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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Opportunities for advancement of the economy in Iraq after the defeat of ISIS

ISIS has organized a lot of land that was in his possession, but he continues to commit genocide, how could be terminated? And proceed in the opposite direction?

Focusing on the United States and the United Nations plans for the reconstruction of Iraq after the defeat of ISIS primarily on southern and Western areas of the country, and neglecting minorities in northern Iraq, particularly Christians, who still suffer from genocide and not displayed is flag continued discrimination within their countries.

These disadvantaged minorities, including Christians, Turkmens, walaizidion live in northern Iraq for thousands of years. In order to reverse genocide and make this a prosperous areas such as former and earn daily strength again, we need to create a safe area such as those in Kurdistan (1991) and Bosnia (1993).

Compounding the refugee crisis to bona fide efforts by Governments and charities focused exclusively on emergency relief, but quickly turn to disaster when it happens to adults who are able bodied to work and eager to restore the dignity of the spiral plunge into a spiral of depression and despair for their inability to provide a living for their families. For this reason, the United Nations says that habitual residence in a refugee camp continue for 17 years. This is a terrible loss of human life.

However, the establishment of a secure area that can provide security and enhances productivity as happened following the campaigns of genocide in Kurdistan.

The consensus among security experts lies in one thing: they should assemble a coalition of regional forces with training and international assistance to provide security.

But some important thing ignores consensus: Homeland Security-Officer in the corner, and the soldier at the checkpoint-must be indigenous. And I mean protracted discrimination against minorities that Christians in Alqosh or alaizidien in Sinjar would see a member of their group at checkpoints regulating the entry and exit of their towns. Alice is likely to be a guarantee of the future, if people saw that persons of whom can participate in State administrative and security institutions?

That is why we need to have sufficient capacity and emphasizing police training abroad, such as Italy and Denmark, to work on the training of local police forces and act as observers, then the reconstruction process can begin in earnest.

And when that happens, Western businessmen are the best hope to help returnees to make reconstruction a success. Because without bringing life to the economy was prosperous and suffers from ruin now, these communities can never flourish again. so Governments should do all they can to facilitate private sector transactions that will build the economy from the ground up.

Rather than engage the Governments macroeconomic policies that define the general framework of the economy, Governments should identify the origins of microeconomics, including human capacity and capital goods, which can be used by investors and entrepreneurs in productive economy.

For example, there is no government entity is surveying the displaced families to see what I have their functional skills.

And spend a million dinars to the surveys ask people displaced from dimogharavithm, about their past, but there is no information on their skills, which can help an investor in its future work, the foreign aid compound – composed of Governments and NGOs-is suffering from a kind of visualization that focuses only on spare people suffering, not on what their suffering.

And that’s why it’s not useful in business but if they understood the real needs of the oppressed, if you really listen to them, they realize that getting a job is part of restoring their dignity.

If the Government has to count and check the micro-economic assets, the number of teachers and engineers in camps to prepare olives and apples that have not invested because of the genocide, investors can intervene to bridge the gaps, using those assets to create real value and, therefore, make these oppressed communities within sustainable development process again.

This is why the goal is to create communication between businessmen in North America and Europe with business people in northern Iraq.

And use their skills to help Iraqis create supermarkets to sell their products, and the transfer of technology to improve their competitiveness, and training men and guide them and provide them with the experience of foreign businessmen when all that foreign businessmen would realize that their bet was spot on and invest their money making projects grow and provide jobs for their neighbors. There is nothing you can do will help them at the moment.

“Washington Times”

Read more: http://www.dinarupdates.com/showthread.php?48129-Opportunities-for-advancement-of-the-economy-in-Iraq-after-the-defeat-of-ISIS

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Kuwait stresses the importance of developing trade with Iraq to enhance the common economy

The Minister of State for Youth Affairs Khalid Al-Roudhan on Wednesday stressed the need to develop bilateral trade with Iraq to boost the economies of both countries, especially in view of the low oil prices.

Al-Roudhan said in a press statement during a meeting with the Minister of Planning and Trade Minister Salman Al-Jumaili that “the development of intra-Arab trade strengthens Arab economic integration, making it an economic force that keeps pace with global economic blocs.”

“The meeting discussed several key issues related to strengthening the trade side between the two countries as well as discussing the best possible solutions to further develop bilateral economic relations,” he said.

“The meeting touched on the importance of finding effective steps in the coming days to promote intra-Arab trade, especially as Kuwait’s economic plan aims to transform the country into a financial and commercial center,” he said.
He noted “the importance of identifying investment opportunities in both countries.”

Read More:  http://www.dinarupdates.com/showthread.php?48143-Kuwait-stresses-the-importance-of-developing-trade-with-Iraq-to-enhance-the-common-ec

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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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BGG (Dinar Guru) – –   The BIGGEST article of the day…  “Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars”  (the title is a little weak for the content of the article)…the title should have read RV- RV- RV!!  Quote:  “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…”   …this is what you are after – EXACTLY. PERIOD.   it’s isn’t a removing of the 000 from the notes…it isn’t a changing of the DECIMAL POINT…it isn’t a change in the nominal value…IT’S A CHANGING OF THE REAL VALUE and A BRINGING IN OF THE BIG NOTES… “…deleting the big 000 notes from the market place”  = RV.   [post 1 of 2….stay tuned]

Read More: http://www.dinarupdates.com/observer/
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BGG (Dinar Guru) –  …they have no intent on bringing out any bigger note classes – THEY DON’T NEED IT… value is going the other way…nowhere in there does it mention Article 140 – HCL – or anything else… nor does it bother to mention any laws needing passed… just a few changes. (aka – AMENDMENTS)  [Also key phrase is “where it should be FOLLOWED by” Meaning the laws should be changed AFTER.]  BINGO!  money first – laws AFTER!  why? They need to get this done now! This is about as much heads up as they are willing to give anyone…if they change the laws ahead of time – EVERYONE WILL KNOW.    BIGGEST PIECE YET…here it comes…  “On the other hand, the technical preparations are underway by us.”  Meaning – on the other side of everything he’s said so far… they are and have been already making technical preparations (by the CBI).  Pretty plain – if you ask me…pretty huge news...   [post 2 of 2]

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

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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 04-12-17 (most recent listing)

Currency Auctions Announcement No. 3421

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

The results were as follows:

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

Robert Cook  CSW  CSS  CBP  CST  CTC

Iraq:

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

Indicative rates – 04.12.2017

http://www.cbi.iq

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Head of the IMF mission’s (term) interest peg to the dollar rather than a large reduction of the Iraqi economy

Baghdad / Zahraa Al-Jassem Being talked at length between the economic circles, whether legislative or specialized for what the International Monetary Fund for Iraq loans and its usefulness out of the current financial crisis in the aftermath of the decline in global oil prices, Sometimes some people talk about being open field ahead of us to get the facilities and loans and support for international financial organizations and countries major, in accordance with the international financial umbrella obtained by Iraq , up nearly 20 billion dollars, with what he sees others that borrow from the fund is very important for Iraq but also strengthens its position externally in terms of financial transactions, and sometimes others were skeptical of this argument, pointing out that, loans would not But the burden of borrowed state financial obligations and Tkplha debts for many years, with the facts that can not be overlooked after the repercussions of the occupation of Daesh for a number of Iraqi cities , and his successor from the huge numbers of displaced people and the destruction of the infrastructure of those areas, requiring reconstruction after liberation, not to mention the costs of these the war that no one can yet appreciated.

Meetings and dialogues in- depth continued over the past two years and the current, to complete Iraq for the IMF loan of $ 5.3 billion, an annual interest rate low of one and a half percent, accompanied by requests, policies and procedures recommended by the Fund, concerning its credit readiness with Iraq, including additional cuts expenditures and the fight against corruption, and activating the economic sectors and financial reform, which according to officials, in the interests of the Iraqi economy, to remain the most important opinion of the international Monetary Fund in this regard, as head of the IMF mission in Iraq , Christian coconut answer, some questions x The interview (range), via e – mail.

* What is the future readiness credit program with the International Monetary Fund, if exposed oil prices to a significant improvement eliminates the deficit?

– Under the current outlook for oil prices, we believe that it should follow the approach of the financial correction that combines ambition and viability, in order to bridge the gap with the end of this decade (2020). If oil prices rose largely no longer with the need for international financial support from the IMF and other donors fund, leaving the decision of the Iraqi government regarding the continued implementation of the standby credit agreement with the Fund.
* Do you put the fund into account, in his program how Iraq will be able to pay its debts accumulated and borrowing for reconstruction if oil prices continue at current rates?

– Yes, if the Iraqi government implemented a fiscal adjustment program provided for by the standby credit agreement, it would be able to repay its debts.

* What are the means available to Iraq to establish an economic partnership with the world to run the economy and raise growth and development in which rates and reduce the actual levels of unemployment to decimal one not 40% instead of 24%?

