Dinar Daily NEWS Blog – May 26th

Posted on May 26, 2017 by BGG

Bank across Iraq holds a meeting of the General Assembly

On Thursday morning, the General Assembly of the Trans-Iraq Bank held its headquarters in Baghdad.

The bank’s general assembly discussed the report of the board of directors for the fiscal year ended 31/12/2016 and approved it, noting that the auditor’s report on the budget for the financial year ended 31/12/2016 was discussed. And ratification.

The statement added that auditors were appointed for the bank for the year 2017 and determine the wages according to the regulations of the Council of the profession.
He explained that the distribution of profits for the year 2016, amounting to (9 billion) nine billion Iraqi dinars.

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Revealed: Parliament to question Abadi on fate of US troops in Iraq

Member of Iraqi parliament’s Security and Defense Committee Iskander Watut said on Wednesday that the committee aims to meet with Prime Minister Haider al Abadi to inquire on US troops’ presence in Iraq.

In statements to on a TV station, Watut said that the committee will meet with the prime minister soon to ask him about the US troops in Iraq and their fate.

Earlier, security sources told The Baghdad Post that additional US troops have been deployed to Ain al-Assad military base in Anbar province in western Baghdad.

Meanwhile, media reports said that Trump Administration is in talks with the Iraqi government about keeping US troops in Iraq after the fight against ISIS in the country is over while Abadi’s media office released a statement denying any Iraqi government agreements with Washington about keeping US troops in the post-ISIS era.

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National reconciliation ‘key to Iraq’s stability’ – Jabouri

It is time to commence community reconciliation project and inculcate tolerance and coexistence in the Iraqi society, Iraqi Parliament Speaker Salim al-Jabouri said on Thursday, adding that these points are key to Iraq’s security and stability.

During a meeting with a number of tribal leaders and dignitaries in Baghdad, al-Jabouri stated that tribes play a significant role in maintaining Iraq’s unity and social fabric by addressing causes of division.

He pointed out that the Iraqi parliament is keen on supporting tribes and other concerned parties’ efforts to achieve unity by passing laws in the interest of all Iraqi citizens without exception.

In an earlier statement, Iraqi Parliament speaker said that security and stability cannot be achieved without Iraqi displaced families’ return to their districts and cooperation between the security apparatuses and citizens.

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Kaperoni (Dinar Guru) – …we all know the dinar is pegged to the dollar… […wouldn’t Iraq have to/want to be in Article VIII compliance before they unpegged?] I can only speculate based on the IMF docs that I have read. But I would assume so…because the raising of the value of the dinar is directly related to investment in the market economy. And without Article VIII, there is no foreign investment. Remember, the key to this is the activation of the CBI’s Capital Account which is the pipeline of sorts for money flowing in and out of Iraq. Once in Article VIII, foreign investors/ investment will begin to participate in rebuilding and privatizing Iraq. Money will be deposited into bank accounts, flow through the CBI’s Capital Account and if the dinar is not pegged, will begin to move upwards to offset inflationary pressure created by the influx of economic activity (thus the Balassa-Samuelson effect)... There are no shortcuts. The CBI needs to get in compliance with the IMF so they can transition out of Article XIV. They need deposit insurance. Once that happens, we should see things begin to move fast.

Read more: http://www.dinarupdates.com/observer
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Iraq is preparing to launch a second round of Treasury bonds

Central Bank Governor Ali al-Alak announced on Thursday that the bank is ready to offer the second batch of treasury bonds by one billion dollars to international banks.

“Bonds that were guaranteed by the US government were floated and sold for $ 1 billion. This guarantee helped cut the interest rate to about 2 percent or slightly more,” Alaq said in a news interview.

Al-Alak added that “Iraq has an intention to raise another billion, and this goal from the beginning and according to the budget law to raise $ 2 billion, so as not to be high interest costs guaranteed the United States billion dollars to be the other billion market interest combined with other interest, “This is helping to reduce interest rates,” he said, adding that “preparations are being made for the issuance of these bonds to international banks.”

He stressed the “absence of any conditions or dictations on Iraq by the IMF and the World Bank on the issue of loans,” noting at the same time that “the reserves of hard currency comfortable and reassuring in accordance with international standards.”

He pointed to the “Iraq’s success in moving to the rank of follow-up member according to the international classification of international financial transactions after he was threatened years ago on the black list.”

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Central bank sales of the dollar fell in the auction today

Trend Press / Baghdad The sale of foreign currency by the Central Bank of Iraq (CBI) on Wednesday fell to 150 million dollars, while 153 million dollars were recorded yesterday.

A statement by the bank obtained “Trend Press” a copy of it, “The volume of the amount sold today amounted to 150 million, 321 thousand, and 47 dollars, the exchange rate of 1182 dinars per dollar, with the participation of 40 banks and 10 companies for financial transfer.”

The statement said that “the sale of amounts transferred to the accounts of banks abroad, as well as the sale of cash was the price of 1190 dinars per dollar.”

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Kaperoni (Dinar Guru) – Artile: “Experts: float the currency needs to be a productive economy and not Rieia (rentier)” Quote: “…to float the currency now in Iraq can not talk about that simple, as needed to advance measures…it could be done if the transformation of the Iraqi economy from a yield to productive…” This is actually a really good article because they state very clearly that under the current conditions they cannot float the dinar…and only once the market economy begins can they do so. So we continue to wait for Iraq to set the stage for investment. Pass the needed laws, get the dinar in compliance with the IMF, etc. to move to Article VIII. Only then will we see the dinar float and rise based on market forces. I am hopeful that yet this year we can see that happen.

Read more: http://www.dinarupdates.com/observer
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Abadi: We discussed with the Saudi side the mechanisms of controlling oil prices in the global market

Prime Minister Haider al-Abadi said that he discussed with Saudi Oil Minister Khalid Al-Faleh the mechanisms of controlling the oil prices in the world market, while stressing that Iraq’s relations with all neighboring countries are “good”.

“We discussed with the Saudi side the mechanisms of controlling oil prices in the global market,” Abadi said at his weekly press conference.

On February 22, 2017, Saudi Oil Minister Khalid al-Faleh arrived in Baghdad on an official visit during which he met with Prime Minister Haider al-Abadi and Oil Minister Jabbar al-Allaibi.

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Crude oil rises ahead of OPEC meeting

LONDON (Reuters) – Oil prices rose in European trading on Wednesday for a sixth consecutive session, gaining more ground on the back of OPEC’s possible extension of production cuts for another nine months when it meets on Thursday.

London Brent crude futures for July delivery rose 20 cents to $ 54.35 a barrel, after hitting a 19-year high of $ 54.43 the previous day.

Oil ministers from the Organization of the Petroleum Exporting Countries and other major producer countries will meet in Vienna on Thursday to decide whether to extend the current production agreement beyond June 30.

In November last year, the Organization of Petroleum Exporting Countries (OPEC) and 11 other non-OPEC countries, including Russia, agreed to cut production by 8.1 million bpd between January 1 and June 30.

Most market analysts expect the oil sector to extend production cuts for another nine months until March 2018 instead of six months as previously expected.

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BGG (Dinar Guru) – I am very excited about the current state of things. I am very excited about the next short time frame… I think we are in an incredible window of time right now…and I do feel – if things advance as they have been – we could be very, very close. Maybe not today or tomorrow, but legitimately CLOSE. Unlike ever before. (keep in mind – we have been close before – the CBI had planned on 2013? sometime and put it off). According to the SIGR Report. We are close. REAL CLOSE.

Read more: http://www.dinarupdates.com/observer
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Industry: We want to cooperate with the UAE in the field of energy

Economy News BAGHDAD, He confirmed minister Industry And minerals Mohammed Ayaa Sudanese, Wednesday, desire Iraq Cooperation With Country United Arab Emirates at fields energy Multiple, Indicating to have Iraq Centers Research Specialized And sophisticated .

And he said Declaration Journalist To the Ministry Industry Received ” economy News ” version from him, That ” Sudanese he met During His visit Current to me Country United Arab Emirates Arabic United Nations Bockel Ministry energy Doctor rain Neyadi And search Frames Cooperat Common at fields energy Different And possibility Support Capacity Iraq Specialized by this the field In the presence of Delegation Iraq the official Which Includes President body Investment And the counselor Economic development To the President Ministers Number From Officials Governmental organizations And men Business Iraqis addition to me actor Ministry Foreign Affairs at Country United Arab Emirates And Ambassador Republic of Iraq at Abu Abu Dhabi .

He drew To ” desire the government Cooperation With Country United Arab Emirates at fields energy Multiple And their uses From During exchange Of experience Transfer Technology And benefit From Experiments Successful at Country United Arab Emirates by this Domain ” , Pointing out to me That ” Iraq Owned Centers Research Specialized And sophisticated at fields energy And cadres Enough And Experiences Accumulated “.

“It is important Use Experiences Experiences Arabic And foreign To develop this is Possibilities And upgrading In the centers And studies Research And scientific As a pillar Basic And important To implement Projects Pioneer Serving And contribute at Investigation Development Economic . ”

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“I have been driven many times upon my knees by the overwhelming conviction that I had no where else to go.”

Abraham Lincoln

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Iraqi troops recapture half of biggest western Mosul district

Iraqi troops have gained control on part of the biggest west Mosul district and killed a number of Islamic State militants in an airstrike.

In statements on Friday, the War Media Cell quoted the Nineveh Operations Commander, Lt.Gen. Abdul Amir Yarallah, as saying that the 9th armored division retaken the northern part of 17 Tamuz (July 17) in the western side of Mosul.

In other statements, WMC said dozens of IS fighters were killed in airstrikes in western Mosul.

Iraqi fighter jets launched several airstrikes that destroyed booby-trapping workshop and vehicles and killed dozens of militants on Rifaie district.

“An IS headquarter and booby-trapping workshop were destroyed, while dozens of militants were killed on al-Zanjili district,” the statement added.

Iraqi forces have been sweeping through northwestern neighborhoods over the past two weeks in a way to invade the strategic Old City.

More than 16,000 IS members were killed since beginning of operations in Mosul, Brigadier General Yahya Rasool, the military spokesperson, said in a press conference on Tuesday declaring that 89.5 percent of western Mosul was liberated with only a few districts remaining under the militants’ control.

Eastern Mosul was liberated in January after three months of battles. Another major offensive was launched in February to retake the western side.

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U.N. says 200,000 more people could flee Mosul as fighting intensifies

The United Nations said on Thursday up to 200,000 more people could flee Mosul as Iraqi forces push into the last districts held by Islamic State militants.

Iraqi authorities and aid agencies are already struggling to cope with a surge in displacement since security forces opened a new front against the militants in Mosul earlier this month.

Backed by a U.S.-led coalition, Iraqi forces have dislodged Islamic State from all but about 12 square km (5 square miles) of the city and are seeking to claim victory before the holy month of Ramadan in less than two weeks.
The militants, however, still control the Old City, where they are expected to make their last stand in the densely populated, narrow streets that are impassable for armored vehicles.

“As military operations intensify and move closer to Mosul’s Old City area, we expect that up to 200,000 more people will flee,” Lise Grande, the U.N.’s Humanitarian Coordinator for Iraq said in a statement, describing the figures as “alarming”.

“The numbers of people who are moving are now so large, it’s becoming more and more difficult to ensure civilians receive the assistance and protection they need.”

Nearly 700,000 people have fled Mosul since the start of the campaign to retake the city last October, seeking refuge either with friends and relatives or in camps.
Human Rights Watch said on Thursday the Iraqi army and other local security forces had forced over 300 displaced families to return to districts of Mosul that are still at risk of attack by Islamic State.

“These families should not be forcibly returned to unsafe areas and areas that lack adequate water, food, electricity, or health facilities,” said Lama Fakih, deputy Middle East director at Human Rights Watch.

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Al-Rashid: Our predecessor to pensioners up to 3 million dinars

Al-Rasheed Bank announced on Thursday that it is providing advances to retirees up to 3 million dinars, stressing that the borrower must have a smart card from the bank exclusively.

The bank’s assistant director Muataz Abdul Rasul said that “the bank is still continuing to grant advances to retirees according to his pension and the amounts ranging between one million and 500 thousand dinars and two million dinars and three million dinars.”

Abdul Rasul said that “the interest on these advances up to 7% and the duration of payment of five years,” stressing that “the pensioner must be a smart card from the bank exclusively.”

It is worth mentioning that the Bank of Rasheed started in 2017 by granting salaries to employees of ten salaries according to certain mechanisms and controls.

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Economist: The decline in reserves of the Central Bank came because of the bank’s entry as a financier of many banks

The economic expert Bassem Jameel Antoine, said today that the decline in the reserve of the Central Bank came due to the entry of the bank as financier of many banks to save the process of development and economic decline.

Antoine said in an interview for the “trend” He added that “the central bank gave treasury bonds to the Iraqi government to fill the deficit of 21 billion dollars, the equivalent of 21 trillion dinars,” noting that “the Iraqi economy in decline in revenue due to low oil prices.”

“The Iraqi economy needs radical treatments through its transformation from consumer to producer through the activation of the productive sectors of agriculture, industry and tourism.”

He pointed out that “If these amounts withdrawn from the Central Bank for development purposes acted to develop the productive sectors and the private sector in particular Vakhov and consider the economy is good,” noting that “the amounts paid to salaries and non-productive sectors and does not cover the rate of interest you borrow is a mistake.”

