Abadi vows to chase the big thieves and recover the money they have seized

Baghdad – Mawazine News – Prime Minister Haidar al-Abadi vowed on Thursday to hold a meeting with the district directors and municipal units in Baghdad to hunt down the big money and recover the money they seized, while stressing that he would challenge any law legislated by the parliament.

A statement from the Prime Minister’s Office, received a copy of the “Mawazine News” that “Abadi, held a meeting with the district managers and municipal units in the city of Baghdad.”

“Iraq has gone through a difficult stage and a serious existential and economic challenge, and we have emerged victorious and united, and we must now work to harness all national capabilities and capabilities to provide services to citizens after the great victory achieved with the most sacrifices and the least potential,” he said.

He called on the district directors and municipal units in the city of Baghdad to “follow the field for every small and large and be true to promises to provide services and not give false promises can not be met, and away from partisan loyalties or accelerate the work of electoral motives at the expense of quality,” stressing the “necessity Make the most of the available resources. ”

He called on Abadi, “to provide appropriate services in return for collection and not to be tax to take amounts without services with the need to stop waste.”

As for the problem of abuses, Abadi said, “When we take into account the humanitarian situation of citizens, we must differentiate between the senior thieves who seized the state land and the poor citizens in need of housing, and any law legislated by the parliament and benefiting from it will appeal to the senior thieves, as well as the amnesty law, which includes kidnappers and criminals” , Pledging to “prosecute the thieves and recover the money they seized.”…

Read Full article Text: mawazin.net (Special Thanks to Charles Bright)
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For the first time in Iraq .. The launch of salaries through the MasterCard card world

Baghdad / … Al-Rasheed Bank announced Friday the launch of the first installment of salaries through the MasterCard card, one of the electronic payment tools, pointing out that the card is drawn from inside and outside Iraq .

The bank’s information office said in a statement received by “Eye of Iraq News” that “the Rashid Bank launched the first installment of salaries through the card MasterCard International Nakheel electronic payment tools .”

The bank called on all departments and ministries to “speed up the settlement of salaries of their employees and their access to the card so that the bank can give them advances and loans, knowing that the card helps the citizen to save and protect him from circulation of counterfeit currency and damage and retain salaries from thefts suffered during the transfer of salaries .”

He continued, “The card is drawn from inside and outside Iraq and the bank recently distributed a number of ATMs in Baghdad and the provinces, knowing that the commission of the card (10) thousands of dinars, three years.” Finished 2

Article Credit: aynaliraqnews.com (Special Thanks to Tim Tarkington)
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Abadi: We call for political consensus for the sake of the country

Prime Minister Haider al-Abadi on Saturday called for a political consensus for the sake of the country’s interests, stressing that Iraq seeks to build relations with countries on the basis of common interests.

“We are with the political consensus that cares for the interest of the country and the citizens, and we are not with the political consensus that is looking for privileges and positions,” Abadi said during the memorial ceremony on the occasion of Iraqi Martyr Day.

“We want a strong country and a unified Iraq that plays an important role in the region and the world,” he said.

“Building relations with countries on the basis of common interests, we do not want relations to provide the interest of the other to our national interest.”

He added that “any conflict in the region will show terrorist groups and this is not in the interest of anyone, and not a day only to uncover terrorist cells and pursue them in cities and deserts and towns.”…

Read full text: mawazin.net (Special Thanks to Charles Bright)

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Central Bank of Iraq Auctions $200,110,472 on 15 March 2018

Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on March 15 registered $200,110,472 in sales, a 0.39% volume increase from the US $199,335,352 sold by Iraqi Dinar, credit and transfer at the previous auction held on March 14.

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on March 15 compared to the previous auction.

Data for the March 15 auction was made public by CBI Announcement Number 3656.

Dollar sales in the in the period January 1, 2018 to March 15, 2018 saw an increase of -1% compared to the sales of US $7.62 billion in the same period in 2017. The total amount of US currency sold by CBI in the calendar year 2017 was US $15.7 billion.

An analysis of the monthly dollar sales by CBI since January 2016 reveals highly fluctuating volumes. During the period from January 2016 to February 2018, sales of US dollars averaged US $1.89 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.

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

BGG ~ We will continue to highlight the regular auctions.

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The value of the Iraqi dinar rose against the dollar by 0.20%

The value of the dinar rose 0.20% against the dollar on Thursday, after the central bank sold more than $ 181 million to cover the private sector’s dollar needs to import and meet the requirements of travelers for tourism, treatment and work.

The exchange rate of the dollar in the capital Baghdad:

The sale price of the dollar = 121.750 dinars
The price of buying the dollar = 120.750 dinars

The dollar exchange rates were recorded in the northern governorates:

The sale price of the dollar = 122.250 dinars
The price of buying the dollar = 121.250 dinars

The dollar exchange rates were recorded in the southern governorates:

The sale price of the dollar = 122,000 dinars
The purchase price of the dollar = 121,000 dinars

Article Credit: en.economiciraq.com (Special Thanks to Charles Bright)

BGG ~ They almost NEVER show the buy/sell in the various regions like this… so this isn’t vital information “tourists” need (as if there were any of those in Iraq)… it’s an advertisement directed at the IMF and the world.

It’s up to you to figure out why.

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BGG ~ I didn’t really see much “guru commentary” worth printing… I will be back with some very direct comments later this afternoon.

Thanks

Read more: http://www.dinarupdates.com/observer/
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Kaperoni (Dinar Guru) –   I don’t understand why so many are trying to figure out what the correct 2% spread is for the Market Rate?  This is pretty simple….  The Official Rate at the CBI is 1184, you add the CBI commissions on auction currency of 6 dinars to reach 1190.  The spread then is derived from this at 2% or 24 dinars making it 1214 to $1 or less to be in compliance.  Based on today’s numbers, they are within compliance.

Read more: http://www.dinarupdates.com/observer/
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Parliamentary economy: the coming days the date of passing the law of oil and gas

Special – Mawazine News – A member of the Committee on Economy and Investment parliamentary, Harith al-Harithi, Wednesday, that the next few days will witness the vote on the laws of a very important, while noting that among these laws the law of oil and gas.

Al-Harithi told Mawazine News that “the next few days will witness the completion of all the laws that are stalled reading and voting to end this few remaining period of parliament by reading the largest number of laws.”

He explained that “the important laws that will be read are the law of oil and gas for its economic importance and the revenues of the state and how to deal with it, in addition to the laws of parties and social security and health professions and many laws will be read and voted to end.

It is noteworthy that there is a package of laws in the House of Representatives because of the differences of political blocs around them, and was deported to several parliamentary sessions. Ended 29/6 N

Article Credit: mawazin.net (Special Thanks to Tim Tarkington)
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BGG (Dinar Guru) –   ...according to the IMF’s own published documents Iraq has been in compliance with their MCP policies for quite some time now, with the exception of one situation with Jordan (or someone like that)… but they were given a technical waiver on this one instance.

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

Adam Montana (Dinar Guru) –   Dinar is so on the verge of making a breakthrough. I don’t even know what to say right now! Yes, this could be another false flag… but it might be our time. Many of us are about to receive an incredible amount of wealth…

Read more: http://www.dinarupdates.com/observer/
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Parliamentary Energy: The law of the National Oil Company will give a share to every Iraqi citizen

The Iraqi oil and energy committee revealed on Tuesday that the Iraqi National Oil Company (INCOC) will include at least 10 percent of the funds in the first experiment in the country, while one of the funds will give each Iraqi citizen residing within the country a share of that percentage. “The legislation of the law of the Iraqi National Oil Company represents a great achievement for the House of Representatives, which re-established the law of forming the company, which was canceled by personal decisions of the former regime in 1987 after there was a law,” Ali al-Bahadli, chairman of the committee, told a news conference with members of the committee. No. 123 of 1967, where it was merged and subordinated to the Ministry of Oil, “noting that” after 2004 tried to the Ministry of Oil and former Minister Ibrahim Bahr al-Ulum to reactivate the law of the National Oil Company, but those efforts collided with objections from some. ”

Al-Bahadli added that “the law and after the efforts and discussions and workshops lasted for several months has seen the light, where will work to activate investment in refineries and the gas industry and all the goals set for the success of the work of the company can be achieved through several objectives and means in investment and exploration of new structures and activate investment under the mechanisms and scientific foundations And technical, “pointing out that” some understand that the company has powers higher than what some expect, but really draws its work and powers of the Constitution, the arm of the Ministry of Oil, which draws oil policies of the country and the company is working to implement those policies. “…

Read More: http://www.dinarupdates.com/showthread.php?56437-Parliamentary-Energy-The-law-of-the-National-Oil-Company-will-give-a-share-to-every
______________________________________________________________

Some interesting headlines…

Electronic banking has been launched in Iraq

Abadi: Iraq will become a global economic power

Predictions: Abadi when winning a second term .. will do 5 things

______________________________________________________________

The rise in the value of the dinar strengthens international confidence in the Iraqi economy

Baghdad / Hussein Thugb – The recovery of the Iraqi dinar and the stability of the exchange rate leads to the strengthening of international confidence in the national economy, where local markets indicated an increase in the value of the Iraqi dinar against the dollar and conflicting views on this and came the opinion of the Central Bank to be the subject.

Director of operations at the Central Bank of Iraq, Mahmoud Dagher, said that “the improvement of the value of the Iraqi dinar against the dollar recently, is not a new phenomenon, but the outcome of the work continued for a full year, was through the identification of large measures on the process of currency presentation and address violations of demand. Classification and audit and noted that “over the past year we were able to achieve great stability of the upper and lower limits to the dollar either Aldnyar, and then we moved to a new situation this year , represented a new classification procedures adopted and auditing, as well as the offer.” Greater coverage and added that ” it is hard to be one variable indicator in this change , there are several measures and cover greater demand for the dollar, as well as emphasis on control over the sales operations with banks and regulate this process accurately based on classifications.

Read More: http://www.dinarupdates.com/showthread.php?56471-Rise-in-the-value-of-dinar-strengthens-international-confidence-in-the-Iraqi-economy

(Special Thanks to LoopBack)

Dave S – “the improvement of the value of the Iraqi dinar recently, is not a new phenomenon, but the outcome of the work continued for a full year, was through the identification on the process of currency presentation and address violations of demand.”

In other words nothing has changed on a national level.

The dinar has continued to fluctuate as in the past against the dollar on a national level.

The challenge is going to an international level meaning that in order to do that their needs to be a change in “classification “, in my opinion, lower denominations for ATMs and for the purposes of auditing etc… 

This is the process to get the dinar recognized on an international level.

I could be wrong but just my humble interpretation of this article.

______________________________________________________________

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!!)

______________________________________________________________

Post RV Checklist (it’s getting to be that time!! Listen up!!)

Dos and Don’ts of Windfall Wealth:

Treat it like a PowerBall win

– Tell no one, not even family. If you must talk, do so with one who is already in the know.

– Don’t run out & buy new “stuff”. People notice.

– Get an unpublished number and give it out very sparingly.

– Get a tax accountant you can trust to make sure the IRS is satisfied (Certified Opinion is something to look into) and pursue asset protection…

Read Complete List: http://www.dinarupdates.com/showthread.php?18519-The-Post-RV-Checklist-and-Flashback-documents&p=128477#post128477
______________________________________________________________

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

Parliamentary economy: the coming days the date of passing the law of oil and gas

Special – Mawazine News – A member of the Committee on Economy and Investment parliamentary, Harith al-Harithi, Wednesday, that the next few days will witness the vote on the laws of a very important, while noting that among these laws the law of oil and gas.

Al-Harithi told Mawazine News that “the next few days will witness the completion of all the laws that are stalled reading and voting to end this few remaining period of parliament by reading the largest number of laws.”

He explained that “the important laws that will be read are the law of oil and gas for its economic importance and the revenues of the state and how to deal with it, in addition to the laws of parties and social security and health professions and many laws will be read and voted to end.

It is noteworthy that there is a package of laws in the House of Representatives because of the differences of political blocs around them, and was deported to several parliamentary sessions. Ended 29/6 N

Article Credit: mawazin.net (Special Thanks to Tim Tarkington)
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Deputy: not to ratify the infallible balance of bias to the ruling family in the region

Baghdad Mawazine News – The deputy in parliament Mohamed Chihod, on Thursday, the lack of approval of President Fuad Masum on the federal budget law of 2018 bias to the ruling family in the Kurdistan region.

“The parliamentary session today includes a number of laws on the agenda, some need to read first and others require legislation,” Chihod told Mawazine News.

He added that “in the event of a quorum, we need to legislate important laws, most notably the law of nursing and health professionals, which are one of the most important laws that must be voted at this session as they are important segment.”

With regard to the non-ratification of the president is infallible on the budget, said Chihod, “This promises to abdicate his responsibilities and the constitutional oath, and a clear bias of the ruling family in the Kurdistan region.”

He stressed that “the budget law will be passed in the event of ratification of the law or not.”

Article Credit: mawazin.net (Special Thanks to Charles Bright)

BGG ~ Chihod is saying this “non-ratification” of the budget is the Barzani family still trying to throw a wrench in the works. It’s all they have left.

I’m curious when the Kurdish people are going to figure out the Barzanis are as bad as any of the others??

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Jubouri: Budget will not be presented again to the House of Representatives

Lawmakers promise to restore the budget to the House of Representatives (a constitutional breach)

BAGHDAD / Sabah / Omar Abdul Latif / Muhannad Abdul Wahab returned parliamentary circles, rejected the President of the Republic, Fuad Masum, the ratification of the federal budget law for 2018 and return to Parliament, because of what he described as ” Legal and constitutional violations, “is unconstitutional and can not be accepted. While they hinted at the existence of political motives forced the President to return to parliament, they confirmed that it will be considered as a ratification after 15 days of sending to the presidency of the republic.

For his part, the Speaker of the House of Representatives, Salim Jubouri, that the budget «has become a law and will not be submitted to the House of Representatives again».

The Prime Minister, Haider Abadi, has confirmed, in the first official reaction to the re-budget to parliament, on Tuesday, that “no one has the right to suspend the general budget of the country after the vote by the House of Representatives,” expressing his hope to »A copy of the budget of the Presidency of the Republic to be effective».

