Cabinet Secretary: Iraq getting a wide portfolio movement
Cabinet Secretary General Mehdi relationship expectations indicate a wide portfolio movement country turnout under recommendations that pretty Kuwait Conference to be held early next year.
And the relationship to the Prime Minister Haider Abadi in Ministry of planning documentation review standard international arbitration documents represent an essential factor in reassuring foreign companies and the launch of a major programme to revitalize the private sector and opening up investment in all provinces and Baghdad, “stressing that “The evolution of the Iraqi economy depends on the development of the private sector”.
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sandyf The term “International currency” does not mean anything. There are 3 types of currency – Fully convertible, Partially convertible and Non convertible. Article 14 currencies by virtue of their status with the IMF are Non convertible. Article 8 currencies are normally able to be exchanged worldwide but at the discretion of the exchanger. When a currency becomes volatile an exchanger may well refuse to exchange as happened with the Russian Rouble not that long ago.
Read more: http://www.dinarupdates.com/observer
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Aggiedad77 Article: “Baghdad looks to take control of KRG oil” Quote: “The government’s control of oil wealth does not mean a certain national party will monopolize the sector. All oil resources will be fairly distributed among the people.” They speak of controlling the KRG oil, all of it from the sound of it…and quite honestly this could very well be the most intelligent move that Baghdad/Abadi has made to date…this will IMO insure the HCL is given equally to all the people of Iraq if it is given to one…The oil within the nation of Iraq belongs to all citizens and they should all share accordingly…IMO….the BEST is coming..
Read more: http://www.dinarupdates.com/observer
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Dinar Updates – Q & A Call – with BGG from Nov 8th – 8:00 pm Conference Call Phone # 641-715-3639 pin #528733
11/08 – Recorded Call Replay Link
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Don961 (Dinar Guru) – Article: “A simulation of the dinar exchange rate linked to a basket of currencies” Just a simulation study…should the dinar get pegged to a basket of world reserve currencies … as opposed to staying ‘binary” (linked/pegged only to the USD)…shows how the exchange rate of the iqd would be affected should it be put into this world currency basket… Just doing such a study kinda shows the belief that the iqd perhaps is being considered/projected to join such a strong basket of world currencies … sounds good to me … % allocated to iqd in this basket would depend on how strong the currency will be compared to the others … at a given point in time…will it bypass the pound or the euro? … sure … why not …that would be cool wouldn’t it…imo.
Read more: http://www.dinarupdates.com/observer
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Mike (Dinar Guru) – Article: “Iraq still under the category of bankrupt countries?” Gee whiz, this guy sounds so negative: “He added that “the budget reveals beyond doubt the inability of any realistic treatments to find development, even if it is a formality to open future prospects to reduce dependence on oil revenues and stop domestic and external borrowing, which has no horizon to stop it and the payment of accumulated it puts the Iraqi economy in the near future on the verge of bankruptcy.” We have waited, literally, for years in hopes that Iraq would change and embrace the open market economy and allow the dinar to grow in value. And all we’re getting is the same old budget where expenditures exceed revenue. The existing political class is failing the Iraqi people. Like Mark Twain said, “Politicians and diapers must be changed often, and for the same reason.”
Read more: http://www.dinarupdates.com/observer
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Follow us on twitter @DinarUpdates !!
Dinar Updates – Q & A Call – from BGG & Co – tape from 10/27 released tonite 641-715-3639 pin #528733
10/31 – Recorded Call Replay Link
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Aggiedad77 (Dinar Guru) – …So how close are we…as close as your breath is to your lungs...IMO.