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BGG (Dinar Guru) – Article: “Iraq offers compensation settlement and Kuwaiti debt against investment” Quote: “…the meeting also discussed the file of compensation with the State of Kuwait and ways to settle through the window of investment inside Iraq.“. two separate items talked about – how to pay back Kuwait (not to be confused with) – their eagerness to settle investments inside Iraq? One of the big problems needing dealt with – is they have few mechanisms in place to safe guard investors. Why would the IMF care about Iraqi investors. They don’t – this is referring to OUTSIDE investors. Period. Really good news – entering final talks – it appears.

Read more: http://www.dinarupdates.com/observer/
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Kaperoni (Dinar Guru) – Article: “ATMs for MasterCard card users” …it is fun to watch all the pieces be put in place for the economy to take off. Iraq is literally going from the stone age to the 21st century with technology in a few years.

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Adam Montana (Dinar Guru) – [What will happen to the other major currencies when the CBI RV’s the IQD/USD exchange rate? The countries using the EUR, the GBP, the CHF, the JPY, and the CNY all have international corporations invested in Iraqi oil with contracts based on today’s exchange rates. How will a radical upward IQD/USD RV (which effectively decreases the value of the USD against the IQD) affect the EUR/USD and the GBP/USD and the CHF/USD and the JPY/USD and the CNY/USD exchange rates? Will these other major global currencies also be devalued and what in your opinion will that do to an already stressed global economy?] This is a great question, because it opens up the floor to discuss how an RV is really a zero-sum game, mostly because we are talking about a fiat currency. When the FED prints more USD, we don’t actually gain that money. It just dilutes the dollar a little bit more. IQD, and an RV of the currency, works the same way, just on a global scale. My opinion is that almost every other currency will take a slight hit, and then rebound once the IQD rate stabilizes, and within about a month all currencies will be back to normal… except the IQD will be dramatically different than it was a month prior.

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Iraqi Dinar/Dollar auction 05-25-17 (most recent listing)

Currency Auctions Announcement No. 3450

This daily currency auction was held in the Central Bank of Iraq on the 05-25-2017

DETAILS	NOTES
Number of banks	38
Number of remittance companies	10
Amount sold at auction price (US$)	158,102,404
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	158,102,404
Total offers for selling (US$)	—–

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

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CURRENCY	CODE	SELL	BUY
US dollar	USD	1184.000	1182.000
Euro	EUR	1325.251	1324.589
British pound	GBP	1534.701	1533.933
Canadian dollar	CAD	879.643	879.204
Swiss franc	CHF	1212.742	1212.136
Swedish krona	SEK	135.872	135.804
Norwegian krone	NOK	141.220	141.149
Danish krone	DKK	178.088	177.999
Japanese yen	JPY	10.590	10.585
Special Drawing Rights	SDR	1635.116	1634.298

Indicative rates – 05.25.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – May 25th

Posted on May 25, 2017 by BGG

Two villages freed, west of Mosul, as PMUs resume advance toward Baaj

The paramilitary troops have resumed their advance to liberate villages in west of Qairawan region as well as Baaj, west of Mosul, reaching to Syrian borders.

The media service of al-Hashd al-Shaabi (Popular Mobilization Units) said troops “freed on Thursday Arfee’ al-Awal village, northeast of Qairawan, inflicting huge losses on the enemy.”

“The 11th brigade liberated al-Wahbi village, northeast of Baaj,” the troops declared saying a booby-trapped vehicle was destroying while trying to hinder the forces advance.

According to the statements, the PMUs followed seven vehicles of Islamic State that attempted fleeing Wahbi toward Maghsal village “All the vehicles were equipped with guns, while only one was booby-trapped.”

PMUs resumed on Wednesday evening the second phase of operations to liberate the remaining villages in the vicinity of Qairawan and Baaj.

On Tuesday, the paramilitary troops announced full liberation of Qairawan.

Many villages in Qairawan region, a main Islamic State bastion which links between Tal Afar town and the Syrian borders, have been freed since the troops launched an offensive on May 12 to free the region. Last week the troops announced liberated of Sahl Sinjar airbase, located south of Qairawan, in addition to cutting off a main supply route between the freed Tal Banat village and Qairawan.

Read more: http://www.dinarupdates.com/showthread.php?49502-Two-villages-freed-west-of-Mosul-as-PMUs-resume-advance-toward-Baaj
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Revealed: Parliament to question Abadi on fate of US troops in Iraq

In statements to on a TV station, Watut said that the committee will meet with the prime minister soon to ask him about the US troops in Iraq and their fate.

Earlier, security sources told The Baghdad Post that additional US troops have been deployed to Ain al-Assad military base in Anbar province in western Baghdad.

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National reconciliation ‘key to Iraq’s stability’ – Jabouri

He pointed out that the Iraqi parliament is keen on supporting tribes and other concerned parties’ efforts to achieve unity by passing laws in the interest of all Iraqi citizens without exception.

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Read more: http://www.dinarupdates.com/observer
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Iraq is preparing to launch a second round of Treasury bonds

Central Bank Governor Ali al-Alak announced on Thursday that the bank is ready to offer the second batch of treasury bonds by one billion dollars to international banks.

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Central bank sales of the dollar fell in the auction today

Trend Press / Baghdad The sale of foreign currency by the Central Bank of Iraq (CBI) on Wednesday fell to 150 million dollars, while 153 million dollars were recorded yesterday.

The statement said that “the sale of amounts transferred to the accounts of banks abroad, as well as the sale of cash was the price of 1190 dinars per dollar.”

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Read more: http://www.dinarupdates.com/observer
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Abadi: We discussed with the Saudi side the mechanisms of controlling oil prices in the global market

“We discussed with the Saudi side the mechanisms of controlling oil prices in the global market,” Abadi said at his weekly press conference.

On February 22, 2017, Saudi Oil Minister Khalid al-Faleh arrived in Baghdad on an official visit during which he met with Prime Minister Haider al-Abadi and Oil Minister Jabbar al-Allaibi.

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Crude oil rises ahead of OPEC meeting

London Brent crude futures for July delivery rose 20 cents to $ 54.35 a barrel, after hitting a 19-year high of $ 54.43 the previous day.

Most market analysts expect the oil sector to extend production cuts for another nine months until March 2018 instead of six months as previously expected.

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Read more: http://www.dinarupdates.com/observer
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Industry: We want to cooperate with the UAE in the field of energy

______________________________________________________________

“I have been driven many times upon my knees by the overwhelming conviction that I had no where else to go.”

Abraham Lincoln

______________________________________________________________

Iraqi troops recapture half of biggest western Mosul district

Iraqi troops have gained control on part of the biggest west Mosul district and killed a number of Islamic State militants in an airstrike.

In other statements, WMC said dozens of IS fighters were killed in airstrikes in western Mosul.

Iraqi fighter jets launched several airstrikes that destroyed booby-trapping workshop and vehicles and killed dozens of militants on Rifaie district.

“An IS headquarter and booby-trapping workshop were destroyed, while dozens of militants were killed on al-Zanjili district,” the statement added.

Iraqi forces have been sweeping through northwestern neighborhoods over the past two weeks in a way to invade the strategic Old City.

Eastern Mosul was liberated in January after three months of battles. Another major offensive was launched in February to retake the western side.

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U.N. says 200,000 more people could flee Mosul as fighting intensifies

The United Nations said on Thursday up to 200,000 more people could flee Mosul as Iraqi forces push into the last districts held by Islamic State militants.

Iraqi authorities and aid agencies are already struggling to cope with a surge in displacement since security forces opened a new front against the militants in Mosul earlier this month.

“The numbers of people who are moving are now so large, it’s becoming more and more difficult to ensure civilians receive the assistance and protection they need.”

______________________________________________________________

Al-Rashid: Our predecessor to pensioners up to 3 million dinars

Al-Rasheed Bank announced on Thursday that it is providing advances to retirees up to 3 million dinars, stressing that the borrower must have a smart card from the bank exclusively.

Abdul Rasul said that “the interest on these advances up to 7% and the duration of payment of five years,” stressing that “the pensioner must be a smart card from the bank exclusively.”

It is worth mentioning that the Bank of Rasheed started in 2017 by granting salaries to employees of ten salaries according to certain mechanisms and controls.

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Economist: The decline in reserves of the Central Bank came because of the bank’s entry as a financier of many banks

“The Iraqi economy needs radical treatments through its transformation from consumer to producer through the activation of the productive sectors of agriculture, industry and tourism.”

______________________________________________________________

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

______________________________________________________________

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

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

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

______________________________________________________________

Iraqi Dinar/Dollar auction 05-25-17 (most recent listing)

Currency Auctions Announcement No. 3450

This daily currency auction was held in the Central Bank of Iraq on the 05-25-2017

DETAILS	NOTES
Number of banks	38
Number of remittance companies	10
Amount sold at auction price (US$)	158,102,404
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	158,102,404
Total offers for selling (US$)	—–

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

______________________________________________________________

CURRENCY	CODE	SELL	BUY
US dollar	USD	1184.000	1182.000
Euro	EUR	1325.251	1324.589
British pound	GBP	1534.701	1533.933
Canadian dollar	CAD	879.643	879.204
Swiss franc	CHF	1212.742	1212.136
Swedish krona	SEK	135.872	135.804
Norwegian krone	NOK	141.220	141.149
Danish krone	DKK	178.088	177.999
Japanese yen	JPY	10.590	10.585
Special Drawing Rights	SDR	1635.116	1634.298

Indicative rates – 05.25.2017

http://www.cbi.iq

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

Thanks – BGG!!

www.DinarUpdates.com

Posted in Daily Dinar Updates | Tagged Dinar, Dinar Chat, dinar detectives, Dinar Guru, dinar gurus, Dinar Info, Dinar News, dinar recaps, dinar recaps blog, Dinar RV, dinar to usd, dinar updates, dinar value, dinar vets, IQD, Iraqi Dinar, Observer, Recaps, Revaluation, Updates, VND | Comments Off

Dinar Daily NEWS Blog – May 24th

Posted on May 24, 2017 by BGG

UN envoy to Iraq: Liberation of Mosul imminent, ISIS days numbered

With the liberation of Mosul imminent, the international community must maintain a dual focus on defeating the remaining ISIS terrorists in Iraq, and on working towards post-conflict security and reconstruction, the United Nations envoy for Iraq Jan Kubis told the Security Council

Kubis went on to stress that the imminent defeat of ISIS must also provide an urgent impetus to address the needs of minorities, especially their ability to return to their homes

The return of all internally displaced persons to all liberated areas must be a top priority as should tackling increasing incidents of kidnapping and paying sustained attention to upcoming elections in 2017 and 2018

National reconciliation can only succeed if it reflects the aspirations of the population including women and youth,” he said.

Kubis also Urged Baghdad and Erbil to leverage their joint efforts against ISIS and to address such issues as border disputes and building a functional federation based on partnership Kubis noted that senior officials in Kurdistan recently announced their intention to hold a referendum on the region’s future later in 2017

They had indicated, he continued, that their aim was to show the world the will of the people” on the status of Kurdistan, rather than assert independence immediately

Noting that the overall rule of law remained weak, Kubis said kidnapping was becoming an increasing problem recalling that the National Intelligence Cell had met on 11 May to discuss the link between terrorism and organized crime including kidnapping. The international community must vigorously pursue accountability for crimes committed by ISIS in Iraq he said.

Meanwhile, the issue of internally displaced persons remained critical with some 700,000 people having fled their homes since mid-October he noted. Hundreds of thousands of others remain in ISIS-controlled areas, suffering lack of food and water and often finding themselves caught in crossfire.

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US general: Kurdistan’s independence is only ‘matter of time‘

The independence of Kurdistan Region from Iraq has become only a matter of time, the director of the US Defense Intelligence Agency Lieutenant General Vincent R. Stewart said in a US media statement on Tuesday.

The Kurds are planning to hold a referendum towards the independence to determine their destiny this year.

Stewart’s statement coincided with the high-level Kurdish delegation headed by President of the Iraqi Kurdistan Region Masoud Barzani visit to Washington to discuss with the decision makers in the White House about security and political issues, including the referendum issue.

Prominent Iraqi politician Hajim al-Housni commented on Kurdistan region’s referendum saying that he has known that the Kurdish people want to establish their own independent state.

He added that this requires negotiations between Baghdad and Erbil.

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Read more: http://www.dinarupdates.com/observer
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Parliament postpones amnesty amendment and reads law for parliamentary elections

The House of Representatives ended yesterday, the first reading of the draft law the first amendment to the law of the elections of the House of Representatives, while postponing the vote on the draft amendment to the first law of amnesty.

Parliament Speaker Salim al-Jubouri announced the completion of the formalities of six requests for questioning.

This came during the session of the House of Representatives thirty-sixth held on Tuesday, headed by Jubouri and attended by 170 deputies, according to a statement.

The session witnessed the vote on a draft law to include the Judicial Institute to the Supreme Judicial Council with the aim of linking the Judicial Institute with the Higher Judicial Council as the body responsible for the preparation of judges and prosecutors.
The Council also proceeded to vote on the draft reform of the inmates and depositors, to be completed at a later session after the quorum.

During the session, MP Amer al-Khuzai, chairman of the committee of experts on the selection of the Electoral Commission Council, said that the committee “after intensive meetings completed the completion of the first phase to sort the candidates of the number of 118 candidates.” “The legislative holiday will be invested to send letters to the relevant state institutions on the eligibility of candidates for membership of the Commission.”

