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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 08-04-16

Currency Auctions Announcement No. 3251

This daily currency auction was held in the Central Bank of Iraq on the 08-03-2016

The results were as follows:

Currency Auctions Announcement No. 3252

This daily currency auction was held in the Central Bank of Iraq on the 08-04-2016

The results were as follows:

More: http://dinarupdates.com/observer/
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They have the usual socialist disease; they have run out of other people’s money. – Margaret Thatcher

*** Current News ***

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Kaperoni (Dinar Guru) –    Article:  “The central bank reveals the date of launch electronic currency”  I don’t want to get people overly excited but this is very good news.   The CBI has always stated that one of the reasons for deleting the zeros was to get rid of the zeros because it makes it difficult in calculations and errors can occur.  I cannot see the CBI going to electronic dinar without removing the zeros first.  Otherwise, it seems that they would only be creating a bigger issue than they already have.  Keep fingers crossed.

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

E-Currency

Yasser incumbent – Received a seminar « the introduction of the electronic currency trading and cash deal» the economic importance of direct and semantic interest group of business and finance experts and economists and interacted with the event organized by the progress of policy development institute and as usual in the selection of sensitive topics related to seek the requirements of economic reform efforts by the Central Bank of Iraq on the path of preparation to announce the date of implementation of this advanced program in the world for the daily market transactions where the Governor of the Central Bank announced the date of the implementation of the program during 2017.

Central Bank for its part in full readiness, what the expected challenges facing this ambitious program?

perhaps it is useful to note that the success of implementation depends on the arms of the main in Alo’hai banks and financial companies implementation, how many are willing Central subsidy to the success of his ambition?

eight this exact system which envisaged the central bank in dealing with the risks of relying on international companies working advanced international standards, how much time you need beneficiaries of government departments and institutions to respond to and interact with this program should lead to the implementation to the fullest.

as this system has the property of not less important than its predecessors and related leave dealing Balmachi or instruments and carry cash and risks of theft and damage to the large use also allow the citizen Banhaz dealings with all the comfort and pleasure without Reviews and grim Mngsh hustle and the expiration of the time things routine.

This only benefits deserve attention certainly so I said in the vertical Introduction The seminar drew the attention of the elites and specialists, what is required to ensure the success of this program?

Starting to be deepening the culture of dealing electronic currency and the central bank and the ministries the task of civil society organizations of an economic issue, especially the Association of Banks.,

Said the biggest economic task borne by media devices via deepen this culture either pens or Alvdhayah programs and all media outlets believe in the importance of rescuing the economy as well as the lack of adoption of the statements that are trying to put a spoke in the wheel except that there is no possibility of implementation thanks to the efforts of the good.

Read More: http://www.dinarupdates.com/showthread.php?38173-E-Currency-8-3

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“Immediately following News Time!!”
8/05 “After Call” – w/RCookie,
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from 8/01 – Smart phone user link – Click here

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Abadi Office describes the accusations as serious Defense Minister

(Voice of Iraq) – Baghdad – Description Office of the Prime Minister Haider al – Abadi, accused Defense Minister Khaled al – Obeidi, corruption to Parliament Speaker Salim al – Jubouri , and a number of MPs and officials to “serious.”

A spokesman for the office , Saad al – Hadithi, in a televised statement, this evening , “there are fears the charges and is dangerous , ” noting that “investigative boards will characterize the validity of these accusations with evidence and clues.”

He pointed out, ” The law provides for raising the legal immunity of a deputy accused after the vote on the adjournment , ” stressing ” the law is above all and there is no immunity for anyone , and there is a mechanism to lift the immunity but this is premature and the issue is still the Department of accusation and integrity will in question as directed by the Prime minister. ”

The Prime Minister Haider al – Abadi may face earlier in the Integrity Commission to investigate the allegations raised in the questioning of the Minister of Defence in the House of Representatives hearing today about corrupted files that are to cooperate with the committees to verify the House of Representatives on the subject and not one is above the law . ”

It is said that Defense Minister Khaled al – Obeidi, was accused in the interrogation at the parliament session today Parliament Speaker Salim al – Jubouri and deputies to exercise extortion to pass arming decades around suspicions of corruption worth millions of dollars, while al – Jubouri , strongly denied the accusations and defense minister, describing them Palmsarhh to derail the questioning, declaring at the same time his intention to sue al – Obeidi to these accusations and hauling raised by the Commission on Public integrity to investigate them.

Read More: http://www.dinarupdates.com/showthread.php?38085-Abadi-Office-describes-the-accusations-as-serious-Defense-Minister&p=157726#post157726

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rcookie (Dinar Guru) –    Article:  “Dinar on raising the money supply in the size of banks”   Quote:  “Currency market and called on the central bank to the registration of the Iraqi dinar in the foreign exchange market…”  HUGE INFORMATION IN HERE…HUGE!  CBI TO REGISTER IRAQI DINAR ON FOREIGN EXCHANGE MARKET!  FORM A JOINT STOCK COMPANY FOR THE MANAGEMENT OF ELECTRONIC TRADING & ISSUING SMART CARDSESPECIALLY DUE TO THE SHORTAGE OF CERTAIN NOTES LIKE THE 25K RESULTING FROM SMUGGLING…THEY ARE CITING THE SUCCESSFUL PROGRAM TEMPLATE OF THE KUWAITIS… TOWARD THIS MATTER!

Read More: http://www.dinarupdates.com/observer/
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Kaperoni (Dinar Guru) –   Article:  “Dinar on raising the money supply in the size of banks”  Quote:   “…called on the central bank to the registration of the Iraqi dinar in the foreign exchange market,…”    Bingo!  For those who don’t know…the foreign exchange market is Forex.  So they are ask the CBI to list the Dinar on the Forex for trading.  Which is exactly what we want…time to float the dinar and let the world market set the value.

Read More: http://www.dinarupdates.com/observer/
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Maliki a “Corrupt Dictator”: MEP

BRUSSELS — Struan Stevenson, the President of the European Parliament’s Delegation for Relations with Iraq, described the former Iraqi PM Nouri al-Maliki as “a corrupt dictator” who led the country into a civil war.

Stevenson revealed some facts about the former Iraqi PM and how the Iraqi Shi’ite-led government waged sectarian war on Sunni citizens in the country as well as the level of Iran’s interference in Iraq. He said, ”Five years ago when I was elected as the chair of the delegation for relations with Iraq in this house [EU parliament] to cement good relations between the European Parliament and Iraq, to build a good sympathetic relationship, within a very few weeks I exposed the fact that Nouri al-Maliki is a corrupt dictator,” he said.

Stevenson explained that he was told by many people in Brussels to shut up because Iran, the US and the UK insisted on the fraudulent re-election of Nouri al-Maliki; ”But I refused to shut up.”

Maliki later accused him of being an enemy of Iraq and a liar in a press statement, but “he (Maliki) then sent an envoy from Baghdad to my office in the European Parliament to ask me what it would take to make me shut up and I said what it would take will be your resignation and your indictment for crimes against humanity”, Stevenson said.

In 2010, Maliki lost election to Ayad al-Allawi by two seats, but Iran did not allow Allawi to become the Iraqi PM since he was frequently criticizing Iran’s interference in Iraq’s affairs.

The US and the UK also supported Maliki to form a coalition and take the office, Stevenson revealed. “That was a short term mistake and it was a tragedy for Iraq and the whole region,” he argued.

Stevenson said that the new Iraqi PM Haidar al-Abadi has admitted that “there are over 1 million armed Shi’ite militia active in Iraq, which are backed, financed and led by the Quds force from Iran waging sectarian war on the Sunni population and then the world asks why is the Sunni tribes members in Anbar and Diyala are not standing up and fighting alongside the Iraqi army to get rid of ISIS?”.

“Because the Sunni people think that the Shi’ite militias are worse than ISIS” Stevenson believes.

“If we are serious about ridding the world of ISIS and if we are serious about encouraging the Sunnis in Iraq to join force with the Iraqi military and Peshmerga to help oust ISIS, and this is the only practical way that we can fight against ISIS, then we must get rid of the Iranian interference in Iraq,” he argued.

People’s Mojahedin Organization Of Iran (PMOI) has revealed 30,000 names of Iraqi Shi’ites who are working in the army, intelligence services, and in the administration of Iraq who have been trained and are being paid a weekly wage by Iran, said the EU official.

Read More: http://www.basnews.com/index.php/en/news/iraq/289976

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

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
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RCookie NEWS Recap
(from) MONDAY August 1st, 2016

PARLIAMENT

SECURITY AND INTELLIGENCE COMMITTEE QUESTIONS OBEIDI TODAY IN CLOSED DOOR SESSION….PARL VOTED ON BAATH PARTY LAW, CANDIDATES FOR FEDERAL PUBLIC SERVICES BOARD, LAW OF VICTIMS OF JUSTICE COMPENSATION, DRAFT OF ACCESSION TO AFRICAN EURASIAN WATERFOWL, AND DISCUSS CANCELLATION OF REVOLUTIONARY RESOLUTION COMMAND COUNCIL ACT, TAKE CARE OF MINORS LAW NO.78 AND 1ST DRAFT LAW ANTIQUITIES & WORLD HERITAGE IN FRONT OF 182 DEPUTIES.…JABOURI STATES OBEIDI TIRADE & ACCUSATIONS IN PARLIAMENT SESSION WAS THEATRICS TO AVOID & DISTRACT FROM FURTHER QUESTIONING & ABADI ASSERTS INTENTION TO LAUNCH INTEGRITY INVESTIGATION TO DISPELL ARMS & WEAPONS CONTRACT CORRUPTION FILES WITH JABOURI EVEN OFFERING TO RESIGN AND RESUME SESSION ON TUESDAY THE 9TH…JABOURI THREATENING TO RELEASE FULL VERSION OF AUDIO/VIDEO QUESTIONING OF OBEIDI IN RESPONSE TO OBEIDI ACCUSATIONS TODAY UNEDITED FULL COLOR VERSION…AMERI WELCOMES NOMINATION OF ARAJI FOR INTERIOR MINISTER WITH APPROVAL OF BLOCS…PARLIAMENT FINANCE COMMITTEE ELECTS AL-HALBUSI AS CHAIRMAN…INTERIOR MINISTRY AND INSPECTOR GENERAL & DIRECTOR GENERAL ANNOUNCES FORMATION OF SPECIAL OPERATIONS STRIKE FORCE TO REVIEW AND PROSECUTE CORRUPTION WITHIN MINISTRY…JABOURI SACKS SECRETARY GENERAL OF COUNCIL OF REPRESENTATIVES NAME AS PART OF REFORM INITIATIVES WITHIN LEGISLATION…NATIONAL ALLIANCE CALLS FOR PROFESSIONAL DEALING WITH ACCOUNTABILITY & JUSTICE DECISION…JABOURI CONFIRMS SIGNATURES NECESSARY FOR CONDUCTING EMERGENCY SESSION OF PARLIAMENT TOMORROW…VOTE POSTPONED TO CHALLENGE JUDGEMENT AND DECISIONS OF “REAL PROPERTY LAW”…

