Dinar Daily NEWS Blog – May 3rd

UN official: Iraq’s experience in a unique global community reconciliation deserve transfer

Branded UN Mission Coordinator for Humanitarian Affairs in Iraq, Lisa Grande, experience community reconciliation in Iraq as “unique”.

Grande said a statement to the Cabinet Secretariat said all Iraq [where] a copy of it, during the meeting the Secretary General Mehdi relationship that “Iraq’s experience and what has been achieved is a unique experience worth to transfer as experience in meeting the challenges in community reconciliation in conflict areas in the world.”

Gharanidi added that “Iraq was proceeding with the help of the international community in stabilizing and then rebuild all State facilities and community.”

The Secretary General stressed that “community reconciliation is essential and important in restoring stability to the liberated areas, especially in Mosul and Nineveh.”

He added, “the important role of the United Nations and its development in restoring stability to the liberated areas through the transfer of experience and translate their experiences into the ground and the Iraqi Government face a challenge in Mosul town social diverse multi.”

Read more: http://www.dinarupdates.com/showthread.php?48718-UN-official-Iraq-s-experience-in-a-unique-global-community-reconciliation-deserve-tr

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Army forces uncover huge IS munition stash in Mosul

Mosul (IraqiNews.com) Iraqi army forces ran into a large weapons cache belonging to Islamic State militants in Mosul as operations proceed to clear the western side of the city.
Maj. Maan al-Saadi, a second special operations division commander, the army’s Counter-Terrorism Service, was quoted by Alsumaria News saying that a special force found the mini-factory in al-Yabessat district in western Mosul.

The finds included mortar missiles, rockets and rocket launchers, al-Saadi said.
Iraqi government forces recaptured eastern Mosul in January after three months of fighting, and claimed recently to control at least 70 percent of the western side of the city after a second phase of offensives launched in February.

Speaking in a weekly press conference late Tuesday, Prime Minister Haider alAbadi said his military commanders were ready with “new military plans” to recapture remaining cities in Nineveh from Islamic State militants.

Commanders from the U.S.-led coalition backing the Iraqi campaign against IS say there are less than 1000 militants in Mosul, while Iraqi generals believe the group holds less than seven percent of Iraqi territories.
The conflict has so far displaced 600.000 civilians, according to Iraqi government counts.

Read more: http://www.dinarupdates.com/showthread.php?48732-Army-forces-uncover-huge-IS-munition-stash-in-Mosul

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هذا موعد إعلان تحرير أيمن الموصل بالكامل

This is the date of declaration of the full liberation of Mosul

This is the date of declaration of the full liberation of Mosul Ayman.

The Ninewa Operations Command revealed today that the announcement of the liberation of the entire right coast of Mosul will be announced in a few days.

“A few hours apart the security forces from breaking into the remaining neighborhoods in the western axis and penetrating the central axis of Mosul to save civilians held by a terrorist in the areas under their control,” the commander of Nineveh operations, Maj. Gen. Najem Jubouri, said in a statement that ” Which arrived in the village of Hleileh and stationed with the forces of the anti-terrorism in the western axis will launch operations during the hours of the liberation of the areas of Musriva and Riffi and Tmuz and carpenter and remaining neighborhoods in the western axis

Jubouri said that “the federal forces moved into all neighborhoods of downtown Mosul with air support.”

Read more:  http://www.dinarupdates.com/showthread.php?48664-This-is-the-date-of-declaration-of-the-full-liberation-of-Mosul-Monday-May-1-201

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Security Advisor: big surprises awaiting ISIS in Iraq

Detect European Centre for counter terrorism Adviser Abdul Karim Khalaf, the Iraqi military preparations in preparation to launch new operations North and West of the upcoming right cutter for the connector, and among it will be the task of the army unit, stressing the need to accelerate the liberation of cities of Tal Afar walbaag and Kairouan.

Khalaf said the Iranian Fars agency withdrew that “there is a decision of the Supreme military command of security leaders in Nineveh requires willingness to open new fronts in military operations against cliques ISIS North and West of the city of Mosul, right cutter,” Noting “now being finalized by the army which would be anticipated operations”.

He continued after a slow advance “military units starting new operations, Ayman connector at this time specifically accelerates resolve battles left coast and opened the way for our troops toward the city center,” continue “select any time to resolve operations right side under new battles starting and many surprises awaiting ISIS.”

And about the conduct of military operations to the popular West Mosul crowd, among European Counterterrorism Center consultant that “hot spots where ISIS are the cities of Tal Afar walbaag and Kairouan in the Western side of the city and edited destroys the presence and power of ISIS in Mosul,” desert still in front of the crowd many battles within the Western-centred “, stressed” the need to liberate these cities because of their military importance to resolve fights over Mosul

Read more:  http://www.dinarupdates.com/showthread.php?48727-Security-Advisor-big-surprises-awaiting-ISIS-in-Iraq

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Open a new military front against ISIS West Mosul

Security forces opened Wednesday, a new military front in West Mosul, Nineveh Governorate.

And each agency sources said Iraq [where] “security forces opened a new front on the West side of Mosul, mshirfah area north of Mosul.

He noted that “terrorist ISIS gangs receive direct blows from a new front which accelerates the editing process”.

A number of field commanders confirmed that edit right side of Mosul city to be announced in three weeks, tops.

Read More:  http://www.dinarupdates.com/showthread.php?48740-Open-a-new-military-front-against-ISIS-West-Mosul

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Kaperoni (Dinar Guru) –   Article:  “Vice: oversees the United Nations five-year plan for economic development in Iraq”  Quote:  “this time is different from its predecessors, because the United Nations oversees this plan and has allocated a large sum for her, that’s why we think the success of this plan.”   UN means the IMF and World Bank.  We should be excited.

Read more: http://www.dinarupdates.com/observer/
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Kaperoni (Dinar Guru) –   Article:   “Abadi: We prepare for the announcement of the great victory”  Quote:  “According to a statement to the Office of the Prime Media Minister, Abadi said, in his speech , a festival of national unity , which was held under the slogan ( the great victory on our way towards peace): «We are gearing up to announce a great victory, the biggest priority of peace...”   Let’s hope so. 

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

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An Iranian-Iraqi cooperation to implement projects within Iraq endeavouring

IRNA-Iran vulnerable institution agreed ‘ Mohamed Saidi KIA ‘ with Minister of construction and housing and the Iraqi public municipalities ‘ wholesome Osei ‘ cooperation on this Iranian institution affiliates in endeavouring to projects inside Iraq.

Speaking during a joint press conference with the Iraqi Minister, on Wednesday, the head of the Iranian establishment potential vulnerable institution and investment willingness to engage with the Iraqi side in various areas for reconstruction projects in this country.

He was a vulnerable institution able to do reconstruction areas liberated from the control of terrorism and all the projects proposed by the Ministry of housing
.
The Iraqi Minister noted, to the Iranian side and potential energies in various reconstruction areas, including housing, water and sanitation, municipal services and building roads.

Osei Lady showed that the bilateral meeting today discussed ways of signing a memorandum of understanding for mutual cooperation on the resumption of the stalled projects and implement new projects and joint investments in this regard.

Read More:  http://www.dinarupdates.com/showthread.php?48741-An-Iranian-Iraqi-cooperation-to-implement-projects-within-Iraq-endeavouring

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We will be protected by the great men and women of our military and law enforcement and, most importantly, we are protected by God.

President Trump

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Business Council in cooperation with internal organizing workshop for investor protection and investment projects

Iraqi National Business Council organized in cooperation with the Ministry of the Interior Tuesday, a workshop for investor protection and investment projects that serve the security in the country, among those present that there is close correlation between security and economy and investment.

According to a statement by the Ministry of the Interior received/balance news/copy, the “investor protection and investment projects serve the theme security throughout Iraq,” Noting that “the background to this subject the Iraqi National Business Council established in cooperation with the Ministry of Interior workshop”.

He added that “the workshop was held on Tuesday on the Iraqi National Business Council meetings under the auspices of the Ministry of the Interior and in the presence of advanced leadership cadre in the Ministry and in the presence of the President of the Parliamentary Commission of economy, investment and reconstruction and Services Committee Chairman Representative and a large number of men and women in business”,

For his part, Council President Daud Abdul ROAR gave a speech in which he welcomed the distinguished guests of the House of representatives and leading cadre’s advanced Interior Ministry who attended this workshop, pointing out that “the Interior Ministry daily sacrifices in order to provide security for the citizen to provide plenty of investment opportunities for many continents that could inflate the financial resources of the Ministry such as border and port Ministry employees, housing projects and health insurance and other cooperation with the private sector”.

He demanded that “the Development Directorate for the protection of investment projects, noting what Prime Minister Haider Abadi, who would stop and hindered investment and must kalarhabi to the Interior Ministry to provide security for projects for a price because investors request state protection first and not security companies.”

In turn, the economy and Investment Committee head said prosecutorial Ahmed “Kanani interrelationship between ensuring security and particularly investment and economic projects in general real and effective thread and that economic development can absorb unemployment, which is one of the main reasons for the deviation and undermine security,” prompted “serious work and intensive Interior Ministry to ensure protection of investors

He pointed out that “no entry of foreign investment in Iraq due to the lack of a safe investment environment”, adding that “we as a Commission representative investment economy seized to check details of investment projects and the private sector involved in the discussion of all relevant laws such as the law of economy and investment.”

At the same level of services and reconstruction Committee head said prosecutorial Nazim Al Saadi “that this workshop into investment service, economy, and security services and mechanisms that investment can proceed due to urgent need as a result of a decline in revenue for the State and that no investment without security and the return of migrating capital” m, “pointing to the Interior Ministry to think about how to present investment opportunities to develop financial resources like neighboring countries and others in addition to stopping the spread of slums and urban planning to Baghdad and the provinces.”

Nick introduced some points:

1. formation of investment Department linked to the Minister and competent personality attributes and develop investment map in coordination with the private sector

2. ask Minister to put a direct line between him and investors

3. call on the Interior Ministry to form a special emergency force to raise abuses and abusers of public money in coordination with Baghdad.
The representative said the Interior Minister General Adviser Yassin yasiri, that “there is a strong correlation between security and economy,” the Ministry of Interior are setting sober security database ”

Lmaur have deep discussions workshop management Mr Dawood Abd ROAR involving a large number of businessmen and businesswomen and leading staff of the Ministry of the Interior and the Symposium came a set of recommendations was submitted to the Minister of Interior will be presented to you when approved, had attended the workshop:

Mp Ahmad Nelly
Deputy Nazim Al Saadi
Deputy Captain Abdul Karim
Lawmaker Yahia alaithaoi
Yassin Al-yasseri Adviser representative and Minister of Interior
Major General Mehdi waeli Director General citizenship and passports.
General Amer Saddam FPS Director and characters
Major General Ali Al-Ghurery Baghdad Police Director
Brigadier General Hussein first Federal Police Division Commander my monsters.
Mr Samir police Fund Manager
Brigadier Saad Maen General Manager of public relations Department of the Interior
Commodore engineer Sattar Jabbar, Director of the Ministry of the Interior works
Colonel Mohamed’s Karrada cutter
Colonel Mohamed baidhani relationship manager
Dr Wahab TAEE Interior Minister’s media adviser
Colonel Mohamed Identity Manager

Hossein Kurd Council Member Vice Chair of the Iraqi Federation of industries
Dr Salam smeisim
Dr Hamid penal system.
I hope Mr Hussain President of women business center
Mr Abdul Hassan frozen yogurt
Mr Haider Suhail
Dr Salah XXXXXXX
Hamid al-Hamdani
Mr Ghalib Al-Anbuge
Dr Sam Al-Attiyah
Mr Osama koraïchi IBC
Mr Mohamed Abdel Hamid Moussa
Mr Mohamed bitter melon morning
Iraqi National Business Council members
Ali love
Falah Hassan virtues
Mr Ala metallic ribs is
Mehdi Al-shammari
Mr Haider ISA gesture
Mr Mohamed Jawad al-Jabburi
Mr Saad Jaffar Naji
Mr Durham surgeon
Mr Saad Jaber Al Nuaimi
Mr Mushtaq Zuheir Mohsen
Mr Ahmed Jassim Al-rabeei
Mr Karim Abd al-Rida
Miss Suha Najjar
Hassan Al-zorfi
Mr Nagy chanter
Yasser Sabry
Abbas shmarh
Mr Adham pottery
Mr Razak inclusive
Mr Haider Abdul Karim
Mr Ammar kalh Moses

Read More: http://www.dinarupdates.com/showthread.php?48745-Business-Council-in-cooperation-with-internal-organizing-workshop-for-investor-protec

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 Iraqi Dinar/Dollar auction 05-03-17 (most recent listing)

Currency Auctions Announcement No. 3434

This daily currency auction was held in the Central Bank of Iraq on the 05-02-2017

DETAILS NOTES
Number of banks 38
Number of remittance companies 11
Amount sold at auction price (US$) 159,531,681
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 159,531,681
Total offers for selling (US$) —–

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

Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars

Most of the Iraqi Central Bank steps are subject to political and legal environment of the country , especially in regard to the deletion of zeros that counted specialists in the earlier trend sensitive and dangerous may still be , but the central remains the most important institution in terms of the need to adjust the financial management in light of the financial crisis experienced by the the Iraqi economy, which must have to deal with dilemmas , whether with regard to the citizen or the work of the central bank itself.

Questions concerning important files posed (range) in this meeting , the director of the release and the Treasury in the Central Bank Aa’bas behind, and with being answered by briefly he pointed out the most important points that showed that the currency is good for circulation deposited Central has exceeded one billion and a quarter of a million dinars an amount that is not a little if they were compensated by the stored banknotes at the bank , as some believe, at the time between the printed currency size has exceeded the “11 billion and 600 million dinars, he urged citizens on the need not to keep large amounts in homes or buried in the ground , the fact that the process of replacing in the event expose Dt to burn or damage costs the central administrative and financial burdens, stressing that the counterfeit currency rate is still within the internationally accepted borders, with the central quest to carry out an information campaign to educate the public on how to distinguish between the original currency and Almzorh.oicol behind on a question about the possibility of having higher versions of a class (50000 ) dinars?

– No at present intention to issue a higher class category (50000) dinars.

* What about the subject of the deletion of zeros and the reason for the delay?

– the decision on the deletion of zeros cannot be taken in isolation from the political and legal environment in the country under conditions the security situation as a result of terrorist acts and exit from the provinces outside the control of the state for the years 2014, 2015, 2016 which prevents certainly to wait in the implementation of this project, in addition to that this must be done in coordination with all state departments and the private sector, where it should be followed by changing the paragraphs contained in the various laws, which include a reference to fines or lump – sum collection of fees, must also change the financial and statistical records in order to conform with the project process the deletion of zeros. On the other hand, the technical preparations are underway by us.

* How is the cost of the annual replacement and replacement of damaged currency?

– First , there is no substitution instead of a damaged annually, as the bank instead seeks to issue new papers for security specifications developed, so the cost is reduced in this way it is the cost of issuing new banknotes specifications better used at the same time damaged to the replacement of currency from the previous editions .

We seek to carry out an information campaign to distinguish between original and counterfeit currency

* How discovered the counterfeit currency of the size?

– The Central Bank of Iraq resorted to the use of machines to sophisticated counting and sorting which can detect counterfeit currency, in addition to banks guide using modern techniques in the currency examination, but the problem is not doing shopkeepers enough efforts to use the machines to check the currency, as the bank seeks to campaign media to sensitize the public on how to distinguish between the original currency and counterfeit currency by issuing a booklet definitions and (posters) for this purpose and will be distributed to banks in major shopping malls, and in all cases, the counterfeit currency rate is still within the internationally accepted borders , where even T ratio (0.000025) (Twenty – five million paper sheet).

* What currency damaged by fire or poor storage of citizens compensation mechanisms?

– While we hope the citizens do not keep large amounts in homes or buried in the ground, and to do instead in the deposit with the banks, as the replacement of the burnt currency process or damaged it costs the central bank financial burdens and administrative Colva unwarranted, however the bank is to receive citizens whose savings in Iraqi currency to fire accidents provided that they are documented by the civil Defense Department and be sourced from the project, either in terms of currency (buried) are sufficiency statement on the sources of these funds, and in this regard we call on citizens not to accept the mediation of any hand to Astb The Iraqi currency and that this bank does not receive any commission for its replacement.

We applied security methods with modern technology advanced counting and sorting currency

* What future plans for the central bank currency and print?

– Iraqi Central Bank seeks to keep pace with the evolution of printing currency and modern technologies both in currency printing or counting devices and sorting the currency where they are constantly adding new security features in addition to the acquisition of advanced machines counting and sorting currency, was dispensed with final counting and manual screening process.

* How much is the size of the torn currency and how much of the size of the printed currency?

– The number of banknotes unfit for circulation deposited with this bank (1,277,049,543) cash paper of various categories, where they are compensated from the stored banknotes have this bank, as the number of printed banknotes (11,615,265,154) cash paper of various categories.

Read more:  http://www.dinarupdates.com/showthread.php?48060-Dir-of-the-Issuance-Dept-of-the-Central-Bank-(range)-Printed-currency-11-Billion&p=171964#post171964

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CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1292.336 1291.690
British pound GBP 1530.202 1529.436
Canadian dollar CAD 862.974 862.542
Swiss franc CHF 1190.668 1190.072
Swedish krona SEK 133.908 133.841
Norwegian krone NOK 137.806 137.737
Danish krone DKK 173.770 173.683
Japanese yen JPY 10.571 10.566
Special
Drawing Rights
SDR 1621.370 1620.559

Indicative rates – 05.03.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – May 2nd

هذا موعد إعلان تحرير أيمن الموصل بالكامل

This is the date of declaration of the full liberation of Mosul

This is the date of declaration of the full liberation of Mosul Ayman.

The Ninewa Operations Command revealed today that the announcement of the liberation of the entire right coast of Mosul will be announced in a few days.

“A few hours apart the security forces from breaking into the remaining neighborhoods in the western axis and penetrating the central axis of Mosul to save civilians held by a terrorist in the areas under their control,” the commander of Nineveh operations, Maj. Gen. Najem Jubouri, said in a statement that ” Which arrived in the village of Hleileh and stationed with the forces of the anti-terrorism in the western axis will launch operations during the hours of the liberation of the areas of Musriva and Riffi and Tmuz and carpenter and remaining neighborhoods in the western axis

Jubouri said that “the federal forces moved into all neighborhoods of downtown Mosul with air support.”

Read more:  http://www.dinarupdates.com/showthread.php?48664-This-is-the-date-of-declaration-of-the-full-liberation-of-Mosul-Monday-May-1-201

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Iraqi Government support to discuss security and rebuilding infrastructure

Foreign Minister Ibrahim Al-Jaafari, with the head of the National Alliance, Ammar al-Hakim, Tuesday, to support the Government in achieving security and reconstruction of liberated cities infrastructure.

Jaafari’s Office said in a statement/balance of news copy, “the Foreign Minister Ibrahim Al-Jaafari, received in his Office today, the Iraqi National Alliance President Ammar al-Hakim.

The Office said, “the meeting discussed the soul pain highlights Iraq scene, strong political efforts to save national unity, support the security forces in the fight against terrorism.”

The two sides stressed the importance of strengthening the role of the National Alliance in the next stage, and support the Government in achieving security, stability and reconstruction of underground structures of Iraq cities Yeh. “according to the statement, that was over

Read more:  http://www.dinarupdates.com/showthread.php?48670-Iraqi-Government-support-to-discuss-security-and-rebuilding-infrastructure

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البصرة تكشف سبب رفضها لـ"خصخصة" الكهرباء وتلوح بتأييد المشروع بشروط

Allawi speaks of measures “protectionism” of the national product and confirms: Our markets sink foreign goods

BAGHDAD – The balance of News Deputy President Iyad Allawi, on Saturday, that the lack of measures “protectionism” of the national product caused by the dumping of foreign goods markets, while stressing that corruption and political instability have caused the expulsion of investment and the flight of the national capital.

Allawi said in a speech during his attendance at the first annual scientific conference of the Association of Iraqi economists, moved his press office and received / scales News / copy, said that “the policy of strengthening the dominance of the public sector and the continuation of central planning over the inability to fill national needs in the areas of agriculture, industry, trade and services, and female infanticide sector your struggling. ”
The statement added that “oil revenues went to the salaries of millions of employees, and to sustain the war on terror machine, without having to make a difference in the structures of economic structures, while the lack of protectionist measures of the national product markets flooded foreign goods.”

He said Allawi, that “corruption and political instability have caused the expulsion of investment and the flight of the national capital, while the monetary policy sent the money to the currency and smuggling auction away from the support of the projects.”

He explained that the “financial and administrative corruption contributed to the loss of the bulk of the government and international initiatives loans, causing government repudiation for fulfilling the obligations towards companies and contractors in bankruptcy and extinction of many companies and promising projects, and in the middle class base decline, which form the backbone of the advancement of society and the State”.

Read More:  http://www.dinarupdates.com/showthread.php?48628-Allawi-speaks-of-measures-quot-protectionism-quot-of-the-national-product-and-confirms-Our-m

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BGG (Dinar Guru) –    “Would BGG please give us the true meaning of the deletion of the zeroes project“?]  The “Delete the Zeros” project – (we believe) is part of the currency reform project in Iraq.  Most notably the process of raising the value of the Dinar and then removing the larger “3 zero” notes from the market…they don’t want people sitting on those big notes – they want them out, where they can easily retract them from the marketplace.
What about the subject of the deletion of zeros and the reason for the delay?
1) Security – control of the state (ie; Mosul)… CERTAINLY PREVENTS THE IMPLEMENTATION OF THE PROJECT.
2) When it is DONE – it must be “…done in coordination with all state departments and the private sector…”  Here’s the DOOZY folks…    [post 1 of 2….stay tuned]

Read more: http://www.dinarupdates.com/observer/
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BGG (Dinar Guru) –
3) “…where it should be followed by changing the paragraphs contained in the various laws…”  MEANING – ONCE THE VALUE CHANGES THEY HAVE TO GET A FEW THINGS CHANGED TO SUIT THE VALUE. 
THEY JUST TOLD YOU THE ORDER OF THINGS.
4) “…must also change the financial and statistical records in order to conform with the project process the deletion of zeros…” This bit ALSO INFERS A VALUE CHANGE AS THE PRECURSOR TO REMOVING THE NOTES AND THE REST OF THE PROJECT…here’s another ZINGER…
5) “…On the other hand, the technical preparations are (already) underway by us…” – WHAAAAAAATTTT??  THEY ARE ALREADY GETTING THE TECHNICAL STUFF UNDERWAY. THEY MUST THINK WE ARE CLOSE? This is the ACTUAL CBI talking

Read more: http://www.dinarupdates.com/observer/
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Kaperoni (Dinar Guru) –   Article:  “Central Bank: No distinction between foreign and Iraqi banks and currency auction”  Quote:  “…the existence of discrimination to deal for the Central Bank of Iraq between banks operating in Iraq, whether foreign or Iraqi, but on the basis of classification because they are part of the Iraqi banking system.”     This is an important statement for the CBI to make… this is a requirement of Article VIII (and it has been referred to several times in the consultations) to not only liberalize the foreign exchange, but make it available at any and all banks.  A good step to show the IMF the CBI is trying to comply.

Read More: http://www.dinarupdates.com/observer/
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بقيمة ثلاثة ملايين دينار .. البرلمان يقرر صرف بدل سكن لكل عضو من أعضائه 

Speaker of Parliament determines the files that can focus on in the coming period

Jubouri said during a meeting with head of the US Institute of Peace Mike Yaffe and his accompanying delegation that “files that can focus on in the coming period is the rehabilitation of the affected areas and the return of displaced persons and the achievement of community reconciliation

Jubouri and discussed with the delegation , according to a statement his office today , developments in the political situation in Iraq and ways of joint coordination on post – Daesh and the importance of concerted efforts to support stability in the liberated areas as it said the speaker of parliament that the rehabilitation of areas affected by terrorism, and remove all obstacles to return of displaced persons and provide a suitable environment for community reconciliation is the most important files that can focus on in the coming period.

He added Jubouri that “the House of Representatives supporting all efforts to achieve stability and restore normal life to these areas, both through the work of the committees with the concerned authorities or through laws and supporting legislation
For his part, Yaffe said expressed his continuing work in restoring stability to Iraq and that the House of Representatives plays an important role in this area through continued cooperation and continued support

Read More:  http://www.dinarupdates.com/showthread.php?48624-Speaker-of-Parliament-determines-the-files-that-can-focus-on-in-the-coming-period

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The Bible tells us, “how good and pleasant it is when God’s people live together in unity.”

