armored division seized al-Shifaa district alongside the western bank of the Tigris river, a military statement said.

The fall of Shifaa means the Old City in the eastern half of Mosul is now surrounded by U.S.-backed government forces, deployed north, west, south and across the river.

Read more: http://www.dinarupdates.com/showthread.php?50647-Iraq-s-army-encircles-Islamic-State-in-Mosul-s-Old-City-military

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Follow us on twitter @DinarUpdates !!

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______________________________________________________________

Iraqi forces foil IS attempt to retake liberated areas in western Mosul

Iraqi forces repelled on Tuesday an attempt by Islamic State militants to retake areas under security control in western Mosul as forces moved deeper in the group’s last enclave.

A security source told Shafaq News that Iraqi warplanes killed 23 IS members who were trying to sneak into al-Dindan district, south of the Old City, IS’s last enclave in Mosul. The source added that the militants were planning to take over government buildings including the courthouse and the local police department.

Iraqi forces took over Dindan district in March.

Iraqi forces, which invaded the medieval Old City district on Sunday, are primarily eyeing the Nuri al-Kabeer Mosque, the place where IS supreme leader Abu Bakr al-Baghdadi proclaimed taking over a third of Iraq and Syria in 2014.

Iraqi forces took over eastern Mosul in January and have been sweeping through the western side since mid February.

A few hundred IS fighters are believed to be entrenching in the Old City, seeking protection in the middle of 100.000 civilians who are believed to be used as human shields and shot dead once trying to escape.

Read more: http://www.dinarupdates.com/showthread.php?50649-Iraqi-forces-foil-IS-attempt-to-retake-liberated-areas-in-western-Mosul
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Enorrste   Article:  “The central bank prepares banks and transfer 25 million per month”   Here is my take on this important development.  It occurred to me that what we are seeing here is a plan to use some of the reserves to reduce the money supply in Iraq. The article makes clear that there is not a corruption problem.  However, they are still putting some limits on the exchange (dinars for foreign currency).  Furthermore…the CBI is making it clear up front that the banks will not be allowed to take advantage of the public who wish to purchase foreign currency.  This means that they will be forced to give the foreign currency at the official rate rather than the market rate.  As word of this gets out there will be more and more people who will want to surrender their dinars at that rate, thus saving many dinars by getting the foreign currency below the market rate.   [post 1 of 3….stay tuned]

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

______________________________________________________________

MadDScout(Dinar Guru) –   Article:  “The Association of Private Banks appoints a temporary chairman”   Quote:  “the president of the association was accused by specialists on many charges, including providing false information to the Central Bank of Iraq to achieve personal benefits…”  I like this one because it speaks to internal house cleaning…House cleaning within the banking association.  It says that eventually being corrupt will be of no gain.

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

______________________________________________________________

Saudi Arabia: Our hearts are open and all doors are open to economic cooperation with Iraq

Prime Minister Haidar al-Abadi discussed with Saudi King Salman Bin Abdul Aziz the strengthening of relations between Iraq and Saudi Arabia, stressing that all doors are open to cooperation with Iraq and are ready for joint cooperation in all fields.

A statement issued by the Office of Abadi said that he discussed with King Salman ways to enhance cooperation and develop relations between Iraq and Saudi Arabia in all fields.
King Salman expressed his heartfelt congratulations to the Prime Minister and his accompanying delegation. He said that our hearts are open and all doors are open to cooperation with Iraq and are ready to help and cooperate in economic, trade, borders, private sector, businessmen and mutual interests.

Read more: http://www.dinarupdates.com/showthread.php?50646-Saudi-Arabia-Our-hearts-are-open-and-all-doors-are-open-to-economic-cooperation

______________________________________________________________

Be courteous to all, but intimate with few, and let those few be well tried before you give them your confidence. George Washington

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Iraqi gov’t to tender oil bids in Dubai stocks market

The Iraqi government is planning to tender four million barrels from Basra’s crude oil in Dubai energy stock market, a well-informed source said on Tuesday.

This will mark the first oil tender bid for Basra’s crude oil in Dubai’s stock market.

Two shipments, each consisting of two million oil barrels, will be shipped from August 26 to 28.

Read more: http://www.dinarupdates.com/showthread.php?50671-Iraqi-gov-t-to-tender-oil-bids-in-Dubai-stocks-market

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Governor of Diyala to British Ambassador: Our doors are open to your companies and investors

Baghdad – Journal The Governor of Diyala Muthanna Tamimi during a meeting with British Ambassador in Baghdad, Frank Baker, the readiness of his province to receive British companies and investors, to contribute to the implementation of projects and construction and reconstruction are available.

A statement issued by Al-Tamimi’s office received a copy of the Journal News that the governor briefed the British ambassador on Diyala’s economic, investment and investment opportunities.

Tamimi said in the meeting, the readiness of his province to receive British investment companies, especially that “the stability of the security situation in Diyala will encourage to bring investors to it.”

While the British ambassador expressed his country’s readiness to provide assistance in the file of reconstruction and investment projects in the whole of Diyala.

Diyala province is witnessing security and economic stability after the liberation of the areas controlled by “Dahesh” during the year 2014.

Read more:  http://www.dinarupdates.com/showthread.php?50667-Governor-of-Diyala-to-British-Ambassador-Our-doors-are-open-to-your-companies-and-in

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Turkey offers Iraq reconstruction of Mosul

The spokesman for the Turkish President, Ibrahim Kalin, said that Turkey is ready to help Iraq in the reconstruction of Mosul after the liberation of the militants of the “Isis” terrorist.

“We are ready after the end of the process of liberating Mosul completely to rebuild it in addition to building what is destroyed in other Iraqi cities,” Kalin told a news conference in Ankara.

It is noteworthy that the Iraqi army and security forces in addition to the popular mobilization forces headed by the airlift supported by the US-led coalition aircraft and the Iraqi air force, towards the old neighborhoods in Mosul, the last remaining under the control of the terrorist organization “Isis”.

The remaining neighborhoods under the control of the organization’s militants were announced in the western part of Mosul on May 27, and 180,000 civilians are still trapped in those neighborhoods and used by the organization’s militants as human shields.
According to the Iraqi Operations Command, only 500 terrorists remained in the city.

Read more: http://www.dinarupdates.com/showthread.php?50369-Turkey-offers-Iraq-reconstruction-of-Mosul

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BGG   [kinda get the feeling that this is never gona happen and eventually they will go to the dollar.With all the support and conversation with the IMF – WB – UN… that is not the posture they are preparing…everything they are (the above mentioned groups) projecting lately is the image of progress.

Read more:  http://www.dinarupdates.com/observer/
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BGG (Dinar Guru) –    Mosul is it… I have said all along…I would like to see what the news cycle looks like right after Mosul is done.   I had some guy message me “why is Mosul taking so long“?   They are dug in – they know they will die and have NOTHING TO LOSE…this may take just a bit..let’s all just take a breath and let this whole thing play out…and then… I also said – I want to get a feel for what the News Cycles look like after – for a week or two…this will be the tale of the tape.  …sit back…and let them do their thing…and BTW – it’s not like they haven’t told us in so many ways – what they intend to do.  They have – over and over and over and over.

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

______________________________________________________________

The first investment conference was held for the end of July

Trend Press / Baghdad The Chairman of the Sub-Committee for Investment in the House of Representatives Burhan Mamouri agreed with the National Investment Commission to hold a special investment conference in Diyala province to view all investment opportunities in the province and in various sectors.

Al-Maamouri said in a statement received by “Trend Press” on a copy of it, “he met with the President of the National Investment Commission Sami Araji and it was agreed to hold a special investment conference in Diyala in late July or early August, which will be presented all the investment opportunities available in the province and include various sectors “Agricultural, industrial, health, education, transport, public services, infrastructure projects, housing,” noting that “a committee formed in the National Investment Commission for the preparation and urbanization of this conference.”

He added that “the trend towards investment is the only solution to improve the service and urban reality of the province and funding new projects in the field of infrastructure and job creation for young people, especially in the light of low oil prices and the absence of a state budget to finance these projects, noting that the province and during the past three years did not receive any Amounts within the general budget, which led to the cessation of all projects and the inability to maintain the service needs of citizens with increasing population growth in addition to the widespread phenomenon of unemployment among young people.

Al-Mamouri said that the committee of economy and investment parliamentary was able to complete the new investment law and vote on it in the House of Representatives, which is one of the best investment laws since the emergence of the Iraqi state, where exceeded all previous problems that were impeding the process of investment in all areas and provided facilities and privileges for large domestic and foreign investors And work at the beginning of a single window in coordination with the National Investment Commission. ”

He called on “all local and foreign investors to participate in the conference and to see the investment opportunities available in the province of Diyala, noting that the province has a large natural and human resources and a location that allows it to play an important role in the trade process being the link between the north and center of the country and has border crossings with The Islamic Republic of Iran in addition to its proximity to the capital Baghdad. ”

Read more: http://www.dinarupdates.com/showthread.php?50378-The-first-investment-conference-was-held-for-the-end-of-July

______________________________________________________________

Election of Iraq to the Governing Council of the International Labor Organization

Trend Press / Baghdad The State Department announced on Thursday that Iraq was elected as an alternate member of the ILO Governing Body for the 2017-2020 term for the West Asian Group.

“Iraq was elected an alternate member of the ILO Governing Body for the period 2017-2020 for the West Asia Sub-Group during the elections held during the 106th Session of the International Labor Conference At the organization’s headquarters in Geneva. ”

The statement added that “Iraq has 210 votes out of 253 votes, although the number of votes required on the complex is 127, which makes the second Iraq on his group (ASPAG).”

The statement said that “this victory in the framework of the efforts of the State Department to mobilize international support and support to restore Iraq to its leading position in the international community and access to advanced positions in the United Nations and its competent agencies.”

Read more: http://www.dinarupdates.com/showthread.php?50379-Election-of-Iraq-to-the-Governing-Council-of-the-International-Labor-Organization
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The Iraqi parliament welcomes the adoption of trade for the first time on two articles of supply from the local product

A member of the House of Representatives Hammam Hamoudi welcomed the adoption by the Ministry of Commerce on the local product in the provision of ration card items of “sugar and edible oil” for the first time since 2003, considering it an important step towards supporting the national product and stopping the external importer.

Hamoudi stressed the need to continue this step and expand it in order to contribute to the advancement of the processing of food “Iraqi” through the factories of the national stalled and the workers sincere and adapted to the needs of the citizen.

Read more:  http://www.dinarupdates.com/showthread.php?50289-The-Iraqi-parliament-welcomes-the-adoption-of-trade-for-the-first-time-on-two-article

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Kaperoni (Dinar Guru)   […is it better for Iraq to rebuild itself at the present rate or at a re- established rate?]   …at this point and time, it does not matter what the exchange rate is regarding rebuilding…since the primary source of revenue is oil sales (95%) which is paid in dollars.  And since the dinar is not globally convertible, Iraq pays for goods in dollars.  So in that sense they are on the same playing field we are on in the US when we pay for goods.   The real benefit comes when the CBI can begin to raise the value to offset inflationary pressure created by investors and investment along with meeting  IMF Article VIII compliance.  The result will eventually give the citizens a better life, greater purchasing power and most importantly the ability for the CBI to keep its dollars and pay in dinars. 

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

______________________________________________________________

Cabinet votes to release salaries of Nineveh employees

[Asharq Al-Awsat] The Iraqi Council of Ministers voted during its weekly session on Tuesday to release the salaries of Nineveh province employees who have been found not to be linked to the organization.

A statement issued by the office of Prime Minister Haider al-Abbadi and told Ashqaf News that the vote on the release of salaries of employees of the province of Nineveh, who checked security by the security audit team of the Ministry of Interior or by the national security.

The Council also voted to approve the recommendation of the emergency meeting of the Civil Crisis Management Unit concerning the exclusion of the Ministry of Construction, Housing, Municipalities, Public Works and the Municipality of Baghdad in paragraph (3) of the Council of Ministers Resolution No. 329 of 2015, 2017 for purposes of water purification exclusively.

A position was also presented to prepare the employees who received their salaries in the liberated areas and to prepare those who did not receive their salaries with a statement of reasons.

The Council decided to form an operations room in the Ministry of Finance to resolve the problems that appear when the Ministry of Finance audit of payroll lists and continue its work after the official working hours until the completion of the task in the presence of directors of formations responsible for salaries from ministries whose salaries were delayed in Nineveh province.

The Council of Ministers instructed the Ministry of Health to complete the required numbers for grades (central appointments) and submit them to the Ministry of Finance and the Ministry of Finance to include the required allocations within the supplementary budget for 2017.

A vote was also made on the payment of dues to the truck drivers of the Ministry of Commerce, which contributes to support the security forces.

The vote on funding allocations of the Ministry of Education, and directing the Ministry of Finance to open documentary credit for the purchase of textbooks in the form of financial optimization and depending on the allocations approved by the Ministry.

The Council discussed the treatment of traffic jams in the province of Baghdad and was presented a study at the short, medium and long.

Read more: http://www.dinarupdates.com/showthread.php?50286-Cabinet-votes-to-release-salaries-of-Nineveh-employees

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BGG (Dinar Guru) –   “Our economy is space. Monetary policy is an example”  The…article is a VERY HARD translation – BUT IMHO FILLED with DEAD GIVE-AWAYS!  …for those pouting about not being rich yet – this is one more log on the FIRE!  What it means is – they are doing things (up until now) this economist doesn’t understand and can’t explain.  Quotes:  “…we urgently need a new economic philosophy that leads to generating development And to expand the supply and demand for local production in all its variants, especially in an important aspect of monetary policy is dealing with the value of the development of the dinar or the liberation of the value of the dinar...”  “The liberalization or floating of the currency is not strange or innovative in the money market, it is a tool of the monetary policy…”  BOOOOM…That’s all I have to say. That is a DIRECT narrative on the state of the currency value in Iraq. This was published yesterday.  Cannot be anymore direct.

Read more: http://www.dinarupdates.com/observer
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Grant for the development of Iraqi ports

Economy News _ Baghdad: The Ministry of Transport announced Thursday that it has received a grant from the United Nations Educational, Scientific and Cultural Organization (UNESCO) for the rehabilitation and development of ports in the country.

The Director of Media Iraqi Ports Company of the Ministry, Nimr Abdel-Moneim net in a press statement received by “Economy News”, “The company is in receipt of a grant by the United Nations (UNICTAD) of the United Nations, to develop the reality of ports in the country, Lists the needs and requirements of all ports, in addition to the requirements of the Institute of ports of equipment and training devices, noting that the Institute continues to establish training courses to develop the capabilities of the staff working in this area.

He added that the company is working within the framework of an expanded plan to develop and qualify all ports in the country in order to raise the financial revenues of the company in particular and the treasury of the state in general, pointing out at the same time that it intends to establish a container terminal at the port of Faw after the arrival of the project of the Caspian East and West stages Advanced achievement “.

Al-Safi pointed out that “the company has implemented several projects during the past period, contributed to improving the financial reality, including projects, the establishment of new berths and improve the depth drilling to allow the entry of giant vessels to increase the movement of trade.”

He explained that “ports are at the time besieging an important commercial center in the transport of goods, especially as the country enjoys an important strategic position, which contributes to the increase of ports, which is becoming an important economic resource for the country and provide job opportunities for the unemployed.

The province of Basra has a number of ports, Umm Qasr, Khor al-Zubayr and Abu Flus, and the stronghold, while work is underway on the completion of the port of Faw to be one of the largest ports in the region.

Read more: http://www.dinarupdates.com/showthread.php?50373-Grant-for-the-development-of-Iraqi-ports

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Kaperoni (Dinar Guru) –  Artile:  “Experts: float the currency needs to be a productive economy and not Rieia (rentier)”   Quote:   “…to float the currency now in Iraq can not talk about that simple, as needed to advance measures…it could be done if the transformation of the Iraqi economy from a yield to productive…”  This is actually a really good article because they state very clearly that under the current conditions they cannot float the dinar…and only once the market economy begins can they do so So we continue to wait for Iraq to set the stage for investment.  Pass the needed laws, get the dinar in compliance with the IMF, etc.  to move to Article VIII.  Only then will we see the dinar float and rise based on market forces I am hopeful that yet this year we can see that happen.

Read more: http://www.dinarupdates.com/observer
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BGG (Dinar Guru) –   I am very excited about the current state of things. I am very excited about the next short time frame… I think we are in an incredible window of time right now…and I do feel – if things advance as they have been – we could be very, very close. Maybe not today or tomorrow, but legitimately CLOSE. Unlike ever before.  (keep in mind – we have been close before – the CBI had planned on 2013? sometime and put it off). According to the SIGR Report.  We are close.  REAL CLOSE.

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

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BGG (Dinar Guru) –   Article:  “Iraq offers compensation settlement and Kuwaiti debt against investment”   Quote:  “…the meeting also discussed the file of compensation with the State of Kuwait and ways to settle through the window of investment inside Iraq.“.   two separate items talked about – how to pay back Kuwait (not to be confused with) – their eagerness to settle investments inside Iraq?  One of the big problems needing dealt with – is they have few mechanisms in place to safe guard investors. Why would the IMF care about Iraqi investors. They don’t – this is referring to OUTSIDE investors. Period.  Really good news – entering final talks – it appears.

Read more: http://www.dinarupdates.com/observer/
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Kaperoni (Dinar Guru) –   Article:  “ATMs for MasterCard card users”   …it is fun to watch all the pieces be put in place for the economy to take off.  Iraq is literally going from the stone age to the 21st century with technology in a few years.

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

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Adam Montana (Dinar Guru) –   [What will happen to the other major currencies when the CBI RV’s the IQD/USD exchange rate? The countries using the EUR, the GBP, the CHF, the JPY, and the CNY all have international corporations invested in Iraqi oil with contracts based on today’s exchange rates.  How will a radical upward IQD/USD RV (which effectively decreases the value of the USD against the IQD) affect the EUR/USD and the GBP/USD and the CHF/USD and the JPY/USD and the CNY/USD exchange rates?  Will these other major global currencies also be devalued and what in your opinion will that do to an already stressed global economy?]  This is a great question, because it opens up the floor to discuss how an RV is really a zero-sum game, mostly because we are talking about a fiat currency. When the FED prints more USD, we don’t actually gain that money.  It just dilutes the dollar a little bit more.  IQD, and an RV of the currency, works the same way, just on a global scale. My opinion is that almost every other currency will take a slight hit, and then rebound once the IQD rate stabilizes, and within about a month all currencies will be back to normal… except the IQD will be dramatically different than it was a month prior.

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

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Iraqi Dinar/Dollar auction 06-20-17 (most recent listing)

Currency Auctions Announcement No. 3469

This daily currency auction was held in the Central Bank of Iraq on the 06-18-2017

DETAILS NOTES
Number of banks 39
Number of remittance companies 10
Amount sold at auction price (US$) 159,562,250
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 159,562,250
Total offers for selling (US$) —–

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

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CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1325.962 1325.299
British pound GBP 1515.757 1514.999
Canadian dollar CAD 895.884 895.436
Swiss franc CHF 1219.613 1219.003
Swedish krona SEK 135.962 135.894
Norwegian krone NOK 140.286 140.216
Danish krone DKK 178.289 178.200
Japanese yen JPY 10.663 10.657
Special
Drawing Rights
SDR 1636.868 1636.050

Indicative rates – 06.20.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – June 19th

Mosul on a date with an Iraqi victory

The Secretary General of the Democratic Peace Rally, Mohamed Iqbal Omar al-Sidli, on Sunday praised the important progress achieved by our armed forces in various formations in the squares of Mosul.