The Speaker of the Parliament directed the Committee to continue its work during the legislative holiday in order to interview the candidates and sort the names of candidates for membership of the Council of the Electoral Commission.

In the course of the session, the Speaker of Parliament revealed that “the House of Representatives 6 requests for questioning fulfilled its formal procedures.”

Al-Jubouri added that “the issue of Asanid revolutions around the question of granting the Minister questioned whether or not,” noting that “the House of Representatives submitted to the Federal Court an inquiry on the grounds and mandatory sent to the minister questioned, and the decision of the Federal Court that the requirements to answer questions asked the Minister questioned to provide questions And the documents and documents, on which the interrogation was based, to keep the origin of the evidence and evidence in the treasury of the House of Representatives.

Jubouri said that “the presidency of the Council will send all the questions to the interrogators for the purpose of scheduling dates for questioning,” stressing that “the House of Representatives is committed to hold the interrogators to be informed of the person questioned with the basil provided to him.”

The parliament also postponed the vote on the first amendment to the general amnesty law No. (27) for the year 2016. The parliament also ended the first reading of the draft law of the first amendment to the law of elections of the Iraqi Council of Representatives No. (45) for the year 2013 submitted by the Legal Committee.

In the meantime, MP Ammar Tohma, head of the Virtue bloc, criticized the version sent by the government to the law of parliamentary elections, considering that it is in the interest of large lists.

“It was supposed to be read the draft election law sent by the Presidency of the Republic instead of the draft law submitted by the government on the basis of Article (123) of the rules of procedure, which provided that the project is not true to The competent committees and then read it if it is preceded by a law dealing with the same subject, the elections. ”

The head of the Virtue bloc said that “the law of the Presidency of the Republic included a way to distribute seats more realistic and contribute to the expansion of political participation and stimulate the increase in the participation rate in the elections,” noting that “the adoption of the mechanism of distribution of seats on the highest vote of the candidates by (50% Of the seats in the constituency. ”

MP Ammar Tohma said that “the same project of the government included in some paragraphs the replacement of members and the distribution of seats within the list one of the highest voice among the candidates is further evidence on the reality of this proposal and achieve justice to a higher rate than the government project.”

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Central bank sales of the dollar fell in the auction today

Trend Press / Baghdad The sale of foreign currency by the Central Bank of Iraq (CBI) on Wednesday fell to 150 million dollars, while 153 million dollars were recorded yesterday.

The statement said that “the sale of amounts transferred to the accounts of banks abroad, as well as the sale of cash was the price of 1190 dinars per dollar.”

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Read more: http://www.dinarupdates.com/observer
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Abadi: We discussed with the Saudi side the mechanisms of controlling oil prices in the global market

“We discussed with the Saudi side the mechanisms of controlling oil prices in the global market,” Abadi said at his weekly press conference.

On February 22, 2017, Saudi Oil Minister Khalid al-Faleh arrived in Baghdad on an official visit during which he met with Prime Minister Haider al-Abadi and Oil Minister Jabbar al-Allaibi.

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Crude oil rises ahead of OPEC meeting

London Brent crude futures for July delivery rose 20 cents to $ 54.35 a barrel, after hitting a 19-year high of $ 54.43 the previous day.

Most market analysts expect the oil sector to extend production cuts for another nine months until March 2018 instead of six months as previously expected.

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Read more: http://www.dinarupdates.com/observer
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Industry: We want to cooperate with the UAE in the field of energy

______________________________________________________________

It’s said that no greater love has a man than this — that he should lay down his life for his friends.

Vice President – Mike Pence

______________________________________________________________

Iraqi troops recapture half of biggest western Mosul district

Iraqi troops have gained control on part of the biggest west Mosul district and killed a number of Islamic State militants in an airstrike.

In other statements, WMC said dozens of IS fighters were killed in airstrikes in western Mosul.

Iraqi fighter jets launched several airstrikes that destroyed booby-trapping workshop and vehicles and killed dozens of militants on Rifaie district.

“An IS headquarter and booby-trapping workshop were destroyed, while dozens of militants were killed on al-Zanjili district,” the statement added.

Iraqi forces have been sweeping through northwestern neighborhoods over the past two weeks in a way to invade the strategic Old City.

Eastern Mosul was liberated in January after three months of battles. Another major offensive was launched in February to retake the western side.

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U.N. says 200,000 more people could flee Mosul as fighting intensifies

The United Nations said on Thursday up to 200,000 more people could flee Mosul as Iraqi forces push into the last districts held by Islamic State militants.

Iraqi authorities and aid agencies are already struggling to cope with a surge in displacement since security forces opened a new front against the militants in Mosul earlier this month.

“The numbers of people who are moving are now so large, it’s becoming more and more difficult to ensure civilians receive the assistance and protection they need.”

______________________________________________________________

Al-Rashid: Our predecessor to pensioners up to 3 million dinars

Al-Rasheed Bank announced on Thursday that it is providing advances to retirees up to 3 million dinars, stressing that the borrower must have a smart card from the bank exclusively.

Abdul Rasul said that “the interest on these advances up to 7% and the duration of payment of five years,” stressing that “the pensioner must be a smart card from the bank exclusively.”

It is worth mentioning that the Bank of Rasheed started in 2017 by granting salaries to employees of ten salaries according to certain mechanisms and controls.

______________________________________________________________

Economist: The decline in reserves of the Central Bank came because of the bank’s entry as a financier of many banks

“The Iraqi economy needs radical treatments through its transformation from consumer to producer through the activation of the productive sectors of agriculture, industry and tourism.”

______________________________________________________________

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

______________________________________________________________

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Iraqi Dinar/Dollar auction 05-24-17 (most recent listing)

Currency Auctions Announcement No. 3449

This daily currency auction was held in the Central Bank of Iraq on the 05-22-2017

DETAILS	NOTES
Number of banks	39
Number of remittance companies	10
Amount sold at auction price (US$)	150,321,047
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	150,321,047
Total offers for selling (US$)	—–

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

______________________________________________________________

CURRENCY	CODE	SELL	BUY
US dollar	USD	1184.000	1182.000
Euro	EUR	1327.856	1327.192
British pound	GBP	1535.293	1534.525
Canadian dollar	CAD	874.575	874.138
Swiss franc	CHF	1218.985	1218.375
Swedish krona	SEK	136.374	136.306
Norwegian krone	NOK	141.623	141.553
Danish krone	DKK	178.380	178.291
Japanese yen	JPY	10.659	10.654
Special Drawing Rights	SDR	1637.946	1637.127

Indicative rates – 05.24.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – May 23rd

Posted on May 23, 2017 by BGG

US to provide $106 million funding to improve services in Iraq

US administration will provide $106 million in funding for “Taqadum” project to improve local services in Iraq, US Embassy in Baghdad said on Tuesday.

In a press statement, the US Embassy in Iraq noted that Stefanie Williams, Deputy Chief of Mission at the US Embassy in Baghdad and Maria Longi, US Agency for International development (USAID)’s Acting Assistant Administrator of the Bureau for the Middle East, have attended a final workshop of the joint American-Iraqi project entitled “Taqadum”.

The $106 million initiative will help the Iraqi local authorities to improve public services by implementing Law No. 21 as amended, giving local authorities and governorate authorities more powers to meet the needs of Iraqi citizens, the statement added.

Williams, Deputy Chief of Mission at the US Embassy in Baghdad, said that good governance and economic growth are inextricably linked and mutually reinforce each other.

She also noted that they are both the key to Iraq’s stability and welfare and prosperity of its people.

USAID’s governance strengthening project will be implemented through cooperation with the central government and governorates governments to develop their capacities in providing basic services to the Iraqi people, she added.

Read more: http://www.dinarupdates.com/showthread.php?49421-US-to-provide-106-million-funding-to-improve-services-in-Iraq
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Breitling (Dinar Guru) – …these countries, they’re pulling their businesses together because they want western style bank accounts. It’s that simple. You have Iraq, Saudi Arabia and all these guys where the elite live like kings and everyone else is second rate citizens. And then they look at Dubai and Abu Dhabi and all these guys and they say, “how come we can’t have that? We’re doing the same thing. We’re following the same laws and worship the same God.”…they are going to put together a new economy. Guess what? You and I are right in the middle of it. Not only that but you can’t have access to the middle east unless you go through Iraq.

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Parliamentary Finance: Iraq is able to pay its debts

BAGHDAD (Reuters) – Iraq’s parliamentary finance committee confirmed on Monday that Iraq was able to pay the debts owed by it, pointing out to the high classification of Iraq by international agencies.

A member of the Committee Jabbar al-Abbadi, in a statement, received / Mawazin News, a copy of it, “that Iraq is able to pay the debts owed by the fulfillment of its obligations and evidence of this high credit classification of Iraq according to international agencies,” noting that ” The majority of Iraq and the amount borrowed by this little government as well as that the loans taken not only for the purpose of operational projects, but were investment to be able to pay the debt.

Abadi pointed out that “the mechanism followed by the government was clear that these amounts for investment projects to meet the government’s obligations,” pointing out that “the debt was a few benefits and comfortable and a good proportion of institutions and international banks to support the budget.”

He explained that “some try to link the public debt to Iraq’s current government and current circumstances, but the public debt of the country is estimated at 111 billion dollars and foreign debt reached until 2014, nearly 56 billion, after that date, Iraq borrowed only 12 billion and borrowed externally “Noting that” the amount of 56 billion, some of them before 2003 and amounted to about 41 billion, which is outside the Paris Club and was not subject to the settlement that took place in the club and that most of the countries that have been borrowed from him has not claimed until now. ”

Abadi said, according to the statement, that “the remaining debt of up to 40 billion or a little less, and internal debt was up to 50% before 2014,” noting that “the amount achieved from 2014 to 2016 came to pay the salaries of self-financing companies losing”.

Read more: http://www.dinarupdates.com/showthread.php?49396-Parliamentary-Finance-Iraq-is-able-to-pay-its-debts
______________________________________________________________

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______________________________________________________________

“Eye of Iraq” publishes the final communiqué of the Arab-American Islamic Summit

The Arab summit held in Riyadh on Sunday called for building a close partnership between countries to confront “extremism and terrorism” and welcoming 34,000 troops as a reserve force to support operations against “terrorism” in Iraq and Syria.

“We must build a close partnership between the participating countries to confront extremism and terrorism, and the leaders reaffirm their countries’ firm commitment to fighting terrorism in all its forms,” the statement said.

It also included “an agreement among the participating countries to address the intellectual roots of terrorism and the drying up of its sources of funding, and to commend the exchange of information on foreign fighters and movements of terrorist organizations.”

The leaders welcomed the “establishment of a global center based in Riyadh to counter extremist ideology.”

The final statement “commends the exchange of information on foreign fighters and the movements of terrorist organizations, as well as the importance of progress towards a political settlement of conflicts.”

The statement also included “welcoming 34,000 troops as a reserve force to support operations against terrorism in Iraq and Syria.”

The Arab American Islamic Summit in Saudi Arabia ended on Sunday evening.

The summit took place on Sunday afternoon in the presence of leaders from more than 50 countries, including President Fuad Masum and US President Donald Trump.

Read more: http://www.dinarupdates.com/showthread.php?49350-quot-Eye-of-Iraq-quot-publishes-the-final-communiqu%E9-of-the-Arab-American-Islamic-Summit
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Saudi Arabia, Iraq discuss Economic Cooperation

Prime Minister Haider Al-Abadi received the Saudi Arabian Minister of Energy, Industry and Mineral Resources, Khalid bin Abdul Aziz al-Faleh, and his accompanying delegation in his office on Monday.

During the meeting, they discussed boosting cooperation in the oil sector, industry, petrochemicals, electricity, minerals, trade and banks, as well as reviewed cooperation to support OPEC oil prices.

His Excellency Prime minister Dr. Haider Al-Abadi stressed the importance of expanding bilateral steady cooperation for the benefit of the two countries which would lead the region to a comprehensive development beneficial for all.

The Minister of Energy Khalid Al-Falih conveyed the greetings of the Saudi King and the officials in the Kingdom , their blessing for the achievement of Iraq’s victories, pointing out that to the importance of Iraq’s role in the region and the strenuous steps taken in all fields.

The Minister of Energy Khalid Al-Falih expressed the readiness of the Saudi companies to cooperate and invest in Iraq and Saudi’s market desire to obtain Iraqi products.

Read more: http://www.dinarupdates.com/showthread.php?49416-Saudi-Arabia-Iraq-discuss-Economic-Cooperation
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Read more: http://www.dinarupdates.com/observer
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OPEC price goes up despite market’s downward trend

The price of OPEC basket of thirteen crudes stood at $51.50 a barrel on Monday, compared with $50.87 the previous Friday, according to OPEC Secretariat calculations.

The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

This comes as oil prices fell on Tuesday after U.S. President Donald Trump proposed the sale of half the country’s strategic oil reserves, according to Reuters.

Brent crude futures LCOc1 were trading down 43 cents, or 0.8 percent, at $53.44 per barrel at 0643 GMT.

U.S. West Texas Intermediate (WTI) futures CLc1 were at $50.71, down 42 cents, or 0.8 percent.

Read more: http://www.dinarupdates.com/showthread.php?49420-OPEC-price-goes-up-despite-market-s-downward-trend

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Exclusive: Parts freed so far in Mosul explained on map

An updated version of Mosul’s map showing the latest developments in the battle to oust ISIS from occupied districts in the city’s right bank has been obtained by The Baghdad Post on Tuesday.

