Dinar Daily NEWS Blog – July 26th

Posted on July 26, 2016 by BGG

Welcome to the Dinar Daily NEWS Blog. For regular Dinar News Updates, Dinar to USD listings, Iraqi Dinar info and Dinar info – THAT MATTERS!! This is a good place to start for your Daily Dinar Recap – if you are a Dinar vet or just looking for the current Dinar Value – Welcome.

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 07-26-16

Currency Auctions Announcement No. 3245

This daily currency auction was held in the Central Bank of Iraq on the 07-26-2016

The results were as follows:

DETAILS	NOTES
Number of banks	29
Number of remittance companies	16
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	154,089,197
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	154,089,197
Total offers for selling (US$)	—–

More: http://dinarupdates.com/observer/
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He who decides a case without hearing the other side, though he decide justly, cannot be considered just. – Lucius Annaeus Seneca

* Current News *

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RCookie NEWS Recap
(from) MONDAY JULY 25TH, 2016

PARLIAMENT

SUPREME JUDICIAL COUNCIL AND JABOURI REVIEWING CASE PRECEDENTS CONCERNING LIFTING OF IMMUNITY OF MPS UNDER COURT ORDER 101 (2014) ARTICLE 434 OF PENAL CODE FOR MP ALI…HOR AGENDA MEET TOMORROW TO VOTE ON DRAFT LAW ABOLITION OF MINISTRIES, UNIVERSTIES COLLEGES LAW AND 1ST READING ACCESSION TO INT’L INSTITUTE UNIFICATION OF PRIVATE LAW (UNIDROIT)…PARLIAMENT WILL SUBMIT FINAL REPORT ON KARRADA BOMBING IN NEXT 2 DAYS…JABOURI ASSERTS NEED FOR BADR SECRETARY GENERAL AMERI TO STABILIZE SECURITY & POLITICAL SITUATION IN DIYALA ENGAGE CITIZENS & CALL FOR EMERGENCY PARL SESSION IN PRESENCE ABADI…FRONT REFORM CRITICIZE REDUCE PROFESSORS PENSIONS BY HALF WITH MALIKI ALSO CONDEMING…MP NAIELI ANNOUNCES ABADI WILL PRESENT CABINET RESHUFFLE SEVEN NAMES TO PARLIAMENT NEXT WEEK…ALLAWI NATIONAL ALLIANCE COALITION NOMINATE JANABI AND SHAMMARI FOR PANEL TO AMEND CONSTITUTION,…PARLIAMENT SECURITY SURPRISED LACK OF ACCOUNTABILITY INVOLVED IN ARMAMENT CONTRACTS AND FALL OF MOSUL…MP MILKFISH AVOW DEPT OF MINISTRIES ACTING IN NON CONSTITUTIONAL MANNER IN PROXY APPOINTMENTS…JABOURI ISSUES STATEMENT THAT PARLIAMENT READY TO ENACT LAWS FOR THE EMERGING INDUSTRIAL SECTOR SUCH AS MICROCREDIT PROGRAM TO ADVANCE THE NATIONAL ECONOMY AND PRIVATE SECTOR…

GENERAL

BARZANI STATES NEED TO REDEFINE BORDERS OF KURDISTAN REGION AFTER ELIMINATION OF ISIS IN ALL AREAS…MASSUD APOLOGIZES FOR NOT PERSONALLY ATTENDING ARAB SUMMIT MAURITANIA TODAY & TOMORROW EMERGENCY REASONS JAFAARI WENT INSTEAD…ANBAR GOVERNOR STATES EXCITEMENT ON RECEIVING HIGH CAPACITY ELECTRIC GENERATORS FOR LIBERATED AREAS…IRAQIS ANGRY AT HOR TO CANCEL GRANT MATERIAL PRIVILEGES ALLOWANCES INCLUDING 12 YEAR DIPLOMATIC PASSPORTS FOR MEMBERS AND 8 YEARS FOR FAMILIES AFTER LEGISLATIVE SESSION AS WELL AS SOCIAL & SECURITY SUPPLIES BEING MET WITH RANCOR AMIDST ECONOMIC CONDITIONS …JAFAARI STATES AT NOUAKCHOTT MAURITANIA ARAB SUMMIT “IRAQ MOVING STEADILY TOWARD STABILITY”…MINISTRY OF HEALTH IN KURDISTAN REGION CALLING FOR DESPEATE INCREASE IN MEDICINES FOR LIBERATION OF MOSUL OPERATIONS DISPLACED…PM OF SCOTLAND ASSERTS READINESS FOR REFERENDUM OF INDEPENDENCE FROM BRITAIN…ISIS GOES GLOBAL WITH 125 ATTACKS IN 27 COUNTRIES….ABADI ISSUES STATEMENT INSISTING IRAQIS AND RED CROSS DOUBLING EFFORTS IN MOSUL LIBERATION STAGE AND SUPPORT OF DISPLACED AHEAD…MINISTER OF EDUCATION ANNOUNCE THE LAUNCH OF 842 JOBS TO MEET SHORTFALL IN QADISIYAH PROVINCE…RAFIDAIN BANK ACCELERATES AVAILABILITY AND ACCESS TO LOANS FOR KARRADA BOMBING VICTIMS…JAFAARI STATES RESULTS FROM DONORS CONFERENE WILL BE SPENT ON THE RECONSTRUCTION OF INFRASTRUCTURE IN LIBERATED AREAS…MINISTRY OF COMMERCE ANNOUNCE COMPLETE PREPARATIONS FOR 43RD ANNUAL BAGHDAD INT’L FAIR IRAQI EXHIBTION BUSINESS SERVICES TO BE HELD NOVEMBER 1ST…

SECURITY

PESHMERGA DEFEND ROLE IN BATTLE OF MOSUL OUTSIDE THE SCOPE OF TUTELGE OF BAGHDAD AND WANT TO PARTICIPATE ON OUTSKIRTS EVEN IF NOT PENETRATE THE CENTER AFTER 2 YEARS AND APPLICATION OF ARTICLE 140 AFTER FULL LIBERATION STAGES COMPLETED…48 IRAQIS KILLED IN KHALIS SUICIDE BOMBING ATTACK…MAGOURK RESTATES STRATEGIC IMPORTANCE OF QAYYARAH BASE TOEARD MOSUL LIBERATION OPERATION…FRANCE DELIVERING LOAD OF SOPHISTICATED WEAPONRY TO IRAQ TO SUPPORT WAR ON ISIS…PARL SECURITY REVIEW SHOWING LETTER “M” ON HOUSES & BUILDINGS IN MOSUL CAUSING DISTRESS FOR ISIS ELEMENTS…DOZENS OF ISIS ELEMENTS KILLED IN AERIAL ATTACK IN EASTERN RAMADI…70% HAWIJA SOUTH OF KIRKUK TERRITORY EDITED FROM ISIS OCCUPATION…WORLD HERITAGE ORGANIZATION CALLS FOR INCREASED & STRENGTHENED SECURITY IN DHI QAR MARSHES…28 ISIS ELEMNTS KILLED IN ISF BOMBING IN SOUTHERN MOSUL…PENTAGON DENIES REPORT OF ISIS SHOOTING DOWN OF US WARPLANE AND KILLING OF CREW IN ASAD BASE WESTERN IRAQ…

INVESTMENT/ECONOMY/BUSINESS

ASST OIL & GAS MINISTER REZA ANNOUNCESIRAQS GAS PRODUCTION WILL DOUBLE TO 1.2 BILLION CUBIC METERS AND 5,00 TONS PER DAY OF LIQUID GAS… JAPANESE ANNOUNCE LOAN OF $2.1 BILLION FOR DEVELOPMENT & REHABILITATION OF BASRA REFINERY 2% INTEREST OVER 20 YEARS NOT PART OF JICA…DHI QAR PURSUING ACCELERATED COMPLETION OF NASIRIYAH AIRPORT SINCE UNESCO WORLD HERITAGE INCLUSION…CBI ANNOUNCES AUCTION SALES OF $17 BILLION SINCE START OF 2016 DOWN $3 BILLION FROM 2015…ISX PUBLISHES GRATITUDE LETTERS FOR INT’L EXPERT PANEL MEMBERS INCLUDING SEC FOR PARTICIPATION IN WEEKEND WORKSHOP…SALEH MAKES STATEMENT THAT IRAQS ECONOMY IS STEADILY AND GRADUALLY RECOVERING FROM CRISIS IN 1ST HALF OF 2016 & ABADIS COMMITMENT TO SUSTAIN MOMENTUM AFTER SURVIVNG MOST CRITICAL STAGE…MINISTRY OF COMMERCE & TRADE ANNOUNCE 197 NATIONAL COMPANIES AND 9 FOREIGN COMPANIES 32 JOINT STOCK COMPANIES IN JUNE WITH DEPT OF REGISTRARS WHILE 279 REFERRED TO INVESTIGATING JUDGE FOR VIOLATING GUIDELINES AND INSTRUCTIONS…IRAQ EXPORTS 95.3 MILLION BARRELS OF CRUDE OIL TO 31 COUNTRIES IN JUNE…IRAQI DELEGATION TO TEHRAN NEXT WEEK TO DISCUSS GAS EXPORT PRICING…MAYSAN COUNCIL PRESENTS LIST OF UNFINISHED PROJECTS HELD SINCE 2012…GOLD AT 216,000 IQD PER WEIGHT…OIL FALLS TO 2 MONTH LOW AT $45.65…CBI ALLOCATES 1 TRILLION IQD FOR YOUTH & ALUMNI LOAN PROGRAMS TO ATTACK UNEMPLOYMENT & ACTIVATE PRIVATE SECTOR…MINISTRY OF TRADE NEGOTIATING WITH UKRANIAN COMPANIES FOR IMPORT OF REBAR FOR CONSTRUCTION NEEDS….

The agenda of the parliamentary session for business on Tuesday

Nur News / Baghdad  It announced the information department of the Iraqi Council of Representatives, on Monday, the agenda of the parliamentary session for business on Tuesday.  According to a statement of the Department of Media, “Nur News” received a copy of it, that “the agenda of the fifth meeting of the House of Representatives to be held on Tuesday, including the completion of voting on the draft universities, colleges, civil law, and vote on the draft law on public body was to guarantee the rights of the regions and governorates that are not organized in a region , voting in principle to the draft law and the abolition of merging ministries. ”  He added that “the agenda Alaaml also includes, the first reading of the draft law amending the decree passport filter atomic endowment No. (1) for the year 1955, and the first reading of the draft accession of the Republic of Iraq to the International Institute for the Unification of Private Law Law (UNIDROIT) in respect of stolen cultural property or exported ways illegally, as well as the first reading of the draft law to challenge the law in the interest of the verdicts and decisions on land ownership. ”  ”The meeting will read the report and discuss the draft law the national body was Informatics, read the report and discuss the draft Informatics Crimes Act, read the report and discuss the draft preserve documents law,” adding that “the meeting begins at eleven in the morning.”…

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wmawhite (Dinar Guru) – [Speaking of supply and demand what is happening to the dinar notes once exchanged for $ ?] first…remember, are you planning on exchanging in Iraq? Of course not…because you will not get the USD…so you will exchange outside of Iraq? Correct? so those IQD notes will be outside of Iraq the CBI will not see them… They become assets of…the US…Canada…UK…France, etc. Remember… banks… central banks…hold foreign currency reserves…they are assets.

Iraq: negotiations complete reshuffle kicks off today (WOW – short “Flashback”)…

Embarked on Iraqi Prime Minister Haider al – Abadi, first steps toward a cabinet reshuffle again, after it was approved, the first on Tuesday, on the resignation of six ministers from his cabinet , most of them belonging to the National Alliance

The Iraqi sources had confirmed for “new Arab”, the Abadi plans to reshuffle includes a number of ministers in his government and heads of independent institutions, such as the Central Bank and the Council of the Judiciary and the Electoral Commission.

BGG – (Since I NEVER do that – PAY ATTENTION…)

According to information obtained “new Arab” from high-level sources, it is scheduled to be held Abadi, on Thursday evening, the first direct meeting between him and a number of leaders of political blocs to discuss the new cabinet reshuffle after accepting the resignation of six ministers from the government his booth considered as came upon prior agreement with the bloc to which he belongs resigned ministers.

The statement issued by the Prime Minister’s Office, on Tuesday evening, has made it clear that the ministers are all from Oil Minister Adel Abdul-Mahdi, and Transport Minister Bayan, and the Minister of Construction and Housing Tariq Kikhany, Minister of Water Resources Mohsen al-Shammari, and Minister of Industry Mohammed Darraji, as well as Minister Interior Mohammad Al Ghabban.

It is noted that the six ministers are all from the ruling National Alliance blocks of the country, divided between the Supreme Council and the Dawa party and the Fadhila and the Badr and the Sadrists.

According to high-level sources within the National Alliance, the prime minister will be held the first joint meeting late today, Thursday, with the leaders of a number of political blocs in order to reach to nominate ministers replacements for the resigned before heading for dialogue with the Sunni bloc and the Kurdish bloc in the same framework agreement.

Abadi and moves cautiously and discreetly great fear of a repeat of the crisis that spread throughout the March / March and April / Monthly forget the past, which resulted in the storming of the Green Zone and the buildings of Parliament and the Council of Ministers and the disruption of their work for more than 40 days. –

In the meantime, a strong current within the National Alliance, led by former Prime Minister Nuri al-Maliki raised the idea of granting Abadi, a time limit to complete his cabinet a vote of confidence or withdraw them completely, according to the same sources confirmed.

And draws to sources Abadi task will not be easy within the National Alliance because of problems with the names of the new ministers is any block and the method of their choice in accordance with the electoral benefit or the size of the bloc within the coalition itself

The Supreme Constitutional Court had ruled last month the invalidity of the Iraqi parliament session during which voted to nominate five new ministers and the dismissal of five of the government of al-Abadi.

Also it canceled a hearing that preceded it and which ruled to dismiss the parliament speaker Salim al-Jubouri, which caused a major political crisis in the country .

And it contributed to the court’s decision in the end the crisis, but it also led to torpedo Prime Minister leaves reform that includes the dismissal of ministers and naming others and change the heads of commissions and independent institutions, including the central bank and the Supreme Judicial Council and the Office of Financial Supervision and the Office of the elections, a reformist papers filed by demonstrators civil Baltearan and rib since the beginning of this year and agreed to by al-Abadi.