The budget has become «law» as the Speaker of the House of Representatives, Salim al-Jubouri that the draft budget law became «a law after the vote by the Council» pointing out that any observations can be fixed on the origin of the law and challenged in the Federal Court…

Read More: http://www.dinarupdates.com/showthread.php?56505-Jubouri-Budget-will-not-be-presented-again-to-the-House-of-Representatives  (Special Thanks to Loopster)

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Central Bank of Iraq Auctions $200,110,472 on 15 March 2018

Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on March 15 registered $200,110,472 in sales, a 0.39% volume increase from the US $199,335,352 sold by Iraqi Dinar, credit and transfer at the previous auction held on March 14.

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on March 15 compared to the previous auction.

Data for the March 15 auction was made public by CBI Announcement Number 3656.

Dollar sales in the in the period January 1, 2018 to March 15, 2018 saw an increase of -1% compared to the sales of US $7.62 billion in the same period in 2017. The total amount of US currency sold by CBI in the calendar year 2017 was US $15.7 billion.

An analysis of the monthly dollar sales by CBI since January 2016 reveals highly fluctuating volumes. During the period from January 2016 to February 2018, sales of US dollars averaged US $1.89 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.

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

BGG ~ We will continue to highlight the regular auctions.

______________________________________________________________

The value of the Iraqi dinar rose against the dollar by 0.20%

The value of the dinar rose 0.20% against the dollar on Thursday, after the central bank sold more than $ 181 million to cover the private sector’s dollar needs to import and meet the requirements of travelers for tourism, treatment and work.

The exchange rate of the dollar in the capital Baghdad:

The sale price of the dollar = 121.750 dinars
The price of buying the dollar = 120.750 dinars

The dollar exchange rates were recorded in the northern governorates:

The sale price of the dollar = 122.250 dinars
The price of buying the dollar = 121.250 dinars

The dollar exchange rates were recorded in the southern governorates:

The sale price of the dollar = 122,000 dinars
The purchase price of the dollar = 121,000 dinars

Article Credit: en.economiciraq.com (Special Thanks to Charles Bright)

BGG ~ They almost NEVER show the buy/sell in the various regions like this… so this isn’t vital information “tourists” need (as if there were any of those in Iraq)… it’s an advertisement directed at the IMF and the world.

It’s up to you to figure out why.

______________________________________________________________

Adam Montana (Dinar Guru) –   Dinar is so on the verge of making a breakthrough. I don’t even know what to say right now! Yes, this could be another false flag… but it might be our time. Many of us are about to receive an incredible amount of wealth…

Read more: http://www.dinarupdates.com/observer/
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Don961 (Dinar Guru) –   Article:  “The Presidency of the Republic reveals the reason for the refusal of the infallible ratification of the budget”  imo…the key phrases are:   “the existence of about 31 points intersect with the legislation in force,”…re-audit form and content of Constitutional, legal and financial aspects “.  “…scrutinize in detail to diagnose the most important constitutional and legal and financial violations of some of the articles or items or paragraphs that need to be addressed before ratification and to address any imbalance in the formulation Formalism“.   Masoum is fixing the redundancy and the illegalities of some of the added articles … that Parliament overlooked or ignored.

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

BGG ~ Not according to the news out today!!

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Law of the National Oil Company .. A new era for the development of the economy

BAGHDAD (Reuters) – The House of Representatives voted Monday on a draft law of the National Oil Company, which will contribute to the development of the Iraqi oil industry, which aims to establish an Iraqi national oil company and enable it to carry out its work in the best way possible. National wealth said the academic economist d. Majid al-Baydani said in an interview with Al-Sabah that “the approval of the law of the National Oil Company will be a new era for the oil industry in the country as it will encourage the adoption of advanced scientific and technological methods to manage the national wealth to support the development of the economy.” “This will be an important shift in the development of extracting, marketing, transportation, storage and sales to the point of delivery and other oil operations,” he said.

The largest company

Al-Baydani said that “the Iraqi National Oil Company will be the second largest oil company in the world after Aramco and the largest of all international oil companies, which calls for the President to have a degree of experience and efficiency appropriate, commensurate with the powers of the company and capital.”

Article 2 of the law establishing the company consists of the capital of the company of (400) billion dinars paid by the government with the approval of the Council of Ministers and the company increase its capital on the proposal of its board of directors and approval of the Council of Ministers after the presentation of the feasibility study.

As stated in Article 5 of it “The Iraqi National Oil Company invests all the oil and gas areas in all the territory of the Republic of Iraq and its territorial waters and continental shelf, and may share with others the approval of the Council of Ministers if it finds it better to achieve its purposes and has the right to borrow from inside or outside Iraq to finance its investments inside Iraq and outside…

Read More: http://www.dinarupdates.com/showthread.php?56455-Law-of-the-National-Oil-Company-A-new-era-for-the-development-of-the-economy&p=181443#post181443

Key Phrase:

…the inclusion of the Iraqi National Oil Company A minimum of 10 percent is placed in four boxes with the first experience in the country, and one of the funds will give each Iraqi citizen residing within the country a share of that percentage…
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Apmcrx (Dinar Guru) –  Article:  “Abadi: Iraq will become an economic power in the world”  IMO in My speculative opinion!!!…   Every day Iraq is telling us they will be a great again (like america) but this “economic development” is something that no any country can make overnight…not even U.S…so in my opinion the reforms will work over the time maybe all the way to the next Iraqs fiscal year or maybe the next after that one…IMO.

Read more: http://www.dinarupdates.com/observer/
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Mnt Goat (Dinar Guru) –    So recently many asked me when is the 90 days up for the MCP monitoring program by the IMF?   The reinstatement submittal was done in late December. No firm date is known.Get it? The article did not give us a date.  If we give a week from the last week in December for the IMF to review Iraq’s request this puts us to at least the end of the year 2017.  Then if they do place a mandatory monitoring program in place for the MCP we can see 90 days probably begins around Jan 1st.  So if we go out 90 days then where do we land?  So knowing all this then when do you think we might see it happen?  …no one knows the date of the RV, we only speculate and try to figure it out using the best information we have on hand at the time.  It’s not rocket science to see a possible window coming up very soon… 

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

BGG ~ I have no idea what this person is trying to say… according to the IMF’s own published documents Iraq has been in compliance with their MCP policies for quite some time now, with the exception of one situation with Jordan (or someone like that)… but they were given a technical waiver on this one instance.

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Parliamentary Energy: The law of the National Oil Company will give a share to every Iraqi citizen

The Iraqi oil and energy committee revealed on Tuesday that the Iraqi National Oil Company (INCOC) will include at least 10 percent of the funds in the first experiment in the country, while one of the funds will give each Iraqi citizen residing within the country a share of that percentage. “The legislation of the law of the Iraqi National Oil Company represents a great achievement for the House of Representatives, which re-established the law of forming the company, which was canceled by personal decisions of the former regime in 1987 after there was a law,” Ali al-Bahadli, chairman of the committee, told a news conference with members of the committee. No. 123 of 1967, where it was merged and subordinated to the Ministry of Oil, “noting that” after 2004 tried to the Ministry of Oil and former Minister Ibrahim Bahr al-Ulum to reactivate the law of the National Oil Company, but those efforts collided with objections from some. ”

Al-Bahadli added that “the law and after the efforts and discussions and workshops lasted for several months has seen the light, where will work to activate investment in refineries and the gas industry and all the goals set for the success of the work of the company can be achieved through several objectives and means in investment and exploration of new structures and activate investment under the mechanisms and scientific foundations And technical, “pointing out that” some understand that the company has powers higher than what some expect, but really draws its work and powers of the Constitution, the arm of the Ministry of Oil, which draws oil policies of the country and the company is working to implement those policies. “…

Read More: http://www.dinarupdates.com/showthread.php?56437-Parliamentary-Energy-The-law-of-the-National-Oil-Company-will-give-a-share-to-every
______________________________________________________________

Some interesting headlines…

Electronic banking has been launched in Iraq

Abadi: Iraq will become a global economic power

Predictions: Abadi when winning a second term .. will do 5 things

______________________________________________________________

The rise in the value of the dinar strengthens international confidence in the Iraqi economy

Baghdad / Hussein Thugb – The recovery of the Iraqi dinar and the stability of the exchange rate leads to the strengthening of international confidence in the national economy, where local markets indicated an increase in the value of the Iraqi dinar against the dollar and conflicting views on this and came the opinion of the Central Bank to be the subject.

Director of operations at the Central Bank of Iraq, Mahmoud Dagher, said that “the improvement of the value of the Iraqi dinar against the dollar recently, is not a new phenomenon, but the outcome of the work continued for a full year, was through the identification of large measures on the process of currency presentation and address violations of demand. Classification and audit and noted that “over the past year we were able to achieve great stability of the upper and lower limits to the dollar either Aldnyar, and then we moved to a new situation this year , represented a new classification procedures adopted and auditing, as well as the offer.” Greater coverage and added that ” it is hard to be one variable indicator in this change , there are several measures and cover greater demand for the dollar, as well as emphasis on control over the sales operations with banks and regulate this process accurately based on classifications.

Read More: http://www.dinarupdates.com/showthread.php?56471-Rise-in-the-value-of-dinar-strengthens-international-confidence-in-the-Iraqi-economy

(Special Thanks to LoopBack)

Dave S – “the improvement of the value of the Iraqi dinar recently, is not a new phenomenon, but the outcome of the work continued for a full year, was through the identification on the process of currency presentation and address violations of demand.”

In other words nothing has changed on a national level.

The dinar has continued to fluctuate as in the past against the dollar on a national level.

The challenge is going to an international level meaning that in order to do that their needs to be a change in “classification “, in my opinion, lower denominations for ATMs and for the purposes of auditing etc… 

This is the process to get the dinar recognized on an international level.

I could be wrong but just my humble interpretation of this article.

______________________________________________________________

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!!)

______________________________________________________________

Post RV Checklist (it’s getting to be that time!! Listen up!!)

Dos and Don’ts of Windfall Wealth:

Treat it like a PowerBall win

– Tell no one, not even family. If you must talk, do so with one who is already in the know.

– Don’t run out & buy new “stuff”. People notice.

– Get an unpublished number and give it out very sparingly.

– Get a tax accountant you can trust to make sure the IRS is satisfied (Certified Opinion is something to look into) and pursue asset protection…

Read Complete List: http://www.dinarupdates.com/showthread.php?18519-The-Post-RV-Checklist-and-Flashback-documents&p=128477#post128477
______________________________________________________________

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

The parliamentary economy: the coming days the date of passing the law of oil and gas

Special – Mawazine News – A member of the Committee on Economy and Investment parliamentary, Harith al-Harithi, Wednesday, that the next few days will witness the vote on the laws of a very important, while noting that among these laws the law of oil and gas.

Al-Harithi told Mawazine News that “the next few days will witness the completion of all the laws that are stalled reading and voting to end this few remaining period of parliament by reading the largest number of laws.”

He explained that “the important laws that will be read are the law of oil and gas for its economic importance and the revenues of the state and how to deal with it, in addition to the laws of parties and social security and health professions and many laws will be read and voted to end.

It is noteworthy that there is a package of laws in the House of Representatives because of the differences of political blocs around them, and was deported to several parliamentary sessions. Ended 29/6 N

Article Credit: mawazin.net (Special Thanks to Tim Tarkington)
______________________________________________________________

The rise in the value of the dinar strengthens international confidence in the Iraqi economy

Baghdad / Hussein Thugb – The recovery of the Iraqi dinar and the stability of the exchange rate leads to the strengthening of international confidence in the national economy, where local markets indicated an increase in the value of the Iraqi dinar against the dollar and conflicting views on this and came the opinion of the Central Bank to be the subject.

Director of operations at the Central Bank of Iraq, Mahmoud Dagher, said that “the improvement of the value of the Iraqi dinar against the dollar recently, is not a new phenomenon, but the outcome of the work continued for a full year, was through the identification of large measures on the process of currency presentation and address violations of demand. Classification and audit and noted that “over the past year we were able to achieve great stability of the upper and lower limits to the dollar either Aldnyar, and then we moved to a new situation this year , represented a new classification procedures adopted and auditing, as well as the offer.” Greater coverage and added that ” it is hard to be one variable indicator in this change , there are several measures and cover greater demand for the dollar, as well as emphasis on control over the sales operations with banks and regulate this process accurately based on classifications.

Read More: http://www.dinarupdates.com/showthread.php?56471-Rise-in-the-value-of-dinar-strengthens-international-confidence-in-the-Iraqi-economy

(Special Thanks to LoopBack)

Dave S – “the improvement of the value of the Iraqi dinar recently, is not a new phenomenon, but the outcome of the work continued for a full year, was through the identification on the process of currency presentation and address violations of demand.”

In other words nothing has changed on a national level.

The dinar has continued to fluctuate as in the past against the dollar on a national level.

The challenge is going to an international level meaning that in order to do that their needs to be a change in “classification “, in my opinion, lower denominations for ATMs and for the purposes of auditing etc… 

This is the process to get the dinar recognized on an international level.

I could be wrong but just my humble interpretation of this article.

______________________________________________________________

______________________________________________________________

Law of the National Oil Company .. A new era for the development of the economy

BAGHDAD (Reuters) – The House of Representatives voted Monday on a draft law of the National Oil Company, which will contribute to the development of the Iraqi oil industry, which aims to establish an Iraqi national oil company and enable it to carry out its work in the best way possible. National wealth said the academic economist d. Majid al-Baydani said in an interview with Al-Sabah that “the approval of the law of the National Oil Company will be a new era for the oil industry in the country as it will encourage the adoption of advanced scientific and technological methods to manage the national wealth to support the development of the economy.” “This will be an important shift in the development of extracting, marketing, transportation, storage and sales to the point of delivery and other oil operations,” he said.

The largest company

Al-Baydani said that “the Iraqi National Oil Company will be the second largest oil company in the world after Aramco and the largest of all international oil companies, which calls for the President to have a degree of experience and efficiency appropriate, commensurate with the powers of the company and capital.”

