Dinar Daily NEWS Blog – June 3rd

Posted on June 3, 2017 by BGG

US conducted over 26,000 airstrikes against ISIS in Mosul – Embassy

One hundred days after launching western Mosul liberation operation, the Iraqi forces, backed by US-led Coalition, have conducted over 26,100 airstrikes against ISIS’ targets in Mosul city, US embassy in Baghdad revealed on Friday.

In a statement, the embassy said that the forces continue their push to recapture ISIS-held districts in the city.

Iraq’s Ministry of Defense has announced that its forces have made significant progress in the neighborhoods of al-Zanjili and al-Shifaa, located in Mosul’s right bank.

It is estimated that there are a few of ISIS terrorists left in Mosul, the second largest city in 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?49717-US-conducted-over-26-000-airstrikes-against-ISIS-in-Mosul-%96-Embassy
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Iraqi forces free 700 civilians in Mosul

Rapid Response Forces have freed more than 700 civilians who were held by ISIS terrorists in the district of al-Zanjili in Mosul.

The Iraqi forces are now controlling 60 percent of territories in Zanjili district.

This comes as the Iraqi forces have been pushing against the terror group of ISIS in the right bank of Mosul since February 19th with the aid of the US-led coalition.

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The Government form Committees to Resolve the 3000 High Function Managed by Proxy

Citizen revealed the mass of efforts made by Prime Minister Haider al – Abadi to resolve the three thousand senior government post is run by proxy. The government confirmed the formation of committees to establish special criteria for occupancy of these positions, he indicated that the coalition refused to name his representatives in these committees, preferring to leave it to the government and its president.

In parallel, suggesting political blocs that the government completes its mandate without resolving the three ministries vacant file, due to preoccupation with all parties to the fate of the Commission and the electoral law.

Says mass coalition citizen member of Raad al – Haidari (range), ” The Prime Minister Haider al – Abadi form of government committees mini to resolve the positions and sites managed by proxy file , ” revealing the Abadi to inform the leaders of the coalition, a month ago, the move and asked them to send his representatives to participate these committees in order to “standards and principles to be adopted in the new choices” mode.

Haidari said that ” the National Alliance response to the request of the prime minister turned down because the task of the jurisdiction of the government,” pointing out that “These committees will open the door for nomination for all locations and positions managed by proxy, which is estimated at more than three thousand site and the post distributed among independent bodies and Undersecretary of the Ministry, and degrees of special ambassadors, advisors and military sites. ”

The accused parties within the National Alliance , the Dawa party acquired 17 independent body, which denies the party and confirms that the positions belonging to the parties in the rule of law.
According to the political agreement, which entered into the blocks before the formation of the government Abadi, the National Alliance ‘s share of the bodies of 15 compared to 11 organizations distributed between the Sunnis and the Kurds, and a single body of the Christian component, in addition to the three positions of Awqaf (Sna- Hiei- Christian and other components).

He says a member of the mass citizen, led by Ammar al – Hakim, said that ” the committees will depend in the selection of competent to fill the positions of these sites and personalities , ” stressing that “preparations are in full swing for the end of the resolution of the sites managed by proxy file.”
And about the fate of the vacant ministries and disagreement about the candidates, al – Haidari said , “This file is from the broken files confirm and there is no negotiations between the blocs to be settled at the present time , ” he said, adding that “preoccupied with other files of political parties is more important than the vacant ministries file.”

The Minister of Higher Education and Scientific Research Abd al – Razzaq al- Essa, announced on Wednesday, for the approval of the Prime Minister requested exemption from the Ministry of Finance.
Because of the preoccupation with legislation blocks the electoral law and the position of the Electoral Commission, MP Messenger Abu Hasna , asserts that ” the vacant ministries file is no longer on the list of priorities Abadi.”

The three ministries are still managed by proxy , namely: finance, trade and industry. The Abadi and the first administration, while The Planning Minister Salman Jumaili ‘s second administration, while managing the Minister of Labor and Social Affairs , the third management.

He adds MP Obouhsnh, during an interview with the (range), that ” the vacant ministries file died clinically and blocks is not serious to discuss with Prime Minister Haider al – Abadi , ” stressing that “security problems and disputes over election law led to the disposal of the blocks of these ministries vacant “.

Four months before the Council of Ministers refused to vote on the nomination of candidates for the ministries of industry and trade because of the different component of the Turkmen representatives on the one hand, and between the National Coalition and the Sunni powers on the other hand, on the nomination of the Minister of Commerce bag. And the exchange of deputies of the Turkmen component accusations over the candidate of Necmettin Mohsen failed to take over the Ministry of Industry.

But the MP for the rule of law expects the vacant ministries file move against the backdrop of the resignation of Abdul – Razzaq al- Issa for the management of the Ministry of Finance acting. ”
Says a member of the call block” The data indicate that the current government will complete its without naming the ministers of trade, industry and finance , “attributing it to that” blocs preoccupied with theconcerns and preparations for parliamentary and local elections that will be a vote of one. ”
concludes MP for the province of Muthanna to say that” the blocks is dedicated to engage in talks about the ministries will be the assumption is not enough to offer anything. ”
agrees MP Hassan Chuird, a member of the national coalition, with Abu Jsnh, as it confirms The blocs spent even consider thinking about the vacant ministries file, pointing out that ” the file has become the forgotten files of all parties.”

Says Chuird, in a statement (term) yesterday that “political problems, particularly the electoral law imposed on the parties and blocs to turn a blind eye for the vacant ministries file “, pointing out that” the priority is focused on choosing a new election Commission. ”
the uncertain fate of the electoral Commission after the House vote, the end of last April, the lack of conviction answers to the President of the board.

He favored one vote is not convinced of the camp answers UNHCR B119 voice against the latter, compared to 118 in its favor, and preferred 15 deputies Keep the white ballot papers.
The political blocs are looking for a legal way out of the impasse faced by the Committee of Experts charged with choosing a new Office of the Council, after nominate six of the current staff of the Electoral Commission.

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Federal Police evacuate 14 families from western Mosul’s Zanjili

Mosul (IraqiNews.com) Iraq Federal Police forces evacuated Friday 14 Iraqi families from a western Mosul district where battles approach the birthplace of the Islamic State’s proclaimed “caliphate”.

Almaalomah website quoted a security source saying police evacuated 14 families from Zanjili, a district adjacent to the Old City, the place where IS supreme leader declared the establishment of the group’s rule in Iraq and Syria in 2014.

The families had been trapped for months under IS siege, said the source.
Last Wednesday, the army’s elite Counter-Terrorism Service evacuated 380 civilians from Zanjili.
Islamic State militants have faced accusations by Iraqi and United Nations officials, as well as local and world aid groups, of using civilians as human shields during the battle running in Mosul since October.

U.N. estimates put the number of civilians stranded at the battlefield in the Old City at 200.000, saying they suffer severe shortages in food and medicine.

According to news reports, IS had executed dozens of civilians in western Mosul for attempting to escape to security-held areas or acting as informants for the government troops. Dozens of other civilians were shot dead by snipers on their escape routes.

Iraqi government troops regained control over eastern Mosul in January after three months of fighting. Operations for the western side of the city launched in mid February, and Iraqi generals say a few hundreds of IS fighters remain in the Old City as a last refuge.

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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.

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Abadi reveals a plan to secure the Iraqi-Syrian border

Baghdad Mawazine News Prime Minister, Commander-in-Chief of the Armed Forces, Haider al-Abadi, announced on Tuesday a plan under his supervision and coordination with the popular crowd to secure the border with Syria, stressing that the Iraqi forces managed to besiege “terrorism” and control of his movement, while promising not to keep any ” , Pointing out that terrorism will not be able to carry out terrorist attacks against Iraqis except with the presence of “Hawadn”.

Abadi called in his weekly press conference, and his follower / Mawazin News / political blocs to “commit to national unity and fight terrorism,” surprising statements that call for “emergency government”, pointing out that “the elections will be held in time,” stressing that ” Changing the constitutional timing “.

On the latest bombing in Baghdad yesterday, Abadi said that the security breach in Baghdad can not be considered as a breakdown as much as an “intelligence disorder”. Some of the voices accused it of giving terrorism greater than its size, and this terrorism wants to achieve “a media and psychological victory.”

“When terrorists target innocent people in Baghdad, some try to discourage morale and morale on the front lines,” he said, adding that “there is a radical plan on joint checkpoints” .

“We have been able to besiege terrorism and control its movement, we will not keep any of the terrorists and we are serious to pursue them,” Abadi said in his weekly press conference, calling on political blocs to “commit to national unity and fight terrorism.”

“A plan has been drawn up under the supervision of the commander-in-chief of the armed forces and in coordination with the popular crowd to secure the Iraqi-Syrian border,” Abadi said.

The commander-in-chief of the armed forces, Prime Minister Haider Abadi, said on Monday (May 29, 2017) that the declaration of “victory” in the city of Mosul will be very soon, while considered the arrival of the popular crowd to the Iraqi-Syrian border “an achievement.”

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Paramilitary troops say crossing Iraqi borders requires parliament approval

The Shia-led paramilitary troops have said that crossing the Iraqi borders to other countries requires parliament approval in advance.

In press remarks, Ahmed al-Assadi, spokesperson of al-Hashd al-Shaabi (Popular Mobilization Units) said “armed troops either from army, al-Hashd al-Shaabi or the army’s elite Counter-Terrorism Service crossing the Iraqi borders requires voting by Iraqi parliament as constitution does not allow intervention in other countries’ affairs.”

He considered that “talks about this issue while the country is fighting and clearing the provinces from Islamic State is unreal.”

“The troops will stick to all instructions and commands made by the armed forces commander-in-chief,” Assadi added.

“After retaking all the regions from Islamic State, the PMUs will have a basic role in immunizing areas that suffer weakness in borders control,” he said.

On Tuesday, Syrian Kurdish leader Ciwan Ibrahim said Syrian Democratic Forces will battle against PMUs in case the troops crossed to the Syrian borders.
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Earlier this week, Hadi al-Amiri, head of Badr Organization, said PMUs reached to Iraqi-Syrian borders.

Last week, al-Hashd al-Shaabi troops resumed the second phase of operations, launched earlier this month, to liberate the remaining villages in the vicinity of Qairawan, a main Islamic State bastion which links between Tal Afar town and the Syrian borders, and Baaj, after the troops announced full liberation of Qairawan.

PMUs, an alliance of more than 60 mostly Shia militias, are recognized by the government as a national force under the Prime Minister’s command.

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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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The central bank sells more than $ 155 million in the auction today

BAGHDAD / The Central Bank of Iraq sold Wednesday a $ 155 million auction.

“The size of the amount sold today amounted to 155 million, 688 thousand and 671 dollars, at an exchange rate of 1182 dinars per dollar, with the participation of 37 banks and 10 companies for financial transfer.”

The statement said that “the sale of amounts transferred to the accounts of banks abroad, as well as the sale of cash was the price of 1190 dinars per dollar.”

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Economic “warns” the Central Bank

BAGHDAD / The Economic Committee warned the parliamentary on Wednesday, the central bank to continue its policy classification of banks to varying degrees to participate in the window auction currency, calling him to commit to neutrality and non-discrimination between banks.

“The Central Bank’s policy is one of the reasons for the corruption of its employees because it did not comply with the law that provides for equality and non-discrimination between one bank and another,” the committee said in a statement. Dealing with Iraqi banks. ”

“The central bank must move away from its present in the Central Bank of conflicts of interest and prevailed in the moods and the tendency to reward the party and punish another party without a professional and legal standard,” adding that “manipulation of the implementation of the policy of the Central Bank through individual desires not based on economic grounds A risk that could bring risks to the economy of Iraq, which is undergoing great challenges under the exceptional circumstances experienced by Iraqis. ”

The committee called on the Central Bank’s administration to “close the doors encouraging corruption by some employees of the Central Bank,” indicating that “the opposite will expose the reputation of this ancient institution to danger and lose confidence, which will negatively affect the overall monetary situation in the country, Value of the national currency “.