Amid fears of a new political crisis plaguing the country, especially that crises are being raised with every call for reform and the elimination of corruption, a student member of the Iraqi parliament from the bloc citizen Habib Terminal, Abadi choosing new ministers without anti or shunned the political spectrum that represents the Iraqi people, and wondered about the compatibility accept the resignation of a number of ministers with the current reality.

For his part, a political science professor at Baghdad University, Hassan Alaidani, believes that the ruling National Alliance is suffering from a real split on the back of accepting the resignation of several ministers.

The Alaidani, in an interview with “new Arab”, that the citizen bloc, which had controlled the ministries of oil, transport, and Badr, which was in control of the Interior Ministry, and other blocks, will not accept the decisions of the Abadi accepting the resignation of its ministers easily unless it is to persuade them one way or the other

It warns the government from entering the vacuum cabinet in the event of failure to obtain a parliamentary vote on the new ministers, especially the al-Abadi plans to make a cabinet reshuffle in stages

Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”
from 7/25 “After Call” – RCookie,
Mr White, BGG & Hutch

Smart phone user link – Click here

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Agreement to develop the Iraqi banking cooperation – French

Economy News / Agencies … After Iraq and France agree on the conclusion of a memorandum of understanding in a joint effort for the development of banking cooperation between the two countries, he praised the openness financial expert with the international community, especially with her major economies countries. The expert said Thamer al-Azzawi, said the Paris meeting has positive results will soon be reflected in the labor market after the Iraqi obtain agreements in the process of signing soon.

He noted that the most prominent of consensus that have occurred, strengthening the banking cooperation between Iraq and France, noting that the next meeting in Baghdad will witness the start of the real work of cooperation between Baghdad and Paris.

The Union of Iraqi businessmen branch of Dhi Qar, had participated in the meeting, the league of the Council of employers between Iraq and France attended by the representative of the businessmen Union of Dhi Qar and member of the employers of the Iraqi Business Council -afrenca just Ekab Hussein Hasnawi and representatives of the Iraqi, French, Iraq’s ambassador to France and a representative of the Ministry of Oil governments Laith Shahir and Undersecretary Ziralascan Acting chairman of the investment Commission, Sami al-Araji.

He Ekab »Sabah»: it has been discussed several important topics, including to be French corporate role in entering a genuine partnerships in the province and open horizons of cooperation shared between Iraqi companies, particularly in Dhi Qar and European companies the province through the investment process.

He urged the revitalization of this body with all its joints to facilitate foreign, Arab and local investors to establish a vital and important projects, tasks, praising the great efforts of those in charge of the success of these meetings, which lasted three days in the French capital Paris.

He also noted that it was agreed to conclude a memorandum of understanding between the Iraqi banking and French sides.

In turn, stressed the specialist in economic affairs Ahmed costly important trend of global economies and its role in achieving the economic viability of the country, pointing out that Iraq is in dire need of advanced technologies and banking, where the great work that awaits Iraq over the coming years in all Iraqi cities in the production and service sectors size.

And the costly international efforts that require banking services have the ability to accomplish banking operations of large figures required by the investment process, and the local banks, particularly private ones must offer products competing branches of foreign banks opened branches in Iraq products.

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rcookie (Dinar Guru) – “Iraqi parliament session: Parliament will vote on three bills discusses another six today” …BUSY…BUSY DAY!!

Read More: http://www.dinarupdates.com/observer/
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Enorrste (Dinar Guru) – Article: “What does it mean to float the currency?” Quote: “Floating exchange rates fluctuate constantly change with each witnessing supply and demand for foreign currency, so it can be changed several times per day.” Although Al Jazeera is not an official government source one must ask what would lead them to publish this on their own. They have no motive on their own. Therefore I would conclude that they were asked to do so. The only people I can imagine that would ask Al Jazeera to do this would be either the CBI or the GOI (most likely the former). That being said…this appears very positive.

Read More: http://www.dinarupdates.com/observer/
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What does it mean to float the currency?

Floating currency is to make the exchange rate of the currency as an editor in full, so that the government does not interfere , or the central bank in the determined directly. But it is automatically excreted in the currency market by supply and demand mechanism that allows for the identification of the national currency exchange rate against foreign currencies.

And fluctuate prices of floating currency exchange constantly change with each witnessing supply and demand for foreign currency, so it can be changed several times per day.

Forms of flotation

Either be floating or purely be directed: – Pure flotation: are left to determine the exchange rate to market forces and the mechanism of supply and demand in full, and the state refrain from any direct or indirect intervention.

– Flotation prompt: is left to determine the exchange rate to market forces and the mechanism of supply and demand, but the state intervenes (via the central bank) as needed in order to guide the exchange rates in certain directions by influencing the size of the offer or demand for foreign currencies.

Supporters of flotation

For as long as theorists monetary school defended in economics ( Milton Friedman model) for floating currencies, claiming that the liberalization of exchange rates will make it reflect the economic fundamentals of the various countries (growth, trade balance, inflation , interest rates), and will lead it thus to restore the balance of relations and business accounts of current transactions continuously and automatically.

And they see these economists, like the neoclassical trend in the economy, that the liberation of all prices -osar goods and services, interest rates, labor prices (wages), foreign exchange rates (exchange rates) – and leave the identified markets without any interference or direction from the state, always ensures access to state of balance.

This stems from the belief in blind efficient markets, despite the fact that economic reality has proved more than once that the markets in the absence of oversight and control lead to disaster ( the mortgage crisis real estate in the United States model).

And justify those convinced the currency float , saying that any trade deficit will lead to an intense demand for foreign currency, which will lead to devaluation of national currency against foreign currencies, and thus to enhance the competitiveness of the country concerned.

This sponsor, they say, increase exports and reduce imports, Viatdl so the trade deficit is due to a state of balance. The same logic works in reverse direction if there is a trade surplus.

Supporters of the flotation was welcomed very much the adoption of major economies in the world to systems of floating exchange rates (flexible), after the collapse of the Bretton Woods agreement in the seventies of the last century, which had been laid down by the International Monetary system based on fixed exchange rates (but adjustable) between currencies.

Context switching

Bretton Woods system cracked in the summer of 1971 after the United States formally reneged on its commitment to transfer all traded in dollars to the world’s gold, according to the price specified by the Convention in 1944 (US $ 35 each equivalent ounces of gold.

Nhart the value of the dollar for gold did greenback -gar gold – backed and controlled exclusively for the accounts is monetary policy the US without any regard for the interests of the rest of the world an international standard has the confidence of everyone.

Maintaining a fixed exchange rate against the dollar also has become extremely difficult for many of the economic powers in the world, the latter began to adopt a floating exchange rate system under which left free to determine the value of the foreign exchange market based on supply and demand law.

Disappointment

After several decades of the adoption of a floating exchange rate systems and disseminated to a large number of countries around the world (including developing countries), the currency was floated promises rebalancing has been done to the trade balances of the world, the hopes of his supporters did not materialize.

Artificially low exchange current moved far from the supposed level that leads to a balance, and the biggest proof of that is the size of global imbalances (Global Imbalances), which reached record levels and still are resistant to treatment.

The United States and some European countries as well as many developing countries known as the case of a structural trade deficit for several decades, and in return you know China , Germany , Japan and oil – exporting countries trade surplus structurally.

Instead of floating currencies that ensures a rebalancing of international trade relations, the world knew the case of monetary instability due to the continuing exchange rates and fluctuations big change, which is sometimes subject to any rational logic because of the psychological factors that frame the movement of global speculators.

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For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
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RCookie NEWS Recap
(from) SUNDAY JULY 24TH, 2016

SECURITY

ABADI ASSERTS IRAQ WILL ERADICATE ISIS COMPLETELY BEFORE END OF THE YEAR…12 ISIS ELEMENTS INCLUDING LEADERS KILLED BY F-16 ATTACKS IN QAIM…ISF AIR FORCE DROP MILLIONS OF LEAFLETS ON MOSUL DIRECTING CITIZENS TO STAY AWAY FROM KNOWN ISIS BUILDINGS…STRATEGIC TRENCH BEING DUG IN NORTHERN FALLUJAH TO BOLSTER SECURITY OF NORTHERN BORDER…PESHMERGA THREATENING SHUT DOWN COMMUNICATION AND COORDINATION WITH BAGHDAD AFTER MOSUL AND OTHER LIBERATED AREA WITHDRAWAL AND CLARIFICATION WITH MOU WITH PENTAGON…US MCGURK ASSERTS MOSUL LIBERATION OPERATIONS WILL BEGIN AT 1 TIME…ABADI OFFICE ANNOUNCE THE DIRECT COORDINATION OF MOSUL OPERATION AND CONFIRMS USE OF INTERNATIONAL SUPPORT…23 ISIS ELEMENTS KILLED AND 6 TANKS DESTROYED IN F-16 ATTACK IN SOUTHERN MOSUL OPERATION…MINISTER OF PESHMERGA ASSERTS THEY WILL NOT WITHDRAWAL FROM MOSUL UNTIL COMPLETE EDITING OF NINEVEH…SADR THREATENS BRITISH TROOPS INVOLVED WITH MOSUL LIBERATION…ESTIMATED 6,000 ISIS ELEMENTS REMAIN IN MOSUL…GARVER ANNOUNCES OVER 7000 COALITION FORCES IN TOTAL IN IRAQ….INTERNATIONAL ALLIANCE ANNOUNCES HAVING TRAINED 23, 750 IRAQI TROOPS… NINEVEH OPERATIONS COMMANDER JABOURI ANNOUNCES ARRIVAL OF NEW MEAL OF MILITARY VEHICLES AND EQUIPMENT FOR MOSUL LIBERATION ACTIVITIES…

GENERAL

AUCTIONS AT $149 MILLION…52 KILLED NORTH OF BAGHDAD FROM SUICIDES BOMBERS AT ADEN SQUARE CHECK POINT KADIMIYAH…IRAQ PARTICIPATES IN ARAB ECONOMIC AND SOCIAL COUNCIL IN NOUAKCHOTT AND AGREE TO ESTABLISH A CENTER FOR AIDS…EU COMMITTED $104 MILLION TO DONORS CONFERENCE AND IRAQ’S DISPLACED…MINISTRY OD TRADE ANNOUNCES LIFE IMPRISONMENT SENTENCE FOR TREASURER CHARGED OF FRAUD AND MISAPPROPRIATION OF FUNDS…40,000 STUDENTS COMPETING FOR POST GRADUATE DEGREES IN 2016-17…IRAQ AND HUNGARY AGREE TO ABOLITION OF VISAS FOR DIPLOMATIC AND SERVICE CAMPAIGNS AND ASSIGN JOINT COMMITTEE…COALITION FORCES DEMANDING ABADI SEND REINFORCEMENTS TO SHARQAT CAMPAIGN…SADR SUMMONING MINISTER OF WATER RESOURCES IMMEDIATELY…BAGHDAD OPERATIONS ANNOUNCE CONSTRUCTION OF SECURITY FENCE AROUND CAPITAL STILL ONGOING….175 PATIENTS BEING SENT OUTSIDE IRAQ TO RECEIVE MEDICAL TREATMENTS…FALLUJAH MAYOR ANNOUNCES BEGINNING OF WORK FOR DISPLACED RETURN ELECTRONIC FORM…INTERNATIONAL ALLIANCE CONFIRMS CAPTURE OF ISIS COMPUTERS REVEALS INFORMATION THAT WILL HELP TO STOP THE FLOW OF INSURGENTS INTO THEATER…EXPLOSIVE SITUATION INSIDE IRAN IS PUSHING TEHRAN TEHRAN TO RENEW ITS BORDER AGREEMENT WITH BAGHDAD… IRAQI AIRWAYS ANNOUNCES REDUCED FARES FROM BAGHDAD TO AMMAN…ISIS SLAYING OF 23 YOUNG MOSUL CITIZENS IN CENTER OF CITY…

PARLIAMENT

PARLIAMENT REFORM BLOC ASSERTS IMMUNITY IS NOT AN OPTION FOR PRESIDENCY FOR JABOURI PURSUIT TO DISMISS VIOLATORS OF ABSENCE POLICY AND WILL BE VOTED BY PARLIAMENT WITHIN 2 WEEKS…IRAQ & KUWAIT AMBASSADORS DISCUSS DEMARCATION OF MARITIME BOUNDARIES BETWEEN THE TWO COUNTRIES…ABADI OFFICE CONFIRMS CONTINUATION OF GOVERNOR OF ANBAR OFFICE AND EXERCISE OF LEGAL POWERS…ELECTORAL COMMISSION STILL WORKING ON CASES OF FRAUD IN THE BALLOT BOXES…ABADI OFFICE CALLS FOR POLITICAL BLOC SUPPORT GOV’T EFFORTS TO OVERCOME SPLIT STATE…MINISTER OF CULTURE/ANTIQUITIES AND TOURISM ROANDZI ANNOUNCE ABADI WILL PROVIDE A LIST OF 7 MINISTERS TO HoR AND THE SELECTION PROCESS IS NOT EASY…PARLIAMENTARY FINANCE COMMITTEE REVEALS PENSIONS BEING PAID TO MEMBERS OF ISIS….CRISIS CELL OF COM AND MINISTRY OF JUSTICE AGREE TO LEND TO AGRICULTURAL AND INDUSTRIAL AND RESIDENTIAL PROJECTS AND BECOME INVOLVED TO ENSURE NO MANIPULATION OF TRANSFER & FEES TO REAL ESTATE…MP GHURARI ASSERTS THE ABSENCE OF POLITICAL AGREEMENT HAS LED TO THE DISRUPTION OF IMPORTANT LEGISLATION AND NATIONAL LAWS DESCRIBED AS GATEWAY TO IRAQ’S STABILITY INCLUDING HCL, FED COURT AND AMNESTY LAW BECAUSE OF PREOCCUPATION WITH MILITARY AND SECURITY FOCUS AND MAY BE PUSHED TO NEXT SESSION…JABOURI MEETS WITH DELEGATION FROM EU TO DISCUSS CARE FOR DISPLACED AND STABILITY OF LIBERATED AREAS…LEGAL COMMITTEE STATES PARL PRIVILEGES WILL BE CANCELED BEFORE ADOPTION OF HOUSE OF REPRESENTATIVES…

