Dinar Daily NEWS Blog – June 19th

Mosul on a date with an Iraqi victory

The Secretary General of the Democratic Peace Rally, Mohamed Iqbal Omar al-Sidli, on Sunday praised the important progress achieved by our armed forces in various formations in the squares of Mosul.

Iqbal said in a statement issued by his press office that “the storming of the old city of Mosul, which represents the last stronghold of the terrorist, is a welcome sign of the completion of the liberation of the province completely from the clutches of criminal gangs.” Drawn by the sacrifices and heroic heroism of our fighters. ”

Iqbal, according to the statement, that “the file of the liberation of Mosul, which reaches its end, begins with a new file more important, the file of construction and life and the treatment of remnants of political, intellectual and social,” calling for all conductive activities to prepare to have a positive role in this area.
The military information cell announced earlier Sunday that security forces had begun to storm the old city of Mosul to liberate the rest of its territory.

Read more: http://www.dinarupdates.com/showthread.php?50579-Mosul-on-a-date-with-an-Iraqi-victory

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Al-Abbadi is considering the development of economic relations in Saudi Arabia today

Economy News BAGHDAD, Stated Source Administrator at the government Iraq, Monday, That President board Ministers Haider Abadi Will look With Officials Saudis Activation Cooperat Economic development between The two countries .

And he said the source Which Preferred Non Detection About its name For “the economy News ” , ” The President board Ministers Haider Abadi Will go Today to me Saudi Arabia For research relations Economic development between The two countries , Indicating That ” Abadi He will call Companies Saudi Arabia to me Contribution at Re Emaar Iraq distance Edit it Permanently From group Calling . ”

He noted to me That ” Abadi Will look Also open port Border border between Iraq And Saudi Arabia And activation The tube Oil between The two countries , Pointing out to me That ” Iraq Seek to me Development His relations Commercial Economic development With Saudi Arabia During Period Downstream . ”

Read more: http://www.dinarupdates.com/showthread.php?50582-Al-Abbadi-is-considering-the-development-of-economic-relations-in-Saudi-Arabia-today
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Enorrste   Article:  “The central bank prepares banks and transfer 25 million per month”   Here is my take on this important development.  It occurred to me that what we are seeing here is a plan to use some of the reserves to reduce the money supply in Iraq. The article makes clear that there is not a corruption problem.  However, they are still putting some limits on the exchange (dinars for foreign currency).  Furthermore…the CBI is making it clear up front that the banks will not be allowed to take advantage of the public who wish to purchase foreign currency.  This means that they will be forced to give the foreign currency at the official rate rather than the market rate.  As word of this gets out there will be more and more people who will want to surrender their dinars at that rate, thus saving many dinars by getting the foreign currency below the market rate.   [post 1 of 3….stay tuned]

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

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MadDScout(Dinar Guru) –   Article:  “The Association of Private Banks appoints a temporary chairman”   Quote:  “the president of the association was accused by specialists on many charges, including providing false information to the Central Bank of Iraq to achieve personal benefits…”  I like this one because it speaks to internal house cleaning…House cleaning within the banking association.  It says that eventually being corrupt will be of no gain.

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

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Shabak Kurds of Nineveh want to be part of a new Kurdish state

A Kurdish Shabak group involved in Iraqi politics has asked the Kurdish presidency and Kurdistan Region to include them in the planned September 25 referendum on independence.

Salim Jumaa, head of the Shabak Peaceful Council List in the Iraqi parliament who has sent a message to Kurdistan Region President Masoud Barzani described Shabaks to Rudaw as “genuine Kurds” and said they should be included in the “future Kurdistan state.”

Jumaa said his people live in areas in the Nineveh plains that fall under Article 140 of the Iraqi constitution and they want to be part of the plan the Kurdistan Region has for independence.

“We would love to take part in the referendum along with our own people,” Jumaa told Rudaw, referring to the people of the Kurdistan Region.

He said they were hopeful that Barzani would approve their call as it is their “right to participate.”

“We want the 140 article to be over,” he said. “We want to return to the Kurdistan state.”

In a meeting with political parties on June 7 Barzani reached a consensus with the majority of Kurdistan parties to pick September 25 as a day people will decide whether or not to stay with Iraq.

He has since insisted that all areas previously called disputed territories will be included in the referendum and their populations will be free to choose to be part of a new Kurdish state or remain with Iraq.

Shabak Kurds live mostly in and around Mosul and they were subject to persecution and massacre by ISIS in 2014.

Karzan Jalal, head of the data department from the Independent High Electoral and Referendum Commission (IHERC) confirmed to Rudaw they were working on providing ballot boxes for people in the outlying areas of the Kurdistan Region such as Shabaks, Yezidis and Christians.

“Preparations for referendum in Kurdistan and areas outside the Kurdistan Region that are controlled by the Peshmerga is easy,” Jalal noted, adding in coordination with Iraqi government, they will put ballot boxes in areas run by Baghdad to “provide security for the voters.”

“We do this for all Kurds,” Jalal said, referring to the Yezdis, Shabaks and Kakais.

Read more: http://www.dinarupdates.com/showthread.php?50574-Shabak-Kurds-of-Nineveh-want-to-be-part-of-a-new-Kurdish-state

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Faith is taking the first step even when you don’t see the whole staircase. – Martin Luther King Jr.

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UPDATED: Iraqi army enters Old Mosul district from two sides

Iraqi forces call on ISIS militants to surrender For the last five days, Iraqi forces have been sending messages out over west Mosul via loud speakers urging ISIS militants to surrender.

The Iraqi Joint Command published a video of a message being read out over loud speaker to the people in west Mosul.

“The enemy is losing its positions. The enemy is losing its positions, one after the other.”

They also address ISIS directly, saying that if the militants surrender to Iraqi forces, they will find “proper protection.”

The message concludes that the “hour of victory has come.”

Fewer than 1,000 ISIS fighters are believed to remain in Old Mosul.

The final push for Old Mosul began at 6:00 in the morning, commander of the US-trained Counter-Terror Service Abdul Ghani al-Asadi told Rudaw on Sunday.

He said they faced “strong resistance” put up by ISIS in the beginning and they expect “slow progress” because of the narrow streets and densely populated areas.
The Iraqi army declared they broke the ISIS siege and entered the Old Mosul district from two neighborhoods.

Iraqi army forces entered the Old Mosul district from Bab al-Baith and Bab al-Lakash neighborhoods, Mohammed Mukhtar, spokesperson of the Iraqi Defense Ministry confirmed in a press conference.

To halt the army’s advances, ISIS has used 10 car bombs since the start of the operation earlier this morning, Mukhtar added.

ERBIL, Kurdistan Region – After a long siege, the Iraqi Army on Sunday launched a three-pronged final offensive against ISIS’s last pocket in Mosul, the Old Mosul district in the western half of the war-torn city.

The Iraqi Joint Operations Command announced that the army, Counter-Terror Forces (ICTS) and Iraqi Federal Police are taking part in the final battle to liberate the Old Mosul district.

Mahmood Saed, a commander from the Federal Police told Rudaw the operation was launched from three direction, north, south and east.

Saed expects a complete liberation of Mosul from ISIS in the coming days.

Yesterday, the Iraqi army announced after weeks of heavy fighting, the contested Shifa neighborhood was reclaimed in west Mosul, reducing the total number of pockets ISIS controlled to just one.

Iraqi troops came across tons of brand new medicine boxes in al-Shifa hospital in Mosul city on Saturday. Labels and tags on the medicine boxes show that they were manufactured by the Iraqi medicine factory of Samara only last year, raising questions about the network of the group that was able to bring in medicine from. Iraqi territories controlled by Iraqi forces into the city as early as August last year.

In a failed effort to break the Iraqi army’s siege, ISIS on Wednesday launched a wide-scale counterattack on the Iraqi army to break out of the Old Mosul district, where they are surrounded by Iraqi forces. The confrontation killed 11 Iraqi Federal Police and some 40 ISIS militants.

Old Mosul is where ISIS leader Abu Bakr al-Baghdadi declared the so-called Islamic Caliphate on June 29, 2014 in al-Nuri mosque.

The fight for Old Mosul is expected to be the hardest amid its old style houses and narrow alleys, and the bloodiest in a conflict that has already been marked by horrific civilian casualties.

With the start of the operation, it is expected the number of civilians fleeing the Old Mosul district will reach 150,000 refugees, according to Jasim Atiya, deputy minister of migration in Iraq.

The UN warned on Friday that up to 100,000 civilians remain trapped in the district with fears that the extremist group may use them as human shields.

The Federal Police commander assured trapped civilians that they have opened safe corridors for them.

The Iraqi army also announced on Saturday it had recaptured the Walidiya border gate between the Iraqi-Syrian border following a joint operation from three fronts between the Iraqi army, Hashd al-Asahaari, backed by the Iraqi air force and US-led global coalition against ISIS.

Read more: http://www.dinarupdates.com/showthread.php?50573-UPDATED-Iraqi-army-enters-Old-Mosul-district-from-two-sides

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Iraq invites 10,000 companies to participate in Baghdad International Fair

Announced Company the public For exhibitions And services Commercial Iraq, Thursday, Directed Invitations For more From 10 Thousands a company To participate at Exhibition Baghdad International .

And he said Director Company the public For exhibitions And services Commercial Iraq Hashem Mohammed at Declaration Journalist Received ” economy News ” version from him, The ” Angels Company ongoing Operation Marketing Field To promote Of the session The 44th exhibition Baghdad International Which Will be held Under Logo ( free us Our land With your cooperation We build ) during Month October the first Next according to plan Well thought out To polarize Larger Number From Companies To participate The course International according to Base data Available I have Company Which Reaches Number More From ten Thousands a company Destination met him Increase “.

“He added That ” process Marketing Were represented at Procedure Visits Field Areas Commercial at Baghdad Which Exist In which Companies Large Known And owns Agencies For companies Foreign And she has Record Posts Featured at Courses Exhibition Baghdad International Former “.

“He was sent Invitations Participation Attached Instructions Special Participating In both languages Arabic And English to me all Companies And authorities Available Data we’ve got And their number More From ten Thousands a company Destination As a meal First “.

Read more: http://www.dinarupdates.com/showthread.php?50375-Iraq-invites-10-000-companies-to-participate-in-Baghdad-International-Fair

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Turkey offers Iraq reconstruction of Mosul

The spokesman for the Turkish President, Ibrahim Kalin, said that Turkey is ready to help Iraq in the reconstruction of Mosul after the liberation of the militants of the “Isis” terrorist.

“We are ready after the end of the process of liberating Mosul completely to rebuild it in addition to building what is destroyed in other Iraqi cities,” Kalin told a news conference in Ankara.

It is noteworthy that the Iraqi army and security forces in addition to the popular mobilization forces headed by the airlift supported by the US-led coalition aircraft and the Iraqi air force, towards the old neighborhoods in Mosul, the last remaining under the control of the terrorist organization “Isis”.

The remaining neighborhoods under the control of the organization’s militants were announced in the western part of Mosul on May 27, and 180,000 civilians are still trapped in those neighborhoods and used by the organization’s militants as human shields.
According to the Iraqi Operations Command, only 500 terrorists remained in the city.

Read more: http://www.dinarupdates.com/showthread.php?50369-Turkey-offers-Iraq-reconstruction-of-Mosul

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BGG   [kinda get the feeling that this is never gona happen and eventually they will go to the dollar.With all the support and conversation with the IMF – WB – UN… that is not the posture they are preparing…everything they are (the above mentioned groups) projecting lately is the image of progress.

Read more:  http://www.dinarupdates.com/observer/
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BGG (Dinar Guru) –    Mosul is it… I have said all along…I would like to see what the news cycle looks like right after Mosul is done.   I had some guy message me “why is Mosul taking so long“?   They are dug in – they know they will die and have NOTHING TO LOSE…this may take just a bit..let’s all just take a breath and let this whole thing play out…and then… I also said – I want to get a feel for what the News Cycles look like after – for a week or two…this will be the tale of the tape.  …sit back…and let them do their thing…and BTW – it’s not like they haven’t told us in so many ways – what they intend to do.  They have – over and over and over and over.

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

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The first investment conference was held for the end of July

Trend Press / Baghdad The Chairman of the Sub-Committee for Investment in the House of Representatives Burhan Mamouri agreed with the National Investment Commission to hold a special investment conference in Diyala province to view all investment opportunities in the province and in various sectors.

Al-Maamouri said in a statement received by “Trend Press” on a copy of it, “he met with the President of the National Investment Commission Sami Araji and it was agreed to hold a special investment conference in Diyala in late July or early August, which will be presented all the investment opportunities available in the province and include various sectors “Agricultural, industrial, health, education, transport, public services, infrastructure projects, housing,” noting that “a committee formed in the National Investment Commission for the preparation and urbanization of this conference.”

He added that “the trend towards investment is the only solution to improve the service and urban reality of the province and funding new projects in the field of infrastructure and job creation for young people, especially in the light of low oil prices and the absence of a state budget to finance these projects, noting that the province and during the past three years did not receive any Amounts within the general budget, which led to the cessation of all projects and the inability to maintain the service needs of citizens with increasing population growth in addition to the widespread phenomenon of unemployment among young people.

Al-Mamouri said that the committee of economy and investment parliamentary was able to complete the new investment law and vote on it in the House of Representatives, which is one of the best investment laws since the emergence of the Iraqi state, where exceeded all previous problems that were impeding the process of investment in all areas and provided facilities and privileges for large domestic and foreign investors And work at the beginning of a single window in coordination with the National Investment Commission. ”

He called on “all local and foreign investors to participate in the conference and to see the investment opportunities available in the province of Diyala, noting that the province has a large natural and human resources and a location that allows it to play an important role in the trade process being the link between the north and center of the country and has border crossings with The Islamic Republic of Iran in addition to its proximity to the capital Baghdad. ”

Read more: http://www.dinarupdates.com/showthread.php?50378-The-first-investment-conference-was-held-for-the-end-of-July

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Election of Iraq to the Governing Council of the International Labor Organization

Trend Press / Baghdad The State Department announced on Thursday that Iraq was elected as an alternate member of the ILO Governing Body for the 2017-2020 term for the West Asian Group.

“Iraq was elected an alternate member of the ILO Governing Body for the period 2017-2020 for the West Asia Sub-Group during the elections held during the 106th Session of the International Labor Conference At the organization’s headquarters in Geneva. ”

The statement added that “Iraq has 210 votes out of 253 votes, although the number of votes required on the complex is 127, which makes the second Iraq on his group (ASPAG).”

The statement said that “this victory in the framework of the efforts of the State Department to mobilize international support and support to restore Iraq to its leading position in the international community and access to advanced positions in the United Nations and its competent agencies.”

Read more: http://www.dinarupdates.com/showthread.php?50379-Election-of-Iraq-to-the-Governing-Council-of-the-International-Labor-Organization
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The Iraqi parliament welcomes the adoption of trade for the first time on two articles of supply from the local product

A member of the House of Representatives Hammam Hamoudi welcomed the adoption by the Ministry of Commerce on the local product in the provision of ration card items of “sugar and edible oil” for the first time since 2003, considering it an important step towards supporting the national product and stopping the external importer.

Hamoudi stressed the need to continue this step and expand it in order to contribute to the advancement of the processing of food “Iraqi” through the factories of the national stalled and the workers sincere and adapted to the needs of the citizen.

Read more:  http://www.dinarupdates.com/showthread.php?50289-The-Iraqi-parliament-welcomes-the-adoption-of-trade-for-the-first-time-on-two-article

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Kaperoni (Dinar Guru)   […is it better for Iraq to rebuild itself at the present rate or at a re- established rate?]   …at this point and time, it does not matter what the exchange rate is regarding rebuilding…since the primary source of revenue is oil sales (95%) which is paid in dollars.  And since the dinar is not globally convertible, Iraq pays for goods in dollars.  So in that sense they are on the same playing field we are on in the US when we pay for goods.   The real benefit comes when the CBI can begin to raise the value to offset inflationary pressure created by investors and investment along with meeting  IMF Article VIII compliance.  The result will eventually give the citizens a better life, greater purchasing power and most importantly the ability for the CBI to keep its dollars and pay in dinars. 

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

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Cabinet votes to release salaries of Nineveh employees

[Asharq Al-Awsat] The Iraqi Council of Ministers voted during its weekly session on Tuesday to release the salaries of Nineveh province employees who have been found not to be linked to the organization.

A statement issued by the office of Prime Minister Haider al-Abbadi and told Ashqaf News that the vote on the release of salaries of employees of the province of Nineveh, who checked security by the security audit team of the Ministry of Interior or by the national security.

The Council also voted to approve the recommendation of the emergency meeting of the Civil Crisis Management Unit concerning the exclusion of the Ministry of Construction, Housing, Municipalities, Public Works and the Municipality of Baghdad in paragraph (3) of the Council of Ministers Resolution No. 329 of 2015, 2017 for purposes of water purification exclusively.

A position was also presented to prepare the employees who received their salaries in the liberated areas and to prepare those who did not receive their salaries with a statement of reasons.

The Council decided to form an operations room in the Ministry of Finance to resolve the problems that appear when the Ministry of Finance audit of payroll lists and continue its work after the official working hours until the completion of the task in the presence of directors of formations responsible for salaries from ministries whose salaries were delayed in Nineveh province.

The Council of Ministers instructed the Ministry of Health to complete the required numbers for grades (central appointments) and submit them to the Ministry of Finance and the Ministry of Finance to include the required allocations within the supplementary budget for 2017.

A vote was also made on the payment of dues to the truck drivers of the Ministry of Commerce, which contributes to support the security forces.

The vote on funding allocations of the Ministry of Education, and directing the Ministry of Finance to open documentary credit for the purchase of textbooks in the form of financial optimization and depending on the allocations approved by the Ministry.

The Council discussed the treatment of traffic jams in the province of Baghdad and was presented a study at the short, medium and long.

Read more: http://www.dinarupdates.com/showthread.php?50286-Cabinet-votes-to-release-salaries-of-Nineveh-employees

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BGG (Dinar Guru) –   “Our economy is space. Monetary policy is an example”  The…article is a VERY HARD translation – BUT IMHO FILLED with DEAD GIVE-AWAYS!  …for those pouting about not being rich yet – this is one more log on the FIRE!  What it means is – they are doing things (up until now) this economist doesn’t understand and can’t explain.  Quotes:  “…we urgently need a new economic philosophy that leads to generating development And to expand the supply and demand for local production in all its variants, especially in an important aspect of monetary policy is dealing with the value of the development of the dinar or the liberation of the value of the dinar...”  “The liberalization or floating of the currency is not strange or innovative in the money market, it is a tool of the monetary policy…”  BOOOOM…That’s all I have to say. That is a DIRECT narrative on the state of the currency value in Iraq. This was published yesterday.  Cannot be anymore direct.

Read more: http://www.dinarupdates.com/observer
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Grant for the development of Iraqi ports

Economy News _ Baghdad: The Ministry of Transport announced Thursday that it has received a grant from the United Nations Educational, Scientific and Cultural Organization (UNESCO) for the rehabilitation and development of ports in the country.

The Director of Media Iraqi Ports Company of the Ministry, Nimr Abdel-Moneim net in a press statement received by “Economy News”, “The company is in receipt of a grant by the United Nations (UNICTAD) of the United Nations, to develop the reality of ports in the country, Lists the needs and requirements of all ports, in addition to the requirements of the Institute of ports of equipment and training devices, noting that the Institute continues to establish training courses to develop the capabilities of the staff working in this area.

He added that the company is working within the framework of an expanded plan to develop and qualify all ports in the country in order to raise the financial revenues of the company in particular and the treasury of the state in general, pointing out at the same time that it intends to establish a container terminal at the port of Faw after the arrival of the project of the Caspian East and West stages Advanced achievement “.

Al-Safi pointed out that “the company has implemented several projects during the past period, contributed to improving the financial reality, including projects, the establishment of new berths and improve the depth drilling to allow the entry of giant vessels to increase the movement of trade.”

He explained that “ports are at the time besieging an important commercial center in the transport of goods, especially as the country enjoys an important strategic position, which contributes to the increase of ports, which is becoming an important economic resource for the country and provide job opportunities for the unemployed.

The province of Basra has a number of ports, Umm Qasr, Khor al-Zubayr and Abu Flus, and the stronghold, while work is underway on the completion of the port of Faw to be one of the largest ports in the region.

Read more: http://www.dinarupdates.com/showthread.php?50373-Grant-for-the-development-of-Iraqi-ports

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

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

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

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

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

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

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

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

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Iraqi Dinar/Dollar auction 06-19-17 (most recent listing)

Currency Auctions Announcement No. 3468

This daily currency auction was held in the Central Bank of Iraq on the 06-18-2017

DETAILS NOTES
Number of banks 38
Number of remittance companies 10
Amount sold at auction price (US$) 165,727,169
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 165,727,169*
Total offers for selling (US$) —–

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

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CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1322.173 1321.512
British pound GBP 1512.797 1512.040
Canadian dollar CAD 896.087 895.639
Swiss franc CHF 1215.481 1214.873
Swedish krona SEK 135.409 135.341
Norwegian krone NOK 139.743 139.673
Danish krone DKK 177.804 177.716
Japanese yen JPY 10.659 10.654
Special
Drawing Rights
SDR 1634.962 1634.144

Indicative rates – 06.18.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – June 18th

Federal Troops are Penetrating Deep into the Old City of Mosul

Federal police chief Major-General Raid Shaker Jawdat announced Sunday that federal police troops are penetrating deep into the Old City by the Bab al-Bayd.

In a statement received by Al-Ghad Press, Jawdat said that “the federal police units are penetrating 100 meters deep into the old city on the Bab al-Bayd side under a missile attack targeting the defenses of Al-Dawash.

Federal police battalions are battling fierce battles in the Old City on the right side of the city of Mosul to liberate them from the control of the terrorist to declare the final victory and expel elements of the terrorist organization from Nineveh province.

Read more: http://www.dinarupdates.com/showthread.php?50552-Federal-Troops-are-Penetrating-Deep-into-the-Old-City

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Disclosure (financial promises) from the United Nations for reconstruction

Orient – News Section: The Committee on Economy and Investment parliamentary, on Friday, the promises of the United Nations to help Iraq from its financial allocations for the reconstruction of areas affected by terrorism, stressing that the size of budgets for the coming years is not enough without international support.

Committee member Najeeb Najib said that “the federal budgets are not enough to reconstruct the areas destroyed by the Dahesh,” noting that “the international community has the responsibility to help Iraq financially in the reconstruction,” adding that “the reconstruction process must be studied in a realistic way, Including the removal of mines and rubble and the creation of cities to become livable. ”

“Iraq has received a promise from the United Nations special grant of its budget, and European countries as well as the United States of America promised us financial assistance for reconstruction,” noting that “Iraq fought terrorism on behalf of the world and our support for their duty.”

“Fighting the corruption and spending the money in its rightful place is the first challenge facing Iraq to complete the reconstruction process,” she said, adding that “the areas that have been damaged as a result of receiving and caring for the displaced are supposed to have a share of these funds.”