BUSINESS/ECONOMY/INVESTMENT

CBI ISSUES STATEMENT GIVING BANKS UNTIL SEPTEMBER TO ADAPT & IMPLEMENT ELECTRONIC TRADING SYSTEMS TO ADDRESS CASH CIRCULATION PROBLEMS (LIQUIDITY) IN 2 AREAS THE 1ST BEING BETWEEN BANKS & COMPANIES AS A CLEARING LIQUIDATION OPERATION OF DAILY ACTIVITY & 2ND IS RETAIL INDIVIDUAL CITIZENS TO REPAY DEBT OBLIGATIONS (MOBILE PHONE, ELECTRICITY) WITH THE CBI PLAYING ACTIVE “PARTNER” ROLE WITHIN THIS ELECTRONIC SYSTEM AFTER COMPLETION OF COMPREHENSIVE AUDIT OF IMPLEMENTATION SYSTEMS THAT WILL PROVIDE MORE EFFICIENT AND ACCURATE TRANSACTIONS WITH MINIMIZED FRAUD VIOLATION & ABUSE VULNERABILITY HANDLING 20 TRILLION DINARS MONTHLY THROUGH PBX SYSTEM REGULATION…IRAQI INVESTMENT AUTHORITY AND BAGHDAD COUNCIL ANNOUNCE  “INVESTMENT MAP” IN COORDINATION WITH PRIVATE BANKS, INVESTORS AND PRIVATE SECTOR REPRESENTATIVES WITH OPPORTUNITIES OF 32 PROJECTS WORTH $1 BILLION USD IN INVESTMENT….PARLIAMENT FINANCE COMMITTEE CHAIRMAN FALEH DISCUSS WITH NEW BANK MANAGERS (2 YEAR APPOINTMENTS) MAINTAINING IRAQ’S CASH FLOW WITHOUT WASTE ( VELOCITY EFFICIENCY) AS MOST IMPORTANT BANKING ISSUES AND DISCUSSING IRAQ BANKING ACT AND MEANT TO CURB MANIPULATION…BAHRAINS LARGEST LENDER BANK AHLI UNITED BANK (AUB) HAS INCREASED ITS POSITION IN COMMERCIAL BANK OF IRAQ TO 64.71 PERCENT A 10% (10.75 BILLION IQD $9.20 MILLION USD) INCREASE PURCHASE OF 25 BILLION SHARES WITH LAST WEEKS CLOSE AT 0.43 DINARS WITH AUB HAVING PURCHASED 49% STAKE IN 2005…IRAQ EXPORTS 3.2 MBPD IN JULY…OIL CLOSES AT $43.43…TRANSPORT MINISTER ABTAN ANNOUNCE WITH NASIRIYAH GOVERNOR NAZARENE PLANS TO OPEN AND LAUNCH NEW AIRPORT NEXT MONTH ON SCHEDULE 9/29/16 TO COINCIDE WITH MARSHES BEING ADDED TO WORLD HERITAGE LIST…IRAQ SHIPS 2000 TONNES OF LIQUID NATURAL GAS FROM PORT OF UM QASR IN ADDITION TO 21,000 CUBIC METERS OF GAS CONDENSATES…WASIT INVESTMENT GRANTS LICENSES FOR 3 RESIDENTIAL COMPOUNDS IN THE PROVINCE SPANNING 30,000 ACRES…BASRA INVESTMENT COUNCIL ANNOUNCES 12

RESIDENTIAL HOUSING INVESTMENT OPPORTUNITIES IN THE PROVINCE AS PART OF 200 TOTAL INVESTMENT OPPORTUNITIES AND SIGNING OF CONTRACTS WITH BASRA MUNICIPALITY WITH PENDING INVESTORS AND ACHIEVE ECONOMIC REALITY…GOLD AT 217,000 IQD TO THE WEIGHT…EGYPT BEGINS IMF NEGOTIATIONS TO BORROW $12 BILLION…KURDISTAN REPORTS OIL PRODUCTION IN JULY AT 450,000 BARRELS…IRAQ OIL MINISTER ASSERTS PLAN TO INCREASE MAYSAN PRODUCTION TO 585,000 BARRELS PER DAY…

SECURITY

BARZANI DECLARES EDITING OF MOSUL WILL NOT OCCUR WITHOUT PARTICIPATION OF PESHMERGA…ISF FORCES KILL 25 ISIS ELEMENTS INCLUDING LEADERS IN AERIAL ATTACK IN WESTERN ANBAR…12 ISIS ELEMENTS INCLUDING LEADERS KILLED IN KALLIDIYA ISLAND…DEFENSE MINISTRY ANNOUNCES REVOCATION & DISMISSAL OF 106,000 ISF SOLDIERS WHO FLED FROM SERVICE IN 2014 FROM ISIS INVASION AND OCCUPATION OF MOSUL…ISF TROOPS SECURE AND REOPEN OLD ROADS LINKING RAMADI AND FALLUJAH…ISIS LEADERSHIP ISSIES NEW THREATS TO RUSSIA AND ITS LEADERS…ANBAR SECURITY COUNCIL ISSUES STATEMENT KHALIDIYA ISLAND FULLY LIBERATED FROM ISIS …US LAUNCHES FIRST STRIKES AGAINST ISIS IN SIRTE LIBYAN INTERIM DEFENSE MINISTER CONFIRMS…

GENERAL

AUCTIONS AT $162 MILLION…UN CONDEMNS THE ACCELERATION OF EXECUTIONS OF ALLEGED CONVICTED TERRORISTS IN IRAQ…BAGHDAD AIRPORT REPORTS MORE THAN 600 FLIGHTS DURING MONTH OF JULY…MALIKI COALITION ASSERTS OBEIDI PARLIAMENT QUESTIONING ONE OF THE MOST SERIOUS IN IRAQ’S HISTORY…INTEGRITY COMMISSION REVEALS OBEIDI PROVIDED OTHER NAMES IN CORRUPTION CHARGES THAT WERE NOT REVEALED IN QUESTIONING AND TESTIMONY…SADR REFUSES TO INCORPORATE KIRKUK INTO THE REGION AND CONFIRMS THAT THE PROVINCE IS FOR ALL IRAQIS…PARLIAMENT FINANCE COMMITTEE HEAD HALBUSI ASSERTS IRAQ’S INCREASE OF NON OIL REVENUES WILL BE ONE OF COMMITTEE’S AND IRAQ’S PRIORITIES IN NEXT PHASE…
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Indicative rates – 08.04.2016

http://www.cbi.iq/

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www.DinarUpdates.com

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 07-31-16

Currency Auctions Announcement No. 3248

This daily currency auction was held in the Central Bank of Iraq on the 07-31-2016

The results were as follows:

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

The share-the-wealth movement appeals most to those with the least to share. – Anonymous

*** Current News ***

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite!

______________________________________________________________

tlm724 (Dinar Guru) –   Loving the news outta Iraq!  Article:  “Iraqi Central Bank revealed on Monday, all give him the government banks until next September, to adapt itself to electronic systems and transactions…”  love a time schedule…The central bank gives the government banks until September to adapt itself to the electronic systems.  …take advantage of 77 percent of the money supply in the possession of citizens outside the banks, get rid of the cash circulation problems…get those dinars in the bank!  only 10 % of the population is using the electronic system right now but not for long!  this is going to bring in trillions of dinars off the streets which is exactly what we want!  stability is ongoing as well, all the things needed to make the transition and delete the zero’s!

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

The central bank gives banks the government one month to implement electronic trading systems

Our economy / Baghdad – Iraqi Central Bank revealed on Monday, all give him the government banks until next September, to adapt itself to electronic systems and transactions, while among the beneficiaries and users proportion of those dealings in Iraq, “not to exceed” ten percent, favored the possibility of the contribution of orientations to expand their use and take advantage of 77 percent of the money supply in the possession of citizens outside the banks, get rid of the cash circulation problems.

The governor of the central bank and the agency, on the Keywords, in an interview vassal agency our economy News, “The payment system is an important pillar of the banking and financial sector,” noting that it “consists of two phases first is related to the large total transactions between banks and companies within the system is settled and conducting clearing operations and liquidation of the great number of daily banking transactions. ”

He Keywords that “the second phase of a retail of transactions daily for individuals to pay their obligations through electronic or mobile phone and other card payment system,” noting that “the role of the central bank is monitoring and supervision beyond the field to the presence of problematic in banking transactions at the country level and the requisite large size of the precise organization. ”

He explained the governor, that “the role of the central bank may be an operator or partner or used for system electronic banking,” stressing that “the future role of the Central Bank is to supervise the system to be entrusted to operating the task to a company or a group belonging to the private sector companies.”

Keywords and saw that “the application of electronic trading requires work to provide the infrastructure required,” pointing out that such “legislative legal structure governing the banking services to all its details.”

He said the central bank governor, that “the Central Bank conducted a comprehensive review of the laws of banking and regulations in force and to develop an initial draft of the required legislation in this area, and issued an electronic payment system and controls subscribe to the infrastructure of the payment system retail,” noting that “the amount of $ 20 trillion dinars are being handled by a month under this system, a fast, accurate and support the national economy, away from a lot of problems. ”

Promised Keywords, said that “very cool and sophisticated retail payment system and helps the bank to follow all these processes and to prevent violations and abuses, which is updated through the end of 2015, which are no problem,” pointing out that “the Central Bank is currently working with the World Bank to review and evaluate the national payments system, where it was formed three locations of the data in the whole of Iraq, as well as one location outside Iraq to recover from the risks. ”

He went on, saying the central bank governor, said that “Iraq needs a comprehensive banking systems, followed by the banking system to be able to achieve its objectives,” revealing “a lack of State-owned banks for such an electronic system even though it has hundreds of branches.”