Article 2 of the law establishing the company consists of the capital of the company of (400) billion dinars paid by the government with the approval of the Council of Ministers and the company increase its capital on the proposal of its board of directors and approval of the Council of Ministers after the presentation of the feasibility study.

As stated in Article 5 of it “The Iraqi National Oil Company invests all the oil and gas areas in all the territory of the Republic of Iraq and its territorial waters and continental shelf, and may share with others the approval of the Council of Ministers if it finds it better to achieve its purposes and has the right to borrow from inside or outside Iraq to finance its investments inside Iraq and outside…

Read More: http://www.dinarupdates.com/showthread.php?56455-Law-of-the-National-Oil-Company-A-new-era-for-the-development-of-the-economy&p=181443#post181443

Key Phrase:

…the inclusion of the Iraqi National Oil Company A minimum of 10 percent is placed in four boxes with the first experience in the country, and one of the funds will give each Iraqi citizen residing within the country a share of that percentage…
______________________________________________________________

Central Bank of Iraq Auctions $199,335,352 on 14 March 2018

Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on March 14 registered $199,335,352 in sales, a -1.18% volume decline from the US $201,715,251 sold by Iraqi Dinar, credit and transfer at the previous auction held on March 13.

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on March 14 compared to the previous auction.

Data for the March 14 auction was made public by CBI Announcement Number 3655.

Dollar sales in the in the period January 1, 2018 to March 14, 2018 saw an increase of -1% compared to the sales of US $7.47 billion in the same period in 2017. The total amount of US currency sold by CBI in the calendar year 2017 was US $15.7 billion.

An analysis of the monthly dollar sales by CBI since January 2016 reveals highly fluctuating volumes. During the period from January 2016 to February 2018, sales of US dollars averaged US $1.89 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.

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

BGG ~ We will continue to highlight the regular auctions.

______________________________________________________________

The provincial government announces a political meeting on the budget and send a message to Baghdad

The Kurdistan Region Council of Ministers during a meeting on Sunday that the passage of the federal budget law is a clear violation of the principles of partnership and consensus on which the new Iraq was built.

The Council of Ministers of the Kurdistan Region expressed its appreciation to all the Kurdish blocs in the Iraqi Council of Representatives, praising their position and aligning them together and unify their word and position on the issue of the Iraqi budget law, and supported the unity of this row.

The Council decided to hold a joint meeting in the next few days with the Parliament of Kurdistan and the political parties in the Kurdistan Region to discuss this issue. According to a government statement.

The Council of Ministers of the Kurdistan Region stressed that the Kurdistan Region, despite all the problems and differences, is committed to resolving all problems with Baghdad on the basis of the Constitution, and expressed the hope that the talks and dialogue between the Kurdistan Regional Government and the Iraqi federal government to a result in the interest of everyone and solve all Problems.

After a difficult labor, the Iraqi parliament approved yesterday the law of the general budget for 2018, ending months of disagreements on most paragraphs of the law, especially the allocations of “popular mobilization” and oil-producing provinces, at a time boycotted Kurdish deputies meeting in protest to reduce the share of the region from 17 percent to 12 , 6 percent, threatened to boycott the political process.

Article Credit: shafaaq.com

BGG ~ This is almost comical… Think about this for a sec…

These guys, none of whom are elected and aren’t regional MP’s (because the Parliament was disbanded by Massoud Barzani) – are only advisers to Nerchivan Barzani who wasn’t elected either…

…all get together, look “super-duper” official and “send a message” to Baghdad.

Really?!?

______________________________________________________________

Kaperoni (Dinar Guru) –   Article:  “Alnasiri: Implementation of the Central Bank’s strategy contributed to the improvement of the dinar’s exchange rate against the dollar”   They had a few months with the UST and IMF to figure out a plan to reduce the spread.  It seems likely they are ontrack to compliance. We all know the investment won’t come if they do not get the market economy going.  Time is running out.  I believe once it starts, it won’t take more than a year to rise to a value we are comfortable with.  Seems all we are waiting on now is sustainable compliance with the 2% spread.  We just watch and wait and see.

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

Mike (Dinar Guru) –   Article:  “Al-Hadithi: The news about the IMF’s rejection of the federal budget is not true”   Quote:  “The government denied the news that the International Monetary Fund rejected the federal budget for 2018, because it is not in line with the agreement signed between him and Iraq.”   Bottom line, Iraq is ignoring the IMF’s recommendations about taxes, reducing government payroll and other austerity measures, we’ll have to wait and see what the IMF state publicly, there’s nothing on their website regarding Iraq’s budget…yet.  It doesn’t really matter in the end, Iraq has every right to ignore the IMF’s recommendations, the problem is they’ll lose financial support from the west because of the potential political gain.

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

PM Barzani: This was not the Iraq we wanted after 2003

ERBIL, Kurdistan Region — KRG Prime Minister Nechirvan Barzani expressed that Iraq was founded after 2003 on the basis of partnership and the budget passed on Saturday did not underscore that.

The premier said at a press conference on Sunday it was “unfortunate” that the Iraqi bill was approved without meeting Kurdish demands because they reflect the government and the people.

The work of the Kurdish blocs in Baghdad was “appreciated” by Barzani.

“I want to thank all Kurdish factions for their attempts recently to guarantee Kurdish share in the budget,” he said, while promising to speak with all Kurdish parties and MPs.

“Despite all the internal issues in Kurdistan, all Kurds in Baghdad strived for Kurdistan’s interests,” Barzani said.

He stressed that he believes dialogue is the only way to resolve pending issues and he remains “hopeful.”

“I am in constant contact with Prime Minister [Haider al-Abadi] to resolve issues,” said Barzani…

Read More: http://www.dinarupdates.com/showthread.php?56432-PM-Barzani-This-was-not-the-Iraq-we-wanted-after-2003

BGG ~ PM Barzani? PM Barzani? What is he the the PM of? He wasn’t ELECTED by ANYONE!!

Oh and BTW – exactly how does the Kurdish Leadership’s theft, graft and corruption fit in this Utopian Iraq you’ve had planned since 2003??

______________________________________________________________

Sandyf (Dinar Guru) –  […trying to establish if the HCL is a necessity…]  …how is the HCL tied to a rate increase?  I wouldn’t know if it is one way or the other, but some seem to think it is. The HCL first saw the light of day in 2007 and the profit sharing aspect has been so contentious there needs to be some serious amendment to see some sort of agreement. Article 140 also needs to be addressed before they can establish who can deal with whom.

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

Mnt Goat (Dinar Guru) –   …I was being told that some news was coming from the CBI about the currency reform. But we did not yet get it. It could still happen this weekend. We will see.

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

Parliamentary Energy: The law of the National Oil Company will give a share to every Iraqi citizen

The Iraqi oil and energy committee revealed on Tuesday that the Iraqi National Oil Company (INCOC) will include at least 10 percent of the funds in the first experiment in the country, while one of the funds will give each Iraqi citizen residing within the country a share of that percentage. “The legislation of the law of the Iraqi National Oil Company represents a great achievement for the House of Representatives, which re-established the law of forming the company, which was canceled by personal decisions of the former regime in 1987 after there was a law,” Ali al-Bahadli, chairman of the committee, told a news conference with members of the committee. No. 123 of 1967, where it was merged and subordinated to the Ministry of Oil, “noting that” after 2004 tried to the Ministry of Oil and former Minister Ibrahim Bahr al-Ulum to reactivate the law of the National Oil Company, but those efforts collided with objections from some. ”

Al-Bahadli added that “the law and after the efforts and discussions and workshops lasted for several months has seen the light, where will work to activate investment in refineries and the gas industry and all the goals set for the success of the work of the company can be achieved through several objectives and means in investment and exploration of new structures and activate investment under the mechanisms and scientific foundations And technical, “pointing out that” some understand that the company has powers higher than what some expect, but really draws its work and powers of the Constitution, the arm of the Ministry of Oil, which draws oil policies of the country and the company is working to implement those policies. “…

Read More: http://www.dinarupdates.com/showthread.php?56437-Parliamentary-Energy-The-law-of-the-National-Oil-Company-will-give-a-share-to-every
______________________________________________________________

Some interesting headlines…

Kirkuk to hold elections with other provinces, first time in 13 years

Agreement Reached with Erbil to Resume Kirkuk Oil Exports: Abadi

I wonder if these guys could ever just reach ONE AGREEMENT and then keep it?? This is about the 437th agreement neither side has kept.
______________________________________________________________

How Iraq’s Prime Minister Is Trying to Build Peace After 15 Years of Conflict

On a crisp afternoon in late winter, Bassem Qassim, a 55-year-old militia fighter, drives past a checkpoint on the edge of Baghdad, where the city’s clogged traffic gives way to sheep grazing and villagers tending small crops next to their houses.

A couple of dozen miles farther, he stops the car in a tiny hamlet to show how perilously close the Islamic State came to taking the Iraqi capital during its stampede into the country in 2014. He points to a cluster of trees on the edge of a small community. “They were right here,” says Qassim, who fought a fierce battle against the jihadists for 3½ years.

“This was our line of defense.”

The sleepy dot on the map does not look like a war front. And yet, after years of conflict, countless fault lines like this crisscross Iraq, leaving riven communities and millions of upturned lives in their wake. Now, as the country digs out from its grueling war against ISIS, it is trying to forge from its victory a lasting peace for the first time since the U.S. led a military invasion of Iraq in March 2003, in defiance of the U.N., to overthrow the autocrat Saddam Hussein.

Fifteen years on, TIME returned to Baghdad to speak to Iraqis of almost every stripe, from battle-hardened fighters and grieving civilians to Prime Minister Haider al-Abadi. All are trying to determine how they can finally prosper, and whether this relative calm can last. Having all but obliterated ISIS’s caliphate, Iraqis are grappling with a question that had largely receded during years of fighting, and that now looms large over the parliamentary elections scheduled for May 12: Can their country emerge as a functioning democracy, with its Shi‘ite, Sunni and Kurdish populations relatively united? And can it do that without the safety net of the U.S. military?

If it succeeds—and it is a big if—Iraq could become that beacon of freedom that U.S. officials once promised 15 years ago…

Read More: http://www.dinarupdates.com/showthread.php?56450-How-Iraq%92s-Prime-Minister-Is-Trying-to-Build-Peace-After-15-Years-of-Conflict
______________________________________________________________

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!!)

______________________________________________________________

Post RV Checklist (it’s getting to be that time!! Listen up!!)

Dos and Don’ts of Windfall Wealth:

Treat it like a PowerBall win

– Tell no one, not even family. If you must talk, do so with one who is already in the know.

– Don’t run out & buy new “stuff”. People notice.

– Get an unpublished number and give it out very sparingly.

– Get a tax accountant you can trust to make sure the IRS is satisfied (Certified Opinion is something to look into) and pursue asset protection…

Read Complete List: http://www.dinarupdates.com/showthread.php?18519-The-Post-RV-Checklist-and-Flashback-documents&p=128477#post128477
______________________________________________________________

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

The rise in the value of the dinar strengthens international confidence in the Iraqi economy

Baghdad / Hussein Thugb – The recovery of the Iraqi dinar and the stability of the exchange rate leads to the strengthening of international confidence in the national economy, where local markets indicated an increase in the value of the Iraqi dinar against the dollar and conflicting views on this and came the opinion of the Central Bank to be the subject.

Director of operations at the Central Bank of Iraq, Mahmoud Dagher, said that “the improvement of the value of the Iraqi dinar against the dollar recently, is not a new phenomenon, but the outcome of the work continued for a full year, was through the identification of large measures on the process of currency presentation and address violations of demand. Classification and audit and noted that “over the past year we were able to achieve great stability of the upper and lower limits to the dollar either Aldnyar, and then we moved to a new situation this year , represented a new classification procedures adopted and auditing, as well as the offer.” Greater coverage and added that ” it is hard to be one variable indicator in this change , there are several measures and cover greater demand for the dollar, as well as emphasis on control over the sales operations with banks and regulate this process accurately based on classifications.

Read More: http://www.dinarupdates.com/showthread.php?56471-Rise-in-the-value-of-dinar-strengthens-international-confidence-in-the-Iraqi-economy

(Special Thanks to LoopBack)
______________________________________________________________

How Iraq’s Prime Minister Is Trying to Build Peace After 15 Years of Conflict

On a crisp afternoon in late winter, Bassem Qassim, a 55-year-old militia fighter, drives past a checkpoint on the edge of Baghdad, where the city’s clogged traffic gives way to sheep grazing and villagers tending small crops next to their houses.

A couple of dozen miles farther, he stops the car in a tiny hamlet to show how perilously close the Islamic State came to taking the Iraqi capital during its stampede into the country in 2014. He points to a cluster of trees on the edge of a small community. “They were right here,” says Qassim, who fought a fierce battle against the jihadists for 3½ years.

“This was our line of defense.”

The sleepy dot on the map does not look like a war front. And yet, after years of conflict, countless fault lines like this crisscross Iraq, leaving riven communities and millions of upturned lives in their wake. Now, as the country digs out from its grueling war against ISIS, it is trying to forge from its victory a lasting peace for the first time since the U.S. led a military invasion of Iraq in March 2003, in defiance of the U.N., to overthrow the autocrat Saddam Hussein.

Fifteen years on, TIME returned to Baghdad to speak to Iraqis of almost every stripe, from battle-hardened fighters and grieving civilians to Prime Minister Haider al-Abadi. All are trying to determine how they can finally prosper, and whether this relative calm can last. Having all but obliterated ISIS’s caliphate, Iraqis are grappling with a question that had largely receded during years of fighting, and that now looms large over the parliamentary elections scheduled for May 12: Can their country emerge as a functioning democracy, with its Shi‘ite, Sunni and Kurdish populations relatively united? And can it do that without the safety net of the U.S. military?