The parliament’s economic committee called on the central bank to “abide by neutrality and non-discrimination between banks and deal equally in the window of currency sale and the abolition of the policy of classification based on discretionary calculations to avoid our resort to questioning and questioning under the parliament.”

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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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Governor of Baghdad is discussing with a Swiss company the establishment of waste recycling project capital

Economy News _ Baghdad: Baghdad Governor Atwan al-Atwani on Wednesday discussed with a delegation of a Swiss company involved in waste recycling projects the implementation of a similar project in the province.

The press office of the governor said in a statement that “Al-Atwani discussed with a delegation of one of the Swiss companies concerned with waste recycling projects, that the province is keen to adopt such projects and is a pioneer in inviting international companies competent to work in the province of Baghdad, Adding that “the province is ready to provide infrastructure and provide various facilities and legal and administrative procedures for the transfer and implementation of investment projects in this area.”

He added that “the local government encourages international investment companies to work in the province and provide all the necessary support for the implementation of these projects, which benefit the province and its citizens.”

The secretariat of Baghdad, had contracted earlier with a Turkish company to clean up 30% of the capital Baghdad for 31 billion dinars, but the contract did not last long, the return of waste to the streets, especially in commercial areas.

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Oil falls as production of Libya and America rises

Economy News BAGHDAD, Decreased Prices Oil One percent Today Wednesday With a plus Production The Libyan Which Agate Fears the list Already From Height Production American Including Undermines Discounts Production Which Led (OPEC) With a view Reducing Gap between Display And demand at Market .

By At 0657 hours Greenwich Decreased raw Measurement Global Mix Brent at Contracts Futures 54 cents or One percent About Closure the previous Up To $ 51.30 Per barrel .

He slipped raw West Texas Mediator American at Contracts Futures 51 cents or One percent About price Closure the previous Up To $ 49.15 Per barrel .

And he said Traders that drop the prices came result Height Production at Libya Which rip it Conflict and he What Increase From Sharpness Effect the growth Continuing Production American .

She said Enterprise National Of oil at Libya day Monday that From Expected that Rises Produce Libya From Raw To 800 thousand barrel Daily This Week .

And from Likely that Boosts that exports Libya From Oil . Showed Data Shipping On platform Thompson Reuters Econ it’s a With Exclude Exports Movable Across Lines Pipes Issued Libya 500 thousand barrel Daily at Average Ago Beginning General Comparison With Average Amounting to 300 thousand barrel Daily Just In 2016.

It is due a plus Production American to me end Big For high Activities Drilling For exploration About Oil Rocky More From ten percent Ago Mid General the past To exceed 9.3 million barrel Daily Including Approximates Levels Saudi Arabia And Russia Larger Producers Of oil at World .

And undermines Height Production American And Libby Efforts Which Made organization the countries Exporting ( OPEC ) and some Producers Outside And from between them Russia To shrink Gap between Display And demand at market Overheated Supplies From During scale down Production About 1.8 million barrel Daily Even End Quarter the first Of 2018.

And Libya member at organization OPEC but she Exempted From Discounts Production While No Involved the states United Nations at That Deficiencies .

And reached Produce Russia From Oil is 10.94 million barrel Daily at May May Including In line With Pledges By reducing Production According when I mentioned Resources day Wednesday .

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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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Today we remember the men and women who made the ultimate sacrifice in serving. Thank you, God bless your families & God bless the USA! –

President Trump

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Keywords: Prepare a plan for the rehabilitation of the central bank branch in Mosul

Economy News Baghdad: Iraq’s central bank governor Ali al-Alaq on Wednesday prepared a plan to rehabilitate his branch in the province of Nineveh after the terrorist organization “Da’ash” caused great damage to it and stole its contents.

Al-Aalak said in an interview with the Economist News that gangs that have encouraged crime have caused great damage to the bank’s branch in Mosul, especially since it is located on the right side of the city and was liberated by the armed forces.

He added that “gangs before carrying out sabotage operations in the building was to steal the contents of the time, which consists of treasures estimated at 500 billion Iraqi dinars and 80 million dollars.”

“The central bank has prepared a plan to rebuild the branch once the security situation stabilizes. Once a signal is received that the situation is safe for the bank to play its role, we have a priority that the central bank should return to work in providing services to banks and exchange and transfer companies,” he said.

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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.

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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.

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Iraqi Dinar/Dollar auction 06-1-17 (most recent listing)

Currency Auctions Announcement No. 3456

This daily currency auction was held in the Central Bank of Iraq on the 06-01-2017

DETAILS	NOTES
Number of banks	38
Number of remittance companies	10
Amount sold at auction price (US$)	151,197,131
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	151,197,131
Total offers for selling (US$)	—–

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

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CURRENCY	CODE	SELL	BUY
US dollar	USD	1184.000	1182.000
Euro	EUR	1328.566	1327.902
British pound	GBP	1520.078	1519.318
Canadian dollar	CAD	877.102	876.663
Swiss franc	CHF	1219.361	1218.752
Swedish krona	SEK	135.842	135.774
Norwegian krone	NOK	140.756	140.686
Danish krone	DKK	178.577	178.488
Japanese yen	JPY	10.671	10.666
Special Drawing Rights	SDR	1634.619	1633.80

Indicative rates – 06.1.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – June 2nd

Posted on June 2, 2017 by BGG

US conducted over 26,000 airstrikes against ISIS in Mosul – Embassy

In a statement, the embassy said that the forces continue their push to recapture ISIS-held districts in the city.

Iraq’s Ministry of Defense has announced that its forces have made significant progress in the neighborhoods of al-Zanjili and al-Shifaa, located in Mosul’s right bank.

Read more: http://www.dinarupdates.com/showthread.php?49717-US-conducted-over-26-000-airstrikes-against-ISIS-in-Mosul-%96-Embassy
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Iraq forces announce gains in west Mosul

Iraqi forces have recaptured around half of two neighbourhoods in west Mosul that are among the targets of a broad offensive against jihadists launched last week, officers said on Friday.

Iraqi security forces are more than seven months into a massive operation to retake Mosul from the Islamic State group, which overran the city and swathes of other territory nearly three years ago.

Now, IS’s grip on Mosul has been reduced to the Old City and several nearby areas, but the jihadists are still putting up significant resistance and up to 200,000 civilians may be caught in the fighting.

“Our units are now present in Al-Saha neighbourhood and completed (recapturing) 60 percent of it and are still advancing,” Staff Brigadier General Haidar al-Obeidi, a commander in the elite Counter-Terrorism Service, told AFP.

And Lieutenant General Raed Shakir Jawdat, the commander of the federal police, said in a statement that his forces “continue to advance cautiously, and have imposed their control over 40 percent of Al-Zinjili neighbourhood.”

Those are two of the three neighbourhoods that are the target of the current assault by Iraqi forces, with the third being the nearby Al-Shifaa area.

All three are located north of the Old City, a warren of narrow streets and closely-spaced buildings that has posed a major challenge for security forces.

The United Nations said earlier this week that up to 200,000 civilians were estimated to still be trapped in IS-held areas, most of them in the Old City.

“Because of the tightness of the area and the presence of a number of residents and fear of injuries and damage… to civilians and buildings, we have avoided entering at the present time,” Obeidi said of the Old City.

Instead, security forces have blocked it off from three sides while the Tigris River does the same on the fourth — keeping IS bottled up inside but also exposing civilians to shortages of food, water and medicine.

Read more: http://www.dinarupdates.com/showthread.php?49724-Iraq-forces-announce-gains-in-west-Mosul
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Tillerson Barzani telephone: Washington’s relations with the region and the ongoing support of the Peshmerga

Assured US Secretary of State, Rex Tillerson, said on Wednesday that US support for continuing the Peshmerga forces pointing out that his country ‘s relations are continuing with the Kurdistan region.

Tillerson ‘s remarks came during a telephone conversation with the President of the Kurdistan region, Massoud Barzani according to a statement issued by the Presidency of the Territory.

The statement added that Tillerson thanked the Peshmerga forces to victories in the war against terrorists and praised the existing between the Peshmerga and the Iraqi army forces in the war against terrorists in cooperation.

The statement also explained that the American Foreign Minister Barzani promised that his country s relations with the continuing support of Kurdistan and the Peshmerga forces
For his part, the President of the Kurdistan region during telephone contact with Tillerson thanks to America on its support for the region and congratulated him on his acknowledging receipt as foreign minister, and wished him success in his work.

Read more: http://www.dinarupdates.com/showthread.php?49694-Tillerson-Barzani-telephone-Washington-s-relations-with-the-region-and-the-ongoing
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OPEC price rises slightly despite glut concerns

The price of OPEC basket of thirteen crudes stood at $48.85 a barrel on Thursday, compared with $48.69 the previous day, according to OPEC Secretariat calculations.

According to a Reuters report, this upward trend comes as oil prices tumbled below $50 on Friday amid worries that U.S. President Donald Trump’s decision to abandon a global climate pact could spark more crude drilling in the United States.

The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Rabi Light (Gabon), Iran Heavy ( Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

Read more: http://www.dinarupdates.com/showthread.php?49716-Iraq-news-OPEC-price-rises-slightly-despite-glut-concerns

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Abadi reveals a plan to secure the Iraqi-Syrian border

“When terrorists target innocent people in Baghdad, some try to discourage morale and morale on the front lines,” he said, adding that “there is a radical plan on joint checkpoints” .

“A plan has been drawn up under the supervision of the commander-in-chief of the armed forces and in coordination with the popular crowd to secure the Iraqi-Syrian border,” Abadi said.

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Paramilitary troops say crossing Iraqi borders requires parliament approval

The Shia-led paramilitary troops have said that crossing the Iraqi borders to other countries requires parliament approval in advance.

He considered that “talks about this issue while the country is fighting and clearing the provinces from Islamic State is unreal.”

“The troops will stick to all instructions and commands made by the armed forces commander-in-chief,” Assadi added.

“After retaking all the regions from Islamic State, the PMUs will have a basic role in immunizing areas that suffer weakness in borders control,” he said.

PMUs, an alliance of more than 60 mostly Shia militias, are recognized by the government as a national force under the Prime Minister’s command.

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Read more: http://www.dinarupdates.com/observer
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The central bank sells more than $ 155 million in the auction today

BAGHDAD / The Central Bank of Iraq sold Wednesday a $ 155 million auction.

The statement said that “the sale of amounts transferred to the accounts of banks abroad, as well as the sale of cash was the price of 1190 dinars per dollar.”

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Economic “warns” the Central Bank

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Read more: http://www.dinarupdates.com/observer
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Governor of Baghdad is discussing with a Swiss company the establishment of waste recycling project capital

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Oil falls as production of Libya and America rises

By At 0657 hours Greenwich Decreased raw Measurement Global Mix Brent at Contracts Futures 54 cents or One percent About Closure the previous Up To $ 51.30 Per barrel .

He slipped raw West Texas Mediator American at Contracts Futures 51 cents or One percent About price Closure the previous Up To $ 49.15 Per barrel .

And he said Traders that drop the prices came result Height Production at Libya Which rip it Conflict and he What Increase From Sharpness Effect the growth Continuing Production American .

She said Enterprise National Of oil at Libya day Monday that From Expected that Rises Produce Libya From Raw To 800 thousand barrel Daily This Week .

