Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction 02-16-17 (most recent listing)

Currency Auctions Announcement No. 3383

This daily currency auction was held in the Central Bank of Iraq on the 02-16-2017

The results were as follows:

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

The difference between death and taxes is death doesn’t get worse every time Congress meets. – Will Rogers

*** Current News ***

Here is the link to join the Dinar Updates “private” FaceBook Group…

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

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

A Dinar Round Table Call
“with the whole DU Crew!!”
from Thurs – Feb 16th
Click-N-Listen!!

Smart phone user link – Click here

BGG (Dinar Guru) –   Iraq NEEDS INTERNATIONAL ACCEPTANCE in the worst way – they don’t “self-determine” that…they have to garner such support.  Who cares what you price your “product” (ie; currency) at – if no one will buy it?  Saddam found that out the hard way…anyone recall what happened when the CBI went out and tried to peddle their first bond offering last year?   WITHOUT INTERNATIONAL ACCEPTANCE?  nothing…zip…crickets.   why?  they hadn’t quite met the mark just yet…and they were a little ahead of the game. Now – even this AM, we’ve got MP’s coming out saying there will be NO SECTARIANISM in Iraq ever again…they may not have it all figured out just yet – but they are getting feel of the song…and these vibes (from the world community) is what I said TO BANK ON… mainly because it’s the trend line I’m seeing in the News – period.   No prediction needed.  Iraq appears to have a few items to take care of yet… and they look like they are well on their way to giving the world community what they’ve been asked for.

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

Follow us on twitter @DinarUpdates !!

Dinar Updates – “NEWS TIME” w/BGG & Company – Feb 19th 6:30pm CST – In the Dinar Updates CHAT Room!!

www.DinarUpdates.com – save as favorite

Massoud Barzani: We support al-Sadr’s efforts to cut off the hands of al-Maliki

Announced the presidency of the Kurdistan region of Iraq, on Wednesday, expressed support for the movements of the cleric Muqtada al-Sadr, the last to change the electoral commission, noting that al-Sadr seeks to “amputation of the hand,” Vice President Nouri al-Maliki and his aides.

The head of the Office of the Presidency of the Kurdistan region, Fuad Hussein, he followed in the “Sky Press,” that “the existing differences between the Shiites much larger than the subject of changing the Electoral Commission, and the differences between them may reach the level of a war.”

Hussein added that “al-Maliki is now doing all it can in order to return to power, and the return of al-Maliki, Iraq is heading toward a dark era, and the differences between the Shiites and the Kurds will be exacerbated.”

He pointed out that Hussein “Moqtada al-Sadr, wanted to amputate the hand of al-Maliki and his aides from now by changing the Electoral Commission, and this is not just about him, but that the Kurdistan Democratic Party, the strongest political party in the Kurdistan Region, bless these attempts chest.”

Skypressiq.net

Kaperoni (Dinar Guru) –    Article:   “Egypt: Inflation rose nearly 30 percent in January”   IMO, Egypt only has tourism…  Iraq has wealth way beyond oil, gems, gold, etc.  If timed correctly I do not see the dinar going anywhere but up.  The dinar is so grossly undervalued, even if they do not have fluid investment coming in, I believe the dinar still will rise substantially.

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

A Dinar Info Call
“with BGG an AB NewsFlash”
from Wed – Feb 15th
Click-N-Listen (link below)!!

Smart phone user link – Click here

Iraq joins the Convention on transparency between investors and the States

{Baghdad: Euphrates news} NIC announced Wednesday, it signed the Convention on transparency in conventional arbitration between the investors and the 2014 States at United Nations Headquarters in New York.

The Commission said in a statement received {Euphrates news} copy today that her boss Sami Raouf Al-araji, representative of the Republic of Iraq last Monday at the Convention, where Iraq is second Arabic state accedes to this Convention that preceded it 18 country in the world.

The statement quoted relatives as saying that “this agreement is a clear and important message to the world that Iraq is a major centre in the middle ages and construction investment”, stating that “this Convention United Nations rights with transparency in the event of a conflict between investors and States”.

“Iraq has issued a number of legislation that works to protect the investor and capital to do business in the country, at the forefront of investment law number 13 year 2006 and amendments which carries a lot of features and protection for investors, as well as important bilateral and international conventions signed by Iraq and the number of States”.

Read More: http://www.dinarupdates.com/showthread.php?46575-Iraq-joins-the-Convention-on-transparency-between-investors-and-the-States

BGG ~ Read that last paragraph again… (and again) – This may be THE NUMBER ONE piece of Dinar News “pre-RV”. I have been looking for a couple of important pieces to fall into place, this is one of the top 2 or 3… HANG ON!!

Loop (Dinar Guru) –   Article quotes:   “Business in various countries around the world accomplish depends on the performance level of the institutions involved and the speed of service provided to the citizen and the company and of course here can be measured by the extent of the development of any country the world.”   “the size of a large work is almost not available in all countries of the world”    THIS IS WHAT IS ATTRACTING SO MANY COUNTRIES.  Quote:  “to be the basis of national duty starting a new phase reaches us safely economic“  IT IS THE DUTY OF THE GOI TO ENSURE THE IRAQ TRANSITIONS INTO THE NEXT ECONOMIC PHASE SAFELY. WHAT IS THAT PHASE? IMO… JOINING THE WORLD MARKETS.

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

Iraq and Egypt agree to develop and activate economic ties and increased trade

Baghdad scales news – Egypt and Iraq, the two declared Thursday, agreeing to develop and activate economic relations and increased exchanges between the two countries.

The Commerce Ministry said in a statement received/balance news/copy, that “Egypt reiterated its firm position in support of Iraq in the face of terrorism and freeing the rest of Iraqi territory control terrorist organizations, in order to return Iraq to exert economic and political role effectively and influential role in the region and the world”, noting that “it came during a joint meeting planning and Minister of Commerce collection agency Salman jumaili and Brad Cain Egyptian Trade Minister on the sidelines of the Arab economic and Social Council held in Cairo.

Jumaili said, according to the statement, the meeting discussed possible trade cooperation between the two countries and activating economic and trade relations and effective operation of Rafidain Bank, as well as the possibility of activating the memorandum of understanding signed between the two countries for the supply of edible material within ration requirements.

“He added that “shore also discussed economic and trade issues of common interest and the desire to increase the volume of trade between the two countries and the possibility of genuine partnerships between the private sector and Egyptian”.

Meanwhile, Egyptian Trade Minister, expressed his country’s desire to develop economic relations with Iraq under the trade protocol, which will include new sections on bilateral cooperation, which opens new perspectives contribute to increased exports and increased experience and participation in investment projects by Egyptian companies that wish to enter the Iraqi market after restoring security and stability in all regions of Iraq and eliminate terrorism.

“He noted, “the importance of activating the agreements and memoranda of understanding signed between the two countries and display facilities for the entry of Egyptian goods and exemption from taxes in Tehran.”

Read More: http://www.dinarupdates.com/showthread.php?46580-Iraq-and-Egypt-agree-to-develop-and-activate-economic-ties-and-increased-trade
______________________________________________________________

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:

If you could find some way to convince folks to at least skim through this document, they would be amazed. The moves Abadi has been making the last few months – kind of sense now. There is some outstanding information here.

DayTrader

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

THIS REPORT WAS SENT TO CONGRESS LAST MAY. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.

We are seeing and hearing that the inflation rate is still climbing and they are pushing to get us our money?? This report is from page 84 of the massive SIGR report.

BGG ~ This is a screen shot from the “Special Inspector General for Iraq Reconstruction” – Apr 2012, quarterly report to Congress. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them.
______________________________________________________________

I pointed out (last night) this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGR report gives us some valuable insights…

1) This is information given to the US CONGRESS on a quarterly basis… I find it hard to believe such an information source would intentionally mislead Congress. They tend to frown on such behavior. Which goes directly to the validity of this adventure – against all advice from Wells Fargo or other such naysayers.

2) It points out there having been a legitimate “plan” – or time frame in motion…having been projected to be done in 2013. We are obviously in “overtime” now.

3) It gives us an idea as to who is in charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki. Period. When is he likely to push this forward?? Historically – he has been a “weak Dinar” policy advocate. However, rumor from his own inner circle admits he can’t win a third term in office without some currency reform.

I fully expect him to use every tool in his “wheel house” to win – his recent moves in Anbar and the disputed territories prove as much. Currency reform has to be a “biggie”. Though this WAS their thinking a couple of months ago – there is no promise it is still part of their political calculus. We shall see.

4) Though no guarantee of the actual future plan they wind up engaging – this report points out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″..

Read More: http://www.dinarupdates.com/showthread.php?18519-The-Dinar-Daily-Tuesday-Feb-7th-2017&p=128477#post128477

______________________________________________________________

Indicative rates – 02.17.2017

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction 02-16-17 (most recent listing)

Currency Auctions Announcement No. 3383

This daily currency auction was held in the Central Bank of Iraq on the 02-16-2017

The results were as follows:

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

The difference between death and taxes is death doesn’t get worse every time Congress meets. – Will Rogers

*** Current News ***

A Dinar Round Table Call
“with the whole DU Crew!!”
from Thurs – Feb 16th
Click-N-Listen!!

Smart phone user link – Click here

BGG (Dinar Guru) –   Iraq NEEDS INTERNATIONAL ACCEPTANCE in the worst way – they don’t “self-determine” that…they have to garner such support.  Who cares what you price your “product” (ie; currency) at – if no one will buy it?  Saddam found that out the hard way…anyone recall what happened when the CBI went out and tried to peddle their first bond offering last year?   WITHOUT INTERNATIONAL ACCEPTANCE?  nothing…zip…crickets.   why?  they hadn’t quite met the mark just yet…and they were a little ahead of the game. Now – even this AM, we’ve got MP’s coming out saying there will be NO SECTARIANISM in Iraq ever again…they may not have it all figured out just yet – but they are getting feel of the song…and these vibes (from the world community) is what I said TO BANK ON… mainly because it’s the trend line I’m seeing in the News – period.   No prediction needed.  Iraq appears to have a few items to take care of yet… and they look like they are well on their way to giving the world community what they’ve been asked for.

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

Follow us on twitter @DinarUpdates !!

Dinar Updates – “NEWS TIME” w/BGG & Company – Feb 19th 6:30pm CST – In the Dinar Updates CHAT Room!!

www.DinarUpdates.com – save as favorite

Massoud Barzani: We support al-Sadr’s efforts to cut off the hands of al-Maliki

Announced the presidency of the Kurdistan region of Iraq, on Wednesday, expressed support for the movements of the cleric Muqtada al-Sadr, the last to change the electoral commission, noting that al-Sadr seeks to “amputation of the hand,” Vice President Nouri al-Maliki and his aides.

The head of the Office of the Presidency of the Kurdistan region, Fuad Hussein, he followed in the “Sky Press,” that “the existing differences between the Shiites much larger than the subject of changing the Electoral Commission, and the differences between them may reach the level of a war.”

Hussein added that “al-Maliki is now doing all it can in order to return to power, and the return of al-Maliki, Iraq is heading toward a dark era, and the differences between the Shiites and the Kurds will be exacerbated.”

He pointed out that Hussein “Moqtada al-Sadr, wanted to amputate the hand of al-Maliki and his aides from now by changing the Electoral Commission, and this is not just about him, but that the Kurdistan Democratic Party, the strongest political party in the Kurdistan Region, bless these attempts chest.”

Skypressiq.net

Kaperoni (Dinar Guru) –    Article:   “Egypt: Inflation rose nearly 30 percent in January”   IMO, Egypt only has tourism…  Iraq has wealth way beyond oil, gems, gold, etc.  If timed correctly I do not see the dinar going anywhere but up.  The dinar is so grossly undervalued, even if they do not have fluid investment coming in, I believe the dinar still will rise substantially.

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

A Dinar Info Call
“with BGG an AB NewsFlash”
from Wed – Feb 15th
Click-N-Listen (link below)!!

Smart phone user link – Click here

Iraq joins the Convention on transparency between investors and the States

{Baghdad: Euphrates news} NIC announced Wednesday, it signed the Convention on transparency in conventional arbitration between the investors and the 2014 States at United Nations Headquarters in New York.

