Dinar Daily NEWS Blog – April 23rd

US Defense Secretary and US Ambassador discuss support for Iraqi coalition forces

Defense Minister Irfan Mahmoud al-Hayali discussed with US Ambassador to Baghdad Douglas Silman the support of the International Coalition for Iraqi Forces and the conduct of the liberation operations of the right side of Mosul.

“Defense Minister Irfan Mahmood al-Hayali received at his office Sunday morning US Ambassador to Baghdad Douglas Silman and his accompanying delegation, and discussed during the meeting the progress of the ongoing military operations to liberate the right coast, From the city of Mosul. ”

He added, “During the meeting, emphasis was placed on providing support and support by the international coalition forces of the Iraqi armed forces, and praising the humanitarian treatment of citizens by the Iraqi forces.”

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

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

Click here for Video Replay (4/23)

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The World Bank informs Iraq of the need for economic reforms

The World Bank informed the government delegation that economic reforms are a key necessity for an integrated system to manage the state’s fiscal operation at the federal and local level.

The statement issued by the Ministry of Finance said that the World Bank’s statement came during a meeting between a team from the World Bank and its representatives in Iraq and an Iraqi delegation headed by the Minister of Finance and Agency Abdul Razzaq al-Issa and in the presence of the adviser of Prime Minister appearance of Mohammed Saleh and a number of officials of the Ministry of Finance, International conference in Washington. ”

“World Bank representatives have noted that economic reforms are a key necessity for an integrated system to manage the state’s fiscal process at the federal and local level,” the statement said.

He added that “the participants explained that the proportion of the task achieved by Iraqi institutions in this area, which gives an appropriate area for the World Bank to support the budget and reconstruction projects within the limits of time to achieve its objectives required.”

According to the statement, 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.

Read more:  http://www.dinarupdates.com/showthread.php?48373-The-World-Bank-informs-Iraq-of-the-need-for-economic-reforms

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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) –   [is the new rate inside the budget?There is no “new rate” inside the budget…in fact, one of the recent interviews with a CBI official – all but said it wouldn’t happen that way…they did give us an actual list of what was required and in what order it should occur.

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

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Abadi: Our forces liberate the cities and believe the visit of millions

Prime Minister Haider al-Abadi and his Australian counterpart Malcolm Turnbull on Sunday discussed bilateral cooperation in various fields and the conduct of the battle for the liberation of Mosul.

Abadi stressed “the importance of international support for Iraq and its continuation to the final elimination of terrorism, noting that our forces at the time liberated areas, they secured a million visit in Baghdad on the occasion of the martyrdom of Imam Musa bin Jaafar.”

For his part, Turnbull reiterated his country’s support for Iraq in the areas of training and support and the elimination of elements calling for.

Read More:  http://www.dinarupdates.com/showthread.php?48375-Abadi-Our-forces-liberate-the-cities-and-believe-the-visit-of-millions
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Well done is better than well said. – Benjamin Franklin

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الجبوري والمطلك يبحثان التسويات المرتقبة وتحسين الثقة بين الاطراف السياسية

Jubouri and al-Mutlaq discuss the upcoming settlements and improve confidence between the political parties

Search House Speaker Salim al – Jubouri, on Thursday, with the head of the National Dialogue Front Saleh al – Mutlaq, the upcoming political settlements and improve trust between the actors in the arena.

A statement by the Office of the al – Jubouri , I followed by all of Iraq [where] that “al – Jubouri and al – Mutlaq discussed in detail developments in the political situation in addition to the security file, as well as the political process and adjustments and anticipated measures to improve trust between the actors in the arena.”
The statement noted that ” the meeting touched on the progress of the legislative process and mechanisms to speed up the legislation of laws in addition to the conduct of military operations and the victories achieved by our heroine in the city of Mosul.”
He pointed to the need to seek convergence of views between the political blocs in order to achieve security and political stability in the country.”

Read more:  http://www.dinarupdates.com/showthread.php?48343-Jubouri-and-al-Mutlaq-discuss-the-upcoming-settlements-and-improve-confidence-betwee
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Iraq calls on the international community to contribute to the reconstruction of infrastructure in the liberated areas

Foreign Minister Ibrahim al-Jaafari on Saturday called on the international community to contribute to the reconstruction of infrastructure in the liberated areas after the elimination of “terrorism”.

“Foreign Minister Ibrahim al-Jaafari received the special envoy of US President Donald Trump, the international coalition to fight the defiant Brit Mkgork, and the delegation accompanying him in his office in Baghdad,” al-Jaafari’s office said in a statement.
He added that “during the meeting, they reviewed the overall security and political developments, and the great victories achieved by the Iraqis in their war against terrorist gangs and international efforts to support the security and stability of the region.”

“All Iraqis are united to defend Iraq’s sovereignty and eliminate terrorism,” Jaafari said, reiterating “the need for concerted efforts by the international community, contributing to the reconstruction of infrastructure after the eradication of terrorism, and adopting a project similar to the Marshall Plan, which contributed to building Germany after World War II “.

He pointed out “the importance of activating the strategic framework agreement signed between Baghdad and Washington, because of their significant impact on the opening of areas of joint cooperation between the two countries,” continuing that “Iraq adheres to bilateral relations with countries of the world and all neighboring countries, especially on the exchange of common interests, Common, and non-interference in internal affairs. ”

“The continued support of Iraq until the elimination of terrorist gangs,” McGowork said, praising “the efforts of the Iraqis in their war against terrorism and the diplomatic openness witnessed by Iraq’s relations with the different countries of the world.”

A US congressional delegation on Sunday (April 9, 2017), continued US support for Iraq in its war against “terrorism”.

Read More:  http://www.dinarupdates.com/showthread.php?48366-Iraq-calls-on-the-international-community-to-contribute-to-the-reconstruction\
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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!!

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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 04-20-17 (most recent listing)

Currency Auctions Announcement No. 3427

This daily currency auction was held in the Central Bank of Iraq on the 04-20-2017

DETAILS NOTES
Number of banks 37
Number of remittance companies 11
Amount sold at auction price (US$) 168,067,601
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 168,067,601
Total offers for selling (US$) —–

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 1269.840 1269.205
British pound GBP 1520.197 1519.437
Canadian dollar CAD 879.643 879.204
Swiss franc CHF 1188.278 1187.684
Swedish krona SEK 132.206 132.140
Norwegian krone NOK 138.738 138.668
Danish krone DKK 170.706 170.621
Japanese yen JPY 10.907 10.902
Special
Drawing Rights
SDR 1615.982 1615.174

Indicative rates – 04.20.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – April 22nd

Ja’afari called the strategic framework agreement activation between Baghdad and Washington.

Ibrahim Jaafari, Foreign Minister Saturday, to activate the strategic framework agreement signatory between Baghdad and Washington, stressing the need for concerted efforts by the international community and contribute to the reconstruction of underground infrastructure and the adoption of a project similar to the Marshall plan.

Jaafari’s Office said in a statement/balance of news copy, “the Foreign Minister Ibrahim Al-Jaafari, met us Special Envoy Donald Trump, the international coalition to fight ISIS Brett makghork, and his Entourage in Baghdad.”

The statement said, “the meeting was to review the overall security and political developments, and major victories which Kaha Iraq Yun in their war against gangs of ISIS, international efforts to strengthen security and stability in the region.”

And Iraq, “Jaafari said Yin all unite to defend Iraq’s sovereignty and eliminate terrorism”, stressing the need for “concerted efforts by the international community, and contribute to the reconstruction of underground infrastructure objects after the Elimination of terrorism, and the adoption of a project similar to the Marshall plan that helped rebuild Germany after World War II.

Called alhafri, to “activate the strategic framework Convention signatory between Baghdad and Washington as they have a significant impact on the open areas of mutual cooperation between the two countries.”

He continued, “that Iraq maintained bilateral relations with all countries in the world, and neighboring countries especially; based on sharing common interests and face common threats, and non-interference in internal affairs”.

For his part, makghork said, “Iraq’s continued support until the Elimination of terrorist gangs,” ISIS “Yon Iraq’s efforts in their war against terrorism, and diplomatic relations by opening Iraq objects with different countries of the world.”

Read more:  http://www.dinarupdates.com/showthread.php?48355-Ja-afari-called-the-strategic-framework-agreement-activation-between-Baghdad-and-Wash
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“FaceBook LIVE” session from Friday w/BGG

Click here for Video Replay (4/21)

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Follow us on twitter @DinarUpdates !!

follow Dinar Updates on twitterDinar Updates – “News Time” w/BGG    & Company! April 23rd  –  7:30pm CST – In the DU Chat Room!!

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Iraq and Serbia sign an agreement for the opening of air links between the two countries

The Transport Ministry announced on Friday the signing of an agreement with Serbia to open air links and give free visa between the two countries, indicating that it reinforced earlier Convention 1975 between Iraq and Yugoslavia.

The Ministry said in a statement “the economy news received a copy of it,” Transport Minister Kazim Cup Erythema signed an air service agreement with Serbian Deputy Prime Minister and Minister of construction and transport and infrastructure Zoran Mihajlovic, “stating that” the Convention will be given a chance to start organizing air traffic between the two countries. ”

Columbine statement as saying that “this agreement contains a number of important topics including open air links between Iraq and Serbia as well as granting visas to citizens of free countries,” he said, adding that “the Iraqi delegation discussed possibilities of expanding economic cooperation between Iraq and Serbia, there are great opportunities for cooperation between the two countries.”

And erythema, that “the Convention reinforced the earlier Convention signed in 1975 between Iraq and Yugoslavia,” pointing out that “Iraq is working on rehabilitation of infrastructure destroyed by terrorism, there is great potential for Serbian companies for some projects.

Read more:  http://www.dinarupdates.com/showthread.php?48331-Iraq-and-Serbia-sign-an-agreement-for-the-opening-of-air-links-between-the-two-count

BGG (Dinar Guru) –   [is the new rate inside the budget?There is no “new rate” inside the budget…in fact, one of the recent interviews with a CBI official – all but said it wouldn’t happen that way…they did give us an actual list of what was required and in what order it should occur.

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

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Central Bank: No distinction between foreign banks and Iraqi currency auction

Trend Press / Baghdad The Central Bank of Iraq denied the existence of a distinction between foreign and Iraqi banks in entering the window selling the currency “auction process”.

The director of the information office of the bank, Acer Jabbar got “Trend Press” a copy of it, “The branches of foreign banks operating in Iraq represents the main bank with all its capabilities, including capital and the Iraqi Central Bank’s demand for those branches need to provide” seventy billion dinars “What is Except operating capital and does not represent the entire capital of the Bank. ”

He added: “The entry into the window of selling foreign currency for banks operating in Iraq in general is on the criteria approved by the Central Bank of Iraq and international accounting companies are solid and available to all banks to see and therefore when some branches of foreign banks exceed these standards are excluded from entering the window either When matching the standards as is the case with all Iraqi banks will get their entitlement. ”

Jabbar denied “the existence of discrimination in dealing with the Central Bank of Iraq between banks operating in Iraq, whether foreign or Iraqi only on the basis of classification because they form part of the banking system of Iraq.”

He pointed out that “a number of Arab and foreign banks do not enter the window selling foreign currency in the first or intervention in limited quantities and the share of Iraqi banks still represent the largest proportion of sales of the dollar.

Read More:  http://www.dinarupdates.com/showthread.php?48344-Central-Bank-No-distinction-between-foreign-and-Iraqi-banks-and-currency-auction

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الجبوري والمطلك يبحثان التسويات المرتقبة وتحسين الثقة بين الاطراف السياسية

Jubouri and al-Mutlaq discuss the upcoming settlements and improve confidence between the political parties

Search House Speaker Salim al – Jubouri, on Thursday, with the head of the National Dialogue Front Saleh al – Mutlaq, the upcoming political settlements and improve trust between the actors in the arena.

A statement by the Office of the al – Jubouri , I followed by all of Iraq [where] that “al – Jubouri and al – Mutlaq discussed in detail developments in the political situation in addition to the security file, as well as the political process and adjustments and anticipated measures to improve trust between the actors in the arena.”
The statement noted that ” the meeting touched on the progress of the legislative process and mechanisms to speed up the legislation of laws in addition to the conduct of military operations and the victories achieved by our heroine in the city of Mosul.”
He pointed to the need to seek convergence of views between the political blocs in order to achieve security and political stability in the country.”

Read more:  http://www.dinarupdates.com/showthread.php?48343-Jubouri-and-al-Mutlaq-discuss-the-upcoming-settlements-and-improve-confidence-betwee

Kurdistan Region: There is “strong” coordination between the Peshmerga and the Iraqi army

Baghdad / Sky Press: Kurdistan Region President Nechervan Barzani said on Thursday that there is a “strong” coordination between the Peshmerga forces and the Iraqi army, noting that the other areas between the center and the region have not witnessed serious dialogue, pointing out that the referendum is a natural right for the people of Kurdistan.