Iqbal said in a statement issued by his press office that “the storming of the old city of Mosul, which represents the last stronghold of the terrorist, is a welcome sign of the completion of the liberation of the province completely from the clutches of criminal gangs.” Drawn by the sacrifices and heroic heroism of our fighters. ”

Iqbal, according to the statement, that “the file of the liberation of Mosul, which reaches its end, begins with a new file more important, the file of construction and life and the treatment of remnants of political, intellectual and social,” calling for all conductive activities to prepare to have a positive role in this area.
The military information cell announced earlier Sunday that security forces had begun to storm the old city of Mosul to liberate the rest of its territory.

Read more: http://www.dinarupdates.com/showthread.php?50579-Mosul-on-a-date-with-an-Iraqi-victory

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Al-Abbadi is considering the development of economic relations in Saudi Arabia today

Economy News BAGHDAD, Stated Source Administrator at the government Iraq, Monday, That President board Ministers Haider Abadi Will look With Officials Saudis Activation Cooperat Economic development between The two countries .

And he said the source Which Preferred Non Detection About its name For “the economy News ” , ” The President board Ministers Haider Abadi Will go Today to me Saudi Arabia For research relations Economic development between The two countries , Indicating That ” Abadi He will call Companies Saudi Arabia to me Contribution at Re Emaar Iraq distance Edit it Permanently From group Calling . ”

He noted to me That ” Abadi Will look Also open port Border border between Iraq And Saudi Arabia And activation The tube Oil between The two countries , Pointing out to me That ” Iraq Seek to me Development His relations Commercial Economic development With Saudi Arabia During Period Downstream . ”

Read more: http://www.dinarupdates.com/showthread.php?50582-Al-Abbadi-is-considering-the-development-of-economic-relations-in-Saudi-Arabia-today
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Enorrste   Article:  “The central bank prepares banks and transfer 25 million per month”   Here is my take on this important development.  It occurred to me that what we are seeing here is a plan to use some of the reserves to reduce the money supply in Iraq. The article makes clear that there is not a corruption problem.  However, they are still putting some limits on the exchange (dinars for foreign currency).  Furthermore…the CBI is making it clear up front that the banks will not be allowed to take advantage of the public who wish to purchase foreign currency.  This means that they will be forced to give the foreign currency at the official rate rather than the market rate.  As word of this gets out there will be more and more people who will want to surrender their dinars at that rate, thus saving many dinars by getting the foreign currency below the market rate.   [post 1 of 3….stay tuned]

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

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MadDScout(Dinar Guru) –   Article:  “The Association of Private Banks appoints a temporary chairman”   Quote:  “the president of the association was accused by specialists on many charges, including providing false information to the Central Bank of Iraq to achieve personal benefits…”  I like this one because it speaks to internal house cleaning…House cleaning within the banking association.  It says that eventually being corrupt will be of no gain.

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

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Shabak Kurds of Nineveh want to be part of a new Kurdish state

A Kurdish Shabak group involved in Iraqi politics has asked the Kurdish presidency and Kurdistan Region to include them in the planned September 25 referendum on independence.

Salim Jumaa, head of the Shabak Peaceful Council List in the Iraqi parliament who has sent a message to Kurdistan Region President Masoud Barzani described Shabaks to Rudaw as “genuine Kurds” and said they should be included in the “future Kurdistan state.”

Jumaa said his people live in areas in the Nineveh plains that fall under Article 140 of the Iraqi constitution and they want to be part of the plan the Kurdistan Region has for independence.

“We would love to take part in the referendum along with our own people,” Jumaa told Rudaw, referring to the people of the Kurdistan Region.

He said they were hopeful that Barzani would approve their call as it is their “right to participate.”

“We want the 140 article to be over,” he said. “We want to return to the Kurdistan state.”

In a meeting with political parties on June 7 Barzani reached a consensus with the majority of Kurdistan parties to pick September 25 as a day people will decide whether or not to stay with Iraq.

He has since insisted that all areas previously called disputed territories will be included in the referendum and their populations will be free to choose to be part of a new Kurdish state or remain with Iraq.

Shabak Kurds live mostly in and around Mosul and they were subject to persecution and massacre by ISIS in 2014.

Karzan Jalal, head of the data department from the Independent High Electoral and Referendum Commission (IHERC) confirmed to Rudaw they were working on providing ballot boxes for people in the outlying areas of the Kurdistan Region such as Shabaks, Yezidis and Christians.

“Preparations for referendum in Kurdistan and areas outside the Kurdistan Region that are controlled by the Peshmerga is easy,” Jalal noted, adding in coordination with Iraqi government, they will put ballot boxes in areas run by Baghdad to “provide security for the voters.”

“We do this for all Kurds,” Jalal said, referring to the Yezdis, Shabaks and Kakais.

Read more: http://www.dinarupdates.com/showthread.php?50574-Shabak-Kurds-of-Nineveh-want-to-be-part-of-a-new-Kurdish-state

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Faith is taking the first step even when you don’t see the whole staircase. – Martin Luther King Jr.

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UPDATED: Iraqi army enters Old Mosul district from two sides

Iraqi forces call on ISIS militants to surrender For the last five days, Iraqi forces have been sending messages out over west Mosul via loud speakers urging ISIS militants to surrender.

The Iraqi Joint Command published a video of a message being read out over loud speaker to the people in west Mosul.

“The enemy is losing its positions. The enemy is losing its positions, one after the other.”

They also address ISIS directly, saying that if the militants surrender to Iraqi forces, they will find “proper protection.”

The message concludes that the “hour of victory has come.”

Fewer than 1,000 ISIS fighters are believed to remain in Old Mosul.

The final push for Old Mosul began at 6:00 in the morning, commander of the US-trained Counter-Terror Service Abdul Ghani al-Asadi told Rudaw on Sunday.

He said they faced “strong resistance” put up by ISIS in the beginning and they expect “slow progress” because of the narrow streets and densely populated areas.
The Iraqi army declared they broke the ISIS siege and entered the Old Mosul district from two neighborhoods.

Iraqi army forces entered the Old Mosul district from Bab al-Baith and Bab al-Lakash neighborhoods, Mohammed Mukhtar, spokesperson of the Iraqi Defense Ministry confirmed in a press conference.

To halt the army’s advances, ISIS has used 10 car bombs since the start of the operation earlier this morning, Mukhtar added.

ERBIL, Kurdistan Region – After a long siege, the Iraqi Army on Sunday launched a three-pronged final offensive against ISIS’s last pocket in Mosul, the Old Mosul district in the western half of the war-torn city.

The Iraqi Joint Operations Command announced that the army, Counter-Terror Forces (ICTS) and Iraqi Federal Police are taking part in the final battle to liberate the Old Mosul district.

Mahmood Saed, a commander from the Federal Police told Rudaw the operation was launched from three direction, north, south and east.

Saed expects a complete liberation of Mosul from ISIS in the coming days.

Yesterday, the Iraqi army announced after weeks of heavy fighting, the contested Shifa neighborhood was reclaimed in west Mosul, reducing the total number of pockets ISIS controlled to just one.

Iraqi troops came across tons of brand new medicine boxes in al-Shifa hospital in Mosul city on Saturday. Labels and tags on the medicine boxes show that they were manufactured by the Iraqi medicine factory of Samara only last year, raising questions about the network of the group that was able to bring in medicine from. Iraqi territories controlled by Iraqi forces into the city as early as August last year.

In a failed effort to break the Iraqi army’s siege, ISIS on Wednesday launched a wide-scale counterattack on the Iraqi army to break out of the Old Mosul district, where they are surrounded by Iraqi forces. The confrontation killed 11 Iraqi Federal Police and some 40 ISIS militants.

Old Mosul is where ISIS leader Abu Bakr al-Baghdadi declared the so-called Islamic Caliphate on June 29, 2014 in al-Nuri mosque.

The fight for Old Mosul is expected to be the hardest amid its old style houses and narrow alleys, and the bloodiest in a conflict that has already been marked by horrific civilian casualties.

With the start of the operation, it is expected the number of civilians fleeing the Old Mosul district will reach 150,000 refugees, according to Jasim Atiya, deputy minister of migration in Iraq.

The UN warned on Friday that up to 100,000 civilians remain trapped in the district with fears that the extremist group may use them as human shields.

The Federal Police commander assured trapped civilians that they have opened safe corridors for them.

The Iraqi army also announced on Saturday it had recaptured the Walidiya border gate between the Iraqi-Syrian border following a joint operation from three fronts between the Iraqi army, Hashd al-Asahaari, backed by the Iraqi air force and US-led global coalition against ISIS.

Read more: http://www.dinarupdates.com/showthread.php?50573-UPDATED-Iraqi-army-enters-Old-Mosul-district-from-two-sides

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Iraq invites 10,000 companies to participate in Baghdad International Fair

Announced Company the public For exhibitions And services Commercial Iraq, Thursday, Directed Invitations For more From 10 Thousands a company To participate at Exhibition Baghdad International .

And he said Director Company the public For exhibitions And services Commercial Iraq Hashem Mohammed at Declaration Journalist Received ” economy News ” version from him, The ” Angels Company ongoing Operation Marketing Field To promote Of the session The 44th exhibition Baghdad International Which Will be held Under Logo ( free us Our land With your cooperation We build ) during Month October the first Next according to plan Well thought out To polarize Larger Number From Companies To participate The course International according to Base data Available I have Company Which Reaches Number More From ten Thousands a company Destination met him Increase “.

“He added That ” process Marketing Were represented at Procedure Visits Field Areas Commercial at Baghdad Which Exist In which Companies Large Known And owns Agencies For companies Foreign And she has Record Posts Featured at Courses Exhibition Baghdad International Former “.

“He was sent Invitations Participation Attached Instructions Special Participating In both languages Arabic And English to me all Companies And authorities Available Data we’ve got And their number More From ten Thousands a company Destination As a meal First “.

Read more: http://www.dinarupdates.com/showthread.php?50375-Iraq-invites-10-000-companies-to-participate-in-Baghdad-International-Fair

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Turkey offers Iraq reconstruction of Mosul

The spokesman for the Turkish President, Ibrahim Kalin, said that Turkey is ready to help Iraq in the reconstruction of Mosul after the liberation of the militants of the “Isis” terrorist.

“We are ready after the end of the process of liberating Mosul completely to rebuild it in addition to building what is destroyed in other Iraqi cities,” Kalin told a news conference in Ankara.

It is noteworthy that the Iraqi army and security forces in addition to the popular mobilization forces headed by the airlift supported by the US-led coalition aircraft and the Iraqi air force, towards the old neighborhoods in Mosul, the last remaining under the control of the terrorist organization “Isis”.

The remaining neighborhoods under the control of the organization’s militants were announced in the western part of Mosul on May 27, and 180,000 civilians are still trapped in those neighborhoods and used by the organization’s militants as human shields.
According to the Iraqi Operations Command, only 500 terrorists remained in the city.

Read more: http://www.dinarupdates.com/showthread.php?50369-Turkey-offers-Iraq-reconstruction-of-Mosul

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BGG   [kinda get the feeling that this is never gona happen and eventually they will go to the dollar.With all the support and conversation with the IMF – WB – UN… that is not the posture they are preparing…everything they are (the above mentioned groups) projecting lately is the image of progress.

Read more:  http://www.dinarupdates.com/observer/
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BGG (Dinar Guru) –    Mosul is it… I have said all along…I would like to see what the news cycle looks like right after Mosul is done.   I had some guy message me “why is Mosul taking so long“?   They are dug in – they know they will die and have NOTHING TO LOSE…this may take just a bit..let’s all just take a breath and let this whole thing play out…and then… I also said – I want to get a feel for what the News Cycles look like after – for a week or two…this will be the tale of the tape.  …sit back…and let them do their thing…and BTW – it’s not like they haven’t told us in so many ways – what they intend to do.  They have – over and over and over and over.

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

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The first investment conference was held for the end of July

Trend Press / Baghdad The Chairman of the Sub-Committee for Investment in the House of Representatives Burhan Mamouri agreed with the National Investment Commission to hold a special investment conference in Diyala province to view all investment opportunities in the province and in various sectors.

Al-Maamouri said in a statement received by “Trend Press” on a copy of it, “he met with the President of the National Investment Commission Sami Araji and it was agreed to hold a special investment conference in Diyala in late July or early August, which will be presented all the investment opportunities available in the province and include various sectors “Agricultural, industrial, health, education, transport, public services, infrastructure projects, housing,” noting that “a committee formed in the National Investment Commission for the preparation and urbanization of this conference.”

He added that “the trend towards investment is the only solution to improve the service and urban reality of the province and funding new projects in the field of infrastructure and job creation for young people, especially in the light of low oil prices and the absence of a state budget to finance these projects, noting that the province and during the past three years did not receive any Amounts within the general budget, which led to the cessation of all projects and the inability to maintain the service needs of citizens with increasing population growth in addition to the widespread phenomenon of unemployment among young people.

Al-Mamouri said that the committee of economy and investment parliamentary was able to complete the new investment law and vote on it in the House of Representatives, which is one of the best investment laws since the emergence of the Iraqi state, where exceeded all previous problems that were impeding the process of investment in all areas and provided facilities and privileges for large domestic and foreign investors And work at the beginning of a single window in coordination with the National Investment Commission. ”

He called on “all local and foreign investors to participate in the conference and to see the investment opportunities available in the province of Diyala, noting that the province has a large natural and human resources and a location that allows it to play an important role in the trade process being the link between the north and center of the country and has border crossings with The Islamic Republic of Iran in addition to its proximity to the capital Baghdad. ”

Read more: http://www.dinarupdates.com/showthread.php?50378-The-first-investment-conference-was-held-for-the-end-of-July

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Election of Iraq to the Governing Council of the International Labor Organization

Trend Press / Baghdad The State Department announced on Thursday that Iraq was elected as an alternate member of the ILO Governing Body for the 2017-2020 term for the West Asian Group.

“Iraq was elected an alternate member of the ILO Governing Body for the period 2017-2020 for the West Asia Sub-Group during the elections held during the 106th Session of the International Labor Conference At the organization’s headquarters in Geneva. ”

The statement added that “Iraq has 210 votes out of 253 votes, although the number of votes required on the complex is 127, which makes the second Iraq on his group (ASPAG).”

The statement said that “this victory in the framework of the efforts of the State Department to mobilize international support and support to restore Iraq to its leading position in the international community and access to advanced positions in the United Nations and its competent agencies.”

Read more: http://www.dinarupdates.com/showthread.php?50379-Election-of-Iraq-to-the-Governing-Council-of-the-International-Labor-Organization
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The Iraqi parliament welcomes the adoption of trade for the first time on two articles of supply from the local product

A member of the House of Representatives Hammam Hamoudi welcomed the adoption by the Ministry of Commerce on the local product in the provision of ration card items of “sugar and edible oil” for the first time since 2003, considering it an important step towards supporting the national product and stopping the external importer.

Hamoudi stressed the need to continue this step and expand it in order to contribute to the advancement of the processing of food “Iraqi” through the factories of the national stalled and the workers sincere and adapted to the needs of the citizen.

Read more:  http://www.dinarupdates.com/showthread.php?50289-The-Iraqi-parliament-welcomes-the-adoption-of-trade-for-the-first-time-on-two-article

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Kaperoni (Dinar Guru)   […is it better for Iraq to rebuild itself at the present rate or at a re- established rate?]   …at this point and time, it does not matter what the exchange rate is regarding rebuilding…since the primary source of revenue is oil sales (95%) which is paid in dollars.  And since the dinar is not globally convertible, Iraq pays for goods in dollars.  So in that sense they are on the same playing field we are on in the US when we pay for goods.   The real benefit comes when the CBI can begin to raise the value to offset inflationary pressure created by investors and investment along with meeting  IMF Article VIII compliance.  The result will eventually give the citizens a better life, greater purchasing power and most importantly the ability for the CBI to keep its dollars and pay in dinars. 

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

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Cabinet votes to release salaries of Nineveh employees

[Asharq Al-Awsat] The Iraqi Council of Ministers voted during its weekly session on Tuesday to release the salaries of Nineveh province employees who have been found not to be linked to the organization.

A statement issued by the office of Prime Minister Haider al-Abbadi and told Ashqaf News that the vote on the release of salaries of employees of the province of Nineveh, who checked security by the security audit team of the Ministry of Interior or by the national security.

The Council also voted to approve the recommendation of the emergency meeting of the Civil Crisis Management Unit concerning the exclusion of the Ministry of Construction, Housing, Municipalities, Public Works and the Municipality of Baghdad in paragraph (3) of the Council of Ministers Resolution No. 329 of 2015, 2017 for purposes of water purification exclusively.

A position was also presented to prepare the employees who received their salaries in the liberated areas and to prepare those who did not receive their salaries with a statement of reasons.

The Council decided to form an operations room in the Ministry of Finance to resolve the problems that appear when the Ministry of Finance audit of payroll lists and continue its work after the official working hours until the completion of the task in the presence of directors of formations responsible for salaries from ministries whose salaries were delayed in Nineveh province.

The Council of Ministers instructed the Ministry of Health to complete the required numbers for grades (central appointments) and submit them to the Ministry of Finance and the Ministry of Finance to include the required allocations within the supplementary budget for 2017.

A vote was also made on the payment of dues to the truck drivers of the Ministry of Commerce, which contributes to support the security forces.

The vote on funding allocations of the Ministry of Education, and directing the Ministry of Finance to open documentary credit for the purchase of textbooks in the form of financial optimization and depending on the allocations approved by the Ministry.

The Council discussed the treatment of traffic jams in the province of Baghdad and was presented a study at the short, medium and long.

Read more: http://www.dinarupdates.com/showthread.php?50286-Cabinet-votes-to-release-salaries-of-Nineveh-employees

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BGG (Dinar Guru) –   “Our economy is space. Monetary policy is an example”  The…article is a VERY HARD translation – BUT IMHO FILLED with DEAD GIVE-AWAYS!  …for those pouting about not being rich yet – this is one more log on the FIRE!  What it means is – they are doing things (up until now) this economist doesn’t understand and can’t explain.  Quotes:  “…we urgently need a new economic philosophy that leads to generating development And to expand the supply and demand for local production in all its variants, especially in an important aspect of monetary policy is dealing with the value of the development of the dinar or the liberation of the value of the dinar...”  “The liberalization or floating of the currency is not strange or innovative in the money market, it is a tool of the monetary policy…”  BOOOOM…That’s all I have to say. That is a DIRECT narrative on the state of the currency value in Iraq. This was published yesterday.  Cannot be anymore direct.

Read more: http://www.dinarupdates.com/observer
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Grant for the development of Iraqi ports

Economy News _ Baghdad: The Ministry of Transport announced Thursday that it has received a grant from the United Nations Educational, Scientific and Cultural Organization (UNESCO) for the rehabilitation and development of ports in the country.

The Director of Media Iraqi Ports Company of the Ministry, Nimr Abdel-Moneim net in a press statement received by “Economy News”, “The company is in receipt of a grant by the United Nations (UNICTAD) of the United Nations, to develop the reality of ports in the country, Lists the needs and requirements of all ports, in addition to the requirements of the Institute of ports of equipment and training devices, noting that the Institute continues to establish training courses to develop the capabilities of the staff working in this area.

