Dinar Daily NEWS Blog – May 12th

Kaperoni (Dinar Guru) –    Article:  “ATMs for MasterCard card users”  Quote:  “The Ministry of Communications coordinated the establishment of ATM for users of the card (master card) through its outlets in post offices in Baghdad and the provinces.”   IMO, these types are articles only tell us currency reform is coming sooner than later.
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Abadi discusses with US Central Command Mosul operations

BAGHDAD (Reuters) – Prime Minister Haider al-Abadi on Thursday discussed with the commander of the US Central Central Command the process of liberating the city of Mosul.

A statement issued by the Prime Minister’s Office said that Abbadi received in his office Thursday the commander of the Central American Central Command General Joseph Fotil and his accompanying delegation. During the meeting, they discussed the progress of the liberation of Mosul and the victories achieved and the arming and training of our armed forces. To the situation in the region. ”

General Voetel reiterated his country’s support for Iraq in the fight against terrorism, praising “the progress and development of Iraqi forces and the achievement of victories over terrorist gangs.”

Read more: http://www.dinarupdates.com/showthread.php?49066-Abadi-discusses-with-US-Central-Command-Mosul-operations
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Security forces foil IS attack on military checkpoint in Hama, destroy vehicles in Wadi Uzaib

Hama (SyriaNews.media) Syrian Arab Army forces, on Wednesday, destroyed two vehicles belonging to the Islamic State group in Wadi al-Uzaib area, while foiled an attack on military checkpoints, in eastern Hama, a source told the Syrian News Agency.

The source said that an army battalion engaged in clashes with the Islamic State militants that attacked military checkpoints, in Salmeya area, in eastern Hama.

Security forces managed to foil the attack, after killing several terrorists of the Islamic State and destroying their armed vehicles, the source added.

Meanwhile, army forces also destroyed two vehicles, including an armed one, belonging to the terrorist group, in Wadi al-Uzaib area, east of Salmeya City.

Read more:  http://www.dinarupdates.com/showthread.php?49048-Security-forces-foil-IS-attack-on-military-checkpoint-in-Hama

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U.S. to arm Syrian Kurds fighting Islamic State, despite Turkey’s ire

(Reuters) Despite fierce opposition from NATO ally Turkey, U.S. President Donald Trump has approved supplying arms to Kurdish YPG fighters to support an operation to retake the Syrian city of Raqqa from Islamic State, U.S. officials said on Tuesday.

Ankara views the Kurdish YPG militia, fighting within a larger U.S.-backed coalition, as the Syrian extension of the Kurdish PKK militant group, which has fought an insurgency in southeastern Turkey since 1984.

There was no immediate reaction from Turkey, whose president, Tayyip Erdogan, is expected to meet Trump in Washington next week.
The Pentagon immediately sought to stress that it saw arming the Kurdish forces “as necessary to ensure a clear victory” in Raqqa, Islamic State’s de facto capital in Syria and a hub for planning the group’s attacks against the West.

“We are keenly aware of the security concerns of our coalition partner Turkey,” Pentagon spokeswoman Dana White said in a statement as she traveled in Lithuania with defense secretary Jim Mattis.

“We want to reassure the people and government of Turkey that the U.S. is committed to preventing additional security risks and protecting our NATO ally,” White said.
The United States has long directly supplied arms to the Arab components of the so-called Syrian Democratic Forces, which include YPG fighters. White said Washington would still prioritize supplying those Arab fighters within the SDF.

One U.S. official, speaking on condition of anonymity, said the equipment for the Kurdish fighters could include small arms, ammunition, machine guns, armored vehicles and engineering equipment.

Equipment provided to the SDF would be limited, specific to a mission and provided “incrementally as objectives are reached” White said.

STRAIN ON ALLIANCE

The U.S. alliance with Turkey has proven decisive in the battle against Islamic State in Syria, providing the coalition with access to Turkey’s Incirlik air base to wage strikes against the militants, officials say.

