Report .. Is Recovering the Iraqi dinar?
There is no doubt that the main driving force of economic growth in Iraq, is its natural resources, which is reflected in the large number of oil and gas fields, which have become open to international trade.
And investing companies from all over the world in the development of these resources, which is reflected in the increasing oil exports in the country. It seems that Iraq has fully recovered from the damage suffered in the time of Saddam Hussein’s regime.
And on further exploration of Iraq’s oil reserves by international companies that are supposed to lead to a major increase in oil wealth, as well as known reserves in Iraq, it seems the country in spite of all these features have to form a geologist could reach the summit of wealth, unlike countries that spend a lot of money drilling, and this leads having to pay exorbitant costs for the extraction of oil.
A good example of this, the advantages of Iraqi production. The country produces oil, despite the ongoing war in which, unlike Saudi Arabia, which it wants to increase spending to avoid bankruptcy of shale oil production. While oil producers have been affected in the United States because of an attack on Saudi Arabia over Yemen, Iraq still continues its production and sale of oil profitably.
The value of the country’s economy as well as its currency, directly reflected in its natural resources, oil Valahtaatat large Iraqi, enough to push the young democratic economy to prosperity. Given that there is a need for oil, it is indispensable for gas all over the world. The Iraq can look forward to the continued growth through the growing role of the public oil supplier.
Although Iraq was not previously economically exists, but it has become clear and increasingly present a strong regional role given natural Mahmyate. In fact, Iraq’s oil minister said recently that Iraq will produce 5 million barrels per day in the second half of the year 2017.
With the economic boom led by the oil industry in Iraq, the national currency will rise eventually to reflect the true value of the oil indispensability of the country. It is likely to happen up when the central bank raises the value of the dinar.
In addition, the current political events play a key role in predicting the future of the national currency, and the “ban” on the Islamic countries, provoked by the US President, would have significant consequences for the Iraqi economy.
The decision proved Trump by lifting the ban Iraq from the list of travel to the United States, a great benefit to the country’s currency for other foreign currencies Iraqis exchanged more advantageous prices.
In any case, it seems the Iraqi dinar waiting for a bright future, in the end it is important to note that Iraq offers a wealth of investment opportunities in many industries with high-based oil and gas reserves of the economy.
These opportunities will become more pronounced in the coming years, as the government will continue to provide new possibilities for international investors.
Source: Online Treadeng News
Translation and News
Read more: http://www.dinarupdates.com/showthread.php?47994-Report-Is-Recovering-the-Iraqi-dinar
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Security expert: Full victory achieved in Mosul and the treatment of sleeper cells
Security expert: Full victory achieved in Mosul and the treatment of sleeper cells
(Baghdad: Al-Furat News) said security expert Amir Saadi, on Wednesday, that victory is fully achieved in the city of Mosul, although there are neighborhoods have not resolved their liberation.
“Al-Saadi told the Euphrates News that” victory is fully achieved in the city of Mosul, although some neighborhoods are not liberated, but the decisive victory has been achieved, “noting that” a change calling the name of the neighborhood July 17 to the neighborhood of stability shows me a significant decline, Which declares the victory of the armed forces. ”
“It is only a few days before the announcement of victory,” he said.
On the security situation in the city of Tikrit, the center of the province of Salah al-Din, said Saadi, “The focus of anarchism focused on the targeting of security and stability, and try to stabilize the ground and obtain a military victory, and today exploits some pockets in the left-hand area of the province of Sharqat, But there are areas that can infiltrate from them are urging. ”
The security expert stressed the need to “address sleeper cells waiting for zero hour to carry out terrorist operations.”
The city of Tikrit on Tuesday evening, two suicide bombings in the city center resulted in the deaths of more than 31 people and wounding dozens, while the security forces killed the remaining terrorists who infiltrated into the city.
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Abadi: Iraq is improving in its credit rating
Independent Iraqi News Agency – Baghdad Prime Minister Haider Abadi said that Iraq has improved its credit rating.
Abadi promised this improvement “despite the drop in oil prices and the low revenues as a success in itself.”
“There is an improvement in the low-income government agreement for low-income people, offset by a reduction in spending for high-income earners
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Nineveh Council reveals “government projects” after the liberation of Mosul
Baghdad / .. Revealed the Nineveh Provincial Council, on Thursday, the federal government’s political, security, service and other projects for the post-liberation of the province of the organization calling the terrorist.
Council member Hossam Alabbar told “Iraq News” that “the federal government a number of political and security projects and services after the liberation of Mosul, and the most important of these projects the return of displaced persons to their areas, and the impact of their return to the security situation in the province,” noting that “the government Also important service projects for the reconstruction of areas destroyed by military operations, as well as the provision of basic services to the people.