The Kurdistan Regional Government Presidency said in a statement received by “Sky Press”, a copy of it, “The President of the Kurdistan Regional Government, Nechirvan Barzani, met today, with German Foreign Minister Ziegmar Gabriel,” indicating that “Gabriel price of the people of the Kurdistan region and Peshmerga forces to resist and defend the principles Humanitarian and protection of various components of terrorist attacks. ” According to the statement, Gabrielle stressed “the continuation of German military and humanitarian support to the Kurdistan region and the development of bilateral relations between the two sides in various fields,” adding that “dialogue is the best way to resolve outstanding problems between Baghdad and Erbil.”

For his part, Barzani said that “there is strong coordination between the Peshmerga forces and the Iraqi army, but the other areas did not see a serious dialogue,” stressing the “importance of the participation of the international community in this area.”

Barzani added that “the referendum is a natural right for the people of Kurdistan to determine their fate.” He added that “the people and the Kurdistan Regional Government and the political parties do not believe in guaranteeing their rights in the future through the use of violence, but requires that through serious dialogue and the international community can help in this regard.”

The German Foreign Minister Zgkmar Gabrielle last night to Erbil and held a meeting with the President of the Kurdistan region Massoud Barzani.

Read More:  http://www.dinarupdates.com/showthread.php?48317-Kurdistan-Region%92s-decision-most-suitable-solution-for-its-situation-German-FM-Germa

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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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Let us raise a standard to which the wise and honest can repair; the rest is in the hands of God.

George Washington

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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 04-20-17 (most recent listing)

Currency Auctions Announcement No. 3427

This daily currency auction was held in the Central Bank of Iraq on the 04-20-2017

DETAILS NOTES
Number of banks 37
Number of remittance companies 11
Amount sold at auction price (US$) 168,067,601
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 168,067,601
Total offers for selling (US$) —–

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 1269.840 1269.205
British pound GBP 1520.197 1519.437
Canadian dollar CAD 879.643 879.204
Swiss franc CHF 1188.278 1187.684
Swedish krona SEK 132.206 132.140
Norwegian krone NOK 138.738 138.668
Danish krone DKK 170.706 170.621
Japanese yen JPY 10.907 10.902
Special
Drawing Rights
SDR 1615.982 1615.174

Indicative rates – 04.20.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – April 21st

Open trade topping the IMF’s discussions in Washington.

This morning, met with senior financial officers in the world in Washington, d.c. in an effort to push the policies of the host country, which is still under development away from trade protectionism and to show broad support for open trade and integration.

According to Reuters, that lays spring meetings of the IMF and the World Bank’s 189-Member constituent members in confrontation with the agenda of President Donald Trump who spearheaded by the slogan “America first,” where they hold meetings just two blocks from the White House.

Domenico Lombardi said former IMF official who is now with the Center for international governance innovation is a Canadian research institution that these meetings will be all about Trump and the effects of his policies on the international agenda, adding that IMF Director Christine Lagarde aims to engage the new administration at the Fund’s agenda and influence the management options in various policies.

The IMF issued warnings of plans for Trump to shrink the US trade deficit through possible actions to restrict imports, saying in its latest economic forecast that trade protection policies will negatively affect global growth is gaining momentum.

And attacks the current Trump administration officials that warnings saying that other States were more protagonism trade protection of the United States, and promised to soften the financial controls that Trump was adopted in the United States the impact of the global financial crisis in 2008, and in return the IMF confirms that such action “would increase the possibility of” future financial firestorm.

So, the second-highest executive in the World Bank to manage American President Donald Trump will work to the disadvantage of her flying slogan “America first,” If the United States is to diminish the role of leadership in multilateral institutions including the World Bank.

Kristalina Georgieva, said Director General of the World Bank, to her meetings with officials of the Department of Trump so far did not reveal any desire to withdraw from multilateral institutions, adding during a forum at the beginning of the spring meetings of the IMF and the World Bank: “I didn’t hear them is never say we want.”

And proposal management Trump which is known as “meager budget to slash funding for multilateral development banks including the World Bank rose 650 million dollars over three years compared to the commitments undertaken by the previous administration of President Barack Obama.

However, the US Congress is the final decision on spending levels in the fiscal year ending October 1 (October), not the White House.

According to the budget shows that Georgieva American Administration appreciates its place in institutions.

The United States is the largest shareholder in the World Bank until now holds about 17 percent of the voting power, saying during a meeting with the Bretton Woods Committee to ignore your prestige in institutions where your voice is touching and very important is not consistent with the logo of America first. ”

World Bank financing was probably not a top priority in the new Administration’s many asserting that the Bank relies on self-financing in many respects.

She drew Georgieva, that one of the reasons that it considers will manage Trump to maintain its role in the World Bank’s work to stabilize the war-torn regions and United States interests.

Georgieva, said: “we are in Iraq and Afghanistan. We hope to be in Syria one day, these places need investments in order to stabilize. I don’t know how it could damage any of our shareholders that the world be more stable “.

Read more:  http://www.dinarupdates.com/showthread.php?48332-Open-trade-topping-the-IMF-s-discussions-in-Washington
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follow Dinar Updates on twitterDinar Updates – “Facebook Live” w/BGG    April 21st  –  8:30pm CST – In the Facebook Group!!

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Iraq and Serbia sign an agreement for the opening of air links between the two countries

The Transport Ministry announced on Friday the signing of an agreement with Serbia to open air links and give free visa between the two countries, indicating that it reinforced earlier Convention 1975 between Iraq and Yugoslavia.

The Ministry said in a statement “the economy news received a copy of it,” Transport Minister Kazim Cup Erythema signed an air service agreement with Serbian Deputy Prime Minister and Minister of construction and transport and infrastructure Zoran Mihajlovic, “stating that” the Convention will be given a chance to start organizing air traffic between the two countries. ”

Columbine statement as saying that “this agreement contains a number of important topics including open air links between Iraq and Serbia as well as granting visas to citizens of free countries,” he said, adding that “the Iraqi delegation discussed possibilities of expanding economic cooperation between Iraq and Serbia, there are great opportunities for cooperation between the two countries.”

And erythema, that “the Convention reinforced the earlier Convention signed in 1975 between Iraq and Yugoslavia,” pointing out that “Iraq is working on rehabilitation of infrastructure destroyed by terrorism, there is great potential for Serbian companies for some projects.

Read more:  http://www.dinarupdates.com/showthread.php?48331-Iraq-and-Serbia-sign-an-agreement-for-the-opening-of-air-links-between-the-two-count

BGG   Article:  “Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange rate has become 3 or 4 thousand, and perhaps more”    Article quote:  “On the prospects of floating Aldenarabraghi, similar to other countries in the region, Keywords said that it is Matrouh sealed now, and we are working on editing currency and not float, a large difference between the two”  that is a BIG ARTICLE…there won’t be any FLOAT… (no float). PERIOD.

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

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Central Bank: No distinction between foreign banks and Iraqi currency auction

Trend Press / Baghdad The Central Bank of Iraq denied the existence of a distinction between foreign and Iraqi banks in entering the window selling the currency “auction process”.

The director of the information office of the bank, Acer Jabbar got “Trend Press” a copy of it, “The branches of foreign banks operating in Iraq represents the main bank with all its capabilities, including capital and the Iraqi Central Bank’s demand for those branches need to provide” seventy billion dinars “What is Except operating capital and does not represent the entire capital of the Bank. ”

He added: “The entry into the window of selling foreign currency for banks operating in Iraq in general is on the criteria approved by the Central Bank of Iraq and international accounting companies are solid and available to all banks to see and therefore when some branches of foreign banks exceed these standards are excluded from entering the window either When matching the standards as is the case with all Iraqi banks will get their entitlement. ”

Jabbar denied “the existence of discrimination in dealing with the Central Bank of Iraq between banks operating in Iraq, whether foreign or Iraqi only on the basis of classification because they form part of the banking system of Iraq.”

He pointed out that “a number of Arab and foreign banks do not enter the window selling foreign currency in the first or intervention in limited quantities and the share of Iraqi banks still represent the largest proportion of sales of the dollar.

Read More:  http://www.dinarupdates.com/showthread.php?48344-Central-Bank-No-distinction-between-foreign-and-Iraqi-banks-and-currency-auction

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“Flash Cast LIVE” session Sunday w/BGG

Click here for Video Replay

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الجبوري والمطلك يبحثان التسويات المرتقبة وتحسين الثقة بين الاطراف السياسية

Jubouri and al-Mutlaq discuss the upcoming settlements and improve confidence between the political parties

Search House Speaker Salim al – Jubouri, on Thursday, with the head of the National Dialogue Front Saleh al – Mutlaq, the upcoming political settlements and improve trust between the actors in the arena.

A statement by the Office of the al – Jubouri , I followed by all of Iraq [where] that “al – Jubouri and al – Mutlaq discussed in detail developments in the political situation in addition to the security file, as well as the political process and adjustments and anticipated measures to improve trust between the actors in the arena.”
The statement noted that ” the meeting touched on the progress of the legislative process and mechanisms to speed up the legislation of laws in addition to the conduct of military operations and the victories achieved by our heroine in the city of Mosul.”
He pointed to the need to seek convergence of views between the political blocs in order to achieve security and political stability in the country.”

Read more:  http://www.dinarupdates.com/showthread.php?48343-Jubouri-and-al-Mutlaq-discuss-the-upcoming-settlements-and-improve-confidence-betwee

Kurdistan Region: There is “strong” coordination between the Peshmerga and the Iraqi army

Baghdad / Sky Press: Kurdistan Region President Nechervan Barzani said on Thursday that there is a “strong” coordination between the Peshmerga forces and the Iraqi army, noting that the other areas between the center and the region have not witnessed serious dialogue, pointing out that the referendum is a natural right for the people of Kurdistan.

The Kurdistan Regional Government Presidency said in a statement received by “Sky Press”, a copy of it, “The President of the Kurdistan Regional Government, Nechirvan Barzani, met today, with German Foreign Minister Ziegmar Gabriel,” indicating that “Gabriel price of the people of the Kurdistan region and Peshmerga forces to resist and defend the principles Humanitarian and protection of various components of terrorist attacks. ” According to the statement, Gabrielle stressed “the continuation of German military and humanitarian support to the Kurdistan region and the development of bilateral relations between the two sides in various fields,” adding that “dialogue is the best way to resolve outstanding problems between Baghdad and Erbil.”

For his part, Barzani said that “there is strong coordination between the Peshmerga forces and the Iraqi army, but the other areas did not see a serious dialogue,” stressing the “importance of the participation of the international community in this area.”

Barzani added that “the referendum is a natural right for the people of Kurdistan to determine their fate.” He added that “the people and the Kurdistan Regional Government and the political parties do not believe in guaranteeing their rights in the future through the use of violence, but requires that through serious dialogue and the international community can help in this regard.”

The German Foreign Minister Zgkmar Gabrielle last night to Erbil and held a meeting with the President of the Kurdistan region Massoud Barzani.

Read More:  http://www.dinarupdates.com/showthread.php?48317-Kurdistan-Region%92s-decision-most-suitable-solution-for-its-situation-German-FM-Germa

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

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Image result

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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Observe good faith and justice toward all nations. Cultivate peace and harmony with all.

George Washington

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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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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 04-20-17 (most recent listing)

Currency Auctions Announcement No. 3427

This daily currency auction was held in the Central Bank of Iraq on the 04-20-2017

DETAILS NOTES
Number of banks 37
Number of remittance companies 11
Amount sold at auction price (US$) 168,067,601
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 168,067,601
Total offers for selling (US$) —–

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 1269.840 1269.205
British pound GBP 1520.197 1519.437
Canadian dollar CAD 879.643 879.204
Swiss franc CHF 1188.278 1187.684
Swedish krona SEK 132.206 132.140
Norwegian krone NOK 138.738 138.668
Danish krone DKK 170.706 170.621
Japanese yen JPY 10.907 10.902
Special
Drawing Rights
SDR 1615.982 1615.174

Indicative rates – 04.20.2017

http://www.cbi.iq

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

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

Dinar Daily NEWS Blog – April 20th

Abadi’s adviser “Economy News”: Iraq will discuss with the IMF, the development of foreign reserves

Financial Advisor to the President of the Iraqi government, the appearance of Mohammed Saleh, on Tuesday, announced that the Iraqi delegation, which will meet with the IMF in the coming days in Washington will discuss the development of foreign reserves.

Saleh said in an exclusive interview for “Economy News”, “The Iraqi delegation will discuss with the IMF, the implementation of the financial budget for the current year and the management of public revenue and expenditure and the financing of the fiscal deficit,” adding that it “will discuss the development of foreign reserves to ensure stability.”

He explained that “the Iraqi government succeeded in achieving economic reform, which is reflected positively on the economy,” stressing that “the benefits of the International Monetary Fund loans are very few.”

The start of the Iraqi delegation headed by the Minister of Finance Agency Abdul Razzaq Al-Issa, next Friday in Washington discussions with the International Monetary Fund and the World Bank to prepare a review of the credit agreement, which included lending Iraq $ 5.4 billion to cover the deficit in the fiscal budget.

A source in the Iraqi government refused to reveal his name for “economy News”, that “an Iraqi delegation headed by the Minister of Finance Agency Abdul Razzaq al-Issa will go to the American city of Washington this week to discuss the readiness of credit agreement signed by Iraq in 2015,” noting that “the delegation meetings with the international Monetary Fund and the World Bank will begin on Friday, the next day on April 21 and lasts for three days”.

