Jabouri Announces project to employ thousands of unemployed in Iraq
The speaker said Salim Jabouri, Tuesday, a lawmaker for the Government to hire thousands of unemployed graduates and others in Iraq.
Al-jibouri said during a speech at the College of the University of Diyala and Mesopotamia vassal,/balance of news/that still provide us education machine thousands of graduates each year with no clear mechanism to accommodate these numbers and invest in supporting national development which accumulated huge numbers of unemployed who are getting every year. ”
He added, “while fewer jobs stuck with our idea of government job which is less profitable than free opportunities if it is to support and develop the private sector and make it more effective and contribute to the economic life”.
Jabouri emphasized, “it is necessary that we absorb a percentage of these numbers in private sectors and the employment process should be subject to legal control to provide justice in the distribution of these opportunities away from selectivity and favoritism and personal considerations.
He noted that “the time is right to put the draft State support private employment contracts from the private sector bears the costs for wages and other specified period ending with the Government operating under clear schedules coinciding with these opportunities provide Government expansion projects and degrees of deletion, replacement and other opportunities.
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The arrival of us troops launch biggest attack on ISIS in Anbar
Military sources said the arrival of additional us forces into military lion base in Anbar province.
Its proved that these forces will participate in the process of restoring control over areas about weraoh and the province is under the control of organizing terrorist ISIS, noting that us troops set off overland yesterday evening from base ‘ pristine ‘, arrived today to the lion’s eye base.
The sources added that the American forces are present in the eye of the lion and the Habbaniyah base in Eastern Ramadi since ISIS to preserve 2014, counselling and information task forces of Iraqi counterparts.
It was talked about joint preparations between the international coalition and Iraqi forces to launch a major attack to restore existing zones and anah weraoh.
BGG Article: “Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange rate has become 3 or 4 thousand, and perhaps more” Article quote: “On the prospects of floating Aldenarabraghi, similar to other countries in the region, Keywords said that it is Matrouh sealed now, and we are working on editing currency and not float, a large difference between the two” that is a BIG ARTICLE…there won’t be any FLOAT… (no float). PERIOD.
Read More: http://www.dinarupdates.com/observer/
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Rafidain announces its readiness to cooperate with investment companies to establish residential complexes
Rafidain Bank announced its readiness to cooperate with investment companies for the purpose of establishing housing complexes in the country and granting loans to citizens to buy housing units in those projects executed by them to contribute to solving the housing crisis.
The bank’s media office said in a statement that “the investment companies to provide all the requirements of the investment project, which is intended to establish housing units and then the disclosure of the project by the general administration of the bank and make sure that there is no sign of mortgage or a reservation on the project to any party.”
He pointed out that “the bank will allocate specific branches to grant loans to citizens to buy these housing units.”
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“Flash Cast LIVE” session Sunday w/BGG
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Anbar is looking to cooperate with the world’s best companies
Baghdad / morning
continuous movement by the Anbar Investment Commission and the branch of the Union of businessmen to maintain in order to choose the means of the reconstruction of the affected areas and the advancement of the family economy in areas liberated from the grip of terrorism {Aldaasha}. Mahdi Saleh Al Noman , Chairman of Al – Anbar Investment Commission said during the gathering body meeting of the businessmen union in the province , the need for concerted efforts by all sides poured efforts in Bodqp work after the editing stage, pointing to the importance of communicating with all the economic and professional activities in order to effectively contribute to the real and in the reconstruction.
Industrial sites
vice president of business Anbar branch of the Union of Ghazi Sami al between the need for rapid and hard work in the re – opening of roads and facilitate access to the destructive industrial sites in order to re – run to eliminate unemployment and revive the economic reality, pointing out that the process of reconstruction not done properly and promising without finding a new mechanism for mobility and facilitate the entry of vehicles and technicians to those industrial projects in coordination between government bodies in the province and the security authorities detent for the land and inventory that most looted deterring or destroyed by the evil forces of terrorism that cost their owners millions Atara .