On the map, the spots marked in green represent the previously ISIS-held areas that have been liberated.

As the map shows, the white spots represent the parts of the war-torn city where ISIS is still controlling.

In Mosul, there are areas still witnessing clashes between the Iraqi forces, backed by international coalition, and ISIS terrorists. They are marked in orange on the map.

Only seven out of 54 neighborhoods have not liberated in Mosul’s right bank, a local official in Nineveh Governorate confirmed on Tuesday.

Meanwhile, ISIS has executed seven of its top leaders in Mosul upon their attempt to escape Mosul battles, a security source said.

In a statement, the Center said it renews its commitment to neutrality when covering stories of the battles and the other issues. Our aim is nothing but the truth, the statement concluded.

Publishing the maps relating to the progress of the Iraqi forces in Mosul is done after contacts with multiple military sources and local officials, it added.

Iraqi Forces launched a major offensive on 19th of February to retake the western part of Mosul after declaring total control of the eastern part of the city on 24th of January as part of the military operations to liberate the city that started on 17th of October 2016.

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

Oil prices rise to $ 54 a barrel

Crude oil prices continued to rise Monday, and Brent crude rose to $ 54 a barrel for the first time since April 18.

According to Russian media, “By 5.49 (Moscow time) the price of crude futures for the Brent North Sea crude oil futures contract reached $ 54.07 per barrel.”

The OPEC countries reached a meeting on November 30 last, an agreement to reduce the volume of oil production by (1.2) million barrels per day, starting in early 2017.

The non-OPEC countries agreed that the total reduction of their oil production would be 558,000 bpd, of which 300,000 barrels would be from Russia. ”

______________________________________________________________

It’s said that no greater love has a man than this — that he should lay down his life for his friends.

Vice President – Mike Pence

______________________________________________________________

Iraqi troops recapture half of biggest western Mosul district

Iraqi troops have gained control on part of the biggest west Mosul district and killed a number of Islamic State militants in an airstrike.

In other statements, WMC said dozens of IS fighters were killed in airstrikes in western Mosul.

Iraqi fighter jets launched several airstrikes that destroyed booby-trapping workshop and vehicles and killed dozens of militants on Rifaie district.

“An IS headquarter and booby-trapping workshop were destroyed, while dozens of militants were killed on al-Zanjili district,” the statement added.

Iraqi forces have been sweeping through northwestern neighborhoods over the past two weeks in a way to invade the strategic Old City.

Eastern Mosul was liberated in January after three months of battles. Another major offensive was launched in February to retake the western side.

______________________________________________________________

U.N. says 200,000 more people could flee Mosul as fighting intensifies

The United Nations said on Thursday up to 200,000 more people could flee Mosul as Iraqi forces push into the last districts held by Islamic State militants.

Iraqi authorities and aid agencies are already struggling to cope with a surge in displacement since security forces opened a new front against the militants in Mosul earlier this month.

“The numbers of people who are moving are now so large, it’s becoming more and more difficult to ensure civilians receive the assistance and protection they need.”

______________________________________________________________

Al-Rashid: Our predecessor to pensioners up to 3 million dinars

Al-Rasheed Bank announced on Thursday that it is providing advances to retirees up to 3 million dinars, stressing that the borrower must have a smart card from the bank exclusively.

Abdul Rasul said that “the interest on these advances up to 7% and the duration of payment of five years,” stressing that “the pensioner must be a smart card from the bank exclusively.”

It is worth mentioning that the Bank of Rasheed started in 2017 by granting salaries to employees of ten salaries according to certain mechanisms and controls.

______________________________________________________________

Economist: The decline in reserves of the Central Bank came because of the bank’s entry as a financier of many banks

“The Iraqi economy needs radical treatments through its transformation from consumer to producer through the activation of the productive sectors of agriculture, industry and tourism.”

______________________________________________________________

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

______________________________________________________________

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______________________________________________________________

Iraqi Dinar/Dollar auction 05-23-17 (most recent listing)

Currency Auctions Announcement No. 3448

This daily currency auction was held in the Central Bank of Iraq on the 05-22-2017

DETAILS	NOTES
Number of banks	40
Number of remittance companies	10
Amount sold at auction price (US$)	154,598,421
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	154,598,421
Total offers for selling (US$)	—–

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

______________________________________________________________

CURRENCY	CODE	SELL	BUY
US dollar	USD	1184.000	1182.000
Euro	EUR	1331.171	1330.506
British pound	GBP	1538.963	1538.194
Canadian dollar	CAD	878.078	877.639
Swiss franc	CHF	1219.236	1218.626
Swedish krona	SEK	135.809	135.742
Norwegian krone	NOK	142.033	141.962
Danish krone	DKK	178.844	178.754
Japanese yen	JPY	10.621	10.615
Special Drawing Rights	SDR	1637.732	1636.914

Indicative rates – 05.23.2017

http://www.cbi.iq

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

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Dinar Daily NEWS Blog – May 22nd

Posted on May 22, 2017 by BGG

“Eye of Iraq” publishes the final communiqué of the Arab-American Islamic Summit

The leaders welcomed the “establishment of a global center based in Riyadh to counter extremist ideology.”

The statement also included “welcoming 34,000 troops as a reserve force to support operations against terrorism in Iraq and Syria.”

The Arab American Islamic Summit in Saudi Arabia ended on Sunday evening.

The summit took place on Sunday afternoon in the presence of leaders from more than 50 countries, including President Fuad Masum and US President Donald Trump.

______________________________________________________________

Follow us on twitter @DinarUpdates !!

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______________________________________________________________

Joint operations of “Iraq Eye”: these remaining neighborhoods of Ayman Mosul

Baghdad / .. The spokesman for the Joint Operations Command Brigadier Yahya Rasul, Sunday, that the victory is very soon, specifying the neighborhoods that separate from the Mosul Declaration is fully liberated.

“The remaining neighborhoods of the right coast of the city of Mosul are completely surrounded by all sides and there is a constant targeting of elements of the organization calling the terrorist, and he is currently losing the system of leadership,” Rasul said. Time, and very soon the Iraqis will be happy to hear the news. ”

He pointed out that “the remaining neighborhoods, which are still under the control of Dahesh, the first recovery and health and Bab Sinjar, the field and the Farouk and simple parts of the brick door,” explaining that “these areas are densely populated and adjacent and difficult to advance the armored cars, so the forces progress slowly to protect civilians”.

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The Iraqi Trade Bank announces the opening of its branch in Ramadi

The Iraqi Trade Bank (TBI) announced on Monday the imminent opening of its branch in Ramadi after reconstruction.

The bank said in a statement received by the “Economy News” a copy of it, it will be with the help of the reopening of the branch of the Iraqi Bank for Trade (TBI) in the city of Ramadi to contribute to the reconstruction of liberated areas after the destruction caused by terrorist gangs.

“The return of the liberated areas is the responsibility of all and we believe that we will return to our people in Ramadi to serve them.

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The Association of Private Banks establishes a due diligence cycle in opening accounts

The Association of Iraqi Private Banks announced on Monday the launch of a training course entitled “Due diligence in opening accounts and know your customer KYC” in cooperation with the integrated solutions company and the participation of 74 employees in Iraqi banks.

The Executive Director of the Association of Private Banks, Ali Tariq, told the “Economy News” that “the Association of Private Banks organized a two-day training course, noting that” this session was held due to increased interest in the topics of combating money laundering and financing of terrorism and the process of opening accounts and due diligence Which is explained by Iraqi law and the instructions of the Central Bank of Iraq and international norms, which is the main pillar and gate for the process of combating money laundering and financing terrorism.

He added that “the beneficiaries of the course are the employees in the branches of banks and the sections of the current and compliance and combating money laundering and operations,” noting that “the axes of the session will be on the types of bank accounts and the mechanism to open accounts and documents required and know your client (KYC) and the mechanism to fill the form and instructions of the law on combating money laundering and terrorism financing “He said.

The Association of Private Banks has established many courses in the fight against money laundering and the financing of terrorism. He also called on the Governor of the Central Bank Ali Alalak earlier, private banks to the need to train banking cadres on the latest means of combating money laundering and financing of terrorism and risk management.

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

Oil prices rise to $ 54 a barrel

Crude oil prices continued to rise Monday, and Brent crude rose to $ 54 a barrel for the first time since April 18.

According to Russian media, “By 5.49 (Moscow time) the price of crude futures for the Brent North Sea crude oil futures contract reached $ 54.07 per barrel.”

The OPEC countries reached a meeting on November 30 last, an agreement to reduce the volume of oil production by (1.2) million barrels per day, starting in early 2017.

The non-OPEC countries agreed that the total reduction of their oil production would be 558,000 bpd, of which 300,000 barrels would be from Russia. ”

______________________________________________________________

It’s said that no greater love has a man than this — that he should lay down his life for his friends.

Vice President – Mike Pence

______________________________________________________________

Iraqi troops recapture half of biggest western Mosul district

Iraqi troops have gained control on part of the biggest west Mosul district and killed a number of Islamic State militants in an airstrike.

In other statements, WMC said dozens of IS fighters were killed in airstrikes in western Mosul.

Iraqi fighter jets launched several airstrikes that destroyed booby-trapping workshop and vehicles and killed dozens of militants on Rifaie district.

“An IS headquarter and booby-trapping workshop were destroyed, while dozens of militants were killed on al-Zanjili district,” the statement added.

Iraqi forces have been sweeping through northwestern neighborhoods over the past two weeks in a way to invade the strategic Old City.

Eastern Mosul was liberated in January after three months of battles. Another major offensive was launched in February to retake the western side.

______________________________________________________________

U.N. says 200,000 more people could flee Mosul as fighting intensifies

The United Nations said on Thursday up to 200,000 more people could flee Mosul as Iraqi forces push into the last districts held by Islamic State militants.

Iraqi authorities and aid agencies are already struggling to cope with a surge in displacement since security forces opened a new front against the militants in Mosul earlier this month.

“The numbers of people who are moving are now so large, it’s becoming more and more difficult to ensure civilians receive the assistance and protection they need.”

______________________________________________________________

Al-Rashid: Our predecessor to pensioners up to 3 million dinars

Al-Rasheed Bank announced on Thursday that it is providing advances to retirees up to 3 million dinars, stressing that the borrower must have a smart card from the bank exclusively.

Abdul Rasul said that “the interest on these advances up to 7% and the duration of payment of five years,” stressing that “the pensioner must be a smart card from the bank exclusively.”

It is worth mentioning that the Bank of Rasheed started in 2017 by granting salaries to employees of ten salaries according to certain mechanisms and controls.

______________________________________________________________

Iraqi Stock Exchange: Shareholding companies are not commensurate with capital and call for ..

The Iraqi market for securities, the number of joint stock companies operating in Iraq is not commensurate with the capital of Iraq, calling for the dissemination of the culture of investment in capital.

“The number of participating companies in the Iraqi economy is 130, which is not commensurate with the Iraqi capital, whose size exceeds many times this number,” Taha Ahmed Abdul Salam, the market’s executive director, said in a press statement.

“Indicators associated with the investment field are still below the level of ambition,” he said.

“Efforts that are based on spreading investment culture must be diversified in capital,” he said.

______________________________________________________________

“Iraqi oil”: the process of exporting Kirkuk oil is not clear and beyond the control of the central government

A spokesman for the Iraqi Oil Ministry, Asim Jihad, during his conversation with Roudao correspondent, Mustafa Koran

The spokesman for the Iraqi Oil Ministry, Assem Jihad, that “despite disagreements and differences in views on the subject of oil agreement between the Kurdistan Regional Government and the central government, but hope remains always, and seek to accelerate the creation of a new agreement to serve the national interest.”

“We are always seeking an agreement that serves the citizens in all Iraqi provinces, as well as the Kurdistan region, and therefore we must work on this subject in a common national spirit, and look for the national stage,” Jihad told the network.

Jihad said that “despite the lack of implementation and commitment from both sides on the previous oil agreements, but the people remain one, and therefore must always remain hope because we are all Iraqis in the end.”
On the issue of non-disbursement of the “Petrodollar” of the province of Kirkuk, the spokesman for the Ministry of Oil, “Kirkuk province has become a complex and difficult issue, and there are a lot of things out of control, and the federal government does not have authority over all the oil fields in Kirkuk, Not clear, and all this leads to the non-disbursement of (petrodollar) of the province of Kirkuk. ”

As for the city of Basra, which is a source of the economy of Iraq, which suffers from marginalization in all respects, Assem Jihad said that “the Ministry of Oil and the Ministry of Technical, and its work is to explore and the issuance and sale of oil, and the return of cash to the central government, The Petrodollar issue, where this amount is spent permanently. ”

With regard to the establishment of a province in Basra, and its economic impact on Iraq, Jihad said: “We do not want to anticipate events and judge this issue, the subject was an idea, but not realized until this moment, and when it is realized there will be another talk about this subject.”

______________________________________________________________
BGG (Dinar Guru) – Article: “Iraq offers compensation settlement and Kuwaiti debt against investment” Quote: “…the meeting also discussed the file of compensation with the State of Kuwait and ways to settle through the window of investment inside Iraq.“. two separate items talked about – how to pay back Kuwait (not to be confused with) – their eagerness to settle investments inside Iraq? One of the big problems needing dealt with – is they have few mechanisms in place to safe guard investors. Why would the IMF care about Iraqi investors. They don’t – this is referring to OUTSIDE investors. Period. Really good news – entering final talks – it appears.