President Trump

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Parliament votes on a resolution prohibiting the participation of officials of national interest and harms conferences finish reading two {Extender}

House voted on the thirty-first regular meeting chaired by Salim Al-Juburi, head of the Council in the presence of 173 deputies parliamentary resolution banning Sunday attendance or participation of politicians or conference officials inside and outside Iraq without the approval of Iraqi authorities in addition to finish reading the Bills.

Information service said in a statement to the House of representatives received {Euphrates news} copy today that “at the beginning of the session, the Council rejected a recommendation to the High Commissioner for human rights by the Committee of experts on the representation of alaizidi component in the UNHCR within the given components share their exposure to significant violation by the terrorist organization of ISIS”.

The Council voted on a resolution banning Iraqi politicians and officials attend or participate in conferences and meetings affecting the security of the State and political system wetzor national interest and held outside or inside Iraq without the approval of Iraqi authorities.

The Council voted on the recommendations of the report of the Committee on integrity violations committed by the province of Diwaniyah at the request of a representative of 45 deputies which includes the House objection decision on authorization and delegation of the Council President to take legal action against members of the fact that the decision is illegal and a pretext to prevent members from performing their role and stop all legal proceedings against the province on the background of the questioning of the President of the Council and following up cases listed by the integrity Commission and instruct security forces to pursue fugitives and adjust The car and open a case with integrity.

Mohamed Naji Attorney read a statement condemning the Turkish attacks on Iraqi territory repetition indicating that Iraq has taken all possible means diplomatically to get away from it all what the situation tense and complicated to deter aggression by frequent Turkish Government headed by Erdogan who raised Tempest irresponsible remarks when deputies accused of terrorism legislation and accused the popular crowd that terrorists besides interfering Iraqi host repeated attacks on Iraqi territory by occupying parts of the connector and the use of air power to attack sin against targets In drunken and Sinjar killed dozens of Iraqis, demanding a national attitude fits with the Turkish aggression against Iraq challenge and his people, calling to boycott Turkish products and trade goods and prevent them from entering Iraqi territory and a resolution of the House of representatives to require government victory for our people and the maintenance of our sovereignty.

Mp Sheikh Aboud Al-Issawi made a statement on behalf of the tribal Committee on implications in Iraqi society that left ISIS, which he referred to the importance of the work to develop a comprehensive operational programme to stabilize and return and strengthening security, expressed concern about the emergence of practices and customs of extraneous to the clans in exploiting obvious weak power, announcing an agreement a number of elders of tribes and clans of Iraq fully repudiating all of the proven affiliation of terrorist groups in various spade or assisted or Mall or Rogge for their ideas and the importance of speedy justice to resolve Files for the terrorists and the obligation not to embrace issues of terrorist groups and not to carry the clan elder in their actions and requiring State agencies to search for the missing and to appeal to the Federal Government and its institutions to compensate the relatives of martyrs and providing supplies to return to their areas and work on community reconciliation.

Jabouri made thanks to parliamentary Committee clan substantial efforts have been made to patch up peace community.

The Board concluded the first reading of a bill of health insurance and environmental health committees, labor and Social Affairs in order to provide quality health services and enable citizens to obtain them in health institutions in the public and private sector and outside Iraq and providing the service for free for groups unable to pay costs and relieve the State and the citizen at one time and activate the private sector remains full of companies approved to support and stimulate the health sector.

Presidency postponed a vote on each of the prisoners and detainees reform bill submitted by committees of social and Legal Affairs, security and defence and human rights and the second amendment Bill to the vigilante Registration Act 2000 {8} and number of defence and security committees, legal, financial and Government required resolution for action right at the bullets.

The Presidency also decided to postpone all of first reading of the draft law on the Council of State and of the Commission report and discuss a bill granting long and usually leave processing contractors and financial and legal Committee.

The Council concluded by reading and discussing a bill combining the judicial Institute of the judiciary after he voted for the Bill had not responded.

And in the interventions of representatives stressed the importance of Attorney Abdel Karim abtan judicial independence from the Executive power which requires judicial Institute included the judiciary and separated from the Ministry of Justice.

Attorney Abdul Jabbar Al-Abbadi noted that judicial Institute is one of the important bodies to prepare judges and associate with Executive power contrary to the Constitution forcing the player to the judiciary being independent not under authority of any interventions.

Mp Abbas Al-Bayati suggested the legal Committee meeting includes representatives from the Ministry of Justice, the judiciary, the Prime Minister and the Presidency to resolve the question of annexation of the Justice Ministry’s judicial Institute.

Attorney drew Awad Awadi to speedy enactment of judicial Institute included the judiciary in order to establish the principle of the separation of powers and the application of the Constitution as well as the importance of identifying the number of judges.

Noted Attorney Ammar tastes defeat the principle of intervention by judiciary regarding the judicial Institute podcasts featuring students become judges as interference in judicial decision contexts is considered interference in the judiciary.

In its reply to interventions, the Committee on taking into account remarks ladies and gentlemen deputies of Browning Bill that comes with separation of powers and strengthen the independence of the judiciary.

On akhrnaksh the Council based on a request from the Deputy Ahmed Taha Shaikh subject difficulty coordinating and monitoring committees to her Department by regulatory functions in accordance with the Constitution.

Mp Ahmad Taha Shaikh problems in pursuing its commissions with ministries of various levels of sensitivity between Executive and regulatory bodies as well as mutual abuse between ministries and parliamentary commissions add to a fierce attack on the legislature by some quarters, suggesting a proposed draft law on parliamentary oversight contains mechanisms House call visits and answering mail and regulate mutual relations between the Parliament and the ministries.

And in the interventions of representatives called Deputy ULI Tamimi need to amend the rules of procedure of the House instead of legislating a new law to regulate the relationship between parliamentary committees and ministries.

Mohamed Al-shammari mp pointed to problems arising from the direct use of Deputies with ministries, especially some Ministers to understand the nature of the relationship or the role played by the competent authority and control legislation imposing a decision or a law in this regard.

Arunkumar ghaidaa mp showed the importance of legislation contributes to address some problems and maintain the prestige of the House of representatives and special trip to follow the work of universities that have become out of control and with broad powers.

She explained that most of Beiji Vice ministries refrain from providing Attorney with information or documents through parliamentary committees, although each Deputy right to exercise supervisory role without resorting to commissions.

Mp Riad urged Boutros-Ghali to establish a clear mechanism for oversight role of Deputy and determine penalties to reduce procrastination and obstruction.

Translate mp proposed a road map dry to be submitted by the President of the House of representatives at the meeting of the three presidencies to facilitate the work of the House and their oversight role.

Jabouri made thanked Deputy Ahmed Taha Shaikh idea pursue commissions for their work with ministries that served as natural contexts as the proposed law, alluding to the possibility of transferring the proposals to the legal Committee for the purpose of Browning House proposal.

The Board discussed at the request of Deputy Secretary Baker on disabling the Parliament of Kurdistan.

Deputy Secretary Baker drew more than a year to prevent entry to the territory Parliament Arbil which delayed the work of Parliament about his duties in the service of citizens, calling on Congress to pass a resolution obliging territorial authorities representative to activate the work of Parliament to carry out its oversight functions and legislative and confirming that Parliament’s constitutional violation disabled.

In mp Arafat deputies interventions Karam everyone’s support to activate work of Kurdistan Parliament being legitimate and important institution but disagreement on the mechanism that need to be agreed, noting that the committees continue their work in Parliament, but the speaker territory who wants to impose partisan opinion on others while we need a President representing all.

Mp Abbas Al-Bayati said that territorial legislature representing the will of the popular fair since it was founded after 1991 where filling a void in the territory which requires solving problems within the dome of Parliament rather than solve them outside, calling Mr speaker to drive a specific initiative to bring life to the territory’s Parliament by meeting with interested parties.

Mp Mohsen saadun, noted that because of Iraq’s disabled due to invite the President of Parliament for violation of the rules of procedure in the presence of Iranian and British consuls general this all in all parliamentary tradition, pointing out that the debate in the Federal Parliament considers a constitutional violation in the presence of the independence of the federal system.

Kaveh’s Attorney and Mohamed to disrupt Parliament contributed to disable the legislative process in the territory, demanding that Parliament’s role in activating the work of the Parliament of the Kurdistan region.

He in turn Deputy Secretary to the territorial Parliament flexed institutions representing the conscience of Kurdish people alluding to the Federal Parliament has the power to impose a moral Act and mediate to activate the work of the territorial legislature.

The Attorney noted that resolving the problems of Bachtiar shawis Kurdistan need to activate work of the territorial legislature.

Mp Khalaf Abdul Samad that change the Kurdistan Parliament Speaker must be under the dome of the Parliament in the territory, alluding to a Federal Court can be invoked.

For his part the President said that the Council Presidency will find a suitable resolution for its implementation.

Read More: http://www.dinarupdates.com/showthread.php?48617-Parliament-votes-on-a-resolution-prohibiting-the-participation-of-officials-of-nation

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 Iraqi Dinar/Dollar auction 05-02-17 (most recent listing)

Currency Auctions Announcement No. 3433

This daily currency auction was held in the Central Bank of Iraq on the 05-02-2017

DETAILS NOTES
Number of banks 40
Number of remittance companies 11
Amount sold at auction price (US$) 159,597,950
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 159,597,950
Total offers for selling (US$) —–

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

Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars

Most of the Iraqi Central Bank steps are subject to political and legal environment of the country , especially in regard to the deletion of zeros that counted specialists in the earlier trend sensitive and dangerous may still be , but the central remains the most important institution in terms of the need to adjust the financial management in light of the financial crisis experienced by the the Iraqi economy, which must have to deal with dilemmas , whether with regard to the citizen or the work of the central bank itself.

Questions concerning important files posed (range) in this meeting , the director of the release and the Treasury in the Central Bank Aa’bas behind, and with being answered by briefly he pointed out the most important points that showed that the currency is good for circulation deposited Central has exceeded one billion and a quarter of a million dinars an amount that is not a little if they were compensated by the stored banknotes at the bank , as some believe, at the time between the printed currency size has exceeded the “11 billion and 600 million dinars, he urged citizens on the need not to keep large amounts in homes or buried in the ground , the fact that the process of replacing in the event expose Dt to burn or damage costs the central administrative and financial burdens, stressing that the counterfeit currency rate is still within the internationally accepted borders, with the central quest to carry out an information campaign to educate the public on how to distinguish between the original currency and Almzorh.oicol behind on a question about the possibility of having higher versions of a class (50000 ) dinars?

– No at present intention to issue a higher class category (50000) dinars.

* What about the subject of the deletion of zeros and the reason for the delay?

– the decision on the deletion of zeros cannot be taken in isolation from the political and legal environment in the country under conditions the security situation as a result of terrorist acts and exit from the provinces outside the control of the state for the years 2014, 2015, 2016 which prevents certainly to wait in the implementation of this project, in addition to that this must be done in coordination with all state departments and the private sector, where it should be followed by changing the paragraphs contained in the various laws, which include a reference to fines or lump – sum collection of fees, must also change the financial and statistical records in order to conform with the project process the deletion of zeros. On the other hand, the technical preparations are underway by us.

* How is the cost of the annual replacement and replacement of damaged currency?

– First , there is no substitution instead of a damaged annually, as the bank instead seeks to issue new papers for security specifications developed, so the cost is reduced in this way it is the cost of issuing new banknotes specifications better used at the same time damaged to the replacement of currency from the previous editions .

We seek to carry out an information campaign to distinguish between original and counterfeit currency

* How discovered the counterfeit currency of the size?

– The Central Bank of Iraq resorted to the use of machines to sophisticated counting and sorting which can detect counterfeit currency, in addition to banks guide using modern techniques in the currency examination, but the problem is not doing shopkeepers enough efforts to use the machines to check the currency, as the bank seeks to campaign media to sensitize the public on how to distinguish between the original currency and counterfeit currency by issuing a booklet definitions and (posters) for this purpose and will be distributed to banks in major shopping malls, and in all cases, the counterfeit currency rate is still within the internationally accepted borders , where even T ratio (0.000025) (Twenty – five million paper sheet).

* What currency damaged by fire or poor storage of citizens compensation mechanisms?

– While we hope the citizens do not keep large amounts in homes or buried in the ground, and to do instead in the deposit with the banks, as the replacement of the burnt currency process or damaged it costs the central bank financial burdens and administrative Colva unwarranted, however the bank is to receive citizens whose savings in Iraqi currency to fire accidents provided that they are documented by the civil Defense Department and be sourced from the project, either in terms of currency (buried) are sufficiency statement on the sources of these funds, and in this regard we call on citizens not to accept the mediation of any hand to Astb The Iraqi currency and that this bank does not receive any commission for its replacement.

We applied security methods with modern technology advanced counting and sorting currency

* What future plans for the central bank currency and print?

– Iraqi Central Bank seeks to keep pace with the evolution of printing currency and modern technologies both in currency printing or counting devices and sorting the currency where they are constantly adding new security features in addition to the acquisition of advanced machines counting and sorting currency, was dispensed with final counting and manual screening process.

* How much is the size of the torn currency and how much of the size of the printed currency?

– The number of banknotes unfit for circulation deposited with this bank (1,277,049,543) cash paper of various categories, where they are compensated from the stored banknotes have this bank, as the number of printed banknotes (11,615,265,154) cash paper of various categories.

Read more:  http://www.dinarupdates.com/showthread.php?48060-Dir-of-the-Issuance-Dept-of-the-Central-Bank-(range)-Printed-currency-11-Billion&p=171964#post171964

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CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1294.112 1293.465
British pound GBP 1532.274 1531.507
Canadian dollar CAD 866.637 866.204
Swiss franc CHF 1195.718 1195.120
Swedish krona SEK 133.704 133.637
Norwegian krone NOK 138.790 138.720
Danish krone DKK 173.979 173.892
Japanese yen JPY 10.643 10.637
Special
Drawing Rights
SDR 1623.288 1622.476

Indicative rates – 05.02.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – May 1st

Iraq to rebuild infrastructure through five year plan post ISIS

More than half of the revenues Iraq obtained last year from oil sales and domestic incomes have gone outside of the country to meet internal needs, something Iraqi officials want to tackle through setting a five year long term recovery plan to rebuild the country’s infrastructure.

In coordination with the UN, the Iraqi government held a conference in Erbil to discuss the mechanisms of formulating the five year plan in a bid to rid Iraq of the overwhelming financial burdens it has faced in the wake of the fight against ISIS and massive flows of Internally Displaced Persons (IDPs).

Explaining the long term plan Iraq is working on from Erbil, Alaadin Jaafar, an official from the Finance Ministry said “the plan sets out how Iraq could increase its incomes aside from oil revenues.”

An estimated “$350 to $400 billion” is needed during the period for the recovery plan, he detailed.

Iraq’s national and foreign debts will most likely to have exceeded $125 billion before the end of this year despite growing oil production and revenues, according to the International Monetary Fund (IMF) which offers annual projections of financial conditions across the world.

According to the predictions, the debts will land around $134 billion by the end of next year despite steady oil production. This is expected to raise the current 4,5 million barrels per day (bpd) by 10 percent to 5 billion.

The Iraqi Ministry of Planning, however, says the implementation of the plan will not be easy since earmarking $400 billion is a huge amount.

“Succeeding the plan will not be easy as billions of dollars flow out of Iraq every year,” Dr. Mahmood Daghr, Finance Manager at the Iraqi Central Bank who was an attendant of the conference, told Rudaw.“

“In last year alone, $45 billion has gone abroad for goods while the Iraqi budget was $70 billion as a whole,” he noted.

As Daghr stated, the Iraqi government’s key source of income comes from oil exports which covers 95 percent of the fiscal budget to Baghdad, but this sector is also at stake.

The savings of the Iraqi government had reached $90 billion in 2013, but this amount has now steadily plummeted to $53 billion, he warned.

Corruption and lack of transparency are two key factors leading to worsening financial stability in Baghdad.

Another official from the Planning Ministry said “corruption and the embezzlement of the incomes of Iraq are so high, it cannot be even counted.”

Based on data his ministry has collected, he warned “corruption rate in the revenues Iraq obtains have exceeded 50 percent.”

He mentioned that the Electricity Ministry is a major victim of corruption because “until now $36 billion has been expended in this sector, but power given to the people is only between 6 to 8 hours per day. Besides embezzlement and corruption, what other explanation can you provide when a large amount of money is spent and there is no electricity.”

More dangerous than that, he warned, is employing “a group of people whose job is to just embezzle money.”

The UN is the major player in formulating the plan to boost Iraq’s economy in the post-ISIS phase.

The fight against ISIS has done Iraq great harm due to destructive urban warfare with the jihadists as some areas are partly destroyed and others completely demolished.

The Iraqi Construction and Housing Ministry revealed through data that damage caused in the once thriving cities in the northern part of the country have suffered greatly.

“Eighty percent of the cities where the fight against ISIS took place are destroyed,” said Istebraq Ibrahim, deputy minister of the Housing and Construction Ministry.

Ibrahim, who has served in the ministry for 39 years, went on to yearn that “the majority of cities are destroyed in a way that scars of destruction could be clearly noticed in every sectors of life.”

The city of Ramadi in Anbar which fell to ISIS in May 2015 until it was retaken by the Iraqi government in the beginning of 2016 has been damaged more than any other place.

The fight against ISIS has not ended, but the group is largely weakened as they continue to withdraw from areas they once controlled in Nineveh province. To rebuild the war-ravaged area, Ibrahim suggests, they need $70 billion.

The war on ISIS has not only damaged the roads, buildings and civilian houses, but also Iraq’s largest oil refineries

Ziya Jaafar. Deputy Minister of Oil, pointed out that “the loss Iraq has suffered due to ISIS in the oil sector is more than $15 billion, of which $10 billion was at Baiji refinery alone.”

Baiji refinery located in Bajji, Salahadin province is home to Iraq’s largest refinery which briefly fell to the hands of the militants.

“As part of the long term recovery plan,” Jaafar explained, Iraq aims to “increase oil exports to 7,500,000 barrels of oil per day over the next five years.”

Iraq and the Kurdistan Region have 152 billion barrels of oil which are not drilled yet.

Based on $42 a barrel, Iraq has estimated to receive around $56 billion in 2017 from oil sales, according to the country’s budget. The government has an $85 billion budget for the current year.

Read more: http://www.dinarupdates.com/showthread.php?48642-Iraq-to-rebuild-infrastructure-through-five-year-plan-post-ISIS

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306: Reconstruction of Iraq in partnership with the private sector

The Iraqi planning Ministry, on Sunday, a Conference for the reconstruction of Iraq after the war to ISIS, in Erbil.

The planning Minister Salman jumaili said in a speech during the Conference and was followed up by “economy”, the Conference aims to develop a long term plan includes the reconstruction of the devastated areas in Iraq and economic development in the years 2018 and until 2023.

Jumaili said that the reconstruction of areas dominated by ISIS 35 billion dollars needed, rebuilding Mosul alone takes $14 billion.

He noted that “one of the most important foundations in the extended plan for five years, is a partnership with the private sector, the public sector is an active role in national development, and will coordinate with the international community and international institutions, to find the best ways to reach specific goals, the United Nations had previously discussed plans to 2030”.

Read more:  http://www.dinarupdates.com/showthread.php?48607-306-reconstruction-of-Iraq-in-partnership-with-the-private-sector

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البصرة تكشف سبب رفضها لـ"خصخصة" الكهرباء وتلوح بتأييد المشروع بشروط

Allawi speaks of measures “protectionism” of the national product and confirms: Our markets sink foreign goods

BAGHDAD – The balance of News Deputy President Iyad Allawi, on Saturday, that the lack of measures “protectionism” of the national product caused by the dumping of foreign goods markets, while stressing that corruption and political instability have caused the expulsion of investment and the flight of the national capital.

Allawi said in a speech during his attendance at the first annual scientific conference of the Association of Iraqi economists, moved his press office and received / scales News / copy, said that “the policy of strengthening the dominance of the public sector and the continuation of central planning over the inability to fill national needs in the areas of agriculture, industry, trade and services, and female infanticide sector your struggling. ”
The statement added that “oil revenues went to the salaries of millions of employees, and to sustain the war on terror machine, without having to make a difference in the structures of economic structures, while the lack of protectionist measures of the national product markets flooded foreign goods.”

He said Allawi, that “corruption and political instability have caused the expulsion of investment and the flight of the national capital, while the monetary policy sent the money to the currency and smuggling auction away from the support of the projects.”

He explained that the “financial and administrative corruption contributed to the loss of the bulk of the government and international initiatives loans, causing government repudiation for fulfilling the obligations towards companies and contractors in bankruptcy and extinction of many companies and promising projects, and in the middle class base decline, which form the backbone of the advancement of society and the State”.

Read More:  http://www.dinarupdates.com/showthread.php?48628-Allawi-speaks-of-measures-quot-protectionism-quot-of-the-national-product-and-confirms-Our-m

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BGG (Dinar Guru) –    “Would BGG please give us the true meaning of the deletion of the zeroes project“?]  The “Delete the Zeros” project – (we believe) is part of the currency reform project in Iraq.  Most notably the process of raising the value of the Dinar and then removing the larger “3 zero” notes from the market…they don’t want people sitting on those big notes – they want them out, where they can easily retract them from the marketplace.
What about the subject of the deletion of zeros and the reason for the delay?
1) Security – control of the state (ie; Mosul)… CERTAINLY PREVENTS THE IMPLEMENTATION OF THE PROJECT.
2) When it is DONE – it must be “…done in coordination with all state departments and the private sector…”  Here’s the DOOZY folks…    [post 1 of 2….stay tuned]

Read more: http://www.dinarupdates.com/observer/
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BGG (Dinar Guru) –
3) “…where it should be followed by changing the paragraphs contained in the various laws…”  MEANING – ONCE THE VALUE CHANGES THEY HAVE TO GET A FEW THINGS CHANGED TO SUIT THE VALUE. 
THEY JUST TOLD YOU THE ORDER OF THINGS.
4) “…must also change the financial and statistical records in order to conform with the project process the deletion of zeros…” This bit ALSO INFERS A VALUE CHANGE AS THE PRECURSOR TO REMOVING THE NOTES AND THE REST OF THE PROJECT…here’s another ZINGER…
5) “…On the other hand, the technical preparations are (already) underway by us…” – WHAAAAAAATTTT??  THEY ARE ALREADY GETTING THE TECHNICAL STUFF UNDERWAY. THEY MUST THINK WE ARE CLOSE? This is the ACTUAL CBI talking

Read more: http://www.dinarupdates.com/observer/
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Kaperoni (Dinar Guru) –   Article:  “Central Bank: No distinction between foreign and Iraqi banks and currency auction”  Quote:  “…the existence of discrimination to deal for the Central Bank of Iraq between banks operating in Iraq, whether foreign or Iraqi, but on the basis of classification because they are part of the Iraqi banking system.”     This is an important statement for the CBI to make… this is a requirement of Article VIII (and it has been referred to several times in the consultations) to not only liberalize the foreign exchange, but make it available at any and all banks.  A good step to show the IMF the CBI is trying to comply.

Read More: http://www.dinarupdates.com/observer/
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بقيمة ثلاثة ملايين دينار .. البرلمان يقرر صرف بدل سكن لكل عضو من أعضائه 

Speaker of Parliament determines the files that can focus on in the coming period

Jubouri said during a meeting with head of the US Institute of Peace Mike Yaffe and his accompanying delegation that “files that can focus on in the coming period is the rehabilitation of the affected areas and the return of displaced persons and the achievement of community reconciliation

Jubouri and discussed with the delegation , according to a statement his office today , developments in the political situation in Iraq and ways of joint coordination on post – Daesh and the importance of concerted efforts to support stability in the liberated areas as it said the speaker of parliament that the rehabilitation of areas affected by terrorism, and remove all obstacles to return of displaced persons and provide a suitable environment for community reconciliation is the most important files that can focus on in the coming period.

He added Jubouri that “the House of Representatives supporting all efforts to achieve stability and restore normal life to these areas, both through the work of the committees with the concerned authorities or through laws and supporting legislation
For his part, Yaffe said expressed his continuing work in restoring stability to Iraq and that the House of Representatives plays an important role in this area through continued cooperation and continued support

Read More:  http://www.dinarupdates.com/showthread.php?48624-Speaker-of-Parliament-determines-the-files-that-can-focus-on-in-the-coming-period

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Each survivor here today is a beacon of light, and it only takes one light to illuminate even the darkest space.

President Trump

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Parliament votes on a resolution prohibiting the participation of officials of national interest and harms conferences finish reading two {Extender}

House voted on the thirty-first regular meeting chaired by Salim Al-Juburi, head of the Council in the presence of 173 deputies parliamentary resolution banning Sunday attendance or participation of politicians or conference officials inside and outside Iraq without the approval of Iraqi authorities in addition to finish reading the Bills.