The source added that ” the delegation includes the Minister of Finance Agency Abdul Razzaq al- Issa and Central Bank Governor Ali Keywords Financial Advisor to the Prime Minister the appearance of Mohammed Saleh, and officials from the Ministry of Finance, the Ministry of Oil and the Ministry of Planning and Oil Marketing Company (SOMO), the Central Bureau of Statistics, the Central Bank of Iraq , and representatives of the Kurdistan Regional Government, and the Office of financial supervision”.

The Iraqi delegation held with the International Monetary Fund experts discussions in Amman during the period from 5 to 17 March 2017 on Article IV consultations in 2017, and the second revision of the agreement to prepare credit(SBA) with Iraq, amounting to a 36 – month, which was approved by the Executive Board of the International Monetary Fund on July 7 2016 .

It aims to prepare the credit agreement to correct the fiscal balance and the balance of the external position, and improving public financial management, while protecting social spending. The first review was complete under the standby credit agreement on 5 December 2016.

Read more:   http://www.dinarupdates.com/showthread.php?48304-Abadi-s-adviser-quot-Economy-News-quot-Iraq-will-discuss-with-the-IMF-the-development-of-f

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The central bank sets a 5% interest for the bonds of the contractors

Economy News _ Baghdad: The Central Bank of Iraq revealed on Thursday that the interest rate for contractors’ entitlements in the national bonds to be given by the Ministry of Finance will be 5%, stressing that it will not bear any error in the receivables of contractors.

The bank said in a statement received “The Economist News” a copy of it, “The Central Bank of Iraq will on behalf of the Ministry of Finance as a financial agent to pay the arrears of contractors delayed after the completion of the Federal Audit Bureau to audit those receivables,” noting that “the interest of bonds will be 5% annually The maturity period is three years. ”

He added that “the Ministry of Planning will prepare lists of names of eligible contractors and amounts owed to them and send them to the Ministry of Finance after being signed and stamped by the ministries,” pointing out that “the role of the Central Bank of Iraq is to hand over bonds to contractors and according to their entitlements based on the lists received from the ministries Financial and planning and does not bear the Central Bank of Iraq any responsibility for the validity of amounts owed to contractors. ”

Read more:   http://www.dinarupdates.com/showthread.php?48312-The-central-bank-sets-a-5-interest-for-the-bonds-of-the-contractors

BGG   Article:  “Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange rate has become 3 or 4 thousand, and perhaps more”    Article quote:  “On the prospects of floating Aldenarabraghi, similar to other countries in the region, Keywords said that it is Matrouh sealed now, and we are working on editing currency and not float, a large difference between the two”  that is a BIG ARTICLE…there won’t be any FLOAT… (no float). PERIOD.

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

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Kurdish President of the Iraqi Parliament

( OPED ) The first phase of the country will witness major changes that may not touch the essence of the political process, but will press hard. To the decisions and positions of shock after years of transformation and suffering, and the lack of seriousness in the fulfillment of promises to citizens complaining of poor performance, lack of services, and the absence of a solution to the ongoing crises, especially as everyone seemed to be unable to perform the responsibility placed on them properly.

The possibility of turning the equation in favor of changes in the distribution of positions of sovereignty that resulted from sectarian and ethnic quotas has become great, and it is not excluded that the presidency of the Republic to the Sunnis instead of the presidency of parliament, which may go to a Kurdish woman where the Kurds do not keep a similar desire to their Arab counterparts who prefer men to take up positions Supreme, which may lead to the appointment of one of the current parliament deputies from the Patriotic Union of Kurdistan, led by former President Jalal Talabani (Ala Talabani) as President of the next parliament, which is one of the most Kurdish politicians open to the Arabs and active forces in Baghdad, pal G of intransigence on issues concerning the rights of the Kurds, which also enjoys a remarkable support from Shiite forces in the National Alliance.

The efforts of the Kurdish powers to head the parliament result from dissatisfaction with the post of President of the Republic, which is symbolic but not influential in the political process, and they need to pass many laws that serve their cause, which prompts them more to demand the presidency of Parliament to be able to control the ways of legislation of laws.

Over the past years, and despite the Kurds control of their affairs in the Kurdistan region but they were having difficulty in dealing with Baghdad, especially on controversial issues, and perhaps it would be like the presidency of parliament to achieve them added sovereignty in the capital, while recognizing the difficulty that they are demanding secession from Baghdad.

Read More: http://www.dinarupdates.com/showthread.php?48325-First-News-Articles-under-the-microscope-Contact-Us-Kurdish-President-of-the-Iraqi

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Follow us on twitter @DinarUpdates !!

follow Dinar Updates on twitterDinar Updates – “NEWS TIME” w/MadDScout & the Facebook Crew – April 20th  6:30pm CST – In the DU CHAT Room!!

www.DinarUpdates.com – save as favorite

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“Flash Cast LIVE” session Sunday w/BGG

Click here for Video Replay

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US approves potential $295.6m weapons sale to Peshmerga

A Kurdish Peshmerga soldier trains with Combined Joint Task Force counterparts as part of Operation Inherent Resolve in October 2015 near Erbil. Photo: US Army
ERBIL, Kurdistan Region – The US State Department has approved a possible sale of military equipment to the Peshmerga to an estimated cost of $295.6 million.

The sale would include equipment to fully outfit two Peshmerga light infantry brigades and two support artillery battalions, a statement from the Defense Security Cooperation Agency detailed on Wednesday.

A wide range of equipment was requested for purchase, including machine guns, armoured vehicles, body armour, small arms, chemical weapon detection and protection equipment, medical equipment, MRAPs, and ambulances.

The sale would assist in the defeat of ISIS, the statement said, adding it would not “alter the basic military balance in the region.”

The sale has not been concluded as of yet.

Read more:  http://www.dinarupdates.com/showthread.php?48324-US-approves-potential-295-6m-weapons-sale-to-Peshmerga

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Kurdistan Region: There is “strong” coordination between the Peshmerga and the Iraqi army

Baghdad / Sky Press: Kurdistan Region President Nechervan Barzani said on Thursday that there is a “strong” coordination between the Peshmerga forces and the Iraqi army, noting that the other areas between the center and the region have not witnessed serious dialogue, pointing out that the referendum is a natural right for the people of Kurdistan.

The Kurdistan Regional Government Presidency said in a statement received by “Sky Press”, a copy of it, “The President of the Kurdistan Regional Government, Nechirvan Barzani, met today, with German Foreign Minister Ziegmar Gabriel,” indicating that “Gabriel price of the people of the Kurdistan region and Peshmerga forces to resist and defend the principles Humanitarian and protection of various components of terrorist attacks. ” According to the statement, Gabrielle stressed “the continuation of German military and humanitarian support to the Kurdistan region and the development of bilateral relations between the two sides in various fields,” adding that “dialogue is the best way to resolve outstanding problems between Baghdad and Erbil.”

For his part, Barzani said that “there is strong coordination between the Peshmerga forces and the Iraqi army, but the other areas did not see a serious dialogue,” stressing the “importance of the participation of the international community in this area.”

Barzani added that “the referendum is a natural right for the people of Kurdistan to determine their fate.” He added that “the people and the Kurdistan Regional Government and the political parties do not believe in guaranteeing their rights in the future through the use of violence, but requires that through serious dialogue and the international community can help in this regard.”

The German Foreign Minister Zgkmar Gabrielle last night to Erbil and held a meeting with the President of the Kurdistan region Massoud Barzani.

Read More:  http://www.dinarupdates.com/showthread.php?48317-Kurdistan-Region%92s-decision-most-suitable-solution-for-its-situation-German-FM-Germa

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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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Image result

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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Observe good faith and justice toward all nations. Cultivate peace and harmony with all.

George Washington

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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

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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 04-20-17 (most recent listing)

Currency Auctions Announcement No. 3427

This daily currency auction was held in the Central Bank of Iraq on the 04-20-2017

DETAILS NOTES
Number of banks 37
Number of remittance companies 11
Amount sold at auction price (US$) 168,067,601
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 168,067,601
Total offers for selling (US$) —–

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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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.

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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 1269.840 1269.205
British pound GBP 1520.197 1519.437
Canadian dollar CAD 879.643 879.204
Swiss franc CHF 1188.278 1187.684
Swedish krona SEK 132.206 132.140
Norwegian krone NOK 138.738 138.668
Danish krone DKK 170.706 170.621
Japanese yen JPY 10.907 10.902
Special
Drawing Rights
SDR 1615.982 1615.174

Indicative rates – 04.20.2017

http://www.cbi.iq

f 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 20th

Dinar Daily NEWS Blog – April 19th

Trump Promised Turkey’s Erdogan Close Cooperation on Syria, Iraq, PKK: Turkish Sources

ANKARA (Reuters) – U.S. President Donald Trump congratulated Turkish President Tayyip Erdogan on his referendum campaign in a phone call on Monday and vowed close cooperation on Syria, Iraq and the fight against Kurdish militants, Turkish presidential sources said.

“I value our friendship, we have many important things to do together,” Trump was quoted by the sources as saying in a statement giving a readout of the call.

Read more:   http://www.dinarupdates.com/showthread.php?48291-Trump-Promised-Turkey-s-Erdogan-Close-Cooperation-on-Syria-Iraq-PKK-Turkish-Source

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الأمم المتحدة: نزوح 493 ألف شخص من الموصل

UN: 493 thousand people displaced from Mosul

{Baghdad: Euphrates News} The United Nations announced on Monday, the displacement of about half a million people of Mosul

Lise Grande Humanitarian Coordinator of the United Nations in Iraq, in a statement that the number of civilians who continue to flee from the city of Mosul , a stunning adding that the worst hypothesis when the fighting began was the possibility of the escape of a million people from Mosul and currently stands at the number of displaced about 493 thousand.
The Ministry of Displacement and Migration, announced the first of this April, a quarter of the preparation of the displaced people have returned to Nineveh Mnatgahm.anthy

Read more:  http://www.dinarupdates.com/showthread.php?48287-UN-493-thousand-people-displaced-from-Mosul-2017-4-17

BGG   Article:  “Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange rate has become 3 or 4 thousand, and perhaps more”    Article quote:  “On the prospects of floating Aldenarabraghi, similar to other countries in the region, Keywords said that it is Matrouh sealed now, and we are working on editing currency and not float, a large difference between the two”  that is a BIG ARTICLE…there won’t be any FLOAT… (no float). PERIOD.

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

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Jubouri to Germany’s foreign minister: Iraq is on the verge of a new phase after the removal of the supporter of the terrorist

Speaker of the House of Representatives Salim al-Jubouri said that Iraq is coming to a new stage after getting rid of the terrorist and the need to stand with the international community with him, while the German Foreign Minister Sigmar Gabriel said that community reconciliation after the guerrilla stage, calling the terrorist step is important to achieve stability in Iraq.

“Jubouri received today the German Foreign Minister and his accompanying delegation and discussed with him the most prominent developments in the security and political developments in Iraq and the region, the victories achieved by the Iraqi security forces against gangs, and the means of coordination and cooperation between Iraq and the international community in order to increase military and humanitarian support. Agathia “.

“The importance of continuing international support for Iraq, especially with regard to the return of displaced people and reconstruction of areas affected by terrorism, and the role of Germany as part of the international coalition in support of Iraq.”

He pointed out that “the relations between Iraq and Germany are at a distinct stage and must be exploited all opportunities to increase bilateral cooperation in all fields, and the House of Representatives is supportive of anything that would expand the frameworks of cooperation between the two countries.”

Jubouri noted that “the House of Representatives continues to legislate important laws that are reflected on the lives of citizens daily.”

For his part, the German foreign minister said that his country is keen to continue supporting Iraq in its fight against terrorism and the importance of expanding the horizons of joint cooperation to achieve the interests of the two friendly peoples.

He pointed out that “the challenges facing Iraq are large and need to combine all internal and external efforts to overcome them.”

He pointed out that “the Iraqi parliament is doing a large and important and fruitful work, especially in light of the diversity existing in the country.”

Read More: http://www.dinarupdates.com/showthread.php?48303-Jubouri-to-Germany-s-foreign-minister-Iraq-is-on-the-verge-of-a-new-phase-after-the

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العبادي يتفقد عدد من احياء ايمن الموصل

URGENT Abadi arrives in Mosul

Arrived Prime Minister General Commander of the Armed Forces Haider al – Abadi to the city of Mosul to inspect pieces of operations are coming …
Abadi inspects several districts of Mosul, Ayman – Prime Minister Haider al – Abadi on a number of neighborhoods the right side of the city of Mosul , and met its people and listened to their problems after its liberation from the terrorist gangs Daesh .

Read more: http://www.dinarupdates.com/showthread.php?48292-URGENT-Abadi-arrives-in-Mosul

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Liberation of Tal Afar awaits a Turkish – American deal after the restoration of Mosul

تحرير تلعفر ينتظر صفقة تركية - اميركية بعد استعادة الموصل

Baghdad Prime Minister Haider al-Abadi will have to persuade the international coalition led by the United States to launch a military operation to free Tal Afar. At least, this process will not begin until the liberation of the entire city of Mosul, which is 60 kilometers away from the judiciary.