And gave Keywords “State-owned banks until next September, to adjust their positions within this electronic system,” Mstrsla that “the central bank takes the organizational side by issuing controls the use of electronic credit cards and there are plenty of companies that submitted bids for work on the processing of these cards the bank to the fact that the center has divided National, which regulates these processes, and represents an incubator electronic banking operations. ”

Continued conservative, that “the Bank has developed a court will be launched in early 2017 to regulate such operations plan,” and expressed regret that “as a result of the low percentage of beneficiaries and users in Iraq who do not exceed ten percent, and eight percent of these are very limited operations such as receiving only salary, and that only two percent of Iraqis are using smart cards “.

He expressed the Keywords, believed that “the trends in will help expand financial inclusion through the entry of more citizens to these systems and thus take advantage of in the possession of people’s money supply which amounts to 77 percent outside the system, as well as get rid of the cash circulation problems.”

Read More: http://www.dinarupdates.com/showthread.php?38087-The-central-bank-gives-banks-the-government-one-month-to-implement-electronic-systems&p=157728#post157728

Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”
8/01 “After Call” – w/RCookie,
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Abadi Office describes the accusations as serious Defense Minister

(Voice of Iraq) – Baghdad – Description Office of the Prime Minister Haider al – Abadi, accused Defense Minister Khaled al – Obeidi, corruption to Parliament Speaker Salim al – Jubouri , and a number of MPs and officials to “serious.”

A spokesman for the office , Saad al – Hadithi, in a televised statement, this evening , “there are fears the charges and is dangerous , ” noting that “investigative boards will characterize the validity of these accusations with evidence and clues.”

He pointed out, ” The law provides for raising the legal immunity of a deputy accused after the vote on the adjournment , ” stressing ” the law is above all and there is no immunity for anyone , and there is a mechanism to lift the immunity but this is premature and the issue is still the Department of accusation and integrity will in question as directed by the Prime minister. ”

The Prime Minister Haider al – Abadi may face earlier in the Integrity Commission to investigate the allegations raised in the questioning of the Minister of Defence in the House of Representatives hearing today about corrupted files that are to cooperate with the committees to verify the House of Representatives on the subject and not one is above the law . ”

It is said that Defense Minister Khaled al – Obeidi, was accused in the interrogation at the parliament session today Parliament Speaker Salim al – Jubouri and deputies to exercise extortion to pass arming decades around suspicions of corruption worth millions of dollars, while al – Jubouri , strongly denied the accusations and defense minister, describing them Palmsarhh to derail the questioning, declaring at the same time his intention to sue al – Obeidi to these accusations and hauling raised by the Commission on Public integrity to investigate them.

Read More: http://www.dinarupdates.com/showthread.php?38085-Abadi-Office-describes-the-accusations-as-serious-Defense-Minister&p=157726#post157726

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firefly (Dinar Guru) –   Article:  “Parliamentary Finance is discussing with the new managers of the banks to maintain liquidity”  Quote:  “Parliamentary Finance Committee discussed with the new bank directors, maintaining Iraq’s cash flow from waste, as well as discuss the Banking Act.”  as well as discuss the Banking Act.  Quote:   “These meetings aim to walk according to the draft reforms as well as for the organization of Iraqi banks and prevent manipulation.”  the draft reforms…REFORMS!!!  …expect some great news this week.  I’m looking for some huge items mid week.  ALWAYS follow the money.  They could talk economic reforms all they want but… What can you do at 1166?

Read More: http://www.dinarupdates.com/observer/
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Kaperoni (Dinar Guru) –    Article:  “The central bank reveals the date of launch electronic currency”  I don’t want to get people overly excited but this is very good news.   The CBI has always stated that one of the reasons for deleting the zeros was to get rid of the zeros because it makes it difficult in calculations and errors can occur.  I cannot see the CBI going to electronic dinar without removing the zeros first.  Otherwise, it seems that they would only be creating a bigger issue than they already have.  Keep fingers crossed.

Read More: http://www.dinarupdates.com/observer/
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Maliki a “Corrupt Dictator”: MEP

BRUSSELS — Struan Stevenson, the President of the European Parliament’s Delegation for Relations with Iraq, described the former Iraqi PM Nouri al-Maliki as “a corrupt dictator” who led the country into a civil war.

Stevenson revealed some facts about the former Iraqi PM and how the Iraqi Shi’ite-led government waged sectarian war on Sunni citizens in the country as well as the level of Iran’s interference in Iraq. He said, ”Five years ago when I was elected as the chair of the delegation for relations with Iraq in this house [EU parliament] to cement good relations between the European Parliament and Iraq, to build a good sympathetic relationship, within a very few weeks I exposed the fact that Nouri al-Maliki is a corrupt dictator,” he said.

Stevenson explained that he was told by many people in Brussels to shut up because Iran, the US and the UK insisted on the fraudulent re-election of Nouri al-Maliki; ”But I refused to shut up.”

Maliki later accused him of being an enemy of Iraq and a liar in a press statement, but “he (Maliki) then sent an envoy from Baghdad to my office in the European Parliament to ask me what it would take to make me shut up and I said what it would take will be your resignation and your indictment for crimes against humanity”, Stevenson said.

In 2010, Maliki lost election to Ayad al-Allawi by two seats, but Iran did not allow Allawi to become the Iraqi PM since he was frequently criticizing Iran’s interference in Iraq’s affairs.

The US and the UK also supported Maliki to form a coalition and take the office, Stevenson revealed. “That was a short term mistake and it was a tragedy for Iraq and the whole region,” he argued.

Stevenson said that the new Iraqi PM Haidar al-Abadi has admitted that “there are over 1 million armed Shi’ite militia active in Iraq, which are backed, financed and led by the Quds force from Iran waging sectarian war on the Sunni population and then the world asks why is the Sunni tribes members in Anbar and Diyala are not standing up and fighting alongside the Iraqi army to get rid of ISIS?”.

“Because the Sunni people think that the Shi’ite militias are worse than ISIS” Stevenson believes.

“If we are serious about ridding the world of ISIS and if we are serious about encouraging the Sunnis in Iraq to join force with the Iraqi military and Peshmerga to help oust ISIS, and this is the only practical way that we can fight against ISIS, then we must get rid of the Iranian interference in Iraq,” he argued.

People’s Mojahedin Organization Of Iran (PMOI) has revealed 30,000 names of Iraqi Shi’ites who are working in the army, intelligence services, and in the administration of Iraq who have been trained and are being paid a weekly wage by Iran, said the EU official.

Read More: http://www.basnews.com/index.php/en/news/iraq/289976

______________________________________________________________

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

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

RCookie NEWS Recap
(from) WEDNESDAY JULY 27TH, 2016

GENERAL

UN JAN KUBIS STATES THE PRIORITY FOR KURDISTAN NEEDS TO BE WAR ON ISIS AND NOT INDEPENDENCE…JAFAARI THANKS KUWAIT FOR ITS CONSISTENT SUPPORT ON ISIS AND DISPLACED SUPPORT AND POSTPONEMENT OF DEBT…JUDICIARY ANNOUNCE RELEASE OF 10,791 WITH SUSPENDED SENTENCES AND FOUND NOT GUILTY WITH 1608 CHARGED WITH TERRORISM…MALIKI CALLS FOR INTEGRITY TO RESTORE STOLEN PUBLIC MONEY AND DISRUPT & DISMANTLE ECONOMIC BODIES SET UP BY CORRUPT..…MINISTRY OF HEALTH & ENVIRONMENT AGREE TO ACTIVATE JOINT COOPERATION WITH JAPAN THROUGH JICA FOR INDUSTRY AND SERVICE ACTIVITIES…DISPLACEMENT & MIGRATION MINISTER ASSERTS MORE THAN 1 MILLION DISPLACED HAVE RETURNED TO THEIR HOMES SINCE BEGINNING OF ISIS OCCUPATION…PLANNING REVEALS 850,00 WIDOWS AND 600,00 ORPHANS ON LATEST 2016 STATISTICS…IRAQ & UNESCO DISCUSS SCIENTIFIC & HUMANITARIAN CURRICULUM DEVELOPMENT TEACHERS PROFESSIONAL TRAINING…IRAN CUTS ELECTRICITY SUPPLY TO IRAQ NATIONAL GRID TO 2 PLANTS TOTALING 800 MW WITHOUT WARNING DUE TO SELF PRESERVATION MECHANISM SYSTEM…JAFARI REQUESTS JORDAN EXPEDITE & FACILITATE PROCESSING VISAS FOR IRAQIS…JABOURI MEETS WITH NEW ZEALAND AMBASSADOR TO THANK FOR ONGOING SUPPORT AND INCREASE FUTURE BILATERAL TIES…ABADI OFFICE DECLARES SOME CATEGORIES OF INCOME TAX STILL UNDER DISCUSSION…ZEBARI MEETS WITH US & JAPANESE AMBASSADORS TO DISCUSS CONTINUED SUPPORT AWAY FROM DONORS CONFERENCE…