He added that the company is working within the framework of an expanded plan to develop and qualify all ports in the country in order to raise the financial revenues of the company in particular and the treasury of the state in general, pointing out at the same time that it intends to establish a container terminal at the port of Faw after the arrival of the project of the Caspian East and West stages Advanced achievement “.

Al-Safi pointed out that “the company has implemented several projects during the past period, contributed to improving the financial reality, including projects, the establishment of new berths and improve the depth drilling to allow the entry of giant vessels to increase the movement of trade.”

He explained that “ports are at the time besieging an important commercial center in the transport of goods, especially as the country enjoys an important strategic position, which contributes to the increase of ports, which is becoming an important economic resource for the country and provide job opportunities for the unemployed.

The province of Basra has a number of ports, Umm Qasr, Khor al-Zubayr and Abu Flus, and the stronghold, while work is underway on the completion of the port of Faw to be one of the largest ports in the region.

Read more: http://www.dinarupdates.com/showthread.php?50373-Grant-for-the-development-of-Iraqi-ports

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Kaperoni (Dinar Guru) –  Artile:  “Experts: float the currency needs to be a productive economy and not Rieia (rentier)”   Quote:   “…to float the currency now in Iraq can not talk about that simple, as needed to advance measures…it could be done if the transformation of the Iraqi economy from a yield to productive…”  This is actually a really good article because they state very clearly that under the current conditions they cannot float the dinar…and only once the market economy begins can they do so So we continue to wait for Iraq to set the stage for investment.  Pass the needed laws, get the dinar in compliance with the IMF, etc.  to move to Article VIII.  Only then will we see the dinar float and rise based on market forces I am hopeful that yet this year we can see that happen.

Read more: http://www.dinarupdates.com/observer
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BGG (Dinar Guru) –   I am very excited about the current state of things. I am very excited about the next short time frame… I think we are in an incredible window of time right now…and I do feel – if things advance as they have been – we could be very, very close. Maybe not today or tomorrow, but legitimately CLOSE. Unlike ever before.  (keep in mind – we have been close before – the CBI had planned on 2013? sometime and put it off). According to the SIGR Report.  We are close.  REAL CLOSE.

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

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BGG (Dinar Guru) –   Article:  “Iraq offers compensation settlement and Kuwaiti debt against investment”   Quote:  “…the meeting also discussed the file of compensation with the State of Kuwait and ways to settle through the window of investment inside Iraq.“.   two separate items talked about – how to pay back Kuwait (not to be confused with) – their eagerness to settle investments inside Iraq?  One of the big problems needing dealt with – is they have few mechanisms in place to safe guard investors. Why would the IMF care about Iraqi investors. They don’t – this is referring to OUTSIDE investors. Period.  Really good news – entering final talks – it appears.

Read more: http://www.dinarupdates.com/observer/
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Kaperoni (Dinar Guru) –   Article:  “ATMs for MasterCard card users”   …it is fun to watch all the pieces be put in place for the economy to take off.  Iraq is literally going from the stone age to the 21st century with technology in a few years.

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

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Adam Montana (Dinar Guru) –   [What will happen to the other major currencies when the CBI RV’s the IQD/USD exchange rate? The countries using the EUR, the GBP, the CHF, the JPY, and the CNY all have international corporations invested in Iraqi oil with contracts based on today’s exchange rates.  How will a radical upward IQD/USD RV (which effectively decreases the value of the USD against the IQD) affect the EUR/USD and the GBP/USD and the CHF/USD and the JPY/USD and the CNY/USD exchange rates?  Will these other major global currencies also be devalued and what in your opinion will that do to an already stressed global economy?]  This is a great question, because it opens up the floor to discuss how an RV is really a zero-sum game, mostly because we are talking about a fiat currency. When the FED prints more USD, we don’t actually gain that money.  It just dilutes the dollar a little bit more.  IQD, and an RV of the currency, works the same way, just on a global scale. My opinion is that almost every other currency will take a slight hit, and then rebound once the IQD rate stabilizes, and within about a month all currencies will be back to normal… except the IQD will be dramatically different than it was a month prior.

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

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Iraqi Dinar/Dollar auction 06-19-17 (most recent listing)

Currency Auctions Announcement No. 3468

This daily currency auction was held in the Central Bank of Iraq on the 06-18-2017

DETAILS NOTES
Number of banks 38
Number of remittance companies 10
Amount sold at auction price (US$) 165,727,169
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 165,727,169*
Total offers for selling (US$) —–

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

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CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1322.173 1321.512
British pound GBP 1512.797 1512.040
Canadian dollar CAD 896.087 895.639
Swiss franc CHF 1215.481 1214.873
Swedish krona SEK 135.409 135.341
Norwegian krone NOK 139.743 139.673
Danish krone DKK 177.804 177.716
Japanese yen JPY 10.659 10.654
Special
Drawing Rights
SDR 1634.962 1634.144

Indicative rates – 06.18.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – June 18th

Federal Troops are Penetrating Deep into the Old City of Mosul

Federal police chief Major-General Raid Shaker Jawdat announced Sunday that federal police troops are penetrating deep into the Old City by the Bab al-Bayd.

In a statement received by Al-Ghad Press, Jawdat said that “the federal police units are penetrating 100 meters deep into the old city on the Bab al-Bayd side under a missile attack targeting the defenses of Al-Dawash.

Federal police battalions are battling fierce battles in the Old City on the right side of the city of Mosul to liberate them from the control of the terrorist to declare the final victory and expel elements of the terrorist organization from Nineveh province.

Read more: http://www.dinarupdates.com/showthread.php?50552-Federal-Troops-are-Penetrating-Deep-into-the-Old-City

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Disclosure (financial promises) from the United Nations for reconstruction

Orient – News Section: The Committee on Economy and Investment parliamentary, on Friday, the promises of the United Nations to help Iraq from its financial allocations for the reconstruction of areas affected by terrorism, stressing that the size of budgets for the coming years is not enough without international support.

Committee member Najeeb Najib said that “the federal budgets are not enough to reconstruct the areas destroyed by the Dahesh,” noting that “the international community has the responsibility to help Iraq financially in the reconstruction,” adding that “the reconstruction process must be studied in a realistic way, Including the removal of mines and rubble and the creation of cities to become livable. ”

“Iraq has received a promise from the United Nations special grant of its budget, and European countries as well as the United States of America promised us financial assistance for reconstruction,” noting that “Iraq fought terrorism on behalf of the world and our support for their duty.”

“Fighting the corruption and spending the money in its rightful place is the first challenge facing Iraq to complete the reconstruction process,” she said, adding that “the areas that have been damaged as a result of receiving and caring for the displaced are supposed to have a share of these funds.”

Read more: http://www.dinarupdates.com/showthread.php?50489-Disclosure-(financial-promises)-from-the-United-Nations-for-reconstruction
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Enorrste   Article:  “The central bank prepares banks and transfer 25 million per month”   Here is my take on this important development.  It occurred to me that what we are seeing here is a plan to use some of the reserves to reduce the money supply in Iraq. The article makes clear that there is not a corruption problem.  However, they are still putting some limits on the exchange (dinars for foreign currency).  Furthermore…the CBI is making it clear up front that the banks will not be allowed to take advantage of the public who wish to purchase foreign currency.  This means that they will be forced to give the foreign currency at the official rate rather than the market rate.  As word of this gets out there will be more and more people who will want to surrender their dinars at that rate, thus saving many dinars by getting the foreign currency below the market rate.   [post 1 of 3….stay tuned]

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

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MadDScout(Dinar Guru) –   Article:  “The Association of Private Banks appoints a temporary chairman”   Quote:  “the president of the association was accused by specialists on many charges, including providing false information to the Central Bank of Iraq to achieve personal benefits…”  I like this one because it speaks to internal house cleaning…House cleaning within the banking association.  It says that eventually being corrupt will be of no gain.

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

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Belgium extends its mission against IS in Iraq and Syria

Belgian Prime Minister Charles Michel announced, on Saturday, that his country decided to extend its mission within the US-led international coalition fighting the Islamic State (IS) in Iraq and Syria.

Michel said that Belgium is an important part of the international coalition against the Islamic State, while added that the Belgian government will allocate 17 million Euros for the military operations against the extremist group.

The current Belgian mission in Iraq and Syria to fight the Islamic State was planned to end this month, but the government decided to extend it for six more months until the end of 2017, Michel explained.

Michek also revealed that the Belgian military will send four F-16 fighter jets along with 100 troops to a base in Jordan to take part in the war against IS in Iraq and Syria.

Read more: http://www.dinarupdates.com/showthread.php?50497-Belgium-extends-its-mission-against-IS-in-Iraq-and-Syria

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Faith is taking the first step even when you don’t see the whole staircase. – Martin Luther King Jr.

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The Central Bank equips banks and transfer companies with 25 million monthly

The central bank currently meets the foreign currency traveler’s quotas through banks and financial transfer companies by 25 million dollars a month, but this process is still surrounded by a lot of impurities, the most important is that some people receive more than the quota (3000 dollars) at a time others can not get Even though they have submitted all the documents required to complete the currency purchase. According to specialists in the economic affairs, all the controls and instructions of the Central Bank and the continuous monitoring to control and facilitate this process, will not be able to control the manipulation in this process, because the documents traveler reaches the Central Bank justified by the Bank can not take any action. These specialists confirm that the elimination of the manipulation will be done only through the application of the comprehensive banking system.

The central bank had launched in 2012 the sale of foreign currency to travelers out of the country by 5000 dinars for tourism and 10 thousand for treatment and then returned last year, and reduced the amount to 3000 dollars, because of the financial crisis experienced by the country. The bank stressed repeatedly that the sale should be completed after the completion of all required documents, and pointed to the possibility of providing the traveler request to the bank in case of need for a larger amount, and warned banks and financial transfer companies from manipulation of quotas, but all that did not work, still Many people find it difficult to get their quotas.

According to economic expert Majid al-Suri in an interview with (the extent), that according to the instructions of the new Central Bank, the citizen holder of the ticket and passport must be the holder of these documents to get the dollar amounts for travel, and no one may come with thirty-four passport To receive the currency, and determined that the holder of the passport is the one who buys the amount allocated to him from the currency only, but despite all these controls and control are still many irregularities, because control is a difficult process, when the documents are justified and present here can not take any A measure, but said: a question At the time it should have been essential, especially since there are beneficiaries of the corruption process taking place in the traveler’s share of the currency, and the manipulation is being done through relations with some bank employees in order to carry out this process; Companies are involved in the matter, which necessitates the central bank to implement the comprehensive banking system, because without this system will not have the ability to monitor all the sale of currency to passengers, expected at the end of his speech, the implementation of the comprehensive banking system soon.

For his part, Director of the Accounting Department at the Central Bank Ihsan Shamran al-Yasiri, said in an interview with (the extent), that the Central Bank currently gives amounts to banks to meet the shares of travelers of the currency, up to 25 million dollars are distributed to banks and companies, which depends on the size of the quota given For the traveler, which is $ 3000 per citizen is willing to travel, not to be repeated the process during the month more than once, stressing: The number of beneficiaries of the sale of the currency may reach hundreds or thousands sometimes, and all banks take these quotas, whether the eligibility Or government, but the largest share is given to private banks.

Yassir admits that the beneficiaries of this system may face some problems with banks, but the process of corruption in its broad range is excluded, continuing to say: As far as the Central Bank is concerned, there is no corruption in this matter. It has set controls, instructions and standards that work according to them. Yes, there may be a failure due to misconduct by companies or complicity with citizens, which is an ongoing issue in all economies, and can not be controlled, but according to the controls also, the citizen who lodges a complaint to the Central Bank not to sell the dollar by the banking company or bank, Here the company must be fined and the money recovered from it and the citizen is compensated for any difference in price.

Read more: http://www.dinarupdates.com/showthread.php?50381-The-Central-Bank-equips-banks-and-transfer-companies-with-25-million-monthly

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Iraq invites 10,000 companies to participate in Baghdad International Fair

Announced Company the public For exhibitions And services Commercial Iraq, Thursday, Directed Invitations For more From 10 Thousands a company To participate at Exhibition Baghdad International .

And he said Director Company the public For exhibitions And services Commercial Iraq Hashem Mohammed at Declaration Journalist Received ” economy News ” version from him, The ” Angels Company ongoing Operation Marketing Field To promote Of the session The 44th exhibition Baghdad International Which Will be held Under Logo ( free us Our land With your cooperation We build ) during Month October the first Next according to plan Well thought out To polarize Larger Number From Companies To participate The course International according to Base data Available I have Company Which Reaches Number More From ten Thousands a company Destination met him Increase “.

“He added That ” process Marketing Were represented at Procedure Visits Field Areas Commercial at Baghdad Which Exist In which Companies Large Known And owns Agencies For companies Foreign And she has Record Posts Featured at Courses Exhibition Baghdad International Former “.

“He was sent Invitations Participation Attached Instructions Special Participating In both languages Arabic And English to me all Companies And authorities Available Data we’ve got And their number More From ten Thousands a company Destination As a meal First “.

Read more: http://www.dinarupdates.com/showthread.php?50375-Iraq-invites-10-000-companies-to-participate-in-Baghdad-International-Fair

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Turkey offers Iraq reconstruction of Mosul

The spokesman for the Turkish President, Ibrahim Kalin, said that Turkey is ready to help Iraq in the reconstruction of Mosul after the liberation of the militants of the “Isis” terrorist.

“We are ready after the end of the process of liberating Mosul completely to rebuild it in addition to building what is destroyed in other Iraqi cities,” Kalin told a news conference in Ankara.

It is noteworthy that the Iraqi army and security forces in addition to the popular mobilization forces headed by the airlift supported by the US-led coalition aircraft and the Iraqi air force, towards the old neighborhoods in Mosul, the last remaining under the control of the terrorist organization “Isis”.

The remaining neighborhoods under the control of the organization’s militants were announced in the western part of Mosul on May 27, and 180,000 civilians are still trapped in those neighborhoods and used by the organization’s militants as human shields.
According to the Iraqi Operations Command, only 500 terrorists remained in the city.

Read more: http://www.dinarupdates.com/showthread.php?50369-Turkey-offers-Iraq-reconstruction-of-Mosul

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BGG   [kinda get the feeling that this is never gona happen and eventually they will go to the dollar.With all the support and conversation with the IMF – WB – UN… that is not the posture they are preparing…everything they are (the above mentioned groups) projecting lately is the image of progress.

Read more:  http://www.dinarupdates.com/observer/
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BGG (Dinar Guru) –    Mosul is it… I have said all along…I would like to see what the news cycle looks like right after Mosul is done.   I had some guy message me “why is Mosul taking so long“?   They are dug in – they know they will die and have NOTHING TO LOSE…this may take just a bit..let’s all just take a breath and let this whole thing play out…and then… I also said – I want to get a feel for what the News Cycles look like after – for a week or two…this will be the tale of the tape.  …sit back…and let them do their thing…and BTW – it’s not like they haven’t told us in so many ways – what they intend to do.  They have – over and over and over and over.

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

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The first investment conference was held for the end of July

Trend Press / Baghdad The Chairman of the Sub-Committee for Investment in the House of Representatives Burhan Mamouri agreed with the National Investment Commission to hold a special investment conference in Diyala province to view all investment opportunities in the province and in various sectors.

Al-Maamouri said in a statement received by “Trend Press” on a copy of it, “he met with the President of the National Investment Commission Sami Araji and it was agreed to hold a special investment conference in Diyala in late July or early August, which will be presented all the investment opportunities available in the province and include various sectors “Agricultural, industrial, health, education, transport, public services, infrastructure projects, housing,” noting that “a committee formed in the National Investment Commission for the preparation and urbanization of this conference.”

He added that “the trend towards investment is the only solution to improve the service and urban reality of the province and funding new projects in the field of infrastructure and job creation for young people, especially in the light of low oil prices and the absence of a state budget to finance these projects, noting that the province and during the past three years did not receive any Amounts within the general budget, which led to the cessation of all projects and the inability to maintain the service needs of citizens with increasing population growth in addition to the widespread phenomenon of unemployment among young people.

Al-Mamouri said that the committee of economy and investment parliamentary was able to complete the new investment law and vote on it in the House of Representatives, which is one of the best investment laws since the emergence of the Iraqi state, where exceeded all previous problems that were impeding the process of investment in all areas and provided facilities and privileges for large domestic and foreign investors And work at the beginning of a single window in coordination with the National Investment Commission. ”

He called on “all local and foreign investors to participate in the conference and to see the investment opportunities available in the province of Diyala, noting that the province has a large natural and human resources and a location that allows it to play an important role in the trade process being the link between the north and center of the country and has border crossings with The Islamic Republic of Iran in addition to its proximity to the capital Baghdad. ”

Read more: http://www.dinarupdates.com/showthread.php?50378-The-first-investment-conference-was-held-for-the-end-of-July

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Election of Iraq to the Governing Council of the International Labor Organization

Trend Press / Baghdad The State Department announced on Thursday that Iraq was elected as an alternate member of the ILO Governing Body for the 2017-2020 term for the West Asian Group.

“Iraq was elected an alternate member of the ILO Governing Body for the period 2017-2020 for the West Asia Sub-Group during the elections held during the 106th Session of the International Labor Conference At the organization’s headquarters in Geneva. ”

The statement added that “Iraq has 210 votes out of 253 votes, although the number of votes required on the complex is 127, which makes the second Iraq on his group (ASPAG).”

The statement said that “this victory in the framework of the efforts of the State Department to mobilize international support and support to restore Iraq to its leading position in the international community and access to advanced positions in the United Nations and its competent agencies.”

Read more: http://www.dinarupdates.com/showthread.php?50379-Election-of-Iraq-to-the-Governing-Council-of-the-International-Labor-Organization
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The Iraqi parliament welcomes the adoption of trade for the first time on two articles of supply from the local product

A member of the House of Representatives Hammam Hamoudi welcomed the adoption by the Ministry of Commerce on the local product in the provision of ration card items of “sugar and edible oil” for the first time since 2003, considering it an important step towards supporting the national product and stopping the external importer.

Hamoudi stressed the need to continue this step and expand it in order to contribute to the advancement of the processing of food “Iraqi” through the factories of the national stalled and the workers sincere and adapted to the needs of the citizen.

Read more:  http://www.dinarupdates.com/showthread.php?50289-The-Iraqi-parliament-welcomes-the-adoption-of-trade-for-the-first-time-on-two-article

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Kaperoni (Dinar Guru)   […is it better for Iraq to rebuild itself at the present rate or at a re- established rate?]   …at this point and time, it does not matter what the exchange rate is regarding rebuilding…since the primary source of revenue is oil sales (95%) which is paid in dollars.  And since the dinar is not globally convertible, Iraq pays for goods in dollars.  So in that sense they are on the same playing field we are on in the US when we pay for goods.   The real benefit comes when the CBI can begin to raise the value to offset inflationary pressure created by investors and investment along with meeting  IMF Article VIII compliance.  The result will eventually give the citizens a better life, greater purchasing power and most importantly the ability for the CBI to keep its dollars and pay in dinars. 

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

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Cabinet votes to release salaries of Nineveh employees

[Asharq Al-Awsat] The Iraqi Council of Ministers voted during its weekly session on Tuesday to release the salaries of Nineveh province employees who have been found not to be linked to the organization.

A statement issued by the office of Prime Minister Haider al-Abbadi and told Ashqaf News that the vote on the release of salaries of employees of the province of Nineveh, who checked security by the security audit team of the Ministry of Interior or by the national security.