Da’ash still controls northern neighborhoods and the center of the Old City on the right coast. Joint forces face obstacles in evacuating civilians, which could prolong the fighting.

Turkman’s deputies say that the unwillingness to escalate with Turkey has prompted Prime Minister Haider al-Abadi to postpone the liberation of the Tal Afar district, which the crowd has been besieging for months.

Turkey threatened several months ago to intervene militarily if Baghdad decided to involve the crowd in liberating the mainly Turkmen city.

And failed all Iraqi attempts to force Turkey to withdraw troops stationed near Baasika more than a year ago.

American decision

“If America agrees to the military operation, Turkey will not object,” said Turkmen MP Nahla al-Hababi, who is from Tal Afar.

“The prime minister, Haider al-Abadi, must convince the international coalition to liberate Tal Afar,” al-Hababi said in an interview with Al-Mada.

The MP believes Nineveh that Washington and Ankara are strong allies in the region. “America is the one who encourages Turkey to stay in Ba’asyika, or it would have withdrawn its forces immediately from Turkey,” she said.

Habibi said that Turkey is one of the main obstacles to the liberation of the majority Turkmen city, noting that “Abbadi postponed the clash with Turkey now for Tal Afar until the liberation of Mosul.”

The Turkmen describe Turkey’s claims of protecting them as “untrue,” referring to its release of the massacres carried out by a preacher in Tal Afar 10 days after the fall of Mosul in June 2014.

“Turkey has closed the doors to the displaced, and some of them have entered diplomatic circles with them,” the Turkmen representative said.

About 200,000 people fled Tal Afar, most of them living in camps for displaced people in Najaf and Karbala.

In contrast, the Turkmen MP points out that the liberation of the city is becoming more complex. “The city will be part of the US-Russian settlement in exchange for Syria’s last battles in Raqqa,” the Turkmen official said.

So Habibi demands that Abbadi seek the interest of the country “and agree with the international coalition to regain control of Tal Afar.”

Fears of vengeance

The problem of the liberation of Tal Afar is not limited to international interventions. As Habibi says that “most of the leadership leaders are Turkmen year of Tal Afar, have carried out executions and killing against the Shiite population, so there are fears of retaliation operations Liberation “.

Over the past few months, a number of Sunni leaders have been active at home to make a decision to prevent the participation of the crowd in the battle to liberate Tal Afar. “The Iraqi army forces and the police will take over the task of liberating Tal Afar,” he said.

The MP Izz al-Din state said, after a meeting of the elders of Tal Afar with the Prime Minister in November last, “Abadi agreed to our request, and decided to send the army, the federal police, and the anti-terrorism to liberalize the judiciary.”

Noting that “Abadi asked us after liberation to form a joint force in the judiciary.”
Simultaneously with the beginning of the battle for liberation in eastern Mosul in November, the crowd began a series of operations to liberate southern Mosul to Tal Afar.

The popular crowd said it had liberated 4,400 km from Mosul to Tal Afar and cut off the road with Syria.

The 15th Iraqi Army Division joined the fighting in western Mosul, in conjunction with Abadi, on the parties involved in the liberation of Mosul.

Zero hour

The commander of the operations of Nineveh Major General Najm Jubouri that the Iraqi army forces in the 15th Division is preparing to storm the district of Tal Afar. Jubouri said in February that “the band is waiting for the command of the commander-in-chief of the armed forces to launch the military operation.”

But the military operation has not yet begun. “The military operation will not take place before the liberation of Mosul,” said Mohammed al-Bayati, head of the Ninewa Security Committee.

Al-Bayati has no explanation for the reason for the return of control over the entire Mosul, before the restoration of the predominantly Turkmen city.

“We have heard from the military leaders that the liberation of Tal Afar will be after the completion of control of the right-hand coast of Mosul,” he said.

On the other hand, there is no problem with the number of troops, according to the local official. “The popular crowd, the Tal Afar police force and the 92nd Brigade of the army, most of whom are from the city, will participate in the liberation of Tal Afar,” he said.

The crowd (the Hussein Brigade), which includes 6,000 members of Tal Afar, will be the only faction to take part in the battles.

In contrast, al-Bayati said that “more than a group of Sunni Turkmen in Tal Afar formed in the next stage, will participate in the process of liberation.”

Read More: http://www.dinarupdates.com/showthread.php?48301-Liberation-of-Tal-Afar-awaits-a-Turkish-American-deal-after-the-restoration-of-Mosu

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Resumption of oil exports from the repaired port of Basra

Military information cell said Tuesday, destroying the terrorist organization headquarters stations ISIS uses as fuel stations strike Army aviation in Mosul.

She said in a statement received cell/balance of news copy, CH4 plane March flight of the Army directed an air strike in Mosul’s Al-Ba’aj, destroying a site stores used by gangs of ISIS as a gas station to fuel their premises”.

The strike also resulted in the destruction of a site a caravan with fuel tanks used as a gas station to fill up at the same area.”.

Cell noted that “process intelligence cell information tmatastnada coming yaninoi/General Directorate of intelligence and security.”

Read More:  http://www.dinarupdates.com/showthread.php?48270-Army-aviation-is-destroying-gas-stations-in-Mosul-displayed-is-flag

 

 

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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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Observe good faith and justice toward all nations. Cultivate peace and harmony with all.

George Washington

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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

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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 04-19-17 (most recent listing)

Currency Auctions Announcement No. 3426

This daily currency auction was held in the Central Bank of Iraq on the 04-18-2017

DETAILS NOTES
Number of banks 37
Number of remittance companies 11
Amount sold at auction price (US$) 150,265,363
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 150,265,363
Total offers for selling (US$) —–

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 1264.749 1264.116
British pound GBP 1498.944 1498.195
Canadian dollar CAD 885.167 884.725
Swiss franc CHF 1181.755 1181.164
Swedish krona SEK 131.643 131.577
Norwegian krone NOK 138.842 138.772
Danish krone DKK 170.037 169.952
Japanese yen JPY 10.852 10.847
Special
Drawing Rights
SDR 1611.400 1610.595

Indicative rates – 04.19.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – April 18th

Jabouri Announces project to employ thousands of unemployed in Iraq

The speaker said Salim Jabouri, Tuesday, a lawmaker for the Government to hire thousands of unemployed graduates and others in Iraq.

Al-jibouri said during a speech at the College of the University of Diyala and Mesopotamia vassal,/balance of news/that still provide us education machine thousands of graduates each year with no clear mechanism to accommodate these numbers and invest in supporting national development which accumulated huge numbers of unemployed who are getting every year. ”

He added, “while fewer jobs stuck with our idea of government job which is less profitable than free opportunities if it is to support and develop the private sector and make it more effective and contribute to the economic life”.

Jabouri emphasized, “it is necessary that we absorb a percentage of these numbers in private sectors and the employment process should be subject to legal control to provide justice in the distribution of these opportunities away from selectivity and favoritism and personal considerations.

He noted that “the time is right to put the draft State support private employment contracts from the private sector bears the costs for wages and other specified period ending with the Government operating under clear schedules coinciding with these opportunities provide Government expansion projects and degrees of deletion, replacement and other opportunities.

Read more:  http://www.dinarupdates.com/showthread.php?48268-Jabouri-Announces-project-to-employ-thousands-of-unemployed-in-Iraq

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The arrival of us troops launch biggest attack on ISIS in Anbar

Military sources said the arrival of additional us forces into military lion base in Anbar province.

Its proved that these forces will participate in the process of restoring control over areas about weraoh and the province is under the control of organizing terrorist ISIS, noting that us troops set off overland yesterday evening from base ‘ pristine ‘, arrived today to the lion’s eye base.

The sources added that the American forces are present in the eye of the lion and the Habbaniyah base in Eastern Ramadi since ISIS to preserve 2014, counselling and information task forces of Iraqi counterparts.

It was talked about joint preparations between the international coalition and Iraqi forces to launch a major attack to restore existing zones and anah weraoh.

Read more:  http://www.dinarupdates.com/showthread.php?48274-The-arrival-of-us-troops-launch-biggest-attack-on-ISIS-in-Anbar

BGG   Article:  “Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange rate has become 3 or 4 thousand, and perhaps more”    Article quote:  “On the prospects of floating Aldenarabraghi, similar to other countries in the region, Keywords said that it is Matrouh sealed now, and we are working on editing currency and not float, a large difference between the two”  that is a BIG ARTICLE…there won’t be any FLOAT… (no float). PERIOD.

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

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Rafidain announces its readiness to cooperate with investment companies to establish residential complexes

Rafidain Bank announced its readiness to cooperate with investment companies for the purpose of establishing housing complexes in the country and granting loans to citizens to buy housing units in those projects executed by them to contribute to solving the housing crisis.

The bank’s media office said in a statement that “the investment companies to provide all the requirements of the investment project, which is intended to establish housing units and then the disclosure of the project by the general administration of the bank and make sure that there is no sign of mortgage or a reservation on the project to any party.”

He pointed out that “the bank will allocate specific branches to grant loans to citizens to buy these housing units.”

Read More: http://www.dinarupdates.com/showthread.php?48278-Rafidain-announces-its-readiness-to-cooperate-with-investment-companies-to-establish

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___________________________________________________________

“Flash Cast LIVE” session Sunday w/BGG

Click here for Video Replay

___________________________________________________________

Anbar is looking to cooperate with the world’s best companies

Baghdad / morning
continuous movement by the Anbar Investment Commission and the branch of the Union of businessmen to maintain in order to choose the means of the reconstruction of the affected areas and the advancement of the family economy in areas liberated from the grip of terrorism {Aldaasha}. Mahdi Saleh Al Noman , Chairman of Al – Anbar Investment Commission said during the gathering body meeting of the businessmen union in the province , the need for concerted efforts by all sides poured efforts in Bodqp work after the editing stage, pointing to the importance of communicating with all the economic and professional activities in order to effectively contribute to the real and in the reconstruction.

Industrial sites
vice president of business Anbar branch of the Union of Ghazi Sami al between the need for rapid and hard work in the re – opening of roads and facilitate access to the destructive industrial sites in order to re – run to eliminate unemployment and revive the economic reality, pointing out that the process of reconstruction not done properly and promising without finding a new mechanism for mobility and facilitate the entry of vehicles and technicians to those industrial projects in coordination between government bodies in the province and the security authorities detent for the land and inventory that most looted deterring or destroyed by the evil forces of terrorism that cost their owners millions Atara .

Investment attraction
secretary general business Anbar branch of the Union of Mahmoud Mehdi Hassoun said that the branch of Union investment attraction for major international companies to work in the province plan was the first of the global 3RD.GROUP company expressed through its representative in the United Arab Emirates to contribute to the reconstruction in the province, in the areas of construction hospitals, roads, bridges , residential complexes , horizontal, universities and educational complexes, and noted that the Union in Anbar will direct calls for major Arab and international investment companies and through their representatives registered in our branch in order to come to the province and to provide technical and commercial bids Its

Reconstruction
so organized a technical meeting in Anbar province , the building included Eng Khalil Ismail Ali representative of the 3rd company group consultancy Engineering LLC 3G and Director of the projects registered in the United States and its branches in the United Arab Emirates and the Hashemite Kingdom of Jordan and Saudi Arabia and he stressed the importance of attracting the audience discreet international companies in order to contribute to the reconstruction and construction appraisers the role of the companies attending to contribute to the reconstruction of the province.

The company completed giant projects to calculate the US space agency NASA (NASA) according to the latest international standards in engineering consulting or construction and processing. The company also specializes in infrastructure, roads, bridges, hospitals , residential complexes, universities , horizontal industrial and urban areas.

World – class
member of the Baghdad Economic Forum Hadi Hndas stressed the importance of cooperation with specialized international companies for their role in the implementation of the quality of world – class projects and during the assignment periods fixed in the decision of the assignment.

He noted that such companies operate according to international controls and specializes in a particular area without the other and assume all responsibilities because executing projects represent a reputation around the world, which makes them implement projects to suit the need for Iraq.

He said Iraq ‘s dire need to cooperate with such companies at present, especially in the liberated areas.

Read More: http://www.dinarupdates.com/showthread.php?48271-Anbar-is-looking-to-cooperate-with-the-world-s-best-companies

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Resumption of oil exports from the repaired port of Basra

Military information cell said Tuesday, destroying the terrorist organization headquarters stations ISIS uses as fuel stations strike Army aviation in Mosul.

She said in a statement received cell/balance of news copy, CH4 plane March flight of the Army directed an air strike in Mosul’s Al-Ba’aj, destroying a site stores used by gangs of ISIS as a gas station to fuel their premises”.

The strike also resulted in the destruction of a site a caravan with fuel tanks used as a gas station to fill up at the same area.”.

Cell noted that “process intelligence cell information tmatastnada coming yaninoi/General Directorate of intelligence and security.”