Mattis, speaking before the announcement to reporters in Denmark and after talks with coalition members, sounded upbeat about working through tensions with Ankara.
“Our intent is to work with the Turks, alongside one another, to take Raqqa down, and we’re going to sort it out and we’ll figure out how we’re going to do it,” Mattis said.
Mattis called Turkish Defense Minister Fikri Isik on Tuesday, the Pentagon said. It was unclear how Isik responded but the Pentagon said that both “affirmed their support for peace and stability in both Iraq and Syria.”

The decision to arm the Syrian Kurds will likely cast a shadow over Erdogan’s visit to Washington, policy experts said.

“There have been bad episodes in the relationship between the United States and Turkey, but this one is serious because it gets to the heart of Turkish security priorities,” said Bulent Aliriza, director of the Turkey project at the Center for Strategic and International Studies in Washington.

“You’ve now got a question mark over the U.S.-Turkish security relationship that is pretty serious,” Aliriza said.

Ankara had long argued that Washington should switch support for the planned assault on Raqqa from the Kurdish YPG militia to Syrian rebels Turkey has trained and led against Islamic State for the past year.

But the U.S. administration was skeptical that the Turkish-backed force was large enough or sufficiently trained.

White appeared to allude to that conclusion when she said: “The SDF, partnered with enabling support from U.S. and coalition forces, are the only force on the ground that can successfully seize Raqqa in the near future.”

Saleh Muslim, co-chair of the Syrian Kurdish PYD party, the YPG’s political affiliate, said the U.S. decision was expected.

“The Raqqa campaign is running in parallel with the international coalition against terrorism. It’s natural that they would provide weapons” to the SDF and the armed groups fighting as part of it, Muslim said.

In a sign of recent tensions, Turkish warplanes carried out air strikes against Kurdish YPG fighters in northeastern Syria and Iraq’s Sinjar region late last month, killing less than 30 fighters, according to one estimate.

The United States has played down Turkish accusations of links between the YPG and PKK. Ankara believes the YPG’s advances will fuel anti-Kurdish sentiment in predominantly Arab parts of Syria such as Raqqa, and threaten Syria’s territorial integrity.

Read more: http://www.dinarupdates.com/showthread.php?49052-Middle-East-U-S-to-arm-Syrian-Kurds-fighting-Islamic-State-despite-Turkey%92s-ire

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WATCH: Peshmerga win support from US Congress

Tanks belonging to the Kurdistan Region Peshmerga. (Photo: Archive)
Tag : United States Peshmerga US Congress Tom Cole John Carter

WASHINGTON DC, United States (Kurdistan24) – In interviews with Kurdistan24, two Republican Congressman spoke very highly of the Peshmerga.

The role the Peshmerga have played in fighting the Islamic State (IS) has won the Kurds and their aspirations a very sympathetic hearing in Washington.

Tom Cole, who represents Oklahoma’s 4th Congressional District, and John Carter, from Texas’ 31st District, each expressed their deep appreciation.

“They’ve been tremendous. Best troops on the ground, without a doubt,” Cole stated.

“Most reliable ally from the American standpoint. Most dangerous enemy from [IS’] standpoint,” he added.

Carter spoke similarly. “The Kurds have really been stand-up fighters since day one,” he affirmed. “They’ve certainly proven their worth to the fight.”

Both Congressmen sit on the House Appropriations Committee, and both of their districts include major US Army bases: Ft. Sill in Oklahoma and Ft. Hood, the world’s largest military installation, in Texas.

Thus, these two Congressmen pay particular attention to the conflicts in which the US Army is engaged.

One important question involves US plans for its security architecture in the area after IS is defeated as a conventional military force. Should the US continue to maintain a military base in the Kurdistan Region?

Kurdistan24 asked Cole if he would favor such an idea, and the Oklahoma Congressman responded enthusiastically.

“As long as our Kurdish friends support that, and I think they would,” he responded. Cole noted the US had a very positive experience there.

“That’s been an area that we can operate out of stably,” he said, “and frankly, where we’ve got a supportive local population.”

Cole further explained, “The lesson of [IS] is that we left too soon.” We failed to secure our “hard-won victories in Iraq,” he said, “and I hope that we don’t make that mistake again.”