Read more: http://www.dinarupdates.com/observer
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Frank26 and Delta (Dinar Guru) – Article: “A simulation of the dinar exchange rate linked to a basket of currencies” “Dr. Ahmed Abrehi Ali…:” Quote: “It is proposed that the dinar be pegged to a basket of major currencies, international reserve currencies, dominant in foreign trade and capital markets, United States Dollars.” Dr. Ahmed Ibraihi Ali…Member of the Board!!! Family you do not realize a few days ago the CBI gave you what you wanted…some of you saw it..most of you missed it..you have no idea the ground that you are standing on right now…
Read more: http://www.dinarupdates.com/observer
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G-Lin (Dinar Guru) – Quote: “A short search to experience the simulator about linking the Iraqi dinar to a basket of currencies with weights varying between 50% and 65% of the dollar and other currencies remaining price (Dr. Ahmed Ali Abrihi)…” What this looks like to me is simulations or experiments in comparisons of the dinar as a floating rate {basketball} I think that is what that means, versus fixed rate in a currency basket. These simulations were done beginning Jan. 1st 2017 to present. They paired the dinar against all of the currencies that are used in Iraq. They experimented with the figures as floating and fixed. And all of the data has been presented to the decision makers in CBI. That’s my take. I’m excited that this was posted on the CBI site and they seem to be giving those two choices. I personally would take either one.
Read more: http://www.dinarupdates.com/observer
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Iraq calls on Poland to address its debts in accordance with the Paris Club Agreement
The President of the Republic Fuad Masoum on Tuesday called on the Polish government to address its debts to Iraq on the basis of the Paris Convention, calling for supporting the return of civil aviation between the two countries and facilitating the granting of visas.
“President Fuad Masoum met in the Polish capital Tuesday with Polish Prime Minister Baita Chidu and discussed with her ways of developing bilateral relations between Iraq and Poland in all fields, especially the economic ones,” Maasoum said in a press statement. “He said.
He also praised Iraq’s readiness to reach the highest level of cooperation with Poland in the fields of industry, agriculture, trade, restoration of monuments, infrastructure development and modernization of suspended factories. He also stressed Iraq’s interest in benefiting from Polish expertise In those areas. ”
Read More: http://www.dinarupdates.com/showthread.php?55368-Iraq-calls-on-Poland-to-address-its-debts-in-accordance-with-the-Paris-Club-Agreement
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Why is Baghdad paying salaries of Kurdistan employees?
BAGHDAD — Iraqi Prime Minister Haider al-Abadi intends to have the federal government adopt a policy of paying civil servants’ salaries in Iraqi Kurdistan without mediation from the Kurdistan Regional Government (KRG). This is considered a substantial improvement in the relationship between the federal government and Kurdish citizens in Iraqi Kurdistan, and the move is expected to strike at the very heart of Kurdistan’s economy and undermine Erbil’s authority, as it cannot refuse such an offer…
Read More: http://www.dinarupdates.com/showthread.php?55293-Why-is-Baghdad-paying-salaries-of-Kurdistan-employees&p=180167#post180167
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Frank26 (Dinar Guru) – There is an A [Abadi?] Speech coming…That contains much and art8 with ch7 in it’s core…Where IMO an RI will be concurrent with or the Fact after if. These IMO are the Steps that will trigger off a Chain Reaction of Explosive Info/Advancement of the IQD’s MR…Very Quickly.
Read more: http://www.dinarupdates.com/observer
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SandyF (Dinar Guru) – One thing you can take to the bank is that if the Iraqi currency is ever redeemed following a significant rise in value, the exchange will not be ‘normal’.
Read more: http://www.dinarupdates.com/observer/
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Recent Headlines…
Deputy for Change: We must reject the extension of the term of Barzani ‘s government tomorrow
@HaiderAlAbadi
“We have pushed the country’s economy in the right direction with sound management despite the huge fiscal deficit. Iraq has recovered more than before and its economic situation is better today”
@HaiderAlAbadi
“We have reduced the high salaries and large allocations of officials and protections and reduced government spending and all these shares exceeded the fiscal deficit”
@HaiderAlAbadi
“I thank the Iraqis for their patience and understanding of the economic situation of the country, and if not for their cooperation and patience, we have not achieved what has been achieved”
URGENT Cabinet votes on parliamentary elections on 15 May 2018
The President of the Republic approves the removal of the governor of Kirkuk (Side note – this was approved by Fuad Massoum; the KURDISH POR)
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MilitiaMan (Dinar Guru) – Article: “During his chairing a meeting of the Committee of Diwani Order No. (54) for the year 2017” Quote: “The Administrative Agent stresses the importance of completing the work of the Reform Committee and addressing the indicators of the assessment of Iraq in the annual report 2017...” This is valuation, assessment, it is in ones best interest to be paying attention to it..