If it succeeds—and it is a big if—Iraq could become that beacon of freedom that U.S. officials once promised 15 years ago…

Read More: http://www.dinarupdates.com/showthread.php?56450-How-Iraq%92s-Prime-Minister-Is-Trying-to-Build-Peace-After-15-Years-of-Conflict
______________________________________________________________

______________________________________________________________

Law of the National Oil Company .. A new era for the development of the economy

BAGHDAD (Reuters) – The House of Representatives voted Monday on a draft law of the National Oil Company, which will contribute to the development of the Iraqi oil industry, which aims to establish an Iraqi national oil company and enable it to carry out its work in the best way possible. National wealth said the academic economist d. Majid al-Baydani said in an interview with Al-Sabah that “the approval of the law of the National Oil Company will be a new era for the oil industry in the country as it will encourage the adoption of advanced scientific and technological methods to manage the national wealth to support the development of the economy.” “This will be an important shift in the development of extracting, marketing, transportation, storage and sales to the point of delivery and other oil operations,” he said.

The largest company

Al-Baydani said that “the Iraqi National Oil Company will be the second largest oil company in the world after Aramco and the largest of all international oil companies, which calls for the President to have a degree of experience and efficiency appropriate, commensurate with the powers of the company and capital.”

Article 2 of the law establishing the company consists of the capital of the company of (400) billion dinars paid by the government with the approval of the Council of Ministers and the company increase its capital on the proposal of its board of directors and approval of the Council of Ministers after the presentation of the feasibility study.

As stated in Article 5 of it “The Iraqi National Oil Company invests all the oil and gas areas in all the territory of the Republic of Iraq and its territorial waters and continental shelf, and may share with others the approval of the Council of Ministers if it finds it better to achieve its purposes and has the right to borrow from inside or outside Iraq to finance its investments inside Iraq and outside…

Read More: http://www.dinarupdates.com/showthread.php?56455-Law-of-the-National-Oil-Company-A-new-era-for-the-development-of-the-economy&p=181443#post181443

Key Phrase:

…the inclusion of the Iraqi National Oil Company A minimum of 10 percent is placed in four boxes with the first experience in the country, and one of the funds will give each Iraqi citizen residing within the country a share of that percentage…
______________________________________________________________

Central Bank of Iraq Auctions $199,935,053 on 12 March 2018

Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on March 12 registered $199,935,053 in sales, a 0.07% volume increase from the US $199,804,108 sold by Iraqi Dinar, credit and transfer at the previous auction held on March 11.

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on March 12 compared to the previous auction.

Data for the March 12 auction was made public by CBI Announcement Number 3653.

Dollar sales in the in the period January 1, 2018 to March 12, 2018 saw an increase of -1% compared to the sales of US $7.19 billion in the same period in 2017. The total amount of US currency sold by CBI in the calendar year 2017 was US $15.7 billion.

An analysis of the monthly dollar sales by CBI since January 2016 reveals highly fluctuating volumes. During the period from January 2016 to February 2018, sales of US dollars averaged US $1.89 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.

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

BGG ~ We will continue to highlight the regular auctions.

______________________________________________________________

The provincial government announces a political meeting on the budget and send a message to Baghdad

The Kurdistan Region Council of Ministers during a meeting on Sunday that the passage of the federal budget law is a clear violation of the principles of partnership and consensus on which the new Iraq was built.

The Council of Ministers of the Kurdistan Region expressed its appreciation to all the Kurdish blocs in the Iraqi Council of Representatives, praising their position and aligning them together and unify their word and position on the issue of the Iraqi budget law, and supported the unity of this row.

The Council decided to hold a joint meeting in the next few days with the Parliament of Kurdistan and the political parties in the Kurdistan Region to discuss this issue. According to a government statement.

The Council of Ministers of the Kurdistan Region stressed that the Kurdistan Region, despite all the problems and differences, is committed to resolving all problems with Baghdad on the basis of the Constitution, and expressed the hope that the talks and dialogue between the Kurdistan Regional Government and the Iraqi federal government to a result in the interest of everyone and solve all Problems.

After a difficult labor, the Iraqi parliament approved yesterday the law of the general budget for 2018, ending months of disagreements on most paragraphs of the law, especially the allocations of “popular mobilization” and oil-producing provinces, at a time boycotted Kurdish deputies meeting in protest to reduce the share of the region from 17 percent to 12 , 6 percent, threatened to boycott the political process.

Article Credit: shafaaq.com

BGG ~ This is almost comical… Think about this for a sec…

These guys, none of whom are elected and aren’t regional MP’s (because the Parliament was disbanded by Massoud Barzani) – are only advisers to Nerchivan Barzani who wasn’t elected either…

…all get together, look “super-duper” official and “send a message” to Baghdad.

Really?!?

______________________________________________________________

Kaperoni (Dinar Guru) –   Article:  “Alnasiri: Implementation of the Central Bank’s strategy contributed to the improvement of the dinar’s exchange rate against the dollar”   They had a few months with the UST and IMF to figure out a plan to reduce the spread.  It seems likely they are ontrack to compliance. We all know the investment won’t come if they do not get the market economy going.  Time is running out.  I believe once it starts, it won’t take more than a year to rise to a value we are comfortable with.  Seems all we are waiting on now is sustainable compliance with the 2% spread.  We just watch and wait and see.

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

Mike (Dinar Guru) –   Article:  “Al-Hadithi: The news about the IMF’s rejection of the federal budget is not true”   Quote:  “The government denied the news that the International Monetary Fund rejected the federal budget for 2018, because it is not in line with the agreement signed between him and Iraq.”   Bottom line, Iraq is ignoring the IMF’s recommendations about taxes, reducing government payroll and other austerity measures, we’ll have to wait and see what the IMF state publicly, there’s nothing on their website regarding Iraq’s budget…yet.  It doesn’t really matter in the end, Iraq has every right to ignore the IMF’s recommendations, the problem is they’ll lose financial support from the west because of the potential political gain.

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

PM Barzani: This was not the Iraq we wanted after 2003

ERBIL, Kurdistan Region — KRG Prime Minister Nechirvan Barzani expressed that Iraq was founded after 2003 on the basis of partnership and the budget passed on Saturday did not underscore that.

The premier said at a press conference on Sunday it was “unfortunate” that the Iraqi bill was approved without meeting Kurdish demands because they reflect the government and the people.

The work of the Kurdish blocs in Baghdad was “appreciated” by Barzani.

“I want to thank all Kurdish factions for their attempts recently to guarantee Kurdish share in the budget,” he said, while promising to speak with all Kurdish parties and MPs.

“Despite all the internal issues in Kurdistan, all Kurds in Baghdad strived for Kurdistan’s interests,” Barzani said.

He stressed that he believes dialogue is the only way to resolve pending issues and he remains “hopeful.”

“I am in constant contact with Prime Minister [Haider al-Abadi] to resolve issues,” said Barzani…

Read More: http://www.dinarupdates.com/showthread.php?56432-PM-Barzani-This-was-not-the-Iraq-we-wanted-after-2003

BGG ~ PM Barzani? PM Barzani? What is he the the PM of? He wasn’t ELECTED by ANYONE!!

Oh and BTW – exactly how does the Kurdish Leadership’s theft, graft and corruption fit in this Utopian Iraq you’ve had planned since 2003??

______________________________________________________________

Sandyf (Dinar Guru) –  […trying to establish if the HCL is a necessity…]  …how is the HCL tied to a rate increase?  I wouldn’t know if it is one way or the other, but some seem to think it is. The HCL first saw the light of day in 2007 and the profit sharing aspect has been so contentious there needs to be some serious amendment to see some sort of agreement. Article 140 also needs to be addressed before they can establish who can deal with whom.

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

Mnt Goat (Dinar Guru) –   …I was being told that some news was coming from the CBI about the currency reform. But we did not yet get it. It could still happen this weekend. We will see.

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

Parliamentary Energy: The law of the National Oil Company will give a share to every Iraqi citizen

The Iraqi oil and energy committee revealed on Tuesday that the Iraqi National Oil Company (INCOC) will include at least 10 percent of the funds in the first experiment in the country, while one of the funds will give each Iraqi citizen residing within the country a share of that percentage. “The legislation of the law of the Iraqi National Oil Company represents a great achievement for the House of Representatives, which re-established the law of forming the company, which was canceled by personal decisions of the former regime in 1987 after there was a law,” Ali al-Bahadli, chairman of the committee, told a news conference with members of the committee. No. 123 of 1967, where it was merged and subordinated to the Ministry of Oil, “noting that” after 2004 tried to the Ministry of Oil and former Minister Ibrahim Bahr al-Ulum to reactivate the law of the National Oil Company, but those efforts collided with objections from some. ”

Al-Bahadli added that “the law and after the efforts and discussions and workshops lasted for several months has seen the light, where will work to activate investment in refineries and the gas industry and all the goals set for the success of the work of the company can be achieved through several objectives and means in investment and exploration of new structures and activate investment under the mechanisms and scientific foundations And technical, “pointing out that” some understand that the company has powers higher than what some expect, but really draws its work and powers of the Constitution, the arm of the Ministry of Oil, which draws oil policies of the country and the company is working to implement those policies. “…

Read More: http://www.dinarupdates.com/showthread.php?56437-Parliamentary-Energy-The-law-of-the-National-Oil-Company-will-give-a-share-to-every
______________________________________________________________

Some interesting headlines…

Kirkuk to hold elections with other provinces, first time in 13 years

Agreement Reached with Erbil to Resume Kirkuk Oil Exports: Abadi

I wonder if these guys could ever just reach ONE AGREEMENT and then keep it?? This is about the 437th agreement neither side has kept.
______________________________________________________________

The Wall Street Journal predicts Abadi will remain in office after the May elections

Baghdad today – “The Wall Street Journal” in a report published Friday, the survival of Prime Minister Haider Abadi in office after the next election, while indicated that the alliances after May, who will decide the form of the next government.

The pro-Iranian Shiite factions, inspired by Hezbollah, also act as political parties, and as with Hezbollah, their ability to exercise political power within Prime Minister Haider al-Abadi’s government and abroad is derived from their weapons, By the total votes they will receive in the May 12 elections. ”

“The multiplicity of political forces and the influence of Iran and the fragmentation of the Iraqi parliamentary system means that post-election bargaining will determine the course of the state rather than the elections itself.”

“Nothing fundamentally changes in the way Iraq is governed,” the paper quoted Haddad, an Iraqi political specialist at the National University of Singapore, as saying.

Haddad added: “The election is likely to result from another coalition government headed by Abadi”

“There is no coherent opposition that can easily outperform it,” Haddad said.

Article Credit: baghdadtoday.news (Special Thanks to Charles Bright)

BGG ~ I like the WSJ’s optimism… we all know how accurate they were on the last election they “predicted”.  I’m hoping on this one, they are more accurate.

______________________________________________________________

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!!)

______________________________________________________________

Post RV Checklist (it’s getting to be that time!! Listen up!!)

Dos and Don’ts of Windfall Wealth:

Treat it like a PowerBall win

– Tell no one, not even family. If you must talk, do so with one who is already in the know.

– Don’t run out & buy new “stuff”. People notice.

– Get an unpublished number and give it out very sparingly.

– Get a tax accountant you can trust to make sure the IRS is satisfied (Certified Opinion is something to look into) and pursue asset protection…

Read Complete List: http://www.dinarupdates.com/showthread.php?18519-The-Post-RV-Checklist-and-Flashback-documents&p=128477#post128477
______________________________________________________________

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

How Iraq’s Prime Minister Is Trying to Build Peace After 15 Years of Conflict

On a crisp afternoon in late winter, Bassem Qassim, a 55-year-old militia fighter, drives past a checkpoint on the edge of Baghdad, where the city’s clogged traffic gives way to sheep grazing and villagers tending small crops next to their houses.

A couple of dozen miles farther, he stops the car in a tiny hamlet to show how perilously close the Islamic State came to taking the Iraqi capital during its stampede into the country in 2014. He points to a cluster of trees on the edge of a small community. “They were right here,” says Qassim, who fought a fierce battle against the jihadists for 3½ years.

“This was our line of defense.”

The sleepy dot on the map does not look like a war front. And yet, after years of conflict, countless fault lines like this crisscross Iraq, leaving riven communities and millions of upturned lives in their wake. Now, as the country digs out from its grueling war against ISIS, it is trying to forge from its victory a lasting peace for the first time since the U.S. led a military invasion of Iraq in March 2003, in defiance of the U.N., to overthrow the autocrat Saddam Hussein.

Fifteen years on, TIME returned to Baghdad to speak to Iraqis of almost every stripe, from battle-hardened fighters and grieving civilians to Prime Minister Haider al-Abadi. All are trying to determine how they can finally prosper, and whether this relative calm can last. Having all but obliterated ISIS’s caliphate, Iraqis are grappling with a question that had largely receded during years of fighting, and that now looms large over the parliamentary elections scheduled for May 12: Can their country emerge as a functioning democracy, with its Shi‘ite, Sunni and Kurdish populations relatively united? And can it do that without the safety net of the U.S. military?

If it succeeds—and it is a big if—Iraq could become that beacon of freedom that U.S. officials once promised 15 years ago…

Read More: http://www.dinarupdates.com/showthread.php?56450-How-Iraq%92s-Prime-Minister-Is-Trying-to-Build-Peace-After-15-Years-of-Conflict

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Law of the National Oil Company .. A new era for the development of the economy

BAGHDAD (Reuters) – The House of Representatives voted Monday on a draft law of the National Oil Company, which will contribute to the development of the Iraqi oil industry, which aims to establish an Iraqi national oil company and enable it to carry out its work in the best way possible. National wealth said the academic economist d. Majid al-Baydani said in an interview with Al-Sabah that “the approval of the law of the National Oil Company will be a new era for the oil industry in the country as it will encourage the adoption of advanced scientific and technological methods to manage the national wealth to support the development of the economy.” “This will be an important shift in the development of extracting, marketing, transportation, storage and sales to the point of delivery and other oil operations,” he said.

The largest company

Al-Baydani said that “the Iraqi National Oil Company will be the second largest oil company in the world after Aramco and the largest of all international oil companies, which calls for the President to have a degree of experience and efficiency appropriate, commensurate with the powers of the company and capital.”

