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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 08-30-16

Currency Auctions Announcement No. 3270

This daily currency auction was held in the Central Bank of Iraq on the 08-30-2016

The results were as follows:

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

I have sworn upon the altar of God eternal hostility against every form of tyranny over the mind of man. – Thomas Jefferson

*** Current News ***

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/RCookie, Mr White & Hutch in the DU CHAT ROOM – Tuesday 8:30pm EST

www.DinarUpdates.com – save as favorite

______________________________________________________________

BGG (Dinar Guru) –    “The World Bank expressed its readiness to support the Iraqi government financial funding without conditions in order to support its reform program which was approved by the House of Representatives …”  “it’s reform program...” – already approved by the HoR?  what are they talking about?   [Looks like they know what we don’t.]   that’s exactly what it looks like…and in light of the MoP “printed plan” from 2012/2013…looks like “back to Plan A”…BTW – MoP (Iraq Ministry of Planning) “printed plan” from 2012/2013 = IQD worth 1.13 USD for approx. 3 years…

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

Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”
Tues. 8/30 “After Call” – w/RCookie,
Mr White & Hutch

from 8/25 – Smart phone user link – Click here

______________________________________________________________

BGG (Dinar Guru) –   …once they step across that “currency threshold” moving towards a “singular currency regime” – the logical solution is for the IQD to be “on par” with the USD (which they are currently using)…you do realize what I just said – RIGHT?  the IQD is widely regarded as “GROSSLY UNDERVALUED”… by noted world economists… for them to move to a “single currency” there needs to be some parity once they do so…they can’t come right out and say what it is they really mean (or convey their true intentions)… but  this is looking inevitable.   [post 2 of 2]

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

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Standard & Poor’s sustains ratings on Iraq at ‘B-/B’

(IraqiNews.com) Baghdad – Standard and Poor’s financial services company has affirmed the ratings of Iraq at ‘B-/B’ with stable outlook.

S&P stated that the stable outlook incorporates expectation that the large budget and external deficits could be financed, and the conflict with ISIS will be contained.

Standard & Poor’s also predicted Iraq’s real GDP growth to fall below 2% in 2017-2019 due to the negative effects of fiscal consolidation and weak domestic demand.

Read More: http://www.dinarupdates.com/showthread.php?39745-Standard-amp-Poor%92s-sustains-ratings-on-Iraq-at-%91B-B%92&p=160005#post160005

RCookie: THIS IS THE NEWLY FAMOUS ARTICLE 14 FROM THE 2016 IMF MEMORANDUM ON ECONOMIC & FINANCIAL POLICIES..THAT WE DISCUSSED ON MOST RECENT CALL….

“14. The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions. Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investment community that Iraq is committed to maintain an exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate. As a first step, the Council of Ministers will approve and introduce to parliament an amendment of the Investment Law, or the CBI will issue clarifying implementing regulations, to remove the limitation on transfer of investment proceeds that gives rise to an exchange restriction (SB Table 5), as recommended by a recent technical assistance mission of the IMF. As a second step, the CBI will, by the end of 2016, make the weekly limits on the purchase of cash at the weekly foreign currency auctions indicative, in the sense that any bank requiring additional cash for their clients’ legitimate travel expenses will be able to obtain the required amount above these limits on the basis of appropriate documentation. The CBI will make the public aware of such a policy by explaining it through a press conference and on its external website…”

RCookie: AMENDMENT OF INVESTMENT LAW……OR…..THE CBI WILL ISSUE CLARIFYING IMPLEMENTING REGULATIONS TO REMOVE THE LIMITATION ON TRANSFER OF INVESTMENT PROCEEDS THAT GIVES RISE TO AN EXCHANGE RESTRICTION..AS RECOMMENDED UNDER RECENT IMF TA REVIEW…
______________________________________________________________

Be sure to join the New Dinar Updates “private” FaceBook Group…

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

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

BGG (Dinar Guru) –    I cannot see how anyone is actually following the financial details of this thing and not be thoroughly EXCITED about where we are (finally!)…One point that gets missed alot – they have signed deals and agreed to remove and adhere to a more “international standard” regarding their internal MCPs… (…”multi-currency practices”)… THIS IS HUGE… MCPs coming to an end…this is a big point in their whole “economic reform package” – it is a complete overhaul… MCPs and currency being only one point of the program…even until recently – they are still (or have been) operating under some odd MCPs. The WB and IMF doesn’t like it…they have agreed to change – are taking direct action and have taken on breath-taking reforms daily…it’s happening before our very eyes…and my final thought is this…    [post 1 of 2….stay tuned]

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

Reports: secret negotiations conducted by the United Nations to resolve the Justice and Accountability Act

BAGHDAD – Iraq Press –  August announced a senior political source in the National Alliance that secret negotiations conducted by the United Nations with the leaders of the main political blocs to end the dispute regarding the accountability and justice law in preparation for submission to parliament for a vote.

The source added, in a statement to the newspaper (life) that “the talks under the auspices of the United Nations office in Baghdad to end the dispute in some paragraphs of the Accountability Act, which faces strong opposition from a coalition of state law and the Sadrists and the Virtue Party and the Badr Organization, who consider that the law allows for the figures in the party Baath political participation. ”

The source pointed out that “the National Alliance seeks to ensure that the non-participation of Baathists, but a coalition of Iraqi forces calls for transforming the ablation profile to justice instead of having a partisan institution oversees the work of the ablation may target certain parties to blackmail before each election held in the country.”

The source added that “the coalition is determined to not return the Baathists, even those who have not stained their hands with the blood of Iraqis or did not commit inhuman crimes, to the political arena and assume positions in the government, with powers Union believes that the return offered the greatest opportunity to achieve national reconciliation in the country.”

For his part, the Legal Committee Member of Parliament Salim Shawki told the newspaper that “disagreements exist in the draft law concerning the inclusion of Baathists retirement or their term of government positions,” stressing that “the postponement of the ongoing vote on Justice and Accountability Act is due to hold the National Alliance and the Union of Forces their positions regarding the granting of concessions to Baathists who did not commit a crime or violation against the people. ”

Read More: http://www.dinarupdates.com/forum.php

______________________________________________________________

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

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

DU NEWS RECAP by RCookie

(from) THURSDAY AUGUST 25th, 2016

SECURITY

JOINT OPERATIONS CONFIRM FULLY EDITED QARRAYAH AND IRAQI FLAG RAISED OVER THE BUILDINGS…INTERNATIONAL COALITION CONDUCTS 14 SORTIES ON ISIS IN IRAQ & SYRIA…36 ISIS ELEMENTS KILLED ON IRAQI AIRWAYS RAID AND ISIS POLICE HEADQUARTERS DESTRUCTION IN MOSUL…ABADI & SYRIAN FOREIGN MINISTER MEET TO DISCUSS SECURING THE BORDER BETWEEN THE 2 COUNTRIES…ISF ANNOUNCES KILLING OF AL-BAGHDADI AIDE ABU HAMZA UZBEK…ISF JOINT COMMAND ANNOUNCE 1300 ISIS ELEMENTS HAVE BEEN KILLED IN KHALIDIYAH ISLAND SINCE BEGINNING OF OPERATION…IRAQ RECEIVES SECOND DELIVERY OF CZECH L-159 FIGHTER AIRCRAFT SINCE NOV 2015 TO BALSD AIRBASE NORTH OF BAGHDAD WITH 31 IRAQI PILOTS TRAINING FOR THE 15 TOTAL AIRCRAFT THAT WILL MAKE UP THE FLEET…

GENERAL

ABADI ASKS LEADERS OF NATIONAL ALLIANCE TO STOP IRAQI-ARAB INFLAMMATORY STATEMENTS… AWAD AL AWADI ISSUES PUBLIC APOLOGY TO JABOURI AND HOUSE FOR PERSONAL ATTACK AGAINST HIM CONCERNING AMNESTY LAW…APPROVAL OF CONSTRUCTION FOR 35,000 HOUSING UNITS IN KURDISTAN FOR DISPLACED….SALEH STATES THAT IRAQI STATE INSTITUTIONS EMPLOY 4.5 MILLION CITIZENS AND WILL BE FREEZE IN 2017 BUDGET EXCEPT FOR DOCTORS & HEALTH POSITIONS IN AREAS OF NATIONAL NEED ADDRESSED…INFORMED POLITICAL SOURCES REVEAL ZEBARI WILL REVEAL BANK SECURITY OFFICIALS OVERGROWN ACCOUNTS & CORRUPT DEALS OF MEMBERS OF GOV’T IN HIS QUESTIONING TODAY…2017 BUDGET OVERVIEW…102 TRILLION IQD ($85 BILLION USD). WITH 32 TRILLION IQD ($26.6 BILLION USD) DEFICIT 70 TRILLION TOTAL REVENUES ($58 BILLION USD) AND OIL PRICED AT $35 @ 3.6 MBPD…IRAQI DISPLACED FROM HISAKA RETURNING TO THEIR HOMES…JABOURI & ABADI DECLARE THAT QAYYARAH VICTORY IS QUALITATIVE BREAKTHROUGH FOR EXPEDITIOUS FINAL VICTORY IN MOSUL & NINEVEH…ABADI MEETS WITH GROUP OF US CONGRESSMAN DISCUSS SUPPORT FOR MOSUL LIBERATION & CARE FOR DISPLACED…ABADI STATES THAT HE DOES NOT WANT A MINISTER OF THE INTERIOR AS “IT IS NOT CONSISTENT WITH ME”…SADR WARNS THAT MALIKI WILL MOVE TO TRANSFORM THE GOVERNMENT IN IRAQ TO MILITIA RULE…

BUSINESS/FINANCE/ECONOMY

OIL AT $48.95…GOLD FALLS TO LOW OF 216,000 IQD TO THE WEIGHT…DEPUTY GOVERNOR OF CBI ALI AKBAR DIES ON OPERATING TABLE IN LONDON AS ONE OF IRAQ’S LEADING FINANCIAL & ECONOMIC ACTORS HAILS MASUM…SUPREME JUDICIAL COUNCIL ANNOUNCES FORMATION OF SPECIALIZED INVESTMENT COURTS TO RESOLVE DISPUTES & APPEALS IN ALL PROVINCES…KUWAITI COMPANY ZAIN IRAQ ANNOUNCES TAX SETTLEMENT WITH IRAQI GOVERNMENT AND UNFREEZING ASSETS AFTER MEETING BETWEEN ZEBARI AND MANAGING DIRECTOR OF THE 11.2 MILLION CUSTOMER BASE BUSINESS THAT CONTROLS 38% MARKET SHARE…REAL ESTATE BANK GEN MANAGER ANNOUNCE NEW INSTRUCTIONS FOR LOAN APPLICATIONS CREDIT PLAN… JAPANESE DELEGATION FROM TOYOTA UNDERLINES THE IMPORTANCE OF BRINGING INVESTORS INTO IRAQ IN MEETING WITH ABADI…GENERAL COMPANY FOR LAND TRANSPORT MINISTER MUHAMMADAWI ANNOUNCES SIGNING OF BIGGEST CONTRACT IN COMPANY HISTORY WITH FRENCH COMPANY LAFARGE FOR TRANSFER OF CEMENT WITH EFFORTS TO IMPROVE RELATIONSHIPS WITH INTERNATIONAL COMPANIES…TRANSPORT ANNOUNCE OPENING OF RIVER TAXI IN NAJAF PROVINCE…KIRKUK GOVERNATE AND GOVERNOR KARIM ANNOUNCES OPENING OF SECOND PHASE INDUSTRIAL CITY AT COST OF $250 MILLION UNDER THE COMPANY NAME “PEOPLE OF A UNITED KIRKUK” AND 1ST PHASE STARTED IN 2013 WITH GOV’T OFFICIALS BUSINESSMEN AND INVESTORS IN ATTENDANCE…ECONOMIST HASHIMI ASSERTS THE ESTABLISHMENT OF SOVEREIGN FUND NECESSARY TO PROVIDE FOR FUTURE OF IRAQ AND PROVIDE INVESTMENT IN FUTURE GENERATIONS USING SUCCESSFUL TEMPLATE OF KUWAIT’S ESTABLISHED IN 1953…

PARLIAMENT

JABOURI CONFIRMS COMPLETION OF SPECIAL COMMITTEE MEETING AMENDMENTS TO GENERAL AMNESTY LAW…PARLIAMENTARY HEALTH FORMS INVESTIGATIVE COMMITTEE TO LOOK INTO FIRE AT UPPER HOSPITAL….PARLIAMENT VOTES ON 4TH, 5TH & 8TH ARTICLE OF AMNESTY LAW WHICH WAS ONE OF THE CONTENTIOUS PARTS & NOW VOTING ON LAW IN FULL…JABOURI DECLARES THE MP’S VOTE ON DISMISSAL OF OBEIDI WILL BE PRIVATE SECRET BALLOT AWAY FROM HEADS OF BLOCS & OBEIDI TO INFLUENCE AND RECUSED HIMSELF FROM CHAIRING VOTE..…PARLIAMENT SESSION RESUMES AFTER HALF HOUR BREAK WITH QUORUM OF 245 DEPUTIES….JABOURI ANNOUNCE THERE WERE 15 EXCEPTIONS WITHIN GENERAL AMNESTY LAW…PARLIAMENT ANNOUNCE 253 DEPUTIES VOTED ON WITHDRAWAL CONFIDENCE OF OBEIDI IN SECRET BALLOT OBEIDI IS OUT AS MoD WITH 142 VOTES…ABADI STATES “THERE ARE INTENSIVE CONTACTS TO RESOLVE THE CABINET RESHUFFLE IN ITS ENTIRETY”…PARLIAMENT ISSUES TRAVEL BAN AGAINST OBEIDI UNTIL HE ANSWERS TO CORRUPTION CHARGES…NASSIF STATES “DEFENSE MINISTER NOT ONLY CORRUPT BUT HANDS STAINED WITH BLOOD OF THE CROWD AND THE ARMY… PARLIAMENT FINANCE COMMITTEE MP SARHAN ANNOUNCES THE GOVERNMENT (FEDERAL) BANKING LAW IS ON THE TABLE OF PARLIAMENT READY FOR VOTE…PARLIAMENT RAISING SESSION SATURDAY AFTER COMPLETION OF ZEBARI QUESTIONING…PARLIAMENT FINANCE COMMITTEE MP TAMIMI REQUEST THAT ABADI DEKONSTRATE BUDGET EXPENDITURES & DISBURSEMENTS FOR 2015 & 2016 BUDGETS BEFORE APPROVAL OF 2017 BUDGET LAW DRAFT…ISLAMIC SUPREME COUNCIL ASSERTS IRAQ HAS MORE THAN 250,000 PARCELS OF LAND AND REAL ESTATE THAT WILL STIMULATE THE NATIONAL ECONOMY…
______________________________________________________________

Indicative rates – 08.30.2016

http://www.cbi.iq/

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

www.DinarUpdates.com

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 08-29-16

Currency Auctions Announcement No. 3269

This daily currency auction was held in the Central Bank of Iraq on the 08-29-2016

The results were as follows:

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

God grants liberty only to those who love it, and are always ready to guard and defend it. – Daniel Webster

*** Current News ***

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/BGG and a “Special Guest” in the DU CHAT ROOM – Monday 8:30pm EST

www.DinarUpdates.com – save as favorite

______________________________________________________________

BGG (Dinar Guru) –    I cannot see how anyone is actually following the financial details of this thing and not be thoroughly EXCITED about where we are (finally!)…One point that gets missed alot – they have signed deals and agreed to remove and adhere to a more “international standard” regarding their internal MCPs… (…”multi-currency practices”)… THIS IS HUGE… MCPs coming to an end…this is a big point in their whole “economic reform package” – it is a complete overhaul… MCPs and currency being only one point of the program…even until recently – they are still (or have been) operating under some odd MCPs. The WB and IMF doesn’t like it…they have agreed to change – are taking direct action and have taken on breath-taking reforms daily…it’s happening before our very eyes…and my final thought is this…    [post 1 of 2….stay tuned]

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

Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”
Tues. 8/30 “After Call” – w/RCookie,
Mr White & Hutch

from 8/25 – Smart phone user link – Click here

______________________________________________________________

Breitling (Dinar Guru) – …Iraq has always stated they want to get down to a billion notes…the last report that I’ve seen they were at 4 billion notes.  Since then they have gotten rid of the 50 dinar note.  80 to 85% of their currency is the 25K note.  They are introducing the 50K note and the 100K note…they haven’t done it yet but if they do that is going to allow them to take a certain amount of 25k notes off the market and it’s going to reduce the note count even more.  Pushing forward there is no bad new here.  People are in panic mode cause it’s complete opposite of what they think.  If you strictly go by the numbers the dinar is a phenomenal opportunity, it hasn’t changed.  How many countries are out there saying they’re going to add value to their currency?  There’s only one.  Not only that but they created a checklist on exactly what they need to do to add value to their currency…they said eventually they were going to reduce the note count and they’ve hit every flip’n mark and people are still blind to it!    

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

______________________________________________________________

Standard & Poor’s sustains ratings on Iraq at ‘B-/B’

(IraqiNews.com) Baghdad – Standard and Poor’s financial services company has affirmed the ratings of Iraq at ‘B-/B’ with stable outlook.

S&P stated that the stable outlook incorporates expectation that the large budget and external deficits could be financed, and the conflict with ISIS will be contained.

Standard & Poor’s also predicted Iraq’s real GDP growth to fall below 2% in 2017-2019 due to the negative effects of fiscal consolidation and weak domestic demand.

Read More: http://www.dinarupdates.com/showthread.php?39745-Standard-amp-Poor%92s-sustains-ratings-on-Iraq-at-%91B-B%92&p=160005#post160005

RCookie: THIS IS THE NEWLY FAMOUS ARTICLE 14 FROM THE 2016 IMF MEMORANDUM ON ECONOMIC & FINANCIAL POLICIES..THAT WE DISCUSSED ON MOST RECENT CALL….

“14. The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions. Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investment community that Iraq is committed to maintain an exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate. As a first step, the Council of Ministers will approve and introduce to parliament an amendment of the Investment Law, or the CBI will issue clarifying implementing regulations, to remove the limitation on transfer of investment proceeds that gives rise to an exchange restriction (SB Table 5), as recommended by a recent technical assistance mission of the IMF. As a second step, the CBI will, by the end of 2016, make the weekly limits on the purchase of cash at the weekly foreign currency auctions indicative, in the sense that any bank requiring additional cash for their clients’ legitimate travel expenses will be able to obtain the required amount above these limits on the basis of appropriate documentation. The CBI will make the public aware of such a policy by explaining it through a press conference and on its external website…”

RCookie: AMENDMENT OF INVESTMENT LAW……OR…..THE CBI WILL ISSUE CLARIFYING IMPLEMENTING REGULATIONS TO REMOVE THE LIMITATION ON TRANSFER OF INVESTMENT PROCEEDS THAT GIVES RISE TO AN EXCHANGE RESTRICTION..AS RECOMMENDED UNDER RECENT IMF TA REVIEW…
______________________________________________________________

Be sure to join the New Dinar Updates “private” FaceBook Group…

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

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

rcookie (Dinar Guru) –   Article:  “Government Basra suffered projects in front of the World Bank for a loan to be implemented”   Quote:  “…for his part, the regional Director of the World Bank Farid Belhaj the projects that the World Bank has financed prejudice directly in the lives of citizens…”  THE INT’L AGENCIES ACTING AS A DIRECT LENDING AGENT TO THE PROVINCES FOR DEVELOPMENT PROJECTS…WHICH FACILITATES THE TRANSFER OF POWERS FROM THE CENTRAL TO THE PROVINCES… CUTTING OUT THE CORRUPT MIDDLEMAN…AND IN THE END ASSURING THE FUNDING OF THESE CRITICAL INFRASTRUCTURE PROJECTS GETS TO SOURCE IT WAS INTENDED FOR…GREAT NEWS FOR THEM!

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

Urgent parliament majority vote to withdraw confidence from the Secretary of Defense

[Oan- Baghdad] the voice of the House of Representatives, a majority approval to withdraw confidence from the Defense Minister Khaled al – Obeidi ..itba
According to a parliamentary source told all of Iraq [where] that “142 deputies voted in favor of the withdrawal of confidence in a secret ballot, while 102 deputies voted no, while 18 deputies abstained, and one blank paper” follows ..

