Baghdad Says U.S. Pledges Continued Support for Iraq’s War Against IS
BAGHDAD (Reuters) – U.S. Vice President Mike Pence on Saturday assured Iraqi Prime Minister Haider al-Abadi of continued U.S. support to defeat Islamic State, the Iraqi government said in a statement.
The two discussed the situation in Syria and the war on Islamic State in a phone call from Pence following Friday’s U.S. strikes on a Syrian airbase to punish a chemical attack that killed scores of civilians this week in an area held by the opposition to Syrian President Bashar al-Assad.
Pence “affirmed that U.S. policy in the region didn’t change, its priority is to defeat Daesh in Iraq and the region,” said a statement from Abadi’s office.
The Shi’ite-led Iraqi government issued a statement on Friday in reaction to the events in Syria reflecting a difficult balancing act between its alliance with the United States and with Shi’ite Iran, a key backer of Assad.The Iraqi statement condemned the chemical attack, without naming Assad, calling instead for an international investigation to identify the perpetrator.
The statement also criticized “the hasty interventions” that followed the chemical attack, in an apparent reference to the U.S. strikes.
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Oil prices exceeded $56. And Russia is considering extending production cuts
Oil futures prices climbed today more than two percent, reaching highs, after the United States fired dozens of rockets «cruise» air base in Syria, but stocks pared gains later in the absence of any immediate impact on supplies.Bush said it’s Donald Trump rocket strikes on Syrian air base originated a deadly attack with chemical weapons earlier this week, he works for the national security interest us» «in the face of Syrian President Bashar Al-Assad.
After a weak trading before the attack, he jumped the global measurement ore blend «Brent» in the lead futures contract to $56.08 a barrel, as traders that fast reaction, before reducing its gains to $55.62 a barrel to 1.3 percent remains high on the level of the previous close.And ascended the US WTI futures more than two percent also to $52.94 a barrel before reducing its gains to $52.46 per barrel increased 1.45 percent of the previous settlement.
The materials reached the highest levels since early March.Although Syria’s oil production is limited, but its location in the Middle East and alliances with senior producers raw raised fears about a widening conflict, disrupting crude shipments.
The strikes also affected global markets, us officials said that the army fired rockets 59 «cruise» Syrian air base controlled by Assad’s forces, in response to a poison gas attack occurred in an area controlled by the opposition.Meanwhile, the head of the company «novatk», the largest non-governmental company for gas production, Leonid mihkelson today, stability of oil company production, which does not include capacitors, this year.
He added that the total production of condensers in gas project «Yamal» LNG will reach 1.2 million tons, while bringing the project to the maximum power to produce liquefied natural gas in 2019.The Chairman of the company «srghot nftghaz», the third largest oil producer in Russia, Vladimir bogdanov, told Reuters, “agency that his company is committed to a global agreement to cut oil production is aimed at supporting crude prices.
The Organization of petroleum exporting countries (OPEC) oil producers agreed and 11 from abroad, led by Russia, in December, to reduce overall production by about 1.8 million barrels per day to reduce global inventory glut and price support.
Oil Minister Alexander Novak said that Russia will cut oil production by 200 thousand barrels per day by the end of the first quarter, and 300 thousand barrels per day by the end of this month. And noted today that it is premature to talk about a possible extension of the cut.
The Ministry’s meeting said he discussed with local oil producers and the Government the possibility of extending the agreement under which Russia pledged to reduce production of 300 thousand barrels per day.He said that the possibility of extending the agreement will clear by the end of this month or early May.
Read more: http://www.dinarupdates.com/showthread.php?48038-Oil-prices-exceeded-56-And-Russia-is-considering-extending-production-cuts
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Safe Zones As Soft Military Occupation: Trump’s Plan For Syria, Iraq Is Taking Shape
The Trump administration is moving closer to its goal of creating “safe zones” within Syria. Though this strategy may be described as a humanitarian effort, the sizable increase in military presence that it will bring looks more like an invasion in disguise.
Soon after his inauguration, President Trump stoked concerns regarding of U.S. intervention in Syria after announcing his plan to create so-called “safe zones” within Syria. At the time, Trump had ordered Secretary of State Rex Tillerson, along with Secretary of Defense James Mattis, to create a plan within 90 days to create such “zones” within Syria in order to allow refugees in the war-torn nation to “await firm settlement, such as repatriation or potential third-country resettlement.”
Trump stated that this approach was preferable to the strategy adopted by European Union nations that resulted in the controversial influx of millions of refugees from Syria and other countries. As analysts noted at the time, the move, despite its allegedly humanitarian motivations, risked sparking something much more grave: the escalation of U.S. military involvement in Syria, which would greatly heighten the risk of conflict between the US. and the Syrian government, along with its Russian allies.