Article 2 of the law establishing the company consists of the capital of the company of (400) billion dinars paid by the government with the approval of the Council of Ministers and the company increase its capital on the proposal of its board of directors and approval of the Council of Ministers after the presentation of the feasibility study.

As stated in Article 5 of it “The Iraqi National Oil Company invests all the oil and gas areas in all the territory of the Republic of Iraq and its territorial waters and continental shelf, and may share with others the approval of the Council of Ministers if it finds it better to achieve its purposes and has the right to borrow from inside or outside Iraq to finance its investments inside Iraq and outside…

Read More: http://www.dinarupdates.com/showthread.php?56455-Law-of-the-National-Oil-Company-A-new-era-for-the-development-of-the-economy&p=181443#post181443

Key Phrase:

…the inclusion of the Iraqi National Oil Company A minimum of 10 percent is placed in four boxes with the first experience in the country, and one of the funds will give each Iraqi citizen residing within the country a share of that percentage…
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Will the Presidency of the Republic block the ratification of the budget law?

Baghdad / .. The National Alliance, on Sunday, blocking the Presidency of the Republic to approve the law of the budget of 2018, voted by the House of Representatives, on Saturday.

The MP for the alliance Thunder Diamond for the “eye of Iraq News,” that “the Presidency of the Republic consider the supreme interest of the country will not put the sticks in the wheel of ratification of the budget law,” asserting that “the rights of the Kurdistan region installed in the budget through the proportion of population and were distributed fairly” .

He added that the diamond “political consensus was present in the budget, but the insistence of some blocks on what you want forced us to do so,” noting that “passing the budget law is a fundamental issue because the interests of the country depends on them and should not go to this end.” Finished

Article Credit: aynaliraqnews.com
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Central Bank of Iraq Auctions $201,537,281 on 08 March 2018

Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on March 8 registered $201,537,281 in sales, a 13.43% volume increase from the US $177,669,700 sold by Iraqi Dinar, credit and transfer at the previous auction held on March 7.

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on March 8 compared to the previous auction.

Data for the March 8 auction was made public by CBI Announcement Number 3651.

Dollar sales in the in the period January 1, 2018 to March 8, 2018 saw an increase of -1% compared to the sales of US $6.93 billion in the same period in 2017. The total amount of US currency sold by CBI in the calendar year 2017 was US $15.7 billion.

An analysis of the monthly dollar sales by CBI since January 2016 reveals highly fluctuating volumes. During the period from January 2016 to February 2018, sales of US dollars averaged US $1.89 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.

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

BGG ~ I will continue to highlight the regular auctions. After recently asking around about the reasons for the “tightening” of the supply of Dinar in the U.S… one of the main reasons I got was the fewer and fewer auctions. Wait – what?!? They are still having fairly robust auctions.

So, obviously, that’s not true… so what is it?

Another possibility is this MASSIVE financial embargo on Kurdistan, provided this was where currency was coming from.

I have also heard of a couple of major players talking about having money in – or being able to get money out of Kurdistan… all baloney. Kurdistan has been under very tight controls since snubbing the world diplomats with this sham vote pushed by Barzani.

Why was it a sham vote? Simple fact: you can’t just take what isn’t yours to take just because you vote on it.

Back to my previous rebuttal – anyone who actually had money in Kurdistan would have either gotten it out or is REALLY “up a creek”… likely just more B.S.

So…

1) Fewer auctions?

2) Tightening borders (fewer exports)?

3) More demand? I sincerely doubt it.

4) IMHO and most likely, the supply here in the U.S. from disgruntled sellers, which is likely where the bulk of the U.S. supply really comes from, and current interested buyers has finally reached a point of parity where the “supply – demand” scales are more evenly balanced.

Hence, the price goes up (Currently selling between $1100-$1200 per million)

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The provincial government announces a political meeting on the budget and send a message to Baghdad

The Kurdistan Region Council of Ministers during a meeting on Sunday that the passage of the federal budget law is a clear violation of the principles of partnership and consensus on which the new Iraq was built.

The Council of Ministers of the Kurdistan Region expressed its appreciation to all the Kurdish blocs in the Iraqi Council of Representatives, praising their position and aligning them together and unify their word and position on the issue of the Iraqi budget law, and supported the unity of this row.

The Council decided to hold a joint meeting in the next few days with the Parliament of Kurdistan and the political parties in the Kurdistan Region to discuss this issue. According to a government statement.

The Council of Ministers of the Kurdistan Region stressed that the Kurdistan Region, despite all the problems and differences, is committed to resolving all problems with Baghdad on the basis of the Constitution, and expressed the hope that the talks and dialogue between the Kurdistan Regional Government and the Iraqi federal government to a result in the interest of everyone and solve all Problems.

After a difficult labor, the Iraqi parliament approved yesterday the law of the general budget for 2018, ending months of disagreements on most paragraphs of the law, especially the allocations of “popular mobilization” and oil-producing provinces, at a time boycotted Kurdish deputies meeting in protest to reduce the share of the region from 17 percent to 12 , 6 percent, threatened to boycott the political process.

Article Credit: shafaaq.com

BGG ~ This is almost comical… Think about this for a sec…

These guys, none of whom are elected and aren’t regional MP’s (because the Parliament was disbanded by Massoud Barzani) – are only advisers to Nerchivan Barzani who wasn’t elected either…

…all get together, look “super-duper” official and “send a message” to Baghdad.

Really?!?

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Chattels (Dinar Guru) –   I am thinking that the implementation / application of the INOC [Iraq National Oil Company] could be an alter ego to the HCL or a precursor of it.  The INOC does not specifically resolve all HCL issues, but it may be a foundational framework for it.  There are significant constitutional issues that may be addressed going forward with the INOC regarding the federalism issues with the HCL.

Read more: http://www.dinarupdates.com/observer/
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Adam Montana (Dinar Guru) –   There was a rumor this week that a lot of people brought to my attention. Yes, I’ve been on top of it. No, the rate has not officially changed. Here’s the deal: I hear more rumors than most, and I consider it my “job” to verify anything significant. The recent “buzz” about the rate change on Google and a few other places is causing a lot of buzz.  Anytime something like this happens, the first thing I do is check with my top advisors. These are the people that are first-string contacts for us when we go to cash in, and even some of THEM have been double checking with me!

Read more: http://www.dinarupdates.com/observer/
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PM Barzani: This was not the Iraq we wanted after 2003

ERBIL, Kurdistan Region — KRG Prime Minister Nechirvan Barzani expressed that Iraq was founded after 2003 on the basis of partnership and the budget passed on Saturday did not underscore that.

The premier said at a press conference on Sunday it was “unfortunate” that the Iraqi bill was approved without meeting Kurdish demands because they reflect the government and the people.

The work of the Kurdish blocs in Baghdad was “appreciated” by Barzani.

“I want to thank all Kurdish factions for their attempts recently to guarantee Kurdish share in the budget,” he said, while promising to speak with all Kurdish parties and MPs.

“Despite all the internal issues in Kurdistan, all Kurds in Baghdad strived for Kurdistan’s interests,” Barzani said.

He stressed that he believes dialogue is the only way to resolve pending issues and he remains “hopeful.”

“I am in constant contact with Prime Minister [Haider al-Abadi] to resolve issues,” said Barzani…

Read More: http://www.dinarupdates.com/showthread.php?56432-PM-Barzani-This-was-not-the-Iraq-we-wanted-after-2003

BGG ~ PM Barzani? PM Barzani? What is he the the PM of? He wasn’t ELECTED by ANYONE!!

Oh and BTW – exactly how does the Kurdish Leadership’s theft, graft and corruption fit in this Utopian Iraq you’ve had planned since 2003??

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Adam Montana (Dinar Guru) –   This is a crazy time for the dinar, and when things like this happen… there’s a good chance that there is a REASON for it. There is no verification of the “reason” right now, but I don’t believe in coincidences. I am receiving an overwhelming amount of similar “rumors” from sources that don’t generally react to anything of the sort. Some of these messages and calls are coming from people that I have business relationships with, but have NEVER contacted me regarding something that could be considered a “rumor”.  Things happen… for a reason. 

Read more: http://www.dinarupdates.com/observer/
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Mnt Goat (Dinar Guru) –  Here it comes…RV…All I can say is – I TOLD YOU SO!  Here come the re-education process we have been waiting for all along.  Folks – Iraq is starting the rollout the rollout.Now be patient and let the process go forward. We will be at the banks shortly.  On Tuesday Iraqi TV was showing lower category notes and explaining them to give the citizens instructions on how to use them and what to expect in the coming weeks. WOW!  Then later out pops this article in the news media. Can it get any better?  Article:   “CURRENT NOTES SOON TO BE REPLACED”   Quote:  “About 5 trillion Iraqi dinars ($4.3 billion USD) will circulate along with the old notes, said al-Yasseri, gradually replacing the older issues. He added that for now, both old and new notes will circulate side-by-side.”

Read more: http://www.dinarupdates.com/observer/
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Parliamentary Energy: The law of the National Oil Company will give a share to every Iraqi citizen

The Iraqi oil and energy committee revealed on Tuesday that the Iraqi National Oil Company (INCOC) will include at least 10 percent of the funds in the first experiment in the country, while one of the funds will give each Iraqi citizen residing within the country a share of that percentage. “The legislation of the law of the Iraqi National Oil Company represents a great achievement for the House of Representatives, which re-established the law of forming the company, which was canceled by personal decisions of the former regime in 1987 after there was a law,” Ali al-Bahadli, chairman of the committee, told a news conference with members of the committee. No. 123 of 1967, where it was merged and subordinated to the Ministry of Oil, “noting that” after 2004 tried to the Ministry of Oil and former Minister Ibrahim Bahr al-Ulum to reactivate the law of the National Oil Company, but those efforts collided with objections from some. ”

Al-Bahadli added that “the law and after the efforts and discussions and workshops lasted for several months has seen the light, where will work to activate investment in refineries and the gas industry and all the goals set for the success of the work of the company can be achieved through several objectives and means in investment and exploration of new structures and activate investment under the mechanisms and scientific foundations And technical, “pointing out that” some understand that the company has powers higher than what some expect, but really draws its work and powers of the Constitution, the arm of the Ministry of Oil, which draws oil policies of the country and the company is working to implement those policies. “…

Read More: http://www.dinarupdates.com/showthread.php?56437-Parliamentary-Energy-The-law-of-the-National-Oil-Company-will-give-a-share-to-every
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Some interesting headlines…

Kirkuk to hold elections with other provinces, first time in 13 years

Agreement Reached with Erbil to Resume Kirkuk Oil Exports: Abadi

I wonder if these guys could ever just reach ONE AGREEMENT and then keep it?? This is about the 437th agreement neither side has kept.
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The Wall Street Journal predicts Abadi will remain in office after the May elections

Baghdad today – “The Wall Street Journal” in a report published Friday, the survival of Prime Minister Haider Abadi in office after the next election, while indicated that the alliances after May, who will decide the form of the next government.

The pro-Iranian Shiite factions, inspired by Hezbollah, also act as political parties, and as with Hezbollah, their ability to exercise political power within Prime Minister Haider al-Abadi’s government and abroad is derived from their weapons, By the total votes they will receive in the May 12 elections. ”

“The multiplicity of political forces and the influence of Iran and the fragmentation of the Iraqi parliamentary system means that post-election bargaining will determine the course of the state rather than the elections itself.”

“Nothing fundamentally changes in the way Iraq is governed,” the paper quoted Haddad, an Iraqi political specialist at the National University of Singapore, as saying.

Haddad added: “The election is likely to result from another coalition government headed by Abadi”

“There is no coherent opposition that can easily outperform it,” Haddad said.

Article Credit: baghdadtoday.news (Special Thanks to Charles Bright)

BGG ~ I like the WSJ’s optimism… we all know how accurate they were on the last election they “predicted”.  I’m hoping on this one, they are more accurate.

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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!!)

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Post RV Checklist (it’s getting to be that time!! Listen up!!)

Dos and Don’ts of Windfall Wealth:

Treat it like a PowerBall win

– Tell no one, not even family. If you must talk, do so with one who is already in the know.

– Don’t run out & buy new “stuff”. People notice.

– Get an unpublished number and give it out very sparingly.

– Get a tax accountant you can trust to make sure the IRS is satisfied (Certified Opinion is something to look into) and pursue asset protection…

Read Complete List: http://www.dinarupdates.com/showthread.php?18519-The-Post-RV-Checklist-and-Flashback-documents&p=128477#post128477
______________________________________________________________

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

BGG ~ Lately there has been mostly “mish mosh” news out there… just noise filling up the “news space”.

Here are the things you really want to hear about…

Is this recent 11.74 rate thing real? No – of course it isn’t, but you already knew that. Right? It was some kind of glitch. A software error. Someone jacking everyone around (aka – “THE JACK FACTOR”). When there is a real value change, it will be real everywhere. There won’t be any doubt and you WILL KNOW. Did it get everyone a little excited?? Yeah – but not yet. 

On the other hand, here are some REAL points of interest…

Recently, there has been a SIGNIFICANT tightening of the “Official Rate / Market Rate” – I think it is getting VERY CLOSE to being within IMF compliance. This is REAL. I cannot recall this ever being the case.

Then – there is this…

“Law of the National Oil Company .. A new era for the development of the economy” …

In some strange way, the Kurds may have forced everyone’s hand on some sort of improvised HCL in the form of this “National Oil Company” Law. The Iraqis are famous for vagaries and a fluid sense of description. It is not uncommon for their terminology and phrasing to be constantly changing.

Everyone imagined an HCL (agreement) Law would be something of a replacement for the current HCL in a “repeal and replace” sort of move. However, this may well be what they settle on after all. It seems to do, in principle, everything a new HCL agreement was meant to do. There seems to be a lot of internal excitement over it.

Further, getting this done could be a huge step towards getting Abadi re-elected. Think about the mentality of the voter who stands to share in oil revenues in the near future based on this move by Abadi.