INVESTMENT/BUSINESS/ECONOMY

5 NEW OIL FIELDS DRILLED IN HALFAYA IN SOUTHEAST MAYSAN PROVINCE…RAFIDAIN BANK ASSERTS NEED TO ACTIVATE LOANS FOR SMALL PROJECTS TO REVIVE IRAQ’S NATIONAL ECONOMY…CBI ISSUES WARNING TO CITIZENS ABOUT MISREPRESENTATIONS ISSUED BY SCAMMERS OF INVALID TRANSFERS OF FUNDS FROM ABROAD….CBI ALLOWING FOR ESTABLISHMENT OF SOB’S TO SELL THE DOLLAR FOR TRAVELERS IN BAGHDAD AND PROVINCES…ISX ENDS SUNDAY SESSION ON RISE FINISHING UP 0.6% AT 556.66 UP 3.33 POINTS ON STRENGTH OF HOTEL AND BANKING SECTORS AFTER SHORTENED WEEKLY SESSION LAST WEEK DUE TO EXCESSIVE HEAT…DIWANIYAH GOVERNOR HASNAWI DISCUSSING OPENING OF WOMEN’S AND CHILDREN HOSPITAL WITH US COMPANIES…ISX ANNOUNCES SHARES FOR ASHUR INTERNATIONAL BANK LAUNCH AS OF MONDAY 7-25 SESSION….SALEH ANNOUNCES MOF WILL ISSUE BONDS FOR CONTRACTORS DUES TOTALING 5 TRILLION OF 7.6 TRILLION IQD THAT WILL BE INCLUDED IN 2017 BUDGET…IMF EXTENDS MOROCCO CREDIT LINE OF 3.5 BILLION DOLLARS FOR 2 YEARS…GOLD AT 217,000 IQD PIN ABUDSIRER WEIGHT…BAGHDAD MUNICIPALITY BEGINS TO OFFER 2400 RESIDENTIAL LAND PLOTS SCREENING…3 DAY PARIS BANKING CONFERENCE YIELDS MOU BETWEEN FRANCE & IRAQ DHI QAR IN JOINT EFFORT OF BANKING COOPERATION BETWEEN UNION OF BUSINESSMEN & IRAQI BUSINESS COUNCIL & INVESTMENT COMMISSION CHAIR ARAJI BETWEEN THE TWO AND SIGNAL IT SENDS TO INT’L COMMUNITY THAT WILL REFLECT POSITIVELY IN LABOR MARKET AFTER OBTAINING AGREEMENTS IRAQ HAS SIGNED SOON AND NOTING THE NEXT MEETING IN BAGHDAD WILL WITNESS THE START OF REAL BANKING COOPERATION BETWEEN BAGHDAD & PARIS OUTLINING EUROPEAN COUNTRIES PARTNERSHIP IN INVESTMENT PROCESS IN ENGAGING LOCAL & ARAB INVESTORS…
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CURRENCY	CODE	SELL	BUY
US dollar	USD	1182.000	1180.000
Euro	EUR	1298.072	1297.423
British pound	GBP	1552.084	1551.308
Canadian dollar	CAD	893.762	893.315
Swiss franc	CHF	1199.756	1199.157
Swedish krona	SEK	136.401	136.333
Norwegian krone	NOK	137.944	137.875
Danish krone	DKK	174.488	174.401
Japanese yen	JPY	11.106	11.100
Special Drawing Rights	SDR	1636.396	1635.578

http://www.cbi.iq/

Indicative rates – 07.26.2015

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Dinar Daily NEWS Blog – July 25th

Posted on July 25, 2016 by BGG

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 07-25-16

Currency Auctions Announcement No. 3244

This daily currency auction was held in the Central Bank of Iraq on the 07-25-2016

The results were as follows:

DETAILS	NOTES
Number of banks	28
Number of remittance companies	17
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	154,804,895
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	154,804,895
Total offers for selling (US$)	—–

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

There is something even more valuable to civilization than wisdom, and that is character. – H. L. Mencken

* Current News *

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RCookie NEWS Recap
(from) SUNDAY JULY 24TH, 2016

SECURITY

GENERAL

PARLIAMENT

INVESTMENT/BUSINESS/ECONOMY

______________________________________________________________

rcookie (Dinar Guru) – Article: “A new International Port between Iran and Iraq Kurdistan” WHEN IRAQ STARTS REPORTING RAW AND PURE ECONOMIC DATA FROM ALL REGIONS INCLUDING KURDISTAN…THEIR NUMBERS ARE GONNA BE THROUGH THE ROOF!!!

U.S.-Iraqi Kurdistan MOU signed with Baghdad’s support and approval

Iraq’s Ministry of Defense on Friday said the Memorandum of Understanding (MOU) that includes provisions of military support to the Peshmerga forces signed between the Kurdistan Regional Government (KRG) and the United States was carried out with and after the approval of the Iraqi central government.

The defense ministry released a statement refuting claims the agreement was signed without Baghdad’s approval and stressing the MOU was meant to support Peshmerga forces with financial and military aid.

The MOU has no points that layout the building of U.S. or Coalition military bases inside the Kurdistan Region, the ministry stated, adding the agreement will not violate Iraq’s sovereignty.

“Approval has been obtained from the Iraqi government for the aid for the Peshmerga Forces but the preconditions were indicated by the U.S.,” the statement read.
Those preconditions include increasing the number of Peshmerga on the battlefield to bolster frontlines as various armed groups push closer towards Mosul.
“Iraqi army and Peshmerga forces should have full cooperation during the operations to liberate Mosul,” the statement continued.

Another precondition in the MOU states the KRG should not hinder Iraqi security forces’ movements through the region as part of operations to regain control of Mosul – Iraq’s second-largest city and IS’ last bastion in the country.

While Peshmerga are expected to participate in the overall effort to rid northern Iraq of IS, the MOU also stated that Kurdish forces would withdraw from any areas currently under IS control after the successful defeat of the militants.

The MOU was signed by Acting Assistant Secretary of Defense for International Security Affairs Elissa Slotkin and interim Peshmerga Minister Karim Sinjari on July 12.
The United States plans to provide a stipend and equipment for Peshmerga forces fighting against militants under the agreement.

Dinar Updates “After Call – LIVE”!!

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7/25 “After Call” – RCookie, Mr White & Hutch 641-715-3640 pin#528733

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Agreement to develop the Iraqi banking cooperation – French

He also noted that it was agreed to conclude a memorandum of understanding between the Iraqi banking and French sides.

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BGG (Dinar Guru) – Article: “Abadi accept the seventh resignation of a minister in his government” This goes back to the SJC set back suffered by Abadi about “how” he got the “reshuffle” started (by removing those guys)… Looks like he has somehow “persuaded” them to “voluntarily resign”…he will get his “technocratic GOI” sooner rather than later. regarding the “delays” – yes, there have been real delays…stop and think… half of Iraq was under the control of a hostile force… didn’t need to be – but it was…Maliki was partially the author of it…security HAS been an issue… plainly, there have been plans published and retracted (or “tabled”) that addressed currency reform…We’re in much better shape now.

Read More: http://www.dinarupdates.com/observer/
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BGG (Dinar Guru) – Article: “IMF agreement test for Iraq” IMF has developed a tremendous program to rewrite Iraq’s ailing economy. The fund issued on July 14 and the current document consisting of 34 pages constitute the most ambitious attempt to remake the economy of one of the Middle East. While not saying ” rv tomorrow” it’s pretty compelling stuff…

Read More: http://www.dinarupdates.com/observer/
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Governance rules discreet expansion equity investments

BAGHDAD – Mostafa Hashemi – Recommended the workshop organized by the Iraq Stock Exchange of the importance of completing the legislation of the rules and regulations in line with the upcoming economic policy and complete the requirements and procedures required development and according to the plans developed by the Iraq Stock Exchange, as well as the issuance of the rules of governance sober for corporate work.

The workshop , titled « the role of the rules of governance contribute to the disclosure of corporate and bank guarantor and teleconference for investors to attract and promote investment securities» indicated in its recommendations the importance of the role of the operating performance of the participating companies included in the evaluation of the prices of shares in circulation, and claim those companies worthwhile to show these values in its annual reports.

sedate governance as underlined the importance of concerted efforts of government institutions in the control of joint stock companies and the issuance of rules of solid corporate governance principles and not just her and the development of the required laws in order to attract investment investors discussions.

And opened the workshop Chairman of the Board of Governors of the Iraqi market for securities Thaer Adnan Hashim , who stressed that the market aims to unify the visions of project governance of joint stock companies , which is the basis for the success of companies listed and the protection of small investors corporate management control.

Financial instruments called in a speech at the start of the workshop He attended the «morning» to exert the effort required for the successful implementation of the subjects of the capital market in Iraq ‘s development through the widespread use of systems and electronic requirements for the issuance of the required instructions and rules, noting the importance of the issuance of new instructions for the trading of new financial instruments and instructions for portfolio management and investment funds for corporate financial investment companies banking. culture of investment , in turn , said Executive Director of the market , Taha Ahmed Abdul Salam:

The Iraq Stock Exchange and part of its efforts to develop ways of indirect investment attracting organized during the first half of this year , four workshops in order to achieve the deployment of non – direct investment to all segments of society and to attract national savings culture and directed towards investment securities and the establishment of joint – stock companies and build investment confidence. analytical information , adding that second goal to build analytical information centers and guiding media activities towards the development goals and build investment foundations in the private sector through the capital market.

He said the capital market in Iraq needs development economic activity after it is discussed a draft governance of joint stock companies prepared by the Securities Commission , which instructions, discuss and analyze the performance of joint stock companies indicators, and mechanisms of the guarantor bank and online trading to investors.

saw Hits presence of representatives of the Securities and central bank staff, in addition to the board of Governors and management of market Iraq Securities and professors of universities and colleges of the administration, the economy and the overall technical Central University and brokerage securities companies and managers Commissioners and representatives of the participating companies included experts from Jordan, Lebanon and corporate electronic systems and a large number of investors and shareholders and directors of listed companies. and was held during the event an exhibition of products , a number of companies listed along with 12 other companies in order to contribute to the public and present Barzan activities in the local market a

______________________________________________________________

For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…

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

Hillary Emails, Gold Dinars and Arab Springs

45645645 Buried amid tens of thousands of pages of former US Secretary of State Hillary Clinton’s secret emails, now being made public by the US Government, is a devastating email exchange between Clinton and her confidential adviser, Sid Blumenthal. It’s about Qaddafi and the US-coordinated intervention in 2011 to topple the Libyan ruler. It’s about gold and a potentially existential threat to the future of the US dollar as world reserve currency. It’s about Qaddafi’s plans then for the gold-based Dinar for Africa and the Arab oil world.

Two paragraphs in a recently declassified email from the illegal private server used by then-Secretary of State Hillary Clinton during the US-orchestrated war to destroy Libya’s Qaddafi in 2011 reveal a tightly-held secret agenda behind the Obama Administration’s war against Qaddafi, cynically named “Responsibility to Protect.”

Barack Obama, an indecisive and weak President, delegated all presidential responsibility for the Libya war to his Secretary of State, Hillary Clinton. Clinton, who was an early backer of an Arab “regime change,” using the secret Muslim Brotherhood, invoked the new, bizarre principle of “responsibility to protect” (R2P) to justify the Libyan war, which she quickly turned into a NATO-led war. Under R2P, a silly notion promoted by the networks of George Soros’ Open Society Foundations, Clinton claimed, with no verifiable proof, that Qaddafi was bombing innocent Libyan civilians in the Benghazi region.

According to a New York Times report at the time, citing Obama Administration senior sources, it was Hillary Clinton, backed by Samantha Power, then a senior aide at the National Security Council and today Obama’s UN Ambassador; and Susan Rice, then Obama’s ambassador to the United Nations, and now National Security Adviser. That triad pushed Obama into military action against Libya’s Qaddafi. Clinton, flanked by Powers and Rice, was so powerful that Clinton managed to overrule Defense Secretary Robert Gates, Tom Donilon, Obama’s national security adviser, and John Brennan, Obama’s counterterrorism chief, today CIA head.

Secretary of State Clinton was also knee-deep in the conspiracy to unleash what came to be dubbed the “Arab Spring,” the wave of US-financed regime changes across the Arab Middle East, part of the Greater Middle East project unveiled in 2003 by the Bush Administration after occupation of Iraq. The first three target countries of that 2011 US “Arab Spring”–an action in which Washington used its “human rights” NGOs such as Freedom House and National Endowment for Democracy, in cahoots as usual, with the Open Society Foundations of billionaire speculator, George Soros, along with US State Department and CIA operatives–were Ben Ali’s Tunisia, Mubarak’s Egypt and Qaddafi’s Libya.

Now the timing and targeting of Washington’s 2011 “Arab Spring” destabilizations of select Middle East states assume a new light in relation to just-released declassified Clinton emails to her private Libya “adviser” and friend, Sid Blumenthal. Blumenthal is the slick lawyer who defended then-President Bill Clinton in the Monika Lewinsky and other sex scandal affairs when Bill was President and facing impeachment.

Qaddafi’s gold dinar

For many it remains a mystery just why Washington decided that Qaddafi personally must be destroyed, murdered, not just sent into exile like Mubarak. Clinton, when informed of Qaddafi’s brutal murder by US-financed Al Qaeda “democratic opposition” terrorists, told CBS news, in a sick, joking paraphrase of Julius Caesar, “We came, we saw, he died,” words spoken by her with a hearty, macabre laugh.

Little is known in the West about what Muammar Qaddafi did in Libya or, for that matter, in Africa and in the Arab world. Now, release of a new portion of Hillary Clinton’s emails as Secretary of State, at the time she was running Obama Administration war on Qaddafi, sheds dramatic new light on the background.

It was not a personal decision of Hillary Clinton to eliminate Qaddafi and destroy his entire state infrastructure. The decision, it’s now clear, came from circles very high in the US money oligarchy. She was merely another Washington political tool implementing the mandate of those oligarchs. The intervention was about killing Qaddafi’s well-laid plans to create a gold-based African and Arabic currency to replace the dollar in oil trades. Since the US dollar abandoned gold exchange for dollars in 1971 the dollar in terms of gold has dramatically lost value. Arab and African OPEC oil states have long objected to the vanishing purchasing power of their oil sales, mandated since the 1970’s by Washington to be solely in US dollars, as dollar inflation soared more than 2000% to 2001.

