Washington plans to lift the ban on the entry of Iraqis
Baghdad / US President Donald Trump is heading to remove Iraq from the list of seven states that ban travel of its citizens to the United States, under pressure from the Ministries of Defense and Foreign Americas.
According to international media, citing US officials, the news confirms that Trump’s decision expected in the next few days on migration and travel, exclude Iraq from the list of banned countries on its citizens traveling to the United States.
Media leaks and confirmed that “it is expected that the US President issued through Thursday or Friday of this week’s decision to ban an executive Second travel to the United States after his decision to eliminate thwarted first by issuing numerous provisions to halt or suspend its implementation.
The news (Associated Press) all officials that “the four officials said the decision expected comes after pressure from the ministries of defense, foreign affairs,” noting that “the two ministries have urged the White House to reconsider the annexation of Iraq to the list because of his leading role in the war on organizing Daesh.”
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The secret of freedom lies in educating people, whereas the secret of tyranny is in keeping them ignorant. – Maximilien Robespierre
BGG (Dinar Guru) – [I just heard on Fox news that somebody felt it might take a year to get ice is out of Mozel.] They are HAMMERING AWAY at these guys RIGHT NOW. This won’t take a year…It won’t take a month…in fact, over the last several days, in spite of HEAVY FIGHTING, there are maps showing the Iraqi regulars holding nearly 20% of the last half of Mosul. Iraq is hitting ISIS in Syria – CUTTING OFF ROUTES of escape. This is a “TURKEY SHOOT” about to happen.
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After a break of 27 (years) Saudi Arabia is preparing to invest in Iraq
After a break of twenty-seven years, Saudi Arabia expressed their willingness to invest in Iraq during a visit by its foreign minister, Adel al-Jubeir to Baghdad last week. This desire met with greetings by members of the House of Representatives calling on all Arab countries, including Western and extend a helping hand to Iraq.
In this context, MP Nayef al-Shammari, a member of the House of Representatives, that “there is a large mass ratio sustained in Mosul city center, all the bridges and the University of Mosul, hospitals were completely destroyed and we want to have an attitude to the Arabs and the international community to the reconstruction of these areas.”
Foreign Relations Committee, in turn, praised the Saudi tight integration of political and economic relations initiative.
For his part, MP Abbas al-Bayati, a member of the Foreign Relations Committee, welcomed in any country that wants Alasttme, saying: “We welcome any country that wants to invest so it can not be for us to open up politically and economically abstain.”
Observers saw that the visit of the Saudi minister to Baghdad came at a time when Iraq needs a regional and international in its war against Daesh in terms of security cooperation and other assistance related to the economic aspect, the fact that the country is going through a severe economic crisis due to falling oil prices, which depends on it entirely.
Iraqi Dinar/Dollar auction 03-02-17 (most recent listing)
Currency Auctions Announcement No. 3393
This daily currency auction was held in the Central Bank of Iraq on the 03-02-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 36 |
| Number of remittance companies | 13 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 162,486,086 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 162,486,086 |
| Total offers for selling (US$) | —– |
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Kaperoni (Dinar Guru) – Article: “Commercial layer “parasitic” I run the Americans in Iraq and the balance of the bank continues to decline” Quote: “…the current value of the Iraqi dinar is not a real value but a value for the stability and the alternative is a monetary reserves because the government can not afford to float the currency politically.” IMO, they wouldn’t be talking about it, if it was not the plan. Soon we can hope the float will start.
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Parliamentary Finance’s “approach” to postpone the project to delete the zeros until further notice
BAGHDAD / .. Finance Committee in the House of Representatives announced the postponement of the project to delete the zeros that was planned years ago to apply until further notice.
She said a committee member from the Kurdistan Democratic Party Najiba Najib Ibrahim’s “approach” to the project to delete the zeros based but delayed until further notice.
And Izzat Ibrahim, the reasons for the postponement of the project to the security situation and the unwillingness of the relevant authorities to apply at the moment, but denied knowing in advance of starting the project.
BGG ~ I commented on this in the Chat Room (copied in the Chat Logs) tonite…
Regarding this article – this sounds much more like a commentary on what has happened in the past. What WAS PLANNED – then POSTPONED until further notice. Which is accurate.
However, they aren’t saying further notice isn’t tomorrow, next week or next month either.
In fact… it is a little weird this is coming out now – right near the end of Mosul… or in this “first part of 2017 time-frame” – why now??