The Council also voted to approve the recommendation of the emergency meeting of the Civil Crisis Management Unit concerning the exclusion of the Ministry of Construction, Housing, Municipalities, Public Works and the Municipality of Baghdad in paragraph (3) of the Council of Ministers Resolution No. 329 of 2015, 2017 for purposes of water purification exclusively.

A position was also presented to prepare the employees who received their salaries in the liberated areas and to prepare those who did not receive their salaries with a statement of reasons.

The Council decided to form an operations room in the Ministry of Finance to resolve the problems that appear when the Ministry of Finance audit of payroll lists and continue its work after the official working hours until the completion of the task in the presence of directors of formations responsible for salaries from ministries whose salaries were delayed in Nineveh province.

The Council of Ministers instructed the Ministry of Health to complete the required numbers for grades (central appointments) and submit them to the Ministry of Finance and the Ministry of Finance to include the required allocations within the supplementary budget for 2017.

A vote was also made on the payment of dues to the truck drivers of the Ministry of Commerce, which contributes to support the security forces.

The vote on funding allocations of the Ministry of Education, and directing the Ministry of Finance to open documentary credit for the purchase of textbooks in the form of financial optimization and depending on the allocations approved by the Ministry.

The Council discussed the treatment of traffic jams in the province of Baghdad and was presented a study at the short, medium and long.

Read more: http://www.dinarupdates.com/showthread.php?50286-Cabinet-votes-to-release-salaries-of-Nineveh-employees

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BGG (Dinar Guru) –   “Our economy is space. Monetary policy is an example”  The…article is a VERY HARD translation – BUT IMHO FILLED with DEAD GIVE-AWAYS!  …for those pouting about not being rich yet – this is one more log on the FIRE!  What it means is – they are doing things (up until now) this economist doesn’t understand and can’t explain.  Quotes:  “…we urgently need a new economic philosophy that leads to generating development And to expand the supply and demand for local production in all its variants, especially in an important aspect of monetary policy is dealing with the value of the development of the dinar or the liberation of the value of the dinar...”  “The liberalization or floating of the currency is not strange or innovative in the money market, it is a tool of the monetary policy…”  BOOOOM…That’s all I have to say. That is a DIRECT narrative on the state of the currency value in Iraq. This was published yesterday.  Cannot be anymore direct.

Read more: http://www.dinarupdates.com/observer
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Grant for the development of Iraqi ports

Economy News _ Baghdad: The Ministry of Transport announced Thursday that it has received a grant from the United Nations Educational, Scientific and Cultural Organization (UNESCO) for the rehabilitation and development of ports in the country.

The Director of Media Iraqi Ports Company of the Ministry, Nimr Abdel-Moneim net in a press statement received by “Economy News”, “The company is in receipt of a grant by the United Nations (UNICTAD) of the United Nations, to develop the reality of ports in the country, Lists the needs and requirements of all ports, in addition to the requirements of the Institute of ports of equipment and training devices, noting that the Institute continues to establish training courses to develop the capabilities of the staff working in this area.

He added that the company is working within the framework of an expanded plan to develop and qualify all ports in the country in order to raise the financial revenues of the company in particular and the treasury of the state in general, pointing out at the same time that it intends to establish a container terminal at the port of Faw after the arrival of the project of the Caspian East and West stages Advanced achievement “.

Al-Safi pointed out that “the company has implemented several projects during the past period, contributed to improving the financial reality, including projects, the establishment of new berths and improve the depth drilling to allow the entry of giant vessels to increase the movement of trade.”

He explained that “ports are at the time besieging an important commercial center in the transport of goods, especially as the country enjoys an important strategic position, which contributes to the increase of ports, which is becoming an important economic resource for the country and provide job opportunities for the unemployed.

The province of Basra has a number of ports, Umm Qasr, Khor al-Zubayr and Abu Flus, and the stronghold, while work is underway on the completion of the port of Faw to be one of the largest ports in the region.

Read more: http://www.dinarupdates.com/showthread.php?50373-Grant-for-the-development-of-Iraqi-ports

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Kaperoni (Dinar Guru) –  Artile:  “Experts: float the currency needs to be a productive economy and not Rieia (rentier)”   Quote:   “…to float the currency now in Iraq can not talk about that simple, as needed to advance measures…it could be done if the transformation of the Iraqi economy from a yield to productive…”  This is actually a really good article because they state very clearly that under the current conditions they cannot float the dinar…and only once the market economy begins can they do so So we continue to wait for Iraq to set the stage for investment.  Pass the needed laws, get the dinar in compliance with the IMF, etc.  to move to Article VIII.  Only then will we see the dinar float and rise based on market forces I am hopeful that yet this year we can see that happen.

Read more: http://www.dinarupdates.com/observer
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BGG (Dinar Guru) –   I am very excited about the current state of things. I am very excited about the next short time frame… I think we are in an incredible window of time right now…and I do feel – if things advance as they have been – we could be very, very close. Maybe not today or tomorrow, but legitimately CLOSE. Unlike ever before.  (keep in mind – we have been close before – the CBI had planned on 2013? sometime and put it off). According to the SIGR Report.  We are close.  REAL CLOSE.

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

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BGG (Dinar Guru) –   Article:  “Iraq offers compensation settlement and Kuwaiti debt against investment”   Quote:  “…the meeting also discussed the file of compensation with the State of Kuwait and ways to settle through the window of investment inside Iraq.“.   two separate items talked about – how to pay back Kuwait (not to be confused with) – their eagerness to settle investments inside Iraq?  One of the big problems needing dealt with – is they have few mechanisms in place to safe guard investors. Why would the IMF care about Iraqi investors. They don’t – this is referring to OUTSIDE investors. Period.  Really good news – entering final talks – it appears.

Read more: http://www.dinarupdates.com/observer/
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Kaperoni (Dinar Guru) –   Article:  “ATMs for MasterCard card users”   …it is fun to watch all the pieces be put in place for the economy to take off.  Iraq is literally going from the stone age to the 21st century with technology in a few years.

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

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Adam Montana (Dinar Guru) –   [What will happen to the other major currencies when the CBI RV’s the IQD/USD exchange rate? The countries using the EUR, the GBP, the CHF, the JPY, and the CNY all have international corporations invested in Iraqi oil with contracts based on today’s exchange rates.  How will a radical upward IQD/USD RV (which effectively decreases the value of the USD against the IQD) affect the EUR/USD and the GBP/USD and the CHF/USD and the JPY/USD and the CNY/USD exchange rates?  Will these other major global currencies also be devalued and what in your opinion will that do to an already stressed global economy?]  This is a great question, because it opens up the floor to discuss how an RV is really a zero-sum game, mostly because we are talking about a fiat currency. When the FED prints more USD, we don’t actually gain that money.  It just dilutes the dollar a little bit more.  IQD, and an RV of the currency, works the same way, just on a global scale. My opinion is that almost every other currency will take a slight hit, and then rebound once the IQD rate stabilizes, and within about a month all currencies will be back to normal… except the IQD will be dramatically different than it was a month prior.

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

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Iraqi Dinar/Dollar auction 06-15-17 (most recent listing)

Currency Auctions Announcement No. 3466

This daily currency auction was held in the Central Bank of Iraq on the 06-15-2017

DETAILS NOTES
Number of banks 40
Number of remittance companies 10
Amount sold at auction price (US$) 165,143,468
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 165,143,468
Total offers for selling (US$) —–

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

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CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1326.435 1325.772
British pound GBP 1506.936 1506.183
Canadian dollar CAD 894.057 893.610
Swiss franc CHF 1220.619 1220.008
Swedish krona SEK 136.365 136.297
Norwegian krone NOK 140.900 140.830
Danish krone DKK 178.372 178.283
Japanese yen JPY 10.759 10.759
Special
Drawing Rights
SDR 1637.389 1637.389

Indicative rates – 06.15.2017

http://www.cbi.iq

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Posted in Daily Dinar Updates | Tagged , , , , , , , , , , , , , , , , , , , , | Comments Off on Dinar Daily NEWS Blog – June 18th

Dinar Daily NEWS Blog – June 17th

Iraqi army launches operation to clear western Anbar regions from IS

A military operation was launched to drive Islamic State militants out of western regions in Anbar province, a senior Iraqi officer was quoted as saying.

“Military offensive was launched on Saturday to clear Annah and Rawa cities, west of Anbar. Eight IS militants were killed after troops invaded these regions and destroyed three booby-trapped vehicles,” Maj.Gen.Noaman al-Wube’y, commander of the seventh division of the Iraqi army in Anbar told DPA.

The operation, according to Wube’y, is ongoing to clear the regions in west of Anbar.

Meanwhile, Anbar Operations Command declared foiling an attack by IS against military troops west of Rutba in Anbar.

Speaking to AlSumaria News on Saturday, Maj.Gen. Mahmoud al-Falahi said “the first division of army thwarted an attack by IS against units in Okshat crossroads, west of Rutba.”

“Two IS vehicles were destroyed, while militants inside were killed,” he added.

Iraqi troops were able to return life back to normal in the biggest cities of Anbar including Fallujah, Ramadi and others after recapturing them. However, Anbar’s western towns of Annah, Qaim and Rawa are still held by the extremist group since 2014, when it emerged to proclaim a self-styled Islamic Caliphate.

Fighter jets from the Iraqi army and the international coalition have also regularly pounded IS locations in the province.

Read more: http://www.dinarupdates.com/showthread.php?50480-Iraqi-army-launches-operation-to-clear-western-Anbar-regions-from-IS

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Disclosure (financial promises) from the United Nations for reconstruction

Orient – News Section: The Committee on Economy and Investment parliamentary, on Friday, the promises of the United Nations to help Iraq from its financial allocations for the reconstruction of areas affected by terrorism, stressing that the size of budgets for the coming years is not enough without international support.

Committee member Najeeb Najib said that “the federal budgets are not enough to reconstruct the areas destroyed by the Dahesh,” noting that “the international community has the responsibility to help Iraq financially in the reconstruction,” adding that “the reconstruction process must be studied in a realistic way, Including the removal of mines and rubble and the creation of cities to become livable. ”

“Iraq has received a promise from the United Nations special grant of its budget, and European countries as well as the United States of America promised us financial assistance for reconstruction,” noting that “Iraq fought terrorism on behalf of the world and our support for their duty.”

“Fighting the corruption and spending the money in its rightful place is the first challenge facing Iraq to complete the reconstruction process,” she said, adding that “the areas that have been damaged as a result of receiving and caring for the displaced are supposed to have a share of these funds.”

Read more: http://www.dinarupdates.com/showthread.php?50489-Disclosure-(financial-promises)-from-the-United-Nations-for-reconstruction
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Enorrste   Article:  “The central bank prepares banks and transfer 25 million per month”   Here is my take on this important development.  It occurred to me that what we are seeing here is a plan to use some of the reserves to reduce the money supply in Iraq. The article makes clear that there is not a corruption problem.  However, they are still putting some limits on the exchange (dinars for foreign currency).  Furthermore…the CBI is making it clear up front that the banks will not be allowed to take advantage of the public who wish to purchase foreign currency.  This means that they will be forced to give the foreign currency at the official rate rather than the market rate.  As word of this gets out there will be more and more people who will want to surrender their dinars at that rate, thus saving many dinars by getting the foreign currency below the market rate.   [post 1 of 3….stay tuned]

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

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MadDScout(Dinar Guru) –   Article:  “The Association of Private Banks appoints a temporary chairman”   Quote:  “the president of the association was accused by specialists on many charges, including providing false information to the Central Bank of Iraq to achieve personal benefits…”  I like this one because it speaks to internal house cleaning…House cleaning within the banking association.  It says that eventually being corrupt will be of no gain.

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

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Belgium extends its mission against IS in Iraq and Syria

Belgian Prime Minister Charles Michel announced, on Saturday, that his country decided to extend its mission within the US-led international coalition fighting the Islamic State (IS) in Iraq and Syria.

Michel said that Belgium is an important part of the international coalition against the Islamic State, while added that the Belgian government will allocate 17 million Euros for the military operations against the extremist group.

The current Belgian mission in Iraq and Syria to fight the Islamic State was planned to end this month, but the government decided to extend it for six more months until the end of 2017, Michel explained.

Michek also revealed that the Belgian military will send four F-16 fighter jets along with 100 troops to a base in Jordan to take part in the war against IS in Iraq and Syria.

Read more: http://www.dinarupdates.com/showthread.php?50497-Belgium-extends-its-mission-against-IS-in-Iraq-and-Syria

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Faith is taking the first step even when you don’t see the whole staircase. – Martin Luther King Jr.

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The Central Bank equips banks and transfer companies with 25 million monthly

The central bank currently meets the foreign currency traveler’s quotas through banks and financial transfer companies by 25 million dollars a month, but this process is still surrounded by a lot of impurities, the most important is that some people receive more than the quota (3000 dollars) at a time others can not get Even though they have submitted all the documents required to complete the currency purchase. According to specialists in the economic affairs, all the controls and instructions of the Central Bank and the continuous monitoring to control and facilitate this process, will not be able to control the manipulation in this process, because the documents traveler reaches the Central Bank justified by the Bank can not take any action. These specialists confirm that the elimination of the manipulation will be done only through the application of the comprehensive banking system.

The central bank had launched in 2012 the sale of foreign currency to travelers out of the country by 5000 dinars for tourism and 10 thousand for treatment and then returned last year, and reduced the amount to 3000 dollars, because of the financial crisis experienced by the country. The bank stressed repeatedly that the sale should be completed after the completion of all required documents, and pointed to the possibility of providing the traveler request to the bank in case of need for a larger amount, and warned banks and financial transfer companies from manipulation of quotas, but all that did not work, still Many people find it difficult to get their quotas.

According to economic expert Majid al-Suri in an interview with (the extent), that according to the instructions of the new Central Bank, the citizen holder of the ticket and passport must be the holder of these documents to get the dollar amounts for travel, and no one may come with thirty-four passport To receive the currency, and determined that the holder of the passport is the one who buys the amount allocated to him from the currency only, but despite all these controls and control are still many irregularities, because control is a difficult process, when the documents are justified and present here can not take any A measure, but said: a question At the time it should have been essential, especially since there are beneficiaries of the corruption process taking place in the traveler’s share of the currency, and the manipulation is being done through relations with some bank employees in order to carry out this process; Companies are involved in the matter, which necessitates the central bank to implement the comprehensive banking system, because without this system will not have the ability to monitor all the sale of currency to passengers, expected at the end of his speech, the implementation of the comprehensive banking system soon.

For his part, Director of the Accounting Department at the Central Bank Ihsan Shamran al-Yasiri, said in an interview with (the extent), that the Central Bank currently gives amounts to banks to meet the shares of travelers of the currency, up to 25 million dollars are distributed to banks and companies, which depends on the size of the quota given For the traveler, which is $ 3000 per citizen is willing to travel, not to be repeated the process during the month more than once, stressing: The number of beneficiaries of the sale of the currency may reach hundreds or thousands sometimes, and all banks take these quotas, whether the eligibility Or government, but the largest share is given to private banks.

Yassir admits that the beneficiaries of this system may face some problems with banks, but the process of corruption in its broad range is excluded, continuing to say: As far as the Central Bank is concerned, there is no corruption in this matter. It has set controls, instructions and standards that work according to them. Yes, there may be a failure due to misconduct by companies or complicity with citizens, which is an ongoing issue in all economies, and can not be controlled, but according to the controls also, the citizen who lodges a complaint to the Central Bank not to sell the dollar by the banking company or bank, Here the company must be fined and the money recovered from it and the citizen is compensated for any difference in price.

Read more: http://www.dinarupdates.com/showthread.php?50381-The-Central-Bank-equips-banks-and-transfer-companies-with-25-million-monthly

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Iraq invites 10,000 companies to participate in Baghdad International Fair

Announced Company the public For exhibitions And services Commercial Iraq, Thursday, Directed Invitations For more From 10 Thousands a company To participate at Exhibition Baghdad International .

And he said Director Company the public For exhibitions And services Commercial Iraq Hashem Mohammed at Declaration Journalist Received ” economy News ” version from him, The ” Angels Company ongoing Operation Marketing Field To promote Of the session The 44th exhibition Baghdad International Which Will be held Under Logo ( free us Our land With your cooperation We build ) during Month October the first Next according to plan Well thought out To polarize Larger Number From Companies To participate The course International according to Base data Available I have Company Which Reaches Number More From ten Thousands a company Destination met him Increase “.

“He added That ” process Marketing Were represented at Procedure Visits Field Areas Commercial at Baghdad Which Exist In which Companies Large Known And owns Agencies For companies Foreign And she has Record Posts Featured at Courses Exhibition Baghdad International Former “.

“He was sent Invitations Participation Attached Instructions Special Participating In both languages Arabic And English to me all Companies And authorities Available Data we’ve got And their number More From ten Thousands a company Destination As a meal First “.

Read more: http://www.dinarupdates.com/showthread.php?50375-Iraq-invites-10-000-companies-to-participate-in-Baghdad-International-Fair

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Turkey offers Iraq reconstruction of Mosul

The spokesman for the Turkish President, Ibrahim Kalin, said that Turkey is ready to help Iraq in the reconstruction of Mosul after the liberation of the militants of the “Isis” terrorist.

“We are ready after the end of the process of liberating Mosul completely to rebuild it in addition to building what is destroyed in other Iraqi cities,” Kalin told a news conference in Ankara.

It is noteworthy that the Iraqi army and security forces in addition to the popular mobilization forces headed by the airlift supported by the US-led coalition aircraft and the Iraqi air force, towards the old neighborhoods in Mosul, the last remaining under the control of the terrorist organization “Isis”.

The remaining neighborhoods under the control of the organization’s militants were announced in the western part of Mosul on May 27, and 180,000 civilians are still trapped in those neighborhoods and used by the organization’s militants as human shields.
According to the Iraqi Operations Command, only 500 terrorists remained in the city.

Read more: http://www.dinarupdates.com/showthread.php?50369-Turkey-offers-Iraq-reconstruction-of-Mosul

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BGG   [kinda get the feeling that this is never gona happen and eventually they will go to the dollar.With all the support and conversation with the IMF – WB – UN… that is not the posture they are preparing…everything they are (the above mentioned groups) projecting lately is the image of progress.

Read more:  http://www.dinarupdates.com/observer/
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BGG (Dinar Guru) –    Mosul is it… I have said all along…I would like to see what the news cycle looks like right after Mosul is done.   I had some guy message me “why is Mosul taking so long“?   They are dug in – they know they will die and have NOTHING TO LOSE…this may take just a bit..let’s all just take a breath and let this whole thing play out…and then… I also said – I want to get a feel for what the News Cycles look like after – for a week or two…this will be the tale of the tape.  …sit back…and let them do their thing…and BTW – it’s not like they haven’t told us in so many ways – what they intend to do.  They have – over and over and over and over.

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

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The first investment conference was held for the end of July

Trend Press / Baghdad The Chairman of the Sub-Committee for Investment in the House of Representatives Burhan Mamouri agreed with the National Investment Commission to hold a special investment conference in Diyala province to view all investment opportunities in the province and in various sectors.

Al-Maamouri said in a statement received by “Trend Press” on a copy of it, “he met with the President of the National Investment Commission Sami Araji and it was agreed to hold a special investment conference in Diyala in late July or early August, which will be presented all the investment opportunities available in the province and include various sectors “Agricultural, industrial, health, education, transport, public services, infrastructure projects, housing,” noting that “a committee formed in the National Investment Commission for the preparation and urbanization of this conference.”