– The Iraqi government should implement the following growth strategy: first, to maintain macroeconomic stability by freezing public spending in nominal terms for a period of two years, plugged up the fiscal deficit gradually and maintain the linking of the Iraqi dinar in US dollars. Second, create fiscal space by increasing non – oil revenues and the reduction of current expenditures, that this space is used to promote human capital and re – physical capital in Iraq. Third, improve the business climate, which leads, while reducing the role of the state in the economy in the context of the current fiscal adjustment, to increase incentives for private sector development, especially with the start of reconstruction work. Finally, reform and restructuring in the financial sector will, to strengthen its capacity to support the private sector in the medium term during the reconstruction.

* Everyone thinks that the economy is in a contraction or a severe recession and the price of nominal dinar exchange rate is not realistic and exceeds the value, compared to the current account deficit of the balance of payments., But it is time to reduce the value of the dinar and the exchange rate against the dollar and bear little thing of inflation in order to rationalize the overall total spending of the state ? What is your guidance in this regard?

– The central bank still maintains a comfortable level of foreign exchange reserves, we believe that it is appropriate to maintain the linking of the Iraqi dinar in US dollars. It will not achieve the devaluation of great benefit to the economy and would cause a sharp increase in inflation.

* Iraq ‘s recent decline in cash reserves at the Central Bank to the extent of 49 billion, how do you view this decline, do you have any recommendations to the Iraqi side about it?

– The central bank still retains a comfortable level of total foreign exchange reserves. As is the case in all oil – exporting countries, can not avoid the decline in these reserves when oil prices fall. We recommend the implementation of the agreed financial control under the standby credit agreement to keep this fall within the limits compatible with the linking of the Iraqi dinar in US dollars.

* What is your guidance for Iraq on reconstruction in the liberated areas of the process, and what is your opinion by asking US President Donald Trump, contributing to the reconstruction of those areas in exchange for Iraqi oil?

– We recommend first, to assess reconstruction needs with the help of the World Bank and then raise the necessary resources to implement them, including Iraq ‘s oil resources and international financial support. Iraq can assume its debts to conduct the agreed fiscal adjustment

* All afraid in Iraq , the size of the indebtedness of the Iraqi government , both internal and external, how do you view this issue, and what are your recommendations?

– it can carry Iraq ‘s debts if the authorities carried out the agreed financial correction with the IMF under the standby credit agreement.

The International Monetary Fund, a specialized agency of the Bretton Woods system of the United Nations, was established by an international treaty in 1945 to work on strengthening the integrity of the global economy, and is based in Washington DC, and run by its members who include all countries of the world about their number of 188 countries.

The International Monetary Fund, the central institution of the international monetary system, any system of international payments and currency exchange rates which allows commercial transactions between different countries, and aims to prevent crises in the international system by encouraging different countries to adopt sound economic policies, as members can make use of its resources, to address what they are exposed to balance of payments problems, including the legal objectives of the Fund to facilitate the expansion and balanced growth of international trade, and to stabilize exchange rates and avoid competitive devaluation of currency values, and a correction regulator Achtla S balance of payments experienced by different countries.

Read more: http://www.dinarupdates.com/showthread.php?48103-Head-of-the-IMF-mission-s-interest-peg-to-the-dollar-rather-than-a-large-reduction-of

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The three presidencies meet a delegation of US lawmakers

Baghdad / Range Prime Minister Haider al-Abadi on Monday discussed with a delegation of the US Congress the latest developments in the battle of Mosul and the victories achieved and the return of the displaced to the liberated areas.

Al-Abbadi’s office said in a statement that the latter received in his office a delegation from the US Congress headed by Rep. Rodney Frilinghassen, chairman of the Congressional Appropriations Committee. The meeting discussed the latest developments in the Mosul battle, the victories, As well as cooperation between the two countries in the fields of economy, trade, agriculture, investment and water. ”

The US delegation stressed “the continued support of the United States of America for Iraq and the unity of its territory,” noting that “Iraq is about to achieve a great prosperity despite the challenges it faces.” In another context, President Fuad Masum stressed Iraq’s keenness on its relationship with the United States, during a meeting with the same delegation.

The office of the President of the Republic, in a statement received by the (range), he “received at the Peace Palace in Baghdad on Monday a delegation from the donors committee in the US Congress.”

Masoum stressed “the importance of meeting and communication with friends in the United States, in a way that strengthens relations of friendship and cooperation between the two countries and serves the common interests in the light of the signed agreement.” “The war against terrorism is an important aspect and a cornerstone that contributes to the development and consolidation of relations between the United States and Iraq, whose sons continue to fight and eradicate and support the United States,” he said. “What is important now as we approach the liberation of the entire Iraqi soil from the desecration of terrorism is to work hard to remove all the educational, social, cultural and religious effects of Daash, which requires the synergy of the efforts of the world, especially the countries of the region with the Effort of Iraq “.

For his part, the American delegation expressed “its condolences and condolences to Iraq and the families of the martyrs of the war against a supporter of the heroic fighters and children and women who have taken the terrorists as human shields.” The US delegation stressed “the United States’ keenness to continue supporting the armed forces with various material, weapons and training capabilities, as well as readiness to support the efforts of the Iraqis to get rid of the effects of urging and achieving community reconciliation.”

In the same context, the Speaker of the House of Representatives Salim al-Jubouri that supporting the displaced and returning them to their liberated areas and reconstruction of these areas are the most important steps that pave the way for the stability of the post-gangs and terror.

A statement from the Jubouri office said that he met with the delegation of the US Congress headed by MP Rodney Frajlenkhaisen, in the presence of Ambassador Douglas Silliman.

“Supporting the displaced people and returning them to their areas and providing them with a stable environment are the most important steps that will pave the way for post-conflict stability and contribute to the realization of the community reconciliation project in a manner that achieves social peace and strengthens national cohesion,” he said.

Jubouri pointed out that “Iraq’s efforts to open new horizons of relations with its Arab and regional environment are important and necessary and will contribute to the activation of the economic aspect and the preservation of regional security of Iraq’s pivotal role can play an important role in the fight against terrorist organizations.”
Jubouri stressed that “the next phase requires the provision of all the requirements of international support and create an atmosphere of political stability and community, which reflects positively on the lives of citizens in the country.”

Read More: http://www.dinarupdates.com/showthread.php?48115-The-three-presidencies-meet-a-delegation-of-US-lawmakers

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Hims to {Morning}: TBI achieves the objectives of the reformist government

Baghdad / Farah Al-Khafaf In line with the directions of reforming the Iraqi economy through the development and strengthening of the productive sectors and the financial sector and banks, the Director General of the Iraqi Bank for Trade Faisal Al-Hims to continue to achieve the objectives of the government through the introduction of new tools and products to achieve financial liquidity to rotate the economy.

The Iraqi Trade Bank (TBI), the producer of “Tstahl” for the first time in Iraq, to ​​encourage citizens to deposit and savings in the correct ways followed by the world, to keep money from theft and loss in homes, as well as the entry of this money the economic cycle in the country, Achieving sustainable development in the medium and long term.

Products and support tools

“The Iraqi Trade Bank is working to strengthen competition in the banking sector and to introduce new tools and support products to this sector that will strengthen its strength in the country and give a positive image to the international community,” he said in a statement.

The Director-General of this product promised a new idea stimulated the citizen to deposit his money in the bank and the possibility of withdrawing at any time desired, especially as the objectives of the Bank is the credibility, transparency and mutual trust, indicating that this product is the beginning of the way to open new horizons with citizens to seek to be The Iraqi Bank of Trade (TBI) has the first to introduce such products, which do not contradict the requirements and instructions of the Central Bank.

Expand the trust network

Al-Homs advised his bank to offer products and instruments similar to the TISLAH (Tasahl) product, which is aimed at owners who own a commercial and non-residential property.
He pointed out that these products and services are aimed at the local beneficiary and help to expand the network of trust between the public and the bank.

He pointed to the competition of other banks in the same direction and trying to provide products and services similar to the services of (TBI), returned a positive and healthy, will be reflected on the banking sector and the Iraqi economy in general, especially as Iraq is a large country with wealth and density of large population, And the banking sector, through the development of services and providing the best to the customer.

The idea of ​​the product (Tstahl) that the citizen to deposit 500 thousand dinars to enter in three withdrawals carried out by the bank in a transparent and supervised by the Central Bank, the value of the monthly award of 10 million dinars for certificates passed by 15 days, and 40 million dinars for certificates passed by the issuance 90 days, to enter into a semi-annual draw, or the annual withdrawal of the large value of 100 million dinars for certificates passed 180 days.

Objectives of economic reforms

The Director General said that the Bank conducted a questionnaire to the extent of accepting a worthy idea before it was put on the market, and recorded positive results. However, the public turnout exceeded the results of the questionnaire and expectations, in response to the desire of the citizen to experience new banking products after the bank has strengthened public confidence in it, They want to hoard money in the houses and deposit them in the bank, and this is consistent with the objectives of the government within the framework of economic reforms.

The Iraqi Trade Bank has achieved the amount of 3 billion and a half billion dinars of the participation of about 7,000 holders of the certificate of deposit (Tstahl), according to Hymes, pointing out that the purpose of the new products to provide liquidity and investment to enter the economic cycle, thus moving the wheel of economy in the country, Filing does not bear the payment of added interest.