In a newly declassified Clinton email from Sid Blumenthal to Secretary of State Hillary Clinton dated April 2, 2011, Blumenthal reveals the reason that Qaddafi must be eliminated. Using the pretext of citing an unidentified “high source” Blumenthal writes to Clinton, “According to sensitive information available to this source, Qaddafi’s government holds 143 tons of gold, and a similar amount in silver… This gold was accumulated prior to the current rebellion and was intended to be used to establish a pan-African currency based on the Libyan golden Dinar. This plan was designed to provide the Francophone African Countries with an alternative to the French franc (CFA).” That French aspect was only the tip of the Qaddafi gold dinar iceberg.

Golden Dinar and more

During the first decade of this century, Gulf Arab OPEC countries, including Saudi Arabia, Qatar and others, began seriously diverting a significant portion of the revenues from their vast oil and gas sales into state sovereign wealth funds, many based on the success of Norway’s Oil Fund.

Growing discontent with the US War on Terror, with the wars in Iraq and in Afghanistan, and with overall US Middle East policies after September 2001, led most OPEC Arab states to divert a growing share of oil revenues into state-controlled funds rather than trusting it to the sticky fingers of New York and London bankers as had been the custom since the 1970’s when oil prices went through the roof, creating what Henry Kissinger fondly called the “petro-dollar” to replace the gold-backed dollar Washington walked away from on August 15, 1971. The present Sunni-Shi’ite war or clash of civilizations is in fact a result of the US manipulations after 2003 in the region— “divide and rule.”

By 2008 the prospect of sovereign control by a growing number of African and Arab oil states of their state oil and gas revenues was causing serious concern in Wall Street as well as the City of London. It was huge liquidity, in the trillions, they potentially no longer controlled.

The timing of the Arab Spring, in retrospect, increasingly looks tied to Washington and Wall Street efforts to control not only the huge Arab Middle East oil flows. It is now clear it was equally aimed at controlling their money, their trillions of dollars accumulating in their new sovereign wealth funds.

However, as is now confirmed in the latest Clinton-Blumenthal April 2, 2011 email exchange, there was a qualitatively new threat emerging for Wall Street and the City of London “gods of money,” from the African and Arab oil world. Libya’s Qaddafi, Tunisia’s Ben Ali and Mubarak’s Egypt were about to launch a gold-backed Islamic currency independent of the US dollar. I was first told of this plan in early 2012, at a Swiss financial and geopolitical conference, by an Algerian with extensive knowledge of the project. Documentation was scarce at the time and the story remained in my mental back-burner. Now a far more interesting picture emerges that puts the ferocity of Washington’s Arab Spring and its urgency in the case of Libya into perspective.

‘United States of Africa’

In 2009, Qaddafi, who was at the time the President of the African Union, had proposed that the economically depressed continent adopt the “Gold Dinar.”

In the months prior to the US decision, with British and French backing, to get a UN Security Council resolution that would give them the legal fig-leaf for a NATO destruction of the Qaddafi regime, Muammar Qaddafi had been organizing the creation of a gold-backed dinar that would be used by African oil states as well as Arab OPEC countries in their sales of oil on the world market.

Had that happened at the time Wall Street and the City of London were deep into the financial crisis of 2007-2008, the challenge to the reserve currency role of the dollar would have been more than serious. It would be a death knell to American financial hegemony, and to the Dollar System. Africa is one of the world’s richest continents, with vast unexplored gold and mineral wealth, had been intentionally kept for centuries underdeveloped or in wars to prevent their development. The International Monetary Fund and World Bank for the recent decades have been the Washington instruments to suppress African real development.

Gaddafi had called upon African oil producers in the African Union and in Muslim nations to join an alliance that would make the gold dinar their primary form of money and foreign exchange. They would sell oil and other resources to the US and the rest of the world only for gold dinars. As President of the African Union in 2009, Qaddafi introduced for discussion to African Union member states Qaddafi’s proposal to use the Libyan dinar and the silver dirham as the only possible money for the rest of the world to buy African oil.

Along with the Arab OPEC sovereign wealth funds for their oil, other African oil nations, specifically Angola and Nigeria, were moving to create their own national oil wealth funds at the time of the 2011 NATO bombing of Libya. Those sovereign national wealth funds, tied to Qaddafi’s concept of the gold dinar, would make Africa’s long-held dream of independence from colonial monetary control, whether of the British Pound, the French Franc, the euro or the US dollar, a reality.

Qaddafi was moving forward, as head of the African Union, at the time of his assassination, with a plan to unify the sovereign States of Africa with one gold currency, a United States of Africa. In 2004, a Pan-African Parliament of 53 nations had laid plans for an African Economic Community – with a single gold currency by 2023.

African oil-producing nations were planning to abandon the petro-dollar, and demand gold payment for their oil and gas. The list included Egypt, Sudan, South Sudan, Equatorial Guinea, Congo, Democratic Republic of Congo, Tunisia, Gabon, South Africa, Uganda, Chad, Suriname, Cameroon, Mauritania, Morocco, Zambia, Somalia, Ghana, Ethiopia, Kenya, Tanzania, Mozambique, Cote d’Ivoire, plus Yemen which had just made significant new oil discoveries. The four African member-states of OPEC–Algeria, Angola, Nigeria, a giant oil producer and the largest natural gas producer in Africa with huge natural gas reserves, and Libya with the largest reserves–would be in the new gold dinar system.

Little wonder that French President Nicolas Sarkozy, who was given the up-front role in the war on Qaddafi by Washington, went so far as to call Libya a “threat” to the financial security of the world.

Hillary’s ‘rebels’ create a central bank

One of the most bizarre features of Hillary Clinton’s war to destroy Qaddafi was the fact that the US-backed “rebels” in Benghazi, in the oil-rich eastern part of Libya, in the midst of battle, well before it was at all clear if they would topple the Qaddafi regime, declared they had created a Western-style central bank, “in exile.”

In the very first weeks of the rebellion, the rebel leaders declared that they had created a central bank to replace Gadhafi’s state-owned monetary authority. The rebel council, in addition to creating their own oil company to sell the oil they captured announced: “Designation of the Central Bank of Benghazi as a monetary authority competent in monetary policies in Libya and appointment of a Governor to the Central Bank of Libya, with a temporary headquarters in Benghazi.”

Commenting on the odd decision, before the outcome of battle was even decided, to create a western-style central bank to replace Qaddafi’s sovereign national bank that was issuing gold-backed dinars, Robert Wenzel in the Economic Policy Journal, remarked, “I have never before heard of a central bank being created in just a matter of weeks out of a popular uprising. This suggests we have a bit more than a rag tag bunch of rebels running around and that there are some pretty sophisticated influences.”

It becomes clear now in light of the Clinton-Blumenthal emails that those “pretty sophisticated influences” were tied to Wall Street and the City of London. The person brought in by Washington to lead the rebels in March 2011, Khalifa Hifter, had spent the previous twenty years of his life in suburban Virginia, not far from CIA headquarters, after a break with Libya as a leading military commander of Qaddafi.

The risk to the future of the US dollar as world reserve currency, if Qaddafi had been allowed to proceed–together with Egypt, Tunisia and other Arab OPEC and African Union members– to introduce oil sales for gold not dollars, would clearly have been the financial equivalent of a Tsunami.

New Gold Silk Road

The Qaddafi dream of an Arabic and African gold system independent of the dollar, unfortunately, died with him. Libya, after Hillary Clinton’s cynical “responsibility to protect” destruction of the country, today is a shambles, torn by tribal warfare, economic chaos, al-Qaeda and DAESH or ISIS terrorists. The monetary sovereignty held by Qaddafi’s 100% state-owned national monetary agency and its issuance of gold dinars is gone, replaced by an “independent” central bank tied to the dollar.

Despite that setback, it’s more than notable that now an entirely new grouping of nations is coming together to build a similar gold-backed monetary system. This is the group led by Russia and China, the world’s number three and number one gold producing countries, respectively.

This group is tied to the construction of China’s One Belt, One Road New Silk Road Eurasian infrastructure great project. It involves China’s $16 billion Gold Development Fund, and very firm steps by China to replace the City of London and New York as the center of world gold trade. The Eurasian gold system emerging now poses an entirely new quality of challenge to American financial hegemony. This Eurasian challenge, its success or failure, could well determine whether we allow our civilization to survive and prosper under entirely different conditions, or whether we decide to sink along with the bankrupt dollar system.

F. William Engdahl is strategic risk consultant and lecturer, he holds a degree in politics from Princeton University and is a best-selling author on oil and geopolitics, exclusively for the online magazine “New Eastern Outlook”.

Read More: http://journal-neo.org/2016/03/17/hillary-emails-gold-dinars-and-arab-springs/
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CURRENCY	CODE	SELL	BUY
US dollar	USD	1182.000	1180.000
Euro	EUR	1301.855	1301.204
British pound	GBP	1549.247	1548.473
Canadian dollar	CAD	896.949	896.501
Swiss franc	CHF	1198.540	1197.941
Swedish krona	SEK	137.257	137.188
Norwegian krone	NOK	138.721	138.652
Danish krone	DKK	175.005	174.917
Japanese yen	JPY	11.166	11.160
Special Drawing Rights	SDR	1637.602	1636.783

Indicative rates – 07.25.2015

http://www.cbi.iq/

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

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Dinar Daily NEWS Blog – July 24th

Posted on July 24, 2016 by BGG

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 07-24-16

Currency Auctions Announcement No. 3243

This daily currency auction was held in the Central Bank of Iraq on the 07-24-2016

The results were as follows:

DETAILS	NOTES
Number of banks	25
Number of remittance companies	16
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	147,058,377
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	147,058,377
Total offers for selling (US$)	—–

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

There is something even more valuable to civilization than wisdom, and that is character. – H. L. Mencken

* Current News *

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/RCoookie and Mr White in DU CHAT ROOM – Sunday 6:30pm CST

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RCookie NEWS Recap
(from) SUNDAY JULY 24TH, 2016

SECURITY

GENERAL

PARLIAMENT

INVESTMENT/BUSINESS/ECONOMY

______________________________________________________________

U.S.-Iraqi Kurdistan MOU signed with Baghdad’s support and approval

The MOU has no points that layout the building of U.S. or Coalition military bases inside the Kurdistan Region, the ministry stated, adding the agreement will not violate Iraq’s sovereignty.

Dinar Updates “The After Call – ReDux”!!

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7/18 – “After Call” (next one – 7/25)

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______________________________________________________________

Agreement to develop the Iraqi banking cooperation – French

He also noted that it was agreed to conclude a memorandum of understanding between the Iraqi banking and French sides.

______________________________________________________________

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

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

Governance rules discreet expansion equity investments

______________________________________________________________

For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…

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

Hillary Emails, Gold Dinars and Arab Springs

Qaddafi’s gold dinar

Golden Dinar and more

‘United States of Africa’

In 2009, Qaddafi, who was at the time the President of the African Union, had proposed that the economically depressed continent adopt the “Gold Dinar.”

Hillary’s ‘rebels’ create a central bank

New Gold Silk Road

Read More: http://journal-neo.org/2016/03/17/hillary-emails-gold-dinars-and-arab-springs/
______________________________________________________________

CURRENCY	CODE	SELL	BUY
US dollar	USD	1182.000	1180.000
Euro	EUR	1304.337	1303.685
British pound	GBP	1556.458	1555.679
Canadian dollar	CAD	907.207	906.753
Swiss franc	CHF	1202.075	1201.474
Swedish krona	SEK	138.079	138.010
Norwegian krone	NOK	139.518	139.449
Danish krone	DKK	175.340	175.252
Japanese yen	JPY	11.161	11.156
Special Drawing Rights	SDR	1640.604	1639.784

http://www.cbi.iq/

Indicative rates – 07.24.2015

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

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Dinar Daily NEWS Blog – July 22nd

Posted on July 22, 2016 by BGG

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 07-19-16

Currency Auctions Announcement No. 3242

This daily currency auction was held in the Central Bank of Iraq on the 07-19-2016

The results were as follows:

DETAILS	NOTES
Number of banks	29
Number of remittance companies	16
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	146,727,081
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	146,727,081
Total offers for selling (US$)	—–

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

A man’s rights rest in three boxes. The ballot box, jury box and the cartridge box. – Frederick Douglass

* Current News *

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RCookie NEWS Recap
(from) WEDNESDAY JULY 20TH, 2016

PARLIAMENT

NEW ALLIANCES TO DEVELOP AFTER RESHUFFLE OF PARLIAMENT AFTER REFORM AND OTHER BLOCS COMPOSITION EMERGE..REFORM FRONT WANTS TO AMEND CONSTITUTION AWAY FROM QUOTA SYSTEM AFTER FAILING TO DISMISS PARLIAMENT PRESIDENT…LEGAL EXPERT STATES CONSTITUTION DOES NOT ALLOW FOR QUESTIONING OF MINISTERS WHO HAVE HAD RESIGNATIONS ACCEPTED..PARLIAMENT WILL HOST FORMER INTERIOR MINISTER GHABBAN AND NATIONAL SECURITY SERVICE FAYAD NEXT MONDAY THE 25TH FOR KARRADA BOMBING QUESTIONING…PARLIAMENT FINANCE COMMITTEE STATES HOR 1ST READING OF PARLIAMENT ACT THIS WEEK DOES NOT VIOLATE FED COURT DECISION REQUIRING ANY LAW OF FINANCIAL BEARING OR IMPACT ON BUDGET AND REPRESENT NO NEW PRESIDENTIAL PRIVILEGES OR DETERMINER GRADES FOR SENIOR POSITIONS…CABINET APPROVES ALLOCATION OF $5 BILLION IQD FOR SUPPORT OF LIBERATED AREAS AND IMPLEMENTATION OF SERVICE PROJECTS…ELECTORAL COMMISSION ANNOUNCES FUNDING FOR REGISTRATION 13 NEW PARTIES ADDED TO EXISTING 45 INSTEAD OF OLD PARTIES….PARLIAMENTARY & JUDICIAL SOURCES UNVEIL MEMORANDUM TO SUPREME JUDICIAL COUNCIL & PRES COR REQUESTING LIFTING OF PARL IMMUNITY FOR MP MISHAN JABOURI IN PREPARATION FOR HIS TRIAL INVOLVING EMBEZZLEMENT OF 60 BILLION IQD FROM SALARIES OF STATE EMPLOYEES IN SALAHUDDIN PROVINCE LEADING TO HIS FLEEING TO SYRIA…