He added that “the trend towards investment is the only solution to improve the service and urban reality of the province and funding new projects in the field of infrastructure and job creation for young people, especially in the light of low oil prices and the absence of a state budget to finance these projects, noting that the province and during the past three years did not receive any Amounts within the general budget, which led to the cessation of all projects and the inability to maintain the service needs of citizens with increasing population growth in addition to the widespread phenomenon of unemployment among young people.

Al-Mamouri said that the committee of economy and investment parliamentary was able to complete the new investment law and vote on it in the House of Representatives, which is one of the best investment laws since the emergence of the Iraqi state, where exceeded all previous problems that were impeding the process of investment in all areas and provided facilities and privileges for large domestic and foreign investors And work at the beginning of a single window in coordination with the National Investment Commission. ”

He called on “all local and foreign investors to participate in the conference and to see the investment opportunities available in the province of Diyala, noting that the province has a large natural and human resources and a location that allows it to play an important role in the trade process being the link between the north and center of the country and has border crossings with The Islamic Republic of Iran in addition to its proximity to the capital Baghdad. ”

Read more: http://www.dinarupdates.com/showthread.php?50378-The-first-investment-conference-was-held-for-the-end-of-July

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Election of Iraq to the Governing Council of the International Labor Organization

Trend Press / Baghdad The State Department announced on Thursday that Iraq was elected as an alternate member of the ILO Governing Body for the 2017-2020 term for the West Asian Group.

“Iraq was elected an alternate member of the ILO Governing Body for the period 2017-2020 for the West Asia Sub-Group during the elections held during the 106th Session of the International Labor Conference At the organization’s headquarters in Geneva. ”

The statement added that “Iraq has 210 votes out of 253 votes, although the number of votes required on the complex is 127, which makes the second Iraq on his group (ASPAG).”

The statement said that “this victory in the framework of the efforts of the State Department to mobilize international support and support to restore Iraq to its leading position in the international community and access to advanced positions in the United Nations and its competent agencies.”

Read more: http://www.dinarupdates.com/showthread.php?50379-Election-of-Iraq-to-the-Governing-Council-of-the-International-Labor-Organization
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The Iraqi parliament welcomes the adoption of trade for the first time on two articles of supply from the local product

A member of the House of Representatives Hammam Hamoudi welcomed the adoption by the Ministry of Commerce on the local product in the provision of ration card items of “sugar and edible oil” for the first time since 2003, considering it an important step towards supporting the national product and stopping the external importer.

Hamoudi stressed the need to continue this step and expand it in order to contribute to the advancement of the processing of food “Iraqi” through the factories of the national stalled and the workers sincere and adapted to the needs of the citizen.

Read more:  http://www.dinarupdates.com/showthread.php?50289-The-Iraqi-parliament-welcomes-the-adoption-of-trade-for-the-first-time-on-two-article

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Kaperoni (Dinar Guru)   […is it better for Iraq to rebuild itself at the present rate or at a re- established rate?]   …at this point and time, it does not matter what the exchange rate is regarding rebuilding…since the primary source of revenue is oil sales (95%) which is paid in dollars.  And since the dinar is not globally convertible, Iraq pays for goods in dollars.  So in that sense they are on the same playing field we are on in the US when we pay for goods.   The real benefit comes when the CBI can begin to raise the value to offset inflationary pressure created by investors and investment along with meeting  IMF Article VIII compliance.  The result will eventually give the citizens a better life, greater purchasing power and most importantly the ability for the CBI to keep its dollars and pay in dinars. 

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

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Cabinet votes to release salaries of Nineveh employees

[Asharq Al-Awsat] The Iraqi Council of Ministers voted during its weekly session on Tuesday to release the salaries of Nineveh province employees who have been found not to be linked to the organization.

A statement issued by the office of Prime Minister Haider al-Abbadi and told Ashqaf News that the vote on the release of salaries of employees of the province of Nineveh, who checked security by the security audit team of the Ministry of Interior or by the national security.

The Council also voted to approve the recommendation of the emergency meeting of the Civil Crisis Management Unit concerning the exclusion of the Ministry of Construction, Housing, Municipalities, Public Works and the Municipality of Baghdad in paragraph (3) of the Council of Ministers Resolution No. 329 of 2015, 2017 for purposes of water purification exclusively.

A position was also presented to prepare the employees who received their salaries in the liberated areas and to prepare those who did not receive their salaries with a statement of reasons.

The Council decided to form an operations room in the Ministry of Finance to resolve the problems that appear when the Ministry of Finance audit of payroll lists and continue its work after the official working hours until the completion of the task in the presence of directors of formations responsible for salaries from ministries whose salaries were delayed in Nineveh province.

The Council of Ministers instructed the Ministry of Health to complete the required numbers for grades (central appointments) and submit them to the Ministry of Finance and the Ministry of Finance to include the required allocations within the supplementary budget for 2017.

A vote was also made on the payment of dues to the truck drivers of the Ministry of Commerce, which contributes to support the security forces.

The vote on funding allocations of the Ministry of Education, and directing the Ministry of Finance to open documentary credit for the purchase of textbooks in the form of financial optimization and depending on the allocations approved by the Ministry.

The Council discussed the treatment of traffic jams in the province of Baghdad and was presented a study at the short, medium and long.

Read more: http://www.dinarupdates.com/showthread.php?50286-Cabinet-votes-to-release-salaries-of-Nineveh-employees

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BGG (Dinar Guru) –   “Our economy is space. Monetary policy is an example”  The…article is a VERY HARD translation – BUT IMHO FILLED with DEAD GIVE-AWAYS!  …for those pouting about not being rich yet – this is one more log on the FIRE!  What it means is – they are doing things (up until now) this economist doesn’t understand and can’t explain.  Quotes:  “…we urgently need a new economic philosophy that leads to generating development And to expand the supply and demand for local production in all its variants, especially in an important aspect of monetary policy is dealing with the value of the development of the dinar or the liberation of the value of the dinar...”  “The liberalization or floating of the currency is not strange or innovative in the money market, it is a tool of the monetary policy…”  BOOOOM…That’s all I have to say. That is a DIRECT narrative on the state of the currency value in Iraq. This was published yesterday.  Cannot be anymore direct.

Read more: http://www.dinarupdates.com/observer
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Grant for the development of Iraqi ports

Economy News _ Baghdad: The Ministry of Transport announced Thursday that it has received a grant from the United Nations Educational, Scientific and Cultural Organization (UNESCO) for the rehabilitation and development of ports in the country.

The Director of Media Iraqi Ports Company of the Ministry, Nimr Abdel-Moneim net in a press statement received by “Economy News”, “The company is in receipt of a grant by the United Nations (UNICTAD) of the United Nations, to develop the reality of ports in the country, Lists the needs and requirements of all ports, in addition to the requirements of the Institute of ports of equipment and training devices, noting that the Institute continues to establish training courses to develop the capabilities of the staff working in this area.

He added that the company is working within the framework of an expanded plan to develop and qualify all ports in the country in order to raise the financial revenues of the company in particular and the treasury of the state in general, pointing out at the same time that it intends to establish a container terminal at the port of Faw after the arrival of the project of the Caspian East and West stages Advanced achievement “.

Al-Safi pointed out that “the company has implemented several projects during the past period, contributed to improving the financial reality, including projects, the establishment of new berths and improve the depth drilling to allow the entry of giant vessels to increase the movement of trade.”

He explained that “ports are at the time besieging an important commercial center in the transport of goods, especially as the country enjoys an important strategic position, which contributes to the increase of ports, which is becoming an important economic resource for the country and provide job opportunities for the unemployed.

The province of Basra has a number of ports, Umm Qasr, Khor al-Zubayr and Abu Flus, and the stronghold, while work is underway on the completion of the port of Faw to be one of the largest ports in the region.

Read more: http://www.dinarupdates.com/showthread.php?50373-Grant-for-the-development-of-Iraqi-ports

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Kaperoni (Dinar Guru) –  Artile:  “Experts: float the currency needs to be a productive economy and not Rieia (rentier)”   Quote:   “…to float the currency now in Iraq can not talk about that simple, as needed to advance measures…it could be done if the transformation of the Iraqi economy from a yield to productive…”  This is actually a really good article because they state very clearly that under the current conditions they cannot float the dinar…and only once the market economy begins can they do so So we continue to wait for Iraq to set the stage for investment.  Pass the needed laws, get the dinar in compliance with the IMF, etc.  to move to Article VIII.  Only then will we see the dinar float and rise based on market forces I am hopeful that yet this year we can see that happen.

Read more: http://www.dinarupdates.com/observer
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BGG (Dinar Guru) –   I am very excited about the current state of things. I am very excited about the next short time frame… I think we are in an incredible window of time right now…and I do feel – if things advance as they have been – we could be very, very close. Maybe not today or tomorrow, but legitimately CLOSE. Unlike ever before.  (keep in mind – we have been close before – the CBI had planned on 2013? sometime and put it off). According to the SIGR Report.  We are close.  REAL CLOSE.

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

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BGG (Dinar Guru) –   Article:  “Iraq offers compensation settlement and Kuwaiti debt against investment”   Quote:  “…the meeting also discussed the file of compensation with the State of Kuwait and ways to settle through the window of investment inside Iraq.“.   two separate items talked about – how to pay back Kuwait (not to be confused with) – their eagerness to settle investments inside Iraq?  One of the big problems needing dealt with – is they have few mechanisms in place to safe guard investors. Why would the IMF care about Iraqi investors. They don’t – this is referring to OUTSIDE investors. Period.  Really good news – entering final talks – it appears.

Read more: http://www.dinarupdates.com/observer/
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Kaperoni (Dinar Guru) –   Article:  “ATMs for MasterCard card users”   …it is fun to watch all the pieces be put in place for the economy to take off.  Iraq is literally going from the stone age to the 21st century with technology in a few years.

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

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Adam Montana (Dinar Guru) –   [What will happen to the other major currencies when the CBI RV’s the IQD/USD exchange rate? The countries using the EUR, the GBP, the CHF, the JPY, and the CNY all have international corporations invested in Iraqi oil with contracts based on today’s exchange rates.  How will a radical upward IQD/USD RV (which effectively decreases the value of the USD against the IQD) affect the EUR/USD and the GBP/USD and the CHF/USD and the JPY/USD and the CNY/USD exchange rates?  Will these other major global currencies also be devalued and what in your opinion will that do to an already stressed global economy?]  This is a great question, because it opens up the floor to discuss how an RV is really a zero-sum game, mostly because we are talking about a fiat currency. When the FED prints more USD, we don’t actually gain that money.  It just dilutes the dollar a little bit more.  IQD, and an RV of the currency, works the same way, just on a global scale. My opinion is that almost every other currency will take a slight hit, and then rebound once the IQD rate stabilizes, and within about a month all currencies will be back to normal… except the IQD will be dramatically different than it was a month prior.

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

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Iraqi Dinar/Dollar auction 06-15-17 (most recent listing)

Currency Auctions Announcement No. 3466

This daily currency auction was held in the Central Bank of Iraq on the 06-15-2017

DETAILS NOTES
Number of banks 40
Number of remittance companies 10
Amount sold at auction price (US$) 165,143,468
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 165,143,468
Total offers for selling (US$) —–

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

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CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1326.435 1325.772
British pound GBP 1506.936 1506.183
Canadian dollar CAD 894.057 893.610
Swiss franc CHF 1220.619 1220.008
Swedish krona SEK 136.365 136.297
Norwegian krone NOK 140.900 140.830
Danish krone DKK 178.372 178.283
Japanese yen JPY 10.759 10.759
Special
Drawing Rights
SDR 1637.389 1637.389

Indicative rates – 06.15.2017

http://www.cbi.iq

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Thanks – BGG!!

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Posted in Daily Dinar Updates | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Dinar Daily NEWS Blog – June 17th

Dinar Daily NEWS Blog – June 16th

Iraqi Army recaptures villages in western Mosul

Units of the 15th Brigade in the Iraqi Army have recaptured villages of al-Zanazil, Abu Kodoor and Kanisah, located east of al-Kask-al-Mahlabiya road in western Mosul, “We Are Coming, Nineveh” Operations Command’s War Media Cell said on Friday.

It noted that soldiers of these units raised the Iraqi flag over the governmental buildings of these villages.

Currently, the units are combing the villages located in the western axis to liberate other villages in Kask.

Security forces, backed by International Coalition air raids and logistic support of the US army, have retaken eastern Mosul and most of its western part after eight months of battles. These forces are focusing now on controlling the Old City’s districts.

It is estimated that there are a few of ISIS terrorists left in the second largest city of Iraq. It is expected that they will desperately defend the last pocket of the city that has been once their main stronghold in Iraq.

Read more: http://www.dinarupdates.com/showthread.php?50426-Iraqi-Army-recaptures-villages-in-western-Mosul
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Exclusive: Parts freed so far in Mosul explained on map

Iraqi Joint Operations Command has released a map showing the areas controlled by ISIS terrorist organization in Mosul were shrinking, The Baghdad Post reported Thursday.

The map, released by War Media Cell, shows the security forces recapturing most of the neighborhoods on the right bank of Mosul and the shrinking of the area controlled by terrorist elements.

On the map, the spots marked in green represent the previously ISIS-held areas that have been liberated.

The white spots refer to the areas still controlled by ISIS. While the red spots .refer to areas that are witnessing military clashes between the Iraqi army and the terror group.

The publication of this map comes after 242 days of military operations within the ranks of the ‘We Are Coming, Nineveh’ offensive.

Meanwhile, Iraqi Defense Ministry has published two maps for Iraq before and after the dominance of ISIS terrorists.

Read more: http://www.dinarupdates.com/showthread.php?50411-Exclusive-Parts-freed-so-far-in-Mosul-explained-on-map
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Enorrste   Article:  “The central bank prepares banks and transfer 25 million per month”   Here is my take on this important development.  It occurred to me that what we are seeing here is a plan to use some of the reserves to reduce the money supply in Iraq. The article makes clear that there is not a corruption problem.  However, they are still putting some limits on the exchange (dinars for foreign currency).  Furthermore…the CBI is making it clear up front that the banks will not be allowed to take advantage of the public who wish to purchase foreign currency.  This means that they will be forced to give the foreign currency at the official rate rather than the market rate.  As word of this gets out there will be more and more people who will want to surrender their dinars at that rate, thus saving many dinars by getting the foreign currency below the market rate.   [post 1 of 3….stay tuned]

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

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MadDScout(Dinar Guru) –   Article:  “The Association of Private Banks appoints a temporary chairman”   Quote:  “the president of the association was accused by specialists on many charges, including providing false information to the Central Bank of Iraq to achieve personal benefits…”  I like this one because it speaks to internal house cleaning…House cleaning within the banking association.  It says that eventually being corrupt will be of no gain.

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

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Security forces advance towards Great Nuri Mosque in Mosul right bank

Iraqi security forces have pushed deep into Great al-Nuri Mosque in the Old City of Mosul district in the right bank of Mosul on Friday.

Federal Police forces are currently 200 meters away from the Mosque’s vicinity.

These forces are putting efforts into creating safe passages for civilian families so they can escape to safety, Federal Police Captain Samir Mohamed told The Baghdad Post.

He added that security forces’ slow pace in these battles is due to the nature of the area as it’s densely populated.

He also asserted that ISIS terrorists use civilians as human shields to halt the advancement of the Iraqi forces in the right bank of Mosul.

Great al-Nuri Mosque holds huge significance to ISIS terrorists, as their leader Abu Bakr al-Baghdadi announced his so-called calipahte from this mosque, its fall will be a huge blow to ISIS’ morale.

These efforts come as part of an offensive launched on 19th of February by the US-backed Iraqi security forces, supported by Iranian-backed sectarian IMIS Shiite militias, to oust ISIS terrorists from Mosul, their last major stronghold in Iraq.

Read more: http://www.dinarupdates.com/showthread.php?50423-Security-forces-advance-towards-Great-Nuri-Mosque-in-Mosul-right-bank

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The Central Bank equips banks and transfer companies with 25 million monthly

The central bank currently meets the foreign currency traveler’s quotas through banks and financial transfer companies by 25 million dollars a month, but this process is still surrounded by a lot of impurities, the most important is that some people receive more than the quota (3000 dollars) at a time others can not get Even though they have submitted all the documents required to complete the currency purchase. According to specialists in the economic affairs, all the controls and instructions of the Central Bank and the continuous monitoring to control and facilitate this process, will not be able to control the manipulation in this process, because the documents traveler reaches the Central Bank justified by the Bank can not take any action. These specialists confirm that the elimination of the manipulation will be done only through the application of the comprehensive banking system.

The central bank had launched in 2012 the sale of foreign currency to travelers out of the country by 5000 dinars for tourism and 10 thousand for treatment and then returned last year, and reduced the amount to 3000 dollars, because of the financial crisis experienced by the country. The bank stressed repeatedly that the sale should be completed after the completion of all required documents, and pointed to the possibility of providing the traveler request to the bank in case of need for a larger amount, and warned banks and financial transfer companies from manipulation of quotas, but all that did not work, still Many people find it difficult to get their quotas.

According to economic expert Majid al-Suri in an interview with (the extent), that according to the instructions of the new Central Bank, the citizen holder of the ticket and passport must be the holder of these documents to get the dollar amounts for travel, and no one may come with thirty-four passport To receive the currency, and determined that the holder of the passport is the one who buys the amount allocated to him from the currency only, but despite all these controls and control are still many irregularities, because control is a difficult process, when the documents are justified and present here can not take any A measure, but said: a question At the time it should have been essential, especially since there are beneficiaries of the corruption process taking place in the traveler’s share of the currency, and the manipulation is being done through relations with some bank employees in order to carry out this process; Companies are involved in the matter, which necessitates the central bank to implement the comprehensive banking system, because without this system will not have the ability to monitor all the sale of currency to passengers, expected at the end of his speech, the implementation of the comprehensive banking system soon.

For his part, Director of the Accounting Department at the Central Bank Ihsan Shamran al-Yasiri, said in an interview with (the extent), that the Central Bank currently gives amounts to banks to meet the shares of travelers of the currency, up to 25 million dollars are distributed to banks and companies, which depends on the size of the quota given For the traveler, which is $ 3000 per citizen is willing to travel, not to be repeated the process during the month more than once, stressing: The number of beneficiaries of the sale of the currency may reach hundreds or thousands sometimes, and all banks take these quotas, whether the eligibility Or government, but the largest share is given to private banks.

Yassir admits that the beneficiaries of this system may face some problems with banks, but the process of corruption in its broad range is excluded, continuing to say: As far as the Central Bank is concerned, there is no corruption in this matter. It has set controls, instructions and standards that work according to them. Yes, there may be a failure due to misconduct by companies or complicity with citizens, which is an ongoing issue in all economies, and can not be controlled, but according to the controls also, the citizen who lodges a complaint to the Central Bank not to sell the dollar by the banking company or bank, Here the company must be fined and the money recovered from it and the citizen is compensated for any difference in price.

Read more: http://www.dinarupdates.com/showthread.php?50381-The-Central-Bank-equips-banks-and-transfer-companies-with-25-million-monthly

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Iraq invites 10,000 companies to participate in Baghdad International Fair

Announced Company the public For exhibitions And services Commercial Iraq, Thursday, Directed Invitations For more From 10 Thousands a company To participate at Exhibition Baghdad International .

