Dinar Daily NEWS Blog – April 19th

Trump Promised Turkey’s Erdogan Close Cooperation on Syria, Iraq, PKK: Turkish Sources

ANKARA (Reuters) – U.S. President Donald Trump congratulated Turkish President Tayyip Erdogan on his referendum campaign in a phone call on Monday and vowed close cooperation on Syria, Iraq and the fight against Kurdish militants, Turkish presidential sources said.

“I value our friendship, we have many important things to do together,” Trump was quoted by the sources as saying in a statement giving a readout of the call.

Read more:   http://www.dinarupdates.com/showthread.php?48291-Trump-Promised-Turkey-s-Erdogan-Close-Cooperation-on-Syria-Iraq-PKK-Turkish-Source

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الأمم المتحدة: نزوح 493 ألف شخص من الموصل

UN: 493 thousand people displaced from Mosul

{Baghdad: Euphrates News} The United Nations announced on Monday, the displacement of about half a million people of Mosul

Lise Grande Humanitarian Coordinator of the United Nations in Iraq, in a statement that the number of civilians who continue to flee from the city of Mosul , a stunning adding that the worst hypothesis when the fighting began was the possibility of the escape of a million people from Mosul and currently stands at the number of displaced about 493 thousand.
The Ministry of Displacement and Migration, announced the first of this April, a quarter of the preparation of the displaced people have returned to Nineveh Mnatgahm.anthy

Read more:  http://www.dinarupdates.com/showthread.php?48287-UN-493-thousand-people-displaced-from-Mosul-2017-4-17

BGG   Article:  “Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange rate has become 3 or 4 thousand, and perhaps more”    Article quote:  “On the prospects of floating Aldenarabraghi, similar to other countries in the region, Keywords said that it is Matrouh sealed now, and we are working on editing currency and not float, a large difference between the two”  that is a BIG ARTICLE…there won’t be any FLOAT… (no float). PERIOD.

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

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Jubouri to Germany’s foreign minister: Iraq is on the verge of a new phase after the removal of the supporter of the terrorist

Speaker of the House of Representatives Salim al-Jubouri said that Iraq is coming to a new stage after getting rid of the terrorist and the need to stand with the international community with him, while the German Foreign Minister Sigmar Gabriel said that community reconciliation after the guerrilla stage, calling the terrorist step is important to achieve stability in Iraq.

“Jubouri received today the German Foreign Minister and his accompanying delegation and discussed with him the most prominent developments in the security and political developments in Iraq and the region, the victories achieved by the Iraqi security forces against gangs, and the means of coordination and cooperation between Iraq and the international community in order to increase military and humanitarian support. Agathia “.

“The importance of continuing international support for Iraq, especially with regard to the return of displaced people and reconstruction of areas affected by terrorism, and the role of Germany as part of the international coalition in support of Iraq.”

He pointed out that “the relations between Iraq and Germany are at a distinct stage and must be exploited all opportunities to increase bilateral cooperation in all fields, and the House of Representatives is supportive of anything that would expand the frameworks of cooperation between the two countries.”

Jubouri noted that “the House of Representatives continues to legislate important laws that are reflected on the lives of citizens daily.”

For his part, the German foreign minister said that his country is keen to continue supporting Iraq in its fight against terrorism and the importance of expanding the horizons of joint cooperation to achieve the interests of the two friendly peoples.

He pointed out that “the challenges facing Iraq are large and need to combine all internal and external efforts to overcome them.”

He pointed out that “the Iraqi parliament is doing a large and important and fruitful work, especially in light of the diversity existing in the country.”

Read More: http://www.dinarupdates.com/showthread.php?48303-Jubouri-to-Germany-s-foreign-minister-Iraq-is-on-the-verge-of-a-new-phase-after-the

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العبادي يتفقد عدد من احياء ايمن الموصل

URGENT Abadi arrives in Mosul

Arrived Prime Minister General Commander of the Armed Forces Haider al – Abadi to the city of Mosul to inspect pieces of operations are coming …
Abadi inspects several districts of Mosul, Ayman – Prime Minister Haider al – Abadi on a number of neighborhoods the right side of the city of Mosul , and met its people and listened to their problems after its liberation from the terrorist gangs Daesh .

Read more: http://www.dinarupdates.com/showthread.php?48292-URGENT-Abadi-arrives-in-Mosul

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Liberation of Tal Afar awaits a Turkish – American deal after the restoration of Mosul

تحرير تلعفر ينتظر صفقة تركية - اميركية بعد استعادة الموصل

Baghdad Prime Minister Haider al-Abadi will have to persuade the international coalition led by the United States to launch a military operation to free Tal Afar. At least, this process will not begin until the liberation of the entire city of Mosul, which is 60 kilometers away from the judiciary.

Da’ash still controls northern neighborhoods and the center of the Old City on the right coast. Joint forces face obstacles in evacuating civilians, which could prolong the fighting.

Turkman’s deputies say that the unwillingness to escalate with Turkey has prompted Prime Minister Haider al-Abadi to postpone the liberation of the Tal Afar district, which the crowd has been besieging for months.

Turkey threatened several months ago to intervene militarily if Baghdad decided to involve the crowd in liberating the mainly Turkmen city.

And failed all Iraqi attempts to force Turkey to withdraw troops stationed near Baasika more than a year ago.

American decision

“If America agrees to the military operation, Turkey will not object,” said Turkmen MP Nahla al-Hababi, who is from Tal Afar.

“The prime minister, Haider al-Abadi, must convince the international coalition to liberate Tal Afar,” al-Hababi said in an interview with Al-Mada.

The MP believes Nineveh that Washington and Ankara are strong allies in the region. “America is the one who encourages Turkey to stay in Ba’asyika, or it would have withdrawn its forces immediately from Turkey,” she said.

Habibi said that Turkey is one of the main obstacles to the liberation of the majority Turkmen city, noting that “Abbadi postponed the clash with Turkey now for Tal Afar until the liberation of Mosul.”

The Turkmen describe Turkey’s claims of protecting them as “untrue,” referring to its release of the massacres carried out by a preacher in Tal Afar 10 days after the fall of Mosul in June 2014.

“Turkey has closed the doors to the displaced, and some of them have entered diplomatic circles with them,” the Turkmen representative said.

About 200,000 people fled Tal Afar, most of them living in camps for displaced people in Najaf and Karbala.

In contrast, the Turkmen MP points out that the liberation of the city is becoming more complex. “The city will be part of the US-Russian settlement in exchange for Syria’s last battles in Raqqa,” the Turkmen official said.

So Habibi demands that Abbadi seek the interest of the country “and agree with the international coalition to regain control of Tal Afar.”

Fears of vengeance

The problem of the liberation of Tal Afar is not limited to international interventions. As Habibi says that “most of the leadership leaders are Turkmen year of Tal Afar, have carried out executions and killing against the Shiite population, so there are fears of retaliation operations Liberation “.

Over the past few months, a number of Sunni leaders have been active at home to make a decision to prevent the participation of the crowd in the battle to liberate Tal Afar. “The Iraqi army forces and the police will take over the task of liberating Tal Afar,” he said.

The MP Izz al-Din state said, after a meeting of the elders of Tal Afar with the Prime Minister in November last, “Abadi agreed to our request, and decided to send the army, the federal police, and the anti-terrorism to liberalize the judiciary.”

Noting that “Abadi asked us after liberation to form a joint force in the judiciary.”
Simultaneously with the beginning of the battle for liberation in eastern Mosul in November, the crowd began a series of operations to liberate southern Mosul to Tal Afar.

The popular crowd said it had liberated 4,400 km from Mosul to Tal Afar and cut off the road with Syria.

The 15th Iraqi Army Division joined the fighting in western Mosul, in conjunction with Abadi, on the parties involved in the liberation of Mosul.

Zero hour

The commander of the operations of Nineveh Major General Najm Jubouri that the Iraqi army forces in the 15th Division is preparing to storm the district of Tal Afar. Jubouri said in February that “the band is waiting for the command of the commander-in-chief of the armed forces to launch the military operation.”

But the military operation has not yet begun. “The military operation will not take place before the liberation of Mosul,” said Mohammed al-Bayati, head of the Ninewa Security Committee.

Al-Bayati has no explanation for the reason for the return of control over the entire Mosul, before the restoration of the predominantly Turkmen city.

“We have heard from the military leaders that the liberation of Tal Afar will be after the completion of control of the right-hand coast of Mosul,” he said.

On the other hand, there is no problem with the number of troops, according to the local official. “The popular crowd, the Tal Afar police force and the 92nd Brigade of the army, most of whom are from the city, will participate in the liberation of Tal Afar,” he said.

The crowd (the Hussein Brigade), which includes 6,000 members of Tal Afar, will be the only faction to take part in the battles.

In contrast, al-Bayati said that “more than a group of Sunni Turkmen in Tal Afar formed in the next stage, will participate in the process of liberation.”

Read More: http://www.dinarupdates.com/showthread.php?48301-Liberation-of-Tal-Afar-awaits-a-Turkish-American-deal-after-the-restoration-of-Mosu

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Resumption of oil exports from the repaired port of Basra

Military information cell said Tuesday, destroying the terrorist organization headquarters stations ISIS uses as fuel stations strike Army aviation in Mosul.

She said in a statement received cell/balance of news copy, CH4 plane March flight of the Army directed an air strike in Mosul’s Al-Ba’aj, destroying a site stores used by gangs of ISIS as a gas station to fuel their premises”.

The strike also resulted in the destruction of a site a caravan with fuel tanks used as a gas station to fill up at the same area.”.

Cell noted that “process intelligence cell information tmatastnada coming yaninoi/General Directorate of intelligence and security.”

Read More:  http://www.dinarupdates.com/showthread.php?48270-Army-aviation-is-destroying-gas-stations-in-Mosul-displayed-is-flag

 

 

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A Dinar Updates “FaceBook Live”!!
“LIVE Q&A with BGG”
From – Apr 7th
In the DU FaceBook Group!!

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DayTrader, a News Researcher for DinarUpdates.com, recently had some interesting commentary.

Here are his thoughts:

Article 140 is much more complex than many realize. If you read Article 140 in the Iraq constitution, it refers to Article 58 of the Law of Administration for the State of Iraq for the Transitional Period that outlines all the steps that must be completed. This was a document constructed by Paul Bremmer to be used until a permanent constitution could be developed and ratified by Iraq. Article 58 states:

Article 58.
(A) The Iraqi Transitional Government, and especially the Iraqi Property Claims Commission and other relevant bodies, shall act expeditiously to take measures to remedy the injustice caused by the previous regime’s practices in altering the demographic character of certain regions, including Kirkuk, by deporting and expelling individuals from their places of residence, forcing migration in and out of the region, settling individuals alien to the region, depriving the inhabitants of work, and correcting nationality. To remedy this injustice, the Iraqi Transitional Government shall take the following steps:

(1) With regard to residents who were deported, expelled, or who emigrated; it shall, in accordance with the statute of the Iraqi Property Claims Commission and other measures within the law, within a reasonable period of time, restore the residents to their homes and property, or, where this is unfeasible, shall provide just compensation.

(2) With regard to the individuals newly introduced to specific regions and territories, it shall act in accordance with Article 10 of the Iraqi Property Claims Commission statute to ensure that such individuals may be resettled, may receive compensation from the state, may receive new land from the state near their residence in the governorate from which they came, or may receive compensation for the cost of moving to such areas.

(3) With regard to persons deprived of employment or other means of support in order to force migration out of their regions and territories, it shall promote new employment opportunities in the regions and territories.

(4) With regard to nationality correction, it shall repeal all relevant decrees and shall permit affected persons the right to determine their own national identity and ethnic affiliation free from coercion and duress.

(B) The previous regime also manipulated and changed administrative boundaries for political ends. The Presidency Council of the Iraqi Transitional Government shall make recommendations to the National Assembly on remedying these unjust changes in the permanent constitution. In the event the Presidency Council is unable to agree unanimously on a set of recommendations, it shall unanimously appoint a neutral arbitrator to examine the issue and make recommendations. In the event the Presidency Council is unable to agree on an arbitrator, it shall request the Secretary General of the United Nations to appoint a distinguished international person to be the arbitrator.

(C) The permanent resolution of disputed territories, including Kirkuk, shall be deferred until after these measures are completed, a fair and transparent census has been conducted and the permanent constitution has been ratified. This resolution shall be consistent with the principle of justice, taking into account the will of the people of those territories.

The challenge has always been how to implement the required changes. Those steps coupled with the fact that some of the people that Saddam Hussein forced out and those Sunnis that he brought in are no longer living. The resolution will have to involve their children, plus the process will also be challenged in identifying and finding all these families. This is not a quick fix. IMO that is why Abadi gave the responsibility to create an implementation plan to Barzani and the governor of the Kirkuk province. All of that said, I don’t believe that the implementation of Article 140 is tied to the revaluation of Iraq’s currency. I haven’t found any reference to Article 140 in any of the UN resolutions or SBA documents between the IMF, CBI and GOI.

Read more:  http://www.dinarupdates.com/showthread.php?48133-Commentary-from-DayTrader
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Observe good faith and justice toward all nations. Cultivate peace and harmony with all.

George Washington

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tman23 (Dinar Guru) –  Coincidental…? You all should be very interested and excited…chatter regarding 4/21 and launching or beginning of something new with in IMF etc…Then i read this…Newshound Guru Stryker   Article: “Iraq resumes next Friday talks with the International Monetary Fund and the World Bank“.   What makes this so interesting is that everyone is meeting in Washington after they already had 12 day meeting in Amman just last month. Then I saw Legarde in an interview…will be meeting Mnunchin for the first time…Wanna know the date of the meeting …GUESS!   Friday…4/21.   [post 1 of 2….stay tuned]

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

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

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BGG (Dinar Guru) –   [Do you think that the IMF meeting with the CBI and GOI this weekend could be the GO/No Go meeting for the Revalue of Iraq’s currency?]   …IMHO it looks as if all these “talks” will happen first – THEN the Executive Board will decide and vote on, what to do.  …the next few days are going to be very, very full of activity. Followed up by the IMF Executive Board.   I’m saying – the end of April… up through about the 29th – is a VERY BUSY TIME for Iraq and the world financial overseers.

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

Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars

Most of the Iraqi Central Bank steps are subject to political and legal environment of the country , especially in regard to the deletion of zeros that counted specialists in the earlier trend sensitive and dangerous may still be , but the central remains the most important institution in terms of the need to adjust the financial management in light of the financial crisis experienced by the the Iraqi economy, which must have to deal with dilemmas , whether with regard to the citizen or the work of the central bank itself.

Questions concerning important files posed (range) in this meeting , the director of the release and the Treasury in the Central Bank Aa’bas behind, and with being answered by briefly he pointed out the most important points that showed that the currency is good for circulation deposited Central has exceeded one billion and a quarter of a million dinars an amount that is not a little if they were compensated by the stored banknotes at the bank , as some believe, at the time between the printed currency size has exceeded the “11 billion and 600 million dinars, he urged citizens on the need not to keep large amounts in homes or buried in the ground , the fact that the process of replacing in the event expose Dt to burn or damage costs the central administrative and financial burdens, stressing that the counterfeit currency rate is still within the internationally accepted borders, with the central quest to carry out an information campaign to educate the public on how to distinguish between the original currency and Almzorh.oicol behind on a question about the possibility of having higher versions of a class (50000 ) dinars?

– No at present intention to issue a higher class category (50000) dinars.

* What about the subject of the deletion of zeros and the reason for the delay?

– the decision on the deletion of zeros cannot be taken in isolation from the political and legal environment in the country under conditions the security situation as a result of terrorist acts and exit from the provinces outside the control of the state for the years 2014, 2015, 2016 which prevents certainly to wait in the implementation of this project, in addition to that this must be done in coordination with all state departments and the private sector, where it should be followed by changing the paragraphs contained in the various laws, which include a reference to fines or lump – sum collection of fees, must also change the financial and statistical records in order to conform with the project process the deletion of zeros. On the other hand, the technical preparations are underway by us.

* How is the cost of the annual replacement and replacement of damaged currency?

– First , there is no substitution instead of a damaged annually, as the bank instead seeks to issue new papers for security specifications developed, so the cost is reduced in this way it is the cost of issuing new banknotes specifications better used at the same time damaged to the replacement of currency from the previous editions .

We seek to carry out an information campaign to distinguish between original and counterfeit currency

* How discovered the counterfeit currency of the size?

– The Central Bank of Iraq resorted to the use of machines to sophisticated counting and sorting which can detect counterfeit currency, in addition to banks guide using modern techniques in the currency examination, but the problem is not doing shopkeepers enough efforts to use the machines to check the currency, as the bank seeks to campaign media to sensitize the public on how to distinguish between the original currency and counterfeit currency by issuing a booklet definitions and (posters) for this purpose and will be distributed to banks in major shopping malls, and in all cases, the counterfeit currency rate is still within the internationally accepted borders , where even T ratio (0.000025) (Twenty – five million paper sheet).

* What currency damaged by fire or poor storage of citizens compensation mechanisms?

– While we hope the citizens do not keep large amounts in homes or buried in the ground, and to do instead in the deposit with the banks, as the replacement of the burnt currency process or damaged it costs the central bank financial burdens and administrative Colva unwarranted, however the bank is to receive citizens whose savings in Iraqi currency to fire accidents provided that they are documented by the civil Defense Department and be sourced from the project, either in terms of currency (buried) are sufficiency statement on the sources of these funds, and in this regard we call on citizens not to accept the mediation of any hand to Astb The Iraqi currency and that this bank does not receive any commission for its replacement.

We applied security methods with modern technology advanced counting and sorting currency

* What future plans for the central bank currency and print?

– Iraqi Central Bank seeks to keep pace with the evolution of printing currency and modern technologies both in currency printing or counting devices and sorting the currency where they are constantly adding new security features in addition to the acquisition of advanced machines counting and sorting currency, was dispensed with final counting and manual screening process.

* How much is the size of the torn currency and how much of the size of the printed currency?

– The number of banknotes unfit for circulation deposited with this bank (1,277,049,543) cash paper of various categories, where they are compensated from the stored banknotes have this bank, as the number of printed banknotes (11,615,265,154) cash paper of various categories.

Read more:  http://www.dinarupdates.com/showthread.php?48060-Dir-of-the-Issuance-Dept-of-the-Central-Bank-(range)-Printed-currency-11-Billion&p=171964#post171964

Iraqi Dinar/Dollar auction 04-19-17 (most recent listing)

Currency Auctions Announcement No. 3426

This daily currency auction was held in the Central Bank of Iraq on the 04-18-2017

DETAILS NOTES
Number of banks 37
Number of remittance companies 11
Amount sold at auction price (US$) 150,265,363
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 150,265,363
Total offers for selling (US$) —–

The results were as follows:

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The following .PDF is the review by RCookie of the IMF board’s publishing of Iraq’s SBA (excellent info) – He would have wanted you all to have it.. posting the whole .PDF was the only way to get it on here. Enjoy. BGG

Robert Cook  CSW  CSS  CBP  CST  CTC

Iraq:

IMF EXECUTIVE BOARD COMPLETES FIRST REVIEW IRAQ’S STAND-BY ARRANGEMENT (45 pages…)

 

CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1264.749 1264.116
British pound GBP 1498.944 1498.195
Canadian dollar CAD 885.167 884.725
Swiss franc CHF 1181.755 1181.164
Swedish krona SEK 131.643 131.577
Norwegian krone NOK 138.842 138.772
Danish krone DKK 170.037 169.952
Japanese yen JPY 10.852 10.847
Special
Drawing Rights
SDR 1611.400 1610.595

Indicative rates – 04.19.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – April 18th

Jabouri Announces project to employ thousands of unemployed in Iraq

The speaker said Salim Jabouri, Tuesday, a lawmaker for the Government to hire thousands of unemployed graduates and others in Iraq.

Al-jibouri said during a speech at the College of the University of Diyala and Mesopotamia vassal,/balance of news/that still provide us education machine thousands of graduates each year with no clear mechanism to accommodate these numbers and invest in supporting national development which accumulated huge numbers of unemployed who are getting every year. ”

He added, “while fewer jobs stuck with our idea of government job which is less profitable than free opportunities if it is to support and develop the private sector and make it more effective and contribute to the economic life”.

Jabouri emphasized, “it is necessary that we absorb a percentage of these numbers in private sectors and the employment process should be subject to legal control to provide justice in the distribution of these opportunities away from selectivity and favoritism and personal considerations.

He noted that “the time is right to put the draft State support private employment contracts from the private sector bears the costs for wages and other specified period ending with the Government operating under clear schedules coinciding with these opportunities provide Government expansion projects and degrees of deletion, replacement and other opportunities.

Read more:  http://www.dinarupdates.com/showthread.php?48268-Jabouri-Announces-project-to-employ-thousands-of-unemployed-in-Iraq

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The arrival of us troops launch biggest attack on ISIS in Anbar

Military sources said the arrival of additional us forces into military lion base in Anbar province.

Its proved that these forces will participate in the process of restoring control over areas about weraoh and the province is under the control of organizing terrorist ISIS, noting that us troops set off overland yesterday evening from base ‘ pristine ‘, arrived today to the lion’s eye base.

The sources added that the American forces are present in the eye of the lion and the Habbaniyah base in Eastern Ramadi since ISIS to preserve 2014, counselling and information task forces of Iraqi counterparts.

It was talked about joint preparations between the international coalition and Iraqi forces to launch a major attack to restore existing zones and anah weraoh.

Read more:  http://www.dinarupdates.com/showthread.php?48274-The-arrival-of-us-troops-launch-biggest-attack-on-ISIS-in-Anbar

BGG   Article:  “Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange rate has become 3 or 4 thousand, and perhaps more”    Article quote:  “On the prospects of floating Aldenarabraghi, similar to other countries in the region, Keywords said that it is Matrouh sealed now, and we are working on editing currency and not float, a large difference between the two”  that is a BIG ARTICLE…there won’t be any FLOAT… (no float). PERIOD.

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

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Rafidain announces its readiness to cooperate with investment companies to establish residential complexes

Rafidain Bank announced its readiness to cooperate with investment companies for the purpose of establishing housing complexes in the country and granting loans to citizens to buy housing units in those projects executed by them to contribute to solving the housing crisis.

The bank’s media office said in a statement that “the investment companies to provide all the requirements of the investment project, which is intended to establish housing units and then the disclosure of the project by the general administration of the bank and make sure that there is no sign of mortgage or a reservation on the project to any party.”

He pointed out that “the bank will allocate specific branches to grant loans to citizens to buy these housing units.”

Read More: http://www.dinarupdates.com/showthread.php?48278-Rafidain-announces-its-readiness-to-cooperate-with-investment-companies-to-establish

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Anbar is looking to cooperate with the world’s best companies

Baghdad / morning
continuous movement by the Anbar Investment Commission and the branch of the Union of businessmen to maintain in order to choose the means of the reconstruction of the affected areas and the advancement of the family economy in areas liberated from the grip of terrorism {Aldaasha}. Mahdi Saleh Al Noman , Chairman of Al – Anbar Investment Commission said during the gathering body meeting of the businessmen union in the province , the need for concerted efforts by all sides poured efforts in Bodqp work after the editing stage, pointing to the importance of communicating with all the economic and professional activities in order to effectively contribute to the real and in the reconstruction.