The Commission said in a statement received {Euphrates news} copy today that her boss Sami Raouf Al-araji, representative of the Republic of Iraq last Monday at the Convention, where Iraq is second Arabic state accedes to this Convention that preceded it 18 country in the world.

The statement quoted relatives as saying that “this agreement is a clear and important message to the world that Iraq is a major centre in the middle ages and construction investment”, stating that “this Convention United Nations rights with transparency in the event of a conflict between investors and States”.

“Iraq has issued a number of legislation that works to protect the investor and capital to do business in the country, at the forefront of investment law number 13 year 2006 and amendments which carries a lot of features and protection for investors, as well as important bilateral and international conventions signed by Iraq and the number of States”.

Read More: http://www.dinarupdates.com/showthread.php?46575-Iraq-joins-the-Convention-on-transparency-between-investors-and-the-States

Loop (Dinar Guru) –   Article quotes:   “Business in various countries around the world accomplish depends on the performance level of the institutions involved and the speed of service provided to the citizen and the company and of course here can be measured by the extent of the development of any country the world.”   “the size of a large work is almost not available in all countries of the world”    THIS IS WHAT IS ATTRACTING SO MANY COUNTRIES.  Quote:  “to be the basis of national duty starting a new phase reaches us safely economic“  IT IS THE DUTY OF THE GOI TO ENSURE THE IRAQ TRANSITIONS INTO THE NEXT ECONOMIC PHASE SAFELY. WHAT IS THAT PHASE? IMO… JOINING THE WORLD MARKETS.

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

Iraq and Egypt agree to develop and activate economic ties and increased trade

Baghdad scales news – Egypt and Iraq, the two declared Thursday, agreeing to develop and activate economic relations and increased exchanges between the two countries.

The Commerce Ministry said in a statement received/balance news/copy, that “Egypt reiterated its firm position in support of Iraq in the face of terrorism and freeing the rest of Iraqi territory control terrorist organizations, in order to return Iraq to exert economic and political role effectively and influential role in the region and the world”, noting that “it came during a joint meeting planning and Minister of Commerce collection agency Salman jumaili and Brad Cain Egyptian Trade Minister on the sidelines of the Arab economic and Social Council held in Cairo.

Jumaili said, according to the statement, the meeting discussed possible trade cooperation between the two countries and activating economic and trade relations and effective operation of Rafidain Bank, as well as the possibility of activating the memorandum of understanding signed between the two countries for the supply of edible material within ration requirements.

“He added that “shore also discussed economic and trade issues of common interest and the desire to increase the volume of trade between the two countries and the possibility of genuine partnerships between the private sector and Egyptian”.

Meanwhile, Egyptian Trade Minister, expressed his country’s desire to develop economic relations with Iraq under the trade protocol, which will include new sections on bilateral cooperation, which opens new perspectives contribute to increased exports and increased experience and participation in investment projects by Egyptian companies that wish to enter the Iraqi market after restoring security and stability in all regions of Iraq and eliminate terrorism.

“He noted, “the importance of activating the agreements and memoranda of understanding signed between the two countries and display facilities for the entry of Egyptian goods and exemption from taxes in Tehran.”

Read More: http://www.dinarupdates.com/showthread.php?46580-Iraq-and-Egypt-agree-to-develop-and-activate-economic-ties-and-increased-trade
______________________________________________________________

Be sure to join the Dinar Updates “private” FaceBook Group…

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

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

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:

If you could find some way to convince folks to at least skim through this document, they would be amazed. The moves Abadi has been making the last few months – kind of sense now. There is some outstanding information here.

DayTrader

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

THIS REPORT WAS SENT TO CONGRESS LAST MAY. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.

We are seeing and hearing that the inflation rate is still climbing and they are pushing to get us our money?? This report is from page 84 of the massive SIGR report.

BGG ~ This is a screen shot from the “Special Inspector General for Iraq Reconstruction” – Apr 2012, quarterly report to Congress. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them.
______________________________________________________________

I pointed out (last night) this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGR report gives us some valuable insights…

1) This is information given to the US CONGRESS on a quarterly basis… I find it hard to believe such an information source would intentionally mislead Congress. They tend to frown on such behavior. Which goes directly to the validity of this adventure – against all advice from Wells Fargo or other such naysayers.

2) It points out there having been a legitimate “plan” – or time frame in motion…having been projected to be done in 2013. We are obviously in “overtime” now.

3) It gives us an idea as to who is in charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki. Period. When is he likely to push this forward?? Historically – he has been a “weak Dinar” policy advocate. However, rumor from his own inner circle admits he can’t win a third term in office without some currency reform.

I fully expect him to use every tool in his “wheel house” to win – his recent moves in Anbar and the disputed territories prove as much. Currency reform has to be a “biggie”. Though this WAS their thinking a couple of months ago – there is no promise it is still part of their political calculus. We shall see.

4) Though no guarantee of the actual future plan they wind up engaging – this report points out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″..

Read More: http://www.dinarupdates.com/showthread.php?18519-The-Dinar-Daily-Tuesday-Feb-7th-2017&p=128477#post128477

______________________________________________________________

Indicative rates – 02.16.2017

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction 02-15-17 (most recent listing)

Currency Auctions Announcement No. 3382

This daily currency auction was held in the Central Bank of Iraq on the 02-15-2017

The results were as follows:

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

Bipartisanship is when the Democrats and Republicans team up against the American people. – Will Spencer

*** Current News ***

BGG & Loop (Dinar Guru) –   [are you upbeat on the GOI and banking progress?]  BIG TIME!  HUGE PROGRESS… they are (probably) right at the doorstep of what they need done. Once a couple of things are done – they are fiscally ready to pull the trigger. IMHO.  [What are those couple of things that need to be done?]   We know that stability plays a major piece of this puzzle and form a banking standpoint I believe they are there.  I have started coming to the realization that Mosul being ISIS free and a start of the national reconciliation may very well be what the IMF and the world bank are looking for.  I am still very very optimistic about where we are. The big picture that their actions are pointing to is the main reason for this.

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

A Dinar Info Call
“with BGG an AB NewsFlash”
from Wed – Feb 15th
Click-N-Listen (link below)!!

Smart phone user link – Click here

Trump told Abadi, Iran has to leave because we were coming and strongly

Dr. Ayham al – Samarrai – Telephone conversation that took place yesterday between Trump and Abadi was part of three telephone calls to President Trump and important personal meeting in Washington with Prime Minister of Japan. President Trump spoke with Prince Tamim , the Emir of Qatar, speaking on cooperation between the two countries and Syria and the entry of international allies and Arab forces led by the United States to work safe areas for refugees walls and the elimination of Daesh and militias Iran and the formation of the Syrian democratic government of the people, and spoke with the Emir of Kuwait on the activities of Iran malicious in the region (Iran’s malign regional activities), and spoke with al – Abadi and for only ten minutes does not is not applied multi from the Iraqi government ‘s desire of President al – Abadi to congratulate Trump led by America, and the call is a specific fast and written and points to the head of Trump on the command mode and the first of it was that Iran should be reluctant in Iraq and not Sedkaiha from religious parties and Alumblyhawiyeh has remained for them a short time in Iraq, especially in government centers, and that Iran has to leave because we were coming and strongly, and that Iraq is not part of Iran, and the agreement US – Iraqi allow America to resettle 45,000 troops in the rules that have been built by American taxpayers (US funds) and without reference to the approval of the Iraqi government or its parliament and it Fteramb had given orders to his generals to increase the US military in Iraq and quickly. Has never been talk by Mr. Abadi for allowing Iraqis to enter America (originally the place he has cried speak more than congratulations and acceptance to assist the implementation of commands).

Americans are coming and everything we have said previously achieved an Iraq national civil civilized , just and constitutional government where the law is above everyone from the president to the youngest Iraqi citizen older. And that the major events that national forces led today under the leadership of the Iraqi man Urubi brave Mr. al- Sadr is the beginning of the move, which will support and strongly from Mr. Barzani and his party will be liberation of Baghdad criminals Green Zone and the Badr militia and the concrete and nujaba and headbands right of the Iranian Revolutionary army ruler and his associates and representatives of religious parties villainous whether Shiite or Sunni.

The brothers on the demonstrators know that they symbol of the nation and mind and spirit , and their blood will be a beacon for a new Iraq and that victory ally , inevitably , because God is with you and the international community as a whole with you. Not Ttrajawa after today because the criminals who ruled from 2005 until now missed your money and destroyed the dreams of your children and stole all your joy on behalf of the innocent , including religion, as Ali and Umar and Abu Bakr and Othman, Fatima Hassan and Hussein , and all of them closer to us whom these criminals and foreign customers and the killers of the child and the usurpers of women and itinerant people.

People in a major revolution and the world supports it, and I assure you that the news of the martyrs of Liberation Day and pictures briefed by President Trump and knew who the rulers of Iraq , more than ever before! How are killing their own people in cold blood unarmed what is the difference between them and the villainous Daesh that kill innocent of them , too, and knew also drew the government on this cowardly crime against unarmed heroes and how they will cover the crime of militias and as I have done hundreds of times before. And make sure today than before the government of Iraq and also uttered many times by himself and TV interviews that no government in Iraq and the country in chaos.

Today you said that you will continue to achieve your demands:

1. Ending the quota system , but national cohesion and the return to the homeland

2. Solution to the Electoral Commission , but a national one and a variety of specialists and support checks on three. The withdrawal of all weapons from the militias and give the tasks of the army and security services

4. The announcement to re army and security services on the international foundations recognized in all countries of Creation

5. Close all television and radio stations and newspapers partisans Alumblyxiaoah and start giving vacations to international foundations, the spectrum interests of freedom of the national press clean work

6. The release of political prisoners , all of them without exception and immediately

7. Return all the displaced to their villages and towns immediately and without delay

8. And the formation of a government of technocrats headed by technocrats ( the Prime Minister) and not of the minorities (Christian Turkmen Yazidi Sabia Jew or the like)

9. Call of the United Nations and the United States to enter Iraq and strongly military to protect its people from both customers and dealers money and criminals as a failed state and has also been identified by the State and US President Trump many times (Failure State)

This is a revolution of the people and all the eyes of the world upon and everyone involved with all Iraqis, Begin crawl Baghdad and God is with us.

Read More: http://www.dinarupdates.com/showthread.php?46432-Trump-told-Abadi-Iran-has-to-leave-because-we-were-coming-and-strongly&p=169583#post169583

BGG (Dinar Guru) –     2nd part…here’s the real interesting question…WHY ON GOD’S GREEN EARTH does a private company all of the sudden decide they want to start taking in IQD (which is regarded by many in Iraq as WORTHLESS – and hard to deal with)?  insisting on…them use IQD to pay for flights.  this is what everyone is missing.  The freemarket change in perception… ever so slight – but it just happened.  …they know what is coming soon…they are looking for appreciation – just like you and I. 

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

Follow us on twitter @DinarUpdates !!

Dinar Updates – “NEWS TIME” w/MadDScout & the DU FaceBook crew – Feb 16th 6:30pm CST – In the Dinar Updates CHAT Room!!

www.DinarUpdates.com – save as favorite

Guterres: reconciliation in Iraq are possible only on the condition

Twilight News / opinion of the Secretary General of the United Nations, said that reconciliation in Iraq are possible according to a certain part, at the same time stressing the importance.

Antonio Guterres said during a joint press conference with Saudi Foreign Minister, “there must be a comprehensive reconciliation in Iraq after regaining control of Mosul.”

He added that this reconciliation possible cooperation of all parties and be a condition on the basis of co – existence and mutual respect.

He stressed at the same time that the United Nations is working to assist the Member States in the fight against terrorism, but he saw that the speech of the anti-Islam provides greater support for Daesh.

Read More: http://www.dinarupdates.com/showthread.php?46429-Guterres-reconciliation-in-Iraq-are-possible-only-on-the-condition-2-12

BGG (Dinar Guru) –   [What’s your thoughts on…Trump, and what he said about the currencies yesterday?]  I would take what he’s saying as more of an illustration and not a “literal” statement.  However, he seems to be very direct and means to do as he says…him having the “currency parity” stance and seeming to want to enforce that philosophy – IS VERY GOOD FOR US…Especially since Iraq is likely the most undervalued currency on the PLANET.