Read more: http://www.dinarupdates.com/showthread.php?48990-WATCH-Peshmerga-win-support-from-US-Congress
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Abadi receives a delegation from the US Congress

(Baghdad: al-Furat News) Prime Minister Haider al-Abadi received on Thursday a delegation from the US Congress.

A statement from the Prime Minister’s office received a delegation from the US Congress, led by Congressman Martha Robbie, in the office of the Prime Minister, who received the congratulations of the Iraqi forces’ victories against gangs, Iraq and the United States of America. ”

During the meeting, the statement stressed the importance of supporting Iraqi women and their role in Iraqi society and building the state

Read More:  http://www.dinarupdates.com/showthread.php?49065-Abadi-receives-a-delegation-from-the-US-Congress

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By the map .. What remains of the occupation of Ayman Mosul and his proportion of the city?

The Joint Operations Command / Military Information Cell published the latest map on the right side of the city of Mosul, and how much space is occupied by terrorist gangs.

According to the map received by the agency of all Iraq [where] a copy of it to “the presence of a caller in 10% of the west side of the city.”

The chief of staff of the Iraqi army, Major General Othman al-Ghanmi, had predicted the end of last month that the liberation of the right side and the liberation of the city of Mosul entirely from the gangs of terrorist preachers before the month of Ramadan next, which ends the month of May.

Read more:  http://www.dinarupdates.com/showthread.php?49067-By-the-map-What-remains-of-the-occupation-of-Ayman-Mosul-and-his-proportion-of-the

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Next Monday deadline to vote on the draft law reform guests 

House of Representatives postponed on Tuesday in its vote on the draft law reform guests.
According to a parliamentary source told all of Iraq [where] that “the House of Representatives identified on Monday as the deadline for a vote on legislator law

Read More:  http://www.dinarupdates.com/showthread.php?49000-Next-Monday-deadline-to-vote-on-the-draft-law-reform-guests-2017-5-9

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Today and every day, the state of Israel and her people bear witness to God’s faithfulness as well as their own.  – Vice President, Mike Pence

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BGG (Dinar Guru) –   Article:  “Iraq offers compensation settlement and Kuwaiti debt against investment”   Quote:  “…the meeting also discussed the file of compensation with the State of Kuwait and ways to settle through the window of investment inside Iraq.“.   two separate items talked about – how to pay back Kuwait (not to be confused with) – their eagerness to settle investments inside Iraq?  One of the big problems needing dealt with – is they have few mechanisms in place to safe guard investors. Why would the IMF care about Iraqi investors. They don’t – this is referring to OUTSIDE investors. Period.  Really good news – entering final talks – it appears.

Read more: http://www.dinarupdates.com/observer/
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Jubouri and his Romanian counterpart sign an agreement of cooperation and exchange of experiences

Speaker of the House of Representatives Salim al-Jubouri signed a joint agreement with his Romanian counterpart Liviu Draganya on Monday to increase understanding on coordination and exchange of experiences.

“The Speaker of the House of Representatives Salim Al-Jubouri met on Monday with the Speaker of the Romanian House of Representatives, Livyu Draganya,” the statement said. “During the meeting, they discussed bilateral relations between the two friendly countries and means of enhancing joint cooperation on all levels. During the meeting signed a memorandum of understanding between the two parliaments conducive to more coordination and cooperation and exchange of experiences.

“The meeting discussed the importance of opening new horizons for cooperation at the parliamentary level. The speaker stressed the need to exchange experiences and improve the performance of the workers in the legislative institution,” he said.

“Parliament is keen to push for further economic and trade cooperation with Romania, In Iraq, especially in the reconstruction of areas liberated from the organization of the terrorist advocate. ”

For his part, Liviu Dragania confirmed his country’s support for Iraq in its fight against terrorism and its readiness to provide support and assistance.

Al-Jubouri arrived in Romania on Saturday on a two-day official visit to meet with officials there to discuss ways to develop and strengthen bilateral relations, especially at the parliamentary level.