Now, it appears that Tillerson and Mattis are quickly approaching the completion of their strategy for the establishment of Syrian “safe zones” after Tillerson recently confirmed the administration’s commitment to the measure in both Syria and Iraq at a summit held for a 68-member U.S.-led coalition that is targeting Daesh.
Though the details of the plan have yet to be released, many members of the coalition and members of previous U.S. presidential administrations have voiced their concerns that “safe zones” would be ineffective, concerns that Trump himself once echoed in criticizing Hillary Clinton’s advocacy for such zones in the 2016 election. For example, Portuguese Foreign Minister Augusto Santos Silva stated that his government was “never close to favoring this solution,” arguing that forcing refugees “to stay in their country when you cannot ensure that they won’t be attacked by some of the warring factions” fails to comply with international law.
Indeed, the U.S.-led coalition seems quite unqualified to oversee civilian safety, as bombing campaigns in recent months have claimed more innocent Syrian and Iraqi lives than military actions taken by Daesh or any other faction currently active in those countries.
In addition, tensions between coalition members and some U.S. allies in the region threaten even the feasibility of establishing the zones in the first place. Any plan to establish the zones would require cooperation with Russia and Syria, who are likely to oppose any such measure, as the zones would necessitate a massive increase in the U.S. military presence in Syria. Furthermore, the zones are set to be held by a still undetermined mix of Turkish, Kurdish and Western forces – an unlikely combination due to the often explosive antagonism between the Turks and the Kurds.
Brian McKeon, former undersecretary of defense for policy in the Obama-era Pentagon, echoed such concerns, stating that safe zones would be counter-productive in the fight against Daesh in an interview with Foreign Policy:
“A safe zone in theory assumes some agreement on the part of the Russians, Turks and possibly Syrians to yield sovereignty, or you don’t have agreement. The number of assets it would take to defend against potential attacks would likely be to the detriment of the counter-ISIL campaign.”
Safe Or Subterfuge? Zones Will Bring Large And Enduring Military Presence
Image result for safe zone syria
Considering that such “safe zones” will in no way guarantee safety of any kind and may be entirely impossible to implement due to Turkish-Kurdish tensions, the Trump administration’s commitment to such measures – along with other actions they have recently taken in the region – suggest that their real motivation is something else entirely.
Most telling of all is the fact that the debate over safe zones has coincided with the increased movement of U.S. troops and military assets into Syria and Iraq, such as the U.S.’ recent deployment of 2,500 soldiers to both Iraq and Syria. In addition, the U.S. government has signaled that these troops will remain in those nations long after Daesh is no longer deemed a threat.
For instance, hidden within the announcement of U.S. troop deployment in the Syrian city of Raqqa was the admission that the troops will be “required” to stabilize the region after Daesh’s defeat, as U.S. officials anticipate that “America’s allies” will need assistance in establishing “Syrian-led peacekeeping efforts” in the region for the foreseeable future. As for the forces to be deployed to Iraq, Tillerson confirmed that they would remain in Iraq after the defeat of Daesh in Mosul, despite his promise that no “nation-building” would take place afterwards.
Any additional forces deployed in Syria and Iraq for the establishment of “safe zones” would also ostensibly form part of an indefinite military presence within nations that have not authorized their operations within their borders – making these troop movements tantamount to an invasion. Moreover, the recent announcement from the Pentagon that they would no longer be publicly announcing subsequent troop deployments suggests that the U.S. government is seeking to obfuscate what is set to be a drastic increase in U.S. military presence in both Syria and Iraq – an increase set to spark geopolitical tensions in the region and beyond.
Ultimately, these safe zones – despite their humanitarian function – seem to be nothing more than an excuse to justify an increased U.S. military presence within Syrian and Iraqi borders – forces which, by the military’s own admission, have no intention of leaving anytime soon.
Watch A US armored convoy enter the city of Manbij, Syria:
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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
Content Link
Read more: http://www.dinarupdates.com/showthread.php?48012-Abadi-Iraq-is-improving-in-its-credit-rating
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The final proof of greatness lies in being able to endure criticism without resentment. – Elbert Hubbard
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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/
Eat Well – Lose Weight!!
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.
Read More: http://www.dinarupdates.com/observer/
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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 Treading News
Read more: http://www.dinarupdates.com/showthread.php?47994-Report-Is-Recovering-the-Iraqi-dinar
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 04-06-2017
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$) | 162,242,266 |
| Total offers for selling (US$) | —– |
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 |