BUSINESS/ECONOMY/INVESTMENT

AUCTION SALES FLAT AT $154 MILLION…TRANSPORT MINISTER ABTAN ANNOUNCES MINISTRY READY TO OPEN THE DOOR TO INVESTMENT FOR THE PORT OF FAW PROJECT WITH 14 RESPONANTS FROM INT’L COMPANIES INVITED…GOLD RISES TO 217,000 IQD TO THE WEIGHT…BASRA GOVERNOR NASRAOUI ASSERTS PORT OF FAW WILL YIELD 10 TIMES VOLUME OF EXISTING 5 PORTS AND A 3RD PORT TO SERVICE WITH SAUDI ARABIA TO OPEN SOON…MINISTRY OF COMMERCE AND WORLD BANK APPROVE DRAFT MECHANISM OF ELECTRONIC SYSTEM OF DEPARTMENT OF REGISTRARS COMPANIES…HEAD OF ECONOMIC & INVESTMENT CMMISSION BOLANI CALLS FOR PARL TO FORM COMMITTEE FOR SPEED UP THE OMPLETION OF PORT OF FAW…BAGHDAD INVESTMENT INTENDS TO INTRODUCE 33 NEW PRIVATE SECTOR PROJECTS TO LOCAL & FOREIGN BUSINESS WORTH OVER $ 1BILLION USD IN EARLY AUGUST…ISX RISES 0.94% TO CLOSE 560.35 UP 5.24 POINTS AFTER 2 DAYS IN DECLINE…ZEBARI MEETS WITH MINISTER OF PLANNING AND CBI GOVERNOR ALAK AND PM ECONOMIC ADVISOR SALEH TO DISCUSS MAXIMIZING FINANCIAL RESOURCES OF STATE TO MOVE IRAQI ECONOMY & SERVICES TO CITIZENS PERTAINING TO ENERGY PROJECTS AND HOUSING FOR THE DISPLACED AND AWAY FROM FINANCIAL & ADMIN CORRUPTION…ELECTRICITY MINISTER QASIM MEETS WITH CROATION AMBASSADOR URICH TO DISCUSS PROMOTE COOPERATION TO DEVELOP ELECTIC ENERGY COOPERATION PROJECTS…OIL DOWN TO 3 MONTH LOW AT $44.38 OPEC BASKET TO $40.62…JAFAARI AND JORDAN AMBASSADOR ANANI TO ACCELERATE OPENING OF TREBIL BORDER CROSSING…RASHEED & RAFIDAIN SIGN CONTRACT WITH ERNST YOUNG AS CONSULTANT FOR APPLICATION OF UNIVERSAL BANKING SYSTEM TO BE APPLIED IN THE 2 BANKS INCLUDING PROMOTING FINANCING & INVESTMENT ACTIVITIES IN AGRICULTURAL & INDUSTRIAL SECTORS & TO BE COMPLETED WITHIN 125 DAYS UNDER AUSPICE OF MOF…

PARLIAMENT

LEGAL COMMITTEE STATES “WE WILL REMOVE THE MATERIAL PRIVILEGES” FROM PARLIAMENT ACT AND DID NOT SEND TO COM…SADR CALING FOR ALL CURRENT & FORMER MEMBERS OF LIBERAL BLOC TO BE REFERED TO INTEGRITY COMMISSION…PARLIAMENT SOURCE CONFIRMS THE REPLACEMENT OF ALL COMMITTEE HEADS AWAY FROM QUOTAS OR SECTARIAN…STATE OF LAW CONFIRMS ABADI WILL RESOLVE 7 MINISTERS DURING EID AL-ADHA…FRONT REFORM STATES THEY WILL NOT AGREE ON POLITICAL PARTY CANDIDATES FO VACANT POSTS…CABINET IN CONJUCTION WITH MOF & CBI APPROVED PAYMENT OF SALARIES AND DUES FOR PEASANTS & FARMERS IN CASH RATHER THAN BONDS…PARLIAMENTARY FINANCE PLANS TO CANCEL PRIVATE BANKS IN CBI MOVE TO MONITOR AND EVALUATE THEIR PERFORMANCE AND LACK OF INVOLVEMENT TO FACILITATE AND GROW PRIVATE SECTOR BUT RATHER MAIN FUNCTION BEING CURRENCY AUCTION WINDOW WHICH NOT CORE ACTIVITY BUT SECONDARY AND NOT ACTIVATE PRIVATE SECTOR SME LOANS…MP DEPUTY TURAN CALLS FOR PARLIAMENT TO REJECT THE LAW AND RETURN OF LAND SEIZED BY PREVIOUS GOVERNMENT FROM CITIZENS THROUGH SPECIALTY COURTS IN PROVINCE OF KIRKUK GROUNDS UNCONSTITUTIONAL…EMERGENCY SESSION HELD TODAY TO SELECT COMMITTEE HEADS WHICH TO BE SUPLEMENTED WITH BI-ANNUAL ELECTIONS IN FRONT OF 180 DEPUTIES…PARL LEGAL ISSUES REASON BEHIND DELAY IN VOTE ON IMPORTANT BILLS AS LACK OF CONSENSUS BETWEEN POLITICAL BLOCS & MOST HAVING HAD 1ST READING AND AMENDING AND DESIRE TO EOLVE IN CURRENT LEGISLATIVE TERM..…JABOURI CONFIRMS PARLIAMENT INTENTION TO MAINTAIN DEMOCRATIC STRUCTURE AND ITS INSTITUTIONS…JUSTICE MINISTER TO BE ADDED TO PARL LEGAL COMMITTEE AS PANEL TO QUESTION MOD OBEIDI IN COMING DAYS…

SECURITY

ISLAMIC SUPREME COUNCIL LEADER HAKIM STATES THE BATTLE OF MOSUL WILL COMPLETELY BREAK THE BACKS OF ISIS AND MILITARY TERRORISM…INTERNATIONAL COALITION CONDUCTS 22 SORTIES ON IRAQ & SYRIA…KARBALA DIGGING SECURITY TRENCH 70 KM LONG ON IRS WESTERN BORDER…MINISTER OF PESHMERGA ANNOUNCES “OUR TROOPS WILL WITHDRAW FROM CITY OF MOSUL JUST AFTER THE LIBERATION…DEFENSE MINISTRY INVITES COLLEGE GRADUATES TO JOIN MILITARY WITH THE RANK OF LIEUTENANT…ISF AVIATION DEAL FATAL BLOW TO ISIS ELEMENTS AND PRESENCE IN KHALADILYA ISLAND KILLING DOZENS OF ISIS ELEMENTS AND DESTROYING HEADQUARTERS AND NUMEROUS BOOBY TRAPPED WHEELS…JABOURI CALLS FOR IMMEDIATE ACTIVATION OF PLANS TO CARE FOR THE NEWLY DISPLACED…US FORCES HELP ISF BUILD A BRIDGE OVER TIGRIS RIVER IN KEY STRATEGIC INITIATIVE FOR MOSUL LIBERATION BATTLE…GARVER STATES DISCOVERY OF “TREASURE TROVE” OF VALUABLE PAPERS AND DOCUMENTS REVEALING ISIS INTERNAL DATA IN SYRIAN TOWN MANJEB…
______________________________________________________________

Indicative rates – 08.02.2016

http://www.cbi.iq/

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

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 07-31-16

Currency Auctions Announcement No. 3248

This daily currency auction was held in the Central Bank of Iraq on the 07-31-2016

The results were as follows:

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

The share-the-wealth movement appeals most to those with the least to share. – Anonymous

*** Current News ***

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______________________________________________________________

tlm724 (Dinar Guru) –   Loving the news outta Iraq!  Article:  “Iraqi Central Bank revealed on Monday, all give him the government banks until next September, to adapt itself to electronic systems and transactions…”  love a time schedule…The central bank gives the government banks until September to adapt itself to the electronic systems.  …take advantage of 77 percent of the money supply in the possession of citizens outside the banks, get rid of the cash circulation problems…get those dinars in the bank!  only 10 % of the population is using the electronic system right now but not for long!  this is going to bring in trillions of dinars off the streets which is exactly what we want!  stability is ongoing as well, all the things needed to make the transition and delete the zero’s!

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

The central bank gives banks the government one month to implement electronic trading systems

Our economy / Baghdad – Iraqi Central Bank revealed on Monday, all give him the government banks until next September, to adapt itself to electronic systems and transactions, while among the beneficiaries and users proportion of those dealings in Iraq, “not to exceed” ten percent, favored the possibility of the contribution of orientations to expand their use and take advantage of 77 percent of the money supply in the possession of citizens outside the banks, get rid of the cash circulation problems.

The governor of the central bank and the agency, on the Keywords, in an interview vassal agency our economy News, “The payment system is an important pillar of the banking and financial sector,” noting that it “consists of two phases first is related to the large total transactions between banks and companies within the system is settled and conducting clearing operations and liquidation of the great number of daily banking transactions. ”

He Keywords that “the second phase of a retail of transactions daily for individuals to pay their obligations through electronic or mobile phone and other card payment system,” noting that “the role of the central bank is monitoring and supervision beyond the field to the presence of problematic in banking transactions at the country level and the requisite large size of the precise organization. ”

He explained the governor, that “the role of the central bank may be an operator or partner or used for system electronic banking,” stressing that “the future role of the Central Bank is to supervise the system to be entrusted to operating the task to a company or a group belonging to the private sector companies.”

Keywords and saw that “the application of electronic trading requires work to provide the infrastructure required,” pointing out that such “legislative legal structure governing the banking services to all its details.”

He said the central bank governor, that “the Central Bank conducted a comprehensive review of the laws of banking and regulations in force and to develop an initial draft of the required legislation in this area, and issued an electronic payment system and controls subscribe to the infrastructure of the payment system retail,” noting that “the amount of $ 20 trillion dinars are being handled by a month under this system, a fast, accurate and support the national economy, away from a lot of problems. ”

Promised Keywords, said that “very cool and sophisticated retail payment system and helps the bank to follow all these processes and to prevent violations and abuses, which is updated through the end of 2015, which are no problem,” pointing out that “the Central Bank is currently working with the World Bank to review and evaluate the national payments system, where it was formed three locations of the data in the whole of Iraq, as well as one location outside Iraq to recover from the risks. ”

He went on, saying the central bank governor, said that “Iraq needs a comprehensive banking systems, followed by the banking system to be able to achieve its objectives,” revealing “a lack of State-owned banks for such an electronic system even though it has hundreds of branches.”

And gave Keywords “State-owned banks until next September, to adjust their positions within this electronic system,” Mstrsla that “the central bank takes the organizational side by issuing controls the use of electronic credit cards and there are plenty of companies that submitted bids for work on the processing of these cards the bank to the fact that the center has divided National, which regulates these processes, and represents an incubator electronic banking operations. ”

Continued conservative, that “the Bank has developed a court will be launched in early 2017 to regulate such operations plan,” and expressed regret that “as a result of the low percentage of beneficiaries and users in Iraq who do not exceed ten percent, and eight percent of these are very limited operations such as receiving only salary, and that only two percent of Iraqis are using smart cards “.

He expressed the Keywords, believed that “the trends in will help expand financial inclusion through the entry of more citizens to these systems and thus take advantage of in the possession of people’s money supply which amounts to 77 percent outside the system, as well as get rid of the cash circulation problems.”

