Iraq prime minister promises corruption crackdown, says laws will protect nervous foreign investors

More than six months after Iraq’s leadership proclaimed the defeat of ISIS on Iraqi territory, the country is on a path to rebuild and has seen promising signs of international investment for its reconstruction.

Though the country’s reconstruction is in its early stages, Prime Minister Haider al-Abadi told CNBC Sunday at the Munich Security Conference, he described the progress as “encouraging” and as evidence of trust from the international community in Iraq.

“We never anticipated this number of companies, investors or would-be investors, governments, to be so enthusiastic about taking part,” Al-Abadi said, in reference to an international conference held last week in Kuwait for the rebuilding of Iraq. “This is a sign that there is a trust with Iraq. There is a trust that Iraq is moving to a different direction than before, which is very encouraging for us, and very encouraging for them.”

The Kuwaiti-sponsored conference drew representatives from more than 70 countries, 51 international aid organizations, and several hundred businesses. The enthusiastic gathering of international donors, which culminated in $30 billion worth of pledged investment, represented widespread support for a stabilized Iraq. International leaders have warned that insufficient resources for Iraqi reconstruction could undo all the progress made against ISIS and enable social and economic problems to fuel further sectarian strife.

Just three months away from elections, reconstruction efforts are the key focus for the government of Iraq as more than 900,000 people return to communities demolished after years of fighting. In Mosul alone, aid organizations estimate it will take a decade to rid the city of its remaining improvised explosive devices and dangerous remnants of war.

Iraqi officials have said that $88.2 billion would be needed to rebuild the war-battered country, with housing among the most urgent priorities. They noted that the $30 billion pledged in Kuwait fell significantly short of that figure, though Al-Abadi described it as very positive regardless.

Still, while the security situation may have improved, many investors are wary of deep-seated corruption and a dense web of red tape and bureaucracy. Transparency International ranks Iraq as the 10th most corrupt country in the eyes of investors.

Asked how the government would reassure investors that their funds would be allocated properly, the prime minister stressed his focus on tackling corruption.

“We are laying down all the legal framework … I think the worry is corruption, number one, which is hiding behind red tape and bureaucracy. We have established a higher committee which is headed by the prime minister and it has a follow up team to make sure to remove blocks as they are there because of the bureaucracy,” Al-Abadi said.

“I think this will be a huge bonus for companies; sometimes they are pressed to pay bribes or something like that. We want to keep away from this, we want every dollar which goes into investment or donation to serve the people, not to go to the pockets of corrupt people.”

Al-Abadi appeared confident, despite the significant challenges ahead.

“I think now that the process of engaging investors in Iraq, I am sure in the next few months will be the foundation of this. We’ve already appointed a committee. Next month is going to be a meeting with major investors to follow up … And I hope that after the election they’ll immediately start.”

Article Credit: CNBC.com (Special Thanks to Vernell Washington)

BGG ~ In all fairness, I should note a word of caution, though this is reasonably “mainstream”, it feels like an “overly rosy” report. Best case, this is not as I have reported these events. Sounds a lot like “pre-election” rhetoric to me. 

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The date of voting on the budget of 2018

Baghdad News – A member of the Finance Committee of Parliament Mahasen Hamdoun, said Monday that next Tuesday is the date of voting on the budget in 2018.

Hamadoun said in a press statement that ‘the Finance Committee continues its meetings to discuss the budget and will not clear things, only on the day of voting on it’.

“The vote on the budget will be next Tuesday,” she said, stressing that ‘deductions of salaries of employees stopped in the budget’.

“The Finance Committee is meeting today to complete the discussions and will not show the picture only in the voting session on the budget,” adding that ‘the proportion of the region will not change and the members of the Kurdistan Alliance did not attend to discuss the budget so far, so the situation remains as it is.

Read More: http://www.dinarupdates.com/showthread.php?56313-Disclosure-of-the-date-of-voting-on-the-budget-of-2018
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Central Bank of Iraq Auctions $190,127,818 on 19 February 2018

Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on February 19 registered $190,127,818 in sales, a -2.46% volume decline from the US $194,932,241 sold by Iraqi Dinar, credit and transfer at the previous auction held on February 18.

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on February 19 compared to the previous auction.

Data for the February 19 auction was made public by CBI Announcement Number 3638.

Dollar sales in the in the period January 1, 2018 to February 14, 2018 saw an increase of -1% compared to the sales of US $4.75 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 $1.81 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.

Read More: http://www.dinarupdates.com/showthread.php?56268-Central-Bank-of-Iraq-Auctions-182-320-645-on-14-February-2018&p=181224#post181224

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.

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Corruption fears prevent the World Bank from handing over the money of the Kuwait conference to the Iraqi government

A member of the Committee on Economy and Investment Representative Amer al-Fayez, Sunday, that the news that talked about the condition of the World Bank on the survival of the funds of the donors conference under his supervision is expected, indicating that Iraq is globally diagnosed high corruption index and therefore there is fear of handing over money.

Al-Fayez said in a press statement that “the subject of the World Bank’s requirement not to hand over the funds of the donor conference to the Iraqi government and keeping it under his supervision in the disbursement of investment companies that aspire to the reconstruction of Iraq is expected,” pointing out that “at the beginning of the donor conference in Kuwait, To deposit money in the Kuwaiti bank and disbursed in the form of payments to investment companies. ”

Adding that “this is expected because Iraq is diagnosed by the countries of the world high corruption index in this and led to loss of confidence in Iraqi institutions.”

The Economic Committee in the Iraqi parliament, earlier, that the loans granted to Iraq at the International Conference on Iraq Reconstruction, amounting to about $ 27 billion, will weigh the “burden” of the budget.

The Kuwait International Conference for the Reconstruction of Iraq began in Kuwait on Monday, 12 February 2018, and lasted until the 14th.

Article Credit: Basnews.com

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Government sources: 6000 cases of corrupt officials, of which about 3,000 have not been completed

A total of 6,000 cases of corrupt officials have been brought in by former and current governments, of which about 3,000 have not been completed, government sources said on Sunday.

The sources revealed in a statement that the government and parliamentary oversight bodies are subject to political pressure, which hinders its work and its ability to hold the corrupt accountable.

In this context, the spokesman of the Supreme Judicial Council, Abdul Sattar Birqdar, acknowledged that the recent amnesty law allowed Fasdeen to escape punishment.

“There are corrupt people who have been convicted of judicial decisions and sentenced them in accordance with the law, but they included the general amnesty law legislated by the House of Representatives,” Berkdar said.

Read More: http://www.dinarupdates.com/showthread.php?56314-Government-sources-6000-cases-of-corrupt-officials-of-which-about-3-000-incomplete

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BGG (Dinar Guru) –  Article:  “COMMITTEE OF ACCOUNTABILITY: ANNOUNCE THE NAMES OF 5,000 PEOPLE INCLUDED IN THE SEIZURE OF FUNDS THIS WEEK”  Funny how that works…about one day after they realize the world isn’t going to “give them” anymore money, they go back and think about getting it back from the crooked politicians who’ve been stealing from the GOI and the people of Iraq.  According to recent estimates, they could collect as much as 500 BILLION (USD) back to the state treasury by enacting and enforcing simple legislation they’ve had in the works for some time now.  P.S. as reported in major OP ED’s in Baghdad recently, Maliki and his henchmen had better wind up on this list…It is critical to Iraq’s long term success to get a handle on the endemic corruption.

Read more: http://www.dinarupdates.com/observer/
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G-Lin (Dinar Guru) –  “Economist shows the most important “problem” facing investment in Iraq”   The news currently is scarce and most of it is propaganda…Being an election year in Iraq, it is hard to tell the honesty in most arts.  It is time for Iraq to act on their economy however. And floating their dinar may be a life saver. I think it would give the investors a little bit of confidence that seems to be missing. They really need to do something at this stage. We shall see.
Read more: http://www.dinarupdates.com/observer/
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Washington agrees to send US troops to “protect” the elections in Iraq

A spokesman for the so-called “Nineveh Arab tribes” Muzahim al-Hewitt, the request for “official” to the US government includes sending US troops to oversee the upcoming parliamentary elections, stressing that the American side agreed to their request.

Al-Hewitt said active Sunni tribes and parties had submitted a unified request to the US government recently to send US troops to oversee elections in Sunni areas to replace security forces and popular mobilization. Adding that the US side approved the proposal and will send troops in the coming days to the Sunni provinces and disputed areas, without revealing the numbers of these forces.

The Lebanese newspaper Al-Akhbar revealed on Tuesday the intention of the Union of Forces to ask the federal government to deploy US troops in their areas during the parliamentary elections scheduled for next May.

Read More: http://www.dinarupdates.com/showthread.php?56318-Washington-agrees-to-send-US-troops-to-%93protect%94-the-elections-in-Iraq&p=181283#post181283

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Chattels (Dinar Guru) –  Article quote:  “Foreign exchange markets in Baghdad, on Sunday morning, a significant decline in the exchange rate of the dollar against the Iraqi dinar. The market price in the Kifah Stock Exchange in Baghdad was 1225.5 dinars per dollar, ie 122 thousand and 550 dinars per hundred dollars.”   [… if the exchange declines…will that reduce the spread?]   Yes, a 2% spread or variance requires that the Dinar market rate be about 1202.