Read More: http://www.dinarupdates.com/showthread.php?48940-Jubouri-and-his-Romanian-counterpart-sign-an-agreement-of-cooperation-and-exchange-of

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Kaperoni (Dinar Guru) –   Article:  “ATMs for MasterCard card users”   …it is fun to watch all the pieces be put in place for the economy to take off.  Iraq is literally going from the stone age to the 21st century with technology in a few years.

Read more: http://www.dinarupdates.com/observer/
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Iraq Stock Exchange discusses technology solutions in Beirut for its applications

BAGHDAD – The Iraqi stock market opened Monday in the Lebanese capital of Beirut its conference on the applications and solutions of technology trading securities, stressing the need to bring investments to the securities market.

“The conference is currently being held in the Lebanese capital of Beirut, the second of its kind since last year in the United Arab Emirates. There were also conferences and workshops between the two conferences,” said Taha Ahmed Abdel Salam, A knot inside Iraq and yielded positive results supported the market in his work. ” He added that “the conference was attended by a group of senior officials of the Central Bank of Iraq and a number of ministries of the Iraqi state, adding brokerage firms and international investment companies.”

He pointed out that the aim of the conference is to achieve the objectives related to bringing investments, correcting and correcting the trends adopted by financial markets and plans, especially their relationship with financial institutions, as well as with the market elements represented by joint stock companies and brokerage companies, specifically investors.

“The Iraqi Stock Exchange Law speaks about the capital market in Iraq, which consists of key elements supporting the development of the market and the Securities Commission, which is an organization of the rules of instructions needed by the market as well as joint stock companies to disclose their data and review levels of performance annual and quarterly.

Abdul Salam expected that “the meetings of the conference will witness further discussions and meetings between investment companies and those interested in stock markets.”

Read More: http://www.dinarupdates.com/showthread.php?48937-Iraq-Stock-Exchange-discusses-technology-solutions-in-Beirut-for-its-applications

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Adam Montana (Dinar Guru) –   [What will happen to the other major currencies when the CBI RV’s the IQD/USD exchange rate? The countries using the EUR, the GBP, the CHF, the JPY, and the CNY all have international corporations invested in Iraqi oil with contracts based on today’s exchange rates.  How will a radical upward IQD/USD RV (which effectively decreases the value of the USD against the IQD) affect the EUR/USD and the GBP/USD and the CHF/USD and the JPY/USD and the CNY/USD exchange rates?  Will these other major global currencies also be devalued and what in your opinion will that do to an already stressed global economy?]  This is a great question, because it opens up the floor to discuss how an RV is really a zero-sum game, mostly because we are talking about a fiat currency. When the FED prints more USD, we don’t actually gain that money.  It just dilutes the dollar a little bit more.  IQD, and an RV of the currency, works the same way, just on a global scale. My opinion is that almost every other currency will take a slight hit, and then rebound once the IQD rate stabilizes, and within about a month all currencies will be back to normal… except the IQD will be dramatically different than it was a month prior.

Read more: http://www.dinarupdates.com/observer/
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Parliament votes tomorrow on the proposed law on the operation of the first graduates

(Baghdad: Al-Furat News) The House of Representatives will resume on Tuesday its regular session to vote on two draft laws.

A statement of the Council, received by the agency {Euphrates News}, a copy of it, tomorrow’s session includes “the completion of the vote on the draft law to reform inmates and depositors, and vote on the proposed law to run the early graduates.”

The meeting will also discuss the recommendations of the Education Committee regarding school buildings and an oral question addressed to the head of the Federal Audit Bureau, as well as the report and discussion of the draft law granting the employee a long standard leave and handling the conditions of the contractors.

The statement said the meeting included “the report and discussion of the draft law on the residence of foreigners, and the report and discussion of the draft law on delegation of powers.”

The House of Representatives lifted on 30 April last, its normal to Tuesday, the ninth of May, after voting on a parliamentary resolution prohibiting the attendance or participation of politicians or officials conferences in and outside Iraq without the consent of the Iraqi authorities.

Read More: http://www.dinarupdates.com/member.php?47292-MadDScout

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Deputy for the citizen: The next battle requires the return of the work of factories stalled

(Baghdad: al-Furat News) The MP from the mass of citizen Mohammed al-Masoudi, on Monday, that the battle of Iraq next requires the return of the work of government plants stalled.

