Ja’afari called the strategic framework agreement activation between Baghdad and Washington.
Ibrahim Jaafari, Foreign Minister Saturday, to activate the strategic framework agreement signatory between Baghdad and Washington, stressing the need for concerted efforts by the international community and contribute to the reconstruction of underground infrastructure and the adoption of a project similar to the Marshall plan.
Jaafari’s Office said in a statement/balance of news copy, “the Foreign Minister Ibrahim Al-Jaafari, met us Special Envoy Donald Trump, the international coalition to fight ISIS Brett makghork, and his Entourage in Baghdad.”
The statement said, “the meeting was to review the overall security and political developments, and major victories which Kaha Iraq Yun in their war against gangs of ISIS, international efforts to strengthen security and stability in the region.”
And Iraq, “Jaafari said Yin all unite to defend Iraq’s sovereignty and eliminate terrorism”, stressing the need for “concerted efforts by the international community, and contribute to the reconstruction of underground infrastructure objects after the Elimination of terrorism, and the adoption of a project similar to the Marshall plan that helped rebuild Germany after World War II.
Called alhafri, to “activate the strategic framework Convention signatory between Baghdad and Washington as they have a significant impact on the open areas of mutual cooperation between the two countries.”
He continued, “that Iraq maintained bilateral relations with all countries in the world, and neighboring countries especially; based on sharing common interests and face common threats, and non-interference in internal affairs”.
For his part, makghork said, “Iraq’s continued support until the Elimination of terrorist gangs,” ISIS “Yon Iraq’s efforts in their war against terrorism, and diplomatic relations by opening Iraq objects with different countries of the world.”
Read more: http://www.dinarupdates.com/showthread.php?48355-Ja-afari-called-the-strategic-framework-agreement-activation-between-Baghdad-and-Wash
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“FaceBook LIVE” session from Friday w/BGG
Click here for Video Replay (4/21)
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Dinar Updates – “News Time” w/BGG & Company! April 23rd – 7:30pm CST – In the DU Chat Room!!
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Iraq and Serbia sign an agreement for the opening of air links between the two countries
The Transport Ministry announced on Friday the signing of an agreement with Serbia to open air links and give free visa between the two countries, indicating that it reinforced earlier Convention 1975 between Iraq and Yugoslavia.
The Ministry said in a statement “the economy news received a copy of it,” Transport Minister Kazim Cup Erythema signed an air service agreement with Serbian Deputy Prime Minister and Minister of construction and transport and infrastructure Zoran Mihajlovic, “stating that” the Convention will be given a chance to start organizing air traffic between the two countries. ”
Columbine statement as saying that “this agreement contains a number of important topics including open air links between Iraq and Serbia as well as granting visas to citizens of free countries,” he said, adding that “the Iraqi delegation discussed possibilities of expanding economic cooperation between Iraq and Serbia, there are great opportunities for cooperation between the two countries.”
And erythema, that “the Convention reinforced the earlier Convention signed in 1975 between Iraq and Yugoslavia,” pointing out that “Iraq is working on rehabilitation of infrastructure destroyed by terrorism, there is great potential for Serbian companies for some projects.
BGG (Dinar Guru) – [is the new rate inside the budget?] There is no “new rate” inside the budget…in fact, one of the recent interviews with a CBI official – all but said it wouldn’t happen that way…they did give us an actual list of what was required and in what order it should occur.
Read More: http://www.dinarupdates.com/observer/
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Central Bank: No distinction between foreign banks and Iraqi currency auction
Trend Press / Baghdad The Central Bank of Iraq denied the existence of a distinction between foreign and Iraqi banks in entering the window selling the currency “auction process”.
The director of the information office of the bank, Acer Jabbar got “Trend Press” a copy of it, “The branches of foreign banks operating in Iraq represents the main bank with all its capabilities, including capital and the Iraqi Central Bank’s demand for those branches need to provide” seventy billion dinars “What is Except operating capital and does not represent the entire capital of the Bank. ”
He added: “The entry into the window of selling foreign currency for banks operating in Iraq in general is on the criteria approved by the Central Bank of Iraq and international accounting companies are solid and available to all banks to see and therefore when some branches of foreign banks exceed these standards are excluded from entering the window either When matching the standards as is the case with all Iraqi banks will get their entitlement. ”
Jabbar denied “the existence of discrimination in dealing with the Central Bank of Iraq between banks operating in Iraq, whether foreign or Iraqi only on the basis of classification because they form part of the banking system of Iraq.”
He pointed out that “a number of Arab and foreign banks do not enter the window selling foreign currency in the first or intervention in limited quantities and the share of Iraqi banks still represent the largest proportion of sales of the dollar.
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Jubouri and al-Mutlaq discuss the upcoming settlements and improve confidence between the political parties
Search House Speaker Salim al – Jubouri, on Thursday, with the head of the National Dialogue Front Saleh al – Mutlaq, the upcoming political settlements and improve trust between the actors in the arena.