Information service said in a statement to the House of representatives received {Euphrates news} copy today that “at the beginning of the session, the Council rejected a recommendation to the High Commissioner for human rights by the Committee of experts on the representation of alaizidi component in the UNHCR within the given components share their exposure to significant violation by the terrorist organization of ISIS”.

The Council voted on a resolution banning Iraqi politicians and officials attend or participate in conferences and meetings affecting the security of the State and political system wetzor national interest and held outside or inside Iraq without the approval of Iraqi authorities.

The Council voted on the recommendations of the report of the Committee on integrity violations committed by the province of Diwaniyah at the request of a representative of 45 deputies which includes the House objection decision on authorization and delegation of the Council President to take legal action against members of the fact that the decision is illegal and a pretext to prevent members from performing their role and stop all legal proceedings against the province on the background of the questioning of the President of the Council and following up cases listed by the integrity Commission and instruct security forces to pursue fugitives and adjust The car and open a case with integrity.

Mohamed Naji Attorney read a statement condemning the Turkish attacks on Iraqi territory repetition indicating that Iraq has taken all possible means diplomatically to get away from it all what the situation tense and complicated to deter aggression by frequent Turkish Government headed by Erdogan who raised Tempest irresponsible remarks when deputies accused of terrorism legislation and accused the popular crowd that terrorists besides interfering Iraqi host repeated attacks on Iraqi territory by occupying parts of the connector and the use of air power to attack sin against targets In drunken and Sinjar killed dozens of Iraqis, demanding a national attitude fits with the Turkish aggression against Iraq challenge and his people, calling to boycott Turkish products and trade goods and prevent them from entering Iraqi territory and a resolution of the House of representatives to require government victory for our people and the maintenance of our sovereignty.

Mp Sheikh Aboud Al-Issawi made a statement on behalf of the tribal Committee on implications in Iraqi society that left ISIS, which he referred to the importance of the work to develop a comprehensive operational programme to stabilize and return and strengthening security, expressed concern about the emergence of practices and customs of extraneous to the clans in exploiting obvious weak power, announcing an agreement a number of elders of tribes and clans of Iraq fully repudiating all of the proven affiliation of terrorist groups in various spade or assisted or Mall or Rogge for their ideas and the importance of speedy justice to resolve Files for the terrorists and the obligation not to embrace issues of terrorist groups and not to carry the clan elder in their actions and requiring State agencies to search for the missing and to appeal to the Federal Government and its institutions to compensate the relatives of martyrs and providing supplies to return to their areas and work on community reconciliation.

Jabouri made thanks to parliamentary Committee clan substantial efforts have been made to patch up peace community.

The Board concluded the first reading of a bill of health insurance and environmental health committees, labor and Social Affairs in order to provide quality health services and enable citizens to obtain them in health institutions in the public and private sector and outside Iraq and providing the service for free for groups unable to pay costs and relieve the State and the citizen at one time and activate the private sector remains full of companies approved to support and stimulate the health sector.

Presidency postponed a vote on each of the prisoners and detainees reform bill submitted by committees of social and Legal Affairs, security and defence and human rights and the second amendment Bill to the vigilante Registration Act 2000 {8} and number of defence and security committees, legal, financial and Government required resolution for action right at the bullets.

The Presidency also decided to postpone all of first reading of the draft law on the Council of State and of the Commission report and discuss a bill granting long and usually leave processing contractors and financial and legal Committee.

The Council concluded by reading and discussing a bill combining the judicial Institute of the judiciary after he voted for the Bill had not responded.

And in the interventions of representatives stressed the importance of Attorney Abdel Karim abtan judicial independence from the Executive power which requires judicial Institute included the judiciary and separated from the Ministry of Justice.

Attorney Abdul Jabbar Al-Abbadi noted that judicial Institute is one of the important bodies to prepare judges and associate with Executive power contrary to the Constitution forcing the player to the judiciary being independent not under authority of any interventions.

Mp Abbas Al-Bayati suggested the legal Committee meeting includes representatives from the Ministry of Justice, the judiciary, the Prime Minister and the Presidency to resolve the question of annexation of the Justice Ministry’s judicial Institute.

Attorney drew Awad Awadi to speedy enactment of judicial Institute included the judiciary in order to establish the principle of the separation of powers and the application of the Constitution as well as the importance of identifying the number of judges.

Noted Attorney Ammar tastes defeat the principle of intervention by judiciary regarding the judicial Institute podcasts featuring students become judges as interference in judicial decision contexts is considered interference in the judiciary.

In its reply to interventions, the Committee on taking into account remarks ladies and gentlemen deputies of Browning Bill that comes with separation of powers and strengthen the independence of the judiciary.

On akhrnaksh the Council based on a request from the Deputy Ahmed Taha Shaikh subject difficulty coordinating and monitoring committees to her Department by regulatory functions in accordance with the Constitution.

Mp Ahmad Taha Shaikh problems in pursuing its commissions with ministries of various levels of sensitivity between Executive and regulatory bodies as well as mutual abuse between ministries and parliamentary commissions add to a fierce attack on the legislature by some quarters, suggesting a proposed draft law on parliamentary oversight contains mechanisms House call visits and answering mail and regulate mutual relations between the Parliament and the ministries.

And in the interventions of representatives called Deputy ULI Tamimi need to amend the rules of procedure of the House instead of legislating a new law to regulate the relationship between parliamentary committees and ministries.

Mohamed Al-shammari mp pointed to problems arising from the direct use of Deputies with ministries, especially some Ministers to understand the nature of the relationship or the role played by the competent authority and control legislation imposing a decision or a law in this regard.

Arunkumar ghaidaa mp showed the importance of legislation contributes to address some problems and maintain the prestige of the House of representatives and special trip to follow the work of universities that have become out of control and with broad powers.

She explained that most of Beiji Vice ministries refrain from providing Attorney with information or documents through parliamentary committees, although each Deputy right to exercise supervisory role without resorting to commissions.

Mp Riad urged Boutros-Ghali to establish a clear mechanism for oversight role of Deputy and determine penalties to reduce procrastination and obstruction.

Translate mp proposed a road map dry to be submitted by the President of the House of representatives at the meeting of the three presidencies to facilitate the work of the House and their oversight role.

Jabouri made thanked Deputy Ahmed Taha Shaikh idea pursue commissions for their work with ministries that served as natural contexts as the proposed law, alluding to the possibility of transferring the proposals to the legal Committee for the purpose of Browning House proposal.

The Board discussed at the request of Deputy Secretary Baker on disabling the Parliament of Kurdistan.

Deputy Secretary Baker drew more than a year to prevent entry to the territory Parliament Arbil which delayed the work of Parliament about his duties in the service of citizens, calling on Congress to pass a resolution obliging territorial authorities representative to activate the work of Parliament to carry out its oversight functions and legislative and confirming that Parliament’s constitutional violation disabled.

In mp Arafat deputies interventions Karam everyone’s support to activate work of Kurdistan Parliament being legitimate and important institution but disagreement on the mechanism that need to be agreed, noting that the committees continue their work in Parliament, but the speaker territory who wants to impose partisan opinion on others while we need a President representing all.

Mp Abbas Al-Bayati said that territorial legislature representing the will of the popular fair since it was founded after 1991 where filling a void in the territory which requires solving problems within the dome of Parliament rather than solve them outside, calling Mr speaker to drive a specific initiative to bring life to the territory’s Parliament by meeting with interested parties.

Mp Mohsen saadun, noted that because of Iraq’s disabled due to invite the President of Parliament for violation of the rules of procedure in the presence of Iranian and British consuls general this all in all parliamentary tradition, pointing out that the debate in the Federal Parliament considers a constitutional violation in the presence of the independence of the federal system.

Kaveh’s Attorney and Mohamed to disrupt Parliament contributed to disable the legislative process in the territory, demanding that Parliament’s role in activating the work of the Parliament of the Kurdistan region.

He in turn Deputy Secretary to the territorial Parliament flexed institutions representing the conscience of Kurdish people alluding to the Federal Parliament has the power to impose a moral Act and mediate to activate the work of the territorial legislature.

The Attorney noted that resolving the problems of Bachtiar shawis Kurdistan need to activate work of the territorial legislature.

Mp Khalaf Abdul Samad that change the Kurdistan Parliament Speaker must be under the dome of the Parliament in the territory, alluding to a Federal Court can be invoked.

For his part the President said that the Council Presidency will find a suitable resolution for its implementation.

Read More: http://www.dinarupdates.com/showthread.php?48617-Parliament-votes-on-a-resolution-prohibiting-the-participation-of-officials-of-nation

______________________________________________________________

 

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Iraqi Dinar/Dollar auction 04-30-17 (most recent listing)

Currency Auctions Announcement No. 3432

This daily currency auction was held in the Central Bank of Iraq on the 04-30-2017

DETAILS NOTES
Number of banks 34
Number of remittance companies 10
Amount sold at auction price (US$) 162,103,675
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 162,103,675
Total offers for selling (US$) —–

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

Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars

Most of the Iraqi Central Bank steps are subject to political and legal environment of the country , especially in regard to the deletion of zeros that counted specialists in the earlier trend sensitive and dangerous may still be , but the central remains the most important institution in terms of the need to adjust the financial management in light of the financial crisis experienced by the the Iraqi economy, which must have to deal with dilemmas , whether with regard to the citizen or the work of the central bank itself.

Questions concerning important files posed (range) in this meeting , the director of the release and the Treasury in the Central Bank Aa’bas behind, and with being answered by briefly he pointed out the most important points that showed that the currency is good for circulation deposited Central has exceeded one billion and a quarter of a million dinars an amount that is not a little if they were compensated by the stored banknotes at the bank , as some believe, at the time between the printed currency size has exceeded the “11 billion and 600 million dinars, he urged citizens on the need not to keep large amounts in homes or buried in the ground , the fact that the process of replacing in the event expose Dt to burn or damage costs the central administrative and financial burdens, stressing that the counterfeit currency rate is still within the internationally accepted borders, with the central quest to carry out an information campaign to educate the public on how to distinguish between the original currency and Almzorh.oicol behind on a question about the possibility of having higher versions of a class (50000 ) dinars?

– No at present intention to issue a higher class category (50000) dinars.

* What about the subject of the deletion of zeros and the reason for the delay?

– the decision on the deletion of zeros cannot be taken in isolation from the political and legal environment in the country under conditions the security situation as a result of terrorist acts and exit from the provinces outside the control of the state for the years 2014, 2015, 2016 which prevents certainly to wait in the implementation of this project, in addition to that this must be done in coordination with all state departments and the private sector, where it should be followed by changing the paragraphs contained in the various laws, which include a reference to fines or lump – sum collection of fees, must also change the financial and statistical records in order to conform with the project process the deletion of zeros. On the other hand, the technical preparations are underway by us.

* How is the cost of the annual replacement and replacement of damaged currency?

– First , there is no substitution instead of a damaged annually, as the bank instead seeks to issue new papers for security specifications developed, so the cost is reduced in this way it is the cost of issuing new banknotes specifications better used at the same time damaged to the replacement of currency from the previous editions .

We seek to carry out an information campaign to distinguish between original and counterfeit currency

* How discovered the counterfeit currency of the size?

– The Central Bank of Iraq resorted to the use of machines to sophisticated counting and sorting which can detect counterfeit currency, in addition to banks guide using modern techniques in the currency examination, but the problem is not doing shopkeepers enough efforts to use the machines to check the currency, as the bank seeks to campaign media to sensitize the public on how to distinguish between the original currency and counterfeit currency by issuing a booklet definitions and (posters) for this purpose and will be distributed to banks in major shopping malls, and in all cases, the counterfeit currency rate is still within the internationally accepted borders , where even T ratio (0.000025) (Twenty – five million paper sheet).

* What currency damaged by fire or poor storage of citizens compensation mechanisms?

– While we hope the citizens do not keep large amounts in homes or buried in the ground, and to do instead in the deposit with the banks, as the replacement of the burnt currency process or damaged it costs the central bank financial burdens and administrative Colva unwarranted, however the bank is to receive citizens whose savings in Iraqi currency to fire accidents provided that they are documented by the civil Defense Department and be sourced from the project, either in terms of currency (buried) are sufficiency statement on the sources of these funds, and in this regard we call on citizens not to accept the mediation of any hand to Astb The Iraqi currency and that this bank does not receive any commission for its replacement.

We applied security methods with modern technology advanced counting and sorting currency

* What future plans for the central bank currency and print?

– Iraqi Central Bank seeks to keep pace with the evolution of printing currency and modern technologies both in currency printing or counting devices and sorting the currency where they are constantly adding new security features in addition to the acquisition of advanced machines counting and sorting currency, was dispensed with final counting and manual screening process.

* How much is the size of the torn currency and how much of the size of the printed currency?

– The number of banknotes unfit for circulation deposited with this bank (1,277,049,543) cash paper of various categories, where they are compensated from the stored banknotes have this bank, as the number of printed banknotes (11,615,265,154) cash paper of various categories.

Read more:  http://www.dinarupdates.com/showthread.php?48060-Dir-of-the-Issuance-Dept-of-the-Central-Bank-(range)-Printed-currency-11-Billion&p=171964#post171964

____________________________________________________________ 

CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1288.310 1287.666
British pound GBP 1527.360 1526.596
Canadian dollar CAD 869.055 868.620
Swiss franc CHF 1192.346 1191.750
Swedish krona SEK 135.030 134.963
Norwegian krone NOK 137.984 137.915
Danish krone DKK 173.191 173.104
Japanese yen JPY 10.638 10.633
Special
Drawing Rights
SDR 1621.003 1620.192

Indicative rates – 04.30.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – April 30th

Baghdad pledges to provide a suitable environment for investment

Baghdad Province, announced Saturday, pledged to provide a suitable environment for investment and the transfer of powers to sustain during the next stage.

Governor of Baghdad, the statement said Atwan, settle their suspended problems/balance of news copy, to “settle their suspended problems attended the meeting of the supreme body for coordination between the provinces, chaired by Prime Minister Haider Abadi, attended by heads of provincial governors and representatives of some ministries.

The Office added that “the meeting discussed many aspects of SOA, security and the return of displaced persons and the financial challenges facing the country, in addition to providing an enabling environment for investment and the transfer of powers”, stating that “the meeting stressed the need to improve service and urban projects actually stalled due to the financial crisis.”

He explained that “the meeting discussed the need for regional development projects with advanced ratio amounts to complete its work.”

The meeting stressed, “keen to maintain full financial dues collected from the general budget to be able to resume work on stalled projects due to lack of funding.”.

Read more: http://www.dinarupdates.com/showthread.php?48584-Baghdad-pledges-to-provide-a-suitable-environment-for-investment
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Abadi to declare Mosul ‘completely liberated’ next Saturday

Iraq’s city of Mosul will be declared ‘fully liberated’ from the clutches of ISIS terror group next Saturday, sources close to Prime Minister Haider al-Abadi said Thursday.

The Iraqi flag will be raised, and the last bullet will be fired there by Abadi himself, they added.

Few parts in the city are now under the control of ISIS. And they are about to be liberated, the sources further noted.

Nineveh provincial council member Hossam al-Abar said that the Old City of Mosul and the Grand Mosque of Nuri were the starting point of the self-styled caliphate of the terrorists, and the security forces will annihilate the terrorists at the same areas.

Read more: https://dinarupdates.com/blog/

___________________________________________________________

“FaceBook LIVE” w/Call-in from Sunday w/BGG

Click here for Video Replay (4/23)

___________________________________________________________

Iraqi national project sponsored a conference entitled “Iraq unit from South to North in Baghdad.

Iraqi national project continues sponsorship of conferences and activities that correspond to its orientation, aimed at establishing a modern civil State an incubator for all Iraqis without exception.

Activists have been held in Baghdad and other Iraqi provinces the first Conference sponsored by national Iraqi project under the banner of Iraq unit from South to North, which included tnsikiat protests from eight provinces.

Participants stressed the need to counter attempts by the Division are working on some political actors across seminars during the Conference examined Iraq’s situation in General and the reality of events and their relationship to the future of the country since it was agreed on identifying the key demands of protesters and put a worksheet be agreed away from politicizing the demands that work on some actors to confiscate people’s voice penetrated the demonstrations as well as identifying problem in Iraq that it is in the political process and Constitution that became a tool for the difference not to standardize ingredients.

The project is a cross-sectarian Iraqi national and partisan draft for a promising future for all Iraqi

Read More:  http://www.dinarupdates.com/showthread.php?48616-Iraqi-national-project-sponsored-a-conference-entitled-quot-Iraq-unit-from-South-to-North

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Backdoc (Dinar Guru) –   AS I RECALL, ONE ARTICLE MENTIONED THAT MOSUL WOULD BE ANNOUNCED ON OR BEFORE THE 30 th.  EVEN THOUGH WE SAW ARTICLES ABOUT THE SAT. POSSIBILITY, I THINK …THAT TODAY’S ARTICLE IS SIMPLY A POWERFUL TEASE FOR WHAT’S COMING.  I WOULDN’T BE SURPRISED TO SEE A RATE CHANGE JUST IN TIME BEFORE FRIDAY THE 5th.  OF COURSE THAT GIVES THEM A TUES. WED. THURS. WINDOW.   MANY OF US REMEMBER OVER TWO YEARS AGO THE U.S. TREASURY DEPT. CHANGED THEIR INTERNAL RULES SO THAT THEY COULD PAY BILLS WITH FOREIGN CURRENCIES. NOW WOULDN’T THAT BE MORE THAN CONVENIENT FOR A TIME LIKE THIS?  IMO.
______________________________________________________________

Frank26 (Dinar Guru) –   Article:  “Planning Minister emphasizes the need to prepare a new development plan for the post “Daesh”  So does the CBI with the Lifting of The Three Zero’s …POST DAESH …

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

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite

___________________________________________________________

Kaperoni (Dinar Guru) –   Article:  “Central Bank: No distinction between foreign and Iraqi banks and currency auction”  Quote:  “…the existence of discrimination to deal for the Central Bank of Iraq between banks operating in Iraq, whether foreign or Iraqi, but on the basis of classification because they are part of the Iraqi banking system.”     This is an important statement for the CBI to make… this is a requirement of Article VIII (and it has been referred to several times in the consultations) to not only liberalize the foreign exchange, but make it available at any and all banks.  A good step to show the IMF the CBI is trying to comply.

Read More: http://www.dinarupdates.com/observer/
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Anbar Council demanding the liberation of the western regions

Student Council of Anbar province, Sunday, starting with the western regions of edits in Western Province, pointing out that hundreds of families detained terrorist organization ISIS Western Anbar.

And Mohamed Yassin said that “areas and about weraoh and controlled by organizing terrorist ISIS still there hundreds of civilian families which are held hostage by the ISIS human shields and prevents anyone from getting out of their homes at gunpoint and killed dozens of innocent people by attempting to escape from their areas.

“The Security Cabinet confirmed Western liberation battles starting after completion of the cleansing Mosul but need western areas of investigative battles start now and finish ISIS elements existed in those areas.”

Yassin noted that organizing ISIS besieged Western regions and prevent its people escape three years ago with the capture of State services and security centers in early 2014 and yet still under the grip of terrorism and control existing port and the border between Iraq and Syria.

Read More:  http://www.dinarupdates.com/showthread.php?48620-Anbar-Council-demanding-the-liberation-of-the-western-regions

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Run for your life from any man who tells you that money is evil. That sentence is the leper’s bell of an approaching looter. – Ayn Rand

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Parliament issued a resolution today on rocket shots and discusses the granting of a long leave to an employee

البرلمان يصدر اليوم قراراً على مطلقي العيارات النارية ويناقش منح إجازة طويلة للموظف

House of Representatives held on Sunday, its usual, which will vote and discuss a number of laws and subjects.

And it includes the agenda of the meeting View the project included the Judicial Institute to the judicial authority on the law of the Council for a decision to withdraw and the completion of the vote on the draft legal inmates and depositors reform and the completion of the vote on the second draft amendment to the law guards nightclubs No. 8 Act of 2000
It also includes a decision obliging the government to take action against absolute shots the first reading of the legislator Health Insurance Act, the first reading of the draft law of the State Council .

It will discuss parliament project report granting the employee a long routine leave and treatment of contractors situation law and propose a general topic for discussion about the difficulty of coordination and follow – up committees of ministries Halal performance tasks oversight in accordance with the Constitution and a general topic for discussion about disabling the Kurdistan region ‘s parliament.

Is also included in the agenda , ” a general topic for discussion about the rights and privileges stipulated in the laws of return to the institutions of martyrs and political prisoners and a general topic for discussion about re-martyrs ‘families to units of non-combat and a general topic for discussion regarding the state ‘s institutions and bodies acting administration

Read More: http://www.dinarupdates.com/showthread.php?48623-Parliament-issued-a-resolution-today-on-rocket-shots-and-discusses-the-granting-of-a

______________________________________________________________

 

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

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

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______________________________________________________________

 

Iraqi Dinar/Dollar auction 04-30-17 (most recent listing)

Currency Auctions Announcement No. 3432

This daily currency auction was held in the Central Bank of Iraq on the 04-30-2017

DETAILS NOTES
Number of banks 34
Number of remittance companies 10
Amount sold at auction price (US$) 162,103,675
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 162,103,675
Total offers for selling (US$) —–

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

Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars

Most of the Iraqi Central Bank steps are subject to political and legal environment of the country , especially in regard to the deletion of zeros that counted specialists in the earlier trend sensitive and dangerous may still be , but the central remains the most important institution in terms of the need to adjust the financial management in light of the financial crisis experienced by the the Iraqi economy, which must have to deal with dilemmas , whether with regard to the citizen or the work of the central bank itself.

Questions concerning important files posed (range) in this meeting , the director of the release and the Treasury in the Central Bank Aa’bas behind, and with being answered by briefly he pointed out the most important points that showed that the currency is good for circulation deposited Central has exceeded one billion and a quarter of a million dinars an amount that is not a little if they were compensated by the stored banknotes at the bank , as some believe, at the time between the printed currency size has exceeded the “11 billion and 600 million dinars, he urged citizens on the need not to keep large amounts in homes or buried in the ground , the fact that the process of replacing in the event expose Dt to burn or damage costs the central administrative and financial burdens, stressing that the counterfeit currency rate is still within the internationally accepted borders, with the central quest to carry out an information campaign to educate the public on how to distinguish between the original currency and Almzorh.oicol behind on a question about the possibility of having higher versions of a class (50000 ) dinars?

– No at present intention to issue a higher class category (50000) dinars.

* What about the subject of the deletion of zeros and the reason for the delay?

– the decision on the deletion of zeros cannot be taken in isolation from the political and legal environment in the country under conditions the security situation as a result of terrorist acts and exit from the provinces outside the control of the state for the years 2014, 2015, 2016 which prevents certainly to wait in the implementation of this project, in addition to that this must be done in coordination with all state departments and the private sector, where it should be followed by changing the paragraphs contained in the various laws, which include a reference to fines or lump – sum collection of fees, must also change the financial and statistical records in order to conform with the project process the deletion of zeros. On the other hand, the technical preparations are underway by us.

* How is the cost of the annual replacement and replacement of damaged currency?

– First , there is no substitution instead of a damaged annually, as the bank instead seeks to issue new papers for security specifications developed, so the cost is reduced in this way it is the cost of issuing new banknotes specifications better used at the same time damaged to the replacement of currency from the previous editions .

We seek to carry out an information campaign to distinguish between original and counterfeit currency

* How discovered the counterfeit currency of the size?

– The Central Bank of Iraq resorted to the use of machines to sophisticated counting and sorting which can detect counterfeit currency, in addition to banks guide using modern techniques in the currency examination, but the problem is not doing shopkeepers enough efforts to use the machines to check the currency, as the bank seeks to campaign media to sensitize the public on how to distinguish between the original currency and counterfeit currency by issuing a booklet definitions and (posters) for this purpose and will be distributed to banks in major shopping malls, and in all cases, the counterfeit currency rate is still within the internationally accepted borders , where even T ratio (0.000025) (Twenty – five million paper sheet).

* What currency damaged by fire or poor storage of citizens compensation mechanisms?

– While we hope the citizens do not keep large amounts in homes or buried in the ground, and to do instead in the deposit with the banks, as the replacement of the burnt currency process or damaged it costs the central bank financial burdens and administrative Colva unwarranted, however the bank is to receive citizens whose savings in Iraqi currency to fire accidents provided that they are documented by the civil Defense Department and be sourced from the project, either in terms of currency (buried) are sufficiency statement on the sources of these funds, and in this regard we call on citizens not to accept the mediation of any hand to Astb The Iraqi currency and that this bank does not receive any commission for its replacement.

We applied security methods with modern technology advanced counting and sorting currency

* What future plans for the central bank currency and print?

– Iraqi Central Bank seeks to keep pace with the evolution of printing currency and modern technologies both in currency printing or counting devices and sorting the currency where they are constantly adding new security features in addition to the acquisition of advanced machines counting and sorting currency, was dispensed with final counting and manual screening process.