Investment attraction
secretary general business Anbar branch of the Union of Mahmoud Mehdi Hassoun said that the branch of Union investment attraction for major international companies to work in the province plan was the first of the global 3RD.GROUP company expressed through its representative in the United Arab Emirates to contribute to the reconstruction in the province, in the areas of construction hospitals, roads, bridges , residential complexes , horizontal, universities and educational complexes, and noted that the Union in Anbar will direct calls for major Arab and international investment companies and through their representatives registered in our branch in order to come to the province and to provide technical and commercial bids Its
Reconstruction
so organized a technical meeting in Anbar province , the building included Eng Khalil Ismail Ali representative of the 3rd company group consultancy Engineering LLC 3G and Director of the projects registered in the United States and its branches in the United Arab Emirates and the Hashemite Kingdom of Jordan and Saudi Arabia and he stressed the importance of attracting the audience discreet international companies in order to contribute to the reconstruction and construction appraisers the role of the companies attending to contribute to the reconstruction of the province.
The company completed giant projects to calculate the US space agency NASA (NASA) according to the latest international standards in engineering consulting or construction and processing. The company also specializes in infrastructure, roads, bridges, hospitals , residential complexes, universities , horizontal industrial and urban areas.
World – class
member of the Baghdad Economic Forum Hadi Hndas stressed the importance of cooperation with specialized international companies for their role in the implementation of the quality of world – class projects and during the assignment periods fixed in the decision of the assignment.
He noted that such companies operate according to international controls and specializes in a particular area without the other and assume all responsibilities because executing projects represent a reputation around the world, which makes them implement projects to suit the need for Iraq.
He said Iraq ‘s dire need to cooperate with such companies at present, especially in the liberated areas.
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Resumption of oil exports from the repaired port of Basra
Military information cell said Tuesday, destroying the terrorist organization headquarters stations ISIS uses as fuel stations strike Army aviation in Mosul.
She said in a statement received cell/balance of news copy, CH4 plane March flight of the Army directed an air strike in Mosul’s Al-Ba’aj, destroying a site stores used by gangs of ISIS as a gas station to fuel their premises”.
The strike also resulted in the destruction of a site a caravan with fuel tanks used as a gas station to fill up at the same area.”.
Cell noted that “process intelligence cell information tmatastnada coming yaninoi/General Directorate of intelligence and security.”
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Planning: no project financing term completed
Economy news Baghdad:
The planning Ministry announced, Tuesday, that there is not completed within the term funding projects to develop the country’s infrastructure, adding that the interest rate to 6% term funding projects.
He said the planning Ministry spokesman Abdul Zahra Hindawi, for “economy”, “payment method projects with very few term due to the lack of clarity of the idea in foreign companies”, noting that “the provinces of Karbala and Babylon referred draft belonging to sewer and water to foreign companies.
“The interest rate set by the Ministry of planning 6% and be as per diem amount”, noting that “the Government term finance project in 2015.”
The Iraqi Government decided in 2015 to resort to financing projects interrupted by the financial crisis across the term financing by foreign and domestic firms and not exceed the amount of $5 billion.
Read More: http://www.dinarupdates.com/showthread.php?48267-Planning-no-project-financing-term-completed
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DayTrader, a News Researcher for DinarUpdates.com, recently had some interesting commentary.
Here are his thoughts:
Article 140 is much more complex than many realize. If you read Article 140 in the Iraq constitution, it refers to Article 58 of the Law of Administration for the State of Iraq for the Transitional Period that outlines all the steps that must be completed. This was a document constructed by Paul Bremmer to be used until a permanent constitution could be developed and ratified by Iraq. Article 58 states:
Article 58.
(A) The Iraqi Transitional Government, and especially the Iraqi Property Claims Commission and other relevant bodies, shall act expeditiously to take measures to remedy the injustice caused by the previous regime’s practices in altering the demographic character of certain regions, including Kirkuk, by deporting and expelling individuals from their places of residence, forcing migration in and out of the region, settling individuals alien to the region, depriving the inhabitants of work, and correcting nationality. To remedy this injustice, the Iraqi Transitional Government shall take the following steps:
(1) With regard to residents who were deported, expelled, or who emigrated; it shall, in accordance with the statute of the Iraqi Property Claims Commission and other measures within the law, within a reasonable period of time, restore the residents to their homes and property, or, where this is unfeasible, shall provide just compensation.