Industrial sites
vice president of business Anbar branch of the Union of Ghazi Sami al between the need for rapid and hard work in the re – opening of roads and facilitate access to the destructive industrial sites in order to re – run to eliminate unemployment and revive the economic reality, pointing out that the process of reconstruction not done properly and promising without finding a new mechanism for mobility and facilitate the entry of vehicles and technicians to those industrial projects in coordination between government bodies in the province and the security authorities detent for the land and inventory that most looted deterring or destroyed by the evil forces of terrorism that cost their owners millions Atara .

Investment attraction
secretary general business Anbar branch of the Union of Mahmoud Mehdi Hassoun said that the branch of Union investment attraction for major international companies to work in the province plan was the first of the global 3RD.GROUP company expressed through its representative in the United Arab Emirates to contribute to the reconstruction in the province, in the areas of construction hospitals, roads, bridges , residential complexes , horizontal, universities and educational complexes, and noted that the Union in Anbar will direct calls for major Arab and international investment companies and through their representatives registered in our branch in order to come to the province and to provide technical and commercial bids Its

Reconstruction
so organized a technical meeting in Anbar province , the building included Eng Khalil Ismail Ali representative of the 3rd company group consultancy Engineering LLC 3G and Director of the projects registered in the United States and its branches in the United Arab Emirates and the Hashemite Kingdom of Jordan and Saudi Arabia and he stressed the importance of attracting the audience discreet international companies in order to contribute to the reconstruction and construction appraisers the role of the companies attending to contribute to the reconstruction of the province.

The company completed giant projects to calculate the US space agency NASA (NASA) according to the latest international standards in engineering consulting or construction and processing. The company also specializes in infrastructure, roads, bridges, hospitals , residential complexes, universities , horizontal industrial and urban areas.

World – class
member of the Baghdad Economic Forum Hadi Hndas stressed the importance of cooperation with specialized international companies for their role in the implementation of the quality of world – class projects and during the assignment periods fixed in the decision of the assignment.

He noted that such companies operate according to international controls and specializes in a particular area without the other and assume all responsibilities because executing projects represent a reputation around the world, which makes them implement projects to suit the need for Iraq.

He said Iraq ‘s dire need to cooperate with such companies at present, especially in the liberated areas.

Read More: http://www.dinarupdates.com/showthread.php?48271-Anbar-is-looking-to-cooperate-with-the-world-s-best-companies

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Resumption of oil exports from the repaired port of Basra

Military information cell said Tuesday, destroying the terrorist organization headquarters stations ISIS uses as fuel stations strike Army aviation in Mosul.

She said in a statement received cell/balance of news copy, CH4 plane March flight of the Army directed an air strike in Mosul’s Al-Ba’aj, destroying a site stores used by gangs of ISIS as a gas station to fuel their premises”.

The strike also resulted in the destruction of a site a caravan with fuel tanks used as a gas station to fill up at the same area.”.

Cell noted that “process intelligence cell information tmatastnada coming yaninoi/General Directorate of intelligence and security.”

Read More:  http://www.dinarupdates.com/showthread.php?48270-Army-aviation-is-destroying-gas-stations-in-Mosul-displayed-is-flag

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Planning: no project financing term completed

Economy news Baghdad:

The planning Ministry announced, Tuesday, that there is not completed within the term funding projects to develop the country’s infrastructure, adding that the interest rate to 6% term funding projects.
He said the planning Ministry spokesman Abdul Zahra Hindawi, for “economy”, “payment method projects with very few term due to the lack of clarity of the idea in foreign companies”, noting that “the provinces of Karbala and Babylon referred draft belonging to sewer and water to foreign companies.

“The interest rate set by the Ministry of planning 6% and be as per diem amount”, noting that “the Government term finance project in 2015.”

The Iraqi Government decided in 2015 to resort to financing projects interrupted by the financial crisis across the term financing by foreign and domestic firms and not exceed the amount of $5 billion.

Read More:  http://www.dinarupdates.com/showthread.php?48267-Planning-no-project-financing-term-completed

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A Dinar Updates “FaceBook Live”!!
“LIVE Q&A with BGG”
From – Apr 7th
In the DU FaceBook Group!!

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

____________________________________________________________

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DayTrader, a News Researcher for DinarUpdates.com, recently had some interesting commentary.

Here are his thoughts:

Article 140 is much more complex than many realize. If you read Article 140 in the Iraq constitution, it refers to Article 58 of the Law of Administration for the State of Iraq for the Transitional Period that outlines all the steps that must be completed. This was a document constructed by Paul Bremmer to be used until a permanent constitution could be developed and ratified by Iraq. Article 58 states:

Article 58.
(A) The Iraqi Transitional Government, and especially the Iraqi Property Claims Commission and other relevant bodies, shall act expeditiously to take measures to remedy the injustice caused by the previous regime’s practices in altering the demographic character of certain regions, including Kirkuk, by deporting and expelling individuals from their places of residence, forcing migration in and out of the region, settling individuals alien to the region, depriving the inhabitants of work, and correcting nationality. To remedy this injustice, the Iraqi Transitional Government shall take the following steps:

(1) With regard to residents who were deported, expelled, or who emigrated; it shall, in accordance with the statute of the Iraqi Property Claims Commission and other measures within the law, within a reasonable period of time, restore the residents to their homes and property, or, where this is unfeasible, shall provide just compensation.

(2) With regard to the individuals newly introduced to specific regions and territories, it shall act in accordance with Article 10 of the Iraqi Property Claims Commission statute to ensure that such individuals may be resettled, may receive compensation from the state, may receive new land from the state near their residence in the governorate from which they came, or may receive compensation for the cost of moving to such areas.

(3) With regard to persons deprived of employment or other means of support in order to force migration out of their regions and territories, it shall promote new employment opportunities in the regions and territories.

(4) With regard to nationality correction, it shall repeal all relevant decrees and shall permit affected persons the right to determine their own national identity and ethnic affiliation free from coercion and duress.

(B) The previous regime also manipulated and changed administrative boundaries for political ends. The Presidency Council of the Iraqi Transitional Government shall make recommendations to the National Assembly on remedying these unjust changes in the permanent constitution. In the event the Presidency Council is unable to agree unanimously on a set of recommendations, it shall unanimously appoint a neutral arbitrator to examine the issue and make recommendations. In the event the Presidency Council is unable to agree on an arbitrator, it shall request the Secretary General of the United Nations to appoint a distinguished international person to be the arbitrator.

(C) The permanent resolution of disputed territories, including Kirkuk, shall be deferred until after these measures are completed, a fair and transparent census has been conducted and the permanent constitution has been ratified. This resolution shall be consistent with the principle of justice, taking into account the will of the people of those territories.

The challenge has always been how to implement the required changes. Those steps coupled with the fact that some of the people that Saddam Hussein forced out and those Sunnis that he brought in are no longer living. The resolution will have to involve their children, plus the process will also be challenged in identifying and finding all these families. This is not a quick fix. IMO that is why Abadi gave the responsibility to create an implementation plan to Barzani and the governor of the Kirkuk province. All of that said, I don’t believe that the implementation of Article 140 is tied to the revaluation of Iraq’s currency. I haven’t found any reference to Article 140 in any of the UN resolutions or SBA documents between the IMF, CBI and GOI.

Read more:  http://www.dinarupdates.com/showthread.php?48133-Commentary-from-DayTrader
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Determine that the thing can and shall be done, and then we shall find the way.

ABRAHAM LINCOLN

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BGG (Dinar Guru) –   [Do you think that the IMF meeting with the CBI and GOI this weekend could be the GO/No Go meeting for the Revalue of Iraq’s currency?]   …IMHO it looks as if all these “talks” will happen first – THEN the Executive Board will decide and vote on, what to do.  …the next few days are going to be very, very full of activity. Followed up by the IMF Executive Board.   I’m saying – the end of April… up through about the 29th – is a VERY BUSY TIME for Iraq and the world financial overseers.

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

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BGG (Dinar Guru) –   Article:  “Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange rate has become 3 or 4 thousand, and perhaps more”    Article quote:  “On the prospects of floating Aldenarabraghi, similar to other countries in the region, Keywords said that it is Matrouh sealed now, and we are working on editing currency and not float, a large difference between the two”  that is a BIG ARTICLE…there won’t be any FLOAT… (no float). PERIOD.

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

Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars

Most of the Iraqi Central Bank steps are subject to political and legal environment of the country , especially in regard to the deletion of zeros that counted specialists in the earlier trend sensitive and dangerous may still be , but the central remains the most important institution in terms of the need to adjust the financial management in light of the financial crisis experienced by the the Iraqi economy, which must have to deal with dilemmas , whether with regard to the citizen or the work of the central bank itself.

Questions concerning important files posed (range) in this meeting , the director of the release and the Treasury in the Central Bank Aa’bas behind, and with being answered by briefly he pointed out the most important points that showed that the currency is good for circulation deposited Central has exceeded one billion and a quarter of a million dinars an amount that is not a little if they were compensated by the stored banknotes at the bank , as some believe, at the time between the printed currency size has exceeded the “11 billion and 600 million dinars, he urged citizens on the need not to keep large amounts in homes or buried in the ground , the fact that the process of replacing in the event expose Dt to burn or damage costs the central administrative and financial burdens, stressing that the counterfeit currency rate is still within the internationally accepted borders, with the central quest to carry out an information campaign to educate the public on how to distinguish between the original currency and Almzorh.oicol behind on a question about the possibility of having higher versions of a class (50000 ) dinars?

– No at present intention to issue a higher class category (50000) dinars.

* What about the subject of the deletion of zeros and the reason for the delay?

– the decision on the deletion of zeros cannot be taken in isolation from the political and legal environment in the country under conditions the security situation as a result of terrorist acts and exit from the provinces outside the control of the state for the years 2014, 2015, 2016 which prevents certainly to wait in the implementation of this project, in addition to that this must be done in coordination with all state departments and the private sector, where it should be followed by changing the paragraphs contained in the various laws, which include a reference to fines or lump – sum collection of fees, must also change the financial and statistical records in order to conform with the project process the deletion of zeros. On the other hand, the technical preparations are underway by us.

* How is the cost of the annual replacement and replacement of damaged currency?

– First , there is no substitution instead of a damaged annually, as the bank instead seeks to issue new papers for security specifications developed, so the cost is reduced in this way it is the cost of issuing new banknotes specifications better used at the same time damaged to the replacement of currency from the previous editions .

We seek to carry out an information campaign to distinguish between original and counterfeit currency

* How discovered the counterfeit currency of the size?

– The Central Bank of Iraq resorted to the use of machines to sophisticated counting and sorting which can detect counterfeit currency, in addition to banks guide using modern techniques in the currency examination, but the problem is not doing shopkeepers enough efforts to use the machines to check the currency, as the bank seeks to campaign media to sensitize the public on how to distinguish between the original currency and counterfeit currency by issuing a booklet definitions and (posters) for this purpose and will be distributed to banks in major shopping malls, and in all cases, the counterfeit currency rate is still within the internationally accepted borders , where even T ratio (0.000025) (Twenty – five million paper sheet).

* What currency damaged by fire or poor storage of citizens compensation mechanisms?

– While we hope the citizens do not keep large amounts in homes or buried in the ground, and to do instead in the deposit with the banks, as the replacement of the burnt currency process or damaged it costs the central bank financial burdens and administrative Colva unwarranted, however the bank is to receive citizens whose savings in Iraqi currency to fire accidents provided that they are documented by the civil Defense Department and be sourced from the project, either in terms of currency (buried) are sufficiency statement on the sources of these funds, and in this regard we call on citizens not to accept the mediation of any hand to Astb The Iraqi currency and that this bank does not receive any commission for its replacement.

We applied security methods with modern technology advanced counting and sorting currency

* What future plans for the central bank currency and print?

– Iraqi Central Bank seeks to keep pace with the evolution of printing currency and modern technologies both in currency printing or counting devices and sorting the currency where they are constantly adding new security features in addition to the acquisition of advanced machines counting and sorting currency, was dispensed with final counting and manual screening process.

* How much is the size of the torn currency and how much of the size of the printed currency?

– The number of banknotes unfit for circulation deposited with this bank (1,277,049,543) cash paper of various categories, where they are compensated from the stored banknotes have this bank, as the number of printed banknotes (11,615,265,154) cash paper of various categories.

Read more:  http://www.dinarupdates.com/showthread.php?48060-Dir-of-the-Issuance-Dept-of-the-Central-Bank-(range)-Printed-currency-11-Billion&p=171964#post171964

Iraqi Dinar/Dollar auction 04-18-17 (most recent listing)

Currency Auctions Announcement No. 3425

This daily currency auction was held in the Central Bank of Iraq on the 04-18-2017

DETAILS NOTES
Number of banks 37
Number of remittance companies 11
Amount sold at auction price (US$) 150,105,797
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 150,105,797
Total offers for selling (US$) —–

The results were as follows:

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The following .PDF is the review by RCookie of the IMF board’s publishing of Iraq’s SBA (excellent info) – He would have wanted you all to have it.. posting the whole .PDF was the only way to get it on here. Enjoy. BGG

Robert Cook  CSW  CSS  CBP  CST  CTC

Iraq:

IMF EXECUTIVE BOARD COMPLETES FIRST REVIEW IRAQ’S STAND-BY ARRANGEMENT (45 pages…)

 

CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1259.776 1259.146
British pound GBP 1487.222 1486.479
Canadian dollar CAD 889.223 888.778
Swiss franc CHF 1179.635 1179.046
Swedish krona SEK 131.616 131.550
Norwegian krone NOK 138.399 138.329
Danish krone DKK 169.404 169.320
Japanese yen JPY 10.933 10.927
Special
Drawing Rights
SDR 1609.328 1608.524

Indicative rates – 04.17.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – April 17th

Restore confidence

Economy Uz_ Baghdad: Yasser mutawalli Most economists agree that the strength of the economy in any country must be accompanied by the presence of a solid banking sector is able to meet the requirements of development and investment.

This overview was still the most important requirements of international investment companies to initiate the implementation of strategic projects in the country and was one of the obstacles to attracting global investment in Iraq.

It saw the previous stage an accurate diagnosis of this case by economists who are asking them to provide a solid Anvkoa banking sector to meet the requirements of international investment companies.

Today, we see that Iraq has begun steps to reform in order to promote economic productivity and service sectors and in many important joints, but the observer notes that there are slow in achieving reform goals because of the lack of economic reform requirements, including the existence of a qualified banking sector to respond to the reform requirements – according to experts – .

What is the reason behind the lack of such a banking sector?

The main reason behind the absence of such a sector is due to the loss of confidence in banks, whether by the government or the citizen, regardless of the reasons for the lack of confidence, which has become known to everyone, but it requires the restoration of confidence in the banking sector so they can be the possibility of the implementation of economic reforms in the most important aspect of its requirements, but a banking sector is able to provide the implementation of the reform programs of the implementation of sustainable development projects.

Now, after a series of measures taken by the central bank to correct the performance of lagging banks track that, a relatively few, and in response to the banking sector overall to the requirements of the banking reform confidence returned again in this sector, the first step in restoring confidence led to a change of dealing with banks trend pattern the correct.

What is needed now restore citizen confidence in the banking sector so they can be re-treated with discreet banks, perhaps the central bank took the initiative to adopt restore confidence through several measures, including localization of salaries of employees in banks Dmanth and then work on the issue of legislation to ensure deposits of citizens in order to return the money compacta in homes to banks to invest in the implementation of development projects and thus advanced step achieved on the path of economic reforms mortgaged its success to the availability of discreet banking sector and thus can restore the confidence of international banks correspondent of Iraqi banks which is required to attract international companies To rebuild Iraq., Imad Trust of success.

Read more: http://www.dinarupdates.com/showthread.php?48226-Restore-confidence

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The Iraqi navy is discussing with the Kuwaiti army the development of military cooperation

(Baghdad: al-Furat News) Iraqi naval force commander, Brig. Gen. Ahmed Jassim Maaraj and the chief of staff of the Kuwaiti army, discussed the development of military cooperation between Iraq and Kuwait.

“The commander of the Iraqi Navy, Rear Admiral Ahmed Jassim Maarij, met with the Chief of the General Staff of the Kuwaiti Army Lieutenant General Mohammed Al-Khader, and during the meeting discussed ways to develop and enhance military cooperation between the two countries, as well as a number of files of common interest. is over.

Read more: http://www.dinarupdates.com/showthread.php?48248-The-Iraqi-navy-is-discussing-with-the-Kuwaiti-army-the-development-of-military-cooper

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BGG   […what your thoughts on that no float….I did some research and there are advantages and cons about a pegged rate. I read if theyd come out low it will help with trade but on the other hand it could raise inflation.]  Not could – will…it would start an inflationary trend that might not be easy to stop.  IMHO – it will be a “managed float” – meaning: it will look so much like a fixed rate – it might as well be fixed.

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

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BGG   Article:  “Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange rate has become 3 or 4 thousand, and perhaps more”    Article quote:  “On the prospects of floating Aldenarabraghi, similar to other countries in the region, Keywords said that it is Matrouh sealed now, and we are working on editing currency and not float, a large difference between the two”  that is a BIG ARTICLE…there won’t be any FLOAT… (no float). PERIOD.

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

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The Baghdad International Fair is due to open at its 44th session

The Ministry of Commerce announced the launch of the Baghdad International Fair in the next 44 session for a period of twelve days, the opening of this session, which was scheduled in early November coincides with the visit of the forty martyrdom of Imam Hussein peace be upon him.

Engineer Hashem Mohammed Hatem, Director General of the General Company for Exhibitions and Commercial Services of Iraq, said that the ministry has submitted the date of the 44th session of the Baghdad International Fair for a period of twelve days, to be 21-30 / 10/2017 instead of the first of next November.

Noting that the reason for the submission of the 44th session of the Baghdad International Fair, which will bear the slogan (“liberated our land and with your cooperation we build) the date coincides with the visit of the martyrdom of Imam Hussein.

Read More: http://www.dinarupdates.com/showthread.php?48250-The-Baghdad-International-Fair-is-due-to-open-at-its-44th-session

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Follow us on twitter @DinarUpdates !!

follow Dinar Updates on twitterDinar Updates – “NEWS TIME” w/BGG & Company – April 17th  7:30pm CST – In the DU CHAT Room!!

www.DinarUpdates.com – save as favorite

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“Flash Cast LIVE” session Sunday w/BGG

Click here for Video Replay

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Oil is planning to build three gas processing plants

The oil Minister said Jabbar allaibi on plans to build three new plants for processing natural gas being burned in the southern oil fields and use the fuel to generate electricity and increase the nation’s income from energy exports.

Allaibi in a statement confirmed the Euphrates that Ministry is seeking to end gas flaring associated with operations over the next few years despite the economic and financial challenges.

Explaining that Iraq be forced to burn part of the gas produced along with crude oil for lack of necessary facilities for aggregated and treated as a usable fuel.

Read More: http://www.dinarupdates.com/showthread.php?48240-Oil-is-planning-to-build-three-gas-processing-plants

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Resumption of oil exports from the repaired port of Basra

Two contractors at the South Oil Company said that on Sunday completed the repair work in the dock freight at the port of Basra oil damaged by the collision of a tanker last month.

Crude exports from the port of Basra were not affected by the March 24 incident, when strong winds caused a giant crude tanker to deviate and collide with pavement number one.

The two-million-tonne tanker has been anchored at the pier since early Monday morning and carries a shipment of light crude, the company’s officials said.

Iraq, OPEC’s second-largest producer after Saudi Arabia, exports most of its crude from the southern Basra region, with port capacity estimated at 1.8 million bpd.

Read More:  http://www.dinarupdates.com/showthread.php?48243-Resumption-of-oil-exports-from-the-repaired-port-of-Basra

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Proposal to adopt a strategy to support the integrated economy

Baghdad / Hussein Thugb  The situation of the Iraqi economy is not unique in the world and can not be divided in complex to levels can not be found solutions, but there are ways to return the development train to its right, where we can employ the experiences of countries have been able to achieve rapid growth and effective in the world, Does not have the assets of Iraq of the fundamentals of economic advancement. The international economic expert Mohammed Najjar said that Iraq needs quick solutions that can change the shape of the national economy in light of the availability of data of success from natural and human resources to enhance the possibility of achieving the objectives, pointing out that the most prominent solutions to the problem of the national economy is to focus on the development of an important sector such as housing, Which in turn leads to the development of other sectors of the link to the lives of citizens, noting that the availability of good housing leads to demand better education and health services and other advanced things of life and as a result we can develop other sectors and start real development.

Architectural form
Najjar urged the need to find a sophisticated strategy for housing commensurate with Iraq’s current capabilities in the absence of central planning of this sector after the distortions caused by the process of fragmentation of homes changed the form of urban, and here must be coordination between the State and the private sector to manage this sector through the party The first is to support the investment process in the housing sector and the private sector is managing this chapter. Here, banks should be encouraged to lend to these projects and to create a real capital cycle that will lead to the withdrawal of funds from the specific project to the other project.

World Bank reports indicate hundreds of billions of dollars in Iraq do not find access to the economic process attracts these capital.

Global experiences
He pointed out that the cycle of the dollar around the world revolves around 23 times while inside Iraq continues three cycles Wicktens and this does not serve the capital cycle in this aspect, and here we can benefit from the experiences of the world where the citizen is running an exaggeration does not exhaust and here benefits the country And his personal economy through the adoption of sound mechanisms through the stock exchange or investment companies contributing.

Skilled labor
Al-Najjar added that the development of the housing sector leads to the creation of a major economic movement and provides many job opportunities for skilled and unskilled labor in this sector and in other sectors such as transport, construction materials, repair workshops, retailers and others.

Iraq needs more than 3 million housing units in all provinces, and the need for housing units increases with the increase witnessed in Iraq.

He said: “In the absence of a housing strategy to accommodate the increase in the proportion of the population, which doubles every 26 years, we can employ the experiences of other countries have developed rapidly in this area, such as Singapore and South Korea and the latest Dubai, which has managed over the past ten years to create a major economic force, I started from the urban aspect and housing, so if we want to develop we must choose a specific sector and surround it to promote its joints and preferably housing to provide raw materials and human resources.

Singapore Experience
He pointed out that the housing sector is a wealth and needs a huge amount of manpower and a large guarantees and a fortune for the person who owns the housing unit, and when we stand at the Singapore experience, we find that every citizen has a housing unit is a millionaire, for adoption of housing and urban policy taught in the world because it builds A secure economy where the value is doubled Property.

He stressed that the improvement of the housing axis of the citizen led to the desire to improve the reality of education and then health and social improvement means that it is spending for the national economy and thus achieved a major economic development in Southeast Asia, which has become crowned with trade and economic surplus in the world.
He explained that the successful experience of the Dubai Economic City was launched entirely from urban development, which led to the establishment of industrial industries and service industries including banks, health, education and all these sectors have been linked to housing.

Read More:  http://www.dinarupdates.com/showthread.php?48233-Proposal-to-adopt-a-strategy-to-support-the-integrated-economy

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A Dinar Updates “FaceBook Live”!!
“LIVE Q&A with BGG”
From – Apr 7th
In the DU FaceBook Group!!

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

____________________________________________________________

Image result

DayTrader, a News Researcher for DinarUpdates.com, recently had some interesting commentary.