* How much is the size of the torn currency and how much of the size of the printed currency?

– The number of banknotes unfit for circulation deposited with this bank (1,277,049,543) cash paper of various categories, where they are compensated from the stored banknotes have this bank, as the number of printed banknotes (11,615,265,154) cash paper of various categories.

Read more:  http://www.dinarupdates.com/showthread.php?48060-Dir-of-the-Issuance-Dept-of-the-Central-Bank-(range)-Printed-currency-11-Billion&p=171964#post171964

____________________________________________________________ 

CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1288.310 1287.666
British pound GBP 1527.360 1526.596
Canadian dollar CAD 869.055 868.620
Swiss franc CHF 1192.346 1191.750
Swedish krona SEK 135.030 134.963
Norwegian krone NOK 137.984 137.915
Danish krone DKK 173.191 173.104
Japanese yen JPY 10.638 10.633
Special
Drawing Rights
SDR 1621.003 1620.192

Indicative rates – 04.30.2017

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!!

Thanks – BGG!!

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Posted in Daily Dinar Updates | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Dinar Daily NEWS Blog – April 30th

Dinar Daily NEWS Blog – April 29th

National development plan Conference kicks off in Erbil

Started the first Conference events for the national development plan “2018 – 2022,” Saturday, sponsored by the ministries of planning and Kurdistan, in collaboration with local area development programme implemented by the United Nations development programme, funded by the European Union.

The meeting is scheduled to be held in the Hall “Saad Abdullah in Erbil for three days.

The Conference Planning Minister, Salman Al-jumaili, the planning Minister in the Kurdistan Regional Government, Sindi, Secretary General of the Council of Ministers, Mehdi relationship, coupled with the expert in Economic Affairs, Mehdi Hafez, economists and a large number of attendees.

The Conference includes workshops, in addition to highlighting the economic policy in Iraq, the main challenges and visions of the future.

Read more:  http://www.dinarupdates.com/showthread.php?48590-National-development-plan-Conference-kicks-off-in-Erbil

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Baghdad pledges to provide a suitable environment for investment

Baghdad Province, announced Saturday, pledged to provide a suitable environment for investment and the transfer of powers to sustain during the next stage.

Governor of Baghdad, the statement said Atwan, settle their suspended problems/balance of news copy, to “settle their suspended problems attended the meeting of the supreme body for coordination between the provinces, chaired by Prime Minister Haider Abadi, attended by heads of provincial governors and representatives of some ministries.

The Office added that “the meeting discussed many aspects of SOA, security and the return of displaced persons and the financial challenges facing the country, in addition to providing an enabling environment for investment and the transfer of powers”, stating that “the meeting stressed the need to improve service and urban projects actually stalled due to the financial crisis.”

He explained that “the meeting discussed the need for regional development projects with advanced ratio amounts to complete its work.”

The meeting stressed, “keen to maintain full financial dues collected from the general budget to be able to resume work on stalled projects due to lack of funding.”.

Read more: http://www.dinarupdates.com/showthread.php?48584-Baghdad-pledges-to-provide-a-suitable-environment-for-investment

___________________________________________________________

“FaceBook LIVE” w/Call-in from Sunday w/BGG

Click here for Video Replay (4/23)

___________________________________________________________

A Dinar Round Table Call!!
“with the whole DU Crew”
from Thurs nite – Apr 27th
Click-N-Listen!!

Smart phone user link – Click here

___________________________________________________________

Leader of the fight against terrorism [where]: the Emancipation Proclamation Ayman connector in a month.

The second most likely elite Commander Lieutenant General Sami of the models, on Saturday, the emancipation the right side of the city of Mosul in a month from now.

Each of the models of the Agency said Iraq [where] that “the security forces will be able to edit the ad right side of Mosul who desecrated ISIS gangs within a month of terrorist now if the pace of military operations, as it is now.”

He noted that “security forces inflicted terror ISIS gangs considerable human and material losses which drained all the forces of terror and ISIS gangs the journey has taken casualties killed many leaders aldwaash”.

Counterterrorism forces announced earlier edit neighborhood where military operations continued machine for 15 days continuous killing thunderous more than 500 member of ISIS.

Read more: http://www.dinarupdates.com/showthread.php?48595-Leader-of-the-fight-against-terrorism-where-the-Emancipation-Proclamation-Ayman-co

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Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite

__________________________________________________________

Kaperoni (Dinar Guru) –   Article:  “Baghdad embraces a global financial conference next month”   Quote:  “Iraq is in dire need to reduce the gap between the Iraqi and international banks, and after the association adopted a training program periodically targeting workers in banks , public and private sectors , and managed to create efficiencies able to advanced systems management, pointing that banking technology conference complements these efforts.”   That’s 3-4 banking conferences from April to May.

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

___________________________________________________________

“FaceBook LIVE” session from Friday w/BGG

Click here for Video Replay (4/21)

___________________________________________________________

BGG (Dinar Guru) –    The UN Chapter 7 Charter is still in place and is not going anywhere…they’re going to do what they are going to do with their currency’s value…Chapter 7 doesn’t matter at all…all of the sanctions have been removed but the Charter is still there so that we…the U.S…can move troops around at will and that includes all other UN partner nations that matter.

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

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The IMF puts a plan for improving Iraq’s revenue from taxes

Private sector representatives discussed with a delegation from the International Monetary Fund, his approval of a loan to Iraq to pay arrears to contractors and suppliers and farmers, ways to solve this problem, given the importance of stabilizing the economy.

He asked the Deputy Head of the International Monetary Fund for the Middle East and Asia Christian jaws at the meeting in Baghdad about the possibilities that increase State revenues, including activation of taxes and those levied on non-oil products, pointing out that the tariffs were between 5 and 10 per cent, saying it’s not the right way where customs revenues, and stressed the need to change this method for up to 30 per cent.

He said that the fastest gains and revenues resulting from tax assignment unit planning, these great earnings imposed on traders.

Called JAWS to hiring freeze until the management development, because a higher proportion of staff in the civil service was a way to please the other and recruited without regard to efficiency, this system will lead to a deficit over the next 10 years.

The problem of weak banking sector and the importance of strengthening business through restructuring of Rafidain and Rasheed, and open wide space in front of the private banks with the need for calendar weaknesses and lay the foundations to combat money laundering, as a form of integrity and specialized organizations. And noted the progress made by the Office of financial supervision audit unaudited transactions.

The Economist said Ibrahim Al-Baghdadi in the intervention, Iraq began to collect tariffs in some Customs resources increased to more than 30 times, electricity collection rose 20 times, and the Ministry of electricity power companies fees collection under investment contracts, started to show positive results.

He stressed that payment will move the wheel market and address poor liquidity in markets, which affected the level of per capita income and small business.

Iraqi contractors Union President called on óäçýí, release the arrears of transactions audited by the Office of financial supervision. Contractors said 34 features a contractor, gets a large portion of their suffering at some point tax calculation, tax deduction amounts are reserved to the provinces.

Economic researcher considered Lubna Al-shammari, the reform of the banking sector gate to enter diverse investments to Iraq

Read More:  http://www.dinarupdates.com/showthread.php?48525-The-IMF-puts-a-plan-for-improving-Iraq-s-revenue-from-taxes

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We know that in the end, good will triumph over evil, and that as long as we refuse to close our eyes or to silence our voices, we know that justice will ultimately prevail.

President Trump

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The United Nations calls on Turkey to respect Iraq’s sovereignty

The United Nations expressed concern about strikes by Turkish forces to northern Iraq Sinjar area, inviting Turkey to respect Iraqi sovereignty.

Channel “Russia today” from the spokesperson Organization Secretary General Stephane dujaric, saying at a news conference Wednesday evening, saying “we are very concerned about this incident and express our condolences to the victims ‘ families, we understand the interest of Member States in United Nations security issues, but we remind them of their obligations under the Charter of the Organization, which demands full respect for the principles of sovereignty, territorial integrity and non-interference in the internal affairs of other States.”

Diogarik called “the Governments of Turkey and Iraq to hold consultations on all topics of concern and anxiety involved.”

The Turkish army announced that military aviation, Dawn Tuesday, RAID sites to PKK militants and affiliated organizations in Sinjar in northern Iraq and mount korgokh (Kara chowk), Northeastern Syria, he said.

The army claimed that the areas targeted by the raids turned into “nests of terrorism”, “terrorist” attacks killing and injuring civilians, soldiers and security personnel.In turn, the spokesman “protect the people” ridor Khalil Kurdish, Turkish strikes in Syria, that the outcome of the raids on mountain korgokh of 20 dead and 18 wounded.

Read more: http://www.dinarupdates.com/showthread.php?48522-The-United-Nations-calls-on-Turkey-to-respect-Iraq-s-sovereignty

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As anti-ISIS campaign grinds on, Mosul’s businesses start rebuilding

Local business owners roll up their sleeves and start the hard work of bringing life back to the city.

April 26, 2017 Mosul—Some businessmen in Mosul have begun rebuilding their shattered premises without waiting for financial support from the cash-strapped Iraqi government or for the final defeat of Islamic State in the city.

“If we wait for support, it could take a long time,” said Rafeh Ghanem, who owns an automotive spare-parts business in the eastern side of the city.

An airstrike in January reduced the two-story building that houses his shop and dozens of others to a heap of rubble and twisted steel rods.

US-backed Iraqi forces took back the eastern side of Mosul in January, after 100 days of fighting. They are now fighting Islamic State in districts lying west of the Tigris river that bisects the city.

Mr. Ghanem said he and the 25 other businesses that rent space in the building agreed to contribute funds to help the landlord clear the debris and rebuild one of the two stories.
Reconstruction started on April 11 and Ghanem hopes to return to business in three to four months.

He says waiting is of no use since the price of building materials is expected to rise as more reconstruction projects get under way, boosting demand for steel and cement.

The city, captured by IS in 2014, has suffered extensive damage as hundreds of houses and public buildings including the airport, the main railway station and the university have been destroyed.

Cement and steel prices have gone down steeply since the militants were defeated in eastern Mosul, as road connections have opened up with the rest of Iraq and Turkey, allowing supplies to resume.

A metric ton of cement used to sell for up to 350,000 Iraqi dinars ($300) after the militants took over nearly three years ago. It now costs 80,000 to 90,000, said an importer, Saif Ibrahim.

Read More:  http://www.dinarupdates.com/showthread.php?48483-As-anti-ISIS-campaign-grinds-on-Mosul-s-businesses-start-rebuilding

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Governor of the Central Bank of Iraq has made great efforts to get out of the gray area

The governor of the central bank on the Keywords, on Wednesday, that the central bank is waiting for Iraq to complete his studies on projects in order to provide funding noting that Iraq has made great efforts to get out of the gray zone in the classification of the recent Financial Action Organization.

Keywords and said in a press statement seen by “Economy News”, the central bank is waiting for the completion of Iraq for his studies on projects in order to provide funding adding that the 9 million grant to the dollar for the extraction of gas are part of the project support plan in the country

Keywords confirmed that Iraq has made great efforts to get out of the gray zone in the classification of the recent financial work organization noting that the World Bank to impose conditions on the banks of Iraq to fight money laundering

The Governor of the Central Bank explained that Iraq managed and in coordination with the US authorities to prosecute hundreds of financial transactions that are riddled with suspicions of terrorism

It is noteworthy that both the World Bank and the IMF, are carrying out a review of the program to improve the performance of the Iraqi economy, allowing Baghdad to obtain billions of dollars in loans from financial institutions and donor countries to address the liquidity crisis resulting from lower oil prices and the requirements of Daesh war.

Read More: http://www.dinarupdates.com/showthread.php?48489-Governor-of-the-Central-Bank-of-Iraq-has-made-great-efforts-to-get-out-of-the-gray-ar

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A Dinar Updates “FaceBook Live”!!
“LIVE Q&A with BGG”
From – Apr 7th
In the DU FaceBook Group!!

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

____________________________________________________________

Parliamentary Economy: Iraq looks to diversify the sources of funding the state treasury

He assured the Committee of Economy and Investment parliamentary member Jawad al-Bolani, on Wednesday that the telecommunications sector is a second source of the Iraqi state treasury after oil while suggesting the need for Iraq to investment and the exchange of experiences with the outside world

Bolani said in a statement received “Economy News”, that rational investment demand and an economic important, Iraq needs investment and the exchange of experiences with the outside world, especially since the world is now turning to a different system of interests

He said, “The investment does not mean breach of the requirements of sovereignty or national security, information security and the Ministry of Communications is responsible for it as the technical as well as the responsibility of other state institutions.”

He said al-Bolani, said that Iraq is looking forward to the development of the investment sector in the field of telecommunications which generates huge revenues for the country constitute a second source of oil after the public treasury.”

Set off on Wednesday morning, the activities of the Arab Investment Conference in information technology and communication under the title (investment in the telecommunications sector of the Arab Organization map) in the presence of political figures and a number of ambassadors of countries accredited.

Read more:  http://www.dinarupdates.com/showthread.php?48534-Parliamentary-Economy-Iraq-looks-to-diversify-the-sources-of-funding-the-state-trea

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tman23 (Dinar Guru) –  Coincidental…? You all should be very interested and excited…chatter regarding 4/21 and launching or beginning of something new with in IMF etc…Then i read this…Newshound Guru Stryker   Article: “Iraq resumes next Friday talks with the International Monetary Fund and the World Bank“.   What makes this so interesting is that everyone is meeting in Washington after they already had 12 day meeting in Amman just last month. Then I saw Legarde in an interview…will be meeting Mnunchin for the first time…Wanna know the date of the meeting …GUESS!   Friday…4/21  [post 1 of 2….stay tuned]

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

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

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

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______________________________________________________________

BGG (Dinar Guru) –   [Do you think that the IMF meeting with the CBI and GOI this weekend could be the GO/No Go meeting for the Revalue of Iraq’s currency?]   IMHO it looks as if all these “talks” will happen first – THEN the Executive Board will decide and vote on, what to do.  …the next few days are going to be very, very full of activity. Followed up by the IMF Executive Board.   I’m saying – the end of April… up through about the 29th – is a VERY BUSY TIME for Iraq and the world financial overseers.

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

Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars

Most of the Iraqi Central Bank steps are subject to political and legal environment of the country , especially in regard to the deletion of zeros that counted specialists in the earlier trend sensitive and dangerous may still be , but the central remains the most important institution in terms of the need to adjust the financial management in light of the financial crisis experienced by the the Iraqi economy, which must have to deal with dilemmas , whether with regard to the citizen or the work of the central bank itself.

Questions concerning important files posed (range) in this meeting , the director of the release and the Treasury in the Central Bank Aa’bas behind, and with being answered by briefly he pointed out the most important points that showed that the currency is good for circulation deposited Central has exceeded one billion and a quarter of a million dinars an amount that is not a little if they were compensated by the stored banknotes at the bank , as some believe, at the time between the printed currency size has exceeded the “11 billion and 600 million dinars, he urged citizens on the need not to keep large amounts in homes or buried in the ground , the fact that the process of replacing in the event expose Dt to burn or damage costs the central administrative and financial burdens, stressing that the counterfeit currency rate is still within the internationally accepted borders, with the central quest to carry out an information campaign to educate the public on how to distinguish between the original currency and Almzorh.oicol behind on a question about the possibility of having higher versions of a class (50000 ) dinars?

– No at present intention to issue a higher class category (50000) dinars.

* What about the subject of the deletion of zeros and the reason for the delay?

– the decision on the deletion of zeros cannot be taken in isolation from the political and legal environment in the country under conditions the security situation as a result of terrorist acts and exit from the provinces outside the control of the state for the years 2014, 2015, 2016 which prevents certainly to wait in the implementation of this project, in addition to that this must be done in coordination with all state departments and the private sector, where it should be followed by changing the paragraphs contained in the various laws, which include a reference to fines or lump – sum collection of fees, must also change the financial and statistical records in order to conform with the project process the deletion of zeros. On the other hand, the technical preparations are underway by us.

* How is the cost of the annual replacement and replacement of damaged currency?

– First , there is no substitution instead of a damaged annually, as the bank instead seeks to issue new papers for security specifications developed, so the cost is reduced in this way it is the cost of issuing new banknotes specifications better used at the same time damaged to the replacement of currency from the previous editions .

We seek to carry out an information campaign to distinguish between original and counterfeit currency

* How discovered the counterfeit currency of the size?

– The Central Bank of Iraq resorted to the use of machines to sophisticated counting and sorting which can detect counterfeit currency, in addition to banks guide using modern techniques in the currency examination, but the problem is not doing shopkeepers enough efforts to use the machines to check the currency, as the bank seeks to campaign media to sensitize the public on how to distinguish between the original currency and counterfeit currency by issuing a booklet definitions and (posters) for this purpose and will be distributed to banks in major shopping malls, and in all cases, the counterfeit currency rate is still within the internationally accepted borders , where even T ratio (0.000025) (Twenty – five million paper sheet).

* What currency damaged by fire or poor storage of citizens compensation mechanisms?

– While we hope the citizens do not keep large amounts in homes or buried in the ground, and to do instead in the deposit with the banks, as the replacement of the burnt currency process or damaged it costs the central bank financial burdens and administrative Colva unwarranted, however the bank is to receive citizens whose savings in Iraqi currency to fire accidents provided that they are documented by the civil Defense Department and be sourced from the project, either in terms of currency (buried) are sufficiency statement on the sources of these funds, and in this regard we call on citizens not to accept the mediation of any hand to Astb The Iraqi currency and that this bank does not receive any commission for its replacement.

We applied security methods with modern technology advanced counting and sorting currency

* What future plans for the central bank currency and print?

– Iraqi Central Bank seeks to keep pace with the evolution of printing currency and modern technologies both in currency printing or counting devices and sorting the currency where they are constantly adding new security features in addition to the acquisition of advanced machines counting and sorting currency, was dispensed with final counting and manual screening process.

* How much is the size of the torn currency and how much of the size of the printed currency?

– The number of banknotes unfit for circulation deposited with this bank (1,277,049,543) cash paper of various categories, where they are compensated from the stored banknotes have this bank, as the number of printed banknotes (11,615,265,154) cash paper of various categories.

Read more:  http://www.dinarupdates.com/showthread.php?48060-Dir-of-the-Issuance-Dept-of-the-Central-Bank-(range)-Printed-currency-11-Billion&p=171964#post171964

Iraqi Dinar/Dollar auction 04-27-17 (most recent listing)

Currency Auctions Announcement No. 3431

This daily currency auction was held in the Central Bank of Iraq on the 04-27-2017

DETAILS NOTES
Number of banks 34
Number of remittance companies 10
Amount sold at auction price (US$) 162,103,675
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 162,103,675
Total offers for selling (US$) —–

The results were as follows:

If you are not receiving D.U.C.E. messages, it’s possible the receiving mail server is blocking or filtering the message before it’s delivered to your inbox. One solution is to whitelist our domain and IP ranges so that the server will allow messages through the block.
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The following .PDF is the review by RCookie of the IMF board’s publishing of Iraq’s SBA (excellent info) – He would have wanted you all to have it.. posting the whole .PDF was the only way to get it on here. Enjoy. BGG

SBA 2016 RECAP

Robert Cook  CSW  CSS  CBP  CST  CTC

Iraq:

IMF EXECUTIVE BOARD COMPLETES FIRST REVIEW IRAQ’S STAND-BY ARRANGEMENT (45 pages…)

12162016

 

CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1289.731 1289.086
British pound GBP 1518.184 1517.425
Canadian dollar CAD 871.037 870.601
Swiss franc CHF 1190.069 1189.474
Swedish krona SEK 135.157 135.089
Norwegian krone NOK 137.962 137.893
Danish krone DKK 173.363 173.276
Japanese yen JPY 10.633 10.628
Special
Drawing Rights
SDR 1620.221 1619.411

Indicative rates – 04.27.2017

http://www.cbi.iq

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Posted in Daily Dinar Updates | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Dinar Daily NEWS Blog – April 29th

Dinar Daily NEWS Blog – April 28th

Trump will visit Iraq next month

Baghdad / Iraq News Network likely leader of the Dawa Party and MP Jassem Al- Bayati, Thursday, Trump ‘s visit to Iraq next May in the three – nation tour in the region. The MP said Jassim Mohammed Jaafar in a press statement today: “It is highly likely that the US President Donald Trump visited Iraq during the month of May next part of his tour in the region , which was unveiled today.”

Jaafar said, “America has many interests in Iraq , including the presence of a military 5000 on Iraqi territory , ” pointing out that ” the sensitivity of the security situation prevents the administration from the official announcement of this visit.” The newspaper “Life” revealed on Thursday, the determination of US President Donald Trump ‘s visit three countries in the Middle East next month.

Read more:  http://www.dinarupdates.com/showthread.php?48549-Trump-will-visit-Iraq-next-month-April-27-2017

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Iraq to Sell Crude Oil through Auction

Iraq will try to sell a supertanker of Basra Light crude oil at auction through the Dubai Mercantile Exchange (DME), a part of the US-based CME Group, according to Financial Times.

This move to sell the 2m barrel cargo follows Oman’s recent auction sales of two cargoes through the DME, which acts a trading venue for physical oil deals in the region.

The biding will start on Friday. Traders can bid though an electronic platform, but, a premium must be paid to Somo’s official selling price for June.

Somo is Iraq’s state oil marketer. However, the Kurdistan Region in Iraq sells its oil independently of Somo.

Another caveat for the highest bidder is that they will need to agree to ship the crude oil only to Asia.Besides relying on traditional methods of selling its oil, such as long-term supply deals, Iraq is expanding to others means of increasing its sales, such as forming a joint venture between Somo and Litasco, the trading organization of Russia’s Lukoil,-one of the largest global producers of oil.

Read more:  http://www.dinarupdates.com/showthread.php?48558-Iraq-to-Sell-Crude-Oil-through-Auction

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“FaceBook LIVE” w/Call-in from Sunday w/BGG

Click here for Video Replay (4/23)

___________________________________________________________

A Dinar Round Table Call!!
“with the whole DU Crew”
from Thurs nite – Apr 27th
Click-N-Listen!!

Smart phone user link – Click here

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Iraqi Forces Recapture Strategic Town near Mosul

Iraqi forces on Thursday recaptured the strategic town of Hatra, with its roads linking the provinces of Nineveh, Salaheddin and Anbar.

Popular Mobilization Forces (PMF), also known as Hashed al-Shaabi recaptured the town from Islamic State (IS) militants.

The town is located about 120 kilometers away from Mosul, but is of importance to the IS for its roads linking multiple provinces, which can be utilized for resupplying its fronts with weapons and fighters.

“Hashed Al Shaabi forces fully liberated Hatra town in record time,” said the Iraqi Army Staff Lieutenant General Abdulamir Yarallah, as reported by The Jordan Times.

According to Yarallah, IS militants incurred “heavy losses.”

He also noted that Iraqi flags were hoisted above key buildings following the victorious battle over the terrorist group over the town.

An archilogical site in Hatra’s vicinity was recaptured by the PMF on Wednesday.

The site has been damaged by IS militants. However, the extent of the damage is as of now uncertain.

Currently, PMF is clearing the western part of town from planted bombs and booby-traps left by the IS.

Approximately 5,500 civilians and 16,000 sheep had been evacuated from the area.

Read more:  http://www.dinarupdates.com/showthread.php?48557-Iraqi-Forces-Recapture-Strategic-Town-near-Mosul

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Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite

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Kaperoni (Dinar Guru) –   Article:  “Baghdad embraces a global financial conference next month”   Quote:  “Iraq is in dire need to reduce the gap between the Iraqi and international banks, and after the association adopted a training program periodically targeting workers in banks , public and private sectors , and managed to create efficiencies able to advanced systems management, pointing that banking technology conference complements these efforts.”   That’s 3-4 banking conferences from April to May.

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

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“FaceBook LIVE” session from Friday w/BGG

Click here for Video Replay (4/21)

___________________________________________________________

BGG (Dinar Guru) –    The UN Chapter 7 Charter is still in place and is not going anywhere…they’re going to do what they are going to do with their currency’s value…Chapter 7 doesn’t matter at all…all of the sanctions have been removed but the Charter is still there so that we…the U.S…can move troops around at will and that includes all other UN partner nations that matter.

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

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The IMF puts a plan for improving Iraq’s revenue from taxes

Private sector representatives discussed with a delegation from the International Monetary Fund, his approval of a loan to Iraq to pay arrears to contractors and suppliers and farmers, ways to solve this problem, given the importance of stabilizing the economy.

He asked the Deputy Head of the International Monetary Fund for the Middle East and Asia Christian jaws at the meeting in Baghdad about the possibilities that increase State revenues, including activation of taxes and those levied on non-oil products, pointing out that the tariffs were between 5 and 10 per cent, saying it’s not the right way where customs revenues, and stressed the need to change this method for up to 30 per cent.