As for the product (opportunity), the general manager concluded that it is a loan for commercial real estate owners exclusively, the method of granting and repayment depends on the value of the income from the commercial property is similar to commercial financing, which depends on the profitability of the company, which is the source of payment, Depends on future cash flows instead of collateral, indicating that this product is awaiting the approval of the Central Bank, which is considered the main support for banks in the country.

Read more: http://www.dinarupdates.com/showthread.php?48076-Hims-to-Sabah-TBI-achieves-the-objectives-of-the-reformist-government

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Be sure you put your feet in the right place, then stand firm –  Abraham Lincoln

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BGG (Dinar Guru) – –   The BIGGEST article of the day…  “Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars”  (the title is a little weak for the content of the article)…the title should have read RV- RV- RV!!  Quote:  “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…”   …this is what you are after – EXACTLY. PERIOD.   it’s isn’t a removing of the 000 from the notes…it isn’t a changing of the DECIMAL POINT…it isn’t a change in the nominal value…IT’S A CHANGING OF THE REAL VALUE and A BRINGING IN OF THE BIG NOTES… “…deleting the big 000 notes from the market place”  = RV.   [post 1 of 2….stay tuned]

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

BGG (Dinar Guru) –  …they have no intent on bringing out any bigger note classes – THEY DON’T NEED IT… value is going the other way…nowhere in there does it mention Article 140 – HCL – or anything else… nor does it bother to mention any laws needing passed… just a few changes. (aka – AMENDMENTS)  [Also key phrase is “where it should be FOLLOWED by” Meaning the laws should be changed AFTER.]  BINGO!  money first – laws AFTER!  why? They need to get this done now! This is about as much heads up as they are willing to give anyone…if they change the laws ahead of time – EVERYONE WILL KNOW.    BIGGEST PIECE YET…here it comes…  “On the other hand, the technical preparations are underway by us.”  Meaning – on the other side of everything he’s said so far… they are and have been already making technical preparations (by the CBI).  Pretty plain – if you ask me…pretty huge news...   [post 2 of 2]

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

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

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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 04-11-17 (most recent listing)

Currency Auctions Announcement No. 3420

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

The results were as follows:

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.

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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

Robert Cook  CSW  CSS  CBP  CST  CTC

Iraq:

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

Indicative rates – 04.12.2017

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

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

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

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

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

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

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

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

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

* How discovered the counterfeit currency of the size?

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

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

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

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

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

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

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

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

Read More: http://www.dinarupdates.com/showthread.php?48060-Dir-of-the-Issuance-Dept-of-the-Central-Bank-(range)-Printed-currency-11-Billion&p=171964#post171964
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“Flash Cast LIVE” session Sunday w/BGG

Click here for Video Replay

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 Read more: http://www.dinarupdates.com/showthread.php?48084-Once-again-Congressional-delegation-meets-balgbori-in-the-presence-of-us-Ambassador

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Follow us on twitter @DinarUpdates !!

Dinar Updates – “NEWS TIME” w/MadDScout & Facebook Crew – April 13th  6:30pm CST – In the DU CHAT Room!!

www.DinarUpdates.com – save as favorite

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The Egyptian Government agrees to buy Iraqi crude

Tarek, Egyptian oil Minister, said the Government agreed to buy Iraqi oil, 1 million barrels in the month by 12 million barrels per year.

He said, during a press conference at the headquarters of the Council of Ministers, that this is the first contract between Egypt and Iraq to buy raw, especially good species Basra ore he will sign the final agreement in the next few days. To be signed between the Egyptian oil Ministry and Iraqi counterparts.

It was supposed that the agreement enters into force early this year, but the mysterious reasons prevented that.

Egypt and Iraq signed the agreement in 2016, subject to discussion again while visiting Egyptian oil Minister, Tariq, to Baghdad at the end of last October.

Egypt believes that the agreement if activated, in the interest of the two countries, because it will cover the needs of the Iraqi side of the petroleum products, especially as Egypt has a high potential for refining the ore Basra, in addition to providing raw you want to Cairo.

Read More: http://www.dinarupdates.com/showthread.php?48090-The-Egyptian-Government-agrees-to-buy-Iraqi-crude

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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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Hims to {Morning}: TBI achieves the objectives of the reformist government

Baghdad / Farah Al-Khafaf In line with the directions of reforming the Iraqi economy through the development and strengthening of the productive sectors and the financial sector and banks, the Director General of the Iraqi Bank for Trade Faisal Al-Hims to continue to achieve the objectives of the government through the introduction of new tools and products to achieve financial liquidity to rotate the economy.

The Iraqi Trade Bank (TBI), the producer of “Tstahl” for the first time in Iraq, to ​​encourage citizens to deposit and savings in the correct ways followed by the world, to keep money from theft and loss in homes, as well as the entry of this money the economic cycle in the country, Achieving sustainable development in the medium and long term.

Products and support tools

“The Iraqi Trade Bank is working to strengthen competition in the banking sector and to introduce new tools and support products to this sector that will strengthen its strength in the country and give a positive image to the international community,” he said in a statement.

The Director-General of this product promised a new idea stimulated the citizen to deposit his money in the bank and the possibility of withdrawing at any time desired, especially as the objectives of the Bank is the credibility, transparency and mutual trust, indicating that this product is the beginning of the way to open new horizons with citizens to seek to be The Iraqi Bank of Trade (TBI) has the first to introduce such products, which do not contradict the requirements and instructions of the Central Bank.

Expand the trust network

Al-Homs advised his bank to offer products and instruments similar to the TISLAH (Tasahl) product, which is aimed at owners who own a commercial and non-residential property.
He pointed out that these products and services are aimed at the local beneficiary and help to expand the network of trust between the public and the bank.

He pointed to the competition of other banks in the same direction and trying to provide products and services similar to the services of (TBI), returned a positive and healthy, will be reflected on the banking sector and the Iraqi economy in general, especially as Iraq is a large country with wealth and density of large population, And the banking sector, through the development of services and providing the best to the customer.

The idea of ​​the product (Tstahl) that the citizen to deposit 500 thousand dinars to enter in three withdrawals carried out by the bank in a transparent and supervised by the Central Bank, the value of the monthly award of 10 million dinars for certificates passed by 15 days, and 40 million dinars for certificates passed by the issuance 90 days, to enter into a semi-annual draw, or the annual withdrawal of the large value of 100 million dinars for certificates passed 180 days.

Objectives of economic reforms

The Director General said that the Bank conducted a questionnaire to the extent of accepting a worthy idea before it was put on the market, and recorded positive results. However, the public turnout exceeded the results of the questionnaire and expectations, in response to the desire of the citizen to experience new banking products after the bank has strengthened public confidence in it, They want to hoard money in the houses and deposit them in the bank, and this is consistent with the objectives of the government within the framework of economic reforms.

The Iraqi Trade Bank has achieved the amount of 3 billion and a half billion dinars of the participation of about 7,000 holders of the certificate of deposit (Tstahl), according to Hymes, pointing out that the purpose of the new products to provide liquidity and investment to enter the economic cycle, thus moving the wheel of economy in the country, Filing does not bear the payment of added interest.

As for the product (opportunity), the general manager concluded that it is a loan for commercial real estate owners exclusively, the method of granting and repayment depends on the value of the income from the commercial property is similar to commercial financing, which depends on the profitability of the company, which is the source of payment, Depends on future cash flows instead of collateral, indicating that this product is awaiting the approval of the Central Bank, which is considered the main support for banks in the country.

Read more: http://www.dinarupdates.com/showthread.php?48076-Hims-to-Sabah-TBI-achieves-the-objectives-of-the-reformist-government

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“Example is not the main thing in influencing other people; it’s the only thing.” – Abraham Lincoln

____________________________________________________________

BGG (Dinar Guru) – –   The BIGGEST article of the day…  “Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars”  (the title is a little weak for the content of the article)…the title should have read RV- RV- RV!!  Quote:  “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…”   …this is what you are after – EXACTLY. PERIOD.   it’s isn’t a removing of the 000 from the notes…it isn’t a changing of the DECIMAL POINT…it isn’t a change in the nominal value…IT’S A CHANGING OF THE REAL VALUE and A BRINGING IN OF THE BIG NOTES… “…deleting the big 000 notes from the market place”  = RV.   [post 1 of 2….stay tuned]

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

BGG (Dinar Guru) –  …they have no intent on bringing out any bigger note classes – THEY DON’T NEED IT… value is going the other way…nowhere in there does it mention Article 140 – HCL – or anything else… nor does it bother to mention any laws needing passed… just a few changes. (aka – AMENDMENTS)  [Also key phrase is “where it should be FOLLOWED by” Meaning the laws should be changed AFTER.]  BINGO!  money first – laws AFTER!  why? They need to get this done now! This is about as much heads up as they are willing to give anyone…if they change the laws ahead of time – EVERYONE WILL KNOW.    BIGGEST PIECE YET…here it comes…  “On the other hand, the technical preparations are underway by us.”  Meaning – on the other side of everything he’s said so far… they are and have been already making technical preparations (by the CBI).  Pretty plain – if you ask me…pretty huge news...   [post 2 of 2]

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

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

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

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

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

Oil rises above $ 55 a barrel

Bertha News Agency  Crude oil continued to rise above $ 55 a barrel on Monday, supported by a new closure of Libya’s largest fields and heightened tension over Syria after the US missile attack.