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EHankins (Dinar Guru) – …IT SEEMS VERY QUIET HERE… ALMOST INTENTIONAL AS IF SOMETHING IS ABOUT TO EXPLODE AND TO CONCURRENTLY BRING MANY MANY THINGS TO LIGHT…I COULD BE WRONG…GUESS WE’LL WAIT AND SEE.
Read more: http://www.dinarupdates.com/observer
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Barzani steps down reopening Kurdistan crossings with Iran
Baghdad – Journal News – The Middle East Bank Monitor reported on Iran’s plans to reopen its border crossings with the Kurdistan region in the coming days.
According to the report, which was translated by «Journal News», the decision came after the announcement of the former Kurdistan region, “Massoud Barzani,” the decision to step down from the government, and submit the resignation tomorrow, the first of November.
Iran’s closure of the border after the Kurdistan Regional Government (KRG) insisted on holding an independence referendum when Iranian General Mohammad Baqeri said that “the Kurdistan government’s insistence on secession from Iraq will lead to a bloody war between the region and Iraq as well as neighboring countries like Iran and Turkey.”
Read More: http://www.dinarupdates.com/showthread.php?55262-Barzani-steps-down-reopening-Kurdistan-crossings-with-Iran
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The Central Bank directs the banks not to deal with five individuals linked to Badash
The Central Bank of Iraq directed on Sunday, all banks and transfer companies not to deal with five individuals associated with “Daash and Al Qaeda.”
“Based on article 9, paragraph 2, of the 2016 Terrorist Freeze Regulations,” the bank said on its official website, referring to the AML / CFT book containing updates to the list of international sanctions included, as well as names of individuals and institutions And entities associated with Al-Qa’ida and Al-Qaeda to the list of sanctions imposed on Daqash and al-Qaeda mentioned in the decisions of the Committee for the freezing of terrorist funds.
All licensed banks, all financial transfer companies, all financial investment companies, all electronic payment companies and brokerage companies have been advised to sell and buy foreign currencies all by not dealing with these individuals and institutions below.
Read more: http://www.dinarupdates.com/showthread.php?55248-The-Central-Bank-directs-the-banks-not-to-deal-with-five-individuals-linked-to-Badash
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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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Kirkuk: Asking the Next Big Questions
Will the Kurdish government join forces with the central Iraqi government in Baghdad to govern Kirkuk?
Before the ISF staged its operation, there had been rumors that the faction of the Patriotic Union of Kurdistan (PUK) party led by the Talabani family proposed jointly governing Kirkuk province with Baghdad. In seeming support of the rumors, the Talabani faction ordered Kurdish peshmerga fighters to withdraw and to allow ISF to retake some of the energy installations in the city. It’s still uncertain, however, if there’s a deal in place between the PUK and Baghdad to jointly manage the province’s government or its oil and natural gas resources. That a deal would exist makes sense given the longstanding divisions between the PUK and rival Kurdistan Democratic Party (KDP), which controls much of the economy in Iraqi Kurdistan.
Will Baghdad maintain control of Kirkuk’s oil exports?