Read More: http://www.dinarupdates.com/showthread.php?38087-The-central-bank-gives-banks-the-government-one-month-to-implement-electronic-systems&p=157728#post157728

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Abadi Office describes the accusations as serious Defense Minister

(Voice of Iraq) – Baghdad – Description Office of the Prime Minister Haider al – Abadi, accused Defense Minister Khaled al – Obeidi, corruption to Parliament Speaker Salim al – Jubouri , and a number of MPs and officials to “serious.”

A spokesman for the office , Saad al – Hadithi, in a televised statement, this evening , “there are fears the charges and is dangerous , ” noting that “investigative boards will characterize the validity of these accusations with evidence and clues.”

He pointed out, ” The law provides for raising the legal immunity of a deputy accused after the vote on the adjournment , ” stressing ” the law is above all and there is no immunity for anyone , and there is a mechanism to lift the immunity but this is premature and the issue is still the Department of accusation and integrity will in question as directed by the Prime minister. ”

The Prime Minister Haider al – Abadi may face earlier in the Integrity Commission to investigate the allegations raised in the questioning of the Minister of Defence in the House of Representatives hearing today about corrupted files that are to cooperate with the committees to verify the House of Representatives on the subject and not one is above the law . ”

It is said that Defense Minister Khaled al – Obeidi, was accused in the interrogation at the parliament session today Parliament Speaker Salim al – Jubouri and deputies to exercise extortion to pass arming decades around suspicions of corruption worth millions of dollars, while al – Jubouri , strongly denied the accusations and defense minister, describing them Palmsarhh to derail the questioning, declaring at the same time his intention to sue al – Obeidi to these accusations and hauling raised by the Commission on Public integrity to investigate them.

Read More: http://www.dinarupdates.com/showthread.php?38085-Abadi-Office-describes-the-accusations-as-serious-Defense-Minister&p=157726#post157726

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firefly (Dinar Guru) –   Article:  “Parliamentary Finance is discussing with the new managers of the banks to maintain liquidity”  Quote:  “Parliamentary Finance Committee discussed with the new bank directors, maintaining Iraq’s cash flow from waste, as well as discuss the Banking Act.”  as well as discuss the Banking Act.  Quote:   “These meetings aim to walk according to the draft reforms as well as for the organization of Iraqi banks and prevent manipulation.”  the draft reforms…REFORMS!!!  …expect some great news this week.  I’m looking for some huge items mid week.  ALWAYS follow the money.  They could talk economic reforms all they want but… What can you do at 1166?

Read More: http://www.dinarupdates.com/observer/
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Kaperoni (Dinar Guru) –    Article:  “The central bank reveals the date of launch electronic currency”  I don’t want to get people overly excited but this is very good news.   The CBI has always stated that one of the reasons for deleting the zeros was to get rid of the zeros because it makes it difficult in calculations and errors can occur.  I cannot see the CBI going to electronic dinar without removing the zeros first.  Otherwise, it seems that they would only be creating a bigger issue than they already have.  Keep fingers crossed.

Read More: http://www.dinarupdates.com/observer/
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Maliki a “Corrupt Dictator”: MEP

BRUSSELS — Struan Stevenson, the President of the European Parliament’s Delegation for Relations with Iraq, described the former Iraqi PM Nouri al-Maliki as “a corrupt dictator” who led the country into a civil war.

Stevenson revealed some facts about the former Iraqi PM and how the Iraqi Shi’ite-led government waged sectarian war on Sunni citizens in the country as well as the level of Iran’s interference in Iraq. He said, ”Five years ago when I was elected as the chair of the delegation for relations with Iraq in this house [EU parliament] to cement good relations between the European Parliament and Iraq, to build a good sympathetic relationship, within a very few weeks I exposed the fact that Nouri al-Maliki is a corrupt dictator,” he said.

Stevenson explained that he was told by many people in Brussels to shut up because Iran, the US and the UK insisted on the fraudulent re-election of Nouri al-Maliki; ”But I refused to shut up.”

Maliki later accused him of being an enemy of Iraq and a liar in a press statement, but “he (Maliki) then sent an envoy from Baghdad to my office in the European Parliament to ask me what it would take to make me shut up and I said what it would take will be your resignation and your indictment for crimes against humanity”, Stevenson said.

In 2010, Maliki lost election to Ayad al-Allawi by two seats, but Iran did not allow Allawi to become the Iraqi PM since he was frequently criticizing Iran’s interference in Iraq’s affairs.

The US and the UK also supported Maliki to form a coalition and take the office, Stevenson revealed. “That was a short term mistake and it was a tragedy for Iraq and the whole region,” he argued.

Stevenson said that the new Iraqi PM Haidar al-Abadi has admitted that “there are over 1 million armed Shi’ite militia active in Iraq, which are backed, financed and led by the Quds force from Iran waging sectarian war on the Sunni population and then the world asks why is the Sunni tribes members in Anbar and Diyala are not standing up and fighting alongside the Iraqi army to get rid of ISIS?”.

“Because the Sunni people think that the Shi’ite militias are worse than ISIS” Stevenson believes.

“If we are serious about ridding the world of ISIS and if we are serious about encouraging the Sunnis in Iraq to join force with the Iraqi military and Peshmerga to help oust ISIS, and this is the only practical way that we can fight against ISIS, then we must get rid of the Iranian interference in Iraq,” he argued.

People’s Mojahedin Organization Of Iran (PMOI) has revealed 30,000 names of Iraqi Shi’ites who are working in the army, intelligence services, and in the administration of Iraq who have been trained and are being paid a weekly wage by Iran, said the EU official.

Read More: http://www.basnews.com/index.php/en/news/iraq/289976

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

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

RCookie NEWS Recap
(from) WEDNESDAY JULY 27TH, 2016

GENERAL

UN JAN KUBIS STATES THE PRIORITY FOR KURDISTAN NEEDS TO BE WAR ON ISIS AND NOT INDEPENDENCE…JAFAARI THANKS KUWAIT FOR ITS CONSISTENT SUPPORT ON ISIS AND DISPLACED SUPPORT AND POSTPONEMENT OF DEBT…JUDICIARY ANNOUNCE RELEASE OF 10,791 WITH SUSPENDED SENTENCES AND FOUND NOT GUILTY WITH 1608 CHARGED WITH TERRORISM…MALIKI CALLS FOR INTEGRITY TO RESTORE STOLEN PUBLIC MONEY AND DISRUPT & DISMANTLE ECONOMIC BODIES SET UP BY CORRUPT..…MINISTRY OF HEALTH & ENVIRONMENT AGREE TO ACTIVATE JOINT COOPERATION WITH JAPAN THROUGH JICA FOR INDUSTRY AND SERVICE ACTIVITIES…DISPLACEMENT & MIGRATION MINISTER ASSERTS MORE THAN 1 MILLION DISPLACED HAVE RETURNED TO THEIR HOMES SINCE BEGINNING OF ISIS OCCUPATION…PLANNING REVEALS 850,00 WIDOWS AND 600,00 ORPHANS ON LATEST 2016 STATISTICS…IRAQ & UNESCO DISCUSS SCIENTIFIC & HUMANITARIAN CURRICULUM DEVELOPMENT TEACHERS PROFESSIONAL TRAINING…IRAN CUTS ELECTRICITY SUPPLY TO IRAQ NATIONAL GRID TO 2 PLANTS TOTALING 800 MW WITHOUT WARNING DUE TO SELF PRESERVATION MECHANISM SYSTEM…JAFARI REQUESTS JORDAN EXPEDITE & FACILITATE PROCESSING VISAS FOR IRAQIS…JABOURI MEETS WITH NEW ZEALAND AMBASSADOR TO THANK FOR ONGOING SUPPORT AND INCREASE FUTURE BILATERAL TIES…ABADI OFFICE DECLARES SOME CATEGORIES OF INCOME TAX STILL UNDER DISCUSSION…ZEBARI MEETS WITH US & JAPANESE AMBASSADORS TO DISCUSS CONTINUED SUPPORT AWAY FROM DONORS CONFERENCE…

BUSINESS/ECONOMY/INVESTMENT

AUCTION SALES FLAT AT $154 MILLION…TRANSPORT MINISTER ABTAN ANNOUNCES MINISTRY READY TO OPEN THE DOOR TO INVESTMENT FOR THE PORT OF FAW PROJECT WITH 14 RESPONANTS FROM INT’L COMPANIES INVITED…GOLD RISES TO 217,000 IQD TO THE WEIGHT…BASRA GOVERNOR NASRAOUI ASSERTS PORT OF FAW WILL YIELD 10 TIMES VOLUME OF EXISTING 5 PORTS AND A 3RD PORT TO SERVICE WITH SAUDI ARABIA TO OPEN SOON…MINISTRY OF COMMERCE AND WORLD BANK APPROVE DRAFT MECHANISM OF ELECTRONIC SYSTEM OF DEPARTMENT OF REGISTRARS COMPANIES…HEAD OF ECONOMIC & INVESTMENT CMMISSION BOLANI CALLS FOR PARL TO FORM COMMITTEE FOR SPEED UP THE OMPLETION OF PORT OF FAW…BAGHDAD INVESTMENT INTENDS TO INTRODUCE 33 NEW PRIVATE SECTOR PROJECTS TO LOCAL & FOREIGN BUSINESS WORTH OVER $ 1BILLION USD IN EARLY AUGUST…ISX RISES 0.94% TO CLOSE 560.35 UP 5.24 POINTS AFTER 2 DAYS IN DECLINE…ZEBARI MEETS WITH MINISTER OF PLANNING AND CBI GOVERNOR ALAK AND PM ECONOMIC ADVISOR SALEH TO DISCUSS MAXIMIZING FINANCIAL RESOURCES OF STATE TO MOVE IRAQI ECONOMY & SERVICES TO CITIZENS PERTAINING TO ENERGY PROJECTS AND HOUSING FOR THE DISPLACED AND AWAY FROM FINANCIAL & ADMIN CORRUPTION…ELECTRICITY MINISTER QASIM MEETS WITH CROATION AMBASSADOR URICH TO DISCUSS PROMOTE COOPERATION TO DEVELOP ELECTIC ENERGY COOPERATION PROJECTS…OIL DOWN TO 3 MONTH LOW AT $44.38 OPEC BASKET TO $40.62…JAFAARI AND JORDAN AMBASSADOR ANANI TO ACCELERATE OPENING OF TREBIL BORDER CROSSING…RASHEED & RAFIDAIN SIGN CONTRACT WITH ERNST YOUNG AS CONSULTANT FOR APPLICATION OF UNIVERSAL BANKING SYSTEM TO BE APPLIED IN THE 2 BANKS INCLUDING PROMOTING FINANCING & INVESTMENT ACTIVITIES IN AGRICULTURAL & INDUSTRIAL SECTORS & TO BE COMPLETED WITHIN 125 DAYS UNDER AUSPICE OF MOF…