(2) With regard to the individuals newly introduced to specific regions and territories, it shall act in accordance with Article 10 of the Iraqi Property Claims Commission statute to ensure that such individuals may be resettled, may receive compensation from the state, may receive new land from the state near their residence in the governorate from which they came, or may receive compensation for the cost of moving to such areas.
(3) With regard to persons deprived of employment or other means of support in order to force migration out of their regions and territories, it shall promote new employment opportunities in the regions and territories.
(4) With regard to nationality correction, it shall repeal all relevant decrees and shall permit affected persons the right to determine their own national identity and ethnic affiliation free from coercion and duress.
(B) The previous regime also manipulated and changed administrative boundaries for political ends. The Presidency Council of the Iraqi Transitional Government shall make recommendations to the National Assembly on remedying these unjust changes in the permanent constitution. In the event the Presidency Council is unable to agree unanimously on a set of recommendations, it shall unanimously appoint a neutral arbitrator to examine the issue and make recommendations. In the event the Presidency Council is unable to agree on an arbitrator, it shall request the Secretary General of the United Nations to appoint a distinguished international person to be the arbitrator.
(C) The permanent resolution of disputed territories, including Kirkuk, shall be deferred until after these measures are completed, a fair and transparent census has been conducted and the permanent constitution has been ratified. This resolution shall be consistent with the principle of justice, taking into account the will of the people of those territories.
The challenge has always been how to implement the required changes. Those steps coupled with the fact that some of the people that Saddam Hussein forced out and those Sunnis that he brought in are no longer living. The resolution will have to involve their children, plus the process will also be challenged in identifying and finding all these families. This is not a quick fix. IMO that is why Abadi gave the responsibility to create an implementation plan to Barzani and the governor of the Kirkuk province. All of that said, I don’t believe that the implementation of Article 140 is tied to the revaluation of Iraq’s currency. I haven’t found any reference to Article 140 in any of the UN resolutions or SBA documents between the IMF, CBI and GOI.
Read more: http://www.dinarupdates.com/showthread.php?48133-Commentary-from-DayTrader
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Determine that the thing can and shall be done, and then we shall find the way.
ABRAHAM LINCOLN
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BGG (Dinar Guru) – [Do you think that the IMF meeting with the CBI and GOI this weekend could be the GO/No Go meeting for the Revalue of Iraq’s currency?] …IMHO it looks as if all these “talks” will happen first – THEN the Executive Board will decide and vote on, what to do. …the next few days are going to be very, very full of activity. Followed up by the IMF Executive Board. I’m saying – the end of April… up through about the 29th – is a VERY BUSY TIME for Iraq and the world financial overseers.
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Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars
Most of the Iraqi Central Bank steps are subject to political and legal environment of the country , especially in regard to the deletion of zeros that counted specialists in the earlier trend sensitive and dangerous may still be , but the central remains the most important institution in terms of the need to adjust the financial management in light of the financial crisis experienced by the the Iraqi economy, which must have to deal with dilemmas , whether with regard to the citizen or the work of the central bank itself.
Questions concerning important files posed (range) in this meeting , the director of the release and the Treasury in the Central Bank Aa’bas behind, and with being answered by briefly he pointed out the most important points that showed that the currency is good for circulation deposited Central has exceeded one billion and a quarter of a million dinars an amount that is not a little if they were compensated by the stored banknotes at the bank , as some believe, at the time between the printed currency size has exceeded the “11 billion and 600 million dinars, he urged citizens on the need not to keep large amounts in homes or buried in the ground , the fact that the process of replacing in the event expose Dt to burn or damage costs the central administrative and financial burdens, stressing that the counterfeit currency rate is still within the internationally accepted borders, with the central quest to carry out an information campaign to educate the public on how to distinguish between the original currency and Almzorh.oicol behind on a question about the possibility of having higher versions of a class (50000 ) dinars?
– No at present intention to issue a higher class category (50000) dinars.
* What about the subject of the deletion of zeros and the reason for the delay?