Read More: http://www.dinarupdates.com/showthread.php?39684-Urgent-parliament-majority-vote-to-withdraw-confidence-from-the-Secretary-of-Defense

______________________________________________________________

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

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

DU NEWS RECAP by RCookie

(from) THURSDAY AUGUST 25th, 2016

SECURITY

JOINT OPERATIONS CONFIRM FULLY EDITED QARRAYAH AND IRAQI FLAG RAISED OVER THE BUILDINGS…INTERNATIONAL COALITION CONDUCTS 14 SORTIES ON ISIS IN IRAQ & SYRIA…36 ISIS ELEMENTS KILLED ON IRAQI AIRWAYS RAID AND ISIS POLICE HEADQUARTERS DESTRUCTION IN MOSUL…ABADI & SYRIAN FOREIGN MINISTER MEET TO DISCUSS SECURING THE BORDER BETWEEN THE 2 COUNTRIES…ISF ANNOUNCES KILLING OF AL-BAGHDADI AIDE ABU HAMZA UZBEK…ISF JOINT COMMAND ANNOUNCE 1300 ISIS ELEMENTS HAVE BEEN KILLED IN KHALIDIYAH ISLAND SINCE BEGINNING OF OPERATION…IRAQ RECEIVES SECOND DELIVERY OF CZECH L-159 FIGHTER AIRCRAFT SINCE NOV 2015 TO BALSD AIRBASE NORTH OF BAGHDAD WITH 31 IRAQI PILOTS TRAINING FOR THE 15 TOTAL AIRCRAFT THAT WILL MAKE UP THE FLEET…

GENERAL

ABADI ASKS LEADERS OF NATIONAL ALLIANCE TO STOP IRAQI-ARAB INFLAMMATORY STATEMENTS… AWAD AL AWADI ISSUES PUBLIC APOLOGY TO JABOURI AND HOUSE FOR PERSONAL ATTACK AGAINST HIM CONCERNING AMNESTY LAW…APPROVAL OF CONSTRUCTION FOR 35,000 HOUSING UNITS IN KURDISTAN FOR DISPLACED….SALEH STATES THAT IRAQI STATE INSTITUTIONS EMPLOY 4.5 MILLION CITIZENS AND WILL BE FREEZE IN 2017 BUDGET EXCEPT FOR DOCTORS & HEALTH POSITIONS IN AREAS OF NATIONAL NEED ADDRESSED…INFORMED POLITICAL SOURCES REVEAL ZEBARI WILL REVEAL BANK SECURITY OFFICIALS OVERGROWN ACCOUNTS & CORRUPT DEALS OF MEMBERS OF GOV’T IN HIS QUESTIONING TODAY…2017 BUDGET OVERVIEW…102 TRILLION IQD ($85 BILLION USD). WITH 32 TRILLION IQD ($26.6 BILLION USD) DEFICIT 70 TRILLION TOTAL REVENUES ($58 BILLION USD) AND OIL PRICED AT $35 @ 3.6 MBPD…IRAQI DISPLACED FROM HISAKA RETURNING TO THEIR HOMES…JABOURI & ABADI DECLARE THAT QAYYARAH VICTORY IS QUALITATIVE BREAKTHROUGH FOR EXPEDITIOUS FINAL VICTORY IN MOSUL & NINEVEH…ABADI MEETS WITH GROUP OF US CONGRESSMAN DISCUSS SUPPORT FOR MOSUL LIBERATION & CARE FOR DISPLACED…ABADI STATES THAT HE DOES NOT WANT A MINISTER OF THE INTERIOR AS “IT IS NOT CONSISTENT WITH ME”…SADR WARNS THAT MALIKI WILL MOVE TO TRANSFORM THE GOVERNMENT IN IRAQ TO MILITIA RULE…

BUSINESS/FINANCE/ECONOMY

OIL AT $48.95…GOLD FALLS TO LOW OF 216,000 IQD TO THE WEIGHT…DEPUTY GOVERNOR OF CBI ALI AKBAR DIES ON OPERATING TABLE IN LONDON AS ONE OF IRAQ’S LEADING FINANCIAL & ECONOMIC ACTORS HAILS MASUM…SUPREME JUDICIAL COUNCIL ANNOUNCES FORMATION OF SPECIALIZED INVESTMENT COURTS TO RESOLVE DISPUTES & APPEALS IN ALL PROVINCES…KUWAITI COMPANY ZAIN IRAQ ANNOUNCES TAX SETTLEMENT WITH IRAQI GOVERNMENT AND UNFREEZING ASSETS AFTER MEETING BETWEEN ZEBARI AND MANAGING DIRECTOR OF THE 11.2 MILLION CUSTOMER BASE BUSINESS THAT CONTROLS 38% MARKET SHARE…REAL ESTATE BANK GEN MANAGER ANNOUNCE NEW INSTRUCTIONS FOR LOAN APPLICATIONS CREDIT PLAN… JAPANESE DELEGATION FROM TOYOTA UNDERLINES THE IMPORTANCE OF BRINGING INVESTORS INTO IRAQ IN MEETING WITH ABADI…GENERAL COMPANY FOR LAND TRANSPORT MINISTER MUHAMMADAWI ANNOUNCES SIGNING OF BIGGEST CONTRACT IN COMPANY HISTORY WITH FRENCH COMPANY LAFARGE FOR TRANSFER OF CEMENT WITH EFFORTS TO IMPROVE RELATIONSHIPS WITH INTERNATIONAL COMPANIES…TRANSPORT ANNOUNCE OPENING OF RIVER TAXI IN NAJAF PROVINCE…KIRKUK GOVERNATE AND GOVERNOR KARIM ANNOUNCES OPENING OF SECOND PHASE INDUSTRIAL CITY AT COST OF $250 MILLION UNDER THE COMPANY NAME “PEOPLE OF A UNITED KIRKUK” AND 1ST PHASE STARTED IN 2013 WITH GOV’T OFFICIALS BUSINESSMEN AND INVESTORS IN ATTENDANCE…ECONOMIST HASHIMI ASSERTS THE ESTABLISHMENT OF SOVEREIGN FUND NECESSARY TO PROVIDE FOR FUTURE OF IRAQ AND PROVIDE INVESTMENT IN FUTURE GENERATIONS USING SUCCESSFUL TEMPLATE OF KUWAIT’S ESTABLISHED IN 1953…

PARLIAMENT

JABOURI CONFIRMS COMPLETION OF SPECIAL COMMITTEE MEETING AMENDMENTS TO GENERAL AMNESTY LAW…PARLIAMENTARY HEALTH FORMS INVESTIGATIVE COMMITTEE TO LOOK INTO FIRE AT UPPER HOSPITAL….PARLIAMENT VOTES ON 4TH, 5TH & 8TH ARTICLE OF AMNESTY LAW WHICH WAS ONE OF THE CONTENTIOUS PARTS & NOW VOTING ON LAW IN FULL…JABOURI DECLARES THE MP’S VOTE ON DISMISSAL OF OBEIDI WILL BE PRIVATE SECRET BALLOT AWAY FROM HEADS OF BLOCS & OBEIDI TO INFLUENCE AND RECUSED HIMSELF FROM CHAIRING VOTE..…PARLIAMENT SESSION RESUMES AFTER HALF HOUR BREAK WITH QUORUM OF 245 DEPUTIES….JABOURI ANNOUNCE THERE WERE 15 EXCEPTIONS WITHIN GENERAL AMNESTY LAW…PARLIAMENT ANNOUNCE 253 DEPUTIES VOTED ON WITHDRAWAL CONFIDENCE OF OBEIDI IN SECRET BALLOT OBEIDI IS OUT AS MoD WITH 142 VOTES…ABADI STATES “THERE ARE INTENSIVE CONTACTS TO RESOLVE THE CABINET RESHUFFLE IN ITS ENTIRETY”…PARLIAMENT ISSUES TRAVEL BAN AGAINST OBEIDI UNTIL HE ANSWERS TO CORRUPTION CHARGES…NASSIF STATES “DEFENSE MINISTER NOT ONLY CORRUPT BUT HANDS STAINED WITH BLOOD OF THE CROWD AND THE ARMY… PARLIAMENT FINANCE COMMITTEE MP SARHAN ANNOUNCES THE GOVERNMENT (FEDERAL) BANKING LAW IS ON THE TABLE OF PARLIAMENT READY FOR VOTE…PARLIAMENT RAISING SESSION SATURDAY AFTER COMPLETION OF ZEBARI QUESTIONING…PARLIAMENT FINANCE COMMITTEE MP TAMIMI REQUEST THAT ABADI DEKONSTRATE BUDGET EXPENDITURES & DISBURSEMENTS FOR 2015 & 2016 BUDGETS BEFORE APPROVAL OF 2017 BUDGET LAW DRAFT…ISLAMIC SUPREME COUNCIL ASSERTS IRAQ HAS MORE THAN 250,000 PARCELS OF LAND AND REAL ESTATE THAT WILL STIMULATE THE NATIONAL ECONOMY…
______________________________________________________________

http://www.cbi.iq/

Indicative rates – 08.29.2016

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

www.DinarUpdates.com

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 08-28-16

Currency Auctions Announcement No. 3268

This daily currency auction was held in the Central Bank of Iraq on the 08-28-2016

The results were as follows:

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

I want a government small enough to fit inside the Constitution. – Harry Browne

*** Current News ***

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/BGG and “Special Guest” in the DU CHAT ROOM – Sunday 7:30pm EST

www.DinarUpdates.com – save as favorite

______________________________________________________________

rcookie (Dinar Guru) –   Article:  “Documentation” general amnesty law passed by the Iraqi parliament today”   PUT THIS ONE IN A GOLD FRAME!   Article:  “Jubouri: Parliament pasts passage of important legislation and wait for Justice and Accountability Act”   WOW!!…SCHEDULED FOR TUESDAY 30TH…BUT THEY ARE WORKING ON VERBIAGE OF CONTENTIOUS ARTICLE WITHIN THE LAW…JUST LIKE GEN AMNESTY… THIS IS GOOD!  JUST WHAT THE IMF ORDERED…THIS IS GETTING REALLY INTERESTING!

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

Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”
Mon. 8/29 “After Call” – w/RCookie,
Mr White & Hutch

from 8/25 – Smart phone user link – Click here

______________________________________________________________

rcookie (Dinar Guru) –   Article:  “Start counting the votes to withdraw confidence from the Secretary of Defense, or lack thereof Obeidi in questioning session”   Quote:  “Parliament has been made to withdraw confidence from the Minister of Defense secret ballot.”   OBEIDI IS GONE!

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

______________________________________________________________

Standard & Poor’s sustains ratings on Iraq at ‘B-/B’

(IraqiNews.com) Baghdad – Standard and Poor’s financial services company has affirmed the ratings of Iraq at ‘B-/B’ with stable outlook.

S&P stated that the stable outlook incorporates expectation that the large budget and external deficits could be financed, and the conflict with ISIS will be contained.

Standard & Poor’s also predicted Iraq’s real GDP growth to fall below 2% in 2017-2019 due to the negative effects of fiscal consolidation and weak domestic demand.

Read More: http://www.dinarupdates.com/showthread.php?39745-Standard-amp-Poor%92s-sustains-ratings-on-Iraq-at-%91B-B%92&p=160005#post160005

RCookie: THIS IS THE NEWLY FAMOUS ARTICLE 14 FROM THE 2016 IMF MEMORANDUM ON ECONOMIC & FINANCIAL POLICIES..THAT WE DISCUSSED ON MOST RECENT CALL….

“14. The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions. Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investment community that Iraq is committed to maintain an exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate. As a first step, the Council of Ministers will approve and introduce to parliament an amendment of the Investment Law, or the CBI will issue clarifying implementing regulations, to remove the limitation on transfer of investment proceeds that gives rise to an exchange restriction (SB Table 5), as recommended by a recent technical assistance mission of the IMF. As a second step, the CBI will, by the end of 2016, make the weekly limits on the purchase of cash at the weekly foreign currency auctions indicative, in the sense that any bank requiring additional cash for their clients’ legitimate travel expenses will be able to obtain the required amount above these limits on the basis of appropriate documentation. The CBI will make the public aware of such a policy by explaining it through a press conference and on its external website…”

RCookie: AMENDMENT OF INVESTMENT LAW……OR…..THE CBI WILL ISSUE CLARIFYING IMPLEMENTING REGULATIONST REMOVE THE LIMITATION ON TRANSFER OF INVESTMENT PROCEEDS TGAT GIVES RISE TO AN EXCHANGE RESTRICTION..AS RECOMMENDED UNDER RECENT IMF TA REVIEW…
______________________________________________________________

Be sure to join the New Dinar Updates “private” FaceBook Group…

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

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

Breitling (Dinar Guru) –  Getting questions about the 100K and 50K dinar notes…are they going in the wrong direction and will this delay the RV?  No it will not.  The CBI has said they are going to reduce the note count.  They are going to introduce new notes even notes that are worth a tenth of a penny likes yours and mine, the 50K note , the 100K but eventually they are going to introduce the lower notes and these will commingle and both will gain value for about a two year period…and that is what the CBI has said…the 100K notes and the 50K notes is about reducing the note count…This is a not a threat…this is a good thing, a very good thing for us.  …Instead of four 25K notes they only need one 100K note.  That’s going to help them later on down the road…There is no reason AT ALL to introduce the 50K or 100k note if they are not going to revalue the currency and add value to it. 

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

Urgent parliament majority vote to withdraw confidence from the Secretary of Defense

[Oan- Baghdad] the voice of the House of Representatives, a majority approval to withdraw confidence from the Defense Minister Khaled al – Obeidi ..itba
According to a parliamentary source told all of Iraq [where] that “142 deputies voted in favor of the withdrawal of confidence in a secret ballot, while 102 deputies voted no, while 18 deputies abstained, and one blank paper” follows ..

Read More: http://www.dinarupdates.com/showthread.php?39684-Urgent-parliament-majority-vote-to-withdraw-confidence-from-the-Secretary-of-Defense

______________________________________________________________

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

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

DU NEWS RECAP by RCookie

(from) THURSDAY AUGUST 25th, 2016

SECURITY

JOINT OPERATIONS CONFIRM FULLY EDITED QARRAYAH AND IRAQI FLAG RAISED OVER THE BUILDINGS…INTERNATIONAL COALITION CONDUCTS 14 SORTIES ON ISIS IN IRAQ & SYRIA…36 ISIS ELEMENTS KILLED ON IRAQI AIRWAYS RAID AND ISIS POLICE HEADQUARTERS DESTRUCTION IN MOSUL…ABADI & SYRIAN FOREIGN MINISTER MEET TO DISCUSS SECURING THE BORDER BETWEEN THE 2 COUNTRIES…ISF ANNOUNCES KILLING OF AL-BAGHDADI AIDE ABU HAMZA UZBEK…ISF JOINT COMMAND ANNOUNCE 1300 ISIS ELEMENTS HAVE BEEN KILLED IN KHALIDIYAH ISLAND SINCE BEGINNING OF OPERATION…IRAQ RECEIVES SECOND DELIVERY OF CZECH L-159 FIGHTER AIRCRAFT SINCE NOV 2015 TO BALSD AIRBASE NORTH OF BAGHDAD WITH 31 IRAQI PILOTS TRAINING FOR THE 15 TOTAL AIRCRAFT THAT WILL MAKE UP THE FLEET…

GENERAL

ABADI ASKS LEADERS OF NATIONAL ALLIANCE TO STOP IRAQI-ARAB INFLAMMATORY STATEMENTS… AWAD AL AWADI ISSUES PUBLIC APOLOGY TO JABOURI AND HOUSE FOR PERSONAL ATTACK AGAINST HIM CONCERNING AMNESTY LAW…APPROVAL OF CONSTRUCTION FOR 35,000 HOUSING UNITS IN KURDISTAN FOR DISPLACED….SALEH STATES THAT IRAQI STATE INSTITUTIONS EMPLOY 4.5 MILLION CITIZENS AND WILL BE FREEZE IN 2017 BUDGET EXCEPT FOR DOCTORS & HEALTH POSITIONS IN AREAS OF NATIONAL NEED ADDRESSED…INFORMED POLITICAL SOURCES REVEAL ZEBARI WILL REVEAL BANK SECURITY OFFICIALS OVERGROWN ACCOUNTS & CORRUPT DEALS OF MEMBERS OF GOV’T IN HIS QUESTIONING TODAY…2017 BUDGET OVERVIEW…102 TRILLION IQD ($85 BILLION USD). WITH 32 TRILLION IQD ($26.6 BILLION USD) DEFICIT 70 TRILLION TOTAL REVENUES ($58 BILLION USD) AND OIL PRICED AT $35 @ 3.6 MBPD…IRAQI DISPLACED FROM HISAKA RETURNING TO THEIR HOMES…JABOURI & ABADI DECLARE THAT QAYYARAH VICTORY IS QUALITATIVE BREAKTHROUGH FOR EXPEDITIOUS FINAL VICTORY IN MOSUL & NINEVEH…ABADI MEETS WITH GROUP OF US CONGRESSMAN DISCUSS SUPPORT FOR MOSUL LIBERATION & CARE FOR DISPLACED…ABADI STATES THAT HE DOES NOT WANT A MINISTER OF THE INTERIOR AS “IT IS NOT CONSISTENT WITH ME”…SADR WARNS THAT MALIKI WILL MOVE TO TRANSFORM THE GOVERNMENT IN IRAQ TO MILITIA RULE…

BUSINESS/FINANCE/ECONOMY

OIL AT $48.95…GOLD FALLS TO LOW OF 216,000 IQD TO THE WEIGHT…DEPUTY GOVERNOR OF CBI ALI AKBAR DIES ON OPERATING TABLE IN LONDON AS ONE OF IRAQ’S LEADING FINANCIAL & ECONOMIC ACTORS HAILS MASUM…SUPREME JUDICIAL COUNCIL ANNOUNCES FORMATION OF SPECIALIZED INVESTMENT COURTS TO RESOLVE DISPUTES & APPEALS IN ALL PROVINCES…KUWAITI COMPANY ZAIN IRAQ ANNOUNCES TAX SETTLEMENT WITH IRAQI GOVERNMENT AND UNFREEZING ASSETS AFTER MEETING BETWEEN ZEBARI AND MANAGING DIRECTOR OF THE 11.2 MILLION CUSTOMER BASE BUSINESS THAT CONTROLS 38% MARKET SHARE…REAL ESTATE BANK GEN MANAGER ANNOUNCE NEW INSTRUCTIONS FOR LOAN APPLICATIONS CREDIT PLAN… JAPANESE DELEGATION FROM TOYOTA UNDERLINES THE IMPORTANCE OF BRINGING INVESTORS INTO IRAQ IN MEETING WITH ABADI…GENERAL COMPANY FOR LAND TRANSPORT MINISTER MUHAMMADAWI ANNOUNCES SIGNING OF BIGGEST CONTRACT IN COMPANY HISTORY WITH FRENCH COMPANY LAFARGE FOR TRANSFER OF CEMENT WITH EFFORTS TO IMPROVE RELATIONSHIPS WITH INTERNATIONAL COMPANIES…TRANSPORT ANNOUNCE OPENING OF RIVER TAXI IN NAJAF PROVINCE…KIRKUK GOVERNATE AND GOVERNOR KARIM ANNOUNCES OPENING OF SECOND PHASE INDUSTRIAL CITY AT COST OF $250 MILLION UNDER THE COMPANY NAME “PEOPLE OF A UNITED KIRKUK” AND 1ST PHASE STARTED IN 2013 WITH GOV’T OFFICIALS BUSINESSMEN AND INVESTORS IN ATTENDANCE…ECONOMIST HASHIMI ASSERTS THE ESTABLISHMENT OF SOVEREIGN FUND NECESSARY TO PROVIDE FOR FUTURE OF IRAQ AND PROVIDE INVESTMENT IN FUTURE GENERATIONS USING SUCCESSFUL TEMPLATE OF KUWAIT’S ESTABLISHED IN 1953…