Read more: http://www.dinarupdates.com/observer/
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mike (Dinar Guru) –   Article:  “Invest Iraq conference” concludes in Kuwait”   For sure, this conference did not live up to the expectations that folks were screaming about before the event. This was planned for months prior to the February 12th, Abadi was counting on this to aid his bid for a second term as PM, which is why these tepid articles about success are beginning to come out. He has to spin this in a way that serves his purpose.  Pledges and contracts in the ME are not the same as cash in hand. Iraq won’t manage any of the funds the Sunni countries put towards reconstruction, these will all be managed by the WB and IMF.  [post 1 of 2]

Read more: http://www.dinarupdates.com/observer/
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A German company gives the government a “road map” to invest in Iraq

The head of the company and its executive director Joy Keizer, Prime Minister Haider al-Abbadi handed over a road map in which he outlined the investments and development projects that the company will implement in the country in the short, medium and long term.

“We are honored to be a close partner of Iraq and will work in coordination with the Federal Ministry of Development and Economic Cooperation of Germany to support Iraq’s reconstruction and development efforts in areas such as education, training and combating corruption,” Kaiser said.

The company’s plan also aims to ensure uninterruptible power supplies up to 16 gigawatts by 2025 to feed all and around Iraqi cities and will be implemented in short and long-term phases.

Siemens is also seeking better use of natural resources in Iraq, such as oil and gas, by adapting its own technology to divert the lost gas associated with oil to a valuable product that feeds national power plants and provides financial returns to the state treasury.

The company expects to provide about $ 5.2 billion in gas use to meet domestic demand over the next four years, with the cessation of incineration of associated gas by 2021.

Article Credit: en.economiciraq.com (Special Thank to Faron Davis)

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Some interesting headlines…

Donors’ conference: hopes for money

Nujaifi: We did not ask the United States to postpone the elections and the causes of divisions are many

Businessmen seek guarantees against bureaucracy to invest in Iraq

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Iraq’s rebuilding cannot start without reconciliation

The president of the United States Institute of Peace, Nancy Lindborg, who has just visited Iraq, says divisions in the country remain an underlining problem.

And although Iraq’s Prime Minister, Haider Al Abadi, announced a military victory against ISIL in December, there must be a focus on reconciliation to bridge inter-sectarian differences, she stressed.

Iraqis are “alert that although the military campaign is over, Daesh and its ideology is still there,” Mrs Lindborg told The National in an interview in Abu Dhabi.

“A person told us that Daesh didn’t come from a different planet, it came from the grievances that existed in Iraq.”

With parliamentary elections scheduled for May, Iraq’s politics remain divided along sectarian lines, with Shiite politicians in the main positions of power, with many Sunnis – who have boycotted elections in the past – saying they remain sidelined. The future of the semi-autonomous northern region of Kurdistan also remains unresolved after an unsanctioned referendum on independence last autumn.

For Mrs Lindborg, reconciliation is people’s necessary “mechanism for discussing what is the divide in their community without resorting to violence.”

The government must ensure that it creates an “inclusive and accountable way of governing the country so it’s a government for everyone,” she said. Iraq’s weakened social fabric along with widespread corruption are a stumbling block to efforts to recover from its three-year conflict with the insurgents.

Read More: http://www.dinarupdates.com/showthread.php?56283-Iraq-s-rebuilding-cannot-start-without-reconciliation
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Float the Iraqi dinar and stop the auction currency is the only solution of the Iraqi economy.

Under Conference : Kuwait , the results of which are discouraging to solve the problem economic Iraqi especially after the devastation resulting from the grinding war on terrorism must think of radical solutions and take advantage of other peoples experiences

I want to point to the experience of two states at the time Alhadrohee experience Masrafiqirh powered and experience its Vnzula oil – rich experience sister bank to float the Egyptian pound in 2016, which produced Mayati after only one year of floatation first year float ..

Egypt stronger “numbers” after the liberation of the exchange rate .. cash reserve jumps from 19 to 36.5 billion dollars .. and $ 56 billion to save imports .. and $ 13.7 billion Surplus payments .. and 17.3% higher transfers abroad…

Float the currency , ” an economic term means that the exchange rate against the dollar or any foreign currency away from any interference from the government or the central bank in determining its price, and the associated value of supply and demand

Yes to float the Egyptian currency has led to decrease the price of the pound against the dollar from about 9 to 17 but still the state provides the necessary materials and medicines for citizens did not increase the rate of poverty with the knowledge that Egypt imports most of its need – oil from abroad , which is a very large Obeie

Second example is the state of Venezuela , the state is very rich in oil and is now on the verge of bankruptcy where the conduct of its economy in a similar manner to what is in Iraq at the time of The present and the currency “Venezuela” is now at 3 prices for the exchange, according to the price of central bank exchange rate, the price on the black market, the price used in exports with a large corruption in the work of the Central Bank of

Iraq is on its way with no doubt the Venezuelan example , that measures and radical reforms are similar not taken what happened in Egypt with a big difference to Msalkhh Iraq and hwan Iraq earned from oil exports in the month of December 2017 will alone $ 4-6 billion means about 76 billion Dola year benefits desired from the floating currency with some Alajrouat that resemble Maatkhzth Egypt with the presence of transparency
will increase the central bank reserves amounting up to more than 40 – 50 carefully Dollars in one year

(Masrasttaat increase the central bank ‘s reserves by more than 16 billion in one year) and can this amount available start for major energy projects and water desalination projects , agricultural and construction of hospitals and factories and by international companies sober and will pay for these projects from oil imports without waiting to on foreign investment and this process will provide hundreds of thousands and even millions of jobs for unemployed Iraqis

( the foreign investor foreign workers will come more often , as happened with the oil companies) and foreign investor even if it came at the present time will benefit from the auction sale of the existing currency is currently the result The damage to the Iraqi economy as is the case with mobile phone companies, but if you stop the auction currency impact will be in the interest of Iraq , even with foreign investor

What damage the possible risks in the case of the floating currency of course there is a risk of low currency Iraqi, but for employees who exceed their income from $ 1000 will be the damage is limited and only at the beginning and only the value of purchasing materials perfectionism but will be offset by electricity, hospitals, medical equipment, medicines, roads, water improvement and card Altamonah and there is a potential for a greater number of family members are more job opportunities, but when you start the economy and Planter plants Iraq U – turn will be a drop in the currency news out of date

this process can reduce the rampant corruption and companies unreality It is possible that the Iraqi economy turns into one of the largest developing economies , and
in any case can go back to sell the currency once again after a year or two years if it was not written for this process success and I do not think the piece and the people of Egypt Asalo

Read Full Text: http://www.dinarupdates.com/showthread.php?56296-Flooding-the-Iraqi-dinar-and-stopping-the-auction-is-the-solution-for-the-economy&p=181256#post181256

BGG ~ Some interesting stuff out there right now…

As I talked about, with the send-off Abadi got at Davos, I had figured this Kuwait Conference wouldn’t go quite the way everyone was thinking. I said as much.

There wasn’t much in the way of “hand-outs” directly to the government of Iraq. There were some commitments and some direct loans (if they want them).

However, loans will weigh down their future budgets (is their concern)… I get the impression they were mainly after free money.

Oh well…

On the other hand, I am still encouraged. In fact, this recent article:

…”Float the Iraqi dinar and stop the auction currency is the only solution of the Iraqi economy”…

…shows us a couple of things:

1) While there seems to be some resistance – from somewhere in the GOI to a move with the currency, where that is or why it is, I am unsure…

2) …there also appears those on the other side of the fence, I am assuming those opposed to corruption and the corrupt processes… are putting pressure on the first group to do something, other than just fish around for free money. Such is noted in the above article.

On a side note, and relating to “fishing around” for free money… there did appear to be something of a start to rounding up corrupt political figures in an effort to reclaim “ill-gotten gains”. As an additional note: Reported in Baghdad recently, it is implied such a push must include Maliki and his henchmen if such a move is to be recognized by the world (and Iraqis) as a genuine effort.

While a float may or may not be what they (or you and I) had envisioned, they just may well do something like this before they do nothing at all. Like I have said all along – I don’t really care how it starts… just that it does and they GET TO IT!!

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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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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

Float the Iraqi dinar and stop the auction currency is the only solution of the Iraqi economy.

Under Conference : Kuwait , the results of which are discouraging to solve the problem economic Iraqi especially after the devastation resulting from the grinding war on terrorism must think of radical solutions and take advantage of other peoples experiences

I want to point to the experience of two states at the time Alhadrohee experience Masrafiqirh powered and experience its Vnzula oil – rich experience sister bank to float the Egyptian pound in 2016, which produced Mayati after only one year of floatation first year float ..