Read more: http://www.dinarupdates.com/showthread.php?50489-Disclosure-(financial-promises)-from-the-United-Nations-for-reconstruction
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Enorrste   Article:  “The central bank prepares banks and transfer 25 million per month”   Here is my take on this important development.  It occurred to me that what we are seeing here is a plan to use some of the reserves to reduce the money supply in Iraq. The article makes clear that there is not a corruption problem.  However, they are still putting some limits on the exchange (dinars for foreign currency).  Furthermore…the CBI is making it clear up front that the banks will not be allowed to take advantage of the public who wish to purchase foreign currency.  This means that they will be forced to give the foreign currency at the official rate rather than the market rate.  As word of this gets out there will be more and more people who will want to surrender their dinars at that rate, thus saving many dinars by getting the foreign currency below the market rate.   [post 1 of 3….stay tuned]

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

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MadDScout(Dinar Guru) –   Article:  “The Association of Private Banks appoints a temporary chairman”   Quote:  “the president of the association was accused by specialists on many charges, including providing false information to the Central Bank of Iraq to achieve personal benefits…”  I like this one because it speaks to internal house cleaning…House cleaning within the banking association.  It says that eventually being corrupt will be of no gain.

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

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Belgium extends its mission against IS in Iraq and Syria

Belgian Prime Minister Charles Michel announced, on Saturday, that his country decided to extend its mission within the US-led international coalition fighting the Islamic State (IS) in Iraq and Syria.

Michel said that Belgium is an important part of the international coalition against the Islamic State, while added that the Belgian government will allocate 17 million Euros for the military operations against the extremist group.

The current Belgian mission in Iraq and Syria to fight the Islamic State was planned to end this month, but the government decided to extend it for six more months until the end of 2017, Michel explained.

Michek also revealed that the Belgian military will send four F-16 fighter jets along with 100 troops to a base in Jordan to take part in the war against IS in Iraq and Syria.

Read more: http://www.dinarupdates.com/showthread.php?50497-Belgium-extends-its-mission-against-IS-in-Iraq-and-Syria

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Faith is taking the first step even when you don’t see the whole staircase. – Martin Luther King Jr.

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The Central Bank equips banks and transfer companies with 25 million monthly

The central bank currently meets the foreign currency traveler’s quotas through banks and financial transfer companies by 25 million dollars a month, but this process is still surrounded by a lot of impurities, the most important is that some people receive more than the quota (3000 dollars) at a time others can not get Even though they have submitted all the documents required to complete the currency purchase. According to specialists in the economic affairs, all the controls and instructions of the Central Bank and the continuous monitoring to control and facilitate this process, will not be able to control the manipulation in this process, because the documents traveler reaches the Central Bank justified by the Bank can not take any action. These specialists confirm that the elimination of the manipulation will be done only through the application of the comprehensive banking system.

The central bank had launched in 2012 the sale of foreign currency to travelers out of the country by 5000 dinars for tourism and 10 thousand for treatment and then returned last year, and reduced the amount to 3000 dollars, because of the financial crisis experienced by the country. The bank stressed repeatedly that the sale should be completed after the completion of all required documents, and pointed to the possibility of providing the traveler request to the bank in case of need for a larger amount, and warned banks and financial transfer companies from manipulation of quotas, but all that did not work, still Many people find it difficult to get their quotas.

According to economic expert Majid al-Suri in an interview with (the extent), that according to the instructions of the new Central Bank, the citizen holder of the ticket and passport must be the holder of these documents to get the dollar amounts for travel, and no one may come with thirty-four passport To receive the currency, and determined that the holder of the passport is the one who buys the amount allocated to him from the currency only, but despite all these controls and control are still many irregularities, because control is a difficult process, when the documents are justified and present here can not take any A measure, but said: a question At the time it should have been essential, especially since there are beneficiaries of the corruption process taking place in the traveler’s share of the currency, and the manipulation is being done through relations with some bank employees in order to carry out this process; Companies are involved in the matter, which necessitates the central bank to implement the comprehensive banking system, because without this system will not have the ability to monitor all the sale of currency to passengers, expected at the end of his speech, the implementation of the comprehensive banking system soon.

For his part, Director of the Accounting Department at the Central Bank Ihsan Shamran al-Yasiri, said in an interview with (the extent), that the Central Bank currently gives amounts to banks to meet the shares of travelers of the currency, up to 25 million dollars are distributed to banks and companies, which depends on the size of the quota given For the traveler, which is $ 3000 per citizen is willing to travel, not to be repeated the process during the month more than once, stressing: The number of beneficiaries of the sale of the currency may reach hundreds or thousands sometimes, and all banks take these quotas, whether the eligibility Or government, but the largest share is given to private banks.

Yassir admits that the beneficiaries of this system may face some problems with banks, but the process of corruption in its broad range is excluded, continuing to say: As far as the Central Bank is concerned, there is no corruption in this matter. It has set controls, instructions and standards that work according to them. Yes, there may be a failure due to misconduct by companies or complicity with citizens, which is an ongoing issue in all economies, and can not be controlled, but according to the controls also, the citizen who lodges a complaint to the Central Bank not to sell the dollar by the banking company or bank, Here the company must be fined and the money recovered from it and the citizen is compensated for any difference in price.

Read more: http://www.dinarupdates.com/showthread.php?50381-The-Central-Bank-equips-banks-and-transfer-companies-with-25-million-monthly

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Iraq invites 10,000 companies to participate in Baghdad International Fair

Announced Company the public For exhibitions And services Commercial Iraq, Thursday, Directed Invitations For more From 10 Thousands a company To participate at Exhibition Baghdad International .

And he said Director Company the public For exhibitions And services Commercial Iraq Hashem Mohammed at Declaration Journalist Received ” economy News ” version from him, The ” Angels Company ongoing Operation Marketing Field To promote Of the session The 44th exhibition Baghdad International Which Will be held Under Logo ( free us Our land With your cooperation We build ) during Month October the first Next according to plan Well thought out To polarize Larger Number From Companies To participate The course International according to Base data Available I have Company Which Reaches Number More From ten Thousands a company Destination met him Increase “.

“He added That ” process Marketing Were represented at Procedure Visits Field Areas Commercial at Baghdad Which Exist In which Companies Large Known And owns Agencies For companies Foreign And she has Record Posts Featured at Courses Exhibition Baghdad International Former “.

“He was sent Invitations Participation Attached Instructions Special Participating In both languages Arabic And English to me all Companies And authorities Available Data we’ve got And their number More From ten Thousands a company Destination As a meal First “.

Read more: http://www.dinarupdates.com/showthread.php?50375-Iraq-invites-10-000-companies-to-participate-in-Baghdad-International-Fair

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Turkey offers Iraq reconstruction of Mosul

The spokesman for the Turkish President, Ibrahim Kalin, said that Turkey is ready to help Iraq in the reconstruction of Mosul after the liberation of the militants of the “Isis” terrorist.

“We are ready after the end of the process of liberating Mosul completely to rebuild it in addition to building what is destroyed in other Iraqi cities,” Kalin told a news conference in Ankara.

It is noteworthy that the Iraqi army and security forces in addition to the popular mobilization forces headed by the airlift supported by the US-led coalition aircraft and the Iraqi air force, towards the old neighborhoods in Mosul, the last remaining under the control of the terrorist organization “Isis”.

The remaining neighborhoods under the control of the organization’s militants were announced in the western part of Mosul on May 27, and 180,000 civilians are still trapped in those neighborhoods and used by the organization’s militants as human shields.
According to the Iraqi Operations Command, only 500 terrorists remained in the city.

Read more: http://www.dinarupdates.com/showthread.php?50369-Turkey-offers-Iraq-reconstruction-of-Mosul

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BGG   [kinda get the feeling that this is never gona happen and eventually they will go to the dollar.With all the support and conversation with the IMF – WB – UN… that is not the posture they are preparing…everything they are (the above mentioned groups) projecting lately is the image of progress.

Read more:  http://www.dinarupdates.com/observer/
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BGG (Dinar Guru) –    Mosul is it… I have said all along…I would like to see what the news cycle looks like right after Mosul is done.   I had some guy message me “why is Mosul taking so long“?   They are dug in – they know they will die and have NOTHING TO LOSE…this may take just a bit..let’s all just take a breath and let this whole thing play out…and then… I also said – I want to get a feel for what the News Cycles look like after – for a week or two…this will be the tale of the tape.  …sit back…and let them do their thing…and BTW – it’s not like they haven’t told us in so many ways – what they intend to do.  They have – over and over and over and over.

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

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The first investment conference was held for the end of July

Trend Press / Baghdad The Chairman of the Sub-Committee for Investment in the House of Representatives Burhan Mamouri agreed with the National Investment Commission to hold a special investment conference in Diyala province to view all investment opportunities in the province and in various sectors.

Al-Maamouri said in a statement received by “Trend Press” on a copy of it, “he met with the President of the National Investment Commission Sami Araji and it was agreed to hold a special investment conference in Diyala in late July or early August, which will be presented all the investment opportunities available in the province and include various sectors “Agricultural, industrial, health, education, transport, public services, infrastructure projects, housing,” noting that “a committee formed in the National Investment Commission for the preparation and urbanization of this conference.”

He added that “the trend towards investment is the only solution to improve the service and urban reality of the province and funding new projects in the field of infrastructure and job creation for young people, especially in the light of low oil prices and the absence of a state budget to finance these projects, noting that the province and during the past three years did not receive any Amounts within the general budget, which led to the cessation of all projects and the inability to maintain the service needs of citizens with increasing population growth in addition to the widespread phenomenon of unemployment among young people.

Al-Mamouri said that the committee of economy and investment parliamentary was able to complete the new investment law and vote on it in the House of Representatives, which is one of the best investment laws since the emergence of the Iraqi state, where exceeded all previous problems that were impeding the process of investment in all areas and provided facilities and privileges for large domestic and foreign investors And work at the beginning of a single window in coordination with the National Investment Commission. ”

He called on “all local and foreign investors to participate in the conference and to see the investment opportunities available in the province of Diyala, noting that the province has a large natural and human resources and a location that allows it to play an important role in the trade process being the link between the north and center of the country and has border crossings with The Islamic Republic of Iran in addition to its proximity to the capital Baghdad. ”

Read more: http://www.dinarupdates.com/showthread.php?50378-The-first-investment-conference-was-held-for-the-end-of-July

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Election of Iraq to the Governing Council of the International Labor Organization

Trend Press / Baghdad The State Department announced on Thursday that Iraq was elected as an alternate member of the ILO Governing Body for the 2017-2020 term for the West Asian Group.

“Iraq was elected an alternate member of the ILO Governing Body for the period 2017-2020 for the West Asia Sub-Group during the elections held during the 106th Session of the International Labor Conference At the organization’s headquarters in Geneva. ”

The statement added that “Iraq has 210 votes out of 253 votes, although the number of votes required on the complex is 127, which makes the second Iraq on his group (ASPAG).”

The statement said that “this victory in the framework of the efforts of the State Department to mobilize international support and support to restore Iraq to its leading position in the international community and access to advanced positions in the United Nations and its competent agencies.”

Read more: http://www.dinarupdates.com/showthread.php?50379-Election-of-Iraq-to-the-Governing-Council-of-the-International-Labor-Organization
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The Iraqi parliament welcomes the adoption of trade for the first time on two articles of supply from the local product

A member of the House of Representatives Hammam Hamoudi welcomed the adoption by the Ministry of Commerce on the local product in the provision of ration card items of “sugar and edible oil” for the first time since 2003, considering it an important step towards supporting the national product and stopping the external importer.

Hamoudi stressed the need to continue this step and expand it in order to contribute to the advancement of the processing of food “Iraqi” through the factories of the national stalled and the workers sincere and adapted to the needs of the citizen.

Read more:  http://www.dinarupdates.com/showthread.php?50289-The-Iraqi-parliament-welcomes-the-adoption-of-trade-for-the-first-time-on-two-article

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Kaperoni (Dinar Guru)   […is it better for Iraq to rebuild itself at the present rate or at a re- established rate?]   …at this point and time, it does not matter what the exchange rate is regarding rebuilding…since the primary source of revenue is oil sales (95%) which is paid in dollars.  And since the dinar is not globally convertible, Iraq pays for goods in dollars.  So in that sense they are on the same playing field we are on in the US when we pay for goods.   The real benefit comes when the CBI can begin to raise the value to offset inflationary pressure created by investors and investment along with meeting  IMF Article VIII compliance.  The result will eventually give the citizens a better life, greater purchasing power and most importantly the ability for the CBI to keep its dollars and pay in dinars. 

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

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Cabinet votes to release salaries of Nineveh employees

[Asharq Al-Awsat] The Iraqi Council of Ministers voted during its weekly session on Tuesday to release the salaries of Nineveh province employees who have been found not to be linked to the organization.

A statement issued by the office of Prime Minister Haider al-Abbadi and told Ashqaf News that the vote on the release of salaries of employees of the province of Nineveh, who checked security by the security audit team of the Ministry of Interior or by the national security.

The Council also voted to approve the recommendation of the emergency meeting of the Civil Crisis Management Unit concerning the exclusion of the Ministry of Construction, Housing, Municipalities, Public Works and the Municipality of Baghdad in paragraph (3) of the Council of Ministers Resolution No. 329 of 2015, 2017 for purposes of water purification exclusively.

A position was also presented to prepare the employees who received their salaries in the liberated areas and to prepare those who did not receive their salaries with a statement of reasons.

The Council decided to form an operations room in the Ministry of Finance to resolve the problems that appear when the Ministry of Finance audit of payroll lists and continue its work after the official working hours until the completion of the task in the presence of directors of formations responsible for salaries from ministries whose salaries were delayed in Nineveh province.

The Council of Ministers instructed the Ministry of Health to complete the required numbers for grades (central appointments) and submit them to the Ministry of Finance and the Ministry of Finance to include the required allocations within the supplementary budget for 2017.

A vote was also made on the payment of dues to the truck drivers of the Ministry of Commerce, which contributes to support the security forces.

The vote on funding allocations of the Ministry of Education, and directing the Ministry of Finance to open documentary credit for the purchase of textbooks in the form of financial optimization and depending on the allocations approved by the Ministry.

The Council discussed the treatment of traffic jams in the province of Baghdad and was presented a study at the short, medium and long.

Read more: http://www.dinarupdates.com/showthread.php?50286-Cabinet-votes-to-release-salaries-of-Nineveh-employees

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BGG (Dinar Guru) –   “Our economy is space. Monetary policy is an example”  The…article is a VERY HARD translation – BUT IMHO FILLED with DEAD GIVE-AWAYS!  …for those pouting about not being rich yet – this is one more log on the FIRE!  What it means is – they are doing things (up until now) this economist doesn’t understand and can’t explain.  Quotes:  “…we urgently need a new economic philosophy that leads to generating development And to expand the supply and demand for local production in all its variants, especially in an important aspect of monetary policy is dealing with the value of the development of the dinar or the liberation of the value of the dinar...”  “The liberalization or floating of the currency is not strange or innovative in the money market, it is a tool of the monetary policy…”  BOOOOM…That’s all I have to say. That is a DIRECT narrative on the state of the currency value in Iraq. This was published yesterday.  Cannot be anymore direct.

Read more: http://www.dinarupdates.com/observer
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Grant for the development of Iraqi ports

Economy News _ Baghdad: The Ministry of Transport announced Thursday that it has received a grant from the United Nations Educational, Scientific and Cultural Organization (UNESCO) for the rehabilitation and development of ports in the country.

The Director of Media Iraqi Ports Company of the Ministry, Nimr Abdel-Moneim net in a press statement received by “Economy News”, “The company is in receipt of a grant by the United Nations (UNICTAD) of the United Nations, to develop the reality of ports in the country, Lists the needs and requirements of all ports, in addition to the requirements of the Institute of ports of equipment and training devices, noting that the Institute continues to establish training courses to develop the capabilities of the staff working in this area.

He added that the company is working within the framework of an expanded plan to develop and qualify all ports in the country in order to raise the financial revenues of the company in particular and the treasury of the state in general, pointing out at the same time that it intends to establish a container terminal at the port of Faw after the arrival of the project of the Caspian East and West stages Advanced achievement “.

Al-Safi pointed out that “the company has implemented several projects during the past period, contributed to improving the financial reality, including projects, the establishment of new berths and improve the depth drilling to allow the entry of giant vessels to increase the movement of trade.”

He explained that “ports are at the time besieging an important commercial center in the transport of goods, especially as the country enjoys an important strategic position, which contributes to the increase of ports, which is becoming an important economic resource for the country and provide job opportunities for the unemployed.

The province of Basra has a number of ports, Umm Qasr, Khor al-Zubayr and Abu Flus, and the stronghold, while work is underway on the completion of the port of Faw to be one of the largest ports in the region.

Read more: http://www.dinarupdates.com/showthread.php?50373-Grant-for-the-development-of-Iraqi-ports

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

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

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

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

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

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

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

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

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

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Iraqi Dinar/Dollar auction 06-15-17 (most recent listing)

Currency Auctions Announcement No. 3466

This daily currency auction was held in the Central Bank of Iraq on the 06-15-2017

DETAILS NOTES
Number of banks 40
Number of remittance companies 10
Amount sold at auction price (US$) 165,143,468
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 165,143,468
Total offers for selling (US$) —–

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

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CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1326.435 1325.772
British pound GBP 1506.936 1506.183
Canadian dollar CAD 894.057 893.610
Swiss franc CHF 1220.619 1220.008
Swedish krona SEK 136.365 136.297
Norwegian krone NOK 140.900 140.830
Danish krone DKK 178.372 178.283
Japanese yen JPY 10.759 10.759
Special
Drawing Rights
SDR 1637.389 1637.389

Indicative rates – 06.15.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – June 17th

Iraqi army launches operation to clear western Anbar regions from IS

A military operation was launched to drive Islamic State militants out of western regions in Anbar province, a senior Iraqi officer was quoted as saying.

“Military offensive was launched on Saturday to clear Annah and Rawa cities, west of Anbar. Eight IS militants were killed after troops invaded these regions and destroyed three booby-trapped vehicles,” Maj.Gen.Noaman al-Wube’y, commander of the seventh division of the Iraqi army in Anbar told DPA.

The operation, according to Wube’y, is ongoing to clear the regions in west of Anbar.

Meanwhile, Anbar Operations Command declared foiling an attack by IS against military troops west of Rutba in Anbar.

Speaking to AlSumaria News on Saturday, Maj.Gen. Mahmoud al-Falahi said “the first division of army thwarted an attack by IS against units in Okshat crossroads, west of Rutba.”

“Two IS vehicles were destroyed, while militants inside were killed,” he added.

Iraqi troops were able to return life back to normal in the biggest cities of Anbar including Fallujah, Ramadi and others after recapturing them. However, Anbar’s western towns of Annah, Qaim and Rawa are still held by the extremist group since 2014, when it emerged to proclaim a self-styled Islamic Caliphate.

Fighter jets from the Iraqi army and the international coalition have also regularly pounded IS locations in the province.

Read more: http://www.dinarupdates.com/showthread.php?50480-Iraqi-army-launches-operation-to-clear-western-Anbar-regions-from-IS

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Disclosure (financial promises) from the United Nations for reconstruction

Orient – News Section: The Committee on Economy and Investment parliamentary, on Friday, the promises of the United Nations to help Iraq from its financial allocations for the reconstruction of areas affected by terrorism, stressing that the size of budgets for the coming years is not enough without international support.

Committee member Najeeb Najib said that “the federal budgets are not enough to reconstruct the areas destroyed by the Dahesh,” noting that “the international community has the responsibility to help Iraq financially in the reconstruction,” adding that “the reconstruction process must be studied in a realistic way, Including the removal of mines and rubble and the creation of cities to become livable. ”

“Iraq has received a promise from the United Nations special grant of its budget, and European countries as well as the United States of America promised us financial assistance for reconstruction,” noting that “Iraq fought terrorism on behalf of the world and our support for their duty.”

“Fighting the corruption and spending the money in its rightful place is the first challenge facing Iraq to complete the reconstruction process,” she said, adding that “the areas that have been damaged as a result of receiving and caring for the displaced are supposed to have a share of these funds.”

Read more: http://www.dinarupdates.com/showthread.php?50489-Disclosure-(financial-promises)-from-the-United-Nations-for-reconstruction
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Enorrste   Article:  “The central bank prepares banks and transfer 25 million per month”   Here is my take on this important development.  It occurred to me that what we are seeing here is a plan to use some of the reserves to reduce the money supply in Iraq. The article makes clear that there is not a corruption problem.  However, they are still putting some limits on the exchange (dinars for foreign currency).  Furthermore…the CBI is making it clear up front that the banks will not be allowed to take advantage of the public who wish to purchase foreign currency.  This means that they will be forced to give the foreign currency at the official rate rather than the market rate.  As word of this gets out there will be more and more people who will want to surrender their dinars at that rate, thus saving many dinars by getting the foreign currency below the market rate.   [post 1 of 3….stay tuned]

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

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MadDScout(Dinar Guru) –   Article:  “The Association of Private Banks appoints a temporary chairman”   Quote:  “the president of the association was accused by specialists on many charges, including providing false information to the Central Bank of Iraq to achieve personal benefits…”  I like this one because it speaks to internal house cleaning…House cleaning within the banking association.  It says that eventually being corrupt will be of no gain.

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

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Belgium extends its mission against IS in Iraq and Syria

Belgian Prime Minister Charles Michel announced, on Saturday, that his country decided to extend its mission within the US-led international coalition fighting the Islamic State (IS) in Iraq and Syria.

Michel said that Belgium is an important part of the international coalition against the Islamic State, while added that the Belgian government will allocate 17 million Euros for the military operations against the extremist group.

The current Belgian mission in Iraq and Syria to fight the Islamic State was planned to end this month, but the government decided to extend it for six more months until the end of 2017, Michel explained.

Michek also revealed that the Belgian military will send four F-16 fighter jets along with 100 troops to a base in Jordan to take part in the war against IS in Iraq and Syria.

Read more: http://www.dinarupdates.com/showthread.php?50497-Belgium-extends-its-mission-against-IS-in-Iraq-and-Syria

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Faith is taking the first step even when you don’t see the whole staircase. – Martin Luther King Jr.

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The Central Bank equips banks and transfer companies with 25 million monthly

The central bank currently meets the foreign currency traveler’s quotas through banks and financial transfer companies by 25 million dollars a month, but this process is still surrounded by a lot of impurities, the most important is that some people receive more than the quota (3000 dollars) at a time others can not get Even though they have submitted all the documents required to complete the currency purchase. According to specialists in the economic affairs, all the controls and instructions of the Central Bank and the continuous monitoring to control and facilitate this process, will not be able to control the manipulation in this process, because the documents traveler reaches the Central Bank justified by the Bank can not take any action. These specialists confirm that the elimination of the manipulation will be done only through the application of the comprehensive banking system.

The central bank had launched in 2012 the sale of foreign currency to travelers out of the country by 5000 dinars for tourism and 10 thousand for treatment and then returned last year, and reduced the amount to 3000 dollars, because of the financial crisis experienced by the country. The bank stressed repeatedly that the sale should be completed after the completion of all required documents, and pointed to the possibility of providing the traveler request to the bank in case of need for a larger amount, and warned banks and financial transfer companies from manipulation of quotas, but all that did not work, still Many people find it difficult to get their quotas.