And Libya member at organization OPEC but she Exempted From Discounts Production While No Involved the states United Nations at That Deficiencies .

And reached Produce Russia From Oil is 10.94 million barrel Daily at May May Including In line With Pledges By reducing Production According when I mentioned Resources day Wednesday .

______________________________________________________________

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

Today we remember the men and women who made the ultimate sacrifice in serving. Thank you, God bless your families & God bless the USA! –

President Trump

______________________________________________________________

Keywords: Prepare a plan for the rehabilitation of the central bank branch in Mosul

______________________________________________________________

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

______________________________________________________________

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

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

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

______________________________________________________________

Iraqi Dinar/Dollar auction 06-1-17 (most recent listing)

Currency Auctions Announcement No. 3456

This daily currency auction was held in the Central Bank of Iraq on the 06-01-2017

DETAILS	NOTES
Number of banks	38
Number of remittance companies	10
Amount sold at auction price (US$)	151,197,131
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	151,197,131
Total offers for selling (US$)	—–

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

______________________________________________________________

CURRENCY	CODE	SELL	BUY
US dollar	USD	1184.000	1182.000
Euro	EUR	1328.566	1327.902
British pound	GBP	1520.078	1519.318
Canadian dollar	CAD	877.102	876.663
Swiss franc	CHF	1219.361	1218.752
Swedish krona	SEK	135.842	135.774
Norwegian krone	NOK	140.756	140.686
Danish krone	DKK	178.577	178.488
Japanese yen	JPY	10.671	10.666
Special Drawing Rights	SDR	1634.619	1633.80

Indicative rates – 06.1.2017

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 Dinar, Dinar Chat, dinar detectives, Dinar Guru, dinar gurus, Dinar Info, Dinar News, dinar recaps, dinar recaps blog, Dinar RV, dinar to usd, dinar updates, dinar value, dinar vets, IQD, Iraqi Dinar, Observer, Recaps, Revaluation, Updates, VND | Comments Off

Dinar Daily NEWS Blog – June 1st

Posted on June 1, 2017 by BGG

Central Bank announces the issuance of a new assessment of banks operating in Iraq

Advertise the bank Central Iraq, Thursday, Achievement Evaluation League For banks Working at Iraq From During Commitment By law Combat wash Money And rules the transfer External .

And he said Director the desk Media Of the Bank Central Iraq Acer Jabbar, at Declaration Journalist Received ” economy News ” version from him, ” The bank Central Iraq Done Evaluation League For banks Working In the country From Where Bezel Commitment By law Combat wash Money And rules And instructions the transfer External Which Adopted the bank Ago 1/1/2017 According Standards Done Put it down Consultation With Desk Audit International “.

“He added That ” application That Standards LED to me Stimulate Big For banks To create Formations And application Grammar New As well Use Offices International Specialized To develop Procedures Banks ” , Pointing out to me He ” had the program Which Apply it the bank Central Praise From Institutions Finance International when Achieve it From Censorship Effective And transparency High at the information And data Which Requires On Banks Provided To promote And documentation Operations Conversion “.

He drew Jabbar to me That “the bank Central The Reviewed patrol To restart Evaluation Banks According For indicators Commitment By standards The allowed the bank For banks By giving Her observations On Degrees Evaluation And look In which A committee From Top Levels at the bank And correction Which a paragraph Prove merit The bank Her.

“He added “It is a success This the work His goal Put Window Sale the currency On foundations And rules Legal Approved Standards Accurate Judging From Course at Strengthen Censorship And supervision and he What Pledged with it Administration the bank Before Committee Finance at board Deputies Before Execution the plan And Which She praised In turn Procedures New at This Connection “.

Read more: http://www.dinarupdates.com/showthread.php?49667-Central-Bank-announces-the-issuance-of-a-new-assessment-of-banks-operating-in-Iraq
______________________________________________________________

Follow us on twitter @DinarUpdates !!

Dinar Updates – “News Time” w/MadDScout & Facebook Crew!! June 1st – 6:30 pm CST – In the DU Chat Room!!

www.DinarUpdates.com – save as favorite

______________________________________________________________

Economist: The strategy of the Central Bank painted the way for banking reform

Economy News _ Baghdad: Economic expert Samir al-Nusairi said Wednesday that the central bank’s strategy for the years 2016-2020 paved the way for banking reform.

Al-Nasiri said in an interview with “Economy News” that “the strategy of the Central Bank of Iraq aims to draw a road map for the next five years to achieve stability in the financial system to contribute to access to financial coverage and banking reform,” wondering what mechanisms and new policies that can be adopted by the Central Bank and banks The government and private and related parties in terms of banking reform in accordance with the approach of fundamental change desired for the Iraqi economy in the next stage, which constitutes the banking sector the first and the main link.

“The main objectives of the strategy are to support and achieve financial stability and activate the role of the banking sector and financial institutions and the development of organizational structure and organizational structure.”

______________________________________________________________

Abadi reveals a plan to secure the Iraqi-Syrian border

“When terrorists target innocent people in Baghdad, some try to discourage morale and morale on the front lines,” he said, adding that “there is a radical plan on joint checkpoints” .

“A plan has been drawn up under the supervision of the commander-in-chief of the armed forces and in coordination with the popular crowd to secure the Iraqi-Syrian border,” Abadi said.

______________________________________________________________

Paramilitary troops say crossing Iraqi borders requires parliament approval

The Shia-led paramilitary troops have said that crossing the Iraqi borders to other countries requires parliament approval in advance.

He considered that “talks about this issue while the country is fighting and clearing the provinces from Islamic State is unreal.”

“The troops will stick to all instructions and commands made by the armed forces commander-in-chief,” Assadi added.

“After retaking all the regions from Islamic State, the PMUs will have a basic role in immunizing areas that suffer weakness in borders control,” he said.

PMUs, an alliance of more than 60 mostly Shia militias, are recognized by the government as a national force under the Prime Minister’s command.

_____________________________________________________________

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

The central bank sells more than $ 155 million in the auction today

BAGHDAD / The Central Bank of Iraq sold Wednesday a $ 155 million auction.

The statement said that “the sale of amounts transferred to the accounts of banks abroad, as well as the sale of cash was the price of 1190 dinars per dollar.”

______________________________________________________________

Economic “warns” the Central Bank

______________________________________________________________

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

Governor of Baghdad is discussing with a Swiss company the establishment of waste recycling project capital

______________________________________________________________

Oil falls as production of Libya and America rises

By At 0657 hours Greenwich Decreased raw Measurement Global Mix Brent at Contracts Futures 54 cents or One percent About Closure the previous Up To $ 51.30 Per barrel .

He slipped raw West Texas Mediator American at Contracts Futures 51 cents or One percent About price Closure the previous Up To $ 49.15 Per barrel .

And he said Traders that drop the prices came result Height Production at Libya Which rip it Conflict and he What Increase From Sharpness Effect the growth Continuing Production American .

She said Enterprise National Of oil at Libya day Monday that From Expected that Rises Produce Libya From Raw To 800 thousand barrel Daily This Week .

And Libya member at organization OPEC but she Exempted From Discounts Production While No Involved the states United Nations at That Deficiencies .

And reached Produce Russia From Oil is 10.94 million barrel Daily at May May Including In line With Pledges By reducing Production According when I mentioned Resources day Wednesday .

______________________________________________________________

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

Today we remember the men and women who made the ultimate sacrifice in serving. Thank you, God bless your families & God bless the USA! –

President Trump

______________________________________________________________

Keywords: Prepare a plan for the rehabilitation of the central bank branch in Mosul

______________________________________________________________

U.N. says 200,000 more people could flee Mosul as fighting intensifies

The United Nations said on Thursday up to 200,000 more people could flee Mosul as Iraqi forces push into the last districts held by Islamic State militants.

Iraqi authorities and aid agencies are already struggling to cope with a surge in displacement since security forces opened a new front against the militants in Mosul earlier this month.

Backed by a U.S.-led coalition, Iraqi forces have dislodged Islamic State from all but about 12 square km (5 square miles) of the city and are seeking to claim victory before the holy month of Ramadan in less than two weeks.
The militants, however, still control the Old City, where they are expected to make their last stand in the densely populated, narrow streets that are impassable for armored vehicles.

“As military operations intensify and move closer to Mosul’s Old City area, we expect that up to 200,000 more people will flee,” Lise Grande, the U.N.’s Humanitarian Coordinator for Iraq said in a statement, describing the figures as “alarming”.

“The numbers of people who are moving are now so large, it’s becoming more and more difficult to ensure civilians receive the assistance and protection they need.”

Nearly 700,000 people have fled Mosul since the start of the campaign to retake the city last October, seeking refuge either with friends and relatives or in camps.
Human Rights Watch said on Thursday the Iraqi army and other local security forces had forced over 300 displaced families to return to districts of Mosul that are still at risk of attack by Islamic State.

“These families should not be forcibly returned to unsafe areas and areas that lack adequate water, food, electricity, or health facilities,” said Lama Fakih, deputy Middle East director at Human Rights Watch.

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Al-Rashid: Our predecessor to pensioners up to 3 million dinars

Al-Rasheed Bank announced on Thursday that it is providing advances to retirees up to 3 million dinars, stressing that the borrower must have a smart card from the bank exclusively.

The bank’s assistant director Muataz Abdul Rasul said that “the bank is still continuing to grant advances to retirees according to his pension and the amounts ranging between one million and 500 thousand dinars and two million dinars and three million dinars.”

Abdul Rasul said that “the interest on these advances up to 7% and the duration of payment of five years,” stressing that “the pensioner must be a smart card from the bank exclusively.”

It is worth mentioning that the Bank of Rasheed started in 2017 by granting salaries to employees of ten salaries according to certain mechanisms and controls.

______________________________________________________________

Economist: The decline in reserves of the Central Bank came because of the bank’s entry as a financier of many banks

The economic expert Bassem Jameel Antoine, said today that the decline in the reserve of the Central Bank came due to the entry of the bank as financier of many banks to save the process of development and economic decline.

Antoine said in an interview for the “trend” He added that “the central bank gave treasury bonds to the Iraqi government to fill the deficit of 21 billion dollars, the equivalent of 21 trillion dinars,” noting that “the Iraqi economy in decline in revenue due to low oil prices.”

“The Iraqi economy needs radical treatments through its transformation from consumer to producer through the activation of the productive sectors of agriculture, industry and tourism.”

He pointed out that “If these amounts withdrawn from the Central Bank for development purposes acted to develop the productive sectors and the private sector in particular Vakhov and consider the economy is good,” noting that “the amounts paid to salaries and non-productive sectors and does not cover the rate of interest you borrow is a mistake.”

______________________________________________________________

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

______________________________________________________________

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

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

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

______________________________________________________________

Iraqi Dinar/Dollar auction 06-1-17 (most recent listing)

Currency Auctions Announcement No. 3456

This daily currency auction was held in the Central Bank of Iraq on the 06-01-2017

DETAILS	NOTES
Number of banks	38
Number of remittance companies	10
Amount sold at auction price (US$)	151,197,131
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	151,197,131
Total offers for selling (US$)	—–

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

______________________________________________________________

CURRENCY	CODE	SELL	BUY
US dollar	USD	1184.000	1182.000
Euro	EUR	1328.566	1327.902
British pound	GBP	1520.078	1519.318
Canadian dollar	CAD	877.102	876.663
Swiss franc	CHF	1219.361	1218.752
Swedish krona	SEK	135.842	135.774
Norwegian krone	NOK	140.756	140.686
Danish krone	DKK	178.577	178.488
Japanese yen	JPY	10.671	10.666
Special Drawing Rights	SDR	1634.619	1633.80

Indicative rates – 06.1.2017

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!!

www.DinarUpdates.com

Dinar Daily NEWS Blog – May 31st

Posted on May 31, 2017 by BGG

Prime Minister and Commander-in-Chief of the Armed Forces Dr. Haider Al-Abbadi issues directives and orders to lead Baghdad operations

The Prime Minister, Commander-in-Chief of the Armed Forces, Dr. Haider Al-Abadi, issued a series of measures and orders to lead the Baghdad operations

To contribute to maintaining security in the capital and protecting the lives of citizens.