Egypt stronger “numbers” after the liberation of the exchange rate .. cash reserve jumps from 19 to 36.5 billion dollars .. and $ 56 billion to save imports .. and $ 13.7 billion Surplus payments .. and 17.3% higher transfers abroad…

Float the currency , ” an economic term means that the exchange rate against the dollar or any foreign currency away from any interference from the government or the central bank in determining its price, and the associated value of supply and demand

Yes to float the Egyptian currency has led to decrease the price of the pound against the dollar from about 9 to 17 but still the state provides the necessary materials and medicines for citizens did not increase the rate of poverty with the knowledge that Egypt imports most of its need – oil from abroad , which is a very large Obeie

Second example is the state of Venezuela , the state is very rich in oil and is now on the verge of bankruptcy where the conduct of its economy in a similar manner to what is in Iraq at the time of The present and the currency “Venezuela” is now at 3 prices for the exchange, according to the price of central bank exchange rate, the price on the black market, the price used in exports with a large corruption in the work of the Central Bank of

Iraq is on its way with no doubt the Venezuelan example , that measures and radical reforms are similar not taken what happened in Egypt with a big difference to Msalkhh Iraq and hwan Iraq earned from oil exports in the month of December 2017 will alone $ 4-6 billion means about 76 billion Dola year benefits desired from the floating currency with some Alajrouat that resemble Maatkhzth Egypt with the presence of transparency
will increase the central bank reserves amounting up to more than 40 – 50 carefully Dollars in one year

(Masrasttaat increase the central bank ‘s reserves by more than 16 billion in one year) and can this amount available start for major energy projects and water desalination projects , agricultural and construction of hospitals and factories and by international companies sober and will pay for these projects from oil imports without waiting to on foreign investment and this process will provide hundreds of thousands and even millions of jobs for unemployed Iraqis

( the foreign investor foreign workers will come more often , as happened with the oil companies) and foreign investor even if it came at the present time will benefit from the auction sale of the existing currency is currently the result The damage to the Iraqi economy as is the case with mobile phone companies, but if you stop the auction currency impact will be in the interest of Iraq , even with foreign investor

What damage the possible risks in the case of the floating currency of course there is a risk of low currency Iraqi, but for employees who exceed their income from $ 1000 will be the damage is limited and only at the beginning and only the value of purchasing materials perfectionism but will be offset by electricity, hospitals, medical equipment, medicines, roads, water improvement and card Altamonah and there is a potential for a greater number of family members are more job opportunities, but when you start the economy and Planter plants Iraq U – turn will be a drop in the currency news out of date

this process can reduce the rampant corruption and companies unreality It is possible that the Iraqi economy turns into one of the largest developing economies , and
in any case can go back to sell the currency once again after a year or two years if it was not written for this process success and I do not think the piece and the people of Egypt Asalo

Read Full Text: http://www.dinarupdates.com/showthread.php?56296-Flooding-the-Iraqi-dinar-and-stopping-the-auction-is-the-solution-for-the-economy&p=181256#post181256
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BGG ~ Well folks… some interesting stuff out there right now…

As I talked about, with the send-off Abadi got at Davos, I had figured this Kuwait Conference wouldn’t go quite the way everyone was thinking. I said as much.

There wasn’t much in the way of “hand-outs” directly to the government of Iraq. There were some commitments and some direct loans (if they want them).

However, loans will weigh down their future budgets (is their concern)… I get the impression they were mainly after free money.

Oh well…

On the other hand, I am still encouraged. In fact, this recent article:

…”Float the Iraqi dinar and stop the auction currency is the only solution of the Iraqi economy”…

…shows us a couple of things:

1) While there seems to be some resistance – from somewhere in the GOI to a move with the currency, where that is or why it is, I am unsure…

2) …there also appears those on the other side of the fence, I am assuming those opposed to corruption and the corrupt processes… are putting pressure on the first group to do something, other than just fish around for free money. Such is noted in the above article.

On a side note, and relating to “fishing around” for free money… there did appear to be something of a start to rounding up corrupt political figures in an effort to reclaim “ill-gotten gains”. As an additional note: Reported in Baghdad recently, it is implied such a push must include Maliki and his henchmen if such a move is to be recognized by the world (and Iraqis) as a genuine effort.

While a float may or may not be what they (or you and I) had envisioned, they just may well do something like this before they do nothing at all. Like I have said all along – I don’t really care how it starts… just that it does and they GET TO IT!!

______________________________________________________________

COMMITTEE OF ACCOUNTABILITY: ANNOUNCE THE NAMES OF 5,000 PEOPLE INCLUDED IN THE SEIZURE OF FUNDS THIS WEEK

The Commission on Reconciliation, Accountability and Justice in the House of Representatives, that next week will see the announcement of the names of about 5,000 people included in the seizure of funds.

The head of the committee Hisham al-Suhail told the news agency, “The Supreme Commission for Accountability and Justice ended the names of all those involved in the seizure of funds,” noting that there is some delay from the Secretariat General of the Council of Ministers not to form a special committee, calling for the urgency of issuing instructions and the formation of the Committee through an approach The competent ministries shall designate the general directors who shall form the committee.

Al-Suhail, who is covered by the decision to hold the money, estimated about 5,000 persons, while the names of tens of thousands will be issued and they can be disposed of afterwards.

Read More: http://www.dinarupdates.com/showthread.php?56297-Announce-the-names-of-5-000-people-included-in-the-seizure-of-funds-this-week&p=181258#post181258  (Special thanks to Vernell)

BGG ~ Funny how that works… about one day after they realize the world isn’t going to “give them” anymore money, they go back and think about getting it back from the crooked politicians who’ve been stealing from the GOI and the people of Iraq.

According to recent estimates, they could collect as much as 500 BILLION (USD) back to the state treasury by enacting and enforcing simple legislation they’ve had in the works for some time now.

P.S. as reported in major OP ED’s in Baghdad recently, Maliki and his henchmen had better wind up on this list…

It is critical to Iraq’s long term success to get a handle on the endemic corruption.

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Central Bank of Iraq Auctions $198,173,094 on 15 February 2018

Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on February 15 registered $198,173,094 in sales, a 8.69% volume increase from the US $182,320,645 sold by Iraqi Dinar, credit and transfer at the previous auction held on February 14.

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

Data for the February 15 auction was made public by CBI Announcement Number 3636.

Dollar sales in the in the period January 1, 2018 to February 14, 2018 saw an increase of -1% compared to the sales of US $4.75 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 $1.81 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.

Read More: http://www.dinarupdates.com/showthread.php?56268-Central-Bank-of-Iraq-Auctions-182-320-645-on-14-February-2018&p=181224#post181224

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.

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Abadi: We have sent to the parliament a new amendment to the budget for approval

Prime Minister Haider al-Abadi announced the sending of a new amendment to the budget to parliament for the vote and approval, stressing at the same time that the federal government will not stand against the Kurdish people with regard to the budget of the Kurdistan region.

Read More: http://www.dinarupdates.com/showthread.php?56291-Abadi-We-have-sent-to-the-parliament-a-new-amendment-to-the-budget-for-approval

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Breitling (Dinar Guru) –  …What’s the trend that’s coming out?  I’ve been getting emails from people asking, “Hey can you recommend a place to buy currency because I went to this trader and they don’t have anymore?” …I started getting more and more emails…The reality is everyone is running out of dinar…I waited and waited to actually find out…from the guys who actually ship the currency over here.  There are only three sources that ship the currency over here.  And I found out they have no problem at all getting dinar…there’s no laws preventing them from getting dinar.  No one has said anything to them.  They have a shortage.  Do you know what that means?  That means they reduced the note count down that much.  It means everything!  [Post 1 of 3 ]

Read more: http://www.dinarupdates.com/observer/
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Breitling (Dinar Guru) –  …Those numbers reflect…Do I have the exact number?  No…I can tell you when I got into this investment they had about 9 billion notes.    And that’s the information I got from the IMF when I researched this…so it went from 9 billion notes to 15 billion notes…I was like holy crap it’s not going to revalue when it gets this high.  But guess what?…they said they were going to reduce the note count and they finally did.  The last report was 4 billion notes.  And I don’t know why they put that report out because you’re not supposed to do that….The reason why it got so high was coming from General Petraeus and these guys …they were saying they’re trying to keep the value down, cheap, so they could rebuild that country.  [Post 2 of 3 ]

Read more: http://www.dinarupdates.com/observer/
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Iraq’s rebuilding cannot start without reconciliation

The president of the United States Institute of Peace, Nancy Lindborg, who has just visited Iraq, says divisions in the country remain an underlining problem.

And although Iraq’s Prime Minister, Haider Al Abadi, announced a military victory against ISIL in December, there must be a focus on reconciliation to bridge inter-sectarian differences, she stressed.

Iraqis are “alert that although the military campaign is over, Daesh and its ideology is still there,” Mrs Lindborg told The National in an interview in Abu Dhabi.

“A person told us that Daesh didn’t come from a different planet, it came from the grievances that existed in Iraq.”

With parliamentary elections scheduled for May, Iraq’s politics remain divided along sectarian lines, with Shiite politicians in the main positions of power, with many Sunnis – who have boycotted elections in the past – saying they remain sidelined. The future of the semi-autonomous northern region of Kurdistan also remains unresolved after an unsanctioned referendum on independence last autumn.