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

The government has achieved 70% of the plan to increase non-oil revenues

Economy News / Baghdad … Revealed Acanutormzar Mohammed Saleh, Economic Adviser to the Prime Minister Haider al-Abadi, on Sunday, for the government to achieve 70 percent of its plan to increase non-oil revenues to the state, while assuring employees and pensions insurance during the current year 2017.

Saleh said at a “Economy News,” a statement that “the government is going according to plan aims to increase and expand the non-oil revenues to bridge the shortfall in the state budget law,” noting that “the plan stipulates that equivalent to those revenue 10 percent from government imports within the overall budget the past”.

Saleh added, “The government has managed to achieve 70 percent of that plan,” pointing out that “the government is trying to increase non-oil revenues during the current year’s budget, in order to strengthen the public finances of the state and the advancement of economic reality.”

He pointed out that “the government and within its strategy secured the salaries of employees and retirees in the current year’s budget,” adding that it “plans and measures taken in order to respond to crises that threaten the local economy, is carried at oil prices.”

Read More: http://www.dinarupdates.com/showthread.php?46425-Saleh-The-government-has-achieved-70-of-the-plan-to-increase-non-oil-revenues

______________________________________________________________

Be sure to join the Dinar Updates “private” FaceBook Group…

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

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

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:

If you could find some way to convince folks to at least skim through this document, they would be amazed. The moves Abadi has been making the last few months – kind of sense now. There is some outstanding information here.

DayTrader

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

THIS REPORT WAS SENT TO CONGRESS LAST MAY. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.

We are seeing and hearing that the inflation rate is still climbing and they are pushing to get us our money?? This report is from page 84 of the massive SIGR report.

BGG ~ This is a screen shot from the “Special Inspector General for Iraq Reconstruction” – Apr 2012, quarterly report to Congress. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them.
______________________________________________________________

I pointed out (last night) this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGR report gives us some valuable insights…

1) This is information given to the US CONGRESS on a quarterly basis… I find it hard to believe such an information source would intentionally mislead Congress. They tend to frown on such behavior. Which goes directly to the validity of this adventure – against all advice from Wells Fargo or other such naysayers.

2) It points out there having been a legitimate “plan” – or time frame in motion…having been projected to be done in 2013. We are obviously in “overtime” now.

3) It gives us an idea as to who is in charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki. Period. When is he likely to push this forward?? Historically – he has been a “weak Dinar” policy advocate. However, rumor from his own inner circle admits he can’t win a third term in office without some currency reform.

I fully expect him to use every tool in his “wheel house” to win – his recent moves in Anbar and the disputed territories prove as much. Currency reform has to be a “biggie”. Though this WAS their thinking a couple of months ago – there is no promise it is still part of their political calculus. We shall see.

4) Though no guarantee of the actual future plan they wind up engaging – this report points out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″..

Read More: http://www.dinarupdates.com/showthread.php?18519-The-Dinar-Daily-Tuesday-Feb-7th-2017&p=128477#post128477

______________________________________________________________

Indicative rates – 02.15.2017

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction 02-13-17 (most recent listing)

Currency Auctions Announcement No. 3380

This daily currency auction was held in the Central Bank of Iraq on the 02-13-2017

The results were as follows:

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

One of the symptoms of an approaching nervous breakdown is the belief that one’s work is terribly important. – Bertrand Russell

*** Current News ***

A Dinar Round Table Call
“with the whole DU Crew!!”
Wed – Feb 15th – 7:00pm CST
641-715-3640 pin# 528733
or Click-N-Listen (link below)!!

from Feb 7th – Smart phone user link – Click here

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

Follow us on twitter @DinarUpdates !!

Dinar Updates – “NEWS TIME” w/BGG & Company – Feb 15th 6:30pm CST – In the Dinar Updates CHAT Room!!

www.DinarUpdates.com – save as favorite

Trump told Abadi, Iran has to leave because we were coming and strongly

Dr. Ayham al – Samarrai – Telephone conversation that took place yesterday between Trump and Abadi was part of three telephone calls to President Trump and important personal meeting in Washington with Prime Minister of Japan. President Trump spoke with Prince Tamim , the Emir of Qatar, speaking on cooperation between the two countries and Syria and the entry of international allies and Arab forces led by the United States to work safe areas for refugees walls and the elimination of Daesh and militias Iran and the formation of the Syrian democratic government of the people, and spoke with the Emir of Kuwait on the activities of Iran malicious in the region (Iran’s malign regional activities), and spoke with al – Abadi and for only ten minutes does not is not applied multi from the Iraqi government ‘s desire of President al – Abadi to congratulate Trump led by America, and the call is a specific fast and written and points to the head of Trump on the command mode and the first of it was that Iran should be reluctant in Iraq and not Sedkaiha from religious parties and Alumblyhawiyeh has remained for them a short time in Iraq, especially in government centers, and that Iran has to leave because we were coming and strongly, and that Iraq is not part of Iran, and the agreement US – Iraqi allow America to resettle 45,000 troops in the rules that have been built by American taxpayers (US funds) and without reference to the approval of the Iraqi government or its parliament and it Fteramb had given orders to his generals to increase the US military in Iraq and quickly. Has never been talk by Mr. Abadi for allowing Iraqis to enter America (originally the place he has cried speak more than congratulations and acceptance to assist the implementation of commands).

Americans are coming and everything we have said previously achieved an Iraq national civil civilized , just and constitutional government where the law is above everyone from the president to the youngest Iraqi citizen older. And that the major events that national forces led today under the leadership of the Iraqi man Urubi brave Mr. al- Sadr is the beginning of the move, which will support and strongly from Mr. Barzani and his party will be liberation of Baghdad criminals Green Zone and the Badr militia and the concrete and nujaba and headbands right of the Iranian Revolutionary army ruler and his associates and representatives of religious parties villainous whether Shiite or Sunni.

The brothers on the demonstrators know that they symbol of the nation and mind and spirit , and their blood will be a beacon for a new Iraq and that victory ally , inevitably , because God is with you and the international community as a whole with you. Not Ttrajawa after today because the criminals who ruled from 2005 until now missed your money and destroyed the dreams of your children and stole all your joy on behalf of the innocent , including religion, as Ali and Umar and Abu Bakr and Othman, Fatima Hassan and Hussein , and all of them closer to us whom these criminals and foreign customers and the killers of the child and the usurpers of women and itinerant people.

People in a major revolution and the world supports it, and I assure you that the news of the martyrs of Liberation Day and pictures briefed by President Trump and knew who the rulers of Iraq , more than ever before! How are killing their own people in cold blood unarmed what is the difference between them and the villainous Daesh that kill innocent of them , too, and knew also drew the government on this cowardly crime against unarmed heroes and how they will cover the crime of militias and as I have done hundreds of times before. And make sure today than before the government of Iraq and also uttered many times by himself and TV interviews that no government in Iraq and the country in chaos.

Today you said that you will continue to achieve your demands:

1. Ending the quota system , but national cohesion and the return to the homeland

2. Solution to the Electoral Commission , but a national one and a variety of specialists and support checks on three. The withdrawal of all weapons from the militias and give the tasks of the army and security services

4. The announcement to re army and security services on the international foundations recognized in all countries of Creation

5. Close all television and radio stations and newspapers partisans Alumblyxiaoah and start giving vacations to international foundations, the spectrum interests of freedom of the national press clean work

6. The release of political prisoners , all of them without exception and immediately

7. Return all the displaced to their villages and towns immediately and without delay

8. And the formation of a government of technocrats headed by technocrats ( the Prime Minister) and not of the minorities (Christian Turkmen Yazidi Sabia Jew or the like)

9. Call of the United Nations and the United States to enter Iraq and strongly military to protect its people from both customers and dealers money and criminals as a failed state and has also been identified by the State and US President Trump many times (Failure State)

This is a revolution of the people and all the eyes of the world upon and everyone involved with all Iraqis, Begin crawl Baghdad and God is with us.

Read More: http://www.dinarupdates.com/showthread.php?46432-Trump-told-Abadi-Iran-has-to-leave-because-we-were-coming-and-strongly&p=169583#post169583

BGG (Dinar Guru) –     2nd part…here’s the real interesting question…WHY ON GOD’S GREEN EARTH does a private company all of the sudden decide they want to start taking in IQD (which is regarded by many in Iraq as WORTHLESS – and hard to deal with)?  insisting on…them use IQD to pay for flights.  this is what everyone is missing.  The freemarket change in perception… ever so slight – but it just happened.  …they know what is coming soon…they are looking for appreciation – just like you and I. 

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

A Dinar Round Table Call
“with the whole DU Crew!!”
from Tues – Feb 7th
Click-N-Listen (link below)!!

Smart phone user link – Click here

Guterres: reconciliation in Iraq are possible only on the condition

Twilight News / opinion of the Secretary General of the United Nations, said that reconciliation in Iraq are possible according to a certain part, at the same time stressing the importance.

Antonio Guterres said during a joint press conference with Saudi Foreign Minister, “there must be a comprehensive reconciliation in Iraq after regaining control of Mosul.”

He added that this reconciliation possible cooperation of all parties and be a condition on the basis of co – existence and mutual respect.

He stressed at the same time that the United Nations is working to assist the Member States in the fight against terrorism, but he saw that the speech of the anti-Islam provides greater support for Daesh.

Read More: http://www.dinarupdates.com/showthread.php?46429-Guterres-reconciliation-in-Iraq-are-possible-only-on-the-condition-2-12

BGG (Dinar Guru) –   [What’s your thoughts on…Trump, and what he said about the currencies yesterday?]  I would take what he’s saying as more of an illustration and not a “literal” statement.  However, he seems to be very direct and means to do as he says…him having the “currency parity” stance and seeming to want to enforce that philosophy – IS VERY GOOD FOR US…Especially since Iraq is likely the most undervalued currency on the PLANET.

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

The government has achieved 70% of the plan to increase non-oil revenues

Economy News / Baghdad … Revealed Acanutormzar Mohammed Saleh, Economic Adviser to the Prime Minister Haider al-Abadi, on Sunday, for the government to achieve 70 percent of its plan to increase non-oil revenues to the state, while assuring employees and pensions insurance during the current year 2017.

Saleh said at a “Economy News,” a statement that “the government is going according to plan aims to increase and expand the non-oil revenues to bridge the shortfall in the state budget law,” noting that “the plan stipulates that equivalent to those revenue 10 percent from government imports within the overall budget the past”.

Saleh added, “The government has managed to achieve 70 percent of that plan,” pointing out that “the government is trying to increase non-oil revenues during the current year’s budget, in order to strengthen the public finances of the state and the advancement of economic reality.”

He pointed out that “the government and within its strategy secured the salaries of employees and retirees in the current year’s budget,” adding that it “plans and measures taken in order to respond to crises that threaten the local economy, is carried at oil prices.”

Read More: http://www.dinarupdates.com/showthread.php?46425-Saleh-The-government-has-achieved-70-of-the-plan-to-increase-non-oil-revenues

______________________________________________________________

Be sure to join the Dinar Updates “private” FaceBook Group…

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

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

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:

If you could find some way to convince folks to at least skim through this document, they would be amazed. The moves Abadi has been making the last few months – kind of sense now. There is some outstanding information here.

DayTrader

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

THIS REPORT WAS SENT TO CONGRESS LAST MAY. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.

We are seeing and hearing that the inflation rate is still climbing and they are pushing to get us our money?? This report is from page 84 of the massive SIGR report.

BGG ~ This is a screen shot from the “Special Inspector General for Iraq Reconstruction” – Apr 2012, quarterly report to Congress. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them.
______________________________________________________________

I pointed out (last night) this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGR report gives us some valuable insights…

1) This is information given to the US CONGRESS on a quarterly basis… I find it hard to believe such an information source would intentionally mislead Congress. They tend to frown on such behavior. Which goes directly to the validity of this adventure – against all advice from Wells Fargo or other such naysayers.

2) It points out there having been a legitimate “plan” – or time frame in motion…having been projected to be done in 2013. We are obviously in “overtime” now.

3) It gives us an idea as to who is in charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki. Period. When is he likely to push this forward?? Historically – he has been a “weak Dinar” policy advocate. However, rumor from his own inner circle admits he can’t win a third term in office without some currency reform.