Here are his thoughts:

Article 140 is much more complex than many realize. If you read Article 140 in the Iraq constitution, it refers to Article 58 of the Law of Administration for the State of Iraq for the Transitional Period that outlines all the steps that must be completed. This was a document constructed by Paul Bremmer to be used until a permanent constitution could be developed and ratified by Iraq. Article 58 states:

Article 58.
(A) The Iraqi Transitional Government, and especially the Iraqi Property Claims Commission and other relevant bodies, shall act expeditiously to take measures to remedy the injustice caused by the previous regime’s practices in altering the demographic character of certain regions, including Kirkuk, by deporting and expelling individuals from their places of residence, forcing migration in and out of the region, settling individuals alien to the region, depriving the inhabitants of work, and correcting nationality. To remedy this injustice, the Iraqi Transitional Government shall take the following steps:

(1) With regard to residents who were deported, expelled, or who emigrated; it shall, in accordance with the statute of the Iraqi Property Claims Commission and other measures within the law, within a reasonable period of time, restore the residents to their homes and property, or, where this is unfeasible, shall provide just compensation.

(2) With regard to the individuals newly introduced to specific regions and territories, it shall act in accordance with Article 10 of the Iraqi Property Claims Commission statute to ensure that such individuals may be resettled, may receive compensation from the state, may receive new land from the state near their residence in the governorate from which they came, or may receive compensation for the cost of moving to such areas.

(3) With regard to persons deprived of employment or other means of support in order to force migration out of their regions and territories, it shall promote new employment opportunities in the regions and territories.

(4) With regard to nationality correction, it shall repeal all relevant decrees and shall permit affected persons the right to determine their own national identity and ethnic affiliation free from coercion and duress.

(B) The previous regime also manipulated and changed administrative boundaries for political ends. The Presidency Council of the Iraqi Transitional Government shall make recommendations to the National Assembly on remedying these unjust changes in the permanent constitution. In the event the Presidency Council is unable to agree unanimously on a set of recommendations, it shall unanimously appoint a neutral arbitrator to examine the issue and make recommendations. In the event the Presidency Council is unable to agree on an arbitrator, it shall request the Secretary General of the United Nations to appoint a distinguished international person to be the arbitrator.

(C) The permanent resolution of disputed territories, including Kirkuk, shall be deferred until after these measures are completed, a fair and transparent census has been conducted and the permanent constitution has been ratified. This resolution shall be consistent with the principle of justice, taking into account the will of the people of those territories.

The challenge has always been how to implement the required changes. Those steps coupled with the fact that some of the people that Saddam Hussein forced out and those Sunnis that he brought in are no longer living. The resolution will have to involve their children, plus the process will also be challenged in identifying and finding all these families. This is not a quick fix. IMO that is why Abadi gave the responsibility to create an implementation plan to Barzani and the governor of the Kirkuk province. All of that said, I don’t believe that the implementation of Article 140 is tied to the revaluation of Iraq’s currency. I haven’t found any reference to Article 140 in any of the UN resolutions or SBA documents between the IMF, CBI and GOI.

Read more:  http://www.dinarupdates.com/showthread.php?48133-Commentary-from-DayTrader
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Liberty, when it begins to take root, is a plant of rapid growth. George Washington

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Chattels (Dinar Guru) –  Isis ‘minister of war’ is killed by allied airstrike in Mosul.  The highest ranking Islamic State commander in Mosul, described as the jihadists’ minister of war, has been killed in an airstrike.

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

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BGG (Dinar Guru) –   Article:  “Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange rate has become 3 or 4 thousand, and perhaps more”    Article quote:  “On the prospects of floating Aldenarabraghi, similar to other countries in the region, Keywords said that it is Matrouh sealed now, and we are working on editing currency and not float, a large difference between the two”  that is a BIG ARTICLE…there won’t be any FLOAT… (no float). PERIOD.

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

Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars

Most of the Iraqi Central Bank steps are subject to political and legal environment of the country , especially in regard to the deletion of zeros that counted specialists in the earlier trend sensitive and dangerous may still be , but the central remains the most important institution in terms of the need to adjust the financial management in light of the financial crisis experienced by the the Iraqi economy, which must have to deal with dilemmas , whether with regard to the citizen or the work of the central bank itself.

Questions concerning important files posed (range) in this meeting , the director of the release and the Treasury in the Central Bank Aa’bas behind, and with being answered by briefly he pointed out the most important points that showed that the currency is good for circulation deposited Central has exceeded one billion and a quarter of a million dinars an amount that is not a little if they were compensated by the stored banknotes at the bank , as some believe, at the time between the printed currency size has exceeded the “11 billion and 600 million dinars, he urged citizens on the need not to keep large amounts in homes or buried in the ground , the fact that the process of replacing in the event expose Dt to burn or damage costs the central administrative and financial burdens, stressing that the counterfeit currency rate is still within the internationally accepted borders, with the central quest to carry out an information campaign to educate the public on how to distinguish between the original currency and Almzorh.oicol behind on a question about the possibility of having higher versions of a class (50000 ) dinars?

– No at present intention to issue a higher class category (50000) dinars.

* What about the subject of the deletion of zeros and the reason for the delay?

– the decision on the deletion of zeros cannot be taken in isolation from the political and legal environment in the country under conditions the security situation as a result of terrorist acts and exit from the provinces outside the control of the state for the years 2014, 2015, 2016 which prevents certainly to wait in the implementation of this project, in addition to that this must be done in coordination with all state departments and the private sector, where it should be followed by changing the paragraphs contained in the various laws, which include a reference to fines or lump – sum collection of fees, must also change the financial and statistical records in order to conform with the project process the deletion of zeros. On the other hand, the technical preparations are underway by us.

* How is the cost of the annual replacement and replacement of damaged currency?

– First , there is no substitution instead of a damaged annually, as the bank instead seeks to issue new papers for security specifications developed, so the cost is reduced in this way it is the cost of issuing new banknotes specifications better used at the same time damaged to the replacement of currency from the previous editions .

We seek to carry out an information campaign to distinguish between original and counterfeit currency

* How discovered the counterfeit currency of the size?

– The Central Bank of Iraq resorted to the use of machines to sophisticated counting and sorting which can detect counterfeit currency, in addition to banks guide using modern techniques in the currency examination, but the problem is not doing shopkeepers enough efforts to use the machines to check the currency, as the bank seeks to campaign media to sensitize the public on how to distinguish between the original currency and counterfeit currency by issuing a booklet definitions and (posters) for this purpose and will be distributed to banks in major shopping malls, and in all cases, the counterfeit currency rate is still within the internationally accepted borders , where even T ratio (0.000025) (Twenty – five million paper sheet).

* What currency damaged by fire or poor storage of citizens compensation mechanisms?

– While we hope the citizens do not keep large amounts in homes or buried in the ground, and to do instead in the deposit with the banks, as the replacement of the burnt currency process or damaged it costs the central bank financial burdens and administrative Colva unwarranted, however the bank is to receive citizens whose savings in Iraqi currency to fire accidents provided that they are documented by the civil Defense Department and be sourced from the project, either in terms of currency (buried) are sufficiency statement on the sources of these funds, and in this regard we call on citizens not to accept the mediation of any hand to Astb The Iraqi currency and that this bank does not receive any commission for its replacement.

We applied security methods with modern technology advanced counting and sorting currency

* What future plans for the central bank currency and print?

– Iraqi Central Bank seeks to keep pace with the evolution of printing currency and modern technologies both in currency printing or counting devices and sorting the currency where they are constantly adding new security features in addition to the acquisition of advanced machines counting and sorting currency, was dispensed with final counting and manual screening process.

* How much is the size of the torn currency and how much of the size of the printed currency?

– The number of banknotes unfit for circulation deposited with this bank (1,277,049,543) cash paper of various categories, where they are compensated from the stored banknotes have this bank, as the number of printed banknotes (11,615,265,154) cash paper of various categories.

Read more:  http://www.dinarupdates.com/showthread.php?48060-Dir-of-the-Issuance-Dept-of-the-Central-Bank-(range)-Printed-currency-11-Billion&p=171964#post171964

Iraqi Dinar/Dollar auction 04-17-17 (most recent listing)

Currency Auctions Announcement No. 3424

This daily currency auction was held in the Central Bank of Iraq on the 04-17-2017

DETAILS NOTES
Number of banks 37
Number of remittance companies 11
Amount sold at auction price (US$) 159,674,882
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 159,674,882
Total offers for selling (US$) —–

The results were as follows:

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The following .PDF is the review by RCookie of the IMF board’s publishing of Iraq’s SBA (excellent info) – He would have wanted you all to have it.. posting the whole .PDF was the only way to get it on here. Enjoy. BGG

Robert Cook  CSW  CSS  CBP  CST  CTC

Iraq:

IMF EXECUTIVE BOARD COMPLETES FIRST REVIEW IRAQ’S STAND-BY ARRANGEMENT (45 pages…)

 

CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1258.592 1257.963
British pound GBP 1483.315 1482.574
Canadian dollar CAD 888.555 888.111
Swiss franc CHF 1179.048 1178.458
Swedish krona SEK 131.044 130.979
Norwegian krone NOK 137.954 137.885
Danish krone DKK 168.930 168.846
Japanese yen JPY 10.845 10.840
Special
Drawing Rights
SDR 1608.334 1607.530

Indicative rates – 04.17.2017

http://www.cbi.iq

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

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Dinar Daily NEWS Blog – April 16th


Governor of the Central Bank: To cancel the dollar sale window, if canceled to become exchange rate 3 or 4 thousand and perhaps more??

Economy News / Special – The governor of the Central Bank of Iraq on the right to stop selling the dollar through the window selling currencies in the bank will lead to the collapse of the Iraqi dinar financial situation in Iraq in general, stressing that the central bank is obliged to carry out this task, even if reluctant to perform this role to collapse the financial situation in Iraq.

Al-Alak said in an interview with the envoy of the agency “Economy News” on the sidelines of the annual conference of the Union of Arab Banks, which was held in Beirut recently to close the window selling the dollar to become dollar exchange rate between 3 and 4 thousand dinars, and perhaps more

The governor will also be forced to cancel the window to print trillions of Iraqi dinars annually to cover the local need for dinars which will lead to the collapse of the Iraqi currency because of inflation or known as excessive cash

On the prospects of floating the Iraqi dinar like other countries in the region, said the relationship is not on the current situation, and we are working on the liberalization of the process and not float* and the difference between the big

He denied the existence of a currency auction in the Central Bank but the window of sale of foreign currency stressing that the central mediator between the Ministry of Finance and the public is nothing but

Turning to the experiences of Lebanon and Jordan, in the field of maintaining the stability of their currencies explaining that the situation in Iraq is different

He noted that the solution in Iraq lies in reducing the demand for the dollar by correcting the structure of the Iraqi economy, not by refraining from selling the dollar

The governor stressed the central bank’s efforts to settle salaries of employees in private banks, stressing the existence of a trend to settle all salaries of Iraqi employees during the next year 2017 in banks

The governor of the Central Bank welcomed any request to host the House of Representatives stressing the importance of meeting with Parliament, based on the fact that monetary policy is a specialized issue can not be addressed from afar, or through skirmishes and inaccurate analyzes.

The text of the dialogue with the governor will be published in the forthcoming issue of the Iraqi Banks Magazine issued by the Association of Iraqi Private Banks

Read More: http://www.dinarupdates.com/showthread.php?48222-Governor-of-the-Central-Bank-To-cancel-the-dollar-sale-window-if-canceled-to-becom

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Breitling (Dinar Guru) – …Think about all the numbers we’ve been watching over the years…we knew what we needed to look for…We always talked about the note count.  The note count has to be going down.  At it’s peak when I got into the dinar…it was 15 trillion dinar…NOT NOTES…dinar.  The max Iraq has had is 9 Billion notes which represented about 30 trillion dinar.  So what does that mean?  If you have 1 note that’s worth 25k and one note that’s worth 10k, you can see how there are more dinar than there are notes and that’s why we need to be able to parse those numbers to understand exactly what’s going on.  But the total was 30 trillion dinar out there and they brought that number down by reducing the note count.  So what are we at today?

Read More: http://www.dinarupdates.com/observer/
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Army: 2900 IS members killed in Mosul in 4 days

Mosul (IraqiNews.com) The Iraqi army said Sunday 2900 Islamic State members were killed over the past few days in western Mosul as U.S.-backed operations continue to clear the remaining districts of the region from militants.

Sabah al-Noaman, spokesperson of the army’s elite Counter-Terrorism Service, said the announced “preliminary” toll was the result of fierce encounters between the group and Iraqi forces over the past four days at the Tenek and Abar districts, both recaptured recently by the government troops.

Iraqi government forces recaptured eastern Mosul in January, and started a new offensive in February to retake the west. The Iraqi Joint Operations Command said Thursday its forces had recaptured 60% of the western flank of Mosul from Islamic State militants.

Late March, the international coalition estimated the number of Islamic State fighters in western Mosul by at least 1000.

Battles are currently most intense around Mosul’s densely populated and narrowly structured Old City district, where police forces cautiously approach the grand mosque where IS supreme leader Abu Bakr al-Baghdadi declared the establishment of the group’s rule. While admitting that battles in the western side of Mosul proved more difficult that those in the east, Iraqi and coalition commanders said IS’s influence was receding as many top leaders were either counted dead or tracked escaping the battlefield.

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

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follow Dinar Updates on twitterDinar Updates – “NEWS TIME” w/BGG & Company – April 17th  7:30pm CST – In the DU CHAT Room!!

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“Flash Cast LIVE” session Sunday w/BGG

Click here for Video Replay

___________________________________________________________

Islamic State executes senior member, aides in Mosul over leaks

Mosul (IraqiNews.com) The Islamic State has executed eight of its members in Mosul, including senior security commander, over charges of leaking information to Iraqi security forces.

A local source told Alsumaria News that a firing squad from the group shot eight seven members including Abu Abdul-Rahman al-Hayali, a senior commander in charge of the group’s security detachments in western Mosul.

Islamic State’s Sharia court found the members guilty of treason, according to the source.

IS has been losing ground and personnel since Iraqi government forces, backed by a U.S-led coalition and paramilitary troops, launched an offensive in October 2016 to recapture Mosul, the group’s largest stronghold in Iraq. Operations managed to free the eastern side of the city in January and have been proceeding in the west since mid February.

Since the start of operations, the group has reportedly been ravaged with internal divisions, occasionally executing or cruelly punishing members for delinquency on the battlefield or attempting to escape fighting. Differences related to the structure of ranks and the system of command also arose from time to time, according to the reports.

IS has also executed dozens of civilians over attempting to flee areas under its control or for also collaborating with security forces.

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

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Central Bank unveils plan to tackle money laundering

The Governor of the Central Bank, Ali Al-Allaq, revealed on Sunday the intention of the bank to prepare a solid base to address money laundering, stressing the need for concerted domestic and international efforts in this regard.

He pointed out that the trend to prepare a sound base to address money laundering is very important and contributes to building a sound financial sector, pointing out that it is a subject of local and international attention and we are working on building sound rules by adopting international standards that regulate financial work and immunity to the banking sector and prevent money laundering.

He stressed the need to adopt sound rules using the latest technology and coordination among all concerned parties to control these diseases and prevent their spread through a road map to be put in place to coordinate the work between all parties, and there are legal regulations to draw the correct courses of action,And expanding the circle of knowledge on this side.

Al-Alaq stressed that the Central Bank has made a great move on this aspect and provided basic and advanced work rules in this important chapter and a development has taken place in this regard during the last period and formed banks specialized units in this regard to undermine the opportunities of these crimes.

The process of money laundering means collecting funds from illegal black sources and introducing them into the economic cycle and removing them as clean money free from economic suspicions.

Read More: http://www.dinarupdates.com/showthread.php?48228-Central-Bank-unveils-plan-to-tackle-money-laundering

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International Energy: The oil market is nearing equilibrium

Trend Press / Agencies The International Energy Agency (IEA) said on Thursday that the world oil market is nearing a return to equilibrium after nearly three years of oversupply, with output cuts by major exporters offsetting the long-term decline in rich countries.

The Organization for Economic Co-operation and Development (OECD) said crude oil inventories fell 17.2 million barrels in March, while the first three months of the year increased by 38.5 million barrels or 425,000 bpd.

“It can be said with confidence that the market is very close to the balance already, and with more data, it will become clearer,” the Paris-based agency said. A second half “of the year is” interesting “.

Total crude inventories in OECD countries fell 8.1 million barrels in February to 3.055 billion barrels, to stay above the five-year average of 330 million barrels, the International Energy Agency said.

The International Energy Agency (IEA) cut its forecast for world oil demand growth in 2017 by 40,000 bpd to 1.32 million bpd, warning that these estimates may be optimistic given the slowdown in consumption in the United States and Asia’s advanced economies such as Australia, Japan and South Korea.

On the supply side, the agency reported that world production fell 755 thousand barrels per day in March to 95.98 million barrels per day, while OPEC and its partners are committed to a joint agreement to reduce production of 1.8 million barrels per day in the first half of this year.

The Organization of the Petroleum Exporting Countries (OPEC) has committed itself to a commitment to a “strong” level of 99 percent in March, the agency said, noting that non-Opec members, including Russia and Oman, have increased their commitment to 64 percent. Percent from 38 percent in February.

In 2017, the International Energy Agency said it expected non-Opec supply to increase by 485,000 barrels per day (bpd), up from 400,000 bpd in previous estimates, led by increases in US production growth.

Read More:  http://www.dinarupdates.com/showthread.php?48173-International-Energy-The-oil-market-is-nearing-equilibrium

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A Dinar Updates “FaceBook Live”!!
“LIVE Q&A with BGG”
From – Apr 7th
In the DU FaceBook Group!!

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DayTrader, a News Researcher for DinarUpdates.com, recently had some interesting commentary.

Here are his thoughts:

Article 140 is much more complex than many realize. If you read Article 140 in the Iraq constitution, it refers to Article 58 of the Law of Administration for the State of Iraq for the Transitional Period that outlines all the steps that must be completed. This was a document constructed by Paul Bremmer to be used until a permanent constitution could be developed and ratified by Iraq. Article 58 states:

Article 58.
(A) The Iraqi Transitional Government, and especially the Iraqi Property Claims Commission and other relevant bodies, shall act expeditiously to take measures to remedy the injustice caused by the previous regime’s practices in altering the demographic character of certain regions, including Kirkuk, by deporting and expelling individuals from their places of residence, forcing migration in and out of the region, settling individuals alien to the region, depriving the inhabitants of work, and correcting nationality. To remedy this injustice, the Iraqi Transitional Government shall take the following steps:

(1) With regard to residents who were deported, expelled, or who emigrated; it shall, in accordance with the statute of the Iraqi Property Claims Commission and other measures within the law, within a reasonable period of time, restore the residents to their homes and property, or, where this is unfeasible, shall provide just compensation.

(2) With regard to the individuals newly introduced to specific regions and territories, it shall act in accordance with Article 10 of the Iraqi Property Claims Commission statute to ensure that such individuals may be resettled, may receive compensation from the state, may receive new land from the state near their residence in the governorate from which they came, or may receive compensation for the cost of moving to such areas.

(3) With regard to persons deprived of employment or other means of support in order to force migration out of their regions and territories, it shall promote new employment opportunities in the regions and territories.

(4) With regard to nationality correction, it shall repeal all relevant decrees and shall permit affected persons the right to determine their own national identity and ethnic affiliation free from coercion and duress.

(B) The previous regime also manipulated and changed administrative boundaries for political ends. The Presidency Council of the Iraqi Transitional Government shall make recommendations to the National Assembly on remedying these unjust changes in the permanent constitution. In the event the Presidency Council is unable to agree unanimously on a set of recommendations, it shall unanimously appoint a neutral arbitrator to examine the issue and make recommendations. In the event the Presidency Council is unable to agree on an arbitrator, it shall request the Secretary General of the United Nations to appoint a distinguished international person to be the arbitrator.

(C) The permanent resolution of disputed territories, including Kirkuk, shall be deferred until after these measures are completed, a fair and transparent census has been conducted and the permanent constitution has been ratified. This resolution shall be consistent with the principle of justice, taking into account the will of the people of those territories.

The challenge has always been how to implement the required changes. Those steps coupled with the fact that some of the people that Saddam Hussein forced out and those Sunnis that he brought in are no longer living. The resolution will have to involve their children, plus the process will also be challenged in identifying and finding all these families. This is not a quick fix. IMO that is why Abadi gave the responsibility to create an implementation plan to Barzani and the governor of the Kirkuk province. All of that said, I don’t believe that the implementation of Article 140 is tied to the revaluation of Iraq’s currency. I haven’t found any reference to Article 140 in any of the UN resolutions or SBA documents between the IMF, CBI and GOI.

Read more:  http://www.dinarupdates.com/showthread.php?48133-Commentary-from-DayTrader
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Small minded people believe you are rejecting morality when you reject their visions of morality. – Will Spencer

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Chattels (Dinar Guru) –  Isis ‘minister of war’ is killed by allied airstrike in Mosul.  The highest ranking Islamic State commander in Mosul, described as the jihadists’ minister of war, has been killed in an airstrike.

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

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

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BGG (Dinar Guru) –   Article:  “Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange rate has become 3 or 4 thousand, and perhaps more”    Article quote:  “On the prospects of floating Aldenarabraghi, similar to other countries in the region, Keywords said that it is Matrouh sealed now, and we are working on editing currency and not float, a large difference between the two”  that is a BIG ARTICLE…there won’t be any FLOAT… (no float). PERIOD.

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

Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars

Most of the Iraqi Central Bank steps are subject to political and legal environment of the country , especially in regard to the deletion of zeros that counted specialists in the earlier trend sensitive and dangerous may still be , but the central remains the most important institution in terms of the need to adjust the financial management in light of the financial crisis experienced by the the Iraqi economy, which must have to deal with dilemmas , whether with regard to the citizen or the work of the central bank itself.

Questions concerning important files posed (range) in this meeting , the director of the release and the Treasury in the Central Bank Aa’bas behind, and with being answered by briefly he pointed out the most important points that showed that the currency is good for circulation deposited Central has exceeded one billion and a quarter of a million dinars an amount that is not a little if they were compensated by the stored banknotes at the bank , as some believe, at the time between the printed currency size has exceeded the “11 billion and 600 million dinars, he urged citizens on the need not to keep large amounts in homes or buried in the ground , the fact that the process of replacing in the event expose Dt to burn or damage costs the central administrative and financial burdens, stressing that the counterfeit currency rate is still within the internationally accepted borders, with the central quest to carry out an information campaign to educate the public on how to distinguish between the original currency and Almzorh.oicol behind on a question about the possibility of having higher versions of a class (50000 ) dinars?

– No at present intention to issue a higher class category (50000) dinars.

* What about the subject of the deletion of zeros and the reason for the delay?

– the decision on the deletion of zeros cannot be taken in isolation from the political and legal environment in the country under conditions the security situation as a result of terrorist acts and exit from the provinces outside the control of the state for the years 2014, 2015, 2016 which prevents certainly to wait in the implementation of this project, in addition to that this must be done in coordination with all state departments and the private sector, where it should be followed by changing the paragraphs contained in the various laws, which include a reference to fines or lump – sum collection of fees, must also change the financial and statistical records in order to conform with the project process the deletion of zeros. On the other hand, the technical preparations are underway by us.

* How is the cost of the annual replacement and replacement of damaged currency?

– First , there is no substitution instead of a damaged annually, as the bank instead seeks to issue new papers for security specifications developed, so the cost is reduced in this way it is the cost of issuing new banknotes specifications better used at the same time damaged to the replacement of currency from the previous editions .

We seek to carry out an information campaign to distinguish between original and counterfeit currency

* How discovered the counterfeit currency of the size?