For Mrs Lindborg, reconciliation is people’s necessary “mechanism for discussing what is the divide in their community without resorting to violence.”

The government must ensure that it creates an “inclusive and accountable way of governing the country so it’s a government for everyone,” she said. Iraq’s weakened social fabric along with widespread corruption are a stumbling block to efforts to recover from its three-year conflict with the insurgents.

Read More: http://www.dinarupdates.com/showthread.php?56283-Iraq-s-rebuilding-cannot-start-without-reconciliation

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Breitling (Dinar Guru) –   …And the Iraqi Dinar was becoming so popular they had to squash it.  There has been a policy to keep the dinar artificially low.  All we had to do was watch when the policy flipped…and what do we see?  A huge huge decrease in dinar availability.  That’s huge…the numbers don’t lie.  The numbers are there and you see the result of it…you should right now be very very happy.  There is still dinar out there…but it’s not sitting out there like it used to be.   So that’s phenomenal news that’s coming out.  We’re actually seeing the result of the reduction of the note count.  And that means EVERYTHING.  They just can’t add value to a currency.  It has to physically equate and represent.  Just like the U.S. dollar…and guess what?  You’re seeing that.  It’s here right in front of you.  [Post 3 of 3 ]

Read more: http://www.dinarupdates.com/observer/
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Adam Montana (Dinar Guru) –  Maliki – that’s an interesting topic right now. I think he’s backed off of the “old Maliki” style considerably, and Abadi is no fool. He’s certainly wise to the posturing and politics. They say there’s no such thing as an “honest politician”, and even though I am a cheerleader for Abadi, the adage applies to him as well. I truly believe that Maliki has created enough past bad-will that he will never truly find himself in a position of power again, and Abadi can play the game well enough to ensure that stays true. If anything, Maliki’s new approach will encourage positive progress for the country as a whole. Abadi should remain in his position, and any kind of peaceful and reasonable discourse between the parties will move us closer to an RV. Conclusion: As much as I loathe these words… I don’t see Maliki as a hindrance to a ReValuation any more. In fact, he may be helping in a roundabout way. 

Read more: http://www.dinarupdates.com/observer/
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Barzani: Ready to solve our problems with Baghdad

Arbil / .. The head of the Kurdistan Regional Government, Nechirvan Barzani, on Wednesday, the region’s readiness to resolve problems with the federal government on the basis of the Constitution, while expressing his hope for continued US support for the Peshmerga forces.

The Presidency of the Kurdistan Government in a statement received “Eye of Iraq News”, a copy of it, “The Kurdistan Regional Government President Nechirvan Barzani and his deputy Kibad Talabani and a number of officials of the Kurdistan region met with a delegation of US military and diplomatic led by US Central Command commander Jean Joseph Futil,” indicating that “The meeting discussed the military and security situation in Iraq and the Kurdistan region, and the post-elimination of Daqash as well as the technical committees talks between Arbil and Baghdad and my meeting Barzani and Prime Minister Haider Abadi in Baghdad and Davos.”

Barzani praised the “continued support and military assistance to the Peshmerga forces in the war against Daqash, expressing his hope for continued assistance,” reiterating the “readiness of the Kurdistan Region to resolve problems with the Iraqi federal government on the basis of the Constitution.”

For his part, Fotil stressed the “continued US military assistance to the Peshmerga forces,” expressing at the same time “his support and satisfaction of the dialogue between Arbil and Baghdad.”

The Kurdistan region suffers from an internal political and economic crisis following the holding of the independence referendum on September 25, while the relationship between the federal government and the Kurdistan region is strained, prompting the central government to impose several measures, including stopping international flights at Erbil and Sulaymaniyah airports.

Read More: http://www.dinarupdates.com/showthread.php?56273-Barzani-Ready-to-solve-our-problems-with-Baghdad

BGG ~ If Barzani is thinking he’ll get the US to come down on the side of the Kurds between them and Baghdad, he’s fooling himself. Especially after how his uncle snubbed the “all-in” diplomatic efforts of the world at critical moments in recent Iraq history. Barzani clearly showed he put his personal agenda ahead of everyone.

P.S. Has it gotten COMPLETELY past everyone the KRG has had a complete government rearrangement (not actually changing anything)… WITHOUT A SINGLE VOTE BEING CAST?? No Parliamentary elections, No local elections, No nothing… still a Barzani heading it up, still a Talabani riding shotgun – but no ballot boxes anywhere. Funny how that works.

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Some interesting headlines…

Donors’ conference: hopes for money

Nujaifi: We did not ask the United States to postpone the elections and the causes of divisions are many

Businessmen seek guarantees against bureaucracy to invest in Iraq

______________________________________________________________

World Bank: Iraq is the best place to invest in the world

The Internatinal Finance Corporation (IFC), the private sector arm of the World Bank, has urged international companies to overcome their concerns about financing reconstruction projects in Iraq and capitalize on high-yielding investment opportunities there.

“As the country emerges from a devastating three-year war against ISIS, I do not think anywhere in the world there are such opportunities for investment,” said Ziad Bader, head of the International Finance Corporation’s mission in Iraq, in a speech at Kuwait Chamber of Commerce and Industry.

“IFC has investments of about $ 1.2 billion in various projects in Iraq, including banks, cement factories and telecommunications companies, and is preparing to announce an investment of $ 250 million in a telecommunications project,” he said.

Read More: http://www.dinarupdates.com/showthread.php?56255-World-Bank-Iraq-is-the-best-place-to-invest-in-the-world
______________________________________________________________

$30bn Pledged to Iraq – Time to Act!

Following the Kuwait International Conference for the Reconstruction of Iraq earlier this week, Iraq has so far received pledges of financing totalling around $30 billion to help with rebuilding the country after the devastating war against the Islamic State group.

While this is well short of the $88 billion in funding estimated to be needed, it is still a very significant boost for the country’s reconstruction programme, and will greatly improve the quality of life for millions of Iraqis.

Commenting on the outcome, UN Secretary-General António Guterres said:

“After the last three days in Kuwait, I feel hope for a new Iraq that is open for business and prepared to face the next challenge of rebuilding communities while reconstructing schools, roads, bridges, hospitals and public infrastructure.

“A prosperous Iraq will be a pillar for development and stability in the region.”

Many readers of Iraq Business News will play key roles in this reconstruction effort, and we would like to wish them every success in this important work.

Read More: http://www.dinarupdates.com/showthread.php?56281-30bn-Pledged-to-Iraq-%96-Time-to-Act!&p=181242#post181242 

(Special Thanks to Charles Bright)

BGG ~ I did say this was going to happen – didn’t I??

They were actually talking about 100 Billion in “grants” (all along)… not 88 billion and not a single “grant” in sight.

Looks like Iraq is gonna’ have to earn it. No one is giving it away today.

______________________________________________________________

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

COMMITTEE OF ACCOUNTABILITY: ANNOUNCE THE NAMES OF 5,000 PEOPLE INCLUDED IN THE SEIZURE OF FUNDS THIS WEEK

The Commission on Reconciliation, Accountability and Justice in the House of Representatives, that next week will see the announcement of the names of about 5,000 people included in the seizure of funds.

The head of the committee Hisham al-Suhail told the news agency, “The Supreme Commission for Accountability and Justice ended the names of all those involved in the seizure of funds,” noting that there is some delay from the Secretariat General of the Council of Ministers not to form a special committee, calling for the urgency of issuing instructions and the formation of the Committee through an approach The competent ministries shall designate the general directors who shall form the committee.

Al-Suhail, who is covered by the decision to hold the money, estimated about 5,000 persons, while the names of tens of thousands will be issued and they can be disposed of afterwards.

Read More: http://www.dinarupdates.com/showthread.php?56297-Announce-the-names-of-5-000-people-included-in-the-seizure-of-funds-this-week&p=181258#post181258  (Special thanks to Vernell)

BGG ~ Funny how that works… about one day after they realize the world isn’t going to “give them” anymore money, they go back and think about getting it back from the crooked politicians who’ve been stealing from the GOI and the people of Iraq.

According to recent estimates, they could collect as much as 500 BILLION (USD) back to the state treasury by enacting and enforcing simple legislation they’ve had in the works for some time now.

P.S. as reported in major OP ED’s in Baghdad recently, Maliki and his henchmen had better wind up on this list…

It is critical to Iraq’s long term success to get a handle on the endemic corruption.

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Flooding (floating) the Iraqi dinar and stopping the auction is the only solution for the Iraqi economy

Majid Al – Turaihi – In light of the results of the Kuwait Conference, which is not encouraging in solving the Iraqi economic problem, especially after the destruction resulting from the war on terrorism, we must think about radical solutions and benefit from the experiences of other peoples

I would like to refer to the experience of two countries at the present time, which is the experience of poor Egypt and the experience of the Venezuelan oil-rich country

The experience of the sister banker float the Egyptian pound in 2016, which produced my results after only one year of floating the first year float .. Egypt stronger “in numbers” after the liberalization of the exchange rate .. Cash reserves jump from 19 to 36.5 billion dollars .. And 56 billion dollars to save Imports, 13.7 billion dollars in surplus payments and 17.3 percent increase in foreign transfers…

Read Full Text: http://www.dinarupdates.com/showthread.php?56296-Flooding-the-Iraqi-dinar-and-stopping-the-auction-is-the-solution-for-the-economy&p=181256#post181256

BGG ~ Relax folks… this is an OP – ED piece (which means Opinion Editorial – a writer’s opinion). It doesn’t mean they will do this. However, it does give us a peek into the current political climate.