I fully expect him to use every tool in his “wheel house” to win – his recent moves in Anbar and the disputed territories prove as much. Currency reform has to be a “biggie”. Though this WAS their thinking a couple of months ago – there is no promise it is still part of their political calculus. We shall see.

4) Though no guarantee of the actual future plan they wind up engaging – this report points out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″..

Read More: http://www.dinarupdates.com/showthread.php?18519-The-Dinar-Daily-Tuesday-Feb-7th-2017&p=128477#post128477

______________________________________________________________

Indicative rates – 02.13.2017

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction 02-12-17 (most recent listing)

Currency Auctions Announcement No. 3379

This daily currency auction was held in the Central Bank of Iraq on the 02-12-2017

The results were as follows:

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

If ever there was a holy war, it was that which saved our liberties and gave us independence. – Thomas Jefferson

*** Current News ***

Follow us on twitter @DinarUpdates !!

Dinar Updates – “NEWS TIME” w/BGG & Company – Feb 11th 6:30pm CST – In the Dinar Updates CHAT Room!!

www.DinarUpdates.com – save as favorite

BGG (Dinar Guru) –   […your thoughts on the lack of updates by the cbi?]  I’m not sure what to make of that – it is VERY DIFFERENT, NEW and WEIRD. I suspect it has something to do with what we are after – I just don’t know exactly what…plenty of folks saying it’s no big deal.  (they would be wrong).  The longest stretch I can remember in many years was 3 or 4 days. We are at 37 days and counting.  P.S. I cannot recall anywhere the Iraqi constitution requires some rate change within 30 days of such a lack of rate postings (or any other combination of events ending in an RV).

BGG ~ They will do this when they are ready and it is acceptable to the international community. IMHO

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

Trump told Abadi, Iran has to leave because we were coming and strongly

Dr. Ayham al – Samarrai – Telephone conversation that took place yesterday between Trump and Abadi was part of three telephone calls to President Trump and important personal meeting in Washington with Prime Minister of Japan. President Trump spoke with Prince Tamim , the Emir of Qatar, speaking on cooperation between the two countries and Syria and the entry of international allies and Arab forces led by the United States to work safe areas for refugees walls and the elimination of Daesh and militias Iran and the formation of the Syrian democratic government of the people, and spoke with the Emir of Kuwait on the activities of Iran malicious in the region (Iran’s malign regional activities), and spoke with al – Abadi and for only ten minutes does not is not applied multi from the Iraqi government ‘s desire of President al – Abadi to congratulate Trump led by America, and the call is a specific fast and written and points to the head of Trump on the command mode and the first of it was that Iran should be reluctant in Iraq and not Sedkaiha from religious parties and Alumblyhawiyeh has remained for them a short time in Iraq, especially in government centers, and that Iran has to leave because we were coming and strongly, and that Iraq is not part of Iran, and the agreement US – Iraqi allow America to resettle 45,000 troops in the rules that have been built by American taxpayers (US funds) and without reference to the approval of the Iraqi government or its parliament and it Fteramb had given orders to his generals to increase the US military in Iraq and quickly. Has never been talk by Mr. Abadi for allowing Iraqis to enter America (originally the place he has cried speak more than congratulations and acceptance to assist the implementation of commands).

Americans are coming and everything we have said previously achieved an Iraq national civil civilized , just and constitutional government where the law is above everyone from the president to the youngest Iraqi citizen older. And that the major events that national forces led today under the leadership of the Iraqi man Urubi brave Mr. al- Sadr is the beginning of the move, which will support and strongly from Mr. Barzani and his party will be liberation of Baghdad criminals Green Zone and the Badr militia and the concrete and nujaba and headbands right of the Iranian Revolutionary army ruler and his associates and representatives of religious parties villainous whether Shiite or Sunni.

The brothers on the demonstrators know that they symbol of the nation and mind and spirit , and their blood will be a beacon for a new Iraq and that victory ally , inevitably , because God is with you and the international community as a whole with you. Not Ttrajawa after today because the criminals who ruled from 2005 until now missed your money and destroyed the dreams of your children and stole all your joy on behalf of the innocent , including religion, as Ali and Umar and Abu Bakr and Othman, Fatima Hassan and Hussein , and all of them closer to us whom these criminals and foreign customers and the killers of the child and the usurpers of women and itinerant people.

People in a major revolution and the world supports it, and I assure you that the news of the martyrs of Liberation Day and pictures briefed by President Trump and knew who the rulers of Iraq , more than ever before! How are killing their own people in cold blood unarmed what is the difference between them and the villainous Daesh that kill innocent of them , too, and knew also drew the government on this cowardly crime against unarmed heroes and how they will cover the crime of militias and as I have done hundreds of times before. And make sure today than before the government of Iraq and also uttered many times by himself and TV interviews that no government in Iraq and the country in chaos.

Today you said that you will continue to achieve your demands:

1. Ending the quota system , but national cohesion and the return to the homeland

2. Solution to the Electoral Commission , but a national one and a variety of specialists and support checks on three. The withdrawal of all weapons from the militias and give the tasks of the army and security services

4. The announcement to re army and security services on the international foundations recognized in all countries of Creation

5. Close all television and radio stations and newspapers partisans Alumblyxiaoah and start giving vacations to international foundations, the spectrum interests of freedom of the national press clean work

6. The release of political prisoners , all of them without exception and immediately

7. Return all the displaced to their villages and towns immediately and without delay

8. And the formation of a government of technocrats headed by technocrats ( the Prime Minister) and not of the minorities (Christian Turkmen Yazidi Sabia Jew or the like)

9. Call of the United Nations and the United States to enter Iraq and strongly military to protect its people from both customers and dealers money and criminals as a failed state and has also been identified by the State and US President Trump many times (Failure State)

This is a revolution of the people and all the eyes of the world upon and everyone involved with all Iraqis, Begin crawl Baghdad and God is with us.

Read More: http://www.dinarupdates.com/showthread.php?46432-Trump-told-Abadi-Iran-has-to-leave-because-we-were-coming-and-strongly&p=169583#post169583

Loop (Dinar Guru) –   Article:  “Association of private banks is discussing with the US Treasury delegation and the reality of the Iraqi banking sector and its future  Banks”   So representatives from US Treasury, New York branch of the Federal Reserve, and the manager for the Bank of York flew all the way to Iraq to pat them on the back and say good job. This in and by itself is great news… However the more that I think about this the more convinced I am that there is more to their visit then what the news is reporting. STILL LOVING THE NEWS.

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

A Dinar Round Table Call
“with the whole DU Crew!!”
from Tues – Feb 7th
Click-N-Listen (link below)!!

Smart phone user link – Click here

Guterres: reconciliation in Iraq are possible only on the condition

Twilight News / opinion of the Secretary General of the United Nations, said that reconciliation in Iraq are possible according to a certain part, at the same time stressing the importance.

Antonio Guterres said during a joint press conference with Saudi Foreign Minister, “there must be a comprehensive reconciliation in Iraq after regaining control of Mosul.”

He added that this reconciliation possible cooperation of all parties and be a condition on the basis of co – existence and mutual respect.

He stressed at the same time that the United Nations is working to assist the Member States in the fight against terrorism, but he saw that the speech of the anti-Islam provides greater support for Daesh.

Read More: http://www.dinarupdates.com/showthread.php?46429-Guterres-reconciliation-in-Iraq-are-possible-only-on-the-condition-2-12

BGG (Dinar Guru) –   …early 2017 (according to all the real sources) is still a real forecast.

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

The government has achieved 70% of the plan to increase non-oil revenues

Economy News / Baghdad … Revealed Acanutormzar Mohammed Saleh, Economic Adviser to the Prime Minister Haider al-Abadi, on Sunday, for the government to achieve 70 percent of its plan to increase non-oil revenues to the state, while assuring employees and pensions insurance during the current year 2017.

Saleh said at a “Economy News,” a statement that “the government is going according to plan aims to increase and expand the non-oil revenues to bridge the shortfall in the state budget law,” noting that “the plan stipulates that equivalent to those revenue 10 percent from government imports within the overall budget the past”.

Saleh added, “The government has managed to achieve 70 percent of that plan,” pointing out that “the government is trying to increase non-oil revenues during the current year’s budget, in order to strengthen the public finances of the state and the advancement of economic reality.”

He pointed out that “the government and within its strategy secured the salaries of employees and retirees in the current year’s budget,” adding that it “plans and measures taken in order to respond to crises that threaten the local economy, is carried at oil prices.”

Read More: http://www.dinarupdates.com/showthread.php?46425-Saleh-The-government-has-achieved-70-of-the-plan-to-increase-non-oil-revenues

______________________________________________________________

Be sure to join the Dinar Updates “private” FaceBook Group…

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

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

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:

If you could find some way to convince folks to at least skim through this document, they would be amazed. The moves Abadi has been making the last few months – kind of sense now. There is some outstanding information here.

DayTrader

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

THIS REPORT WAS SENT TO CONGRESS LAST MAY. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.

We are seeing and hearing that the inflation rate is still climbing and they are pushing to get us our money?? This report is from page 84 of the massive SIGR report.

BGG ~ This is a screen shot from the “Special Inspector General for Iraq Reconstruction” – Apr 2012, quarterly report to Congress. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them.
______________________________________________________________

I pointed out (last night) this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGR report gives us some valuable insights…

1) This is information given to the US CONGRESS on a quarterly basis… I find it hard to believe such an information source would intentionally mislead Congress. They tend to frown on such behavior. Which goes directly to the validity of this adventure – against all advice from Wells Fargo or other such naysayers.

2) It points out there having been a legitimate “plan” – or time frame in motion…having been projected to be done in 2013. We are obviously in “overtime” now.

3) It gives us an idea as to who is in charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki. Period. When is he likely to push this forward?? Historically – he has been a “weak Dinar” policy advocate. However, rumor from his own inner circle admits he can’t win a third term in office without some currency reform.

I fully expect him to use every tool in his “wheel house” to win – his recent moves in Anbar and the disputed territories prove as much. Currency reform has to be a “biggie”. Though this WAS their thinking a couple of months ago – there is no promise it is still part of their political calculus. We shall see.

4) Though no guarantee of the actual future plan they wind up engaging – this report points out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″..

Read More: http://www.dinarupdates.com/showthread.php?18519-The-Dinar-Daily-Tuesday-Feb-7th-2017&p=128477#post128477

______________________________________________________________

Indicative rates – 02.12.2017

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction 02-09-17 (most recent listing)

Currency Auctions Announcement No. 3378

This daily currency auction was held in the Central Bank of Iraq on the 02-09-2017

The results were as follows:

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

A long habit of not thinking a thing wrong gives it a superficial appearance of being right. – Thomas Paine

*** Current News ***

Follow us on twitter @DinarUpdates !!

Dinar Updates – “NEWS TIME” w/BGG & Company – Feb 11th 6:30pm CST – In the Dinar Updates CHAT Room!!

www.DinarUpdates.com – save as favorite

BGG   …early 2017 (according to all the real sources) is still a real forecast.

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

THIS REPORT WAS SENT TO CONGRESS LAST MAY. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.

We are seeing and hearing that the inflation rate is still climbing and they are pushing to get us our money?? This report is from page 84 of the massive SIGR report.

BGG ~ This is a screen shot from the “Special Inspector General for Iraq Reconstruction” – Apr 2012, quarterly report to Congress. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them.
______________________________________________________________

I pointed out (last night) this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGR report gives us some valuable insights…

1) This is information given to the US CONGRESS on a quarterly basis… I find it hard to believe such an information source would intentionally mislead Congress. They tend to frown on such behavior. Which goes directly to the validity of this adventure – against all advice from Wells Fargo or other such naysayers.

2) It points out there having been a legitimate “plan” – or time frame in motion…having been projected to be done in 2013. We are obviously in “overtime” now.

3) It gives us an idea as to who is in charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki. Period. When is he likely to push this forward?? Historically – he has been a “weak Dinar” policy advocate. However, rumor from his own inner circle admits he can’t win a third term in office without some currency reform.

I fully expect him to use every tool in his “wheel house” to win – his recent moves in Anbar and the disputed territories prove as much. Currency reform has to be a “biggie”. Though this WAS their thinking a couple of months ago – there is no promise it is still part of their political calculus. We shall see.