PARLIAMENT

JABOURI CONFIRMS COMPLETION OF SPECIAL COMMITTEE MEETING AMENDMENTS TO GENERAL AMNESTY LAW…PARLIAMENTARY HEALTH FORMS INVESTIGATIVE COMMITTEE TO LOOK INTO FIRE AT UPPER HOSPITAL….PARLIAMENT VOTES ON 4TH, 5TH & 8TH ARTICLE OF AMNESTY LAW WHICH WAS ONE OF THE CONTENTIOUS PARTS & NOW VOTING ON LAW IN FULL…JABOURI DECLARES THE MP’S VOTE ON DISMISSAL OF OBEIDI WILL BE PRIVATE SECRET BALLOT AWAY FROM HEADS OF BLOCS & OBEIDI TO INFLUENCE AND RECUSED HIMSELF FROM CHAIRING VOTE..…PARLIAMENT SESSION RESUMES AFTER HALF HOUR BREAK WITH QUORUM OF 245 DEPUTIES….JABOURI ANNOUNCE THERE WERE 15 EXCEPTIONS WITHIN GENERAL AMNESTY LAW…PARLIAMENT ANNOUNCE 253 DEPUTIES VOTED ON WITHDRAWAL CONFIDENCE OF OBEIDI IN SECRET BALLOT OBEIDI IS OUT AS MoD WITH 142 VOTES…ABADI STATES “THERE ARE INTENSIVE CONTACTS TO RESOLVE THE CABINET RESHUFFLE IN ITS ENTIRETY”…PARLIAMENT ISSUES TRAVEL BAN AGAINST OBEIDI UNTIL HE ANSWERS TO CORRUPTION CHARGES…NASSIF STATES “DEFENSE MINISTER NOT ONLY CORRUPT BUT HANDS STAINED WITH BLOOD OF THE CROWD AND THE ARMY… PARLIAMENT FINANCE COMMITTEE MP SARHAN ANNOUNCES THE GOVERNMENT (FEDERAL) BANKING LAW IS ON THE TABLE OF PARLIAMENT READY FOR VOTE…PARLIAMENT RAISING SESSION SATURDAY AFTER COMPLETION OF ZEBARI QUESTIONING…PARLIAMENT FINANCE COMMITTEE MP TAMIMI REQUEST THAT ABADI DEKONSTRATE BUDGET EXPENDITURES & DISBURSEMENTS FOR 2015 & 2016 BUDGETS BEFORE APPROVAL OF 2017 BUDGET LAW DRAFT…ISLAMIC SUPREME COUNCIL ASSERTS IRAQ HAS MORE THAN 250,000 PARCELS OF LAND AND REAL ESTATE THAT WILL STIMULATE THE NATIONAL ECONOMY…
______________________________________________________________

Indicative rates – 08.28.2016

http://www.cbi.iq/

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

www.DinarUpdates.com

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 08-25-16

Currency Auctions Announcement No. 3267

This daily currency auction was held in the Central Bank of Iraq on the 08-25-2016

The results were as follows:

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

Hiring a president solely on the basis of ideology is like hiring a mechanic solely because you like the same brands of cars. – Will Spencer

*** Current News ***

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/BGG and “Special Guest” in the DU CHAT ROOM – Sunday 7:30pm EST

www.DinarUpdates.com – save as favorite

VITAL INFO JUST OUT…

IRQSBADISB2016-19

______________________________________________________________

rcookie (Dinar Guru) –   Article:  “Documentation” general amnesty law passed by the Iraqi parliament today”   PUT THIS ONE IN A GOLD FRAME!   Article:  “Jubouri: Parliament pasts passage of important legislation and wait for Justice and Accountability Act”   WOW!!…SCHEDULED FOR TUESDAY 30TH…BUT THEY ARE WORKING ON VERBIAGE OF CONTENTIOUS ARTICLE WITHIN THE LAW…JUST LIKE GEN AMNESTY… THIS IS GOOD!  JUST WHAT THE IMF ORDERED…THIS IS GETTING REALLY INTERESTING!

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

Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”
Mon. 8/29 “After Call” – w/RCookie,
Mr White & Hutch

from 8/25 – Smart phone user link – Click here

______________________________________________________________

rcookie (Dinar Guru) –   Article:  “Start counting the votes to withdraw confidence from the Secretary of Defense, or lack thereof Obeidi in questioning session”   Quote:  “Parliament has been made to withdraw confidence from the Minister of Defense secret ballot.”   OBEIDI IS GONE!

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

______________________________________________________________

Standard & Poor’s sustains ratings on Iraq at ‘B-/B’

(IraqiNews.com) Baghdad – Standard and Poor’s financial services company has affirmed the ratings of Iraq at ‘B-/B’ with stable outlook.

S&P stated that the stable outlook incorporates expectation that the large budget and external deficits could be financed, and the conflict with ISIS will be contained.

Standard & Poor’s also predicted Iraq’s real GDP growth to fall below 2% in 2017-2019 due to the negative effects of fiscal consolidation and weak domestic demand.

Read More: http://www.dinarupdates.com/showthread.php?39745-Standard-amp-Poor%92s-sustains-ratings-on-Iraq-at-%91B-B%92&p=160005#post160005

RCookie: THIS IS THE NEWLY FAMOUS ARTICLE 14 FROM THE 2016 IMF MEMORANDUM ON ECONOMIC & FINANCIAL POLICIES..THAT WE DISCUSSED ON MOST RECENT CALL….

“14. The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions. Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investment community that Iraq is committed to maintain an exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate. As a first step, the Council of Ministers will approve and introduce to parliament an amendment of the Investment Law, or the CBI will issue clarifying implementing regulations, to remove the limitation on transfer of investment proceeds that gives rise to an exchange restriction (SB Table 5), as recommended by a recent technical assistance mission of the IMF. As a second step, the CBI will, by the end of 2016, make the weekly limits on the purchase of cash at the weekly foreign currency auctions indicative, in the sense that any bank requiring additional cash for their clients’ legitimate travel expenses will be able to obtain the required amount above these limits on the basis of appropriate documentation. The CBI will make the public aware of such a policy by explaining it through a press conference and on its external website…”

RCookie: AMENDMENT OF INVESTMENT LAW……OR…..THE CBI WILL ISSUE CLARIFYING IMPLEMENTING REGULATIONST REMOVE THE LIMITATION ON TRANSFER OF INVESTMENT PROCEEDS TGAT GIVES RISE TO AN EXCHANGE RESTRICTION..AS RECOMMENDED UNDER RECENT IMF TA REVIEW…
______________________________________________________________

Be sure to join the New Dinar Updates “private” FaceBook Group…

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

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

Breitling (Dinar Guru) –  Getting questions about the 100K and 50K dinar notes…are they going in the wrong direction and will this delay the RV?  No it will not.  The CBI has said they are going to reduce the note count.  They are going to introduce new notes even notes that are worth a tenth of a penny likes yours and mine, the 50K note , the 100K but eventually they are going to introduce the lower notes and these will commingle and both will gain value for about a two year period…and that is what the CBI has said…the 100K notes and the 50K notes is about reducing the note count…This is a not a threat…this is a good thing, a very good thing for us.  …Instead of four 25K notes they only need one 100K note.  That’s going to help them later on down the road…There is no reason AT ALL to introduce the 50K or 100k note if they are not going to revalue the currency and add value to it. 

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

Urgent parliament majority vote to withdraw confidence from the Secretary of Defense

[Oan- Baghdad] the voice of the House of Representatives, a majority approval to withdraw confidence from the Defense Minister Khaled al – Obeidi ..itba
According to a parliamentary source told all of Iraq [where] that “142 deputies voted in favor of the withdrawal of confidence in a secret ballot, while 102 deputies voted no, while 18 deputies abstained, and one blank paper” follows ..

Read More: http://www.dinarupdates.com/showthread.php?39684-Urgent-parliament-majority-vote-to-withdraw-confidence-from-the-Secretary-of-Defense

______________________________________________________________

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

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

DU NEWS RECAP by RCookie

(from) THURSDAY AUGUST 25th, 2016

SECURITY

JOINT OPERATIONS CONFIRM FULLY EDITED QARRAYAH AND IRAQI FLAG RAISED OVER THE BUILDINGS…INTERNATIONAL COALITION CONDUCTS 14 SORTIES ON ISIS IN IRAQ & SYRIA…36 ISIS ELEMENTS KILLED ON IRAQI AIRWAYS RAID AND ISIS POLICE HEADQUARTERS DESTRUCTION IN MOSUL…ABADI & SYRIAN FOREIGN MINISTER MEET TO DISCUSS SECURING THE BORDER BETWEEN THE 2 COUNTRIES…ISF ANNOUNCES KILLING OF AL-BAGHDADI AIDE ABU HAMZA UZBEK…ISF JOINT COMMAND ANNOUNCE 1300 ISIS ELEMENTS HAVE BEEN KILLED IN KHALIDIYAH ISLAND SINCE BEGINNING OF OPERATION…IRAQ RECEIVES SECOND DELIVERY OF CZECH L-159 FIGHTER AIRCRAFT SINCE NOV 2015 TO BALSD AIRBASE NORTH OF BAGHDAD WITH 31 IRAQI PILOTS TRAINING FOR THE 15 TOTAL AIRCRAFT THAT WILL MAKE UP THE FLEET…

GENERAL

ABADI ASKS LEADERS OF NATIONAL ALLIANCE TO STOP IRAQI-ARAB INFLAMMATORY STATEMENTS… AWAD AL AWADI ISSUES PUBLIC APOLOGY TO JABOURI AND HOUSE FOR PERSONAL ATTACK AGAINST HIM CONCERNING AMNESTY LAW…APPROVAL OF CONSTRUCTION FOR 35,000 HOUSING UNITS IN KURDISTAN FOR DISPLACED….SALEH STATES THAT IRAQI STATE INSTITUTIONS EMPLOY 4.5 MILLION CITIZENS AND WILL BE FREEZE IN 2017 BUDGET EXCEPT FOR DOCTORS & HEALTH POSITIONS IN AREAS OF NATIONAL NEED ADDRESSED…INFORMED POLITICAL SOURCES REVEAL ZEBARI WILL REVEAL BANK SECURITY OFFICIALS OVERGROWN ACCOUNTS & CORRUPT DEALS OF MEMBERS OF GOV’T IN HIS QUESTIONING TODAY…2017 BUDGET OVERVIEW…102 TRILLION IQD ($85 BILLION USD). WITH 32 TRILLION IQD ($26.6 BILLION USD) DEFICIT 70 TRILLION TOTAL REVENUES ($58 BILLION USD) AND OIL PRICED AT $35 @ 3.6 MBPD…IRAQI DISPLACED FROM HISAKA RETURNING TO THEIR HOMES…JABOURI & ABADI DECLARE THAT QAYYARAH VICTORY IS QUALITATIVE BREAKTHROUGH FOR EXPEDITIOUS FINAL VICTORY IN MOSUL & NINEVEH…ABADI MEETS WITH GROUP OF US CONGRESSMAN DISCUSS SUPPORT FOR MOSUL LIBERATION & CARE FOR DISPLACED…ABADI STATES THAT HE DOES NOT WANT A MINISTER OF THE INTERIOR AS “IT IS NOT CONSISTENT WITH ME”…SADR WARNS THAT MALIKI WILL MOVE TO TRANSFORM THE GOVERNMENT IN IRAQ TO MILITIA RULE…

BUSINESS/FINANCE/ECONOMY

OIL AT $48.95…GOLD FALLS TO LOW OF 216,000 IQD TO THE WEIGHT…DEPUTY GOVERNOR OF CBI ALI AKBAR DIES ON OPERATING TABLE IN LONDON AS ONE OF IRAQ’S LEADING FINANCIAL & ECONOMIC ACTORS HAILS MASUM…SUPREME JUDICIAL COUNCIL ANNOUNCES FORMATION OF SPECIALIZED INVESTMENT COURTS TO RESOLVE DISPUTES & APPEALS IN ALL PROVINCES…KUWAITI COMPANY ZAIN IRAQ ANNOUNCES TAX SETTLEMENT WITH IRAQI GOVERNMENT AND UNFREEZING ASSETS AFTER MEETING BETWEEN ZEBARI AND MANAGING DIRECTOR OF THE 11.2 MILLION CUSTOMER BASE BUSINESS THAT CONTROLS 38% MARKET SHARE…REAL ESTATE BANK GEN MANAGER ANNOUNCE NEW INSTRUCTIONS FOR LOAN APPLICATIONS CREDIT PLAN… JAPANESE DELEGATION FROM TOYOTA UNDERLINES THE IMPORTANCE OF BRINGING INVESTORS INTO IRAQ IN MEETING WITH ABADI…GENERAL COMPANY FOR LAND TRANSPORT MINISTER MUHAMMADAWI ANNOUNCES SIGNING OF BIGGEST CONTRACT IN COMPANY HISTORY WITH FRENCH COMPANY LAFARGE FOR TRANSFER OF CEMENT WITH EFFORTS TO IMPROVE RELATIONSHIPS WITH INTERNATIONAL COMPANIES…TRANSPORT ANNOUNCE OPENING OF RIVER TAXI IN NAJAF PROVINCE…KIRKUK GOVERNATE AND GOVERNOR KARIM ANNOUNCES OPENING OF SECOND PHASE INDUSTRIAL CITY AT COST OF $250 MILLION UNDER THE COMPANY NAME “PEOPLE OF A UNITED KIRKUK” AND 1ST PHASE STARTED IN 2013 WITH GOV’T OFFICIALS BUSINESSMEN AND INVESTORS IN ATTENDANCE…ECONOMIST HASHIMI ASSERTS THE ESTABLISHMENT OF SOVEREIGN FUND NECESSARY TO PROVIDE FOR FUTURE OF IRAQ AND PROVIDE INVESTMENT IN FUTURE GENERATIONS USING SUCCESSFUL TEMPLATE OF KUWAIT’S ESTABLISHED IN 1953…

PARLIAMENT

JABOURI CONFIRMS COMPLETION OF SPECIAL COMMITTEE MEETING AMENDMENTS TO GENERAL AMNESTY LAW…PARLIAMENTARY HEALTH FORMS INVESTIGATIVE COMMITTEE TO LOOK INTO FIRE AT UPPER HOSPITAL….PARLIAMENT VOTES ON 4TH, 5TH & 8TH ARTICLE OF AMNESTY LAW WHICH WAS ONE OF THE CONTENTIOUS PARTS & NOW VOTING ON LAW IN FULL…JABOURI DECLARES THE MP’S VOTE ON DISMISSAL OF OBEIDI WILL BE PRIVATE SECRET BALLOT AWAY FROM HEADS OF BLOCS & OBEIDI TO INFLUENCE AND RECUSED HIMSELF FROM CHAIRING VOTE..…PARLIAMENT SESSION RESUMES AFTER HALF HOUR BREAK WITH QUORUM OF 245 DEPUTIES….JABOURI ANNOUNCE THERE WERE 15 EXCEPTIONS WITHIN GENERAL AMNESTY LAW…PARLIAMENT ANNOUNCE 253 DEPUTIES VOTED ON WITHDRAWAL CONFIDENCE OF OBEIDI IN SECRET BALLOT OBEIDI IS OUT AS MoD WITH 142 VOTES…ABADI STATES “THERE ARE INTENSIVE CONTACTS TO RESOLVE THE CABINET RESHUFFLE IN ITS ENTIRETY”…PARLIAMENT ISSUES TRAVEL BAN AGAINST OBEIDI UNTIL HE ANSWERS TO CORRUPTION CHARGES…NASSIF STATES “DEFENSE MINISTER NOT ONLY CORRUPT BUT HANDS STAINED WITH BLOOD OF THE CROWD AND THE ARMY… PARLIAMENT FINANCE COMMITTEE MP SARHAN ANNOUNCES THE GOVERNMENT (FEDERAL) BANKING LAW IS ON THE TABLE OF PARLIAMENT READY FOR VOTE…PARLIAMENT RAISING SESSION SATURDAY AFTER COMPLETION OF ZEBARI QUESTIONING…PARLIAMENT FINANCE COMMITTEE MP TAMIMI REQUEST THAT ABADI DEKONSTRATE BUDGET EXPENDITURES & DISBURSEMENTS FOR 2015 & 2016 BUDGETS BEFORE APPROVAL OF 2017 BUDGET LAW DRAFT…ISLAMIC SUPREME COUNCIL ASSERTS IRAQ HAS MORE THAN 250,000 PARCELS OF LAND AND REAL ESTATE THAT WILL STIMULATE THE NATIONAL ECONOMY…
______________________________________________________________

http://www.cbi.iq/

Indicative rates – 08.27.2016

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

www.DinarUpdates.com

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 08-25-16

Currency Auctions Announcement No. 3267

This daily currency auction was held in the Central Bank of Iraq on the 08-25-2016

The results were as follows:

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

Americans have the will to resist because you have weapons. If you don’t have a gun, freedom of speech has no power. – Yoshimi Ishikawa

*** Current News ***

VITAL INFO JUST OUT…

IRQSBADISB2016-19

Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”
Thurs. 8/25 “After Call” – w/RCookie,
Mr White & Hutch

 Smart phone user link – Click here

______________________________________________________________

Enorrste (Dinar Guru) –   Article:  “Central bank: Print category 100 000 dinars , and we are waiting for official approval lowered into the market”   The reason there is low liquidity in the markets in Iraq is because instead of using their dinars many people are holding them in their mattresses.  Thus the CBI has been forced to raise the money supply, not because it wants to but because the economy would collapse otherwise. The introduction of the 50k and 100k notes is directed to solving this liquidity problem, not by just injecting new cash into the market…so that they can draw out the 25k notes from people’s mattresses.  There is also a stated goal to have bills roughly equivalent to our $50 and $100 notes. If they are successful these new bills will draw out the 25k notes which will be destroyed…  The result will be a reduction in the money supply back to 40 trillion dinars as the article states.   This plan of introducing the larger notes has a goal of stopping the rise in the money supply…It is necessary because the people are not yet confident in using banks.   [post 1 of 3….stay tuned]

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

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite!

______________________________________________________________

Enorrste (Dinar Guru) –   Once the ball starts rolling and these 25k notes get pulled out then the value of the dinar can be allowed to rise (float).  Until they get those notes out of circulation, however, the value cannot rise and won’t.  If it did then all of the hoarders would become millionaires, which isn’t going to happen.  So it is a process, and the introduction of the large notes is a part of the process to entice the people to give up their 25k notes. The reduction in paper by 2 to 4 times (each 50k removes 2 25k notes and each 100k removes 4 25k notes) will enable the CBI to then reduce the money supply by allowing the VALUE of money to rise.  As it does rise the 100k note will become too valuable to hold in a mattress and people will put them in banks if for no other reason than for safety and security.  Once there they will move to the CBI which will destroy them.   [post 2 of 3….stay tuned]

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

______________________________________________________________

Iraqi parliament lifted “accountability and justice” of today’s meeting agenda

Twilight News / decided the presidency of the Iraqi parliament lifted paragraph accountability and justice from the agenda of today’s meeting.

Iraqi Council of Representatives held its regular Tuesday the current legislative term, which will include reading and discussing several draft laws, notably the popular crowd Law Project, and the completion of a vote on the amnesty law in addition to the issue of withdrawal of confidence from Defense Minister Khaled al-Obeidi. And it includes the agenda of the meeting, complete the vote on the draft Aalloam law, but the chairman of the parliament decided this morning, lifting a paragraph vote on the draft accountability and justice and the prohibition of the Baath Party Act.

It also includes the procedures of Article 61 of the Constitution and rules of procedure regarding the questioning of the Minister of Defense. And also due to the parliament to vote on the proposed abolition of the dissolved Revolutionary Command Council Resolution Act (80) for the year 2000, the vote on the proposal to cancel the dissolved Revolutionary Command Council Resolution Act (213 of 2002), and to vote in principle to the draft Victims Justice Act. And it includes a session to vote on the recommendations concerning the obstacles to liberalization of Nineveh province, process, and report to the Security and Defense Committee about the terrorist bombing in the Karrada district, and the report of the Committee on the affairs of the member parliamentary development on the subject show lift the immunity of MPs requests.

The Council will discuss the general issue regarding the lifting of all the abuse on the marshes. (MP Sunrise Alabegi), with the first reading of a proposed law to the board of the popular crowd and the forces of him. (4 items), and the first reading of the draft accession of the Republic of Iraq to the Convention on the Conservation of Migratory Birds of African / Eurasian water.

As well as the parliament session included the first reading of the proposed law to amend the Penal Code No. (111) for the year 1969. (Commission Alemraeh, Family and Children, the Legal Committee), and the report and discuss the first draft amendment to the law of the Unified Retirement Law No. (9) for the year 2014. And it includes the meeting report and discuss the first draft amendment to the law take care of minors Law No. (78) for the year 1980, the report and discuss the draft law on ratification financial agreement relating to a loan of the World Bank submitted to the Republic of Iraq, signed on 03.02.2014 Law, and report and discuss the draft to exempt foreign companies and subcontractors Law foreign contractors in licensing rounds decades of fees. It also includes a report and discussion of the proposed Act to amend the Companies Act No. 21 of 1997 as amended, and the report and discussion of the draft accession of the Republic of Iraq to the Maritime Labour Convention of 2006 and the accession of the Republic of Iraq to the identity documents sailors No. Convention on the Law (185) for the year 2003, and the report and discuss a bill board Iraqi Atomic energy.