This came during his visit to the headquarters of the Baghdad Operations Command and meeting with its leaders, where he was briefed on the security plans in the capital Baghdad after the terrorist bombings that targeted citizens in Karrada and the Department of Retirement, and the sovereignty of the importance of frustrating the schemes of the enemy who receives defeats at the hands of our heroes on the frontlines and trying to destabilize the security And stressed the sovereignty of all those who want to tamper with the lives of innocent people and not allow him to implement his plans, especially as we turn the last pages black.

______________________________________________________________

Follow us on twitter @DinarUpdates !!

Dinar Updates – “News Time” w/MadDScout & Facebook Crew!! June 1st – 6:30 pm CST – In the DU Chat Room!!

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______________________________________________________________

Abadi reveals a plan to secure the Iraqi-Syrian border

“When terrorists target innocent people in Baghdad, some try to discourage morale and morale on the front lines,” he said, adding that “there is a radical plan on joint checkpoints” .

“A plan has been drawn up under the supervision of the commander-in-chief of the armed forces and in coordination with the popular crowd to secure the Iraqi-Syrian border,” Abadi said.

______________________________________________________________

Paramilitary troops say crossing Iraqi borders requires parliament approval

The Shia-led paramilitary troops have said that crossing the Iraqi borders to other countries requires parliament approval in advance.

He considered that “talks about this issue while the country is fighting and clearing the provinces from Islamic State is unreal.”

“The troops will stick to all instructions and commands made by the armed forces commander-in-chief,” Assadi added.

“After retaking all the regions from Islamic State, the PMUs will have a basic role in immunizing areas that suffer weakness in borders control,” he said.

PMUs, an alliance of more than 60 mostly Shia militias, are recognized by the government as a national force under the Prime Minister’s command.

_____________________________________________________________

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

The central bank sells more than $ 155 million in the auction today

BAGHDAD / The Central Bank of Iraq sold Wednesday a $ 155 million auction.

The statement said that “the sale of amounts transferred to the accounts of banks abroad, as well as the sale of cash was the price of 1190 dinars per dollar.”

______________________________________________________________

Economic “warns” the Central Bank

______________________________________________________________

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

Governor of Baghdad is discussing with a Swiss company the establishment of waste recycling project capital

______________________________________________________________

Oil falls as production of Libya and America rises

By At 0657 hours Greenwich Decreased raw Measurement Global Mix Brent at Contracts Futures 54 cents or One percent About Closure the previous Up To $ 51.30 Per barrel .

He slipped raw West Texas Mediator American at Contracts Futures 51 cents or One percent About price Closure the previous Up To $ 49.15 Per barrel .

And he said Traders that drop the prices came result Height Production at Libya Which rip it Conflict and he What Increase From Sharpness Effect the growth Continuing Production American .

She said Enterprise National Of oil at Libya day Monday that From Expected that Rises Produce Libya From Raw To 800 thousand barrel Daily This Week .

And Libya member at organization OPEC but she Exempted From Discounts Production While No Involved the states United Nations at That Deficiencies .

And reached Produce Russia From Oil is 10.94 million barrel Daily at May May Including In line With Pledges By reducing Production According when I mentioned Resources day Wednesday .

______________________________________________________________

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

Economist: The strategy of the Central Bank painted the way for banking reform

Economy News _ Baghdad: Economic expert Samir al-Nusairi said Wednesday that the central bank’s strategy for the years 2016-2020 paved the way for banking reform.

Read more: http://www.dinarupdates.com/showthread.php?49640-Economist-The-strategy-of-the-Central-Bank-painted-the-way-for-banking-reform

______________________________________________________________

Today we remember the men and women who made the ultimate sacrifice in serving. Thank you, God bless your families & God bless the USA! –

President Trump

______________________________________________________________

Keywords: Prepare a plan for the rehabilitation of the central bank branch in Mosul

______________________________________________________________

U.N. says 200,000 more people could flee Mosul as fighting intensifies

The United Nations said on Thursday up to 200,000 more people could flee Mosul as Iraqi forces push into the last districts held by Islamic State militants.

Iraqi authorities and aid agencies are already struggling to cope with a surge in displacement since security forces opened a new front against the militants in Mosul earlier this month.

“The numbers of people who are moving are now so large, it’s becoming more and more difficult to ensure civilians receive the assistance and protection they need.”

______________________________________________________________

Al-Rashid: Our predecessor to pensioners up to 3 million dinars

Al-Rasheed Bank announced on Thursday that it is providing advances to retirees up to 3 million dinars, stressing that the borrower must have a smart card from the bank exclusively.

Abdul Rasul said that “the interest on these advances up to 7% and the duration of payment of five years,” stressing that “the pensioner must be a smart card from the bank exclusively.”

It is worth mentioning that the Bank of Rasheed started in 2017 by granting salaries to employees of ten salaries according to certain mechanisms and controls.

______________________________________________________________

Economist: The decline in reserves of the Central Bank came because of the bank’s entry as a financier of many banks

“The Iraqi economy needs radical treatments through its transformation from consumer to producer through the activation of the productive sectors of agriculture, industry and tourism.”

______________________________________________________________

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

______________________________________________________________

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

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

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

______________________________________________________________

Iraqi Dinar/Dollar auction 05-31-17 (most recent listing)

Currency Auctions Announcement No. 3455

This daily currency auction was held in the Central Bank of Iraq on the 05-31-2017

DETAILS	NOTES
Number of banks	37
Number of remittance companies	10
Amount sold at auction price (US$)	155,688,671
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	155,688,671
Total offers for selling (US$)	—–

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

______________________________________________________________

CURRENCY	CODE	SELL	BUY
US dollar	USD	1184.000	1182.000
Euro	EUR	1322.883	1322.222
British pound	GBP	1523.275	1522.514
Canadian dollar	CAD	879.056	878.616
Swiss franc	CHF	1212.121	1211.515
Swedish krona	SEK	135.370	135.302
Norwegian krone	NOK	140.138	140.068
Danish krone	DKK	177.815	177.726
Japanese yen	JPY	10.681	10.676
Special Drawing Rights	SDR	1634.619	1633.801

Indicative rates – 05.31.2017

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!!

www.DinarUpdates.com

Posted in Daily Dinar Updates | Tagged Dinar, Dinar Chat, dinar detectives, Dinar Guru, dinar gurus, Dinar Info, Dinar News, dinar recaps, dinar recaps blog, Dinar RV, dinar to usd, dinar updates, dinar vets, IQD, Iraqi Dinar, Observer, Recaps, Revaluation, Updates, VND | Comments Off

Dinar Daily NEWS Blog – May 30th

Posted on May 30, 2017 by BGG

Mosul battle to be resolved within 72 hours

A spokesman for Iraqi Joint Operations said Monday the battle to recapture Mosul would be resolved within 72 hours, according to a video obtained by The Baghdad Post on Monday.

This comes at a time when an Iraqi military source confirmed 26 ISIS terrorists had been killed in battles in al-Zanjili district in Mosul.

He added the forces had destroyed a number of car bombs and fully controlled vital buildings.

The Iraqi forces are fiercely battling to oust ISIS remnants from three major districts in Iraq’s second largest city.

______________________________________________________________

Follow us on twitter @DinarUpdates !!

Dinar Updates – “News Time” w/BGG & Company!! May 30th – 7:30 pm CST – In the DU Chat Room!!

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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 Monday.

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 a statement, the 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.

On Monday, a spokesman for Iraqi Joint Operations said the battle to recapture Mosul would be resolved within 72 hours, according to a video obtained by The Baghdad Post on Monday.

This comes at a time when an Iraqi military source confirmed 26 ISIS terrorists had been killed in battles in al-Zanjili district in Mosul.

Also, Iraqi prime minister and commander in chief of the armed forces Haider al-Abadi confirmed the victory over the terrorists will be proclaimed soon.

______________________________________________________________

Security forces free 380 captives in Mosul’s right bank

Iraqi Counter Terrorism Service (CTS) on Tuesday freed 380 civilians who were held captives by ISIS terrorists in Mosul’s right bank, a security source told The Baghdad Post.

Women and children were among the captives, the source added, noting that the operation lasted for five hours.

Since February 19th, the Iraqi army in partnership with the US-led international coalition, has launched the ‘We Are Coming, Nineveh’ operations that started on February 19th to oust ISIS from the right bank of Mosul.

Mosul fell to ISIS in 2014.

Iraqi army announced it liberated more than 95 percent of the city.

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Kaperoni (Dinar Guru) – …we all know the dinar is pegged to the dollar… […wouldn’t Iraq have to/want to be in Article VIII compliance before they unpegged?] I can only speculate based on the IMF docs that I have read. But I would assume so…because the raising of the value of the dinar is directly related to investment in the market economy. And without Article VIII, there is no foreign investment. Remember, the key to this is the activation of the CBI’s Capital Account which is the pipeline of sorts for money flowing in and out of Iraq. Once in Article VIII, foreign investors/ investment will begin to participate in rebuilding and privatizing Iraq. Money will be deposited into bank accounts, flow through the CBI’s Capital Account and if the dinar is not pegged, will begin to move upwards to offset inflationary pressure created by the influx of economic activity (thus the Balassa-Samuelson effect)... There are no shortcuts. The CBI needs to get in compliance with the IMF so they can transition out of Article XIV. They need deposit insurance. Once that happens, we should see things begin to move fast.

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

Iraq is preparing to launch a second round of Treasury bonds

Central Bank Governor Ali al-Alak announced on Thursday that the bank is ready to offer the second batch of treasury bonds by one billion dollars to international banks.

“Bonds that were guaranteed by the US government were floated and sold for $ 1 billion. This guarantee helped cut the interest rate to about 2 percent or slightly more,” Alaq said in a news interview.

Al-Alak added that “Iraq has an intention to raise another billion, and this goal from the beginning and according to the budget law to raise $ 2 billion, so as not to be high interest costs guaranteed the United States billion dollars to be the other billion market interest combined with other interest, “This is helping to reduce interest rates,” he said, adding that “preparations are being made for the issuance of these bonds to international banks.”

He stressed the “absence of any conditions or dictations on Iraq by the IMF and the World Bank on the issue of loans,” noting at the same time that “the reserves of hard currency comfortable and reassuring in accordance with international standards.”

He pointed to the “Iraq’s success in moving to the rank of follow-up member according to the international classification of international financial transactions after he was threatened years ago on the black list.”

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Central bank sales of the dollar fell in the auction today

Trend Press / Baghdad The sale of foreign currency by the Central Bank of Iraq (CBI) on Wednesday fell to 150 million dollars, while 153 million dollars were recorded yesterday.

A statement by the bank obtained “Trend Press” a copy of it, “The volume of the amount sold today amounted to 150 million, 321 thousand, and 47 dollars, the exchange rate of 1182 dinars per dollar, with the participation of 40 banks and 10 companies for financial transfer.”

The statement said that “the sale of amounts transferred to the accounts of banks abroad, as well as the sale of cash was the price of 1190 dinars per dollar.”