4) Though no guarantee of the actual future plan they wind up engaging – this report points out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″..

Read More: http://www.dinarupdates.com/showthread.php?18519-The-Dinar-Daily-Tuesday-Feb-7th-2017&p=128477#post128477

Loop (Dinar Guru) –    […according to the SIGR report_”In April 2012, the CoM postponed indefinitely plans for a currency reform that would have removed three zeros from the Iraqi dinar in 2013…” – they truely were planning an RV back in 2013!]  It means that the US Gov is aware of their plans to increase the value of there currency.  This is one of the biggest clues that we are on the right track.

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

A Dinar Round Table Call
“with the whole DU Crew!!”
from Tues – Feb 7th
Click-N-Listen (link below)!!

Smart phone user link – Click here

World Bank links financial support for Iraq to reconciliation – Reuters News

By Maher Chmaytelli

BAGHDAD, Feb 6 (Reuters) – The World Bank plans to offer Iraq financial support in parallel with projects to foster reconciliation after Islamic State’s defeat, its regional director said on Monday, to ensure that reconstruction after years of conflict is sustainable.

U.S.-backed Iraqi and Kurdish forces have dislodged Islamic State from most cities that the hardline Sunni group captured in 2014 in Iraq, and they are now fighting the militants in their last major stronghold, Mosul, in the north.

While mainstream Shi’ite, Sunni and Kurdish forces are taking part or supporting the battle to dislodge Islamic State from Mosul, their politicians are yet to heal rifts that followed the U.S.-led invasion of Iraq in 2003.

“The Mosul battle is keeping all these forces together,” World Bank director for the Middle East Ferid Belhaj told Reuters by telephone. “When the fight is over, we don’t know what kind of pressures … will be in place; that’s why it is very important for the Iraqis to start this exercise right now.”

“We will try as much as we can to make sure that the incentives … for reconciliation would be more appealing than the incentives for each of these factions … to go it alone.”

The World Bank approved in December a new loan of $1.485 billion to help Iraq lessen the impact of low oil prices on its economy and shoulder the cost of the war on Islamic State, bringing its total support to the nation to nearly $3.4 billion. (Full Story)

The OPEC nation’s government income comes almost exclusively from exports of crude oil. It fell sharply when world oil prices tumbled three years ago.

In addition to planned financial support “we will bring people who have had experience in rebuilding social ties from a number of countries around the word,” Belhaj said, mentioning the experiences of South Africa, Morocco and Rwanda.

“This is going to be a parallel track. We will make sure that money will flow … towards reconstruction and rebuilding, but at the same to make reconstruction and rebuilding sustainable, we will need to make sure the social contract is being drawn in a way that would allow for the infrastructure to remain solid.”

The World Bank has also offered advice to the government about maintaining the Mosul dam, said Belhaj, although it was not involved in financing or arranging the contract with Italian company Trevi which was selected last year to carry out badly needed repair.

A U.S. government briefing paper released a year ago said 500,000 to 1.47 million Iraqis living in the highest-risk areas along the Tigris River “probably would not survive” the impact of a flood that would be caused by the collapse of the dam located north of Mosul. Iraqi authorities have played down the threat, estimating only a one in 1,000 chance of failure.

Keywords: MIDEAST-CRISIS/IRAQ-WORLDBANK

Read More: http://www.dinarupdates.com/showthread.php?46258-World-Bank-links-financial-support-for-Iraq-to-reconciliation-Reuters-News-06-Feb

Loop (Dinar Guru) –   Article:  “US Treasury pays tribute to the fight against the central bank for the financing of terrorism and money laundering”   The US Treasury is pleased at the speed in which Iraq has gotten the electronic system to monitor the movement of the money in and out of Iraq up and running. This shows just how serious Iraq is about stopping the financing of terrorism and money laundering. Which is a huge part of the IMF SBA.  Remember that 83 people just finished a training with KPMG last week and before that there were multiple articles about trainings of how to detect suspicious activity. THIS NEWS IS SO ENCOURAGING. THEY ARE DOING WHAT THEY NEED TO IN ORDER TO ENTER THE FREE MARKET IN SOME FASHION.

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

Iraq: Calls to raise the value of the dinar

Registration of the Iraqi economy, experts do not rule out a relatively rebound this year compared to 2016, «in the event of rising crude oil prices continued worldwide». They expected the government to take the initiative on economic reform «a broader dimension to the level of activation of the special efforts supported any productive sectors of industry, agriculture and services.» And approaching experts forecast a lot of calls to correct the value of the Iraqi dinar and the path, consistent with the exceptional economic situation in which the country is going through, with many believing that the official pricing of the dinar against the dollar is unrealistic in the current circumstances.

Economic academic Essam Mahouelle called in an interview to «life», noted that this year be the year to enhance the purchasing power of the dinar and the ability of «strengthens the confidence in the national currency, which represents the sovereignty of Iraq». He stressed the need to «restrict foreign business dealings only in dollars.»

And ways to raise the price of the dinar, Mahouelle saw the need to «manage the country’s affairs, economic mentality and look long-term, along with a quote economic experiences of states passed in conditions similar to those in which the passing of Iraq, as well as the reduction of trading the dollar in the domestic business transactions to support the national currency.» He stressed that the supervision of the Central Bank and coordination with economic authorities and relevant ministries «role in enhancing the value of the dinar by preventing the circulation of foreign currency in the local trade for whatever reason, and counted only foreign transactions». He stressed the importance that the «private and government banks take action to deal strengthens Iraqi dinars».

The dollar exchange rate against the dinar will fluctuate up and down, as he was about 4 thousand dinars in the nineties in the dollar, and scored a gradual decline after 2003 to continue to fall to 1200 dinars to the dollar in the last ten years. And it rose again after the adoption of the budget in 2015, and to require the central bank to determine its sales of foreign currency in accordance with Article 50 of that year’s budget law.

Mahouelle He pointed out that «importers of goods were turning the dinar to the dollar when paying their price by banks, as the audience did not feel the importance of the US currency only when traveling abroad and are turning to banks, turned them dinar to the dollar in foreign currency and give them cash or instruments travelers after bank approval Central and under the foreign exchange law. »

He was an expert in the industrial sector Aqeel al-Saadi, said that the government’s initiative to reform the economy «will take a wider range with the central bank’s quest to launch industrial and agricultural loans, as well as legislation supporting the private sector laws and the transition to a market economy».

He said the financial expert Thamer al-Azzawi, «the new year will see a recovery in the capital market, with the trend to increase the foreign currency sale and provided outlets for citizens, as well as the central bank is keen to maintain the value of the Iraqi dinar and the dollar exchange rate». He explained that the new year «will see a greater reliance on technology in financial transactions, as well as to facilitate the transactions of the citizens in the banks.» He predicted that «Iraq Stock Exchange achieved a wider traded compared to last year, during which the record trillion traded shares of companies contributing to Iraq, because of the direction the state to move to a market economy».

He guessed expert Rahim al-Shammari, that «the sale of crude oil price increases in the world markets, because of« OPEC »and nations outside the Organization agreement means that the coming months will see a rise in prices». Did not rule out that the «estimated price of a barrel of crude oil between $ 55 to $ 65.»

Rawabetcenter.com

______________________________________________________________

Be sure to join the Dinar Updates “private” FaceBook Group…

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

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

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:

If you could find some way to convince folks to at least skim through this document, they would be amazed. The moves Abadi has been making the last few months – kind of sense now. There is some outstanding information here.

DayTrader

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

Ghost757: Hello everyone, I hate the idea of parachuting in, creating a dust up and then not being around much, but I just don’t have much time to spend. This is why I haven’t posted these thoughts questions before. If the chat gets slow today, I’d love to hear any / all of these commented upon.

I will start by saying that I have a great deal of respect for the contributors here. The amount of time and energy devoted to this is praiseworthy.

Having said that, I have a few thoughts that are somewhat at odds with some of our “conventional wisdom”. Firstly, we hear that a “dinar is a dinar” often. While one can’t argue with the tautological nature of the statement, I would also add: the buying power of the dinar can vary significantly. A few months ago, I had a discussion in chat and a Mod suggested that the in-country prices would remain the same after a revaluation. He even suggested that a 10,000IQD loaf of bread would still be priced at 10,000IQD after an RV of 1:1 (we used easy round numbers for simplicity – not as a prophecy).

BGG: I agree with you there – the cost of goods (as priced in IQD) will have to come down, for a lot of reasons.

Ghost757: We can look to many examples: A Ruble is still a Ruble, but ask a Russian if they can buy more or less than they could 3 years ago with their Ruble. A Yen was cheap and Japanese cars nearly put Detroit out of business, the Yen appreciated significantly and instead of goods, we say tourists because of the “strong” yen.

I will assert that the idea of an in-country / out-country RV that is dissimilar is just impossible. The resulting “run” on the currency would bankrupt the nation. In that scenario, folks would be buying as many IQD where they were cheap as possible, only to submit them to where they are valuable. That is transactional and would drive the value up or down immediately (or, as I said bankrupt the nation).

Secondly, We discuss the “note count” a lot. It is an important piece of a countries monetary policy, but we should be cautious about reading too much into it. If our belief is that the real reason for note count reduction is to replace 25K IQD notes with 250 IQD notes, then we should take a couple of additional steps. 1) What might the Iraqi population do when they realize that the 25k notes that they traded for 250 notes are worth $25,000 (again, for simplicity, I am using a 1:1)? They will riot like there is no tomorrow. What if the citizens are made whole and everyone with a couple of big wads of 25k notes is an overnight millionaire? No one comes to work the following day. It would be like an entire nation of Mega-lotto (or whatever it is called) winners. No policemen, garbage men, or power plant operators. I have traveled extensively in the Middle East. There are zero national workers. They are all guest workers, and they didn’t arrive overnight. Imagine the security nightmare that would create. Therefore, how does a “flip of the switch” work out well for Iraq?

Certainly, they would like to have a currency that is as “glorious” as it once was – but does it really matter for trade? The M1 is enough (or was until the constriction). It really doesn’t impact trade that a Kuwaiti Dinar is MUCH more valuable than an Iraqi Dinar. It doesn’t slow down US / Canadian trade that a Canadian Dollar is only worth 70 cents.

If the currency opens low and floats, there will be many who will see that rate as a “good enough” return, exchange, and reinvest or go on permanent vacation in the Caribbean. As those folks move out, new buyers move in. The net cost to Iraq? ZERO! It appreciation was funded by those entering / increasing their position. This occurs until the IQD finds it’s balance point – all without a nickel coming for the CBI.

I have more, but I’ll save the rest for another day,Thanks for reading – I enjoy this group.

To Join the DU Chat Room: http://51.255.201.18:35555/123flashchat.swf

______________________________________________________________

Indicative rates – 02.11.2017

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction 02-09-17 (most recent listing)

Currency Auctions Announcement No. 3378

This daily currency auction was held in the Central Bank of Iraq on the 02-09-2017

The results were as follows:

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

People who have time on their hands will inevitably waste the time of people who have work to do. – Thomas Sowell

*** Current News ***

Follow us on twitter @DinarUpdates !!

Dinar Updates – “NEWS TIME” w/BGG & Company – Feb 11th 6:30pm CST – In the Dinar Updates CHAT Room!!

www.DinarUpdates.com – save as favorite

BGG   …early 2017 (according to all the real sources) is still a real forecast.

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

THIS REPORT WAS SENT TO CONGRESS LAST MAY. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.

We are seeing and hearing that the inflation rate is still climbing and they are pushing to get us our money?? This report is from page 84 of the massive SIGR report.

BGG ~ This is a screen shot from the “Special Inspector General for Iraq Reconstruction” – Apr 2012, quarterly report to Congress. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them.
______________________________________________________________

I pointed out (last night) this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGR report gives us some valuable insights…

1) This is information given to the US CONGRESS on a quarterly basis… I find it hard to believe such an information source would intentionally mislead Congress. They tend to frown on such behavior. Which goes directly to the validity of this adventure – against all advice from Wells Fargo or other such naysayers.

2) It points out there having been a legitimate “plan” – or time frame in motion…having been projected to be done in 2013. We are obviously in “overtime” now.