PARLIAMENT

LEGAL COMMITTEE STATES “WE WILL REMOVE THE MATERIAL PRIVILEGES” FROM PARLIAMENT ACT AND DID NOT SEND TO COM…SADR CALING FOR ALL CURRENT & FORMER MEMBERS OF LIBERAL BLOC TO BE REFERED TO INTEGRITY COMMISSION…PARLIAMENT SOURCE CONFIRMS THE REPLACEMENT OF ALL COMMITTEE HEADS AWAY FROM QUOTAS OR SECTARIAN…STATE OF LAW CONFIRMS ABADI WILL RESOLVE 7 MINISTERS DURING EID AL-ADHA…FRONT REFORM STATES THEY WILL NOT AGREE ON POLITICAL PARTY CANDIDATES FO VACANT POSTS…CABINET IN CONJUCTION WITH MOF & CBI APPROVED PAYMENT OF SALARIES AND DUES FOR PEASANTS & FARMERS IN CASH RATHER THAN BONDS…PARLIAMENTARY FINANCE PLANS TO CANCEL PRIVATE BANKS IN CBI MOVE TO MONITOR AND EVALUATE THEIR PERFORMANCE AND LACK OF INVOLVEMENT TO FACILITATE AND GROW PRIVATE SECTOR BUT RATHER MAIN FUNCTION BEING CURRENCY AUCTION WINDOW WHICH NOT CORE ACTIVITY BUT SECONDARY AND NOT ACTIVATE PRIVATE SECTOR SME LOANS…MP DEPUTY TURAN CALLS FOR PARLIAMENT TO REJECT THE LAW AND RETURN OF LAND SEIZED BY PREVIOUS GOVERNMENT FROM CITIZENS THROUGH SPECIALTY COURTS IN PROVINCE OF KIRKUK GROUNDS UNCONSTITUTIONAL…EMERGENCY SESSION HELD TODAY TO SELECT COMMITTEE HEADS WHICH TO BE SUPLEMENTED WITH BI-ANNUAL ELECTIONS IN FRONT OF 180 DEPUTIES…PARL LEGAL ISSUES REASON BEHIND DELAY IN VOTE ON IMPORTANT BILLS AS LACK OF CONSENSUS BETWEEN POLITICAL BLOCS & MOST HAVING HAD 1ST READING AND AMENDING AND DESIRE TO EOLVE IN CURRENT LEGISLATIVE TERM..…JABOURI CONFIRMS PARLIAMENT INTENTION TO MAINTAIN DEMOCRATIC STRUCTURE AND ITS INSTITUTIONS…JUSTICE MINISTER TO BE ADDED TO PARL LEGAL COMMITTEE AS PANEL TO QUESTION MOD OBEIDI IN COMING DAYS…

SECURITY

ISLAMIC SUPREME COUNCIL LEADER HAKIM STATES THE BATTLE OF MOSUL WILL COMPLETELY BREAK THE BACKS OF ISIS AND MILITARY TERRORISM…INTERNATIONAL COALITION CONDUCTS 22 SORTIES ON IRAQ & SYRIA…KARBALA DIGGING SECURITY TRENCH 70 KM LONG ON IRS WESTERN BORDER…MINISTER OF PESHMERGA ANNOUNCES “OUR TROOPS WILL WITHDRAW FROM CITY OF MOSUL JUST AFTER THE LIBERATION…DEFENSE MINISTRY INVITES COLLEGE GRADUATES TO JOIN MILITARY WITH THE RANK OF LIEUTENANT…ISF AVIATION DEAL FATAL BLOW TO ISIS ELEMENTS AND PRESENCE IN KHALADILYA ISLAND KILLING DOZENS OF ISIS ELEMENTS AND DESTROYING HEADQUARTERS AND NUMEROUS BOOBY TRAPPED WHEELS…JABOURI CALLS FOR IMMEDIATE ACTIVATION OF PLANS TO CARE FOR THE NEWLY DISPLACED…US FORCES HELP ISF BUILD A BRIDGE OVER TIGRIS RIVER IN KEY STRATEGIC INITIATIVE FOR MOSUL LIBERATION BATTLE…GARVER STATES DISCOVERY OF “TREASURE TROVE” OF VALUABLE PAPERS AND DOCUMENTS REVEALING ISIS INTERNAL DATA IN SYRIAN TOWN MANJEB…
______________________________________________________________

Indicative rates – 08.01.2016

http://www.cbi.iq/

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

www.DinarUpdates.com

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 07-28-16

Currency Auctions Announcement No. 3247

This daily currency auction was held in the Central Bank of Iraq on the 07-28-2016

The results were as follows:

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

If we make peaceful revolution impossible, we make violent revolution inevitable. – John F. Kennedy

*** Current News ***

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/BGG in DU CHAT ROOM – Friday 7:30pm EST

www.DinarUpdates.com – save as favorite!

RCookie NEWS Recap
(from) WEDNESDAY JULY 27TH, 2016

GENERAL

UN JAN KUBIS STATES THE PRIORITY FOR KURDISTAN NEEDS TO BE WAR ON ISIS AND NOT INDEPENDENCE…JAFAARI THANKS KUWAIT FOR ITS CONSISTENT SUPPORT ON ISIS AND DISPLACED SUPPORT AND POSTPONEMENT OF DEBT…JUDICIARY ANNOUNCE RELEASE OF 10,791 WITH SUSPENDED SENTENCES AND FOUND NOT GUILTY WITH 1608 CHARGED WITH TERRORISM…MALIKI CALLS FOR INTEGRITY TO RESTORE STOLEN PUBLIC MONEY AND DISRUPT & DISMANTLE ECONOMIC BODIES SET UP BY CORRUPT..…MINISTRY OF HEALTH & ENVIRONMENT AGREE TO ACTIVATE JOINT COOPERATION WITH JAPAN THROUGH JICA FOR INDUSTRY AND SERVICE ACTIVITIES…DISPLACEMENT & MIGRATION MINISTER ASSERTS MORE THAN 1 MILLION DISPLACED HAVE RETURNED TO THEIR HOMES SINCE BEGINNING OF ISIS OCCUPATION…PLANNING REVEALS 850,00 WIDOWS AND 600,00 ORPHANS ON LATEST 2016 STATISTICS…IRAQ & UNESCO DISCUSS SCIENTIFIC & HUMANITARIAN CURRICULUM DEVELOPMENT TEACHERS PROFESSIONAL TRAINING…IRAN CUTS ELECTRICITY SUPPLY TO IRAQ NATIONAL GRID TO 2 PLANTS TOTALING 800 MW WITHOUT WARNING DUE TO SELF PRESERVATION MECHANISM SYSTEM…JAFARI REQUESTS JORDAN EXPEDITE & FACILITATE PROCESSING VISAS FOR IRAQIS…JABOURI MEETS WITH NEW ZEALAND AMBASSADOR TO THANK FOR ONGOING SUPPORT AND INCREASE FUTURE BILATERAL TIES…ABADI OFFICE DECLARES SOME CATEGORIES OF INCOME TAX STILL UNDER DISCUSSION…ZEBARI MEETS WITH US & JAPANESE AMBASSADORS TO DISCUSS CONTINUED SUPPORT AWAY FROM DONORS CONFERENCE…

BUSINESS/ECONOMY/INVESTMENT

AUCTION SALES FLAT AT $154 MILLION…TRANSPORT MINISTER ABTAN ANNOUNCES MINISTRY READY TO OPEN THE DOOR TO INVESTMENT FOR THE PORT OF FAW PROJECT WITH 14 RESPONANTS FROM INT’L COMPANIES INVITED…GOLD RISES TO 217,000 IQD TO THE WEIGHT…BASRA GOVERNOR NASRAOUI ASSERTS PORT OF FAW WILL YIELD 10 TIMES VOLUME OF EXISTING 5 PORTS AND A 3RD PORT TO SERVICE WITH SAUDI ARABIA TO OPEN SOON…MINISTRY OF COMMERCE AND WORLD BANK APPROVE DRAFT MECHANISM OF ELECTRONIC SYSTEM OF DEPARTMENT OF REGISTRARS COMPANIES…HEAD OF ECONOMIC & INVESTMENT CMMISSION BOLANI CALLS FOR PARL TO FORM COMMITTEE FOR SPEED UP THE OMPLETION OF PORT OF FAW…BAGHDAD INVESTMENT INTENDS TO INTRODUCE 33 NEW PRIVATE SECTOR PROJECTS TO LOCAL & FOREIGN BUSINESS WORTH OVER $ 1BILLION USD IN EARLY AUGUST…ISX RISES 0.94% TO CLOSE 560.35 UP 5.24 POINTS AFTER 2 DAYS IN DECLINE…ZEBARI MEETS WITH MINISTER OF PLANNING AND CBI GOVERNOR ALAK AND PM ECONOMIC ADVISOR SALEH TO DISCUSS MAXIMIZING FINANCIAL RESOURCES OF STATE TO MOVE IRAQI ECONOMY & SERVICES TO CITIZENS PERTAINING TO ENERGY PROJECTS AND HOUSING FOR THE DISPLACED AND AWAY FROM FINANCIAL & ADMIN CORRUPTION…ELECTRICITY MINISTER QASIM MEETS WITH CROATION AMBASSADOR URICH TO DISCUSS PROMOTE COOPERATION TO DEVELOP ELECTIC ENERGY COOPERATION PROJECTS…OIL DOWN TO 3 MONTH LOW AT $44.38 OPEC BASKET TO $40.62…JAFAARI AND JORDAN AMBASSADOR ANANI TO ACCELERATE OPENING OF TREBIL BORDER CROSSING…RASHEED & RAFIDAIN SIGN CONTRACT WITH ERNST YOUNG AS CONSULTANT FOR APPLICATION OF UNIVERSAL BANKING SYSTEM TO BE APPLIED IN THE 2 BANKS INCLUDING PROMOTING FINANCING & INVESTMENT ACTIVITIES IN AGRICULTURAL & INDUSTRIAL SECTORS & TO BE COMPLETED WITHIN 125 DAYS UNDER AUSPICE OF MOF…