According to economic expert Majid al-Suri in an interview with (the extent), that according to the instructions of the new Central Bank, the citizen holder of the ticket and passport must be the holder of these documents to get the dollar amounts for travel, and no one may come with thirty-four passport To receive the currency, and determined that the holder of the passport is the one who buys the amount allocated to him from the currency only, but despite all these controls and control are still many irregularities, because control is a difficult process, when the documents are justified and present here can not take any A measure, but said: a question At the time it should have been essential, especially since there are beneficiaries of the corruption process taking place in the traveler’s share of the currency, and the manipulation is being done through relations with some bank employees in order to carry out this process; Companies are involved in the matter, which necessitates the central bank to implement the comprehensive banking system, because without this system will not have the ability to monitor all the sale of currency to passengers, expected at the end of his speech, the implementation of the comprehensive banking system soon.

For his part, Director of the Accounting Department at the Central Bank Ihsan Shamran al-Yasiri, said in an interview with (the extent), that the Central Bank currently gives amounts to banks to meet the shares of travelers of the currency, up to 25 million dollars are distributed to banks and companies, which depends on the size of the quota given For the traveler, which is $ 3000 per citizen is willing to travel, not to be repeated the process during the month more than once, stressing: The number of beneficiaries of the sale of the currency may reach hundreds or thousands sometimes, and all banks take these quotas, whether the eligibility Or government, but the largest share is given to private banks.

Yassir admits that the beneficiaries of this system may face some problems with banks, but the process of corruption in its broad range is excluded, continuing to say: As far as the Central Bank is concerned, there is no corruption in this matter. It has set controls, instructions and standards that work according to them. Yes, there may be a failure due to misconduct by companies or complicity with citizens, which is an ongoing issue in all economies, and can not be controlled, but according to the controls also, the citizen who lodges a complaint to the Central Bank not to sell the dollar by the banking company or bank, Here the company must be fined and the money recovered from it and the citizen is compensated for any difference in price.

Read more: http://www.dinarupdates.com/showthread.php?50381-The-Central-Bank-equips-banks-and-transfer-companies-with-25-million-monthly

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Iraq invites 10,000 companies to participate in Baghdad International Fair

Announced Company the public For exhibitions And services Commercial Iraq, Thursday, Directed Invitations For more From 10 Thousands a company To participate at Exhibition Baghdad International .

And he said Director Company the public For exhibitions And services Commercial Iraq Hashem Mohammed at Declaration Journalist Received ” economy News ” version from him, The ” Angels Company ongoing Operation Marketing Field To promote Of the session The 44th exhibition Baghdad International Which Will be held Under Logo ( free us Our land With your cooperation We build ) during Month October the first Next according to plan Well thought out To polarize Larger Number From Companies To participate The course International according to Base data Available I have Company Which Reaches Number More From ten Thousands a company Destination met him Increase “.

“He added That ” process Marketing Were represented at Procedure Visits Field Areas Commercial at Baghdad Which Exist In which Companies Large Known And owns Agencies For companies Foreign And she has Record Posts Featured at Courses Exhibition Baghdad International Former “.

“He was sent Invitations Participation Attached Instructions Special Participating In both languages Arabic And English to me all Companies And authorities Available Data we’ve got And their number More From ten Thousands a company Destination As a meal First “.

Read more: http://www.dinarupdates.com/showthread.php?50375-Iraq-invites-10-000-companies-to-participate-in-Baghdad-International-Fair

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Turkey offers Iraq reconstruction of Mosul

The spokesman for the Turkish President, Ibrahim Kalin, said that Turkey is ready to help Iraq in the reconstruction of Mosul after the liberation of the militants of the “Isis” terrorist.

“We are ready after the end of the process of liberating Mosul completely to rebuild it in addition to building what is destroyed in other Iraqi cities,” Kalin told a news conference in Ankara.

It is noteworthy that the Iraqi army and security forces in addition to the popular mobilization forces headed by the airlift supported by the US-led coalition aircraft and the Iraqi air force, towards the old neighborhoods in Mosul, the last remaining under the control of the terrorist organization “Isis”.

The remaining neighborhoods under the control of the organization’s militants were announced in the western part of Mosul on May 27, and 180,000 civilians are still trapped in those neighborhoods and used by the organization’s militants as human shields.
According to the Iraqi Operations Command, only 500 terrorists remained in the city.

Read more: http://www.dinarupdates.com/showthread.php?50369-Turkey-offers-Iraq-reconstruction-of-Mosul

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BGG   [kinda get the feeling that this is never gona happen and eventually they will go to the dollar.With all the support and conversation with the IMF – WB – UN… that is not the posture they are preparing…everything they are (the above mentioned groups) projecting lately is the image of progress.

Read more:  http://www.dinarupdates.com/observer/
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BGG (Dinar Guru) –    Mosul is it… I have said all along…I would like to see what the news cycle looks like right after Mosul is done.   I had some guy message me “why is Mosul taking so long“?   They are dug in – they know they will die and have NOTHING TO LOSE…this may take just a bit..let’s all just take a breath and let this whole thing play out…and then… I also said – I want to get a feel for what the News Cycles look like after – for a week or two…this will be the tale of the tape.  …sit back…and let them do their thing…and BTW – it’s not like they haven’t told us in so many ways – what they intend to do.  They have – over and over and over and over.

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

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The first investment conference was held for the end of July

Trend Press / Baghdad The Chairman of the Sub-Committee for Investment in the House of Representatives Burhan Mamouri agreed with the National Investment Commission to hold a special investment conference in Diyala province to view all investment opportunities in the province and in various sectors.

Al-Maamouri said in a statement received by “Trend Press” on a copy of it, “he met with the President of the National Investment Commission Sami Araji and it was agreed to hold a special investment conference in Diyala in late July or early August, which will be presented all the investment opportunities available in the province and include various sectors “Agricultural, industrial, health, education, transport, public services, infrastructure projects, housing,” noting that “a committee formed in the National Investment Commission for the preparation and urbanization of this conference.”

He added that “the trend towards investment is the only solution to improve the service and urban reality of the province and funding new projects in the field of infrastructure and job creation for young people, especially in the light of low oil prices and the absence of a state budget to finance these projects, noting that the province and during the past three years did not receive any Amounts within the general budget, which led to the cessation of all projects and the inability to maintain the service needs of citizens with increasing population growth in addition to the widespread phenomenon of unemployment among young people.

Al-Mamouri said that the committee of economy and investment parliamentary was able to complete the new investment law and vote on it in the House of Representatives, which is one of the best investment laws since the emergence of the Iraqi state, where exceeded all previous problems that were impeding the process of investment in all areas and provided facilities and privileges for large domestic and foreign investors And work at the beginning of a single window in coordination with the National Investment Commission. ”

He called on “all local and foreign investors to participate in the conference and to see the investment opportunities available in the province of Diyala, noting that the province has a large natural and human resources and a location that allows it to play an important role in the trade process being the link between the north and center of the country and has border crossings with The Islamic Republic of Iran in addition to its proximity to the capital Baghdad. ”

Read more: http://www.dinarupdates.com/showthread.php?50378-The-first-investment-conference-was-held-for-the-end-of-July

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Election of Iraq to the Governing Council of the International Labor Organization

Trend Press / Baghdad The State Department announced on Thursday that Iraq was elected as an alternate member of the ILO Governing Body for the 2017-2020 term for the West Asian Group.

“Iraq was elected an alternate member of the ILO Governing Body for the period 2017-2020 for the West Asia Sub-Group during the elections held during the 106th Session of the International Labor Conference At the organization’s headquarters in Geneva. ”

The statement added that “Iraq has 210 votes out of 253 votes, although the number of votes required on the complex is 127, which makes the second Iraq on his group (ASPAG).”

The statement said that “this victory in the framework of the efforts of the State Department to mobilize international support and support to restore Iraq to its leading position in the international community and access to advanced positions in the United Nations and its competent agencies.”

Read more: http://www.dinarupdates.com/showthread.php?50379-Election-of-Iraq-to-the-Governing-Council-of-the-International-Labor-Organization
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The Iraqi parliament welcomes the adoption of trade for the first time on two articles of supply from the local product

A member of the House of Representatives Hammam Hamoudi welcomed the adoption by the Ministry of Commerce on the local product in the provision of ration card items of “sugar and edible oil” for the first time since 2003, considering it an important step towards supporting the national product and stopping the external importer.

Hamoudi stressed the need to continue this step and expand it in order to contribute to the advancement of the processing of food “Iraqi” through the factories of the national stalled and the workers sincere and adapted to the needs of the citizen.

Read more:  http://www.dinarupdates.com/showthread.php?50289-The-Iraqi-parliament-welcomes-the-adoption-of-trade-for-the-first-time-on-two-article

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Kaperoni (Dinar Guru)   […is it better for Iraq to rebuild itself at the present rate or at a re- established rate?]   …at this point and time, it does not matter what the exchange rate is regarding rebuilding…since the primary source of revenue is oil sales (95%) which is paid in dollars.  And since the dinar is not globally convertible, Iraq pays for goods in dollars.  So in that sense they are on the same playing field we are on in the US when we pay for goods.   The real benefit comes when the CBI can begin to raise the value to offset inflationary pressure created by investors and investment along with meeting  IMF Article VIII compliance.  The result will eventually give the citizens a better life, greater purchasing power and most importantly the ability for the CBI to keep its dollars and pay in dinars. 

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

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Cabinet votes to release salaries of Nineveh employees

[Asharq Al-Awsat] The Iraqi Council of Ministers voted during its weekly session on Tuesday to release the salaries of Nineveh province employees who have been found not to be linked to the organization.

A statement issued by the office of Prime Minister Haider al-Abbadi and told Ashqaf News that the vote on the release of salaries of employees of the province of Nineveh, who checked security by the security audit team of the Ministry of Interior or by the national security.

The Council also voted to approve the recommendation of the emergency meeting of the Civil Crisis Management Unit concerning the exclusion of the Ministry of Construction, Housing, Municipalities, Public Works and the Municipality of Baghdad in paragraph (3) of the Council of Ministers Resolution No. 329 of 2015, 2017 for purposes of water purification exclusively.

A position was also presented to prepare the employees who received their salaries in the liberated areas and to prepare those who did not receive their salaries with a statement of reasons.

The Council decided to form an operations room in the Ministry of Finance to resolve the problems that appear when the Ministry of Finance audit of payroll lists and continue its work after the official working hours until the completion of the task in the presence of directors of formations responsible for salaries from ministries whose salaries were delayed in Nineveh province.

The Council of Ministers instructed the Ministry of Health to complete the required numbers for grades (central appointments) and submit them to the Ministry of Finance and the Ministry of Finance to include the required allocations within the supplementary budget for 2017.

A vote was also made on the payment of dues to the truck drivers of the Ministry of Commerce, which contributes to support the security forces.

The vote on funding allocations of the Ministry of Education, and directing the Ministry of Finance to open documentary credit for the purchase of textbooks in the form of financial optimization and depending on the allocations approved by the Ministry.

The Council discussed the treatment of traffic jams in the province of Baghdad and was presented a study at the short, medium and long.

Read more: http://www.dinarupdates.com/showthread.php?50286-Cabinet-votes-to-release-salaries-of-Nineveh-employees

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BGG (Dinar Guru) –   “Our economy is space. Monetary policy is an example”  The…article is a VERY HARD translation – BUT IMHO FILLED with DEAD GIVE-AWAYS!  …for those pouting about not being rich yet – this is one more log on the FIRE!  What it means is – they are doing things (up until now) this economist doesn’t understand and can’t explain.  Quotes:  “…we urgently need a new economic philosophy that leads to generating development And to expand the supply and demand for local production in all its variants, especially in an important aspect of monetary policy is dealing with the value of the development of the dinar or the liberation of the value of the dinar...”  “The liberalization or floating of the currency is not strange or innovative in the money market, it is a tool of the monetary policy…”  BOOOOM…That’s all I have to say. That is a DIRECT narrative on the state of the currency value in Iraq. This was published yesterday.  Cannot be anymore direct.

Read more: http://www.dinarupdates.com/observer
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Grant for the development of Iraqi ports

Economy News _ Baghdad: The Ministry of Transport announced Thursday that it has received a grant from the United Nations Educational, Scientific and Cultural Organization (UNESCO) for the rehabilitation and development of ports in the country.

The Director of Media Iraqi Ports Company of the Ministry, Nimr Abdel-Moneim net in a press statement received by “Economy News”, “The company is in receipt of a grant by the United Nations (UNICTAD) of the United Nations, to develop the reality of ports in the country, Lists the needs and requirements of all ports, in addition to the requirements of the Institute of ports of equipment and training devices, noting that the Institute continues to establish training courses to develop the capabilities of the staff working in this area.

He added that the company is working within the framework of an expanded plan to develop and qualify all ports in the country in order to raise the financial revenues of the company in particular and the treasury of the state in general, pointing out at the same time that it intends to establish a container terminal at the port of Faw after the arrival of the project of the Caspian East and West stages Advanced achievement “.

Al-Safi pointed out that “the company has implemented several projects during the past period, contributed to improving the financial reality, including projects, the establishment of new berths and improve the depth drilling to allow the entry of giant vessels to increase the movement of trade.”

He explained that “ports are at the time besieging an important commercial center in the transport of goods, especially as the country enjoys an important strategic position, which contributes to the increase of ports, which is becoming an important economic resource for the country and provide job opportunities for the unemployed.

The province of Basra has a number of ports, Umm Qasr, Khor al-Zubayr and Abu Flus, and the stronghold, while work is underway on the completion of the port of Faw to be one of the largest ports in the region.

Read more: http://www.dinarupdates.com/showthread.php?50373-Grant-for-the-development-of-Iraqi-ports

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

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

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

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

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

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

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

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

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!cid_0534CEE5-9E81-4CFA-9D7F-ACA5BAD2C2DA

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

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

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Iraqi Dinar/Dollar auction 06-15-17 (most recent listing)

Currency Auctions Announcement No. 3466

This daily currency auction was held in the Central Bank of Iraq on the 06-15-2017

DETAILS NOTES
Number of banks 40
Number of remittance companies 10
Amount sold at auction price (US$) 165,143,468
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 165,143,468
Total offers for selling (US$) —–

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

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CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1326.435 1325.772
British pound GBP 1506.936 1506.183
Canadian dollar CAD 894.057 893.610
Swiss franc CHF 1220.619 1220.008
Swedish krona SEK 136.365 136.297
Norwegian krone NOK 140.900 140.830
Danish krone DKK 178.372 178.283
Japanese yen JPY 10.759 10.759
Special
Drawing Rights
SDR 1637.389 1637.389

Indicative rates – 06.15.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – June 16th

Iraqi Army recaptures villages in western Mosul

Units of the 15th Brigade in the Iraqi Army have recaptured villages of al-Zanazil, Abu Kodoor and Kanisah, located east of al-Kask-al-Mahlabiya road in western Mosul, “We Are Coming, Nineveh” Operations Command’s War Media Cell said on Friday.

It noted that soldiers of these units raised the Iraqi flag over the governmental buildings of these villages.

Currently, the units are combing the villages located in the western axis to liberate other villages in Kask.

Security forces, backed by International Coalition air raids and logistic support of the US army, have retaken eastern Mosul and most of its western part after eight months of battles. These forces are focusing now on controlling the Old City’s districts.

It is estimated that there are a few of ISIS terrorists left in the second largest city of Iraq. It is expected that they will desperately defend the last pocket of the city that has been once their main stronghold in Iraq.

Read more: http://www.dinarupdates.com/showthread.php?50426-Iraqi-Army-recaptures-villages-in-western-Mosul
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Follow us on twitter @DinarUpdates !!

follow Dinar Updates on twitterDinar Updates – “Conference Call” w/BGG & Company Phone #641-715-3640  Pin# 528733!!   June 17th  –  8:00 pm CST – !!

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Exclusive: Parts freed so far in Mosul explained on map

Iraqi Joint Operations Command has released a map showing the areas controlled by ISIS terrorist organization in Mosul were shrinking, The Baghdad Post reported Thursday.

The map, released by War Media Cell, shows the security forces recapturing most of the neighborhoods on the right bank of Mosul and the shrinking of the area controlled by terrorist elements.

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

The white spots refer to the areas still controlled by ISIS. While the red spots .refer to areas that are witnessing military clashes between the Iraqi army and the terror group.

The publication of this map comes after 242 days of military operations within the ranks of the ‘We Are Coming, Nineveh’ offensive.

Meanwhile, Iraqi Defense Ministry has published two maps for Iraq before and after the dominance of ISIS terrorists.

Read more: http://www.dinarupdates.com/showthread.php?50411-Exclusive-Parts-freed-so-far-in-Mosul-explained-on-map
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Enorrste   Article:  “The central bank prepares banks and transfer 25 million per month”   Here is my take on this important development.  It occurred to me that what we are seeing here is a plan to use some of the reserves to reduce the money supply in Iraq. The article makes clear that there is not a corruption problem.  However, they are still putting some limits on the exchange (dinars for foreign currency).  Furthermore…the CBI is making it clear up front that the banks will not be allowed to take advantage of the public who wish to purchase foreign currency.  This means that they will be forced to give the foreign currency at the official rate rather than the market rate.  As word of this gets out there will be more and more people who will want to surrender their dinars at that rate, thus saving many dinars by getting the foreign currency below the market rate.   [post 1 of 3….stay tuned]

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

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MadDScout(Dinar Guru) –   Article:  “The Association of Private Banks appoints a temporary chairman”   Quote:  “the president of the association was accused by specialists on many charges, including providing false information to the Central Bank of Iraq to achieve personal benefits…”  I like this one because it speaks to internal house cleaning…House cleaning within the banking association.  It says that eventually being corrupt will be of no gain.

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

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Security forces advance towards Great Nuri Mosque in Mosul right bank

Iraqi security forces have pushed deep into Great al-Nuri Mosque in the Old City of Mosul district in the right bank of Mosul on Friday.

Federal Police forces are currently 200 meters away from the Mosque’s vicinity.

These forces are putting efforts into creating safe passages for civilian families so they can escape to safety, Federal Police Captain Samir Mohamed told The Baghdad Post.

He added that security forces’ slow pace in these battles is due to the nature of the area as it’s densely populated.

He also asserted that ISIS terrorists use civilians as human shields to halt the advancement of the Iraqi forces in the right bank of Mosul.

Great al-Nuri Mosque holds huge significance to ISIS terrorists, as their leader Abu Bakr al-Baghdadi announced his so-called calipahte from this mosque, its fall will be a huge blow to ISIS’ morale.

These efforts come as part of an offensive launched on 19th of February by the US-backed Iraqi security forces, supported by Iranian-backed sectarian IMIS Shiite militias, to oust ISIS terrorists from Mosul, their last major stronghold in Iraq.

Read more: http://www.dinarupdates.com/showthread.php?50423-Security-forces-advance-towards-Great-Nuri-Mosque-in-Mosul-right-bank

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The Central Bank equips banks and transfer companies with 25 million monthly

The central bank currently meets the foreign currency traveler’s quotas through banks and financial transfer companies by 25 million dollars a month, but this process is still surrounded by a lot of impurities, the most important is that some people receive more than the quota (3000 dollars) at a time others can not get Even though they have submitted all the documents required to complete the currency purchase. According to specialists in the economic affairs, all the controls and instructions of the Central Bank and the continuous monitoring to control and facilitate this process, will not be able to control the manipulation in this process, because the documents traveler reaches the Central Bank justified by the Bank can not take any action. These specialists confirm that the elimination of the manipulation will be done only through the application of the comprehensive banking system.

The central bank had launched in 2012 the sale of foreign currency to travelers out of the country by 5000 dinars for tourism and 10 thousand for treatment and then returned last year, and reduced the amount to 3000 dollars, because of the financial crisis experienced by the country. The bank stressed repeatedly that the sale should be completed after the completion of all required documents, and pointed to the possibility of providing the traveler request to the bank in case of need for a larger amount, and warned banks and financial transfer companies from manipulation of quotas, but all that did not work, still Many people find it difficult to get their quotas.

According to economic expert Majid al-Suri in an interview with (the extent), that according to the instructions of the new Central Bank, the citizen holder of the ticket and passport must be the holder of these documents to get the dollar amounts for travel, and no one may come with thirty-four passport To receive the currency, and determined that the holder of the passport is the one who buys the amount allocated to him from the currency only, but despite all these controls and control are still many irregularities, because control is a difficult process, when the documents are justified and present here can not take any A measure, but said: a question At the time it should have been essential, especially since there are beneficiaries of the corruption process taking place in the traveler’s share of the currency, and the manipulation is being done through relations with some bank employees in order to carry out this process; Companies are involved in the matter, which necessitates the central bank to implement the comprehensive banking system, because without this system will not have the ability to monitor all the sale of currency to passengers, expected at the end of his speech, the implementation of the comprehensive banking system soon.

For his part, Director of the Accounting Department at the Central Bank Ihsan Shamran al-Yasiri, said in an interview with (the extent), that the Central Bank currently gives amounts to banks to meet the shares of travelers of the currency, up to 25 million dollars are distributed to banks and companies, which depends on the size of the quota given For the traveler, which is $ 3000 per citizen is willing to travel, not to be repeated the process during the month more than once, stressing: The number of beneficiaries of the sale of the currency may reach hundreds or thousands sometimes, and all banks take these quotas, whether the eligibility Or government, but the largest share is given to private banks.

Yassir admits that the beneficiaries of this system may face some problems with banks, but the process of corruption in its broad range is excluded, continuing to say: As far as the Central Bank is concerned, there is no corruption in this matter. It has set controls, instructions and standards that work according to them. Yes, there may be a failure due to misconduct by companies or complicity with citizens, which is an ongoing issue in all economies, and can not be controlled, but according to the controls also, the citizen who lodges a complaint to the Central Bank not to sell the dollar by the banking company or bank, Here the company must be fined and the money recovered from it and the citizen is compensated for any difference in price.

Read more: http://www.dinarupdates.com/showthread.php?50381-The-Central-Bank-equips-banks-and-transfer-companies-with-25-million-monthly

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Iraq invites 10,000 companies to participate in Baghdad International Fair

Announced Company the public For exhibitions And services Commercial Iraq, Thursday, Directed Invitations For more From 10 Thousands a company To participate at Exhibition Baghdad International .

And he said Director Company the public For exhibitions And services Commercial Iraq Hashem Mohammed at Declaration Journalist Received ” economy News ” version from him, The ” Angels Company ongoing Operation Marketing Field To promote Of the session The 44th exhibition Baghdad International Which Will be held Under Logo ( free us Our land With your cooperation We build ) during Month October the first Next according to plan Well thought out To polarize Larger Number From Companies To participate The course International according to Base data Available I have Company Which Reaches Number More From ten Thousands a company Destination met him Increase “.

“He added That ” process Marketing Were represented at Procedure Visits Field Areas Commercial at Baghdad Which Exist In which Companies Large Known And owns Agencies For companies Foreign And she has Record Posts Featured at Courses Exhibition Baghdad International Former “.

“He was sent Invitations Participation Attached Instructions Special Participating In both languages Arabic And English to me all Companies And authorities Available Data we’ve got And their number More From ten Thousands a company Destination As a meal First “.

Read more: http://www.dinarupdates.com/showthread.php?50375-Iraq-invites-10-000-companies-to-participate-in-Baghdad-International-Fair

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Turkey offers Iraq reconstruction of Mosul

The spokesman for the Turkish President, Ibrahim Kalin, said that Turkey is ready to help Iraq in the reconstruction of Mosul after the liberation of the militants of the “Isis” terrorist.

“We are ready after the end of the process of liberating Mosul completely to rebuild it in addition to building what is destroyed in other Iraqi cities,” Kalin told a news conference in Ankara.