Read more: http://www.dinarupdates.com/observer/
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Transport announces the opening of a direct air line between Baghdad and Belgrade at the end of this month

BAGHDAD – A spokesman for the Ministry of Transport, Salim Musa, announced on Tuesday the opening of a direct air link between Baghdad and the Serbian capital Belgrade at the end of this month in the absence of “obstacles” administrative, indicating that the Minister of Transport Kazem A cup has been working for some time on the opening of direct air links between Baghdad and the European capitals to restore the Iraqi Airways to the reality.

He explained, “These efforts were strengthened by the opening of direct flights between Baghdad and some countries, where was going to Serbia and the holding of several meetings and agreements resulted in the creation Formula to open a direct line with Belgrade and accepted with Athens, ” Pointing out that “the collection of direct visa from the airport needs efforts should be made by the Ministry of Foreign Affairs and there is an actual approach to this matter.”

______________________________________________________________

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Iraqi Dinar/Dollar auction 05-22-17 (most recent listing)

Currency Auctions Announcement No. 3447

This daily currency auction was held in the Central Bank of Iraq on the 05-22-2017

DETAILS	NOTES
Number of banks	38
Number of remittance companies	10
Amount sold at auction price (US$)	153,858,635
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	153,858,635
Total offers for selling (US$)	—–

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

______________________________________________________________

CURRENCY	CODE	SELL	BUY
US dollar	USD	1184.000	1182.000
Euro	EUR	1323.594	1322.932
British pound	GBP	1539.792	1539.022
Canadian dollar	CAD	874.188	873.751
Swiss franc	CHF	1210.015	1209.410
Swedish krona	SEK	135.040	134.972
Norwegian krone	NOK	140.924	140.853
Danish krone	DKK	177.877	177.788
Japanese yen	JPY	10.630	10.625
Special Drawing Rights	SDR	1634.630	1633.813

Indicative rates – 05.22.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – May 21st

Posted on May 21, 2017 by BGG

CTS commander says troops liberated 47 out of 74 districts in western Mosul

The Iraqi army’s elite Counter-Terrorism Service has declared liberating 47 out of 74 residential districts in western Mosul.

Speaking to the Kurdish-owned Rudaw network, Lt. Gen.Abdul Wahab al-Saadi, CTS commander, said “during our battles in western Mosul, hundreds of Islamic State militants were killed by CTS troops. Once the battle ends and Mosul is liberated, we will announce the total losses and number of IS militants killed.”

CTS, according to Saadi, “is ready to take part in all battles in Iraq and to receive commands from the commander-in-chief of the armed forces.”

On Saturday, CTS declared concluding its mission in western Mosul.

Iraqi forces have been sweeping through northwestern neighborhoods over the past few weeks in a way to invade the strategic Old City, after finding it hard to invade from the south.

Last week, Brigadier General Yahya Rasool said more than 16,000 IS members were killed since beginning of operations in Mosul. 89.5 percent of western Mosul was liberated with only a few districts remaining under the militants’ control.

Eastern Mosul was liberated in January after three months of battles. Another major offensive was launched in February to retake the western side.

Iraqi generals had predicted liberating the city before end of this month.

______________________________________________________________

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______________________________________________________________

Iraqi Army closes in on complete Mosul victory as ISIS clings on to last three districts

Intensified counter-insurgency efforts are bearing fruit in Mosul as the Iraqi Armed Forces liberated two more ISIS-held neighborhoods on Saturday.

Amid the last stage of the Mosul battle, the Iraqi Army was able to wrestle control of the Iqtisadiyeen district and highly fortified ’17th Tammuz’ district; the latter holds symbolic significance for the caliphate as it was the first large suburb to fall into ISIS hand in 2014.
Effectively, the Islamic State now controls merely three districts in Mosul city; namely the Al-Shafaa, Al-Zinjiji, and Old City neighborhoods. These ISIS-held areas are centered along three bridges on the western bank of the Tigris River.

The Old City district is nevertheless the most densely populated neighborhood across Mosul and houses the Al-Nouri mosque where ISIS leader Abu Bakr Al-Baghdadi declared the caliphate in 2014. Unfortunately for government troops, it is also composed of small buildings and narrow streets that favor ISIS-style guerrila warfare.

A few isolated sniper nests are also present elsewhere while Iraqi sappers constantly endanger themselves by having to deal with booby traps and mines in liberated residential areas.

With the seasoned 9th Division and 15th Division of the Iraqi Army already departed for duties elsewhere, the final mopping-up operations in Mosul are left to the Rapid Response Division and Iraqi Federal Police to deal with.

On Saturday afternoon, the Counter Terrorism Units notably announced they had finished their operations in Mosul and would be transferred to other fronts upon demand of Baghdad.

Around 500 ISIS insurgents are still fighting in Mosul while hundreds more sleeper cells are said to be active in government-held areas.

______________________________________________________________

Why Trump must make a surprise visit to Iraq on his first foreign trip

Foreign trips for any president are an ego boost of the highest magnitude: red carpet arrival with bands playing music, troop reviews, and official dinners in your honor hosted in some of the most opulent palaces in the world. For President Trump, the stakes are high. With poll numbers at historic lows and controversies surrounding his presidency, Trump desperately needs to change the news narrative, at least for a few days. And what better way to do that than to embark on your first foreign trip as president, Washington Examiner published on Saturday.

The president can’t get out of town fast enough. When Air Force One went wheels up from Joint Base Andrews on Friday, one can imagine the president felt a sense of relief as Washington quickly disappeared beneath him. Air Force One, at least for now, will be his safe zone.

When I recently asked a friend how he could log so many hours on Air Force One during the Clinton administration, he had an easy answer: the Lewinsky scandal! At a time when Clinton faced troubles at home, the best way to temporarily escape his troubles was to board the presidential aircraft and fly abroad.

But more than the comforts of Air Force One and the emotional shelter it provides to a president in turmoil, Trump will need to not only dominate the headlines over the next several days, he’ll need to own them. And he can do that by making an unscheduled visit to Iraq.

From Riyadh, Saudi Arabia, it’s a short flight. I know this because from 2008-2010, I traveled to Iraq 14 times as a civilian member of a special Department of Defense task force in charge of economic development and rebuilding as part of General David Petraeus’ counter-insurgency strategy.

Foreign trips are always full of surprises, and this would certainly be one of them. Just last month, Trump sent his son-in-law and senior advisor Jared Kushner to Iraq to meet with United States military officials and to receive an on-the-ground update on counter-Islamic State operations.

Middle East peace is one of Trump’s loftier goals and an unscheduled visit to Iraq would benefit him greatly. Nothing speaks louder than a presidential visit to reaffirm U.S. commitment to the government of Iraq as well as the U.S. forces stationed there.

They say a picture is worth a thousand words. And nothing illustrates that better than Air Force One on the tarmac at Baghdad International Airport.

At a time when the president needs to change breaking news headlines, a visit to Iraq would do just that.

Read more: http://www.dinarupdates.com/showthread.php?49254-America-decides-to-train-Iraqi-forces-at-the-hands-of-the-most-powerful-military-ins
______________________________________________________________

Iraq’s special forces declare their Mosul mission complete

Iraq’s special forces declared their mission in Mosul complete Saturday after the group retook the last western districts from the Islamic State group within their area of operation, according to a military spokesman.

The announcement came despite ongoing battles in a handful of western Mosul neighborhoods that continue to force hundreds of civilians to flee each day. IS still controls some eight square kilometers of western Mosul, including the dense Old City where some of the toughest battles are expected to play out.

Special forces spokesman Sabah al-Numan said his troops had completed their initial mission, but stood ready “to support any other forces if we are ordered to by the Prime Minister.”

Elsewhere in central and southern Iraq, a series of bombings killed at least 27 people.

A suicide bombing Saturday near the oil-rich city of Basra killed at least eight people and wounded 41 others, according to a military commander.

Five civilians and three troops were killed when the bomber blew up his explosives-laden car on Friday at a checkpoint north of Basra just behind a bus waiting to be cleared, said chief of the Basra Operations Command, Lt. Gen. Jamil al-Shimmari.

A second attacker drove down a desert road after the explosion and security forces killed him, al-Shimmari added.

In an online statement, IS claimed responsibility for the attack, saying it targeted Shiites.

Basra, about 550 kilometers (340 miles) southeast of Baghdad, is home to about 70 percent of the country’s proven oil reserves of 153.1 billion barrels. Located on the Persian Gulf and bordering Kuwait and Iran, the city is also Iraq’s only outlet to the sea and the hub for most of the country’s oil exports, with 3.23 million barrels exported from Basra last month.

IS also claimed responsibility for the double suicide bombings in Baghdad overnight that killed at least 19 people and wounded 33, according to an online statement.

Iraqi forces, backed by the U.S.-led coalition, officially launched the operation to retake Mosul in October and the city’s east was declared “fully liberated” in January. The fight for Mosul’s west was launched the following month and has been marked by some of the most grueling and deadly combat in the fight against IS in Iraq to date.

______________________________________________________________

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

Iraq’s local investments rise after cutting oil production output

Iraq signed the accord with 11 other oil exporting countries and pledged to cut 210,000 oil barrels per day from its production output. This comes although it

had resisted for a long time to activate the accord.

This accord had resulted in rise in oil prices and enhanced Iraq’s GDP and investments, Araji added.

OPEC announced in November 2016 that its members had agreed on cutting oil production output by 1,2 million barrels per day, beginning in January 2017 for six months.

______________________________________________________________

It’s said that no greater love has a man than this — that he should lay down his life for his friends.

Vice President – Mike Pence

______________________________________________________________

Iraqi troops recapture half of biggest western Mosul district

Iraqi troops have gained control on part of the biggest west Mosul district and killed a number of Islamic State militants in an airstrike.

In other statements, WMC said dozens of IS fighters were killed in airstrikes in western Mosul.

Iraqi fighter jets launched several airstrikes that destroyed booby-trapping workshop and vehicles and killed dozens of militants on Rifaie district.

“An IS headquarter and booby-trapping workshop were destroyed, while dozens of militants were killed on al-Zanjili district,” the statement added.

Iraqi forces have been sweeping through northwestern neighborhoods over the past two weeks in a way to invade the strategic Old City.

Eastern Mosul was liberated in January after three months of battles. Another major offensive was launched in February to retake the western side.

______________________________________________________________

U.N. says 200,000 more people could flee Mosul as fighting intensifies

The United Nations said on Thursday up to 200,000 more people could flee Mosul as Iraqi forces push into the last districts held by Islamic State militants.

Iraqi authorities and aid agencies are already struggling to cope with a surge in displacement since security forces opened a new front against the militants in Mosul earlier this month.

“The numbers of people who are moving are now so large, it’s becoming more and more difficult to ensure civilians receive the assistance and protection they need.”

______________________________________________________________

Al-Rashid: Our predecessor to pensioners up to 3 million dinars

Al-Rasheed Bank announced on Thursday that it is providing advances to retirees up to 3 million dinars, stressing that the borrower must have a smart card from the bank exclusively.

Abdul Rasul said that “the interest on these advances up to 7% and the duration of payment of five years,” stressing that “the pensioner must be a smart card from the bank exclusively.”

It is worth mentioning that the Bank of Rasheed started in 2017 by granting salaries to employees of ten salaries according to certain mechanisms and controls.

______________________________________________________________

Iraqi Stock Exchange: Shareholding companies are not commensurate with capital and call for ..

“Indicators associated with the investment field are still below the level of ambition,” he said.

“Efforts that are based on spreading investment culture must be diversified in capital,” he said.

______________________________________________________________

“Iraqi oil”: the process of exporting Kirkuk oil is not clear and beyond the control of the central government

A spokesman for the Iraqi Oil Ministry, Asim Jihad, during his conversation with Roudao correspondent, Mustafa Koran

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

Transport announces the opening of a direct air line between Baghdad and Belgrade at the end of this month

______________________________________________________________

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Iraqi Dinar/Dollar auction 05-18-17 (most recent listing)

Currency Auctions Announcement No. 3444

This daily currency auction was held in the Central Bank of Iraq on the 05-18-2017

DETAILS	NOTES
Number of banks	37
Number of remittance companies	11
Amount sold at auction price (US$)	159,547,157
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	159,547,157
Total offers for selling (US$)	—–

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

______________________________________________________________

CURRENCY	CODE	SELL	BUY
US dollar	USD	1184.000	1182.000
Euro	EUR	1316.253	1315.595
British pound	GBP	1535.885	1535.117
Canadian dollar	CAD	869.693	869.258
Swiss franc	CHF	1203.619	1203.017
Swedish krona	SEK	134.861	134.794
Norwegian krone	NOK	140.899	140.828
Danish krone	DKK	176.909	176.821
Japanese yen	JPY	10.510	10.505
Special Drawing Rights	SDR	1630.782	1629.967

Indicative rates – 05.18.2017

http://www.cbi.iq

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

Thanks – BGG!!

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Posted in Uncategorized | Tagged Dinar, Dinar Chat, dinar detectives, Dinar Guru, dinar gurus, Dinar Info, Dinar News, dinar recaps, dinar recaps blog, Dinar RV, dinar to usd, dinar updates, dinar value, dinar vets, IQD, Iraqi Dinar, Observer, Recaps, Revaluation, VND | Comments Off

Dinar Daily NEWS Blog – May 20th

Posted on May 20, 2017 by BGG

In our unity, the land was liberated, our delight and our determination made miracles

Prime Minister Dr. Haidar al-Abadi said that the Iraqi people are creative people. Despite the destruction and the difficulties, he made achievements and the whole world is talking about him with admiration.