Very interesting… there has been much conversation over whether this meant “flood” or “float”… in context, based on the Egyptian references and Alak’s recent comments showing his averse position on this idea, I’m convinced this reference is to an actual “float” of some kind.

Sounds like to me – this wasn’t their first choice but people are so tired of the corrupt process, some might be willing to try.

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Central Bank of Iraq Auctions $198,173,094 on 15 February 2018

Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on February 15 registered $198,173,094 in sales, a 8.69% volume increase from the US $182,320,645 sold by Iraqi Dinar, credit and transfer at the previous auction held on February 14.

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

Data for the February 15 auction was made public by CBI Announcement Number 3636.

Dollar sales in the in the period January 1, 2018 to February 14, 2018 saw an increase of -1% compared to the sales of US $4.75 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 $1.81 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.

Read More: http://www.dinarupdates.com/showthread.php?56268-Central-Bank-of-Iraq-Auctions-182-320-645-on-14-February-2018&p=181224#post181224

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.

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Abadi: We have sent to the parliament a new amendment to the budget for approval

Prime Minister Haider al-Abadi announced the sending of a new amendment to the budget to parliament for the vote and approval, stressing at the same time that the federal government will not stand against the Kurdish people with regard to the budget of the Kurdistan region.

Read More: http://www.dinarupdates.com/showthread.php?56291-Abadi-We-have-sent-to-the-parliament-a-new-amendment-to-the-budget-for-approval

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BGG (Dinar Guru) –  Article:  “Speaker Jabouri calls 2018 Iraqi budget bill ‘unconstitutional,’ rejects to pass it”  Quote:  “…Salim al-Jabouri said the parliament will not approve cutting the salaries of civil servants.”   IMHO, this has very little to do with the actual budget they are trying to get passed and much more about political alliances being developed for the upcoming elections.  Seriously?!? Jabouri cares at all about the KRG share?? No. I think not.  All part of the process – it will happen.

Read more: http://www.dinarupdates.com/observer/
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sandyf (Dinar Guru) –   I get the impression that many perceive currency coding as nothing more than window dressing, nothing could be further from the truth. Currency codes are the backbone of all financial systems. Every computerized accounting software operates on a base currency and once set that currency code cannot be altered. When a country needs to introduce a new currency, the code must first be issued by the ISO, accounting software needs to be amended and a new set of accounts created in the new currency. This is why I often remind people that a redenomination cannot happen overnight nor in secret. One thing you can be sure of is that Iraq, or any other country is not going to be introducing a new currency anytime soon. It should be noted that the introduction of alternative denominations is an addition to an existing currency and not a new currency.

Read more: http://www.dinarupdates.com/observer/
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Iraq’s rebuilding cannot start without reconciliation

The president of the United States Institute of Peace, Nancy Lindborg, who has just visited Iraq, says divisions in the country remain an underlining problem.

And although Iraq’s Prime Minister, Haider Al Abadi, announced a military victory against ISIL in December, there must be a focus on reconciliation to bridge inter-sectarian differences, she stressed.

Iraqis are “alert that although the military campaign is over, Daesh and its ideology is still there,” Mrs Lindborg told The National in an interview in Abu Dhabi.

“A person told us that Daesh didn’t come from a different planet, it came from the grievances that existed in Iraq.”

With parliamentary elections scheduled for May, Iraq’s politics remain divided along sectarian lines, with Shiite politicians in the main positions of power, with many Sunnis – who have boycotted elections in the past – saying they remain sidelined. The future of the semi-autonomous northern region of Kurdistan also remains unresolved after an unsanctioned referendum on independence last autumn.

For Mrs Lindborg, reconciliation is people’s necessary “mechanism for discussing what is the divide in their community without resorting to violence.”

The government must ensure that it creates an “inclusive and accountable way of governing the country so it’s a government for everyone,” she said. Iraq’s weakened social fabric along with widespread corruption are a stumbling block to efforts to recover from its three-year conflict with the insurgents.

Read More: http://www.dinarupdates.com/showthread.php?56283-Iraq-s-rebuilding-cannot-start-without-reconciliation

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Aggiedad77 (Dinar Guru) –   Article:  “The House of Representatives concludes reading and discussing the Federal Budget Bill of 2018   In policy February 13, 2018”   WELL LET US SEE WHAT THURSDAY WILL BRING FOR PARLIAMENT…THINK ABOUT IT…THE DAY AFTER THE KW CONFERENCE…SO WILL THIS BUDGET HAVE AN IMPACT ON WHAT WAS DONE AT THE CONFERENCE…IFO…NO… IMO… NO… BUT WE KNOW/SUSPECT HIGHLY WHAT THE FINAL OUTCOME OF THE BUDGET WILL BE…LOADED WITH STARS…PRIMING IRAQ FOR A FRESH NEW START…A START THAT DOES NOT INCLUDE AN ACTIVE WAR AGAINST TERRORISM, BUT INSTEAD A FOCUS TOWARDS THE REBIRTH OF THEIR ECONOMY, THEIR COUNTRY AS A NATION TO BE RECKONED WITH BY THE WORLD…MAYBE THE LION WILL ROAR IN KUWAIT TOMORROW [WEDNESDAY]…IMO IT WAS CERTAINLY AWAKENED THERE TODAY WITH THE GOINGS-ON THAT WE’VE SEEN…OPTIMISTICALLY EXCITED…THAT BE ME…IMO…3…2…1…

Read more: http://www.dinarupdates.com/observer/
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Mike (Dinar Guru) –  Article:  “Corruption, bureaucracy and armed practices threaten 157 Iraqi projects at the donor conference”   Parliament just passed a law protecting those in government from prosecution for corruption, their timing couldn’t have been worse. I realize the west doesn’t want to leave Iraq vulnerable to Iran’s influence, but at this point, Iraq is in Iran’s back pocket, losing them to Iran has already happened. These folks can’t even agree on a 2018 budget, how can they expect the world to donate billions when they can’t even balance their own checkbook?  The world has stood up and done everything it can to help this country…  These guys have got to put on their big boy pants and act like they care about the country and its citizens, if they don’t, the world won’t. IMO.

Read more: http://www.dinarupdates.com/observer/
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Barzani: Ready to solve our problems with Baghdad

Arbil / .. The head of the Kurdistan Regional Government, Nechirvan Barzani, on Wednesday, the region’s readiness to resolve problems with the federal government on the basis of the Constitution, while expressing his hope for continued US support for the Peshmerga forces.

The Presidency of the Kurdistan Government in a statement received “Eye of Iraq News”, a copy of it, “The Kurdistan Regional Government President Nechirvan Barzani and his deputy Kibad Talabani and a number of officials of the Kurdistan region met with a delegation of US military and diplomatic led by US Central Command commander Jean Joseph Futil,” indicating that “The meeting discussed the military and security situation in Iraq and the Kurdistan region, and the post-elimination of Daqash as well as the technical committees talks between Arbil and Baghdad and my meeting Barzani and Prime Minister Haider Abadi in Baghdad and Davos.”

Barzani praised the “continued support and military assistance to the Peshmerga forces in the war against Daqash, expressing his hope for continued assistance,” reiterating the “readiness of the Kurdistan Region to resolve problems with the Iraqi federal government on the basis of the Constitution.”

For his part, Fotil stressed the “continued US military assistance to the Peshmerga forces,” expressing at the same time “his support and satisfaction of the dialogue between Arbil and Baghdad.”

The Kurdistan region suffers from an internal political and economic crisis following the holding of the independence referendum on September 25, while the relationship between the federal government and the Kurdistan region is strained, prompting the central government to impose several measures, including stopping international flights at Erbil and Sulaymaniyah airports.

Read More: http://www.dinarupdates.com/showthread.php?56273-Barzani-Ready-to-solve-our-problems-with-Baghdad

BGG ~ If Barzani is thinking he’ll get the US to come down on the side of the Kurds between them and Baghdad, he’s fooling himself. Especially after how his uncle snubbed the “all-in” diplomatic efforts of the world at critical moments in recent Iraq history. Barzani clearly showed he put his personal agenda ahead of everyone.

P.S. Has it gotten COMPLETELY past everyone the KRG has had a complete government rearrangement (not actually changing anything)… WITHOUT A SINGLE VOTE BEING CAST?? No Parliamentary elections, No local elections, No nothing… still a Barzani heading it up, still a Talabani riding shotgun – but no ballot boxes anywhere. Funny how that works.