INVESTMENT/BUSINESS/ECONOMY

OIL AT $46.61…UNDERSECRETARY OF MINERALS & INDUSTRY MAJEED MEETS WITH GERMAN COMPANY SIEMENS OFFICIALS IN MUNICH THE JOINT COOPERATION DEVELOPMENT OF FACTORIES & LABORATORIES..MP NAJIB ASSERTS THE IMMEDIATE NEED TO DIVERSIFY IRAQ ECONOMY AND RELIANCE ON IMPORTS BECAUSE OF REGIONAL POLITICAL CRISIS & INSTABILITY IN NEIGHBORING TRADE PARTNER COUNTRIES IRAN, JORDAN, SYRIA, TURKEY, SADI ARABIA & KUWAIT….IRAQI PORTS CONTINUE OPERATIONS & SERVICES IN SPITE OF OTHER GOV’T SHUT DOWNS DUE TO EXCESSIVE HEAT TEMPERATURES…UST REPORTS 156 INDIVIDUALS INVOLVED IN THE LOOTING OF PUBLIC MONEY…PLANNING ANNOUNCES THE REDUCTION OF BURDEN ON STATE BUDGET FROM 260 TO 159 BILLION DINARS WITH DELAY OF SOME STRATEGIC PROJECTS…MUTHANNA GOVERNOR ZIADI PROCLAIMS HIS PROVINCE WILL BE FIRST IN CEMENT PRODUCTION WITHING 2 YEARS WITH MULTIPLE PRODUCTION LICENSES PRODUCING MORE THAN 10 MILLION TONS PER YEAR…IRAQI STOCK EXCHANGE LOOKING FOR INVESTMENT PROMOTION AFTER DISCUSSING ROLE OF RULES FOR CORPORATE GOVERNANCE AND BANK GUARANTEE TO ATTRACT & PROMOTE INVESTMENT AND TRADING SECURITIES ESPECIALLY FOR NON IRAQI INVESTORS INCLUDING NATIONAL SAVINGS IN THE IRAQI ECONOMY THROUGH A WORKSHOP THIS SATURDAY ON GOVERNANCE TO OPERATIONAL PERFORMANCE OF BANKS LISTED ON ISX AS WELL AS ONLINE TRADING MECHANISMS FOR INVESTORS AND WILL HOST EXPERTS FROM SEC ABOUT ELECTRONIC PUBLISHING TECHNIQUES TO INCREASE FOREIGN INVESTMENT IN ISX AND COMMUNICATING DATA TO MARKETPLACE AND LAUNCHING A REAL TIME ONLINE TRADING PLATFORM AND ESTABLISHING AN INVESTORS SPECIALIZED DATA SERVICES CENTER TO DISSEMINATE INVESTMENT AWARENESS.…

SECURITY

US AND IRAQ COORDINATE THE REHABILITATION OF QARRAYAH BASE TO PROVIDE LOGISTICAL SUPPORT FOR BATTLE OF MOSUL OPERATIONS INCLUDING RUNWAY C 130 GIANT SHIPPING…ABADI CONFIRMS INTENTION WITH MOSUL OPERATIONS AND RESTORE “STABILITY” TO LIBERATED AREAS AND RETURNING POPULATIONS…FRENCH DEFENSE MINISTER LE DERIAN STATES THERE WILL BE A COORDINATED COALITION STRIKE AGAINST ISIS IN MOSUL AMID ANSWERING QUESTIONS ABOUT FRENCH SPECIAL FORCES IN LIBYA…COMMANDER OF IRAQI ANTI TERRORISM FORCES ASADI STATES IRAQI FORCES AWAITING ABADIS ORDER TO BREAK INTO CITY OF MOSUL AND LIBERATE CITY FROM ISIS CONTROL…ISF SPOKEMAN ANNOUNCES COMPLETE LIBERATION OF TOWN OF “CUPBOARD” NEAR HADITHA IN ANBAR PROVINCE…25 ISIS ELEMENTS KILLED IN AIR STRIKES ISLAND OF KHALIDIYAH IN HAWIJA PROVINCE…JAFAARI STATES THE US MARINES PRESENCE IN IRAQ IS WILL OF IRAQI FORCES AND NOT OBLIGATORY…ISF SPECIAL OPERATIONS ARRESTS 60 ELEMENTS TRYING TO HIDE AMONG DISPLACED OUTSIDE OF QARRAYAH…GERMANY OPENS 2 NEW PROJECTS TRAINING PESHMERGA FORCES…INTERNATIONAL COALITION CONDUCTS 19 SORTIES I IRAQ & SYRIA…IRAQ CONCLUDES ARMAMENT DEAL WORTH IRAN WHICH INCLUDES DRONES AND COMMUNICATIONS SYSTEMS IN MEETING WITH MASSUM & IRANIAN AMBASSADOR TO STRENGTHEN BILATERAL RELATIONS…FRANCE SENDING AIRCRAFT CARRIER CHARLES DE GAULLE TO PERSIAN GULF FOR ATTACKS ON ISIS IN IRAQ AND SYRIA…KURDS SIGN AGREEMENT WITH WASHINGTON FOR NUS TO BUILD 5 MILITARY BASES IN REGION IN ERBIL (2), DAHUK(2), AND ATRUSH (1) AND UNDER AGREEMENT WILL TRAIN & PAY PESHMERGA FORCES FOR 10 YEARS…

GENERAL

SALEH WILL ATTEND WASH DONOR CONFERENCE AND STATES IRAQ IS IN PROCESS OF TRANSITIONING FROM WAR ECONOMY TO PEACE ECONOMY AND PROVIDE STABILITY TO THE RETURNING CITIZENS…JAFAARI STATES IRAQ HOPES TO PREVENT THE SAUDI MILITARY INTERVENTION AND BAGHDAD SHOCKED AT RECENT ACTIONS BY RIYADH..UN WARNING OF ISIS PRESENCE MOVEMENT TO LIBYA AND NORTHERN AFRICA…UN COMMITS CONTINUED SUPPORT FOR DISPLACED OF TIKRIT AREAS…BRAZILIAN AUTHORITIES PROBING THREATS FROM ISLAMIC STATE DURING OLYMPIC ACTIVITIES…JAFAARI RECEIVES OFFICIAL INVITATION TO ATTEND ARAB SUMMIT…GERMAN FOREIGN MINISTER STATES COMPLETE DEFEAT OF ISIS REQUIRES END TO SECTARIAN VIOLENCE & DIVISION…ABADI MEETS WITH FRENCH STATE MINISTER FOR FOREIGN AFFAIRS DEVELOPMENT VALLIENA & DELEGATION TOWARD SECURITY OPERATIONS AND CARE FOR DISPLACED…CANADA COMMITS $158 MILLION IN HUMANITARIAN SUPPORT AID AND MORE THAN $190 MILLION IN LOANS FOR IRAQI DISPLACED…ABADI ACCEPTED SHARASTINI RESIGNATION TODAY…INTERIOR MINISTRY REVIEWING INVESTMENT PLAN FOR ARMING SECURITY FORMATIONS MOST NOTABLY FEDERAL POLICE…NEW ROADS LINKING FALLUJAH AND BAGHDAD REOPENED AMID NEW SECURITY..US JUSTICE DEPT ACCUSES FRAUD AGAINST COMPANY DYNCOR CONTRACTED TO PROVIDE POLICE SECURITY TRAINING TO IRAQI FORCES AND PHONY BILLING…CITIZENS HAVING PARTICULARS ELECTRICITY AND TELECOMMUNICATION BILLS DUES AND TAXES EXPLAINED TO THEM THROUGH SAMPLE BILLING STATEMENT BREAKDOWNS…GERMANY COMMITS 160 MILLION EUROS TO SUPPORT DISPLACED BEFORE DONORS CONFERENCE AND ADDITIONAL 350 MILLION EUROS IN LOANS..KUWAIT MAKES PRE DONOR CONFERENCE COMMITMENT TO IRAQ SUPPORT OF DISPLACED $176 MILLION HAVING DONATED 6.1 BILLION TO SYRIAN DISPLACED…BRITAIN COMMITS 60 MILLION POUNDS FOR IRAQ’S DISPLACED…

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rcookie (Dinar Guru) – Article: “Exchange rate and disinformation…Mohammed Sharif Abu Mayssam” Quote: “…repeated calls by some observers to call for the lifting of the dinar exchange rate against foreign currencies, to the extent that some of those claims up by making the value of the dinar equivalent to one dollar…” WOW!..A LOT GOING ON HERE! BRINGING PARALLELS TO FOREIGN RESERVES VALUE RELATIVE TO CURRENT IQD VALUE RATIO…AND WARN OF GUARDING AGAINST THEORIES SUPPORTING THAT AS THE ONLY OR MOST IMPORTANT MARKER…AND GUARD AGAINST OVERVALUING AGAINST CURRENT IMPORT STATUS FOR TRADE CONSIDERATIONS…THAT AUTHOR… MAYSSAM IS A VERY WELL RESPECTED ECONOMIST WRITER FOR ALSABBAH…BUT MANY OF THE POINTS MADE ARE SHARED BY MANY IRAQI ECONOMISTS…

Abadi accepts resignation of six cabinet ministers

Iraqi Prime Minister Haidar al-Abadi. File photo.

(IraqiNews.com) BAGHDAD – Prime Minister Haider al-Abadi on Tuesday accepted the resignations of six ministers from the current cabinet.

Abadi’s office in a brief statement said, “The Prime Minister issued orders accepting the resignation of the six ministers.”

MP of Badr Organization was however surprised to see Abadi approving the resignation of the Interior Minister.

A reliable source told Iraqi News on Tuesday that al-Abadi agreed to accept the resignations, submitted by some ministers in the current cabinet, without much haste.

Dinar Updates “The After Call – ReDux”!!

“Immediately following News Time!!”
from 7/18 – “After Call” w/Q&A!!

Smart phone user link – Click here

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Iraq sells more than 400 billion dinars from the treasury of the forward sale of two banks

Twilight News / Iraqi Central Bank announced the sale of more than 400 billion Iraqi dinars, two banks, the sale of treasury-term, after approval from the Ministry of Finance in this regard.

According to a statement of the bank responded to the Twilight News, he ended sive attempts sale of $ 4 billion and twenty million Iraqi dinars and the highest rate cut competitive Bmzaadat (400%) and Tamost yield of 400%.

He added that the number of Almhakerin reached four, and won by two banks in addition to the care of minors and body National Pension Department.

The Iraqi Finance approved a public auction for the sale of remittances Dzenh for 364 days and $ 400 billion dinars.

Read More: http://www.dinarupdates.com/showthread.php?37177-Iraq-sells-more-than-400-billion-dinars-from-treasury-of-forward-sale-of-2-banks

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tlm724 (Dinar Guru) – “IMF News: Can you explain the significance of maintaining the Iraqi Dinar’s peg to the U.S. dollar?” “IMF says no reason to devalue Iraqi Dinar“. I found the direct quote by the IMF mission chief for Iraq Christian Josz on July 14, 2016 on the IMF site…

Read More: http://www.dinarupdates.com/observer/
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rcookie (Dinar Guru) – “IRAQI STOCK EXCHANGE LOOKING FOR INVESTMENT PROMOTION AFTER DISCUSSING ROLE OF RULES FOR CORPORATE GOVERNANCE…” “…TO INCREASE FOREIGN INVESTMENT IN ISX AND COMMUNICATING DATA TO MARKETPLACE AND LAUNCHING A REAL TIME ONLINE TRADING PLATFORM…” THIS IS ABSOLUTELY HUGE…! DATA SERVICES CENTER FOR DISSEMENATION OF INVESTMENT AWARENESS!…SEC EXPERTS COMING TO TOWN… OPERATIONAL PERFORMANCE OF BANKS…WOW. DO YOU THINK THAT HAS ANYTHING TO DO WITH THE WORKSHOP ON 26-28 ON ICAAP…IN SYRIA…IT IS ALL COMING TOGETHER FOLKS.