The Kurds thinking they would (or could) “dethrone” Abadi may also well be the best thing that could have happened to him. Barzani gave everyone the perfect scapegoat – what with him snubbing the WORLD and then getting outed as being all tangled up with Maliki and such. All of this just got everyone South of Erbil on the same page (more or less) and voting something like this through… and it’s happening almost OVERNITE, RIGHT UNDER EVERYONE’S NOSES.

Imagine that – The Iraqi Parliament passing something like this without needing any Kurdish support. I say – miracle of all miracles…

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How Iraq’s Prime Minister Is Trying to Build Peace After 15 Years of Conflict

On a crisp afternoon in late winter, Bassem Qassim, a 55-year-old militia fighter, drives past a checkpoint on the edge of Baghdad, where the city’s clogged traffic gives way to sheep grazing and villagers tending small crops next to their houses.

A couple of dozen miles farther, he stops the car in a tiny hamlet to show how perilously close the Islamic State came to taking the Iraqi capital during its stampede into the country in 2014. He points to a cluster of trees on the edge of a small community. “They were right here,” says Qassim, who fought a fierce battle against the jihadists for 3½ years.

“This was our line of defense.”

The sleepy dot on the map does not look like a war front. And yet, after years of conflict, countless fault lines like this crisscross Iraq, leaving riven communities and millions of upturned lives in their wake. Now, as the country digs out from its grueling war against ISIS, it is trying to forge from its victory a lasting peace for the first time since the U.S. led a military invasion of Iraq in March 2003, in defiance of the U.N., to overthrow the autocrat Saddam Hussein.

Fifteen years on, TIME returned to Baghdad to speak to Iraqis of almost every stripe, from battle-hardened fighters and grieving civilians to Prime Minister Haider al-Abadi. All are trying to determine how they can finally prosper, and whether this relative calm can last. Having all but obliterated ISIS’s caliphate, Iraqis are grappling with a question that had largely receded during years of fighting, and that now looms large over the parliamentary elections scheduled for May 12: Can their country emerge as a functioning democracy, with its Shi‘ite, Sunni and Kurdish populations relatively united? And can it do that without the safety net of the U.S. military?

If it succeeds—and it is a big if—Iraq could become that beacon of freedom that U.S. officials once promised 15 years ago…

Read More: http://www.dinarupdates.com/showthread.php?56450-How-Iraq%92s-Prime-Minister-Is-Trying-to-Build-Peace-After-15-Years-of-Conflict

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Law of the National Oil Company .. A new era for the development of the economy

BAGHDAD (Reuters) – The House of Representatives voted Monday on a draft law of the National Oil Company, which will contribute to the development of the Iraqi oil industry, which aims to establish an Iraqi national oil company and enable it to carry out its work in the best way possible. National wealth said the academic economist d. Majid al-Baydani said in an interview with Al-Sabah that “the approval of the law of the National Oil Company will be a new era for the oil industry in the country as it will encourage the adoption of advanced scientific and technological methods to manage the national wealth to support the development of the economy.” “This will be an important shift in the development of extracting, marketing, transportation, storage and sales to the point of delivery and other oil operations,” he said.

The largest company

Al-Baydani said that “the Iraqi National Oil Company will be the second largest oil company in the world after Aramco and the largest of all international oil companies, which calls for the President to have a degree of experience and efficiency appropriate, commensurate with the powers of the company and capital.”

Article 2 of the law establishing the company consists of the capital of the company of (400) billion dinars paid by the government with the approval of the Council of Ministers and the company increase its capital on the proposal of its board of directors and approval of the Council of Ministers after the presentation of the feasibility study.

As stated in Article 5 of it “The Iraqi National Oil Company invests all the oil and gas areas in all the territory of the Republic of Iraq and its territorial waters and continental shelf, and may share with others the approval of the Council of Ministers if it finds it better to achieve its purposes and has the right to borrow from inside or outside Iraq to finance its investments inside Iraq and outside…

Read More: http://www.dinarupdates.com/showthread.php?56455-Law-of-the-National-Oil-Company-A-new-era-for-the-development-of-the-economy&p=181443#post181443

Key Phrase:

…the inclusion of the Iraqi National Oil Company A minimum of 10 percent is placed in four boxes with the first experience in the country, and one of the funds will give each Iraqi citizen residing within the country a share of that percentage…
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Will the Presidency of the Republic block the ratification of the budget law?

Baghdad / .. The National Alliance, on Sunday, blocking the Presidency of the Republic to approve the law of the budget of 2018, voted by the House of Representatives, on Saturday.

The MP for the alliance Thunder Diamond for the “eye of Iraq News,” that “the Presidency of the Republic consider the supreme interest of the country will not put the sticks in the wheel of ratification of the budget law,” asserting that “the rights of the Kurdistan region installed in the budget through the proportion of population and were distributed fairly” .

He added that the diamond “political consensus was present in the budget, but the insistence of some blocks on what you want forced us to do so,” noting that “passing the budget law is a fundamental issue because the interests of the country depends on them and should not go to this end.” Finished

Article Credit: aynaliraqnews.com
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Central Bank of Iraq Auctions $201,537,281 on 08 March 2018

Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on March 8 registered $201,537,281 in sales, a 13.43% volume increase from the US $177,669,700 sold by Iraqi Dinar, credit and transfer at the previous auction held on March 7.

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on March 8 compared to the previous auction.

Data for the March 8 auction was made public by CBI Announcement Number 3651.

Dollar sales in the in the period January 1, 2018 to March 8, 2018 saw an increase of -1% compared to the sales of US $6.93 billion in the same period in 2017. The total amount of US currency sold by CBI in the calendar year 2017 was US $15.7 billion.

An analysis of the monthly dollar sales by CBI since January 2016 reveals highly fluctuating volumes. During the period from January 2016 to February 2018, sales of US dollars averaged US $1.89 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.

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

BGG ~ I will continue to highlight the regular auctions. After recently asking around about the reasons for the “tightening” of the supply of Dinar in the U.S… one of the main reasons I got was the fewer and fewer auctions. Wait – what?!? They are still having fairly robust auctions.

So, obviously, that’s not true… so what is it?

Another possibility is this MASSIVE financial embargo on Kurdistan, provided this was where currency was coming from.

I have also heard of a couple of major players talking about having money in – or being able to get money out of Kurdistan… all baloney. Kurdistan has been under very tight controls since snubbing the world diplomats with this sham vote pushed by Barzani.

Why was it a sham vote? Simple fact: you can’t just take what isn’t yours to take just because you vote on it.

Back to my previous rebuttal – anyone who actually had money in Kurdistan would have either gotten it out or is REALLY “up a creek”… likely just more B.S.

So…

1) Fewer auctions?

2) Tightening borders (fewer exports)?

3) More demand? I sincerely doubt it.

4) IMHO and most likely, the supply here in the U.S. from disgruntled sellers, which is likely where the bulk of the U.S. supply really comes from, and current interested buyers has finally reached a point of parity where the “supply – demand” scales are more evenly balanced.

Hence, the price goes up (Currently selling between $1100-$1200 per million)

______________________________________________________________

The provincial government announces a political meeting on the budget and send a message to Baghdad

The Kurdistan Region Council of Ministers during a meeting on Sunday that the passage of the federal budget law is a clear violation of the principles of partnership and consensus on which the new Iraq was built.

The Council of Ministers of the Kurdistan Region expressed its appreciation to all the Kurdish blocs in the Iraqi Council of Representatives, praising their position and aligning them together and unify their word and position on the issue of the Iraqi budget law, and supported the unity of this row.

The Council decided to hold a joint meeting in the next few days with the Parliament of Kurdistan and the political parties in the Kurdistan Region to discuss this issue. According to a government statement.

The Council of Ministers of the Kurdistan Region stressed that the Kurdistan Region, despite all the problems and differences, is committed to resolving all problems with Baghdad on the basis of the Constitution, and expressed the hope that the talks and dialogue between the Kurdistan Regional Government and the Iraqi federal government to a result in the interest of everyone and solve all Problems.

After a difficult labor, the Iraqi parliament approved yesterday the law of the general budget for 2018, ending months of disagreements on most paragraphs of the law, especially the allocations of “popular mobilization” and oil-producing provinces, at a time boycotted Kurdish deputies meeting in protest to reduce the share of the region from 17 percent to 12 , 6 percent, threatened to boycott the political process.

Article Credit: shafaaq.com

BGG ~ This is almost comical… Think about this for a sec…

These guys, none of whom are elected and aren’t regional MP’s (because the Parliament was disbanded by Massoud Barzani) – are only advisers to Nerchivan Barzani who wasn’t elected either…

…all get together, look “super-duper” official and “send a message” to Baghdad.

Really?!?

______________________________________________________________

Chattels (Dinar Guru) –   I am thinking that the implementation / application of the INOC [Iraq National Oil Company] could be an alter ego to the HCL or a precursor of it.  The INOC does not specifically resolve all HCL issues, but it may be a foundational framework for it.  There are significant constitutional issues that may be addressed going forward with the INOC regarding the federalism issues with the HCL.

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

Adam Montana (Dinar Guru) –   There was a rumor this week that a lot of people brought to my attention. Yes, I’ve been on top of it. No, the rate has not officially changed. Here’s the deal: I hear more rumors than most, and I consider it my “job” to verify anything significant. The recent “buzz” about the rate change on Google and a few other places is causing a lot of buzz.  Anytime something like this happens, the first thing I do is check with my top advisors. These are the people that are first-string contacts for us when we go to cash in, and even some of THEM have been double checking with me!

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

PM Barzani: This was not the Iraq we wanted after 2003

ERBIL, Kurdistan Region — KRG Prime Minister Nechirvan Barzani expressed that Iraq was founded after 2003 on the basis of partnership and the budget passed on Saturday did not underscore that.

The premier said at a press conference on Sunday it was “unfortunate” that the Iraqi bill was approved without meeting Kurdish demands because they reflect the government and the people.

The work of the Kurdish blocs in Baghdad was “appreciated” by Barzani.

“I want to thank all Kurdish factions for their attempts recently to guarantee Kurdish share in the budget,” he said, while promising to speak with all Kurdish parties and MPs.

“Despite all the internal issues in Kurdistan, all Kurds in Baghdad strived for Kurdistan’s interests,” Barzani said.

He stressed that he believes dialogue is the only way to resolve pending issues and he remains “hopeful.”

“I am in constant contact with Prime Minister [Haider al-Abadi] to resolve issues,” said Barzani…

Read More: http://www.dinarupdates.com/showthread.php?56432-PM-Barzani-This-was-not-the-Iraq-we-wanted-after-2003

BGG ~ PM Barzani? PM Barzani? What is he the the PM of? He wasn’t ELECTED by ANYONE!!

Oh and BTW – exactly how does the Kurdish Leadership’s theft, graft and corruption fit in this Utopian Iraq you’ve had planned since 2003??

______________________________________________________________

Adam Montana (Dinar Guru) –   This is a crazy time for the dinar, and when things like this happen… there’s a good chance that there is a REASON for it. There is no verification of the “reason” right now, but I don’t believe in coincidences. I am receiving an overwhelming amount of similar “rumors” from sources that don’t generally react to anything of the sort. Some of these messages and calls are coming from people that I have business relationships with, but have NEVER contacted me regarding something that could be considered a “rumor”.  Things happen… for a reason. 

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

Mnt Goat (Dinar Guru) –  Here it comes…RV…All I can say is – I TOLD YOU SO!  Here come the re-education process we have been waiting for all along.  Folks – Iraq is starting the rollout the rollout.Now be patient and let the process go forward. We will be at the banks shortly.  On Tuesday Iraqi TV was showing lower category notes and explaining them to give the citizens instructions on how to use them and what to expect in the coming weeks. WOW!  Then later out pops this article in the news media. Can it get any better?  Article:   “CURRENT NOTES SOON TO BE REPLACED”   Quote:  “About 5 trillion Iraqi dinars ($4.3 billion USD) will circulate along with the old notes, said al-Yasseri, gradually replacing the older issues. He added that for now, both old and new notes will circulate side-by-side.”

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

Parliamentary Energy: The law of the National Oil Company will give a share to every Iraqi citizen

The Iraqi oil and energy committee revealed on Tuesday that the Iraqi National Oil Company (INCOC) will include at least 10 percent of the funds in the first experiment in the country, while one of the funds will give each Iraqi citizen residing within the country a share of that percentage. “The legislation of the law of the Iraqi National Oil Company represents a great achievement for the House of Representatives, which re-established the law of forming the company, which was canceled by personal decisions of the former regime in 1987 after there was a law,” Ali al-Bahadli, chairman of the committee, told a news conference with members of the committee. No. 123 of 1967, where it was merged and subordinated to the Ministry of Oil, “noting that” after 2004 tried to the Ministry of Oil and former Minister Ibrahim Bahr al-Ulum to reactivate the law of the National Oil Company, but those efforts collided with objections from some. ”

Al-Bahadli added that “the law and after the efforts and discussions and workshops lasted for several months has seen the light, where will work to activate investment in refineries and the gas industry and all the goals set for the success of the work of the company can be achieved through several objectives and means in investment and exploration of new structures and activate investment under the mechanisms and scientific foundations And technical, “pointing out that” some understand that the company has powers higher than what some expect, but really draws its work and powers of the Constitution, the arm of the Ministry of Oil, which draws oil policies of the country and the company is working to implement those policies. “…

Read More: http://www.dinarupdates.com/showthread.php?56437-Parliamentary-Energy-The-law-of-the-National-Oil-Company-will-give-a-share-to-every
______________________________________________________________

Some interesting headlines…

Kirkuk to hold elections with other provinces, first time in 13 years

Agreement Reached with Erbil to Resume Kirkuk Oil Exports: Abadi

I wonder if these guys could ever just reach ONE AGREEMENT and then keep it?? This is about the 437th agreement neither side has kept.
______________________________________________________________

The Wall Street Journal predicts Abadi will remain in office after the May elections

Baghdad today – “The Wall Street Journal” in a report published Friday, the survival of Prime Minister Haider Abadi in office after the next election, while indicated that the alliances after May, who will decide the form of the next government.