______________________________________________________________

Some interesting headlines…

Interview: Iraq hopes to start new chapter after Kuwait conference

Tilerson begins a regional tour of Iraq reconstruction conference

Businessmen seek guarantees against bureaucracy to invest in Iraq

______________________________________________________________

World Bank: Iraq is the best place to invest in the world

The Internatinal Finance Corporation (IFC), the private sector arm of the World Bank, has urged international companies to overcome their concerns about financing reconstruction projects in Iraq and capitalize on high-yielding investment opportunities there.

“As the country emerges from a devastating three-year war against ISIS, I do not think anywhere in the world there are such opportunities for investment,” said Ziad Bader, head of the International Finance Corporation’s mission in Iraq, in a speech at Kuwait Chamber of Commerce and Industry.

“IFC has investments of about $ 1.2 billion in various projects in Iraq, including banks, cement factories and telecommunications companies, and is preparing to announce an investment of $ 250 million in a telecommunications project,” he said.

Read More: http://www.dinarupdates.com/showthread.php?56255-World-Bank-Iraq-is-the-best-place-to-invest-in-the-world
______________________________________________________________

$30bn Pledged to Iraq – Time to Act!

Following the Kuwait International Conference for the Reconstruction of Iraq earlier this week, Iraq has so far received pledges of financing totalling around $30 billion to help with rebuilding the country after the devastating war against the Islamic State group.

While this is well short of the $88 billion in funding estimated to be needed, it is still a very significant boost for the country’s reconstruction programme, and will greatly improve the quality of life for millions of Iraqis.

Commenting on the outcome, UN Secretary-General António Guterres said:

“After the last three days in Kuwait, I feel hope for a new Iraq that is open for business and prepared to face the next challenge of rebuilding communities while reconstructing schools, roads, bridges, hospitals and public infrastructure.

“A prosperous Iraq will be a pillar for development and stability in the region.”

Many readers of Iraq Business News will play key roles in this reconstruction effort, and we would like to wish them every success in this important work.

Read More: http://www.dinarupdates.com/showthread.php?56281-30bn-Pledged-to-Iraq-%96-Time-to-Act!&p=181242#post181242 

(Special Thanks to Charles Bright)

BGG ~ I did say this was going to happen – didn’t I??

They were actually talking about 100 Billion in “grants” (all along)… not 88 billion and not a single “grant” in sight.

Looks like Iraq is gonna’ have to earn it. No one is giving it away today.

______________________________________________________________

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

Iraq is ready to reform the financial and economic sectors

Economy News Baghdad: UN Secretary-General Antonio Guterich said Iraq was ready to reform the financial and economic sectors.

Guterich said in his speech to the Iraq reconstruction conference held in Kuwait and followed by “Economy News,” that “the United Nations development programs operating in 25 areas of Iraq to help Iraqis and develop their reality of living.”

“The United Nations launches a grant program that helps repair infrastructure, improves daily life and helps improve economic reforms and revitalize areas that have been damaged,” he said.

Read More: http://www.dinarupdates.com/showthread.php?56261-Iraq-is-ready-to-reform-the-financial-and-economic-sectors

(Special Thanks to Loopster for sharing research)
______________________________________________________________

Iraq receives nearly $ 11 billion from Arab and foreign countries for reconstruction

Baghdad Mawazine News – Iraq received nearly 11 billion dollars from Arab and foreign countries during the Kuwait International Conference for the Reconstruction of Iraq.

Saudi Arabia’s foreign minister, Adel al-Jubeir, said that “the kingdom has allocated $ 1.5 billion for reconstruction projects in Iraq and the financing of Saudi exports to it.”

While the Turkish Foreign Minister Mouloud Javishoglu, during the conference, to provide five billion dollars to support the reconstruction of Iraq.

Iraq also received $ 100 million as a contribution from Australia to reconstruction, while Britain pledged up to $ 1 billion a year to Iraq in the form of export credit over 10 years.

Germany announced at the Kuwait conference that it will provide aid to Iraq worth 350 million euros in 2018, and the UAE announced a pledge of 500 million dollars for the reconstruction of Iraqi cities.

Finland has donated $ 10 million to carry out humanitarian projects in Iraq and has pledged to train Iraqi forces.

While Qatar allocated one billion dollars in the form of loans and investments and export facilities for its products in Iraq.

The Amir of Kuwait, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, announced at the Kuwait International Conference for the Reconstruction of Iraq, on Wednesday, that his country will allocate $ 2 billion in accordance with the mechanism of Kuwait Fund for the reconstruction of Iraq and encourage investment in it.

Read More: http://www.dinarupdates.com/showthread.php?56263-Iraq-receives-nearly-11-billion-from-Arab-and-foreign-countries-for-reconstruction

BGG ~ I keep hearing the complains about Iraq getting all kinds of “welfare” as though they are living on these “pending grants” and IMF loans (instead of revaluing their currency).

I would be careful in assuming this is the situation or that any of this is any kind of “hold-up” to economic and monetary reform. I doubt so very much.

Everyone (as in – the investors and countries) wants to get close, be in on the beginning, but not so much so that they are just giving “hand-outs” with nothing in return. Iraq has to do their part. I get a little bit of the sense Iraq is kind of getting the cart before the horse with this latest conference.

It has long been speculated (and openly reported by Iraqi economists) Iraq would be hit with a “wall” of investment capitol when they truly started economic, monetary and governance reforms. However, it does not appear to me we are quite to this point yet. Everyone wants in – Iraq just don’t have the temperature quite right yet.

Keep in mind… these are “allocations”, “pledges” and “financing” and “projected exports” for projects. Basically these are all “feel good, sweet nothings” at a conference.

Next Monday we’ll see what’s what. Thus far they are well short of the 100 billion in give-aways (and grants) they were asking for.

On the other hand – why should they be given anything (for free)? If they would just pass corruption law(s) currently caught up in their Parliament’s legislative log-jam and then enforce them, their state treasury will swell by an estimated 500 billion (as they have plainly reported).

No need for anything from anyone.

Further, it is my opinion, Iraq should be held to account for (that means – PAY FOR) the military and humanitarian aid tab they’ve run up over the last few years.

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Central Bank of Iraq Auctions $182,320,645 on 14 February 2018

Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on February 14 registered $182,320,645 in sales, a -5.98% volume decline from the US $193,912,578 sold by Iraqi Dinar, credit and transfer at the previous auction held on February 13.

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

Data for the February 14 auction was made public by CBI Announcement Number 3635.

Dollar sales in the in the period January 1, 2018 to February 14, 2018 saw an increase of -1% compared to the sales of US $4.75 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 $1.81 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.

Read More: http://www.dinarupdates.com/showthread.php?56268-Central-Bank-of-Iraq-Auctions-182-320-645-on-14-February-2018&p=181224#post181224
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World Bank: Iraq is the best place to invest in the world

The International Finance Corporation (IFC), the private sector arm of the World Bank, has urged international companies to overcome their concerns about financing reconstruction projects in Iraq and capitalize on high-yielding investment opportunities there.

“As the country emerges from a devastating three-year war against ISIS, I do not think anywhere in the world there are such opportunities for investment,” said Ziad Bader, head of the International Finance Corporation’s mission in Iraq, in a speech at Kuwait Chamber of Commerce and Industry.

“IFC has investments of about $ 1.2 billion in various projects in Iraq, including banks, cement factories and telecommunications companies, and is preparing to announce an investment of $ 250 million in a telecommunications project,” he said.

Read More: http://www.dinarupdates.com/showthread.php?56255-World-Bank-Iraq-is-the-best-place-to-invest-in-the-world
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BGG (Dinar Guru) –  Article:  “Speaker Jabouri calls 2018 Iraqi budget bill ‘unconstitutional,’ rejects to pass it”  Quote:  “…Salim al-Jabouri said the parliament will not approve cutting the salaries of civil servants.”   IMHO, this has very little to do with the actual budget they are trying to get passed and much more about political alliances being developed for the upcoming elections.  Seriously?!? Jabouri cares at all about the KRG share?? No. I think not.  All part of the process – it will happen.

Read more: http://www.dinarupdates.com/observer/
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sandyf (Dinar Guru) –   I get the impression that many perceive currency coding as nothing more than window dressing, nothing could be further from the truth. Currency codes are the backbone of all financial systems. Every computerized accounting software operates on a base currency and once set that currency code cannot be altered. When a country needs to introduce a new currency, the code must first be issued by the ISO, accounting software needs to be amended and a new set of accounts created in the new currency. This is why I often remind people that a redenomination cannot happen overnight nor in secret. One thing you can be sure of is that Iraq, or any other country is not going to be introducing a new currency anytime soon. It should be noted that the introduction of alternative denominations is an addition to an existing currency and not a new currency.

Read more: http://www.dinarupdates.com/observer/
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Iraqi gov’t released over 40 corrupt politicians – MP

Iraqi Parliament’s Integrity Commission Chief Talal al-Zawbaei revealed on Wednesday that the general amnesty law pardoned over 40 politicians who embezzled over four billion US dollars.

In a press statement, Zawbaei said that these corrupt officials have returned over 500 million US dollars only.