3) It gives us an idea as to who is in charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki. Period. When is he likely to push this forward?? Historically – he has been a “weak Dinar” policy advocate. However, rumor from his own inner circle admits he can’t win a third term in office without some currency reform.

I fully expect him to use every tool in his “wheel house” to win – his recent moves in Anbar and the disputed territories prove as much. Currency reform has to be a “biggie”. Though this WAS their thinking a couple of months ago – there is no promise it is still part of their political calculus. We shall see.

4) Though no guarantee of the actual future plan they wind up engaging – this report points out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″..

Read More: http://www.dinarupdates.com/showthread.php?18519-The-Dinar-Daily-Tuesday-Feb-7th-2017&p=128477#post128477

Loop (Dinar Guru) –    […according to the SIGR report_”In April 2012, the CoM postponed indefinitely plans for a currency reform that would have removed three zeros from the Iraqi dinar in 2013…” – they truely were planning an RV back in 2013!]  It means that the US Gov is aware of their plans to increase the value of there currency.  This is one of the biggest clues that we are on the right track.

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

A Dinar Round Table Call
“with the whole DU Crew!!”
from Tues – Feb 7th
Click-N-Listen (link below)!!

Smart phone user link – Click here

World Bank links financial support for Iraq to reconciliation – Reuters News

By Maher Chmaytelli

BAGHDAD, Feb 6 (Reuters) – The World Bank plans to offer Iraq financial support in parallel with projects to foster reconciliation after Islamic State’s defeat, its regional director said on Monday, to ensure that reconstruction after years of conflict is sustainable.

U.S.-backed Iraqi and Kurdish forces have dislodged Islamic State from most cities that the hardline Sunni group captured in 2014 in Iraq, and they are now fighting the militants in their last major stronghold, Mosul, in the north.

While mainstream Shi’ite, Sunni and Kurdish forces are taking part or supporting the battle to dislodge Islamic State from Mosul, their politicians are yet to heal rifts that followed the U.S.-led invasion of Iraq in 2003.

“The Mosul battle is keeping all these forces together,” World Bank director for the Middle East Ferid Belhaj told Reuters by telephone. “When the fight is over, we don’t know what kind of pressures … will be in place; that’s why it is very important for the Iraqis to start this exercise right now.”

“We will try as much as we can to make sure that the incentives … for reconciliation would be more appealing than the incentives for each of these factions … to go it alone.”

The World Bank approved in December a new loan of $1.485 billion to help Iraq lessen the impact of low oil prices on its economy and shoulder the cost of the war on Islamic State, bringing its total support to the nation to nearly $3.4 billion. (Full Story)

The OPEC nation’s government income comes almost exclusively from exports of crude oil. It fell sharply when world oil prices tumbled three years ago.

In addition to planned financial support “we will bring people who have had experience in rebuilding social ties from a number of countries around the word,” Belhaj said, mentioning the experiences of South Africa, Morocco and Rwanda.

“This is going to be a parallel track. We will make sure that money will flow … towards reconstruction and rebuilding, but at the same to make reconstruction and rebuilding sustainable, we will need to make sure the social contract is being drawn in a way that would allow for the infrastructure to remain solid.”

The World Bank has also offered advice to the government about maintaining the Mosul dam, said Belhaj, although it was not involved in financing or arranging the contract with Italian company Trevi which was selected last year to carry out badly needed repair.

A U.S. government briefing paper released a year ago said 500,000 to 1.47 million Iraqis living in the highest-risk areas along the Tigris River “probably would not survive” the impact of a flood that would be caused by the collapse of the dam located north of Mosul. Iraqi authorities have played down the threat, estimating only a one in 1,000 chance of failure.

Keywords: MIDEAST-CRISIS/IRAQ-WORLDBANK

Read More: http://www.dinarupdates.com/showthread.php?46258-World-Bank-links-financial-support-for-Iraq-to-reconciliation-Reuters-News-06-Feb

Loop (Dinar Guru) –   Article:  “US Treasury pays tribute to the fight against the central bank for the financing of terrorism and money laundering”   The US Treasury is pleased at the speed in which Iraq has gotten the electronic system to monitor the movement of the money in and out of Iraq up and running. This shows just how serious Iraq is about stopping the financing of terrorism and money laundering. Which is a huge part of the IMF SBA.  Remember that 83 people just finished a training with KPMG last week and before that there were multiple articles about trainings of how to detect suspicious activity. THIS NEWS IS SO ENCOURAGING. THEY ARE DOING WHAT THEY NEED TO IN ORDER TO ENTER THE FREE MARKET IN SOME FASHION.

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

Iraq: Calls to raise the value of the dinar

Registration of the Iraqi economy, experts do not rule out a relatively rebound this year compared to 2016, «in the event of rising crude oil prices continued worldwide». They expected the government to take the initiative on economic reform «a broader dimension to the level of activation of the special efforts supported any productive sectors of industry, agriculture and services.» And approaching experts forecast a lot of calls to correct the value of the Iraqi dinar and the path, consistent with the exceptional economic situation in which the country is going through, with many believing that the official pricing of the dinar against the dollar is unrealistic in the current circumstances.

Economic academic Essam Mahouelle called in an interview to «life», noted that this year be the year to enhance the purchasing power of the dinar and the ability of «strengthens the confidence in the national currency, which represents the sovereignty of Iraq». He stressed the need to «restrict foreign business dealings only in dollars.»

And ways to raise the price of the dinar, Mahouelle saw the need to «manage the country’s affairs, economic mentality and look long-term, along with a quote economic experiences of states passed in conditions similar to those in which the passing of Iraq, as well as the reduction of trading the dollar in the domestic business transactions to support the national currency.» He stressed that the supervision of the Central Bank and coordination with economic authorities and relevant ministries «role in enhancing the value of the dinar by preventing the circulation of foreign currency in the local trade for whatever reason, and counted only foreign transactions». He stressed the importance that the «private and government banks take action to deal strengthens Iraqi dinars».

The dollar exchange rate against the dinar will fluctuate up and down, as he was about 4 thousand dinars in the nineties in the dollar, and scored a gradual decline after 2003 to continue to fall to 1200 dinars to the dollar in the last ten years. And it rose again after the adoption of the budget in 2015, and to require the central bank to determine its sales of foreign currency in accordance with Article 50 of that year’s budget law.

Mahouelle He pointed out that «importers of goods were turning the dinar to the dollar when paying their price by banks, as the audience did not feel the importance of the US currency only when traveling abroad and are turning to banks, turned them dinar to the dollar in foreign currency and give them cash or instruments travelers after bank approval Central and under the foreign exchange law. »

He was an expert in the industrial sector Aqeel al-Saadi, said that the government’s initiative to reform the economy «will take a wider range with the central bank’s quest to launch industrial and agricultural loans, as well as legislation supporting the private sector laws and the transition to a market economy».

He said the financial expert Thamer al-Azzawi, «the new year will see a recovery in the capital market, with the trend to increase the foreign currency sale and provided outlets for citizens, as well as the central bank is keen to maintain the value of the Iraqi dinar and the dollar exchange rate». He explained that the new year «will see a greater reliance on technology in financial transactions, as well as to facilitate the transactions of the citizens in the banks.» He predicted that «Iraq Stock Exchange achieved a wider traded compared to last year, during which the record trillion traded shares of companies contributing to Iraq, because of the direction the state to move to a market economy».

He guessed expert Rahim al-Shammari, that «the sale of crude oil price increases in the world markets, because of« OPEC »and nations outside the Organization agreement means that the coming months will see a rise in prices». Did not rule out that the «estimated price of a barrel of crude oil between $ 55 to $ 65.»

Rawabetcenter.com

______________________________________________________________

Be sure to join the Dinar Updates “private” FaceBook Group…

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

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

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:

If you could find some way to convince folks to at least skim through this document, they would be amazed. The moves Abadi has been making the last few months – kind of sense now. There is some outstanding information here.

DayTrader

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

Ghost757: Hello everyone, I hate the idea of parachuting in, creating a dust up and then not being around much, but I just don’t have much time to spend. This is why I haven’t posted these thoughts questions before. If the chat gets slow today, I’d love to hear any / all of these commented upon.

I will start by saying that I have a great deal of respect for the contributors here. The amount of time and energy devoted to this is praiseworthy.

Having said that, I have a few thoughts that are somewhat at odds with some of our “conventional wisdom”. Firstly, we hear that a “dinar is a dinar” often. While one can’t argue with the tautological nature of the statement, I would also add: the buying power of the dinar can vary significantly. A few months ago, I had a discussion in chat and a Mod suggested that the in-country prices would remain the same after a revaluation. He even suggested that a 10,000IQD loaf of bread would still be priced at 10,000IQD after an RV of 1:1 (we used easy round numbers for simplicity – not as a prophecy).

BGG: I agree with you there – the cost of goods (as priced in IQD) will have to come down, for a lot of reasons.

Ghost757: We can look to many examples: A Ruble is still a Ruble, but ask a Russian if they can buy more or less than they could 3 years ago with their Ruble. A Yen was cheap and Japanese cars nearly put Detroit out of business, the Yen appreciated significantly and instead of goods, we say tourists because of the “strong” yen.

I will assert that the idea of an in-country / out-country RV that is dissimilar is just impossible. The resulting “run” on the currency would bankrupt the nation. In that scenario, folks would be buying as many IQD where they were cheap as possible, only to submit them to where they are valuable. That is transactional and would drive the value up or down immediately (or, as I said bankrupt the nation).

Secondly, We discuss the “note count” a lot. It is an important piece of a countries monetary policy, but we should be cautious about reading too much into it. If our belief is that the real reason for note count reduction is to replace 25K IQD notes with 250 IQD notes, then we should take a couple of additional steps. 1) What might the Iraqi population do when they realize that the 25k notes that they traded for 250 notes are worth $25,000 (again, for simplicity, I am using a 1:1)? They will riot like there is no tomorrow. What if the citizens are made whole and everyone with a couple of big wads of 25k notes is an overnight millionaire? No one comes to work the following day. It would be like an entire nation of Mega-lotto (or whatever it is called) winners. No policemen, garbage men, or power plant operators. I have traveled extensively in the Middle East. There are zero national workers. They are all guest workers, and they didn’t arrive overnight. Imagine the security nightmare that would create. Therefore, how does a “flip of the switch” work out well for Iraq?

Certainly, they would like to have a currency that is as “glorious” as it once was – but does it really matter for trade? The M1 is enough (or was until the constriction). It really doesn’t impact trade that a Kuwaiti Dinar is MUCH more valuable than an Iraqi Dinar. It doesn’t slow down US / Canadian trade that a Canadian Dollar is only worth 70 cents.

If the currency opens low and floats, there will be many who will see that rate as a “good enough” return, exchange, and reinvest or go on permanent vacation in the Caribbean. As those folks move out, new buyers move in. The net cost to Iraq? ZERO! It appreciation was funded by those entering / increasing their position. This occurs until the IQD finds it’s balance point – all without a nickel coming for the CBI.

I have more, but I’ll save the rest for another day,Thanks for reading – I enjoy this group.

To Join the DU Chat Room: http://51.255.201.18:35555/123flashchat.swf

______________________________________________________________

Indicative rates – 02.10.2017

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction 02-09-17 (most recent listing)

Currency Auctions Announcement No. 3378

This daily currency auction was held in the Central Bank of Iraq on the 02-09-2017

The results were as follows:

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

What we obtain too cheap, we esteem too lightly; it is dearness only that gives everything its value. – Thomas Paine

*** Current News ***

Follow us on twitter @DinarUpdates !!

Dinar Updates – “NEWS TIME” w/the DU FaceBook Crew – Feb 9th 6:30pm CST – In the Dinar Updates CHAT Room!!

www.DinarUpdates.com – save as favorite

BGG   …early 2017 (according to all the real sources) is still a real forecast.

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

THIS REPORT WAS SENT TO CONGRESS LAST MAY. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.

We are seeing and hearing that the inflation rate is still climbing and they are pushing to get us our money?? This report is from page 84 of the massive SIGR report.

BGG ~ This is a screen shot from the “Special Inspector General for Iraq Reconstruction” – Apr 2012, quarterly report to Congress. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them.
______________________________________________________________

I pointed out (last night) this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGR report gives us some valuable insights…

1) This is information given to the US CONGRESS on a quarterly basis… I find it hard to believe such an information source would intentionally mislead Congress. They tend to frown on such behavior. Which goes directly to the validity of this adventure – against all advice from Wells Fargo or other such naysayers.