Read More: http://www.dinarupdates.com/observer/
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For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
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RCookie NEWS Recap
(from) TUESDAY JULY 19TH, 2016

BUSINESS/INVESTMENT/ECONOMY

OPEC BASKET AT $43.36…AUCTIONS AT $146 MILLION…OIL AT $47.63…NEW WASTE TRETMENT PLANT IN BAGHDAD USING PLASMA TECHNOLOGY…WORLD HERITAGE INCLUSION WILL HAVE DRAMATIC IMPACT ON TOURISM & TRAVEL SECTOR…IRAQ SURPASSED SAUDIN ARABIS AS LARGEST EXPORTER TO INDIA IN SECOND QUARTER…KUWAITS ZAIN TELECOMMUNICATIONS FIGHTING TO RECOVER ASSETS RELEASE EQUITY FROZEN DUE TO TAXES OWED IRAQ THROUGH SHAES LISTED ON IRAQ STOCK EXCHANGE…ISX ANNOUNCES LAUNCH OF TRADING OF SHARES “ASSRIA HOTELS” 7-19-16…DOZENS OF PAPER MILL LABORATORY STAFF DEMANDING THEIR SALARIES IN BASRA…INVESTMENT AUTHORITY MEMBER ZUMILI ASSERTS FURTHER WORK TO ADDRESS & REMOVE OBSTACLES FROM 2ND AMENDMENT OF INVESTMENT LAW NO. 13 (2006) AMENDED OCTOBER 2015 NEEDED IN PROCESS INVOLVING DELIVERY OF LAND TO INVESTORS WITHIN 15 DAYS…SALEH CALLS ON RAFIDAIN & RASHEED BANKS TO EXECUTE ON CBI SME LOANS & PROGRAMS IN DISADVANTAGED AREAS THROUGHOUT COUNTRY..IRAQ COMMITS ITS PARTICIPATION MINISTRY OF INDUSTRY MINERALS IN 85TH INTERNATIONAL FAIR “IZMIR” IN TURKEY AUGUST 26TH FOR 6 DAYS…GOLD AT 218,000 IQD PER WEIGHT…MOF ZEBARI MEETS WITH BASRA GOVERNOR NASROUI AND CONFIRMS PAYMENTS OF STAFF SALARIES IN CONTRACTS AND MOVE TO A DAILY…MINISTRY OF CONSTRUCTION & HOUSING ANNOUNCE HIGH VOLUME OF CONSTRUCTION LICENSE ISSUANCE IN NAJAF COINCIDING WITH HOUSING LOANS…KURDISTAN OIL REVENUES AT $479 MILLION FOR MONTH OF JUNE…SALEH ANNOUNCES GOV’T TREND TO CODIFY APPOINTMENTS IN PUBLIC SECTOR IN TRANSFORMING LABOR MARKET INTO PRIVATE SECTOR IN NEED TO DOWNSIZE REMAINING PUBLIC SECTOR EMPLOYEES TO BE THE BEST AVAILABLE AS PART OF ECONOMIC REFORM AND BURDEN AGAINST STATE BUDGET & STRATEGIC LABOR MARKET ORIENTATION

PARLIAMENT

ABADI ACCEPTS RESIGNATION OF 6 CABINET MEMBERS INCLUDING INTERIOR MINISTER GHABBAN/OIL MINISTER WATER/TRANSPORT/HOUSING/INDUSTRY/…JABOURI STATES PARLIAMENT WILL STUDY FREEDOM OF SPEECH LAW TO STUDY OBJECTIONS & ISSUES RAISED BY ACTIVISTS OF CIVIL & POLITICAL ORGANIZATIONS…ABADI HEADS MEETING OF COMMISSION FOR KARRADA BOMBING RECONSTRUCTION AREA…HOUSE COLLECTS MORE THAN 100 SIGNATURES TO DISMISS SOME MEMBERS SUPREME COUNCIL BOARD OF ELECTIONS…CABINET HELD ITS REGULAR UNDER CHAIRMANSHIP OF ABADI…MINISTRY OF LABOR & SOCIAL AFFAIRS ANNOIUNCE DISTRIBUTION OF 2ND INSTALLMENT OF SOCIAL PROTECTION BENEFITS TO 850,00 RECIPIENTS TOTALING 255.3 BILLION IQD…DEPUTY HEAD OF PARLIAMENTARY LEGAL COMMITTEE SADOUN ANNOUNCE 6 DEPUTIES ARE REQUIRED TO LIFT THEIR IMMUNITY BY REQUEST OF HOR WITH 3 FROM PREVIOUS SESSION…CABINET ANNOUNCES APPROVAL FOR IMPROVEMENTS AND DEVELOPMENT OF BASRA REFINERY THROUGH JICA LOAN FUNDING…MINISTER OF HEALTH HAMOUD ANNOUNCES GOVERNMENT COM APPROVAL OF MEDICAL EVACUATION OUTSIDE THE BORDERS BUDGET…CABINET RULED CONFISCATED LAND & PROPERTY OF FORMER SADAAM HUSSEIN REGIME SENDING TO MINISTRY OF AGRICULTURE INVESTMENT & FINANCIAL DRAFT LAW TO BE FORWARDED TO PARLIAMENT…FOREIGN RELATIONS COMMITTEE MEMBER ALUSI ANNOUNCES JUDICIAL RULINGS & INTERPOL INVESTIGATIONS ARE OPTIMUM MEASURES TO PURSUE & RECOVER STOLEN STATE FUNDS SMUGGLED OUTSIDE OF IRAQ AND INTEGRITY COMMITTEE MEMBER BAHADLI STATING THE MOST DIFFICULT FILES TO RECOVER WILL BE MOD FILES AND STATE PROPERTIES …

SECURITY

MAJOR ISF VICTORIES IN RECOVERING TOWNS & CITIES IN HIGH REGIONS OF EUPHRATES WESTERN AXIS QUICKLY BREAKING ISIS…TURKISH INCIRLIK AIRBASE FULLY OPERATIONAL RESTORED AFTER ATTEMPTED COUP FAILURE…MORE THAN 50% OF ISIS ELEMENTS IN HAWIJA HAVE SHAVED THEIR BEARDS AND FLED EXTRAJUDICIAL…ISF AIR OPERATIONS CONDUCT SORTIES IN HAWIJA SW OF KIRKUK DESTROY ISIS BOMBING AND MINING PLANTS…ISF OPERATIONS IN SHARQAT RESULT IN KILLING 33 ISIS ELEMENTS & DESTROYING BOOBY TRAP PLANT AND COMMUNICATION TOWER OF ISIS…SADR THREATENING MASS DEMONSTRATIONS THIS WEEK & NEXT WEEK IN DISPUTE WITH ABADI OVER REFORM PROGRESS AND REPORTED US GROUND TROOPS INVOLVEMENT IN MOSUL LIBERATION OPERATIONS & ABADI REPLIED THATANY ARMED DEMONSTRATORS WILL BE TREATED AS TERRORISTS BY SPECIAL SECURITY FORCES…INTERNATIONAL COALITION CONDUCT 31 SORTIES IN IRAQ ANS SYRIA…INTERIOR MINISTRY DISCUSSING WITH SECURITY LEADERS WAYS TO INTENSIFY SECURITY AND INTELLIGENCE EFFORTS IN BAGHDAD…DHI QAR AND MUTHANNA PROVINCE CLEANSED OF MINE AND EXPLOSIVE DEVICES…SENIOR IRAQI MILITARY OFFICIAL DECLARES MONITORING OF CRUMBLING ISIS ELEMENTS IN MOSUL & DISAPPEARANCE OF LEADERS AND BREAK BARRIERS OF FEAR WITH SPREAD OF LETTER “M” MARKED ON HOUSES AS ANTI-ISIS RESISTANCE SYMBOL…

GENERAL

ZEBARI IMPOSES INCOME TAX TO ALL STATE EMPLOYEES THROUGH DIRECT DEDUCTION SYSTEM BY COM RESOLUTION NO. 156 AND IN ACCORDANCE WITH IMF LOI/MEFP…US AIMS TO RAISE $2 BILLION FOR IRAQI DISPLACED IN INTERNATIONAL SUPPORT CONFERENCE…MALIKI VISITS THE HALAJBA GOVERNATE TO MEET WITH KURDISH SOCIALIST PARTY LEADER HAJI MAHMOUD WHO IS OLD ALLY IN ANTI BAATH ACTIONS..IRAN THREATENS MILITARY ACTION IN ERBIL IN RESPONSE TO SAUDI ARABIA & KURDS REPLY THE SAUDIS DO NOT SUPPORT THE OPPOSITION FACTIONS… BARZANI READY TO RECEIVE MALIKI IN ERBIL IF REQUESTED TO DO SO…AN ARMED GROUP IN BRAZIL HAS PROCLAIMED ALLEGIANCE TO ISIS…FATLAWI DEMANDS IMMEDIATE INVESTIGATION TO INCIDENT OF ASSAULT ON ALACHAIS SOLDIERS & OFFICERS… MALIKI PRAISES PROGRESS IN AGREEMENT BETWEEN PUK AND “CHANGE” IN KURDISTAN VISIT WHILE CANCEL HALABJA GOVERNATE VISIT…OBEIDI ARRIVES IN WASHINGTON TO ATTEND AMERICAN ALLIANCE AGAINST ISIS CONFERENCE AND FINALIZE MOSUL LIBERATION PLANS…MINISTER OF JUSTICE DECLARES MORE THAN 32,00 DETAINEES IN IRAQ PRISONS & DETENTION AND 45 EXECUTIONS OF TERRORISTS PERFORMED IN 2016…IRAQI POLICE SET TO BEGIN INTENSE TRAINING BY AUSTRALIAN AUTHORITIES IN COMING DAYS…DHI QAR, WASIT. KARBALA AND MAYSAN DISABLE WORKING THE NEXT 2 DAYS BECAUSE OF EXTREME TEMPERATURES…UN STATES IRAN HAS VIOLATED INTERNATIONAL LAW BY SENDING WEAPONS TO VARIOUS FACTIONS INSIDE IRAQ…. INTERIOR MINISTRY KHAZILI LOOKING AT TIMING FOR OPENING OF NATIONAL CARD CIRCLES IN BAGHDAD PROVINCE AND THE REGIONS THROUGH LOGISTICS TASK FORCE…MALIKI CANCELS VISIT TO HALIBJA BECAUSE OF PLANNED DEMONSTRATIONS AGAINST HIM…MUTHANNA PROVINCE TO OFFICIALLY CHANGE NAME TO URUK PROVINCE…
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CURRENCY	CODE	SELL	BUY
US dollar	USD	1182.000	1180.000
Euro	EUR	1306.465	1305.811
British pound	GBP	1564.141	1563.359
Canadian dollar	CAD	910.351	909.896
Swiss franc	CHF	1201.342	1200.741
Swedish krona	SEK	—–	—–
Norwegian krone	NOK	139.540	139.470
Danish krone	DKK	175.632	175.544
Japanese yen	JPY	—–	—–
Special Drawing Rights	SDR	1641.597	1640.776

Indicative rates – 07.20.2015

http://www.cbi.iq/

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Dinar Daily NEWS Blog – July 20th

Posted on July 20, 2016 by BGG

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 07-20-16

Currency Auctions Announcement No. 3242

This daily currency auction was held in the Central Bank of Iraq on the 07-20-2016

The results were as follows:

DETAILS	NOTES
Number of banks	29
Number of remittance companies	16
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	146,727,081
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	146,727,081
Total offers for selling (US$)	—–

More: http://dinarupdates.com/observer/
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The greatest remedy for anger is delay. – Thomas Paine

* Current News *

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Don’t MISS – “DU NEWS TIME” w/RCookie and Mr White in DU CHAT ROOM – Wednesday 7:30pm EST

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Aggiedad77 (Dinar Guru) – Article: “Distribution of financial grants to displaced families in Babylon” I’m surmising here that the “instrument” for distribution of these funds to the families is likely some kind of card…electronic card…for protection of all involved…another positive sign of good things already in the works…patience…the BEST is yet to come.

Abadi accepts resignation of six cabinet ministers

Iraqi Prime Minister Haidar al-Abadi. File photo.

(IraqiNews.com) BAGHDAD – Prime Minister Haider al-Abadi on Tuesday accepted the resignations of six ministers from the current cabinet.

Abadi’s office in a brief statement said, “The Prime Minister issued orders accepting the resignation of the six ministers.”

MP of Badr Organization was however surprised to see Abadi approving the resignation of the Interior Minister.

A reliable source told Iraqi News on Tuesday that al-Abadi agreed to accept the resignations, submitted by some ministers in the current cabinet, without much haste.

Dinar Updates “The After Call – ReDux”!!

“Immediately following News Time!!”
from 7/18 – “After Call” w/Q&A!!

Smart phone user link – Click here

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Iraq sells more than 400 billion dinars from the treasury of the forward sale of two banks

Twilight News / Iraqi Central Bank announced the sale of more than 400 billion Iraqi dinars, two banks, the sale of treasury-term, after approval from the Ministry of Finance in this regard.

He added that the number of Almhakerin reached four, and won by two banks in addition to the care of minors and body National Pension Department.

The Iraqi Finance approved a public auction for the sale of remittances Dzenh for 364 days and $ 400 billion dinars.

Read More: http://www.dinarupdates.com/showthread.php?37177-Iraq-sells-more-than-400-billion-dinars-from-treasury-of-forward-sale-of-2-banks

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wmawhite (Dinar Guru) – …Maliki still leads a political bloc, all though a minor bloc. Think of a political bloc as an union. A political union within the Iraqi Parliament. If you understand this, it is very understandable that the head of a bloc/union will always be negotiating with other political blocs as well as their leaders. This is life…it is the way their political life runs from day to day.

Read More: http://www.dinarupdates.com/observer/
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rcookie (Dinar Guru) – PARLIAMENT TODAY…VOTED IN PRESENCE OF 236 DEPUTIES…SALE & LEASE OF STATE PROPERTY LAW NO. 21 (2013) AS WELL AS PLANNING FOR COMMITTEE TO AMEND CONSTITUTION…1ST READING ON 5 BILLS AS WELL AS DISCUSSION TO LIFT IMMUNITY FOR 9 MP’S…17 TOTAL MP’S BUT 8 HAVE RETIRED AND NO LONGER HAVE IMMUNITY…LEGAL AFFAIRS COMMITTEE WILL DECIDE WITHIN 2 WEEKS…AS WELL AS PURSUIT TO DISMISS MP’S WHO HAVE EXCEEDED ABSENTEE THRESHOLD…ABSOLUTELY HUGE LEGISLATIVE DAY…AND SETTING UP WHAT LOOKS TO BE HUGE LEGISLATIVE WEEK AND SESSION TERM…

Read More: http://www.dinarupdates.com/observer/
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Maliki Legend “electronic army” in the media and is funded by public money

Leaks showed “Integrity Committee” in the Iraqi parliament, that former Prime Minister Nuri al – Maliki , and during the years of his rule eight of the country, pay the monthly salaries of public money to dozens of writers, journalists and activists to bleach his image, and attacking his critics or opponents, as well as broadcast rumors.

According to a senior member of the Committee on parliamentary integrity, Maliki was involved recruiting “letter Army” works in his favor since mid-2009, and until today, he managed both his son and Srah, noting that “the army comprises about 80 journalists locally and dozens of activists on networking sites, were recorded salaries of them withholding of salaries of the Iraqi media network , “pointing out that” a number of members of the integrity Commission filed a report to the Prime Minister Haider al – Abadi contains information on such a large army , which is funded from the state budget. ”

He explained Lists that “about 200 thousand dollars at least, all of the state funds, paid monthly for the benefit of journalists and writers and different personalities as well as activists and officials of the pages to meet Telmaahm Maliki’s image, or to attack opponents of the Sadrist movement, the Kurdistan Democratic Party, headed by Massoud Barzani, and the Union of Iraqi forces and others.