Read More: http://www.dinarupdates.com/showthread.php?39511-Iraqi-parliament-lifted-quot-accountability-and-justice-quot-of-today-s-meeting-agenda
______________________________________________________________

Be sure to join the New Dinar Updates “private” FaceBook Group…

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

Enorrste (Dinar Guru) –   This is the plan.  It has been laid out clearly and logically for well over a year.  We should expect that its implementation (the 50k came out 6 month ago) will continue until the CBI is ready to float the currency in early 2017 or slightly before.  Once that happens the value of the dinar will rise and eventually the 200, 100 and 50 dinar notes will be circulated.  By that time the 50k and 100k notes will have become history.  [post 3 of 3]

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

Iraq: 21 international investigators to examine the prime ministers of corruption files

Baghdad – Informed government sources within the office of Iraqi Prime Minister Haider al-Abadi, “the new Arab”, the 21 international investigators will arrive in Baghdad at the end of this month to start an investigation into financial corruption files, based on a memorandum of understanding signed by the Iraqi government with the United Nations last week

This comes amid a great interception by Iraqi political parties considered the government’s move as casting doubt on the judiciary and allowing insulting the important figures in the country through her interrogation by international specialists. –

According to private sources in the office of Iraqi Prime Minister Haider al-Abadi, speaking for “the new Arab”, the international investigators, all Western, except for Arabic and one from Jordan, were given full freedom to scan files and documents and review the records and documents of the ministries and the central bank and the Financial Inspection Office in Baghdad, In light of the agreement with the United Nations last week.

The prime minister, Haidar al-Abbadi, a formal request from the United Nations assist in revealing the fate of the $ 361 billion is missing from the budgets of the country between 2004 and 2014, as well as the fate of the thousands of projects and investments in electricity, housing and agriculture sectors.

And in spite of the state spending on those sectors a total of $ 98 billion over ten years.

According to the same sources, the team awarded the investigation with the former prime minister, Iyad Allawi, the validity of illusion (2004 to 2005) and Ibrahim al-Jaafari (2005 to 2006) and Nuri al-Maliki (2006 to 2014), as well as former ministers.

The team will be able to investigate those responsible who are currently out of the country, thanks to the status of the UN team, which enables him so.

Efforts to fight corruption in Iraq since 2003, did not succeed, and even now, as reports indicate that the total thefts of public money in the country amounted to about $ 850 billion.

The cause of corruption in the institutions and departments of the Iraqi state in many of the security and economic problems, prompting thousands of Iraqis to get out in massive demonstrations demanding the submission of the corrupt to justice.

And demanded Iraqi politicians, on several occasions, bringing in experts and international investigators to uncover the files of corruption in the Iraqi government and its various institutions, to banish the specter of political and partisan armed and effects of the investigation, and to be fair and impartial and independent.

The office issued Iraqi Prime Minister Haider al-Abadi, a statement, last Thursday, in which he stated that “the Iraqi side signed a memorandum of understanding with the United Nations Organization, in order to bring in international investigators and the involvement of specialists, to detect large files of corruption in the country.”

This comes at a time when popular demands in Iraq continues to expose the corruption of large files, Kcefqat arms and explosives detectors and oil licensing rounds that has wasted billions of dollars from the state budget.

And facing the Iraqi Integrity Commission, specialized in exposing corruption files, accusations of not being serious in resolving those files and cover up the other by the jurists, politicians and protesters demanding the body need to resolve those outstanding issues after the detection of the Iraqi people and present them to justice.

Observers considered that the participation of international investigators in uncovering the corruption in Iraq comes in continuation of the political reforms launched by mid-2015, Iraqi Prime Minister Haider al-Abadi Following mass demonstrations demanded that the fight against corruption.

He was vice president, Iyad Allawi, earlier called for the need to bring in international investigators to uncover corruption in Iraq accumulated files and resolution and submit it to the Iraqi judiciary.

He said analysts and experts that the participation of international experts in the fight against corruption in Iraq is a very important step to detect corrupt files and find out the fate of the money looted from the country.

In this regard, he said Iraqi economist Salim al-Jumaili, for “new Arab”, “The government has an important step Abadi contract with the United Nations and international investigators to uncover corruption files in Iraq since 2003.

The investigations include money smuggling and smuggling of oil contracts and armament. ”

Jumaili said that “investigations involving phantom contracts concluded in the reign of the former prime minister, Nuri al-Maliki, and the operations of smuggling gold and the dollar, which the Iranian economy saved from collapse, and all the calculations of the Central Bank and money laundering.”

He pointed out that “the investigation will be long and will reveal the extent of corruption and remove the mask the true face of religious parties and leaders of the ruling economic and its arms.” He expressed the hope that the United Nations strict procedures, in order to prevent the corruption of international investigators or blur the results of the investigation for political or security purposes, and that the results announced in front of the Iraqi people and the world.

Many of the lawyers, experts and relies on international investigations to uncover the files of corruption in Iraq since 2003 and that caused the waste of billions of dollars of Iraq’s budget through successive governments, arguing that international investigations are best able to disassociate Bmhakekayaa for partisan political influences and buy Zmmanm, as is currently happening in Iraq.

And still hundreds of files relating to corruption belong to the military, security and economic aspects are stuck, are not exposed because of political pressure from the ruling parties and blocs in the country, with many political parties are trying to prevent pressure to open those files internationally, according to sources.

And assumed the political parties of the ruling companies, is responsible for the reconstruction of Iraq file, and the result was that the Integrity Commission has issued arrest of 22 ministers and 335 as general manager, all of whom belong to the current political parties that ruled the country, on charges of financial corruption and pass deals companies, local and foreign orders. But the political blocs were able to disable the arrest warrants against officials.

For his part, spokesman for the Iraqi government , Saad al – Hadithi, Iraq used the international investigators in the corruption files, and that the presence of those investigators will ensure impartial investigations and to get rid of the pressure that may be exerted on the Iraqi interrogator.

He pointed out that “the issue of corruption in Iraq spiky and very large and the accumulation of many years ago.” He said that “this note will work on the investigation of corruption cases a priority, there will be training and rehabilitation of the Iraqi competencies through these investigations.”

He attributed the causes of newborn hire investigators to Iraq pressure that might be exerted on the Iraqi interrogator.

Read More: http://www.dinarupdates.com/showthread.php?39274-Iraq-21-Int-l-investigators-to-examine-prime-ministers-of-corruption-files

______________________________________________________________

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

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

DU NEWS RECAP by RCookie

SATURDAY AUGUST 21st, 2016

PARLIAMENT

PARLIAMENT LEGAL ASSERTS DRAFT AMNESTY LAW COVERS NOT ONLY IRAQI CITIZENS PRISONERS & CONVICTS…COALITION FORCES POLITICAL BLOC MP MASHHADANI STATES GENERAL AMNESTY WILL PASS A HEARING IN PARLIAMENT ON MONDAY AND BE PUT TO VOTE…NATIONAL ALLLIANCE MP ASSERTS ACCOUNTABILITY AND JUSTICE LAW WILL BE PRESENTED FOR VOTE ON TUESDAY 23RD AFTER ALL CONTENTIOUS ARTICLES AGREED UPON AND HAVING ALREADY RECEIVED ITS 2ND READING…IRAQI CABINET APPROVES 26 BILLION IQD ALLOCATION & DISBURSEMENT OF FUNDS FOR GENERAL SERVICES UPGRADE PROJECTS IN WASIT AND DIWANIYAH…PARLIAMENT LEGAL ASSERTS REDUCTION OF HOUSE MEMBERS DOES NOT REQUIRE CONSTITUTIONAL AMENDMENT…INTEGRITY REJECTS CRIMES OF CORRUPTION INCLUSION IN GENERAL AMNESTY LAW…ABADI SPOKESMAN SABRI ASSERTS THAT ABADI WILL RELEASE NAMES FOR REMAINING 3 CABINET POSITIONS IN THE NEAR TIMES…ABADI OFFICE SPOKESMAN ANNOUNCES THE ARRIVAL OF 21 INTERNATIONAL INVESTIGATORS TO BAGHDAD BY END OF AUGUST TO BEGIN INVESTIGATING FINANCIAL CORRUPTION FILES AS PART OF MoU WITH UNITED NATIONS AFTER SERIOUS EFFORTS BY POLITICAL BLOCS TO INTERCEPT THIS ACTION & INFLUENCING JUDICIARY AND INVESTIGATIVE ACTIONS TO QUESTION IMPORTANT FIGURES BY INTERNATIONAL EXPERTS 19 WESTERN 1 ARAB 1 JORDAN BEING GIVEN FULL ACCESS & FREEDOM RTO REVIEW RELEVANT DOCUMENTS OF THE CBI & FINANCIAL INSPECTORS OFFICE IN PURSUIT OF $361 BILLION IN MISSING STATE FUNDS FROM 2004-2014, AND COVERING ALLAWI, JAFAARI AND MALIKI REGIMES AND RELATED MINISTERS AND INCLUDE THOSE CURRENTLY RESIDING OUTSIDE OF COUNTRY…

SECURITY

30 ISIS ELEMENTS KILLED ON ALKRTAN REGION IN EASTERN RAMADI ISF AIR STRIKES…IRAQI ARMY JOINT SPECIAL FORCES DEMANDING MOSUL RESIDENTS NOT FLEE THE CITY….RUSSIA CALLS ON IRAQ TO SHUT DOWN AIRPORTS IN ERBIL & SULIMINAYAH SO TO CONDUCT MASSIVE ISIS OPERATION IN SRIA USING SURFACE TO AIR WEAPONS…45 ISIS ELEMENTS KILLED IN INT’L COALITION AIR RAIDS IN EASTERN MOSUL …UN CALLS FOR ALL PARTIES TO RESPECT ALL HUMAN RIGHTS IN MOSUL LIBERATION OPERATIONS…15 ISIS ELEMENTS KILLED IN ISLAND AREA EAST OF RAMADI…MINISTRY OF PEHMERGA DECLARES “OUR TROOPS WILL NOT FALL UNDER LEADERSHIP AND ORDERS OF THE FEDERAL GOVERNMENT”…19 LEADERS OF ISIS KILLED IN ISF AIR RAID IN MOSUL…INTERNATIONAL COALITION FORCES LAUNCH 28 SORTIES ON ISIS IN IRAQ AND SYRIA,,,ISF FORCES IN FINAL PREPARATION OF HUGE FIRESTORM AGAINST ISIS IN QARRAYAH…ISF AIR FORCES CONTINUE TO DROP MILLIONS OF LEAFLETS ON MOSUL & QARRAYAH…

GENERAL

NEW REPORTS THAT A MAJOR NEW OIL DEAL BETWEEN BAGHDAD AND ERBIL IS IMMINENT..NEW EDUCATION MINISTER ANNOUNCES PLANS TO UPGRADE UNIVERSITIES IN IRAQ….36 AIRLINE FLIGHTS AND 71 LAND USES DELIVERING PILGRIMS TO HOLY LAND THROUGH START OF 1ST WEEK CELEBRATIONS THROUGH ARAR BORDER POINT…REFORM FRONT SUBMITS REPORT THAT PRISONERS IN IRAQI JAILS COST GOVERNMENT $60 PER DAY…JABOURI VISITS TEHRAN TO MEET WITH SENIOR IRANIAN OFFICIALS AND FOREIGN MINISTER ZARIF TODAY TO DISCUSS SECURITY UPDATES BETWEEN GOVERNMENTS WITH ZARIF CONFIRMING IRAN’S POSITION TO STAND BY THE IRAQI GOVERNMENT…NEGOTIATIONS BETWEEN ANKARA & BAGHDAD STATE DEPARTMENTS TOWARD NEW INTELLIGENCE AND SECURITY COOPERATION…MINISTRY OF TRANSPORT KAZIM ANNOUNCE THE ESTABLISHMENT OF 1ST NATIONAL ACADEMY OF AVIATION IN IRAQ…IRANIAN FOREIGN MINISTER STATES “THE STABILITY OF IRAQ WILL ENSURE THE SECURITY OF THE REGION”…

BUSINESS/INVESTMENT/ECONOMY

GOLD AT 219,00 IQD TO THE WEIGHT…OIL AT $50.88…TRANSPORT MINISTER ASSERTS “WE WILL ENTER A STRONG INPUT TO SPEED UP THE ESTABLISHMENT OF THE PORT OF FAO” AND OPENING OF PROJECT OFFICE TO OVERSEE PROJECT PROGRESS…TAMIMI STATES NEED FOR BUDGET FUND ALLOCATIONS NEEDED TO RUN PARALLEL WITH PRIVATE SECTOR FUNDING FOR MARSHES DEVELOPMENT PROJECTS & SITE MANAGEMENT WITH MINISTRIES & STAKEHOLDERS AND COMMITTEE TO OVERSEE MARSHES PROJECT PLAN SUBMITTED…KIRKUK’S OIL EXPORTS UP TO 150,000 BARRELS PER DAY THIS WEEK…BASRA GENERAL COMPANY FOR IRON & STEEL GUARANTEE OF CONTRACTS FOR SUPPLYING 100 KM SPIRAL PIPING FOR PROVINCIAL OIL PROJECTS WITH THE COMPANY PRODUCTION NOW REACHING 200,000 TONNES PER YEAR… NORTH OIL RESUMES PUMPING 100,000 BARRELS OF OIL PER DAY TO CEYHAN PIPELINE IN TURKEY VIA KRG… SALEH SPEAKING ON 2017 BUDGET METRICS SOCIAL SPENDING TO BE A PRIORITY WITH 69% TOTAL SPENDING CAP & 32% OF INVESTMENT BUDGET FOR SERVICES WITH ASSISTANCE FROM IMF LOAN TO BE UTILIZED FOR HEALTH, EDUCATION, CARE FOR DISPLACED, SOCIAL CARE AND RATION CARD ESSENTIALS ALONG WITH ELECTRICITY, WATER AND SEWERAGE SERVICES PROJECTS…
______________________________________________________________

http://www.cbi.iq/

Indicative rates – 08.25.2016

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www.DinarUpdates.com

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 08-24-16

Currency Auctions Announcement No. 3266

This daily currency auction was held in the Central Bank of Iraq on the 08-24-2016

The results were as follows:

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

It takes considerable knowledge just to realize the extent of your own ignorance. – Thomas Sowell

*** Current News ***

Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”
Thurs. 8/25 “After Call” – w/RCookie,
Mr White & Hutch

 from 8/23 – Smart phone user link – Click here

______________________________________________________________

Enorrste (Dinar Guru) –   Article:  “Central bank: Print category 100 000 dinars , and we are waiting for official approval lowered into the market”   The reason there is low liquidity in the markets in Iraq is because instead of using their dinars many people are holding them in their mattresses.  Thus the CBI has been forced to raise the money supply, not because it wants to but because the economy would collapse otherwise. The introduction of the 50k and 100k notes is directed to solving this liquidity problem, not by just injecting new cash into the market…so that they can draw out the 25k notes from people’s mattresses.  There is also a stated goal to have bills roughly equivalent to our $50 and $100 notes. If they are successful these new bills will draw out the 25k notes which will be destroyed…  The result will be a reduction in the money supply back to 40 trillion dinars as the article states.   This plan of introducing the larger notes has a goal of stopping the rise in the money supply…It is necessary because the people are not yet confident in using banks.   [post 1 of 3….stay tuned]

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

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______________________________________________________________

Enorrste (Dinar Guru) –   Once the ball starts rolling and these 25k notes get pulled out then the value of the dinar can be allowed to rise (float).  Until they get those notes out of circulation, however, the value cannot rise and won’t.  If it did then all of the hoarders would become millionaires, which isn’t going to happen.  So it is a process, and the introduction of the large notes is a part of the process to entice the people to give up their 25k notes. The reduction in paper by 2 to 4 times (each 50k removes 2 25k notes and each 100k removes 4 25k notes) will enable the CBI to then reduce the money supply by allowing the VALUE of money to rise.  As it does rise the 100k note will become too valuable to hold in a mattress and people will put them in banks if for no other reason than for safety and security.  Once there they will move to the CBI which will destroy them.   [post 2 of 3….stay tuned]

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

______________________________________________________________

Iraqi parliament lifted “accountability and justice” of today’s meeting agenda

Twilight News / decided the presidency of the Iraqi parliament lifted paragraph accountability and justice from the agenda of today’s meeting.

Iraqi Council of Representatives held its regular Tuesday the current legislative term, which will include reading and discussing several draft laws, notably the popular crowd Law Project, and the completion of a vote on the amnesty law in addition to the issue of withdrawal of confidence from Defense Minister Khaled al-Obeidi. And it includes the agenda of the meeting, complete the vote on the draft Aalloam law, but the chairman of the parliament decided this morning, lifting a paragraph vote on the draft accountability and justice and the prohibition of the Baath Party Act.

It also includes the procedures of Article 61 of the Constitution and rules of procedure regarding the questioning of the Minister of Defense. And also due to the parliament to vote on the proposed abolition of the dissolved Revolutionary Command Council Resolution Act (80) for the year 2000, the vote on the proposal to cancel the dissolved Revolutionary Command Council Resolution Act (213 of 2002), and to vote in principle to the draft Victims Justice Act. And it includes a session to vote on the recommendations concerning the obstacles to liberalization of Nineveh province, process, and report to the Security and Defense Committee about the terrorist bombing in the Karrada district, and the report of the Committee on the affairs of the member parliamentary development on the subject show lift the immunity of MPs requests.

The Council will discuss the general issue regarding the lifting of all the abuse on the marshes. (MP Sunrise Alabegi), with the first reading of a proposed law to the board of the popular crowd and the forces of him. (4 items), and the first reading of the draft accession of the Republic of Iraq to the Convention on the Conservation of Migratory Birds of African / Eurasian water.

As well as the parliament session included the first reading of the proposed law to amend the Penal Code No. (111) for the year 1969. (Commission Alemraeh, Family and Children, the Legal Committee), and the report and discuss the first draft amendment to the law of the Unified Retirement Law No. (9) for the year 2014. And it includes the meeting report and discuss the first draft amendment to the law take care of minors Law No. (78) for the year 1980, the report and discuss the draft law on ratification financial agreement relating to a loan of the World Bank submitted to the Republic of Iraq, signed on 03.02.2014 Law, and report and discuss the draft to exempt foreign companies and subcontractors Law foreign contractors in licensing rounds decades of fees. It also includes a report and discussion of the proposed Act to amend the Companies Act No. 21 of 1997 as amended, and the report and discussion of the draft accession of the Republic of Iraq to the Maritime Labour Convention of 2006 and the accession of the Republic of Iraq to the identity documents sailors No. Convention on the Law (185) for the year 2003, and the report and discuss a bill board Iraqi Atomic energy.

Read More: http://www.dinarupdates.com/showthread.php?39511-Iraqi-parliament-lifted-quot-accountability-and-justice-quot-of-today-s-meeting-agenda
______________________________________________________________

Be sure to join the New Dinar Updates “private” FaceBook Group…

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

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

Enorrste (Dinar Guru) –   This is the plan.  It has been laid out clearly and logically for well over a year.  We should expect that its implementation (the 50k came out 6 month ago) will continue until the CBI is ready to float the currency in early 2017 or slightly before.  Once that happens the value of the dinar will rise and eventually the 200, 100 and 50 dinar notes will be circulated.  By that time the 50k and 100k notes will have become history.  [post 3 of 3]

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

Iraq: 21 international investigators to examine the prime ministers of corruption files

Baghdad – Informed government sources within the office of Iraqi Prime Minister Haider al-Abadi, “the new Arab”, the 21 international investigators will arrive in Baghdad at the end of this month to start an investigation into financial corruption files, based on a memorandum of understanding signed by the Iraqi government with the United Nations last week

This comes amid a great interception by Iraqi political parties considered the government’s move as casting doubt on the judiciary and allowing insulting the important figures in the country through her interrogation by international specialists. –

According to private sources in the office of Iraqi Prime Minister Haider al-Abadi, speaking for “the new Arab”, the international investigators, all Western, except for Arabic and one from Jordan, were given full freedom to scan files and documents and review the records and documents of the ministries and the central bank and the Financial Inspection Office in Baghdad, In light of the agreement with the United Nations last week.

The prime minister, Haidar al-Abbadi, a formal request from the United Nations assist in revealing the fate of the $ 361 billion is missing from the budgets of the country between 2004 and 2014, as well as the fate of the thousands of projects and investments in electricity, housing and agriculture sectors.

And in spite of the state spending on those sectors a total of $ 98 billion over ten years.