A Libyan oil source said the spark field was closed on Sunday after it disrupted a pipeline group linking it to the oil refinery. Work resumed in the field in early April after a week-long break.

“The sudden and repeated halt in production is still a source of support for oil prices,” said Carsten Frech of Commerzbank.

London Brent crude rose 42 cents to $ 55.66 a barrel by 0840 GMT, while US crude was up 33 cents at $ 52.57 a barrel.

Oil has also risen as tensions mount in the Middle East, which pumps more than a quarter of world oil production. Crude rose last week after the United States fired rockets at an air base of the Syrian government.

The spark field was closed for a week until April 2. OPEC member Libya has pumped a tiny share of its production capacity because of conflict and unrest a year ago

Read more:  http://www.dinarupdates.com/showthread.php?48086-Oil-rises-above-55-a-barrel

Iraqi Dinar/Dollar auction 04-10-17 (most recent listing)

Currency Auctions Announcement No. 3419

This daily currency auction was held in the Central Bank of Iraq on the 04-10-2017

The results were as follows:

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.

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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

Robert Cook  CSW  CSS  CBP  CST  CTC

Iraq:

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

Indicative rates – 04.10.2017

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

US airstrikes on Syria: what we know so far

The US has launched a missile strike against Syria for the first time since the civil war began, targeting an airbase from which the US said this week’s chemical weapons attack on civilians was launched by Bashar al-Assad’s regime.

Live Second attack on Syrian town hit by chemical weapons reported after Trump strikes in Idlib – live

American military strike hits airbase in Syria in retaliation for what US president called ‘horrible chemical weapons attack’ in Idlib

What we know so far

The airstrikes targeted Shayrat airbase near Homs. The US has said this is the location from which Syrian forces launched a sarin nerve gas attack on the rebel-held town of Khan Sheikhun on Tuesday morning.

The Pentagon said 59 Tomahawk cruise missiles were launched from the warships USS Ross and Porter in the eastern Mediterranean in the early hours of Friday morning, local time.

A Syrian official told the Associated Press that at least seven were killed and nine were wounded in a US missile attack on the airbase. Reuters reported that the Syrian state news agency said the strikes killed nine civilians, including four children, in areas near the targeted airbase. The death toll has not been independently verified.

Some reports said senior officers had evacuated the base before the airstrikes happened and after foreign countries were notified of an imminent attack by the US.

President Bashar al-Assad’s office said the strike was “foolish and irresponsible” and “revealed its short-sightedness and political and military blindness to reality”. It said the government would redouble its efforts against rebel groups after the strike, adding: “the disgraceful act of targeting a sovereign state’s airport demonstrates once again that different administrations do not change deeper policies.”

Syrian rebels welcomed the strike and called for additional action. “Hitting one airbase is not enough – there are 26 airbases that target civilians,” a key figure in the Army of Islam faction, Mohamed Alloush, said on Twitter. “The whole world should save the Syrian people from the clutches of the killer Bashar [al-Assad] and his aides.

Russia, a Syria ally that has been helping the Assad regime target rebel-held districts, condemned the US action. Vladimir Putin’s spokesman, Dmitry Peskov, said the president regarded the strikes as “aggression against a sovereign state in violation of international law, and under a false pretext”.
Peskov said Trump’s move would have consequences for relations between the two countries. “With this step Washington has struck a significant blow to Russian-American relations, which were already in a sorry state.”

A Russian defence ministry statement read on state television said the US attack had been “ineffective” and claimed Syrian authorities were looking for 36 Tomahawk missiles that fell outside the base and missed the target. The statement also confirmed Russia would stop cooperation and communication with US forces in Syria.

Shortly thereafter, the Russian military said it would help Syria strengthen its air defences after the strike to help “protect the most sensitive Syrian infrastructure facilities”.

The US secretary of state, Rex Tillerson, said the strikes did not indicate a shift in US policy towards Syria, despite it being a significant change from the previous stance taken by the Trump administration. Tillerson said Russia bore responsibility for its handling of the 2013 deal that was supposed to remove Assad’s stockpile of chemical weapons.
The Pentagon confirmed Russia had been told in advance of the strike through military channels, despite earlier claims from Tillerson that there had been no contact.
Hillary Clinton called for the US to “take out” Syrian government-controlled airfields just hours before Trump launched airstrikes.

The world reacts to Trump’s Syria airstrikes

The move was supported by key US allies, including the UK, Australia, Israel and Saudi Arabia. Italy and Japan said they understood the action taken by the US.
The UK defence secretary, Michael Fallon, said the British government was not asked to provide military support to the US attack but believes it was a “wholly appropriate”. “We’re not committed to military action against Syria. Our parliament considered that before, back in 2013, and turned it down,” he said.

Iran, Assad’s regional backer, said it “strongly condemned” the strikes, as it condemned “all unilateral military action”. It said the action was taken under the “pretext” of the chemical strike. Bahram Ghasemi, Tehran’s foreign ministry spokesman, said the attack “strengthens the near-to-death terrorists and complicates the situation in Syria and the whole region”.

The UN coordinator for humanitarian affairs, Jens Laerke, says it had no sign that US military strikes against a Syrian airbase had had “any direct consequence” on overall aid operations in Syria. A UN human rights office spokeswoman, Ravina Shamdasani, said on Friday at a UN briefing that use of chemical weapons, if confirmed, would amount to a war crime.

Nato’s secretary general, Jens Stoltenberg, said Assad “bears full responsibility” for the US airstrikes against an airbase in Syria. The European commission said Jean-Claude Juncker “understands efforts to deter future attacks” and that the EU stood ready to play its role in finding a political solution to the crisis.
The Syrian Observatory on Human Rights said airstrikes may have struck Khan Sheikhun on Friday.

Read more: http://www.dinarupdates.com/showthread.php?48026-US-airstrikes-on-Syria-what-we-know-so-far

A Dinar Updates “FaceBook Live”!!
“LIVE Q&A with BGG”
tonite 6:30pm CST – Apr 7th
In the DU FaceBook Group!!

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

___________________________________________________________

___________________________________________________________

Key moments from the U.S.-led campaign in Iraq and Syria

US.-led forces have been carrying out airstrikes against Islamic State militants in Iraq and Syria since 2014, but have tried to avoid getting drawn into Syria’s ruinous civil war. On Thursday, President Trump authorized the deployment of cruise missiles against a Syrian air base in retaliation for an apparent poison-gas attack that U.S. officials say was carried out by President Bashar Assad’s military.

Read more: http://www.dinarupdates.com/showthread.php?48025-Key-moments-from-the-U-S-led-campaign-in-Iraq-and-Syria
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Follow us on twitter @DinarUpdates !!

Dinar Updates – “NEWS TIME” w/BGG & Company – April 9th  7:30pm CST – In the DU CHAT Room!!

www.DinarUpdates.com – save as favorite

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Safe Zones As Soft Military Occupation: Trump’s Plan For Syria, Iraq Is Taking Shape

The Trump administration is moving closer to its goal of creating “safe zones” within Syria. Though this strategy may be described as a humanitarian effort, the sizable increase in military presence that it will bring looks more like an invasion in disguise.

Soon after his inauguration, President Trump stoked concerns regarding of U.S. intervention in Syria after announcing his plan to create so-called “safe zones” within Syria. At the time, Trump had ordered Secretary of State Rex Tillerson, along with Secretary of Defense James Mattis, to create a plan within 90 days to create such “zones” within Syria in order to allow refugees in the war-torn nation to “await firm settlement, such as repatriation or potential third-country resettlement.”

Trump stated that this approach was preferable to the strategy adopted by European Union nations that resulted in the controversial influx of millions of refugees from Syria and other countries. As analysts noted at the time, the move, despite its allegedly humanitarian motivations, risked sparking something much more grave: the escalation of U.S. military involvement in Syria, which would greatly heighten the risk of conflict between the US. and the Syrian government, along with its Russian allies.

Now, it appears that Tillerson and Mattis are quickly approaching the completion of their strategy for the establishment of Syrian “safe zones” after Tillerson recently confirmed the administration’s commitment to the measure in both Syria and Iraq at a summit held for a 68-member U.S.-led coalition that is targeting Daesh.

Though the details of the plan have yet to be released, many members of the coalition and members of previous U.S. presidential administrations have voiced their concerns that “safe zones” would be ineffective, concerns that Trump himself once echoed in criticizing Hillary Clinton’s advocacy for such zones in the 2016 election. For example, Portuguese Foreign Minister Augusto Santos Silva stated that his government was “never close to favoring this solution,” arguing that forcing refugees “to stay in their country when you cannot ensure that they won’t be attacked by some of the warring factions” fails to comply with international law.

Indeed, the U.S.-led coalition seems quite unqualified to oversee civilian safety, as bombing campaigns in recent months have claimed more innocent Syrian and Iraqi lives than military actions taken by Daesh or any other faction currently active in those countries.

In addition, tensions between coalition members and some U.S. allies in the region threaten even the feasibility of establishing the zones in the first place. Any plan to establish the zones would require cooperation with Russia and Syria, who are likely to oppose any such measure, as the zones would necessitate a massive increase in the U.S. military presence in Syria. Furthermore, the zones are set to be held by a still undetermined mix of Turkish, Kurdish and Western forces – an unlikely combination due to the often explosive antagonism between the Turks and the Kurds.