Al-Abbar added that “the most important projects of the political government is not to divide Nineveh and the establishment of provinces as well as stand against all those who want to spread sedition and rumor among the Muslinin after the liberation of their province,” adding that “the federal government promised that Nineveh will participate in the upcoming parliamentary elections, With the parliamentary, so that Nineveh can participate in it, it can not participate in local elections. ”
The joint Iraqi forces are engaged in large-scale military operations to restore the city of Mosul from the organization of “Daash”, while the commander-in-chief of the armed forces Haider Abadi, on February 19, 2017, the launch of a new page of operations “coming to Nineveh” to liberate the right side of the city.
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Rasheed Bank directs its branches open documentary credits to public and private sector companies.
In General Manager Rasheed Bank, Rashad khudair, branches to expand open documentary credits to public and private companies.
Lone said a statement to inform the Bank received {Euphrates news} copy of it, that process the most effective means for settling international sales operations so as to ensure the seller receiving the goods and the buyer received the goods and by correspondent banks to Rasheed Bank abroad in accordance with the rules. ”
He noted that “the sums converted at the official exchange rate set by the Central Bank of Iraq”.
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BGG (Dinar Guru) – When we talk about the price tag the IMF and the UN have put on Mosul…one has to wonder exactly what leverage the UN has in this game… It is clear what say the IMF has – they are the IMF… but the UN, on the other hand, not so clear…unless viewed through this narrow window. I doubt the UN will allow Iraq an immediate exit from Chapter 7 – the sanctions, yes… the protection… I just doubt it. What does this mean for us? As long as they are doing as the IMF and UN have laid out for them – no reason the IMF and the UN won’t support a return “international acceptance and integration”…and that is all any of us care about. [what has to happen for them to get out of chapter 7] A better question – and the one we all really want to know is… do they even have to be fully out of Chapter 7? My guess. No – they do not…
Read More: http://www.dinarupdates.com/observer/
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1bobby (Dinar Guru) – …if we look at CH 7, the 2 big ones that were given back to Iraq were the right to defend themselves and control of their currency. Having the U.N announce the removal of CH 7 to the world is what Abadi’s looking for.
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Abadi: Anti – terrorism apparatus has become the first force in the Middle East
Twilight News / Iraqi Prime Minister General Commander of the Armed Forces Haider al-Abadi / said on Saturday that the anti-terrorism apparatus of the Iraqi army has become the first force in the Middle East.
This came during his visit to the headquarters of the anti-terrorism system, which includes the elite forces have received training at the hands of the US military, which serves as the head of the spear in the ongoing military campaign to expel Daesh from Mosul.
A statement by the Office of the Abadi responded to Twilight News, he said that al-Abadi met with officers and the ranks of anti-terrorism apparatus, and praised “their role in the fight against terrorism and achieve victories on Daesh,” asserting that “the device has become the first force in the Middle East.”
He said the Prime Minister that “the heroes of anti-terrorism apparatus have two characteristics different in that one Ataatovr in any army of the world’s ferocity and strength in the fighting and humanitarian sympathy on civilians.”
He continued Abadi, saying, “We will not contain the Aldoaash we will not allow their survival in Iraq.”
Iraqi Dinar/Dollar auction 04-06-17 (most recent listing)
Currency Auctions Announcement No. 3417
This daily currency auction was held in the Central Bank of Iraq on the 04-02-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 33 |
| Number of remittance companies | 11 |
| Auction price selling dinar / US$ | —– |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 162,242,266 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 159,376,527 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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The following .PDF is the review by RCookie of the IMF board’s publishing of Iraq’s SBA (excellent info) – He would have wanted you all to have it.. posting the whole .PDF was the only way to get it on here. Enjoy. BGG
Robert Cook CSW CSS CBP CST CTC
Iraq:
IMF EXECUTIVE BOARD COMPLETES FIRST REVIEW IRAQ’S STAND-BY ARRANGEMENT (45 pages…)
| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1184.000 | 1182.000 |
| Euro | EUR | 1264.275 | 1263.643 |
| British pound | GBP | 1477.454 | 1476.716 |
| Canadian dollar | CAD | 881.346 | 880.905 |
| Swiss franc | CHF | 1180.459 | 1179.868 |
| Swedish krona | SEK | 131.901 | 131.835 |
| Norwegian krone | NOK | 137.923 | 137.854 |
| Danish krone | DKK | 170.034 | 169.949 |
| Japanese yen | JPY | 10.687 | 10.682 |
| Special Drawing Rights |
SDR | 1607.327 | 1606.524 |