– The Central Bank of Iraq resorted to the use of machines to sophisticated counting and sorting which can detect counterfeit currency, in addition to banks guide using modern techniques in the currency examination, but the problem is not doing shopkeepers enough efforts to use the machines to check the currency, as the bank seeks to campaign media to sensitize the public on how to distinguish between the original currency and counterfeit currency by issuing a booklet definitions and (posters) for this purpose and will be distributed to banks in major shopping malls, and in all cases, the counterfeit currency rate is still within the internationally accepted borders , where even T ratio (0.000025) (Twenty – five million paper sheet).

* What currency damaged by fire or poor storage of citizens compensation mechanisms?

– While we hope the citizens do not keep large amounts in homes or buried in the ground, and to do instead in the deposit with the banks, as the replacement of the burnt currency process or damaged it costs the central bank financial burdens and administrative Colva unwarranted, however the bank is to receive citizens whose savings in Iraqi currency to fire accidents provided that they are documented by the civil Defense Department and be sourced from the project, either in terms of currency (buried) are sufficiency statement on the sources of these funds, and in this regard we call on citizens not to accept the mediation of any hand to Astb The Iraqi currency and that this bank does not receive any commission for its replacement.

We applied security methods with modern technology advanced counting and sorting currency

* What future plans for the central bank currency and print?

– Iraqi Central Bank seeks to keep pace with the evolution of printing currency and modern technologies both in currency printing or counting devices and sorting the currency where they are constantly adding new security features in addition to the acquisition of advanced machines counting and sorting currency, was dispensed with final counting and manual screening process.

* How much is the size of the torn currency and how much of the size of the printed currency?

– The number of banknotes unfit for circulation deposited with this bank (1,277,049,543) cash paper of various categories, where they are compensated from the stored banknotes have this bank, as the number of printed banknotes (11,615,265,154) cash paper of various categories.

Read more:  http://www.dinarupdates.com/showthread.php?48060-Dir-of-the-Issuance-Dept-of-the-Central-Bank-(range)-Printed-currency-11-Billion&p=171964#post171964

Iraqi Dinar/Dollar auction 04-16-17 (most recent listing)

Currency Auctions Announcement No. 3423

This daily currency auction was held in the Central Bank of Iraq on the 04-16-2017

The results were as follows:

DETAILS NOTES
Number of banks 36
Number of remittance companies 11
Auction price selling dinar / US$ —–
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 160,115,597
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 160,115,597
Total offers for selling (US$) —–

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

Regarding the D.U.C.E. List e-mails – 

If you are not receiving D.U.C.E. messages, it’s possible the receiving mail server is blocking or filtering the message before it’s delivered to your inbox. One solution is to whitelist our domain and IP ranges so that the server will allow messages through the block.

Below is our whitelisting information. You’ll want to provide this information to your IT or website administrator and they can add it to the mail server so that future messages are delivered to your inbox… or add this info to your e-mail profile.

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The following .PDF is the review by RCookie of the IMF board’s publishing of Iraq’s SBA (excellent info) – He would have wanted you all to have it.. posting the whole .PDF was the only way to get it on here. Enjoy. BGG

Robert Cook  CSW  CSS  CBP  CST  CTC

Iraq:

IMF EXECUTIVE BOARD COMPLETES FIRST REVIEW IRAQ’S STAND-BY ARRANGEMENT (45 pages…)

 

CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1258.592 1257.963
British pound GBP 1484.854 1484.112
Canadian dollar CAD 891.902 891.456
Swiss franc CHF 1178.696 1178.107
Swedish krona SEK 131.853 131.787
Norwegian krone NOK 137.954 137.885
Danish krone DKK 168.930 168.846
Japanese yen JPY 10.877 10.872
Special
Drawing Rights
SDR 1608.571 1607.766

Indicative rates – 04.16.2017

http://www.cbi.iq

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

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

Dinar Daily NEWS Blog – April 15th

Jaafari and Barzani stress the need to preserve Iraq’s unity and continue consultations

National News Center NNC – Foreign Minister Ibrahim al-Jaafari and Kurdistan Region President Masoud Barzani stressed on Friday the necessity of concerted efforts to eliminate “terrorism” and preserve the unity of Iraq, while urging continued consultations to solve the problems facing cooperation and coordination between the governments of Baghdad and Erbil.

Jaafari’s office said in a statement that “the Iraqi Foreign Minister met with Kurdistan Region President Massoud Barzani and discussed during the meeting the latest political and security situation in Iraq and the efforts of Iraqis of different affiliations in their war against terrorist gangs.”

He added that “it was stressed the need to combine the efforts of all national forces to eliminate terrorism and restore security and stability to Iraq and maintain the unity of the country.”

The statement pointed out that the two sides also stressed the “continuing consultations to resolve the problems facing cooperation and coordination between the federal government and the Kurdistan region.”

Al-Jaafari stressed on Friday the need to follow civilized mechanisms to exchange views that are naturally disputed, pointing out that the constitution does not stipulate secession, but it is “moving and not rigid.”

Read more: http://www.dinarupdates.com/showthread.php?48191-Jaafari-and-Barzani-stress-the-need-to-preserve-Iraq-s-unity-and-continue-consultatio

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Follow us on twitter @DinarUpdates !!

follow Dinar Updates on twitterDinar Updates – “NEWS TIME” w/BGG & Company – April 17th  7:30pm CST – In the DU CHAT Room!!

www.DinarUpdates.com – save as favorite

___________________________________________________________

“Flash Cast LIVE” session Sunday w/BGG

Click here for Video Replay

___________________________________________________________

“The grey Eagle” engaged in the battle of Mosul

Use the U.S. military for the first time the latest drone piloted aircraft in the battle of Mosul.

The Pentagon announced on April 8th April 2017 MQ-1C aircraft Grey Eagle (gray Eagle) fought the first battle in Iraq.

Heiner goshoia captain said they used grey Eagle aircraft in support of Iraqi forces.American forces began receiving gray Eagle aircraft, a human crew-free aircraft, a year or a year and a half.

Gray Eagle Jet carrying four Hellfire missiles (Hellfire) that can be used against tanks or infantry.It should be noted that the price of the grey Eagle aircraft is about $21 million, the loss of this aircraft in combat loss.

And accept the U.S. military, however, to use these planes because of the lack of a human crew to maintain the safety of the lives of its people.

Russian expert notes Denise vidotinov that grey Eagle aircraft originally allocated for reconnaissance and intelligence. Hence the potential hostilities

Read more: http://www.dinarupdates.com/showthread.php?48186-quot-The-grey-Eagle-quot-engaged-in-the-battle-of-Mosul

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Image result

DayTrader, a News Researcher for DinarUpdates.com, recently had some interesting commentary.

Here are his thoughts:

Article 140 is much more complex than many realize. If you read Article 140 in the Iraq constitution, it refers to Article 58 of the Law of Administration for the State of Iraq for the Transitional Period that outlines all the steps that must be completed. This was a document constructed by Paul Bremmer to be used until a permanent constitution could be developed and ratified by Iraq. Article 58 states:

Article 58.
(A) The Iraqi Transitional Government, and especially the Iraqi Property Claims Commission and other relevant bodies, shall act expeditiously to take measures to remedy the injustice caused by the previous regime’s practices in altering the demographic character of certain regions, including Kirkuk, by deporting and expelling individuals from their places of residence, forcing migration in and out of the region, settling individuals alien to the region, depriving the inhabitants of work, and correcting nationality. To remedy this injustice, the Iraqi Transitional Government shall take the following steps:

(1) With regard to residents who were deported, expelled, or who emigrated; it shall, in accordance with the statute of the Iraqi Property Claims Commission and other measures within the law, within a reasonable period of time, restore the residents to their homes and property, or, where this is unfeasible, shall provide just compensation.

(2) With regard to the individuals newly introduced to specific regions and territories, it shall act in accordance with Article 10 of the Iraqi Property Claims Commission statute to ensure that such individuals may be resettled, may receive compensation from the state, may receive new land from the state near their residence in the governorate from which they came, or may receive compensation for the cost of moving to such areas.

(3) With regard to persons deprived of employment or other means of support in order to force migration out of their regions and territories, it shall promote new employment opportunities in the regions and territories.

(4) With regard to nationality correction, it shall repeal all relevant decrees and shall permit affected persons the right to determine their own national identity and ethnic affiliation free from coercion and duress.

(B) The previous regime also manipulated and changed administrative boundaries for political ends. The Presidency Council of the Iraqi Transitional Government shall make recommendations to the National Assembly on remedying these unjust changes in the permanent constitution. In the event the Presidency Council is unable to agree unanimously on a set of recommendations, it shall unanimously appoint a neutral arbitrator to examine the issue and make recommendations. In the event the Presidency Council is unable to agree on an arbitrator, it shall request the Secretary General of the United Nations to appoint a distinguished international person to be the arbitrator.

(C) The permanent resolution of disputed territories, including Kirkuk, shall be deferred until after these measures are completed, a fair and transparent census has been conducted and the permanent constitution has been ratified. This resolution shall be consistent with the principle of justice, taking into account the will of the people of those territories.

The challenge has always been how to implement the required changes. Those steps coupled with the fact that some of the people that Saddam Hussein forced out and those Sunnis that he brought in are no longer living. The resolution will have to involve their children, plus the process will also be challenged in identifying and finding all these families. This is not a quick fix. IMO that is why Abadi gave the responsibility to create an implementation plan to Barzani and the governor of the Kirkuk province. All of that said, I don’t believe that the implementation of Article 140 is tied to the revaluation of Iraq’s currency. I haven’t found any reference to Article 140 in any of the UN resolutions or SBA documents between the IMF, CBI and GOI.

Read more:  http://www.dinarupdates.com/showthread.php?48133-Commentary-from-DayTrader

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Back to the Future: The Restoration of Iraq, and British Expertise

Iraq has been in the news for a generation and our perceptions have been coloured by conflict and the near destruction of the Middle East’s most wealthy and civilised country. In the 1970’s Iraq was not only a secular and relatively harmonious multi-cultural society, but highly educated, enormously wealthy and a centre for cultural tourism.

While the media is focussed on the awful impact of IS, and the conflict in Mosul is still raging, it’s fair to say large swathes of the country, especially the South, have been free from conflict and are relatively peaceful. Indeed, the conduct and effectiveness of the Iraqi army has given hope to a peaceful aftermath in Mosul and Anbar province, with prospects for an end to IS and reconciliation with the Sunni groups in the west.

Today, similar conditions exist for a return to that wealth and civilisation- as the country comes together, Daesh are being seen off, the oil price is rising, the IMF and ISF are loaning the country $14bn for infrastructure, and educated expat entrepreneurs are beginning to return home with investment and know how.

Now that the UK is going global we should consider Iraq a strong business opportunity. Iraq is open for Investment, from the most basic Infrastructure: roads, rail, ports, airports and water, to new private housing, schools and universities, with Iraq’s abundant energy, oil, gas and petrochemical industries, to professional services and cultural tourism. Iraq is effectively virgin territory for investors, construction and professional and telco and cultural tourism services alike – in fact, all the things the UK excels in.

The picture for British industry is even stronger when we recognise British companies already play a leading role in the business ecology: Shell and BP are key players in the economy and offer an umbrella for British engineering companies; Eversheds, EY and PWC provide legal and accountancy services to our companies and Standard Chartered are there to service our finances.

The Iraq Britain Business Council (IBBC) with its long term and trusted relationships in senior government circles can also guide and assist members on political issues and through its extended membership there is a wealth of knowledge to assist new members in doing business in Iraq.
Tawfiq Tabbaa, Managing Partner of Eversheds Iraq, has seen a 25 percent increase in business, and the prospects of acceleration as international business moves back to Iraq, including a budegoning tech sector and a requirement for professional services to service international and local companies.

Alistair Kett, a Partner at PWC, observes:

“To the casual observer, any headlines relating to Iraq will be dominated by the ongoing defeat of Daesh and the associated albeit complex security picture. A closer look, however, reveals a country that has started a huge transformation. With significant financing available for huge infrastructure projects and many recognised organisations already embedded in their design and delivery the economic and commercial potential of this market is clearly shifting quickly.”

Mohammed Al Charchafchi, Chairman of Zain Iraq, indicates that:

“The Iraqi economy is recovering and is projected to grow at 7 percent in the next few years, one of the highest growth rates in the world, this also applies on the GDP per capita and the contribution of non-oil revenue to the GDP of the country. The growth is mainly driven by the increased production of oil, inflow of FDI, structural reforms by the government and implementation of the IMF terms.

And IBBC new member GE has recently won a $1.4-billion contract to build new electric power stations.

Frederic Ribieras, VP Global Growth says:

“GE just signed several new contracts worth a total of $1.4 billion with the Iraqi Ministry of Electricity to add a further 2,000 MW via gas turbines, that drastically increases supply to Iraq’s grid. Thanks to GE’s global reach and relationships with various financing institutions and export credit agencies, GE also has been able to set up some $2 billion in credit to support the projects. This will enable the Iraqi government to improve its power supply without short-circuiting its finances.”

As if that is not bright enough the Chinese intend to bring the New Silk road (OBOR) and its investment train through northern Iraq to provide access to China and the West, for Iraq’s petrochemical industries. And the Iraqis are surprisingly loyal to the UK.

So we see an immediate future where Iraq begins to re-take its place in the league of wealthier nations, keen to expand consumer and professional services, fuelled by oil and petrochemical wealth and servicing an educated and capable population with a government willing to reform and invest.

It’s time to go back to the future and back to Iraq with British expertise and investment.

Ashley Goodall is a consultant at the Iraq Britain Business Council (IBBC).

Read more:  http://www.dinarupdates.com/showthread.php?48179-Back-to-the-Future-The-Restoration-of-Iraq-and-British-Expertise

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Direction Press / Special

A member of the Committee on oil and energy parliamentary Tareq Siddiq said that “the collection of electricity wages of citizens is a legal right is indisputable, pointing out that” the national energy system needs a large sum of money to improve and assess, and the wages of electricity will contribute to the recovery of that organization.

A friend in an interview with “Trend Press” said that the issue of collection of electricity wages is a legal issue, whether stated by Prime Minister Haider Abadi or not, stating, “Citizens are supposed to be more aware of the completion of their duties to the state to get their rights of electricity .

“The national system of electricity needs several factors to regain its ability to cover all areas of Iraq, such as maintenance and reconstruction and the opening of new areas need this energy,” adding that “when the citizen leads his duty towards the state will take full rights of electricity.

He pointed out that “the accumulated wages on the citizen needs fair solutions, and one of those solutions is the process of installment of such wages so that citizens can pay these amounts in the form of payments, pointing out that” the payment of debts accumulated in one lot will adversely affect the economic situation of the citizen.

Prime Minister Haider al-Abadi said last Tuesday that the provision of electricity in the country for 24 hours requires the implementation of the system of collection.

“The provision of electricity in the country for 24 hours throughout the country requires the application of a system of tax collection for citizens to collect the financial fees,” Abbadi told a news conference.

He added that “the Council of Ministers decided to form a specialized committee in the Ministry of Electricity for the wages of contractors in the field of collection in line with the strategy to provide energy for 24 hours for citizens.

 Read more:  http://www.dinarupdates.com/showthread.php?48174-Parliamentary-Energy-The-collection-of-electricity-fees-from-citizens-will-revive

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 International Energy: The oil market is nearing equilibrium

Trend Press / Agencies The International Energy Agency (IEA) said on Thursday that the world oil market is nearing a return to equilibrium after nearly three years of oversupply, with output cuts by major exporters offsetting the long-term decline in rich countries.

The Organization for Economic Co-operation and Development (OECD) said crude oil inventories fell 17.2 million barrels in March, while the first three months of the year increased by 38.5 million barrels or 425,000 bpd.

“It can be said with confidence that the market is very close to the balance already, and with more data, it will become clearer,” the Paris-based agency said. A second half “of the year is” interesting “.

Total crude inventories in OECD countries fell 8.1 million barrels in February to 3.055 billion barrels, to stay above the five-year average of 330 million barrels, the International Energy Agency said.

The International Energy Agency (IEA) cut its forecast for world oil demand growth in 2017 by 40,000 bpd to 1.32 million bpd, warning that these estimates may be optimistic given the slowdown in consumption in the United States and Asia’s advanced economies such as Australia, Japan and South Korea.

On the supply side, the agency reported that world production fell 755 thousand barrels per day in March to 95.98 million barrels per day, while OPEC and its partners are committed to a joint agreement to reduce production of 1.8 million barrels per day in the first half of this year.

The Organization of the Petroleum Exporting Countries (OPEC) has committed itself to a commitment to a “strong” level of 99 percent in March, the agency said, noting that non-Opec members, including Russia and Oman, have increased their commitment to 64 percent. Percent from 38 percent in February.

In 2017, the International Energy Agency said it expected non-Opec supply to increase by 485,000 barrels per day (bpd), up from 400,000 bpd in previous estimates, led by increases in US production growth.

Read More:  http://www.dinarupdates.com/showthread.php?48173-International-Energy-The-oil-market-is-nearing-equilibrium

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World Trade Organization expects global trade to grow by 2.4% in 2017

Trend Press / Continue The World Trade Organization (WTO) said on Wednesday that global trade is growing at 2.4 percent this year, but there is “deep uncertainty” over economic and political developments, especially in the United States.

“This year’s growth range was revised to between 1.8 and 3.6 percent from 1.8 percent and 3.1 percent last September,” the organization said in a statement. “Concerns over the bottleneck of trade activities are unclear because of government policy uncertainty.”

“We should look at trade as part of the solution to economic difficulties, not as part of the problem,” said Roberto Azivido, FAO Director-General.

“There is generally cautious optimism, but trade growth remains fragile, there is a risk of a significant decline and a great deal of political uncertainty,” he told a press conference, calling on the world to “continue to resist the creation of new barriers to trade.”

The WTO has revised its initial estimates repeatedly over the past five years on expectations of an economic recovery that has proved to be optimistic.

World trade grew at an “average slow” rate of 1.3 percent in 2016, the lowest pace since the financial crisis, unable even to match the September revised WTO forecast of 1.7 percent.

In 2018, global trade is expected to grow between 2.1 and 4 percent, according to the latest World Trade Organization analysis.

Read more: http://www.dinarupdates.com/showthread.php?48140-World-Trade-Organization-expects-global-trade-to-grow-by-2-4-in-2017

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I have always found that mercy bears richer fruits than strict justice.  Abraham Lincoln

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1bobby (Dinar Guru) –   Article:  “Parliamentary economy talks about the provisions of the law “Trademarks”  As we delved further into what we are seeing is a WTO requirement. The TRIPS Agreement within the WTO guidelines mainly deals with intellectual property protections, it also go into trademark issues. Some ask if this needed for an RV. What it is needed for is promoting trade which is one of the pillars that influences exchange rates.

Read More: http://www.dinarupdates.com/observer/
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Kaperoni (Dinar Guru) –   Article:  “UNDP to Implement E-Tendering system in Iraq”  Quote:  “The UN Development Programme (UNDP)’s Iraq Country Office has announced that, starting 1st May 2017, all procurement processes will be conducted using an online E-Tendering system (Electronic Tendering Platform).”   Good to see.  More electronic, less corruption.

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

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1bobby (Dinar Guru) –  Article:  “Iraq and Kuwait to discuss mechanisms for achieving economic complementarity”   When they speak of “mechanisms” that means that the substance(s) of the agreement have been met, now they are looking towards implementation. Kuwait and the other ME Countries are learning that they can not survive by oil alone and they need to open the doors to more of a non oil revenue based economy.   Iraq has lifted a ban that basically gives the right to Kuwati citizens the right to own property and invest in Iraq.  Now Iraq wants the same from Kuwait.  Kuwait calls Iraq “An important and promising market“.

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

Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars

Most of the Iraqi Central Bank steps are subject to political and legal environment of the country , especially in regard to the deletion of zeros that counted specialists in the earlier trend sensitive and dangerous may still be , but the central remains the most important institution in terms of the need to adjust the financial management in light of the financial crisis experienced by the the Iraqi economy, which must have to deal with dilemmas , whether with regard to the citizen or the work of the central bank itself.

Questions concerning important files posed (range) in this meeting , the director of the release and the Treasury in the Central Bank Aa’bas behind, and with being answered by briefly he pointed out the most important points that showed that the currency is good for circulation deposited Central has exceeded one billion and a quarter of a million dinars an amount that is not a little if they were compensated by the stored banknotes at the bank , as some believe, at the time between the printed currency size has exceeded the “11 billion and 600 million dinars, he urged citizens on the need not to keep large amounts in homes or buried in the ground , the fact that the process of replacing in the event expose Dt to burn or damage costs the central administrative and financial burdens, stressing that the counterfeit currency rate is still within the internationally accepted borders, with the central quest to carry out an information campaign to educate the public on how to distinguish between the original currency and Almzorh.oicol behind on a question about the possibility of having higher versions of a class (50000 ) dinars?

– No at present intention to issue a higher class category (50000) dinars.

* What about the subject of the deletion of zeros and the reason for the delay?

– the decision on the deletion of zeros cannot be taken in isolation from the political and legal environment in the country under conditions the security situation as a result of terrorist acts and exit from the provinces outside the control of the state for the years 2014, 2015, 2016 which prevents certainly to wait in the implementation of this project, in addition to that this must be done in coordination with all state departments and the private sector, where it should be followed by changing the paragraphs contained in the various laws, which include a reference to fines or lump – sum collection of fees, must also change the financial and statistical records in order to conform with the project process the deletion of zeros. On the other hand, the technical preparations are underway by us.

* How is the cost of the annual replacement and replacement of damaged currency?

– First , there is no substitution instead of a damaged annually, as the bank instead seeks to issue new papers for security specifications developed, so the cost is reduced in this way it is the cost of issuing new banknotes specifications better used at the same time damaged to the replacement of currency from the previous editions .

We seek to carry out an information campaign to distinguish between original and counterfeit currency

* How discovered the counterfeit currency of the size?

– The Central Bank of Iraq resorted to the use of machines to sophisticated counting and sorting which can detect counterfeit currency, in addition to banks guide using modern techniques in the currency examination, but the problem is not doing shopkeepers enough efforts to use the machines to check the currency, as the bank seeks to campaign media to sensitize the public on how to distinguish between the original currency and counterfeit currency by issuing a booklet definitions and (posters) for this purpose and will be distributed to banks in major shopping malls, and in all cases, the counterfeit currency rate is still within the internationally accepted borders , where even T ratio (0.000025) (Twenty – five million paper sheet).

* What currency damaged by fire or poor storage of citizens compensation mechanisms?

– While we hope the citizens do not keep large amounts in homes or buried in the ground, and to do instead in the deposit with the banks, as the replacement of the burnt currency process or damaged it costs the central bank financial burdens and administrative Colva unwarranted, however the bank is to receive citizens whose savings in Iraqi currency to fire accidents provided that they are documented by the civil Defense Department and be sourced from the project, either in terms of currency (buried) are sufficiency statement on the sources of these funds, and in this regard we call on citizens not to accept the mediation of any hand to Astb The Iraqi currency and that this bank does not receive any commission for its replacement.

We applied security methods with modern technology advanced counting and sorting currency

* What future plans for the central bank currency and print?

– Iraqi Central Bank seeks to keep pace with the evolution of printing currency and modern technologies both in currency printing or counting devices and sorting the currency where they are constantly adding new security features in addition to the acquisition of advanced machines counting and sorting currency, was dispensed with final counting and manual screening process.

* How much is the size of the torn currency and how much of the size of the printed currency?

– The number of banknotes unfit for circulation deposited with this bank (1,277,049,543) cash paper of various categories, where they are compensated from the stored banknotes have this bank, as the number of printed banknotes (11,615,265,154) cash paper of various categories.