______________________________________________________________

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

Abadi: We discussed with the Saudi side the mechanisms of controlling oil prices in the global market

Prime Minister Haider al-Abadi said that he discussed with Saudi Oil Minister Khalid Al-Faleh the mechanisms of controlling the oil prices in the world market, while stressing that Iraq’s relations with all neighboring countries are “good”.

“We discussed with the Saudi side the mechanisms of controlling oil prices in the global market,” Abadi said at his weekly press conference.

On February 22, 2017, Saudi Oil Minister Khalid al-Faleh arrived in Baghdad on an official visit during which he met with Prime Minister Haider al-Abadi and Oil Minister Jabbar al-Allaibi.

______________________________________________________________

Crude oil rises ahead of OPEC meeting

LONDON (Reuters) – Oil prices rose in European trading on Wednesday for a sixth consecutive session, gaining more ground on the back of OPEC’s possible extension of production cuts for another nine months when it meets on Thursday.

London Brent crude futures for July delivery rose 20 cents to $ 54.35 a barrel, after hitting a 19-year high of $ 54.43 the previous day.

Oil ministers from the Organization of the Petroleum Exporting Countries and other major producer countries will meet in Vienna on Thursday to decide whether to extend the current production agreement beyond June 30.

In November last year, the Organization of Petroleum Exporting Countries (OPEC) and 11 other non-OPEC countries, including Russia, agreed to cut production by 8.1 million bpd between January 1 and June 30.

Most market analysts expect the oil sector to extend production cuts for another nine months until March 2018 instead of six months as previously expected.

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

Industry: We want to cooperate with the UAE in the field of energy

Economy News BAGHDAD, He confirmed minister Industry And minerals Mohammed Ayaa Sudanese, Wednesday, desire Iraq Cooperation With Country United Arab Emirates at fields energy Multiple, Indicating to have Iraq Centers Research Specialized And sophisticated .

And he said Declaration Journalist To the Ministry Industry Received ” economy News ” version from him, That ” Sudanese he met During His visit Current to me Country United Arab Emirates Arabic United Nations Bockel Ministry energy Doctor rain Neyadi And search Frames Cooperat Common at fields energy Different And possibility Support Capacity Iraq Specialized by this the field In the presence of Delegation Iraq the official Which Includes President body Investment And the counselor Economic development To the President Ministers Number From Officials Governmental organizations And men Business Iraqis addition to me actor Ministry Foreign Affairs at Country United Arab Emirates And Ambassador Republic of Iraq at Abu Abu Dhabi .

He drew To ” desire the government Cooperation With Country United Arab Emirates at fields energy Multiple And their uses From During exchange Of experience Transfer Technology And benefit From Experiments Successful at Country United Arab Emirates by this Domain ” , Pointing out to me That ” Iraq Owned Centers Research Specialized And sophisticated at fields energy And cadres Enough And Experiences Accumulated “.

“It is important Use Experiences Experiences Arabic And foreign To develop this is Possibilities And upgrading In the centers And studies Research And scientific As a pillar Basic And important To implement Projects Pioneer Serving And contribute at Investigation Development Economic . ”

______________________________________________________________

Today we remember the men and women who made the ultimate sacrifice in serving. Thank you, God bless your families & God bless the USA! –

President Trump

______________________________________________________________

Iraqi troops recapture half of biggest western Mosul district

Iraqi troops have gained control on part of the biggest west Mosul district and killed a number of Islamic State militants in an airstrike.

In statements on Friday, the War Media Cell quoted the Nineveh Operations Commander, Lt.Gen. Abdul Amir Yarallah, as saying that the 9th armored division retaken the northern part of 17 Tamuz (July 17) in the western side of Mosul.

In other statements, WMC said dozens of IS fighters were killed in airstrikes in western Mosul.

Iraqi fighter jets launched several airstrikes that destroyed booby-trapping workshop and vehicles and killed dozens of militants on Rifaie district.

“An IS headquarter and booby-trapping workshop were destroyed, while dozens of militants were killed on al-Zanjili district,” the statement added.

Iraqi forces have been sweeping through northwestern neighborhoods over the past two weeks in a way to invade the strategic Old City.

More than 16,000 IS members were killed since beginning of operations in Mosul, Brigadier General Yahya Rasool, the military spokesperson, said in a press conference on Tuesday declaring that 89.5 percent of western Mosul was liberated with only a few districts remaining under the militants’ control.

Eastern Mosul was liberated in January after three months of battles. Another major offensive was launched in February to retake the western side.

______________________________________________________________

U.N. says 200,000 more people could flee Mosul as fighting intensifies

The United Nations said on Thursday up to 200,000 more people could flee Mosul as Iraqi forces push into the last districts held by Islamic State militants.

Iraqi authorities and aid agencies are already struggling to cope with a surge in displacement since security forces opened a new front against the militants in Mosul earlier this month.

“The numbers of people who are moving are now so large, it’s becoming more and more difficult to ensure civilians receive the assistance and protection they need.”

______________________________________________________________

Al-Rashid: Our predecessor to pensioners up to 3 million dinars

Al-Rasheed Bank announced on Thursday that it is providing advances to retirees up to 3 million dinars, stressing that the borrower must have a smart card from the bank exclusively.

Abdul Rasul said that “the interest on these advances up to 7% and the duration of payment of five years,” stressing that “the pensioner must be a smart card from the bank exclusively.”

It is worth mentioning that the Bank of Rasheed started in 2017 by granting salaries to employees of ten salaries according to certain mechanisms and controls.

______________________________________________________________

Economist: The decline in reserves of the Central Bank came because of the bank’s entry as a financier of many banks

“The Iraqi economy needs radical treatments through its transformation from consumer to producer through the activation of the productive sectors of agriculture, industry and tourism.”

______________________________________________________________

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

______________________________________________________________

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

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

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

______________________________________________________________

Iraqi Dinar/Dollar auction 05-30-17 (most recent listing)

Currency Auctions Announcement No. 3454

This daily currency auction was held in the Central Bank of Iraq on the 05-25-2017

DETAILS	NOTES
Number of banks	38
Number of remittance companies	10
Amount sold at auction price (US$)	149,446,115
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	149,446,115
Total offers for selling (US$)	—–

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

______________________________________________________________

CURRENCY	CODE	SELL	BUY
US dollar	USD	1184.000	1182.000
Euro	EUR	1321.818	1321.157
British pound	GBP	1520.019	1519.259
Canadian dollar	CAD	880.167	879.726
Swiss franc	CHF	1211.253	1210.648
Swedish krona	SEK	136.100	136.032
Norwegian krone	NOK	140.813	140.743
Danish krone	DKK	177.687	177.598
Japanese yen	JPY	10.644	10.638
Special Drawing Rights	SDR	1638.100	1637.280

Indicative rates – 05.30.2017

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!!

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Dinar Daily NEWS Blog – May 29th

Posted on May 29, 2017 by BGG

National Security Council discusses Mosul liberation battle

Ministerial Council for National Security has discussed the developments of Mosul liberation battle, part of “We Are Coming, Nineveh” military operations, and the imminent full liberation of Mosul’s right bank, a statement revealed on Monday.

A Council’s meeting was held Sunday evening, chaired by Commander-in-Chief of the Armed Forces Haider al-Abadi.

During the meeting, the council discussed developing forces capacities in checkpoints, particularly in Baghdad, Abadi’s office said in a statement.

It noted that during the meeting the council addressed easing congestion and enhancing intelligence efforts.

The council also discussed training counter-terrorism forces for a project aiming at fighting terrorist groups in deserts.

Moreover, the council has agreed to form a committee according to the Security Council Resolution No. 2341 of 2017 concerning the protection of vital targets.

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

______________________________________________________________

Follow us on twitter @DinarUpdates !!

Dinar Updates – “News Time” w/BGG & Company!! May 30th – 7:30 pm CST – In the DU Chat Room!!

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______________________________________________________________

Mosul to be liberated in week, PM Abadi orders celebration preparations: Sources

Military sources have said that liberation of Mosul will not last for more than one week to prevent battling in the city after June 10, which marks the day on which Mosul fell to hands of the Islamic State militants in 2014, reports mentioned.

News websites quoted sources as saying that Prime Minister Haidar al-Abadi gave instructions to prepare for celebrations in the country after liberation of Mosul, which will be declared through him and not in military statements like what happened with other cities when freed from IS.

Elimination of IS militants in Mosul killed and injured more than 30,000 civilians,most of whom were women and children, over the past eight-month old battle, which started in October, the sources added. Hundreds of violations were recorded by local and foreign organizations. The total count of losses and destruction of more than eighty percent of the city was estimated to be more than US$50 billion.

Iraqi generals had earlier predicted recapturing the city in mid-May before start of the holy month of Ramadan, which began on Saturday.

Iraqi commanders say they at least 90 percent of territories in western Mosul is under Iraqi troops control, predicting to retake the city before the end of May. Only two districts besides the Old City are under IS control.

Iraqi forces have been sweeping through northwestern neighborhoods over the past few weeks in a way to invade the strategic Old City, after finding it hard to invade from the south.

The eastern side of Mosul was retaken in January after three months of battles. Another major offensive was launched in February to recapture the western flank of the city.

______________________________________________________________

National reconciliation ‘key to Iraq’s stability’ – Jabouri

It is time to commence community reconciliation project and inculcate tolerance and coexistence in the Iraqi society, Iraqi Parliament Speaker Salim al-Jabouri said on Thursday, adding that these points are key to Iraq’s security and stability.

During a meeting with a number of tribal leaders and dignitaries in Baghdad, al-Jabouri stated that tribes play a significant role in maintaining Iraq’s unity and social fabric by addressing causes of division.

He pointed out that the Iraqi parliament is keen on supporting tribes and other concerned parties’ efforts to achieve unity by passing laws in the interest of all Iraqi citizens without exception.

In an earlier statement, Iraqi Parliament speaker said that security and stability cannot be achieved without Iraqi displaced families’ return to their districts and cooperation between the security apparatuses and citizens.

______________________________________________________________

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

Iraq is preparing to launch a second round of Treasury bonds

Central Bank Governor Ali al-Alak announced on Thursday that the bank is ready to offer the second batch of treasury bonds by one billion dollars to international banks.

______________________________________________________________

Central bank sales of the dollar fell in the auction today

Trend Press / Baghdad The sale of foreign currency by the Central Bank of Iraq (CBI) on Wednesday fell to 150 million dollars, while 153 million dollars were recorded yesterday.

The statement said that “the sale of amounts transferred to the accounts of banks abroad, as well as the sale of cash was the price of 1190 dinars per dollar.”

______________________________________________________________

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

Abadi: We discussed with the Saudi side the mechanisms of controlling oil prices in the global market

“We discussed with the Saudi side the mechanisms of controlling oil prices in the global market,” Abadi said at his weekly press conference.

On February 22, 2017, Saudi Oil Minister Khalid al-Faleh arrived in Baghdad on an official visit during which he met with Prime Minister Haider al-Abadi and Oil Minister Jabbar al-Allaibi.

______________________________________________________________

Crude oil rises ahead of OPEC meeting

London Brent crude futures for July delivery rose 20 cents to $ 54.35 a barrel, after hitting a 19-year high of $ 54.43 the previous day.

Most market analysts expect the oil sector to extend production cuts for another nine months until March 2018 instead of six months as previously expected.

______________________________________________________________

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

Industry: We want to cooperate with the UAE in the field of energy

______________________________________________________________

“I have been driven many times upon my knees by the overwhelming conviction that I had no where else to go.”

Abraham Lincoln

______________________________________________________________

Iraqi troops recapture half of biggest western Mosul district

Iraqi troops have gained control on part of the biggest west Mosul district and killed a number of Islamic State militants in an airstrike.