Read More:  http://www.dinarupdates.com/showthread.php?48270-Army-aviation-is-destroying-gas-stations-in-Mosul-displayed-is-flag

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Planning: no project financing term completed

Economy news Baghdad:

The planning Ministry announced, Tuesday, that there is not completed within the term funding projects to develop the country’s infrastructure, adding that the interest rate to 6% term funding projects.
He said the planning Ministry spokesman Abdul Zahra Hindawi, for “economy”, “payment method projects with very few term due to the lack of clarity of the idea in foreign companies”, noting that “the provinces of Karbala and Babylon referred draft belonging to sewer and water to foreign companies.

“The interest rate set by the Ministry of planning 6% and be as per diem amount”, noting that “the Government term finance project in 2015.”

The Iraqi Government decided in 2015 to resort to financing projects interrupted by the financial crisis across the term financing by foreign and domestic firms and not exceed the amount of $5 billion.

Read More:  http://www.dinarupdates.com/showthread.php?48267-Planning-no-project-financing-term-completed

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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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Determine that the thing can and shall be done, and then we shall find the way.

ABRAHAM LINCOLN

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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/

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BGG (Dinar Guru) –   Article:  “Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange rate has become 3 or 4 thousand, and perhaps more”    Article quote:  “On the prospects of floating Aldenarabraghi, similar to other countries in the region, Keywords said that it is Matrouh sealed now, and we are working on editing currency and not float, a large difference between the two”  that is a BIG ARTICLE…there won’t be any FLOAT… (no float). PERIOD.

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 04-18-17 (most recent listing)

Currency Auctions Announcement No. 3425

This daily currency auction was held in the Central Bank of Iraq on the 04-18-2017

DETAILS NOTES
Number of banks 37
Number of remittance companies 11
Amount sold at auction price (US$) 150,105,797
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 150,105,797
Total offers for selling (US$) —–

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 1259.776 1259.146
British pound GBP 1487.222 1486.479
Canadian dollar CAD 889.223 888.778
Swiss franc CHF 1179.635 1179.046
Swedish krona SEK 131.616 131.550
Norwegian krone NOK 138.399 138.329
Danish krone DKK 169.404 169.320
Japanese yen JPY 10.933 10.927
Special
Drawing Rights
SDR 1609.328 1608.524

Indicative rates – 04.17.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – April 17th

Restore confidence

Economy Uz_ Baghdad: Yasser mutawalli Most economists agree that the strength of the economy in any country must be accompanied by the presence of a solid banking sector is able to meet the requirements of development and investment.

This overview was still the most important requirements of international investment companies to initiate the implementation of strategic projects in the country and was one of the obstacles to attracting global investment in Iraq.

It saw the previous stage an accurate diagnosis of this case by economists who are asking them to provide a solid Anvkoa banking sector to meet the requirements of international investment companies.

Today, we see that Iraq has begun steps to reform in order to promote economic productivity and service sectors and in many important joints, but the observer notes that there are slow in achieving reform goals because of the lack of economic reform requirements, including the existence of a qualified banking sector to respond to the reform requirements – according to experts – .

What is the reason behind the lack of such a banking sector?

The main reason behind the absence of such a sector is due to the loss of confidence in banks, whether by the government or the citizen, regardless of the reasons for the lack of confidence, which has become known to everyone, but it requires the restoration of confidence in the banking sector so they can be the possibility of the implementation of economic reforms in the most important aspect of its requirements, but a banking sector is able to provide the implementation of the reform programs of the implementation of sustainable development projects.

Now, after a series of measures taken by the central bank to correct the performance of lagging banks track that, a relatively few, and in response to the banking sector overall to the requirements of the banking reform confidence returned again in this sector, the first step in restoring confidence led to a change of dealing with banks trend pattern the correct.

What is needed now restore citizen confidence in the banking sector so they can be re-treated with discreet banks, perhaps the central bank took the initiative to adopt restore confidence through several measures, including localization of salaries of employees in banks Dmanth and then work on the issue of legislation to ensure deposits of citizens in order to return the money compacta in homes to banks to invest in the implementation of development projects and thus advanced step achieved on the path of economic reforms mortgaged its success to the availability of discreet banking sector and thus can restore the confidence of international banks correspondent of Iraqi banks which is required to attract international companies To rebuild Iraq., Imad Trust of success.

Read more: http://www.dinarupdates.com/showthread.php?48226-Restore-confidence

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The Iraqi navy is discussing with the Kuwaiti army the development of military cooperation

(Baghdad: al-Furat News) Iraqi naval force commander, Brig. Gen. Ahmed Jassim Maaraj and the chief of staff of the Kuwaiti army, discussed the development of military cooperation between Iraq and Kuwait.

“The commander of the Iraqi Navy, Rear Admiral Ahmed Jassim Maarij, met with the Chief of the General Staff of the Kuwaiti Army Lieutenant General Mohammed Al-Khader, and during the meeting discussed ways to develop and enhance military cooperation between the two countries, as well as a number of files of common interest. is over.

Read more: http://www.dinarupdates.com/showthread.php?48248-The-Iraqi-navy-is-discussing-with-the-Kuwaiti-army-the-development-of-military-cooper

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BGG   […what your thoughts on that no float….I did some research and there are advantages and cons about a pegged rate. I read if theyd come out low it will help with trade but on the other hand it could raise inflation.]  Not could – will…it would start an inflationary trend that might not be easy to stop.  IMHO – it will be a “managed float” – meaning: it will look so much like a fixed rate – it might as well be fixed.

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

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BGG   Article:  “Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange rate has become 3 or 4 thousand, and perhaps more”    Article quote:  “On the prospects of floating Aldenarabraghi, similar to other countries in the region, Keywords said that it is Matrouh sealed now, and we are working on editing currency and not float, a large difference between the two”  that is a BIG ARTICLE…there won’t be any FLOAT… (no float). PERIOD.

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

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The Baghdad International Fair is due to open at its 44th session

The Ministry of Commerce announced the launch of the Baghdad International Fair in the next 44 session for a period of twelve days, the opening of this session, which was scheduled in early November coincides with the visit of the forty martyrdom of Imam Hussein peace be upon him.

Engineer Hashem Mohammed Hatem, Director General of the General Company for Exhibitions and Commercial Services of Iraq, said that the ministry has submitted the date of the 44th session of the Baghdad International Fair for a period of twelve days, to be 21-30 / 10/2017 instead of the first of next November.

Noting that the reason for the submission of the 44th session of the Baghdad International Fair, which will bear the slogan (“liberated our land and with your cooperation we build) the date coincides with the visit of the martyrdom of Imam Hussein.

Read More: http://www.dinarupdates.com/showthread.php?48250-The-Baghdad-International-Fair-is-due-to-open-at-its-44th-session

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follow Dinar Updates on twitterDinar Updates – “NEWS TIME” w/BGG & Company – April 17th  7:30pm CST – In the DU CHAT Room!!

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“Flash Cast LIVE” session Sunday w/BGG

Click here for Video Replay

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Oil is planning to build three gas processing plants

The oil Minister said Jabbar allaibi on plans to build three new plants for processing natural gas being burned in the southern oil fields and use the fuel to generate electricity and increase the nation’s income from energy exports.

Allaibi in a statement confirmed the Euphrates that Ministry is seeking to end gas flaring associated with operations over the next few years despite the economic and financial challenges.

Explaining that Iraq be forced to burn part of the gas produced along with crude oil for lack of necessary facilities for aggregated and treated as a usable fuel.

Read More: http://www.dinarupdates.com/showthread.php?48240-Oil-is-planning-to-build-three-gas-processing-plants

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Resumption of oil exports from the repaired port of Basra

Two contractors at the South Oil Company said that on Sunday completed the repair work in the dock freight at the port of Basra oil damaged by the collision of a tanker last month.

Crude exports from the port of Basra were not affected by the March 24 incident, when strong winds caused a giant crude tanker to deviate and collide with pavement number one.

The two-million-tonne tanker has been anchored at the pier since early Monday morning and carries a shipment of light crude, the company’s officials said.

Iraq, OPEC’s second-largest producer after Saudi Arabia, exports most of its crude from the southern Basra region, with port capacity estimated at 1.8 million bpd.

Read More:  http://www.dinarupdates.com/showthread.php?48243-Resumption-of-oil-exports-from-the-repaired-port-of-Basra

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Proposal to adopt a strategy to support the integrated economy

Baghdad / Hussein Thugb  The situation of the Iraqi economy is not unique in the world and can not be divided in complex to levels can not be found solutions, but there are ways to return the development train to its right, where we can employ the experiences of countries have been able to achieve rapid growth and effective in the world, Does not have the assets of Iraq of the fundamentals of economic advancement. The international economic expert Mohammed Najjar said that Iraq needs quick solutions that can change the shape of the national economy in light of the availability of data of success from natural and human resources to enhance the possibility of achieving the objectives, pointing out that the most prominent solutions to the problem of the national economy is to focus on the development of an important sector such as housing, Which in turn leads to the development of other sectors of the link to the lives of citizens, noting that the availability of good housing leads to demand better education and health services and other advanced things of life and as a result we can develop other sectors and start real development.

Architectural form
Najjar urged the need to find a sophisticated strategy for housing commensurate with Iraq’s current capabilities in the absence of central planning of this sector after the distortions caused by the process of fragmentation of homes changed the form of urban, and here must be coordination between the State and the private sector to manage this sector through the party The first is to support the investment process in the housing sector and the private sector is managing this chapter. Here, banks should be encouraged to lend to these projects and to create a real capital cycle that will lead to the withdrawal of funds from the specific project to the other project.

World Bank reports indicate hundreds of billions of dollars in Iraq do not find access to the economic process attracts these capital.

Global experiences
He pointed out that the cycle of the dollar around the world revolves around 23 times while inside Iraq continues three cycles Wicktens and this does not serve the capital cycle in this aspect, and here we can benefit from the experiences of the world where the citizen is running an exaggeration does not exhaust and here benefits the country And his personal economy through the adoption of sound mechanisms through the stock exchange or investment companies contributing.

Skilled labor
Al-Najjar added that the development of the housing sector leads to the creation of a major economic movement and provides many job opportunities for skilled and unskilled labor in this sector and in other sectors such as transport, construction materials, repair workshops, retailers and others.

Iraq needs more than 3 million housing units in all provinces, and the need for housing units increases with the increase witnessed in Iraq.

He said: “In the absence of a housing strategy to accommodate the increase in the proportion of the population, which doubles every 26 years, we can employ the experiences of other countries have developed rapidly in this area, such as Singapore and South Korea and the latest Dubai, which has managed over the past ten years to create a major economic force, I started from the urban aspect and housing, so if we want to develop we must choose a specific sector and surround it to promote its joints and preferably housing to provide raw materials and human resources.

Singapore Experience
He pointed out that the housing sector is a wealth and needs a huge amount of manpower and a large guarantees and a fortune for the person who owns the housing unit, and when we stand at the Singapore experience, we find that every citizen has a housing unit is a millionaire, for adoption of housing and urban policy taught in the world because it builds A secure economy where the value is doubled Property.

He stressed that the improvement of the housing axis of the citizen led to the desire to improve the reality of education and then health and social improvement means that it is spending for the national economy and thus achieved a major economic development in Southeast Asia, which has become crowned with trade and economic surplus in the world.
He explained that the successful experience of the Dubai Economic City was launched entirely from urban development, which led to the establishment of industrial industries and service industries including banks, health, education and all these sectors have been linked to housing.

Read More:  http://www.dinarupdates.com/showthread.php?48233-Proposal-to-adopt-a-strategy-to-support-the-integrated-economy

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Image result

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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Liberty, when it begins to take root, is a plant of rapid growth. George Washington

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Chattels (Dinar Guru) –  Isis ‘minister of war’ is killed by allied airstrike in Mosul.  The highest ranking Islamic State commander in Mosul, described as the jihadists’ minister of war, has been killed in an airstrike.

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

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BGG (Dinar Guru) –   Article:  “Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange rate has become 3 or 4 thousand, and perhaps more”    Article quote:  “On the prospects of floating Aldenarabraghi, similar to other countries in the region, Keywords said that it is Matrouh sealed now, and we are working on editing currency and not float, a large difference between the two”  that is a BIG ARTICLE…there won’t be any FLOAT… (no float). PERIOD.

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 04-17-17 (most recent listing)

Currency Auctions Announcement No. 3424

This daily currency auction was held in the Central Bank of Iraq on the 04-17-2017

DETAILS NOTES
Number of banks 37
Number of remittance companies 11
Amount sold at auction price (US$) 159,674,882
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 159,674,882
Total offers for selling (US$) —–

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 1258.592 1257.963
British pound GBP 1483.315 1482.574
Canadian dollar CAD 888.555 888.111
Swiss franc CHF 1179.048 1178.458
Swedish krona SEK 131.044 130.979
Norwegian krone NOK 137.954 137.885
Danish krone DKK 168.930 168.846
Japanese yen JPY 10.845 10.840
Special
Drawing Rights
SDR 1608.334 1607.530

Indicative rates – 04.17.2017

http://www.cbi.iq

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

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

Dinar Daily NEWS Blog – April 16th


Governor of the Central Bank: To cancel the dollar sale window, if canceled to become exchange rate 3 or 4 thousand and perhaps more??