According to the same sources, the team awarded the investigation with the former prime minister, Iyad Allawi, the validity of illusion (2004 to 2005) and Ibrahim al-Jaafari (2005 to 2006) and Nuri al-Maliki (2006 to 2014), as well as former ministers.

The team will be able to investigate those responsible who are currently out of the country, thanks to the status of the UN team, which enables him so.

Efforts to fight corruption in Iraq since 2003, did not succeed, and even now, as reports indicate that the total thefts of public money in the country amounted to about $ 850 billion.

The cause of corruption in the institutions and departments of the Iraqi state in many of the security and economic problems, prompting thousands of Iraqis to get out in massive demonstrations demanding the submission of the corrupt to justice.

And demanded Iraqi politicians, on several occasions, bringing in experts and international investigators to uncover the files of corruption in the Iraqi government and its various institutions, to banish the specter of political and partisan armed and effects of the investigation, and to be fair and impartial and independent.

The office issued Iraqi Prime Minister Haider al-Abadi, a statement, last Thursday, in which he stated that “the Iraqi side signed a memorandum of understanding with the United Nations Organization, in order to bring in international investigators and the involvement of specialists, to detect large files of corruption in the country.”

This comes at a time when popular demands in Iraq continues to expose the corruption of large files, Kcefqat arms and explosives detectors and oil licensing rounds that has wasted billions of dollars from the state budget.

And facing the Iraqi Integrity Commission, specialized in exposing corruption files, accusations of not being serious in resolving those files and cover up the other by the jurists, politicians and protesters demanding the body need to resolve those outstanding issues after the detection of the Iraqi people and present them to justice.

Observers considered that the participation of international investigators in uncovering the corruption in Iraq comes in continuation of the political reforms launched by mid-2015, Iraqi Prime Minister Haider al-Abadi Following mass demonstrations demanded that the fight against corruption.

He was vice president, Iyad Allawi, earlier called for the need to bring in international investigators to uncover corruption in Iraq accumulated files and resolution and submit it to the Iraqi judiciary.

He said analysts and experts that the participation of international experts in the fight against corruption in Iraq is a very important step to detect corrupt files and find out the fate of the money looted from the country.

In this regard, he said Iraqi economist Salim al-Jumaili, for “new Arab”, “The government has an important step Abadi contract with the United Nations and international investigators to uncover corruption files in Iraq since 2003.

The investigations include money smuggling and smuggling of oil contracts and armament. ”

Jumaili said that “investigations involving phantom contracts concluded in the reign of the former prime minister, Nuri al-Maliki, and the operations of smuggling gold and the dollar, which the Iranian economy saved from collapse, and all the calculations of the Central Bank and money laundering.”

He pointed out that “the investigation will be long and will reveal the extent of corruption and remove the mask the true face of religious parties and leaders of the ruling economic and its arms.” He expressed the hope that the United Nations strict procedures, in order to prevent the corruption of international investigators or blur the results of the investigation for political or security purposes, and that the results announced in front of the Iraqi people and the world.

Many of the lawyers, experts and relies on international investigations to uncover the files of corruption in Iraq since 2003 and that caused the waste of billions of dollars of Iraq’s budget through successive governments, arguing that international investigations are best able to disassociate Bmhakekayaa for partisan political influences and buy Zmmanm, as is currently happening in Iraq.

And still hundreds of files relating to corruption belong to the military, security and economic aspects are stuck, are not exposed because of political pressure from the ruling parties and blocs in the country, with many political parties are trying to prevent pressure to open those files internationally, according to sources.

And assumed the political parties of the ruling companies, is responsible for the reconstruction of Iraq file, and the result was that the Integrity Commission has issued arrest of 22 ministers and 335 as general manager, all of whom belong to the current political parties that ruled the country, on charges of financial corruption and pass deals companies, local and foreign orders. But the political blocs were able to disable the arrest warrants against officials.

For his part, spokesman for the Iraqi government , Saad al – Hadithi, Iraq used the international investigators in the corruption files, and that the presence of those investigators will ensure impartial investigations and to get rid of the pressure that may be exerted on the Iraqi interrogator.

He pointed out that “the issue of corruption in Iraq spiky and very large and the accumulation of many years ago.” He said that “this note will work on the investigation of corruption cases a priority, there will be training and rehabilitation of the Iraqi competencies through these investigations.”

He attributed the causes of newborn hire investigators to Iraq pressure that might be exerted on the Iraqi interrogator.

Read More: http://www.dinarupdates.com/showthread.php?39274-Iraq-21-Int-l-investigators-to-examine-prime-ministers-of-corruption-files

______________________________________________________________

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

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

DU NEWS RECAP by RCookie

SATURDAY AUGUST 21st, 2016

PARLIAMENT

PARLIAMENT LEGAL ASSERTS DRAFT AMNESTY LAW COVERS NOT ONLY IRAQI CITIZENS PRISONERS & CONVICTS…COALITION FORCES POLITICAL BLOC MP MASHHADANI STATES GENERAL AMNESTY WILL PASS A HEARING IN PARLIAMENT ON MONDAY AND BE PUT TO VOTE…NATIONAL ALLLIANCE MP ASSERTS ACCOUNTABILITY AND JUSTICE LAW WILL BE PRESENTED FOR VOTE ON TUESDAY 23RD AFTER ALL CONTENTIOUS ARTICLES AGREED UPON AND HAVING ALREADY RECEIVED ITS 2ND READING…IRAQI CABINET APPROVES 26 BILLION IQD ALLOCATION & DISBURSEMENT OF FUNDS FOR GENERAL SERVICES UPGRADE PROJECTS IN WASIT AND DIWANIYAH…PARLIAMENT LEGAL ASSERTS REDUCTION OF HOUSE MEMBERS DOES NOT REQUIRE CONSTITUTIONAL AMENDMENT…INTEGRITY REJECTS CRIMES OF CORRUPTION INCLUSION IN GENERAL AMNESTY LAW…ABADI SPOKESMAN SABRI ASSERTS THAT ABADI WILL RELEASE NAMES FOR REMAINING 3 CABINET POSITIONS IN THE NEAR TIMES…ABADI OFFICE SPOKESMAN ANNOUNCES THE ARRIVAL OF 21 INTERNATIONAL INVESTIGATORS TO BAGHDAD BY END OF AUGUST TO BEGIN INVESTIGATING FINANCIAL CORRUPTION FILES AS PART OF MoU WITH UNITED NATIONS AFTER SERIOUS EFFORTS BY POLITICAL BLOCS TO INTERCEPT THIS ACTION & INFLUENCING JUDICIARY AND INVESTIGATIVE ACTIONS TO QUESTION IMPORTANT FIGURES BY INTERNATIONAL EXPERTS 19 WESTERN 1 ARAB 1 JORDAN BEING GIVEN FULL ACCESS & FREEDOM RTO REVIEW RELEVANT DOCUMENTS OF THE CBI & FINANCIAL INSPECTORS OFFICE IN PURSUIT OF $361 BILLION IN MISSING STATE FUNDS FROM 2004-2014, AND COVERING ALLAWI, JAFAARI AND MALIKI REGIMES AND RELATED MINISTERS AND INCLUDE THOSE CURRENTLY RESIDING OUTSIDE OF COUNTRY…

SECURITY

30 ISIS ELEMENTS KILLED ON ALKRTAN REGION IN EASTERN RAMADI ISF AIR STRIKES…IRAQI ARMY JOINT SPECIAL FORCES DEMANDING MOSUL RESIDENTS NOT FLEE THE CITY….RUSSIA CALLS ON IRAQ TO SHUT DOWN AIRPORTS IN ERBIL & SULIMINAYAH SO TO CONDUCT MASSIVE ISIS OPERATION IN SRIA USING SURFACE TO AIR WEAPONS…45 ISIS ELEMENTS KILLED IN INT’L COALITION AIR RAIDS IN EASTERN MOSUL …UN CALLS FOR ALL PARTIES TO RESPECT ALL HUMAN RIGHTS IN MOSUL LIBERATION OPERATIONS…15 ISIS ELEMENTS KILLED IN ISLAND AREA EAST OF RAMADI…MINISTRY OF PEHMERGA DECLARES “OUR TROOPS WILL NOT FALL UNDER LEADERSHIP AND ORDERS OF THE FEDERAL GOVERNMENT”…19 LEADERS OF ISIS KILLED IN ISF AIR RAID IN MOSUL…INTERNATIONAL COALITION FORCES LAUNCH 28 SORTIES ON ISIS IN IRAQ AND SYRIA,,,ISF FORCES IN FINAL PREPARATION OF HUGE FIRESTORM AGAINST ISIS IN QARRAYAH…ISF AIR FORCES CONTINUE TO DROP MILLIONS OF LEAFLETS ON MOSUL & QARRAYAH…

GENERAL

NEW REPORTS THAT A MAJOR NEW OIL DEAL BETWEEN BAGHDAD AND ERBIL IS IMMINENT..NEW EDUCATION MINISTER ANNOUNCES PLANS TO UPGRADE UNIVERSITIES IN IRAQ….36 AIRLINE FLIGHTS AND 71 LAND USES DELIVERING PILGRIMS TO HOLY LAND THROUGH START OF 1ST WEEK CELEBRATIONS THROUGH ARAR BORDER POINT…REFORM FRONT SUBMITS REPORT THAT PRISONERS IN IRAQI JAILS COST GOVERNMENT $60 PER DAY…JABOURI VISITS TEHRAN TO MEET WITH SENIOR IRANIAN OFFICIALS AND FOREIGN MINISTER ZARIF TODAY TO DISCUSS SECURITY UPDATES BETWEEN GOVERNMENTS WITH ZARIF CONFIRMING IRAN’S POSITION TO STAND BY THE IRAQI GOVERNMENT…NEGOTIATIONS BETWEEN ANKARA & BAGHDAD STATE DEPARTMENTS TOWARD NEW INTELLIGENCE AND SECURITY COOPERATION…MINISTRY OF TRANSPORT KAZIM ANNOUNCE THE ESTABLISHMENT OF 1ST NATIONAL ACADEMY OF AVIATION IN IRAQ…IRANIAN FOREIGN MINISTER STATES “THE STABILITY OF IRAQ WILL ENSURE THE SECURITY OF THE REGION”…

BUSINESS/INVESTMENT/ECONOMY

GOLD AT 219,00 IQD TO THE WEIGHT…OIL AT $50.88…TRANSPORT MINISTER ASSERTS “WE WILL ENTER A STRONG INPUT TO SPEED UP THE ESTABLISHMENT OF THE PORT OF FAO” AND OPENING OF PROJECT OFFICE TO OVERSEE PROJECT PROGRESS…TAMIMI STATES NEED FOR BUDGET FUND ALLOCATIONS NEEDED TO RUN PARALLEL WITH PRIVATE SECTOR FUNDING FOR MARSHES DEVELOPMENT PROJECTS & SITE MANAGEMENT WITH MINISTRIES & STAKEHOLDERS AND COMMITTEE TO OVERSEE MARSHES PROJECT PLAN SUBMITTED…KIRKUK’S OIL EXPORTS UP TO 150,000 BARRELS PER DAY THIS WEEK…BASRA GENERAL COMPANY FOR IRON & STEEL GUARANTEE OF CONTRACTS FOR SUPPLYING 100 KM SPIRAL PIPING FOR PROVINCIAL OIL PROJECTS WITH THE COMPANY PRODUCTION NOW REACHING 200,000 TONNES PER YEAR… NORTH OIL RESUMES PUMPING 100,000 BARRELS OF OIL PER DAY TO CEYHAN PIPELINE IN TURKEY VIA KRG… SALEH SPEAKING ON 2017 BUDGET METRICS SOCIAL SPENDING TO BE A PRIORITY WITH 69% TOTAL SPENDING CAP & 32% OF INVESTMENT BUDGET FOR SERVICES WITH ASSISTANCE FROM IMF LOAN TO BE UTILIZED FOR HEALTH, EDUCATION, CARE FOR DISPLACED, SOCIAL CARE AND RATION CARD ESSENTIALS ALONG WITH ELECTRICITY, WATER AND SEWERAGE SERVICES PROJECTS…
______________________________________________________________

Indicative rates – 08.24.2016

http://www.cbi.iq/

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

www.DinarUpdates.com

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 08-23-16

Currency Auctions Announcement No. 3264

This daily currency auction was held in the Central Bank of Iraq on the 08-22-2016

The results were as follows:

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

There is nothing so likely to produce peace as to be well prepared to meet the enemy. – George Washington

*** Current News ***

Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”
Tues. 8/23 “After Call” – w/RCookie,
Mr White & Hutch

 from 8/16 – Smart phone user link – Click here

______________________________________________________________

rcookie (Dinar Guru) –   [are they voting on amnesty law tue 23 aug?]  YES…AND THE DEBAATHIFICATION LAW AND A PLETHORA OF OTHERS ACCORDING TO THEIR AGENDA…

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

Follow us on twitter @DinarUpdates !!

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

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______________________________________________________________

Urgent Abadi: The government approved a general amnesty law and we support and call on Parliament to approval

[Wayne-Baghdad] – Prime Minister Haider al-Abadi said that “the Iraqi government approved a general amnesty law and we support and call on Parliament to approval” ..itba

Read More: http://www.dinarupdates.com/showthread.php?39541-Urgent-Abadi-The-government-approved-a-general-amnesty-law-and-we-support-and-call-o

Iraqi parliament lifted “accountability and justice” of today’s meeting agenda

Twilight News / decided the presidency of the Iraqi parliament lifted paragraph accountability and justice from the agenda of today’s meeting.

Iraqi Council of Representatives held its regular Tuesday the current legislative term, which will include reading and discussing several draft laws, notably the popular crowd Law Project, and the completion of a vote on the amnesty law in addition to the issue of withdrawal of confidence from Defense Minister Khaled al-Obeidi. And it includes the agenda of the meeting, complete the vote on the draft Aalloam law, but the chairman of the parliament decided this morning, lifting a paragraph vote on the draft accountability and justice and the prohibition of the Baath Party Act.

It also includes the procedures of Article 61 of the Constitution and rules of procedure regarding the questioning of the Minister of Defense. And also due to the parliament to vote on the proposed abolition of the dissolved Revolutionary Command Council Resolution Act (80) for the year 2000, the vote on the proposal to cancel the dissolved Revolutionary Command Council Resolution Act (213 of 2002), and to vote in principle to the draft Victims Justice Act. And it includes a session to vote on the recommendations concerning the obstacles to liberalization of Nineveh province, process, and report to the Security and Defense Committee about the terrorist bombing in the Karrada district, and the report of the Committee on the affairs of the member parliamentary development on the subject show lift the immunity of MPs requests.

The Council will discuss the general issue regarding the lifting of all the abuse on the marshes. (MP Sunrise Alabegi), with the first reading of a proposed law to the board of the popular crowd and the forces of him. (4 items), and the first reading of the draft accession of the Republic of Iraq to the Convention on the Conservation of Migratory Birds of African / Eurasian water.

As well as the parliament session included the first reading of the proposed law to amend the Penal Code No. (111) for the year 1969. (Commission Alemraeh, Family and Children, the Legal Committee), and the report and discuss the first draft amendment to the law of the Unified Retirement Law No. (9) for the year 2014. And it includes the meeting report and discuss the first draft amendment to the law take care of minors Law No. (78) for the year 1980, the report and discuss the draft law on ratification financial agreement relating to a loan of the World Bank submitted to the Republic of Iraq, signed on 03.02.2014 Law, and report and discuss the draft to exempt foreign companies and subcontractors Law foreign contractors in licensing rounds decades of fees. It also includes a report and discussion of the proposed Act to amend the Companies Act No. 21 of 1997 as amended, and the report and discussion of the draft accession of the Republic of Iraq to the Maritime Labour Convention of 2006 and the accession of the Republic of Iraq to the identity documents sailors No. Convention on the Law (185) for the year 2003, and the report and discuss a bill board Iraqi Atomic energy.

Read More: http://www.dinarupdates.com/showthread.php?39511-Iraqi-parliament-lifted-quot-accountability-and-justice-quot-of-today-s-meeting-agenda
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Kaperoni (Dinar Guru) –    Article:   “Central bank: Print category 100 000 dinars , and we are waiting for official approval lowered into the market”   the CBI has stated on at least a few occasions the intent of the 50k and 100k.  We may not agree with it, but I don’t think we should argue with that explanation…the purpose is to create demand for the dinar and raise nearly 40 trillion dinars.  The 50k note which has been out for 6 months or more has not increased the money supply…compared to this time last year.  In other words, the CBI is doing what it said they would be doing (2-25k=1-50k).   …I do not think this is bad news at all.  In fact, this decision was made over a year ago and stated it was a step towards currency reform.  So, in fact, if it is a step, we are progressing towards our goal.  Don’t lose site that currency reform means raising the value and removing the larger notes.  This is a must for what Iraq needs to do moving forward.

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

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______________________________________________________________

BGG (Dinar Guru) –   [Tuesday looks like parliamentarian issues are over. Where do we turn our eyes to = next?]  Not exactly – but moving more and more that direction…  [Amnesty and J&A?]  I just don’t agree fully with the “all good – all done” mentality… getting MUCH closer – to be sure…AND it’s not impossible these last few Parliament issues are on a separate track altogether…as in parallel and not interfering with one another… once the IMF and UN has whatever it is they are requiring (and there is something there) they make the next move (we are looking for) toward economic reform…BTW – currency reform is just one more step in the development of Iraq into a global trade partner they are looking for…which they very much appear to be on a fast-track towards.

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

Iraq: 21 international investigators to examine the prime ministers of corruption files

Baghdad – Informed government sources within the office of Iraqi Prime Minister Haider al-Abadi, “the new Arab”, the 21 international investigators will arrive in Baghdad at the end of this month to start an investigation into financial corruption files, based on a memorandum of understanding signed by the Iraqi government with the United Nations last week

This comes amid a great interception by Iraqi political parties considered the government’s move as casting doubt on the judiciary and allowing insulting the important figures in the country through her interrogation by international specialists. –

According to private sources in the office of Iraqi Prime Minister Haider al-Abadi, speaking for “the new Arab”, the international investigators, all Western, except for Arabic and one from Jordan, were given full freedom to scan files and documents and review the records and documents of the ministries and the central bank and the Financial Inspection Office in Baghdad, In light of the agreement with the United Nations last week.

The prime minister, Haidar al-Abbadi, a formal request from the United Nations assist in revealing the fate of the $ 361 billion is missing from the budgets of the country between 2004 and 2014, as well as the fate of the thousands of projects and investments in electricity, housing and agriculture sectors.

And in spite of the state spending on those sectors a total of $ 98 billion over ten years.

According to the same sources, the team awarded the investigation with the former prime minister, Iyad Allawi, the validity of illusion (2004 to 2005) and Ibrahim al-Jaafari (2005 to 2006) and Nuri al-Maliki (2006 to 2014), as well as former ministers.

The team will be able to investigate those responsible who are currently out of the country, thanks to the status of the UN team, which enables him so.

Efforts to fight corruption in Iraq since 2003, did not succeed, and even now, as reports indicate that the total thefts of public money in the country amounted to about $ 850 billion.

The cause of corruption in the institutions and departments of the Iraqi state in many of the security and economic problems, prompting thousands of Iraqis to get out in massive demonstrations demanding the submission of the corrupt to justice.

And demanded Iraqi politicians, on several occasions, bringing in experts and international investigators to uncover the files of corruption in the Iraqi government and its various institutions, to banish the specter of political and partisan armed and effects of the investigation, and to be fair and impartial and independent.

The office issued Iraqi Prime Minister Haider al-Abadi, a statement, last Thursday, in which he stated that “the Iraqi side signed a memorandum of understanding with the United Nations Organization, in order to bring in international investigators and the involvement of specialists, to detect large files of corruption in the country.”

This comes at a time when popular demands in Iraq continues to expose the corruption of large files, Kcefqat arms and explosives detectors and oil licensing rounds that has wasted billions of dollars from the state budget.

And facing the Iraqi Integrity Commission, specialized in exposing corruption files, accusations of not being serious in resolving those files and cover up the other by the jurists, politicians and protesters demanding the body need to resolve those outstanding issues after the detection of the Iraqi people and present them to justice.

Observers considered that the participation of international investigators in uncovering the corruption in Iraq comes in continuation of the political reforms launched by mid-2015, Iraqi Prime Minister Haider al-Abadi Following mass demonstrations demanded that the fight against corruption.

He was vice president, Iyad Allawi, earlier called for the need to bring in international investigators to uncover corruption in Iraq accumulated files and resolution and submit it to the Iraqi judiciary.