In other statements, WMC said dozens of IS fighters were killed in airstrikes in western Mosul.

Iraqi fighter jets launched several airstrikes that destroyed booby-trapping workshop and vehicles and killed dozens of militants on Rifaie district.

“An IS headquarter and booby-trapping workshop were destroyed, while dozens of militants were killed on al-Zanjili district,” the statement added.

Iraqi forces have been sweeping through northwestern neighborhoods over the past two weeks in a way to invade the strategic Old City.

Eastern Mosul was liberated in January after three months of battles. Another major offensive was launched in February to retake the western side.

______________________________________________________________

U.N. says 200,000 more people could flee Mosul as fighting intensifies

The United Nations said on Thursday up to 200,000 more people could flee Mosul as Iraqi forces push into the last districts held by Islamic State militants.

Iraqi authorities and aid agencies are already struggling to cope with a surge in displacement since security forces opened a new front against the militants in Mosul earlier this month.

“The numbers of people who are moving are now so large, it’s becoming more and more difficult to ensure civilians receive the assistance and protection they need.”

______________________________________________________________

Al-Rashid: Our predecessor to pensioners up to 3 million dinars

Al-Rasheed Bank announced on Thursday that it is providing advances to retirees up to 3 million dinars, stressing that the borrower must have a smart card from the bank exclusively.

Abdul Rasul said that “the interest on these advances up to 7% and the duration of payment of five years,” stressing that “the pensioner must be a smart card from the bank exclusively.”

It is worth mentioning that the Bank of Rasheed started in 2017 by granting salaries to employees of ten salaries according to certain mechanisms and controls.

______________________________________________________________

Economist: The decline in reserves of the Central Bank came because of the bank’s entry as a financier of many banks

“The Iraqi economy needs radical treatments through its transformation from consumer to producer through the activation of the productive sectors of agriculture, industry and tourism.”

______________________________________________________________

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

______________________________________________________________

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

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

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

______________________________________________________________

Iraqi Dinar/Dollar auction 05-25-17 (most recent listing)

Currency Auctions Announcement No. 3450

This daily currency auction was held in the Central Bank of Iraq on the 05-25-2017

DETAILS	NOTES
Number of banks	38
Number of remittance companies	10
Amount sold at auction price (US$)	158,102,404
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	158,102,404
Total offers for selling (US$)	—–

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

______________________________________________________________

CURRENCY	CODE	SELL	BUY
US dollar	USD	1184.000	1182.000
Euro	EUR	1325.251	1324.589
British pound	GBP	1534.701	1533.933
Canadian dollar	CAD	879.643	879.204
Swiss franc	CHF	1212.742	1212.136
Swedish krona	SEK	135.872	135.804
Norwegian krone	NOK	141.220	141.149
Danish krone	DKK	178.088	177.999
Japanese yen	JPY	10.590	10.585
Special Drawing Rights	SDR	1635.116	1634.298

Indicative rates – 05.25.2017

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!!

www.DinarUpdates.com

Posted in Daily Dinar Updates | Tagged Dinar, Dinar Chat, dinar detectives, Dinar Guru, dinar gurus, Dinar Info, Dinar News, dinar recaps, dinar recaps blog, Dinar RV, dinar to usd, dinar value, dinar vets, IQD, Iraqi Dinar, Observer, Recaps, Revaluation, Updates, VND | Comments Off

Dinar Daily NEWS Blog – May 27th

Posted on May 27, 2017 by BGG

Iraqi forces launch multi-front attack to reclaim Old Mosul from ISIS

The Iraqi army announced their newest offensive to reclaim the remaining districts in war-torn west Mosul on Saturday, most notably the Old Mosul district home to the Nuri Mosque where Abu Bakr al-Baghdadi declared his so-called ISIS caliphate on June 29, 2014.

Abdulghani al-Asadi, commander of US-trained elite Iraqi Counter terrorism Service (ICTS), told Rudaw Iraqi forces have begun advancing on all fronts against ISIS militants in the last five neighborhoods in Mosul.

ISIS retains control of just five neighborhoods overall in Mosul, including the Old Mosul district, Shifa, Saha, Bab al-Sinjar and Zanjali

“Since 6 a.m. and from all the fronts, we launched the offensive and very good advances have been made so far,” Asadi said.

Asadi added that specifically the ICTS forces are advancing in the Shifa and Saha neighborhoods.

Abdulamir Rashid Yaralla, commander of the Mosul offensive,said that the Federal Police forces entered Zanjali neighborhood.

Rudaw’s Sidan Lashkiri embedded with the Iraqi fighting troops in the area also reported that the operations were launched today with heavy weapons being used to defeat ISIS in the five districts, particularly in Old Mosul.

Lashkiri added the army aims to control Old Mosul today completely, combining heavy weapon with fighter jet strikes.

The strategically important Old Mosul district, home to the Nuri Mosque and al-Hadba Minaret, also known as the Great Mosque, is where the ISIS leader Abu Bakir al-Baghdadi declared his so-called Islamic State caliphate on June 29, 2014.

Iraqi forces had previously faced strong resistance when they tried to make advances against ISIS militants in Old Mosul, where it is more densely populated and the streets are narrower than the eastern part of the city. As a result, Iraqi armed forces were forced to shift their focus and open a new front in northwestern Mosul earlier this month.

Mosul is the largest and last major urban area in Iraq which ISIS partially controls.

ISIS took over Mosul in June 2014. The group was cleared out of eastern Mosul in January 2017 and Iraqi and US officials expect final victory in the western side of the city in the coming weeks. Iraqi armed forces had repeatedly said the ultimate liberation of the city from ISIS will be declared before the start of the holy month of Ramadan on May 26.

The Iraq’s Shiite Hashd al-Shaabi paramilitary units are simultaneously launching a fresh offensive to capture areas ISIS controls in northern Iraq, particularly in the Yezidi areas of the Shingal region.

______________________________________________________________

Follow us on twitter @DinarUpdates !!

Dinar Updates – “News Time” w/BGG & Company!! May 30th – 7:30 pm CST – In the DU Chat Room!!

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______________________________________________________________

Revealed: Parliament to question Abadi on fate of US troops in Iraq

Member of Iraqi parliament’s Security and Defense Committee Iskander Watut said on Wednesday that the committee aims to meet with Prime Minister Haider al Abadi to inquire on US troops’ presence in Iraq.

In statements to on a TV station, Watut said that the committee will meet with the prime minister soon to ask him about the US troops in Iraq and their fate.

Earlier, security sources told The Baghdad Post that additional US troops have been deployed to Ain al-Assad military base in Anbar province in western Baghdad.

Meanwhile, media reports said that Trump Administration is in talks with the Iraqi government about keeping US troops in Iraq after the fight against ISIS in the country is over while Abadi’s media office released a statement denying any Iraqi government agreements with Washington about keeping US troops in the post-ISIS era.

______________________________________________________________

National reconciliation ‘key to Iraq’s stability’ – Jabouri

He pointed out that the Iraqi parliament is keen on supporting tribes and other concerned parties’ efforts to achieve unity by passing laws in the interest of all Iraqi citizens without exception.

______________________________________________________________

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

Iraq is preparing to launch a second round of Treasury bonds

Central Bank Governor Ali al-Alak announced on Thursday that the bank is ready to offer the second batch of treasury bonds by one billion dollars to international banks.

______________________________________________________________

Central bank sales of the dollar fell in the auction today

Trend Press / Baghdad The sale of foreign currency by the Central Bank of Iraq (CBI) on Wednesday fell to 150 million dollars, while 153 million dollars were recorded yesterday.

The statement said that “the sale of amounts transferred to the accounts of banks abroad, as well as the sale of cash was the price of 1190 dinars per dollar.”

______________________________________________________________

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

Abadi: We discussed with the Saudi side the mechanisms of controlling oil prices in the global market

“We discussed with the Saudi side the mechanisms of controlling oil prices in the global market,” Abadi said at his weekly press conference.

On February 22, 2017, Saudi Oil Minister Khalid al-Faleh arrived in Baghdad on an official visit during which he met with Prime Minister Haider al-Abadi and Oil Minister Jabbar al-Allaibi.

______________________________________________________________

Crude oil rises ahead of OPEC meeting

London Brent crude futures for July delivery rose 20 cents to $ 54.35 a barrel, after hitting a 19-year high of $ 54.43 the previous day.

Most market analysts expect the oil sector to extend production cuts for another nine months until March 2018 instead of six months as previously expected.

______________________________________________________________

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

Industry: We want to cooperate with the UAE in the field of energy

______________________________________________________________

“I have been driven many times upon my knees by the overwhelming conviction that I had no where else to go.”

Abraham Lincoln

______________________________________________________________

Iraqi troops recapture half of biggest western Mosul district

Iraqi troops have gained control on part of the biggest west Mosul district and killed a number of Islamic State militants in an airstrike.

In other statements, WMC said dozens of IS fighters were killed in airstrikes in western Mosul.

Iraqi fighter jets launched several airstrikes that destroyed booby-trapping workshop and vehicles and killed dozens of militants on Rifaie district.

“An IS headquarter and booby-trapping workshop were destroyed, while dozens of militants were killed on al-Zanjili district,” the statement added.

Iraqi forces have been sweeping through northwestern neighborhoods over the past two weeks in a way to invade the strategic Old City.

Eastern Mosul was liberated in January after three months of battles. Another major offensive was launched in February to retake the western side.

______________________________________________________________

U.N. says 200,000 more people could flee Mosul as fighting intensifies

The United Nations said on Thursday up to 200,000 more people could flee Mosul as Iraqi forces push into the last districts held by Islamic State militants.

Iraqi authorities and aid agencies are already struggling to cope with a surge in displacement since security forces opened a new front against the militants in Mosul earlier this month.

“The numbers of people who are moving are now so large, it’s becoming more and more difficult to ensure civilians receive the assistance and protection they need.”

______________________________________________________________

Al-Rashid: Our predecessor to pensioners up to 3 million dinars

Al-Rasheed Bank announced on Thursday that it is providing advances to retirees up to 3 million dinars, stressing that the borrower must have a smart card from the bank exclusively.

Abdul Rasul said that “the interest on these advances up to 7% and the duration of payment of five years,” stressing that “the pensioner must be a smart card from the bank exclusively.”

It is worth mentioning that the Bank of Rasheed started in 2017 by granting salaries to employees of ten salaries according to certain mechanisms and controls.

______________________________________________________________

Economist: The decline in reserves of the Central Bank came because of the bank’s entry as a financier of many banks

“The Iraqi economy needs radical treatments through its transformation from consumer to producer through the activation of the productive sectors of agriculture, industry and tourism.”

______________________________________________________________

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

______________________________________________________________

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

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

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

______________________________________________________________

Iraqi Dinar/Dollar auction 05-25-17 (most recent listing)

Currency Auctions Announcement No. 3450

This daily currency auction was held in the Central Bank of Iraq on the 05-25-2017

DETAILS	NOTES
Number of banks	38
Number of remittance companies	10
Amount sold at auction price (US$)	158,102,404
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	158,102,404
Total offers for selling (US$)	—–

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

______________________________________________________________

CURRENCY	CODE	SELL	BUY
US dollar	USD	1184.000	1182.000
Euro	EUR	1325.251	1324.589
British pound	GBP	1534.701	1533.933
Canadian dollar	CAD	879.643	879.204
Swiss franc	CHF	1212.742	1212.136
Swedish krona	SEK	135.872	135.804
Norwegian krone	NOK	141.220	141.149
Danish krone	DKK	178.088	177.999
Japanese yen	JPY	10.590	10.585
Special Drawing Rights	SDR	1635.116	1634.298

Indicative rates – 05.25.2017

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!!

www.DinarUpdates.com

Posted in Daily Dinar Updates | Tagged Dinar, Dinar Chat, dinar detectives, Dinar Guru, dinar gurus, Dinar Info, Dinar News, dinar recaps, dinar recaps blog, dinar to usd, dinar updates, dinar value, dinar vets, IQD, Iraqi Dinar, Observer, Recaps, Revaluation, Updates, VND | Comments Off

Dinar Daily NEWS Blog – May 26th

Posted on May 26, 2017 by BGG

Bank across Iraq holds a meeting of the General Assembly

On Thursday morning, the General Assembly of the Trans-Iraq Bank held its headquarters in Baghdad.