Brian McKeon, former undersecretary of defense for policy in the Obama-era Pentagon, echoed such concerns, stating that safe zones would be counter-productive in the fight against Daesh in an interview with Foreign Policy:

“A safe zone in theory assumes some agreement on the part of the Russians, Turks and possibly Syrians to yield sovereignty, or you don’t have agreement. The number of assets it would take to defend against potential attacks would likely be to the detriment of the counter-ISIL campaign.”

Safe Or Subterfuge? Zones Will Bring Large And Enduring Military Presence

Image result for safe zone syria

Considering that such “safe zones” will in no way guarantee safety of any kind and may be entirely impossible to implement due to Turkish-Kurdish tensions, the Trump administration’s commitment to such measures – along with other actions they have recently taken in the region – suggest that their real motivation is something else entirely.

Most telling of all is the fact that the debate over safe zones has coincided with the increased movement of U.S. troops and military assets into Syria and Iraq, such as the U.S.’ recent deployment of 2,500 soldiers to both Iraq and Syria. In addition, the U.S. government has signaled that these troops will remain in those nations long after Daesh is no longer deemed a threat.

For instance, hidden within the announcement of U.S. troop deployment in the Syrian city of Raqqa was the admission that the troops will be “required” to stabilize the region after Daesh’s defeat, as U.S. officials anticipate that “America’s allies” will need assistance in establishing “Syrian-led peacekeeping efforts” in the region for the foreseeable future. As for the forces to be deployed to Iraq, Tillerson confirmed that they would remain in Iraq after the defeat of Daesh in Mosul, despite his promise that no “nation-building” would take place afterwards.

Any additional forces deployed in Syria and Iraq for the establishment of “safe zones” would also ostensibly form part of an indefinite military presence within nations that have not authorized their operations within their borders – making these troop movements tantamount to an invasion. Moreover, the recent announcement from the Pentagon that they would no longer be publicly announcing subsequent troop deployments suggests that the U.S. government is seeking to obfuscate what is set to be a drastic increase in U.S. military presence in both Syria and Iraq – an increase set to spark geopolitical tensions in the region and beyond.

Ultimately, these safe zones – despite their humanitarian function – seem to be nothing more than an excuse to justify an increased U.S. military presence within Syrian and Iraqi borders – forces which, by the military’s own admission, have no intention of leaving anytime soon.

Watch A US armored convoy enter the city of Manbij, Syria:

Read more:  http://www.dinarupdates.com/showthread.php?48027-Safe-Zones-As-Soft-Military-Occupation-Trump%92s-Plan-For-Syria-Iraq-Is-Taking-Shape

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Abadi: Iraq is improving in its credit rating

Independent Iraqi News Agency – Baghdad Prime Minister Haider Abadi said that Iraq has improved its credit rating.

Abadi promised this improvement “despite the drop in oil prices and the low revenues as a success in itself.”

“There is an improvement in the low-income government agreement for low-income people, offset by a reduction in spending for high-income earners
Content Link

Read more: http://www.dinarupdates.com/showthread.php?48012-Abadi-Iraq-is-improving-in-its-credit-rating
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The final proof of greatness lies in being able to endure criticism without resentment. – Elbert Hubbard

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BGG (Dinar Guru) –   When we talk about the price tag the IMF and the UN have put on Mosul…one has to wonder exactly what leverage the UN has in this game…  It is clear what say the IMF has – they are the IMF… but the UN, on the other hand, not so clear…unless viewed through this narrow window. I doubt the UN will allow Iraq an immediate exit from Chapter 7 – the sanctions, yes… the protection… I just doubt it.  What does this mean for us? As long as they are doing as the IMF and UN have laid out for them – no reason the IMF and the UN won’t support a return “international acceptance and integration”…and that is all any of us care about.  [what has to happen for them to get out of chapter 7]   A better question – and the one we all really want to know is… do they even have to be fully out of Chapter 7?   My guess. No – they do not…

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

Eat Well – Lose Weight!!

1bobby (Dinar Guru) –  …if we look at CH 7, the 2 big ones that were given back to Iraq were the right to defend themselves and control of their currency.   Having the U.N announce the removal of CH 7 to the world is what Abadi’s looking for.

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

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Report .. Is Recovering the Iraqi dinar?

There is no doubt that the main driving force of economic growth in Iraq, is its natural resources, which is reflected in the large number of oil and gas fields, which have become open to international trade.

And investing companies from all over the world in the development of these resources, which is reflected in the increasing oil exports in the country. It seems that Iraq has fully recovered from the damage suffered in the time of Saddam Hussein’s regime.

And on further exploration of Iraq’s oil reserves by international companies that are supposed to lead to a major increase in oil wealth, as well as known reserves in Iraq, it seems the country in spite of all these features have to form a geologist could reach the summit of wealth, unlike countries that spend a lot of money drilling, and this leads having to pay exorbitant costs for the extraction of oil.

A good example of this, the advantages of Iraqi production. The country produces oil, despite the ongoing war in which, unlike Saudi Arabia, which it wants to increase spending to avoid bankruptcy of shale oil production. While oil producers have been affected in the United States because of an attack on Saudi Arabia over Yemen, Iraq still continues its production and sale of oil profitably.

The value of the country’s economy as well as its currency, directly reflected in its natural resources, oil Valahtaatat large Iraqi, enough to push the young democratic economy to prosperity. Given that there is a need for oil, it is indispensable for gas all over the world. The Iraq can look forward to the continued growth through the growing role of the public oil supplier.

Although Iraq was not previously economically exists, but it has become clear and increasingly present a strong regional role given natural Mahmyate. In fact, Iraq’s oil minister said recently that Iraq will produce 5 million barrels per day in the second half of the year 2017.

With the economic boom led by the oil industry in Iraq, the national currency will rise eventually to reflect the true value of the oil indispensability of the country. It is likely to happen up when the central bank raises the value of the dinar.

In addition, the current political events play a key role in predicting the future of the national currency, and the “ban” on the Islamic countries, provoked by the US President, would have significant consequences for the Iraqi economy.

The decision proved Trump by lifting the ban Iraq from the list of travel to the United States, a great benefit to the country’s currency for other foreign currencies Iraqis exchanged more advantageous prices.

In any case, it seems the Iraqi dinar waiting for a bright future, in the end it is important to note that Iraq offers a wealth of investment opportunities in many industries with high-based oil and gas reserves of the economy.

These opportunities will become more pronounced in the coming years, as the government will continue to provide new possibilities for international investors.

Source: Online Treading News

Read more: http://www.dinarupdates.com/showthread.php?47994-Report-Is-Recovering-the-Iraqi-dinar

Iraqi Dinar/Dollar auction 04-06-17 (most recent listing)

Currency Auctions Announcement No. 3417

This daily currency auction was held in the Central Bank of Iraq on the 04-06-2017

The results were as follows:

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

Robert Cook  CSW  CSS  CBP  CST  CTC

Iraq:

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

Indicative rates – 04.07.2017

http://www.cbi.iq/

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

Thanks – BGG!!

www.DinarUpdates.com

Report .. Is Recovering the Iraqi dinar?

There is no doubt that the main driving force of economic growth in Iraq, is its natural resources, which is reflected in the large number of oil and gas fields, which have become open to international trade.

And investing companies from all over the world in the development of these resources, which is reflected in the increasing oil exports in the country. It seems that Iraq has fully recovered from the damage suffered in the time of Saddam Hussein’s regime.

And on further exploration of Iraq’s oil reserves by international companies that are supposed to lead to a major increase in oil wealth, as well as known reserves in Iraq, it seems the country in spite of all these features have to form a geologist could reach the summit of wealth, unlike countries that spend a lot of money drilling, and this leads having to pay exorbitant costs for the extraction of oil.

A good example of this, the advantages of Iraqi production. The country produces oil, despite the ongoing war in which, unlike Saudi Arabia, which it wants to increase spending to avoid bankruptcy of shale oil production. While oil producers have been affected in the United States because of an attack on Saudi Arabia over Yemen, Iraq still continues its production and sale of oil profitably.

The value of the country’s economy as well as its currency, directly reflected in its natural resources, oil Valahtaatat large Iraqi, enough to push the young democratic economy to prosperity. Given that there is a need for oil, it is indispensable for gas all over the world. The Iraq can look forward to the continued growth through the growing role of the public oil supplier.

Although Iraq was not previously economically exists, but it has become clear and increasingly present a strong regional role given natural Mahmyate. In fact, Iraq’s oil minister said recently that Iraq will produce 5 million barrels per day in the second half of the year 2017.

With the economic boom led by the oil industry in Iraq, the national currency will rise eventually to reflect the true value of the oil indispensability of the country. It is likely to happen up when the central bank raises the value of the dinar.

In addition, the current political events play a key role in predicting the future of the national currency, and the “ban” on the Islamic countries, provoked by the US President, would have significant consequences for the Iraqi economy.

The decision proved Trump by lifting the ban Iraq from the list of travel to the United States, a great benefit to the country’s currency for other foreign currencies Iraqis exchanged more advantageous prices.