He said that the fastest gains and revenues resulting from tax assignment unit planning, these great earnings imposed on traders.

Called JAWS to hiring freeze until the management development, because a higher proportion of staff in the civil service was a way to please the other and recruited without regard to efficiency, this system will lead to a deficit over the next 10 years.

The problem of weak banking sector and the importance of strengthening business through restructuring of Rafidain and Rasheed, and open wide space in front of the private banks with the need for calendar weaknesses and lay the foundations to combat money laundering, as a form of integrity and specialized organizations. And noted the progress made by the Office of financial supervision audit unaudited transactions.

The Economist said Ibrahim Al-Baghdadi in the intervention, Iraq began to collect tariffs in some Customs resources increased to more than 30 times, electricity collection rose 20 times, and the Ministry of electricity power companies fees collection under investment contracts, started to show positive results.

He stressed that payment will move the wheel market and address poor liquidity in markets, which affected the level of per capita income and small business.

Iraqi contractors Union President called on óäçýí, release the arrears of transactions audited by the Office of financial supervision. Contractors said 34 features a contractor, gets a large portion of their suffering at some point tax calculation, tax deduction amounts are reserved to the provinces.

Economic researcher considered Lubna Al-shammari, the reform of the banking sector gate to enter diverse investments to Iraq

Read More:  http://www.dinarupdates.com/showthread.php?48525-The-IMF-puts-a-plan-for-improving-Iraq-s-revenue-from-taxes

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‘Freedom Is A Gift From God, Not Government’ – 

President Trump

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The United Nations calls on Turkey to respect Iraq’s sovereignty

The United Nations expressed concern about strikes by Turkish forces to northern Iraq Sinjar area, inviting Turkey to respect Iraqi sovereignty.

Channel “Russia today” from the spokesperson Organization Secretary General Stephane dujaric, saying at a news conference Wednesday evening, saying “we are very concerned about this incident and express our condolences to the victims ‘ families, we understand the interest of Member States in United Nations security issues, but we remind them of their obligations under the Charter of the Organization, which demands full respect for the principles of sovereignty, territorial integrity and non-interference in the internal affairs of other States.”

Diogarik called “the Governments of Turkey and Iraq to hold consultations on all topics of concern and anxiety involved.”

The Turkish army announced that military aviation, Dawn Tuesday, RAID sites to PKK militants and affiliated organizations in Sinjar in northern Iraq and mount korgokh (Kara chowk), Northeastern Syria, he said.

The army claimed that the areas targeted by the raids turned into “nests of terrorism”, “terrorist” attacks killing and injuring civilians, soldiers and security personnel.In turn, the spokesman “protect the people” ridor Khalil Kurdish, Turkish strikes in Syria, that the outcome of the raids on mountain korgokh of 20 dead and 18 wounded.

Read more: http://www.dinarupdates.com/showthread.php?48522-The-United-Nations-calls-on-Turkey-to-respect-Iraq-s-sovereignty

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As anti-ISIS campaign grinds on, Mosul’s businesses start rebuilding

Local business owners roll up their sleeves and start the hard work of bringing life back to the city.

April 26, 2017 Mosul—Some businessmen in Mosul have begun rebuilding their shattered premises without waiting for financial support from the cash-strapped Iraqi government or for the final defeat of Islamic State in the city.

“If we wait for support, it could take a long time,” said Rafeh Ghanem, who owns an automotive spare-parts business in the eastern side of the city.

An airstrike in January reduced the two-story building that houses his shop and dozens of others to a heap of rubble and twisted steel rods.

US-backed Iraqi forces took back the eastern side of Mosul in January, after 100 days of fighting. They are now fighting Islamic State in districts lying west of the Tigris river that bisects the city.

Mr. Ghanem said he and the 25 other businesses that rent space in the building agreed to contribute funds to help the landlord clear the debris and rebuild one of the two stories.
Reconstruction started on April 11 and Ghanem hopes to return to business in three to four months.

He says waiting is of no use since the price of building materials is expected to rise as more reconstruction projects get under way, boosting demand for steel and cement.

The city, captured by IS in 2014, has suffered extensive damage as hundreds of houses and public buildings including the airport, the main railway station and the university have been destroyed.

Cement and steel prices have gone down steeply since the militants were defeated in eastern Mosul, as road connections have opened up with the rest of Iraq and Turkey, allowing supplies to resume.

A metric ton of cement used to sell for up to 350,000 Iraqi dinars ($300) after the militants took over nearly three years ago. It now costs 80,000 to 90,000, said an importer, Saif Ibrahim.

Read More:  http://www.dinarupdates.com/showthread.php?48483-As-anti-ISIS-campaign-grinds-on-Mosul-s-businesses-start-rebuilding

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Governor of the Central Bank of Iraq has made great efforts to get out of the gray area

The governor of the central bank on the Keywords, on Wednesday, that the central bank is waiting for Iraq to complete his studies on projects in order to provide funding noting that Iraq has made great efforts to get out of the gray zone in the classification of the recent Financial Action Organization.

Keywords and said in a press statement seen by “Economy News”, the central bank is waiting for the completion of Iraq for his studies on projects in order to provide funding adding that the 9 million grant to the dollar for the extraction of gas are part of the project support plan in the country

Keywords confirmed that Iraq has made great efforts to get out of the gray zone in the classification of the recent financial work organization noting that the World Bank to impose conditions on the banks of Iraq to fight money laundering

The Governor of the Central Bank explained that Iraq managed and in coordination with the US authorities to prosecute hundreds of financial transactions that are riddled with suspicions of terrorism

It is noteworthy that both the World Bank and the IMF, are carrying out a review of the program to improve the performance of the Iraqi economy, allowing Baghdad to obtain billions of dollars in loans from financial institutions and donor countries to address the liquidity crisis resulting from lower oil prices and the requirements of Daesh war.

Read More: http://www.dinarupdates.com/showthread.php?48489-Governor-of-the-Central-Bank-of-Iraq-has-made-great-efforts-to-get-out-of-the-gray-ar

__________________________________________________________

A Dinar Updates “FaceBook Live”!!
“LIVE Q&A with BGG”
From – Apr 7th
In the DU FaceBook Group!!

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

____________________________________________________________

Parliamentary Economy: Iraq looks to diversify the sources of funding the state treasury

He assured the Committee of Economy and Investment parliamentary member Jawad al-Bolani, on Wednesday that the telecommunications sector is a second source of the Iraqi state treasury after oil while suggesting the need for Iraq to investment and the exchange of experiences with the outside world

Bolani said in a statement received “Economy News”, that rational investment demand and an economic important, Iraq needs investment and the exchange of experiences with the outside world, especially since the world is now turning to a different system of interests

He said, “The investment does not mean breach of the requirements of sovereignty or national security, information security and the Ministry of Communications is responsible for it as the technical as well as the responsibility of other state institutions.”

He said al-Bolani, said that Iraq is looking forward to the development of the investment sector in the field of telecommunications which generates huge revenues for the country constitute a second source of oil after the public treasury.”

Set off on Wednesday morning, the activities of the Arab Investment Conference in information technology and communication under the title (investment in the telecommunications sector of the Arab Organization map) in the presence of political figures and a number of ambassadors of countries accredited.

Read more:  http://www.dinarupdates.com/showthread.php?48534-Parliamentary-Economy-Iraq-looks-to-diversify-the-sources-of-funding-the-state-trea

______________________________________________________________

tman23 (Dinar Guru) –  Coincidental…? You all should be very interested and excited…chatter regarding 4/21 and launching or beginning of something new with in IMF etc…Then i read this…Newshound Guru Stryker   Article: “Iraq resumes next Friday talks with the International Monetary Fund and the World Bank“.   What makes this so interesting is that everyone is meeting in Washington after they already had 12 day meeting in Amman just last month. Then I saw Legarde in an interview…will be meeting Mnunchin for the first time…Wanna know the date of the meeting …GUESS!   Friday…4/21  [post 1 of 2….stay tuned]

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

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

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

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

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

______________________________________________________________

BGG (Dinar Guru) –   [Do you think that the IMF meeting with the CBI and GOI this weekend could be the GO/No Go meeting for the Revalue of Iraq’s currency?]   IMHO it looks as if all these “talks” will happen first – THEN the Executive Board will decide and vote on, what to do.  …the next few days are going to be very, very full of activity. Followed up by the IMF Executive Board.   I’m saying – the end of April… up through about the 29th – is a VERY BUSY TIME for Iraq and the world financial overseers.

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

Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars

Most of the Iraqi Central Bank steps are subject to political and legal environment of the country , especially in regard to the deletion of zeros that counted specialists in the earlier trend sensitive and dangerous may still be , but the central remains the most important institution in terms of the need to adjust the financial management in light of the financial crisis experienced by the the Iraqi economy, which must have to deal with dilemmas , whether with regard to the citizen or the work of the central bank itself.

Questions concerning important files posed (range) in this meeting , the director of the release and the Treasury in the Central Bank Aa’bas behind, and with being answered by briefly he pointed out the most important points that showed that the currency is good for circulation deposited Central has exceeded one billion and a quarter of a million dinars an amount that is not a little if they were compensated by the stored banknotes at the bank , as some believe, at the time between the printed currency size has exceeded the “11 billion and 600 million dinars, he urged citizens on the need not to keep large amounts in homes or buried in the ground , the fact that the process of replacing in the event expose Dt to burn or damage costs the central administrative and financial burdens, stressing that the counterfeit currency rate is still within the internationally accepted borders, with the central quest to carry out an information campaign to educate the public on how to distinguish between the original currency and Almzorh.oicol behind on a question about the possibility of having higher versions of a class (50000 ) dinars?

– No at present intention to issue a higher class category (50000) dinars.

* What about the subject of the deletion of zeros and the reason for the delay?

– the decision on the deletion of zeros cannot be taken in isolation from the political and legal environment in the country under conditions the security situation as a result of terrorist acts and exit from the provinces outside the control of the state for the years 2014, 2015, 2016 which prevents certainly to wait in the implementation of this project, in addition to that this must be done in coordination with all state departments and the private sector, where it should be followed by changing the paragraphs contained in the various laws, which include a reference to fines or lump – sum collection of fees, must also change the financial and statistical records in order to conform with the project process the deletion of zeros. On the other hand, the technical preparations are underway by us.

* How is the cost of the annual replacement and replacement of damaged currency?

– First , there is no substitution instead of a damaged annually, as the bank instead seeks to issue new papers for security specifications developed, so the cost is reduced in this way it is the cost of issuing new banknotes specifications better used at the same time damaged to the replacement of currency from the previous editions .

We seek to carry out an information campaign to distinguish between original and counterfeit currency

* How discovered the counterfeit currency of the size?

– The Central Bank of Iraq resorted to the use of machines to sophisticated counting and sorting which can detect counterfeit currency, in addition to banks guide using modern techniques in the currency examination, but the problem is not doing shopkeepers enough efforts to use the machines to check the currency, as the bank seeks to campaign media to sensitize the public on how to distinguish between the original currency and counterfeit currency by issuing a booklet definitions and (posters) for this purpose and will be distributed to banks in major shopping malls, and in all cases, the counterfeit currency rate is still within the internationally accepted borders , where even T ratio (0.000025) (Twenty – five million paper sheet).

* What currency damaged by fire or poor storage of citizens compensation mechanisms?

– While we hope the citizens do not keep large amounts in homes or buried in the ground, and to do instead in the deposit with the banks, as the replacement of the burnt currency process or damaged it costs the central bank financial burdens and administrative Colva unwarranted, however the bank is to receive citizens whose savings in Iraqi currency to fire accidents provided that they are documented by the civil Defense Department and be sourced from the project, either in terms of currency (buried) are sufficiency statement on the sources of these funds, and in this regard we call on citizens not to accept the mediation of any hand to Astb The Iraqi currency and that this bank does not receive any commission for its replacement.

We applied security methods with modern technology advanced counting and sorting currency

* What future plans for the central bank currency and print?

– Iraqi Central Bank seeks to keep pace with the evolution of printing currency and modern technologies both in currency printing or counting devices and sorting the currency where they are constantly adding new security features in addition to the acquisition of advanced machines counting and sorting currency, was dispensed with final counting and manual screening process.

* How much is the size of the torn currency and how much of the size of the printed currency?

– The number of banknotes unfit for circulation deposited with this bank (1,277,049,543) cash paper of various categories, where they are compensated from the stored banknotes have this bank, as the number of printed banknotes (11,615,265,154) cash paper of various categories.

Read more:  http://www.dinarupdates.com/showthread.php?48060-Dir-of-the-Issuance-Dept-of-the-Central-Bank-(range)-Printed-currency-11-Billion&p=171964#post171964

Iraqi Dinar/Dollar auction 04-27-17 (most recent listing)

Currency Auctions Announcement No. 3431

This daily currency auction was held in the Central Bank of Iraq on the 04-27-2017

DETAILS NOTES
Number of banks 34
Number of remittance companies 10
Amount sold at auction price (US$) 162,103,675
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 162,103,675
Total offers for selling (US$) —–

The results were as follows:

If you are not receiving D.U.C.E. messages, it’s possible the receiving mail server is blocking or filtering the message before it’s delivered to your inbox. One solution is to whitelist our domain and IP ranges so that the server will allow messages through the block.
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The following .PDF is the review by RCookie of the IMF board’s publishing of Iraq’s SBA (excellent info) – He would have wanted you all to have it.. posting the whole .PDF was the only way to get it on here. Enjoy. BGG

SBA 2016 RECAP

Robert Cook  CSW  CSS  CBP  CST  CTC

Iraq:

IMF EXECUTIVE BOARD COMPLETES FIRST REVIEW IRAQ’S STAND-BY ARRANGEMENT (45 pages…)

12162016

 

CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1289.731 1289.086
British pound GBP 1518.184 1517.425
Canadian dollar CAD 871.037 870.601
Swiss franc CHF 1190.069 1189.474
Swedish krona SEK 135.157 135.089
Norwegian krone NOK 137.962 137.893
Danish krone DKK 173.363 173.276
Japanese yen JPY 10.633 10.628
Special
Drawing Rights
SDR 1620.221 1619.411

Indicative rates – 04.27.2017

http://www.cbi.iq

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

Thanks – BGG!!

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Posted in Daily Dinar Updates | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Dinar Daily NEWS Blog – April 28th

Dinar Daily NEWS Blog – April 27th

Abadi to declare Mosul ‘completely liberated’ next Saturday

Iraq’s city of Mosul will be declared ‘fully liberated’ from the clutches of ISIS terror group next Saturday, sources close to Prime Minister Haider al-Abadi said Thursday.

The Iraqi flag will be raised, and the last bullet will be fired there by Abadi himself, they added.

Few parts in the city are now under the control of ISIS. And they are about to be liberated, the sources further noted.

Nineveh provincial council member Hossam al-Abar said that the Old City of Mosul and the Grand Mosque of Nuri were the starting point of the self-styled caliphate of the terrorists, and the security forces will annihilate the terrorists at the same areas.

Few neighborhoods are remaining in the hands of ISIS, including the districts of al-Maqbara, al-Senaat, and al-Tahrir which is adjacent to 17th of July neighborhood and Street 60 completely encircled by the army’s 9th division, he added.

The official yet indicated that if the Old City of Mosul is fully liberated, the whole city will be declared free, for this area is vital for the progress of the ongoing military operation.

Also, security expert Ahmed al-Sherifi asserted that the situation is indicative of a near end of the ongoing offensive as the operation to liberate al-Hadar neighborhood is preclude to liberating Tal-Afar which paves the way for declaring the city free of the terrorists within few days.

The expert cited the visit of the parliament speaker Selim al-Jabouri on Wednesday to the right bank of the city, saying it asserts the political presence ahead of declaring victory.

The Iraqi forces, aided by the US-led coalition, have been pushing against ISIS terrorists in the right bank of Mosul since February 19th.

Read more:  http://www.dinarupdates.com/showthread.php?48511-Abadi-to-declare-Mosul-completely-liberated-next-(this)-Saturday

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World Bank expects commodity prices to rise in 2017

The World Bank forecast higher prices for industrial goods, particularly energy and minerals, in 2017 and 2018.

The bank said in a recent report on Wednesday that oil prices will hover around the level of $ 55 a barrel this year to rise to $ 60 a barrel in 2018.

As for commodity prices from natural gas and coal, the bank expects to rise 26% this year and 8% in 2018.

The report said that the rise in natural gas prices in the United States will push the price of gas globally to rise by 15% this year, while the restrictions on China’s supply will push coal prices up 6%.

Prices of commodities excluding energy, such as metals, agricultural commodities and fertilizers, are expected to grow this year as the first increase in five years.

The report also predicted steel prices to grow by 16 percent, boosted by rising demand, especially from China.

Read more:  http://www.dinarupdates.com/showthread.php?48529-World-Bank-expects-commodity-prices-to-rise-in-2017

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“FaceBook LIVE” w/Call-in from Sunday w/BGG

Click here for Video Replay (4/23)

___________________________________________________________

A Dinar Round Table Call!!
“with the whole DU Crew”
from Thurs nite – Apr 27th
Click-N-Listen!!

Smart phone user link – Click here

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OPEC Secretary General predicts market balance in the second half of 2017

Trend Press The Secretary-General of the Organization of Petroleum Exporting Countries (OPEC) predicted the balance of the global market during the second half of this year.

In a statement to Bloomberg, Mohamed Barkindo told a conference in Paris on Thursday that the organization was very satisfied with the commitment to reduce production, as well as the acceleration of demand growth for crude.

Oil producers from OPEC and abroad are due to meet on May 25 in Vienna to discuss the decision to extend the cut production agreement.

Brent crude fell 1.1 percent to $ 49.07 a barrel at 12:08 pm GMT.

Read more: http://www.dinarupdates.com/showthread.php?48530-OPEC-Secretary-General-predicts-market-balance-in-the-second-half-of-2017

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Kaperoni (Dinar Guru) –  Article:  “World Bank of Iraq: Economic reforms need to get to the head of an integrated financial system”  Quote:   “…the World Bank representatives have indicated that economic reforms represent the need to get to the head of an integrated system for the management of the financial operation of the state at the federal and local level.”   I have stated it over and over, you cannot have a market economy without the banking system first opening to the world so investors may get profits out.  That requires the CBI to get in compliance, move to Article VIII and get the dinar off the peg.  As a result, investors will bring money to Iraq through the CBI’s capital account which will allow the CBI to raise the value to offset inflationary pressure created in the economy.  First and foremost, the banking system must be activated.  Good to see the IMF and WB telling Iraq to get going.

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

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“FaceBook LIVE” session from Friday w/BGG

Click here for Video Replay (4/21)

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BGG (Dinar Guru) –    The UN Chapter 7 Charter is still in place and is not going anywhere…they’re going to do what they are going to do with their currency’s value…Chapter 7 doesn’t matter at all…all of the sanctions have been removed but the Charter is still there so that we…the U.S…can move troops around at will and that includes all other UN partner nations that matter.

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

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The IMF puts a plan for improving Iraq’s revenue from taxes

Private sector representatives discussed with a delegation from the International Monetary Fund, his approval of a loan to Iraq to pay arrears to contractors and suppliers and farmers, ways to solve this problem, given the importance of stabilizing the economy.

He asked the Deputy Head of the International Monetary Fund for the Middle East and Asia Christian jaws at the meeting in Baghdad about the possibilities that increase State revenues, including activation of taxes and those levied on non-oil products, pointing out that the tariffs were between 5 and 10 per cent, saying it’s not the right way where customs revenues, and stressed the need to change this method for up to 30 per cent.

He said that the fastest gains and revenues resulting from tax assignment unit planning, these great earnings imposed on traders.

Called JAWS to hiring freeze until the management development, because a higher proportion of staff in the civil service was a way to please the other and recruited without regard to efficiency, this system will lead to a deficit over the next 10 years.

The problem of weak banking sector and the importance of strengthening business through restructuring of Rafidain and Rasheed, and open wide space in front of the private banks with the need for calendar weaknesses and lay the foundations to combat money laundering, as a form of integrity and specialized organizations. And noted the progress made by the Office of financial supervision audit unaudited transactions.

The Economist said Ibrahim Al-Baghdadi in the intervention, Iraq began to collect tariffs in some Customs resources increased to more than 30 times, electricity collection rose 20 times, and the Ministry of electricity power companies fees collection under investment contracts, started to show positive results.

He stressed that payment will move the wheel market and address poor liquidity in markets, which affected the level of per capita income and small business.

Iraqi contractors Union President called on óäçýí, release the arrears of transactions audited by the Office of financial supervision. Contractors said 34 features a contractor, gets a large portion of their suffering at some point tax calculation, tax deduction amounts are reserved to the provinces.

Economic researcher considered Lubna Al-shammari, the reform of the banking sector gate to enter diverse investments to Iraq

Read More:  http://www.dinarupdates.com/showthread.php?48525-The-IMF-puts-a-plan-for-improving-Iraq-s-revenue-from-taxes

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Truth will ultimately prevail where there is pains to bring it to light  – George Washington

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The United Nations calls on Turkey to respect Iraq’s sovereignty

The United Nations expressed concern about strikes by Turkish forces to northern Iraq Sinjar area, inviting Turkey to respect Iraqi sovereignty.

Channel “Russia today” from the spokesperson Organization Secretary General Stephane dujaric, saying at a news conference Wednesday evening, saying “we are very concerned about this incident and express our condolences to the victims ‘ families, we understand the interest of Member States in United Nations security issues, but we remind them of their obligations under the Charter of the Organization, which demands full respect for the principles of sovereignty, territorial integrity and non-interference in the internal affairs of other States.”

Diogarik called “the Governments of Turkey and Iraq to hold consultations on all topics of concern and anxiety involved.”

The Turkish army announced that military aviation, Dawn Tuesday, RAID sites to PKK militants and affiliated organizations in Sinjar in northern Iraq and mount korgokh (Kara chowk), Northeastern Syria, he said.

The army claimed that the areas targeted by the raids turned into “nests of terrorism”, “terrorist” attacks killing and injuring civilians, soldiers and security personnel.In turn, the spokesman “protect the people” ridor Khalil Kurdish, Turkish strikes in Syria, that the outcome of the raids on mountain korgokh of 20 dead and 18 wounded.

Read more: http://www.dinarupdates.com/showthread.php?48522-The-United-Nations-calls-on-Turkey-to-respect-Iraq-s-sovereignty

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As anti-ISIS campaign grinds on, Mosul’s businesses start rebuilding

Local business owners roll up their sleeves and start the hard work of bringing life back to the city.

April 26, 2017 Mosul—Some businessmen in Mosul have begun rebuilding their shattered premises without waiting for financial support from the cash-strapped Iraqi government or for the final defeat of Islamic State in the city.

“If we wait for support, it could take a long time,” said Rafeh Ghanem, who owns an automotive spare-parts business in the eastern side of the city.

An airstrike in January reduced the two-story building that houses his shop and dozens of others to a heap of rubble and twisted steel rods.

US-backed Iraqi forces took back the eastern side of Mosul in January, after 100 days of fighting. They are now fighting Islamic State in districts lying west of the Tigris river that bisects the city.

Mr. Ghanem said he and the 25 other businesses that rent space in the building agreed to contribute funds to help the landlord clear the debris and rebuild one of the two stories.
Reconstruction started on April 11 and Ghanem hopes to return to business in three to four months.

He says waiting is of no use since the price of building materials is expected to rise as more reconstruction projects get under way, boosting demand for steel and cement.

The city, captured by IS in 2014, has suffered extensive damage as hundreds of houses and public buildings including the airport, the main railway station and the university have been destroyed.

Cement and steel prices have gone down steeply since the militants were defeated in eastern Mosul, as road connections have opened up with the rest of Iraq and Turkey, allowing supplies to resume.

A metric ton of cement used to sell for up to 350,000 Iraqi dinars ($300) after the militants took over nearly three years ago. It now costs 80,000 to 90,000, said an importer, Saif Ibrahim.

Read More:  http://www.dinarupdates.com/showthread.php?48483-As-anti-ISIS-campaign-grinds-on-Mosul-s-businesses-start-rebuilding

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Governor of the Central Bank of Iraq has made great efforts to get out of the gray area

The governor of the central bank on the Keywords, on Wednesday, that the central bank is waiting for Iraq to complete his studies on projects in order to provide funding noting that Iraq has made great efforts to get out of the gray zone in the classification of the recent Financial Action Organization.