– the decision on the deletion of zeros cannot be taken in isolation from the political and legal environment in the country under conditions the security situation as a result of terrorist acts and exit from the provinces outside the control of the state for the years 2014, 2015, 2016 which prevents certainly to wait in the implementation of this project, in addition to that this must be done in coordination with all state departments and the private sector, where it should be followed by changing the paragraphs contained in the various laws, which include a reference to fines or lump – sum collection of fees, must also change the financial and statistical records in order to conform with the project process the deletion of zeros. On the other hand, the technical preparations are underway by us.
* How is the cost of the annual replacement and replacement of damaged currency?
– First , there is no substitution instead of a damaged annually, as the bank instead seeks to issue new papers for security specifications developed, so the cost is reduced in this way it is the cost of issuing new banknotes specifications better used at the same time damaged to the replacement of currency from the previous editions .
We seek to carry out an information campaign to distinguish between original and counterfeit currency
* How discovered the counterfeit currency of the size?
– The Central Bank of Iraq resorted to the use of machines to sophisticated counting and sorting which can detect counterfeit currency, in addition to banks guide using modern techniques in the currency examination, but the problem is not doing shopkeepers enough efforts to use the machines to check the currency, as the bank seeks to campaign media to sensitize the public on how to distinguish between the original currency and counterfeit currency by issuing a booklet definitions and (posters) for this purpose and will be distributed to banks in major shopping malls, and in all cases, the counterfeit currency rate is still within the internationally accepted borders , where even T ratio (0.000025) (Twenty – five million paper sheet).
* What currency damaged by fire or poor storage of citizens compensation mechanisms?
– While we hope the citizens do not keep large amounts in homes or buried in the ground, and to do instead in the deposit with the banks, as the replacement of the burnt currency process or damaged it costs the central bank financial burdens and administrative Colva unwarranted, however the bank is to receive citizens whose savings in Iraqi currency to fire accidents provided that they are documented by the civil Defense Department and be sourced from the project, either in terms of currency (buried) are sufficiency statement on the sources of these funds, and in this regard we call on citizens not to accept the mediation of any hand to Astb The Iraqi currency and that this bank does not receive any commission for its replacement.
We applied security methods with modern technology advanced counting and sorting currency
* What future plans for the central bank currency and print?
– Iraqi Central Bank seeks to keep pace with the evolution of printing currency and modern technologies both in currency printing or counting devices and sorting the currency where they are constantly adding new security features in addition to the acquisition of advanced machines counting and sorting currency, was dispensed with final counting and manual screening process.
* How much is the size of the torn currency and how much of the size of the printed currency?
– The number of banknotes unfit for circulation deposited with this bank (1,277,049,543) cash paper of various categories, where they are compensated from the stored banknotes have this bank, as the number of printed banknotes (11,615,265,154) cash paper of various categories.
Iraqi Dinar/Dollar auction 04-18-17 (most recent listing)
Currency Auctions Announcement No. 3425
This daily currency auction was held in the Central Bank of Iraq on the 04-18-2017
| DETAILS | NOTES |
| Number of banks | 37 |
| Number of remittance companies | 11 |
| Amount sold at auction price (US$) | 150,105,797 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 150,105,797 |
| Total offers for selling (US$) | —– |
The results were as follows:
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The following .PDF is the review by RCookie of the IMF board’s publishing of Iraq’s SBA (excellent info) – He would have wanted you all to have it.. posting the whole .PDF was the only way to get it on here. Enjoy. BGG
Robert Cook CSW CSS CBP CST CTC
Iraq:
IMF EXECUTIVE BOARD COMPLETES FIRST REVIEW IRAQ’S STAND-BY ARRANGEMENT (45 pages…)
| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1184.000 | 1182.000 |
| Euro | EUR | 1259.776 | 1259.146 |
| British pound | GBP | 1487.222 | 1486.479 |
| Canadian dollar | CAD | 889.223 | 888.778 |
| Swiss franc | CHF | 1179.635 | 1179.046 |
| Swedish krona | SEK | 131.616 | 131.550 |
| Norwegian krone | NOK | 138.399 | 138.329 |
| Danish krone | DKK | 169.404 | 169.320 |
| Japanese yen | JPY | 10.933 | 10.927 |
| Special Drawing Rights |
SDR | 1609.328 | 1608.524 |