In any case, it seems the Iraqi dinar waiting for a bright future, in the end it is important to note that Iraq offers a wealth of investment opportunities in many industries with high-based oil and gas reserves of the economy.

These opportunities will become more pronounced in the coming years, as the government will continue to provide new possibilities for international investors.

Source: Online Treadeng News

Translation and News

Read more: http://www.dinarupdates.com/showthread.php?47994-Report-Is-Recovering-the-Iraqi-dinar

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Security expert: Full victory achieved in Mosul and the treatment of sleeper cells

Security expert: Full victory achieved in Mosul and the treatment of sleeper cells

(Baghdad: Al-Furat News) said security expert Amir Saadi, on Wednesday, that victory is fully achieved in the city of Mosul, although there are neighborhoods have not resolved their liberation.

“Al-Saadi told the Euphrates News that” victory is fully achieved in the city of Mosul, although some neighborhoods are not liberated, but the decisive victory has been achieved, “noting that” a change calling the name of the neighborhood July 17 to the neighborhood of stability shows me a significant decline, Which declares the victory of the armed forces. ”

“It is only a few days before the announcement of victory,” he said.

On the security situation in the city of Tikrit, the center of the province of Salah al-Din, said Saadi, “The focus of anarchism focused on the targeting of security and stability, and try to stabilize the ground and obtain a military victory, and today exploits some pockets in the left-hand area of ​​the province of Sharqat, But there are areas that can infiltrate from them are urging. ”

The security expert stressed the need to “address sleeper cells waiting for zero hour to carry out terrorist operations.”

The city of Tikrit on Tuesday evening, two suicide bombings in the city center resulted in the deaths of more than 31 people and wounding dozens, while the security forces killed the remaining terrorists who infiltrated into the city.

Read more:  http://www.dinarupdates.com/showthread.php?47993-Security-expert-Full-victory-achieved-in-Mosul-and-the-treatment-of-sleeper-cells

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Abadi: Iraq is improving in its credit rating

Independent Iraqi News Agency – Baghdad Prime Minister Haider Abadi said that Iraq has improved its credit rating.

Abadi promised this improvement “despite the drop in oil prices and the low revenues as a success in itself.”

“There is an improvement in the low-income government agreement for low-income people, offset by a reduction in spending for high-income earners
Content Link

Read more: http://www.dinarupdates.com/showthread.php?48012-Abadi-Iraq-is-improving-in-its-credit-rating

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Nineveh Council reveals “government projects” after the liberation of Mosul

Baghdad / .. Revealed the Nineveh Provincial Council, on Thursday, the federal government’s political, security, service and other projects for the post-liberation of the province of the organization calling the terrorist.

Council member Hossam Alabbar told “Iraq News” that “the federal government a number of political and security projects and services after the liberation of Mosul, and the most important of these projects the return of displaced persons to their areas, and the impact of their return to the security situation in the province,” noting that “the government Also important service projects for the reconstruction of areas destroyed by military operations, as well as the provision of basic services to the people.

Al-Abbar added that “the most important projects of the political government is not to divide Nineveh and the establishment of provinces as well as stand against all those who want to spread sedition and rumor among the Muslinin after the liberation of their province,” adding that “the federal government promised that Nineveh will participate in the upcoming parliamentary elections, With the parliamentary, so that Nineveh can participate in it, it can not participate in local elections. ”

The joint Iraqi forces are engaged in large-scale military operations to restore the city of Mosul from the organization of “Daash”, while the commander-in-chief of the armed forces Haider Abadi, on February 19, 2017, the launch of a new page of operations “coming to Nineveh” to liberate the right side of the city.

Read more:  http://www.dinarupdates.com/showthread.php?48016-Nineveh-Council-reveals-quot-government-projects-quot-after-the-liberation-of-Mosul

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Rasheed Bank directs its branches open documentary credits to public and private sector companies.

In General Manager Rasheed Bank, Rashad khudair, branches to expand open documentary credits to public and private companies.

Lone said a statement to inform the Bank received {Euphrates news} copy of it, that process the most effective means for settling international sales operations so as to ensure the seller receiving the goods and the buyer received the goods and by correspondent banks to Rasheed Bank abroad in accordance with the rules. ”

He noted that “the sums converted at the official exchange rate set by the Central Bank of Iraq”.

Read More:  http://www.dinarupdates.com/showthread.php?47936-Rasheed-Bank-directs-its-branches-open-documentary-credits-to-public-and-private-sect

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BGG (Dinar Guru) –   When we talk about the price tag the IMF and the UN have put on Mosul…one has to wonder exactly what leverage the UN has in this game…  It is clear what say the IMF has – they are the IMF… but the UN, on the other hand, not so clear…unless viewed through this narrow window. I doubt the UN will allow Iraq an immediate exit from Chapter 7 – the sanctions, yes… the protection… I just doubt it.  What does this mean for us? As long as they are doing as the IMF and UN have laid out for them – no reason the IMF and the UN won’t support a return “international acceptance and integration”…and that is all any of us care about.  [what has to happen for them to get out of chapter 7]   A better question – and the one we all really want to know is… do they even have to be fully out of Chapter 7?   My guess. No – they do not…

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

Eat Well – Lose Weight!!

Be courteous to all, but intimate with few. – George Washington

1bobby (Dinar Guru) –  …if we look at CH 7, the 2 big ones that were given back to Iraq were the right to defend themselves and control of their currency.   Having the U.N announce the removal of CH 7 to the world is what Abadi’s looking for.

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

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Abadi: Anti – terrorism apparatus has become the first force in the Middle East

Twilight News / Iraqi Prime Minister General Commander of the Armed Forces Haider al-Abadi / said on Saturday that the anti-terrorism apparatus of the Iraqi army has become the first force in the Middle East.

This came during his visit to the headquarters of the anti-terrorism system, which includes the elite forces have received training at the hands of the US military, which serves as the head of the spear in the ongoing military campaign to expel Daesh from Mosul.

A statement by the Office of the Abadi responded to Twilight News, he said that al-Abadi met with officers and the ranks of anti-terrorism apparatus, and praised “their role in the fight against terrorism and achieve victories on Daesh,” asserting that “the device has become the first force in the Middle East.”

He said the Prime Minister that “the heroes of anti-terrorism apparatus have two characteristics different in that one Ataatovr in any army of the world’s ferocity and strength in the fighting and humanitarian sympathy on civilians.”

He continued Abadi, saying, “We will not contain the Aldoaash we will not allow their survival in Iraq.”

Read More: http://www.dinarupdates.com/showthread.php?47900-Abadi-Anti-%96-terrorism-apparatus-has-become-the-first-force-in-the-Middle-East

Iraqi Dinar/Dollar auction 04-06-17 (most recent listing)

Currency Auctions Announcement No. 3417

This daily currency auction was held in the Central Bank of Iraq on the 04-02-2017

The results were as follows:

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

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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.

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

Robert Cook  CSW  CSS  CBP  CST  CTC

Iraq:

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

Indicative rates – 04.06.2017

http://www.cbi.iq/

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

Thanks – BGG!!

www.DinarUpdates.com

 Iraq: Confidence is in the Air

At a major Iraqi business event on Monday, there was a strong sense that Iraq’s fortunes are turning a corner, with the Islamic State group (IS, ISIS, ISIL, Da’esh) on the retreat, and substantial export funding newly available for projects in the country.

More than 250 delegates attended the Iraq Britain Business Council (IBBC)‘s Spring Conference in London, with half of those flying in from Iraq.

Amongst detailed discussions on topics such as energy, finance and technology, several soundbites captured the overall mood of the conference:

“Confidence has returned to Baghdad — it is in the air! Baghdad is confident again, and it’s absolutely wonderful.”

— Baroness Emma Nicholson (pictured), UK Prime Minister’s Trade Envoy to Iraq.

“I am confident that Iraq is recovering.”

— Dr Andrew Parmley, Lord Mayor of the City of London.

“Despite … challenges, I do believe that the trajectory for Iraq is upwards … Don’t be shy in suggesting projects.”

— Frank Baker OBE, British Ambassador to Iraq.

The IBBC Spring Conference focused on the rising confidence of Iraq’s private sector, bringing to attention liberated areas open to investment, and discussing new areas for expansion, such as infrastructure and technology.

Read more:  http://www.dinarupdates.com/showthread.php?47979-Iraq-Confidence-is-in-the-Air

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Oil: oil exports and a slight rise in fiscal revenues for the month of March

Direction/Baghdad The oil Ministry announced Wednesday, a slight rise in oil exports and fiscal revenue last month, noting that the average daily export amounted to more than 3 million barrels.

He said the Ministry’s spokesman Assem Jihad in a statement “trend” I got a copy of it to “preliminary statistics issued by the Iraqi oil marketing company SOMO had shown that there was a slight increase in the total quantities exported crude for March with these 101 million amounts to 31 and 675 000 barrels”, noting that “fiscal revenue is increased by more than 4 billion and 744 million and 730 thousand dollars.”

Jihad said that “total quantities exported crude for March past produced from oil fields in Central and southern Iraq reached 99 million 504 thousand 916 barrels were exported from the southern ports and buoys, while the total exports from the Kirkuk oil 526 million thousand and 759 barrels.”