Read more:  http://www.dinarupdates.com/showthread.php?48060-Dir-of-the-Issuance-Dept-of-the-Central-Bank-(range)-Printed-currency-11-Billion&p=171964#post171964

Iraqi Dinar/Dollar auction 04-13-17 (most recent listing)

Currency Auctions Announcement No. 3422

This daily currency auction was held in the Central Bank of Iraq on the 04-11-2017

The results were as follows:

DETAILS NOTES
Number of banks 34
Number of remittance companies 11
Auction price selling dinar / US$ —–
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 163,458,344
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 163,458,344
Total offers for selling (US$) —–

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

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The following .PDF is the review by RCookie of the IMF board’s publishing of Iraq’s SBA (excellent info) – He would have wanted you all to have it.. posting the whole .PDF was the only way to get it on here. Enjoy. BGG

Robert Cook  CSW  CSS  CBP  CST  CTC

Iraq:

IMF EXECUTIVE BOARD COMPLETES FIRST REVIEW IRAQ’S STAND-BY ARRANGEMENT (45 pages…)

CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1256.934 1256.306
British pound GBP 1471.238 1470.503
Canadian dollar CAD 888.689 888.244
Swiss franc CHF 1175.770 1175.182
Swedish krona SEK 130.243 130.178
Norwegian krone NOK 137.755 137.686
Danish krone DKK 169.005 168.921
Japanese yen JPY 10.686 10.681
Special
Drawing Rights
SDR 1603.870 1603.068

Indicative rates – 04.13.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – April 14th

New Iraqi strategy to free the connector protecting civilians

Iraqi forces complex new strategy relies on reducing the inroads and progress slowly in neighborhoods with using small arms to avoid civilian deaths.

Iraq-Iraqi forces, over the past few days, slightly on the West side of Mosul battles through three editing is Morocco and Yarmouk and Mills, with the region still harder, the old connector, under the control of the militant organization of ISIS, although it has been more than two weeks on fencing.

What happens, according to Parliamentary Deputy and military expert, is applying for “difficult and complicated new strategy” based on reducing airstrikes and advances slowly inside houses, and the use of light weapons, to avoid civilian deaths, destruction of infrastructure, especially in the wake of the massacre alive new connector, but ISIS succeeded in taking advantage of change through fighting strategy targeting forces sniper and rocket attacks.

Iraqi forces continues, the attribution of the international coalition, led by the United States, has been fighting since 19 February, to restore the Western side of Mosul, Ninawa Governorate, having completed, on 24 January, the restoration of the East side, in the process begun on October 17.Civilians and infrastructure.

A member of the security and Defense Committee in the Iraqi Parliament almtioni the new strategy adopted by the Iraqi forces, especially the fight against terrorism (elite), is the slow progress in reviving Downtown West side of the city, and fighting with small arms, to avoid casualties among civilians.

“The Iraqi forces have adopted this new strategy for progress in the West side neighborhoods of the city, after the deaths of civilians in Mosul district” West of the city, where approximately 1.5 million people, most of the year, out of more than 38 million.

Remains unclear killed dozens of civilians in their homes in this neighborhood, on March 17, where international coalition said it launched an air raid in the neighborhood, the same day the Iraqi Government’s request, which was denied by Baghdad, accusing ISIS while bombing caused this “massacre”.

Iraqi mp added that “Iraqi forces currently using light weapons, by infiltrating neighborhoods to protect civilians and infrastructure, new strategic objectives were achieved during the past few days.”

Maybe almtioni to “battles of the Western side of Mosul may end within weeks, the slow progress is satisfactory, Iraqi forces will be able to resolve the battles on the West side during a period that does not exceed weeks.”

And the Western side of the connector is smaller than the East side area, where 40% of the total area of the city, but the population density is greater, the United Nations estimated the number of its residents by about 800 thousand inhabitants, of whom 285 thousand, according to the international organization, last Tuesday.

ISIS sniperAccording to Khalil naimi, a retired colonel from the Iraqi army, “in an attempt to slow the advance of the attacking forces in the largest and last bastion in Iraq, ISIS uses several methods, most notably snipers and rocket attacks and suicide car bombs, especially after reducing the use of aerial bombing by Coalition aircraft and Iraqi aviation.

“He added that “over the past days, ISIS succeeded in taking advantage of the change in the battles of the Western side of Mosul, Federal Police axis stopped entirely, and axis Division 9 semi Army stopped, except the axis forces fighting terrorism, based on the street fighter of scraping, is difficult and complicated strategy.”

“ISIS began to rely entirely on the battles on the snipers and missile bombardment of Iraqi troops gathering sites, the organization owns a few snipers aliens and destroy them, the new strategy that trimmed the aerial bombardment, takes longer.”

And still more than two weeks ago, Iraqi forces have surrounded the old connector area, Central West side, comprising many neighborhoods high population density and its streets are narrow and complex military vehicles cannot enter, what makes soldiers exposed to sniper ISIS.

Attack on Tal AfarUnlike the battles of the Western side of Mosul, is preparing to launch an attack widely popular crowd using various weapons, basing of Airforce to storm spend Tal Afar, 60 km west of Mosul, controlled by ISIS since June 2014.

Said Kamal Saadi, a leader in the popular crowd to “spend talver is quite different from the West side neighborhoods of Mosul, there are open spaces within the judiciary, the number of civilians in a few sites, organization of ISIS were identified, but at the same time expect fierce battles”.

He said that “most of the factions of the popular crowd will take part in the battle of Tal Afar liberation, we have complete information about ISIS preparations in and around size within the judiciary, elements of the organization does not intend to withdraw from the crack, so it’s going to be a tough battle.”

Local and international reports on human rights that civilians in Mosul and its surroundings extremely bad humanitarian situations, due to the embargo in months, the scarcity of food, drinking water, as well as almost other basic services such as health and electricity.

Read more:    http://www.dinarupdates.com/showthread.php?48187-New-Iraqi-strategy-to-free-the-connector-protecting-civilians

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Iraq gets the location of the Deputy Secretary General of the United Nations, the first time in its history

United Nations Organization and the formal meeting on Friday, the Secretary General Antonio ghotersh was appointed Permanent Representative of the Republic of Iraq, Ambassador Mohamed Ali Hakim, his Deputy and Executive Director of the United Nations Economic and Social Commission for Western Asia (ESCWA), based in Beirut, a top UN post get figure since the founding of the United Nations.

The Iraqi Foreign Ministry said in a statement/balance of news copy, to “choose the United Nations Secretary General Ambassador wise as Executive Director of the prestigious behaves kalaskwa represents further proof of Iraq to restore its leading role in international and regional organizations, an important product of hard work by the Iraqi Foreign Ministry through diplomatic figures ltsnm quest becomes an important international positions.

She added that ESCWA is the oldest UN agencies, as the regional arm of the United Nations in the Arab world, which was founded in 1973, we trust that Ambassador Mohamed Ali Hakim, known for negotiating skills and professional abilities in the framework of bilateral and multilateral diplomacy, will represent a continuation and add quality to the tradition of that institution engaged in achieving the agreed international development goals, in particular the new sustainable development goals, with a focus on Arab economic and social integration and the exchange of experience among its solutions to problems Facing West Asia. ”

Read more: http://www.dinarupdates.com/showthread.php?48180-Iraq-gets-the-location-of-the-Deputy-Secretary-General-of-the-United-Nations-the-fir

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“The grey Eagle” engaged in the battle of Mosul

Use the U.S. military for the first time the latest drone piloted aircraft in the battle of Mosul.

The Pentagon announced on April 8th April 2017 MQ-1C aircraft Grey Eagle (gray Eagle) fought the first battle in Iraq.

Heiner goshoia captain said they used grey Eagle aircraft in support of Iraqi forces.American forces began receiving gray Eagle aircraft, a human crew-free aircraft, a year or a year and a half.

Gray Eagle Jet carrying four Hellfire missiles (Hellfire) that can be used against tanks or infantry.It should be noted that the price of the grey Eagle aircraft is about $21 million, the loss of this aircraft in combat loss.

And accept the U.S. military, however, to use these planes because of the lack of a human crew to maintain the safety of the lives of its people.

Russian expert notes Denise vidotinov that grey Eagle aircraft originally allocated for reconnaissance and intelligence. Hence the potential hostilities

Read more: http://www.dinarupdates.com/showthread.php?48186-quot-The-grey-Eagle-quot-engaged-in-the-battle-of-Mosul

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DayTrader, a News Researcher for DinarUpdates.com, recently had some interesting commentary.

Here are his thoughts:

Article 140 is much more complex than many realize. If you read Article 140 in the Iraq constitution, it refers to Article 58 of the Law of Administration for the State of Iraq for the Transitional Period that outlines all the steps that must be completed. This was a document constructed by Paul Bremmer to be used until a permanent constitution could be developed and ratified by Iraq. Article 58 states:

Article 58.
(A) The Iraqi Transitional Government, and especially the Iraqi Property Claims Commission and other relevant bodies, shall act expeditiously to take measures to remedy the injustice caused by the previous regime’s practices in altering the demographic character of certain regions, including Kirkuk, by deporting and expelling individuals from their places of residence, forcing migration in and out of the region, settling individuals alien to the region, depriving the inhabitants of work, and correcting nationality. To remedy this injustice, the Iraqi Transitional Government shall take the following steps:

(1) With regard to residents who were deported, expelled, or who emigrated; it shall, in accordance with the statute of the Iraqi Property Claims Commission and other measures within the law, within a reasonable period of time, restore the residents to their homes and property, or, where this is unfeasible, shall provide just compensation.

(2) With regard to the individuals newly introduced to specific regions and territories, it shall act in accordance with Article 10 of the Iraqi Property Claims Commission statute to ensure that such individuals may be resettled, may receive compensation from the state, may receive new land from the state near their residence in the governorate from which they came, or may receive compensation for the cost of moving to such areas.

(3) With regard to persons deprived of employment or other means of support in order to force migration out of their regions and territories, it shall promote new employment opportunities in the regions and territories.

(4) With regard to nationality correction, it shall repeal all relevant decrees and shall permit affected persons the right to determine their own national identity and ethnic affiliation free from coercion and duress.

(B) The previous regime also manipulated and changed administrative boundaries for political ends. The Presidency Council of the Iraqi Transitional Government shall make recommendations to the National Assembly on remedying these unjust changes in the permanent constitution. In the event the Presidency Council is unable to agree unanimously on a set of recommendations, it shall unanimously appoint a neutral arbitrator to examine the issue and make recommendations. In the event the Presidency Council is unable to agree on an arbitrator, it shall request the Secretary General of the United Nations to appoint a distinguished international person to be the arbitrator.

(C) The permanent resolution of disputed territories, including Kirkuk, shall be deferred until after these measures are completed, a fair and transparent census has been conducted and the permanent constitution has been ratified. This resolution shall be consistent with the principle of justice, taking into account the will of the people of those territories.

The challenge has always been how to implement the required changes. Those steps coupled with the fact that some of the people that Saddam Hussein forced out and those Sunnis that he brought in are no longer living. The resolution will have to involve their children, plus the process will also be challenged in identifying and finding all these families. This is not a quick fix. IMO that is why Abadi gave the responsibility to create an implementation plan to Barzani and the governor of the Kirkuk province. All of that said, I don’t believe that the implementation of Article 140 is tied to the revaluation of Iraq’s currency. I haven’t found any reference to Article 140 in any of the UN resolutions or SBA documents between the IMF, CBI and GOI.

Read more:  http://www.dinarupdates.com/showthread.php?48133-Commentary-from-DayTrader

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Minister: Iraq offers comparative advantage to Kuwaiti investments 

KUWAIT ( Reuters ) – Iraq is keen to give Kuwait a comparative advantage in investment concessions in its markets, according to Kuwait News Agency (KUNA).

Salman Al-Jumaili told KUNA on Friday that during his meeting with Minister of Commerce and Industry and Minister of State for Youth Affairs Khalid Al-Roudhan, he reached an integrated plan to deal with obstacles in the coming stage by facilitating the obtaining of visas between the two countries and the possibility of entering goods between the border Wild as well as facilitating the payment of goods.

He explained that his government began to take a package of economic reforms through the amendment of laws and legislation in order to create an attractive environment for foreign investment in order to ensure the expansion of the country’s productive base.

The country’s economic reform program focuses on privatization, attracting investment, encouraging the private sector to compete and diversifying exports to help reduce dependence on oil revenues as a sole supplier of national income, he said.

He said that Iraq relies on Kuwaiti investors to contribute to the economic development of his country and to achieve the government program as required, calling on Kuwaiti companies to invest in the reconstruction process.

The Iraqi oil minister said in early April that his country will supply Kuwait with 200 million cubic feet of liquefied natural gas (LNG) per day, likely to finish soon the project to supply Kuwait with gas, quoting Kuwait News Agency (KUNA).

Jabbar al-Allaibi pointed to the investment of Iraq to 1.4 billion cubic feet of gas per day during the current year, compared to 650 million cubic feet in 2016, according to “KUNA”.

He said Allaibi: Iraq’s production of liquefied natural gas rose to 6 thousand tons per day, while the rate of export thousand tons per day, according to the agency.

Read more: http://www.dinarupdates.com/showthread.php?48190-Minister-Iraq-offers-comparative-advantage-to-Kuwaiti-investments

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Direction Press / Special

A member of the Committee on oil and energy parliamentary Tareq Siddiq said that “the collection of electricity wages of citizens is a legal right is indisputable, pointing out that” the national energy system needs a large sum of money to improve and assess, and the wages of electricity will contribute to the recovery of that organization.

A friend in an interview with “Trend Press” said that the issue of collection of electricity wages is a legal issue, whether stated by Prime Minister Haider Abadi or not, stating, “Citizens are supposed to be more aware of the completion of their duties to the state to get their rights of electricity .

“The national system of electricity needs several factors to regain its ability to cover all areas of Iraq, such as maintenance and reconstruction and the opening of new areas need this energy,” adding that “when the citizen leads his duty towards the state will take full rights of electricity.

He pointed out that “the accumulated wages on the citizen needs fair solutions, and one of those solutions is the process of installment of such wages so that citizens can pay these amounts in the form of payments, pointing out that” the payment of debts accumulated in one lot will adversely affect the economic situation of the citizen.

Prime Minister Haider al-Abadi said last Tuesday that the provision of electricity in the country for 24 hours requires the implementation of the system of collection.

“The provision of electricity in the country for 24 hours throughout the country requires the application of a system of tax collection for citizens to collect the financial fees,” Abbadi told a news conference.

He added that “the Council of Ministers decided to form a specialized committee in the Ministry of Electricity for the wages of contractors in the field of collection in line with the strategy to provide energy for 24 hours for citizens.

 Read more:  http://www.dinarupdates.com/showthread.php?48174-Parliamentary-Energy-The-collection-of-electricity-fees-from-citizens-will-revive

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 International Energy: The oil market is nearing equilibrium

Trend Press / Agencies The International Energy Agency (IEA) said on Thursday that the world oil market is nearing a return to equilibrium after nearly three years of oversupply, with output cuts by major exporters offsetting the long-term decline in rich countries.

The Organization for Economic Co-operation and Development (OECD) said crude oil inventories fell 17.2 million barrels in March, while the first three months of the year increased by 38.5 million barrels or 425,000 bpd.

“It can be said with confidence that the market is very close to the balance already, and with more data, it will become clearer,” the Paris-based agency said. A second half “of the year is” interesting “.

Total crude inventories in OECD countries fell 8.1 million barrels in February to 3.055 billion barrels, to stay above the five-year average of 330 million barrels, the International Energy Agency said.

The International Energy Agency (IEA) cut its forecast for world oil demand growth in 2017 by 40,000 bpd to 1.32 million bpd, warning that these estimates may be optimistic given the slowdown in consumption in the United States and Asia’s advanced economies such as Australia, Japan and South Korea.

On the supply side, the agency reported that world production fell 755 thousand barrels per day in March to 95.98 million barrels per day, while OPEC and its partners are committed to a joint agreement to reduce production of 1.8 million barrels per day in the first half of this year.

The Organization of the Petroleum Exporting Countries (OPEC) has committed itself to a commitment to a “strong” level of 99 percent in March, the agency said, noting that non-Opec members, including Russia and Oman, have increased their commitment to 64 percent. Percent from 38 percent in February.

In 2017, the International Energy Agency said it expected non-Opec supply to increase by 485,000 barrels per day (bpd), up from 400,000 bpd in previous estimates, led by increases in US production growth.

Read More:  http://www.dinarupdates.com/showthread.php?48173-International-Energy-The-oil-market-is-nearing-equilibrium

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A Dinar Updates “FaceBook Live”!!
“LIVE Q&A with BGG”
From – Apr 7th
In the DU FaceBook Group!!

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

____________________________________________________________

World Trade Organization expects global trade to grow by 2.4% in 2017

Trend Press / Continue The World Trade Organization (WTO) said on Wednesday that global trade is growing at 2.4 percent this year, but there is “deep uncertainty” over economic and political developments, especially in the United States.

“This year’s growth range was revised to between 1.8 and 3.6 percent from 1.8 percent and 3.1 percent last September,” the organization said in a statement. “Concerns over the bottleneck of trade activities are unclear because of government policy uncertainty.”

“We should look at trade as part of the solution to economic difficulties, not as part of the problem,” said Roberto Azivido, FAO Director-General.

“There is generally cautious optimism, but trade growth remains fragile, there is a risk of a significant decline and a great deal of political uncertainty,” he told a press conference, calling on the world to “continue to resist the creation of new barriers to trade.”

The WTO has revised its initial estimates repeatedly over the past five years on expectations of an economic recovery that has proved to be optimistic.

World trade grew at an “average slow” rate of 1.3 percent in 2016, the lowest pace since the financial crisis, unable even to match the September revised WTO forecast of 1.7 percent.

In 2018, global trade is expected to grow between 2.1 and 4 percent, according to the latest World Trade Organization analysis.

Read more: http://www.dinarupdates.com/showthread.php?48140-World-Trade-Organization-expects-global-trade-to-grow-by-2-4-in-2017

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When you confront a problem you begin to solve it. – Rudy Giuliani

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1bobby (Dinar Guru) –   Article:  “Parliamentary economy talks about the provisions of the law “Trademarks”  As we delved further into what we are seeing is a WTO requirement. The TRIPS Agreement within the WTO guidelines mainly deals with intellectual property protections, it also go into trademark issues. Some ask if this needed for an RV. What it is needed for is promoting trade which is one of the pillars that influences exchange rates.

Read More: http://www.dinarupdates.com/observer/
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Kaperoni (Dinar Guru) –   Article:  “UNDP to Implement E-Tendering system in Iraq”  Quote:  “The UN Development Programme (UNDP)’s Iraq Country Office has announced that, starting 1st May 2017, all procurement processes will be conducted using an online E-Tendering system (Electronic Tendering Platform).”   Good to see.  More electronic, less corruption.

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

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

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

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

1bobby (Dinar Guru) –  Article:  “Iraq and Kuwait to discuss mechanisms for achieving economic complementarity”   When they speak of “mechanisms” that means that the substance(s) of the agreement have been met, now they are looking towards implementation. Kuwait and the other ME Countries are learning that they can not survive by oil alone and they need to open the doors to more of a non oil revenue based economy.   Iraq has lifted a ban that basically gives the right to Kuwati citizens the right to own property and invest in Iraq.  Now Iraq wants the same from Kuwait.  Kuwait calls Iraq “An important and promising market“.

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

Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars

Most of the Iraqi Central Bank steps are subject to political and legal environment of the country , especially in regard to the deletion of zeros that counted specialists in the earlier trend sensitive and dangerous may still be , but the central remains the most important institution in terms of the need to adjust the financial management in light of the financial crisis experienced by the the Iraqi economy, which must have to deal with dilemmas , whether with regard to the citizen or the work of the central bank itself.

Questions concerning important files posed (range) in this meeting , the director of the release and the Treasury in the Central Bank Aa’bas behind, and with being answered by briefly he pointed out the most important points that showed that the currency is good for circulation deposited Central has exceeded one billion and a quarter of a million dinars an amount that is not a little if they were compensated by the stored banknotes at the bank , as some believe, at the time between the printed currency size has exceeded the “11 billion and 600 million dinars, he urged citizens on the need not to keep large amounts in homes or buried in the ground , the fact that the process of replacing in the event expose Dt to burn or damage costs the central administrative and financial burdens, stressing that the counterfeit currency rate is still within the internationally accepted borders, with the central quest to carry out an information campaign to educate the public on how to distinguish between the original currency and Almzorh.oicol behind on a question about the possibility of having higher versions of a class (50000 ) dinars?

– No at present intention to issue a higher class category (50000) dinars.

* What about the subject of the deletion of zeros and the reason for the delay?

– the decision on the deletion of zeros cannot be taken in isolation from the political and legal environment in the country under conditions the security situation as a result of terrorist acts and exit from the provinces outside the control of the state for the years 2014, 2015, 2016 which prevents certainly to wait in the implementation of this project, in addition to that this must be done in coordination with all state departments and the private sector, where it should be followed by changing the paragraphs contained in the various laws, which include a reference to fines or lump – sum collection of fees, must also change the financial and statistical records in order to conform with the project process the deletion of zeros. On the other hand, the technical preparations are underway by us.

* How is the cost of the annual replacement and replacement of damaged currency?

– First , there is no substitution instead of a damaged annually, as the bank instead seeks to issue new papers for security specifications developed, so the cost is reduced in this way it is the cost of issuing new banknotes specifications better used at the same time damaged to the replacement of currency from the previous editions .

We seek to carry out an information campaign to distinguish between original and counterfeit currency

* How discovered the counterfeit currency of the size?

– The Central Bank of Iraq resorted to the use of machines to sophisticated counting and sorting which can detect counterfeit currency, in addition to banks guide using modern techniques in the currency examination, but the problem is not doing shopkeepers enough efforts to use the machines to check the currency, as the bank seeks to campaign media to sensitize the public on how to distinguish between the original currency and counterfeit currency by issuing a booklet definitions and (posters) for this purpose and will be distributed to banks in major shopping malls, and in all cases, the counterfeit currency rate is still within the internationally accepted borders , where even T ratio (0.000025) (Twenty – five million paper sheet).

* What currency damaged by fire or poor storage of citizens compensation mechanisms?

– While we hope the citizens do not keep large amounts in homes or buried in the ground, and to do instead in the deposit with the banks, as the replacement of the burnt currency process or damaged it costs the central bank financial burdens and administrative Colva unwarranted, however the bank is to receive citizens whose savings in Iraqi currency to fire accidents provided that they are documented by the civil Defense Department and be sourced from the project, either in terms of currency (buried) are sufficiency statement on the sources of these funds, and in this regard we call on citizens not to accept the mediation of any hand to Astb The Iraqi currency and that this bank does not receive any commission for its replacement.

We applied security methods with modern technology advanced counting and sorting currency

* What future plans for the central bank currency and print?

– Iraqi Central Bank seeks to keep pace with the evolution of printing currency and modern technologies both in currency printing or counting devices and sorting the currency where they are constantly adding new security features in addition to the acquisition of advanced machines counting and sorting currency, was dispensed with final counting and manual screening process.

* How much is the size of the torn currency and how much of the size of the printed currency?

– The number of banknotes unfit for circulation deposited with this bank (1,277,049,543) cash paper of various categories, where they are compensated from the stored banknotes have this bank, as the number of printed banknotes (11,615,265,154) cash paper of various categories.