Keywords and said in a press statement seen by “Economy News”, the central bank is waiting for the completion of Iraq for his studies on projects in order to provide funding adding that the 9 million grant to the dollar for the extraction of gas are part of the project support plan in the country

Keywords confirmed that Iraq has made great efforts to get out of the gray zone in the classification of the recent financial work organization noting that the World Bank to impose conditions on the banks of Iraq to fight money laundering

The Governor of the Central Bank explained that Iraq managed and in coordination with the US authorities to prosecute hundreds of financial transactions that are riddled with suspicions of terrorism

It is noteworthy that both the World Bank and the IMF, are carrying out a review of the program to improve the performance of the Iraqi economy, allowing Baghdad to obtain billions of dollars in loans from financial institutions and donor countries to address the liquidity crisis resulting from lower oil prices and the requirements of Daesh war.

Read More: http://www.dinarupdates.com/showthread.php?48489-Governor-of-the-Central-Bank-of-Iraq-has-made-great-efforts-to-get-out-of-the-gray-ar

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A Dinar Updates “FaceBook Live”!!
“LIVE Q&A with BGG”
From – Apr 7th
In the DU FaceBook Group!!

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

____________________________________________________________

Parliamentary Economy: Iraq looks to diversify the sources of funding the state treasury

He assured the Committee of Economy and Investment parliamentary member Jawad al-Bolani, on Wednesday that the telecommunications sector is a second source of the Iraqi state treasury after oil while suggesting the need for Iraq to investment and the exchange of experiences with the outside world

Bolani said in a statement received “Economy News”, that rational investment demand and an economic important, Iraq needs investment and the exchange of experiences with the outside world, especially since the world is now turning to a different system of interests

He said, “The investment does not mean breach of the requirements of sovereignty or national security, information security and the Ministry of Communications is responsible for it as the technical as well as the responsibility of other state institutions.”

He said al-Bolani, said that Iraq is looking forward to the development of the investment sector in the field of telecommunications which generates huge revenues for the country constitute a second source of oil after the public treasury.”

Set off on Wednesday morning, the activities of the Arab Investment Conference in information technology and communication under the title (investment in the telecommunications sector of the Arab Organization map) in the presence of political figures and a number of ambassadors of countries accredited.

Read more:  http://www.dinarupdates.com/showthread.php?48534-Parliamentary-Economy-Iraq-looks-to-diversify-the-sources-of-funding-the-state-trea

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tman23 (Dinar Guru) –  Coincidental…? You all should be very interested and excited…chatter regarding 4/21 and launching or beginning of something new with in IMF etc…Then i read this…Newshound Guru Stryker   Article: “Iraq resumes next Friday talks with the International Monetary Fund and the World Bank“.   What makes this so interesting is that everyone is meeting in Washington after they already had 12 day meeting in Amman just last month. Then I saw Legarde in an interview…will be meeting Mnunchin for the first time…Wanna know the date of the meeting …GUESS!   Friday…4/21  [post 1 of 2….stay tuned]

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

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

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

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

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______________________________________________________________

BGG (Dinar Guru) –   [Do you think that the IMF meeting with the CBI and GOI this weekend could be the GO/No Go meeting for the Revalue of Iraq’s currency?]   IMHO it looks as if all these “talks” will happen first – THEN the Executive Board will decide and vote on, what to do.  …the next few days are going to be very, very full of activity. Followed up by the IMF Executive Board.   I’m saying – the end of April… up through about the 29th – is a VERY BUSY TIME for Iraq and the world financial overseers.

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

Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars

Most of the Iraqi Central Bank steps are subject to political and legal environment of the country , especially in regard to the deletion of zeros that counted specialists in the earlier trend sensitive and dangerous may still be , but the central remains the most important institution in terms of the need to adjust the financial management in light of the financial crisis experienced by the the Iraqi economy, which must have to deal with dilemmas , whether with regard to the citizen or the work of the central bank itself.

Questions concerning important files posed (range) in this meeting , the director of the release and the Treasury in the Central Bank Aa’bas behind, and with being answered by briefly he pointed out the most important points that showed that the currency is good for circulation deposited Central has exceeded one billion and a quarter of a million dinars an amount that is not a little if they were compensated by the stored banknotes at the bank , as some believe, at the time between the printed currency size has exceeded the “11 billion and 600 million dinars, he urged citizens on the need not to keep large amounts in homes or buried in the ground , the fact that the process of replacing in the event expose Dt to burn or damage costs the central administrative and financial burdens, stressing that the counterfeit currency rate is still within the internationally accepted borders, with the central quest to carry out an information campaign to educate the public on how to distinguish between the original currency and Almzorh.oicol behind on a question about the possibility of having higher versions of a class (50000 ) dinars?

– No at present intention to issue a higher class category (50000) dinars.

* What about the subject of the deletion of zeros and the reason for the delay?

– the decision on the deletion of zeros cannot be taken in isolation from the political and legal environment in the country under conditions the security situation as a result of terrorist acts and exit from the provinces outside the control of the state for the years 2014, 2015, 2016 which prevents certainly to wait in the implementation of this project, in addition to that this must be done in coordination with all state departments and the private sector, where it should be followed by changing the paragraphs contained in the various laws, which include a reference to fines or lump – sum collection of fees, must also change the financial and statistical records in order to conform with the project process the deletion of zeros. On the other hand, the technical preparations are underway by us.

* How is the cost of the annual replacement and replacement of damaged currency?

– First , there is no substitution instead of a damaged annually, as the bank instead seeks to issue new papers for security specifications developed, so the cost is reduced in this way it is the cost of issuing new banknotes specifications better used at the same time damaged to the replacement of currency from the previous editions .

We seek to carry out an information campaign to distinguish between original and counterfeit currency

* How discovered the counterfeit currency of the size?

– The Central Bank of Iraq resorted to the use of machines to sophisticated counting and sorting which can detect counterfeit currency, in addition to banks guide using modern techniques in the currency examination, but the problem is not doing shopkeepers enough efforts to use the machines to check the currency, as the bank seeks to campaign media to sensitize the public on how to distinguish between the original currency and counterfeit currency by issuing a booklet definitions and (posters) for this purpose and will be distributed to banks in major shopping malls, and in all cases, the counterfeit currency rate is still within the internationally accepted borders , where even T ratio (0.000025) (Twenty – five million paper sheet).

* What currency damaged by fire or poor storage of citizens compensation mechanisms?

– While we hope the citizens do not keep large amounts in homes or buried in the ground, and to do instead in the deposit with the banks, as the replacement of the burnt currency process or damaged it costs the central bank financial burdens and administrative Colva unwarranted, however the bank is to receive citizens whose savings in Iraqi currency to fire accidents provided that they are documented by the civil Defense Department and be sourced from the project, either in terms of currency (buried) are sufficiency statement on the sources of these funds, and in this regard we call on citizens not to accept the mediation of any hand to Astb The Iraqi currency and that this bank does not receive any commission for its replacement.

We applied security methods with modern technology advanced counting and sorting currency

* What future plans for the central bank currency and print?

– Iraqi Central Bank seeks to keep pace with the evolution of printing currency and modern technologies both in currency printing or counting devices and sorting the currency where they are constantly adding new security features in addition to the acquisition of advanced machines counting and sorting currency, was dispensed with final counting and manual screening process.

* How much is the size of the torn currency and how much of the size of the printed currency?

– The number of banknotes unfit for circulation deposited with this bank (1,277,049,543) cash paper of various categories, where they are compensated from the stored banknotes have this bank, as the number of printed banknotes (11,615,265,154) cash paper of various categories.

Read more:  http://www.dinarupdates.com/showthread.php?48060-Dir-of-the-Issuance-Dept-of-the-Central-Bank-(range)-Printed-currency-11-Billion&p=171964#post171964

Iraqi Dinar/Dollar auction 04-27-17 (most recent listing)

Currency Auctions Announcement No. 3431

This daily currency auction was held in the Central Bank of Iraq on the 04-27-2017

DETAILS NOTES
Number of banks 34
Number of remittance companies 10
Amount sold at auction price (US$) 162,103,675
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 162,103,675
Total offers for selling (US$) —–

The results were as follows:

If you are not receiving D.U.C.E. messages, it’s possible the receiving mail server is blocking or filtering the message before it’s delivered to your inbox. One solution is to whitelist our domain and IP ranges so that the server will allow messages through the block.
Regarding the D.U.C.E. List e-mails – 
More: http://dinarupdates.com/observer/

Below is our whitelisting information. You’ll want to provide this information to your IT or website administrator and they can add it to the mail server so that future messages are delivered to your inbox… or add this info to your e-mail profile.

DinarUpdates.com Domains:
From domain – mail.vresp.com
Bounce domain – cts.vresp.com

DinarUpdates.com IP ranges:
74.116.89.0/24
74.116.91.0/24
63.251.246.0/24

____________________________________________________________

The following .PDF is the review by RCookie of the IMF board’s publishing of Iraq’s SBA (excellent info) – He would have wanted you all to have it.. posting the whole .PDF was the only way to get it on here. Enjoy. BGG

SBA 2016 RECAP

Robert Cook  CSW  CSS  CBP  CST  CTC

Iraq:

IMF EXECUTIVE BOARD COMPLETES FIRST REVIEW IRAQ’S STAND-BY ARRANGEMENT (45 pages…)

12162016

 

CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1289.731 1289.086
British pound GBP 1518.184 1517.425
Canadian dollar CAD 871.037 870.601
Swiss franc CHF 1190.069 1189.474
Swedish krona SEK 135.157 135.089
Norwegian krone NOK 137.962 137.893
Danish krone DKK 173.363 173.276
Japanese yen JPY 10.633 10.628
Special
Drawing Rights
SDR 1620.221 1619.411

Indicative rates – 04.27.2017

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 , , , , , , , , , , , , , , , , , , , , | Comments Off on Dinar Daily NEWS Blog – April 27th

Dinar Daily NEWS Blog – April 26th

The Iraqi delegation wraps up talks with the IMF amid optimism

The Iraqi delegation concluded talks with the International Monetary Fund and the World Bank within days-long spring meetings in Washington, DC.

According to a statement by the Iraqi Ministry of finance news “economy” got a copy of it, the delegation agreed with the representative of the International Monetary Fund Middle East and East Asia Christian jaws, at the end of the talks on the Iraqi side headed by Finance Minister Abdul Razzaq agency Alissa and attend the Prime Minister’s Advisor for financial affairs Mohamed Saleh appearance and a number of officials of the ministries of finance, electricity and with the participation of the Iraqi Ambassador in Washington Fred Mustafa updating meetings and joint coordination difficulties surround the financial crisis.”

The representative of the International Monetary Fund Christian nut “said optimism level understanding and progress with the Iraqi Government,” adding that “joint coordination and consultation steps will be completed in the near term will contribute to addressing the financial problems posed by war and attendant economic effects.”

Read more: http://www.dinarupdates.com/showthread.php?48462-The-Iraqi-delegation-wraps-up-talks-with-the-IMF-amid-optimism

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ابرز قرارات مجلس الوزراء بجلسته اليوم

The most prominent Council of Ministers’ decisions today

The cabinet held its regular meeting on Tuesday , April 25, 2017 , headed by Dr. Haider al – Abadi.

During the meeting , informed the Council of Ministers on the progress of the battle to liberate the right side of Nineveh in addition to the report on the preparation of the displaced and the measures taken to provide services to them.

The Cabinet also discussed the Turkish air strike , where the Council of Ministers condemned the Turkish air attack on Iraqi territory in the Sinjar area, which caused the occurrence of Iraqi victims and represent a serious violation of Iraqi sovereignty is incompatible with the provisions of international law and the principles of good neighborliness.

The Iraqi government warns Turkey to repeat this overshoot is unjustified and which could lead to escalation steps affecting the efforts of Iraq and the international community in the war against terrorism.

It was also the first vote on the draft amendment to the law of the amnesty law.

Later , the Council of Ministers Resolution No. 59 included the development of 430 degrees and careers for employees of the Wasit thermal station cabinet decided to approve the establishment of the Ministry of Finance and the development of 287 degrees and functional installation of outstanding contractors in the production, transport and distribution sectors affiliated to the Ministry of Electricity for their contribution to seamlessly in the return of power to the province of Nineveh provided that trade – offs are adhered standards.

As it has been the approval of the allocation for the purpose of completing Granaries metal project in Shatra from the contingency reserve allocations and inflicted Karbala metal silo.

There was discussion of the subject properties General Company Central Markets processors and take advantage of them were taken guidance in this regard.

It was formed as a government committee to assess the real need of the electricity consumed in the various state departments and mechanisms to stop wastage.

It was approved to secure financial liquidity to assign hospitals in the city of Basra Hospital and Medical Specialist for children and treatment of cancer diseases.

The Council adopted a decision to implement the Social Protection Act No. 11 of 2014 in the liberated provinces have also been discussed to facilitate lending to industrial, agricultural and residential projects and measures introduced the report of the Ministry of Oil to extinguish the oil wells

Read more:  http://www.dinarupdates.com/showthread.php?48460-The-most-prominent-Council-of-Ministers-decisions-today-2017-4-25

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Parliamentary Finance: Due to high oil prices, there is no need to deduct employees’ salaries

The Parliamentary Finance Committee confirmed on Wednesday that there is no need to cut salaries of employees, as approved in the general budget, in view of the high international oil prices.

Committee member Ahmed Hama said in a press statement that the decision to withhold the salaries of employees, which was decided in the general budget for the year 2016 by 3% and in 2017 has increased to 3.8% has ceased the need for it at the present time due to high global oil prices, noting that the need of cut Was due to the deterioration of oil prices in time and ceased to increase these prices today.

He added that the government can provide for the needs of the displaced and the salaries of the popular mobilization, especially after the adoption of the law of the Commission, which obliges the government to pay their dues without resorting to the deduction of salaries of employees, stressing the need not to hold the staff consequences of the subject for a longer period of the financial committee submitted the proposal to cancel after being able to Gathering a number of signatures of deputies on the subject.

It is noteworthy that the member of the Finance Committee MP Masoud Haider, announced the formation of a subcommittee to meet with Prime Minister Haider Abadi, in order to find mechanisms to improve the performance of the Ministry of Finance, pointing out that the Sub-Committee will discuss with Abadi abolish paragraph deduction of 3.8% of the salaries of employees.

Haidar said that “the Finance Committee and during its discussion of the federal budget for the fiscal year 2017, taking into account then two ideas, the submission of a supplementary budget in the event of increased imports or the placement of amounts and additional income that enter Iraq as a reserve to support the currency and retention and commitment to the existing budget of expenses.

Read more:  http://www.dinarupdates.com/member.php?47292-MadDScout

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Kaperoni (Dinar Guru) –  Article:  “World Bank of Iraq: Economic reforms need to get to the head of an integrated financial system”  Quote:   “…the World Bank representatives have indicated that economic reforms represent the need to get to the head of an integrated system for the management of the financial operation of the state at the federal and local level.”   I have stated it over and over, you cannot have a market economy without the banking system first opening to the world so investors may get profits out.  That requires the CBI to get in compliance, move to Article VIII and get the dinar off the peg.  As a result, investors will bring money to Iraq through the CBI’s capital account which will allow the CBI to raise the value to offset inflationary pressure created in the economy.  First and foremost, the banking system must be activated.  Good to see the IMF and WB telling Iraq to get going.

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

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“FaceBook LIVE” session from Friday w/BGG

Click here for Video Replay (4/21)

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BGG (Dinar Guru) –    The UN Chapter 7 Charter is still in place and is not going anywhere…they’re going to do what they are going to do with their currency’s value…Chapter 7 doesn’t matter at all…all of the sanctions have been removed but the Charter is still there so that we…the U.S…can move troops around at will and that includes all other UN partner nations that matter.

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

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International Monetary optimistic to go beyond Iraq’s financial crisis

Conclude the Iraqi delegation talks with the International Monetary Fund and the World Bank in the spring meetings , which lasted for days in Washington DC.

A statement by the Iraqi Ministry of Finance received by all of Iraq [where] a copy of it, that the delegationagreed with the representative of the International Monetary Fund for the Middle East and East Asia Christian nut, at the end of the talks , chaired by the Iraqi side, Minister of Finance Agency Abdul Razzaq al- Issa and in the presence of Prime Minister Advisor financial Affairs appearance of Mohammed Saleh and a number of finance ministries and electricity and with the participation of the Iraqi ambassador in Washington, Mustafa Farid officials to complete meetings and joint coordination to contain the difficulties of the financial crisis.

The representative of the International Monetary Fund , Christian nut according to the statement optimism about the level of understanding achieved and progress with the Iraqi government stressing that ” the steps of coordination and joint consultations will be completed in the near term will contribute to addressing the financial problems posed by the circumstances of war and its attendant economic effects

Read More:  http://www.dinarupdates.com/showthread.php?48487-International-Monetary-optimistic-to-go-beyond-Iraq-s-financial-crisis-2017-4-26

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Truth will ultimately prevail where there is pains to bring it to light  – George Washington

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South Korea is ready to cooperate with Iraq to combat corruption

The head of the Anti-Corruption and Civil Rights Commission of South Korea has expressed his willingness to cooperate with Iraq in the field of fighting corruption.

“The ambassador of the Republic of Iraq to South Korea, Wadih Hanna Betty, met the head of the Anti-Corruption and Civil Rights Organization of Korea, Song Yong-hoon, in the headquarters building in Seoul,” the foreign ministry said in a statement. And highlighting the democratic experience in Iraq and the fight against corruption, which is an important issue of the Iraqi government. ”

“Iraq views corruption as a parallel battle against terrorism, and combating it comes from the priorities of the Iraqi government after the defeat of gangs and the terror,” the ambassador said. “Iraq can benefit from the Korean experience in this area through signing a memorandum of understanding between the agency Integrity of Iraq and its Korean counterpart. ”

For his part, the head of the anti-corruption and civil rights authority of Korea, “fully agree with the ambassador’s proposals,” expressing his full readiness to cooperate with Iraq in the fight against corruption and the importance of participation of Iraqi cadres in the programs and training courses established by the Commission.

Read more: http://www.dinarupdates.com/showthread.php?48486-South-Korea-is-ready-to-cooperate-with-Iraq-to-combat-corruption

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As anti-ISIS campaign grinds on, Mosul’s businesses start rebuilding

Local business owners roll up their sleeves and start the hard work of bringing life back to the city.

April 26, 2017 Mosul—Some businessmen in Mosul have begun rebuilding their shattered premises without waiting for financial support from the cash-strapped Iraqi government or for the final defeat of Islamic State in the city.

“If we wait for support, it could take a long time,” said Rafeh Ghanem, who owns an automotive spare-parts business in the eastern side of the city.

An airstrike in January reduced the two-story building that houses his shop and dozens of others to a heap of rubble and twisted steel rods.

US-backed Iraqi forces took back the eastern side of Mosul in January, after 100 days of fighting. They are now fighting Islamic State in districts lying west of the Tigris river that bisects the city.

Mr. Ghanem said he and the 25 other businesses that rent space in the building agreed to contribute funds to help the landlord clear the debris and rebuild one of the two stories.
Reconstruction started on April 11 and Ghanem hopes to return to business in three to four months.

He says waiting is of no use since the price of building materials is expected to rise as more reconstruction projects get under way, boosting demand for steel and cement.

The city, captured by IS in 2014, has suffered extensive damage as hundreds of houses and public buildings including the airport, the main railway station and the university have been destroyed.

Cement and steel prices have gone down steeply since the militants were defeated in eastern Mosul, as road connections have opened up with the rest of Iraq and Turkey, allowing supplies to resume.

A metric ton of cement used to sell for up to 350,000 Iraqi dinars ($300) after the militants took over nearly three years ago. It now costs 80,000 to 90,000, said an importer, Saif Ibrahim.

Read More:  http://www.dinarupdates.com/showthread.php?48483-As-anti-ISIS-campaign-grinds-on-Mosul-s-businesses-start-rebuilding

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Governor of the Central Bank of Iraq has made great efforts to get out of the gray area

The governor of the central bank on the Keywords, on Wednesday, that the central bank is waiting for Iraq to complete his studies on projects in order to provide funding noting that Iraq has made great efforts to get out of the gray zone in the classification of the recent Financial Action Organization.

Keywords and said in a press statement seen by “Economy News”, the central bank is waiting for the completion of Iraq for his studies on projects in order to provide funding adding that the 9 million grant to the dollar for the extraction of gas are part of the project support plan in the country

Keywords confirmed that Iraq has made great efforts to get out of the gray zone in the classification of the recent financial work organization noting that the World Bank to impose conditions on the banks of Iraq to fight money laundering

The Governor of the Central Bank explained that Iraq managed and in coordination with the US authorities to prosecute hundreds of financial transactions that are riddled with suspicions of terrorism

It is noteworthy that both the World Bank and the IMF, are carrying out a review of the program to improve the performance of the Iraqi economy, allowing Baghdad to obtain billions of dollars in loans from financial institutions and donor countries to address the liquidity crisis resulting from lower oil prices and the requirements of Daesh war.

Read More: http://www.dinarupdates.com/showthread.php?48489-Governor-of-the-Central-Bank-of-Iraq-has-made-great-efforts-to-get-out-of-the-gray-ar

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A Dinar Updates “FaceBook Live”!!
“LIVE Q&A with BGG”
From – Apr 7th
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DayTrader, a News Researcher for DinarUpdates.com, recently had some interesting commentary.

Here are his thoughts:

Article 140 is much more complex than many realize. If you read Article 140 in the Iraq constitution, it refers to Article 58 of the Law of Administration for the State of Iraq for the Transitional Period that outlines all the steps that must be completed. This was a document constructed by Paul Bremmer to be used until a permanent constitution could be developed and ratified by Iraq. Article 58 states:

Article 58.
(A) The Iraqi Transitional Government, and especially the Iraqi Property Claims Commission and other relevant bodies, shall act expeditiously to take measures to remedy the injustice caused by the previous regime’s practices in altering the demographic character of certain regions, including Kirkuk, by deporting and expelling individuals from their places of residence, forcing migration in and out of the region, settling individuals alien to the region, depriving the inhabitants of work, and correcting nationality. To remedy this injustice, the Iraqi Transitional Government shall take the following steps:

(1) With regard to residents who were deported, expelled, or who emigrated; it shall, in accordance with the statute of the Iraqi Property Claims Commission and other measures within the law, within a reasonable period of time, restore the residents to their homes and property, or, where this is unfeasible, shall provide just compensation.

(2) With regard to the individuals newly introduced to specific regions and territories, it shall act in accordance with Article 10 of the Iraqi Property Claims Commission statute to ensure that such individuals may be resettled, may receive compensation from the state, may receive new land from the state near their residence in the governorate from which they came, or may receive compensation for the cost of moving to such areas.

(3) With regard to persons deprived of employment or other means of support in order to force migration out of their regions and territories, it shall promote new employment opportunities in the regions and territories.

(4) With regard to nationality correction, it shall repeal all relevant decrees and shall permit affected persons the right to determine their own national identity and ethnic affiliation free from coercion and duress.

(B) The previous regime also manipulated and changed administrative boundaries for political ends. The Presidency Council of the Iraqi Transitional Government shall make recommendations to the National Assembly on remedying these unjust changes in the permanent constitution. In the event the Presidency Council is unable to agree unanimously on a set of recommendations, it shall unanimously appoint a neutral arbitrator to examine the issue and make recommendations. In the event the Presidency Council is unable to agree on an arbitrator, it shall request the Secretary General of the United Nations to appoint a distinguished international person to be the arbitrator.

(C) The permanent resolution of disputed territories, including Kirkuk, shall be deferred until after these measures are completed, a fair and transparent census has been conducted and the permanent constitution has been ratified. This resolution shall be consistent with the principle of justice, taking into account the will of the people of those territories.

The challenge has always been how to implement the required changes. Those steps coupled with the fact that some of the people that Saddam Hussein forced out and those Sunnis that he brought in are no longer living. The resolution will have to involve their children, plus the process will also be challenged in identifying and finding all these families. This is not a quick fix. IMO that is why Abadi gave the responsibility to create an implementation plan to Barzani and the governor of the Kirkuk province. All of that said, I don’t believe that the implementation of Article 140 is tied to the revaluation of Iraq’s currency. I haven’t found any reference to Article 140 in any of the UN resolutions or SBA documents between the IMF, CBI and GOI.

Read more:  http://www.dinarupdates.com/showthread.php?48133-Commentary-from-DayTrader
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tman23 (Dinar Guru) –  Coincidental…? You all should be very interested and excited…chatter regarding 4/21 and launching or beginning of something new with in IMF etc…Then i read this…Newshound Guru Stryker   Article: “Iraq resumes next Friday talks with the International Monetary Fund and the World Bank“.   What makes this so interesting is that everyone is meeting in Washington after they already had 12 day meeting in Amman just last month. Then I saw Legarde in an interview…will be meeting Mnunchin for the first time…Wanna know the date of the meeting …GUESS!   Friday…4/21  [post 1 of 2….stay tuned]

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

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BGG (Dinar Guru) –   [Do you think that the IMF meeting with the CBI and GOI this weekend could be the GO/No Go meeting for the Revalue of Iraq’s currency?]   IMHO it looks as if all these “talks” will happen first – THEN the Executive Board will decide and vote on, what to do.  …the next few days are going to be very, very full of activity. Followed up by the IMF Executive Board.   I’m saying – the end of April… up through about the 29th – is a VERY BUSY TIME for Iraq and the world financial overseers.