It is noteworthy that the Iraqi army and security forces in addition to the popular mobilization forces headed by the airlift supported by the US-led coalition aircraft and the Iraqi air force, towards the old neighborhoods in Mosul, the last remaining under the control of the terrorist organization “Isis”.

The remaining neighborhoods under the control of the organization’s militants were announced in the western part of Mosul on May 27, and 180,000 civilians are still trapped in those neighborhoods and used by the organization’s militants as human shields.
According to the Iraqi Operations Command, only 500 terrorists remained in the city.

Read more: http://www.dinarupdates.com/showthread.php?50369-Turkey-offers-Iraq-reconstruction-of-Mosul

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BGG   [kinda get the feeling that this is never gona happen and eventually they will go to the dollar.With all the support and conversation with the IMF – WB – UN… that is not the posture they are preparing…everything they are (the above mentioned groups) projecting lately is the image of progress.

Read more:  http://www.dinarupdates.com/observer/
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BGG (Dinar Guru) –    Mosul is it… I have said all along…I would like to see what the news cycle looks like right after Mosul is done.   I had some guy message me “why is Mosul taking so long“?   They are dug in – they know they will die and have NOTHING TO LOSE…this may take just a bit..let’s all just take a breath and let this whole thing play out…and then… I also said – I want to get a feel for what the News Cycles look like after – for a week or two…this will be the tale of the tape.  …sit back…and let them do their thing…and BTW – it’s not like they haven’t told us in so many ways – what they intend to do.  They have – over and over and over and over.

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

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The first investment conference was held for the end of July

Trend Press / Baghdad The Chairman of the Sub-Committee for Investment in the House of Representatives Burhan Mamouri agreed with the National Investment Commission to hold a special investment conference in Diyala province to view all investment opportunities in the province and in various sectors.

Al-Maamouri said in a statement received by “Trend Press” on a copy of it, “he met with the President of the National Investment Commission Sami Araji and it was agreed to hold a special investment conference in Diyala in late July or early August, which will be presented all the investment opportunities available in the province and include various sectors “Agricultural, industrial, health, education, transport, public services, infrastructure projects, housing,” noting that “a committee formed in the National Investment Commission for the preparation and urbanization of this conference.”

He added that “the trend towards investment is the only solution to improve the service and urban reality of the province and funding new projects in the field of infrastructure and job creation for young people, especially in the light of low oil prices and the absence of a state budget to finance these projects, noting that the province and during the past three years did not receive any Amounts within the general budget, which led to the cessation of all projects and the inability to maintain the service needs of citizens with increasing population growth in addition to the widespread phenomenon of unemployment among young people.

Al-Mamouri said that the committee of economy and investment parliamentary was able to complete the new investment law and vote on it in the House of Representatives, which is one of the best investment laws since the emergence of the Iraqi state, where exceeded all previous problems that were impeding the process of investment in all areas and provided facilities and privileges for large domestic and foreign investors And work at the beginning of a single window in coordination with the National Investment Commission. ”

He called on “all local and foreign investors to participate in the conference and to see the investment opportunities available in the province of Diyala, noting that the province has a large natural and human resources and a location that allows it to play an important role in the trade process being the link between the north and center of the country and has border crossings with The Islamic Republic of Iran in addition to its proximity to the capital Baghdad. ”

Read more: http://www.dinarupdates.com/showthread.php?50378-The-first-investment-conference-was-held-for-the-end-of-July

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Election of Iraq to the Governing Council of the International Labor Organization

Trend Press / Baghdad The State Department announced on Thursday that Iraq was elected as an alternate member of the ILO Governing Body for the 2017-2020 term for the West Asian Group.

“Iraq was elected an alternate member of the ILO Governing Body for the period 2017-2020 for the West Asia Sub-Group during the elections held during the 106th Session of the International Labor Conference At the organization’s headquarters in Geneva. ”

The statement added that “Iraq has 210 votes out of 253 votes, although the number of votes required on the complex is 127, which makes the second Iraq on his group (ASPAG).”

The statement said that “this victory in the framework of the efforts of the State Department to mobilize international support and support to restore Iraq to its leading position in the international community and access to advanced positions in the United Nations and its competent agencies.”

Read more: http://www.dinarupdates.com/showthread.php?50379-Election-of-Iraq-to-the-Governing-Council-of-the-International-Labor-Organization

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We hold these truths to be self-evident: that all men are created equal; that they are endowed by their Creator with certain unalienable rights; that among these are life, liberty, and the pursuit of happiness.   – Thomas Jefferson

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The Iraqi parliament welcomes the adoption of trade for the first time on two articles of supply from the local product

A member of the House of Representatives Hammam Hamoudi welcomed the adoption by the Ministry of Commerce on the local product in the provision of ration card items of “sugar and edible oil” for the first time since 2003, considering it an important step towards supporting the national product and stopping the external importer.

Hamoudi stressed the need to continue this step and expand it in order to contribute to the advancement of the processing of food “Iraqi” through the factories of the national stalled and the workers sincere and adapted to the needs of the citizen.

Read more:  http://www.dinarupdates.com/showthread.php?50289-The-Iraqi-parliament-welcomes-the-adoption-of-trade-for-the-first-time-on-two-article

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Kaperoni (Dinar Guru)   […is it better for Iraq to rebuild itself at the present rate or at a re- established rate?]   …at this point and time, it does not matter what the exchange rate is regarding rebuilding…since the primary source of revenue is oil sales (95%) which is paid in dollars.  And since the dinar is not globally convertible, Iraq pays for goods in dollars.  So in that sense they are on the same playing field we are on in the US when we pay for goods.   The real benefit comes when the CBI can begin to raise the value to offset inflationary pressure created by investors and investment along with meeting  IMF Article VIII compliance.  The result will eventually give the citizens a better life, greater purchasing power and most importantly the ability for the CBI to keep its dollars and pay in dinars. 

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

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Cabinet votes to release salaries of Nineveh employees

[Asharq Al-Awsat] The Iraqi Council of Ministers voted during its weekly session on Tuesday to release the salaries of Nineveh province employees who have been found not to be linked to the organization.

A statement issued by the office of Prime Minister Haider al-Abbadi and told Ashqaf News that the vote on the release of salaries of employees of the province of Nineveh, who checked security by the security audit team of the Ministry of Interior or by the national security.

The Council also voted to approve the recommendation of the emergency meeting of the Civil Crisis Management Unit concerning the exclusion of the Ministry of Construction, Housing, Municipalities, Public Works and the Municipality of Baghdad in paragraph (3) of the Council of Ministers Resolution No. 329 of 2015, 2017 for purposes of water purification exclusively.

A position was also presented to prepare the employees who received their salaries in the liberated areas and to prepare those who did not receive their salaries with a statement of reasons.

The Council decided to form an operations room in the Ministry of Finance to resolve the problems that appear when the Ministry of Finance audit of payroll lists and continue its work after the official working hours until the completion of the task in the presence of directors of formations responsible for salaries from ministries whose salaries were delayed in Nineveh province.

The Council of Ministers instructed the Ministry of Health to complete the required numbers for grades (central appointments) and submit them to the Ministry of Finance and the Ministry of Finance to include the required allocations within the supplementary budget for 2017.

A vote was also made on the payment of dues to the truck drivers of the Ministry of Commerce, which contributes to support the security forces.

The vote on funding allocations of the Ministry of Education, and directing the Ministry of Finance to open documentary credit for the purchase of textbooks in the form of financial optimization and depending on the allocations approved by the Ministry.

The Council discussed the treatment of traffic jams in the province of Baghdad and was presented a study at the short, medium and long.

Read more: http://www.dinarupdates.com/showthread.php?50286-Cabinet-votes-to-release-salaries-of-Nineveh-employees

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BGG (Dinar Guru) –   “Our economy is space. Monetary policy is an example”  The…article is a VERY HARD translation – BUT IMHO FILLED with DEAD GIVE-AWAYS!  …for those pouting about not being rich yet – this is one more log on the FIRE!  What it means is – they are doing things (up until now) this economist doesn’t understand and can’t explain.  Quotes:  “…we urgently need a new economic philosophy that leads to generating development And to expand the supply and demand for local production in all its variants, especially in an important aspect of monetary policy is dealing with the value of the development of the dinar or the liberation of the value of the dinar...”  “The liberalization or floating of the currency is not strange or innovative in the money market, it is a tool of the monetary policy…”  BOOOOM…That’s all I have to say. That is a DIRECT narrative on the state of the currency value in Iraq. This was published yesterday.  Cannot be anymore direct.

Read more: http://www.dinarupdates.com/observer
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Grant for the development of Iraqi ports

Economy News _ Baghdad: The Ministry of Transport announced Thursday that it has received a grant from the United Nations Educational, Scientific and Cultural Organization (UNESCO) for the rehabilitation and development of ports in the country.

The Director of Media Iraqi Ports Company of the Ministry, Nimr Abdel-Moneim net in a press statement received by “Economy News”, “The company is in receipt of a grant by the United Nations (UNICTAD) of the United Nations, to develop the reality of ports in the country, Lists the needs and requirements of all ports, in addition to the requirements of the Institute of ports of equipment and training devices, noting that the Institute continues to establish training courses to develop the capabilities of the staff working in this area.

He added that the company is working within the framework of an expanded plan to develop and qualify all ports in the country in order to raise the financial revenues of the company in particular and the treasury of the state in general, pointing out at the same time that it intends to establish a container terminal at the port of Faw after the arrival of the project of the Caspian East and West stages Advanced achievement “.

Al-Safi pointed out that “the company has implemented several projects during the past period, contributed to improving the financial reality, including projects, the establishment of new berths and improve the depth drilling to allow the entry of giant vessels to increase the movement of trade.”

He explained that “ports are at the time besieging an important commercial center in the transport of goods, especially as the country enjoys an important strategic position, which contributes to the increase of ports, which is becoming an important economic resource for the country and provide job opportunities for the unemployed.

The province of Basra has a number of ports, Umm Qasr, Khor al-Zubayr and Abu Flus, and the stronghold, while work is underway on the completion of the port of Faw to be one of the largest ports in the region.

Read more: http://www.dinarupdates.com/showthread.php?50373-Grant-for-the-development-of-Iraqi-ports

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

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

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

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

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

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

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

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

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

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

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Iraqi Dinar/Dollar auction 06-15-17 (most recent listing)

Currency Auctions Announcement No. 3466

This daily currency auction was held in the Central Bank of Iraq on the 06-15-2017

DETAILS NOTES
Number of banks 40
Number of remittance companies 10
Amount sold at auction price (US$) 165,143,468
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 165,143,468
Total offers for selling (US$) —–

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

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CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1326.435 1325.772
British pound GBP 1506.936 1506.183
Canadian dollar CAD 894.057 893.610
Swiss franc CHF 1220.619 1220.008
Swedish krona SEK 136.365 136.297
Norwegian krone NOK 140.900 140.830
Danish krone DKK 178.372 178.283
Japanese yen JPY 10.759 10.759
Special
Drawing Rights
SDR 1637.389 1637.389

Indicative rates – 06.15.2017

http://www.cbi.iq

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www.DinarUpdates.com

Posted in Daily Dinar Updates | Tagged , , , , , , , , , , , , , , , , , , , , | Comments Off on Dinar Daily NEWS Blog – June 16th

Dinar Daily NEWS Blog – June 15th

Exclusive: Parts freed so far in Mosul explained on map 

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

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

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

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

On Tuesday, two ISIS commanders were arrested in Abu Ghraib city, located in west of the Iraqi capital, Baghdad Operations Command announced.

Hundreds of people have been poisoned of spoiled food at camps for displaced people near the Iraqi city of Mosul.

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

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

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

Read more: http://www.dinarupdates.com/showthread.php?50355-Exclusive-Parts-freed-so-far-in-Mosul-explained-on-map-June-14-2017-11-06-PM
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follow Dinar Updates on twitterDinar Updates – “Conference Call” w/BGG & Company Phone #641-715-3640  Pin# 528733!!   June 16th  –  8:00 pm CST – !!

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Enorrste   Article:  “The central bank prepares banks and transfer 25 million per month”   Here is my take on this important development.  It occurred to me that what we are seeing here is a plan to use some of the reserves to reduce the money supply in Iraq. The article makes clear that there is not a corruption problem.  However, they are still putting some limits on the exchange (dinars for foreign currency).  Furthermore…the CBI is making it clear up front that the banks will not be allowed to take advantage of the public who wish to purchase foreign currency.  This means that they will be forced to give the foreign currency at the official rate rather than the market rate.  As word of this gets out there will be more and more people who will want to surrender their dinars at that rate, thus saving many dinars by getting the foreign currency below the market rate.   [post 1 of 3….stay tuned]

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

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MadDScout(Dinar Guru) –   Article:  “The Association of Private Banks appoints a temporary chairman”   Quote:  “the president of the association was accused by specialists on many charges, including providing false information to the Central Bank of Iraq to achieve personal benefits…”  I like this one because it speaks to internal house cleaning…House cleaning within the banking association.  It says that eventually being corrupt will be of no gain.

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

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Iraqi security forces recapture Bab Sinjar in right bank of Mosul

Iraqi Army’s 9th armored division has recaptured Bab Sinjar neighborhood in the right bank of Mosul, a security source said on Thursday.

He added that the Iraqi forces inflicted heavy casualties on ISIS terrorists and raised the Iraqi flag over the neighborhood’s buildings.

These efforts come as part of an offensive launched on 19th of February by the US-backed Iraqi forces, supported by the Iranian-backed sectarian IMIS Shiite militias to oust ISIS terrorists from Mosul, their last major stronghold in Iraq.

Read more: http://www.dinarupdates.com/showthread.php?50397-Iraqi-security-forces-recapture-Bab-Sinjar-in-right-bank-of-Mosul

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The Central Bank equips banks and transfer companies with 25 million monthly

The central bank currently meets the foreign currency traveler’s quotas through banks and financial transfer companies by 25 million dollars a month, but this process is still surrounded by a lot of impurities, the most important is that some people receive more than the quota (3000 dollars) at a time others can not get Even though they have submitted all the documents required to complete the currency purchase. According to specialists in the economic affairs, all the controls and instructions of the Central Bank and the continuous monitoring to control and facilitate this process, will not be able to control the manipulation in this process, because the documents traveler reaches the Central Bank justified by the Bank can not take any action. These specialists confirm that the elimination of the manipulation will be done only through the application of the comprehensive banking system.

The central bank had launched in 2012 the sale of foreign currency to travelers out of the country by 5000 dinars for tourism and 10 thousand for treatment and then returned last year, and reduced the amount to 3000 dollars, because of the financial crisis experienced by the country. The bank stressed repeatedly that the sale should be completed after the completion of all required documents, and pointed to the possibility of providing the traveler request to the bank in case of need for a larger amount, and warned banks and financial transfer companies from manipulation of quotas, but all that did not work, still Many people find it difficult to get their quotas.

According to economic expert Majid al-Suri in an interview with (the extent), that according to the instructions of the new Central Bank, the citizen holder of the ticket and passport must be the holder of these documents to get the dollar amounts for travel, and no one may come with thirty-four passport To receive the currency, and determined that the holder of the passport is the one who buys the amount allocated to him from the currency only, but despite all these controls and control are still many irregularities, because control is a difficult process, when the documents are justified and present here can not take any A measure, but said: a question At the time it should have been essential, especially since there are beneficiaries of the corruption process taking place in the traveler’s share of the currency, and the manipulation is being done through relations with some bank employees in order to carry out this process; Companies are involved in the matter, which necessitates the central bank to implement the comprehensive banking system, because without this system will not have the ability to monitor all the sale of currency to passengers, expected at the end of his speech, the implementation of the comprehensive banking system soon.

For his part, Director of the Accounting Department at the Central Bank Ihsan Shamran al-Yasiri, said in an interview with (the extent), that the Central Bank currently gives amounts to banks to meet the shares of travelers of the currency, up to 25 million dollars are distributed to banks and companies, which depends on the size of the quota given For the traveler, which is $ 3000 per citizen is willing to travel, not to be repeated the process during the month more than once, stressing: The number of beneficiaries of the sale of the currency may reach hundreds or thousands sometimes, and all banks take these quotas, whether the eligibility Or government, but the largest share is given to private banks.

Yassir admits that the beneficiaries of this system may face some problems with banks, but the process of corruption in its broad range is excluded, continuing to say: As far as the Central Bank is concerned, there is no corruption in this matter. It has set controls, instructions and standards that work according to them. Yes, there may be a failure due to misconduct by companies or complicity with citizens, which is an ongoing issue in all economies, and can not be controlled, but according to the controls also, the citizen who lodges a complaint to the Central Bank not to sell the dollar by the banking company or bank, Here the company must be fined and the money recovered from it and the citizen is compensated for any difference in price.

Read more: http://www.dinarupdates.com/showthread.php?50381-The-Central-Bank-equips-banks-and-transfer-companies-with-25-million-monthly

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Iraq invites 10,000 companies to participate in Baghdad International Fair

Announced Company the public For exhibitions And services Commercial Iraq, Thursday, Directed Invitations For more From 10 Thousands a company To participate at Exhibition Baghdad International .

And he said Director Company the public For exhibitions And services Commercial Iraq Hashem Mohammed at Declaration Journalist Received ” economy News ” version from him, The ” Angels Company ongoing Operation Marketing Field To promote Of the session The 44th exhibition Baghdad International Which Will be held Under Logo ( free us Our land With your cooperation We build ) during Month October the first Next according to plan Well thought out To polarize Larger Number From Companies To participate The course International according to Base data Available I have Company Which Reaches Number More From ten Thousands a company Destination met him Increase “.

“He added That ” process Marketing Were represented at Procedure Visits Field Areas Commercial at Baghdad Which Exist In which Companies Large Known And owns Agencies For companies Foreign And she has Record Posts Featured at Courses Exhibition Baghdad International Former “.

“He was sent Invitations Participation Attached Instructions Special Participating In both languages Arabic And English to me all Companies And authorities Available Data we’ve got And their number More From ten Thousands a company Destination As a meal First “.

Read more: http://www.dinarupdates.com/showthread.php?50375-Iraq-invites-10-000-companies-to-participate-in-Baghdad-International-Fair

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Turkey offers Iraq reconstruction of Mosul

The spokesman for the Turkish President, Ibrahim Kalin, said that Turkey is ready to help Iraq in the reconstruction of Mosul after the liberation of the militants of the “Isis” terrorist.

“We are ready after the end of the process of liberating Mosul completely to rebuild it in addition to building what is destroyed in other Iraqi cities,” Kalin told a news conference in Ankara.

It is noteworthy that the Iraqi army and security forces in addition to the popular mobilization forces headed by the airlift supported by the US-led coalition aircraft and the Iraqi air force, towards the old neighborhoods in Mosul, the last remaining under the control of the terrorist organization “Isis”.

The remaining neighborhoods under the control of the organization’s militants were announced in the western part of Mosul on May 27, and 180,000 civilians are still trapped in those neighborhoods and used by the organization’s militants as human shields.
According to the Iraqi Operations Command, only 500 terrorists remained in the city.

Read more: http://www.dinarupdates.com/showthread.php?50369-Turkey-offers-Iraq-reconstruction-of-Mosul

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BGG   [kinda get the feeling that this is never gona happen and eventually they will go to the dollar.With all the support and conversation with the IMF – WB – UN… that is not the posture they are preparing…everything they are (the above mentioned groups) projecting lately is the image of progress.

Read more:  http://www.dinarupdates.com/observer/
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BGG (Dinar Guru) –    Mosul is it… I have said all along…I would like to see what the news cycle looks like right after Mosul is done.   I had some guy message me “why is Mosul taking so long“?   They are dug in – they know they will die and have NOTHING TO LOSE…this may take just a bit..let’s all just take a breath and let this whole thing play out…and then… I also said – I want to get a feel for what the News Cycles look like after – for a week or two…this will be the tale of the tape.  …sit back…and let them do their thing…and BTW – it’s not like they haven’t told us in so many ways – what they intend to do.  They have – over and over and over and over.

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

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The first investment conference was held for the end of July

Trend Press / Baghdad The Chairman of the Sub-Committee for Investment in the House of Representatives Burhan Mamouri agreed with the National Investment Commission to hold a special investment conference in Diyala province to view all investment opportunities in the province and in various sectors.

Al-Maamouri said in a statement received by “Trend Press” on a copy of it, “he met with the President of the National Investment Commission Sami Araji and it was agreed to hold a special investment conference in Diyala in late July or early August, which will be presented all the investment opportunities available in the province and include various sectors “Agricultural, industrial, health, education, transport, public services, infrastructure projects, housing,” noting that “a committee formed in the National Investment Commission for the preparation and urbanization of this conference.”

He added that “the trend towards investment is the only solution to improve the service and urban reality of the province and funding new projects in the field of infrastructure and job creation for young people, especially in the light of low oil prices and the absence of a state budget to finance these projects, noting that the province and during the past three years did not receive any Amounts within the general budget, which led to the cessation of all projects and the inability to maintain the service needs of citizens with increasing population growth in addition to the widespread phenomenon of unemployment among young people.

Al-Mamouri said that the committee of economy and investment parliamentary was able to complete the new investment law and vote on it in the House of Representatives, which is one of the best investment laws since the emergence of the Iraqi state, where exceeded all previous problems that were impeding the process of investment in all areas and provided facilities and privileges for large domestic and foreign investors And work at the beginning of a single window in coordination with the National Investment Commission. ”

He called on “all local and foreign investors to participate in the conference and to see the investment opportunities available in the province of Diyala, noting that the province has a large natural and human resources and a location that allows it to play an important role in the trade process being the link between the north and center of the country and has border crossings with The Islamic Republic of Iran in addition to its proximity to the capital Baghdad. ”

Read more: http://www.dinarupdates.com/showthread.php?50378-The-first-investment-conference-was-held-for-the-end-of-July

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Election of Iraq to the Governing Council of the International Labor Organization

Trend Press / Baghdad The State Department announced on Thursday that Iraq was elected as an alternate member of the ILO Governing Body for the 2017-2020 term for the West Asian Group.

“Iraq was elected an alternate member of the ILO Governing Body for the period 2017-2020 for the West Asia Sub-Group during the elections held during the 106th Session of the International Labor Conference At the organization’s headquarters in Geneva. ”

The statement added that “Iraq has 210 votes out of 253 votes, although the number of votes required on the complex is 127, which makes the second Iraq on his group (ASPAG).”

The statement said that “this victory in the framework of the efforts of the State Department to mobilize international support and support to restore Iraq to its leading position in the international community and access to advanced positions in the United Nations and its competent agencies.”

Read more: http://www.dinarupdates.com/showthread.php?50379-Election-of-Iraq-to-the-Governing-Council-of-the-International-Labor-Organization

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We hold these truths to be self-evident: that all men are created equal; that they are endowed by their Creator with certain unalienable rights; that among these are life, liberty, and the pursuit of happiness.   – Thomas Jefferson

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The Iraqi parliament welcomes the adoption of trade for the first time on two articles of supply from the local product

A member of the House of Representatives Hammam Hamoudi welcomed the adoption by the Ministry of Commerce on the local product in the provision of ration card items of “sugar and edible oil” for the first time since 2003, considering it an important step towards supporting the national product and stopping the external importer.

Hamoudi stressed the need to continue this step and expand it in order to contribute to the advancement of the processing of food “Iraqi” through the factories of the national stalled and the workers sincere and adapted to the needs of the citizen.