PARLIAMENT

LEGAL COMMITTEE STATES “WE WILL REMOVE THE MATERIAL PRIVILEGES” FROM PARLIAMENT ACT AND DID NOT SEND TO COM…SADR CALING FOR ALL CURRENT & FORMER MEMBERS OF LIBERAL BLOC TO BE REFERED TO INTEGRITY COMMISSION…PARLIAMENT SOURCE CONFIRMS THE REPLACEMENT OF ALL COMMITTEE HEADS AWAY FROM QUOTAS OR SECTARIAN…STATE OF LAW CONFIRMS ABADI WILL RESOLVE 7 MINISTERS DURING EID AL-ADHA…FRONT REFORM STATES THEY WILL NOT AGREE ON POLITICAL PARTY CANDIDATES FO VACANT POSTS…CABINET IN CONJUCTION WITH MOF & CBI APPROVED PAYMENT OF SALARIES AND DUES FOR PEASANTS & FARMERS IN CASH RATHER THAN BONDS…PARLIAMENTARY FINANCE PLANS TO CANCEL PRIVATE BANKS IN CBI MOVE TO MONITOR AND EVALUATE THEIR PERFORMANCE AND LACK OF INVOLVEMENT TO FACILITATE AND GROW PRIVATE SECTOR BUT RATHER MAIN FUNCTION BEING CURRENCY AUCTION WINDOW WHICH NOT CORE ACTIVITY BUT SECONDARY AND NOT ACTIVATE PRIVATE SECTOR SME LOANS…MP DEPUTY TURAN CALLS FOR PARLIAMENT TO REJECT THE LAW AND RETURN OF LAND SEIZED BY PREVIOUS GOVERNMENT FROM CITIZENS THROUGH SPECIALTY COURTS IN PROVINCE OF KIRKUK GROUNDS UNCONSTITUTIONAL…EMERGENCY SESSION HELD TODAY TO SELECT COMMITTEE HEADS WHICH TO BE SUPLEMENTED WITH BI-ANNUAL ELECTIONS IN FRONT OF 180 DEPUTIES…PARL LEGAL ISSUES REASON BEHIND DELAY IN VOTE ON IMPORTANT BILLS AS LACK OF CONSENSUS BETWEEN POLITICAL BLOCS & MOST HAVING HAD 1ST READING AND AMENDING AND DESIRE TO EOLVE IN CURRENT LEGISLATIVE TERM..…JABOURI CONFIRMS PARLIAMENT INTENTION TO MAINTAIN DEMOCRATIC STRUCTURE AND ITS INSTITUTIONS…JUSTICE MINISTER TO BE ADDED TO PARL LEGAL COMMITTEE AS PANEL TO QUESTION MOD OBEIDI IN COMING DAYS…

SECURITY

ISLAMIC SUPREME COUNCIL LEADER HAKIM STATES THE BATTLE OF MOSUL WILL COMPLETELY BREAK THE BACKS OF ISIS AND MILITARY TERRORISM…INTERNATIONAL COALITION CONDUCTS 22 SORTIES ON IRAQ & SYRIA…KARBALA DIGGING SECURITY TRENCH 70 KM LONG ON IRS WESTERN BORDER…MINISTER OF PESHMERGA ANNOUNCES “OUR TROOPS WILL WITHDRAW FROM CITY OF MOSUL JUST AFTER THE LIBERATION…DEFENSE MINISTRY INVITES COLLEGE GRADUATES TO JOIN MILITARY WITH THE RANK OF LIEUTENANT…ISF AVIATION DEAL FATAL BLOW TO ISIS ELEMENTS AND PRESENCE IN KHALADILYA ISLAND KILLING DOZENS OF ISIS ELEMENTS AND DESTROYING HEADQUARTERS AND NUMEROUS BOOBY TRAPPED WHEELS…JABOURI CALLS FOR IMMEDIATE ACTIVATION OF PLANS TO CARE FOR THE NEWLY DISPLACED…US FORCES HELP ISF BUILD A BRIDGE OVER TIGRIS RIVER IN KEY STRATEGIC INITIATIVE FOR MOSUL LIBERATION BATTLE…GARVER STATES DISCOVERY OF “TREASURE TROVE” OF VALUABLE PAPERS AND DOCUMENTS REVEALING ISIS INTERNAL DATA IN SYRIAN TOWN MANJEB…

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

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

Maliki a “Corrupt Dictator”: MEP

BRUSSELS — Struan Stevenson, the President of the European Parliament’s Delegation for Relations with Iraq, described the former Iraqi PM Nouri al-Maliki as “a corrupt dictator” who led the country into a civil war.

Stevenson revealed some facts about the former Iraqi PM and how the Iraqi Shi’ite-led government waged sectarian war on Sunni citizens in the country as well as the level of Iran’s interference in Iraq. He said, ”Five years ago when I was elected as the chair of the delegation for relations with Iraq in this house [EU parliament] to cement good relations between the European Parliament and Iraq, to build a good sympathetic relationship, within a very few weeks I exposed the fact that Nouri al-Maliki is a corrupt dictator,” he said.

Stevenson explained that he was told by many people in Brussels to shut up because Iran, the US and the UK insisted on the fraudulent re-election of Nouri al-Maliki; ”But I refused to shut up.”

Maliki later accused him of being an enemy of Iraq and a liar in a press statement, but “he (Maliki) then sent an envoy from Baghdad to my office in the European Parliament to ask me what it would take to make me shut up and I said what it would take will be your resignation and your indictment for crimes against humanity”, Stevenson said.

In 2010, Maliki lost election to Ayad al-Allawi by two seats, but Iran did not allow Allawi to become the Iraqi PM since he was frequently criticizing Iran’s interference in Iraq’s affairs.

The US and the UK also supported Maliki to form a coalition and take the office, Stevenson revealed. “That was a short term mistake and it was a tragedy for Iraq and the whole region,” he argued.

Stevenson said that the new Iraqi PM Haidar al-Abadi has admitted that “there are over 1 million armed Shi’ite militia active in Iraq, which are backed, financed and led by the Quds force from Iran waging sectarian war on the Sunni population and then the world asks why is the Sunni tribes members in Anbar and Diyala are not standing up and fighting alongside the Iraqi army to get rid of ISIS?”.

“Because the Sunni people think that the Shi’ite militias are worse than ISIS” Stevenson believes.

“If we are serious about ridding the world of ISIS and if we are serious about encouraging the Sunnis in Iraq to join force with the Iraqi military and Peshmerga to help oust ISIS, and this is the only practical way that we can fight against ISIS, then we must get rid of the Iranian interference in Iraq,” he argued.

People’s Mojahedin Organization Of Iran (PMOI) has revealed 30,000 names of Iraqi Shi’ites who are working in the army, intelligence services, and in the administration of Iraq who have been trained and are being paid a weekly wage by Iran, said the EU official.

Read More: http://www.basnews.com/index.php/en/news/iraq/289976

Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”
7/29 “Tell all After Call” – w/BGG 

Smart phone user link – Click here

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Read More: http://www.dinarupdates.com/showthread.php?37362-Iraq-negotiations-complete-reshuffle-kicks-off-today-7-21

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

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

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

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

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

Forms of flotation

Either be floating or purely be directed:

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

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

Supporters of flotation

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

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

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

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

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

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

Context switching

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

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

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

Disappointment

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

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

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

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

Read More: http://www.dinarupdates.com/showthread.php?37660-What-does-it-mean-to-float-the-currency-7-25

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

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
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RCookie NEWS Recap
(from) MONDAY JULY 25TH, 2016

PARLIAMENT

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

GENERAL

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

SECURITY

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

INVESTMENT/ECONOMY/BUSINESS

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

Indicative rates – 07.29.2015

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 07-27-16

Currency Auctions Announcement No. 3246

This daily currency auction was held in the Central Bank of Iraq on the 07-27-2016

The results were as follows:

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

*** Current News ***

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

PARLIAMENT

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

GENERAL

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

SECURITY

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

INVESTMENT/ECONOMY/BUSINESS

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

The agenda of the parliamentary session for business on Tuesday

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Read More: http://www.dinarupdates.com/showthread.php?37362-Iraq-negotiations-complete-reshuffle-kicks-off-today-7-21

Dinar Updates “After Call – LIVE”!!

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

from 7/25 – Smart phone user link – Click here

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Agreement to develop the Iraqi banking cooperation – French

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

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

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

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

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

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

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

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

Read More: http://www.dinarupdates.com/showthread.php?37579-Agreement-to-develop-the-Iraqi-banking-cooperation-French

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

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

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

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

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

Forms of flotation

Either be floating or purely be directed:

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

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

Supporters of flotation

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

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

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

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

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

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

Context switching

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

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

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

Disappointment

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

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

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

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

Read More: http://www.dinarupdates.com/showthread.php?37660-What-does-it-mean-to-float-the-currency-7-25