2) It points out there having been a legitimate “plan” – or time frame in motion…having been projected to be done in 2013. We are obviously in “overtime” now.

3) It gives us an idea as to who is in charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki. Period. When is he likely to push this forward?? Historically – he has been a “weak Dinar” policy advocate. However, rumor from his own inner circle admits he can’t win a third term in office without some currency reform.

I fully expect him to use every tool in his “wheel house” to win – his recent moves in Anbar and the disputed territories prove as much. Currency reform has to be a “biggie”. Though this WAS their thinking a couple of months ago – there is no promise it is still part of their political calculus. We shall see.

4) Though no guarantee of the actual future plan they wind up engaging – this report points out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″..

Read More: http://www.dinarupdates.com/showthread.php?18519-The-Dinar-Daily-Tuesday-Feb-7th-2017&p=128477#post128477

Loop (Dinar Guru) –    […according to the SIGR report_”In April 2012, the CoM postponed indefinitely plans for a currency reform that would have removed three zeros from the Iraqi dinar in 2013…” – they truely were planning an RV back in 2013!]  It means that the US Gov is aware of their plans to increase the value of there currency.  This is one of the biggest clues that we are on the right track.

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

A Dinar Round Table Call
“with the whole DU Crew!!”
from Tues – Feb 7th
Click-N-Listen (link below)!!

Smart phone user link – Click here

World Bank links financial support for Iraq to reconciliation – Reuters News

By Maher Chmaytelli

BAGHDAD, Feb 6 (Reuters) – The World Bank plans to offer Iraq financial support in parallel with projects to foster reconciliation after Islamic State’s defeat, its regional director said on Monday, to ensure that reconstruction after years of conflict is sustainable.

U.S.-backed Iraqi and Kurdish forces have dislodged Islamic State from most cities that the hardline Sunni group captured in 2014 in Iraq, and they are now fighting the militants in their last major stronghold, Mosul, in the north.

While mainstream Shi’ite, Sunni and Kurdish forces are taking part or supporting the battle to dislodge Islamic State from Mosul, their politicians are yet to heal rifts that followed the U.S.-led invasion of Iraq in 2003.

“The Mosul battle is keeping all these forces together,” World Bank director for the Middle East Ferid Belhaj told Reuters by telephone. “When the fight is over, we don’t know what kind of pressures … will be in place; that’s why it is very important for the Iraqis to start this exercise right now.”

“We will try as much as we can to make sure that the incentives … for reconciliation would be more appealing than the incentives for each of these factions … to go it alone.”

The World Bank approved in December a new loan of $1.485 billion to help Iraq lessen the impact of low oil prices on its economy and shoulder the cost of the war on Islamic State, bringing its total support to the nation to nearly $3.4 billion. (Full Story)

The OPEC nation’s government income comes almost exclusively from exports of crude oil. It fell sharply when world oil prices tumbled three years ago.

In addition to planned financial support “we will bring people who have had experience in rebuilding social ties from a number of countries around the word,” Belhaj said, mentioning the experiences of South Africa, Morocco and Rwanda.

“This is going to be a parallel track. We will make sure that money will flow … towards reconstruction and rebuilding, but at the same to make reconstruction and rebuilding sustainable, we will need to make sure the social contract is being drawn in a way that would allow for the infrastructure to remain solid.”

The World Bank has also offered advice to the government about maintaining the Mosul dam, said Belhaj, although it was not involved in financing or arranging the contract with Italian company Trevi which was selected last year to carry out badly needed repair.

A U.S. government briefing paper released a year ago said 500,000 to 1.47 million Iraqis living in the highest-risk areas along the Tigris River “probably would not survive” the impact of a flood that would be caused by the collapse of the dam located north of Mosul. Iraqi authorities have played down the threat, estimating only a one in 1,000 chance of failure.

Keywords: MIDEAST-CRISIS/IRAQ-WORLDBANK

Read More: http://www.dinarupdates.com/showthread.php?46258-World-Bank-links-financial-support-for-Iraq-to-reconciliation-Reuters-News-06-Feb

Loop (Dinar Guru) –   Article:  “US Treasury pays tribute to the fight against the central bank for the financing of terrorism and money laundering”   The US Treasury is pleased at the speed in which Iraq has gotten the electronic system to monitor the movement of the money in and out of Iraq up and running. This shows just how serious Iraq is about stopping the financing of terrorism and money laundering. Which is a huge part of the IMF SBA.  Remember that 83 people just finished a training with KPMG last week and before that there were multiple articles about trainings of how to detect suspicious activity. THIS NEWS IS SO ENCOURAGING. THEY ARE DOING WHAT THEY NEED TO IN ORDER TO ENTER THE FREE MARKET IN SOME FASHION.

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

Iraq: Calls to raise the value of the dinar

Registration of the Iraqi economy, experts do not rule out a relatively rebound this year compared to 2016, «in the event of rising crude oil prices continued worldwide». They expected the government to take the initiative on economic reform «a broader dimension to the level of activation of the special efforts supported any productive sectors of industry, agriculture and services.» And approaching experts forecast a lot of calls to correct the value of the Iraqi dinar and the path, consistent with the exceptional economic situation in which the country is going through, with many believing that the official pricing of the dinar against the dollar is unrealistic in the current circumstances.

Economic academic Essam Mahouelle called in an interview to «life», noted that this year be the year to enhance the purchasing power of the dinar and the ability of «strengthens the confidence in the national currency, which represents the sovereignty of Iraq». He stressed the need to «restrict foreign business dealings only in dollars.»

And ways to raise the price of the dinar, Mahouelle saw the need to «manage the country’s affairs, economic mentality and look long-term, along with a quote economic experiences of states passed in conditions similar to those in which the passing of Iraq, as well as the reduction of trading the dollar in the domestic business transactions to support the national currency.» He stressed that the supervision of the Central Bank and coordination with economic authorities and relevant ministries «role in enhancing the value of the dinar by preventing the circulation of foreign currency in the local trade for whatever reason, and counted only foreign transactions». He stressed the importance that the «private and government banks take action to deal strengthens Iraqi dinars».

The dollar exchange rate against the dinar will fluctuate up and down, as he was about 4 thousand dinars in the nineties in the dollar, and scored a gradual decline after 2003 to continue to fall to 1200 dinars to the dollar in the last ten years. And it rose again after the adoption of the budget in 2015, and to require the central bank to determine its sales of foreign currency in accordance with Article 50 of that year’s budget law.

Mahouelle He pointed out that «importers of goods were turning the dinar to the dollar when paying their price by banks, as the audience did not feel the importance of the US currency only when traveling abroad and are turning to banks, turned them dinar to the dollar in foreign currency and give them cash or instruments travelers after bank approval Central and under the foreign exchange law. »

He was an expert in the industrial sector Aqeel al-Saadi, said that the government’s initiative to reform the economy «will take a wider range with the central bank’s quest to launch industrial and agricultural loans, as well as legislation supporting the private sector laws and the transition to a market economy».

He said the financial expert Thamer al-Azzawi, «the new year will see a recovery in the capital market, with the trend to increase the foreign currency sale and provided outlets for citizens, as well as the central bank is keen to maintain the value of the Iraqi dinar and the dollar exchange rate». He explained that the new year «will see a greater reliance on technology in financial transactions, as well as to facilitate the transactions of the citizens in the banks.» He predicted that «Iraq Stock Exchange achieved a wider traded compared to last year, during which the record trillion traded shares of companies contributing to Iraq, because of the direction the state to move to a market economy».

He guessed expert Rahim al-Shammari, that «the sale of crude oil price increases in the world markets, because of« OPEC »and nations outside the Organization agreement means that the coming months will see a rise in prices». Did not rule out that the «estimated price of a barrel of crude oil between $ 55 to $ 65.»

Rawabetcenter.com

______________________________________________________________

Be sure to join the Dinar Updates “private” FaceBook Group…

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

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

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:

If you could find some way to convince folks to at least skim through this document, they would be amazed. The moves Abadi has been making the last few months – kind of sense now. There is some outstanding information here.

DayTrader

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

Ghost757: Hello everyone, I hate the idea of parachuting in, creating a dust up and then not being around much, but I just don’t have much time to spend. This is why I haven’t posted these thoughts questions before. If the chat gets slow today, I’d love to hear any / all of these commented upon.

I will start by saying that I have a great deal of respect for the contributors here. The amount of time and energy devoted to this is praiseworthy.

Having said that, I have a few thoughts that are somewhat at odds with some of our “conventional wisdom”. Firstly, we hear that a “dinar is a dinar” often. While one can’t argue with the tautological nature of the statement, I would also add: the buying power of the dinar can vary significantly. A few months ago, I had a discussion in chat and a Mod suggested that the in-country prices would remain the same after a revaluation. He even suggested that a 10,000IQD loaf of bread would still be priced at 10,000IQD after an RV of 1:1 (we used easy round numbers for simplicity – not as a prophecy).

BGG: I agree with you there – the cost of goods (as priced in IQD) will have to come down, for a lot of reasons.

Ghost757: We can look to many examples: A Ruble is still a Ruble, but ask a Russian if they can buy more or less than they could 3 years ago with their Ruble. A Yen was cheap and Japanese cars nearly put Detroit out of business, the Yen appreciated significantly and instead of goods, we say tourists because of the “strong” yen.

I will assert that the idea of an in-country / out-country RV that is dissimilar is just impossible. The resulting “run” on the currency would bankrupt the nation. In that scenario, folks would be buying as many IQD where they were cheap as possible, only to submit them to where they are valuable. That is transactional and would drive the value up or down immediately (or, as I said bankrupt the nation).

Secondly, We discuss the “note count” a lot. It is an important piece of a countries monetary policy, but we should be cautious about reading too much into it. If our belief is that the real reason for note count reduction is to replace 25K IQD notes with 250 IQD notes, then we should take a couple of additional steps. 1) What might the Iraqi population do when they realize that the 25k notes that they traded for 250 notes are worth $25,000 (again, for simplicity, I am using a 1:1)? They will riot like there is no tomorrow. What if the citizens are made whole and everyone with a couple of big wads of 25k notes is an overnight millionaire? No one comes to work the following day. It would be like an entire nation of Mega-lotto (or whatever it is called) winners. No policemen, garbage men, or power plant operators. I have traveled extensively in the Middle East. There are zero national workers. They are all guest workers, and they didn’t arrive overnight. Imagine the security nightmare that would create. Therefore, how does a “flip of the switch” work out well for Iraq?

Certainly, they would like to have a currency that is as “glorious” as it once was – but does it really matter for trade? The M1 is enough (or was until the constriction). It really doesn’t impact trade that a Kuwaiti Dinar is MUCH more valuable than an Iraqi Dinar. It doesn’t slow down US / Canadian trade that a Canadian Dollar is only worth 70 cents.

If the currency opens low and floats, there will be many who will see that rate as a “good enough” return, exchange, and reinvest or go on permanent vacation in the Caribbean. As those folks move out, new buyers move in. The net cost to Iraq? ZERO! It appreciation was funded by those entering / increasing their position. This occurs until the IQD finds it’s balance point – all without a nickel coming for the CBI.

I have more, but I’ll save the rest for another day,Thanks for reading – I enjoy this group.

To Join the DU Chat Room: http://51.255.201.18:35555/123flashchat.swf

______________________________________________________________

Indicative rates – 02.09.2017

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction 02-08-17 (most recent listing)

Currency Auctions Announcement No. 3377

This daily currency auction was held in the Central Bank of Iraq on the 02-08-2017

The results were as follows:

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

The greatest friend of truth is Time, her greatest enemy is Prejudice, and her constant companion is Humility. – Charles Caleb Colton

*** Current News ***

A Dinar Round Table Call
“with the whole DU Crew!!”
from Tues – Feb 7th
Click-N-Listen (link below)!!