A statement by the Office of the al – Jubouri , I followed by all of Iraq [where] that “al – Jubouri and al – Mutlaq discussed in detail developments in the political situation in addition to the security file, as well as the political process and adjustments and anticipated measures to improve trust between the actors in the arena.”
The statement noted that ” the meeting touched on the progress of the legislative process and mechanisms to speed up the legislation of laws in addition to the conduct of military operations and the victories achieved by our heroine in the city of Mosul.”
He pointed to the need to seek convergence of views between the political blocs in order to achieve security and political stability in the country.”
Kurdistan Region: There is “strong” coordination between the Peshmerga and the Iraqi army
Baghdad / Sky Press: Kurdistan Region President Nechervan Barzani said on Thursday that there is a “strong” coordination between the Peshmerga forces and the Iraqi army, noting that the other areas between the center and the region have not witnessed serious dialogue, pointing out that the referendum is a natural right for the people of Kurdistan.
The Kurdistan Regional Government Presidency said in a statement received by “Sky Press”, a copy of it, “The President of the Kurdistan Regional Government, Nechirvan Barzani, met today, with German Foreign Minister Ziegmar Gabriel,” indicating that “Gabriel price of the people of the Kurdistan region and Peshmerga forces to resist and defend the principles Humanitarian and protection of various components of terrorist attacks. ” According to the statement, Gabrielle stressed “the continuation of German military and humanitarian support to the Kurdistan region and the development of bilateral relations between the two sides in various fields,” adding that “dialogue is the best way to resolve outstanding problems between Baghdad and Erbil.”
For his part, Barzani said that “there is strong coordination between the Peshmerga forces and the Iraqi army, but the other areas did not see a serious dialogue,” stressing the “importance of the participation of the international community in this area.”
Barzani added that “the referendum is a natural right for the people of Kurdistan to determine their fate.” He added that “the people and the Kurdistan Regional Government and the political parties do not believe in guaranteeing their rights in the future through the use of violence, but requires that through serious dialogue and the international community can help in this regard.”
The German Foreign Minister Zgkmar Gabrielle last night to Erbil and held a meeting with the President of the Kurdistan region Massoud Barzani.
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Crude oil rises amid optimism about a commitment to cut output
Trend Press / Agencies Oil prices rose in European trading on Thursday, rebounding from a six-week low amid optimism that OPEC will expand its current deal with non-OPEC members to cut output beyond June in an attempt to rebalance the market.
“We expect a global agreement to cut oil supplies to be extended beyond June, supported by greater compliance by non-Opec producers,” Reuters quoted Kuwait’s Oil Minister as saying.
In November last year, the Organization of Petroleum Exporting Countries (OPEC) and other producers, including Russia, agreed to cut production by 1.8 million bpd between January and June.
A joint committee of ministers of the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC members will meet in late April to make a recommendation on the fate of the treaty. The final decision on whether to extend the deal after June will be made by the oil organization on May 25.
London Brent crude for June delivery rose 38 cents, or 0.7 percent, to $ 53.31 a barrel, after falling $ 1.96 in the previous session.
Elsewhere, crude for June delivery rose 34 cents to $ 51.18 a barrel.
Oil has continued to rise in a familiar range since the beginning of the year amid concern that a continued recovery in US shale production and an increase in US inventories could hamper the efforts of other major producers to rebalance global supply and demand for oil.
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A Dinar Updates “FaceBook Live”!!
“LIVE Q&A with BGG”
From – Apr 7th
In the DU FaceBook Group!!
https://www.facebook.com/groups/571383766355188/
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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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Let us raise a standard to which the wise and honest can repair; the rest is in the hands of God.
George Washington
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tman23 (Dinar Guru) – Coincidental…? You all should be very interested and excited…chatter regarding 4/21 and launching or beginning of something new with in IMF etc…Then i read this…Newshound Guru Stryker Article: “Iraq resumes next Friday talks with the International Monetary Fund and the World Bank“. What makes this so interesting is that everyone is meeting in Washington after they already had 12 day meeting in Amman just last month. Then I saw Legarde in an interview…will be meeting Mnunchin for the first time…Wanna know the date of the meeting …GUESS! Friday…4/21. [post 1 of 2….stay tuned]
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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 04-20-17 (most recent listing)
Currency Auctions Announcement No. 3427
This daily currency auction was held in the Central Bank of Iraq on the 04-20-2017
| DETAILS | NOTES |
| Number of banks | 37 |
| Number of remittance companies | 11 |
| Amount sold at auction price (US$) | 168,067,601 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 168,067,601 |
| Total offers for selling (US$) | —– |
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 | 1269.840 | 1269.205 |
| British pound | GBP | 1520.197 | 1519.437 |
| Canadian dollar | CAD | 879.643 | 879.204 |
| Swiss franc | CHF | 1188.278 | 1187.684 |
| Swedish krona | SEK | 132.206 | 132.140 |
| Norwegian krone | NOK | 138.738 | 138.668 |
| Danish krone | DKK | 170.706 | 170.621 |
| Japanese yen | JPY | 10.907 | 10.902 |
| Special Drawing Rights |
SDR | 1615.982 | 1615.174 |