Comes leaks days at the end of the sharp differences between the leaders of the “National Alliance” ruling the country after, was evacuated, “the agency tomorrow Press” Iraqi widespread, details of the cease-Maliki mail army attack on the head of the Iraqi Islamic Supreme Council Ammar al-Hakim build on a truce between the two sides .

The spread dozens of pages and accounts to communicate “Facebook” and “Twitter” sites a number of them the names refer to “support al-Maliki,” and “supporters of Mokhtar Age,” and “supporters of the third term of the owners,” and “Son of Iraq”, and “safety valve” and others, at a time when al-Maliki has five newspapers and three TV stations.

Commenting on the leaks, he said a member of the civil power of the Iraqi Jaafar called for “new Arab” The “electronic army of owners known for years, which is not new at all,” adding that it “is no different from the armies of politicians but it is funded from the general budget of the state and across different covers network media or support efforts or other projects. ”

Talib added that “each political army electronically, but Maliki ‘s army is stronger and wider, where he bought receivables lot of journalists , ” and expressed his belief that “disclosure of such information may be linked to the return of the Cold War between Maliki and the cleric Moqtada al – Sadr and bickering through the media “and urged” the Supreme Judicial Council to intervene and open an investigation into the leaks. ”

Read More: http://www.dinarupdates.com/showthread.php?37194-Maliki-Legend-quot-electronic-army-quot-in-the-media-and-is-funded-by-public-money-7-18

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For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
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RCookie NEWS Recap
(from) MONDAY JULY 18TH, 2016

PARLIAMENT

PARLIAMENT LEGAL COMMITTEE ANNOUNCES FEDERAL COURT LEGAL INCLUSION FOR PUBLIC VOTE ON GENERAL AMNESTY LAW NEXT WEEK AND JABOURI TO PUBLISH NAMES OF DEPUTIES WHO REFUSE TO VOTE WHILE DECLARING NATIONAL GUARD LAW NOT READY AT THIS TIME WITH MAJOR DIFFERENCES…PARLIAMENT CALLS FOR NAMES SUBMITTED FOR COMMITTEE SELECTION TO AMEND THE IRAQI CONSTITUTION AND SUBMIT PROPOSAL FOR PUBLIC REFERENDUM…COMMISSION ON LABOR & SOCIAL AFFAIRS CALLING ON ABADI TO PASS PENSION LAW & SECURITY FOR WORKERS…HOR VOTED ON DRAFT LAW FOR UNIVERSITIES ELIGIBILITY TODAY…PARLIAMENT COMMITTEE ON CULTURE & INFORMATION DISCUSS 4 CONTENTIOUS POINTS REDUCED TO 2 IN FREEDOM OF EXPRESSION & PEACEFUL PROTEST LAW…HOR VOTES ON 3 BILLS (PRESENCE OF 200 DEPUTIES) GENERAL AUTHORITY ACT TO ENSURE PROVINCIAL RIGHTS/DRAFT LAW ON CIVIL UNIVERSITIES & COLLEGE/PROJECT INTEGRATING MINISTRIES/DISCUSSION ON IMPROVING MIDDLE SCHOOL RATES/1ST READING DRAFT LAW TRANSFER OF SENTENCED PERSONS BETWEEN IRAQ & BRITAIN & NORTHERN IRELAND PLUS COMMITTEES TO DISCUSS KARRADA BOMBING INVESTIGATION AND FOLLOW UP SUPPORT FOR VICTIMS IN PRIVATE SESSION….LABOR MINISTER SUDANI & PRESIDENT OF FEDERATION OF INDUSTRIES ANNOUNCES PLAN T DEVELOP “MICRO CREDIT” PROGRAM TOWARD ESTABLISHMENT OF PRIVATE SECTOR INDUSTRIAL PROJECTS…NATIONAL COALITION TO HOLD REGULAR MEETING TO DISCUSS REGIONAL & NATIONAL DEVELOPMENTS…CITIZEN BLOC REP SHAWKI REVEALS NAMES OF 19 MP’S FOR REMOVAL OF IMMUNITY IN PREVIOUS SESSION WITH 3 REMAINING NEEDED FOR CURRENT SESSION DUE TO VIOLATION OF ABSENCES RULES.…PARL INTEGRITY CHAIR ZOBAIE ANNOUNCES THE EXISTENCE OF A NUMBER OF CORRUPTION FILES OF MINISTERS AND MINISTRIES THAT WILL BE REVEALED IN THE COMING DAYS…

GENERAL

BAGHDAD MUNICIPALITY DISCUSS PROPOSAL TO CLOSE KARRADA STREET PERMANENTLY TO AUTO TRAFFIC…MALIKLI TRAVELS TO SULAYIMANIYAH TO MEET WITH “CHANGE” AND POLITICAL LEADERS OF PATRIOTIC UNION…FRONT REFORM STATING TIME FOR EARLY DISMISSAL OF 3 PRESIDENCIES…JAFAARI OPENS IRAQI CONSULATE IN US CITY OF DETROIT…INT’L CONFERENCE THIS COMING WEEKEND IN WASHINGTON FOR SUPPORT TOWARDS RESETTLING OF DISPLACED IN LIBERATED AREAS THROUGH SERIES OF GRANTS…MOD OBEIDI HEADS TO WASHINGTON TO PARTICIPATE IN INTERNATIONAL COALITION ON COMBATING ISIS…IRAQ REFUSES TO ABOLISH THE DEATH PENALTY AND PROCEEDS WITH FILES OF 20 TERRORISTS…IRAQ SIGNS AGREEMENT WITH CHINA TO RECEIVE #170 MILLION FOR CARE & SUPPORT OF THE DISPLACED…PLANNING REPORTS IRAQ POPULATION NOW AT 36 MILLION PEOPLE…ISIS QUIETLY PLANNING FOR END OF CALIPHATE…DHI QAR ANNOUNCES NEED OF 1400 MW ELECTRICITY TO PROVIDE 24 HOUR SERVICE AND LOOKING FOR EARLY RELEASE OF 2017 BUDGET FUNDS TO SUPPORT ANTIQUITIES & MARSHES EFFORTS TOWARD WORLD HERITAGE ANNOUNCEMENT AND JABOURI CALLING TO ACTIVATE ALL TOURISM PROJECTS IN MARSHES…ANBAR TRIBES REPORT ONLY 10% OF LAND OCCUPIED BY ISIS…INSPECTOR GENERAL & INTERIOR ANNOUNCE ARREST OF INDIVIDUALS EMBEZZLING 100 BILLION IQD THROUGH RASHEED BANK OFFICER BY PHONY CBI LOAN PROCESSING THROUGH FICTITIOUS PERSONS…SADR DISTANCING HIMSELF FROM MASSES DEMONSTRATION ORGANIZATION AND LEAVES TO SELF DETERMINATION EMPOWERMENT AND THREATENS US FORCES GROUND PARTICIPATION…MALIKI STATES REGIONAL SALARIES NOT THE RESPONSIBILITY OF BAGHDAD AND ASSERTS OIL DELIVERY IRREGULARITIES FROM KURD REGION…ALEXANDRIA COURT DECLARES REVIEW OF 100 CASES PER DAY AND 1700 CASES PER YEAR IN BABYLON AS THE NATIONS HEAVIEST JUDICIAL LOADS…SADR STATES FREEDOM OF EXPRESSION LAW WILL NOT TAKE APPROVAL OF CORRUPT TO DEMONSTRATE AGAINST THE CORRUPT…UN KUBIS AND NUMEROUS WORLD LEADERS CONGRATULATE ABADI AND IRAQI CITIZENS ON ANNOUNCEMENT OF INCLUSION “PRESTIGIOUS STATUS” TO WORLD HERITAGE LIST…GERMANY ASSERTS TO UN THAT MORE THAN 1 MILLION IRAQIS HUMANITARIAN CRISIS WILL FLEE IRAQ IN THE COMING MONTHS AND REQUIRE $2 BILLION IN GLOBAL SUPPORT…IRAQ AND FRENCH OFFICIALS DISCUSS BUILDING NEW EDUCATIONAL SYSTEMS FROM GROUND UP….

SECURITY

IRAQI FORCES LIBERATE TOWN OF AOUSJA SOUTH OF MOSUL AND RAISE IRAQI FLAG…INTERIOR ANNOUNCES OPENING & IMPLEMENTATION OF SITRAT “SONAR” MOBILE EXPLOSIVE DETECTION DEVICES IN MULTIPLE ENTRANCES TO BAGHDAD…ABADI CHAIRS MEETING OF NATIONAL SECURITY COUNCIL…69 ISIS ELEMENTS KILLED AND 500 IED’S DESTROYED IN FULL EDITING OF ANBAR “CUPBOARD” AREA…INTERNATIONAL COALITION LAUNCHES 23 SORTIES IN IRAQ & SYRIA…FRENCH DEFENSE MINISTER STATES GOV’T COMMITMENT TO CONTINUE PARTICIPATION IN OPERATIONS AGAINST ISIS IN IRAQ & SYRIA…MP ASHWAQ MAKES PLEA TO ABADI & JABOURI FOR IMMEDIATE MILITARY ACTION TO LIBERATE SHARQAT IN ORDER TO AVERT HUMANITARIAN DISASTER ON OUTSKIRTS OF OCCUPIED AREAS…UN DECLARES IRAQI FORCES ATTACK ON MOSUL WOULD BRING DEVASTATING CIVILIAN CASUALTIES AND MASS DISPLACEMENT CONSEQUENCES…IRAQI FLAG RAISED OVER THE WHEEL AND SECURING THE SOUTHERN BANK OF THE EUPHRATES RIVER….
INVESTMENT /BUSINESS/FINANCE

CBI ANNOUNCES RELEASE OF NEW COMMEMORATIVE BANKNOTE ACKNOWLEDGING THE UNESCO ANNOUNCEMENT OF MARSHES INCLUSION TO WORLD HERITAGE LIST…OIL FALLS TO $47.25….AUCTIONS AT $159 MILLION DOLLARS…CBI ANNOUNCES SALE OF 400 BILLION DINARS FROM TREASURY OF FORWARD SALE OF 2 BANKS AFTER APPROVAL OF MINISTRY OF FINANCE THAT ARE PART OF PROGRAM TO WITHDRAWAL LIQUIDITY FROM BANKS & FINANCIAL ENTITIES THAT CAN AFFORD AND PROVIDE TO ABANDON LIQUIDITY AND GET A RETURN IN THE INVESTMENT PROCESS NATIONAL TREASURY ON A MONTHLY BASIS…KARBALA & WASIT SEEK TO ATTRACT COMPANIES TO ENGAGE INTERNATIONAL INVESTMENT PROJECTS…WORKSHOP FOR BASEL II & III COMPLIANCE OF ICAAP (INTERNAL CAPITAL ADEQUACY ASSESSMENT PROCESS) IN SYRIA NEXT WEEK JULY 25-28TH FOR NEW REQUIREMENTS OF FINANCIAL INSTITUTIONS AND PILLAR I AND PILLAR II MINIMUM CAPITAL REQUIREMENTS INCLUDING STOCKHOLDERS AND SUFFICIENT RISK ASSESSMENT & MANAGEMENT AND MITIGATION SYSTEMS TO MINIMIZE CAPITAL REQUIREMENTS AND INCLUDE STRESS TESTING TECHNIQUES AND ROLE OF BOARD MEMBER MGMT & INVOLVEMENT…UAE COMPANY (ENI IRAQ)WINS SECONDARY CONTRACT OIL & GAS ENGINEERING DESIGNS WORTH $61 MILLION FOR ZUBAIR OIL FIELD…PLANNING FORECASTING INCREASE OF WHEAT PPRODUCTIONOF 9%…BASRA GOVERNATE COUNCIL PROPOSES ESTABLISHMENT OF INTERNATIONAL CONFERENCE TO SUPPORT IRAQ’S ECONOMY UNDER AUSPICES OF UNITED NATIONS…ZEBARI MEETS WITH HEAD OF FINANCE COMMITTEE MEET TO DISCUSS AND ASSESS THE PROVINCES FINANCIAL NEEDS WITH GOVERNOR OF BASRA NASOURI…
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CURRENCY	CODE	SELL	BUY
US dollar	USD	1182.000	1180.000
Euro	EUR	1306.465	1305.811
British pound	GBP	1564.141	1563.359
Canadian dollar	CAD	910.351	909.896
Swiss franc	CHF	1201.342	1200.741
Swedish krona	SEK	—–	—–
Norwegian krone	NOK	139.540	139.470
Danish krone	DKK	175.632	175.544
Japanese yen	JPY	—–	—–
Special Drawing Rights	SDR	1641.597	1640.776

Indicative rates – 07.20.2015

http://www.cbi.iq/

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Dinar Daily NEWS Blog – July 18th

Posted on July 18, 2016 by BGG

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 07-18-16

Currency Auctions Announcement No. 3241

This daily currency auction was held in the Central Bank of Iraq on the 07-18-2016

The results were as follows:

DETAILS	NOTES
Number of banks	31
Number of remittance companies	16
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	159,044,052
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	159,044,052
Total offers for selling (US$)	—–

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

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

* Current News *

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A public hearing to vote on a legal Federal Court, amnesty next week (details)

Orbit News – Parliamentary Legal Committee, announced on Monday, the Federal Court for legal inclusion of general amnesty to vote on the parliamentary agenda next week, indicating that the vote will be made public.

The committee member said Ibtisam al- Hilali in a press statement, that ‘the House of Representatives plans to vote on important laws that serve the Iraqi people directly and there is a consensus in parliament on it’, adding that ‘ the National Guard Law by major differences and it is difficult to pass in the coming period. ”

And it showed Hilali said ‘next week will vote on the legal and amnesty of the Federal Court, but federal law requires the presence of a third of the members of the House of Representatives and the quorum is difficult to achieve’, adding that ‘parliament speaker promised to broadcast the vote on the federal law, amnesty in public hearing in order to know the Iraqis of the political forces that refuse to vote. ‘

Dinar Updates “The After Call” – LIVE!!

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from 7/18 – LIVE CALL w/Q&A!!

from 7/13 – Smart phone user link – Click here

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Iraq sells more than 400 billion dinars from the treasury of the forward sale of two banks

Twilight News / Iraqi Central Bank announced the sale of more than 400 billion Iraqi dinars, two banks, the sale of treasury-term, after approval from the Ministry of Finance in this regard.