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

Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars

Most of the Iraqi Central Bank steps are subject to political and legal environment of the country , especially in regard to the deletion of zeros that counted specialists in the earlier trend sensitive and dangerous may still be , but the central remains the most important institution in terms of the need to adjust the financial management in light of the financial crisis experienced by the the Iraqi economy, which must have to deal with dilemmas , whether with regard to the citizen or the work of the central bank itself.

Questions concerning important files posed (range) in this meeting , the director of the release and the Treasury in the Central Bank Aa’bas behind, and with being answered by briefly he pointed out the most important points that showed that the currency is good for circulation deposited Central has exceeded one billion and a quarter of a million dinars an amount that is not a little if they were compensated by the stored banknotes at the bank , as some believe, at the time between the printed currency size has exceeded the “11 billion and 600 million dinars, he urged citizens on the need not to keep large amounts in homes or buried in the ground , the fact that the process of replacing in the event expose Dt to burn or damage costs the central administrative and financial burdens, stressing that the counterfeit currency rate is still within the internationally accepted borders, with the central quest to carry out an information campaign to educate the public on how to distinguish between the original currency and Almzorh.oicol behind on a question about the possibility of having higher versions of a class (50000 ) dinars?

– No at present intention to issue a higher class category (50000) dinars.

* What about the subject of the deletion of zeros and the reason for the delay?

– the decision on the deletion of zeros cannot be taken in isolation from the political and legal environment in the country under conditions the security situation as a result of terrorist acts and exit from the provinces outside the control of the state for the years 2014, 2015, 2016 which prevents certainly to wait in the implementation of this project, in addition to that this must be done in coordination with all state departments and the private sector, where it should be followed by changing the paragraphs contained in the various laws, which include a reference to fines or lump – sum collection of fees, must also change the financial and statistical records in order to conform with the project process the deletion of zeros. On the other hand, the technical preparations are underway by us.

* How is the cost of the annual replacement and replacement of damaged currency?

– First , there is no substitution instead of a damaged annually, as the bank instead seeks to issue new papers for security specifications developed, so the cost is reduced in this way it is the cost of issuing new banknotes specifications better used at the same time damaged to the replacement of currency from the previous editions .

We seek to carry out an information campaign to distinguish between original and counterfeit currency

* How discovered the counterfeit currency of the size?

– The Central Bank of Iraq resorted to the use of machines to sophisticated counting and sorting which can detect counterfeit currency, in addition to banks guide using modern techniques in the currency examination, but the problem is not doing shopkeepers enough efforts to use the machines to check the currency, as the bank seeks to campaign media to sensitize the public on how to distinguish between the original currency and counterfeit currency by issuing a booklet definitions and (posters) for this purpose and will be distributed to banks in major shopping malls, and in all cases, the counterfeit currency rate is still within the internationally accepted borders , where even T ratio (0.000025) (Twenty – five million paper sheet).

* What currency damaged by fire or poor storage of citizens compensation mechanisms?

– While we hope the citizens do not keep large amounts in homes or buried in the ground, and to do instead in the deposit with the banks, as the replacement of the burnt currency process or damaged it costs the central bank financial burdens and administrative Colva unwarranted, however the bank is to receive citizens whose savings in Iraqi currency to fire accidents provided that they are documented by the civil Defense Department and be sourced from the project, either in terms of currency (buried) are sufficiency statement on the sources of these funds, and in this regard we call on citizens not to accept the mediation of any hand to Astb The Iraqi currency and that this bank does not receive any commission for its replacement.

We applied security methods with modern technology advanced counting and sorting currency

* What future plans for the central bank currency and print?

– Iraqi Central Bank seeks to keep pace with the evolution of printing currency and modern technologies both in currency printing or counting devices and sorting the currency where they are constantly adding new security features in addition to the acquisition of advanced machines counting and sorting currency, was dispensed with final counting and manual screening process.

* How much is the size of the torn currency and how much of the size of the printed currency?

– The number of banknotes unfit for circulation deposited with this bank (1,277,049,543) cash paper of various categories, where they are compensated from the stored banknotes have this bank, as the number of printed banknotes (11,615,265,154) cash paper of various categories.

Read more:  http://www.dinarupdates.com/showthread.php?48060-Dir-of-the-Issuance-Dept-of-the-Central-Bank-(range)-Printed-currency-11-Billion&p=171964#post171964

Iraqi Dinar/Dollar auction 04-26-17 (most recent listing)

Currency Auctions Announcement No. 3430

This daily currency auction was held in the Central Bank of Iraq on the 04-24-2017

DETAILS NOTES
Number of banks 37
Number of remittance companies 11
Amount sold at auction price (US$) 145,551,728
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 145,551,728
Total offers for selling (US$) —–

The results were as follows:

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The following .PDF is the review by RCookie of the IMF board’s publishing of Iraq’s SBA (excellent info) – He would have wanted you all to have it.. posting the whole .PDF was the only way to get it on here. Enjoy. BGG

SBA 2016 RECAP

Robert Cook  CSW  CSS  CBP  CST  CTC

Iraq:

IMF EXECUTIVE BOARD COMPLETES FIRST REVIEW IRAQ’S STAND-BY ARRANGEMENT (45 pages…)

12162016

 

CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1284.403 1283.761
British pound GBP 1517.710 1516.952
Canadian dollar CAD 877.557 877.118
Swiss franc CHF 1190.309 1189.713
Swedish krona SEK 133.560 133.494
Norwegian krone NOK 138.930 138.860
Danish krone DKK 172.658 172.571
Japanese yen JPY 10.760 10.754
Special
Drawing Rights
SDR 1620.103 1619.293

Indicative rates – 04.25.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – April 25th

البرلمان يصوت بعدم القناعة باجوبة رئيس مفوضية الانتخابات

World Bank: Iraq of the most important countries in the region and to overcome the crisis Sndamh

Baghdad balances News The World Bank said on Monday that Iraq is the most important countries in the region and will continue its support to overcome the crisis

Said World Bank Vice President for the Middle East and North Africa Hafez Ghanem during the meeting with the Iraqi delegation headed by the Minister of Finance Agency Abdul Razzaq al-Issa in the spring meetings in Washington, The World Bank is committed to Iraq to provide the financial requirements imposed by the reconstruction in the liberated areas of operations.”

He said the World Bank team that the reconstruction of those areas and accelerate the pace of implementation will establish continuous support in the light of what you need and what Tchks the Iraqi government desperately needs
In turn, the price of the Iraqi delegation, the Bank and the Fund for the position of international support of Iraq and stressed orientation of the Iraqi government and its willingness to deal with remnants of war and the development of scientific programs for the next stage start of reconstruction does not end with education systems and job creation and the development of technical skills”.

Read more: http://www.dinarupdates.com/showthread.php?48419-World-Bank-Iraq-of-the-most-important-countries-in-the-region-and-to-overcome-the-c

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US adviser: Mosul battle is relatively slow but guaranteed results

The political adviser to the US embassy in Baghdad, Gary Crabo, wrote an article on what will be the situation after the liberation of Mosul and what will be the American role in the establishment of security and stability in the long term in Iraq after that stage.

“The battle for liberating Mosul seems to be going well, but at a relatively slow pace,” says Crabo, a fellow at the Center for Middle Eastern and International Studies at the University of Denver. The actual fighting from house to house in Mosul is being handled by Iraqi troops and well-trained police and soldiers at the hands of US forces.

Armed militants on the other hand are trying desperately in various means of resistance through infiltration between the civilian population for the purpose of protection and their occupants as human shields in front of the advance of Iraqi forces.

Despite all this, the final outcome is clear: that the Da’ash organization will be expelled from Mosul and all of Iraq, but the timing of this can not be challenged exactly and without a doubt it will end with high losses on both the military and civilian sides.

But there remains a big question for Baghdad, Washington and Ankara. What is after Mosul is liberated?

Prime Minister Haider al-Abbadi made it clear that the future of Mosul is a matter for Iraq only. In the meantime, the Iraqi army and security forces have only entered the city of Mosul while the Kurdish Peshmerga forces remained outside the border and the Popular Popular factions were assigned the task of protecting the areas adjacent to Mosul from the west.

On the other hand, Turkey has sent a group of special operations forces from its army on a mission to train Kurdish and Sunni Arab soldiers, but Turkish President Recep Tayyip Erdogan said he would not allow a demographic change and disruption of the ethnic fabric of some areas of Mosul, An important part of it.

The problem now is who will rule Mosul, a city with a high percentage of Sunni Arabs with an important part of Kurdish and Turkmen minorities. However, the Iranian-backed buildup has made a significant contribution to the fight against Daqash in the Nineveh Plain area of ​​Nineveh Province. If these forces move toward Mosul as the battle develops, it will certainly not only provoke another ethnic war in Iraq, It is also likely to bring Turkish intervention and even Peshmerga forces, regardless of Iran.

One might imagine a repeat of the civil war in Iraq from 2004 to 2009 during the US occupation, which could not be pacified without a force of 140,000 US troops.

Once again, it can be proven that the American role in this situation can not be dispensed with.

The return of Mosul and the expulsion of an organization from Iraq should not be an end to the American role in Iraq. Even President Trump, who previously claimed his support and rejection of the US invasion in 2003, now admits that the withdrawal of US troops from Iraq in 2011 was wrong. Neither Iraq nor Iraq can repeat that mistake.

During his visit to Washington last month, Prime Minister Haider al-Abbadi told President Trump and even the US press that he prefers the presence of US troops in Iraq after the return of Mosul. But even if Trump agreed to this need and pledged it, he had to expect that there would be strong opposition in Iraq. Most of this opposition will come from the Shiite majority in parliament and from the leaders of the popular popular factions.

On the other hand, it is very likely that Kurds and Sunni Arabs will welcome the US presence. Here, too, the place where American diplomatic and political prowess plays a role will be a way out of this dilemma.

It is time for America and many of its European and Arab allies to start encouraging Baghdad and the various parties to establish a decentralized federalism in which the Kurds enjoy a greater autonomous autonomy and Sunni Arab autonomy on the self-rule of the Kurds today.

Even Prime Minister Abadi spoke of giving greater powers of self-rule as the only way to overcome ethnic and sectarian strife in Iraq.

But oil resources will remain a major challenge as long as most of Iraq’s oil reserves are in Kurdistan and predominantly Shiite areas. None of them will want to give up. But there may be a certain arrangement whereby Arab Kurds and Shi’ites can agree to build refineries and pipelines across Sunni Arab territories that will calm the latter and reassure him that he will not be isolated from taking advantage of the country’s natural resources.

The United States and other Western, Gulf and Asian allies may play a vital role in investing in these projects, as well as providing urgently needed assistance in rebuilding the infrastructure of cities such as Mosul.

The US military presence in these areas will help in training and arming local forces to impose security and stability and prevent any tensions, the same task that was carried out by US forces with diplomatic activity in Iraq until the withdrawal from it in 2011.
The Iraqi army will provide a service to protect all of Iraq as representing all ethnic and sectarian components and will receive assistance from the US side.

A US presence would strike a balance with the Iranians and allow Iraqi factions to decide their own future without allowing any outside force to exert influence. The US presence could also calm the Turkish and other Sunni Arab states in the region to prevent the emergence of another organization that would leave a sympathetic organization.

This solution to the Iraqi problem has been on the table since the US invasion of Iraq in 2003 and even during the British occupation of Iraq in the 1920s. It’s time to give him another chance. All other alternatives have been tried and failed. Adhering to this solution may perhaps help President Trump bring Iraq back again.

Read more:  http://www.dinarupdates.com/showthread.php?48420-US-adviser-Mosul-battle-is-relatively-slow-but-guaranteed-results

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“FaceBook LIVE” w/Call-in from Sunday w/BGG

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Oil surges after 6-day losses

Economy News Baghdad: Oil prices rebounded on Tuesday after losses of six consecutive sessions but markets are still under pressure as traders lost confidence that pledges by major producers to cut output would curb the glut of global oil supplies .

By 0640 GMT, the WTI crude futures contract rose 14 cents, or 0.3 percent, to $ 49.37 a barrel, to stay below the $ 50 level it dropped late last week. .

Brent crude was up 14 cents, or 0.27 percent, at $ 51.74 a barrel .

Brent has fallen 10 percent since late 2016, despite efforts by the Organization of the Petroleum Exporting Countries (OPEC) and Russia to cut production by 1.8 million barrels per day in the first half of this year to reduce supply in the oil market .

Russia said on Monday its oil production could jump to a 30-year high unless Opec and independent producers extended a cut production agreement beyond June 30 .

Read more:  http://www.dinarupdates.com/showthread.php?48440-Oil-surges-after-6-day-losses

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Kaperoni (Dinar Guru) –  Article:  “World Bank of Iraq: Economic reforms need to get to the head of an integrated financial system”  Quote:   “…the World Bank representatives have indicated that economic reforms represent the need to get to the head of an integrated system for the management of the financial operation of the state at the federal and local level.”   I have stated it over and over, you cannot have a market economy without the banking system first opening to the world so investors may get profits out.  That requires the CBI to get in compliance, move to Article VIII and get the dinar off the peg.  As a result, investors will bring money to Iraq through the CBI’s capital account which will allow the CBI to raise the value to offset inflationary pressure created in the economy.  First and foremost, the banking system must be activated.  Good to see the IMF and WB telling Iraq to get going.

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

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“FaceBook LIVE” session from Friday w/BGG

Click here for Video Replay (4/21)

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BGG (Dinar Guru) –    The UN Chapter 7 Charter is still in place and is not going anywhere…they’re going to do what they are going to do with their currency’s value…Chapter 7 doesn’t matter at all…all of the sanctions have been removed but the Charter is still there so that we…the U.S…can move troops around at will and that includes all other UN partner nations that matter.

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

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Kuwait ready to postpone payment of 4.6 billion dollars Iraq

Kuwait State, Tuesday, willingness to study future options to ensure the continued payment of Iraq $4.6 billion dollars in the framework of compensation for casualties of war between the two countries in 1990.

Said the Chairman of the public authority for assessment of compensation for war losses Khaled Ahmed Al-Mudhaf in a statement obtained by the news, “economy”, “the State of Kuwait reacted positively with the decision taken by the Governing Council of the United Nations Compensation Commission at its last session 81 on the second of November 2016 and encouraged both the Kuwaiti and Iraqi Governments to cooperate on future options to ensure that payment of that amount for Kuwait.”

Mudhaf pointed out that “Kuwait had supported during the special session called by the Board of Directors in December 2014 272 resolution (2014), which requested the brethren in Iraq to postpone the payment of dues payments, taking into account the difficult economic and security conditions.”

Mudhaf drew, to “adopt the Governing Council of the United Nations resolution 273 (2015) which also postponed Iraq’s international obligations to deposit five percent of compensation fund for an additional year until January 1st 2016 because of continuing security and economic conditions in Iraq.”

“The State of Kuwait has supported for the third time requested Iraq brothers at 81 on 2 November 2016, which postpones the appeals process five per cent deposit compensation fund for an additional year, until January 1 2018 because of continuing security and economic situation in Iraq.”

“Kuwait is stressing the importance of continuing the functions and role of the United Nations Compensation Commission and also stresses the importance of completing the Board of Directors for the responsibilities entrusted to it by Security Council resolutions and decisions of the United Nations Compensation Commission at the same time understands the security and economic conditions in Iraq and thus interacted positively with all previous requests for deferral by the brothers in Iraq.”

Read More: http://www.dinarupdates.com/showthread.php?48423-Kuwait-ready-to-postpone-payment-of-4-6-billion-dollars-Iraq

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When you confront a problem you begin to solve it. – Rudy Giuliani

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International Islamic Bank plans to increase its capital to 250 billion dinars

Iraq stock exchange market announced, Tuesday, that international Islamic Bank intends to increase capital of 150 billion dinars to be 250 billion dinars.

He said Iraq market for securities in a press release “the economy has received a copy of the news,” general body of international Islamic Bank to be held on the eighth day of the next month in the Bank’s headquarters to discuss a capital increase from 100 billion to 250 billion dinars under article (55/I) of the companies Act, “saying it will stop trading on the Bank’s shares as of Wednesday session encountered III next month.”

Read more:  http://www.dinarupdates.com/showthread.php?48430-International-Islamic-Bank-plans-to-increase-its-capital-to-250-billion-dinars

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The opening of the top bridge in Kirkuk, Iraq

Governor of Kirkuk opened DIN Karim, Shaheed bridge Tuesday (Commodore Circo Tikrit light) in the Hsiu sur, which is implemented by the Department of roads and bridges.

Karim said during the opening ceremony seen by “economy” news “project is the urban monuments of Kirkuk will be proud of and will facilitate movement between the cities of southern Iraq and Kirkuk via bshwan and the cities of Kurdistan even within Iran,” indicating that “the bridge carrying the martyr label Brigadier Circo accosted in Tikrit who martyred in defense of all citizens of Kirkuk and has great prestige among the citizens of Kirkuk, that fulfilment of the sacrifice of the martyr”.

He added that “the bridge is the third bridge opened in Kirkuk after the opening of the bridge that connects the rahimawa martyr military before Qasim and housing in Kirkuk and Memorial Bridge which connects the city centre to Castle market.”

Governor of Kirkuk, promised the bridge as “a link between Kirkuk and southern Iraq and Kurdistan and Iran border to activate commercial traffic and safety for all vehicle drivers and trucks and people in the region.”

He noted that “the bridge costing 12 billion dinars with a length of 300 m and two and 12 meters in height 22 m 15 astronaut work included 13 thousand cubic meters of concrete and cut the mountainous areas in the Valley of Chiyo-sur area of 20 m along approaches to the area of 800 m and the highest bridges in Iraq and completed two years.”

Read More:  http://www.dinarupdates.com/showthread.php?48432-The-opening-of-the-top-bridge-in-Kirkuk-Iraq

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Crude oil rises amid optimism about a commitment to cut output

Trend Press / Agencies Oil prices rose in European trading on Thursday, rebounding from a six-week low amid optimism that OPEC will expand its current deal with non-OPEC members to cut output beyond June in an attempt to rebalance the market.

“We expect a global agreement to cut oil supplies to be extended beyond June, supported by greater compliance by non-Opec producers,” Reuters quoted Kuwait’s Oil Minister as saying.

In November last year, the Organization of Petroleum Exporting Countries (OPEC) and other producers, including Russia, agreed to cut production by 1.8 million bpd between January and June.

A joint committee of ministers of the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC members will meet in late April to make a recommendation on the fate of the treaty. The final decision on whether to extend the deal after June will be made by the oil organization on May 25.

London Brent crude for June delivery rose 38 cents, or 0.7 percent, to $ 53.31 a barrel, after falling $ 1.96 in the previous session.

Elsewhere, crude for June delivery rose 34 cents to $ 51.18 a barrel.

Oil has continued to rise in a familiar range since the beginning of the year amid concern that a continued recovery in US shale production and an increase in US inventories could hamper the efforts of other major producers to rebalance global supply and demand for oil.

Read More:  http://www.dinarupdates.com/showthread.php?48315-Crude-oil-rises-amid-optimism-about-a-commitment-to-cut-output

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A Dinar Updates “FaceBook Live”!!
“LIVE Q&A with BGG”
From – Apr 7th
In the DU FaceBook Group!!

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

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DayTrader, a News Researcher for DinarUpdates.com, recently had some interesting commentary.

Here are his thoughts:

Article 140 is much more complex than many realize. If you read Article 140 in the Iraq constitution, it refers to Article 58 of the Law of Administration for the State of Iraq for the Transitional Period that outlines all the steps that must be completed. This was a document constructed by Paul Bremmer to be used until a permanent constitution could be developed and ratified by Iraq. Article 58 states:

Article 58.
(A) The Iraqi Transitional Government, and especially the Iraqi Property Claims Commission and other relevant bodies, shall act expeditiously to take measures to remedy the injustice caused by the previous regime’s practices in altering the demographic character of certain regions, including Kirkuk, by deporting and expelling individuals from their places of residence, forcing migration in and out of the region, settling individuals alien to the region, depriving the inhabitants of work, and correcting nationality. To remedy this injustice, the Iraqi Transitional Government shall take the following steps:

(1) With regard to residents who were deported, expelled, or who emigrated; it shall, in accordance with the statute of the Iraqi Property Claims Commission and other measures within the law, within a reasonable period of time, restore the residents to their homes and property, or, where this is unfeasible, shall provide just compensation.

(2) With regard to the individuals newly introduced to specific regions and territories, it shall act in accordance with Article 10 of the Iraqi Property Claims Commission statute to ensure that such individuals may be resettled, may receive compensation from the state, may receive new land from the state near their residence in the governorate from which they came, or may receive compensation for the cost of moving to such areas.

(3) With regard to persons deprived of employment or other means of support in order to force migration out of their regions and territories, it shall promote new employment opportunities in the regions and territories.

(4) With regard to nationality correction, it shall repeal all relevant decrees and shall permit affected persons the right to determine their own national identity and ethnic affiliation free from coercion and duress.

(B) The previous regime also manipulated and changed administrative boundaries for political ends. The Presidency Council of the Iraqi Transitional Government shall make recommendations to the National Assembly on remedying these unjust changes in the permanent constitution. In the event the Presidency Council is unable to agree unanimously on a set of recommendations, it shall unanimously appoint a neutral arbitrator to examine the issue and make recommendations. In the event the Presidency Council is unable to agree on an arbitrator, it shall request the Secretary General of the United Nations to appoint a distinguished international person to be the arbitrator.

(C) The permanent resolution of disputed territories, including Kirkuk, shall be deferred until after these measures are completed, a fair and transparent census has been conducted and the permanent constitution has been ratified. This resolution shall be consistent with the principle of justice, taking into account the will of the people of those territories.

The challenge has always been how to implement the required changes. Those steps coupled with the fact that some of the people that Saddam Hussein forced out and those Sunnis that he brought in are no longer living. The resolution will have to involve their children, plus the process will also be challenged in identifying and finding all these families. This is not a quick fix. IMO that is why Abadi gave the responsibility to create an implementation plan to Barzani and the governor of the Kirkuk province. All of that said, I don’t believe that the implementation of Article 140 is tied to the revaluation of Iraq’s currency. I haven’t found any reference to Article 140 in any of the UN resolutions or SBA documents between the IMF, CBI and GOI.

Read more:  http://www.dinarupdates.com/showthread.php?48133-Commentary-from-DayTrader
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tman23 (Dinar Guru) –  Coincidental…? You all should be very interested and excited…chatter regarding 4/21 and launching or beginning of something new with in IMF etc…Then i read this…Newshound Guru Stryker   Article: “Iraq resumes next Friday talks with the International Monetary Fund and the World Bank“.   What makes this so interesting is that everyone is meeting in Washington after they already had 12 day meeting in Amman just last month. Then I saw Legarde in an interview…will be meeting Mnunchin for the first time…Wanna know the date of the meeting …GUESS!   Friday…4/21  [post 1 of 2….stay tuned]

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

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

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

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

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BGG (Dinar Guru) –   [Do you think that the IMF meeting with the CBI and GOI this weekend could be the GO/No Go meeting for the Revalue of Iraq’s currency?]   IMHO it looks as if all these “talks” will happen first – THEN the Executive Board will decide and vote on, what to do.  …the next few days are going to be very, very full of activity. Followed up by the IMF Executive Board.   I’m saying – the end of April… up through about the 29th – is a VERY BUSY TIME for Iraq and the world financial overseers.

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

Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars

Most of the Iraqi Central Bank steps are subject to political and legal environment of the country , especially in regard to the deletion of zeros that counted specialists in the earlier trend sensitive and dangerous may still be , but the central remains the most important institution in terms of the need to adjust the financial management in light of the financial crisis experienced by the the Iraqi economy, which must have to deal with dilemmas , whether with regard to the citizen or the work of the central bank itself.

Questions concerning important files posed (range) in this meeting , the director of the release and the Treasury in the Central Bank Aa’bas behind, and with being answered by briefly he pointed out the most important points that showed that the currency is good for circulation deposited Central has exceeded one billion and a quarter of a million dinars an amount that is not a little if they were compensated by the stored banknotes at the bank , as some believe, at the time between the printed currency size has exceeded the “11 billion and 600 million dinars, he urged citizens on the need not to keep large amounts in homes or buried in the ground , the fact that the process of replacing in the event expose Dt to burn or damage costs the central administrative and financial burdens, stressing that the counterfeit currency rate is still within the internationally accepted borders, with the central quest to carry out an information campaign to educate the public on how to distinguish between the original currency and Almzorh.oicol behind on a question about the possibility of having higher versions of a class (50000 ) dinars?