This came during the speech of his sovereignty at the conference (TEDEX Baghdad), which specializes in innovations and talents and successful experiences.

He said that we meet here in Baghdad peace, unity and progress, as we have gone through a process of suffering to achieve this achievement of Iraq, which sent hope, the world and its leaders admire what has been achieved despite the financial crisis.

Baghdad was threatened two years ago, and we liberated the land from the cliff of the rock to Diyala, Ramadi, Falluja, Beiji, Qayara, Makhmour, Mosul, and now in the last part of Mosul.

He expressed his surprise at some who are trying to bring frustration to the Iraqis and that the condolences and fear of the citizen after the liberation of Mosul and tell them the situation will be much better because the country has passed the most difficult crises.

He added that terrorism wants us sedition and there are those who support him and those who are ready to challenge everyone with any terrorist attack.

We will not allow those who want to weaken the state and the society and kidnap them just because they disagree with the opinion, wondering whether fighting our heroes and fighting dictatorship is in order to rule us, and we will not allow those who want to weaken the state and society.

______________________________________________________________

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Dinar Updates – “News Time” w/BGG & Company!! May 21st – 7:30 pm CST – In the DU Chat Room!!

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______________________________________________________________

Iraqi Army closes in on complete Mosul victory as ISIS clings on to last three districts

Intensified counter-insurgency efforts are bearing fruit in Mosul as the Iraqi Armed Forces liberated two more ISIS-held neighborhoods on Saturday.

A few isolated sniper nests are also present elsewhere while Iraqi sappers constantly endanger themselves by having to deal with booby traps and mines in liberated residential areas.

On Saturday afternoon, the Counter Terrorism Units notably announced they had finished their operations in Mosul and would be transferred to other fronts upon demand of Baghdad.

Around 500 ISIS insurgents are still fighting in Mosul while hundreds more sleeper cells are said to be active in government-held areas.

______________________________________________________________

Why Trump must make a surprise visit to Iraq on his first foreign trip

They say a picture is worth a thousand words. And nothing illustrates that better than Air Force One on the tarmac at Baghdad International Airport.

At a time when the president needs to change breaking news headlines, a visit to Iraq would do just that.

Iraq’s special forces declare their Mosul mission complete

Special forces spokesman Sabah al-Numan said his troops had completed their initial mission, but stood ready “to support any other forces if we are ordered to by the Prime Minister.”

Elsewhere in central and southern Iraq, a series of bombings killed at least 27 people.

A suicide bombing Saturday near the oil-rich city of Basra killed at least eight people and wounded 41 others, according to a military commander.

A second attacker drove down a desert road after the explosion and security forces killed him, al-Shimmari added.

In an online statement, IS claimed responsibility for the attack, saying it targeted Shiites.

IS also claimed responsibility for the double suicide bombings in Baghdad overnight that killed at least 19 people and wounded 33, according to an online statement.

______________________________________________________________

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

Iraq’s local investments rise after cutting oil production output

Iraq signed the accord with 11 other oil exporting countries and pledged to cut 210,000 oil barrels per day from its production output. This comes although it

had resisted for a long time to activate the accord.

This accord had resulted in rise in oil prices and enhanced Iraq’s GDP and investments, Araji added.

OPEC announced in November 2016 that its members had agreed on cutting oil production output by 1,2 million barrels per day, beginning in January 2017 for six months.

______________________________________________________________

It’s said that no greater love has a man than this — that he should lay down his life for his friends.

Vice President – Mike Pence

______________________________________________________________

Iraqi troops recapture half of biggest western Mosul district

Iraqi troops have gained control on part of the biggest west Mosul district and killed a number of Islamic State militants in an airstrike.

In other statements, WMC said dozens of IS fighters were killed in airstrikes in western Mosul.

Iraqi fighter jets launched several airstrikes that destroyed booby-trapping workshop and vehicles and killed dozens of militants on Rifaie district.

“An IS headquarter and booby-trapping workshop were destroyed, while dozens of militants were killed on al-Zanjili district,” the statement added.

Iraqi forces have been sweeping through northwestern neighborhoods over the past two weeks in a way to invade the strategic Old City.

Eastern Mosul was liberated in January after three months of battles. Another major offensive was launched in February to retake the western side.

______________________________________________________________

U.N. says 200,000 more people could flee Mosul as fighting intensifies

The United Nations said on Thursday up to 200,000 more people could flee Mosul as Iraqi forces push into the last districts held by Islamic State militants.

Iraqi authorities and aid agencies are already struggling to cope with a surge in displacement since security forces opened a new front against the militants in Mosul earlier this month.

“The numbers of people who are moving are now so large, it’s becoming more and more difficult to ensure civilians receive the assistance and protection they need.”

______________________________________________________________

Al-Rashid: Our predecessor to pensioners up to 3 million dinars

Al-Rasheed Bank announced on Thursday that it is providing advances to retirees up to 3 million dinars, stressing that the borrower must have a smart card from the bank exclusively.

Abdul Rasul said that “the interest on these advances up to 7% and the duration of payment of five years,” stressing that “the pensioner must be a smart card from the bank exclusively.”

It is worth mentioning that the Bank of Rasheed started in 2017 by granting salaries to employees of ten salaries according to certain mechanisms and controls.

______________________________________________________________

Iraqi Stock Exchange: Shareholding companies are not commensurate with capital and call for ..

“Indicators associated with the investment field are still below the level of ambition,” he said.

“Efforts that are based on spreading investment culture must be diversified in capital,” he said.

______________________________________________________________

“Iraqi oil”: the process of exporting Kirkuk oil is not clear and beyond the control of the central government

A spokesman for the Iraqi Oil Ministry, Asim Jihad, during his conversation with Roudao correspondent, Mustafa Koran

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

Transport announces the opening of a direct air line between Baghdad and Belgrade at the end of this month

______________________________________________________________

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

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

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

______________________________________________________________

Iraqi Dinar/Dollar auction 05-18-17 (most recent listing)

Currency Auctions Announcement No. 3444

This daily currency auction was held in the Central Bank of Iraq on the 05-18-2017

DETAILS	NOTES
Number of banks	37
Number of remittance companies	11
Amount sold at auction price (US$)	159,547,157
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	159,547,157
Total offers for selling (US$)	—–

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

______________________________________________________________

CURRENCY	CODE	SELL	BUY
US dollar	USD	1184.000	1182.000
Euro	EUR	1316.253	1315.595
British pound	GBP	1535.885	1535.117
Canadian dollar	CAD	869.693	869.258
Swiss franc	CHF	1203.619	1203.017
Swedish krona	SEK	134.861	134.794
Norwegian krone	NOK	140.899	140.828
Danish krone	DKK	176.909	176.821
Japanese yen	JPY	10.510	10.505
Special Drawing Rights	SDR	1630.782	1629.967

Indicative rates – 05.18.2017

http://www.cbi.iq

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

Thanks – BGG!!

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Dinar Daily NEWS Blog – May 19th

Posted on May 19, 2017 by BGG

Central Bank announces full national bond sale

The central bank, announced Tuesday, for the entire national bond sale, adding that it will be announced on receipt of the bond if you finish printing

The bank said in a statement, “Economy News” received a copy of it, “it was completed the sale of national bonds in the second Asdarih on behalf of the Ministry of Finance and the nominal value until the ninth of May this

The bank added that the completion of the sale comes a full run out Asdarih he said, adding that he will be announced on receipt of the bond upon the completion of the printing

Read more: http://www.dinarupdates.com/showthread.php?49215-Central-Bank-announces-full-national-bond-sale-Economy-News-_-Baghdad-Last-update
______________________________________________________________

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______________________________________________________________

Central Bank: We are working with 50 banks on the establishment of the Development and Investment Fund

Confirmed the Governor of Bank Central, Ali Keywords, Wednesday that the bank ‘s central working with 50 banks to set up fund development and investment for the granting of loans to citizens

Said Keywords in an interview during the seminar , which held the bank’s central on projects financing smaller ” attended by ” Economy News ” , that the bank ‘s central working hard now with banks to set up fund development and investment from through the development framework General Fund, which aims to revitalize the economy through the granting of loans citizens as well as bring companies world referring to the 50 banks will be involved the establishment of the fund and each bank shares with 10 million dollars for a period of four years to become the capital of the fund 2 billion dollars.

He added that no can to find a way else to stimulate the economy only from through funding smaller despite the problems existing in the environment of Iraq which insists the bank’s central to overcome them adding that the refusal of some banks to grant loans from within the initiative of one trillion dinars due to the threats of armed and tribal which encountered when required banks to return the money

He stressed that the bank gets a profit of 4% within the initiative of one trillion dinars , while banks in countries other if you got a profit of 1% they do not overdo Bay ” , noting that ” bankers agricultural and industrial not Amnha loans to citizens because of the problems many have EXCLUDE from the initiative of the Bank Central during the year the current .

______________________________________________________________

America decides to train Iraqi forces at the hands of the most powerful military institution

Twilight News / on board a military plane Omirkah- the United States proposed that the Atlantic alliance , “NATO” The task of training Iraqi forces after defeating al – Daesh according to the Chief of Staff of the US Joint Chiefs of General Joe Dunford said Wednesday night Thursday.

He said Dunford told reporters on board the plane that return from a NATO meeting in Brussels that NATO “could be in an excellent position to carry out the task of training” Iraqi forces “over a long period.

He said Dunford that Iraqi Prime Minister Haider al – Abadi was announced that Iraqi forces could continue to need support after the victory over the organization Daesh but without specifying the demands formally .

In principle it can be an important NATO is limited to the capabilities of the Iraqi army ‘s development.

He Dunford said NATO could provide the Iraqi army “logistical assistance and equipment and capacity development and training of cadres and the establishment of academies
But he said that the task of providing guidance to the Iraqi forces will remain the prerogative of the international coalition forces against al Daesh.

I will not ask NATO to provide military advice as is currently happening in Mosul (northern Iraq) or in Raqqa (northern Syria).”

He said , I do not think we’re on the verge of thinking” in NATO to assume the functions of the entire coalition. The United States urges a long time ago NATO to join the alliance, knowing that each country separately from the 28 NATO nations individually involved in the international coalition.

It scheduled to take place to raise the issue at a NATO summit in Brussels, the first that will be attended by US President Donald Trump.

The military leaders of NATO countries have expressed support for the proposal during a meeting Wednesday, according to Gen. Petr Pavel , who heads the Military Committee of NATO.

Iraqi forces retake Rawshan area in western Mosul: command

The Iraqi command said Friday that government forces recaptured an area in western Mosul as they advanced near the last Islamic State strongholds in the region.

The Joint Operations Command said the army’s elite Counter-Terrorism Service recaptured the Rawshan area in northwestern Mosul, raising Iraqi flags at the area.
The development comes as Iraqi forces moved through a new front of operations targeting the IS-held, strategic Old City, having besieged the area futilely for weeks.

Government troops have recaptured Iktisadiyeen and al-Rifaie districts, two of a handful of targets on the way to the Old City.
On Tuesday, a JOC spokesman said Iraqi forces control 89.5 percent of territories in western Mosul, and that troops had killed more than 16000 Islamic State militants since the campaign to retake the city launched in October.
Government forces retook eastern Mosul in January and aimed at the western side of the city starting February 19th.

Some generals were quoted predicting to liberate the city from militants before the end of this month.

Read more: http://www.dinarupdates.com/showthread.php?49264-Iraqi-forces-retake-Rawshan-area-in-western-Mosul-command
______________________________________________________________

Adam Montana (Dinar Guru) It should be noted, and kept in mind, that Ramadan this year starts on the evening of Friday May 26 and goes through Sunday June 25. That’s 9 days from now. Those of you that have been traveling this road with me for years know that I have always been VERY adamant that “nothing gets done during Ramadan”… but I’m starting to lean a little to the left on that commitment. There is just TOO MUCH happening right now! There are a couple key elements to this…that will make me go “Full Buzzy” in spite of the upcoming holiday that traditionally yields 0 “real” progress for anything in Iraq. For some months now, I’ve been very optimistic about Iraq’s ISIS situation. Over the last few days, thi -s has only increased. [post 1 of 2….stay tuned]

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

Updated: Paramilitary troops free airbase, more villages, west of Mosul

Mosul (IraqiNews.com) The paramilitary troops have freed Washington military airbase, west of Mosul, according to Sami al-Massoudi, a leader with the troops.

In statements, al-Hashd al-Shaabi (Popular Mobilization Units) said “the 13th and 14th brigades liberated Sahl Sinjar Airbase, a strategic airport in south of Qairawan.”
Troops also liberated al-Amdina village, in the south, in addition to Karka village, the troops media service said.

“200 families from Mesei’da village, in the vicinity of Sahl Sinjar Airbase, were evacuated far from the battlefields.” the service added.
Earlier on Thursday, the troop freed six villages in north and south of Qairawan, in the west of Mosul.

In statements, the media service announced liberating Ain Fathi village, north of Qairawan.
“The 10th brigade seized a booby-trapped vehicle and explosives inside al-Hassan mosque in Ain Fathi village,” the service said. Ten Islamic State militants were killed while combing the village.