Economy News / Special – The governor of the Central Bank of Iraq on the right to stop selling the dollar through the window selling currencies in the bank will lead to the collapse of the Iraqi dinar financial situation in Iraq in general, stressing that the central bank is obliged to carry out this task, even if reluctant to perform this role to collapse the financial situation in Iraq.

Al-Alak said in an interview with the envoy of the agency “Economy News” on the sidelines of the annual conference of the Union of Arab Banks, which was held in Beirut recently to close the window selling the dollar to become dollar exchange rate between 3 and 4 thousand dinars, and perhaps more

The governor will also be forced to cancel the window to print trillions of Iraqi dinars annually to cover the local need for dinars which will lead to the collapse of the Iraqi currency because of inflation or known as excessive cash

On the prospects of floating the Iraqi dinar like other countries in the region, said the relationship is not on the current situation, and we are working on the liberalization of the process and not float* and the difference between the big

He denied the existence of a currency auction in the Central Bank but the window of sale of foreign currency stressing that the central mediator between the Ministry of Finance and the public is nothing but

Turning to the experiences of Lebanon and Jordan, in the field of maintaining the stability of their currencies explaining that the situation in Iraq is different

He noted that the solution in Iraq lies in reducing the demand for the dollar by correcting the structure of the Iraqi economy, not by refraining from selling the dollar

The governor stressed the central bank’s efforts to settle salaries of employees in private banks, stressing the existence of a trend to settle all salaries of Iraqi employees during the next year 2017 in banks

The governor of the Central Bank welcomed any request to host the House of Representatives stressing the importance of meeting with Parliament, based on the fact that monetary policy is a specialized issue can not be addressed from afar, or through skirmishes and inaccurate analyzes.

The text of the dialogue with the governor will be published in the forthcoming issue of the Iraqi Banks Magazine issued by the Association of Iraqi Private Banks

Read More: http://www.dinarupdates.com/showthread.php?48222-Governor-of-the-Central-Bank-To-cancel-the-dollar-sale-window-if-canceled-to-becom

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Breitling (Dinar Guru) – …Think about all the numbers we’ve been watching over the years…we knew what we needed to look for…We always talked about the note count.  The note count has to be going down.  At it’s peak when I got into the dinar…it was 15 trillion dinar…NOT NOTESdinar.  The max Iraq has had is 9 Billion notes which represented about 30 trillion dinar.  So what does that mean?  If you have 1 note that’s worth 25k and one note that’s worth 10k, you can see how there are more dinar than there are notes and that’s why we need to be able to parse those numbers to understand exactly what’s going on.  But the total was 30 trillion dinar out there and they brought that number down by reducing the note count.  So what are we at today?

Read More: http://www.dinarupdates.com/observer/
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Army: 2900 IS members killed in Mosul in 4 days

Mosul (IraqiNews.com) The Iraqi army said Sunday 2900 Islamic State members were killed over the past few days in western Mosul as U.S.-backed operations continue to clear the remaining districts of the region from militants.

Sabah al-Noaman, spokesperson of the army’s elite Counter-Terrorism Service, said the announced “preliminary” toll was the result of fierce encounters between the group and Iraqi forces over the past four days at the Tenek and Abar districts, both recaptured recently by the government troops.

Iraqi government forces recaptured eastern Mosul in January, and started a new offensive in February to retake the west. The Iraqi Joint Operations Command said Thursday its forces had recaptured 60% of the western flank of Mosul from Islamic State militants.

Late March, the international coalition estimated the number of Islamic State fighters in western Mosul by at least 1000.

Battles are currently most intense around Mosul’s densely populated and narrowly structured Old City district, where police forces cautiously approach the grand mosque where IS supreme leader Abu Bakr al-Baghdadi declared the establishment of the group’s rule. While admitting that battles in the western side of Mosul proved more difficult that those in the east, Iraqi and coalition commanders said IS’s influence was receding as many top leaders were either counted dead or tracked escaping the battlefield.

Read More: http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS

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follow Dinar Updates on twitterDinar Updates – “NEWS TIME” w/BGG & Company – April 17th  7:30pm CST – In the DU CHAT Room!!

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“Flash Cast LIVE” session Sunday w/BGG

Click here for Video Replay

___________________________________________________________

Islamic State executes senior member, aides in Mosul over leaks

Mosul (IraqiNews.com) The Islamic State has executed eight of its members in Mosul, including senior security commander, over charges of leaking information to Iraqi security forces.

A local source told Alsumaria News that a firing squad from the group shot eight seven members including Abu Abdul-Rahman al-Hayali, a senior commander in charge of the group’s security detachments in western Mosul.

Islamic State’s Sharia court found the members guilty of treason, according to the source.

IS has been losing ground and personnel since Iraqi government forces, backed by a U.S-led coalition and paramilitary troops, launched an offensive in October 2016 to recapture Mosul, the group’s largest stronghold in Iraq. Operations managed to free the eastern side of the city in January and have been proceeding in the west since mid February.

Since the start of operations, the group has reportedly been ravaged with internal divisions, occasionally executing or cruelly punishing members for delinquency on the battlefield or attempting to escape fighting. Differences related to the structure of ranks and the system of command also arose from time to time, according to the reports.

IS has also executed dozens of civilians over attempting to flee areas under its control or for also collaborating with security forces.

Read More: http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS

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Central Bank unveils plan to tackle money laundering

The Governor of the Central Bank, Ali Al-Allaq, revealed on Sunday the intention of the bank to prepare a solid base to address money laundering, stressing the need for concerted domestic and international efforts in this regard.

He pointed out that the trend to prepare a sound base to address money laundering is very important and contributes to building a sound financial sector, pointing out that it is a subject of local and international attention and we are working on building sound rules by adopting international standards that regulate financial work and immunity to the banking sector and prevent money laundering.

He stressed the need to adopt sound rules using the latest technology and coordination among all concerned parties to control these diseases and prevent their spread through a road map to be put in place to coordinate the work between all parties, and there are legal regulations to draw the correct courses of action,And expanding the circle of knowledge on this side.

Al-Alaq stressed that the Central Bank has made a great move on this aspect and provided basic and advanced work rules in this important chapter and a development has taken place in this regard during the last period and formed banks specialized units in this regard to undermine the opportunities of these crimes.

The process of money laundering means collecting funds from illegal black sources and introducing them into the economic cycle and removing them as clean money free from economic suspicions.

Read More: http://www.dinarupdates.com/showthread.php?48228-Central-Bank-unveils-plan-to-tackle-money-laundering

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International Energy: The oil market is nearing equilibrium

Trend Press / Agencies The International Energy Agency (IEA) said on Thursday that the world oil market is nearing a return to equilibrium after nearly three years of oversupply, with output cuts by major exporters offsetting the long-term decline in rich countries.

The Organization for Economic Co-operation and Development (OECD) said crude oil inventories fell 17.2 million barrels in March, while the first three months of the year increased by 38.5 million barrels or 425,000 bpd.

“It can be said with confidence that the market is very close to the balance already, and with more data, it will become clearer,” the Paris-based agency said. A second half “of the year is” interesting “.

Total crude inventories in OECD countries fell 8.1 million barrels in February to 3.055 billion barrels, to stay above the five-year average of 330 million barrels, the International Energy Agency said.

The International Energy Agency (IEA) cut its forecast for world oil demand growth in 2017 by 40,000 bpd to 1.32 million bpd, warning that these estimates may be optimistic given the slowdown in consumption in the United States and Asia’s advanced economies such as Australia, Japan and South Korea.

On the supply side, the agency reported that world production fell 755 thousand barrels per day in March to 95.98 million barrels per day, while OPEC and its partners are committed to a joint agreement to reduce production of 1.8 million barrels per day in the first half of this year.

The Organization of the Petroleum Exporting Countries (OPEC) has committed itself to a commitment to a “strong” level of 99 percent in March, the agency said, noting that non-Opec members, including Russia and Oman, have increased their commitment to 64 percent. Percent from 38 percent in February.

In 2017, the International Energy Agency said it expected non-Opec supply to increase by 485,000 barrels per day (bpd), up from 400,000 bpd in previous estimates, led by increases in US production growth.

Read More:  http://www.dinarupdates.com/showthread.php?48173-International-Energy-The-oil-market-is-nearing-equilibrium

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

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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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Small minded people believe you are rejecting morality when you reject their visions of morality. – Will Spencer

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Chattels (Dinar Guru) –  Isis ‘minister of war’ is killed by allied airstrike in Mosul.  The highest ranking Islamic State commander in Mosul, described as the jihadists’ minister of war, has been killed in an airstrike.

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

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

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BGG (Dinar Guru) –   Article:  “Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange rate has become 3 or 4 thousand, and perhaps more”    Article quote:  “On the prospects of floating Aldenarabraghi, similar to other countries in the region, Keywords said that it is Matrouh sealed now, and we are working on editing currency and not float, a large difference between the two”  that is a BIG ARTICLE…there won’t be any FLOAT… (no float). PERIOD.

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 04-16-17 (most recent listing)

Currency Auctions Announcement No. 3423

This daily currency auction was held in the Central Bank of Iraq on the 04-16-2017

The results were as follows:

DETAILS NOTES
Number of banks 36
Number of remittance companies 11
Auction price selling dinar / US$ —–
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 160,115,597
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 160,115,597
Total offers for selling (US$) —–

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

Regarding the D.U.C.E. List e-mails – 

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.

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
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DinarUpdates.com IP ranges:
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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 1258.592 1257.963
British pound GBP 1484.854 1484.112
Canadian dollar CAD 891.902 891.456
Swiss franc CHF 1178.696 1178.107
Swedish krona SEK 131.853 131.787
Norwegian krone NOK 137.954 137.885
Danish krone DKK 168.930 168.846
Japanese yen JPY 10.877 10.872
Special
Drawing Rights
SDR 1608.571 1607.766

Indicative rates – 04.16.2017

http://www.cbi.iq

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

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

Dinar Daily NEWS Blog – April 15th

Jaafari and Barzani stress the need to preserve Iraq’s unity and continue consultations

National News Center NNC – Foreign Minister Ibrahim al-Jaafari and Kurdistan Region President Masoud Barzani stressed on Friday the necessity of concerted efforts to eliminate “terrorism” and preserve the unity of Iraq, while urging continued consultations to solve the problems facing cooperation and coordination between the governments of Baghdad and Erbil.

Jaafari’s office said in a statement that “the Iraqi Foreign Minister met with Kurdistan Region President Massoud Barzani and discussed during the meeting the latest political and security situation in Iraq and the efforts of Iraqis of different affiliations in their war against terrorist gangs.”

He added that “it was stressed the need to combine the efforts of all national forces to eliminate terrorism and restore security and stability to Iraq and maintain the unity of the country.”

The statement pointed out that the two sides also stressed the “continuing consultations to resolve the problems facing cooperation and coordination between the federal government and the Kurdistan region.”

Al-Jaafari stressed on Friday the need to follow civilized mechanisms to exchange views that are naturally disputed, pointing out that the constitution does not stipulate secession, but it is “moving and not rigid.”

Read more: http://www.dinarupdates.com/showthread.php?48191-Jaafari-and-Barzani-stress-the-need-to-preserve-Iraq-s-unity-and-continue-consultatio

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Follow us on twitter @DinarUpdates !!

follow Dinar Updates on twitterDinar Updates – “NEWS TIME” w/BGG & Company – April 17th  7:30pm CST – In the DU CHAT Room!!

www.DinarUpdates.com – save as favorite

___________________________________________________________

“Flash Cast LIVE” session Sunday w/BGG

Click here for Video Replay

___________________________________________________________

“The grey Eagle” engaged in the battle of Mosul

Use the U.S. military for the first time the latest drone piloted aircraft in the battle of Mosul.

The Pentagon announced on April 8th April 2017 MQ-1C aircraft Grey Eagle (gray Eagle) fought the first battle in Iraq.

Heiner goshoia captain said they used grey Eagle aircraft in support of Iraqi forces.American forces began receiving gray Eagle aircraft, a human crew-free aircraft, a year or a year and a half.

Gray Eagle Jet carrying four Hellfire missiles (Hellfire) that can be used against tanks or infantry.It should be noted that the price of the grey Eagle aircraft is about $21 million, the loss of this aircraft in combat loss.

And accept the U.S. military, however, to use these planes because of the lack of a human crew to maintain the safety of the lives of its people.

Russian expert notes Denise vidotinov that grey Eagle aircraft originally allocated for reconnaissance and intelligence. Hence the potential hostilities

Read morehttp://www.dinarupdates.com/showthread.php?48186-quot-The-grey-Eagle-quot-engaged-in-the-battle-of-Mosul

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Image result

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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Back to the Future: The Restoration of Iraq, and British Expertise

Iraq has been in the news for a generation and our perceptions have been coloured by conflict and the near destruction of the Middle East’s most wealthy and civilised country. In the 1970’s Iraq was not only a secular and relatively harmonious multi-cultural society, but highly educated, enormously wealthy and a centre for cultural tourism.