The bank’s general assembly discussed the report of the board of directors for the fiscal year ended 31/12/2016 and approved it, noting that the auditor’s report on the budget for the financial year ended 31/12/2016 was discussed. And ratification.

The statement added that auditors were appointed for the bank for the year 2017 and determine the wages according to the regulations of the Council of the profession.
He explained that the distribution of profits for the year 2016, amounting to (9 billion) nine billion Iraqi dinars.

______________________________________________________________

Follow us on twitter @DinarUpdates !!

Dinar Updates – “News Time” w/BGG & Company!! May 30th – 7:30 pm CST – In the DU Chat Room!!

www.DinarUpdates.com – save as favorite

______________________________________________________________

Revealed: Parliament to question Abadi on fate of US troops in Iraq

In statements to on a TV station, Watut said that the committee will meet with the prime minister soon to ask him about the US troops in Iraq and their fate.

Earlier, security sources told The Baghdad Post that additional US troops have been deployed to Ain al-Assad military base in Anbar province in western Baghdad.

______________________________________________________________

National reconciliation ‘key to Iraq’s stability’ – Jabouri

He pointed out that the Iraqi parliament is keen on supporting tribes and other concerned parties’ efforts to achieve unity by passing laws in the interest of all Iraqi citizens without exception.

______________________________________________________________

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

Iraq is preparing to launch a second round of Treasury bonds

Central Bank Governor Ali al-Alak announced on Thursday that the bank is ready to offer the second batch of treasury bonds by one billion dollars to international banks.

______________________________________________________________

Central bank sales of the dollar fell in the auction today

Trend Press / Baghdad The sale of foreign currency by the Central Bank of Iraq (CBI) on Wednesday fell to 150 million dollars, while 153 million dollars were recorded yesterday.

The statement said that “the sale of amounts transferred to the accounts of banks abroad, as well as the sale of cash was the price of 1190 dinars per dollar.”

______________________________________________________________

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

Abadi: We discussed with the Saudi side the mechanisms of controlling oil prices in the global market

“We discussed with the Saudi side the mechanisms of controlling oil prices in the global market,” Abadi said at his weekly press conference.

On February 22, 2017, Saudi Oil Minister Khalid al-Faleh arrived in Baghdad on an official visit during which he met with Prime Minister Haider al-Abadi and Oil Minister Jabbar al-Allaibi.

______________________________________________________________

Crude oil rises ahead of OPEC meeting

London Brent crude futures for July delivery rose 20 cents to $ 54.35 a barrel, after hitting a 19-year high of $ 54.43 the previous day.

Most market analysts expect the oil sector to extend production cuts for another nine months until March 2018 instead of six months as previously expected.

______________________________________________________________

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

Industry: We want to cooperate with the UAE in the field of energy

______________________________________________________________

“I have been driven many times upon my knees by the overwhelming conviction that I had no where else to go.”

Abraham Lincoln

______________________________________________________________

Iraqi troops recapture half of biggest western Mosul district

Iraqi troops have gained control on part of the biggest west Mosul district and killed a number of Islamic State militants in an airstrike.

In other statements, WMC said dozens of IS fighters were killed in airstrikes in western Mosul.

Iraqi fighter jets launched several airstrikes that destroyed booby-trapping workshop and vehicles and killed dozens of militants on Rifaie district.

“An IS headquarter and booby-trapping workshop were destroyed, while dozens of militants were killed on al-Zanjili district,” the statement added.

Iraqi forces have been sweeping through northwestern neighborhoods over the past two weeks in a way to invade the strategic Old City.

Eastern Mosul was liberated in January after three months of battles. Another major offensive was launched in February to retake the western side.

______________________________________________________________

U.N. says 200,000 more people could flee Mosul as fighting intensifies

The United Nations said on Thursday up to 200,000 more people could flee Mosul as Iraqi forces push into the last districts held by Islamic State militants.

Iraqi authorities and aid agencies are already struggling to cope with a surge in displacement since security forces opened a new front against the militants in Mosul earlier this month.

“The numbers of people who are moving are now so large, it’s becoming more and more difficult to ensure civilians receive the assistance and protection they need.”

______________________________________________________________

Al-Rashid: Our predecessor to pensioners up to 3 million dinars

Al-Rasheed Bank announced on Thursday that it is providing advances to retirees up to 3 million dinars, stressing that the borrower must have a smart card from the bank exclusively.

Abdul Rasul said that “the interest on these advances up to 7% and the duration of payment of five years,” stressing that “the pensioner must be a smart card from the bank exclusively.”

It is worth mentioning that the Bank of Rasheed started in 2017 by granting salaries to employees of ten salaries according to certain mechanisms and controls.

______________________________________________________________

Economist: The decline in reserves of the Central Bank came because of the bank’s entry as a financier of many banks

“The Iraqi economy needs radical treatments through its transformation from consumer to producer through the activation of the productive sectors of agriculture, industry and tourism.”

______________________________________________________________

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

______________________________________________________________

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

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

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

______________________________________________________________

Iraqi Dinar/Dollar auction 05-25-17 (most recent listing)

Currency Auctions Announcement No. 3450

This daily currency auction was held in the Central Bank of Iraq on the 05-25-2017

DETAILS	NOTES
Number of banks	38
Number of remittance companies	10
Amount sold at auction price (US$)	158,102,404
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	158,102,404
Total offers for selling (US$)	—–

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

______________________________________________________________

CURRENCY	CODE	SELL	BUY
US dollar	USD	1184.000	1182.000
Euro	EUR	1325.251	1324.589
British pound	GBP	1534.701	1533.933
Canadian dollar	CAD	879.643	879.204
Swiss franc	CHF	1212.742	1212.136
Swedish krona	SEK	135.872	135.804
Norwegian krone	NOK	141.220	141.149
Danish krone	DKK	178.088	177.999
Japanese yen	JPY	10.590	10.585
Special Drawing Rights	SDR	1635.116	1634.298

Indicative rates – 05.25.2017

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!!

www.DinarUpdates.com

Posted in Uncategorized | Comments Off

Dinar Daily NEWS Blog – May 25th

Posted on May 25, 2017 by BGG

Two villages freed, west of Mosul, as PMUs resume advance toward Baaj

The paramilitary troops have resumed their advance to liberate villages in west of Qairawan region as well as Baaj, west of Mosul, reaching to Syrian borders.

The media service of al-Hashd al-Shaabi (Popular Mobilization Units) said troops “freed on Thursday Arfee’ al-Awal village, northeast of Qairawan, inflicting huge losses on the enemy.”

“The 11th brigade liberated al-Wahbi village, northeast of Baaj,” the troops declared saying a booby-trapped vehicle was destroying while trying to hinder the forces advance.

According to the statements, the PMUs followed seven vehicles of Islamic State that attempted fleeing Wahbi toward Maghsal village “All the vehicles were equipped with guns, while only one was booby-trapped.”

PMUs resumed on Wednesday evening the second phase of operations to liberate the remaining villages in the vicinity of Qairawan and Baaj.

On Tuesday, the paramilitary troops announced full liberation of Qairawan.

Many villages in Qairawan region, a main Islamic State bastion which links between Tal Afar town and the Syrian borders, have been freed since the troops launched an offensive on May 12 to free the region. Last week the troops announced liberated of Sahl Sinjar airbase, located south of Qairawan, in addition to cutting off a main supply route between the freed Tal Banat village and Qairawan.

Read more: http://www.dinarupdates.com/showthread.php?49502-Two-villages-freed-west-of-Mosul-as-PMUs-resume-advance-toward-Baaj
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Revealed: Parliament to question Abadi on fate of US troops in Iraq

In statements to on a TV station, Watut said that the committee will meet with the prime minister soon to ask him about the US troops in Iraq and their fate.

Earlier, security sources told The Baghdad Post that additional US troops have been deployed to Ain al-Assad military base in Anbar province in western Baghdad.

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National reconciliation ‘key to Iraq’s stability’ – Jabouri

He pointed out that the Iraqi parliament is keen on supporting tribes and other concerned parties’ efforts to achieve unity by passing laws in the interest of all Iraqi citizens without exception.

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Read more: http://www.dinarupdates.com/observer
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Iraq is preparing to launch a second round of Treasury bonds

Central Bank Governor Ali al-Alak announced on Thursday that the bank is ready to offer the second batch of treasury bonds by one billion dollars to international banks.

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Central bank sales of the dollar fell in the auction today

Trend Press / Baghdad The sale of foreign currency by the Central Bank of Iraq (CBI) on Wednesday fell to 150 million dollars, while 153 million dollars were recorded yesterday.

The statement said that “the sale of amounts transferred to the accounts of banks abroad, as well as the sale of cash was the price of 1190 dinars per dollar.”

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Read more: http://www.dinarupdates.com/observer
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Abadi: We discussed with the Saudi side the mechanisms of controlling oil prices in the global market

“We discussed with the Saudi side the mechanisms of controlling oil prices in the global market,” Abadi said at his weekly press conference.

On February 22, 2017, Saudi Oil Minister Khalid al-Faleh arrived in Baghdad on an official visit during which he met with Prime Minister Haider al-Abadi and Oil Minister Jabbar al-Allaibi.

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Crude oil rises ahead of OPEC meeting

London Brent crude futures for July delivery rose 20 cents to $ 54.35 a barrel, after hitting a 19-year high of $ 54.43 the previous day.

Most market analysts expect the oil sector to extend production cuts for another nine months until March 2018 instead of six months as previously expected.

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Read more: http://www.dinarupdates.com/observer
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Industry: We want to cooperate with the UAE in the field of energy

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“I have been driven many times upon my knees by the overwhelming conviction that I had no where else to go.”

Abraham Lincoln

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Iraqi troops recapture half of biggest western Mosul district

Iraqi troops have gained control on part of the biggest west Mosul district and killed a number of Islamic State militants in an airstrike.

In other statements, WMC said dozens of IS fighters were killed in airstrikes in western Mosul.

Iraqi fighter jets launched several airstrikes that destroyed booby-trapping workshop and vehicles and killed dozens of militants on Rifaie district.

“An IS headquarter and booby-trapping workshop were destroyed, while dozens of militants were killed on al-Zanjili district,” the statement added.

Iraqi forces have been sweeping through northwestern neighborhoods over the past two weeks in a way to invade the strategic Old City.

Eastern Mosul was liberated in January after three months of battles. Another major offensive was launched in February to retake the western side.

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U.N. says 200,000 more people could flee Mosul as fighting intensifies

The United Nations said on Thursday up to 200,000 more people could flee Mosul as Iraqi forces push into the last districts held by Islamic State militants.

Iraqi authorities and aid agencies are already struggling to cope with a surge in displacement since security forces opened a new front against the militants in Mosul earlier this month.

“The numbers of people who are moving are now so large, it’s becoming more and more difficult to ensure civilians receive the assistance and protection they need.”