The pro-Iranian Shiite factions, inspired by Hezbollah, also act as political parties, and as with Hezbollah, their ability to exercise political power within Prime Minister Haider al-Abadi’s government and abroad is derived from their weapons, By the total votes they will receive in the May 12 elections. ”

“The multiplicity of political forces and the influence of Iran and the fragmentation of the Iraqi parliamentary system means that post-election bargaining will determine the course of the state rather than the elections itself.”

“Nothing fundamentally changes in the way Iraq is governed,” the paper quoted Haddad, an Iraqi political specialist at the National University of Singapore, as saying.

Haddad added: “The election is likely to result from another coalition government headed by Abadi”

“There is no coherent opposition that can easily outperform it,” Haddad said.

Article Credit: baghdadtoday.news (Special Thanks to Charles Bright)

BGG ~ I like the WSJ’s optimism… we all know how accurate they were on the last election they “predicted”.  I’m hoping on this one, they are more accurate.

______________________________________________________________

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!!)

______________________________________________________________

Post RV Checklist (it’s getting to be that time!! Listen up!!)

Dos and Don’ts of Windfall Wealth:

Treat it like a PowerBall win

– Tell no one, not even family. If you must talk, do so with one who is already in the know.

– Don’t run out & buy new “stuff”. People notice.

– Get an unpublished number and give it out very sparingly.

– Get a tax accountant you can trust to make sure the IRS is satisfied (Certified Opinion is something to look into) and pursue asset protection…

Read Complete List: http://www.dinarupdates.com/showthread.php?18519-The-Post-RV-Checklist-and-Flashback-documents&p=128477#post128477
______________________________________________________________

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

The provincial government announces a political meeting on the budget and send a message to Baghdad

The Kurdistan Region Council of Ministers during a meeting on Sunday that the passage of the federal budget law is a clear violation of the principles of partnership and consensus on which the new Iraq was built.

The Council of Ministers of the Kurdistan Region expressed its appreciation to all the Kurdish blocs in the Iraqi Council of Representatives, praising their position and aligning them together and unify their word and position on the issue of the Iraqi budget law, and supported the unity of this row.

The Council decided to hold a joint meeting in the next few days with the Parliament of Kurdistan and the political parties in the Kurdistan Region to discuss this issue. According to a government statement.

The Council of Ministers of the Kurdistan Region stressed that the Kurdistan Region, despite all the problems and differences, is committed to resolving all problems with Baghdad on the basis of the Constitution, and expressed the hope that the talks and dialogue between the Kurdistan Regional Government and the Iraqi federal government to a result in the interest of everyone and solve all Problems.

After a difficult labor, the Iraqi parliament approved yesterday the law of the general budget for 2018, ending months of disagreements on most paragraphs of the law, especially the allocations of “popular mobilization” and oil-producing provinces, at a time boycotted Kurdish deputies meeting in protest to reduce the share of the region from 17 percent to 12 , 6 percent, threatened to boycott the political process.

Article Credit: shafaaq.com

BGG ~ This is almost comical… Think about this for a sec…

These guys, none of whom are elected and aren’t regional MP’s (because the Parliament was disbanded by Massoud Barzani) – are only advisers to Nerchivan Barzani who wasn’t elected either…

…all get together, look “super-duper” official and “send a message” to Baghdad.

Really?!?

______________________________________________________________

PM Barzani: This was not the Iraq we wanted after 2003

ERBIL, Kurdistan Region — KRG Prime Minister Nechirvan Barzani expressed that Iraq was founded after 2003 on the basis of partnership and the budget passed on Saturday did not underscore that.

The premier said at a press conference on Sunday it was “unfortunate” that the Iraqi bill was approved without meeting Kurdish demands because they reflect the government and the people.

The work of the Kurdish blocs in Baghdad was “appreciated” by Barzani.

“I want to thank all Kurdish factions for their attempts recently to guarantee Kurdish share in the budget,” he said, while promising to speak with all Kurdish parties and MPs.

“Despite all the internal issues in Kurdistan, all Kurds in Baghdad strived for Kurdistan’s interests,” Barzani said.

He stressed that he believes dialogue is the only way to resolve pending issues and he remains “hopeful.”

“I am in constant contact with Prime Minister [Haider al-Abadi] to resolve issues,” said Barzani…

Read More: http://www.dinarupdates.com/showthread.php?56432-PM-Barzani-This-was-not-the-Iraq-we-wanted-after-2003

BGG ~ PM Barzani? PM Barzani? What is he the the PM of? He wasn’t ELECTED by ANYONE!!

Oh and BTW – exactly how does the Kurdish Leadership’s theft, graft and corruption fit in this Utopian Iraq you’ve had planned since 2003??

______________________________________________________________

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Will the Presidency of the Republic block the ratification of the budget law?

Baghdad / .. The National Alliance, on Sunday, blocking the Presidency of the Republic to approve the law of the budget of 2018, voted by the House of Representatives, on Saturday.

The MP for the alliance Thunder Diamond for the “eye of Iraq News,” that “the Presidency of the Republic consider the supreme interest of the country will not put the sticks in the wheel of ratification of the budget law,” asserting that “the rights of the Kurdistan region installed in the budget through the proportion of population and were distributed fairly” .

He added that the diamond “political consensus was present in the budget, but the insistence of some blocks on what you want forced us to do so,” noting that “passing the budget law is a fundamental issue because the interests of the country depends on them and should not go to this end.” Finished

Article Credit: aynaliraqnews.com
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Central Bank of Iraq Auctions $177,669,700 on 07 March 2018

Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on March 7 registered $177,669,700 in sales, a -1.91% volume decline from the US $181,121,050 sold by Iraqi Dinar, credit and transfer at the previous auction held on March 6.

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on March 7 compared to the previous auction.

Data for the March 7 auction was made public by CBI Announcement Number 3650.

Dollar sales in the in the period January 1, 2018 to March 7, 2018 saw an increase of -1% compared to the sales of US $6.79 billion in the same period in 2017. The total amount of US currency sold by CBI in the calendar year 2017 was US $15.7 billion.

An analysis of the monthly dollar sales by CBI since January 2016 reveals highly fluctuating volumes. During the period from January 2016 to February 2018, sales of US dollars averaged US $1.89 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.

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

BGG ~ I will continue to highlight the regular auctions. After recently asking around about the reasons for the “tightening” of the supply of Dinar in the U.S… one of the main reasons I got was the fewer and fewer auctions. Wait – what?!? They are still having fairly robust auctions.

So, obviously, that’s not true… so what is it?

Another possibility is this MASSIVE financial embargo on Kurdistan, provided this was where currency was coming from.

I have also heard of a couple of major players talking about having money in – or being able to get money out of Kurdistan… all baloney. Kurdistan has been under very tight controls since snubbing the world diplomats with this sham vote pushed by Barzani.

Why was it a sham vote? Simple fact: you can’t just take what isn’t yours to take just because you vote on it.

Back to my previous rebuttal – anyone who actually had money in Kurdistan would have either gotten it out or is REALLY “up a creek”… likely just more B.S.

So…

1) Fewer auctions?

2) Tightening borders (fewer exports)?

3) More demand? I sincerely doubt it.

4) IMHO and most likely, the supply here in the U.S. from disgruntled sellers, which is likely where the bulk of the U.S. supply really comes from, and current interested buyers has finally reached a point of parity where the “supply – demand” scales are more evenly balanced.

Hence, the price goes up (Currently selling between $1100-$1200 per million)

______________________________________________________________

URGENT A bilateral meeting between Mr. Ammar al-Hakim and al-Abadi

Baghdad: al-Furat News – President of the National Alliance, Mr. Ammar al-Hakim, hold an important meeting with Prime Minister Haider Abadi now.

A source told the agency {Euphrates News} today that “Mr. Ammar al-Hakim is currently holding in his office in Baghdad an important meeting with Abadi to discuss the latest developments in the Iraqi arena.”

He pointed out that “the meeting witnessed the issue of elections and the need for honest competition without punctuation.”
Article Credit: alforatnews.com

BGG ~ What I wouldn’t give to have been a “fly on the wall” in that meeting.

______________________________________________________________

Mnt Goat (Dinar Guru) –  Here it comes…RV…All I can say is – I TOLD YOU SO!  Here come the re-education process we have been waiting for all along.  Folks – Iraq is starting the rollout the rollout.Now be patient and let the process go forward. We will be at the banks shortly.  On Tuesday Iraqi TV was showing lower category notes and explaining them to give the citizens instructions on how to use them and what to expect in the coming weeks. WOW!  Then later out pops this article in the news media. Can it get any better?  Article:   “CURRENT NOTES SOON TO BE REPLACED”   Quote:  “About 5 trillion Iraqi dinars ($4.3 billion USD) will circulate along with the old notes, said al-Yasseri, gradually replacing the older issues. He added that for now, both old and new notes will circulate side-by-side.”

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

Mike (Dinar Guru) –   Quote:  “Government / private banks and authorized financial transfer companiesM / training course…We would like to inform you about a training course entitled “Counterfeiting and counterfeiting local and foreign currency and counterfeiting”   …who counterfeits a currency worth 0.00090 to the dollar? And, it’s not even accepted outside of Iraq itself. Counterfeiting a $100 bill makes perfect sense, but a 50K note worth $40 bucks?  [They look towards the future Mike.]   I guess so but Iraq’s currency will slowly rise in value due to the effect of the Balasaa-Samuelson effect, it’s not an overnight deal. In addition, security symbols, raised dots, colored threads and the Spark optical features make this one of the toughest currencies to counterfeit today. With a value of 0.00090 to $1.  Shabibi told us all throughout 2011 and 2012 that counterfeiting was an excuse by Iraq’s leadership to not make a change in the value of the dinar. It was a scare tactic. Why we’re still seeing this stuff is beyond me.   …it sure seems like a lot of work for a currency that’s essentially worthless outside the country.
Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

Kirkuk to hold elections with other provinces, first time in 13 years

BAGHDAD, Iraq – After 13 years of being given a special status, Kirkuk is taking part in Iraqi provincial elections at the same time as other provinces on December 22.

Iraqi MPs who represent Kirkuk province – including Kurds, Arabs, and Turkmens – held a press conference on Saturday afternoon, declaring they have passed a law which allows the province to hold elections on December 22 along with other provinces.

Kirkuk MPs were delighted with the decision and congratulated the people of Kirkuk.

Rebwar Taha, a Patriotic Union of Kurdistan (PUK) MP for Kirkuk, said “we have decided to live together and die together.”

He explained the law will last for four years, and will therefore only apply to this term of elections.

Shakhawan Abdullah, a Kurdistan Democratic Party (KDP) MP for Kirkuk, said he hopes the situation in Kirkuk is normalized before the elections take place so that everyone can participate.

Due to rivalries between Turkmen and Arabs on one hand and Kurds on the other, provincial elections have not taken place in the ethnically mixed city of Kirkuk since 2005.

As many as 900,000 voters are eligible to vote across the province.

Since 2003, Iraq has allowed Kirkuk to hold just one single provincial election due to its “exceptional status.”

Kirkuk was taken over by Baghdad on October 16 after Peshmerga forces pulled out in the face of a major assault.

Oil-rich Kirkuk is a flashpoint between Erbil and Baghdad, which both stake a claim to the province. It is one of the disputed areas and as such falls under Article 140 of the constitution.

Article 140 addresses the issue of the disputed areas claimed by both the regional and central governments. Under it, a census and referendum should have been held by 2007. This has never occurred.

Read More: http://www.dinarupdates.com/showthread.php?56431-Kirkuk-to-hold-elections-with-other-provinces-first-time-in-13-years
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G-Lin (Dinar Guru) –   Article:  “Law of the National Oil Company .. A new era for the development of the economy”    This…art. tells us that  “the Iraqi National Oil Company will be the second largest oil company in the world after Aramco and the largest of all international oil companies. Good stuff. How can Iraq continue to conduct business with a programed artificial devalued rate and operate as the 2nd largest oil co. in the world? Doesn’t make sense at all to me.  They also are beefing up their export industry and that is what we need to see. The tradable international rate will need to be in place IMO.

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

G-Lin (Dinar Guru) –   Article:  “Parliamentary Energy: The law of the National Oil Company will give a share to every Iraqi citizen”   It has taken years. But it did pass and having them all agree on it was the biggest hurdle. Finally profit sharing is addressed. This is the biggy. The entire world has been waiting for this and now it is done. 

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

Sadrists rally against corruption in Baghdad ahead of elections

Supporters of fiercely pro-Iraq Shiite cleric Muqtada al-Sadr gather on Friday at the nation’s capital.

Some held signs reading “the people demand accountability for the corrupt.”

The demonstrators gathered at Tahrir Square, as Iraqi lawmakers are yet to pass a 2018 spending bill.

Others read “million-man march, reformist, electoral, walking towards reform.”

The country is set to hold May 12 parliamentary elections.

Article Credit: Rudaw.net

BGG ~ This may be some of the best news yet. Seeing Sadr and his people on this side of things is a very, very big deal.

______________________________________________________________

Some interesting headlines…

Maliki’s media office reveals the reality of the deterioration of the latter’s health and his departure to Tehran

Baghdad agrees to raise the proportion of Kurdistan from the budget and Erbil is waiting

______________________________________________________________

The Wall Street Journal predicts Abadi will remain in office after the May elections

Baghdad today – “The Wall Street Journal” in a report published Friday, the survival of Prime Minister Haider Abadi in office after the next election, while indicated that the alliances after May, who will decide the form of the next government.

The pro-Iranian Shiite factions, inspired by Hezbollah, also act as political parties, and as with Hezbollah, their ability to exercise political power within Prime Minister Haider al-Abadi’s government and abroad is derived from their weapons, By the total votes they will receive in the May 12 elections. ”

“The multiplicity of political forces and the influence of Iran and the fragmentation of the Iraqi parliamentary system means that post-election bargaining will determine the course of the state rather than the elections itself.”

“Nothing fundamentally changes in the way Iraq is governed,” the paper quoted Haddad, an Iraqi political specialist at the National University of Singapore, as saying.

Haddad added: “The election is likely to result from another coalition government headed by Abadi”

“There is no coherent opposition that can easily outperform it,” Haddad said.