The forces freed Ain Ghazal village, in the north, after cutting off the road linking between the freed Tal Banat village and Qairawan, in addition to liberating Akhmeisa village, according to statements.

Adheila village, in the south, has been liberated, the troops media service said adding “Iraqi flag was raised there.”
The 13th and 14th brigades freed Khams Telool and Khalaf al-Deirs village, in the south, according to the statements. “The troops inflicted huge losses in personnel and weapons on Islamic State militants.”

Many villages in Qairawan region, a main Islamic State bastion which links between Tal Afar town and the Syrian borders, have been freed since an the troops launched an offensive on Friday to free the region.

The eastern side of Mosul was recaptured in January following three months of battles. Another offensive was launched in February to recapture the western flank of the city.
Iraqi commanders predict recapturing the remaining parts of the city this month.

______________________________________________________________

It’s said that no greater love has a man than this — that he should lay down his life for his friends.

Vice President – Mike Pence

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Iraqi troops recapture half of biggest western Mosul district

Iraqi troops have gained control on part of the biggest west Mosul district and killed a number of Islamic State militants in an airstrike.

In other statements, WMC said dozens of IS fighters were killed in airstrikes in western Mosul.

Iraqi fighter jets launched several airstrikes that destroyed booby-trapping workshop and vehicles and killed dozens of militants on Rifaie district.

“An IS headquarter and booby-trapping workshop were destroyed, while dozens of militants were killed on al-Zanjili district,” the statement added.

Iraqi forces have been sweeping through northwestern neighborhoods over the past two weeks in a way to invade the strategic Old City.

Eastern Mosul was liberated in January after three months of battles. Another major offensive was launched in February to retake the western side.

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U.N. says 200,000 more people could flee Mosul as fighting intensifies

The United Nations said on Thursday up to 200,000 more people could flee Mosul as Iraqi forces push into the last districts held by Islamic State militants.

Iraqi authorities and aid agencies are already struggling to cope with a surge in displacement since security forces opened a new front against the militants in Mosul earlier this month.

“The numbers of people who are moving are now so large, it’s becoming more and more difficult to ensure civilians receive the assistance and protection they need.”

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Al-Rashid: Our predecessor to pensioners up to 3 million dinars

Al-Rasheed Bank announced on Thursday that it is providing advances to retirees up to 3 million dinars, stressing that the borrower must have a smart card from the bank exclusively.

Abdul Rasul said that “the interest on these advances up to 7% and the duration of payment of five years,” stressing that “the pensioner must be a smart card from the bank exclusively.”

It is worth mentioning that the Bank of Rasheed started in 2017 by granting salaries to employees of ten salaries according to certain mechanisms and controls.

______________________________________________________________

Iraqi Stock Exchange: Shareholding companies are not commensurate with capital and call for ..

“Indicators associated with the investment field are still below the level of ambition,” he said.

“Efforts that are based on spreading investment culture must be diversified in capital,” he said.

______________________________________________________________

“Iraqi oil”: the process of exporting Kirkuk oil is not clear and beyond the control of the central government

A spokesman for the Iraqi Oil Ministry, Asim Jihad, during his conversation with Roudao correspondent, Mustafa Koran

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

Transport announces the opening of a direct air line between Baghdad and Belgrade at the end of this month

______________________________________________________________

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______________________________________________________________

Iraqi Dinar/Dollar auction 05-18-17 (most recent listing)

Currency Auctions Announcement No. 3444

This daily currency auction was held in the Central Bank of Iraq on the 05-18-2017

DETAILS	NOTES
Number of banks	37
Number of remittance companies	11
Amount sold at auction price (US$)	159,547,157
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	159,547,157
Total offers for selling (US$)	—–

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

______________________________________________________________

CURRENCY	CODE	SELL	BUY
US dollar	USD	1184.000	1182.000
Euro	EUR	1316.253	1315.595
British pound	GBP	1535.885	1535.117
Canadian dollar	CAD	869.693	869.258
Swiss franc	CHF	1203.619	1203.017
Swedish krona	SEK	134.861	134.794
Norwegian krone	NOK	140.899	140.828
Danish krone	DKK	176.909	176.821
Japanese yen	JPY	10.510	10.505
Special Drawing Rights	SDR	1630.782	1629.967

Indicative rates – 05.18.2017

http://www.cbi.iq

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

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Dinar Daily NEWS Blog – May 18th

Posted on May 18, 2017 by BGG

NATO leaders considering playing larger role in Iraq

NATO leaders are considering playing a larger role in Iraq, where the alliance recently deployed a small training mission to work with Iraqi forces, Marine Gen. Joseph Dunford, chairman of the Joint Chiefs of Staff, said Wednesday after a meeting with NATO’s military leaders

“There is general agreement that NATO can and should do more,” Pavel said according to USA Today.

Dunford said the alliance may be in a position to provide long-term assistance to Iraq’s security forces once the militants have been driven from Mosul, Iraq’s second largest city, and the level of violence has been reduced.

Any decision, however, would have to wait until Iraq’s government makes a formal request for continued support for its military, Dunford said.

“This is a global trans-regional threat,” Dunford said of terror groups. “We need a global trans-regional network” to combat it. “NATO is an important part of that network.”

Read more: http://www.dinarupdates.com/showthread.php?49242-NATO-leaders-considering-playing-larger-role-in-Iraq
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Breaking

Iraqi forces regain al-Refaie district in Mosul

Iraqi forces recaptured on Wednesday al-Refaie neighborhood in the right bank of Mosul city in Nineveh governorate.

The forces also raised the Iraqi flag on the district’s buildings.
Iraqi Forces launched a major offensive on 19th of February to retake the western part of Mosul after declaring total control of the eastern part of the city on 24th of January as part of the military operations to liberate the city that started on 17th of October 2016.

______________________________________________________________

Follow us on twitter @DinarUpdates !!

Dinar Updates – “News Time” w/MadDScout & Facebook Crew!! May 18th – 6:30 pm CST – In the DU Chat Room!!

www.DinarUpdates.com – save as favorite

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

Updated: Paramilitary troops free airbase, more villages, west of Mosul

Mosul (IraqiNews.com) The paramilitary troops have freed Washington military airbase, west of Mosul, according to Sami al-Massoudi, a leader with the troops.

______________________________________________________________

“In America, we don’t worship government. We worship God” – President Trump

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Army Commander: Iraqi Forces to Drive ISIL out of Western Mosul by Friday

An Iraqi Army official in Nineveh province said he expects full liberation of the Western side of Mosul by Friday.

“Iraqi troops managed to retake most regions and districts in Western Mosul from the ISIL terrorists,” an Iraqi army commander told Sputnik, expecting the whole region to be freed by Friday.

In a statement earlier on Tuesday, Federal Police Chief Lt. Gen. Shaker Jawdat announced that his troops were in control of 80 percent of Iqtisidayeen and 17 Tamuz (July 17th) districts, in addition to eight other pivotal targets that were previously retaken.

“The troops shelled ISIL’s defense lines as well as their headquarters North of the Old City and killed dozens of the militants. Fifteen sq/ km were freed, 168 booby-trapped vehicles were destroyed, 200 landmines were removed while 24 bombs were defused,” he added.

“Six families detained by ISIL in 17 Tamuz were freed. They were kept for several days inside one of the houses with the doors locked and the house booby-trapped to prevent them escape,” he added.

“The total number of families evacuated from battlefields have reached 850 so far since the start of the last phase of military operations in Western Mosul on May 6,” Jawdat said.

In a press conference, the Joint Operations Command declared on Tuesday controlling 89.5 percent of Western Mosul and killing 16,467 members of the ISIL since beginning of operations in Western Mosul.

Iraqi commanders had predicted recapturing the remaining parts of the city this month.

______________________________________________________________

U.N. says 200,000 more people could flee Mosul as fighting intensifies

The United Nations said on Thursday up to 200,000 more people could flee Mosul as Iraqi forces push into the last districts held by Islamic State militants.

Iraqi authorities and aid agencies are already struggling to cope with a surge in displacement since security forces opened a new front against the militants in Mosul earlier this month.

“The numbers of people who are moving are now so large, it’s becoming more and more difficult to ensure civilians receive the assistance and protection they need.”

______________________________________________________________

Al-Rashid: Our predecessor to pensioners up to 3 million dinars

Al-Rasheed Bank announced on Thursday that it is providing advances to retirees up to 3 million dinars, stressing that the borrower must have a smart card from the bank exclusively.

Abdul Rasul said that “the interest on these advances up to 7% and the duration of payment of five years,” stressing that “the pensioner must be a smart card from the bank exclusively.”

It is worth mentioning that the Bank of Rasheed started in 2017 by granting salaries to employees of ten salaries according to certain mechanisms and controls.

______________________________________________________________

Iraqi Stock Exchange: Shareholding companies are not commensurate with capital and call for ..

“Indicators associated with the investment field are still below the level of ambition,” he said.

“Efforts that are based on spreading investment culture must be diversified in capital,” he said.

______________________________________________________________

“Iraqi oil”: the process of exporting Kirkuk oil is not clear and beyond the control of the central government

A spokesman for the Iraqi Oil Ministry, Asim Jihad, during his conversation with Roudao correspondent, Mustafa Koran

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

Transport announces the opening of a direct air line between Baghdad and Belgrade at the end of this month

______________________________________________________________

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

Iraq Stock Exchange discusses technology solutions in Beirut for its applications

BAGHDAD – The Iraqi stock market opened Monday in the Lebanese capital of Beirut its conference on the applications and solutions of technology trading securities, stressing the need to bring investments to the securities market.

“The conference is currently being held in the Lebanese capital of Beirut, the second of its kind since last year in the United Arab Emirates. There were also conferences and workshops between the two conferences,” said Taha Ahmed Abdel Salam, A knot inside Iraq and yielded positive results supported the market in his work. ” He added that “the conference was attended by a group of senior officials of the Central Bank of Iraq and a number of ministries of the Iraqi state, adding brokerage firms and international investment companies.”

He pointed out that the aim of the conference is to achieve the objectives related to bringing investments, correcting and correcting the trends adopted by financial markets and plans, especially their relationship with financial institutions, as well as with the market elements represented by joint stock companies and brokerage companies, specifically investors.

“The Iraqi Stock Exchange Law speaks about the capital market in Iraq, which consists of key elements supporting the development of the market and the Securities Commission, which is an organization of the rules of instructions needed by the market as well as joint stock companies to disclose their data and review levels of performance annual and quarterly.

Abdul Salam expected that “the meetings of the conference will witness further discussions and meetings between investment companies and those interested in stock markets.”

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Read more: http://www.dinarupdates.com/observer/
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Parliament votes tomorrow on the proposed law on the operation of the first graduates

(Baghdad: Al-Furat News) The House of Representatives will resume on Tuesday its regular session to vote on two draft laws.

A statement of the Council, received by the agency {Euphrates News}, a copy of it, tomorrow’s session includes “the completion of the vote on the draft law to reform inmates and depositors, and vote on the proposed law to run the early graduates.”

The meeting will also discuss the recommendations of the Education Committee regarding school buildings and an oral question addressed to the head of the Federal Audit Bureau, as well as the report and discussion of the draft law granting the employee a long standard leave and handling the conditions of the contractors.

The statement said the meeting included “the report and discussion of the draft law on the residence of foreigners, and the report and discussion of the draft law on delegation of powers.”

The House of Representatives lifted on 30 April last, its normal to Tuesday, the ninth of May, after voting on a parliamentary resolution prohibiting the attendance or participation of politicians or officials conferences in and outside Iraq without the consent of the Iraqi authorities.

______________________________________________________________

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

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______________________________________________________________

Iraqi Dinar/Dollar auction 05-18-17 (most recent listing)

Currency Auctions Announcement No. 3444

This daily currency auction was held in the Central Bank of Iraq on the 05-18-2017

DETAILS	NOTES
Number of banks	37
Number of remittance companies	11
Amount sold at auction price (US$)	159,547,157
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	159,547,157
Total offers for selling (US$)	—–

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

______________________________________________________________

CURRENCY	CODE	SELL	BUY
US dollar	USD	1184.000	1182.000
Euro	EUR	1316.253	1315.595
British pound	GBP	1535.885	1535.117
Canadian dollar	CAD	869.693	869.258
Swiss franc	CHF	1203.619	1203.017
Swedish krona	SEK	134.861	134.794
Norwegian krone	NOK	140.899	140.828
Danish krone	DKK	176.909	176.821
Japanese yen	JPY	10.510	10.505
Special Drawing Rights	SDR	1630.782	1629.967

Indicative rates – 05.18.2017

http://www.cbi.iq

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

Thanks – BGG!!

www.DinarUpdates.com

Dinar Daily NEWS Blog – May 17th

Posted on May 17, 2017 by BGG

PM Abadi urges Islamic State fighters to surrender as Mosul battle nears end

Mosul (IraqiNews.com) Iraqi Prime Minister Haider al-Abadi has urged Islamic State militants to surrender as government troops close in on the group’s last entrenchments in western Mosul.

Speaking to reporters in his weekly press briefing late Tuesday, Abadi called upon IS members to surrender, promising to grant them “a fair trial” in that case.
“Fighting in Mosul should proceed in a calculated pace,” Abadi stated during the conference. “Our intelligence capabilities have developed, and we are ahead of the enemy.”
Iraqi government forces have become close to retaking western Mosul and declaring the full recapture of the city that fell in IS grip in 2014. The eastern section was retaken in January.