He added that some of these convicted politicians have begun to pay the money that they had embezzled, as the general amnesty law stipulates that those corrupt figures must return the money that they had embezzled in exchange of their release.

He further stated that this is the only way to get the embezzled money back after the Iraqi government failed to return if from over 1,000 corrupt officials and politicians.

Read More: http://www.dinarupdates.com/showthread.php?56265-Iraqi-gov-t-released-over-40-corrupt-politicians-%96-MP

(Special thanks to Charles Bright)

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Aggiedad77 (Dinar Guru) –   Article:  “The House of Representatives concludes reading and discussing the Federal Budget Bill of 2018   In policy February 13, 2018”   WELL LET US SEE WHAT THURSDAY WILL BRING FOR PARLIAMENT…THINK ABOUT IT…THE DAY AFTER THE KW CONFERENCE…SO WILL THIS BUDGET HAVE AN IMPACT ON WHAT WAS DONE AT THE CONFERENCE…IFO…NO… IMO… NO… BUT WE KNOW/SUSPECT HIGHLY WHAT THE FINAL OUTCOME OF THE BUDGET WILL BE…LOADED WITH STARS…PRIMING IRAQ FOR A FRESH NEW START…A START THAT DOES NOT INCLUDE AN ACTIVE WAR AGAINST TERRORISM, BUT INSTEAD A FOCUS TOWARDS THE REBIRTH OF THEIR ECONOMY, THEIR COUNTRY AS A NATION TO BE RECKONED WITH BY THE WORLD…MAYBE THE LION WILL ROAR IN KUWAIT TOMORROW [WEDNESDAY]…IMO IT WAS CERTAINLY AWAKENED THERE TODAY WITH THE GOINGS-ON THAT WE’VE SEEN…OPTIMISTICALLY EXCITED…THAT BE ME…IMO…3…2…1…

Read more: http://www.dinarupdates.com/observer/
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Mike (Dinar Guru) –  Article:  “Corruption, bureaucracy and armed practices threaten 157 Iraqi projects at the donor conference”   Parliament just passed a law protecting those in government from prosecution for corruption, their timing couldn’t have been worse. I realize the west doesn’t want to leave Iraq vulnerable to Iran’s influence, but at this point, Iraq is in Iran’s back pocket, losing them to Iran has already happened. These folks can’t even agree on a 2018 budget, how can they expect the world to donate billions when they can’t even balance their own checkbook?  The world has stood up and done everything it can to help this country…  These guys have got to put on their big boy pants and act like they care about the country and its citizens, if they don’t, the world won’t. IMO.

Read more: http://www.dinarupdates.com/observer/
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The @IraqiGovt is implementing reforms

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Some interesting headlines…

Interview: Iraq hopes to start new chapter after Kuwait conference

Tilerson begins a regional tour of Iraq reconstruction conference

Businessmen seek guarantees against bureaucracy to invest in Iraq

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Trump called an Iraqi delegation visiting him ‘thieves’, report

WASHINGTON, United States – The US President Donald Trump has reportedly called an Iraqi delegation visiting him in the Oval Office last year “thieves,” according to a report by Washington Post published earlier this week.

Following a meeting with an Iraqi delegation last year, a former US official told the newspaper, Trump jokingly referred to them as “the most accomplished group of thieves he’d ever met.”

Last year in March, Trump received an Iraqi delegation headed by the Iraqi Prime Minister Haider al-Abadi who also included Fuad Hussein, the chief of staff to the then Kurdish President Masoud Barzani.

The US has led a global coalition against the ISIS group in Iraq and Syria since 2014 that helped the country to regain the territories lost to the extremist group such as Mosul, Iraq’s second-largest city.

Iraqi and Kurdish officials including PM Abadi said then that they were satisfied that the US promised to continue their support under Trump to Iraq including in the war against the ISIS group.

A joint readout of the meeting in particular hailed “unprecedented cooperation” between the two countries.

No Iraqi or Kurdish official commented on the alleged Trump accusation as of yet.

Read More: http://www.dinarupdates.com/showthread.php?56258-Trump-called-an-Iraqi-delegation-visiting-him-%91thieves%92-report

BGG ~ Here’s my take on this article…

This came out in a different version a few days ago. It quoted “…a former White House Official…” – like, who?? One from the last term, this term, from the beginning of this one – what?!? I am most dubious. I have a suspicion this is “planted” and spread to hurt both our current US Admin and the current Iraq administration or even the relationship between the two.

Think about it – who does this “info” benefit?? This is good for neither of the two main characters in the meeting. No current officials have commented on it. This speaks volumes.

Both characters stand to threaten the corrupt.

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A timeline synopsis of the debate over Iraq elections

Feb 9 – Iraq elections commission has extended deadline for registering candidates for May’s parliament election to 15 Feb

“Karim al-Tamimi: The Board of Commissioners decides to extend the period of receipt of lists of candidates”

Feb 5 – Iraq parliament today decided to postpone PROVINCIAL elections until Dec 2018 at latest

The House of Representatives begins the discussion of the budget law and votes on the decision on provincial council elections

The House of Representatives began its ordinary session of the second legislative term of the second legislative year, which was held under the chairmanship of Dr. Salim Jubouri, Speaker of the House of Representatives and the presence of 173 deputies on Monday 5/2/2018 to discuss the draft federal budget law for the year 2018, and voted on a parliamentary resolution on provincial elections.

At the beginning of the session, the Council voted on its decision (due to the logistical difficulties and to take into account the conditions of some provinces and to give citizens the opportunity to exercise their constitutional right to elect, the House of Representatives decides to call the Council of Ministers to set a new date for the provincial council elections that does not exceed the maximum of this month of December of 2018) .

The Council began reading the report and discussion of the draft federal budget law for the year 2018 submitted by the Finance Committee…

See full read-out here: http://www.dinarupdates.com/showthread.php?56260-A-timeline-synopsis-of-the-debate-over-Iraq-elections

Feb 4 – Iraq elections commission says parties must submit candidate lists for May parliament elections by 10 Feb. Some parties want more time

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Jan 22 – Iraq parliament finally passed changes to national elections law today. Among other things it fixes the election date to 12 May and adopts a modified St Lague seat distribution formula with a 1.7 first divisor slightly favouring big parties

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Jan 21 – Iraq parliament met Sat but still no agreement on election date. Options under consideration involve parliament elections in May, provincial ones at later date

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Jan 19 – Worth noting that 149 of 260 Iraqi MPs present in parliament challenged dominant Shia Islamist parties to demand secret vote on election date

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Jan 19 – 123 Iraqi MPs voted to postpone parliamentary elections yesterday. Not enough to win the vote. New vote Saturday on 12 May proposal

Read More: http://www.dinarupdates.com/showthread.php?56260-A-timeline-synopsis-of-the-debate-over-Iraq-elections
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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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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

World Bank: Iraq is the best place to invest in the world

The International Finance Corporation (IFC), the private sector arm of the World Bank, has urged international companies to overcome their concerns about financing reconstruction projects in Iraq and capitalize on high-yielding investment opportunities there.

“As the country emerges from a devastating three-year war against ISIS, I do not think anywhere in the world there are such opportunities for investment,” said Ziad Bader, head of the International Finance Corporation’s mission in Iraq, in a speech at Kuwait Chamber of Commerce and Industry.

“IFC has investments of about $ 1.2 billion in various projects in Iraq, including banks, cement factories and telecommunications companies, and is preparing to announce an investment of $ 250 million in a telecommunications project,” he said.

Read More: http://www.dinarupdates.com/showthread.php?56255-World-Bank-Iraq-is-the-best-place-to-invest-in-the-world
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Central Bank of Iraq Auctions $193,912,578 on 13 February 2018

Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on February 13 registered $193,912,578 in sales, a -1.82% volume decline from the US $197,498,160 sold by Iraqi Dinar, credit and transfer at the previous auction held on February 12.

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on February 13 compared to the previous auction.

Data for the February 13 auction was made public by CBI Announcement Number 3634.

Dollar sales in the in the period January 1, 2018 to February 13, 2018 saw an increase of -1% compared to the sales of US $4.62 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 $1.81 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.

Read More: http://www.dinarupdates.com/showthread.php?56257-Central-Bank-of-Iraq-Auctions-193-912-578-on-13-February-2018&p=181210#post181210
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The @IraqiGovt is implementing reforms

Follow us on twitter @DinarUpdates !!

Dinar Updates – BGG  & the NEWS
Jan 2oth –  Rec. Dinar News Call
641-715-3639 pin #932875

01/20- Recorded Call Replay Link

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UN unveils two-year program to help rebuild Iraq

The United Nations said Monday it had prepared a two-year program to help the Iraqi government rebuild reconstruction of the devastated areas.

“The Kuwait conference provides a key platform to reaffirm the importance of voluntary, safe and sustainable return of displaced Iraqis as well as to raise resources to support the government’s efforts to achieve this goal,” said UNHCR Representative Bruno Gedo in a statement received by Mawazine News. This in turn is an integral part of broader plans in the United Nations system to support the Iraqi authorities in rebuilding the country. ”
“The conflict has ended on a large scale, but the legacy of this conflict remains. Events that have been revealed during the years of extremist control have left a sudden imprint on the Iraqi scene and in the hearts of the Iraqi people. The effects of the past years are still present throughout the country. “He said.