What is she really trying to say?? What are we missing??
I think it’s obvious.
Why would they be “rehashing” a decision that was put off back in 2012 – right now??
Over a concept that is DIRECTLY germaine to their forward economic progress.
tlm724 (Dinar Guru) – Article: “The Ministry of Commerce held a conference last week that “trade policy and economic reform” with broad participation and the presence of specialists in the economy.” [What is your take on this… Quote: “…the current value of the Iraqi dinar is not a real value but a value for the stability and the alternative is a monetary reserves because the government can not afford to float the currency politically.”] I think when it says “the government can not afford to float the currency politically” they are right. Politically here is no Minister of Finance and the CBI governor is a Bozo, that is some serious instability if you ask me. We all know the dinar is grossly undervalued and the reserves are down because Iraq is just now graduating from the Economic’s 101 class. They are making great progress with the electronic system which is very encouraging. Without that piece of the puzzle we would have little hope! They need liquidity badly and the only way they are going to get peoples money is to make those deposit’s insured. That is what I am looking for next!
Read More: http://www.dinarupdates.com/observer/
Central Bank: the new currency of sale system to reduce the dollar exchange rate
Baghdad balances News – The Central Bank of Iraq, on Wednesday, for clarification on the decline in the dollar exchange rate against the Iraqi dinar, attributing the cause to the implementation of the new system applied to window selling foreign currency.
According to a statement of the bank received / balances News / copy of it, “Implementation of the new system, the application window to sell foreign currency in the bank led to a marked decline in the exchange rate of the dollar against the Iraqi dinar.”
He added: “Where the new system removed the middlemen and hackers by changing requirements and actions toward simplification and transparency in the sale of foreign currency window operations, as the new system provides for a window competition between banks on the basis of the extent of compliance with the rules to combat money laundering and terrorist financing.”
The bank, according to the statement, that “the new system’s success and cooperation with the Iraqi banks are encouraged to take additional measures that the legitimate demand for the dollar to cover, all the way to the target through the implementation of programs and new standards and rules check the clarity and transparency of these operations the price.”
The statement said, “This bank indicates that control of the exchange rates in light of the challenges of economic, financial and security situations are recorded monetary policy success in absorbing large shocks to Iraq, will have to improve oil prices and the elimination of al Daesh terrorist significant impact in supporting the country’s financial situation , thus relieving the pressure on monetary policy and to allow them the opportunity to achieve greater monetary stability to this country, “.anthy 29 / a 43
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The following .PDF is the review by RCookie of the IMF board’s publishing of Iraq’s SBA (excellent info) – He would have wanted you all to have it.. posting the whole .PDF was the only way to get it on here. Enjoy. BGG
Robert Cook CSW CSS CBP CST CTC
Iraq:
IMF EXECUTIVE BOARD COMPLETES FIRST REVIEW IRAQ’S STAND-BY ARRANGEMENT (45 pages…)
Vision that the economic recovery in the post-Iraqi dinar
Economy News / Baghdad … The CBI has issued a press statement in which he explained that the slight decline in the dollar against the Aldenarabraghi it causes Alryise PROCEDURES AND ORGANIZATIONAL new used to regulate the sale of Currency window and curtail the role of middlemen and speculators as well as the commitment of the private banks and their cooperation with the Central Bank of cushions and the role played by the Association of Banks He urged the Iraqi special departments of banks on the need to support the orientations of the central bank at the service of the national economy and harnessing the potential of the private banks in the central purpose of which is to work on the recovery of the Iraqi dinar and raise its value and cash Acharayah against the dollar Alammeraki.oho Mainsjm.
It is popular and economic street now and what is going on now of discussions and interactions of political, security and humanitarian in the Council of Ministers and the House of Representatives and stakeholders is the subject of liberalization of Mosul, and what are the visions and attitudes after the decisive victory and the liberation of all occupied lands and the impacts on the reality of Iraq for the time being it is how to bypass security, economic and financial its crisis afflicting more than two years because of falling oil prices on the world market and the costs of the war on terror. In addition, and this is important, the lack of an economic approach to economic and a clear strategy features and goals and not to involve the private sector in managing the economy and the weakness of support and assistance for his contribution to the diversification of non-oil budget resources and the transition to the economy of rent-seeking to Alantaaja.