Read more:  http://www.dinarupdates.com/showthread.php?48060-Dir-of-the-Issuance-Dept-of-the-Central-Bank-(range)-Printed-currency-11-Billion&p=171964#post171964

Iraqi Dinar/Dollar auction 04-13-17 (most recent listing)

Currency Auctions Announcement No. 3422

This daily currency auction was held in the Central Bank of Iraq on the 04-11-2017

The results were as follows:

DETAILS NOTES
Number of banks 34
Number of remittance companies 11
Auction price selling dinar / US$ —–
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 163,458,344
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 163,458,344
Total offers for selling (US$) —–

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

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The following .PDF is the review by RCookie of the IMF board’s publishing of Iraq’s SBA (excellent info) – He would have wanted you all to have it.. posting the whole .PDF was the only way to get it on here. Enjoy. BGG

Robert Cook  CSW  CSS  CBP  CST  CTC

Iraq:

IMF EXECUTIVE BOARD COMPLETES FIRST REVIEW IRAQ’S STAND-BY ARRANGEMENT (45 pages…)

CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1256.934 1256.306
British pound GBP 1471.238 1470.503
Canadian dollar CAD 888.689 888.244
Swiss franc CHF 1175.770 1175.182
Swedish krona SEK 130.243 130.178
Norwegian krone NOK 137.755 137.686
Danish krone DKK 169.005 168.921
Japanese yen JPY 10.686 10.681
Special
Drawing Rights
SDR 1603.870 1603.068

Indicative rates – 04.13.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – April 13th

Iraq plans to export 3 million and 220 thousand barrels a day next month.

Commercial sources based on the monthly download program Thursday that Iraq plans to export some 3.22 million barrels of crude oil from the port of Basra in the South of the country in May.

Reuters data indicate that these quantities are the biggest since last February.

And crude supplies are expected to rise slightly next month of Basra light to 2.38 million barrels of 2.34 million barrels planned in April.

The Basra crude exports are expected to reach heavy 839 thousand barrels a day in May, up from 833 thousand barrels a day in April.

Read more:    http://www.dinarupdates.com/showthread.php?48148-Iraq-plans-to-export-3-million-and-220-thousand-barrels-a-day-next-monthead more:

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DayTrader, a News Researcher for DinarUpdates.com, recently had some interesting commentary.

Here are his thoughts:

Article 140 is much more complex than many realize. If you read Article 140 in the Iraq constitution, it refers to Article 58 of the Law of Administration for the State of Iraq for the Transitional Period that outlines all the steps that must be completed. This was a document constructed by Paul Bremmer to be used until a permanent constitution could be developed and ratified by Iraq. Article 58 states:

Article 58.
(A) The Iraqi Transitional Government, and especially the Iraqi Property Claims Commission and other relevant bodies, shall act expeditiously to take measures to remedy the injustice caused by the previous regime’s practices in altering the demographic character of certain regions, including Kirkuk, by deporting and expelling individuals from their places of residence, forcing migration in and out of the region, settling individuals alien to the region, depriving the inhabitants of work, and correcting nationality. To remedy this injustice, the Iraqi Transitional Government shall take the following steps:

(1) With regard to residents who were deported, expelled, or who emigrated; it shall, in accordance with the statute of the Iraqi Property Claims Commission and other measures within the law, within a reasonable period of time, restore the residents to their homes and property, or, where this is unfeasible, shall provide just compensation.

(2) With regard to the individuals newly introduced to specific regions and territories, it shall act in accordance with Article 10 of the Iraqi Property Claims Commission statute to ensure that such individuals may be resettled, may receive compensation from the state, may receive new land from the state near their residence in the governorate from which they came, or may receive compensation for the cost of moving to such areas.

(3) With regard to persons deprived of employment or other means of support in order to force migration out of their regions and territories, it shall promote new employment opportunities in the regions and territories.

(4) With regard to nationality correction, it shall repeal all relevant decrees and shall permit affected persons the right to determine their own national identity and ethnic affiliation free from coercion and duress.

(B) The previous regime also manipulated and changed administrative boundaries for political ends. The Presidency Council of the Iraqi Transitional Government shall make recommendations to the National Assembly on remedying these unjust changes in the permanent constitution. In the event the Presidency Council is unable to agree unanimously on a set of recommendations, it shall unanimously appoint a neutral arbitrator to examine the issue and make recommendations. In the event the Presidency Council is unable to agree on an arbitrator, it shall request the Secretary General of the United Nations to appoint a distinguished international person to be the arbitrator.

(C) The permanent resolution of disputed territories, including Kirkuk, shall be deferred until after these measures are completed, a fair and transparent census has been conducted and the permanent constitution has been ratified. This resolution shall be consistent with the principle of justice, taking into account the will of the people of those territories.

The challenge has always been how to implement the required changes. Those steps coupled with the fact that some of the people that Saddam Hussein forced out and those Sunnis that he brought in are no longer living. The resolution will have to involve their children, plus the process will also be challenged in identifying and finding all these families. This is not a quick fix. IMO that is why Abadi gave the responsibility to create an implementation plan to Barzani and the governor of the Kirkuk province. All of that said, I don’t believe that the implementation of Article 140 is tied to the revaluation of Iraq’s currency. I haven’t found any reference to Article 140 in any of the UN resolutions or SBA documents between the IMF, CBI and GOI.

Read more:  http://www.dinarupdates.com/showthread.php?48133-Commentary-from-DayTrader

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“Flash Cast LIVE” session Sunday w/BGG

Click here for Video Replay

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Europe opens its doors to Iraq

Through strategic projects in cooperation with the Government.

Baghdad/morning Iraqi diplomatic movements succeeded and triumphs achieved by our forces in Mosul, earning an unprecedented international support.

After the visits of Heads of State and Foreign Ministers to Baghdad, European and Asian ambassadors confirmed yesterday full support for Iraq, but the most prominent is the Declaration of the European Union today fully supported Baghdad economically and opened its doors wide open in front of the Iraqi Government.

In this regard, the President of the European Commission mission in Baghdad Ambassador Patrick Simonet: the “mission to discuss with the Iraqi Government to support the efforts of Iraq differently, it is important to assist in the management of public finances, since the mission began providing support for the development of economy and the energy file and help Iraq in relying on local confiscation as a rich country.”

He also noted that “the Mission in Iraq and will continue to support him but they do not want this country to depend entirely on external financing, but you must give space for investment projects can be implemented.

The European mission said that “the support to be provided by the mission to Iraq during the next phase,” very important “, he started a number of projects for the development of education curricula, followed by projects to rehabilitate schools and vocational education development and public finance management oil and gas management work associated with the promotion of the electricity sector and restore stability in the liberated areas.”

Under offline, Japanese Ambassador to Iraq said Fumio Iwai his eagerness to cooperate and communicate with Iraq in order to support stability.

He said during the parliamentary Foreign Relations Committee tdaiivh yesterday, that “Japanese loans Iraq like aid and are very few benefits within important areas include transport, agriculture, oil and industry”.

Read more: http://www.dinarupdates.com/showthread.php?48175-Europe-opens-its-doors-to-Iraq

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Direction Press / Special

A member of the Committee on oil and energy parliamentary Tareq Siddiq said that “the collection of electricity wages of citizens is a legal right is indisputable, pointing out that” the national energy system needs a large sum of money to improve and assess, and the wages of electricity will contribute to the recovery of that organization.

A friend in an interview with “Trend Press” said that the issue of collection of electricity wages is a legal issue, whether stated by Prime Minister Haider Abadi or not, stating, “Citizens are supposed to be more aware of the completion of their duties to the state to get their rights of electricity .

“The national system of electricity needs several factors to regain its ability to cover all areas of Iraq, such as maintenance and reconstruction and the opening of new areas need this energy,” adding that “when the citizen leads his duty towards the state will take full rights of electricity.

He pointed out that “the accumulated wages on the citizen needs fair solutions, and one of those solutions is the process of installment of such wages so that citizens can pay these amounts in the form of payments, pointing out that” the payment of debts accumulated in one lot will adversely affect the economic situation of the citizen.

Prime Minister Haider al-Abadi said last Tuesday that the provision of electricity in the country for 24 hours requires the implementation of the system of collection.

“The provision of electricity in the country for 24 hours throughout the country requires the application of a system of tax collection for citizens to collect the financial fees,” Abbadi told a news conference.

He added that “the Council of Ministers decided to form a specialized committee in the Ministry of Electricity for the wages of contractors in the field of collection in line with the strategy to provide energy for 24 hours for citizens.

 Read more:  http://www.dinarupdates.com/showthread.php?48174-Parliamentary-Energy-The-collection-of-electricity-fees-from-citizens-will-revive

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Follow us on twitter @DinarUpdates !!

follow Dinar Updates on twitterDinar Updates – “NEWS TIME” w/MadDScout & Facebook Crew – April 13th  6:30pm CST – In the DU CHAT Room!!

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International Energy: The oil market is nearing equilibrium

Trend Press / Agencies The International Energy Agency (IEA) said on Thursday that the world oil market is nearing a return to equilibrium after nearly three years of oversupply, with output cuts by major exporters offsetting the long-term decline in rich countries.

The Organization for Economic Co-operation and Development (OECD) said crude oil inventories fell 17.2 million barrels in March, while the first three months of the year increased by 38.5 million barrels or 425,000 bpd.

“It can be said with confidence that the market is very close to the balance already, and with more data, it will become clearer,” the Paris-based agency said. A second half “of the year is” interesting “.

Total crude inventories in OECD countries fell 8.1 million barrels in February to 3.055 billion barrels, to stay above the five-year average of 330 million barrels, the International Energy Agency said.

The International Energy Agency (IEA) cut its forecast for world oil demand growth in 2017 by 40,000 bpd to 1.32 million bpd, warning that these estimates may be optimistic given the slowdown in consumption in the United States and Asia’s advanced economies such as Australia, Japan and South Korea.

On the supply side, the agency reported that world production fell 755 thousand barrels per day in March to 95.98 million barrels per day, while OPEC and its partners are committed to a joint agreement to reduce production of 1.8 million barrels per day in the first half of this year.

The Organization of the Petroleum Exporting Countries (OPEC) has committed itself to a commitment to a “strong” level of 99 percent in March, the agency said, noting that non-Opec members, including Russia and Oman, have increased their commitment to 64 percent. Percent from 38 percent in February.

In 2017, the International Energy Agency said it expected non-Opec supply to increase by 485,000 barrels per day (bpd), up from 400,000 bpd in previous estimates, led by increases in US production growth.

Read More:  http://www.dinarupdates.com/showthread.php?48173-International-Energy-The-oil-market-is-nearing-equilibrium

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A Dinar Updates “FaceBook Live”!!
“LIVE Q&A with BGG”
From – Apr 7th
In the DU FaceBook Group!!

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

____________________________________________________________

World Trade Organization expects global trade to grow by 2.4% in 2017

Trend Press / Continue The World Trade Organization (WTO) said on Wednesday that global trade is growing at 2.4 percent this year, but there is “deep uncertainty” over economic and political developments, especially in the United States.

“This year’s growth range was revised to between 1.8 and 3.6 percent from 1.8 percent and 3.1 percent last September,” the organization said in a statement. “Concerns over the bottleneck of trade activities are unclear because of government policy uncertainty.”

“We should look at trade as part of the solution to economic difficulties, not as part of the problem,” said Roberto Azivido, FAO Director-General.

“There is generally cautious optimism, but trade growth remains fragile, there is a risk of a significant decline and a great deal of political uncertainty,” he told a press conference, calling on the world to “continue to resist the creation of new barriers to trade.”

The WTO has revised its initial estimates repeatedly over the past five years on expectations of an economic recovery that has proved to be optimistic.

World trade grew at an “average slow” rate of 1.3 percent in 2016, the lowest pace since the financial crisis, unable even to match the September revised WTO forecast of 1.7 percent.

In 2018, global trade is expected to grow between 2.1 and 4 percent, according to the latest World Trade Organization analysis.

Read more: http://www.dinarupdates.com/showthread.php?48140-World-Trade-Organization-expects-global-trade-to-grow-by-2-4-in-2017

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The greatest stimulus of mankind is freedom. – Paul Ryan

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BGG (Dinar Guru) – –   The BIGGEST article of the day…  “Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars”  (the title is a little weak for the content of the article)…the title should have read RV- RV- RV!!  Quote:  “Most of the Iraqi Central Bank steps are subject to political and legal environment of the country, especially in regard to the deletion of zeros…”   …this is what you are after – EXACTLY. PERIOD.   it’s isn’t a removing of the 000 from the notes…it isn’t a changing of the DECIMAL POINT…it isn’t a change in the nominal value…IT’S A CHANGING OF THE REAL VALUE and A BRINGING IN OF THE BIG NOTES… “…deleting the big 000 notes from the market place”  = RV.   [post 1 of 2….stay tuned]

Read More: http://www.dinarupdates.com/observer/
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BGG (Dinar Guru) –  …they have no intent on bringing out any bigger note classes – THEY DON’T NEED IT… value is going the other way…nowhere in there does it mention Article 140 – HCL – or anything else… nor does it bother to mention any laws needing passed… just a few changes. (aka – AMENDMENTS)  [Also key phrase is “where it should be FOLLOWED by” Meaning the laws should be changed AFTER.]  BINGO!  money first – laws AFTER!  why? They need to get this done now! This is about as much heads up as they are willing to give anyone…if they change the laws ahead of time – EVERYONE WILL KNOW.    BIGGEST PIECE YET…here it comes…  “On the other hand, the technical preparations are underway by us.”  Meaning – on the other side of everything he’s said so far… they are and have been already making technical preparations (by the CBI).  Pretty plain – if you ask me…pretty huge news...   [post 2 of 2]

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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MadDScout (Dinar Guru) –  [What’s left before NEEDED to be taken off programmed rate?]  Answer: That is what we are watching for. But from CBI (Alak’s) view, they are looking for stability…social, political, economic, security, take your pick as to how much of each of those goes into the criterion they are looking toward.

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

Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars

Most of the Iraqi Central Bank steps are subject to political and legal environment of the country , especially in regard to the deletion of zeros that counted specialists in the earlier trend sensitive and dangerous may still be , but the central remains the most important institution in terms of the need to adjust the financial management in light of the financial crisis experienced by the the Iraqi economy, which must have to deal with dilemmas , whether with regard to the citizen or the work of the central bank itself.

Questions concerning important files posed (range) in this meeting , the director of the release and the Treasury in the Central Bank Aa’bas behind, and with being answered by briefly he pointed out the most important points that showed that the currency is good for circulation deposited Central has exceeded one billion and a quarter of a million dinars an amount that is not a little if they were compensated by the stored banknotes at the bank , as some believe, at the time between the printed currency size has exceeded the “11 billion and 600 million dinars, he urged citizens on the need not to keep large amounts in homes or buried in the ground , the fact that the process of replacing in the event expose Dt to burn or damage costs the central administrative and financial burdens, stressing that the counterfeit currency rate is still within the internationally accepted borders, with the central quest to carry out an information campaign to educate the public on how to distinguish between the original currency and Almzorh.oicol behind on a question about the possibility of having higher versions of a class (50000 ) dinars?

– No at present intention to issue a higher class category (50000) dinars.

* What about the subject of the deletion of zeros and the reason for the delay?

– the decision on the deletion of zeros cannot be taken in isolation from the political and legal environment in the country under conditions the security situation as a result of terrorist acts and exit from the provinces outside the control of the state for the years 2014, 2015, 2016 which prevents certainly to wait in the implementation of this project, in addition to that this must be done in coordination with all state departments and the private sector, where it should be followed by changing the paragraphs contained in the various laws, which include a reference to fines or lump – sum collection of fees, must also change the financial and statistical records in order to conform with the project process the deletion of zeros. On the other hand, the technical preparations are underway by us.

* How is the cost of the annual replacement and replacement of damaged currency?

– First , there is no substitution instead of a damaged annually, as the bank instead seeks to issue new papers for security specifications developed, so the cost is reduced in this way it is the cost of issuing new banknotes specifications better used at the same time damaged to the replacement of currency from the previous editions .

We seek to carry out an information campaign to distinguish between original and counterfeit currency

* How discovered the counterfeit currency of the size?

– The Central Bank of Iraq resorted to the use of machines to sophisticated counting and sorting which can detect counterfeit currency, in addition to banks guide using modern techniques in the currency examination, but the problem is not doing shopkeepers enough efforts to use the machines to check the currency, as the bank seeks to campaign media to sensitize the public on how to distinguish between the original currency and counterfeit currency by issuing a booklet definitions and (posters) for this purpose and will be distributed to banks in major shopping malls, and in all cases, the counterfeit currency rate is still within the internationally accepted borders , where even T ratio (0.000025) (Twenty – five million paper sheet).

* What currency damaged by fire or poor storage of citizens compensation mechanisms?

– While we hope the citizens do not keep large amounts in homes or buried in the ground, and to do instead in the deposit with the banks, as the replacement of the burnt currency process or damaged it costs the central bank financial burdens and administrative Colva unwarranted, however the bank is to receive citizens whose savings in Iraqi currency to fire accidents provided that they are documented by the civil Defense Department and be sourced from the project, either in terms of currency (buried) are sufficiency statement on the sources of these funds, and in this regard we call on citizens not to accept the mediation of any hand to Astb The Iraqi currency and that this bank does not receive any commission for its replacement.

We applied security methods with modern technology advanced counting and sorting currency

* What future plans for the central bank currency and print?

– Iraqi Central Bank seeks to keep pace with the evolution of printing currency and modern technologies both in currency printing or counting devices and sorting the currency where they are constantly adding new security features in addition to the acquisition of advanced machines counting and sorting currency, was dispensed with final counting and manual screening process.

* How much is the size of the torn currency and how much of the size of the printed currency?

– The number of banknotes unfit for circulation deposited with this bank (1,277,049,543) cash paper of various categories, where they are compensated from the stored banknotes have this bank, as the number of printed banknotes (11,615,265,154) cash paper of various categories.

Read more:  http://www.dinarupdates.com/showthread.php?48060-Dir-of-the-Issuance-Dept-of-the-Central-Bank-(range)-Printed-currency-11-Billion&p=171964#post171964

Iraqi Dinar/Dollar auction 04-12-17 (most recent listing)

Currency Auctions Announcement No. 3421

This daily currency auction was held in the Central Bank of Iraq on the 04-11-2017

The results were as follows:

DETAILS NOTES
Number of banks 37
Number of remittance companies 11
Auction price selling dinar / US$ —–
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 159,643,728
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 159,643,728
Total offers for selling (US$) —–

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

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The following .PDF is the review by RCookie of the IMF board’s publishing of Iraq’s SBA (excellent info) – He would have wanted you all to have it.. posting the whole .PDF was the only way to get it on here. Enjoy. BGG

Robert Cook  CSW  CSS  CBP  CST  CTC

Iraq:

IMF EXECUTIVE BOARD COMPLETES FIRST REVIEW IRAQ’S STAND-BY ARRANGEMENT (45 pages…)

CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1256.934 1256.306
British pound GBP 1471.238 1470.503
Canadian dollar CAD 888.689 888.244
Swiss franc CHF 1175.770 1175.182
Swedish krona SEK 130.243 130.178
Norwegian krone NOK 137.755 137.686
Danish krone DKK 169.005 168.921
Japanese yen JPY 10.686 10.681
Special
Drawing Rights
SDR 1603.870 1603.068

Indicative rates – 04.12.2017

http://www.cbi.iq

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

Thanks – BGG!!

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Posted in Daily Dinar Updates, Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , | Comments Off on Dinar Daily NEWS Blog – April 13th

Dinar Daily NEWS Blog – April 12th

Image result

DayTrader, a News Researcher for DinarUpdates.com, recently had some interesting commentary.

Here are his thoughts:

Article 140 is much more complex than many realize. If you read Article 140 in the Iraq constitution, it refers to Article 58 of the Law of Administration for the State of Iraq for the Transitional Period that outlines all the steps that must be completed. This was a document constructed by Paul Bremmer to be used until a permanent constitution could be developed and ratified by Iraq. Article 58 states:

Article 58.
(A) The Iraqi Transitional Government, and especially the Iraqi Property Claims Commission and other relevant bodies, shall act expeditiously to take measures to remedy the injustice caused by the previous regime’s practices in altering the demographic character of certain regions, including Kirkuk, by deporting and expelling individuals from their places of residence, forcing migration in and out of the region, settling individuals alien to the region, depriving the inhabitants of work, and correcting nationality. To remedy this injustice, the Iraqi Transitional Government shall take the following steps:

(1) With regard to residents who were deported, expelled, or who emigrated; it shall, in accordance with the statute of the Iraqi Property Claims Commission and other measures within the law, within a reasonable period of time, restore the residents to their homes and property, or, where this is unfeasible, shall provide just compensation.

(2) With regard to the individuals newly introduced to specific regions and territories, it shall act in accordance with Article 10 of the Iraqi Property Claims Commission statute to ensure that such individuals may be resettled, may receive compensation from the state, may receive new land from the state near their residence in the governorate from which they came, or may receive compensation for the cost of moving to such areas.

(3) With regard to persons deprived of employment or other means of support in order to force migration out of their regions and territories, it shall promote new employment opportunities in the regions and territories.

(4) With regard to nationality correction, it shall repeal all relevant decrees and shall permit affected persons the right to determine their own national identity and ethnic affiliation free from coercion and duress.

(B) The previous regime also manipulated and changed administrative boundaries for political ends. The Presidency Council of the Iraqi Transitional Government shall make recommendations to the National Assembly on remedying these unjust changes in the permanent constitution. In the event the Presidency Council is unable to agree unanimously on a set of recommendations, it shall unanimously appoint a neutral arbitrator to examine the issue and make recommendations. In the event the Presidency Council is unable to agree on an arbitrator, it shall request the Secretary General of the United Nations to appoint a distinguished international person to be the arbitrator.

(C) The permanent resolution of disputed territories, including Kirkuk, shall be deferred until after these measures are completed, a fair and transparent census has been conducted and the permanent constitution has been ratified. This resolution shall be consistent with the principle of justice, taking into account the will of the people of those territories.

The challenge has always been how to implement the required changes. Those steps coupled with the fact that some of the people that Saddam Hussein forced out and those Sunnis that he brought in are no longer living. The resolution will have to involve their children, plus the process will also be challenged in identifying and finding all these families. This is not a quick fix. IMO that is why Abadi gave the responsibility to create an implementation plan to Barzani and the governor of the Kirkuk province. All of that said, I don’t believe that the implementation of Article 140 is tied to the revaluation of Iraq’s currency. I haven’t found any reference to Article 140 in any of the UN resolutions or SBA documents between the IMF, CBI and GOI.

Read more:  http://www.dinarupdates.com/showthread.php?48133-Commentary-from-DayTrader


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“Flash Cast LIVE” session Sunday w/BGG

Click here for Video Replay

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Opportunities for advancement of the economy in Iraq after the defeat of ISIS

ISIS has organized a lot of land that was in his possession, but he continues to commit genocide, how could be terminated? And proceed in the opposite direction?

Focusing on the United States and the United Nations plans for the reconstruction of Iraq after the defeat of ISIS primarily on southern and Western areas of the country, and neglecting minorities in northern Iraq, particularly Christians, who still suffer from genocide and not displayed is flag continued discrimination within their countries.

These disadvantaged minorities, including Christians, Turkmens, walaizidion live in northern Iraq for thousands of years. In order to reverse genocide and make this a prosperous areas such as former and earn daily strength again, we need to create a safe area such as those in Kurdistan (1991) and Bosnia (1993).