And he said Director Company the public For exhibitions And services Commercial Iraq Hashem Mohammed at Declaration Journalist Received ” economy News ” version from him, The ” Angels Company ongoing Operation Marketing Field To promote Of the session The 44th exhibition Baghdad International Which Will be held Under Logo ( free us Our land With your cooperation We build ) during Month October the first Next according to plan Well thought out To polarize Larger Number From Companies To participate The course International according to Base data Available I have Company Which Reaches Number More From ten Thousands a company Destination met him Increase “.

“He added That ” process Marketing Were represented at Procedure Visits Field Areas Commercial at Baghdad Which Exist In which Companies Large Known And owns Agencies For companies Foreign And she has Record Posts Featured at Courses Exhibition Baghdad International Former “.

“He was sent Invitations Participation Attached Instructions Special Participating In both languages Arabic And English to me all Companies And authorities Available Data we’ve got And their number More From ten Thousands a company Destination As a meal First “.

Read more: http://www.dinarupdates.com/showthread.php?50375-Iraq-invites-10-000-companies-to-participate-in-Baghdad-International-Fair

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Turkey offers Iraq reconstruction of Mosul

The spokesman for the Turkish President, Ibrahim Kalin, said that Turkey is ready to help Iraq in the reconstruction of Mosul after the liberation of the militants of the “Isis” terrorist.

“We are ready after the end of the process of liberating Mosul completely to rebuild it in addition to building what is destroyed in other Iraqi cities,” Kalin told a news conference in Ankara.

It is noteworthy that the Iraqi army and security forces in addition to the popular mobilization forces headed by the airlift supported by the US-led coalition aircraft and the Iraqi air force, towards the old neighborhoods in Mosul, the last remaining under the control of the terrorist organization “Isis”.

The remaining neighborhoods under the control of the organization’s militants were announced in the western part of Mosul on May 27, and 180,000 civilians are still trapped in those neighborhoods and used by the organization’s militants as human shields.
According to the Iraqi Operations Command, only 500 terrorists remained in the city.

Read more: http://www.dinarupdates.com/showthread.php?50369-Turkey-offers-Iraq-reconstruction-of-Mosul

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BGG   [kinda get the feeling that this is never gona happen and eventually they will go to the dollar.With all the support and conversation with the IMF – WB – UN… that is not the posture they are preparing…everything they are (the above mentioned groups) projecting lately is the image of progress.

Read more:  http://www.dinarupdates.com/observer/
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BGG (Dinar Guru) –    Mosul is it… I have said all along…I would like to see what the news cycle looks like right after Mosul is done.   I had some guy message me “why is Mosul taking so long“?   They are dug in – they know they will die and have NOTHING TO LOSE…this may take just a bit..let’s all just take a breath and let this whole thing play out…and then… I also said – I want to get a feel for what the News Cycles look like after – for a week or two…this will be the tale of the tape.  …sit back…and let them do their thing…and BTW – it’s not like they haven’t told us in so many ways – what they intend to do.  They have – over and over and over and over.

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

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The first investment conference was held for the end of July

Trend Press / Baghdad The Chairman of the Sub-Committee for Investment in the House of Representatives Burhan Mamouri agreed with the National Investment Commission to hold a special investment conference in Diyala province to view all investment opportunities in the province and in various sectors.

Al-Maamouri said in a statement received by “Trend Press” on a copy of it, “he met with the President of the National Investment Commission Sami Araji and it was agreed to hold a special investment conference in Diyala in late July or early August, which will be presented all the investment opportunities available in the province and include various sectors “Agricultural, industrial, health, education, transport, public services, infrastructure projects, housing,” noting that “a committee formed in the National Investment Commission for the preparation and urbanization of this conference.”

He added that “the trend towards investment is the only solution to improve the service and urban reality of the province and funding new projects in the field of infrastructure and job creation for young people, especially in the light of low oil prices and the absence of a state budget to finance these projects, noting that the province and during the past three years did not receive any Amounts within the general budget, which led to the cessation of all projects and the inability to maintain the service needs of citizens with increasing population growth in addition to the widespread phenomenon of unemployment among young people.

Al-Mamouri said that the committee of economy and investment parliamentary was able to complete the new investment law and vote on it in the House of Representatives, which is one of the best investment laws since the emergence of the Iraqi state, where exceeded all previous problems that were impeding the process of investment in all areas and provided facilities and privileges for large domestic and foreign investors And work at the beginning of a single window in coordination with the National Investment Commission. ”

He called on “all local and foreign investors to participate in the conference and to see the investment opportunities available in the province of Diyala, noting that the province has a large natural and human resources and a location that allows it to play an important role in the trade process being the link between the north and center of the country and has border crossings with The Islamic Republic of Iran in addition to its proximity to the capital Baghdad. ”

Read more: http://www.dinarupdates.com/showthread.php?50378-The-first-investment-conference-was-held-for-the-end-of-July

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Election of Iraq to the Governing Council of the International Labor Organization

Trend Press / Baghdad The State Department announced on Thursday that Iraq was elected as an alternate member of the ILO Governing Body for the 2017-2020 term for the West Asian Group.

“Iraq was elected an alternate member of the ILO Governing Body for the period 2017-2020 for the West Asia Sub-Group during the elections held during the 106th Session of the International Labor Conference At the organization’s headquarters in Geneva. ”

The statement added that “Iraq has 210 votes out of 253 votes, although the number of votes required on the complex is 127, which makes the second Iraq on his group (ASPAG).”

The statement said that “this victory in the framework of the efforts of the State Department to mobilize international support and support to restore Iraq to its leading position in the international community and access to advanced positions in the United Nations and its competent agencies.”

Read more: http://www.dinarupdates.com/showthread.php?50379-Election-of-Iraq-to-the-Governing-Council-of-the-International-Labor-Organization

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We hold these truths to be self-evident: that all men are created equal; that they are endowed by their Creator with certain unalienable rights; that among these are life, liberty, and the pursuit of happiness.   – Thomas Jefferson

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The Iraqi parliament welcomes the adoption of trade for the first time on two articles of supply from the local product

A member of the House of Representatives Hammam Hamoudi welcomed the adoption by the Ministry of Commerce on the local product in the provision of ration card items of “sugar and edible oil” for the first time since 2003, considering it an important step towards supporting the national product and stopping the external importer.

Hamoudi stressed the need to continue this step and expand it in order to contribute to the advancement of the processing of food “Iraqi” through the factories of the national stalled and the workers sincere and adapted to the needs of the citizen.

Read more:  http://www.dinarupdates.com/showthread.php?50289-The-Iraqi-parliament-welcomes-the-adoption-of-trade-for-the-first-time-on-two-article

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Kaperoni (Dinar Guru)   […is it better for Iraq to rebuild itself at the present rate or at a re- established rate?]   …at this point and time, it does not matter what the exchange rate is regarding rebuilding…since the primary source of revenue is oil sales (95%) which is paid in dollars.  And since the dinar is not globally convertible, Iraq pays for goods in dollars.  So in that sense they are on the same playing field we are on in the US when we pay for goods.   The real benefit comes when the CBI can begin to raise the value to offset inflationary pressure created by investors and investment along with meeting  IMF Article VIII compliance.  The result will eventually give the citizens a better life, greater purchasing power and most importantly the ability for the CBI to keep its dollars and pay in dinars. 

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

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Cabinet votes to release salaries of Nineveh employees

[Asharq Al-Awsat] The Iraqi Council of Ministers voted during its weekly session on Tuesday to release the salaries of Nineveh province employees who have been found not to be linked to the organization.

A statement issued by the office of Prime Minister Haider al-Abbadi and told Ashqaf News that the vote on the release of salaries of employees of the province of Nineveh, who checked security by the security audit team of the Ministry of Interior or by the national security.

The Council also voted to approve the recommendation of the emergency meeting of the Civil Crisis Management Unit concerning the exclusion of the Ministry of Construction, Housing, Municipalities, Public Works and the Municipality of Baghdad in paragraph (3) of the Council of Ministers Resolution No. 329 of 2015, 2017 for purposes of water purification exclusively.

A position was also presented to prepare the employees who received their salaries in the liberated areas and to prepare those who did not receive their salaries with a statement of reasons.

The Council decided to form an operations room in the Ministry of Finance to resolve the problems that appear when the Ministry of Finance audit of payroll lists and continue its work after the official working hours until the completion of the task in the presence of directors of formations responsible for salaries from ministries whose salaries were delayed in Nineveh province.

The Council of Ministers instructed the Ministry of Health to complete the required numbers for grades (central appointments) and submit them to the Ministry of Finance and the Ministry of Finance to include the required allocations within the supplementary budget for 2017.

A vote was also made on the payment of dues to the truck drivers of the Ministry of Commerce, which contributes to support the security forces.

The vote on funding allocations of the Ministry of Education, and directing the Ministry of Finance to open documentary credit for the purchase of textbooks in the form of financial optimization and depending on the allocations approved by the Ministry.

The Council discussed the treatment of traffic jams in the province of Baghdad and was presented a study at the short, medium and long.

Read more: http://www.dinarupdates.com/showthread.php?50286-Cabinet-votes-to-release-salaries-of-Nineveh-employees

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BGG (Dinar Guru) –   “Our economy is space. Monetary policy is an example”  The…article is a VERY HARD translation – BUT IMHO FILLED with DEAD GIVE-AWAYS!  …for those pouting about not being rich yet – this is one more log on the FIRE!  What it means is – they are doing things (up until now) this economist doesn’t understand and can’t explain.  Quotes:  “…we urgently need a new economic philosophy that leads to generating development And to expand the supply and demand for local production in all its variants, especially in an important aspect of monetary policy is dealing with the value of the development of the dinar or the liberation of the value of the dinar...”  “The liberalization or floating of the currency is not strange or innovative in the money market, it is a tool of the monetary policy…”  BOOOOM…That’s all I have to say. That is a DIRECT narrative on the state of the currency value in Iraq. This was published yesterday.  Cannot be anymore direct.

Read more: http://www.dinarupdates.com/observer
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Grant for the development of Iraqi ports

Economy News _ Baghdad: The Ministry of Transport announced Thursday that it has received a grant from the United Nations Educational, Scientific and Cultural Organization (UNESCO) for the rehabilitation and development of ports in the country.

The Director of Media Iraqi Ports Company of the Ministry, Nimr Abdel-Moneim net in a press statement received by “Economy News”, “The company is in receipt of a grant by the United Nations (UNICTAD) of the United Nations, to develop the reality of ports in the country, Lists the needs and requirements of all ports, in addition to the requirements of the Institute of ports of equipment and training devices, noting that the Institute continues to establish training courses to develop the capabilities of the staff working in this area.

He added that the company is working within the framework of an expanded plan to develop and qualify all ports in the country in order to raise the financial revenues of the company in particular and the treasury of the state in general, pointing out at the same time that it intends to establish a container terminal at the port of Faw after the arrival of the project of the Caspian East and West stages Advanced achievement “.

Al-Safi pointed out that “the company has implemented several projects during the past period, contributed to improving the financial reality, including projects, the establishment of new berths and improve the depth drilling to allow the entry of giant vessels to increase the movement of trade.”

He explained that “ports are at the time besieging an important commercial center in the transport of goods, especially as the country enjoys an important strategic position, which contributes to the increase of ports, which is becoming an important economic resource for the country and provide job opportunities for the unemployed.

The province of Basra has a number of ports, Umm Qasr, Khor al-Zubayr and Abu Flus, and the stronghold, while work is underway on the completion of the port of Faw to be one of the largest ports in the region.

Read more: http://www.dinarupdates.com/showthread.php?50373-Grant-for-the-development-of-Iraqi-ports

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Kaperoni (Dinar Guru) –  Artile:  “Experts: float the currency needs to be a productive economy and not Rieia (rentier)”   Quote:   “…to float the currency now in Iraq can not talk about that simple, as needed to advance measures…it could be done if the transformation of the Iraqi economy from a yield to productive…”  This is actually a really good article because they state very clearly that under the current conditions they cannot float the dinar…and only once the market economy begins can they do so So we continue to wait for Iraq to set the stage for investment.  Pass the needed laws, get the dinar in compliance with the IMF, etc.  to move to Article VIII.  Only then will we see the dinar float and rise based on market forces I am hopeful that yet this year we can see that happen.

Read more: http://www.dinarupdates.com/observer
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BGG (Dinar Guru) –   I am very excited about the current state of things. I am very excited about the next short time frame… I think we are in an incredible window of time right now…and I do feel – if things advance as they have been – we could be very, very close. Maybe not today or tomorrow, but legitimately CLOSE. Unlike ever before.  (keep in mind – we have been close before – the CBI had planned on 2013? sometime and put it off). According to the SIGR Report.  We are close.  REAL CLOSE.

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

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BGG (Dinar Guru) –   Article:  “Iraq offers compensation settlement and Kuwaiti debt against investment”   Quote:  “…the meeting also discussed the file of compensation with the State of Kuwait and ways to settle through the window of investment inside Iraq.“.   two separate items talked about – how to pay back Kuwait (not to be confused with) – their eagerness to settle investments inside Iraq?  One of the big problems needing dealt with – is they have few mechanisms in place to safe guard investors. Why would the IMF care about Iraqi investors. They don’t – this is referring to OUTSIDE investors. Period.  Really good news – entering final talks – it appears.

Read more: http://www.dinarupdates.com/observer/
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Kaperoni (Dinar Guru) –   Article:  “ATMs for MasterCard card users”   …it is fun to watch all the pieces be put in place for the economy to take off.  Iraq is literally going from the stone age to the 21st century with technology in a few years.

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

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Adam Montana (Dinar Guru) –   [What will happen to the other major currencies when the CBI RV’s the IQD/USD exchange rate? The countries using the EUR, the GBP, the CHF, the JPY, and the CNY all have international corporations invested in Iraqi oil with contracts based on today’s exchange rates.  How will a radical upward IQD/USD RV (which effectively decreases the value of the USD against the IQD) affect the EUR/USD and the GBP/USD and the CHF/USD and the JPY/USD and the CNY/USD exchange rates?  Will these other major global currencies also be devalued and what in your opinion will that do to an already stressed global economy?]  This is a great question, because it opens up the floor to discuss how an RV is really a zero-sum game, mostly because we are talking about a fiat currency. When the FED prints more USD, we don’t actually gain that money.  It just dilutes the dollar a little bit more.  IQD, and an RV of the currency, works the same way, just on a global scale. My opinion is that almost every other currency will take a slight hit, and then rebound once the IQD rate stabilizes, and within about a month all currencies will be back to normal… except the IQD will be dramatically different than it was a month prior.

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

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Click this link to join the DU “private” FaceBook Group…

https://www.facebook.com/groups/571383766355188/

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Iraqi Dinar/Dollar auction 06-15-17 (most recent listing)

Currency Auctions Announcement No. 3466

This daily currency auction was held in the Central Bank of Iraq on the 06-15-2017

DETAILS NOTES
Number of banks 40
Number of remittance companies 10
Amount sold at auction price (US$) 165,143,468
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 165,143,468
Total offers for selling (US$) —–

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

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CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1326.435 1325.772
British pound GBP 1506.936 1506.183
Canadian dollar CAD 894.057 893.610
Swiss franc CHF 1220.619 1220.008
Swedish krona SEK 136.365 136.297
Norwegian krone NOK 140.900 140.830
Danish krone DKK 178.372 178.283
Japanese yen JPY 10.759 10.759
Special
Drawing Rights
SDR 1637.389 1637.389

Indicative rates – 06.15.2017

http://www.cbi.iq

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Posted in Daily Dinar Updates | Tagged , , , , , , , , , , , , , , , , , , , , | Comments Off on Dinar Daily NEWS Blog – June 16th

Dinar Daily NEWS Blog – June 15th

Exclusive: Parts freed so far in Mosul explained on map 

An updated version of Mosul’s map showing the latest developments in the battle to oust ISIS from occupied districts in the city’s right bank has been obtained by The Baghdad Post on Wednesday.

On the map, the spots marked in green represent the previously ISIS-held areas that have been liberated.

As the map shows, the white spots represent the parts of the war-torn city where ISIS is still controlling.

In Mosul, there are areas still witnessing clashes between the Iraqi forces, backed by international coalition, and ISIS terrorists. They are marked in orange on the map.

On Tuesday, two ISIS commanders were arrested in Abu Ghraib city, located in west of the Iraqi capital, Baghdad Operations Command announced.

Hundreds of people have been poisoned of spoiled food at camps for displaced people near the Iraqi city of Mosul.

In a statement, the Nineveh Media Center said it renews its commitment to neutrality when covering stories of the battles and the other issues. Our aim is nothing but the truth, the statement concluded.

Publishing the maps relating to the progress of the Iraqi forces in Mosul is done after contacts with multiple military sources and local officials, it added.

Iraqi Forces launched a major offensive on 19th of February to retake the western part of Mosul after declaring total control of the eastern part of the city on 24th of January as part of the military operations to liberate the city that started on 17th of October 2016.

Read more: http://www.dinarupdates.com/showthread.php?50355-Exclusive-Parts-freed-so-far-in-Mosul-explained-on-map-June-14-2017-11-06-PM
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follow Dinar Updates on twitterDinar Updates – “Conference Call” w/BGG & Company Phone #641-715-3640  Pin# 528733!!   June 16th  –  8:00 pm CST – !!

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Enorrste   Article:  “The central bank prepares banks and transfer 25 million per month”   Here is my take on this important development.  It occurred to me that what we are seeing here is a plan to use some of the reserves to reduce the money supply in Iraq. The article makes clear that there is not a corruption problem.  However, they are still putting some limits on the exchange (dinars for foreign currency).  Furthermore…the CBI is making it clear up front that the banks will not be allowed to take advantage of the public who wish to purchase foreign currency.  This means that they will be forced to give the foreign currency at the official rate rather than the market rate.  As word of this gets out there will be more and more people who will want to surrender their dinars at that rate, thus saving many dinars by getting the foreign currency below the market rate.   [post 1 of 3….stay tuned]

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

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MadDScout(Dinar Guru) –   Article:  “The Association of Private Banks appoints a temporary chairman”   Quote:  “the president of the association was accused by specialists on many charges, including providing false information to the Central Bank of Iraq to achieve personal benefits…”  I like this one because it speaks to internal house cleaning…House cleaning within the banking association.  It says that eventually being corrupt will be of no gain.

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

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Iraqi security forces recapture Bab Sinjar in right bank of Mosul

Iraqi Army’s 9th armored division has recaptured Bab Sinjar neighborhood in the right bank of Mosul, a security source said on Thursday.

He added that the Iraqi forces inflicted heavy casualties on ISIS terrorists and raised the Iraqi flag over the neighborhood’s buildings.

These efforts come as part of an offensive launched on 19th of February by the US-backed Iraqi forces, supported by the Iranian-backed sectarian IMIS Shiite militias to oust ISIS terrorists from Mosul, their last major stronghold in Iraq.

Read more: http://www.dinarupdates.com/showthread.php?50397-Iraqi-security-forces-recapture-Bab-Sinjar-in-right-bank-of-Mosul

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The Central Bank equips banks and transfer companies with 25 million monthly

The central bank currently meets the foreign currency traveler’s quotas through banks and financial transfer companies by 25 million dollars a month, but this process is still surrounded by a lot of impurities, the most important is that some people receive more than the quota (3000 dollars) at a time others can not get Even though they have submitted all the documents required to complete the currency purchase. According to specialists in the economic affairs, all the controls and instructions of the Central Bank and the continuous monitoring to control and facilitate this process, will not be able to control the manipulation in this process, because the documents traveler reaches the Central Bank justified by the Bank can not take any action. These specialists confirm that the elimination of the manipulation will be done only through the application of the comprehensive banking system.