Jihad said that the average daily export of 3 million and 259, 000 and 68 barrels “, stating that” the average price of a barrel reached $46.963.

Iraq was approved on 30 November to reduce oil production by 210 million barrels after OPEC Member States agreed on the first cut of oil production since 2008, and the amount of 1.200 million barrels a day.

Read more:  http://www.dinarupdates.com/showthread.php?47987-Oil-oil-exports-and-a-slight-rise-in-fiscal-revenues-for-the-month-of-March

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A military source: besieged Baghdadi in Mosul and near the end

{Baghdad: Euphrates News} a military source said early on Sunday that security forces are likely to be Abu Bakr al-Baghdadi, leader of the terrorist gangs Daesh occurred in the siege in Mosul and its end came close.

The source said that “what is likely to conclude the Iraqi military, infiltration attempt Aldoaash ten days ago in a convoy of vehicles quad payment backed by a few tanks to the Iraqi city of Tal Afar , near Mosul from Syria.”

He added, ” The terrorists tried to decipher the ring referred to followers of them trapped in Tal Afar, in order to serve in the event of the success of their plan to strengthen their abilities to march on Mosul.”

He pointed to “enable the popular crowd forces from the liquidation of all those who were in the convoy mentioned Aldoaash mentioned, while likely Our analysts to be the purpose behind trying to infiltrate terrorists into Tal Afar and then Mosul, the evacuation of the remaining leaders in Daesh there, or save Baghdadi himself, especially and we do not rule out its presence in Mosul. ”

The source did not enslave be Baghdadi wounded in Mosul after the bombing of the gatherings “Daesh” on the Syrian – Iraqi border recently.
The airline Air Force, was killed last Friday 200 terrorist gangs Daesh infiltrated from Syria to the west of the city of Mosul.

According to a statement to the media war, he received {Euphrates News}, “based on the information of the General Directorate of Ostbart and security, carried out the Hawks Air Force several air strikes resulted in the destruction of three nests and clusters of elements Daesh terrorist and killed nearly {150 to 200} terrorists entered from Syria to Baaj district south west of Tal Afar , “.anthy

Read more: http://www.dinarupdates.com/showthread.php?47938-A-military-source-besieged-Baghdadi-in-Mosul-and-near-the-end

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National Alliance: raise the flag of the Kurdistan Region in Kirkuk step is unsuccessful

Described the National Alliance on Sunday evening in the presence of Iraqi Prime Minister Haider al – Abadi, the Kirkuk provincial council decision to raise the flag of the Kurdistan Region in the province circles as a “step unsuccessful.”

A statement for the presidency of the alliance held a meeting public body in a statement seen by Roudao media network, he said that ” the General Authority of the National Alliance held its regular meeting in the presence of Prime Minister Haider al – Abadi, discussed the participants are coming operations files Aaninoy victories achieved by the security forces Daesh terrorist near the resolution of the battle militarily with terrorism. ”

The statement “files distributed meeting on the issue of interrogations and the results of some of the committees of the National Alliance, while counting the National Alliance Kirkuk Provincial Council decision to raise the flag of the Kurdistan Region in the province in isolation from the rest of the ingredients step is successful and contrary to maintain national cohesion requirements, and called on participants to peaceful coexistence between the sons of the province. ”

The meeting underlined ” the importance of questioning a constitutional right to provide conditions for the interrogation and not be far from professional,” stressing ” the importance of canthus challenges faced by Iraq on the security, economic and political level.”

For his part, Prime Minister Haider al – Abadi , ” a detailed explanation on the developments in the battle and the results of his visit to Washington, and the results of his attendance at the meetings of the Arab summit.”

Read more: http://www.dinarupdates.com/member.php?49998-Loopback

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Rasheed Bank directs its branches open documentary credits to public and private sector companies.

In General Manager Rasheed Bank, Rashad khudair, branches to expand open documentary credits to public and private companies.

Lone said a statement to inform the Bank received {Euphrates news} copy of it, that process the most effective means for settling international sales operations so as to ensure the seller receiving the goods and the buyer received the goods and by correspondent banks to Rasheed Bank abroad in accordance with the rules. ”

He noted that “the sums converted at the official exchange rate set by the Central Bank of Iraq”.

Read More:  http://www.dinarupdates.com/showthread.php?47936-Rasheed-Bank-directs-its-branches-open-documentary-credits-to-public-and-private-sect

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BGG (Dinar Guru) –   When we talk about the price tag the IMF and the UN have put on Mosul…one has to wonder exactly what leverage the UN has in this game…  It is clear what say the IMF has – they are the IMF… but the UN, on the other hand, not so clear…unless viewed through this narrow window. I doubt the UN will allow Iraq an immediate exit from Chapter 7 – the sanctions, yes… the protection… I just doubt it.  What does this mean for us? As long as they are doing as the IMF and UN have laid out for them – no reason the IMF and the UN won’t support a return “international acceptance and integration”…and that is all any of us care about.  [what has to happen for them to get out of chapter 7]   A better question – and the one we all really want to know is… do they even have to be fully out of Chapter 7?   My guess. No – they do not…

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

Eat Well – Lose Weight!!

Freedom is the right to question and change the established way of doing things. – Ronald Reagan

1bobby (Dinar Guru) –  …if we look at CH 7, the 2 big ones that were given back to Iraq were the right to defend themselves and control of their currency.   Having the U.N announce the removal of CH 7 to the world is what Abadi’s looking for.

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

The Dinar Round Table Call!!
“with the whole DU Crew”
from Tues nite – Mar 14th
Click-N-Listen!!

Smart phone user link – Click here

Abadi: Anti – terrorism apparatus has become the first force in the Middle East

Twilight News / Iraqi Prime Minister General Commander of the Armed Forces Haider al-Abadi / said on Saturday that the anti-terrorism apparatus of the Iraqi army has become the first force in the Middle East.

This came during his visit to the headquarters of the anti-terrorism system, which includes the elite forces have received training at the hands of the US military, which serves as the head of the spear in the ongoing military campaign to expel Daesh from Mosul.

A statement by the Office of the Abadi responded to Twilight News, he said that al-Abadi met with officers and the ranks of anti-terrorism apparatus, and praised “their role in the fight against terrorism and achieve victories on Daesh,” asserting that “the device has become the first force in the Middle East.”

He said the Prime Minister that “the heroes of anti-terrorism apparatus have two characteristics different in that one Ataatovr in any army of the world’s ferocity and strength in the fighting and humanitarian sympathy on civilians.”

He continued Abadi, saying, “We will not contain the Aldoaash we will not allow their survival in Iraq.”

Read More: http://www.dinarupdates.com/showthread.php?47900-Abadi-Anti-%96-terrorism-apparatus-has-become-the-first-force-in-the-Middle-East

Iraqi Dinar/Dollar auction 04-05-17 (most recent listing)

Currency Auctions Announcement No. 3416

This daily currency auction was held in the Central Bank of Iraq on the 04-02-2017

The results were as follows:

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

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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

Robert Cook  CSW  CSS  CBP  CST  CTC

Iraq:

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

Indicative rates – 04.05.2017

http://www.cbi.iq/

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

Thanks – BGG!!

www.DinarUpdates.com

Positive for the development of Iraq’s future outlook will have a positive impact among investors

Economy News / translation …A report of the Network (CNBC) American that confidence expressed by Fitch International Foundation bisect the credit of the Iraqi economy last month, which will have a positive impact on investment in Iraq.

Network wrote in its report that Fitch gave Iraq rating B + with a positive outlook for the future, which believes it will be stable, although it is fighting a war against (Daesh).

She added that Fitch placed Iraq at the level of B + due to political risks and instability caused by conflicts going through.

But he noted that the positive outlook for the situation in Iraq will have a positive impact among investors who fear pumping their money in it.

He said the financial expert Stephen Simonis said Iraq can raise growth rates, thanks to its oil reserves and other sectors that can be relied upon.

The report added that the granting of Fitch Iraq this confidence gives the green light to invest in it, pointing out that the Iraq Stock Exchange is working with all his strength since last year, and that there are expectations of re currently allocated for military spending in the budget and give the distribution of funds boost spending on infrastructure and revive the economy.

The Fitch has indicated in its report released in March / last March to improve the financial situation of Iraq, and the expected contraction of the fiscal deficit in the budget to 5.1 percent of GDP this year due to high oil revenues, and increased government spending by 12.1 percent after three years of decline.

Read more:  http://www.dinarupdates.com/showthread.php?47957-Positive-for-the-development-of-Iraq-s-future-outlook-will-have-a-positive-impact

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This confidence boost may be the starting pistol on Iraq’s Road to becoming a market economy.

War-torn Iraq recently got an unexpected boost on its way to becoming an investment hot spot, which may take its next step sooner than conventional wisdom suggests.

Even as military forces wage a fierce offensive against ISIS, global ratings agency Fitch upgraded last month Iraq’s outlook to stable, based largely on the country’s improving public finances.

To be sure, Iraq’s B+ credit rating is still deeply entrenched in speculative, or junk territory. The low rating reflects what Fitch analysts called political risk and instability associated with the conflict-ridden country that’s “among the highest faced by any sovereign rated by Fitch.”