While the media is focussed on the awful impact of IS, and the conflict in Mosul is still raging, it’s fair to say large swathes of the country, especially the South, have been free from conflict and are relatively peaceful. Indeed, the conduct and effectiveness of the Iraqi army has given hope to a peaceful aftermath in Mosul and Anbar province, with prospects for an end to IS and reconciliation with the Sunni groups in the west.

Today, similar conditions exist for a return to that wealth and civilisation- as the country comes together, Daesh are being seen off, the oil price is rising, the IMF and ISF are loaning the country $14bn for infrastructure, and educated expat entrepreneurs are beginning to return home with investment and know how.

Now that the UK is going global we should consider Iraq a strong business opportunity. Iraq is open for Investment, from the most basic Infrastructure: roads, rail, ports, airports and water, to new private housing, schools and universities, with Iraq’s abundant energy, oil, gas and petrochemical industries, to professional services and cultural tourism. Iraq is effectively virgin territory for investors, construction and professional and telco and cultural tourism services alike – in fact, all the things the UK excels in.

The picture for British industry is even stronger when we recognise British companies already play a leading role in the business ecology: Shell and BP are key players in the economy and offer an umbrella for British engineering companies; Eversheds, EY and PWC provide legal and accountancy services to our companies and Standard Chartered are there to service our finances.

The Iraq Britain Business Council (IBBC) with its long term and trusted relationships in senior government circles can also guide and assist members on political issues and through its extended membership there is a wealth of knowledge to assist new members in doing business in Iraq.
Tawfiq Tabbaa, Managing Partner of Eversheds Iraq, has seen a 25 percent increase in business, and the prospects of acceleration as international business moves back to Iraq, including a budegoning tech sector and a requirement for professional services to service international and local companies.

Alistair Kett, a Partner at PWC, observes:

“To the casual observer, any headlines relating to Iraq will be dominated by the ongoing defeat of Daesh and the associated albeit complex security picture. A closer look, however, reveals a country that has started a huge transformation. With significant financing available for huge infrastructure projects and many recognised organisations already embedded in their design and delivery the economic and commercial potential of this market is clearly shifting quickly.”

Mohammed Al Charchafchi, Chairman of Zain Iraq, indicates that:

“The Iraqi economy is recovering and is projected to grow at 7 percent in the next few years, one of the highest growth rates in the world, this also applies on the GDP per capita and the contribution of non-oil revenue to the GDP of the country. The growth is mainly driven by the increased production of oil, inflow of FDI, structural reforms by the government and implementation of the IMF terms.

And IBBC new member GE has recently won a $1.4-billion contract to build new electric power stations.

Frederic Ribieras, VP Global Growth says:

“GE just signed several new contracts worth a total of $1.4 billion with the Iraqi Ministry of Electricity to add a further 2,000 MW via gas turbines, that drastically increases supply to Iraq’s grid. Thanks to GE’s global reach and relationships with various financing institutions and export credit agencies, GE also has been able to set up some $2 billion in credit to support the projects. This will enable the Iraqi government to improve its power supply without short-circuiting its finances.”

As if that is not bright enough the Chinese intend to bring the New Silk road (OBOR) and its investment train through northern Iraq to provide access to China and the West, for Iraq’s petrochemical industries. And the Iraqis are surprisingly loyal to the UK.

So we see an immediate future where Iraq begins to re-take its place in the league of wealthier nations, keen to expand consumer and professional services, fuelled by oil and petrochemical wealth and servicing an educated and capable population with a government willing to reform and invest.

It’s time to go back to the future and back to Iraq with British expertise and investment.

Ashley Goodall is a consultant at the Iraq Britain Business Council (IBBC).

Read more:  http://www.dinarupdates.com/showthread.php?48179-Back-to-the-Future-The-Restoration-of-Iraq-and-British-Expertise

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Direction Press / Special

A member of the Committee on oil and energy parliamentary Tareq Siddiq said that “the collection of electricity wages of citizens is a legal right is indisputable, pointing out that” the national energy system needs a large sum of money to improve and assess, and the wages of electricity will contribute to the recovery of that organization.

A friend in an interview with “Trend Press” said that the issue of collection of electricity wages is a legal issue, whether stated by Prime Minister Haider Abadi or not, stating, “Citizens are supposed to be more aware of the completion of their duties to the state to get their rights of electricity .

“The national system of electricity needs several factors to regain its ability to cover all areas of Iraq, such as maintenance and reconstruction and the opening of new areas need this energy,” adding that “when the citizen leads his duty towards the state will take full rights of electricity.

He pointed out that “the accumulated wages on the citizen needs fair solutions, and one of those solutions is the process of installment of such wages so that citizens can pay these amounts in the form of payments, pointing out that” the payment of debts accumulated in one lot will adversely affect the economic situation of the citizen.

Prime Minister Haider al-Abadi said last Tuesday that the provision of electricity in the country for 24 hours requires the implementation of the system of collection.

“The provision of electricity in the country for 24 hours throughout the country requires the application of a system of tax collection for citizens to collect the financial fees,” Abbadi told a news conference.

He added that “the Council of Ministers decided to form a specialized committee in the Ministry of Electricity for the wages of contractors in the field of collection in line with the strategy to provide energy for 24 hours for citizens.

 Read more:  http://www.dinarupdates.com/showthread.php?48174-Parliamentary-Energy-The-collection-of-electricity-fees-from-citizens-will-revive

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 International Energy: The oil market is nearing equilibrium

Trend Press / Agencies The International Energy Agency (IEA) said on Thursday that the world oil market is nearing a return to equilibrium after nearly three years of oversupply, with output cuts by major exporters offsetting the long-term decline in rich countries.

The Organization for Economic Co-operation and Development (OECD) said crude oil inventories fell 17.2 million barrels in March, while the first three months of the year increased by 38.5 million barrels or 425,000 bpd.

“It can be said with confidence that the market is very close to the balance already, and with more data, it will become clearer,” the Paris-based agency said. A second half “of the year is” interesting “.

Total crude inventories in OECD countries fell 8.1 million barrels in February to 3.055 billion barrels, to stay above the five-year average of 330 million barrels, the International Energy Agency said.

The International Energy Agency (IEA) cut its forecast for world oil demand growth in 2017 by 40,000 bpd to 1.32 million bpd, warning that these estimates may be optimistic given the slowdown in consumption in the United States and Asia’s advanced economies such as Australia, Japan and South Korea.

On the supply side, the agency reported that world production fell 755 thousand barrels per day in March to 95.98 million barrels per day, while OPEC and its partners are committed to a joint agreement to reduce production of 1.8 million barrels per day in the first half of this year.

The Organization of the Petroleum Exporting Countries (OPEC) has committed itself to a commitment to a “strong” level of 99 percent in March, the agency said, noting that non-Opec members, including Russia and Oman, have increased their commitment to 64 percent. Percent from 38 percent in February.

In 2017, the International Energy Agency said it expected non-Opec supply to increase by 485,000 barrels per day (bpd), up from 400,000 bpd in previous estimates, led by increases in US production growth.

Read More:  http://www.dinarupdates.com/showthread.php?48173-International-Energy-The-oil-market-is-nearing-equilibrium

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

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World Trade Organization expects global trade to grow by 2.4% in 2017

Trend Press / Continue The World Trade Organization (WTO) said on Wednesday that global trade is growing at 2.4 percent this year, but there is “deep uncertainty” over economic and political developments, especially in the United States.

“This year’s growth range was revised to between 1.8 and 3.6 percent from 1.8 percent and 3.1 percent last September,” the organization said in a statement. “Concerns over the bottleneck of trade activities are unclear because of government policy uncertainty.”

“We should look at trade as part of the solution to economic difficulties, not as part of the problem,” said Roberto Azivido, FAO Director-General.

“There is generally cautious optimism, but trade growth remains fragile, there is a risk of a significant decline and a great deal of political uncertainty,” he told a press conference, calling on the world to “continue to resist the creation of new barriers to trade.”

The WTO has revised its initial estimates repeatedly over the past five years on expectations of an economic recovery that has proved to be optimistic.

World trade grew at an “average slow” rate of 1.3 percent in 2016, the lowest pace since the financial crisis, unable even to match the September revised WTO forecast of 1.7 percent.

In 2018, global trade is expected to grow between 2.1 and 4 percent, according to the latest World Trade Organization analysis.

Read more: http://www.dinarupdates.com/showthread.php?48140-World-Trade-Organization-expects-global-trade-to-grow-by-2-4-in-2017

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I have always found that mercy bears richer fruits than strict justice.  Abraham Lincoln

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1bobby (Dinar Guru) –   Article:  “Parliamentary economy talks about the provisions of the law “Trademarks”  As we delved further into what we are seeing is a WTO requirement. The TRIPS Agreement within the WTO guidelines mainly deals with intellectual property protections, it also go into trademark issues. Some ask if this needed for an RV. What it is needed for is promoting trade which is one of the pillars that influences exchange rates.

Read More: http://www.dinarupdates.com/observer/
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Kaperoni (Dinar Guru) –   Article:  “UNDP to Implement E-Tendering system in Iraq”  Quote:  “The UN Development Programme (UNDP)’s Iraq Country Office has announced that, starting 1st May 2017, all procurement processes will be conducted using an online E-Tendering system (Electronic Tendering Platform).”   Good to see.  More electronic, less corruption.

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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1bobby (Dinar Guru) –  Article:  “Iraq and Kuwait to discuss mechanisms for achieving economic complementarity”   When they speak of “mechanisms” that means that the substance(s) of the agreement have been met, now they are looking towards implementation. Kuwait and the other ME Countries are learning that they can not survive by oil alone and they need to open the doors to more of a non oil revenue based economy.   Iraq has lifted a ban that basically gives the right to Kuwati citizens the right to own property and invest in Iraq.  Now Iraq wants the same from Kuwait.  Kuwait calls Iraq “An important and promising market“.

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 04-13-17 (most recent listing)

Currency Auctions Announcement No. 3422

This daily currency auction was held in the Central Bank of Iraq on the 04-11-2017

The results were as follows:

DETAILS NOTES
Number of banks 34
Number of remittance companies 11
Auction price selling dinar / US$ —–
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 163,458,344
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 163,458,344
Total offers for selling (US$) —–

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

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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 1256.934 1256.306
British pound GBP 1471.238 1470.503
Canadian dollar CAD 888.689 888.244
Swiss franc CHF 1175.770 1175.182
Swedish krona SEK 130.243 130.178
Norwegian krone NOK 137.755 137.686
Danish krone DKK 169.005 168.921
Japanese yen JPY 10.686 10.681
Special
Drawing Rights
SDR 1603.870 1603.068

Indicative rates – 04.13.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – April 14th

New Iraqi strategy to free the connector protecting civilians

Iraqi forces complex new strategy relies on reducing the inroads and progress slowly in neighborhoods with using small arms to avoid civilian deaths.

Iraq-Iraqi forces, over the past few days, slightly on the West side of Mosul battles through three editing is Morocco and Yarmouk and Mills, with the region still harder, the old connector, under the control of the militant organization of ISIS, although it has been more than two weeks on fencing.

What happens, according to Parliamentary Deputy and military expert, is applying for “difficult and complicated new strategy” based on reducing airstrikes and advances slowly inside houses, and the use of light weapons, to avoid civilian deaths, destruction of infrastructure, especially in the wake of the massacre alive new connector, but ISIS succeeded in taking advantage of change through fighting strategy targeting forces sniper and rocket attacks.

Iraqi forces continues, the attribution of the international coalition, led by the United States, has been fighting since 19 February, to restore the Western side of Mosul, Ninawa Governorate, having completed, on 24 January, the restoration of the East side, in the process begun on October 17.Civilians and infrastructure.

A member of the security and Defense Committee in the Iraqi Parliament almtioni the new strategy adopted by the Iraqi forces, especially the fight against terrorism (elite), is the slow progress in reviving Downtown West side of the city, and fighting with small arms, to avoid casualties among civilians.

“The Iraqi forces have adopted this new strategy for progress in the West side neighborhoods of the city, after the deaths of civilians in Mosul district” West of the city, where approximately 1.5 million people, most of the year, out of more than 38 million.

Remains unclear killed dozens of civilians in their homes in this neighborhood, on March 17, where international coalition said it launched an air raid in the neighborhood, the same day the Iraqi Government’s request, which was denied by Baghdad, accusing ISIS while bombing caused this “massacre”.

Iraqi mp added that “Iraqi forces currently using light weapons, by infiltrating neighborhoods to protect civilians and infrastructure, new strategic objectives were achieved during the past few days.”

Maybe almtioni to “battles of the Western side of Mosul may end within weeks, the slow progress is satisfactory, Iraqi forces will be able to resolve the battles on the West side during a period that does not exceed weeks.”

And the Western side of the connector is smaller than the East side area, where 40% of the total area of the city, but the population density is greater, the United Nations estimated the number of its residents by about 800 thousand inhabitants, of whom 285 thousand, according to the international organization, last Tuesday.

ISIS sniperAccording to Khalil naimi, a retired colonel from the Iraqi army, “in an attempt to slow the advance of the attacking forces in the largest and last bastion in Iraq, ISIS uses several methods, most notably snipers and rocket attacks and suicide car bombs, especially after reducing the use of aerial bombing by Coalition aircraft and Iraqi aviation.