Read more:  http://www.dinarupdates.com/showthread.php?50289-The-Iraqi-parliament-welcomes-the-adoption-of-trade-for-the-first-time-on-two-article

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Kaperoni (Dinar Guru)   […is it better for Iraq to rebuild itself at the present rate or at a re- established rate?]   …at this point and time, it does not matter what the exchange rate is regarding rebuilding…since the primary source of revenue is oil sales (95%) which is paid in dollars.  And since the dinar is not globally convertible, Iraq pays for goods in dollars.  So in that sense they are on the same playing field we are on in the US when we pay for goods.   The real benefit comes when the CBI can begin to raise the value to offset inflationary pressure created by investors and investment along with meeting  IMF Article VIII compliance.  The result will eventually give the citizens a better life, greater purchasing power and most importantly the ability for the CBI to keep its dollars and pay in dinars. 

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

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Cabinet votes to release salaries of Nineveh employees

[Asharq Al-Awsat] The Iraqi Council of Ministers voted during its weekly session on Tuesday to release the salaries of Nineveh province employees who have been found not to be linked to the organization.

A statement issued by the office of Prime Minister Haider al-Abbadi and told Ashqaf News that the vote on the release of salaries of employees of the province of Nineveh, who checked security by the security audit team of the Ministry of Interior or by the national security.

The Council also voted to approve the recommendation of the emergency meeting of the Civil Crisis Management Unit concerning the exclusion of the Ministry of Construction, Housing, Municipalities, Public Works and the Municipality of Baghdad in paragraph (3) of the Council of Ministers Resolution No. 329 of 2015, 2017 for purposes of water purification exclusively.

A position was also presented to prepare the employees who received their salaries in the liberated areas and to prepare those who did not receive their salaries with a statement of reasons.

The Council decided to form an operations room in the Ministry of Finance to resolve the problems that appear when the Ministry of Finance audit of payroll lists and continue its work after the official working hours until the completion of the task in the presence of directors of formations responsible for salaries from ministries whose salaries were delayed in Nineveh province.

The Council of Ministers instructed the Ministry of Health to complete the required numbers for grades (central appointments) and submit them to the Ministry of Finance and the Ministry of Finance to include the required allocations within the supplementary budget for 2017.

A vote was also made on the payment of dues to the truck drivers of the Ministry of Commerce, which contributes to support the security forces.

The vote on funding allocations of the Ministry of Education, and directing the Ministry of Finance to open documentary credit for the purchase of textbooks in the form of financial optimization and depending on the allocations approved by the Ministry.

The Council discussed the treatment of traffic jams in the province of Baghdad and was presented a study at the short, medium and long.

Read more: http://www.dinarupdates.com/showthread.php?50286-Cabinet-votes-to-release-salaries-of-Nineveh-employees

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BGG (Dinar Guru) –   “Our economy is space. Monetary policy is an example”  The…article is a VERY HARD translation – BUT IMHO FILLED with DEAD GIVE-AWAYS!  …for those pouting about not being rich yet – this is one more log on the FIRE!  What it means is – they are doing things (up until now) this economist doesn’t understand and can’t explain.  Quotes:  “…we urgently need a new economic philosophy that leads to generating development And to expand the supply and demand for local production in all its variants, especially in an important aspect of monetary policy is dealing with the value of the development of the dinar or the liberation of the value of the dinar...”  “The liberalization or floating of the currency is not strange or innovative in the money market, it is a tool of the monetary policy…”  BOOOOM…That’s all I have to say. That is a DIRECT narrative on the state of the currency value in Iraq. This was published yesterday.  Cannot be anymore direct.

Read more: http://www.dinarupdates.com/observer
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Grant for the development of Iraqi ports

Economy News _ Baghdad: The Ministry of Transport announced Thursday that it has received a grant from the United Nations Educational, Scientific and Cultural Organization (UNESCO) for the rehabilitation and development of ports in the country.

The Director of Media Iraqi Ports Company of the Ministry, Nimr Abdel-Moneim net in a press statement received by “Economy News”, “The company is in receipt of a grant by the United Nations (UNICTAD) of the United Nations, to develop the reality of ports in the country, Lists the needs and requirements of all ports, in addition to the requirements of the Institute of ports of equipment and training devices, noting that the Institute continues to establish training courses to develop the capabilities of the staff working in this area.

He added that the company is working within the framework of an expanded plan to develop and qualify all ports in the country in order to raise the financial revenues of the company in particular and the treasury of the state in general, pointing out at the same time that it intends to establish a container terminal at the port of Faw after the arrival of the project of the Caspian East and West stages Advanced achievement “.

Al-Safi pointed out that “the company has implemented several projects during the past period, contributed to improving the financial reality, including projects, the establishment of new berths and improve the depth drilling to allow the entry of giant vessels to increase the movement of trade.”

He explained that “ports are at the time besieging an important commercial center in the transport of goods, especially as the country enjoys an important strategic position, which contributes to the increase of ports, which is becoming an important economic resource for the country and provide job opportunities for the unemployed.

The province of Basra has a number of ports, Umm Qasr, Khor al-Zubayr and Abu Flus, and the stronghold, while work is underway on the completion of the port of Faw to be one of the largest ports in the region.

Read more: http://www.dinarupdates.com/showthread.php?50373-Grant-for-the-development-of-Iraqi-ports

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

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

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

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

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

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

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

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

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!cid_0534CEE5-9E81-4CFA-9D7F-ACA5BAD2C2DA

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

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

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

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Iraqi Dinar/Dollar auction 06-15-17 (most recent listing)

Currency Auctions Announcement No. 3466

This daily currency auction was held in the Central Bank of Iraq on the 06-15-2017

DETAILS NOTES
Number of banks 40
Number of remittance companies 10
Amount sold at auction price (US$) 165,143,468
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 165,143,468
Total offers for selling (US$) —–

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

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CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1326.435 1325.772
British pound GBP 1506.936 1506.183
Canadian dollar CAD 894.057 893.610
Swiss franc CHF 1220.619 1220.008
Swedish krona SEK 136.365 136.297
Norwegian krone NOK 140.900 140.830
Danish krone DKK 178.372 178.283
Japanese yen JPY 10.759 10.759
Special
Drawing Rights
SDR 1637.389 1637.389

Indicative rates – 06.15.2017

http://www.cbi.iq

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Thanks – BGG!!

www.DinarUpdates.com

Posted in Daily Dinar Updates | Tagged , , , , , , , , , , , , , , , , , , , , | Comments Off on Dinar Daily NEWS Blog – June 15th

Dinar Daily NEWS Blog – June 14th

Air force launches airstrikes on ISIS positions in Salahuddin’s Mutaibajah

Heavy shelling has targeted ISIS positions in Mutaibajah district, located on the borderline between Diyala and Salahuddin Governorates, a local official revealed on Tuesday.

In a press statement, Odai al-Khadran, mayor of al-Khalis town, said that the Iraqi air force has targeted more than ten of ISIS positions,

Early indications point out that the shelling resulted in killing and injuring many of the group’s terrorists as well as destroying the group’s hideouts and explosives’ depots.

On Monday, two of the so-called ‘Cubs of the Caliphate, who are children recruited by the terror group of ISIS, were killed in Mutaibajah district.

In April, Iraqi security forces have uncovered secret ISIS documents in Mutaibajah after inflicting heavy casualties on the terrorist group in Diyala.

A military operation to liberate Mutaibajah, was launched in April.

Read morehttp://www.dinarupdates.com/showthread.php?50292-Air-force-launches-airstrikes-on-ISIS-positions-in-Salahuddin-s-Mutaibajah
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Follow us on twitter @DinarUpdates !!

follow Dinar Updates on twitterDinar Updates – “Conference Call” w/BGG & Company Phone #641-715-3640  Pin# 528733!!   June 15th  –  7:30 pm CST – !!

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Exclusive: Parts freed so far in Mosul explained on map

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

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

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

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

War Media Cell announced Monday Iraqi airstrikes have killed nine ISIS terrorists and destroyed one of the terror group’s positions in Annah district and Mosul.

Also on Monday, federal police said the forces are advancing on al-Nuri district in Mosul, in a push to liberate the last stronghold held by ISIS terror group.

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

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

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

Read more:  http://www.dinarupdates.com/showthread.php?50293-Exclusive-Parts-freed-so-far-in-Mosul-explained-on-map

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MadDScout(Dinar Guru) –   Article:  “The Association of Private Banks appoints a temporary chairman”   Quote:  “the president of the association was accused by specialists on many charges, including providing false information to the Central Bank of Iraq to achieve personal benefits…”  I like this one because it speaks to internal house cleaning…House cleaning within the banking association.  It says that eventually being corrupt will be of no gain.

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Two main parties agree on reactivating Kurdish parliament

Patriotic Union of Kurdistan (PUK) and Kurdistan Democratic Party (KDP) have decided to reactivate the parliament that has not convened for nineteen months, a statement revealed on Wednesday.

A statement issued by PUK said that the party held a meeting with the KDP, attended by Kurdistan Region President Masoud Barzani.

During the meeting, the two sides have agreed on reactivating legislative and governmental institutions, as the region braces for holding a self-determination referendum.

The statement described this move as important in the current stage aiming at uniting all political parties in Kurdistan’s Parliament.

Improving the living conditions of the region’s citizens is necessary as they suffer due to political disputes between Kurdish parties.

The KDP’s call for the reactivation of the Kurdistan parliament came in light of the scheduled Kurdistan referendum on independence on September 25.

The Kurdish Parliament, which was shut down since October 2015 by the KDP-led Kurdish government, has been a major contributing factor to the political deadlock between the five major political parties, particularly between the KDP and Change Movement (Gorran).

Read more: http://www.dinarupdates.com/showthread.php?50294-Two-main-parties-agree-on-reactivating-Kurdish-parliament

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Rafidain Bank opens a current savings account for citizens and the unified card is based mainly on it

Rafidain Bank announced on Wednesday the opening of a savings account for citizens in dinars and dollars.

The bank’s information office said the bank had adopted the unified national card instead of the certificate of Iraqi nationality, the identity of the civil status and the housing card.
The statement said that in the absence of a unified card in the documents required to open the account, it depends on the identity of civil status or passport (exclusively) and housing card or support housing.

The bank called on its branches in Baghdad and the governorates not to provide citizens with the sukuk book unless they obtain the validity of the issuance of the identity of the conditions except for the national card.

Read more: http://www.dinarupdates.com/showthread.php?50299-Rafidain-Bank-opens-a-current-savings-account-for-citizens-and-the-unified-card-is-ba

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OPEC oil prices rise to half a dollar per barrel

Trend Press / Agencies The price of oil OPEC basket on Monday rose nearly half a dollar per barrel compared to its price last Friday.

“The OPEC cartel price reached 45:93 dollars a barrel compared to 45:48 dollars on Friday,” the OPEC Secretariat said Tuesday.

The OPEC basket is made up of desert mix (Algeria), Gerasol (Angola), Orient (Ecuador), Minas (Indonesia), Iran Heavy, Basra Light (Iraq) (Kuwait), Marban (United Arab Emirates) and Miri (Venezuela).

Read more: http://www.dinarupdates.com/showthread.php?50253-OPEC-oil-prices-rise-to-half-a-dollar-per-barrel

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Ports sign contract with Toyota for equipment processing

Minister of Transport Kazem Vajan Al-Yamami said on Monday that the General Company for Iraqi Ports has concluded a contract with Toyota Japan, which includes processing ground equipment, indicating that the Iraqi ports ranked first among the Iraqi companies that benefited from the Japanese loan projects.

Al-Hamami said in a statement that “the Iraqi Ports General Company has concluded a contract with the Japanese company Toyota, which includes ground equipment.” The contract was signed by the Iraqi ports director, Riyad Sawadi, and Toyota Kawashima.

“The signing of this contract comes within the second phase of the Japanese loan projects, where the company invested the first phase of the loan projects in the best way,” pointing out that “the Iraqi ports ranked first among the Iraqi companies that benefited from the Japanese loan projects, Its people to grant a second loan from the loan projects for the reconstruction of Iraqi ports for the second phase.

Includes Basra province, five commercial ports oldest port near the stronghold of the city center, and other ports is the port of Umm Qasr, which established in 1965, and the Ministry of Transport announced in 2010 split into the south and north of the two ports each with its own management, usually receives ships loaded materials imported for the account of the Ministry of Commerce, as witnessed in 1989, the completion of construction of the port of Khor Al-Zubair, which is the second generation ports project, and in 1976 was created Abu Flus port on the West Bank of the Shatt al-Arab within the district of Abu Fertile, while being slow implementation of preliminary projects for the construction of the port great FAO, which is expected to be about Accomplished one of the largest commercial ports in the region.

Read more: http://www.dinarupdates.com/showthread.php?50251-Ports-sign-contract-with-Toyota-for-equipment-processing

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BGG   [kinda get the feeling that this is never gona happen and eventually they will go to the dollar.With all the support and conversation with the IMF – WB – UN… that is not the posture they are preparing…everything they are (the above mentioned groups) projecting lately is the image of progress.

Read more:  http://www.dinarupdates.com/observer/
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BGG (Dinar Guru) –    Mosul is it… I have said all along…I would like to see what the news cycle looks like right after Mosul is done.   I had some guy message me “why is Mosul taking so long“?   They are dug in – they know they will die and have NOTHING TO LOSE…this may take just a bit..let’s all just take a breath and let this whole thing play out…and then… I also said – I want to get a feel for what the News Cycles look like after – for a week or two…this will be the tale of the tape.  …sit back…and let them do their thing…and BTW – it’s not like they haven’t told us in so many ways – what they intend to do.  They have – over and over and over and over.

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

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Air force launches airstrikes on ISIS positions in Salahuddin’s Mutaibajah

Heavy shelling has targeted ISIS positions in Mutaibajah district, located on the borderline between Diyala and Salahuddin Governorates, a local official revealed on Tuesday.

In a press statement, Odai al-Khadran, mayor of al-Khalis town, said that the Iraqi air force has targeted more than ten of ISIS positions,

Early indications point out that the shelling resulted in killing and injuring many of the group’s terrorists as well as destroying the group’s hideouts and explosives’ depots.

On Monday, two of the so-called ‘Cubs of the Caliphate, who are children recruited by the terror group of ISIS, were killed in Mutaibajah district.

In April, Iraqi security forces have uncovered secret ISIS documents in Mutaibajah after inflicting heavy casualties on the terrorist group in Diyala.

A military operation to liberate Mutaibajah, was launched in April.

Read more: http://www.dinarupdates.com/showthread.php?50259-Air-force-launches-airstrikes-on-ISIS-positions-in-Salahuddin-s-Mutaibajah

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Ports signed a contract with Toyota for processing equipment

Baghdad / Range Minister of Transport Kazem Vajan Al-Yamami said on Monday that the General Company for Iraqi Ports has concluded a contract with Toyota Japan, which includes processing ground equipment, indicating that the Iraqi ports ranked first among the Iraqi companies that benefited from the Japanese loan projects.

Al-Hamami said in a statement that “the Iraqi Ports General Company has concluded a contract with the Japanese company Toyota, which includes ground equipment.” The contract was signed by the Iraqi ports director, Riyad Sawadi, and Toyota Kawashima.
“The signing of this contract comes within the second phase of the Japanese loan projects, where the company invested the first phase of the loan projects in the best way,” pointing out that “the Iraqi ports ranked first among the Iraqi companies that benefited from the Japanese loan projects, Its people to grant a second loan from the loan projects for the reconstruction of Iraqi ports for the second phase.

The province of Basra has five commercial ports, the oldest of which is the port of the stronghold near the city center, and the other ports is the port of Umm Qasr, which was established in 1965. In 2010, the Ministry of Transport announced its division into two southern and northern ports, each with its own management. And in 1976 the port of Abu Flus was built on the West Bank of Shatt al-Arab in Abu al-Khasib district, while preliminary projects for the construction of port great FAO, which is expected to be about Accomplished one of the largest commercial ports in the region.

Read more: http://www.dinarupdates.com/showthread.php?50260-Ports-signed-a-contract-with-Toyota-for-processing-equipment

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We hold these truths to be self-evident: that all men are created equal; that they are endowed by their Creator with certain unalienable rights; that among these are life, liberty, and the pursuit of happiness.   – Thomas Jefferson

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The Iraqi parliament welcomes the adoption of trade for the first time on two articles of supply from the local product

A member of the House of Representatives Hammam Hamoudi welcomed the adoption by the Ministry of Commerce on the local product in the provision of ration card items of “sugar and edible oil” for the first time since 2003, considering it an important step towards supporting the national product and stopping the external importer.

Hamoudi stressed the need to continue this step and expand it in order to contribute to the advancement of the processing of food “Iraqi” through the factories of the national stalled and the workers sincere and adapted to the needs of the citizen.

Read more:  http://www.dinarupdates.com/showthread.php?50289-The-Iraqi-parliament-welcomes-the-adoption-of-trade-for-the-first-time-on-two-article

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Kaperoni (Dinar Guru)   […is it better for Iraq to rebuild itself at the present rate or at a re- established rate?]   …at this point and time, it does not matter what the exchange rate is regarding rebuilding…since the primary source of revenue is oil sales (95%) which is paid in dollars.  And since the dinar is not globally convertible, Iraq pays for goods in dollars.  So in that sense they are on the same playing field we are on in the US when we pay for goods.   The real benefit comes when the CBI can begin to raise the value to offset inflationary pressure created by investors and investment along with meeting  IMF Article VIII compliance.  The result will eventually give the citizens a better life, greater purchasing power and most importantly the ability for the CBI to keep its dollars and pay in dinars. 

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

______________________________________________________________

Cabinet votes to release salaries of Nineveh employees

[Asharq Al-Awsat] The Iraqi Council of Ministers voted during its weekly session on Tuesday to release the salaries of Nineveh province employees who have been found not to be linked to the organization.

A statement issued by the office of Prime Minister Haider al-Abbadi and told Ashqaf News that the vote on the release of salaries of employees of the province of Nineveh, who checked security by the security audit team of the Ministry of Interior or by the national security.

The Council also voted to approve the recommendation of the emergency meeting of the Civil Crisis Management Unit concerning the exclusion of the Ministry of Construction, Housing, Municipalities, Public Works and the Municipality of Baghdad in paragraph (3) of the Council of Ministers Resolution No. 329 of 2015, 2017 for purposes of water purification exclusively.

A position was also presented to prepare the employees who received their salaries in the liberated areas and to prepare those who did not receive their salaries with a statement of reasons.

The Council decided to form an operations room in the Ministry of Finance to resolve the problems that appear when the Ministry of Finance audit of payroll lists and continue its work after the official working hours until the completion of the task in the presence of directors of formations responsible for salaries from ministries whose salaries were delayed in Nineveh province.

The Council of Ministers instructed the Ministry of Health to complete the required numbers for grades (central appointments) and submit them to the Ministry of Finance and the Ministry of Finance to include the required allocations within the supplementary budget for 2017.

A vote was also made on the payment of dues to the truck drivers of the Ministry of Commerce, which contributes to support the security forces.

The vote on funding allocations of the Ministry of Education, and directing the Ministry of Finance to open documentary credit for the purchase of textbooks in the form of financial optimization and depending on the allocations approved by the Ministry.

The Council discussed the treatment of traffic jams in the province of Baghdad and was presented a study at the short, medium and long.

Read more: http://www.dinarupdates.com/showthread.php?50286-Cabinet-votes-to-release-salaries-of-Nineveh-employees

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BGG (Dinar Guru) –   “Our economy is space. Monetary policy is an example”  The…article is a VERY HARD translation – BUT IMHO FILLED with DEAD GIVE-AWAYS!  …for those pouting about not being rich yet – this is one more log on the FIRE!  What it means is – they are doing things (up until now) this economist doesn’t understand and can’t explain.  Quotes:  “…we urgently need a new economic philosophy that leads to generating development And to expand the supply and demand for local production in all its variants, especially in an important aspect of monetary policy is dealing with the value of the development of the dinar or the liberation of the value of the dinar...”  “The liberalization or floating of the currency is not strange or innovative in the money market, it is a tool of the monetary policy…”  BOOOOM…That’s all I have to say. That is a DIRECT narrative on the state of the currency value in Iraq. This was published yesterday.  Cannot be anymore direct.

Read more: http://www.dinarupdates.com/observer
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Ministry of Planning shows real funding and the establishment of 3 important projects in Diwaniyah

A document issued by the Ministry of Planning revealed the reality of funding and the ratios of completion of three projects in the province of Diwaniyah.

The document entitled to the office of MP Ghazwan Faisal al-Shabani, a reference to your book No. 10324 on 16-5-2017, we show you the fate of three important strategic projects in Diwaniyah, noting the inclusion in the budget of 2017, the road (Diwaniyah – Afak al-Badir up to To 52 km, and the establishment of the intersection of the bridge bridge, and the stadium of Sabla in Diwaniya with a capacity of 30 thousand spectators, with a four-star hotel 75 rooms).

According to the document, the project of constructing the second corridor of the Diwaniyah-Afak al-Budair road, with a length of 57 km, is included in the budget of 2017 and costed 52 billion dinars, with an annual allocation of 2 billion dinars. And the project was funded by 4 billion dinars distributed 8% of the total deducted from the total salaries and allowances for all employees of the state and the public sector and retirees, and we confirm that the Ministry has twice requested to strengthen the financing of the project above, which was the case.

“The construction project (the intersection of the Republic of the bridge / Diwaniyah), the project is included within the budget of 2017 to the Ministry of Municipalities and Public Works, at a cost of 56 billion and 160 million dinars, and an annual allocation of 150 million dinars, the percentage of material achievement was 23.19%.

Which the country is undergoing, the project has not been funded because the rate of completion is low.

The project of designing and constructing stadiums capacity of 30 thousand spectators in four provinces, namely Diyala and Dhi Qar, Salah al-Din and Diwaniyah, the project is included within the budget of 2017, the Ministry of Youth and Sports, at a cost of 520 billion dinars, and an annual allocation of 15500 million dinars, The project is currently postponed due to the lack of financial allocations and the project is not a priority for the first funding, it has not been funded with adequate allocation to achieve, as well as the establishment of a four-star hotel capacity 75 rooms and the cost of the hotel 114 billion and 450 million dinars. The Ministry is working hard with the Ministry of Youth and Sports Work on the project (research orbit) and find a mechanism to finance it.

Read more: http://www.dinarupdates.com/showthread.php?50282-Ministry-of-Planning-shows-real-funding-and-the-establishment-of-3-important-projects

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

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

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

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

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

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

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

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

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!cid_0534CEE5-9E81-4CFA-9D7F-ACA5BAD2C2DA

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

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Iraqi Dinar/Dollar auction 06-14-17 (most recent listing)

Currency Auctions Announcement No. 3465

This daily currency auction was held in the Central Bank of Iraq on the 06-14-2017

DETAILS NOTES
Number of banks 35
Number of remittance companies 10
Amount sold at auction price (US$) 159,897,265
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 159,897,265
Total offers for selling (US$) —–

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

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CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1328.093 1327.429
British pound GBP 1507.410 1506.656
Canadian dollar CAD 894.395 893.948
Swiss franc CHF 1222.635 1222.024
Swedish krona SEK 135.777 135.709
Norwegian krone NOK 140.479 140.409
Danish krone DKK 178.590 178.501
Japanese yen JPY 10.765 10.759
Special
Drawing Rights
SDR 1637.721 1636.902

Indicative rates – 06.14.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – June 13th

Iraqi armed forces announce progress in Mosul campaign, say district north of old city captured

Iraqi forces on Tuesday reported progress in the U.S.-backed campaign to dislodge Islamic State from Mosul, announcing the capture of a district just north the city’s historic center.