He said analysts and experts that the participation of international experts in the fight against corruption in Iraq is a very important step to detect corrupt files and find out the fate of the money looted from the country.

In this regard, he said Iraqi economist Salim al-Jumaili, for “new Arab”, “The government has an important step Abadi contract with the United Nations and international investigators to uncover corruption files in Iraq since 2003.

The investigations include money smuggling and smuggling of oil contracts and armament. ”

Jumaili said that “investigations involving phantom contracts concluded in the reign of the former prime minister, Nuri al-Maliki, and the operations of smuggling gold and the dollar, which the Iranian economy saved from collapse, and all the calculations of the Central Bank and money laundering.”

He pointed out that “the investigation will be long and will reveal the extent of corruption and remove the mask the true face of religious parties and leaders of the ruling economic and its arms.” He expressed the hope that the United Nations strict procedures, in order to prevent the corruption of international investigators or blur the results of the investigation for political or security purposes, and that the results announced in front of the Iraqi people and the world.

Many of the lawyers, experts and relies on international investigations to uncover the files of corruption in Iraq since 2003 and that caused the waste of billions of dollars of Iraq’s budget through successive governments, arguing that international investigations are best able to disassociate Bmhakekayaa for partisan political influences and buy Zmmanm, as is currently happening in Iraq.

And still hundreds of files relating to corruption belong to the military, security and economic aspects are stuck, are not exposed because of political pressure from the ruling parties and blocs in the country, with many political parties are trying to prevent pressure to open those files internationally, according to sources.

And assumed the political parties of the ruling companies, is responsible for the reconstruction of Iraq file, and the result was that the Integrity Commission has issued arrest of 22 ministers and 335 as general manager, all of whom belong to the current political parties that ruled the country, on charges of financial corruption and pass deals companies, local and foreign orders. But the political blocs were able to disable the arrest warrants against officials.

For his part, spokesman for the Iraqi government , Saad al – Hadithi, Iraq used the international investigators in the corruption files, and that the presence of those investigators will ensure impartial investigations and to get rid of the pressure that may be exerted on the Iraqi interrogator.

He pointed out that “the issue of corruption in Iraq spiky and very large and the accumulation of many years ago.” He said that “this note will work on the investigation of corruption cases a priority, there will be training and rehabilitation of the Iraqi competencies through these investigations.”

He attributed the causes of newborn hire investigators to Iraq pressure that might be exerted on the Iraqi interrogator.

Read More: http://www.dinarupdates.com/showthread.php?39274-Iraq-21-Int-l-investigators-to-examine-prime-ministers-of-corruption-files

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

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

DU NEWS RECAP by RCookie

SATURDAY AUGUST 21st, 2016

PARLIAMENT

PARLIAMENT LEGAL ASSERTS DRAFT AMNESTY LAW COVERS NOT ONLY IRAQI CITIZENS PRISONERS & CONVICTS…COALITION FORCES POLITICAL BLOC MP MASHHADANI STATES GENERAL AMNESTY WILL PASS A HEARING IN PARLIAMENT ON MONDAY AND BE PUT TO VOTE…NATIONAL ALLLIANCE MP ASSERTS ACCOUNTABILITY AND JUSTICE LAW WILL BE PRESENTED FOR VOTE ON TUESDAY 23RD AFTER ALL CONTENTIOUS ARTICLES AGREED UPON AND HAVING ALREADY RECEIVED ITS 2ND READING…IRAQI CABINET APPROVES 26 BILLION IQD ALLOCATION & DISBURSEMENT OF FUNDS FOR GENERAL SERVICES UPGRADE PROJECTS IN WASIT AND DIWANIYAH…PARLIAMENT LEGAL ASSERTS REDUCTION OF HOUSE MEMBERS DOES NOT REQUIRE CONSTITUTIONAL AMENDMENT…INTEGRITY REJECTS CRIMES OF CORRUPTION INCLUSION IN GENERAL AMNESTY LAW…ABADI SPOKESMAN SABRI ASSERTS THAT ABADI WILL RELEASE NAMES FOR REMAINING 3 CABINET POSITIONS IN THE NEAR TIMES…ABADI OFFICE SPOKESMAN ANNOUNCES THE ARRIVAL OF 21 INTERNATIONAL INVESTIGATORS TO BAGHDAD BY END OF AUGUST TO BEGIN INVESTIGATING FINANCIAL CORRUPTION FILES AS PART OF MoU WITH UNITED NATIONS AFTER SERIOUS EFFORTS BY POLITICAL BLOCS TO INTERCEPT THIS ACTION & INFLUENCING JUDICIARY AND INVESTIGATIVE ACTIONS TO QUESTION IMPORTANT FIGURES BY INTERNATIONAL EXPERTS 19 WESTERN 1 ARAB 1 JORDAN BEING GIVEN FULL ACCESS & FREEDOM RTO REVIEW RELEVANT DOCUMENTS OF THE CBI & FINANCIAL INSPECTORS OFFICE IN PURSUIT OF $361 BILLION IN MISSING STATE FUNDS FROM 2004-2014, AND COVERING ALLAWI, JAFAARI AND MALIKI REGIMES AND RELATED MINISTERS AND INCLUDE THOSE CURRENTLY RESIDING OUTSIDE OF COUNTRY…

SECURITY

30 ISIS ELEMENTS KILLED ON ALKRTAN REGION IN EASTERN RAMADI ISF AIR STRIKES…IRAQI ARMY JOINT SPECIAL FORCES DEMANDING MOSUL RESIDENTS NOT FLEE THE CITY….RUSSIA CALLS ON IRAQ TO SHUT DOWN AIRPORTS IN ERBIL & SULIMINAYAH SO TO CONDUCT MASSIVE ISIS OPERATION IN SRIA USING SURFACE TO AIR WEAPONS…45 ISIS ELEMENTS KILLED IN INT’L COALITION AIR RAIDS IN EASTERN MOSUL …UN CALLS FOR ALL PARTIES TO RESPECT ALL HUMAN RIGHTS IN MOSUL LIBERATION OPERATIONS…15 ISIS ELEMENTS KILLED IN ISLAND AREA EAST OF RAMADI…MINISTRY OF PEHMERGA DECLARES “OUR TROOPS WILL NOT FALL UNDER LEADERSHIP AND ORDERS OF THE FEDERAL GOVERNMENT”…19 LEADERS OF ISIS KILLED IN ISF AIR RAID IN MOSUL…INTERNATIONAL COALITION FORCES LAUNCH 28 SORTIES ON ISIS IN IRAQ AND SYRIA,,,ISF FORCES IN FINAL PREPARATION OF HUGE FIRESTORM AGAINST ISIS IN QARRAYAH…ISF AIR FORCES CONTINUE TO DROP MILLIONS OF LEAFLETS ON MOSUL & QARRAYAH…

GENERAL

NEW REPORTS THAT A MAJOR NEW OIL DEAL BETWEEN BAGHDAD AND ERBIL IS IMMINENT..NEW EDUCATION MINISTER ANNOUNCES PLANS TO UPGRADE UNIVERSITIES IN IRAQ….36 AIRLINE FLIGHTS AND 71 LAND USES DELIVERING PILGRIMS TO HOLY LAND THROUGH START OF 1ST WEEK CELEBRATIONS THROUGH ARAR BORDER POINT…REFORM FRONT SUBMITS REPORT THAT PRISONERS IN IRAQI JAILS COST GOVERNMENT $60 PER DAY…JABOURI VISITS TEHRAN TO MEET WITH SENIOR IRANIAN OFFICIALS AND FOREIGN MINISTER ZARIF TODAY TO DISCUSS SECURITY UPDATES BETWEEN GOVERNMENTS WITH ZARIF CONFIRMING IRAN’S POSITION TO STAND BY THE IRAQI GOVERNMENT…NEGOTIATIONS BETWEEN ANKARA & BAGHDAD STATE DEPARTMENTS TOWARD NEW INTELLIGENCE AND SECURITY COOPERATION…MINISTRY OF TRANSPORT KAZIM ANNOUNCE THE ESTABLISHMENT OF 1ST NATIONAL ACADEMY OF AVIATION IN IRAQ…IRANIAN FOREIGN MINISTER STATES “THE STABILITY OF IRAQ WILL ENSURE THE SECURITY OF THE REGION”…

BUSINESS/INVESTMENT/ECONOMY

GOLD AT 219,00 IQD TO THE WEIGHT…OIL AT $50.88…TRANSPORT MINISTER ASSERTS “WE WILL ENTER A STRONG INPUT TO SPEED UP THE ESTABLISHMENT OF THE PORT OF FAO” AND OPENING OF PROJECT OFFICE TO OVERSEE PROJECT PROGRESS…TAMIMI STATES NEED FOR BUDGET FUND ALLOCATIONS NEEDED TO RUN PARALLEL WITH PRIVATE SECTOR FUNDING FOR MARSHES DEVELOPMENT PROJECTS & SITE MANAGEMENT WITH MINISTRIES & STAKEHOLDERS AND COMMITTEE TO OVERSEE MARSHES PROJECT PLAN SUBMITTED…KIRKUK’S OIL EXPORTS UP TO 150,000 BARRELS PER DAY THIS WEEK…BASRA GENERAL COMPANY FOR IRON & STEEL GUARANTEE OF CONTRACTS FOR SUPPLYING 100 KM SPIRAL PIPING FOR PROVINCIAL OIL PROJECTS WITH THE COMPANY PRODUCTION NOW REACHING 200,000 TONNES PER YEAR… NORTH OIL RESUMES PUMPING 100,000 BARRELS OF OIL PER DAY TO CEYHAN PIPELINE IN TURKEY VIA KRG… SALEH SPEAKING ON 2017 BUDGET METRICS SOCIAL SPENDING TO BE A PRIORITY WITH 69% TOTAL SPENDING CAP & 32% OF INVESTMENT BUDGET FOR SERVICES WITH ASSISTANCE FROM IMF LOAN TO BE UTILIZED FOR HEALTH, EDUCATION, CARE FOR DISPLACED, SOCIAL CARE AND RATION CARD ESSENTIALS ALONG WITH ELECTRICITY, WATER AND SEWERAGE SERVICES PROJECTS…
______________________________________________________________

http://www.cbi.iq/

Indicative rates – 08.23.2016

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

www.DinarUpdates.com

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 08-22-16

Currency Auctions Announcement No. 3264

This daily currency auction was held in the Central Bank of Iraq on the 08-22-2016

The results were as follows:

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

You may have to fight a battle more than once to win it. – Margaret Thatcher

*** Current News ***

Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”
Tues. 8/23 “After Call” – w/RCookie,
Mr White & Hutch

 from 8/16 – Smart phone user link – Click here

______________________________________________________________

BGG (Dinar Guru) –   [Tuesday looks like parliamentarian issues are over. Where do we turn our eyes to = next?]  Not exactly – but moving more and more that direction…  [Amnesty and J&A?]  I just don’t agree fully with the “all good – all done” mentality… getting MUCH closer – to be sure…AND it’s not impossible these last few Parliament issues are on a separate track altogether…as in parallel and not interfering with one another… once the IMF and UN has whatever it is they are requiring (and there is something there) they make the next move (we are looking for) toward economic reform…BTW – currency reform is just one more step in the development of Iraq into a global trade partner they are looking for…which they very much appear to be on a fast-track towards.

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

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite!

______________________________________________________________

Urgent: Dumping millions of leaflets and the Iraqi media to herald the end of Mosul Daesh

[Oan- Baghdad]  – Threw threw the air force planes millions of publications and media on the Iraqi ailing swimming areas and ] advice Mosul city center herald the end of the population Daesh terrorist gangs.

A statement by the cell media Harbi received by all of Iraq [where] a copy of it, that the publications “tell the citizens that Daesh gangs has ended and lived her last days and they prepare to welcome the hordes of liberation for the elimination of all these criminal terrorist gangs”.

Read More: http://www.dinarupdates.com/showthread.php?39354-Urgent-dumping-millions-of-leaflets-and-the-Iraqi-media-to-herald-the-end-of-Mosul-Da
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rcookie (Dinar Guru) –  THEY TASKED THEMSELVES AT BEGINNING OF 2015 …TO OVER THE COMING 24 MONTHS TO REDUCE THE AUCTIONS BY 75%…FROM JAN 1ST 2015 TO DEC 2015 THEY REDUCED BY 25%…FROM JAN 2016 TO JULY 2016 THEY REDUCED BY 24.9%…SO THEY HAVE ANOTHER 5 MONTHS AND ARE ON GOAL TO REACH THEIR 75% REDUCTION OVER 24 MONTHS…

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

Be sure to join the New Dinar Updates “private” FaceBook Group…

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

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

BGG (Dinar Guru) –   [Tuesday looks like parliamentarian issues are over. Where do we turn our eyes to = next?]  Not exactly – but moving more and more that direction…  [Amnesty and J&A?]  I just don’t agree fully with the “all good – all done” mentality… getting MUCH closer – to be sure…AND it’s not impossible these last few Parliament issues are on a separate track altogether…as in parallel and not interfering with one another… once the IMF and UN has whatever it is they are requiring (and there is something there) they make the next move (we are looking for) toward economic reform…BTW – currency reform is just one more step in the development of Iraq into a global trade partner they are looking for…which they very much appear to be on a fast-track towards.

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

Moves to reform the economic system

BAGHDAD – Muhannad Abdul Wahab – The Committee on the economy and investment representative, on Saturday, expressed its support for any project or proposal aims to increase the staff and the salaries of retired thoughtfully to coincide with the rise in oil prices, while showed that the increase in revenue supported the economic system in the country. Crude oil prices above $ 51 a barrel, on Friday, hitting the highest level in eight weeks by rising for the seventh straight session amid hopes that the producers agree on measures to support prices.

Senior agent for the oil ministry said earlier, Fayyad grace, that « the total production of oil for Iraq amounted to 4.7 million barrels per day, while exports amounted to 3.9 million barrels per day , a new record». He added in an interview with the grace I followed the «morning», that « the figures include all parts of Iraq , including Kurdistan, Kirkuk».

Efforts to reform the economic system

In a related development , said Chairman of the parliamentary Economic Committee Jawad al – Bolani, said that «Iraq is seeking to reform the economic system» , adding that «increase revenue supported the economic system, especially in light of the circumstances experienced by the country during the past two years».

Bolani In a statement to «morning» pointed out that «bonds launched by the government for compensation is extremely important process, which will help reduce pressure on the government and to left the pressures faced by the budget.»

He added that « the budget heavily indebted and there are approximately 4700 depends on certain financial abundance, which is for roads and health services project», calling for the state to »to take care of infrastructure projects of the country and if introduced new projects will have on the state money and trained staff which adds another burden on the budget in addition to the old burdens, so it must be subject to all incoming revenue to the government for study and planning ».

He Bolani, that « the increase of oil production will provide financial liquidity to complete stalled projects, which is one of the priorities of the government», adding that « the increase in employees ‘ salaries should be subject of study and planning for the stability of the real as an increase for employees and retirees and are planned and based on realistic signs, as the employees and retirees have rights to the state, so it is necessary to seek the planning and installation of developments in the process of production increases will benefit the employees and retirees ».

And that «it is necessary to increase interest in investments and facilitate mechanisms, especially as the country is governed Investment Law» noting that «increasing financial abundance will provide support for investment and bring global capital to Iraq.»

For his part , the researcher affairs strategic Rahim al – Shammari, told the «morning», a realistic view of the general situation of the state, in terms of approving the budget by the government in early, which will help to give ample time for deliberation and amendment with the House of Representatives, in order to start regardless operational and investment budgets on time, and that will not cause confusion in financial transactions in the country.

He predicted al – Shammari, said that « the increase in oil prices of recent days, came with the increase in production and export», returned those things b «excellent», to improve the financial situation of the state », Msttrda« but remain the reconstruction of areas affected by the problem of terrorism and the exchange of the armed forces which is locked war , two of the main problems in the country since the financial crisis ».

Support an increase in the salaries of employees and retirees

In turn, promised a member of the economic and investment commission parliamentary Nora Albjara, increase oil production to «good step», calling at the same competent authorities time to «a study and planning of a sober and consult experts, technicians and specialists to develop important scientific touches on the increase and that should be in the interest of the country ».

She said in a statement to «morning», that « the Commission supports any project or proposal submitted by the government to increase the salaries of employees and retirees and thoughtfully planned».

She Albjara, that « the budget submitted by the government confirmed on ensuring the rights of employees and retirees», noting that «deliberate increase oil production will help the country to overcome the obstacles they face».

Read More: http://www.dinarupdates.com/showthread.php?39306-Moves-to-reform-the-economic-system-8-20&p=159391#post159391

______________________________________________________________

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

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

DU NEWS RECAP by RCookie

SATURDAY AUGUST 21st, 2016

PARLIAMENT

PARLIAMENT LEGAL ASSERTS DRAFT AMNESTY LAW COVERS NOT ONLY IRAQI CITIZENS PRISONERS & CONVICTS…COALITION FORCES POLITICAL BLOC MP MASHHADANI STATES GENERAL AMNESTY WILL PASS A HEARING IN PARLIAMENT ON MONDAY AND BE PUT TO VOTE…NATIONAL ALLLIANCE MP ASSERTS ACCOUNTABILITY AND JUSTICE LAW WILL BE PRESENTED FOR VOTE ON TUESDAY 23RD AFTER ALL CONTENTIOUS ARTICLES AGREED UPON AND HAVING ALREADY RECEIVED ITS 2ND READING…IRAQI CABINET APPROVES 26 BILLION IQD ALLOCATION & DISBURSEMENT OF FUNDS FOR GENERAL SERVICES UPGRADE PROJECTS IN WASIT AND DIWANIYAH…PARLIAMENT LEGAL ASSERTS REDUCTION OF HOUSE MEMBERS DOES NOT REQUIRE CONSTITUTIONAL AMENDMENT…INTEGRITY REJECTS CRIMES OF CORRUPTION INCLUSION IN GENERAL AMNESTY LAW…ABADI SPOKESMAN SABRI ASSERTS THAT ABADI WILL RELEASE NAMES FOR REMAINING 3 CABINET POSITIONS IN THE NEAR TIMES…ABADI OFFICE SPOKESMAN ANNOUNCES THE ARRIVAL OF 21 INTERNATIONAL INVESTIGATORS TO BAGHDAD BY END OF AUGUST TO BEGIN INVESTIGATING FINANCIAL CORRUPTION FILES AS PART OF MoU WITH UNITED NATIONS AFTER SERIOUS EFFORTS BY POLITICAL BLOCS TO INTERCEPT THIS ACTION & INFLUENCING JUDICIARY AND INVESTIGATIVE ACTIONS TO QUESTION IMPORTANT FIGURES BY INTERNATIONAL EXPERTS 19 WESTERN 1 ARAB 1 JORDAN BEING GIVEN FULL ACCESS & FREEDOM RTO REVIEW RELEVANT DOCUMENTS OF THE CBI & FINANCIAL INSPECTORS OFFICE IN PURSUIT OF $361 BILLION IN MISSING STATE FUNDS FROM 2004-2014, AND COVERING ALLAWI, JAFAARI AND MALIKI REGIMES AND RELATED MINISTERS AND INCLUDE THOSE CURRENTLY RESIDING OUTSIDE OF COUNTRY…

SECURITY

30 ISIS ELEMENTS KILLED ON ALKRTAN REGION IN EASTERN RAMADI ISF AIR STRIKES…IRAQI ARMY JOINT SPECIAL FORCES DEMANDING MOSUL RESIDENTS NOT FLEE THE CITY….RUSSIA CALLS ON IRAQ TO SHUT DOWN AIRPORTS IN ERBIL & SULIMINAYAH SO TO CONDUCT MASSIVE ISIS OPERATION IN SRIA USING SURFACE TO AIR WEAPONS…45 ISIS ELEMENTS KILLED IN INT’L COALITION AIR RAIDS IN EASTERN MOSUL …UN CALLS FOR ALL PARTIES TO RESPECT ALL HUMAN RIGHTS IN MOSUL LIBERATION OPERATIONS…15 ISIS ELEMENTS KILLED IN ISLAND AREA EAST OF RAMADI…MINISTRY OF PEHMERGA DECLARES “OUR TROOPS WILL NOT FALL UNDER LEADERSHIP AND ORDERS OF THE FEDERAL GOVERNMENT”…19 LEADERS OF ISIS KILLED IN ISF AIR RAID IN MOSUL…INTERNATIONAL COALITION FORCES LAUNCH 28 SORTIES ON ISIS IN IRAQ AND SYRIA,,,ISF FORCES IN FINAL PREPARATION OF HUGE FIRESTORM AGAINST ISIS IN QARRAYAH…ISF AIR FORCES CONTINUE TO DROP MILLIONS OF LEAFLETS ON MOSUL & QARRAYAH…