– No at present intention to issue a higher class category (50000) dinars.

* What about the subject of the deletion of zeros and the reason for the delay?

– the decision on the deletion of zeros cannot be taken in isolation from the political and legal environment in the country under conditions the security situation as a result of terrorist acts and exit from the provinces outside the control of the state for the years 2014, 2015, 2016 which prevents certainly to wait in the implementation of this project, in addition to that this must be done in coordination with all state departments and the private sector, where it should be followed by changing the paragraphs contained in the various laws, which include a reference to fines or lump – sum collection of fees, must also change the financial and statistical records in order to conform with the project process the deletion of zeros. On the other hand, the technical preparations are underway by us.

* How is the cost of the annual replacement and replacement of damaged currency?

– First , there is no substitution instead of a damaged annually, as the bank instead seeks to issue new papers for security specifications developed, so the cost is reduced in this way it is the cost of issuing new banknotes specifications better used at the same time damaged to the replacement of currency from the previous editions .

We seek to carry out an information campaign to distinguish between original and counterfeit currency

* How discovered the counterfeit currency of the size?

– The Central Bank of Iraq resorted to the use of machines to sophisticated counting and sorting which can detect counterfeit currency, in addition to banks guide using modern techniques in the currency examination, but the problem is not doing shopkeepers enough efforts to use the machines to check the currency, as the bank seeks to campaign media to sensitize the public on how to distinguish between the original currency and counterfeit currency by issuing a booklet definitions and (posters) for this purpose and will be distributed to banks in major shopping malls, and in all cases, the counterfeit currency rate is still within the internationally accepted borders , where even T ratio (0.000025) (Twenty – five million paper sheet).

* What currency damaged by fire or poor storage of citizens compensation mechanisms?

– While we hope the citizens do not keep large amounts in homes or buried in the ground, and to do instead in the deposit with the banks, as the replacement of the burnt currency process or damaged it costs the central bank financial burdens and administrative Colva unwarranted, however the bank is to receive citizens whose savings in Iraqi currency to fire accidents provided that they are documented by the civil Defense Department and be sourced from the project, either in terms of currency (buried) are sufficiency statement on the sources of these funds, and in this regard we call on citizens not to accept the mediation of any hand to Astb The Iraqi currency and that this bank does not receive any commission for its replacement.

We applied security methods with modern technology advanced counting and sorting currency

* What future plans for the central bank currency and print?

– Iraqi Central Bank seeks to keep pace with the evolution of printing currency and modern technologies both in currency printing or counting devices and sorting the currency where they are constantly adding new security features in addition to the acquisition of advanced machines counting and sorting currency, was dispensed with final counting and manual screening process.

* How much is the size of the torn currency and how much of the size of the printed currency?

– The number of banknotes unfit for circulation deposited with this bank (1,277,049,543) cash paper of various categories, where they are compensated from the stored banknotes have this bank, as the number of printed banknotes (11,615,265,154) cash paper of various categories.

Read more:  http://www.dinarupdates.com/showthread.php?48060-Dir-of-the-Issuance-Dept-of-the-Central-Bank-(range)-Printed-currency-11-Billion&p=171964#post171964

Iraqi Dinar/Dollar auction 04-25-17 (most recent listing)

Currency Auctions Announcement No. 3429

This daily currency auction was held in the Central Bank of Iraq on the 04-24-2017

DETAILS NOTES
Number of banks 35
Number of remittance companies 11
Amount sold at auction price (US$) 150,855,122
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 150,855,122
Total offers for selling (US$) —–

The results were as follows:

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The following .PDF is the review by RCookie of the IMF board’s publishing of Iraq’s SBA (excellent info) – He would have wanted you all to have it.. posting the whole .PDF was the only way to get it on here. Enjoy. BGG

SBA 2016 RECAP

Robert Cook  CSW  CSS  CBP  CST  CTC

Iraq:

IMF EXECUTIVE BOARD COMPLETES FIRST REVIEW IRAQ’S STAND-BY ARRANGEMENT (45 pages…)

12162016

 

CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1284.403 1283.761
British pound GBP 1517.710 1516.952
Canadian dollar CAD 877.557 877.118
Swiss franc CHF 1190.309 1189.713
Swedish krona SEK 133.560 133.494
Norwegian krone NOK 138.930 138.860
Danish krone DKK 172.658 172.571
Japanese yen JPY 10.760 10.754
Special
Drawing Rights
SDR 1620.103 1619.293

Indicative rates – 04.25.2017

http://www.cbi.iq

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Posted in Uncategorized | Comments Off on Dinar Daily NEWS Blog – April 25th

Dinar Daily NEWS Blog – April 24th

Outlook upgrade could help push Iraq’s economic evolution to its next step

War-torn Iraq recently got an unexpected boost on its way to becoming an investment hot spot, which may take its next step sooner than conventional wisdom suggests.

Even as military forces wage a fierce offensive against ISIS, global ratings agency Fitch upgraded last month Iraq’s outlook to stable, based largely on the country’s improving public finances.

To be sure, Iraq’s B+ credit rating is still deeply entrenched in speculative, or junk territory. The low rating reflects what Fitch analysts called political risk and instability associated with the conflict-ridden country that’s “among the highest faced by any sovereign rated by Fitch.”

Yet as a marker for big institutional buyers like hedge funds and sovereign wealth arms, Fitch’s vote of confidence could mark the start of a broader shift among investors about Iraq’s long-term potential. The upgrade could be pivotal for a country still considered besieged, but considered by a handful of savvy market watchers to be a potential diamond in the rough.

“Some analysts say that investors believe that with solid oil reserves and other sectors to build upon, Iraq could have serious growth potential,” said Stephen Simonis Sr., chief currency consultant at online currency broker FXDD Global.

“Clearly this can be looked at from either side, as the willing investor will point out the huge risk/reward possibility as the upside is very enticing,” Simonis told CNBC. “The doubting investor will say the region remains too unstable and the situation remains far too volatile.”

Iraq remains a country to approach with caution, analysts say, roiled by an ISIS insurgency and civil strife. Yet Fitch’s revised outlook could be a green light for buyers of Iraq’s assets, especially at a time when smaller institutional and private investors are seeking long-term opportunities.

In fact, Iraq’s stock market has already been running with at full steam since at least last year, with investors discounting an end to a bloody conflict that’s lasted since the 2003 invasion. Some are looking ahead to the reallocation of military spending and the potential boost to infrastructure spending and economic revival.

While foreigners have been mostly absent from the equity market for the month of March, some are already looking for signs that the Fitch decision could reverse this dynamic.

“Overall, foreign interest in Iraq continues to go through a transformational change in the eyes of global institutional investors,” Ahmed Tabaqchali, chief investment officer of Asia Frontier Capitals Iraq Fund, told CNBC.

In fact, Iraq’s sovereign risk premium has narrowed in an environment of rising yields, just after the country tapped capital markets with a second $1 billion bond offering.

“It seems logical to conclude that this implies favorable interest in Iraq and that it would likely be followed by foreign direct investment and eventually by equity inflows,” Tabaqchali said.

Although Iraq joined other OPEC members in a production cut — a challenge for the country’s oil-reliant economy — some analysts believe the oil sector is managing to stay afloat in an environment of lower prices.

Read more:  http://www.cnbc.com/2017/03/30/outlook-upgrade-could-help-push-iraqs-economic-evolution-to-its-next-step.html
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The World Bank confirms its support for Iraq’s economic reforms and development through an integrated financial management system

The World Bank on Saturday confirmed its support for Iraq’s economic reforms and development through an integrated financial management system, while welcoming the steps taken by the Iraqi government in the field of resource management and the crystallization of reform visions .

The Ministry of Finance said in a statement issued on the sidelines of a joint meeting between an Iraqi delegation headed by Finance Minister Abdul Razzaq al-Issa and in the presence of Prime Minister’s Advisor appearance of Mohammed Saleh and a number of officials of the Ministry of Finance and the World Bank team and representatives in Baghdad in the spring meetings of the IMF and the World Bank in Washington, , “Appointed Iraq News” that “representatives of the World Bank indicated that economic reforms are a major necessity to reach an integrated system to manage the financial process of the state at the federal and local level .”

The ministry added that “the participants explained that the percentage of the task achieved by Iraqi institutions in this area, which gives the appropriate room for the World Bank to support the budget and reconstruction projects within the limits of time to achieve its objectives required .”

“The World Bank welcomed the steps of the Iraqi government in the field of resource management and crystallization of reform visions in coordination with international financial organizations and institutions .”

Finance Minister Abdul Razzaq al-Issa said on Friday that the World Bank has indicated its readiness to allocate nine million dollars to support the investment of associated gas in Iraq. Finished

Read more:  http://www.dinarupdates.com/showthread.php?48364-The-World-Bank-confirms-its-support-for-Iraq-s-economic-reforms-and-development-throu

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“FaceBook LIVE” w/Call-in from Sunday w/BGG

Click here for Video Replay (4/23)

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Follow us on twitter @DinarUpdates !!

follow Dinar Updates on twitter    Dinar Updates – “News Time” w/MadDScout & Facebook Crew! April 27th  –  6:30pm CST – In the DU Chat Room!!

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Image result for World Bank pictures

World Bank: Iraq one of the most important countries in the region and we will support it to overcome the crisis

The World Bank said Monday that Iraq is the most important countries of the region and to continue support to overcome the crisis.

World Bank Vice President for Middle East and North Africa, Hafez Ghanem, during his meeting with the Iraqi delegation headed by Finance Minister Abdul Razzaq agency alessa in the spring meetings in Washington, that “the World Bank is committed to Iraq to provide the financial requirements imposed by the reconstruction of the liberated areas”.

The World Bank Group said that “reconstruction of those areas and accelerate implementation steps established for continued support in light of what you need and what the Iraqi Government desperately needs to diagnose him.

The Iraqi delegation price cycle, the Bank and the Fund’s position in support of Iraq and the Iraqi Government and stressed its willingness to address the ERW and scientific programmes for the next phase of reconstruction begins and ends with systems of education, job creation and development of technical skills. ”

Read more:  http://www.dinarupdates.com/showthread.php?48379-World-Bank-Iraq-one-of-the-most-important-countries-in-the-region-and-we-will-suppor

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“FaceBook LIVE” session from Friday w/BGG

Click here for Video Replay (4/21)

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BGG (Dinar Guru) –    The UN Chapter 7 Charter is still in place and is not going anywhere…they’re going to do what they are going to do with their currency’s value…Chapter 7 doesn’t matter at all…all of the sanctions have been removed but the Charter is still there so that we…the U.S…can move troops around at will and that includes all other UN partner nations that matter.

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

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Iraq intends to sell two million barrels of oil in Dubai

Trade sources said the world oil market, that Iraq intends to sell two million barrels of Basra light crude through bidding Dubai Mercantile Exchange.

The sources said that “the Iraqi oil marketing company SOMO notified buyers of long term it plans to sell two million barrels of Basra light crude download June through a tender in Dubai.

They said it would be “the first time ever which sold raw Basra via Dubai.

“Static-oriented shipment to Asia, it will not accept any offers do not include well above the official selling price for ore Basra lightweight in June.”

Read More:  http://www.dinarupdates.com/showthread.php?48385-Iraq-intends-to-sell-two-million-barrels-of-oil-in-Dubai
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Integrity is an absolute virtue. – Cullen Hightower

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International Monetary Fund go back on his pledge to fight against economic protectionism

Drop the leaders of the International Monetary Fund and the World Bank pledge to fight trade protectionism of the final note to their meetings in the spring.

The IMF said in a statement obtained by the news that the economy “Member States” shall cooperate together in order to reduce the current account imbalances in international trade and, through appropriate policies.

This comes in while searching the Donald Trump ways to reduce trade deficits in the United States.

The Administration has threatened to impose tariffs on countries that have a trade surplus with the United States, including China and Germany under the “America first” policy that seeks to force management application. “Reciprocal trade.”

The IMF warned earlier this week that protectionist policies seriously impede efforts to improve global growth.

But us Treasury Minister Stephen mnochin said the meeting in Washington that President trump “trade agreements and believes in free trade.”

He added: “what this means is that our markets are open, and there must be reciprocal nature of other markets should be open, too.”

He called on the IMF to intensify its supervision on foreign exchange rates for Member States.

In the meantime, try the Mexican Central Bank President Agustin Carstens, who heads the Steering Committee of the International Monetary Fund, minimizing the importance of the Fund abandoned his pledge on protectionism, saying that the term “vague”.

He added: “instead of talking too much about the meaning of this concept, we were able to put this (concept) in a positive and constructive.”

The development came after she finished leading industrial Nations G20 for a two-day meeting in last March without renewing the long-standing commitment to promote free trade.

They dropped their pledge against protectionism after opposition from the United States.

Read more:  http://www.dinarupdates.com/showthread.php?48381-International-Monetary-Fund-go-back-on-his-pledge-to-fight-against-economic-protectio

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Iraq gets foreign aircraft air traffic across airspace

The Transport Ministry announced Monday, air traffic recovery for foreign aircraft over Iraq atmosphere starting next Thursday.

The Ministry statement said, “the economy news received a copy,” happy that the opening of new air routes human haemorrhage passing through our airspace for the first time in 2014 suspension unjust us FAA organization, which was considered taboo and serious international organized them into war zones. ”

He explained, “would be next Thursday is scheduled to retrieve air traffic to foreign aircraft in transit over the skies of Iraq.”

The statement said that the Ministry will set up a party to celebrate at 10 a.m. next Tuesday, at Baghdad International Airport near VIP business lounge.

Read More:  http://www.dinarupdates.com/showthread.php?48382-Iraq-gets-foreign-aircraft-air-traffic-across-airspace

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Crude oil rises amid optimism about a commitment to cut output

Trend Press / Agencies Oil prices rose in European trading on Thursday, rebounding from a six-week low amid optimism that OPEC will expand its current deal with non-OPEC members to cut output beyond June in an attempt to rebalance the market.

“We expect a global agreement to cut oil supplies to be extended beyond June, supported by greater compliance by non-Opec producers,” Reuters quoted Kuwait’s Oil Minister as saying.

In November last year, the Organization of Petroleum Exporting Countries (OPEC) and other producers, including Russia, agreed to cut production by 1.8 million bpd between January and June.

A joint committee of ministers of the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC members will meet in late April to make a recommendation on the fate of the treaty. The final decision on whether to extend the deal after June will be made by the oil organization on May 25.

London Brent crude for June delivery rose 38 cents, or 0.7 percent, to $ 53.31 a barrel, after falling $ 1.96 in the previous session.

Elsewhere, crude for June delivery rose 34 cents to $ 51.18 a barrel.

Oil has continued to rise in a familiar range since the beginning of the year amid concern that a continued recovery in US shale production and an increase in US inventories could hamper the efforts of other major producers to rebalance global supply and demand for oil.

Read More:  http://www.dinarupdates.com/showthread.php?48315-Crude-oil-rises-amid-optimism-about-a-commitment-to-cut-output

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A Dinar Updates “FaceBook Live”!!
“LIVE Q&A with BGG”
From – Apr 7th
In the DU FaceBook Group!!

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

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DayTrader, a News Researcher for DinarUpdates.com, recently had some interesting commentary.

Here are his thoughts:

Article 140 is much more complex than many realize. If you read Article 140 in the Iraq constitution, it refers to Article 58 of the Law of Administration for the State of Iraq for the Transitional Period that outlines all the steps that must be completed. This was a document constructed by Paul Bremmer to be used until a permanent constitution could be developed and ratified by Iraq. Article 58 states:

Article 58.
(A) The Iraqi Transitional Government, and especially the Iraqi Property Claims Commission and other relevant bodies, shall act expeditiously to take measures to remedy the injustice caused by the previous regime’s practices in altering the demographic character of certain regions, including Kirkuk, by deporting and expelling individuals from their places of residence, forcing migration in and out of the region, settling individuals alien to the region, depriving the inhabitants of work, and correcting nationality. To remedy this injustice, the Iraqi Transitional Government shall take the following steps:

(1) With regard to residents who were deported, expelled, or who emigrated; it shall, in accordance with the statute of the Iraqi Property Claims Commission and other measures within the law, within a reasonable period of time, restore the residents to their homes and property, or, where this is unfeasible, shall provide just compensation.

(2) With regard to the individuals newly introduced to specific regions and territories, it shall act in accordance with Article 10 of the Iraqi Property Claims Commission statute to ensure that such individuals may be resettled, may receive compensation from the state, may receive new land from the state near their residence in the governorate from which they came, or may receive compensation for the cost of moving to such areas.

(3) With regard to persons deprived of employment or other means of support in order to force migration out of their regions and territories, it shall promote new employment opportunities in the regions and territories.

(4) With regard to nationality correction, it shall repeal all relevant decrees and shall permit affected persons the right to determine their own national identity and ethnic affiliation free from coercion and duress.

(B) The previous regime also manipulated and changed administrative boundaries for political ends. The Presidency Council of the Iraqi Transitional Government shall make recommendations to the National Assembly on remedying these unjust changes in the permanent constitution. In the event the Presidency Council is unable to agree unanimously on a set of recommendations, it shall unanimously appoint a neutral arbitrator to examine the issue and make recommendations. In the event the Presidency Council is unable to agree on an arbitrator, it shall request the Secretary General of the United Nations to appoint a distinguished international person to be the arbitrator.

(C) The permanent resolution of disputed territories, including Kirkuk, shall be deferred until after these measures are completed, a fair and transparent census has been conducted and the permanent constitution has been ratified. This resolution shall be consistent with the principle of justice, taking into account the will of the people of those territories.

The challenge has always been how to implement the required changes. Those steps coupled with the fact that some of the people that Saddam Hussein forced out and those Sunnis that he brought in are no longer living. The resolution will have to involve their children, plus the process will also be challenged in identifying and finding all these families. This is not a quick fix. IMO that is why Abadi gave the responsibility to create an implementation plan to Barzani and the governor of the Kirkuk province. All of that said, I don’t believe that the implementation of Article 140 is tied to the revaluation of Iraq’s currency. I haven’t found any reference to Article 140 in any of the UN resolutions or SBA documents between the IMF, CBI and GOI.

Read more:  http://www.dinarupdates.com/showthread.php?48133-Commentary-from-DayTrader
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tman23 (Dinar Guru) –  Coincidental…? You all should be very interested and excited…chatter regarding 4/21 and launching or beginning of something new with in IMF etc…Then i read this…Newshound Guru Stryker   Article: “Iraq resumes next Friday talks with the International Monetary Fund and the World Bank“.   What makes this so interesting is that everyone is meeting in Washington after they already had 12 day meeting in Amman just last month. Then I saw Legarde in an interview…will be meeting Mnunchin for the first time…Wanna know the date of the meeting …GUESS!   Friday…4/21  [post 1 of 2….stay tuned]

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

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BGG (Dinar Guru) –   [Do you think that the IMF meeting with the CBI and GOI this weekend could be the GO/No Go meeting for the Revalue of Iraq’s currency?]   IMHO it looks as if all these “talks” will happen first – THEN the Executive Board will decide and vote on, what to do.  …the next few days are going to be very, very full of activity. Followed up by the IMF Executive Board.   I’m saying – the end of April… up through about the 29th – is a VERY BUSY TIME for Iraq and the world financial overseers.

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

Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars

Most of the Iraqi Central Bank steps are subject to political and legal environment of the country , especially in regard to the deletion of zeros that counted specialists in the earlier trend sensitive and dangerous may still be , but the central remains the most important institution in terms of the need to adjust the financial management in light of the financial crisis experienced by the the Iraqi economy, which must have to deal with dilemmas , whether with regard to the citizen or the work of the central bank itself.

Questions concerning important files posed (range) in this meeting , the director of the release and the Treasury in the Central Bank Aa’bas behind, and with being answered by briefly he pointed out the most important points that showed that the currency is good for circulation deposited Central has exceeded one billion and a quarter of a million dinars an amount that is not a little if they were compensated by the stored banknotes at the bank , as some believe, at the time between the printed currency size has exceeded the “11 billion and 600 million dinars, he urged citizens on the need not to keep large amounts in homes or buried in the ground , the fact that the process of replacing in the event expose Dt to burn or damage costs the central administrative and financial burdens, stressing that the counterfeit currency rate is still within the internationally accepted borders, with the central quest to carry out an information campaign to educate the public on how to distinguish between the original currency and Almzorh.oicol behind on a question about the possibility of having higher versions of a class (50000 ) dinars?

– No at present intention to issue a higher class category (50000) dinars.

* What about the subject of the deletion of zeros and the reason for the delay?

– the decision on the deletion of zeros cannot be taken in isolation from the political and legal environment in the country under conditions the security situation as a result of terrorist acts and exit from the provinces outside the control of the state for the years 2014, 2015, 2016 which prevents certainly to wait in the implementation of this project, in addition to that this must be done in coordination with all state departments and the private sector, where it should be followed by changing the paragraphs contained in the various laws, which include a reference to fines or lump – sum collection of fees, must also change the financial and statistical records in order to conform with the project process the deletion of zeros. On the other hand, the technical preparations are underway by us.

* How is the cost of the annual replacement and replacement of damaged currency?

– First , there is no substitution instead of a damaged annually, as the bank instead seeks to issue new papers for security specifications developed, so the cost is reduced in this way it is the cost of issuing new banknotes specifications better used at the same time damaged to the replacement of currency from the previous editions .

We seek to carry out an information campaign to distinguish between original and counterfeit currency

* How discovered the counterfeit currency of the size?

– The Central Bank of Iraq resorted to the use of machines to sophisticated counting and sorting which can detect counterfeit currency, in addition to banks guide using modern techniques in the currency examination, but the problem is not doing shopkeepers enough efforts to use the machines to check the currency, as the bank seeks to campaign media to sensitize the public on how to distinguish between the original currency and counterfeit currency by issuing a booklet definitions and (posters) for this purpose and will be distributed to banks in major shopping malls, and in all cases, the counterfeit currency rate is still within the internationally accepted borders , where even T ratio (0.000025) (Twenty – five million paper sheet).

* What currency damaged by fire or poor storage of citizens compensation mechanisms?

– While we hope the citizens do not keep large amounts in homes or buried in the ground, and to do instead in the deposit with the banks, as the replacement of the burnt currency process or damaged it costs the central bank financial burdens and administrative Colva unwarranted, however the bank is to receive citizens whose savings in Iraqi currency to fire accidents provided that they are documented by the civil Defense Department and be sourced from the project, either in terms of currency (buried) are sufficiency statement on the sources of these funds, and in this regard we call on citizens not to accept the mediation of any hand to Astb The Iraqi currency and that this bank does not receive any commission for its replacement.

We applied security methods with modern technology advanced counting and sorting currency

* What future plans for the central bank currency and print?

– Iraqi Central Bank seeks to keep pace with the evolution of printing currency and modern technologies both in currency printing or counting devices and sorting the currency where they are constantly adding new security features in addition to the acquisition of advanced machines counting and sorting currency, was dispensed with final counting and manual screening process.

* How much is the size of the torn currency and how much of the size of the printed currency?

– The number of banknotes unfit for circulation deposited with this bank (1,277,049,543) cash paper of various categories, where they are compensated from the stored banknotes have this bank, as the number of printed banknotes (11,615,265,154) cash paper of various categories.

Read more:  http://www.dinarupdates.com/showthread.php?48060-Dir-of-the-Issuance-Dept-of-the-Central-Bank-(range)-Printed-currency-11-Billion&p=171964#post171964

Iraqi Dinar/Dollar auction 04-24-17 (most recent listing)

Currency Auctions Announcement No. 3428

This daily currency auction was held in the Central Bank of Iraq on the 04-24-2017

DETAILS NOTES
Number of banks 37
Number of remittance companies 11
Amount sold at auction price (US$) 155,485,508
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 155,485,508
Total offers for selling (US$) —–

The results were as follows:

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The following .PDF is the review by RCookie of the IMF board’s publishing of Iraq’s SBA (excellent info) – He would have wanted you all to have it.. posting the whole .PDF was the only way to get it on here. Enjoy. BGG

SBA 2016 RECAP

Robert Cook  CSW  CSS  CBP  CST  CTC

Iraq:

IMF EXECUTIVE BOARD COMPLETES FIRST REVIEW IRAQ’S STAND-BY ARRANGEMENT (45 pages…)

12162016

 

CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1272.208 1271.572
British pound GBP 1515.698 1514.940
Canadian dollar CAD 878.208 877.769
Swiss franc CHF 1188.516 1187.922
Swedish krona SEK 132.364 132.298
Norwegian krone NOK 138.103 138.034
Danish krone DKK 171.039 170.953
Japanese yen JPY 10.867 10.862
Special
Drawing Rights
SDR 1616.645 1615.837

Indicative rates – 04.24.2017

http://www.cbi.iq

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