Yet as a marker for big institutional buyers like hedge funds and sovereign wealth arms, Fitch’s vote of confidence could mark the start of a broader shift among investors about Iraq’s long-term potential. The upgrade could be pivotal for a country still considered besieged, but considered by a handful of savvy market watchers to be a potential diamond in the rough.

“Some analysts say that investors believe that with solid oil reserves and other sectors to build upon, Iraq could have serious growth potential,” said Stephen Simonis Sr., chief currency consultant at online currency broker FXDD Global.

“Clearly this can be looked at from either side, as the willing investor will point out the huge risk/reward possibility as the upside is very enticing,” Simonis told CNBC. “The doubting investor will say the region remains too unstable and the situation remains far too volatile.”

Iraq remains a country to approach with caution, analysts say, roiled by an ISIS insurgency and civil strife. Yet Fitch’s revised outlook could be a green light for buyers of Iraq’s assets, especially at a time when smaller institutional and private investors are seeking long-term opportunities.

In fact, Iraq’s stock market has already been running with at full steam since at least last year, with investors discounting an end to a bloody conflict that’s lasted since the 2003 invasion. Some are looking ahead to the reallocation of military spending and the potential boost to infrastructure spending and economic revival.

While foreigners have been mostly absent from the equity market for the month of March, some are already looking for signs that the Fitch decision could reverse this dynamic.

“Overall, foreign interest in Iraq continues to go through a transformational change in the eyes of global institutional investors,” Ahmed Tabaqchali, chief investment officer of Asia Frontier Capitals Iraq Fund, told CNBC.

In fact, Iraq’s sovereign risk premium has narrowed in an environment of rising yields, just after the country tapped capital markets with a second $1 billion bond offering.

“It seems logical to conclude that this implies favorable interest in Iraq and that it would likely be followed by foreign direct investment and eventually by equity inflows,” Tabaqchali said.

Although Iraq joined other OPEC members in a production cut — a challenge for the country’s oil-reliant economy — some analysts believe the oil sector is managing to stay afloat in an environment of lower prices.

Read more: http://www.dinarupdates.com/showthread.php?47939-Office-of-the-United-Nations-investigating-Abadi-40-corruption-file-welakhrbaa-withou

A Dinar Round Table Call – Tonite!!
“with the whole DU Crew”
from Tues nite – Apr 4th
Click-N-Listen!!

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A military source: besieged Baghdadi in Mosul and near the end

{Baghdad: Euphrates News} a military source said early on Sunday that security forces are likely to be Abu Bakr al-Baghdadi, leader of the terrorist gangs Daesh occurred in the siege in Mosul and its end came close.

The source said that “what is likely to conclude the Iraqi military, infiltration attempt Aldoaash ten days ago in a convoy of vehicles quad payment backed by a few tanks to the Iraqi city of Tal Afar , near Mosul from Syria.”

He added, ” The terrorists tried to decipher the ring referred to followers of them trapped in Tal Afar, in order to serve in the event of the success of their plan to strengthen their abilities to march on Mosul.”

He pointed to “enable the popular crowd forces from the liquidation of all those who were in the convoy mentioned Aldoaash mentioned, while likely Our analysts to be the purpose behind trying to infiltrate terrorists into Tal Afar and then Mosul, the evacuation of the remaining leaders in Daesh there, or save Baghdadi himself, especially and we do not rule out its presence in Mosul. ”

The source did not enslave be Baghdadi wounded in Mosul after the bombing of the gatherings “Daesh” on the Syrian – Iraqi border recently.
The airline Air Force, was killed last Friday 200 terrorist gangs Daesh infiltrated from Syria to the west of the city of Mosul.

According to a statement to the media war, he received {Euphrates News}, “based on the information of the General Directorate of Ostbart and security, carried out the Hawks Air Force several air strikes resulted in the destruction of three nests and clusters of elements Daesh terrorist and killed nearly {150 to 200} terrorists entered from Syria to Baaj district south west of Tal Afar , “.anthy

Read more: http://www.dinarupdates.com/showthread.php?47938-A-military-source-besieged-Baghdadi-in-Mosul-and-near-the-end

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite

___________________________________________________________

National Alliance: raise the flag of the Kurdistan Region in Kirkuk step is unsuccessful

Described the National Alliance on Sunday evening in the presence of Iraqi Prime Minister Haider al – Abadi, the Kirkuk provincial council decision to raise the flag of the Kurdistan Region in the province circles as a “step unsuccessful.”

A statement for the presidency of the alliance held a meeting public body in a statement seen by Roudao media network, he said that ” the General Authority of the National Alliance held its regular meeting in the presence of Prime Minister Haider al – Abadi, discussed the participants are coming operations files Aaninoy victories achieved by the security forces Daesh terrorist near the resolution of the battle militarily with terrorism. ”

The statement “files distributed meeting on the issue of interrogations and the results of some of the committees of the National Alliance, while counting the National Alliance Kirkuk Provincial Council decision to raise the flag of the Kurdistan Region in the province in isolation from the rest of the ingredients step is successful and contrary to maintain national cohesion requirements, and called on participants to peaceful coexistence between the sons of the province. ”

The meeting underlined ” the importance of questioning a constitutional right to provide conditions for the interrogation and not be far from professional,” stressing ” the importance of canthus challenges faced by Iraq on the security, economic and political level.”

For his part, Prime Minister Haider al – Abadi , ” a detailed explanation on the developments in the battle and the results of his visit to Washington, and the results of his attendance at the meetings of the Arab summit.”

Read more: http://www.dinarupdates.com/member.php?49998-Loopback

____________________________________________________________

Rasheed Bank directs its branches open documentary credits to public and private sector companies.

In General Manager Rasheed Bank, Rashad khudair, branches to expand open documentary credits to public and private companies.

Lone said a statement to inform the Bank received {Euphrates news} copy of it, that process the most effective means for settling international sales operations so as to ensure the seller receiving the goods and the buyer received the goods and by correspondent banks to Rasheed Bank abroad in accordance with the rules. ”

He noted that “the sums converted at the official exchange rate set by the Central Bank of Iraq”.

Read More:  http://www.dinarupdates.com/showthread.php?47936-Rasheed-Bank-directs-its-branches-open-documentary-credits-to-public-and-private-sect

____________________________________________________________

BGG (Dinar Guru) –   When we talk about the price tag the IMF and the UN have put on Mosul…one has to wonder exactly what leverage the UN has in this game…  It is clear what say the IMF has – they are the IMF… but the UN, on the other hand, not so clear…unless viewed through this narrow window. I doubt the UN will allow Iraq an immediate exit from Chapter 7 – the sanctions, yes… the protection… I just doubt it.  What does this mean for us? As long as they are doing as the IMF and UN have laid out for them – no reason the IMF and the UN won’t support a return “international acceptance and integration”…and that is all any of us care about.  [what has to happen for them to get out of chapter 7]   A better question – and the one we all really want to know is… do they even have to be fully out of Chapter 7?   My guess. No – they do not…

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

Eat Well – Lose Weight!!

Freedom is the right to question and change the established way of doing things. – Ronald Reagan

1bobby (Dinar Guru) –  …if we look at CH 7, the 2 big ones that were given back to Iraq were the right to defend themselves and control of their currency.   Having the U.N announce the removal of CH 7 to the world is what Abadi’s looking for.

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

The Dinar Round Table Call!!
“with the whole DU Crew”
from Tues nite – Mar 14th
Click-N-Listen!!

Smart phone user link – Click here

Abadi: Anti – terrorism apparatus has become the first force in the Middle East

Twilight News / Iraqi Prime Minister General Commander of the Armed Forces Haider al-Abadi / said on Saturday that the anti-terrorism apparatus of the Iraqi army has become the first force in the Middle East.

This came during his visit to the headquarters of the anti-terrorism system, which includes the elite forces have received training at the hands of the US military, which serves as the head of the spear in the ongoing military campaign to expel Daesh from Mosul.

A statement by the Office of the Abadi responded to Twilight News, he said that al-Abadi met with officers and the ranks of anti-terrorism apparatus, and praised “their role in the fight against terrorism and achieve victories on Daesh,” asserting that “the device has become the first force in the Middle East.”

He said the Prime Minister that “the heroes of anti-terrorism apparatus have two characteristics different in that one Ataatovr in any army of the world’s ferocity and strength in the fighting and humanitarian sympathy on civilians.”

He continued Abadi, saying, “We will not contain the Aldoaash we will not allow their survival in Iraq.”

Read More: http://www.dinarupdates.com/showthread.php?47900-Abadi-Anti-%96-terrorism-apparatus-has-become-the-first-force-in-the-Middle-East

Iraqi Dinar/Dollar auction 04-03-17 (most recent listing)

Currency Auctions Announcement No. 3414

This daily currency auction was held in the Central Bank of Iraq on the 04-02-2017

The results were as follows:

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

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

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

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

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
Bounce domain – cts.vresp.com

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

____________________________________________________________

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

Robert Cook  CSW  CSS  CBP  CST  CTC

Iraq:

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

Indicative rates – 04.3.2017

http://www.cbi.iq/

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

Thanks – BGG!!

www.DinarUpdates.com