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Al-Rashid: Our predecessor to pensioners up to 3 million dinars

Al-Rasheed Bank announced on Thursday that it is providing advances to retirees up to 3 million dinars, stressing that the borrower must have a smart card from the bank exclusively.

Abdul Rasul said that “the interest on these advances up to 7% and the duration of payment of five years,” stressing that “the pensioner must be a smart card from the bank exclusively.”

It is worth mentioning that the Bank of Rasheed started in 2017 by granting salaries to employees of ten salaries according to certain mechanisms and controls.

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Economist: The decline in reserves of the Central Bank came because of the bank’s entry as a financier of many banks

“The Iraqi economy needs radical treatments through its transformation from consumer to producer through the activation of the productive sectors of agriculture, industry and tourism.”

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Read more: http://www.dinarupdates.com/observer/
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Iraqi Dinar/Dollar auction 05-25-17 (most recent listing)

Currency Auctions Announcement No. 3450

This daily currency auction was held in the Central Bank of Iraq on the 05-25-2017

DETAILS	NOTES
Number of banks	38
Number of remittance companies	10
Amount sold at auction price (US$)	158,102,404
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	158,102,404
Total offers for selling (US$)	—–

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

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CURRENCY	CODE	SELL	BUY
US dollar	USD	1184.000	1182.000
Euro	EUR	1325.251	1324.589
British pound	GBP	1534.701	1533.933
Canadian dollar	CAD	879.643	879.204
Swiss franc	CHF	1212.742	1212.136
Swedish krona	SEK	135.872	135.804
Norwegian krone	NOK	141.220	141.149
Danish krone	DKK	178.088	177.999
Japanese yen	JPY	10.590	10.585
Special Drawing Rights	SDR	1635.116	1634.298

Indicative rates – 05.25.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – May 24th

Posted on May 24, 2017 by BGG

UN envoy to Iraq: Liberation of Mosul imminent, ISIS days numbered

With the liberation of Mosul imminent, the international community must maintain a dual focus on defeating the remaining ISIS terrorists in Iraq, and on working towards post-conflict security and reconstruction, the United Nations envoy for Iraq Jan Kubis told the Security Council

Kubis went on to stress that the imminent defeat of ISIS must also provide an urgent impetus to address the needs of minorities, especially their ability to return to their homes

The return of all internally displaced persons to all liberated areas must be a top priority as should tackling increasing incidents of kidnapping and paying sustained attention to upcoming elections in 2017 and 2018

National reconciliation can only succeed if it reflects the aspirations of the population including women and youth,” he said.

Kubis also Urged Baghdad and Erbil to leverage their joint efforts against ISIS and to address such issues as border disputes and building a functional federation based on partnership Kubis noted that senior officials in Kurdistan recently announced their intention to hold a referendum on the region’s future later in 2017

They had indicated, he continued, that their aim was to show the world the will of the people” on the status of Kurdistan, rather than assert independence immediately

Noting that the overall rule of law remained weak, Kubis said kidnapping was becoming an increasing problem recalling that the National Intelligence Cell had met on 11 May to discuss the link between terrorism and organized crime including kidnapping. The international community must vigorously pursue accountability for crimes committed by ISIS in Iraq he said.

Meanwhile, the issue of internally displaced persons remained critical with some 700,000 people having fled their homes since mid-October he noted. Hundreds of thousands of others remain in ISIS-controlled areas, suffering lack of food and water and often finding themselves caught in crossfire.

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US general: Kurdistan’s independence is only ‘matter of time‘

The independence of Kurdistan Region from Iraq has become only a matter of time, the director of the US Defense Intelligence Agency Lieutenant General Vincent R. Stewart said in a US media statement on Tuesday.

The Kurds are planning to hold a referendum towards the independence to determine their destiny this year.

Stewart’s statement coincided with the high-level Kurdish delegation headed by President of the Iraqi Kurdistan Region Masoud Barzani visit to Washington to discuss with the decision makers in the White House about security and political issues, including the referendum issue.

Prominent Iraqi politician Hajim al-Housni commented on Kurdistan region’s referendum saying that he has known that the Kurdish people want to establish their own independent state.

He added that this requires negotiations between Baghdad and Erbil.

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Read more: http://www.dinarupdates.com/observer
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Parliament postpones amnesty amendment and reads law for parliamentary elections

The House of Representatives ended yesterday, the first reading of the draft law the first amendment to the law of the elections of the House of Representatives, while postponing the vote on the draft amendment to the first law of amnesty.

Parliament Speaker Salim al-Jubouri announced the completion of the formalities of six requests for questioning.

This came during the session of the House of Representatives thirty-sixth held on Tuesday, headed by Jubouri and attended by 170 deputies, according to a statement.

The session witnessed the vote on a draft law to include the Judicial Institute to the Supreme Judicial Council with the aim of linking the Judicial Institute with the Higher Judicial Council as the body responsible for the preparation of judges and prosecutors.
The Council also proceeded to vote on the draft reform of the inmates and depositors, to be completed at a later session after the quorum.

During the session, MP Amer al-Khuzai, chairman of the committee of experts on the selection of the Electoral Commission Council, said that the committee “after intensive meetings completed the completion of the first phase to sort the candidates of the number of 118 candidates.” “The legislative holiday will be invested to send letters to the relevant state institutions on the eligibility of candidates for membership of the Commission.”

The Speaker of the Parliament directed the Committee to continue its work during the legislative holiday in order to interview the candidates and sort the names of candidates for membership of the Council of the Electoral Commission.

In the course of the session, the Speaker of Parliament revealed that “the House of Representatives 6 requests for questioning fulfilled its formal procedures.”

Al-Jubouri added that “the issue of Asanid revolutions around the question of granting the Minister questioned whether or not,” noting that “the House of Representatives submitted to the Federal Court an inquiry on the grounds and mandatory sent to the minister questioned, and the decision of the Federal Court that the requirements to answer questions asked the Minister questioned to provide questions And the documents and documents, on which the interrogation was based, to keep the origin of the evidence and evidence in the treasury of the House of Representatives.

Jubouri said that “the presidency of the Council will send all the questions to the interrogators for the purpose of scheduling dates for questioning,” stressing that “the House of Representatives is committed to hold the interrogators to be informed of the person questioned with the basil provided to him.”

The parliament also postponed the vote on the first amendment to the general amnesty law No. (27) for the year 2016. The parliament also ended the first reading of the draft law of the first amendment to the law of elections of the Iraqi Council of Representatives No. (45) for the year 2013 submitted by the Legal Committee.

In the meantime, MP Ammar Tohma, head of the Virtue bloc, criticized the version sent by the government to the law of parliamentary elections, considering that it is in the interest of large lists.

“It was supposed to be read the draft election law sent by the Presidency of the Republic instead of the draft law submitted by the government on the basis of Article (123) of the rules of procedure, which provided that the project is not true to The competent committees and then read it if it is preceded by a law dealing with the same subject, the elections. ”

The head of the Virtue bloc said that “the law of the Presidency of the Republic included a way to distribute seats more realistic and contribute to the expansion of political participation and stimulate the increase in the participation rate in the elections,” noting that “the adoption of the mechanism of distribution of seats on the highest vote of the candidates by (50% Of the seats in the constituency. ”

MP Ammar Tohma said that “the same project of the government included in some paragraphs the replacement of members and the distribution of seats within the list one of the highest voice among the candidates is further evidence on the reality of this proposal and achieve justice to a higher rate than the government project.”

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Central bank sales of the dollar fell in the auction today

Trend Press / Baghdad The sale of foreign currency by the Central Bank of Iraq (CBI) on Wednesday fell to 150 million dollars, while 153 million dollars were recorded yesterday.

The statement said that “the sale of amounts transferred to the accounts of banks abroad, as well as the sale of cash was the price of 1190 dinars per dollar.”

______________________________________________________________

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

Abadi: We discussed with the Saudi side the mechanisms of controlling oil prices in the global market

“We discussed with the Saudi side the mechanisms of controlling oil prices in the global market,” Abadi said at his weekly press conference.

On February 22, 2017, Saudi Oil Minister Khalid al-Faleh arrived in Baghdad on an official visit during which he met with Prime Minister Haider al-Abadi and Oil Minister Jabbar al-Allaibi.

______________________________________________________________

Crude oil rises ahead of OPEC meeting

London Brent crude futures for July delivery rose 20 cents to $ 54.35 a barrel, after hitting a 19-year high of $ 54.43 the previous day.

Most market analysts expect the oil sector to extend production cuts for another nine months until March 2018 instead of six months as previously expected.

______________________________________________________________

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

Industry: We want to cooperate with the UAE in the field of energy

______________________________________________________________

It’s said that no greater love has a man than this — that he should lay down his life for his friends.

Vice President – Mike Pence

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Iraqi troops recapture half of biggest western Mosul district

Iraqi troops have gained control on part of the biggest west Mosul district and killed a number of Islamic State militants in an airstrike.

In other statements, WMC said dozens of IS fighters were killed in airstrikes in western Mosul.

Iraqi fighter jets launched several airstrikes that destroyed booby-trapping workshop and vehicles and killed dozens of militants on Rifaie district.

“An IS headquarter and booby-trapping workshop were destroyed, while dozens of militants were killed on al-Zanjili district,” the statement added.

Iraqi forces have been sweeping through northwestern neighborhoods over the past two weeks in a way to invade the strategic Old City.

Eastern Mosul was liberated in January after three months of battles. Another major offensive was launched in February to retake the western side.

______________________________________________________________

U.N. says 200,000 more people could flee Mosul as fighting intensifies

The United Nations said on Thursday up to 200,000 more people could flee Mosul as Iraqi forces push into the last districts held by Islamic State militants.

Iraqi authorities and aid agencies are already struggling to cope with a surge in displacement since security forces opened a new front against the militants in Mosul earlier this month.

“The numbers of people who are moving are now so large, it’s becoming more and more difficult to ensure civilians receive the assistance and protection they need.”

______________________________________________________________

Al-Rashid: Our predecessor to pensioners up to 3 million dinars

Al-Rasheed Bank announced on Thursday that it is providing advances to retirees up to 3 million dinars, stressing that the borrower must have a smart card from the bank exclusively.

Abdul Rasul said that “the interest on these advances up to 7% and the duration of payment of five years,” stressing that “the pensioner must be a smart card from the bank exclusively.”

It is worth mentioning that the Bank of Rasheed started in 2017 by granting salaries to employees of ten salaries according to certain mechanisms and controls.

______________________________________________________________

Economist: The decline in reserves of the Central Bank came because of the bank’s entry as a financier of many banks

“The Iraqi economy needs radical treatments through its transformation from consumer to producer through the activation of the productive sectors of agriculture, industry and tourism.”

______________________________________________________________

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

______________________________________________________________

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

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

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

______________________________________________________________

Iraqi Dinar/Dollar auction 05-24-17 (most recent listing)

Currency Auctions Announcement No. 3449

This daily currency auction was held in the Central Bank of Iraq on the 05-22-2017

DETAILS	NOTES
Number of banks	39
Number of remittance companies	10
Amount sold at auction price (US$)	150,321,047
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	150,321,047
Total offers for selling (US$)	—–

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

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CURRENCY	CODE	SELL	BUY
US dollar	USD	1184.000	1182.000
Euro	EUR	1327.856	1327.192
British pound	GBP	1535.293	1534.525
Canadian dollar	CAD	874.575	874.138
Swiss franc	CHF	1218.985	1218.375
Swedish krona	SEK	136.374	136.306
Norwegian krone	NOK	141.623	141.553
Danish krone	DKK	178.380	178.291
Japanese yen	JPY	10.659	10.654
Special Drawing Rights	SDR	1637.946	1637.127