The central bank had launched in 2012 the sale of foreign currency to travelers out of the country by 5000 dinars for tourism and 10 thousand for treatment and then returned last year, and reduced the amount to 3000 dollars, because of the financial crisis experienced by the country. The bank stressed repeatedly that the sale should be completed after the completion of all required documents, and pointed to the possibility of providing the traveler request to the bank in case of need for a larger amount, and warned banks and financial transfer companies from manipulation of quotas, but all that did not work, still Many people find it difficult to get their quotas.

According to economic expert Majid al-Suri in an interview with (the extent), that according to the instructions of the new Central Bank, the citizen holder of the ticket and passport must be the holder of these documents to get the dollar amounts for travel, and no one may come with thirty-four passport To receive the currency, and determined that the holder of the passport is the one who buys the amount allocated to him from the currency only, but despite all these controls and control are still many irregularities, because control is a difficult process, when the documents are justified and present here can not take any A measure, but said: a question At the time it should have been essential, especially since there are beneficiaries of the corruption process taking place in the traveler’s share of the currency, and the manipulation is being done through relations with some bank employees in order to carry out this process; Companies are involved in the matter, which necessitates the central bank to implement the comprehensive banking system, because without this system will not have the ability to monitor all the sale of currency to passengers, expected at the end of his speech, the implementation of the comprehensive banking system soon.

For his part, Director of the Accounting Department at the Central Bank Ihsan Shamran al-Yasiri, said in an interview with (the extent), that the Central Bank currently gives amounts to banks to meet the shares of travelers of the currency, up to 25 million dollars are distributed to banks and companies, which depends on the size of the quota given For the traveler, which is $ 3000 per citizen is willing to travel, not to be repeated the process during the month more than once, stressing: The number of beneficiaries of the sale of the currency may reach hundreds or thousands sometimes, and all banks take these quotas, whether the eligibility Or government, but the largest share is given to private banks.

Yassir admits that the beneficiaries of this system may face some problems with banks, but the process of corruption in its broad range is excluded, continuing to say: As far as the Central Bank is concerned, there is no corruption in this matter. It has set controls, instructions and standards that work according to them. Yes, there may be a failure due to misconduct by companies or complicity with citizens, which is an ongoing issue in all economies, and can not be controlled, but according to the controls also, the citizen who lodges a complaint to the Central Bank not to sell the dollar by the banking company or bank, Here the company must be fined and the money recovered from it and the citizen is compensated for any difference in price.

Read more: http://www.dinarupdates.com/showthread.php?50381-The-Central-Bank-equips-banks-and-transfer-companies-with-25-million-monthly

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Iraq invites 10,000 companies to participate in Baghdad International Fair

Announced Company the public For exhibitions And services Commercial Iraq, Thursday, Directed Invitations For more From 10 Thousands a company To participate at Exhibition Baghdad International .

And he said Director Company the public For exhibitions And services Commercial Iraq Hashem Mohammed at Declaration Journalist Received ” economy News ” version from him, The ” Angels Company ongoing Operation Marketing Field To promote Of the session The 44th exhibition Baghdad International Which Will be held Under Logo ( free us Our land With your cooperation We build ) during Month October the first Next according to plan Well thought out To polarize Larger Number From Companies To participate The course International according to Base data Available I have Company Which Reaches Number More From ten Thousands a company Destination met him Increase “.

“He added That ” process Marketing Were represented at Procedure Visits Field Areas Commercial at Baghdad Which Exist In which Companies Large Known And owns Agencies For companies Foreign And she has Record Posts Featured at Courses Exhibition Baghdad International Former “.

“He was sent Invitations Participation Attached Instructions Special Participating In both languages Arabic And English to me all Companies And authorities Available Data we’ve got And their number More From ten Thousands a company Destination As a meal First “.

Read more: http://www.dinarupdates.com/showthread.php?50375-Iraq-invites-10-000-companies-to-participate-in-Baghdad-International-Fair

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Turkey offers Iraq reconstruction of Mosul

The spokesman for the Turkish President, Ibrahim Kalin, said that Turkey is ready to help Iraq in the reconstruction of Mosul after the liberation of the militants of the “Isis” terrorist.

“We are ready after the end of the process of liberating Mosul completely to rebuild it in addition to building what is destroyed in other Iraqi cities,” Kalin told a news conference in Ankara.

It is noteworthy that the Iraqi army and security forces in addition to the popular mobilization forces headed by the airlift supported by the US-led coalition aircraft and the Iraqi air force, towards the old neighborhoods in Mosul, the last remaining under the control of the terrorist organization “Isis”.

The remaining neighborhoods under the control of the organization’s militants were announced in the western part of Mosul on May 27, and 180,000 civilians are still trapped in those neighborhoods and used by the organization’s militants as human shields.
According to the Iraqi Operations Command, only 500 terrorists remained in the city.

Read more: http://www.dinarupdates.com/showthread.php?50369-Turkey-offers-Iraq-reconstruction-of-Mosul

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BGG   [kinda get the feeling that this is never gona happen and eventually they will go to the dollar.With all the support and conversation with the IMF – WB – UN… that is not the posture they are preparing…everything they are (the above mentioned groups) projecting lately is the image of progress.

Read more:  http://www.dinarupdates.com/observer/
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BGG (Dinar Guru) –    Mosul is it… I have said all along…I would like to see what the news cycle looks like right after Mosul is done.   I had some guy message me “why is Mosul taking so long“?   They are dug in – they know they will die and have NOTHING TO LOSE…this may take just a bit..let’s all just take a breath and let this whole thing play out…and then… I also said – I want to get a feel for what the News Cycles look like after – for a week or two…this will be the tale of the tape.  …sit back…and let them do their thing…and BTW – it’s not like they haven’t told us in so many ways – what they intend to do.  They have – over and over and over and over.

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

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The first investment conference was held for the end of July

Trend Press / Baghdad The Chairman of the Sub-Committee for Investment in the House of Representatives Burhan Mamouri agreed with the National Investment Commission to hold a special investment conference in Diyala province to view all investment opportunities in the province and in various sectors.

Al-Maamouri said in a statement received by “Trend Press” on a copy of it, “he met with the President of the National Investment Commission Sami Araji and it was agreed to hold a special investment conference in Diyala in late July or early August, which will be presented all the investment opportunities available in the province and include various sectors “Agricultural, industrial, health, education, transport, public services, infrastructure projects, housing,” noting that “a committee formed in the National Investment Commission for the preparation and urbanization of this conference.”

He added that “the trend towards investment is the only solution to improve the service and urban reality of the province and funding new projects in the field of infrastructure and job creation for young people, especially in the light of low oil prices and the absence of a state budget to finance these projects, noting that the province and during the past three years did not receive any Amounts within the general budget, which led to the cessation of all projects and the inability to maintain the service needs of citizens with increasing population growth in addition to the widespread phenomenon of unemployment among young people.

Al-Mamouri said that the committee of economy and investment parliamentary was able to complete the new investment law and vote on it in the House of Representatives, which is one of the best investment laws since the emergence of the Iraqi state, where exceeded all previous problems that were impeding the process of investment in all areas and provided facilities and privileges for large domestic and foreign investors And work at the beginning of a single window in coordination with the National Investment Commission. ”

He called on “all local and foreign investors to participate in the conference and to see the investment opportunities available in the province of Diyala, noting that the province has a large natural and human resources and a location that allows it to play an important role in the trade process being the link between the north and center of the country and has border crossings with The Islamic Republic of Iran in addition to its proximity to the capital Baghdad. ”

Read more: http://www.dinarupdates.com/showthread.php?50378-The-first-investment-conference-was-held-for-the-end-of-July

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Election of Iraq to the Governing Council of the International Labor Organization

Trend Press / Baghdad The State Department announced on Thursday that Iraq was elected as an alternate member of the ILO Governing Body for the 2017-2020 term for the West Asian Group.

“Iraq was elected an alternate member of the ILO Governing Body for the period 2017-2020 for the West Asia Sub-Group during the elections held during the 106th Session of the International Labor Conference At the organization’s headquarters in Geneva. ”

The statement added that “Iraq has 210 votes out of 253 votes, although the number of votes required on the complex is 127, which makes the second Iraq on his group (ASPAG).”

The statement said that “this victory in the framework of the efforts of the State Department to mobilize international support and support to restore Iraq to its leading position in the international community and access to advanced positions in the United Nations and its competent agencies.”

Read more: http://www.dinarupdates.com/showthread.php?50379-Election-of-Iraq-to-the-Governing-Council-of-the-International-Labor-Organization

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We hold these truths to be self-evident: that all men are created equal; that they are endowed by their Creator with certain unalienable rights; that among these are life, liberty, and the pursuit of happiness.   – Thomas Jefferson

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The Iraqi parliament welcomes the adoption of trade for the first time on two articles of supply from the local product

A member of the House of Representatives Hammam Hamoudi welcomed the adoption by the Ministry of Commerce on the local product in the provision of ration card items of “sugar and edible oil” for the first time since 2003, considering it an important step towards supporting the national product and stopping the external importer.

Hamoudi stressed the need to continue this step and expand it in order to contribute to the advancement of the processing of food “Iraqi” through the factories of the national stalled and the workers sincere and adapted to the needs of the citizen.

Read more:  http://www.dinarupdates.com/showthread.php?50289-The-Iraqi-parliament-welcomes-the-adoption-of-trade-for-the-first-time-on-two-article

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Kaperoni (Dinar Guru)   […is it better for Iraq to rebuild itself at the present rate or at a re- established rate?]   …at this point and time, it does not matter what the exchange rate is regarding rebuilding…since the primary source of revenue is oil sales (95%) which is paid in dollars.  And since the dinar is not globally convertible, Iraq pays for goods in dollars.  So in that sense they are on the same playing field we are on in the US when we pay for goods.   The real benefit comes when the CBI can begin to raise the value to offset inflationary pressure created by investors and investment along with meeting  IMF Article VIII compliance.  The result will eventually give the citizens a better life, greater purchasing power and most importantly the ability for the CBI to keep its dollars and pay in dinars. 

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

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Cabinet votes to release salaries of Nineveh employees

[Asharq Al-Awsat] The Iraqi Council of Ministers voted during its weekly session on Tuesday to release the salaries of Nineveh province employees who have been found not to be linked to the organization.

A statement issued by the office of Prime Minister Haider al-Abbadi and told Ashqaf News that the vote on the release of salaries of employees of the province of Nineveh, who checked security by the security audit team of the Ministry of Interior or by the national security.

The Council also voted to approve the recommendation of the emergency meeting of the Civil Crisis Management Unit concerning the exclusion of the Ministry of Construction, Housing, Municipalities, Public Works and the Municipality of Baghdad in paragraph (3) of the Council of Ministers Resolution No. 329 of 2015, 2017 for purposes of water purification exclusively.

A position was also presented to prepare the employees who received their salaries in the liberated areas and to prepare those who did not receive their salaries with a statement of reasons.

The Council decided to form an operations room in the Ministry of Finance to resolve the problems that appear when the Ministry of Finance audit of payroll lists and continue its work after the official working hours until the completion of the task in the presence of directors of formations responsible for salaries from ministries whose salaries were delayed in Nineveh province.

The Council of Ministers instructed the Ministry of Health to complete the required numbers for grades (central appointments) and submit them to the Ministry of Finance and the Ministry of Finance to include the required allocations within the supplementary budget for 2017.

A vote was also made on the payment of dues to the truck drivers of the Ministry of Commerce, which contributes to support the security forces.

The vote on funding allocations of the Ministry of Education, and directing the Ministry of Finance to open documentary credit for the purchase of textbooks in the form of financial optimization and depending on the allocations approved by the Ministry.

The Council discussed the treatment of traffic jams in the province of Baghdad and was presented a study at the short, medium and long.

Read more: http://www.dinarupdates.com/showthread.php?50286-Cabinet-votes-to-release-salaries-of-Nineveh-employees

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BGG (Dinar Guru) –   “Our economy is space. Monetary policy is an example”  The…article is a VERY HARD translation – BUT IMHO FILLED with DEAD GIVE-AWAYS!  …for those pouting about not being rich yet – this is one more log on the FIRE!  What it means is – they are doing things (up until now) this economist doesn’t understand and can’t explain.  Quotes:  “…we urgently need a new economic philosophy that leads to generating development And to expand the supply and demand for local production in all its variants, especially in an important aspect of monetary policy is dealing with the value of the development of the dinar or the liberation of the value of the dinar...”  “The liberalization or floating of the currency is not strange or innovative in the money market, it is a tool of the monetary policy…”  BOOOOM…That’s all I have to say. That is a DIRECT narrative on the state of the currency value in Iraq. This was published yesterday.  Cannot be anymore direct.

Read more: http://www.dinarupdates.com/observer
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Grant for the development of Iraqi ports

Economy News _ Baghdad: The Ministry of Transport announced Thursday that it has received a grant from the United Nations Educational, Scientific and Cultural Organization (UNESCO) for the rehabilitation and development of ports in the country.

The Director of Media Iraqi Ports Company of the Ministry, Nimr Abdel-Moneim net in a press statement received by “Economy News”, “The company is in receipt of a grant by the United Nations (UNICTAD) of the United Nations, to develop the reality of ports in the country, Lists the needs and requirements of all ports, in addition to the requirements of the Institute of ports of equipment and training devices, noting that the Institute continues to establish training courses to develop the capabilities of the staff working in this area.

He added that the company is working within the framework of an expanded plan to develop and qualify all ports in the country in order to raise the financial revenues of the company in particular and the treasury of the state in general, pointing out at the same time that it intends to establish a container terminal at the port of Faw after the arrival of the project of the Caspian East and West stages Advanced achievement “.

Al-Safi pointed out that “the company has implemented several projects during the past period, contributed to improving the financial reality, including projects, the establishment of new berths and improve the depth drilling to allow the entry of giant vessels to increase the movement of trade.”

He explained that “ports are at the time besieging an important commercial center in the transport of goods, especially as the country enjoys an important strategic position, which contributes to the increase of ports, which is becoming an important economic resource for the country and provide job opportunities for the unemployed.

The province of Basra has a number of ports, Umm Qasr, Khor al-Zubayr and Abu Flus, and the stronghold, while work is underway on the completion of the port of Faw to be one of the largest ports in the region.

Read more: http://www.dinarupdates.com/showthread.php?50373-Grant-for-the-development-of-Iraqi-ports

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Kaperoni (Dinar Guru) –  Artile:  “Experts: float the currency needs to be a productive economy and not Rieia (rentier)”   Quote:   “…to float the currency now in Iraq can not talk about that simple, as needed to advance measures…it could be done if the transformation of the Iraqi economy from a yield to productive…”  This is actually a really good article because they state very clearly that under the current conditions they cannot float the dinar…and only once the market economy begins can they do so So we continue to wait for Iraq to set the stage for investment.  Pass the needed laws, get the dinar in compliance with the IMF, etc.  to move to Article VIII.  Only then will we see the dinar float and rise based on market forces I am hopeful that yet this year we can see that happen.

Read more: http://www.dinarupdates.com/observer
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BGG (Dinar Guru) –   I am very excited about the current state of things. I am very excited about the next short time frame… I think we are in an incredible window of time right now…and I do feel – if things advance as they have been – we could be very, very close. Maybe not today or tomorrow, but legitimately CLOSE. Unlike ever before.  (keep in mind – we have been close before – the CBI had planned on 2013? sometime and put it off). According to the SIGR Report.  We are close.  REAL CLOSE.

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

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BGG (Dinar Guru) –   Article:  “Iraq offers compensation settlement and Kuwaiti debt against investment”   Quote:  “…the meeting also discussed the file of compensation with the State of Kuwait and ways to settle through the window of investment inside Iraq.“.   two separate items talked about – how to pay back Kuwait (not to be confused with) – their eagerness to settle investments inside Iraq?  One of the big problems needing dealt with – is they have few mechanisms in place to safe guard investors. Why would the IMF care about Iraqi investors. They don’t – this is referring to OUTSIDE investors. Period.  Really good news – entering final talks – it appears.

Read more: http://www.dinarupdates.com/observer/
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Kaperoni (Dinar Guru) –   Article:  “ATMs for MasterCard card users”   …it is fun to watch all the pieces be put in place for the economy to take off.  Iraq is literally going from the stone age to the 21st century with technology in a few years.

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

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Adam Montana (Dinar Guru) –   [What will happen to the other major currencies when the CBI RV’s the IQD/USD exchange rate? The countries using the EUR, the GBP, the CHF, the JPY, and the CNY all have international corporations invested in Iraqi oil with contracts based on today’s exchange rates.  How will a radical upward IQD/USD RV (which effectively decreases the value of the USD against the IQD) affect the EUR/USD and the GBP/USD and the CHF/USD and the JPY/USD and the CNY/USD exchange rates?  Will these other major global currencies also be devalued and what in your opinion will that do to an already stressed global economy?]  This is a great question, because it opens up the floor to discuss how an RV is really a zero-sum game, mostly because we are talking about a fiat currency. When the FED prints more USD, we don’t actually gain that money.  It just dilutes the dollar a little bit more.  IQD, and an RV of the currency, works the same way, just on a global scale. My opinion is that almost every other currency will take a slight hit, and then rebound once the IQD rate stabilizes, and within about a month all currencies will be back to normal… except the IQD will be dramatically different than it was a month prior.

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

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!cid_0534CEE5-9E81-4CFA-9D7F-ACA5BAD2C2DA

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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Iraqi Dinar/Dollar auction 06-15-17 (most recent listing)

Currency Auctions Announcement No. 3466

This daily currency auction was held in the Central Bank of Iraq on the 06-15-2017

DETAILS NOTES
Number of banks 40
Number of remittance companies 10
Amount sold at auction price (US$) 165,143,468
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 165,143,468
Total offers for selling (US$) —–

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

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CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1326.435 1325.772
British pound GBP 1506.936 1506.183
Canadian dollar CAD 894.057 893.610
Swiss franc CHF 1220.619 1220.008
Swedish krona SEK 136.365 136.297
Norwegian krone NOK 140.900 140.830
Danish krone DKK 178.372 178.283
Japanese yen JPY 10.759 10.759
Special
Drawing Rights
SDR 1637.389 1637.389

Indicative rates – 06.15.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – June 14th

Air force launches airstrikes on ISIS positions in Salahuddin’s Mutaibajah

Heavy shelling has targeted ISIS positions in Mutaibajah district, located on the borderline between Diyala and Salahuddin Governorates, a local official revealed on Tuesday.

In a press statement, Odai al-Khadran, mayor of al-Khalis town, said that the Iraqi air force has targeted more than ten of ISIS positions,

Early indications point out that the shelling resulted in killing and injuring many of the group’s terrorists as well as destroying the group’s hideouts and explosives’ depots.

On Monday, two of the so-called ‘Cubs of the Caliphate, who are children recruited by the terror group of ISIS, were killed in Mutaibajah district.

In April, Iraqi security forces have uncovered secret ISIS documents in Mutaibajah after inflicting heavy casualties on the terrorist group in Diyala.

A military operation to liberate Mutaibajah, was launched in April.

Read morehttp://www.dinarupdates.com/showthread.php?50292-Air-force-launches-airstrikes-on-ISIS-positions-in-Salahuddin-s-Mutaibajah
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Exclusive: Parts freed so far in Mosul explained on map

An updated version of Mosul’s map showing the latest developments in the battle to oust ISIS from occupied districts in the city’s right bank has been obtained by The Baghdad Post on Tuesday.