With the loss of the Zanjili neighborhood, the enclave still held by Islamic State in the northern Iraqi city has shrunk to two districts along the western banks of the Tigris river – the densely populated Old City center and the Medical City.

Iraqi government forces retook eastern Mosul in January and began a new push on May 27 to capture the remaining enclave, where up to 200,000 people are trapped.

The Mosul offensive started in October with air and ground support from a U.S.-led international coalition. It has taken much longer than expected as Islamic State is fighting in the middle of civilians, slowing the advance of the assailants.

The fall of Mosul would, in effect, mark the end of the Iraqi half of the “caliphate” declared in 2014 over parts of Iraq and Syria by Islamic State leader Abu Bakr al-Baghdadi, in a speech from a historic mosque in the old city.

In Syria, Kurdish forces backed by U.S.-air strikes are besieging Islamic State forces in the city of Raqqa, the militants’ de facto capital in that country.

About 800,000 people, more than a third of the pre-war population of Mosul, have already fled, seeking refuge either with friends and relatives or in camps.

Read more:  http://www.dinarupdates.com/showthread.php?50247-Iraqi-armed-forces-announce-progress-in-Mosul-campaign-say-district-north-of-old-cit

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Citizens: Government banks circumvent lending regulations

Several citizens and employees in the government sector on Monday complained to banks that they were obliged to grant government loans to “circumvent” their rules and “obstruct” their granting, pointing out that there are many complications that prevent their dreams from obtaining a housing unit. While bankers stressed the lack of correct decision of the banking departments to merge employees and others in the category of “bank borrowing”. Meanwhile, the Parliamentary Finance Committee announced its intention to call the directors-general of the government banks to review the “shortcomings” in their performance, expressing their feeling of “embarrassment to citizens” due to the apparent confusion in the work of these banks.

“Banks are in charge of granting loans that clearly circumscribe the specific controls, obstruct them and present their interests to the public interest,” says Hossam Abbas. “The issue of borrowing is very slow and is faltering, although we hear daily updates on the terms of the banks. Announced through the media. ”

Abbas pointed out that “project loans offered by government banks, can make a quantum leap contribute to reduce the size of unemployment is very high in the country if it went right,” but that requires the deciphering puzzles and question marks that are currently plagued and hindered granting or Slow down, despite the approval of the Council of Ministers. ” He expressed surprise at “changing the instructions for the granting of financial loans several times over the past week,” wondering “when the parties settle on the final form of loans and begin to grant them to the eligible.”

For his part, an employee at the Ministry of Youth and Sports, Mustafa Adel, complained to Mada of “the complicated procedures and conditions that make it impossible for young people to obtain a government loan to realize their dream of buying a housing unit.” “The employee has several advantages, including salary and some large or medium potential, and the experience has proved,” said Majid Al-Souri, a banking expert. That some banks gave loans to senior state employees and in large amounts without a real payment. He promised that the government’s policy of granting loans to citizens “falls within the category of facilitating their affairs,” but added, “But the civil servant is crowding the non-employee on the matter.”

Rafidain Bank decided on March 19 to grant financial loans to support employees and citizens to buy residential units in investment projects that are completed by the National Investment Authority. The Rafidain Bank announced the amendment of the terms and conditions of granting loans announced by the bank last March. In turn, the Finance Committee of the House of Representatives described this continuous change in the terms and conditions of borrowing as “confusion and lack of clear vision” of the fiscal policy of the government banks.

“I really saw the performance of government bank managers, and many found their performance not good,” says Majida al-Tamimi, a member of the committee. “I see new instructions on loans and their terms. After two or three days, , And then show subsequent conditions, so the process of replacing the conditions in a daily manner indicates the process of confusion in the administrations of these banks and the lack of a clear vision to them, which led to confusion of citizens seeking to borrow bank. And on the seriousness of government banks, in lending to citizens or not, Tamimi considered that “it is not in the interest of the ordinary citizen, as much as in favor of those banks that seek to market advertising for themselves, through changing their instructions periodically,” indicating that “the Finance Committee Itself has become in an embarrassing situation for citizens seeking to borrow as a result of daily changes in the application forms for those banks.

“We noticed as a control body the existence of people who are granted loans outside the controls in the banks, which indicates the existence of a large administrative corruption in the work of its administration, according to the principle of nepotism and nepotism,” the Prime Minister to “address this issue in full” , Referring to “the financial committee to submit a lot of reports to the Integrity Commission on corruption in many government banks.”

Tamimi stressed that “the Finance Committee in the House of Representatives, will work after the month of Ramadan, to call the general managers of those banks, to know the extent of imbalance in their performance and what their plans in the management of banking,” stressing the importance of resolving this issue so that others will wake up when they find effective control On their work “. The Council of Ministers voted during its meeting on 30 May to lift the sponsor’s condition of granting loans exclusively for the Basmaya project and mortgage the housing units of the banks (Rafidain, Rashid and Commercial Bank).

The Rafidain Bank, on May 31 last, rejected the instructions issued by the Iraqi Council of Ministers on the cancellation of the sponsor of the complex loan procedures Basmaya.

On this subject, banking expert Majid Al-Souri commented that “there must be a separation between capital and banking management.” The bank is aware of the conditions it has set for the borrower, and if the cabinet promises to guarantee and provide guarantees to the banks, Guarantees and sponsors are through the Investment Authority through which the banks implement the decision.
“The right of government banks to reject the decision of the Council of Ministers, and in case of approval requires the government guarantee the rights of depositors in banks, to bear the subordination of the decision,” noting that “the failure of the borrower to a sponsor, the bank risk of not repay the amount borrowed , And here who is the guarantor?.

Read more: http://www.dinarupdates.com/showthread.php?50250-Citizens-Government-banks-circumvent-lending-regulations

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‘Time not appropriate for holding Kurdistan referendum’ – UK ambassador

Time is not appropriate to hold Kurdistan Region’s referendum on independence, British ambassador to Iraq Frank Baker said on Tuesday, adding the decision to hold it has to be taken in collaboration with Iraq.

In a press statement, Baker noted that the British government’s position is clear as it supports any people’s right to self-determination, stressing that the Iraqi people have the same right.

The EU has stressed that the interests of the Iraqi people require that they remain in a unified Iraq, expressing reservations and caution about setting a date for the referendum on the independence of the Kurdistan region.

The Change (Gorran) Movement and Kurdistan Islamic Movement announced on Tuesday boycotting Kurdistan Region’s referendum on independence.

Kurdistan Regional Government has announced recently that it would vote on September 25 on whether to split from the rest of Iraq and form an independent nation.

Read more: http://www.dinarupdates.com/showthread.php?50255-Time-not-appropriate-for-holding-Kurdistan-referendum-%96-UK-ambassador

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OPEC oil prices rise to half a dollar per barrel

Trend Press / Agencies The price of oil OPEC basket on Monday rose nearly half a dollar per barrel compared to its price last Friday.

“The OPEC cartel price reached 45:93 dollars a barrel compared to 45:48 dollars on Friday,” the OPEC Secretariat said Tuesday.

The OPEC basket is made up of desert mix (Algeria), Gerasol (Angola), Orient (Ecuador), Minas (Indonesia), Iran Heavy, Basra Light (Iraq) (Kuwait), Marban (United Arab Emirates) and Miri (Venezuela).

Read more: http://www.dinarupdates.com/showthread.php?50253-OPEC-oil-prices-rise-to-half-a-dollar-per-barrel

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Ports sign contract with Toyota for equipment processing

Minister of Transport Kazem Vajan Al-Yamami said on Monday that the General Company for Iraqi Ports has concluded a contract with Toyota Japan, which includes processing ground equipment, indicating that the Iraqi ports ranked first among the Iraqi companies that benefited from the Japanese loan projects.

Al-Hamami said in a statement that “the Iraqi Ports General Company has concluded a contract with the Japanese company Toyota, which includes ground equipment.” The contract was signed by the Iraqi ports director, Riyad Sawadi, and Toyota Kawashima.

“The signing of this contract comes within the second phase of the Japanese loan projects, where the company invested the first phase of the loan projects in the best way,” pointing out that “the Iraqi ports ranked first among the Iraqi companies that benefited from the Japanese loan projects, Its people to grant a second loan from the loan projects for the reconstruction of Iraqi ports for the second phase.

Includes Basra province, five commercial ports oldest port near the stronghold of the city center, and other ports is the port of Umm Qasr, which established in 1965, and the Ministry of Transport announced in 2010 split into the south and north of the two ports each with its own management, usually receives ships loaded materials imported for the account of the Ministry of Commerce, as witnessed in 1989, the completion of construction of the port of Khor Al-Zubair, which is the second generation ports project, and in 1976 was created Abu Flus port on the West Bank of the Shatt al-Arab within the district of Abu Fertile, while being slow implementation of preliminary projects for the construction of the port great FAO, which is expected to be about Accomplished one of the largest commercial ports in the region.

Read more: http://www.dinarupdates.com/showthread.php?50251-Ports-sign-contract-with-Toyota-for-equipment-processing

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BGG   [kinda get the feeling that this is never gona happen and eventually they will go to the dollar.With all the support and conversation with the IMF – WB – UN… that is not the posture they are preparing…everything they are (the above mentioned groups) projecting lately is the image of progress.

Read more:  http://www.dinarupdates.com/observer/
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BGG (Dinar Guru) –    Mosul is it… I have said all along…I would like to see what the news cycle looks like right after Mosul is done.   I had some guy message me “why is Mosul taking so long“?   They are dug in – they know they will die and have NOTHING TO LOSE…this may take just a bit..let’s all just take a breath and let this whole thing play out…and then… I also said – I want to get a feel for what the News Cycles look like after – for a week or two…this will be the tale of the tape.  …sit back…and let them do their thing…and BTW – it’s not like they haven’t told us in so many ways – what they intend to do.  They have – over and over and over and over.

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

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Air force launches airstrikes on ISIS positions in Salahuddin’s Mutaibajah

Heavy shelling has targeted ISIS positions in Mutaibajah district, located on the borderline between Diyala and Salahuddin Governorates, a local official revealed on Tuesday.

In a press statement, Odai al-Khadran, mayor of al-Khalis town, said that the Iraqi air force has targeted more than ten of ISIS positions,

Early indications point out that the shelling resulted in killing and injuring many of the group’s terrorists as well as destroying the group’s hideouts and explosives’ depots.

On Monday, two of the so-called ‘Cubs of the Caliphate, who are children recruited by the terror group of ISIS, were killed in Mutaibajah district.

In April, Iraqi security forces have uncovered secret ISIS documents in Mutaibajah after inflicting heavy casualties on the terrorist group in Diyala.

A military operation to liberate Mutaibajah, was launched in April.

Read more: http://www.dinarupdates.com/showthread.php?50259-Air-force-launches-airstrikes-on-ISIS-positions-in-Salahuddin-s-Mutaibajah

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Ports signed a contract with Toyota for processing equipment

Baghdad / Range Minister of Transport Kazem Vajan Al-Yamami said on Monday that the General Company for Iraqi Ports has concluded a contract with Toyota Japan, which includes processing ground equipment, indicating that the Iraqi ports ranked first among the Iraqi companies that benefited from the Japanese loan projects.

Al-Hamami said in a statement that “the Iraqi Ports General Company has concluded a contract with the Japanese company Toyota, which includes ground equipment.” The contract was signed by the Iraqi ports director, Riyad Sawadi, and Toyota Kawashima.
“The signing of this contract comes within the second phase of the Japanese loan projects, where the company invested the first phase of the loan projects in the best way,” pointing out that “the Iraqi ports ranked first among the Iraqi companies that benefited from the Japanese loan projects, Its people to grant a second loan from the loan projects for the reconstruction of Iraqi ports for the second phase.

The province of Basra has five commercial ports, the oldest of which is the port of the stronghold near the city center, and the other ports is the port of Umm Qasr, which was established in 1965. In 2010, the Ministry of Transport announced its division into two southern and northern ports, each with its own management. And in 1976 the port of Abu Flus was built on the West Bank of Shatt al-Arab in Abu al-Khasib district, while preliminary projects for the construction of port great FAO, which is expected to be about Accomplished one of the largest commercial ports in the region.

Read more: http://www.dinarupdates.com/showthread.php?50260-Ports-signed-a-contract-with-Toyota-for-processing-equipment

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We hold these truths to be self-evident: that all men are created equal; that they are endowed by their Creator with certain unalienable rights; that among these are life, liberty, and the pursuit of happiness.   – Thomas Jefferson

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The Iraqi parliament welcomes the adoption of trade for the first time on two articles of supply from the local product

A member of the House of Representatives Hammam Hamoudi welcomed the adoption by the Ministry of Commerce on the local product in the provision of ration card items of “sugar and edible oil” for the first time since 2003, considering it an important step towards supporting the national product and stopping the external importer.

Hamoudi stressed the need to continue this step and expand it in order to contribute to the advancement of the processing of food “Iraqi” through the factories of the national stalled and the workers sincere and adapted to the needs of the citizen.

Read more:  http://www.dinarupdates.com/showthread.php?50289-The-Iraqi-parliament-welcomes-the-adoption-of-trade-for-the-first-time-on-two-article

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Kaperoni (Dinar Guru)   […is it better for Iraq to rebuild itself at the present rate or at a re- established rate?]   …at this point and time, it does not matter what the exchange rate is regarding rebuilding…since the primary source of revenue is oil sales (95%) which is paid in dollars.  And since the dinar is not globally convertible, Iraq pays for goods in dollars.  So in that sense they are on the same playing field we are on in the US when we pay for goods.   The real benefit comes when the CBI can begin to raise the value to offset inflationary pressure created by investors and investment along with meeting  IMF Article VIII compliance.  The result will eventually give the citizens a better life, greater purchasing power and most importantly the ability for the CBI to keep its dollars and pay in dinars. 

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

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Cabinet votes to release salaries of Nineveh employees

[Asharq Al-Awsat] The Iraqi Council of Ministers voted during its weekly session on Tuesday to release the salaries of Nineveh province employees who have been found not to be linked to the organization.

A statement issued by the office of Prime Minister Haider al-Abbadi and told Ashqaf News that the vote on the release of salaries of employees of the province of Nineveh, who checked security by the security audit team of the Ministry of Interior or by the national security.

The Council also voted to approve the recommendation of the emergency meeting of the Civil Crisis Management Unit concerning the exclusion of the Ministry of Construction, Housing, Municipalities, Public Works and the Municipality of Baghdad in paragraph (3) of the Council of Ministers Resolution No. 329 of 2015, 2017 for purposes of water purification exclusively.

A position was also presented to prepare the employees who received their salaries in the liberated areas and to prepare those who did not receive their salaries with a statement of reasons.

The Council decided to form an operations room in the Ministry of Finance to resolve the problems that appear when the Ministry of Finance audit of payroll lists and continue its work after the official working hours until the completion of the task in the presence of directors of formations responsible for salaries from ministries whose salaries were delayed in Nineveh province.

The Council of Ministers instructed the Ministry of Health to complete the required numbers for grades (central appointments) and submit them to the Ministry of Finance and the Ministry of Finance to include the required allocations within the supplementary budget for 2017.

A vote was also made on the payment of dues to the truck drivers of the Ministry of Commerce, which contributes to support the security forces.

The vote on funding allocations of the Ministry of Education, and directing the Ministry of Finance to open documentary credit for the purchase of textbooks in the form of financial optimization and depending on the allocations approved by the Ministry.

The Council discussed the treatment of traffic jams in the province of Baghdad and was presented a study at the short, medium and long.

Read more: http://www.dinarupdates.com/showthread.php?50286-Cabinet-votes-to-release-salaries-of-Nineveh-employees

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BGG (Dinar Guru) –   “Our economy is space. Monetary policy is an example”  The…article is a VERY HARD translation – BUT IMHO FILLED with DEAD GIVE-AWAYS!  …for those pouting about not being rich yet – this is one more log on the FIRE!  What it means is – they are doing things (up until now) this economist doesn’t understand and can’t explain.  Quotes:  “…we urgently need a new economic philosophy that leads to generating development And to expand the supply and demand for local production in all its variants, especially in an important aspect of monetary policy is dealing with the value of the development of the dinar or the liberation of the value of the dinar...”  “The liberalization or floating of the currency is not strange or innovative in the money market, it is a tool of the monetary policy…”  BOOOOM…That’s all I have to say. That is a DIRECT narrative on the state of the currency value in Iraq. This was published yesterday.  Cannot be anymore direct.

Read more: http://www.dinarupdates.com/observer
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Ministry of Planning shows real funding and the establishment of 3 important projects in Diwaniyah

A document issued by the Ministry of Planning revealed the reality of funding and the ratios of completion of three projects in the province of Diwaniyah.

The document entitled to the office of MP Ghazwan Faisal al-Shabani, a reference to your book No. 10324 on 16-5-2017, we show you the fate of three important strategic projects in Diwaniyah, noting the inclusion in the budget of 2017, the road (Diwaniyah – Afak al-Badir up to To 52 km, and the establishment of the intersection of the bridge bridge, and the stadium of Sabla in Diwaniya with a capacity of 30 thousand spectators, with a four-star hotel 75 rooms).

According to the document, the project of constructing the second corridor of the Diwaniyah-Afak al-Budair road, with a length of 57 km, is included in the budget of 2017 and costed 52 billion dinars, with an annual allocation of 2 billion dinars. And the project was funded by 4 billion dinars distributed 8% of the total deducted from the total salaries and allowances for all employees of the state and the public sector and retirees, and we confirm that the Ministry has twice requested to strengthen the financing of the project above, which was the case.

“The construction project (the intersection of the Republic of the bridge / Diwaniyah), the project is included within the budget of 2017 to the Ministry of Municipalities and Public Works, at a cost of 56 billion and 160 million dinars, and an annual allocation of 150 million dinars, the percentage of material achievement was 23.19%.

Which the country is undergoing, the project has not been funded because the rate of completion is low.

The project of designing and constructing stadiums capacity of 30 thousand spectators in four provinces, namely Diyala and Dhi Qar, Salah al-Din and Diwaniyah, the project is included within the budget of 2017, the Ministry of Youth and Sports, at a cost of 520 billion dinars, and an annual allocation of 15500 million dinars, The project is currently postponed due to the lack of financial allocations and the project is not a priority for the first funding, it has not been funded with adequate allocation to achieve, as well as the establishment of a four-star hotel capacity 75 rooms and the cost of the hotel 114 billion and 450 million dinars. The Ministry is working hard with the Ministry of Youth and Sports Work on the project (research orbit) and find a mechanism to finance it.

Read more: http://www.dinarupdates.com/showthread.php?50282-Ministry-of-Planning-shows-real-funding-and-the-establishment-of-3-important-projects

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

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

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

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

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

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

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

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

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Iraqi Dinar/Dollar auction 06-13-17 (most recent listing)

Currency Auctions Announcement No. 3464

This daily currency auction was held in the Central Bank of Iraq on the 06-13-2017

DETAILS NOTES
Number of banks 36
Number of remittance companies 10
Amount sold at auction price (US$) 151,919,500
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 151,919,500
Total offers for selling (US$) —–

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

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CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1328.566 1327.902
British pound GBP 1502.555 1501.804
Canadian dollar CAD 891.231 890.785
Swiss franc CHF 1223.646 1223.034
Swedish krona SEK 135.851 135.784
Norwegian krone NOK 139.872 139.802
Danish krone DKK 178.650 178.560
Japanese yen JPY 10.744 10.739
Special
Drawing Rights
SDR 1637.815 1636.996

Indicative rates – 06.13.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – June 12th

Abadi to the leaders of the crowd: the liberation of Hawija and Tal Afar after the restoration of Mosul

Baghdad Prime Minister Haider al-Abadi discussed with the leaders of the popular crowd the completion of the liberation of the city of Tal Afar, and securing the perimeter of the city to be entrusted with the intrusion into the security forces of the Ministries of Defense and Interior.

During a meeting that took about an hour, the Prime Minister discussed with leaders of the popular crowd the military plans for the forthcoming battles against the preaching organization.

On Saturday evening, Abadi met with formation leaders in the crowd on the third anniversary of his founding. He stressed the closure of the door, which entered the fades across the border after the liberation of most cities and provinces. Stressing the near liberation of Tal Afar and Hawija.

“The meeting took almost an hour to examine several files, including the victories that were achieved as well as the logistical preparations for the coming operations,” MP Ahmad al-Asadi, a spokesman for the crowd, told Al-Mada. “The meeting also focused on completing the liberation of border areas with Syria and To secure them. ”

“The details of the upcoming battle plans can not be addressed at the moment, which will determine the movement of the popular mobilization and its role in these battles,” he said.

“What concerns us now is securing the border with Syria, which extends 450 kilometers.”
During the past week, the crowd announced its arrival at the Iraqi-Syrian border after fighting with the Daash organization through which it was able to liberate the villages west of the Qahtaniya area and the northern district of Al-Baaj.

Meanwhile, Hasan al-Sari, the leader of the crowd, said in a statement to Al-Mada that “the meeting of Prime Minister Haider al-Abadi with the leaders of the popular crowd focused on several axes, including full preparations for the battles that will be conducted by the crowd in Mosul.”

Al-Sari explained that “the meeting witnessed the discussion of the entry of the popular mobilization forces in the battle of Tal Afar expected, which will be after the completion of the liberation of the old city from the control of the organizations directly advocating,” pointing out that “the role of the popular crowd in the battle of Tal Afar will be keeping the perimeter of the city and secure from the elements.

The leader of the popular crowd that “the entry of Tal Afar will be discussed in time and will be the final decision to the commander-in-chief of the armed forces.”

The district of Tal Afar is under the control of the Dahed organization, despite the announcement of the mobilization forces, on 19 November last, the elimination of the judiciary completely from Syria, after the liberation of 4400 km meters, south of Mosul
To Tal Afar.

“The prime minister told the leaders of the crowd to go to Hawija after completing the liberation of Nineveh province from the organizations of the preacher,” said the leader of the Islamic Supreme Council, Saraya al-Jihad, pointing out that “the important battle awaits us battle of Tal Afar.”

On 10 May, Abadi announced the imminent start of the restoration of Hawija district south of Kirkuk, but the operations have not yet started.

“The commander-in-chief of the armed forces assured the leaders of the popular crowd at this meeting that the door that entered from him three years ago will be closed soon,” Hassan al-Sari said, pointing out that “battles of liberation near the end and liberate all cities and provinces.”

“The Prime Minister’s directives to the popular mobilization forces were to hold and complete the liberation of the border with Syria,” said Rayyan Chaldeani, commander of the faction of Napoleon in the crowd, adding that “the meeting touched on plans for future battles to be launched soon.”

Chaldei said in a statement to Al-Mada yesterday that “the meeting dealt with the possibility of opening several fronts and axes and in different regions against organizations calling for the liberation of the rest of the city of Mosul and eliminate the preacher,” stressing that “the next step will see a sudden urging to resolve this battle in a faster Available time”.

Read more:  http://www.dinarupdates.com/showthread.php?50204-Abadi-to-the-leaders-of-the-crowd-the-liberation-of-Hawija-and-Tal-Afar-after-the-re

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Iraqi forces fully liberate ISIS-held al-Zanjili district in Mosul

Iraqi forces regained Zanjili district pushing deeper into the ISIS-held Old City in western Mosul, NRT reported on Saturday.