GENERAL

NEW REPORTS THAT A MAJOR NEW OIL DEAL BETWEEN BAGHDAD AND ERBIL IS IMMINENT..NEW EDUCATION MINISTER ANNOUNCES PLANS TO UPGRADE UNIVERSITIES IN IRAQ….36 AIRLINE FLIGHTS AND 71 LAND USES DELIVERING PILGRIMS TO HOLY LAND THROUGH START OF 1ST WEEK CELEBRATIONS THROUGH ARAR BORDER POINT…REFORM FRONT SUBMITS REPORT THAT PRISONERS IN IRAQI JAILS COST GOVERNMENT $60 PER DAY…JABOURI VISITS TEHRAN TO MEET WITH SENIOR IRANIAN OFFICIALS AND FOREIGN MINISTER ZARIF TODAY TO DISCUSS SECURITY UPDATES BETWEEN GOVERNMENTS WITH ZARIF CONFIRMING IRAN’S POSITION TO STAND BY THE IRAQI GOVERNMENT…NEGOTIATIONS BETWEEN ANKARA & BAGHDAD STATE DEPARTMENTS TOWARD NEW INTELLIGENCE AND SECURITY COOPERATION…MINISTRY OF TRANSPORT KAZIM ANNOUNCE THE ESTABLISHMENT OF 1ST NATIONAL ACADEMY OF AVIATION IN IRAQ…IRANIAN FOREIGN MINISTER STATES “THE STABILITY OF IRAQ WILL ENSURE THE SECURITY OF THE REGION”…

BUSINESS/INVESTMENT/ECONOMY

GOLD AT 219,00 IQD TO THE WEIGHT…OIL AT $50.88…TRANSPORT MINISTER ASSERTS “WE WILL ENTER A STRONG INPUT TO SPEED UP THE ESTABLISHMENT OF THE PORT OF FAO” AND OPENING OF PROJECT OFFICE TO OVERSEE PROJECT PROGRESS…TAMIMI STATES NEED FOR BUDGET FUND ALLOCATIONS NEEDED TO RUN PARALLEL WITH PRIVATE SECTOR FUNDING FOR MARSHES DEVELOPMENT PROJECTS & SITE MANAGEMENT WITH MINISTRIES & STAKEHOLDERS AND COMMITTEE TO OVERSEE MARSHES PROJECT PLAN SUBMITTED…KIRKUK’S OIL EXPORTS UP TO 150,000 BARRELS PER DAY THIS WEEK…BASRA GENERAL COMPANY FOR IRON & STEEL GUARANTEE OF CONTRACTS FOR SUPPLYING 100 KM SPIRAL PIPING FOR PROVINCIAL OIL PROJECTS WITH THE COMPANY PRODUCTION NOW REACHING 200,000 TONNES PER YEAR… NORTH OIL RESUMES PUMPING 100,000 BARRELS OF OIL PER DAY TO CEYHAN PIPELINE IN TURKEY VIA KRG… SALEH SPEAKING ON 2017 BUDGET METRICS SOCIAL SPENDING TO BE A PRIORITY WITH 69% TOTAL SPENDING CAP & 32% OF INVESTMENT BUDGET FOR SERVICES WITH ASSISTANCE FROM IMF LOAN TO BE UTILIZED FOR HEALTH, EDUCATION, CARE FOR DISPLACED, SOCIAL CARE AND RATION CARD ESSENTIALS ALONG WITH ELECTRICITY, WATER AND SEWERAGE SERVICES PROJECTS…
______________________________________________________________

Indicative rates – 08.22.2016

http://www.cbi.iq/

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

www.DinarUpdates.com

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 08-21-16

Currency Auctions Announcement No. 3263

This daily currency auction was held in the Central Bank of Iraq on the 08-21-2016

The results were as follows:

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

Those who profess to favor freedom, and yet depreciate agitation, are men who want crops without plowing up the ground. – Frederick Douglass

*** Current News ***

______________________________________________________________

rcookie (Dinar Guru) –    […I would think to pay foreign contractors their would need to be some sort of rate established.]  THERE DOES…AND MORE IMPORTANTLY WHY THE IMF TASKED THEM TO OVERHAUL THEIR CREDIT REGISTRY AND RISK ASSESSMENT PROCESSES…NEED TO BE READY FOR THE INVESTMENT WHALES.

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

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/BGG (and Guest??) in the DU CHAT ROOM – Sunday 7:30pm EST

www.DinarUpdates.com – save as favorite!

______________________________________________________________

Urgent: Dumping millions of leaflets and the Iraqi media to herald the end of Mosul Daesh

[Oan- Baghdad]  – Threw threw the air force planes millions of publications and media on the Iraqi ailing swimming areas and ] advice Mosul city center herald the end of the population Daesh terrorist gangs.

A statement by the cell media Harbi received by all of Iraq [where] a copy of it, that the publications “tell the citizens that Daesh gangs has ended and lived her last days and they prepare to welcome the hordes of liberation for the elimination of all these criminal terrorist gangs”.

Read More: http://www.dinarupdates.com/showthread.php?39354-Urgent-dumping-millions-of-leaflets-and-the-Iraqi-media-to-herald-the-end-of-Mosul-Da
______________________________________________________________

BGG (Dinar Guru) –   [lots of news…just cant believe how much has been going on in Iraq!]  I can’t believe it either.  In fact, one has to wonder when that “tipping point” is…when so much is done, so much is accomplished, their economy is in such a state the “grossly undervalued” price of the Dinar is doing them considerable economic harm…there was a time the currency imbalance worked for them – however, I think they are nearing this place where they would like it to be “upped”…The flip side of Iraq wanting their currency “upped” – is they aren’t the ones with the ultimate say…which brings us back to the IMF/UN being in such critical advisory roles. Iraq’s GOI has BEEN ON FIRE to get their democracy righted since January… what changed? IMF/UN oversight… there has to be some carrot…

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

Be sure to join the New Dinar Updates “private” FaceBook Group…

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

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

Kaperoni (Dinar Guru) –   Article quote:  “…the US panel competent to combat financial intelligence department personnel discovered 300 banking company and money transfer and 6 suspicious Iraqi banks operate offense laundering financial aid, noting that the committee has reached Baghdad…”  IMO, time is of the essence to activate the banking system.  That being said, this committee is there to clean up the mess so reforms can proceed.

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

Moves to reform the economic system

BAGHDAD – Muhannad Abdul Wahab – The Committee on the economy and investment representative, on Saturday, expressed its support for any project or proposal aims to increase the staff and the salaries of retired thoughtfully to coincide with the rise in oil prices, while showed that the increase in revenue supported the economic system in the country. Crude oil prices above $ 51 a barrel, on Friday, hitting the highest level in eight weeks by rising for the seventh straight session amid hopes that the producers agree on measures to support prices.

Senior agent for the oil ministry said earlier, Fayyad grace, that « the total production of oil for Iraq amounted to 4.7 million barrels per day, while exports amounted to 3.9 million barrels per day , a new record». He added in an interview with the grace I followed the «morning», that « the figures include all parts of Iraq , including Kurdistan, Kirkuk».

Efforts to reform the economic system

In a related development , said Chairman of the parliamentary Economic Committee Jawad al – Bolani, said that «Iraq is seeking to reform the economic system» , adding that «increase revenue supported the economic system, especially in light of the circumstances experienced by the country during the past two years».

Bolani In a statement to «morning» pointed out that «bonds launched by the government for compensation is extremely important process, which will help reduce pressure on the government and to left the pressures faced by the budget.»

He added that « the budget heavily indebted and there are approximately 4700 depends on certain financial abundance, which is for roads and health services project», calling for the state to »to take care of infrastructure projects of the country and if introduced new projects will have on the state money and trained staff which adds another burden on the budget in addition to the old burdens, so it must be subject to all incoming revenue to the government for study and planning ».

He Bolani, that « the increase of oil production will provide financial liquidity to complete stalled projects, which is one of the priorities of the government», adding that « the increase in employees ‘ salaries should be subject of study and planning for the stability of the real as an increase for employees and retirees and are planned and based on realistic signs, as the employees and retirees have rights to the state, so it is necessary to seek the planning and installation of developments in the process of production increases will benefit the employees and retirees ».

And that «it is necessary to increase interest in investments and facilitate mechanisms, especially as the country is governed Investment Law» noting that «increasing financial abundance will provide support for investment and bring global capital to Iraq.»

For his part , the researcher affairs strategic Rahim al – Shammari, told the «morning», a realistic view of the general situation of the state, in terms of approving the budget by the government in early, which will help to give ample time for deliberation and amendment with the House of Representatives, in order to start regardless operational and investment budgets on time, and that will not cause confusion in financial transactions in the country.

He predicted al – Shammari, said that « the increase in oil prices of recent days, came with the increase in production and export», returned those things b «excellent», to improve the financial situation of the state », Msttrda« but remain the reconstruction of areas affected by the problem of terrorism and the exchange of the armed forces which is locked war , two of the main problems in the country since the financial crisis ».

Support an increase in the salaries of employees and retirees

In turn, promised a member of the economic and investment commission parliamentary Nora Albjara, increase oil production to «good step», calling at the same competent authorities time to «a study and planning of a sober and consult experts, technicians and specialists to develop important scientific touches on the increase and that should be in the interest of the country ».

She said in a statement to «morning», that « the Commission supports any project or proposal submitted by the government to increase the salaries of employees and retirees and thoughtfully planned».

She Albjara, that « the budget submitted by the government confirmed on ensuring the rights of employees and retirees», noting that «deliberate increase oil production will help the country to overcome the obstacles they face».

Read More: http://www.dinarupdates.com/showthread.php?39306-Moves-to-reform-the-economic-system-8-20&p=159391#post159391

______________________________________________________________

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

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

DU NEWS RECAP by RCookie

SATURDAY AUGUST 21st, 2016

PARLIAMENT

PARLIAMENT LEGAL ASSERTS DRAFT AMNESTY LAW COVERS NOT ONLY IRAQI CITIZENS PRISONERS & CONVICTS…COALITION FORCES POLITICAL BLOC MP MASHHADANI STATES GENERAL AMNESTY WILL PASS A HEARING IN PARLIAMENT ON MONDAY AND BE PUT TO VOTE…NATIONAL ALLLIANCE MP ASSERTS ACCOUNTABILITY AND JUSTICE LAW WILL BE PRESENTED FOR VOTE ON TUESDAY 23RD AFTER ALL CONTENTIOUS ARTICLES AGREED UPON AND HAVING ALREADY RECEIVED ITS 2ND READING…IRAQI CABINET APPROVES 26 BILLION IQD ALLOCATION & DISBURSEMENT OF FUNDS FOR GENERAL SERVICES UPGRADE PROJECTS IN WASIT AND DIWANIYAH…PARLIAMENT LEGAL ASSERTS REDUCTION OF HOUSE MEMBERS DOES NOT REQUIRE CONSTITUTIONAL AMENDMENT…INTEGRITY REJECTS CRIMES OF CORRUPTION INCLUSION IN GENERAL AMNESTY LAW…ABADI SPOKESMAN SABRI ASSERTS THAT ABADI WILL RELEASE NAMES FOR REMAINING 3 CABINET POSITIONS IN THE NEAR TIMES…ABADI OFFICE SPOKESMAN ANNOUNCES THE ARRIVAL OF 21 INTERNATIONAL INVESTIGATORS TO BAGHDAD BY END OF AUGUST TO BEGIN INVESTIGATING FINANCIAL CORRUPTION FILES AS PART OF MoU WITH UNITED NATIONS AFTER SERIOUS EFFORTS BY POLITICAL BLOCS TO INTERCEPT THIS ACTION & INFLUENCING JUDICIARY AND INVESTIGATIVE ACTIONS TO QUESTION IMPORTANT FIGURES BY INTERNATIONAL EXPERTS 19 WESTERN 1 ARAB 1 JORDAN BEING GIVEN FULL ACCESS & FREEDOM RTO REVIEW RELEVANT DOCUMENTS OF THE CBI & FINANCIAL INSPECTORS OFFICE IN PURSUIT OF $361 BILLION IN MISSING STATE FUNDS FROM 2004-2014, AND COVERING ALLAWI, JAFAARI AND MALIKI REGIMES AND RELATED MINISTERS AND INCLUDE THOSE CURRENTLY RESIDING OUTSIDE OF COUNTRY…

SECURITY

30 ISIS ELEMENTS KILLED ON ALKRTAN REGION IN EASTERN RAMADI ISF AIR STRIKES…IRAQI ARMY JOINT SPECIAL FORCES DEMANDING MOSUL RESIDENTS NOT FLEE THE CITY….RUSSIA CALLS ON IRAQ TO SHUT DOWN AIRPORTS IN ERBIL & SULIMINAYAH SO TO CONDUCT MASSIVE ISIS OPERATION IN SRIA USING SURFACE TO AIR WEAPONS…45 ISIS ELEMENTS KILLED IN INT’L COALITION AIR RAIDS IN EASTERN MOSUL …UN CALLS FOR ALL PARTIES TO RESPECT ALL HUMAN RIGHTS IN MOSUL LIBERATION OPERATIONS…15 ISIS ELEMENTS KILLED IN ISLAND AREA EAST OF RAMADI…MINISTRY OF PEHMERGA DECLARES “OUR TROOPS WILL NOT FALL UNDER LEADERSHIP AND ORDERS OF THE FEDERAL GOVERNMENT”…19 LEADERS OF ISIS KILLED IN ISF AIR RAID IN MOSUL…INTERNATIONAL COALITION FORCES LAUNCH 28 SORTIES ON ISIS IN IRAQ AND SYRIA,,,ISF FORCES IN FINAL PREPARATION OF HUGE FIRESTORM AGAINST ISIS IN QARRAYAH…ISF AIR FORCES CONTINUE TO DROP MILLIONS OF LEAFLETS ON MOSUL & QARRAYAH…

GENERAL

NEW REPORTS THAT A MAJOR NEW OIL DEAL BETWEEN BAGHDAD AND ERBIL IS IMMINENT..NEW EDUCATION MINISTER ANNOUNCES PLANS TO UPGRADE UNIVERSITIES IN IRAQ….36 AIRLINE FLIGHTS AND 71 LAND USES DELIVERING PILGRIMS TO HOLY LAND THROUGH START OF 1ST WEEK CELEBRATIONS THROUGH ARAR BORDER POINT…REFORM FRONT SUBMITS REPORT THAT PRISONERS IN IRAQI JAILS COST GOVERNMENT $60 PER DAY…JABOURI VISITS TEHRAN TO MEET WITH SENIOR IRANIAN OFFICIALS AND FOREIGN MINISTER ZARIF TODAY TO DISCUSS SECURITY UPDATES BETWEEN GOVERNMENTS WITH ZARIF CONFIRMING IRAN’S POSITION TO STAND BY THE IRAQI GOVERNMENT…NEGOTIATIONS BETWEEN ANKARA & BAGHDAD STATE DEPARTMENTS TOWARD NEW INTELLIGENCE AND SECURITY COOPERATION…MINISTRY OF TRANSPORT KAZIM ANNOUNCE THE ESTABLISHMENT OF 1ST NATIONAL ACADEMY OF AVIATION IN IRAQ…IRANIAN FOREIGN MINISTER STATES “THE STABILITY OF IRAQ WILL ENSURE THE SECURITY OF THE REGION”…

BUSINESS/INVESTMENT/ECONOMY

GOLD AT 219,00 IQD TO THE WEIGHT…OIL AT $50.88…TRANSPORT MINISTER ASSERTS “WE WILL ENTER A STRONG INPUT TO SPEED UP THE ESTABLISHMENT OF THE PORT OF FAO” AND OPENING OF PROJECT OFFICE TO OVERSEE PROJECT PROGRESS…TAMIMI STATES NEED FOR BUDGET FUND ALLOCATIONS NEEDED TO RUN PARALLEL WITH PRIVATE SECTOR FUNDING FOR MARSHES DEVELOPMENT PROJECTS & SITE MANAGEMENT WITH MINISTRIES & STAKEHOLDERS AND COMMITTEE TO OVERSEE MARSHES PROJECT PLAN SUBMITTED…KIRKUK’S OIL EXPORTS UP TO 150,000 BARRELS PER DAY THIS WEEK…BASRA GENERAL COMPANY FOR IRON & STEEL GUARANTEE OF CONTRACTS FOR SUPPLYING 100 KM SPIRAL PIPING FOR PROVINCIAL OIL PROJECTS WITH THE COMPANY PRODUCTION NOW REACHING 200,000 TONNES PER YEAR… NORTH OIL RESUMES PUMPING 100,000 BARRELS OF OIL PER DAY TO CEYHAN PIPELINE IN TURKEY VIA KRG… SALEH SPEAKING ON 2017 BUDGET METRICS SOCIAL SPENDING TO BE A PRIORITY WITH 69% TOTAL SPENDING CAP & 32% OF INVESTMENT BUDGET FOR SERVICES WITH ASSISTANCE FROM IMF LOAN TO BE UTILIZED FOR HEALTH, EDUCATION, CARE FOR DISPLACED, SOCIAL CARE AND RATION CARD ESSENTIALS ALONG WITH ELECTRICITY, WATER AND SEWERAGE SERVICES PROJECTS…
______________________________________________________________

http://www.cbi.iq/

Indicative rates – 08.21.2016

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

www.DinarUpdates.com

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 08-20-16

Currency Auctions Announcement No. 3262

This daily currency auction was held in the Central Bank of Iraq on the 08-18-2016

The results were as follows:

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

Freedom is the greatest generator of prosperity and happiness in human history. – Will Spencer

*** Current News ***

______________________________________________________________

BGG (Dinar Guru) –   [lots of news…just cant believe how much has been going on in Iraq!]  I can’t believe it either.  In fact, one has to wonder when that “tipping point” is…when so much is done, so much is accomplished, their economy is in such a state the “grossly undervalued” price of the Dinar is doing them considerable economic harm…there was a time the currency imbalance worked for them – however, I think they are nearing this place where they would like it to be “upped”…The flip side of Iraq wanting their currency “upped” – is they aren’t the ones with the ultimate say…which brings us back to the IMF/UN being in such critical advisory roles. Iraq’s GOI has BEEN ON FIRE to get their democracy righted since January… what changed? IMF/UN oversight… there has to be some carrot…

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

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/BGG (and Guest??) in the DU CHAT ROOM – Sunday 7:30pm EST

www.DinarUpdates.com – save as favorite!

______________________________________________________________

Abadi: a cabinet meeting today was attended by the new ministers

(Voice of Iraq) – Baghdad – Stressed the Prime Minister Haider al – Abadi, Tuesday, that the Council meeting which was held today was attended by the five new ministers, while attributed the assignment of collection in the field of electricity to the private sector to the “success” of the latter, he referred to Iraq ‘s need for fiscal and monetary policy intact to secure the country ‘s needs in the areas all.

Ebadi said during a press conference in Baghdad, said that “the cabinet meeting today was attended by the new ministers , ” noting that ” The Council discussed the Baghdad security system and the subject of the reluctance of hospitals achievement, where the approved instructions for completion.”

Abadi said that ” the private sector has proved successful on the ground and it Osndna his collection sector in the field of electricity,” pointing out that “we need to fiscal and monetary policy intact to ensure the needs of the country in all fields.”

And the voice of the House of Representatives, on Monday, at the Abdul – Razzaq al – Issa, Minister of Higher Education, and Hassan al – Janabi , water resources and Jabar Luaibi oil, and Kazem cup of Transport and Anne is useful for the reconstruction of housing, while voted to reject a candidate and the Ministry of Commerce Yousef al – Asadi.

Read More: http://www.dinarupdates.com/showthread.php?39067-Abadi-a-cabinet-meeting-today-was-attended-by-the-new-ministers

BGG ~ I know this piece is a couple of days old – but it CLEARLY shows a new move in the GOI.

______________________________________________________________

rcookie (Dinar Guru) –   Article:  “Parliament went to resolve points of contention in the Justice and Accountability Law Tuesday” A & J LAW VOTE ON TUESDAY [&] THE GENERAL AMNESTY LAW…LOOKS LIKE BOTH WILL BE VOTED ON TUESDAY THE 23RD..THE 2 BIGGEST LAWS OF NATIONAL UNITY & RECONCILIATION… 2 FOR THE PRICE OF 1 AND THEY ARE HUGE…VERY IMPORTANT.