Compounding the refugee crisis to bona fide efforts by Governments and charities focused exclusively on emergency relief, but quickly turn to disaster when it happens to adults who are able bodied to work and eager to restore the dignity of the spiral plunge into a spiral of depression and despair for their inability to provide a living for their families. For this reason, the United Nations says that habitual residence in a refugee camp continue for 17 years. This is a terrible loss of human life.

However, the establishment of a secure area that can provide security and enhances productivity as happened following the campaigns of genocide in Kurdistan.

The consensus among security experts lies in one thing: they should assemble a coalition of regional forces with training and international assistance to provide security.

But some important thing ignores consensus: Homeland Security-Officer in the corner, and the soldier at the checkpoint-must be indigenous. And I mean protracted discrimination against minorities that Christians in Alqosh or alaizidien in Sinjar would see a member of their group at checkpoints regulating the entry and exit of their towns. Alice is likely to be a guarantee of the future, if people saw that persons of whom can participate in State administrative and security institutions?

That is why we need to have sufficient capacity and emphasizing police training abroad, such as Italy and Denmark, to work on the training of local police forces and act as observers, then the reconstruction process can begin in earnest.

And when that happens, Western businessmen are the best hope to help returnees to make reconstruction a success. Because without bringing life to the economy was prosperous and suffers from ruin now, these communities can never flourish again. so Governments should do all they can to facilitate private sector transactions that will build the economy from the ground up.

Rather than engage the Governments macroeconomic policies that define the general framework of the economy, Governments should identify the origins of microeconomics, including human capacity and capital goods, which can be used by investors and entrepreneurs in productive economy.

For example, there is no government entity is surveying the displaced families to see what I have their functional skills.

And spend a million dinars to the surveys ask people displaced from dimogharavithm, about their past, but there is no information on their skills, which can help an investor in its future work, the foreign aid compound – composed of Governments and NGOs-is suffering from a kind of visualization that focuses only on spare people suffering, not on what their suffering.

And that’s why it’s not useful in business but if they understood the real needs of the oppressed, if you really listen to them, they realize that getting a job is part of restoring their dignity.

If the Government has to count and check the micro-economic assets, the number of teachers and engineers in camps to prepare olives and apples that have not invested because of the genocide, investors can intervene to bridge the gaps, using those assets to create real value and, therefore, make these oppressed communities within sustainable development process again.

This is why the goal is to create communication between businessmen in North America and Europe with business people in northern Iraq.

And use their skills to help Iraqis create supermarkets to sell their products, and the transfer of technology to improve their competitiveness, and training men and guide them and provide them with the experience of foreign businessmen when all that foreign businessmen would realize that their bet was spot on and invest their money making projects grow and provide jobs for their neighbors. There is nothing you can do will help them at the moment.

“Washington Times”

Read more: http://www.dinarupdates.com/showthread.php?48129-Opportunities-for-advancement-of-the-economy-in-Iraq-after-the-defeat-of-ISIS

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Parliament held a meeting Wednesday with the heads of the blocks and parliamentary committees.

An informed source said, to/news/balances, “the House of representatives were held today, a meeting with the heads of political blocs and the parliamentary committees.

The source added that “the meeting comes to discuss outstanding laws.”

Read more: http://www.dinarupdates.com/showthread.php?48130-Parliament-held-a-meeting-with-the-heads-of-parliamentary-committees-and-blocks

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Follow us on twitter @DinarUpdates !!

follow Dinar Updates on twitterDinar Updates – “NEWS TIME” w/MadDScout & Facebook Crew – April 13th  6:30pm CST – In the DU CHAT Room!!

www.DinarUpdates.com – save as favorite

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Kuwait stresses the importance of developing trade with Iraq to enhance the common economy

The Minister of State for Youth Affairs Khalid Al-Roudhan on Wednesday stressed the need to develop bilateral trade with Iraq to boost the economies of both countries, especially in view of the low oil prices.

Al-Roudhan said in a press statement during a meeting with the Minister of Planning and Trade Minister Salman Al-Jumaili that “the development of intra-Arab trade strengthens Arab economic integration, making it an economic force that keeps pace with global economic blocs.”

“The meeting discussed several key issues related to strengthening the trade side between the two countries as well as discussing the best possible solutions to further develop bilateral economic relations,” he said.

“The meeting touched on the importance of finding effective steps in the coming days to promote intra-Arab trade, especially as Kuwait’s economic plan aims to transform the country into a financial and commercial center,” he said.
He noted “the importance of identifying investment opportunities in both countries.”

Read More:  http://www.dinarupdates.com/showthread.php?48143-Kuwait-stresses-the-importance-of-developing-trade-with-Iraq-to-enhance-the-common-ec

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A Dinar Updates “FaceBook Live”!!
“LIVE Q&A with BGG”
From – Apr 7th
In the DU FaceBook Group!!

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

____________________________________________________________

World Trade Organization expects global trade to grow by 2.4% in 2017

Trend Press / Continue The World Trade Organization (WTO) said on Wednesday that global trade is growing at 2.4 percent this year, but there is “deep uncertainty” over economic and political developments, especially in the United States.

“This year’s growth range was revised to between 1.8 and 3.6 percent from 1.8 percent and 3.1 percent last September,” the organization said in a statement. “Concerns over the bottleneck of trade activities are unclear because of government policy uncertainty.”

“We should look at trade as part of the solution to economic difficulties, not as part of the problem,” said Roberto Azivido, FAO Director-General.

“There is generally cautious optimism, but trade growth remains fragile, there is a risk of a significant decline and a great deal of political uncertainty,” he told a press conference, calling on the world to “continue to resist the creation of new barriers to trade.”

The WTO has revised its initial estimates repeatedly over the past five years on expectations of an economic recovery that has proved to be optimistic.

World trade grew at an “average slow” rate of 1.3 percent in 2016, the lowest pace since the financial crisis, unable even to match the September revised WTO forecast of 1.7 percent.

In 2018, global trade is expected to grow between 2.1 and 4 percent, according to the latest World Trade Organization analysis.

Read more: http://www.dinarupdates.com/showthread.php?48140-World-Trade-Organization-expects-global-trade-to-grow-by-2-4-in-2017

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Enjoy yourself today, you will never be this young again. – Will Spencer

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BGG (Dinar Guru) – –   The BIGGEST article of the day…  “Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars”  (the title is a little weak for the content of the article)…the title should have read RV- RV- RV!!  Quote:  “Most of the Iraqi Central Bank steps are subject to political and legal environment of the country, especially in regard to the deletion of zeros…”   …this is what you are after – EXACTLY. PERIOD.   it’s isn’t a removing of the 000 from the notes…it isn’t a changing of the DECIMAL POINT…it isn’t a change in the nominal value…IT’S A CHANGING OF THE REAL VALUE and A BRINGING IN OF THE BIG NOTES… “…deleting the big 000 notes from the market place”  = RV.   [post 1 of 2….stay tuned]

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

BGG (Dinar Guru) –  …they have no intent on bringing out any bigger note classes – THEY DON’T NEED IT… value is going the other way…nowhere in there does it mention Article 140 – HCL – or anything else… nor does it bother to mention any laws needing passed… just a few changes. (aka – AMENDMENTS)  [Also key phrase is “where it should be FOLLOWED by” Meaning the laws should be changed AFTER.]  BINGO!  money first – laws AFTER!  why? They need to get this done now! This is about as much heads up as they are willing to give anyone…if they change the laws ahead of time – EVERYONE WILL KNOW.    BIGGEST PIECE YET…here it comes…  “On the other hand, the technical preparations are underway by us.”  Meaning – on the other side of everything he’s said so far… they are and have been already making technical preparations (by the CBI).  Pretty plain – if you ask me…pretty huge news...   [post 2 of 2]

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

!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!!)

MadDScout (Dinar Guru) –  [What’s left before NEEDED to be taken off programmed rate?]  Answer: That is what we are watching for. But from CBI (Alak’s) view, they are looking for stability…social, political, economic, security, take your pick as to how much of each of those goes into the criterion they are looking toward.

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

Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars

Most of the Iraqi Central Bank steps are subject to political and legal environment of the country , especially in regard to the deletion of zeros that counted specialists in the earlier trend sensitive and dangerous may still be , but the central remains the most important institution in terms of the need to adjust the financial management in light of the financial crisis experienced by the the Iraqi economy, which must have to deal with dilemmas , whether with regard to the citizen or the work of the central bank itself.

Questions concerning important files posed (range) in this meeting , the director of the release and the Treasury in the Central Bank Aa’bas behind, and with being answered by briefly he pointed out the most important points that showed that the currency is good for circulation deposited Central has exceeded one billion and a quarter of a million dinars an amount that is not a little if they were compensated by the stored banknotes at the bank , as some believe, at the time between the printed currency size has exceeded the “11 billion and 600 million dinars, he urged citizens on the need not to keep large amounts in homes or buried in the ground , the fact that the process of replacing in the event expose Dt to burn or damage costs the central administrative and financial burdens, stressing that the counterfeit currency rate is still within the internationally accepted borders, with the central quest to carry out an information campaign to educate the public on how to distinguish between the original currency and Almzorh.oicol behind on a question about the possibility of having higher versions of a class (50000 ) dinars?

– No at present intention to issue a higher class category (50000) dinars.

* What about the subject of the deletion of zeros and the reason for the delay?

– the decision on the deletion of zeros cannot be taken in isolation from the political and legal environment in the country under conditions the security situation as a result of terrorist acts and exit from the provinces outside the control of the state for the years 2014, 2015, 2016 which prevents certainly to wait in the implementation of this project, in addition to that this must be done in coordination with all state departments and the private sector, where it should be followed by changing the paragraphs contained in the various laws, which include a reference to fines or lump – sum collection of fees, must also change the financial and statistical records in order to conform with the project process the deletion of zeros. On the other hand, the technical preparations are underway by us.

* How is the cost of the annual replacement and replacement of damaged currency?

– First , there is no substitution instead of a damaged annually, as the bank instead seeks to issue new papers for security specifications developed, so the cost is reduced in this way it is the cost of issuing new banknotes specifications better used at the same time damaged to the replacement of currency from the previous editions .

We seek to carry out an information campaign to distinguish between original and counterfeit currency

* How discovered the counterfeit currency of the size?

– The Central Bank of Iraq resorted to the use of machines to sophisticated counting and sorting which can detect counterfeit currency, in addition to banks guide using modern techniques in the currency examination, but the problem is not doing shopkeepers enough efforts to use the machines to check the currency, as the bank seeks to campaign media to sensitize the public on how to distinguish between the original currency and counterfeit currency by issuing a booklet definitions and (posters) for this purpose and will be distributed to banks in major shopping malls, and in all cases, the counterfeit currency rate is still within the internationally accepted borders , where even T ratio (0.000025) (Twenty – five million paper sheet).

* What currency damaged by fire or poor storage of citizens compensation mechanisms?

– While we hope the citizens do not keep large amounts in homes or buried in the ground, and to do instead in the deposit with the banks, as the replacement of the burnt currency process or damaged it costs the central bank financial burdens and administrative Colva unwarranted, however the bank is to receive citizens whose savings in Iraqi currency to fire accidents provided that they are documented by the civil Defense Department and be sourced from the project, either in terms of currency (buried) are sufficiency statement on the sources of these funds, and in this regard we call on citizens not to accept the mediation of any hand to Astb The Iraqi currency and that this bank does not receive any commission for its replacement.

We applied security methods with modern technology advanced counting and sorting currency

* What future plans for the central bank currency and print?

– Iraqi Central Bank seeks to keep pace with the evolution of printing currency and modern technologies both in currency printing or counting devices and sorting the currency where they are constantly adding new security features in addition to the acquisition of advanced machines counting and sorting currency, was dispensed with final counting and manual screening process.

* How much is the size of the torn currency and how much of the size of the printed currency?

– The number of banknotes unfit for circulation deposited with this bank (1,277,049,543) cash paper of various categories, where they are compensated from the stored banknotes have this bank, as the number of printed banknotes (11,615,265,154) cash paper of various categories.

Read more:  http://www.dinarupdates.com/showthread.php?48060-Dir-of-the-Issuance-Dept-of-the-Central-Bank-(range)-Printed-currency-11-Billion&p=171964#post171964

Iraqi Dinar/Dollar auction 04-12-17 (most recent listing)

Currency Auctions Announcement No. 3421

This daily currency auction was held in the Central Bank of Iraq on the 04-11-2017

The results were as follows:

DETAILS NOTES
Number of banks 37
Number of remittance companies 11
Auction price selling dinar / US$ —–
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 159,643,728
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 159,643,728
Total offers for selling (US$) —–

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

Regarding the D.U.C.E. List e-mails – 

If you are not receiving D.U.C.E. messages, it’s possible the receiving mail server is blocking or filtering the message before it’s delivered to your inbox. One solution is to whitelist our domain and IP ranges so that the server will allow messages through the block.

Below is our whitelisting information. You’ll want to provide this information to your IT or website administrator and they can add it to the mail server so that future messages are delivered to your inbox… or add this info to your e-mail profile.

DinarUpdates.com Domains:
From domain – mail.vresp.com
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DinarUpdates.com IP ranges:
74.116.89.0/24
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63.251.246.0/24

____________________________________________________________

The following .PDF is the review by RCookie of the IMF board’s publishing of Iraq’s SBA (excellent info) – He would have wanted you all to have it.. posting the whole .PDF was the only way to get it on here. Enjoy. BGG

Robert Cook  CSW  CSS  CBP  CST  CTC

Iraq:

IMF EXECUTIVE BOARD COMPLETES FIRST REVIEW IRAQ’S STAND-BY ARRANGEMENT (45 pages…)

CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1256.934 1256.306
British pound GBP 1471.238 1470.503
Canadian dollar CAD 888.689 888.244
Swiss franc CHF 1175.770 1175.182
Swedish krona SEK 130.243 130.178
Norwegian krone NOK 137.755 137.686
Danish krone DKK 169.005 168.921
Japanese yen JPY 10.686 10.681
Special
Drawing Rights
SDR 1603.870 1603.068

Indicative rates – 04.12.2017

http://www.cbi.iq

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

Thanks – BGG!!

www.DinarUpdates.com

Posted in Daily Dinar Updates | Tagged , , , , , , , , , , , , , , , , , , , , | Comments Off on Dinar Daily NEWS Blog – April 12th

Dinar Daily NEWS Blog – April 11th

Head of the IMF mission’s (term) interest peg to the dollar rather than a large reduction of the Iraqi economy

Baghdad / Zahraa Al-Jassem Being talked at length between the economic circles, whether legislative or specialized for what the International Monetary Fund for Iraq loans and its usefulness out of the current financial crisis in the aftermath of the decline in global oil prices, Sometimes some people talk about being open field ahead of us to get the facilities and loans and support for international financial organizations and countries major, in accordance with the international financial umbrella obtained by Iraq , up nearly 20 billion dollars, with what he sees others that borrow from the fund is very important for Iraq but also strengthens its position externally in terms of financial transactions, and sometimes others were skeptical of this argument, pointing out that, loans would not But the burden of borrowed state financial obligations and Tkplha debts for many years, with the facts that can not be overlooked after the repercussions of the occupation of Daesh for a number of Iraqi cities , and his successor from the huge numbers of displaced people and the destruction of the infrastructure of those areas, requiring reconstruction after liberation, not to mention the costs of these the war that no one can yet appreciated.

Meetings and dialogues in- depth continued over the past two years and the current, to complete Iraq for the IMF loan of $ 5.3 billion, an annual interest rate low of one and a half percent, accompanied by requests, policies and procedures recommended by the Fund, concerning its credit readiness with Iraq, including additional cuts expenditures and the fight against corruption, and activating the economic sectors and financial reform, which according to officials, in the interests of the Iraqi economy, to remain the most important opinion of the international Monetary Fund in this regard, as head of the IMF mission in Iraq , Christian coconut answer, some questions x The interview (range), via e – mail.

* What is the future readiness credit program with the International Monetary Fund, if exposed oil prices to a significant improvement eliminates the deficit?

– Under the current outlook for oil prices, we believe that it should follow the approach of the financial correction that combines ambition and viability, in order to bridge the gap with the end of this decade (2020). If oil prices rose largely no longer with the need for international financial support from the IMF and other donors fund, leaving the decision of the Iraqi government regarding the continued implementation of the standby credit agreement with the Fund.
* Do you put the fund into account, in his program how Iraq will be able to pay its debts accumulated and borrowing for reconstruction if oil prices continue at current rates?

– Yes, if the Iraqi government implemented a fiscal adjustment program provided for by the standby credit agreement, it would be able to repay its debts.

* What are the means available to Iraq to establish an economic partnership with the world to run the economy and raise growth and development in which rates and reduce the actual levels of unemployment to decimal one not 40% instead of 24%?

– The Iraqi government should implement the following growth strategy: first, to maintain macroeconomic stability by freezing public spending in nominal terms for a period of two years, plugged up the fiscal deficit gradually and maintain the linking of the Iraqi dinar in US dollars. Second, create fiscal space by increasing non – oil revenues and the reduction of current expenditures, that this space is used to promote human capital and re – physical capital in Iraq. Third, improve the business climate, which leads, while reducing the role of the state in the economy in the context of the current fiscal adjustment, to increase incentives for private sector development, especially with the start of reconstruction work. Finally, reform and restructuring in the financial sector will, to strengthen its capacity to support the private sector in the medium term during the reconstruction.

* Everyone thinks that the economy is in a contraction or a severe recession and the price of nominal dinar exchange rate is not realistic and exceeds the value, compared to the current account deficit of the balance of payments., But it is time to reduce the value of the dinar and the exchange rate against the dollar and bear little thing of inflation in order to rationalize the overall total spending of the state ? What is your guidance in this regard?

– The central bank still maintains a comfortable level of foreign exchange reserves, we believe that it is appropriate to maintain the linking of the Iraqi dinar in US dollars. It will not achieve the devaluation of great benefit to the economy and would cause a sharp increase in inflation.

* Iraq ‘s recent decline in cash reserves at the Central Bank to the extent of 49 billion, how do you view this decline, do you have any recommendations to the Iraqi side about it?

– The central bank still retains a comfortable level of total foreign exchange reserves. As is the case in all oil – exporting countries, can not avoid the decline in these reserves when oil prices fall. We recommend the implementation of the agreed financial control under the standby credit agreement to keep this fall within the limits compatible with the linking of the Iraqi dinar in US dollars.

* What is your guidance for Iraq on reconstruction in the liberated areas of the process, and what is your opinion by asking US President Donald Trump, contributing to the reconstruction of those areas in exchange for Iraqi oil?

– We recommend first, to assess reconstruction needs with the help of the World Bank and then raise the necessary resources to implement them, including Iraq ‘s oil resources and international financial support. Iraq can assume its debts to conduct the agreed fiscal adjustment

* All afraid in Iraq , the size of the indebtedness of the Iraqi government , both internal and external, how do you view this issue, and what are your recommendations?

– it can carry Iraq ‘s debts if the authorities carried out the agreed financial correction with the IMF under the standby credit agreement.

The International Monetary Fund, a specialized agency of the Bretton Woods system of the United Nations, was established by an international treaty in 1945 to work on strengthening the integrity of the global economy, and is based in Washington DC, and run by its members who include all countries of the world about their number of 188 countries.

The International Monetary Fund, the central institution of the international monetary system, any system of international payments and currency exchange rates which allows commercial transactions between different countries, and aims to prevent crises in the international system by encouraging different countries to adopt sound economic policies, as members can make use of its resources, to address what they are exposed to balance of payments problems, including the legal objectives of the Fund to facilitate the expansion and balanced growth of international trade, and to stabilize exchange rates and avoid competitive devaluation of currency values, and a correction regulator Achtla S balance of payments experienced by different countries.

Read more: http://www.dinarupdates.com/showthread.php?48103-Head-of-the-IMF-mission-s-interest-peg-to-the-dollar-rather-than-a-large-reduction-of

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The three presidencies meet a delegation of US lawmakers

Baghdad / Range Prime Minister Haider al-Abadi on Monday discussed with a delegation of the US Congress the latest developments in the battle of Mosul and the victories achieved and the return of the displaced to the liberated areas.

Al-Abbadi’s office said in a statement that the latter received in his office a delegation from the US Congress headed by Rep. Rodney Frilinghassen, chairman of the Congressional Appropriations Committee. The meeting discussed the latest developments in the Mosul battle, the victories, As well as cooperation between the two countries in the fields of economy, trade, agriculture, investment and water. ”

The US delegation stressed “the continued support of the United States of America for Iraq and the unity of its territory,” noting that “Iraq is about to achieve a great prosperity despite the challenges it faces.” In another context, President Fuad Masum stressed Iraq’s keenness on its relationship with the United States, during a meeting with the same delegation.

The office of the President of the Republic, in a statement received by the (range), he “received at the Peace Palace in Baghdad on Monday a delegation from the donors committee in the US Congress.”

Masoum stressed “the importance of meeting and communication with friends in the United States, in a way that strengthens relations of friendship and cooperation between the two countries and serves the common interests in the light of the signed agreement.” “The war against terrorism is an important aspect and a cornerstone that contributes to the development and consolidation of relations between the United States and Iraq, whose sons continue to fight and eradicate and support the United States,” he said. “What is important now as we approach the liberation of the entire Iraqi soil from the desecration of terrorism is to work hard to remove all the educational, social, cultural and religious effects of Daash, which requires the synergy of the efforts of the world, especially the countries of the region with the Effort of Iraq “.

For his part, the American delegation expressed “its condolences and condolences to Iraq and the families of the martyrs of the war against a supporter of the heroic fighters and children and women who have taken the terrorists as human shields.” The US delegation stressed “the United States’ keenness to continue supporting the armed forces with various material, weapons and training capabilities, as well as readiness to support the efforts of the Iraqis to get rid of the effects of urging and achieving community reconciliation.”

In the same context, the Speaker of the House of Representatives Salim al-Jubouri that supporting the displaced and returning them to their liberated areas and reconstruction of these areas are the most important steps that pave the way for the stability of the post-gangs and terror.

A statement from the Jubouri office said that he met with the delegation of the US Congress headed by MP Rodney Frajlenkhaisen, in the presence of Ambassador Douglas Silliman.

“Supporting the displaced people and returning them to their areas and providing them with a stable environment are the most important steps that will pave the way for post-conflict stability and contribute to the realization of the community reconciliation project in a manner that achieves social peace and strengthens national cohesion,” he said.

Jubouri pointed out that “Iraq’s efforts to open new horizons of relations with its Arab and regional environment are important and necessary and will contribute to the activation of the economic aspect and the preservation of regional security of Iraq’s pivotal role can play an important role in the fight against terrorist organizations.”
Jubouri stressed that “the next phase requires the provision of all the requirements of international support and create an atmosphere of political stability and community, which reflects positively on the lives of citizens in the country.”

Read More: http://www.dinarupdates.com/showthread.php?48115-The-three-presidencies-meet-a-delegation-of-US-lawmakers

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Hims to {Morning}: TBI achieves the objectives of the reformist government

Baghdad / Farah Al-Khafaf In line with the directions of reforming the Iraqi economy through the development and strengthening of the productive sectors and the financial sector and banks, the Director General of the Iraqi Bank for Trade Faisal Al-Hims to continue to achieve the objectives of the government through the introduction of new tools and products to achieve financial liquidity to rotate the economy.

The Iraqi Trade Bank (TBI), the producer of “Tstahl” for the first time in Iraq, to ​​encourage citizens to deposit and savings in the correct ways followed by the world, to keep money from theft and loss in homes, as well as the entry of this money the economic cycle in the country, Achieving sustainable development in the medium and long term.