Shakir Jawdat, commander of the Iraqi Federal Police said in a statement that ISIS militants were ousted from Zanjili district and that Iraqi forces seized large cache of weapons and explosives.

The terrorist group is no longer in control of western Mosul except inside the Old City and parts of the al-Shifa neighborhood.

The advance is part of an operation which began two weeks ago to oust the militants from remaining pockets in Mosul and finish off the offensive to capture the city, now in its eighth month.

Read more: http://www.dinarupdates.com/showthread.php?50108-Iraqi-forces-fully-liberate-ISIS-held-al-Zanjili-district-in-Mosul

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Iraq’s PM Abadi and Barzani Discuss Situation in Iraq

Iraqi Prime Minister Haider Abadi and Kurdistan Region President Masoud Barzani discussed the latest political, security and economic situation in Iraq.

In a phone call on Saturday, Barzani and Abadi discussed the overall political, security and economic situation in the country, according to a statement by the Iraqi PM’s media office.

The two leaders also touched on the latest developments in the battle of Mosul and the victories achieved against the Islamic State (IS) extremist group. They commended the continued and high coordination between the Iraqi army and the Peshmerga forces in the operations to liberate the rest of the areas and eliminate the extremist organization.

The pair also emphasised on the importance of unifying the ranks and keeping away from all that affects the perpetuation of the momentum of the victories in the battle against terror while the forces are close to achieving the final victory over terrorism and restoring stability in the liberated areas.

Read more: http://www.dinarupdates.com/showthread.php?50110-Iraq%92s-PM-Abadi-and-Barzani-Discuss-Situation-in-Iraq

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Iraqi forces take over 90% of western Mosul’s Zanjili, push closer to Old City

Iraqi Federal Police forces took are almost taking over Zanjili district in western Mosul, pushing closer to the Islamic State-held Old City, the service’s commander sid Friday.

Lt. Gen. Shaker Jawdat said his forces were controlling 90 percent of Zanjili district, and were advancing along 10 kilometers in neighboring al-Shifa. Both districts are the last two around the medieval Old City, IS’s last bastion in Mosul from where the group declared in 2014 the establishment of its rule in Iraq and Syria.

Jawdat said his forces had also evacuated tens of civilian families from both areas to safer zones under security control.

Iraqi government troops regained control over eastern Mosul in January after three months of fighting. Operations for the western side of the city launched in mid February, and Iraqi generals say a few hundreds of IS fighters remain in the Old City as a last refuge.

Iraqi forces began late April to advance towards the enclave from the northwest, having besieged it from the south for weeks to no avail.

At least 200.000 civilians are believed to remain in IS captivity in the Old City, and the United Nations said recently that IS systematically shot dead fleeing civilians, killing more than 200 since May 26th,

“Credible reports indicate that more than 231 civilians attempting to flee western Mosul have been killed since 26 May, including at least 204 over three days last week alone,” the U.N. human rights office said in a statement on Thursday.

Read more: http://www.dinarupdates.com/showthread.php?50079-Iraqi-forces-take-over-90-of-western-Mosul%92s-Zanjili-push-closer-to-Old-City

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Prime Minister Dr. Haider Abadi: Iraqi media partner victories

Prime Minister Dr. Haidar al-Abadi said that the Iraqi media is a partner in the victories, and that his role is important in raising morale and breaking the will of the enemy.

This came during a speech delivered by the presence of a large number of journalists and heads of media institutions and political analysts, during which he reviewed the latest military, security and political developments.

He stressed that three years of victories are the result of the unity of the row and the priority of liberation over the side differences because we are facing a common existential threat that threatens all the components of our people, indicating that our heroic forces of the army, police and popular mobilization and Peshmerga has suffered a major defeat by the terrorist.

Dr. Abadi stressed the need for everyone to reach a firm conviction that the source of our strength is religious, national, religious and ideological diversity and we can not live in one color.

He called on everyone to cooperate in the coming period and block the way to return terrorism and extremism and fight corruption with all force, pointing out that community reconciliation must be achieved among the civilian population in order to reassure all citizens.

The media called for awareness in the defense of the state, saying: It is not a fault to defend our country, but it is a duty, and the right of the other to oppose and criticize without prejudice to the national constants and beliefs and the freedom of others, and must move to the stage of application and respect for law in the street and end armed manifestations and overcome Public money .

Read more: http://www.dinarupdates.com/showthread.php?49995-Prime-Minister-Dr-Haider-Abadi-Iraqi-media-partner-victories

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BGG   [kinda get the feeling that this is never gona happen and eventually they will go to the dollar.With all the support and conversation with the IMF – WB – UN… that is not the posture they are preparing…everything they are (the above mentioned groups) projecting lately is the image of progress.

Read more:  http://www.dinarupdates.com/observer/
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BGG (Dinar Guru) –    Mosul is it… I have said all along…I would like to see what the news cycle looks like right after Mosul is done.   I had some guy message me “why is Mosul taking so long“?   They are dug in – they know they will die and have NOTHING TO LOSE…this may take just a bit..let’s all just take a breath and let this whole thing play out…and then… I also said – I want to get a feel for what the News Cycles look like after – for a week or two…this will be the tale of the tape.  …sit back…and let them do their thing…and BTW – it’s not like they haven’t told us in so many ways – what they intend to do.  They have – over and over and over and over.

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

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Masrour Barzani: June 7th Historic Day for Kurdistan

The Chancellor for Kurdistan Region Security Council (KRSC) Masrour Barzani stated on Wednesday that June 7, 2017 marks a historic day for the people of Kurdistan in which the date for running the independence referendum was determined.

“Today is a historic day for Kurdistan. The referendum date is set. On September 25, the people of Kurdistan will determine their future,” Barzani wrote on his Twitter account moments ago.

The decision was made today during a meeting of political parties in the Kurdistan Region, chaired by Kurdistan Region President, Masoud Barzani.

The participants to the meeting agreed on running the referendum on independence from Iraq in the Kurdistan Region and the disputed areas on September 25, 2017 and the general and presidential polls on November 6 this year.

Read more: http://www.dinarupdates.com/showthread.php?50004-Will-the-CBI-Try-Dinar-QE

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Private banks association denies the dismissal of its president from office

We denied the Association of Banks for the Iraqi, the news that talk about the dismissal of its president from office, calling media to stay away from the rumors and transfer news from the source of the main .

The Association of Banks own in a statement press received ” Economy News , ” a copy of it, it is not the health of the information that circulated by some media information on the dismissal of the President of the Association of Banks for the office ” , pointing to the president is still exercising his functions at the headquarters of the Association of Banks own central Baghdad and that change will be through elections.

She added that issuance of such information at the time the current goal of influencing the sector banking especially that the organizations international praised the work of the Association of Banks own during the period current calling media media to precision in the transfer of the news and stay away from targeting personal.

It showed that the Association contributed to the development sector, the banking and was able to train more than a thousand employees a government and particularly the latest means of modern used in banks specifically in the field of combating laundering money and financing of terrorism stressing that ” the Association held many of the conferences and became a gateway to connect banks Iraqi with its counterpart global

Read more: http://www.dinarupdates.com/showthread.php?49999-Private-banks-association-denies-the-dismissal-of-its-president-from-office-Economy

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We hold these truths to be self-evident: that all men are created equal; that they are endowed by their Creator with certain unalienable rights; that among these are life, liberty, and the pursuit of happiness.   – Thomas Jefferson

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The Council of Ministers holds its regular session chaired by Dr. Haider Abadi

The Cabinet held its regular session on Tuesday 6 June 2017 under the chairmanship of the Prime Minister Dr. Haider Abadi.

During the meeting, a vote was taken on the establishment of a factory for the production of cards and passports attached to the draft unified national card.

In addition, a number of decisions were taken on the health side, namely the completion of the Thalassemia building project at Ibn al-Baladi Hospital, in exception to Cabinet Resolution No. 347 of 2015 as one of the important strategic projects within the geographical area of ​​Baghdad Health Department.

The council agreed to complete the 40-bed hospital project in Dujail.

The bill on HIV testing was voted on.

An amendment to the State Council Bill was also introduced.

A bill was also voted to change the name of the provinces of Qadisiyah and Tamim to the provinces of Diwaniya and Kirkuk.

The Cabinet discussed the requirements of the Ministry of Defense in addition to the supplementary budget for 2017 and the entitlements of contractors.

Read more: http://www.dinarupdates.com/showthread.php?49933-The-Council-of-Ministers-holds-its-regular-session-chaired-by-Dr-Haider-Abadi

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Kaperoni (Dinar Guru)   […is it better for Iraq to rebuild itself at the present rate or at a re- established rate?]   …at this point and time, it does not matter what the exchange rate is regarding rebuilding…since the primary source of revenue is oil sales (95%) which is paid in dollars.  And since the dinar is not globally convertible, Iraq pays for goods in dollars.  So in that sense they are on the same playing field we are on in the US when we pay for goods.   The real benefit comes when the CBI can begin to raise the value to offset inflationary pressure created by investors and investment along with meeting  IMF Article VIII compliance.  The result will eventually give the citizens a better life, greater purchasing power and most importantly the ability for the CBI to keep its dollars and pay in dinars. 

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

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The parliamentary economy supports the recent central bank measures to regulate the sale window of the currency

Economy News Baghdad: Announced A committee Economy Parliamentary, Tuesday, Support For procedures the bank Central Last Organized by Action Banks at Window Sale the currency Indicating that the Central Bank carried out the classification in cooperation with the IMF and the World Bank.

She said member A committee Economy Parliamentary elections Najeeba Najib For “the economy News ” , The ” classification the bank Central For banks Dakhla at Window Sale the currency a step Good very Its objective Reform Monetary ” , Shown That “the bank Central Take this is Measures In coordination With Experts Foreigners Specifically From the states United Nations The United States Plus to me Box Cash And the bank International “.

She added That ” evaluation the new Of the Bank Central rely On Seven Items The most prominent Standards Transparency And the wash Money Which gave to her Degree 50 From 100 Plus to me head the money And grant Loans ” , She said to me That ” some Banks Its goal Access at Window Sale the currency To achieve earnings On an account Economy Iraq Than I got On Degrees Low at Classification “.

She confirmed That ” banks Which I got On Centers Last on her that Corrected Status in order to Stay at Window Sale Currency ” , hostess That ” develop Sector The banker Will result to me has evolved Economy And therefore that the bank Central seem Reform From During Window Sale Currency “.

Read more: http://www.dinarupdates.com/showthread.php?49924-The-parliamentary-economy-supports-the-recent-central-bank-measures-to-regulate-the

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BGG (Dinar Guru) –   “Our economy is space. Monetary policy is an example”  The…article is a VERY HARD translation – BUT IMHO FILLED with DEAD GIVE-AWAYS!  …for those pouting about not being rich yet – this is one more log on the FIRE!  What it means is – they are doing things (up until now) this economist doesn’t understand and can’t explain.  Quotes:  “…we urgently need a new economic philosophy that leads to generating development And to expand the supply and demand for local production in all its variants, especially in an important aspect of monetary policy is dealing with the value of the development of the dinar or the liberation of the value of the dinar...”  “The liberalization or floating of the currency is not strange or innovative in the money market, it is a tool of the monetary policy…”  BOOOOM…That’s all I have to say. That is a DIRECT narrative on the state of the currency value in Iraq. This was published yesterday.  Cannot be anymore direct.

Read more: http://www.dinarupdates.com/observer
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The stock market is trading more than a trillion shares during the month of May

Economy News _ Baghdad: The Iraqi market for securities during the month of May more than a trillion shares, achieving an increase in the number of companies and transactions executed during the same month compared to last April.

“The market during the month of May last year was trading 22 sessions in the regular market and 11 sessions in the second market where the ISX60 index closed at the end of May 2017,” said Taha Ahmed Abdel Salam, the market’s executive director. At (591.44) points, down by (6.8%) compared to its value at the close of the month of April (634.98) points.

“The number of companies listed in the market during the month of May reached (101) companies with the number of listed shares (10.739) trillion shares, pointing out that the trading focused on the shares of” banking “and traded at the highest level in the Middle East Bank With the number of shares of 16.8 billion shares, where the closing price of JD (0.400) decreased by (23%) from the previous month’s closing of (0.520) dinars followed by the Bank of Babylon number of shares of 16 billion shares, down by the closing price of (0.330) %) From the previous month’s closing of (0.380) dinars.

He added that “Gulf Commercial Bank had traded the number of shares of 3 billion shares, the closing price of (0.370) dinars by (17%) from the previous month’s closing of (0.450) dinars, followed by Baghdad soft drinks company shares of 2.7 billion shares , Down by (1550%) from the previous month’s closing of (2.200) dinars, followed by Bank of Baghdad with the number of shares of 2.6 billion shares, also fell by the closing price of (0.740) dinars by 17% The previous month of (0.900) dinars, Sumer Bank and the number of shares of 1.5 billion shares, maintaining the closing price of (0.900) dinars on the same closure The former and Al-Mansour Bank traded 1.2 billion shares, the closing price of JD (0.850) dropped by (4%) from the previous month’s close of JD (0.890).

The ratio of the number of shares traded to the number of listed shares in the stock market during the month of May was as follows (the financial transfer sector 4.3%, the insurance sector 4.10%, the financial investment sector 2.28%, the industrial sector 1.15%, the services sector 1.02% Banking sector 0.63%).

“The indicators show that there was an increase in the number of companies traded compared to April last month by (4.6%), where the month of May 68 companies, while an increase in the number of transactions executed by (44.7%), but there was a decline in the The number of shares traded increased by (6%) to (75.745) billion shares in May, and a decrease in the value of shares traded by (20%), which reached (54.121) billion dinars in May, (48) companies out of (68) companies traded in the market. ”

Read more: http://www.dinarupdates.com/showthread.php?49925-The-stock-market-is-trading-more-than-a-trillion-shares-during-the-month-of-May

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

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

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

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

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

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

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

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

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Iraqi Dinar/Dollar auction 06-8-17 (most recent listing)

Currency Auctions Announcement No. 3463

This daily currency auction was held in the Central Bank of Iraq on the 06-12-2017

DETAILS NOTES
Number of banks 37
Number of remittance companies 10
Amount sold at auction price (US$) 153,146,292
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 153,146,292
Total offers for selling (US$) —–

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

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CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1323.238 1322.577
British pound GBP 1510.014 1509.259
Canadian dollar CAD 880.101 879.661
Swiss franc CHF 1218.358 1217.749
Swedish krona SEK 135.556 135.488
Norwegian krone NOK 138.969 138.899
Danish krone DKK 177.906 177.817
Japanese yen JPY 10.734 10.729
Special
Drawing Rights
SDR 1636.442 1635.624

Indicative rates – 06.12.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – June 11th

Iraq PM Abadi hails anti-ISIS quick victory

Iraqi PM Haider Abadi said Sunday that none of the world leaders had dreamed such a quick victory against ISIS terror group, asserting that the banner of victory will soon be lifted.

A statement released by Abadi’s media office said, “Abadi met this morning with special forces and congratulated them on the victories they have achieved in many battles in the mountains of Makhoul, Tikrit, Falluja and others after uniting efforts with the army and the federal police and Counter-Terrorism forces”.

The statement quoted Abadi as saying that “Iraq has the capabilities and power unless it is owned by others, and that none of the leaders of the world was dreaming that victory would be achieved at such a rapid pace,” pointing out that “the dispersion led to the entry of a supporter and our unity led to victories and liberating the land”.

“We are determined to protect citizens, prosecute those involved in organized crimes,” he said.

The Iraqi army, backed by the US-led international coalition, started an offensive to liberate the second largest Iraqi city in October 2016.

The Iraqi army announced it was about to fully recapture Mosul.

Iran-allied IMIS militias participates in the operations. But it is involved in tortures, lootings and killings of civilians, particularly Sunnis.

Read more: http://www.dinarupdates.com/showthread.php?50177-Iraq-PM-Abadi-hails-anti-ISIS-quick-victory

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Iraqi forces fully liberate ISIS-held al-Zanjili district in Mosul

Iraqi forces regained Zanjili district pushing deeper into the ISIS-held Old City in western Mosul, NRT reported on Saturday.

Shakir Jawdat, commander of the Iraqi Federal Police said in a statement that ISIS militants were ousted from Zanjili district and that Iraqi forces seized large cache of weapons and explosives.

The terrorist group is no longer in control of western Mosul except inside the Old City and parts of the al-Shifa neighborhood.

The advance is part of an operation which began two weeks ago to oust the militants from remaining pockets in Mosul and finish off the offensive to capture the city, now in its eighth month.

Read more: http://www.dinarupdates.com/showthread.php?50108-Iraqi-forces-fully-liberate-ISIS-held-al-Zanjili-district-in-Mosul

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Iraq’s PM Abadi and Barzani Discuss Situation in Iraq

Iraqi Prime Minister Haider Abadi and Kurdistan Region President Masoud Barzani discussed the latest political, security and economic situation in Iraq.

In a phone call on Saturday, Barzani and Abadi discussed the overall political, security and economic situation in the country, according to a statement by the Iraqi PM’s media office.

The two leaders also touched on the latest developments in the battle of Mosul and the victories achieved against the Islamic State (IS) extremist group. They commended the continued and high coordination between the Iraqi army and the Peshmerga forces in the operations to liberate the rest of the areas and eliminate the extremist organization.

The pair also emphasised on the importance of unifying the ranks and keeping away from all that affects the perpetuation of the momentum of the victories in the battle against terror while the forces are close to achieving the final victory over terrorism and restoring stability in the liberated areas.

Read more: http://www.dinarupdates.com/showthread.php?50110-Iraq%92s-PM-Abadi-and-Barzani-Discuss-Situation-in-Iraq

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Iraqi forces take over 90% of western Mosul’s Zanjili, push closer to Old City

Iraqi Federal Police forces took are almost taking over Zanjili district in western Mosul, pushing closer to the Islamic State-held Old City, the service’s commander sid Friday.

Lt. Gen. Shaker Jawdat said his forces were controlling 90 percent of Zanjili district, and were advancing along 10 kilometers in neighboring al-Shifa. Both districts are the last two around the medieval Old City, IS’s last bastion in Mosul from where the group declared in 2014 the establishment of its rule in Iraq and Syria.

Jawdat said his forces had also evacuated tens of civilian families from both areas to safer zones under security control.

Iraqi government troops regained control over eastern Mosul in January after three months of fighting. Operations for the western side of the city launched in mid February, and Iraqi generals say a few hundreds of IS fighters remain in the Old City as a last refuge.

Iraqi forces began late April to advance towards the enclave from the northwest, having besieged it from the south for weeks to no avail.

At least 200.000 civilians are believed to remain in IS captivity in the Old City, and the United Nations said recently that IS systematically shot dead fleeing civilians, killing more than 200 since May 26th,

“Credible reports indicate that more than 231 civilians attempting to flee western Mosul have been killed since 26 May, including at least 204 over three days last week alone,” the U.N. human rights office said in a statement on Thursday.

Read more: http://www.dinarupdates.com/showthread.php?50079-Iraqi-forces-take-over-90-of-western-Mosul%92s-Zanjili-push-closer-to-Old-City

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Prime Minister Dr. Haider Abadi: Iraqi media partner victories

Prime Minister Dr. Haidar al-Abadi said that the Iraqi media is a partner in the victories, and that his role is important in raising morale and breaking the will of the enemy.

This came during a speech delivered by the presence of a large number of journalists and heads of media institutions and political analysts, during which he reviewed the latest military, security and political developments.

He stressed that three years of victories are the result of the unity of the row and the priority of liberation over the side differences because we are facing a common existential threat that threatens all the components of our people, indicating that our heroic forces of the army, police and popular mobilization and Peshmerga has suffered a major defeat by the terrorist.

Dr. Abadi stressed the need for everyone to reach a firm conviction that the source of our strength is religious, national, religious and ideological diversity and we can not live in one color.

He called on everyone to cooperate in the coming period and block the way to return terrorism and extremism and fight corruption with all force, pointing out that community reconciliation must be achieved among the civilian population in order to reassure all citizens.

The media called for awareness in the defense of the state, saying: It is not a fault to defend our country, but it is a duty, and the right of the other to oppose and criticize without prejudice to the national constants and beliefs and the freedom of others, and must move to the stage of application and respect for law in the street and end armed manifestations and overcome Public money .

Read more: http://www.dinarupdates.com/showthread.php?49995-Prime-Minister-Dr-Haider-Abadi-Iraqi-media-partner-victories

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BGG   [kinda get the feeling that this is never gona happen and eventually they will go to the dollar.With all the support and conversation with the IMF – WB – UN… that is not the posture they are preparing…everything they are (the above mentioned groups) projecting lately is the image of progress.

Read more:  http://www.dinarupdates.com/observer/
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BGG (Dinar Guru) –    Mosul is it… I have said all along…I would like to see what the news cycle looks like right after Mosul is done.   I had some guy message me “why is Mosul taking so long“?   They are dug in – they know they will die and have NOTHING TO LOSE…this may take just a bit..let’s all just take a breath and let this whole thing play out…and then… I also said – I want to get a feel for what the News Cycles look like after – for a week or two…this will be the tale of the tape.  …sit back…and let them do their thing…and BTW – it’s not like they haven’t told us in so many ways – what they intend to do.  They have – over and over and over and over.

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

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Masrour Barzani: June 7th Historic Day for Kurdistan

The Chancellor for Kurdistan Region Security Council (KRSC) Masrour Barzani stated on Wednesday that June 7, 2017 marks a historic day for the people of Kurdistan in which the date for running the independence referendum was determined.

“Today is a historic day for Kurdistan. The referendum date is set. On September 25, the people of Kurdistan will determine their future,” Barzani wrote on his Twitter account moments ago.

The decision was made today during a meeting of political parties in the Kurdistan Region, chaired by Kurdistan Region President, Masoud Barzani.

The participants to the meeting agreed on running the referendum on independence from Iraq in the Kurdistan Region and the disputed areas on September 25, 2017 and the general and presidential polls on November 6 this year.

Read more: http://www.dinarupdates.com/showthread.php?50004-Will-the-CBI-Try-Dinar-QE

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Private banks association denies the dismissal of its president from office

We denied the Association of Banks for the Iraqi, the news that talk about the dismissal of its president from office, calling media to stay away from the rumors and transfer news from the source of the main .

The Association of Banks own in a statement press received ” Economy News , ” a copy of it, it is not the health of the information that circulated by some media information on the dismissal of the President of the Association of Banks for the office ” , pointing to the president is still exercising his functions at the headquarters of the Association of Banks own central Baghdad and that change will be through elections.

She added that issuance of such information at the time the current goal of influencing the sector banking especially that the organizations international praised the work of the Association of Banks own during the period current calling media media to precision in the transfer of the news and stay away from targeting personal.

It showed that the Association contributed to the development sector, the banking and was able to train more than a thousand employees a government and particularly the latest means of modern used in banks specifically in the field of combating laundering money and financing of terrorism stressing that ” the Association held many of the conferences and became a gateway to connect banks Iraqi with its counterpart global

Read more: http://www.dinarupdates.com/showthread.php?49999-Private-banks-association-denies-the-dismissal-of-its-president-from-office-Economy

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We hold these truths to be self-evident: that all men are created equal; that they are endowed by their Creator with certain unalienable rights; that among these are life, liberty, and the pursuit of happiness.   – Thomas Jefferson

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The Council of Ministers holds its regular session chaired by Dr. Haider Abadi

The Cabinet held its regular session on Tuesday 6 June 2017 under the chairmanship of the Prime Minister Dr. Haider Abadi.