“He added that “over the past days, ISIS succeeded in taking advantage of the change in the battles of the Western side of Mosul, Federal Police axis stopped entirely, and axis Division 9 semi Army stopped, except the axis forces fighting terrorism, based on the street fighter of scraping, is difficult and complicated strategy.”

“ISIS began to rely entirely on the battles on the snipers and missile bombardment of Iraqi troops gathering sites, the organization owns a few snipers aliens and destroy them, the new strategy that trimmed the aerial bombardment, takes longer.”

And still more than two weeks ago, Iraqi forces have surrounded the old connector area, Central West side, comprising many neighborhoods high population density and its streets are narrow and complex military vehicles cannot enter, what makes soldiers exposed to sniper ISIS.

Attack on Tal AfarUnlike the battles of the Western side of Mosul, is preparing to launch an attack widely popular crowd using various weapons, basing of Airforce to storm spend Tal Afar, 60 km west of Mosul, controlled by ISIS since June 2014.

Said Kamal Saadi, a leader in the popular crowd to “spend talver is quite different from the West side neighborhoods of Mosul, there are open spaces within the judiciary, the number of civilians in a few sites, organization of ISIS were identified, but at the same time expect fierce battles”.

He said that “most of the factions of the popular crowd will take part in the battle of Tal Afar liberation, we have complete information about ISIS preparations in and around size within the judiciary, elements of the organization does not intend to withdraw from the crack, so it’s going to be a tough battle.”

Local and international reports on human rights that civilians in Mosul and its surroundings extremely bad humanitarian situations, due to the embargo in months, the scarcity of food, drinking water, as well as almost other basic services such as health and electricity.

Read more:    http://www.dinarupdates.com/showthread.php?48187-New-Iraqi-strategy-to-free-the-connector-protecting-civilians

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Iraq gets the location of the Deputy Secretary General of the United Nations, the first time in its history

United Nations Organization and the formal meeting on Friday, the Secretary General Antonio ghotersh was appointed Permanent Representative of the Republic of Iraq, Ambassador Mohamed Ali Hakim, his Deputy and Executive Director of the United Nations Economic and Social Commission for Western Asia (ESCWA), based in Beirut, a top UN post get figure since the founding of the United Nations.

The Iraqi Foreign Ministry said in a statement/balance of news copy, to “choose the United Nations Secretary General Ambassador wise as Executive Director of the prestigious behaves kalaskwa represents further proof of Iraq to restore its leading role in international and regional organizations, an important product of hard work by the Iraqi Foreign Ministry through diplomatic figures ltsnm quest becomes an important international positions.

She added that ESCWA is the oldest UN agencies, as the regional arm of the United Nations in the Arab world, which was founded in 1973, we trust that Ambassador Mohamed Ali Hakim, known for negotiating skills and professional abilities in the framework of bilateral and multilateral diplomacy, will represent a continuation and add quality to the tradition of that institution engaged in achieving the agreed international development goals, in particular the new sustainable development goals, with a focus on Arab economic and social integration and the exchange of experience among its solutions to problems Facing West Asia. ”

Read more: http://www.dinarupdates.com/showthread.php?48180-Iraq-gets-the-location-of-the-Deputy-Secretary-General-of-the-United-Nations-the-fir

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“The grey Eagle” engaged in the battle of Mosul

Use the U.S. military for the first time the latest drone piloted aircraft in the battle of Mosul.

The Pentagon announced on April 8th April 2017 MQ-1C aircraft Grey Eagle (gray Eagle) fought the first battle in Iraq.

Heiner goshoia captain said they used grey Eagle aircraft in support of Iraqi forces.American forces began receiving gray Eagle aircraft, a human crew-free aircraft, a year or a year and a half.

Gray Eagle Jet carrying four Hellfire missiles (Hellfire) that can be used against tanks or infantry.It should be noted that the price of the grey Eagle aircraft is about $21 million, the loss of this aircraft in combat loss.

And accept the U.S. military, however, to use these planes because of the lack of a human crew to maintain the safety of the lives of its people.

Russian expert notes Denise vidotinov that grey Eagle aircraft originally allocated for reconnaissance and intelligence. Hence the potential hostilities

Read morehttp://www.dinarupdates.com/showthread.php?48186-quot-The-grey-Eagle-quot-engaged-in-the-battle-of-Mosul

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Image result

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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Minister: Iraq offers comparative advantage to Kuwaiti investments 

KUWAIT ( Reuters ) – Iraq is keen to give Kuwait a comparative advantage in investment concessions in its markets, according to Kuwait News Agency (KUNA).

Salman Al-Jumaili told KUNA on Friday that during his meeting with Minister of Commerce and Industry and Minister of State for Youth Affairs Khalid Al-Roudhan, he reached an integrated plan to deal with obstacles in the coming stage by facilitating the obtaining of visas between the two countries and the possibility of entering goods between the border Wild as well as facilitating the payment of goods.

He explained that his government began to take a package of economic reforms through the amendment of laws and legislation in order to create an attractive environment for foreign investment in order to ensure the expansion of the country’s productive base.

The country’s economic reform program focuses on privatization, attracting investment, encouraging the private sector to compete and diversifying exports to help reduce dependence on oil revenues as a sole supplier of national income, he said.

He said that Iraq relies on Kuwaiti investors to contribute to the economic development of his country and to achieve the government program as required, calling on Kuwaiti companies to invest in the reconstruction process.

The Iraqi oil minister said in early April that his country will supply Kuwait with 200 million cubic feet of liquefied natural gas (LNG) per day, likely to finish soon the project to supply Kuwait with gas, quoting Kuwait News Agency (KUNA).

Jabbar al-Allaibi pointed to the investment of Iraq to 1.4 billion cubic feet of gas per day during the current year, compared to 650 million cubic feet in 2016, according to “KUNA”.

He said Allaibi: Iraq’s production of liquefied natural gas rose to 6 thousand tons per day, while the rate of export thousand tons per day, according to the agency.

Read more: http://www.dinarupdates.com/showthread.php?48190-Minister-Iraq-offers-comparative-advantage-to-Kuwaiti-investments

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Direction Press / Special

A member of the Committee on oil and energy parliamentary Tareq Siddiq said that “the collection of electricity wages of citizens is a legal right is indisputable, pointing out that” the national energy system needs a large sum of money to improve and assess, and the wages of electricity will contribute to the recovery of that organization.

A friend in an interview with “Trend Press” said that the issue of collection of electricity wages is a legal issue, whether stated by Prime Minister Haider Abadi or not, stating, “Citizens are supposed to be more aware of the completion of their duties to the state to get their rights of electricity .

“The national system of electricity needs several factors to regain its ability to cover all areas of Iraq, such as maintenance and reconstruction and the opening of new areas need this energy,” adding that “when the citizen leads his duty towards the state will take full rights of electricity.

He pointed out that “the accumulated wages on the citizen needs fair solutions, and one of those solutions is the process of installment of such wages so that citizens can pay these amounts in the form of payments, pointing out that” the payment of debts accumulated in one lot will adversely affect the economic situation of the citizen.

Prime Minister Haider al-Abadi said last Tuesday that the provision of electricity in the country for 24 hours requires the implementation of the system of collection.

“The provision of electricity in the country for 24 hours throughout the country requires the application of a system of tax collection for citizens to collect the financial fees,” Abbadi told a news conference.

He added that “the Council of Ministers decided to form a specialized committee in the Ministry of Electricity for the wages of contractors in the field of collection in line with the strategy to provide energy for 24 hours for citizens.

 Read more:  http://www.dinarupdates.com/showthread.php?48174-Parliamentary-Energy-The-collection-of-electricity-fees-from-citizens-will-revive

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 International Energy: The oil market is nearing equilibrium

Trend Press / Agencies The International Energy Agency (IEA) said on Thursday that the world oil market is nearing a return to equilibrium after nearly three years of oversupply, with output cuts by major exporters offsetting the long-term decline in rich countries.

The Organization for Economic Co-operation and Development (OECD) said crude oil inventories fell 17.2 million barrels in March, while the first three months of the year increased by 38.5 million barrels or 425,000 bpd.

“It can be said with confidence that the market is very close to the balance already, and with more data, it will become clearer,” the Paris-based agency said. A second half “of the year is” interesting “.

Total crude inventories in OECD countries fell 8.1 million barrels in February to 3.055 billion barrels, to stay above the five-year average of 330 million barrels, the International Energy Agency said.

The International Energy Agency (IEA) cut its forecast for world oil demand growth in 2017 by 40,000 bpd to 1.32 million bpd, warning that these estimates may be optimistic given the slowdown in consumption in the United States and Asia’s advanced economies such as Australia, Japan and South Korea.

On the supply side, the agency reported that world production fell 755 thousand barrels per day in March to 95.98 million barrels per day, while OPEC and its partners are committed to a joint agreement to reduce production of 1.8 million barrels per day in the first half of this year.

The Organization of the Petroleum Exporting Countries (OPEC) has committed itself to a commitment to a “strong” level of 99 percent in March, the agency said, noting that non-Opec members, including Russia and Oman, have increased their commitment to 64 percent. Percent from 38 percent in February.

In 2017, the International Energy Agency said it expected non-Opec supply to increase by 485,000 barrels per day (bpd), up from 400,000 bpd in previous estimates, led by increases in US production growth.

Read More:  http://www.dinarupdates.com/showthread.php?48173-International-Energy-The-oil-market-is-nearing-equilibrium

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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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World Trade Organization expects global trade to grow by 2.4% in 2017

Trend Press / Continue The World Trade Organization (WTO) said on Wednesday that global trade is growing at 2.4 percent this year, but there is “deep uncertainty” over economic and political developments, especially in the United States.

“This year’s growth range was revised to between 1.8 and 3.6 percent from 1.8 percent and 3.1 percent last September,” the organization said in a statement. “Concerns over the bottleneck of trade activities are unclear because of government policy uncertainty.”

“We should look at trade as part of the solution to economic difficulties, not as part of the problem,” said Roberto Azivido, FAO Director-General.

“There is generally cautious optimism, but trade growth remains fragile, there is a risk of a significant decline and a great deal of political uncertainty,” he told a press conference, calling on the world to “continue to resist the creation of new barriers to trade.”

The WTO has revised its initial estimates repeatedly over the past five years on expectations of an economic recovery that has proved to be optimistic.

World trade grew at an “average slow” rate of 1.3 percent in 2016, the lowest pace since the financial crisis, unable even to match the September revised WTO forecast of 1.7 percent.

In 2018, global trade is expected to grow between 2.1 and 4 percent, according to the latest World Trade Organization analysis.

Read more: http://www.dinarupdates.com/showthread.php?48140-World-Trade-Organization-expects-global-trade-to-grow-by-2-4-in-2017

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When you confront a problem you begin to solve it. – Rudy Giuliani

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1bobby (Dinar Guru) –   Article:  “Parliamentary economy talks about the provisions of the law “Trademarks”  As we delved further into what we are seeing is a WTO requirement. The TRIPS Agreement within the WTO guidelines mainly deals with intellectual property protections, it also go into trademark issues. Some ask if this needed for an RV. What it is needed for is promoting trade which is one of the pillars that influences exchange rates.

Read More: http://www.dinarupdates.com/observer/
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Kaperoni (Dinar Guru) –   Article:  “UNDP to Implement E-Tendering system in Iraq”  Quote:  “The UN Development Programme (UNDP)’s Iraq Country Office has announced that, starting 1st May 2017, all procurement processes will be conducted using an online E-Tendering system (Electronic Tendering Platform).”   Good to see.  More electronic, less corruption.

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!!)

1bobby (Dinar Guru) –  Article:  “Iraq and Kuwait to discuss mechanisms for achieving economic complementarity”   When they speak of “mechanisms” that means that the substance(s) of the agreement have been met, now they are looking towards implementation. Kuwait and the other ME Countries are learning that they can not survive by oil alone and they need to open the doors to more of a non oil revenue based economy.   Iraq has lifted a ban that basically gives the right to Kuwati citizens the right to own property and invest in Iraq.  Now Iraq wants the same from Kuwait.  Kuwait calls Iraq “An important and promising market“.

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 04-13-17 (most recent listing)

Currency Auctions Announcement No. 3422

This daily currency auction was held in the Central Bank of Iraq on the 04-11-2017

The results were as follows:

DETAILS NOTES
Number of banks 34
Number of remittance companies 11
Auction price selling dinar / US$ —–
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 163,458,344
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 163,458,344
Total offers for selling (US$) —–

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

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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 1256.934 1256.306
British pound GBP 1471.238 1470.503
Canadian dollar CAD 888.689 888.244
Swiss franc CHF 1175.770 1175.182
Swedish krona SEK 130.243 130.178
Norwegian krone NOK 137.755 137.686
Danish krone DKK 169.005 168.921
Japanese yen JPY 10.686 10.681
Special
Drawing Rights
SDR 1603.870 1603.068

Indicative rates – 04.13.2017

http://www.cbi.iq

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