That we’re interested in all of this is what are (the vision for economic reform after liberation and the expulsion of terrorism Nhayaa) in terms of coordination between the two policies, monetary and financial Alstrh on the market balance of cash and achieve the goal of recovery of the Iraqi dinar and its impact on economic reform and thus diversify the resources in the budget and take advantage of loans and grants and international aid in the reconstruction of cities liberated and activating and stimulating the banking and production and promote private sector to contribute with the government in the implementation of their plans as well as the rehabilitation of human resources in the removal of the effects of the war on terror and the fall in world oil prices and the suffering of the government and the people displaced from the crisis and optimization of variables and openness in the Arab and international relations towards Alrac after the certainty that he should get out of Iraq out of its crisis and economic security complex and the study of the reality of the Iraqi economy during the years (2014-2016) as well as a strategy and the vision of new economic economic reform for the next five years beyond the liberation of all occupied lands, and specifically for the years (2017-2021) taking into account expectations of higher oil prices during the second half of 2017 and see it to be a comprehensive vision of reform and financial Alaguensada next phase as follows:
1. Allocation of 50 percent of the assignments was to monitor the costs of the war on terrorism for the purposes of the reconstruction of liberated areas in addition to the allocations reconstruction fund allocated to international and grants for this purpose.
2. Establish a body or a large enterprise competent for financing small and medium enterprises and the formation of banking system of cooperation and coordination with them under the supervision of the Central Bank and the Association of Banks in collaboration with the Ministries of Planning and Development Cooperation, Agriculture, Industry and Finance to lay the foundations and operational mechanisms for application in the liberated provinces to achieve the goal of Youth Rehabilitation and especially graduates of them the sons of these provinces to establish small and medium-economic projects to convert them to the producers of the unemployed and turning them from hopeless to the researchers hope their contribution in building the national economy.
3. Allocation of funds from the International Monetary and banks and financial institutions will get Iraq for the next three years for the establishment of industrial zones and supporting the large contribution of the private sector and the agricultural projects of young graduates to diversify non-oil resources fund loans.
4. Reconsider the laws of the legislative environment governing the economic process, particularly investment banks and the central bank and stock market laws and registration of companies, including helping to lending operations tax and settling accounts and guarantees required from entrepreneurs and the mechanism for the payment of their dues.
5. Development and activation and implementation of the government’s plans in e-government applications and electronic pre-emptive censorship and that limit the operations of financial and administrative corruption.
6. Activation of the Council of Ministers’ decision to establish a deposit insurance company, which was the goal of its founding restore public confidence in the trust sector, the Iraqi banking and increase the savings rate among banks rather than compactness in their homes, and their impacts on the contribution of funds of citizens in sustainable development that is to urge and compel the government and private banks contribute to this company.
7. Restore the structural and institutional reconstruction of the economy development of the foundations and infrastructure for the management of the economy which is the Supreme Council for economic reform and approval of the draft law submitted three years ago and did not approve of the House of Representatives and the establishment of the National Provident Fund or the sovereign Provident Fund to pool resources in non-oil and oil surplus to the planned selling prices rates annual budgets as well as the establishment of the national Commission for decades, investment and trade and the withdrawal of all contractual powers vested in the ministries.
8. Establishment of the National Council for reconstruction instead of the current Housing Fund and the reconstruction of liberated cities and Daesh The feasibility study for all large investment projects and infrastructure projects submitted by the provinces and monitor its allocations and the reviewing and monitoring and evaluation.
9. Establishment of the National Center for Rehabilitation and distribution of human resources and specializes in the rehabilitation and training of graduates and deployed to rehabilitation centers and training of government and private pre-appointed central to the country’s ministries and private sector projects, according to the requirements of economic development plan and budget 10-founding of the National Center for Consulting and Strategic Studies to attract all the talent and expertise of Iraq at home and abroad for the purpose of providing the governmental institutions and the private sector leadership of the administrative and technical (Techno Hippocrates) to manage all state institutions without quotas and consensual.
| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1184.000 | 1182.000 |
| Euro | EUR | 1229.584 | 1228.969 |
| British pound | GBP | 1455.018 | 1454.290 |
| Canadian dollar | CAD | 881.083 | 880.643 |
| Swiss franc | CHF | 1150.073 | 1149.498 |
| Swedish krona | SEK | 129.489 | 129.425 |
| Norwegian krone | NOK | 136.601 | 136.532 |
| Danish krone | DKK | 165.398 | 165.315 |
| Japanese yen | JPY | —– | —– |
| Special Drawing Rights |
SDR | 1582.534 | 1581.743 |