On the map, the spots marked in green represent the previously ISIS-held areas that have been liberated.

As the map shows, the white spots represent the parts of the war-torn city where ISIS is still controlling.

In Mosul, there are areas still witnessing clashes between the Iraqi forces, backed by international coalition, and ISIS terrorists. They are marked in orange on the map.

War Media Cell announced Monday Iraqi airstrikes have killed nine ISIS terrorists and destroyed one of the terror group’s positions in Annah district and Mosul.

Also on Monday, federal police said the forces are advancing on al-Nuri district in Mosul, in a push to liberate the last stronghold held by ISIS terror group.

In a statement, the Nineveh Media Center said it renews its commitment to neutrality when covering stories of the battles and the other issues. Our aim is nothing but the truth, the statement concluded.

Publishing the maps relating to the progress of the Iraqi forces in Mosul is done after contacts with multiple military sources and local officials, it added.

Iraqi Forces launched a major offensive on 19th of February to retake the western part of Mosul after declaring total control of the eastern part of the city on 24th of January as part of the military operations to liberate the city that started on 17th of October 2016.

Read more:  http://www.dinarupdates.com/showthread.php?50293-Exclusive-Parts-freed-so-far-in-Mosul-explained-on-map

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MadDScout(Dinar Guru) –   Article:  “The Association of Private Banks appoints a temporary chairman”   Quote:  “the president of the association was accused by specialists on many charges, including providing false information to the Central Bank of Iraq to achieve personal benefits…”  I like this one because it speaks to internal house cleaning…House cleaning within the banking association.  It says that eventually being corrupt will be of no gain.

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Two main parties agree on reactivating Kurdish parliament

Patriotic Union of Kurdistan (PUK) and Kurdistan Democratic Party (KDP) have decided to reactivate the parliament that has not convened for nineteen months, a statement revealed on Wednesday.

A statement issued by PUK said that the party held a meeting with the KDP, attended by Kurdistan Region President Masoud Barzani.

During the meeting, the two sides have agreed on reactivating legislative and governmental institutions, as the region braces for holding a self-determination referendum.

The statement described this move as important in the current stage aiming at uniting all political parties in Kurdistan’s Parliament.

Improving the living conditions of the region’s citizens is necessary as they suffer due to political disputes between Kurdish parties.

The KDP’s call for the reactivation of the Kurdistan parliament came in light of the scheduled Kurdistan referendum on independence on September 25.

The Kurdish Parliament, which was shut down since October 2015 by the KDP-led Kurdish government, has been a major contributing factor to the political deadlock between the five major political parties, particularly between the KDP and Change Movement (Gorran).

Read more: http://www.dinarupdates.com/showthread.php?50294-Two-main-parties-agree-on-reactivating-Kurdish-parliament

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Rafidain Bank opens a current savings account for citizens and the unified card is based mainly on it

Rafidain Bank announced on Wednesday the opening of a savings account for citizens in dinars and dollars.

The bank’s information office said the bank had adopted the unified national card instead of the certificate of Iraqi nationality, the identity of the civil status and the housing card.
The statement said that in the absence of a unified card in the documents required to open the account, it depends on the identity of civil status or passport (exclusively) and housing card or support housing.

The bank called on its branches in Baghdad and the governorates not to provide citizens with the sukuk book unless they obtain the validity of the issuance of the identity of the conditions except for the national card.

Read more: http://www.dinarupdates.com/showthread.php?50299-Rafidain-Bank-opens-a-current-savings-account-for-citizens-and-the-unified-card-is-ba

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OPEC oil prices rise to half a dollar per barrel

Trend Press / Agencies The price of oil OPEC basket on Monday rose nearly half a dollar per barrel compared to its price last Friday.

“The OPEC cartel price reached 45:93 dollars a barrel compared to 45:48 dollars on Friday,” the OPEC Secretariat said Tuesday.

The OPEC basket is made up of desert mix (Algeria), Gerasol (Angola), Orient (Ecuador), Minas (Indonesia), Iran Heavy, Basra Light (Iraq) (Kuwait), Marban (United Arab Emirates) and Miri (Venezuela).

Read more: http://www.dinarupdates.com/showthread.php?50253-OPEC-oil-prices-rise-to-half-a-dollar-per-barrel

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Ports sign contract with Toyota for equipment processing

Minister of Transport Kazem Vajan Al-Yamami said on Monday that the General Company for Iraqi Ports has concluded a contract with Toyota Japan, which includes processing ground equipment, indicating that the Iraqi ports ranked first among the Iraqi companies that benefited from the Japanese loan projects.

Al-Hamami said in a statement that “the Iraqi Ports General Company has concluded a contract with the Japanese company Toyota, which includes ground equipment.” The contract was signed by the Iraqi ports director, Riyad Sawadi, and Toyota Kawashima.

“The signing of this contract comes within the second phase of the Japanese loan projects, where the company invested the first phase of the loan projects in the best way,” pointing out that “the Iraqi ports ranked first among the Iraqi companies that benefited from the Japanese loan projects, Its people to grant a second loan from the loan projects for the reconstruction of Iraqi ports for the second phase.

Includes Basra province, five commercial ports oldest port near the stronghold of the city center, and other ports is the port of Umm Qasr, which established in 1965, and the Ministry of Transport announced in 2010 split into the south and north of the two ports each with its own management, usually receives ships loaded materials imported for the account of the Ministry of Commerce, as witnessed in 1989, the completion of construction of the port of Khor Al-Zubair, which is the second generation ports project, and in 1976 was created Abu Flus port on the West Bank of the Shatt al-Arab within the district of Abu Fertile, while being slow implementation of preliminary projects for the construction of the port great FAO, which is expected to be about Accomplished one of the largest commercial ports in the region.

Read more: http://www.dinarupdates.com/showthread.php?50251-Ports-sign-contract-with-Toyota-for-equipment-processing

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BGG   [kinda get the feeling that this is never gona happen and eventually they will go to the dollar.With all the support and conversation with the IMF – WB – UN… that is not the posture they are preparing…everything they are (the above mentioned groups) projecting lately is the image of progress.

Read more:  http://www.dinarupdates.com/observer/
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BGG (Dinar Guru) –    Mosul is it… I have said all along…I would like to see what the news cycle looks like right after Mosul is done.   I had some guy message me “why is Mosul taking so long“?   They are dug in – they know they will die and have NOTHING TO LOSE…this may take just a bit..let’s all just take a breath and let this whole thing play out…and then… I also said – I want to get a feel for what the News Cycles look like after – for a week or two…this will be the tale of the tape.  …sit back…and let them do their thing…and BTW – it’s not like they haven’t told us in so many ways – what they intend to do.  They have – over and over and over and over.

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

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Air force launches airstrikes on ISIS positions in Salahuddin’s Mutaibajah

Heavy shelling has targeted ISIS positions in Mutaibajah district, located on the borderline between Diyala and Salahuddin Governorates, a local official revealed on Tuesday.

In a press statement, Odai al-Khadran, mayor of al-Khalis town, said that the Iraqi air force has targeted more than ten of ISIS positions,

Early indications point out that the shelling resulted in killing and injuring many of the group’s terrorists as well as destroying the group’s hideouts and explosives’ depots.

On Monday, two of the so-called ‘Cubs of the Caliphate, who are children recruited by the terror group of ISIS, were killed in Mutaibajah district.

In April, Iraqi security forces have uncovered secret ISIS documents in Mutaibajah after inflicting heavy casualties on the terrorist group in Diyala.

A military operation to liberate Mutaibajah, was launched in April.

Read more: http://www.dinarupdates.com/showthread.php?50259-Air-force-launches-airstrikes-on-ISIS-positions-in-Salahuddin-s-Mutaibajah

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Ports signed a contract with Toyota for processing equipment

Baghdad / Range Minister of Transport Kazem Vajan Al-Yamami said on Monday that the General Company for Iraqi Ports has concluded a contract with Toyota Japan, which includes processing ground equipment, indicating that the Iraqi ports ranked first among the Iraqi companies that benefited from the Japanese loan projects.

Al-Hamami said in a statement that “the Iraqi Ports General Company has concluded a contract with the Japanese company Toyota, which includes ground equipment.” The contract was signed by the Iraqi ports director, Riyad Sawadi, and Toyota Kawashima.
“The signing of this contract comes within the second phase of the Japanese loan projects, where the company invested the first phase of the loan projects in the best way,” pointing out that “the Iraqi ports ranked first among the Iraqi companies that benefited from the Japanese loan projects, Its people to grant a second loan from the loan projects for the reconstruction of Iraqi ports for the second phase.

The province of Basra has five commercial ports, the oldest of which is the port of the stronghold near the city center, and the other ports is the port of Umm Qasr, which was established in 1965. In 2010, the Ministry of Transport announced its division into two southern and northern ports, each with its own management. And in 1976 the port of Abu Flus was built on the West Bank of Shatt al-Arab in Abu al-Khasib district, while preliminary projects for the construction of port great FAO, which is expected to be about Accomplished one of the largest commercial ports in the region.

Read more: http://www.dinarupdates.com/showthread.php?50260-Ports-signed-a-contract-with-Toyota-for-processing-equipment

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We hold these truths to be self-evident: that all men are created equal; that they are endowed by their Creator with certain unalienable rights; that among these are life, liberty, and the pursuit of happiness.   – Thomas Jefferson

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The Iraqi parliament welcomes the adoption of trade for the first time on two articles of supply from the local product

A member of the House of Representatives Hammam Hamoudi welcomed the adoption by the Ministry of Commerce on the local product in the provision of ration card items of “sugar and edible oil” for the first time since 2003, considering it an important step towards supporting the national product and stopping the external importer.

Hamoudi stressed the need to continue this step and expand it in order to contribute to the advancement of the processing of food “Iraqi” through the factories of the national stalled and the workers sincere and adapted to the needs of the citizen.

Read more:  http://www.dinarupdates.com/showthread.php?50289-The-Iraqi-parliament-welcomes-the-adoption-of-trade-for-the-first-time-on-two-article

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Kaperoni (Dinar Guru)   […is it better for Iraq to rebuild itself at the present rate or at a re- established rate?]   …at this point and time, it does not matter what the exchange rate is regarding rebuilding…since the primary source of revenue is oil sales (95%) which is paid in dollars.  And since the dinar is not globally convertible, Iraq pays for goods in dollars.  So in that sense they are on the same playing field we are on in the US when we pay for goods.   The real benefit comes when the CBI can begin to raise the value to offset inflationary pressure created by investors and investment along with meeting  IMF Article VIII compliance.  The result will eventually give the citizens a better life, greater purchasing power and most importantly the ability for the CBI to keep its dollars and pay in dinars. 

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

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Cabinet votes to release salaries of Nineveh employees

[Asharq Al-Awsat] The Iraqi Council of Ministers voted during its weekly session on Tuesday to release the salaries of Nineveh province employees who have been found not to be linked to the organization.

A statement issued by the office of Prime Minister Haider al-Abbadi and told Ashqaf News that the vote on the release of salaries of employees of the province of Nineveh, who checked security by the security audit team of the Ministry of Interior or by the national security.

The Council also voted to approve the recommendation of the emergency meeting of the Civil Crisis Management Unit concerning the exclusion of the Ministry of Construction, Housing, Municipalities, Public Works and the Municipality of Baghdad in paragraph (3) of the Council of Ministers Resolution No. 329 of 2015, 2017 for purposes of water purification exclusively.

A position was also presented to prepare the employees who received their salaries in the liberated areas and to prepare those who did not receive their salaries with a statement of reasons.

The Council decided to form an operations room in the Ministry of Finance to resolve the problems that appear when the Ministry of Finance audit of payroll lists and continue its work after the official working hours until the completion of the task in the presence of directors of formations responsible for salaries from ministries whose salaries were delayed in Nineveh province.

The Council of Ministers instructed the Ministry of Health to complete the required numbers for grades (central appointments) and submit them to the Ministry of Finance and the Ministry of Finance to include the required allocations within the supplementary budget for 2017.

A vote was also made on the payment of dues to the truck drivers of the Ministry of Commerce, which contributes to support the security forces.

The vote on funding allocations of the Ministry of Education, and directing the Ministry of Finance to open documentary credit for the purchase of textbooks in the form of financial optimization and depending on the allocations approved by the Ministry.

The Council discussed the treatment of traffic jams in the province of Baghdad and was presented a study at the short, medium and long.

Read more: http://www.dinarupdates.com/showthread.php?50286-Cabinet-votes-to-release-salaries-of-Nineveh-employees

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BGG (Dinar Guru) –   “Our economy is space. Monetary policy is an example”  The…article is a VERY HARD translation – BUT IMHO FILLED with DEAD GIVE-AWAYS!  …for those pouting about not being rich yet – this is one more log on the FIRE!  What it means is – they are doing things (up until now) this economist doesn’t understand and can’t explain.  Quotes:  “…we urgently need a new economic philosophy that leads to generating development And to expand the supply and demand for local production in all its variants, especially in an important aspect of monetary policy is dealing with the value of the development of the dinar or the liberation of the value of the dinar...”  “The liberalization or floating of the currency is not strange or innovative in the money market, it is a tool of the monetary policy…”  BOOOOM…That’s all I have to say. That is a DIRECT narrative on the state of the currency value in Iraq. This was published yesterday.  Cannot be anymore direct.

Read more: http://www.dinarupdates.com/observer
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Ministry of Planning shows real funding and the establishment of 3 important projects in Diwaniyah

A document issued by the Ministry of Planning revealed the reality of funding and the ratios of completion of three projects in the province of Diwaniyah.

The document entitled to the office of MP Ghazwan Faisal al-Shabani, a reference to your book No. 10324 on 16-5-2017, we show you the fate of three important strategic projects in Diwaniyah, noting the inclusion in the budget of 2017, the road (Diwaniyah – Afak al-Badir up to To 52 km, and the establishment of the intersection of the bridge bridge, and the stadium of Sabla in Diwaniya with a capacity of 30 thousand spectators, with a four-star hotel 75 rooms).

According to the document, the project of constructing the second corridor of the Diwaniyah-Afak al-Budair road, with a length of 57 km, is included in the budget of 2017 and costed 52 billion dinars, with an annual allocation of 2 billion dinars. And the project was funded by 4 billion dinars distributed 8% of the total deducted from the total salaries and allowances for all employees of the state and the public sector and retirees, and we confirm that the Ministry has twice requested to strengthen the financing of the project above, which was the case.

“The construction project (the intersection of the Republic of the bridge / Diwaniyah), the project is included within the budget of 2017 to the Ministry of Municipalities and Public Works, at a cost of 56 billion and 160 million dinars, and an annual allocation of 150 million dinars, the percentage of material achievement was 23.19%.

Which the country is undergoing, the project has not been funded because the rate of completion is low.

The project of designing and constructing stadiums capacity of 30 thousand spectators in four provinces, namely Diyala and Dhi Qar, Salah al-Din and Diwaniyah, the project is included within the budget of 2017, the Ministry of Youth and Sports, at a cost of 520 billion dinars, and an annual allocation of 15500 million dinars, The project is currently postponed due to the lack of financial allocations and the project is not a priority for the first funding, it has not been funded with adequate allocation to achieve, as well as the establishment of a four-star hotel capacity 75 rooms and the cost of the hotel 114 billion and 450 million dinars. The Ministry is working hard with the Ministry of Youth and Sports Work on the project (research orbit) and find a mechanism to finance it.

Read more: http://www.dinarupdates.com/showthread.php?50282-Ministry-of-Planning-shows-real-funding-and-the-establishment-of-3-important-projects

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Kaperoni (Dinar Guru) –  Artile:  “Experts: float the currency needs to be a productive economy and not Rieia (rentier)”   Quote:   “…to float the currency now in Iraq can not talk about that simple, as needed to advance measures…it could be done if the transformation of the Iraqi economy from a yield to productive…”  This is actually a really good article because they state very clearly that under the current conditions they cannot float the dinar…and only once the market economy begins can they do so So we continue to wait for Iraq to set the stage for investment.  Pass the needed laws, get the dinar in compliance with the IMF, etc.  to move to Article VIII.  Only then will we see the dinar float and rise based on market forces I am hopeful that yet this year we can see that happen.

Read more: http://www.dinarupdates.com/observer
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BGG (Dinar Guru) –   I am very excited about the current state of things. I am very excited about the next short time frame… I think we are in an incredible window of time right now…and I do feel – if things advance as they have been – we could be very, very close. Maybe not today or tomorrow, but legitimately CLOSE. Unlike ever before.  (keep in mind – we have been close before – the CBI had planned on 2013? sometime and put it off). According to the SIGR Report.  We are close.  REAL CLOSE.

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

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BGG (Dinar Guru) –   Article:  “Iraq offers compensation settlement and Kuwaiti debt against investment”   Quote:  “…the meeting also discussed the file of compensation with the State of Kuwait and ways to settle through the window of investment inside Iraq.“.   two separate items talked about – how to pay back Kuwait (not to be confused with) – their eagerness to settle investments inside Iraq?  One of the big problems needing dealt with – is they have few mechanisms in place to safe guard investors. Why would the IMF care about Iraqi investors. They don’t – this is referring to OUTSIDE investors. Period.  Really good news – entering final talks – it appears.

Read more: http://www.dinarupdates.com/observer/
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Kaperoni (Dinar Guru) –   Article:  “ATMs for MasterCard card users”   …it is fun to watch all the pieces be put in place for the economy to take off.  Iraq is literally going from the stone age to the 21st century with technology in a few years.

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

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Adam Montana (Dinar Guru) –   [What will happen to the other major currencies when the CBI RV’s the IQD/USD exchange rate? The countries using the EUR, the GBP, the CHF, the JPY, and the CNY all have international corporations invested in Iraqi oil with contracts based on today’s exchange rates.  How will a radical upward IQD/USD RV (which effectively decreases the value of the USD against the IQD) affect the EUR/USD and the GBP/USD and the CHF/USD and the JPY/USD and the CNY/USD exchange rates?  Will these other major global currencies also be devalued and what in your opinion will that do to an already stressed global economy?]  This is a great question, because it opens up the floor to discuss how an RV is really a zero-sum game, mostly because we are talking about a fiat currency. When the FED prints more USD, we don’t actually gain that money.  It just dilutes the dollar a little bit more.  IQD, and an RV of the currency, works the same way, just on a global scale. My opinion is that almost every other currency will take a slight hit, and then rebound once the IQD rate stabilizes, and within about a month all currencies will be back to normal… except the IQD will be dramatically different than it was a month prior.

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

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Iraqi Dinar/Dollar auction 06-14-17 (most recent listing)

Currency Auctions Announcement No. 3465

This daily currency auction was held in the Central Bank of Iraq on the 06-14-2017

DETAILS NOTES
Number of banks 35
Number of remittance companies 10
Amount sold at auction price (US$) 159,897,265
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 159,897,265
Total offers for selling (US$) —–

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

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CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1328.093 1327.429
British pound GBP 1507.410 1506.656
Canadian dollar CAD 894.395 893.948
Swiss franc CHF 1222.635 1222.024
Swedish krona SEK 135.777 135.709
Norwegian krone NOK 140.479 140.409
Danish krone DKK 178.590 178.501
Japanese yen JPY 10.765 10.759
Special
Drawing Rights
SDR 1637.721 1636.902

Indicative rates – 06.14.2017

http://www.cbi.iq

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