Article Credit: baghdadtoday.news (Special Thanks to Charles Bright)

BGG ~ I like the WSJ’s optimism… we all know how accurate they were on the last election they “predicted”.  I’m hoping on this one, they are more accurate.

______________________________________________________________

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!!)

______________________________________________________________

Post RV Checklist (it’s getting to be that time!! Listen up!!)

Dos and Don’ts of Windfall Wealth:

Treat it like a PowerBall win

– Tell no one, not even family. If you must talk, do so with one who is already in the know.

– Don’t run out & buy new “stuff”. People notice.

– Get an unpublished number and give it out very sparingly.

– Get a tax accountant you can trust to make sure the IRS is satisfied (Certified Opinion is something to look into) and pursue asset protection…

Read Complete List: http://www.dinarupdates.com/showthread.php?18519-The-Post-RV-Checklist-and-Flashback-documents&p=128477#post128477
______________________________________________________________

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

Abadi congratulates ‘all Iraqi nations’ for passing budget

ERBIL, Kurdistan Region – The prime minister of Iraq has congratulated “all the Iraqi nations” on the passing of the 2018 national budget.

Prime Minister Haider al-Abadi said “the passing of the budget bill is the fruit of cooperation between both the legislative and executive authorities.”

Abadi noted the bill was passed into law amid “challenging conditions” in Iraq, such as the fight against ISIS and efforts to restore services to war-ravaged areas.

Abadi said the passing of the budget bill will enable the government to carry out its work and to develop and service projects.

The decree from parliament will also commit the government to pay the salaries of Iraq’s civil servants, he said.

Abadi called on all ministries, institutions, and departments to work in the best possible manner, and pressed the need to work on “rationalizing spending, maximizing state resources and tightening control over public funds.”

With Kurds continuing to boycott, the Iraqi parliament passed its 2018 budget bill on Saturday afternoon after more than three months of disputes.

Abadi has insisted the Kurdistan Regional Government (KRG)’s share should be less, in proportion to the Kurdish population, estimated by Baghdad to be 12.67 percent. Kurdish MPs have not been willing to accept anything less than a 17-percent share.

Kurds claim their share is not sufficient or fair.

Article Credit: Rudaw.net

BGG ~ Well DUH – you’re the leader… there are always “challenging conditions”.

Haven’t you seen “Men in Black”? There’s always a rogue alien trying to blow up the world!!

______________________________________________________________

Sadrists rally against corruption in Baghdad ahead of elections

Supporters of fiercely pro-Iraq Shiite cleric Muqtada al-Sadr gather on Friday at the nation’s capital.

Some held signs reading “the people demand accountability for the corrupt.”

The demonstrators gathered at Tahrir Square, as Iraqi lawmakers are yet to pass a 2018 spending bill.

Others read “million-man march, reformist, electoral, walking towards reform.”

The country is set to hold May 12 parliamentary elections.

Article Credit: Rudaw.net

BGG ~ This may be some of the best news yet. Seeing Sadr and his people on this side of things is a very, very big deal.

______________________________________________________________

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The World Bank funds an investment development project in Iraq

The Euphrates – The economic development project in Iraq, which is funded by an important part of the World Bank, is an achievement to guide investment in the current stage, said Essam Mahaweli, an economist.

“The project, which is financed by an important part of the World Bank, is an achievement to support the management of the capital and direct investment according to the actual need to the requirements of the current phase and to the infrastructure,” the newspaper quoted Al-Mahawi as saying in a press statement. To engage heavily in counseling programs and in a manner that enhances the absorptive capacity of unemployment in the various economic sectors.

He added that the time is now available to implement the project and the need for the contribution of the private sector in the support and implementation of programs, especially for banks and other companies involved in the project, “stressing that the employment opportunities that will be available to many sectors in the activation of decisions of the Kuwait Conference of donors, Its work, which the project will implement…

Read More: http://www.dinarupdates.com/showthread.php?56419-The-World-Bank-funds-an-investment-development-project-in-Iraq

______________________________________________________________

BGG Q & A

Q: I was wondering how much longer can Iraq keep jerking the international investors around before the international investors just throw their hand up in the air to walk away from Iraq. Just asking.

A: They already have. Davos?? Kuwait?? Ring any bells?? The clock is ticking.

______________________________________________________________

Central Bank of Iraq Auctions $181,121,050 on 06 March 2018

Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on March 6 registered $181,121,050 in sales, a -5.19% volume decline from the US $191,034,174 sold by Iraqi Dinar, credit and transfer at the previous auction held on March 5.

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on March 6 compared to the previous auction.

Data for the March 6 auction was made public by CBI Announcement Number 3649.

Dollar sales in the in the period January 1, 2018 to March 6, 2018 saw an increase of -1% compared to the sales of US $6.65 billion in the same period in 2017. The total amount of US currency sold by CBI in the calendar year 2017 was US $15.7 billion.

An analysis of the monthly dollar sales by CBI since January 2016 reveals highly fluctuating volumes. During the period from January 2016 to February 2018, sales of US dollars averaged US $1.89 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.

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

BGG ~ I will continue to highlight the regular auctions. After recently asking around about the reasons for the “tightening” of the supply of Dinar in the U.S… one of the main reasons I got was the fewer and fewer auctions. Wait – what?!? They are still having fairly robust auctions.

So, obviously, that’s not true… so what is it?

Another possibility is this MASSIVE financial embargo on Kurdistan, provided this was where currency was coming from.

I have also heard of a couple of major players talking about having money in – or being able to get money out of Kurdistan… all baloney. Kurdistan has been under very tight controls since snubbing the world diplomats with this sham vote pushed by Barzani.

Why was it a sham vote? Simple fact: you can’t just take what isn’t yours to take just because you vote on it.

Back to my previous rebuttal – anyone who actually had money in Kurdistan would have either gotten it out or is REALLY “up a creek”… likely just more B.S.

So…

1) Fewer auctions?

2) Tightening borders (fewer exports)?

3) More demand? I sincerely doubt it.

4) IMHO and most likely, the supply here in the U.S. from disgruntled sellers, which is likely where the bulk of the U.S. supply really comes from, and current interested buyers has finally reached a point of parity where the “supply – demand” scales are more evenly balanced.

Hence, the price goes up (Currently selling between $1100-$1200 per million)

______________________________________________________________

Kurdistan Region continues to loot Iraqi Oil and demand salaries of employees.

Article Credit: knoozmedia.com (Special Thanks to Paul Moseley)

______________________________________________________________

Kaperoni (Dinar Guru) –  …Banks don’t want to lose money.  They want to know what the spread is from day to day.  They want to know how much it’s going up and how much it’s going down and so on…this has always been an issue since I’ve been in this investment.  The Central Bank had to reduce the spread…Shabibi actually did a wonderful job.  He lowered the spread within the conditions set forth in their article IV consultations.  He got it down to 1200 or so on the street and held it there for 10 months.  In September of 2012 he announced he was going to begin currency reform so we assumed he was going to Article VIII at that point.  Then of course PM Maliki at the time said No, we’re not ready.  We don’t want this to occur…When Shabibi was out of the country for a conference Maliki put out a warrant for his arrest.  Which in essence kept him out of the country and stopped the process in it’s tracks.

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

Kaperoni (Dinar Guru) –  …IMF:   “Although performance under the Stand-By Arrangement has been weak in some key areas, understandings on sufficient corrective actions have been reached to keep the program on track. Against this background, Directors encouraged resolute implementation of the authorities’ program including continued efforts toward fiscal consolidation, strengthening the financial sector, and implementing structural reforms to promote private sector activity and improve the business environment.”   Very key…That is about as stern as I have ever seen from the IMF.   I just think were in a good place finally. With the help of the UST and IMF it looks like they got a plan to reduce the spread.  And with at 1220 now we are only 7 dinars away from 2%.  So by end of week maybe.  Can they hold it? Well I think there is to much riding on it to not to.

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

Kurdish blocs withdraw from political process in Iraq

All Kurdish blocs have decided to withdraw from the political process in Iraq and return to Kurdistan, MP of the Parliament Defense and Security and member of the Kurdish Alliance Shakha wan Abdullah announced on Sunday.

He added that after voting the 2018 state budget and Kirkuk crisis, there is nothing that binds the Kurdistan Region Government with the Baghdad Federal Government.

He further stated that the Kurdish Alliance members are convinced that continuing to participate in the political process in Iraq is meaningless.

Abdullah asserted that after this decision Kurds will return to their people in Kurdistan with their heads high.

The Iraqi parliament approved 12 articles of the budget bill amid boycott by Kurdish lawmakers, who protest what they call insufficient quota of the budget. The parliament also approved the Kurdish quota of the budget, made up 12.7 percent of the budget.

The new budget bill was drafted in October, cutting the region’s share to 12.67 percent, which outraged the Kurdish MPs, who seek to keep the region’s share of the budget as 17 percent as previously set based on populations estimates in 2005.
Article Credit: Thebaghdadpost.com (Special Thanks to Faron Davis)

BGG ~ Another not-so-smart move by Kurdish leadership in recent string of political missteps. They keep going back to an old play book and there is a new, emerging political dynamic in Iraq. Stay tuned!!

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Kaperoni (Dinar Guru) –   From the IMF last Sept…  “25. The government will gradually remove remaining exchange restrictions and a multiple currency practice (MCP) with a view to eliminating exchange rate distortions.Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investor community that Iraq is committed to maintain an exchange system that is free of MCPs and restrictions for current international transactions and thus facilitate creation of a favorable business climate.”   So it’s coming.  That should perpetuate a new exchange rate regime as well causing the dinar to rise.  …I believe once it starts, it won’t take more than a year to rise to a value we are comfortable with.

Read more: http://www.dinarupdates.com/observer/
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Enorrste (Dinar Guru) –   …Once the ball starts rolling it will proceed quickly to a value that we can all enjoy.  The simple fact is that there are now a vast majority of factors in our favor versus the few left that seem to be holding this back.  ISIS is decimated in Iraq; the banking structure is becoming more internationally connected; interest in investing has risen even if actual investment has not yet begun; the CBI has finally tackled the problem with the spread (this is really key); the CBI is officially on the record now for some time to move toward a floating currency; talk of ending the auctions has risen to the point that it will become a reality soon; the IMF is trustee over the CBI and is on record to move Iraq into the real world; etc.  I will be surprised if we don’t see the float begin sometime this year.

Read more: http://www.dinarupdates.com/observer/
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Iraq budget: Kurdish demands blanked, but boycotting MPs sense ‘opportunity’

BAGHDAD, Iraq — With Kurds continuing to boycott, the Iraqi parliament passed its 2018 budget bill on Saturday afternoon after more than three months of disputes. Some Kurdish MPs see this as an “opportunity” that shouldn’t be missed.

Kurds claim their share is neither sufficient nor fair.

Sunni MPs participating in the session allowed for a quorum, which their Kurdish counterparts see as a political coup.

“They have committed a coup against the agreements they made with us in 2003,” Adil Nuri from the Kurdistan Islamic Union (KIU) told Rudaw.

Nuri was not completely disappointed, however. He called on Kurds to meet and make a decision to withdraw from the Iraqi government…

Read More: http://www.dinarupdates.com/showthread.php?56430-Iraq-budget-Kurdish-demands-blanked-but-boycotting-MPs-sense-%91opportunity%92&p=181414#post181414

BGG ~ Oh wow… lot’s of meat on this!!

1) How in the world the Kurdish leadership can look at this as a win is beyond me.

A) They’ve been stealing national oil for years – some portion of those proceeds were going to Maliki (reportedly).

B) They just got CAUGHT with 50,000 extra names on the employee list that DON’T EXIST!! They’ve been pushing, pushing, pushing to get this paid right away. Why?!? Because they knew there was some HINKY STUFF in there and they were looking to collect before anyone started looking too hard.

2) This language about “returning of all the money it gained through its export of Kirkuk oil…” is VERY STRONG LANGUAGE.

I don’t see how this can’t wind up with Maliki not getting tangled up in this “recouping” of assets.

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Some interesting headlines…

Maliki’s media office reveals the reality of the deterioration of the latter’s health and his departure to Tehran

Baghdad agrees to raise the proportion of Kurdistan from the budget and Erbil is waiting

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The Wall Street Journal predicts Abadi will remain in office after the May elections

Baghdad today – “The Wall Street Journal” in a report published Friday, the survival of Prime Minister Haider Abadi in office after the next election, while indicated that the alliances after May, who will decide the form of the next government.

The pro-Iranian Shiite factions, inspired by Hezbollah, also act as political parties, and as with Hezbollah, their ability to exercise political power within Prime Minister Haider al-Abadi’s government and abroad is derived from their weapons, By the total votes they will receive in the May 12 elections. ”

“The multiplicity of political forces and the influence of Iran and the fragmentation of the Iraqi parliamentary system means that post-election bargaining will determine the course of the state rather than the elections itself.”

“Nothing fundamentally changes in the way Iraq is governed,” the paper quoted Haddad, an Iraqi political specialist at the National University of Singapore, as saying.

Haddad added: “The election is likely to result from another coalition government headed by Abadi”

“There is no coherent opposition that can easily outperform it,” Haddad said.

Article Credit: baghdadtoday.news (Special Thanks to Charles Bright)

BGG ~ I like the WSJ’s optimism… we all know how accurate they were on the last election they “predicted”.  I’m hoping on this one, they are more accurate.

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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!!)

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Post RV Checklist (it’s getting to be that time!! Listen up!!)

Dos and Don’ts of Windfall Wealth:

Treat it like a PowerBall win

– Tell no one, not even family. If you must talk, do so with one who is already in the know.

– Don’t run out & buy new “stuff”. People notice.

– Get an unpublished number and give it out very sparingly.

– Get a tax accountant you can trust to make sure the IRS is satisfied (Certified Opinion is something to look into) and pursue asset protection…

Read Complete List: http://www.dinarupdates.com/showthread.php?18519-The-Post-RV-Checklist-and-Flashback-documents&p=128477#post128477
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Thanks – BGG!!

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