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

Be sure to join the New Dinar Updates “private” FaceBook Group…

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

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

rcookie (Dinar Guru) –   ...IRAQ IS GOING TO HAVE AN INVESTMENT SERVICES COMPLEX TO ACCESS AND UNDERSTAND THE SERVICES OFFERED TO INVESTORS INCLUDING INTEGRATED SERVICES ACCESS TO GOV’T AGENCIES IN ONE PLACE…1 STOP SHOPPING AND INVESTOR SERVICES ACCESS!…THAT IS AWESOME!!

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

Iraqi delegation in Cairo to take advantage of the experience of the Egyptian Investment Authority

Visited by an official delegation of the Republic of Iraq, headed by Ali Yacoub head of the Investment Commission of Basra province, the Egyptian Investment Authority, within the World Bank’s program for the development of investment Iraqi governorate.

Chief Executive Officer of the General Authority for Investment and Free Zones Mohammed Khudair and accept Wednesday with an official delegation from Iraq, headed by Dr. Yacoub on the head of the Investment Commission of Basra province the current role of the body and the various sectors to attract more investments to the Egyptian market.

The Commission said in a statement Wednesday that the delegation’s visit comes within the framework of the World Bank’s program for the development of investment and promotion in Basra province.

And it comprises 22 officials from the World Bank and the National Commission of Iraq for Investment and the Investment Authority in Basra.

She explained that it was reviewing investment services automation systems Complex services of the body in order to provide the time and effort undecided investors to the sector.

The head of the visiting delegation allowed in the tour of the investment services complex to determine the nature of the services provided to investors, where the delegation listened to an explanation of the complex chairman Mustafa Ali about the mechanisms of action targeting mainly easier for investors to get integrated services Speaking brings together all government agencies that deal with investors in one place in order to improve the environment in which offers investment services.

Khudair said, “We are delighted to share experiences with our colleagues in the sister Republic of Iraq in order to support technical cooperation between the two countries.”

For his part, the head of the Iraqi delegation, “Come visit us today for Egypt within the World Bank’s program for the development of investment and promotion in Basra province, and we hope to identify the Egyptian experience to develop a mechanism of our labor.”

The representative of the World Bank, the bank’s quest for the transfer of expertise at the regional level between Egypt and Iraq in the presence of representatives of the private sector in Iraq, including some businessmen who have investments in Egypt and have previous experience in dealing with the Egyptian market.

The delegation also listened to a briefing by Dr. Iman Mansour, head of the center of the settlement of the dispute body on the procedures followed by the Center for the settlement of disputes between investors.

The visit of the Iraqi delegation to the Investment Authority in the framework of the memorandum of understanding signed in 2013 between the General Authority for Investment and National Investment Commission of the Republic of Iraq.

And The Board has trained nearly 488 Iraqis in the investment, insurance, stock exchange and capital market areas, and was greeted with a delegation of 18 representatives of government agencies and the National Commission for the Iraqi investment.

It should be noted that Iraq is ranked 25 in the list of countries investing in Egypt, where the number of Iraqi contributions to 3324 companies with a capital of Iraqi reach $ 492 million and employs 4015 workers and cover the activities of companies and industrial, agricultural and service and construction sectors.

Read More: http://www.dinarupdates.com/showthread.php?39134-Iraqi-delegation-in-Cairo-capitalize-advantage-experience-of-the-Egyptian-Invest-Auth&p=159133#post159133

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

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
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DU NEWS RECAP by RCookie

THURSDAY AUGUST 18TH, 2016

GENERAL

AUCTIONS END WEEK AT 141 MILLION….GOLD AT 221,000 IQD TO THE WEIGHT…INTERIOR ANNOUNCES THE ISSUANCE OF 316,000 NATIONAL CARDS IN ALL PROVINCES TO ALL CITIZENS 12 YEARS OLD & OLDER WITH ELECTRONIC APPLICATION & PROCESSING AND WILL STREAMLINE THE ENTIRE IRAQI SYSTEM BY MORE THAN 30 MILLION CARDS WITH NEW INTEGRATED NATIONAL CARD…SOME POLITICAL BLOCS ASSERTING RULE OF LAW TO BE RESPONSIBLE FOR DELAYS IN THE GENERAL AMNESTY LAW PASSAGE…PARLIAMENT IMMIGRATION ANNOUNCE NUMBER OF OFFICIALLY DISPLACED EXCEEDS 4 MILLION AND WILL RISE WITH MOSUL LIBERATION…JAFAARI RECEIVES CREDENTIALS OF NEW SRI LANKA AMBASSADOR…CBI ANNOUNCES 5 DAY AUCTION WINDOW ACCESS FOR PILGRIMS FROM 21ST TO 25TH WITH $3,000 CAP…ANBAR PROVINCE GOVERNATE ANNOUNCE DESTRUCTION OF 85 BRIDGES FROM TERRORISM OPERATIONS…CBI REVOKES LICENSE AND SHUTS DOWN “BROKERAGE COMPANY” BANK DUE TO GRAVE CBI INSTRUCTION VIOLATIONS IN FOREIGN CURRENCY WINDOW ACTIVITIES…BASRA CALLING FOR 50& OF OIL LICENSING CONTRACTS FOR TRAINING THE UNEMPLOYED…BANK MANAGER ARRESTED IN KIRKUK FOR STEALING 60 BILLION DINARS…SADR CALLS FOR PROTECTION & NON AGGRESSION OF HOMOSEXUALS…IRAQ & IRAN FORM COMMITTEES TO PROTECT THE COMMON BORDER…IRAQ NEAR TOP OF WORLD RANKINGS IN PHILANTHROPY DESPITE HARSH DOMESTIC CONDITIONS..,.IRAQI COURTS RECORD 4,100 DIVORCES AND 16,000 MARRIAGES OVER PAST MONTH…AMERI THREATENS TO WITHDRAWAL TROOPS ON ALL FRONTS IF BADR NOT AWARDED INTERIOR POSITION…

SECURITY

REPORTS OF PESHMERGA PREVENTING IRAQI FORCES FROM ENTERING CERTAIN DRUNKEN AREAS FOR PREPARATION MOSUL OFFENSIVE & HOLD A NUMBER OF IRAQI SOLDIERS…32 ISIS ELEMENTS KILLED AND 2 VILLAGES LIBERATED SOUTHWEST OF SABA REPORTS JOINT OPERATIONS COMMAND…INTERNATIONAL COALITION BOMBS 35 OIL TANKER VEHICLES NEAR QUARRAYAH…US WARPLANES BOMB 19 ISIS LOCATIONS IN SIRTE…IRAQI F-16 AIRCRAFT CARRY OUT BOMBINGS OVER HAWIJA…IRAQ RENEWS ITS CALLS FOR TURKEY TO REMOVE ITS TROOPS FROM NORTHERN MOSUL…DOZENS OF ISIS ELEMENTS KILLED IN ISF AIRSTRIKE ON BORDER TOWN WITH SYRIA IN NORTHERN IRAQ…US OFFICIALLY CALLS FOR PESHMERGA TO WORK UNDER ISF AUTHORITY FOR MOSUL LIBERATION OPERATIONS…ISF AIR FORCES RELEASE MILLIONS OF LEAFLETS OVER SHARQAT & QARRAYAH…ISIS EXECUTES 14 CIVILIANS BY DROWNING IN CAGES IN CENTRAL MOSUL…

PARLIAMENT

ZEBARI PRESENTS 2017 DRAFT BUDGET LAW TO COUNCIL OF MINISTERS $90 BILLION DOLLARS WITH OIL AT $35 AND 20% DEFICIT…OBEIDI BEGS POLITICAL BLOCS TO FOIL ANT ATTEMPTS PUT UP WITHDRAWAL OF CONFIDENCE AGAINST HIM…ABADI ANNOUNCES PLANS TO SUBMIT NAMES FOR INDEPENDENT BODIES TO PARLIAMENT…DEPUTY CHAIRMAN OF IRAQ ECONOMIC & INVESTMENT COMMITTEE HARTHI STATES AMENDMENT ACT NO.13 (2006) WILL CONTRIBUTE TO LOCAL INDUSTRY AND INCREASE REVENUES BT BROADENING THE TERMS & OPENNESS FOR THE INTERNATIONAL INVESTOR WHILE ASSURING FOREIGN INVESTMENT ENCOURAGES NATIONAL INDUSTRY YIELDING HIGHER QUALITY & MORE COMPETITIVE GOODS IN THE MARKET AND WORK TO OVERCOME DIFFICULTIES IN FRONT OF INVESTORS AND PROVIDE PROPER ENVIRONMENT ENSURING THEIR SUCCESS….MP BADRI REFORM FRONT THAT THERE ARE MINISTERS EXTORTED BY CORRUPT OFFICIALS TO PAY TO EJECT PRISONERS THROUGH CONTINUED OBSTRUCTION OF THE AMNESTY LAW…PARLIAMENT INTEGRITY NOURI WARNS ABADI OF QUESTIONING & ATTACHABLE TO MOD OBEIDI IN CASE HE REMAINS STICKING TO SUPPORT OF THE CORRUPT MINISTER…

INVESTMENT/ECONOMY/BUSINESS

OIL BREAKS $50 BARRIER AT $50.05…COMMERCE MINISTRY ANNOUNCE RELEASE OF FARMERS DUES FOR YEARS 2014 THROUGH 2016 FROM GENERAL COMPANY FOR GRAIN TRADE..MINISTER OF CONSTRUCTION HOUSING & PUBLIC WORKS OSEI ASSERTS THE DEVELOPMENT OF LIBERATED AREAS WILL DOMINATE THE ACTION PRIORITIES IN 2017 BUDGET…ANBAR GOVERNOR AL-RAWI ANNOUNCES THE COMPLETION OF FINAL STAGES OF AGREEMENT WITH CONSORTIUM OF US & KOREAN COMPANIES FOR LARGEST DEVELOPMENT PROJECT IN IRAQ TO BUILD A MODERN COMMERCIAL CITY OVER 10 YEARS STARTING 2017 SPANNING 40 MILLION SQUARE METERS CREATING MORE THAN 10,000 JOBS WITH PRIVATE SECTOR FUNDING & DEVELOPMENT PROJECTS 1ST PHASE 17,000 HOUSING UNITS, 2ND PHASE 28,000 HOUSING UNITS FOR 171,00 PEOPLE AND 3RD PHASE A 9 MILLION SQ METER LOGISTICS CENTER WHILE DECLARING ISIS GANG TERRORISM IS OF THE PAST AND “ANBAR’S FUTURE WILL ERASE THE TRAGEDIES OF TERRORISM” OFF OF RETURN VISIT TO US WITH OTHER IRAQI OFFICIALS TO DISCUSS INVESTMENT OPPORTUNITIES IN IRAQ…NEW OIL MINISTER LUAIBI ASSERTS IRAQ’S COMMITMENT TO INCREASE PRODUCTION GOALS WHILE CONTINUING TO WORK WITH OPEN ON QUOTAS & IRAQ’S 14% OPEC POSITION…ISX CLOSES UP 0.71% TO 566.38 UP 3.97 POINTS FROM WEDNESDAYS TRADING AGAIN DRIVEN BY BANKING SECTOR…OIL MINISTER ANNOUNCES INTENTION OF COMMITMENT TO PROVIDING NECESSARY OIL FOR ELECTRICAL GENERATING SYSTEMS TO MAINTAIN OUTPUT GOALS…

ARTICLE 1

Anbar governor reveals an agreement to build a modern, commercial city in Habbaniyah

Anbar governor revealed Suhaib al-Rawi, said Thursday, after returning from the United States, for the completion of the final stages of an agreement with a consortium of international companies from Korea and the United States to build a modern, commercial city in terms of investment Habbaniyah manner.

The governor said at a news conference in Baghdad, according to a statement, “Nur News” received a copy of it, that “Daesh gangs has become one of the past and the future of Anbar will erase the tragedy caused by terrorism,” stressing at the same time to “redouble efforts to restore stability and the reconstruction of liberated areas and organize the voluntary return of displaced people to their areas pan, and provide all the services to them. ”

And draws the narrator, as “sincere appreciation for all the efforts that have contributed in the liberation of the province, and provide corridors and safe havens for the displaced, actors and the efforts of the central government and the teams to maintain and volunteers and tribal community events, in restoring stability and services.”

The governor of Anbar province, “the continuation of domestic and international action in coordination with the central government, the security file and displaced persons and restore stability, and to overcome all the difficulties in front of the return of civilian life of the province, and to ensure its security and economic prosperity.”

Read More: http://www.dinarupdates.com/showthread.php?39187-Anbar-governor-reveals-an-agreement-to-build-a-modern-commercial-city-in-Habbaniyah&p=159201#post159201

ANOTHER CITY…THIS ONE A MODERN COMMERCIAL CITY IN ANBAR WITH A CONSORTIUM OF PRIVATE SECTOR COMPANIES FROM THE US AND SOUTH KOREA..

THE STATEMENTS IN THAT ARTICLE ARE PROFOUND AND SPEAK DIRECTLY TO THE LEVEL OF GLOBAL CONFIDENCE IN IRAQ’S ECONOMIC PRESENT & FUTURE….

ANBAR GOVERNOR AL-RAWI ANNOUNCES THE COMPLETION OF FINAL STAGES OF AGREEMENT WITH CONSORTIUM OF US & KOREAN COMPANIES FOR LARGEST DEVELOPMENT PROJECT IN IRAQ

TO BUILD A MODERN COMMERCIAL CITY OVER 10 YEARS STARTING 2017 SPANNING 40 MILLION SQUARE METERS (15.5 SQ MILES)CREATING MORE THAN 10,000 JOBS WITH PRIVATE SECTOR FUNDING & DEVELOPMENT PROJECTS 1ST PHASE 17,000 HOUSING UNITS, 2ND PHASE 28,000 HOUSING UNITS FOR 171,00 PEOPLE AND 3RD PHASE 9 MILLION SQ METER LOGISTICS CENTER WHILE DECLARING ISIS GANG TERRORISM IS OF THE PAST AND “ANBAR’S FUTURE WILL ERASE THE TRAGEDIES OF TERRORISM” OFF OF RETURN VISIT TO US WITH OTHER IRAQI OFFICIALS TO DISCUSS INVESTMENT OPPORTUNITIES IN IRAQ…

ARTICLE 2

Iraq claims at a rapid pace to restore confidence in the banking sector

Read More: http://www.dinarupdates.com/showthread.php?39170-Iraq-claims-at-a-rapid-pace-to-restore-confidence-in-the-banking-sector

SO HERE WE HAVE AN IRAQI BANKING SECTOR STATUS OVERVIEW BY NASIRI THAT OUTLINES IRAQ’S RAPID PACE OF RESTORING CONFIDENCE TO THE BANKING SECTOR THAT WILL PRE-DELIVER THE INTENDED RESULTS FROM THE 5 YEAR STRATEGY…HE IDENTIFIES ACTION TO INCREASE PROPORTION OF SAVINGS IN THE BANKS TO THE PROPORTION OF COMPACTNESS OUTSIDE THE BANKS AS SAVINGS 23% TO COMPACTNESS 77% IN ADDITION TO PRO-ACTIVE STRUCTURAL & TECHNICAL FOUNDATIONS…HE OUTLINES NEED TO REVIEW BANK PERFORMANCE THROUGH EVALUATION & RECLASSIFYING WEAK BANKS IN NEED OF CBI INTERVENTION…RESTRUCTURE & PROTECT INT’L COMPANIES AGAINST BANKRUPTCY & SUPPORT BANKS THAT HAVE BEEN IMPACTED BY ISIS ACTIVITIES…AS WELL AS FINDING ALTERNATIVES TO THE CURRENCY AUCTION WINDOWS & LEAVE THEM ENTIRELY…

STRESSES NEED TO STRENGTHEN CBI INITIATIVES FOR FUNDING SME’S & REVITALIZING THE ECONOMIC CYCLE…DIVERSIFYING BUDGET RESOURCES TO ACHIEVE BANKING REFORM IN ACCORDANCE WITH CBI 2016-2020 STRATEGY AND PRACTICES…

HE DEMANDS TO COMMISSION A SPECIALIZED NEUTRAL INTERNATIONAL FINANCIAL ANAYSIS TEAM TO ASSESS BANKING ADMINISTRATIVE & CREDIT EFFICIENCY WORKING OFF OF THE TEMPLATE OF 2013-14 US ASSESSMENT RESULTS TO WORK IN CONJUCTION WITH CBI CONTROLLED CENSORSHIP OF ELECTRONIIC FIELD & PROGRAMMER TEAMS THAT IDERNTIFY ERRORS & IRREGULARITIES & EXCESSES OF THE EXECUTIVE DEPARTMENTS AND POWER TO MAKE CORRECTIVE ACTIONS THAT ENSURE FUNDENTAL CHANGE OF APPROACH TO BANKING REFORM…

NASIRI ALSO TALKS ABOUT CBI DECISIONS CONCERNING CONTROLS OF NOMINATING MEMBERS OF BOARD & STAFF LEADERS AND THEIR FOCUS ON STAFF PROFESSIONAL COMPETANCIES…INTEGRITY FUNCTIONS…PERSONAL,COMMERCIAL & SPECIALIST EXPERTISE…

AND APPLICATION OF STRATEGIC OBJECTIVES TO ACHIEVE FINAL GOALS OF THE 5 YEAR PLAN…AS WELL AS 23 “SUB GOALS” TO ACHIEVE FINANCIAL STABILITY & CONSOLIDATION OF THE FINANCIAL SYSTEM INCLUDING INSTITUTIONAL AND STRUCTURAL SECTOR REFORM WHICH NOW SEES 8 BANKS WITH EXCESS OF 500 BILLION IQD TO ENHANCE LIQUIDITY AND RESPOND TO DEPOSITOR REQUESTS & NEEDS…

ALL BEING DONE IN ACCORDANCE WITH CoM & HOR CALLS FOR COMPREHENSIVE & FUNDAMENTAL CHANGES TO ACHIEVE FINANCIAL STABILITY AND ORGANIZATIONAL STRUCTURE TO ACTIVATE & INTEGRATE INTERNAL (DOMESTIC) & EXTERNAL (INTERNATIONAL) RELATIONSHIPS…

ARTICLE 3

Directed a parliamentary to overcome the obstacles to foreign investor

Deputy Chairman of the Committee of Economy & Investment Alnaabh, Harith al-Harthy, said Thursday that the World Bank loan will contribute to the development of local industry and increase revenue.

Harthi said in a statement that “the amendment Act No. {13} of {2006} ensures the investor economic areas wider in terms of work and openness to the country and local industry economy in order to be upgraded, especially that it was delayed for production and faded somewhat in the last period.”

He added that “foreign investment in the country will encourage the national industry through better put to the market, which creates a kind of competition, and thus will have positive returns on the economy,” pointing to “work to overcome the difficulties in front of investors and provide the right environment for them.”

He noted that “the World Bank, which was distributed at different rates on real estate and agriculture, investment banks loan it opening the doors of the local industry development projects open for those wishing to do so.”

He was a member of the parliamentary finance committee Haider al-Kaabi said a previous statement the {Euphrates News} “The World Bank loan granted to Iraq did not meet the actual need for a temporary solution to the crisis,” likely to “take advantage of the loan funds to meet the shortfall in salaries while the provision of the loan for the advancement of health and agricultural Balqtat and infrastructure.

The International Monetary Fund, and international partners, the World Bank had agreed to give Iraq a loan of {15} billion dollars.

Read More: http://www.dinarupdates.com/showthread.php?39194-Directed-a-parliamentary-to-overcome-the-obstacles-to-foreign-investor-8-18&p=159210#post159210

DEPUTY CHAIRMAN OF IRAQ ECONOMIC & INVESTMENT COMMITTEE HARTHI STATES AMENDMENT ACT NO.13 (2006) WILL CONTRIBUTE TO LOCAL INDUSTRY AND INCREASE REVENUES BY BROADENING THE TERMS & OPENESS FOR THE INTERNATIONAL INVESTOR …

WHILE ASSURING FOREIGN INVESTMENT ENCOURAGES NATIONAL INDUSTRY YIELDING HIGHER QUALITY & MORE COMPETITIVE GOODS IN THE MARKET…
AND WORK TO OVERCOME DIFFICULTIES IN FRON OF INVESTORS AND PROVIDE PROPER ENVIRONMENT ENSURING THEIR SUCCESS…

THAT IS THE INVESTMENT LAW NO. 13 (2006) THEY ARE TALKING ABOUT AMENDING FOLKS!!…
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Indicative rates – 08.20.2016

http://www.cbi.iq/

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