It almost certainly will, at least in some capacity. For the last three years the Kurdistan Regional Government (KRG) has been able to export oil produced at the Bai Hassan oil field and the Avanah and Baba Gurgur formations of the Kirkuk oil field, given it had effectively appropriated and incorporated the fields into its own energy sector. The federal government is now in control of those fields and could use them in negotiations with the KRG. But, though Baghdad plans to rebuild its own pipeline to export oil from Kirkuk,
right now all export infrastructure from the city goes through Kurdish-controlled territory, which could complicate Baghdad’s ability to sell the oil Kirkuk produces. Baghdad, recognizing its constraints, could offer the KRG joint administration of the oil resources or continue transit contracts with it to distribute Iraq’s oil wealth. Alternatively, it could shut off production in Kirkuk to increase financial pressure on the Kurdish government. Thus, there’s the chance that Iraq’s northern oil exports — which amount to around 550,000
barrels per day — could decline by as much as 300,000 bpd. In the long run, Baghdad hopes to boost Kirkuk’s production to above 1 million bpd.
What will KRG President Massoud Barzani and his party, the KDP, do next?
The loss of control over parts of Kirkuk will weaken the KRG’s position, but it will weaken the KDP even more. Barzani was already facing criticism for extending his presidential mandate that originally was set to end in August 2015. Though he has supported parliamentary and presidential elections scheduled for Nov. 1, it’s not clear that they will actually be held. To rebuild some of his support, Barzani could tap into nationalistic sentiments by painting pro-PUK segments of the peshmerga, which withdrew from Kirkuk when Baghdad entered, as traitors and by holding fast to his calls for Kurdish independence from Iraq. It’s more likely, however, that the weakened KDP will reduce its demands on Baghdad to facilitate negotiations…
Read More: http://www.dinarupdates.com/showthread.php?54968-Kirkuk-Asking-the-Next-Big-Questions&p=179832#post179832
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Kurdish source: Nuri al-Maliki allowed Peshmerga to extend for a share of oil smuggler
Revealed a leader in the Kurdish National Union Party about a deal was the former Prime Minister Nuri al-Maliki had held with the President of the Kurdistan region Massoud Barzani, while planning for a second term in 2010
The Kurdish leader said that a secret agreement signed between Maliki and Barzani stipulates that Maliki get a percentage of Kurdish oil smuggled, and be a partner with the Barzani family in the proceeds of oil smuggling, either from Kirkuk or the region in exchange for allowing the expansion of the Peshmerga in the disputed areas, and that gave a pledge Barzani has joined Kirkuk in Kurdistan and turned a blind eye to the impoverishment of the main neighborhoods of the oil-rich city.
The source pointed to the leaks of a private dialogue between Barzani and Maliki in 2010, in which the latter said that the western region of Iraq does not mean much, and is sure that Anbar, Nineveh, Diyala and Kirkuk will not be under the control of Baghdad, and is ready to give up those areas, To choose any area to be included in Kurdistan in exchange for the Kurds support Maliki in keeping him at the head of the executive authority in Iraq,
A leader in the National Alliance said that Maliki is in a state of hysteria because of political gains achieved by Abadi, and that he was disappointed with any victory in the upcoming elections due to the broad popularity of Abadi as a result of his skill in dealing with the referendum crisis and his success in restoring the disputed areas, Without armed clashes with the Peshmerga.
The source, who preferred to keep his name to avoid embarrassment, that Maliki continues contacts with Iranian leaders in search of an opportunity to restore some of the presence in the Iraqi Shiite circles, seeking the leader of the Islamic Revolution in Iran, Ayatollah Ali Khamenei and his adviser Qassem Soleimani support in the upcoming elections, The existence of an international conspiracy to postpone the elections and keep Abbadi two more years in office.
The source said Maliki asked Kassim Soleimani if Iran would continue to support Abadi and provide a basket of gains to the Iraqi prime minister to ensure his political future? How is Iran’s support for Abadi balanced with Turkish and American support? Sulaimani replied: “Ebadi managed the crisis with the mentality of the state man and achieved a rare state of balance between all parties, and he deserves all of their support.”
BGG ~ So it becomes clearer and clearer as to why the Kurds didn’t use their critical “swing vote” against Maliki when they could have. Barzani was “on the take” and in bed with him all along…
I’m not sure I have much sympathy left for him these days…
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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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Baghdad: al-Furat News – President of the Republic Fuad Masum, the removal of the governor of Kirkuk, Najmuddin Karim.