“There are severely affected cities, scattered communities and a generation of children at risk of being lost, with about 2.6 million displaced Iraqis,” he said. “In order for Iraq to advance, people must be able to return home.”

“The return of 3.3 million displaced people to their homes despite the difficult circumstances,” the UN official said, noting that “return is not just a return to homes but a return to society.”

“To support Iraq in this transitional phase, the United Nations agencies have set up a two-year recovery and resilience program. To achieve this program, we must ensure that adequate resources are available to accomplish this task,” he said. “Kuwait is a unique opportunity for us to present our plans to donor countries. And to encourage the private sector to increase investment. ”

The Iraqi government announced that its plan for the Kuwait conference will be on three axes. “The first is to contribute to the rehabilitation of infrastructure throughout Iraq, restore stability to the affected areas and develop the service sector.”

Read More: http://www.dinarupdates.com/showthread.php?56232-UN-unveils-two-year-program-to-help-rebuild-Iraq

(Special Thanks to Charles Bright)
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Kaperoni (Dinar Guru) –  Article:  “Al-Nasiri: Central Bank aims to build a solid banking sector in 2018”   Quote:  “In addition to its results and the extent of its commitment to implement the monetary policy directions of the Central Bank and reflect on its actual contribution to GDP and its contribution to sustainable development and its transition from the role of banking to the developmental role.” “In addition to its results and the extent of its commitment to implement the monetary policy directions of the Central Bank and reflect on its actual contribution to GDP and its contribution to sustainable development and its transition from the role of banking to the developmental role.”  This is a very clear statement for those looking for an overnight RV, it ain’t happening.  This means they are sticking with sound monetary policies that will improve the value of the dinar as the GDP improves.  In other words, as investment comes into Iraq, the dinar will rise in value.  Which from everything else we have read, appears to be some kind of float.

Read more: http://www.dinarupdates.com/observer/
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Mnt Goat (Dinar Guru) –   So the BIG question is this – is there a new plan to stock the US Reserves with Iraqi dinar and use it to pay off the National Debt after its revaluation?  Well one thing we do know for sure is the Iraqi dinar will have a very substantial revaluation unlike the initial re-instatement of the Kuwaiti dinar. We know this from knowing about the process to “delete the zeros”.   In fact the Kuwaiti dinar never really did revalue, it only rose in rate (not value) due to the float on FOREX and pure speculation. It then came back to reality…   [post 1 of 2….stay tuned]

Read more: http://www.dinarupdates.com/observer/
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The birth of a new economy

​Despite the challenges facing the Iraqi economy in all productive and service joints without exception, but hope exists as we are looking hard for exit outlets to the world of development, which was not impossible according to the accounts of specialists and researchers and interested in economic affairs.

In the context of achieving sustainable development in all sectors and national will, the birth of a new economy is possible in all joints with real hope if accompanied by a sincere will, a hope that grows to be an ideal and positive model in society and serve it in a way that reflects a positive image Supports the family economy.

The birth of an effective economy, after a waiting period that can be described as long, needs to organize the development process in all its forms, as well as the availability of data that can be the focus of real success in various fields of production and service alike.

Iraq has the human capabilities and resources, which in general need to carefully plan their investment in a way that transforms resources into real resources that serve the national economy and achieve a multiplicity of resources and contribute significantly to the GDP…

Read More: http://www.dinarupdates.com/showthread.php?56234-The-birth-of-a-new-economy

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Mnt Goat (Dinar Guru) –   I am positive there is some plan to do something and use some of this to pay off debt if nothing else in part to use it for the deficit negotiations…   Can they balance the deficit? Trump will look like a hero if they can and do it without closing down the govt again.  As the US is not doing all this work in Iraq to just fight terrorism.  I do not know all the details nor will I pretend to know. We shall all find out after the fact. This is all information that, if you tie it all together, points to the near completion of the project to delete the zeros and eventual revaluation of the Iraqi dinar. This what we are looking for. This is our TARGET!  [post 2 of 2]

Read more: http://www.dinarupdates.com/observer/
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Frank26 (Dinar Guru) –   Article:   “Al-Nasiri: Central Bank aims to build a solid banking sector in 2018”   Quotes:  “Central Bank’s adoption of standards and controls conforms to the requirements of international standards and the basic and subsidiary objectives of its strategy until 2020 and to activate and consolidate new visions of monetary policy applications,,,”;   “…the Central Bank has introduced new policies and visions and mechanisms of smooth implementation, but it is monitored and followed up on a daily and accurate basis inside and outside Iraq in order to achieve the above economic goals and strengthen international banking relations with the international banks in order to serve our national economy and the banking sector.”  YOU NEED TO READ THIS WITH THE HEART OF A STUDENT OF YOUR INVESTMENT…THIS IS THE MAIN SOURCE…DO NOT WALK BY THIS…”ARTICLE”.

Read more: http://www.dinarupdates.com/observer/
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National Alliance: the budget will continue with the presence of Kurds or their absence

MP for the National Alliance Hassan Khalati, said that “the budget will continue after the completion of the second reading in parliament, which was supposed to be read in yesterday’s session, but because of the absence of a legal quorum was not put on the agenda of the meeting”

He said in a statement that “after the second reading, will go to the House of Representatives to vote on the budget law, and this is what we seek and work on it in the coming sessions.”

He added that “the Kurdish deputies to stop boycotting the sessions of Parliament in relation to the budget of 2018, but everyone must resort to the Constitution in the issue of distribution of shares in the current budget.”

The Kurdish blocs that the draft law of the financial budget for 2018 “marginalized” the Kurds and canceled the territorial entity, while pointed out that the participation of Kurds in the upcoming elections are not related to the implementation of their demands in the budget.

Read More: http://www.dinarupdates.com/showthread.php?56245-National-Alliance-the-budget-will-continue-with-or-without-presence-of-Kurds

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Some interesting headlines…

Interview: Iraq hopes to start new chapter after Kuwait conference

Tilerson begins a regional tour of Iraq reconstruction conference

Businessmen seek guarantees against bureaucracy to invest in Iraq

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Interview: Iraq hopes to start new chapter after Kuwait conference

by Jamal Hashim

BAGHDAD, Feb. 10 (Xinhua) — The Iraqi government hopes to start a new chapter in its economy and the life of the Iraqi people after the upcoming Kuwait’s international conference for reconstruction of Iraq, which follows the full defeat of Islamic State (IS) group in the country.

“In my view, the doors will open up to a new life for Iraq, that would compensate the Iraqi citizen after the great suffering from the war against Daesh (IS group),” Mustafa al-Hiti, head of the Iraqi fund for reconstruction of affected areas by anti-IS military operations, told Xinhua in an interview.

Hiti said that the Iraqi government would unveil more than 150 investment projects in different fields, in addition to offering a number of investment projects by the private sector…

Read More: http://www.dinarupdates.com/showthread.php?56235-Interview-Iraq-hopes-to-start-new-chapter-after-Kuwait-conference

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The Other Battle in Iraq

Editor’s Note: The last year saw a rare bit of good news in Iraq, as the government there expelled much of the Islamic State from its territory. However, many problems plague the country. Douglas Ollivant of New America warns that the Iraqi government now must take on a far more pernicious foe: corruption. He details the problems this causes in Iraq and offers ideas on how to reduce it.

The Islamic State has been defeated in Iraq, but another threat continues to have a stranglehold on the Iraqi state—the pernicious corruption that has plagued the country for decades, particularly since the overthrow of the Baathist Saddam Hussein regime. While corruption will never be totally defeated, the government must diminish it significantly in the coming months, both to demonstrate to the Iraqi people that their government intends to faithfully discharge its responsibilities, and to liberate Iraq’s economy to provide for all its people. Failing to address this challenge will put at risk the recent victory over the Islamic State, and it is therefore in the interests of the United States to support this effort however it can.

Prime Minster Haider al-Abadi announced on December 9 that the Islamic State no longer occupies territory in Iraq, and the Iraqi Army now controls the border with Syria, isolating the terrorist organization in that country. Pushing out the Islamic State as an organized force has been a hard-fought victory, one that many analysts predicted could and would not be achieved. And yet the Iraqi military has bounced back from their humiliating rout in 2014 to liberate the entirety of the country.

While victory has a thousand fathers—many of them legitimate—the credit for leadership rightfully goes to Iraq’s chief executive, Prime Minister Abadi. The brave Iraqi soldiers who gave their lives in the grueling ground war have made the ultimate sacrifice, and the suffering of Iraqi families caught in the battles must be acknowledged. At the same time, the training and investment (and airpower) of the United States was a critical piece of the overall victory. But, at the end of the day, had this gone badly, we would be placing the blame at Abadi’s feet, and so in triumph the kudos reflect on the leader…

Read More: http://www.dinarupdates.com/showthread.php?56230-The-Other-Battle-in-Iraq

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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!!)

______________________________________________________________

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