“There are instructions issued to the local governments not to approve and according to the powers granted to them to promote the transfer of employees of the Ministry of Industry and Minerals to the rest of the ministries to preserve the competencies in them and not to empty, and because the Iraqi industry and only The future vision of both the Iraqi parliament and the federal government is on the verge of a major industrial boom. ”

He added that “the Iraqi industry suffers from several problems trying both the parliament and the government to eliminate or reduce them, including the high cost of production of one commodity compared to competition of foreign goods because of high costs of production, especially with regard to energy, in addition to the financial allocations related to loans Support and facilities for the establishment of Iraqi national industries and the reluctance of the investor to enter the Iraqi market for lack of financial cover and a strong bank protects him.

He pointed out that “the federal government is working on the abolition of the Bramir law on the settlement of the salaries of industry and dependence on the advances granted by the government, and thus deprive workers in this sector of financial allocations and irregular in their salaries and their withdrawal to the ministries that may provide them with these financial resources.”

Masoudi pointed out that “the battle of Iraq next will be in one aspect save hundreds of government factories stalled and return them to the ranks of Arab industry at least.”

Read More:  http://www.dinarupdates.com/showthread.php?48933-Deputy-for-the-citizen-The-next-battle-requires-the-return-of-the-work-of-factories

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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

Economy News / special – He said the governor of the Central Bank of Iraq on the Keywords to stop selling the dollar through selling currencies in the bank window will lead to the collapse of the Iraqi dinar financial situation in Iraq in general, stressing say that the central bank is obliged to do the job, even refrained from performing the role of the collapsed financial situation in Iraq.

Keywords and said in an interview conducted by the envoy of the agency “Economy News” on the sidelines of the annual conference of the Union of Arab Banks held in Beirut recently Waglguena sale Atarlasubh window Sarsrv Atarmabin 3 and 4 thousand dinars, and perhaps more.

He said the governor also Sndpartya case cancellation window printed currency to trillions of Aldnaniralaracah annually to cover the local need for dinars, will lead to Iraq’s infrastructure to Anhiaralamlh because of inflation, known as Oma cash excessive.

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

Keywords denied the existence of the currency auction in the central bank, but the sale of foreign currency window, stressing that the central mediator between the Ministry of Finance and the public is not only.

Turning to the experience of Lebanon and Jordan, in the field of maintaining the stability of their currency, pointing out that the situation in Iraq is different

He noted that the solution in Iraq is to reduce the demand for the dollar through the structure of the Iraqi economy is correct, and not through the sizes for the sale of the dollar.

The governor stressed the central bank sought to settle the salaries of employees in private banks, confirming the existence of a trend for the resettlement of all Iraqi employees’ salaries next year 2017 in the banks.

Welcomed the Governor of the Central Bank of any request to host the House of Representatives, stressing the importance of the meeting with the parliament, on the basis of the fact that monetary policy is the issue of specialty can not be addressed from afar, or through skirmishes and analysis is accurate.

This will be Nherns dialogue with the governor in Aladeddakadm magazine Iraqi banks issued by the Iraqi Association of private banks.

Economy-news.net

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 Iraqi Dinar/Dollar auction 05-11-17 (most recent listing)

Currency Auctions Announcement No. 3440

This daily currency auction was held in the Central Bank of Iraq on the 05-10-2017

DETAILS NOTES
Number of banks 36
Number of remittance companies 11
Amount sold at auction price (US$) 158,948,706
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 158,948,706
Total offers for selling (US$) —–

Read More: http://www.dinarupdates.com/observer/

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CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1288.429 1287.785
British pound GBP 1532.925 1532.158
Canadian dollar CAD 867.209 866.775
Swiss franc CHF 1176.003 1175.415
Swedish krona SEK 133.363 133.297
Norwegian krone NOK 136.435 136.367
Danish krone DKK 173.155 173.069
Japanese yen JPY 10.400 10.394
Special
Drawing Rights
SDR 1617.368 1616.559

Indicative rates – 05.12.2017

http://www.cbi.iq

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