During the meeting, a vote was taken on the establishment of a factory for the production of cards and passports attached to the draft unified national card.

In addition, a number of decisions were taken on the health side, namely the completion of the Thalassemia building project at Ibn al-Baladi Hospital, in exception to Cabinet Resolution No. 347 of 2015 as one of the important strategic projects within the geographical area of ​​Baghdad Health Department.

The council agreed to complete the 40-bed hospital project in Dujail.

The bill on HIV testing was voted on.

An amendment to the State Council Bill was also introduced.

A bill was also voted to change the name of the provinces of Qadisiyah and Tamim to the provinces of Diwaniya and Kirkuk.

The Cabinet discussed the requirements of the Ministry of Defense in addition to the supplementary budget for 2017 and the entitlements of contractors.

Read more: http://www.dinarupdates.com/showthread.php?49933-The-Council-of-Ministers-holds-its-regular-session-chaired-by-Dr-Haider-Abadi

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Kaperoni (Dinar Guru)   […is it better for Iraq to rebuild itself at the present rate or at a re- established rate?]   …at this point and time, it does not matter what the exchange rate is regarding rebuilding…since the primary source of revenue is oil sales (95%) which is paid in dollars.  And since the dinar is not globally convertible, Iraq pays for goods in dollars.  So in that sense they are on the same playing field we are on in the US when we pay for goods.   The real benefit comes when the CBI can begin to raise the value to offset inflationary pressure created by investors and investment along with meeting  IMF Article VIII compliance.  The result will eventually give the citizens a better life, greater purchasing power and most importantly the ability for the CBI to keep its dollars and pay in dinars. 

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

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The parliamentary economy supports the recent central bank measures to regulate the sale window of the currency

Economy News Baghdad: Announced A committee Economy Parliamentary, Tuesday, Support For procedures the bank Central Last Organized by Action Banks at Window Sale the currency Indicating that the Central Bank carried out the classification in cooperation with the IMF and the World Bank.

She said member A committee Economy Parliamentary elections Najeeba Najib For “the economy News ” , The ” classification the bank Central For banks Dakhla at Window Sale the currency a step Good very Its objective Reform Monetary ” , Shown That “the bank Central Take this is Measures In coordination With Experts Foreigners Specifically From the states United Nations The United States Plus to me Box Cash And the bank International “.

She added That ” evaluation the new Of the Bank Central rely On Seven Items The most prominent Standards Transparency And the wash Money Which gave to her Degree 50 From 100 Plus to me head the money And grant Loans ” , She said to me That ” some Banks Its goal Access at Window Sale the currency To achieve earnings On an account Economy Iraq Than I got On Degrees Low at Classification “.

She confirmed That ” banks Which I got On Centers Last on her that Corrected Status in order to Stay at Window Sale Currency ” , hostess That ” develop Sector The banker Will result to me has evolved Economy And therefore that the bank Central seem Reform From During Window Sale Currency “.

Read more: http://www.dinarupdates.com/showthread.php?49924-The-parliamentary-economy-supports-the-recent-central-bank-measures-to-regulate-the

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BGG (Dinar Guru) –   “Our economy is space. Monetary policy is an example”  The…article is a VERY HARD translation – BUT IMHO FILLED with DEAD GIVE-AWAYS!  …for those pouting about not being rich yet – this is one more log on the FIRE!  What it means is – they are doing things (up until now) this economist doesn’t understand and can’t explain.  Quotes:  “…we urgently need a new economic philosophy that leads to generating development And to expand the supply and demand for local production in all its variants, especially in an important aspect of monetary policy is dealing with the value of the development of the dinar or the liberation of the value of the dinar...”  “The liberalization or floating of the currency is not strange or innovative in the money market, it is a tool of the monetary policy…”  BOOOOM…That’s all I have to say. That is a DIRECT narrative on the state of the currency value in Iraq. This was published yesterday.  Cannot be anymore direct.

Read more: http://www.dinarupdates.com/observer
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The stock market is trading more than a trillion shares during the month of May

Economy News _ Baghdad: The Iraqi market for securities during the month of May more than a trillion shares, achieving an increase in the number of companies and transactions executed during the same month compared to last April.

“The market during the month of May last year was trading 22 sessions in the regular market and 11 sessions in the second market where the ISX60 index closed at the end of May 2017,” said Taha Ahmed Abdel Salam, the market’s executive director. At (591.44) points, down by (6.8%) compared to its value at the close of the month of April (634.98) points.

“The number of companies listed in the market during the month of May reached (101) companies with the number of listed shares (10.739) trillion shares, pointing out that the trading focused on the shares of” banking “and traded at the highest level in the Middle East Bank With the number of shares of 16.8 billion shares, where the closing price of JD (0.400) decreased by (23%) from the previous month’s closing of (0.520) dinars followed by the Bank of Babylon number of shares of 16 billion shares, down by the closing price of (0.330) %) From the previous month’s closing of (0.380) dinars.

He added that “Gulf Commercial Bank had traded the number of shares of 3 billion shares, the closing price of (0.370) dinars by (17%) from the previous month’s closing of (0.450) dinars, followed by Baghdad soft drinks company shares of 2.7 billion shares , Down by (1550%) from the previous month’s closing of (2.200) dinars, followed by Bank of Baghdad with the number of shares of 2.6 billion shares, also fell by the closing price of (0.740) dinars by 17% The previous month of (0.900) dinars, Sumer Bank and the number of shares of 1.5 billion shares, maintaining the closing price of (0.900) dinars on the same closure The former and Al-Mansour Bank traded 1.2 billion shares, the closing price of JD (0.850) dropped by (4%) from the previous month’s close of JD (0.890).

The ratio of the number of shares traded to the number of listed shares in the stock market during the month of May was as follows (the financial transfer sector 4.3%, the insurance sector 4.10%, the financial investment sector 2.28%, the industrial sector 1.15%, the services sector 1.02% Banking sector 0.63%).

“The indicators show that there was an increase in the number of companies traded compared to April last month by (4.6%), where the month of May 68 companies, while an increase in the number of transactions executed by (44.7%), but there was a decline in the The number of shares traded increased by (6%) to (75.745) billion shares in May, and a decrease in the value of shares traded by (20%), which reached (54.121) billion dinars in May, (48) companies out of (68) companies traded in the market. ”

Read more: http://www.dinarupdates.com/showthread.php?49925-The-stock-market-is-trading-more-than-a-trillion-shares-during-the-month-of-May

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

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

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

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

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

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

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

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

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!cid_0534CEE5-9E81-4CFA-9D7F-ACA5BAD2C2DA

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

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Iraqi Dinar/Dollar auction 06-8-17 (most recent listing)

Currency Auctions Announcement No. 3461

This daily currency auction was held in the Central Bank of Iraq on the 06-08-2017

DETAILS NOTES
Number of banks 31
Number of remittance companies 11
Amount sold at auction price (US$) 160,740,856
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 160,740,856
Total offers for selling (US$) —–

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

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CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1328.093 1327.429
British pound GBP 1527.360 1526.596
Canadian dollar CAD 877.557 877.118
Swiss franc CHF 1224.026 1223.414
Swedish krona SEK 136.274 136.206
Norwegian krone NOK 139.766 139.696
Danish krone DKK 178.539 178.450
Japanese yen JPY 10.813 10.807
Special
Drawing Rights
SDR 1640.574 1639.754

Indicative rates – 06.8.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – June 10th

Security forces starts regaining Mosul’s Mahalabia area

Security forces launched on Saturday morning a military operation that aims to recapture Mahalabia area in eastern Tel Afar west of Mosul city in Nineveh governorate, Commander of Nineveh operations, Major General Najim Al-Jubouri said.

Iraq Army 15th Division 75th and 92nd brigade started the operation at 6 a.m. (local time) to regain the area from ISIS terrorist group.

Jubouri asserted that IMIS did not participate in the military operation.

On February 19th, the Iraqi Army launched a massive operation to retake Mosul city which has been under the control of the terrorist group since June 2014.

Read more: http://www.dinarupdates.com/showthread.php?50111-Security-forces-starts-regaining-Mosul-s-Mahalabia-area

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Follow us on twitter @DinarUpdates !!

follow Dinar Updates on twitterDinar Updates – “News Time” w/BGG & Company!! June 11th  –  7:30 pm CST – In the DU Chat Room!!

www.DinarUpdates.com – save as favorite

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Iraqi forces fully liberate ISIS-held al-Zanjili district in Mosul

Iraqi forces regained Zanjili district pushing deeper into the ISIS-held Old City in western Mosul, NRT reported on Saturday.

Shakir Jawdat, commander of the Iraqi Federal Police said in a statement that ISIS militants were ousted from Zanjili district and that Iraqi forces seized large cache of weapons and explosives.

The terrorist group is no longer in control of western Mosul except inside the Old City and parts of the al-Shifa neighborhood.

The advance is part of an operation which began two weeks ago to oust the militants from remaining pockets in Mosul and finish off the offensive to capture the city, now in its eighth month.

Read more: http://www.dinarupdates.com/showthread.php?50108-Iraqi-forces-fully-liberate-ISIS-held-al-Zanjili-district-in-Mosul

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Iraq’s PM Abadi and Barzani Discuss Situation in Iraq

Iraqi Prime Minister Haider Abadi and Kurdistan Region President Masoud Barzani discussed the latest political, security and economic situation in Iraq.

In a phone call on Saturday, Barzani and Abadi discussed the overall political, security and economic situation in the country, according to a statement by the Iraqi PM’s media office.

The two leaders also touched on the latest developments in the battle of Mosul and the victories achieved against the Islamic State (IS) extremist group. They commended the continued and high coordination between the Iraqi army and the Peshmerga forces in the operations to liberate the rest of the areas and eliminate the extremist organization.

The pair also emphasised on the importance of unifying the ranks and keeping away from all that affects the perpetuation of the momentum of the victories in the battle against terror while the forces are close to achieving the final victory over terrorism and restoring stability in the liberated areas.

Read more: http://www.dinarupdates.com/showthread.php?50110-Iraq%92s-PM-Abadi-and-Barzani-Discuss-Situation-in-Iraq

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Iraqi forces take over 90% of western Mosul’s Zanjili, push closer to Old City

Iraqi Federal Police forces took are almost taking over Zanjili district in western Mosul, pushing closer to the Islamic State-held Old City, the service’s commander sid Friday.

Lt. Gen. Shaker Jawdat said his forces were controlling 90 percent of Zanjili district, and were advancing along 10 kilometers in neighboring al-Shifa. Both districts are the last two around the medieval Old City, IS’s last bastion in Mosul from where the group declared in 2014 the establishment of its rule in Iraq and Syria.

Jawdat said his forces had also evacuated tens of civilian families from both areas to safer zones under security control.

Iraqi government troops regained control over eastern Mosul in January after three months of fighting. Operations for the western side of the city launched in mid February, and Iraqi generals say a few hundreds of IS fighters remain in the Old City as a last refuge.

Iraqi forces began late April to advance towards the enclave from the northwest, having besieged it from the south for weeks to no avail.

At least 200.000 civilians are believed to remain in IS captivity in the Old City, and the United Nations said recently that IS systematically shot dead fleeing civilians, killing more than 200 since May 26th,

“Credible reports indicate that more than 231 civilians attempting to flee western Mosul have been killed since 26 May, including at least 204 over three days last week alone,” the U.N. human rights office said in a statement on Thursday.

Read more: http://www.dinarupdates.com/showthread.php?50079-Iraqi-forces-take-over-90-of-western-Mosul%92s-Zanjili-push-closer-to-Old-City

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Prime Minister Dr. Haider Abadi: Iraqi media partner victories

Prime Minister Dr. Haidar al-Abadi said that the Iraqi media is a partner in the victories, and that his role is important in raising morale and breaking the will of the enemy.

This came during a speech delivered by the presence of a large number of journalists and heads of media institutions and political analysts, during which he reviewed the latest military, security and political developments.

He stressed that three years of victories are the result of the unity of the row and the priority of liberation over the side differences because we are facing a common existential threat that threatens all the components of our people, indicating that our heroic forces of the army, police and popular mobilization and Peshmerga has suffered a major defeat by the terrorist.

Dr. Abadi stressed the need for everyone to reach a firm conviction that the source of our strength is religious, national, religious and ideological diversity and we can not live in one color.

He called on everyone to cooperate in the coming period and block the way to return terrorism and extremism and fight corruption with all force, pointing out that community reconciliation must be achieved among the civilian population in order to reassure all citizens.

The media called for awareness in the defense of the state, saying: It is not a fault to defend our country, but it is a duty, and the right of the other to oppose and criticize without prejudice to the national constants and beliefs and the freedom of others, and must move to the stage of application and respect for law in the street and end armed manifestations and overcome Public money .

Read more: http://www.dinarupdates.com/showthread.php?49995-Prime-Minister-Dr-Haider-Abadi-Iraqi-media-partner-victories

______________________________________________________________

BGG   [kinda get the feeling that this is never gona happen and eventually they will go to the dollar.With all the support and conversation with the IMF – WB – UN… that is not the posture they are preparing…everything they are (the above mentioned groups) projecting lately is the image of progress.

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

BGG (Dinar Guru) –    Mosul is it… I have said all along…I would like to see what the news cycle looks like right after Mosul is done.   I had some guy message me “why is Mosul taking so long“?   They are dug in – they know they will die and have NOTHING TO LOSE…this may take just a bit..let’s all just take a breath and let this whole thing play out…and then… I also said – I want to get a feel for what the News Cycles look like after – for a week or two…this will be the tale of the tape.  …sit back…and let them do their thing…and BTW – it’s not like they haven’t told us in so many ways – what they intend to do.  They have – over and over and over and over.

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

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Masrour Barzani: June 7th Historic Day for Kurdistan

The Chancellor for Kurdistan Region Security Council (KRSC) Masrour Barzani stated on Wednesday that June 7, 2017 marks a historic day for the people of Kurdistan in which the date for running the independence referendum was determined.

“Today is a historic day for Kurdistan. The referendum date is set. On September 25, the people of Kurdistan will determine their future,” Barzani wrote on his Twitter account moments ago.

The decision was made today during a meeting of political parties in the Kurdistan Region, chaired by Kurdistan Region President, Masoud Barzani.

The participants to the meeting agreed on running the referendum on independence from Iraq in the Kurdistan Region and the disputed areas on September 25, 2017 and the general and presidential polls on November 6 this year.

Read more: http://www.dinarupdates.com/showthread.php?50004-Will-the-CBI-Try-Dinar-QE

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Private banks association denies the dismissal of its president from office

We denied the Association of Banks for the Iraqi, the news that talk about the dismissal of its president from office, calling media to stay away from the rumors and transfer news from the source of the main .

The Association of Banks own in a statement press received ” Economy News , ” a copy of it, it is not the health of the information that circulated by some media information on the dismissal of the President of the Association of Banks for the office ” , pointing to the president is still exercising his functions at the headquarters of the Association of Banks own central Baghdad and that change will be through elections.

She added that issuance of such information at the time the current goal of influencing the sector banking especially that the organizations international praised the work of the Association of Banks own during the period current calling media media to precision in the transfer of the news and stay away from targeting personal.

It showed that the Association contributed to the development sector, the banking and was able to train more than a thousand employees a government and particularly the latest means of modern used in banks specifically in the field of combating laundering money and financing of terrorism stressing that ” the Association held many of the conferences and became a gateway to connect banks Iraqi with its counterpart global

Read more: http://www.dinarupdates.com/showthread.php?49999-Private-banks-association-denies-the-dismissal-of-its-president-from-office-Economy

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We hold these truths to be self-evident: that all men are created equal; that they are endowed by their Creator with certain unalienable rights; that among these are life, liberty, and the pursuit of happiness.   – Thomas Jefferson

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The Council of Ministers holds its regular session chaired by Dr. Haider Abadi

The Cabinet held its regular session on Tuesday 6 June 2017 under the chairmanship of the Prime Minister Dr. Haider Abadi.

During the meeting, a vote was taken on the establishment of a factory for the production of cards and passports attached to the draft unified national card.

In addition, a number of decisions were taken on the health side, namely the completion of the Thalassemia building project at Ibn al-Baladi Hospital, in exception to Cabinet Resolution No. 347 of 2015 as one of the important strategic projects within the geographical area of ​​Baghdad Health Department.

The council agreed to complete the 40-bed hospital project in Dujail.

The bill on HIV testing was voted on.

An amendment to the State Council Bill was also introduced.

A bill was also voted to change the name of the provinces of Qadisiyah and Tamim to the provinces of Diwaniya and Kirkuk.

The Cabinet discussed the requirements of the Ministry of Defense in addition to the supplementary budget for 2017 and the entitlements of contractors.

Read more: http://www.dinarupdates.com/showthread.php?49933-The-Council-of-Ministers-holds-its-regular-session-chaired-by-Dr-Haider-Abadi

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Kaperoni (Dinar Guru)   […is it better for Iraq to rebuild itself at the present rate or at a re- established rate?]   …at this point and time, it does not matter what the exchange rate is regarding rebuilding…since the primary source of revenue is oil sales (95%) which is paid in dollars.  And since the dinar is not globally convertible, Iraq pays for goods in dollars.  So in that sense they are on the same playing field we are on in the US when we pay for goods.   The real benefit comes when the CBI can begin to raise the value to offset inflationary pressure created by investors and investment along with meeting  IMF Article VIII compliance.  The result will eventually give the citizens a better life, greater purchasing power and most importantly the ability for the CBI to keep its dollars and pay in dinars. 

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

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The parliamentary economy supports the recent central bank measures to regulate the sale window of the currency

Economy News Baghdad: Announced A committee Economy Parliamentary, Tuesday, Support For procedures the bank Central Last Organized by Action Banks at Window Sale the currency Indicating that the Central Bank carried out the classification in cooperation with the IMF and the World Bank.

She said member A committee Economy Parliamentary elections Najeeba Najib For “the economy News ” , The ” classification the bank Central For banks Dakhla at Window Sale the currency a step Good very Its objective Reform Monetary ” , Shown That “the bank Central Take this is Measures In coordination With Experts Foreigners Specifically From the states United Nations The United States Plus to me Box Cash And the bank International “.

She added That ” evaluation the new Of the Bank Central rely On Seven Items The most prominent Standards Transparency And the wash Money Which gave to her Degree 50 From 100 Plus to me head the money And grant Loans ” , She said to me That ” some Banks Its goal Access at Window Sale the currency To achieve earnings On an account Economy Iraq Than I got On Degrees Low at Classification “.

She confirmed That ” banks Which I got On Centers Last on her that Corrected Status in order to Stay at Window Sale Currency ” , hostess That ” develop Sector The banker Will result to me has evolved Economy And therefore that the bank Central seem Reform From During Window Sale Currency “.

Read more: http://www.dinarupdates.com/showthread.php?49924-The-parliamentary-economy-supports-the-recent-central-bank-measures-to-regulate-the

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BGG (Dinar Guru) –   “Our economy is space. Monetary policy is an example”  The…article is a VERY HARD translation – BUT IMHO FILLED with DEAD GIVE-AWAYS!  …for those pouting about not being rich yet – this is one more log on the FIRE!  What it means is – they are doing things (up until now) this economist doesn’t understand and can’t explain.  Quotes:  “…we urgently need a new economic philosophy that leads to generating development And to expand the supply and demand for local production in all its variants, especially in an important aspect of monetary policy is dealing with the value of the development of the dinar or the liberation of the value of the dinar...”  “The liberalization or floating of the currency is not strange or innovative in the money market, it is a tool of the monetary policy…”  BOOOOM…That’s all I have to say. That is a DIRECT narrative on the state of the currency value in Iraq. This was published yesterday.  Cannot be anymore direct.

Read more: http://www.dinarupdates.com/observer
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The stock market is trading more than a trillion shares during the month of May

Economy News _ Baghdad: The Iraqi market for securities during the month of May more than a trillion shares, achieving an increase in the number of companies and transactions executed during the same month compared to last April.

“The market during the month of May last year was trading 22 sessions in the regular market and 11 sessions in the second market where the ISX60 index closed at the end of May 2017,” said Taha Ahmed Abdel Salam, the market’s executive director. At (591.44) points, down by (6.8%) compared to its value at the close of the month of April (634.98) points.

“The number of companies listed in the market during the month of May reached (101) companies with the number of listed shares (10.739) trillion shares, pointing out that the trading focused on the shares of” banking “and traded at the highest level in the Middle East Bank With the number of shares of 16.8 billion shares, where the closing price of JD (0.400) decreased by (23%) from the previous month’s closing of (0.520) dinars followed by the Bank of Babylon number of shares of 16 billion shares, down by the closing price of (0.330) %) From the previous month’s closing of (0.380) dinars.

He added that “Gulf Commercial Bank had traded the number of shares of 3 billion shares, the closing price of (0.370) dinars by (17%) from the previous month’s closing of (0.450) dinars, followed by Baghdad soft drinks company shares of 2.7 billion shares , Down by (1550%) from the previous month’s closing of (2.200) dinars, followed by Bank of Baghdad with the number of shares of 2.6 billion shares, also fell by the closing price of (0.740) dinars by 17% The previous month of (0.900) dinars, Sumer Bank and the number of shares of 1.5 billion shares, maintaining the closing price of (0.900) dinars on the same closure The former and Al-Mansour Bank traded 1.2 billion shares, the closing price of JD (0.850) dropped by (4%) from the previous month’s close of JD (0.890).

The ratio of the number of shares traded to the number of listed shares in the stock market during the month of May was as follows (the financial transfer sector 4.3%, the insurance sector 4.10%, the financial investment sector 2.28%, the industrial sector 1.15%, the services sector 1.02% Banking sector 0.63%).

“The indicators show that there was an increase in the number of companies traded compared to April last month by (4.6%), where the month of May 68 companies, while an increase in the number of transactions executed by (44.7%), but there was a decline in the The number of shares traded increased by (6%) to (75.745) billion shares in May, and a decrease in the value of shares traded by (20%), which reached (54.121) billion dinars in May, (48) companies out of (68) companies traded in the market. ”

Read more: http://www.dinarupdates.com/showthread.php?49925-The-stock-market-is-trading-more-than-a-trillion-shares-during-the-month-of-May

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

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

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

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

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

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

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

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

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!cid_0534CEE5-9E81-4CFA-9D7F-ACA5BAD2C2DA

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Iraqi Dinar/Dollar auction 06-8-17 (most recent listing)

Currency Auctions Announcement No. 3461

This daily currency auction was held in the Central Bank of Iraq on the 06-08-2017

DETAILS NOTES
Number of banks 31
Number of remittance companies 11
Amount sold at auction price (US$) 160,740,856
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 160,740,856
Total offers for selling (US$) —–

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

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CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1328.093 1327.429
British pound GBP 1527.360 1526.596
Canadian dollar CAD 877.557 877.118
Swiss franc CHF 1224.026 1223.414
Swedish krona SEK 136.274 136.206
Norwegian krone NOK 139.766 139.696
Danish krone DKK 178.539 178.450
Japanese yen JPY 10.813 10.807
Special
Drawing Rights
SDR 1640.574 1639.754

Indicative rates – 06.8.2017

http://www.cbi.iq

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