He added that the number of Almhakerin reached four, and won by two banks in addition to the care of minors and body National Pension Department.

The Iraqi Finance approved a public auction for the sale of remittances Dzenh for 364 days and $ 400 billion dinars.

Read More: http://www.dinarupdates.com/showthread.php?37177-Iraq-sells-more-than-400-billion-dinars-from-treasury-of-forward-sale-of-2-banks

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Read More: http://www.dinarupdates.com/observer/
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Read More: http://www.dinarupdates.com/observer/
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Maliki Legend “electronic army” in the media and is funded by public money

Read More: http://www.dinarupdates.com/showthread.php?37194-Maliki-Legend-quot-electronic-army-quot-in-the-media-and-is-funded-by-public-money-7-18

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For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
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(photo: Sabah Arar/REX/ Newscom)

Iraqi dinars are exchanged for dollars at the busy Shorga market in Baghdad, Iraq: a key
priority in the new program is maintaining the exchange rate peg to the U.S. dollar, says IMF (photo: Sabah Arar/REX/Newscom)

Iraq Gets $5.34 Billion IMF Loan to Support Economic Stability

Iraqi economy faces double shock of lower oil prices, rising security challenges
IMF loan supports Iraqi government’s economic reform program, ensures debt sustainability
Program includes measures to protect the poor, curb corruption

The IMF has approved a three-year, $5.34 Billion loan for Iraq focused on implementing economic and financial policies to help the country cope with lower oil prices and ensure debt sustainability.

The loan will be provided under the Stand-By Arrangement facility and also includes measures to protect vulnerable populations—critical in a time of ongoing conflict, which has resulted in over 4 million internally displaced people.

The program builds upon the success of the recent Staff-Monitored Program, which the authorities started in November 2015 to address the double shock of ISIS attacks and the sharp drop in global oil prices, and will help close a financing gap of about $18 Billion.

Speaking to IMF News, Christian Josz, IMF mission chief for Iraq, explains the underlying reasons for the loan and the main goals of the IMF-supported program.

IMF News: Why is Iraq requesting financial assistance from the IMF now?

Josz: Iraq has been hit with a double shock for an extended time period. First, the ISIS insurgency since mid-2014 has created a humanitarian and social crisis that unfolded into millions of internally displaced persons, with destruction to assets and infrastructure leading to disruptions in production and in trade routes. The non-oil economy sharply contracted as a result. Second, the steep fall in global oil prices—on which Iraq depends almost entirely for its government revenue—has made the situation worse, culminating in both internal and external imbalances, large and rising budget deficits and increasing public debt, as well as losses in official foreign exchange reserves and some pressure on the Iraqi Dinar.

As a result, the Iraqi authorities approached the IMF with a request for emergency assistance, and we worked with the authorities to provide emergency financing of US$1.2 billion in July 2015 under the Rapid Financing Instrument. However, the intensification of the two shocks thereafter led the authorities to request a longer-term engagement with us that would not only address the fallout from the crisis, but also lay the ground for long-delayed, deep-seated reforms. In this vein, a staff-monitored program (a program with no attached lending) started in November 2015—at the Authorities’ request—to instill the necessary conditions, and build the required capacity and track record to move to the current Stand-By Arrangement.

IMF News: What are the key policy components of Iraq’s program and how will it help the country?

Josz: The program is designed with a focus on four key elements: reduce budget spending and restore public finances to a healthy state and stabilize debt; protect spending on the social front to ease the lives of the poorest, internally displaced people and refugees; improve the quality of public spending and prevent accumulation of unpaid debt through improvements in public financial management; and begin the process of restructuring state-owned banks to reduce their dominance in the banking system, thereby mitigating financial sector risks and preserving the sector’s stability.

IMF News: How has Iraq’s economy been affected by ongoing conflicts and will this hinder the program’s implementation?

Josz: On the one hand, the non-oil economy contracted by 19 percent in 2015 and is expected to continue to contract in 2016. On the other hand, the oil sector, thus far spared by the ravages of war, grew by 13 percent in 2015 and by more than 20 percent during the first five months of 2016, helping to support the broader economy, critical budget outlays, and official foreign exchange reserves amid the double shock.

While there are risks to program implementation—such as the fight against ISIS, subdued global oil prices, and uncertainty around the budget sharing agreement between the federal government and the Kurdistan Regional Government—the policy responses outlined above will help stabilize Iraq’s economy.

IMF News: Can you explain the significance of maintaining the Iraqi Dinar’s peg to the U.S. dollar?

Josz: Iraq has maintained a peg to the U.S. dollar for years, and it has served the Iraqi economy well. The peg helps provide stability amidst a highly uncertain environment, especially with policy capacity weakened by the fight against ISIS. Under current circumstances and given the nature of the shocks, moving towards more exchange rate flexibility would not be warranted for two key reasons.

First, Iraq is predominantly an oil exporter, and devaluing the Dinar would have minimal bearing on the economy’s overall trade competitiveness. Second, there is a notable degree of import dependence—almost half of Iraq’s consumption needs are imported—and devaluation would immediately trigger a spike in inflation for most food and other consumer goods, which would exacerbate already difficult social tensions. The authorities are committed to maintaining the Iraqi Dinar’s peg to the U.S. dollar under these circumstances, and we support this view.

IMF News: How will the program help protect the poor and internally displaced populations?

Josz: The program has set a floor on a number of budget items that are considered crucial for social spending, with the objective of protecting the most vulnerable. This covers spending directed towards the social safety net, the public distribution system (subsidies on food items, wheat, rice), agricultural product subsidies, transfers and assistance for internally displaced populations and refugees, and spending for salaries and goods and services by the ministries of health and education.

IMF News: What measures could the Iraqi government take now to lay the basis for private sector‑led growth in the future?

Josz: By preserving macroeconomic stability, including debt sustainability, the Iraqi authorities are laying the ground for private sector development. By maintaining fiscal discipline, they will create the fiscal space to pay their suppliers and international oil companies on time, which is essential to maintain financial sector stability and oil production. Furthermore, the authorities can also spur private sector-led growth by restructuring state-owned enterprises—including the six state-owned banks—and prioritizing investment projects, such as in the electricity sector, which will help improve infrastructure development.

http://www.imf.org/en/News/Articles/2016/07/12/14/31/NA071416-Iraq-Gets-IMF-Loan-to-Support-Economic-Stability
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CURRENCY	CODE	SELL	BUY
US dollar	USD	1182.000	1180.000
Euro	EUR	1315.330	1314.672
British pound	GBP	1580.570	1579.780
Canadian dollar	CAD	910.983	910.527
Swiss franc	CHF	1207.478	1206.874
Swedish krona	SEK	139.146	139.076
Norwegian krone	NOK	141.156	141.086
Danish krone	DKK	176.851	176.762
Japanese yen	JPY	11.188	11.182
Special Drawing Rights	SDR	1647.613	1646.790

http://www.cbi.iq/

Indicative rates – 07.18.2015

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

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Dinar Daily NEWS Blog – July 17th

Posted on July 17, 2016 by BGG

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 07-17-16

Currency Auctions Announcement No. 3240

This daily currency auction was held in the Central Bank of Iraq on the 07-17-2016

The results were as follows:

DETAILS	NOTES
Number of banks	27
Number of remittance companies	16
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	134,652,143
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	134,652,143
Total offers for selling (US$)	—–

More: http://dinarupdates.com/observer/
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Just because you do not take an interest in politics doesn’t mean politics won’t take an interest in you. – Pericles (430 B.C)

* Current News *

Upgrading of Iraqi currency “dinar plastic (polymer)” Re-evaluate the value of the dinar

Upgrading of Iraqi currency dinar plastic polymer– Dinar plastic (polymer)

– Restructuring of the Iraqi currency

Re-evaluate the value of the dinar

– Iraqi dinar (polymer):

1.eetm the use of plastic money and made of material plastic polymer high-efficiency rather than paper made from cotton material and paper used in the money industry today and that are exposed to rapid deterioration use life short and the movement of disease transition and endemic and infectious bunches bacterial with it and move on to people when you touch Kalmndel infested.

2. plastic money outlive most of its peers paper twice a number of years and do not affect the high temperatures and humidity, water, dyes, crushing and does not allow the formation of clusters of bacterial Ovairoseh.

3. plastic money security features very high degree forgery make it almost impossible to 99.9%.

4. plastic money can be recycled after it is damaged and the use of new raw materials reduces costs to a very high percentage Unlike paper that Taathra and lose parts and comes with stickers or dyes, which burned and then buried. Nor used as the raw material.

5.alncod plastic as far as being the most evolved its industry costs less than the cost of paper-based counterparts.

6.dol world began a gradual transition to plastic money instead of paper and the first Arab state of Kuwait is applied to the new currency system.

– Of Iraqi cash reserves of $ 53 billion for the year 2016
– Iraq has reserves of 90 tons of gold
.. This is the cover of the Iraqi dinar.

Iraqi currency:

– It must be the value of the Iraqi dinar to reflect the value of this financial cover
– And who is currently (1118) dinars to one US dollar
(According to the Central Bank of the price, of course), a very low value of digitally ..
Make it difficult to deal externally Dinars let alone inside Iraq.
Iraq needs to restructure its currency (Iraqi dinar):
1. Delete the zeros phantom inflation inherited from the siege and war ..
2. Be the dollar value of 1 is equal to 1 dinar and 118 fils.
3.eetm payment in Iraqi dinars for imports from China, Iran, Russia and Turkey are all state of understanding with them about the currency that is dealt with.

Re-evaluate the value of the dinar:

Iraqi dinar code globally DI, and Fils F
1. The re-evaluation of the Iraqi dinar, where every dinar equivalent of 100 fils and not 1000
And that each 1 $ = 1 DI and 18 fils.
2. production units metal younger groups most heavily for many Astkhamat payment and collection of taxes and fees and the rapid public attitudes and privacy, public transport, ATM and Lafrath in the markets)

It produces metal categories:

– AED 10 fils
– Quarter of a dinar 25 fils
– Half KD 50 fils
-danar 1 and is equal to 100 fils, as well as the issuance of paper has increased by only 20%.

If the improvement in the Iraqi economy, industrial and agricultural sectors, tourism and housing via the investment Add categories are less fils are 1 and 2 fils and 5 fils future …

3. paper categories plastic polymer made of plastic resistant to damage and bacteria and fraud, namely:

-1 Dinars only 20% paper and 80 metal
Dinars -5
BD -10
25 dinars
JD 50

100 dinars limited trading major category of banking transactions and large international investment and business deals. They are forcing banks to deploy ATMs in every province and spend according to the market and the population density and the development of piggy banks levy metal sheet positions to collect mineral groups service fees compared to the corner the whole car managed .. The introduction of credit card banks digital money ..

iraaqi.com

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wmawhite (Dinar Guru) – [What would they need to safeguard and protect if they were just going to stay at 1166. Or not enter the global economy? 1166 is there current safeguard.] Very good point…one of the current safeguards is the lack of value. Banks outside of Iraq is no upside to accept (exchanging and holding) the IQD because of its value. In other words, they do not see it as an asset to hold. So, as…you ask, what is there to safeguard? unless…?

Dinar Updates “The After Call” – LIVE!!

“Immediately following News Time!!”
from 7/18 – LIVE CALL w/Q&A!!

from 7/13 – Smart phone user link – Click here

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ECONOMIC ADVISER TO EBADI – INTERNATIONAL FUND APPROVES STANDBY CREDIT AGREEMENT WITH IRAQ

BAGHDAD / IBN – Economic Adviser to the President of the Council of Ministers confirmed the appearance of Mohammed Saleh, “The Executive Board of the International Fund approved a standby credit with Iraq on 7 July of the current agreement.

Saleh said on Thursday, in a statement to the Iraqi network transmitter (IBN) “The fund was launched in the history of 12 of July of this batch of the loan allocated for Iraq and the $ 634 million out of the total amount of 5.3 billion dollars.”

He added that “Iraq will receive this year in two installments of $ 2 billion, one in the next month of September, and the second at the end of this year to support the Iraqi budget and the economic sector in general within the fund, which will be extended to 36 months, which expires in August 2019 program.”

He noted that “the loan for five years on all installments payable after five years from the date of receipt of an interest rate (1.5%) and that on the top priorities of the Fund program is the reform of financial administration in Iraq and governance of financial operations in terms of payment systems and the transparency of financial data and amending some laws financial, including financial management and adjustment of the integrity Commission Act in line with the United Nations anti-corruption law. ”

“The first batch received by Iraq of the loan will go to the gates of exchange in the budget, the doors of social exchange such as social welfare, health, education and the ration card and the affairs of the displaced and then comes the other requirements.”

ibnnews.net

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rcookie (Dinar Guru) – Article: “Jabouri to calls for the nomination of the names of the committee to amend the constitution within one week” THIS IS HUGE…THE TABLE IS SET AND GROUNDWORK LAID FOR THE COMMITTEE TO OVERSEE CHANGES TO IRAQI CONSTITUTION THAT ARE ON TABLE AND CUED UP… CONSTITUTIONAL AMENDMENT AND REVIEW COMMITTEE NAMED TODAY…THEY HAVE SET THE TABLE FOR THE PARLIAMENT TO GET DONE WHAT THEY NEED TO…70 PLUS LAWS ON TABLE…INCLUDING ONES THAT INVOLVE CONSTITUTIONAL AMENDMENT…

Read More: http://www.dinarupdates.com/observer/
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rcookie (Dinar Guru) – […does anyone know what we would like to see happen with Turkey… to help with our investment…Who do we want in control of Turkey?] Personally – one way or the other, I don’t think it matters that much… [you do not think what happen over turkey will cause a problem with our investment…?] I do not.

Read More: http://www.dinarupdates.com/observer/
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(photo: Sabah Arar/REX/ Newscom)

Iraqi dinars are exchanged for dollars at the busy Shorga market in Baghdad, Iraq: a key
priority in the new program is maintaining the exchange rate peg to the U.S. dollar, says IMF (photo: Sabah Arar/REX/Newscom)

Iraq Gets $5.34 Billion IMF Loan to Support Economic Stability

Iraqi economy faces double shock of lower oil prices, rising security challenges
IMF loan supports Iraqi government’s economic reform program, ensures debt sustainability
Program includes measures to protect the poor, curb corruption