On Tuesday, Brig. Gen. Yahia Rasoul, spokesperson of the Iraqi Joint Operations Command, said Iraqi troops became in control over 89.5 percent of territory at western Mosul, having killed more than 16000 militants since the launch of Mosul operations in October. Other commanders had predicted to recapture the city before the end of this month.

Iraqi government forces are eyeing the ancient, densely structured and populated Old City, the place where Islamic State’s supreme leader Abu Bakr al-Baghdadi declared the establishment of an “Islamic Caliphate” in 2014. Troops besieged the area for weeks from the south, but turned to the northwestern axis to invade the city earlier this month. IS fighters are believed to have been holding hundreds of thousands at that area as human shields.

Read more: http://www.dinarupdates.com/showthread.php?49173-PM-Abadi-urges-Islamic-State-fighters-to-surrender-as-Mosul-battle-nears-end

______________________________________________________________

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Dinar Updates – “News Time” w/MadDScout & Facebook Crew!! May 18th – 6:30 pm CST – In the DU Chat Room!!

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______________________________________________________________

BGG (Dinar Guru) – Iraqi Day…(not a terrible news source)… tweeted this… #ISIS CALIPHATE HAS ENDED. #Iraq forces storm 4 districts in #Mosul today & gains are incredible, only 2 districts left under ISIS control. “gains are INCREDIBLE”… Earlier today [Sunday] the Fox News Ticker said that Iraqi Spec Ops and U.S. backed-Commandos had breached the final line of defense and fortifications held by ISIS in Mosul. They could actually have Mosul completely liberated by tomorrow [Monday] (if they make the same gains as today). Not that I am saying that – or predicting it… I am just putting some context on things. I care greatly about the actual fruition of our investment.

Read more: http://www.dinarupdates.com/observer
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Operation to retake Hawija postponed to after Mosul offensive, governor says

The operation to drive out ISIS militants from the Sunni stronghold of Hawija is delayed till the end of the ongoing offensive in Mosul and border regions near Syria, Kirkuk Governor Najmadin Karim said Tuesday amid growing pressure on Iraqi army to launch the operation.

The city and its immediate localities had a population of 500,000 people before it was captured by the ISIS militants in mid-2014 but it is estimated that around half of the residents have fled the area, mostly to the nearby Kirkuk city adding to its dramatic refugee crisis.

“They have openly said that before Mosul operation is complete, the Hawija offensive will not start and now they have also said that ISIS-held territories in Anbar province on the Jordan-Syria border must be liberated before the operation to retake Hawija begins,” Karim told reporters in Kirkuk after meeting with Arab Sunni groups who have demanded the government to step up the operation.

Iraqi Prime Minister Haider al-Abadi said Tuesday that Hawija operation will begin after the liberation of Mosul from the ISIS militants where the extrimist group is engaged in fighting against the advancig Iraqi forces in the last remaining districts in western Mosul.

Iraqi forces have pushed back the militants in most areas near Hawija, and the city has virtually been sieged by Peshmerga forces since August last year. But the incursion of the army into the city has been postponed largely to avoid costly street and house to house clashes inside the city where ISIS has had time to build fortified bases including ditches protected by planted landmines.

Iraqi and Kurdish authorities also fear that incursion of the predominantly non-Sunni forces into the city could trigger a wider ethnic gun-battle across the contested areas else where in the country. Hawija has been at the center of multiple Sunni insurgencies and popular uprisings since 2004.

Sunni groups from Hawija have in the past shown support to participating in the operation and said over 6000 local volunteers are prepared to join the action to reduce Sunni anxiety in the face of an army offensive.

“We will put more pressure until our voice is heard and our areas liberated,” said Hatam Tayi, head of a Sunni faction from Hawija adding that a large demonstration will be held in Kirkuk in the coming days to pressure the government to launch the offensive.

______________________________________________________________

“In America, we don’t worship government. We worship God” – President Trump

______________________________________________________________

Army Commander: Iraqi Forces to Drive ISIL out of Western Mosul by Friday

An Iraqi Army official in Nineveh province said he expects full liberation of the Western side of Mosul by Friday.

“Iraqi troops managed to retake most regions and districts in Western Mosul from the ISIL terrorists,” an Iraqi army commander told Sputnik, expecting the whole region to be freed by Friday.

“The total number of families evacuated from battlefields have reached 850 so far since the start of the last phase of military operations in Western Mosul on May 6,” Jawdat said.

Iraqi commanders had predicted recapturing the remaining parts of the city this month.

______________________________________________________________

Parliamentary calls for the formation of a Supreme Council of oil and energy under the supervision of Abadi

BAGHDAD – A member of the oil and energy parliamentary committee Ali Faysal al-Fayadh on Wednesday called for the formation of a higher council for oil and energy under the direct supervision of Prime Minister Haider al-Abadi, whose task is to oversee and plan the Iraqi oil policy, manage contracts and agreements and partnerships.

Al-Fayadh said in a statement received by Iraq News, “At a time when there is an increasing need to develop and expand the interest in the oil and energy portfolio, which represents the vital artery and the most important for the Iraqi individual, we call for the formation of a higher oil and energy council in the country. Oil contracts and the follow-up of export contracts and the development of oil industries, and make the Council, the Supreme Authority and not limited to marketing company oil Sumo, which dominates the Iraqi oil sector and is the only party controlling the conclusion of contracts for the export of crude oil as well as export contracts and Esther ED derivatives “.

Al-Fayyad added that “there is foggy and unclear in many of its transactions (Sumo) and its contracts with international companies, but the Supreme Council of Oil and Energy will remove all the question marks placed on the general management of the energy file, especially that it will be under the direct supervision of the Prime Minister and the membership of each of the oil ministers Foreign affairs, finance, electricity, planning and personalities with expertise and expertise in the oil field. ”

He continued that “most of the world’s oil has higher boards of wealth management and the conclusion of agreements and deals and the presence of the Council will be important at the moment, especially as Iraq depends on the revolution oil as a primary source of resources,” and called on the parliamentary blocs and political “to support this proposal and translated on the ground to preserve wealth And not leaving it in constant loss. ”

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A consultative meeting of the three presidencies and leaders of the political blocs

Baghdad / Range Held three presidencies and a number of leaders of the political blocs, a consultative meeting, which discussed a number of topics, including the preparation of the requirements of the upcoming elections and the latest developments in the battle to liberate Mosul.

“The Peace Palace in Baghdad hosted a consultative meeting between the three presidents and leaders of a number of political blocs to discuss political and security developments as well as regional and international developments,” the statement said.

The presidential statement said that “the meeting was attended by President Fuad Masum, Prime Minister Haider al-Abadi, Speaker of Parliament Salim al-Jubouri, Vice President Nouri al-Maliki, Deputy Speaker of the House of Representatives Aram Sheikh Mohammed, The Kurdistan Democratic Party Fadhil Mirani, a member of the Political Bureau of the Patriotic Union of Kurdistan Adnan Mufti, and the head of the coalition of Arab Saleh al-Mutlaq.

“The meeting focused on the need to move forward to prepare the laws and requirements for the holding of the upcoming elections, as well as to accelerate the completion of the process of selecting the Council of the High Commission for Elections,” the Presidency said.

“The meeting was followed by the victories achieved by our armed forces to organize the preacher in the battle to liberate Mosul, And the legislation of the laws of the Federal Court and the Federal Service Council, “stressing at the same time” to provide full support to the government in its actions against any violation of the rule of law. ”

The meeting also discussed ways to speed up the return of displaced people, continue initiatives to achieve community reconciliation and work to strengthen Iraq’s status at the regional and international levels.

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Iraqi forces recapture western Mosul’s al-Rifaie district, a major IS bastion

Iraqi government forces recaptured on Wednesday al-Rifaie district, a major area held by the Islamic State where intense battles have been running to retake the region.

The Defense Ministry’s War Media Cell said the army’s elite Counter-Terrorism Service took over the district completely and raised the Iraqi flags above its buildings.

Al-Rifaie is one of a handful of northwestern Mosul neighborhoods which Iraqi forces have been sweeping through over the past two weeks on its way to invade the strategic Old City, the most significant IS-held target where the group first declared the establishment of its rule in 2014.

Earlier this week, the Iraqi Joint Operations Command said it controls 89.5 percent of western Mosul territory and that more than 16000 militants were killed since operations launched to liberate Mosul in October.

Some generals were quoted saying they predict the city to be free before the end of ths month.

In a relevant context, Maj. Gen. Najm al-Jubouri, a senior commander of the JOC’s Nineveh Operations, said Iraqi forces had started erecting bridges to facilitate the movement of civilians from the western region to the eastern side which government troops recaptured in January.

Five bridges linking the city’s two sides above the Tigris River were destroyed by fighter jets ahead of launching the western Mosul offensive in February as part of a plan to prevent IS members from running from the east to the west.

“Security troops are about to set up bridges linking Hawi al-Kanisah (northwest) with the east,” Jubouri said, adding that the step aims to speed up the movement of civilians.

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“Iraqi oil”: the process of exporting Kirkuk oil is not clear and beyond the control of the central government

A spokesman for the Iraqi Oil Ministry, Asim Jihad, during his conversation with Roudao correspondent, Mustafa Koran

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

Transport announces the opening of a direct air line between Baghdad and Belgrade at the end of this month

______________________________________________________________

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

Iraq Stock Exchange discusses technology solutions in Beirut for its applications

Abdul Salam expected that “the meetings of the conference will witness further discussions and meetings between investment companies and those interested in stock markets.”

______________________________________________________________

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

Parliament votes tomorrow on the proposed law on the operation of the first graduates

(Baghdad: Al-Furat News) The House of Representatives will resume on Tuesday its regular session to vote on two draft laws.

The statement said the meeting included “the report and discussion of the draft law on the residence of foreigners, and the report and discussion of the draft law on delegation of powers.”

______________________________________________________________

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Deputy for the citizen: The next battle requires the return of the work of factories stalled

(Baghdad: al-Furat News) The MP from the mass of citizen Mohammed al-Masoudi, on Monday, that the battle of Iraq next requires the return of the work of government plants stalled.

“There are instructions issued to the local governments not to approve and according to the powers granted to them to promote the transfer of employees of the Ministry of Industry and Minerals to the rest of the ministries to preserve the competencies in them and not to empty, and because the Iraqi industry and only The future vision of both the Iraqi parliament and the federal government is on the verge of a major industrial boom. ”

He added that “the Iraqi industry suffers from several problems trying both the parliament and the government to eliminate or reduce them, including the high cost of production of one commodity compared to competition of foreign goods because of high costs of production, especially with regard to energy, in addition to the financial allocations related to loans Support and facilities for the establishment of Iraqi national industries and the reluctance of the investor to enter the Iraqi market for lack of financial cover and a strong bank protects him.

He pointed out that “the federal government is working on the abolition of the Bramir law on the settlement of the salaries of industry and dependence on the advances granted by the government, and thus deprive workers in this sector of financial allocations and irregular in their salaries and their withdrawal to the ministries that may provide them with these financial resources.”

Masoudi pointed out that “the battle of Iraq next will be in one aspect save hundreds of government factories stalled and return them to the ranks of Arab industry at least.”

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Iraq: Lack of accuracy in statistics confuses business

Baghdad – Journal News A number of specialists attributed the reasons that led to the weakness in the availability of accurate statistics for the trade of services in Iraq to the exceptional circumstances experienced by the country during the past years, which greatly affected the provision of statistical data.

A spokesman for the Ministry of Planning and Development Cooperation, Abdul-Zahra al-Hindawi, told the “Journal News” on Tuesday, “The statistical data on many important joints turned into projects that seek the Central Bureau of Statistics of the Ministry of Planning achieved by the adoption of United Nations organizations, especially data on population and health “But with regard to the commercial aspect,” there are some problems in this sector, especially in the field of trade exchange between Iraq and other countries. ”

On the other hand, the Iraqi economic expert, Majid al-Suri, in a statement to the “Journal News” on Tuesday, that the statistics on the file of international trade in the field of services “exist but suffers from lack of coordination both by the Ministry of Planning and the Ministry of Oil.” A statistic issued by the Ministry of Commerce and the Ministry of Planning in respect of services imported to Iraq while there are no services exported from Iraq. ”

He pointed out that “the confusion in the registration of statistics has a negative impact as it is the basis of scientific analysis and auditing and the development of strategies and auditing and planning and therefore the lack of accuracy on these statistics cause a major imbalance can not be overcome by all specialists in the various fields, whether economic or social.

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

Currency Auctions Announcement No. 3444

This daily currency auction was held in the Central Bank of Iraq on the 05-16-2017

DETAILS	NOTES
Number of banks	36
Number of remittance companies	11
Amount sold at auction price (US$)	159,812,043
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	159,812,043
Total offers for selling (US$)	—–

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

______________________________________________________________

CURRENCY	CODE	SELL	BUY
US dollar	USD	1184.000	1182.000
Euro	EUR	1309.386	1308.731
British pound	GBP	1526.413	1525.650
Canadian dollar	CAD	870.332	869.897
Swiss franc	CHF	1195.960	1195.362
Swedish krona	SEK	134.697	134.630
Norwegian krone	NOK	139.419	139.349
Danish krone	DKK	176.007	175.919
Japanese yen	JPY	10.433	10.427
Special Drawing Rights	SDR	1625.940	1625.127