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

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

SECURITY

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

GENERAL

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

PARLIAMENT

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

INVESTMENT/BUSINESS/ECONOMY

5 NEW OIL FIELDS DRILLED IN HALFAYA IN SOUTHEAST MAYSAN PROVINCE…RAFIDAIN BANK ASSERTS NEED TO ACTIVATE LOANS FOR SMALL PROJECTS TO REVIVE IRAQ’S NATIONAL ECONOMY…CBI ISSUES WARNING TO CITIZENS ABOUT MISREPRESENTATIONS ISSUED BY SCAMMERS OF INVALID TRANSFERS OF FUNDS FROM ABROAD….CBI ALLOWING FOR ESTABLISHMENT OF SOB’S TO SELL THE DOLLAR FOR TRAVELERS IN BAGHDAD AND PROVINCES…ISX ENDS SUNDAY SESSION ON RISE FINISHING UP 0.6% AT 556.66 UP 3.33 POINTS ON STRENGTH OF HOTEL AND BANKING SECTORS AFTER SHORTENED WEEKLY SESSION LAST WEEK DUE TO EXCESSIVE HEAT…DIWANIYAH GOVERNOR HASNAWI DISCUSSING OPENING OF WOMEN’S AND CHILDREN HOSPITAL WITH US COMPANIES…ISX ANNOUNCES SHARES FOR ASHUR INTERNATIONAL BANK LAUNCH AS OF MONDAY 7-25 SESSION….SALEH ANNOUNCES MOF WILL ISSUE BONDS FOR CONTRACTORS DUES TOTALING 5 TRILLION OF 7.6 TRILLION IQD THAT WILL BE INCLUDED IN 2017 BUDGET…IMF EXTENDS MOROCCO CREDIT LINE OF 3.5 BILLION DOLLARS FOR 2 YEARS…GOLD AT 217,000 IQD PIN ABUDSIRER WEIGHT…BAGHDAD MUNICIPALITY BEGINS TO OFFER 2400 RESIDENTIAL LAND PLOTS SCREENING…3 DAY PARIS BANKING CONFERENCE YIELDS MOU BETWEEN FRANCE & IRAQ DHI QAR IN JOINT EFFORT OF BANKING COOPERATION BETWEEN UNION OF BUSINESSMEN & IRAQI BUSINESS COUNCIL & INVESTMENT COMMISSION CHAIR ARAJI BETWEEN THE TWO AND SIGNAL IT SENDS TO INT’L COMMUNITY THAT WILL REFLECT POSITIVELY IN LABOR MARKET AFTER OBTAINING AGREEMENTS IRAQ HAS SIGNED SOON AND NOTING THE NEXT MEETING IN BAGHDAD WILL WITNESS THE START OF REAL BANKING COOPERATION BETWEEN BAGHDAD & PARIS OUTLINING EUROPEAN COUNTRIES PARTNERSHIP IN INVESTMENT PROCESS IN ENGAGING LOCAL & ARAB INVESTORS…
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Indicative rates – 07.27.2015

http://www.cbi.iq/

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

Word for the day…

Mrs. BGG

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

Currency Auctions Announcement No. 3245

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

The results were as follows:

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

*** Current News ***

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

PARLIAMENT

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

GENERAL

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

SECURITY

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

INVESTMENT/ECONOMY/BUSINESS

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

The agenda of the parliamentary session for business on Tuesday

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Read More: http://www.dinarupdates.com/showthread.php?37362-Iraq-negotiations-complete-reshuffle-kicks-off-today-7-21

Dinar Updates “After Call – LIVE”!!

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

Smart phone user link – Click here

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Agreement to develop the Iraqi banking cooperation – French

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

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

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

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

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

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

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

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

Read More: http://www.dinarupdates.com/showthread.php?37579-Agreement-to-develop-the-Iraqi-banking-cooperation-French

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

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

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

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

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

Forms of flotation

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

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

Supporters of flotation

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

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

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

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

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

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

Context switching

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

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

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

Disappointment

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

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

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

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

Read More: http://www.dinarupdates.com/showthread.php?37660-What-does-it-mean-to-float-the-currency-7-25

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

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

SECURITY

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

GENERAL

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

PARLIAMENT

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

INVESTMENT/BUSINESS/ECONOMY

5 NEW OIL FIELDS DRILLED IN HALFAYA IN SOUTHEAST MAYSAN PROVINCE…RAFIDAIN BANK ASSERTS NEED TO ACTIVATE LOANS FOR SMALL PROJECTS TO REVIVE IRAQ’S NATIONAL ECONOMY…CBI ISSUES WARNING TO CITIZENS ABOUT MISREPRESENTATIONS ISSUED BY SCAMMERS OF INVALID TRANSFERS OF FUNDS FROM ABROAD….CBI ALLOWING FOR ESTABLISHMENT OF SOB’S TO SELL THE DOLLAR FOR TRAVELERS IN BAGHDAD AND PROVINCES…ISX ENDS SUNDAY SESSION ON RISE FINISHING UP 0.6% AT 556.66 UP 3.33 POINTS ON STRENGTH OF HOTEL AND BANKING SECTORS AFTER SHORTENED WEEKLY SESSION LAST WEEK DUE TO EXCESSIVE HEAT…DIWANIYAH GOVERNOR HASNAWI DISCUSSING OPENING OF WOMEN’S AND CHILDREN HOSPITAL WITH US COMPANIES…ISX ANNOUNCES SHARES FOR ASHUR INTERNATIONAL BANK LAUNCH AS OF MONDAY 7-25 SESSION….SALEH ANNOUNCES MOF WILL ISSUE BONDS FOR CONTRACTORS DUES TOTALING 5 TRILLION OF 7.6 TRILLION IQD THAT WILL BE INCLUDED IN 2017 BUDGET…IMF EXTENDS MOROCCO CREDIT LINE OF 3.5 BILLION DOLLARS FOR 2 YEARS…GOLD AT 217,000 IQD PIN ABUDSIRER WEIGHT…BAGHDAD MUNICIPALITY BEGINS TO OFFER 2400 RESIDENTIAL LAND PLOTS SCREENING…3 DAY PARIS BANKING CONFERENCE YIELDS MOU BETWEEN FRANCE & IRAQ DHI QAR IN JOINT EFFORT OF BANKING COOPERATION BETWEEN UNION OF BUSINESSMEN & IRAQI BUSINESS COUNCIL & INVESTMENT COMMISSION CHAIR ARAJI BETWEEN THE TWO AND SIGNAL IT SENDS TO INT’L COMMUNITY THAT WILL REFLECT POSITIVELY IN LABOR MARKET AFTER OBTAINING AGREEMENTS IRAQ HAS SIGNED SOON AND NOTING THE NEXT MEETING IN BAGHDAD WILL WITNESS THE START OF REAL BANKING COOPERATION BETWEEN BAGHDAD & PARIS OUTLINING EUROPEAN COUNTRIES PARTNERSHIP IN INVESTMENT PROCESS IN ENGAGING LOCAL & ARAB INVESTORS…
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http://www.cbi.iq/

Indicative rates – 07.26.2015

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

Word for the day…

Mrs. BGG

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

Currency Auctions Announcement No. 3244

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

The results were as follows:

More: http://dinarupdates.com/observer/
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RCookie NEWS Recap
(from) SUNDAY JULY 24TH, 2016

SECURITY

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

GENERAL

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

PARLIAMENT

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

INVESTMENT/BUSINESS/ECONOMY

5 NEW OIL FIELDS DRILLED IN HALFAYA IN SOUTHEAST MAYSAN PROVINCE…RAFIDAIN BANK ASSERTS NEED TO ACTIVATE LOANS FOR SMALL PROJECTS TO REVIVE IRAQ’S NATIONAL ECONOMY…CBI ISSUES WARNING TO CITIZENS ABOUT MISREPRESENTATIONS ISSUED BY SCAMMERS OF INVALID TRANSFERS OF FUNDS FROM ABROAD….CBI ALLOWING FOR ESTABLISHMENT OF SOB’S TO SELL THE DOLLAR FOR TRAVELERS IN BAGHDAD AND PROVINCES…ISX ENDS SUNDAY SESSION ON RISE FINISHING UP 0.6% AT 556.66 UP 3.33 POINTS ON STRENGTH OF HOTEL AND BANKING SECTORS AFTER SHORTENED WEEKLY SESSION LAST WEEK DUE TO EXCESSIVE HEAT…DIWANIYAH GOVERNOR HASNAWI DISCUSSING OPENING OF WOMEN’S AND CHILDREN HOSPITAL WITH US COMPANIES…ISX ANNOUNCES SHARES FOR ASHUR INTERNATIONAL BANK LAUNCH AS OF MONDAY 7-25 SESSION….SALEH ANNOUNCES MOF WILL ISSUE BONDS FOR CONTRACTORS DUES TOTALING 5 TRILLION OF 7.6 TRILLION IQD THAT WILL BE INCLUDED IN 2017 BUDGET…IMF EXTENDS MOROCCO CREDIT LINE OF 3.5 BILLION DOLLARS FOR 2 YEARS…GOLD AT 217,000 IQD PIN ABUDSIRER WEIGHT…BAGHDAD MUNICIPALITY BEGINS TO OFFER 2400 RESIDENTIAL LAND PLOTS SCREENING…3 DAY PARIS BANKING CONFERENCE YIELDS MOU BETWEEN FRANCE & IRAQ DHI QAR IN JOINT EFFORT OF BANKING COOPERATION BETWEEN UNION OF BUSINESSMEN & IRAQI BUSINESS COUNCIL & INVESTMENT COMMISSION CHAIR ARAJI BETWEEN THE TWO AND SIGNAL IT SENDS TO INT’L COMMUNITY THAT WILL REFLECT POSITIVELY IN LABOR MARKET AFTER OBTAINING AGREEMENTS IRAQ HAS SIGNED SOON AND NOTING THE NEXT MEETING IN BAGHDAD WILL WITNESS THE START OF REAL BANKING COOPERATION BETWEEN BAGHDAD & PARIS OUTLINING EUROPEAN COUNTRIES PARTNERSHIP IN INVESTMENT PROCESS IN ENGAGING LOCAL & ARAB INVESTORS…

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

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

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

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

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

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

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

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

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

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

Read More: http://www.dinarupdates.com/showthread.php?37580-U-S-Iraqi-Kurdistan-MOU-signed-with-Baghdad%92s-support-and-approval

Dinar Updates “After Call – LIVE”!!

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

from 7/18 – Smart phone user link – Click here

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Agreement to develop the Iraqi banking cooperation – French

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

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

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

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

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

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

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

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

Read More: http://www.dinarupdates.com/showthread.php?37579-Agreement-to-develop-the-Iraqi-banking-cooperation-French

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

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

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

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

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

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

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

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

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

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

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

Read More: http://www.dinarupdates.com/showthread.php?37595-Governance-rules-discreet-expansion-equity-investments-7-24

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

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
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Hillary Emails, Gold Dinars and Arab Springs

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

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

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

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

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

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

Qaddafi’s gold dinar

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

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

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

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

Golden Dinar and more

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

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

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

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

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

‘United States of Africa’

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

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

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

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

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

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

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

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

Hillary’s ‘rebels’ create a central bank

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

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

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

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

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

New Gold Silk Road

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

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

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

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

Read More: http://journal-neo.org/2016/03/17/hillary-emails-gold-dinars-and-arab-springs/
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Indicative rates – 07.25.2015

http://www.cbi.iq/

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