Smart phone user link – Click here

BGG (Dinar Guru) –   The dinar was pegged at par with the British Pound until 1959 when, without changing its value, the peg was switched to the United States dollar at the rate of 1 dinar = 2.8 dollars. By not following the devaluations of the U.S. currency in 1971 and 1973, the dinar rose to a value of US $3.3778, before a 5 percent devaluation reduced the value of the dinar to US $3.2169, a rate which remained until the Gulf War, although in late 1989, the black market rate was reported at five to six times higher than the official rate.[1] – The Gulf War ended in 1991.  So the $3 rate was “live” until sometime in 1991.

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

THIS REPORT WAS SENT TO CONGRESS LAST MAY. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.

We are seeing and hearing that the inflation rate is still climbing and they are pushing to get us our money?? This report is from page 84 of the massive SIGR report.

BGG ~ This is a screen shot from the “Special Inspector General for Iraq Reconstruction” – Apr 2012, quarterly report to Congress. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them.
______________________________________________________________

I pointed out (last night) this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGR report gives us some valuable insights…

1) This is information given to the US CONGRESS on a quarterly basis… I find it hard to believe such an information source would intentionally mislead Congress. They tend to frown on such behavior. Which goes directly to the validity of this adventure – against all advice from Wells Fargo or other such naysayers.

2) It points out there having been a legitimate “plan” – or time frame in motion…having been projected to be done in 2013. We are obviously in “overtime” now.

3) It gives us an idea as to who is in charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki. Period. When is he likely to push this forward?? Historically – he has been a “weak Dinar” policy advocate. However, rumor from his own inner circle admits he can’t win a third term in office without some currency reform.

I fully expect him to use every tool in his “wheel house” to win – his recent moves in Anbar and the disputed territories prove as much. Currency reform has to be a “biggie”. Though this WAS their thinking a couple of months ago – there is no promise it is still part of their political calculus. We shall see.

4) Though no guarantee of the actual future plan they wind up engaging – this report points out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″..

Read More: http://www.dinarupdates.com/showthread.php?18519-The-Dinar-Daily-Tuesday-Feb-7th-2017&p=128477#post128477

Loop (Dinar Guru) –  Article:  “Central banks demanding disclosure of the names of the transferred customers from foreign remittance payments”   Quote:  “for the purpose of activating the Help the sale and purchase of foreign bank’s currency and sufficient oversight of compliance Massarvkm check the sources money your customers and their uses, it was decided to send a special list of the names transferred customers and end-beneficiaries of the sums foreign remittances that are implemented through the sale and purchase of foreign currency window. ”  What I got from the translation is that the CBI is making it mandatory that all banks provide the Company name and the name of the person in change [charge ?] with all foreign currency transactions. This is right in line with what the IMF wants them to do to combat the financing of terrorism. Love the call for transparency. They are working the plan.

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

World Bank links financial support for Iraq to reconciliation – Reuters News

By Maher Chmaytelli

BAGHDAD, Feb 6 (Reuters) – The World Bank plans to offer Iraq financial support in parallel with projects to foster reconciliation after Islamic State’s defeat, its regional director said on Monday, to ensure that reconstruction after years of conflict is sustainable.

U.S.-backed Iraqi and Kurdish forces have dislodged Islamic State from most cities that the hardline Sunni group captured in 2014 in Iraq, and they are now fighting the militants in their last major stronghold, Mosul, in the north.

While mainstream Shi’ite, Sunni and Kurdish forces are taking part or supporting the battle to dislodge Islamic State from Mosul, their politicians are yet to heal rifts that followed the U.S.-led invasion of Iraq in 2003.

“The Mosul battle is keeping all these forces together,” World Bank director for the Middle East Ferid Belhaj told Reuters by telephone. “When the fight is over, we don’t know what kind of pressures … will be in place; that’s why it is very important for the Iraqis to start this exercise right now.”

“We will try as much as we can to make sure that the incentives … for reconciliation would be more appealing than the incentives for each of these factions … to go it alone.”

The World Bank approved in December a new loan of $1.485 billion to help Iraq lessen the impact of low oil prices on its economy and shoulder the cost of the war on Islamic State, bringing its total support to the nation to nearly $3.4 billion. (Full Story)

The OPEC nation’s government income comes almost exclusively from exports of crude oil. It fell sharply when world oil prices tumbled three years ago.

In addition to planned financial support “we will bring people who have had experience in rebuilding social ties from a number of countries around the word,” Belhaj said, mentioning the experiences of South Africa, Morocco and Rwanda.

“This is going to be a parallel track. We will make sure that money will flow … towards reconstruction and rebuilding, but at the same to make reconstruction and rebuilding sustainable, we will need to make sure the social contract is being drawn in a way that would allow for the infrastructure to remain solid.”

The World Bank has also offered advice to the government about maintaining the Mosul dam, said Belhaj, although it was not involved in financing or arranging the contract with Italian company Trevi which was selected last year to carry out badly needed repair.

A U.S. government briefing paper released a year ago said 500,000 to 1.47 million Iraqis living in the highest-risk areas along the Tigris River “probably would not survive” the impact of a flood that would be caused by the collapse of the dam located north of Mosul. Iraqi authorities have played down the threat, estimating only a one in 1,000 chance of failure.

Keywords: MIDEAST-CRISIS/IRAQ-WORLDBANK

Read More: http://www.dinarupdates.com/showthread.php?46258-World-Bank-links-financial-support-for-Iraq-to-reconciliation-Reuters-News-06-Feb

Kaperoni (Dinar Guru) –   Article:  “Parliamentary Legal planned to introduce a number of important laws to parliament table”   Quote:  “all of these laws are important, and we will work on in the coming days.”   They been saying this for the past two years. I’ll wait until I see them passed before I get excited.

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

A Dinar Round Table Call
“with the whole DU Crew!!”
from Tues – Jan 31st
Click-N-Listen (link below)!!

Smart phone user link – Click here

Iraq: Calls to raise the value of the dinar

Registration of the Iraqi economy, experts do not rule out a relatively rebound this year compared to 2016, «in the event of rising crude oil prices continued worldwide». They expected the government to take the initiative on economic reform «a broader dimension to the level of activation of the special efforts supported any productive sectors of industry, agriculture and services.» And approaching experts forecast a lot of calls to correct the value of the Iraqi dinar and the path, consistent with the exceptional economic situation in which the country is going through, with many believing that the official pricing of the dinar against the dollar is unrealistic in the current circumstances.

Economic academic Essam Mahouelle called in an interview to «life», noted that this year be the year to enhance the purchasing power of the dinar and the ability of «strengthens the confidence in the national currency, which represents the sovereignty of Iraq». He stressed the need to «restrict foreign business dealings only in dollars.»

And ways to raise the price of the dinar, Mahouelle saw the need to «manage the country’s affairs, economic mentality and look long-term, along with a quote economic experiences of states passed in conditions similar to those in which the passing of Iraq, as well as the reduction of trading the dollar in the domestic business transactions to support the national currency.» He stressed that the supervision of the Central Bank and coordination with economic authorities and relevant ministries «role in enhancing the value of the dinar by preventing the circulation of foreign currency in the local trade for whatever reason, and counted only foreign transactions». He stressed the importance that the «private and government banks take action to deal strengthens Iraqi dinars».

The dollar exchange rate against the dinar will fluctuate up and down, as he was about 4 thousand dinars in the nineties in the dollar, and scored a gradual decline after 2003 to continue to fall to 1200 dinars to the dollar in the last ten years. And it rose again after the adoption of the budget in 2015, and to require the central bank to determine its sales of foreign currency in accordance with Article 50 of that year’s budget law.

Mahouelle He pointed out that «importers of goods were turning the dinar to the dollar when paying their price by banks, as the audience did not feel the importance of the US currency only when traveling abroad and are turning to banks, turned them dinar to the dollar in foreign currency and give them cash or instruments travelers after bank approval Central and under the foreign exchange law. »

He was an expert in the industrial sector Aqeel al-Saadi, said that the government’s initiative to reform the economy «will take a wider range with the central bank’s quest to launch industrial and agricultural loans, as well as legislation supporting the private sector laws and the transition to a market economy».

He said the financial expert Thamer al-Azzawi, «the new year will see a recovery in the capital market, with the trend to increase the foreign currency sale and provided outlets for citizens, as well as the central bank is keen to maintain the value of the Iraqi dinar and the dollar exchange rate». He explained that the new year «will see a greater reliance on technology in financial transactions, as well as to facilitate the transactions of the citizens in the banks.» He predicted that «Iraq Stock Exchange achieved a wider traded compared to last year, during which the record trillion traded shares of companies contributing to Iraq, because of the direction the state to move to a market economy».

He guessed expert Rahim al-Shammari, that «the sale of crude oil price increases in the world markets, because of« OPEC »and nations outside the Organization agreement means that the coming months will see a rise in prices». Did not rule out that the «estimated price of a barrel of crude oil between $ 55 to $ 65.»

Rawabetcenter.com

______________________________________________________________

Be sure to join the Dinar Updates “private” FaceBook Group…

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

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

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:

If you could find some way to convince folks to at least skim through this document, they would be amazed. The moves Abadi has been making the last few months – kind of sense now. There is some outstanding information here.

DayTrader

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

Ghost757: Hello everyone, I hate the idea of parachuting in, creating a dust up and then not being around much, but I just don’t have much time to spend. This is why I haven’t posted these thoughts questions before. If the chat gets slow today, I’d love to hear any / all of these commented upon.

I will start by saying that I have a great deal of respect for the contributors here. The amount of time and energy devoted to this is praiseworthy.

Having said that, I have a few thoughts that are somewhat at odds with some of our “conventional wisdom”. Firstly, we hear that a “dinar is a dinar” often. While one can’t argue with the tautological nature of the statement, I would also add: the buying power of the dinar can vary significantly. A few months ago, I had a discussion in chat and a Mod suggested that the in-country prices would remain the same after a revaluation. He even suggested that a 10,000IQD loaf of bread would still be priced at 10,000IQD after an RV of 1:1 (we used easy round numbers for simplicity – not as a prophecy).

BGG: I agree with you there – the cost of goods (as priced in IQD) will have to come down, for a lot of reasons.

Ghost757: We can look to many examples: A Ruble is still a Ruble, but ask a Russian if they can buy more or less than they could 3 years ago with their Ruble. A Yen was cheap and Japanese cars nearly put Detroit out of business, the Yen appreciated significantly and instead of goods, we say tourists because of the “strong” yen.

I will assert that the idea of an in-country / out-country RV that is dissimilar is just impossible. The resulting “run” on the currency would bankrupt the nation. In that scenario, folks would be buying as many IQD where they were cheap as possible, only to submit them to where they are valuable. That is transactional and would drive the value up or down immediately (or, as I said bankrupt the nation).

Secondly, We discuss the “note count” a lot. It is an important piece of a countries monetary policy, but we should be cautious about reading too much into it. If our belief is that the real reason for note count reduction is to replace 25K IQD notes with 250 IQD notes, then we should take a couple of additional steps. 1) What might the Iraqi population do when they realize that the 25k notes that they traded for 250 notes are worth $25,000 (again, for simplicity, I am using a 1:1)? They will riot like there is no tomorrow. What if the citizens are made whole and everyone with a couple of big wads of 25k notes is an overnight millionaire? No one comes to work the following day. It would be like an entire nation of Mega-lotto (or whatever it is called) winners. No policemen, garbage men, or power plant operators. I have traveled extensively in the Middle East. There are zero national workers. They are all guest workers, and they didn’t arrive overnight. Imagine the security nightmare that would create. Therefore, how does a “flip of the switch” work out well for Iraq?

Certainly, they would like to have a currency that is as “glorious” as it once was – but does it really matter for trade? The M1 is enough (or was until the constriction). It really doesn’t impact trade that a Kuwaiti Dinar is MUCH more valuable than an Iraqi Dinar. It doesn’t slow down US / Canadian trade that a Canadian Dollar is only worth 70 cents.

If the currency opens low and floats, there will be many who will see that rate as a “good enough” return, exchange, and reinvest or go on permanent vacation in the Caribbean. As those folks move out, new buyers move in. The net cost to Iraq? ZERO! It appreciation was funded by those entering / increasing their position. This occurs until the IQD finds it’s balance point – all without a nickel coming for the CBI.

I have more, but I’ll save the rest for another day,Thanks for reading – I enjoy this group.

To Join the DU Chat Room: http://51.255.201.18:35555/123flashchat.swf

______________________________________________________________

Indicative rates – 02.08.2017

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