Products and support tools

“The Iraqi Trade Bank is working to strengthen competition in the banking sector and to introduce new tools and support products to this sector that will strengthen its strength in the country and give a positive image to the international community,” he said in a statement.

The Director-General of this product promised a new idea stimulated the citizen to deposit his money in the bank and the possibility of withdrawing at any time desired, especially as the objectives of the Bank is the credibility, transparency and mutual trust, indicating that this product is the beginning of the way to open new horizons with citizens to seek to be The Iraqi Bank of Trade (TBI) has the first to introduce such products, which do not contradict the requirements and instructions of the Central Bank.

Expand the trust network

Al-Homs advised his bank to offer products and instruments similar to the TISLAH (Tasahl) product, which is aimed at owners who own a commercial and non-residential property.
He pointed out that these products and services are aimed at the local beneficiary and help to expand the network of trust between the public and the bank.

He pointed to the competition of other banks in the same direction and trying to provide products and services similar to the services of (TBI), returned a positive and healthy, will be reflected on the banking sector and the Iraqi economy in general, especially as Iraq is a large country with wealth and density of large population, And the banking sector, through the development of services and providing the best to the customer.

The idea of ​​the product (Tstahl) that the citizen to deposit 500 thousand dinars to enter in three withdrawals carried out by the bank in a transparent and supervised by the Central Bank, the value of the monthly award of 10 million dinars for certificates passed by 15 days, and 40 million dinars for certificates passed by the issuance 90 days, to enter into a semi-annual draw, or the annual withdrawal of the large value of 100 million dinars for certificates passed 180 days.

Objectives of economic reforms

The Director General said that the Bank conducted a questionnaire to the extent of accepting a worthy idea before it was put on the market, and recorded positive results. However, the public turnout exceeded the results of the questionnaire and expectations, in response to the desire of the citizen to experience new banking products after the bank has strengthened public confidence in it, They want to hoard money in the houses and deposit them in the bank, and this is consistent with the objectives of the government within the framework of economic reforms.

The Iraqi Trade Bank has achieved the amount of 3 billion and a half billion dinars of the participation of about 7,000 holders of the certificate of deposit (Tstahl), according to Hymes, pointing out that the purpose of the new products to provide liquidity and investment to enter the economic cycle, thus moving the wheel of economy in the country, Filing does not bear the payment of added interest.

As for the product (opportunity), the general manager concluded that it is a loan for commercial real estate owners exclusively, the method of granting and repayment depends on the value of the income from the commercial property is similar to commercial financing, which depends on the profitability of the company, which is the source of payment, Depends on future cash flows instead of collateral, indicating that this product is awaiting the approval of the Central Bank, which is considered the main support for banks in the country.

Read more: http://www.dinarupdates.com/showthread.php?48076-Hims-to-Sabah-TBI-achieves-the-objectives-of-the-reformist-government

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Be sure you put your feet in the right place, then stand firm –  Abraham Lincoln

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BGG (Dinar Guru) – –   The BIGGEST article of the day…  “Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars”  (the title is a little weak for the content of the article)…the title should have read RV- RV- RV!!  Quote:  “Most of the Iraqi Central Bank steps are subject to political and legal environment of the country, especially in regard to the deletion of zeros…”   …this is what you are after – EXACTLY. PERIOD.   it’s isn’t a removing of the 000 from the notes…it isn’t a changing of the DECIMAL POINT…it isn’t a change in the nominal value…IT’S A CHANGING OF THE REAL VALUE and A BRINGING IN OF THE BIG NOTES… “…deleting the big 000 notes from the market place”  = RV.   [post 1 of 2….stay tuned]

Read More: http://www.dinarupdates.com/observer/
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BGG (Dinar Guru) –  …they have no intent on bringing out any bigger note classes – THEY DON’T NEED IT… value is going the other way…nowhere in there does it mention Article 140 – HCL – or anything else… nor does it bother to mention any laws needing passed… just a few changes. (aka – AMENDMENTS)  [Also key phrase is “where it should be FOLLOWED by” Meaning the laws should be changed AFTER.]  BINGO!  money first – laws AFTER!  why? They need to get this done now! This is about as much heads up as they are willing to give anyone…if they change the laws ahead of time – EVERYONE WILL KNOW.    BIGGEST PIECE YET…here it comes…  “On the other hand, the technical preparations are underway by us.”  Meaning – on the other side of everything he’s said so far… they are and have been already making technical preparations (by the CBI).  Pretty plain – if you ask me…pretty huge news...   [post 2 of 2]

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

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MadDScout (Dinar Guru) –  [What’s left before NEEDED to be taken off programmed rate?]  Answer: That is what we are watching for. But from CBI (Alak’s) view, they are looking for stability…social, political, economic, security, take your pick as to how much of each of those goes into the criterion they are looking toward.

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

Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars

Most of the Iraqi Central Bank steps are subject to political and legal environment of the country , especially in regard to the deletion of zeros that counted specialists in the earlier trend sensitive and dangerous may still be , but the central remains the most important institution in terms of the need to adjust the financial management in light of the financial crisis experienced by the the Iraqi economy, which must have to deal with dilemmas , whether with regard to the citizen or the work of the central bank itself.

Questions concerning important files posed (range) in this meeting , the director of the release and the Treasury in the Central Bank Aa’bas behind, and with being answered by briefly he pointed out the most important points that showed that the currency is good for circulation deposited Central has exceeded one billion and a quarter of a million dinars an amount that is not a little if they were compensated by the stored banknotes at the bank , as some believe, at the time between the printed currency size has exceeded the “11 billion and 600 million dinars, he urged citizens on the need not to keep large amounts in homes or buried in the ground , the fact that the process of replacing in the event expose Dt to burn or damage costs the central administrative and financial burdens, stressing that the counterfeit currency rate is still within the internationally accepted borders, with the central quest to carry out an information campaign to educate the public on how to distinguish between the original currency and Almzorh.oicol behind on a question about the possibility of having higher versions of a class (50000 ) dinars?

– No at present intention to issue a higher class category (50000) dinars.

* What about the subject of the deletion of zeros and the reason for the delay?

– the decision on the deletion of zeros cannot be taken in isolation from the political and legal environment in the country under conditions the security situation as a result of terrorist acts and exit from the provinces outside the control of the state for the years 2014, 2015, 2016 which prevents certainly to wait in the implementation of this project, in addition to that this must be done in coordination with all state departments and the private sector, where it should be followed by changing the paragraphs contained in the various laws, which include a reference to fines or lump – sum collection of fees, must also change the financial and statistical records in order to conform with the project process the deletion of zeros. On the other hand, the technical preparations are underway by us.

* How is the cost of the annual replacement and replacement of damaged currency?

– First , there is no substitution instead of a damaged annually, as the bank instead seeks to issue new papers for security specifications developed, so the cost is reduced in this way it is the cost of issuing new banknotes specifications better used at the same time damaged to the replacement of currency from the previous editions .

We seek to carry out an information campaign to distinguish between original and counterfeit currency

* How discovered the counterfeit currency of the size?

– The Central Bank of Iraq resorted to the use of machines to sophisticated counting and sorting which can detect counterfeit currency, in addition to banks guide using modern techniques in the currency examination, but the problem is not doing shopkeepers enough efforts to use the machines to check the currency, as the bank seeks to campaign media to sensitize the public on how to distinguish between the original currency and counterfeit currency by issuing a booklet definitions and (posters) for this purpose and will be distributed to banks in major shopping malls, and in all cases, the counterfeit currency rate is still within the internationally accepted borders , where even T ratio (0.000025) (Twenty – five million paper sheet).

* What currency damaged by fire or poor storage of citizens compensation mechanisms?

– While we hope the citizens do not keep large amounts in homes or buried in the ground, and to do instead in the deposit with the banks, as the replacement of the burnt currency process or damaged it costs the central bank financial burdens and administrative Colva unwarranted, however the bank is to receive citizens whose savings in Iraqi currency to fire accidents provided that they are documented by the civil Defense Department and be sourced from the project, either in terms of currency (buried) are sufficiency statement on the sources of these funds, and in this regard we call on citizens not to accept the mediation of any hand to Astb The Iraqi currency and that this bank does not receive any commission for its replacement.

We applied security methods with modern technology advanced counting and sorting currency

* What future plans for the central bank currency and print?

– Iraqi Central Bank seeks to keep pace with the evolution of printing currency and modern technologies both in currency printing or counting devices and sorting the currency where they are constantly adding new security features in addition to the acquisition of advanced machines counting and sorting currency, was dispensed with final counting and manual screening process.

* How much is the size of the torn currency and how much of the size of the printed currency?

– The number of banknotes unfit for circulation deposited with this bank (1,277,049,543) cash paper of various categories, where they are compensated from the stored banknotes have this bank, as the number of printed banknotes (11,615,265,154) cash paper of various categories.

Read more:  http://www.dinarupdates.com/showthread.php?48060-Dir-of-the-Issuance-Dept-of-the-Central-Bank-(range)-Printed-currency-11-Billion&p=171964#post171964

Iraqi Dinar/Dollar auction 04-11-17 (most recent listing)

Currency Auctions Announcement No. 3420

This daily currency auction was held in the Central Bank of Iraq on the 04-11-2017

The results were as follows:

DETAILS NOTES
Number of banks 34
Number of remittance companies 11
Auction price selling dinar / US$ —–
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 160,323,302
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 160,323,952
Total offers for selling (US$) —–

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

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The following .PDF is the review by RCookie of the IMF board’s publishing of Iraq’s SBA (excellent info) – He would have wanted you all to have it.. posting the whole .PDF was the only way to get it on here. Enjoy. BGG

Robert Cook  CSW  CSS  CBP  CST  CTC

Iraq:

IMF EXECUTIVE BOARD COMPLETES FIRST REVIEW IRAQ’S STAND-BY ARRANGEMENT (45 pages…)

CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1252.435 1251.809
British pound GBP 1468.870 1468.136
Canadian dollar CAD 886.958 886.514
Swiss franc CHF 1172.509 1171.923
Swedish krona SEK 130.444 130.379
Norwegian krone NOK 136.964 136.896
Danish krone DKK 168.421 168.337
Japanese yen JPY 10.626 10.621
Special
Drawing Rights
SDR 1601.372 1600.571

Indicative rates – 04.12.2017

http://www.cbi.iq

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Dinar Daily NEWS Blog – April 10th

Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars

Most of the Iraqi Central Bank steps are subject to political and legal environment of the country , especially in regard to the deletion of zeros that counted specialists in the earlier trend sensitive and dangerous may still be , but the central remains the most important institution in terms of the need to adjust the financial management in light of the financial crisis experienced by the the Iraqi economy, which must have to deal with dilemmas , whether with regard to the citizen or the work of the central bank itself.

Questions concerning important files posed (range) in this meeting , the director of the release and the Treasury in the Central Bank Aa’bas behind, and with being answered by briefly he pointed out the most important points that showed that the currency is good for circulation deposited Central has exceeded one billion and a quarter of a million dinars an amount that is not a little if they were compensated by the stored banknotes at the bank , as some believe, at the time between the printed currency size has exceeded the “11 billion and 600 million dinars, he urged citizens on the need not to keep large amounts in homes or buried in the ground , the fact that the process of replacing in the event expose Dt to burn or damage costs the central administrative and financial burdens, stressing that the counterfeit currency rate is still within the internationally accepted borders, with the central quest to carry out an information campaign to educate the public on how to distinguish between the original currency and Almzorh.oicol behind on a question about the possibility of having higher versions of a class (50000 ) dinars?

– No at present intention to issue a higher class category (50000) dinars.

* What about the subject of the deletion of zeros and the reason for the delay?

– the decision on the deletion of zeros cannot be taken in isolation from the political and legal environment in the country under conditions the security situation as a result of terrorist acts and exit from the provinces outside the control of the state for the years 2014, 2015, 2016 which prevents certainly to wait in the implementation of this project, in addition to that this must be done in coordination with all state departments and the private sector, where it should be followed by changing the paragraphs contained in the various laws, which include a reference to fines or lump – sum collection of fees, must also change the financial and statistical records in order to conform with the project process the deletion of zeros. On the other hand, the technical preparations are underway by us.

* How is the cost of the annual replacement and replacement of damaged currency?

– First , there is no substitution instead of a damaged annually, as the bank instead seeks to issue new papers for security specifications developed, so the cost is reduced in this way it is the cost of issuing new banknotes specifications better used at the same time damaged to the replacement of currency from the previous editions .

We seek to carry out an information campaign to distinguish between original and counterfeit currency

* How discovered the counterfeit currency of the size?

– The Central Bank of Iraq resorted to the use of machines to sophisticated counting and sorting which can detect counterfeit currency, in addition to banks guide using modern techniques in the currency examination, but the problem is not doing shopkeepers enough efforts to use the machines to check the currency, as the bank seeks to campaign media to sensitize the public on how to distinguish between the original currency and counterfeit currency by issuing a booklet definitions and (posters) for this purpose and will be distributed to banks in major shopping malls, and in all cases, the counterfeit currency rate is still within the internationally accepted borders , where even T ratio (0.000025) (Twenty – five million paper sheet).

* What currency damaged by fire or poor storage of citizens compensation mechanisms?

– While we hope the citizens do not keep large amounts in homes or buried in the ground, and to do instead in the deposit with the banks, as the replacement of the burnt currency process or damaged it costs the central bank financial burdens and administrative Colva unwarranted, however the bank is to receive citizens whose savings in Iraqi currency to fire accidents provided that they are documented by the civil Defense Department and be sourced from the project, either in terms of currency (buried) are sufficiency statement on the sources of these funds, and in this regard we call on citizens not to accept the mediation of any hand to Astb The Iraqi currency and that this bank does not receive any commission for its replacement.

We applied security methods with modern technology advanced counting and sorting currency

* What future plans for the central bank currency and print?

– Iraqi Central Bank seeks to keep pace with the evolution of printing currency and modern technologies both in currency printing or counting devices and sorting the currency where they are constantly adding new security features in addition to the acquisition of advanced machines counting and sorting currency, was dispensed with final counting and manual screening process.

* How much is the size of the torn currency and how much of the size of the printed currency?

– The number of banknotes unfit for circulation deposited with this bank (1,277,049,543) cash paper of various categories, where they are compensated from the stored banknotes have this bank, as the number of printed banknotes (11,615,265,154) cash paper of various categories.

Read More: http://www.dinarupdates.com/showthread.php?48060-Dir-of-the-Issuance-Dept-of-the-Central-Bank-(range)-Printed-currency-11-Billion&p=171964#post171964
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 Read more: http://www.dinarupdates.com/showthread.php?48084-Once-again-Congressional-delegation-meets-balgbori-in-the-presence-of-us-Ambassador

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The Egyptian Government agrees to buy Iraqi crude

Tarek, Egyptian oil Minister, said the Government agreed to buy Iraqi oil, 1 million barrels in the month by 12 million barrels per year.

He said, during a press conference at the headquarters of the Council of Ministers, that this is the first contract between Egypt and Iraq to buy raw, especially good species Basra ore he will sign the final agreement in the next few days. To be signed between the Egyptian oil Ministry and Iraqi counterparts.

It was supposed that the agreement enters into force early this year, but the mysterious reasons prevented that.

Egypt and Iraq signed the agreement in 2016, subject to discussion again while visiting Egyptian oil Minister, Tariq, to Baghdad at the end of last October.

Egypt believes that the agreement if activated, in the interest of the two countries, because it will cover the needs of the Iraqi side of the petroleum products, especially as Egypt has a high potential for refining the ore Basra, in addition to providing raw you want to Cairo.

Read More: http://www.dinarupdates.com/showthread.php?48090-The-Egyptian-Government-agrees-to-buy-Iraqi-crude

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A Dinar Updates “FaceBook Live”!!
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From – Apr 7th
In the DU FaceBook Group!!

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Hims to {Morning}: TBI achieves the objectives of the reformist government

Baghdad / Farah Al-Khafaf In line with the directions of reforming the Iraqi economy through the development and strengthening of the productive sectors and the financial sector and banks, the Director General of the Iraqi Bank for Trade Faisal Al-Hims to continue to achieve the objectives of the government through the introduction of new tools and products to achieve financial liquidity to rotate the economy.

The Iraqi Trade Bank (TBI), the producer of “Tstahl” for the first time in Iraq, to ​​encourage citizens to deposit and savings in the correct ways followed by the world, to keep money from theft and loss in homes, as well as the entry of this money the economic cycle in the country, Achieving sustainable development in the medium and long term.

Products and support tools

“The Iraqi Trade Bank is working to strengthen competition in the banking sector and to introduce new tools and support products to this sector that will strengthen its strength in the country and give a positive image to the international community,” he said in a statement.

The Director-General of this product promised a new idea stimulated the citizen to deposit his money in the bank and the possibility of withdrawing at any time desired, especially as the objectives of the Bank is the credibility, transparency and mutual trust, indicating that this product is the beginning of the way to open new horizons with citizens to seek to be The Iraqi Bank of Trade (TBI) has the first to introduce such products, which do not contradict the requirements and instructions of the Central Bank.

Expand the trust network

Al-Homs advised his bank to offer products and instruments similar to the TISLAH (Tasahl) product, which is aimed at owners who own a commercial and non-residential property.
He pointed out that these products and services are aimed at the local beneficiary and help to expand the network of trust between the public and the bank.

He pointed to the competition of other banks in the same direction and trying to provide products and services similar to the services of (TBI), returned a positive and healthy, will be reflected on the banking sector and the Iraqi economy in general, especially as Iraq is a large country with wealth and density of large population, And the banking sector, through the development of services and providing the best to the customer.

The idea of ​​the product (Tstahl) that the citizen to deposit 500 thousand dinars to enter in three withdrawals carried out by the bank in a transparent and supervised by the Central Bank, the value of the monthly award of 10 million dinars for certificates passed by 15 days, and 40 million dinars for certificates passed by the issuance 90 days, to enter into a semi-annual draw, or the annual withdrawal of the large value of 100 million dinars for certificates passed 180 days.

Objectives of economic reforms

The Director General said that the Bank conducted a questionnaire to the extent of accepting a worthy idea before it was put on the market, and recorded positive results. However, the public turnout exceeded the results of the questionnaire and expectations, in response to the desire of the citizen to experience new banking products after the bank has strengthened public confidence in it, They want to hoard money in the houses and deposit them in the bank, and this is consistent with the objectives of the government within the framework of economic reforms.

The Iraqi Trade Bank has achieved the amount of 3 billion and a half billion dinars of the participation of about 7,000 holders of the certificate of deposit (Tstahl), according to Hymes, pointing out that the purpose of the new products to provide liquidity and investment to enter the economic cycle, thus moving the wheel of economy in the country, Filing does not bear the payment of added interest.

As for the product (opportunity), the general manager concluded that it is a loan for commercial real estate owners exclusively, the method of granting and repayment depends on the value of the income from the commercial property is similar to commercial financing, which depends on the profitability of the company, which is the source of payment, Depends on future cash flows instead of collateral, indicating that this product is awaiting the approval of the Central Bank, which is considered the main support for banks in the country.

Read more: http://www.dinarupdates.com/showthread.php?48076-Hims-to-Sabah-TBI-achieves-the-objectives-of-the-reformist-government

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“Example is not the main thing in influencing other people; it’s the only thing.” – Abraham Lincoln

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BGG (Dinar Guru) – –   The BIGGEST article of the day…  “Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars”  (the title is a little weak for the content of the article)…the title should have read RV- RV- RV!!  Quote:  “Most of the Iraqi Central Bank steps are subject to political and legal environment of the country, especially in regard to the deletion of zeros…”   …this is what you are after – EXACTLY. PERIOD.   it’s isn’t a removing of the 000 from the notes…it isn’t a changing of the DECIMAL POINT…it isn’t a change in the nominal value…IT’S A CHANGING OF THE REAL VALUE and A BRINGING IN OF THE BIG NOTES… “…deleting the big 000 notes from the market place”  = RV.   [post 1 of 2….stay tuned]

Read More: http://www.dinarupdates.com/observer/
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BGG (Dinar Guru) –  …they have no intent on bringing out any bigger note classes – THEY DON’T NEED IT… value is going the other way…nowhere in there does it mention Article 140 – HCL – or anything else… nor does it bother to mention any laws needing passed… just a few changes. (aka – AMENDMENTS)  [Also key phrase is “where it should be FOLLOWED by” Meaning the laws should be changed AFTER.]  BINGO!  money first – laws AFTER!  why? They need to get this done now! This is about as much heads up as they are willing to give anyone…if they change the laws ahead of time – EVERYONE WILL KNOW.    BIGGEST PIECE YET…here it comes…  “On the other hand, the technical preparations are underway by us.”  Meaning – on the other side of everything he’s said so far… they are and have been already making technical preparations (by the CBI).  Pretty plain – if you ask me…pretty huge news...   [post 2 of 2]

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

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

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MadDScout (Dinar Guru) –  [What’s left before NEEDED to be taken off programmed rate?]  Answer: That is what we are watching for. But from CBI (Alak’s) view, they are looking for stability…social, political, economic, security, take your pick as to how much of each of those goes into the criterion they are looking toward.

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

Oil rises above $ 55 a barrel

Bertha News Agency  Crude oil continued to rise above $ 55 a barrel on Monday, supported by a new closure of Libya’s largest fields and heightened tension over Syria after the US missile attack.

A Libyan oil source said the spark field was closed on Sunday after it disrupted a pipeline group linking it to the oil refinery. Work resumed in the field in early April after a week-long break.

“The sudden and repeated halt in production is still a source of support for oil prices,” said Carsten Frech of Commerzbank.

London Brent crude rose 42 cents to $ 55.66 a barrel by 0840 GMT, while US crude was up 33 cents at $ 52.57 a barrel.

Oil has also risen as tensions mount in the Middle East, which pumps more than a quarter of world oil production. Crude rose last week after the United States fired rockets at an air base of the Syrian government.

The spark field was closed for a week until April 2. OPEC member Libya has pumped a tiny share of its production capacity because of conflict and unrest a year ago

Read more:  http://www.dinarupdates.com/showthread.php?48086-Oil-rises-above-55-a-barrel

Iraqi Dinar/Dollar auction 04-10-17 (most recent listing)

Currency Auctions Announcement No. 3419

This daily currency auction was held in the Central Bank of Iraq on the 04-10-2017

The results were as follows:

DETAILS NOTES
Number of banks 35
Number of remittance companies 11
Auction price selling dinar / US$ —–
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 160,039,952
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 160,039,952
Total offers for selling (US$) —–

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

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The following .PDF is the review by RCookie of the IMF board’s publishing of Iraq’s SBA (excellent info) – He would have wanted you all to have it.. posting the whole .PDF was the only way to get it on here. Enjoy. BGG

Robert Cook  CSW  CSS  CBP  CST  CTC

Iraq:

IMF EXECUTIVE BOARD COMPLETES FIRST REVIEW IRAQ’S STAND-BY ARRANGEMENT (45 pages…)

CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1258.592 1257.963
British pound GBP 1470.942 1470.207
Canadian dollar CAD 883.318 882.877
Swiss franc CHF 1177.524 1176.935
Swedish krona SEK 131.367 131.302
Norwegian krone NOK 137.427 137.358
Danish krone DKK 169.249 169.165
Japanese yen JPY 10.722 10.716
Special
Drawing Rights
SDR 1604.900 1604.098

Indicative rates – 04.10.2017

http://www.cbi.iq

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