US conducted over 26,000 airstrikes against ISIS in Mosul – Embassy
One hundred days after launching western Mosul liberation operation, the Iraqi forces, backed by US-led Coalition, have conducted over 26,100 airstrikes against ISIS’ targets in Mosul city, US embassy in Baghdad revealed on Friday.
In a statement, the embassy said that the forces continue their push to recapture ISIS-held districts in the city.
Iraq’s Ministry of Defense has announced that its forces have made significant progress in the neighborhoods of al-Zanjili and al-Shifaa, located in Mosul’s right bank.
It is estimated that there are a few of ISIS terrorists left in Mosul, the second largest city in Iraq. It is expected that they will desperately defend the last pocket of the city that has been once their main stronghold in Iraq.
Read more: http://www.dinarupdates.com/showthread.php?49717-US-conducted-over-26-000-airstrikes-against-ISIS-in-Mosul-%96-Embassy
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Iraq forces announce gains in west Mosul
Iraqi forces have recaptured around half of two neighbourhoods in west Mosul that are among the targets of a broad offensive against jihadists launched last week, officers said on Friday.
Iraqi security forces are more than seven months into a massive operation to retake Mosul from the Islamic State group, which overran the city and swathes of other territory nearly three years ago.
Now, IS’s grip on Mosul has been reduced to the Old City and several nearby areas, but the jihadists are still putting up significant resistance and up to 200,000 civilians may be caught in the fighting.
“Our units are now present in Al-Saha neighbourhood and completed (recapturing) 60 percent of it and are still advancing,” Staff Brigadier General Haidar al-Obeidi, a commander in the elite Counter-Terrorism Service, told AFP.
And Lieutenant General Raed Shakir Jawdat, the commander of the federal police, said in a statement that his forces “continue to advance cautiously, and have imposed their control over 40 percent of Al-Zinjili neighbourhood.”
Those are two of the three neighbourhoods that are the target of the current assault by Iraqi forces, with the third being the nearby Al-Shifaa area.
All three are located north of the Old City, a warren of narrow streets and closely-spaced buildings that has posed a major challenge for security forces.
The United Nations said earlier this week that up to 200,000 civilians were estimated to still be trapped in IS-held areas, most of them in the Old City.
“Because of the tightness of the area and the presence of a number of residents and fear of injuries and damage… to civilians and buildings, we have avoided entering at the present time,” Obeidi said of the Old City.
Instead, security forces have blocked it off from three sides while the Tigris River does the same on the fourth — keeping IS bottled up inside but also exposing civilians to shortages of food, water and medicine.
Read more: http://www.dinarupdates.com/showthread.php?49724-Iraq-forces-announce-gains-in-west-Mosul
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Tillerson Barzani telephone: Washington’s relations with the region and the ongoing support of the Peshmerga
Assured US Secretary of State, Rex Tillerson, said on Wednesday that US support for continuing the Peshmerga forces pointing out that his country ‘s relations are continuing with the Kurdistan region.
Tillerson ‘s remarks came during a telephone conversation with the President of the Kurdistan region, Massoud Barzani according to a statement issued by the Presidency of the Territory.
The statement added that Tillerson thanked the Peshmerga forces to victories in the war against terrorists and praised the existing between the Peshmerga and the Iraqi army forces in the war against terrorists in cooperation.
The statement also explained that the American Foreign Minister Barzani promised that his country s relations with the continuing support of Kurdistan and the Peshmerga forces
For his part, the President of the Kurdistan region during telephone contact with Tillerson thanks to America on its support for the region and congratulated him on his acknowledging receipt as foreign minister, and wished him success in his work.
Read more: http://www.dinarupdates.com/showthread.php?49694-Tillerson-Barzani-telephone-Washington-s-relations-with-the-region-and-the-ongoing
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OPEC price rises slightly despite glut concerns
The price of OPEC basket of thirteen crudes stood at $48.85 a barrel on Thursday, compared with $48.69 the previous day, according to OPEC Secretariat calculations.
According to a Reuters report, this upward trend comes as oil prices tumbled below $50 on Friday amid worries that U.S. President Donald Trump’s decision to abandon a global climate pact could spark more crude drilling in the United States.
The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Rabi Light (Gabon), Iran Heavy ( Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).
Read more: http://www.dinarupdates.com/showthread.php?49716-Iraq-news-OPEC-price-rises-slightly-despite-glut-concerns
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Kaperoni (Dinar Guru) […is it better for Iraq to rebuild itself at the present rate or at a re- established rate?] …at this point and time, it does not matter what the exchange rate is regarding rebuilding…since the primary source of revenue is oil sales (95%) which is paid in dollars. And since the dinar is not globally convertible, Iraq pays for goods in dollars. So in that sense they are on the same playing field we are on in the US when we pay for goods. The real benefit comes when the CBI can begin to raise the value to offset inflationary pressure created by investors and investment along with meeting IMF Article VIII compliance. The result will eventually give the citizens a better life, greater purchasing power and most importantly the ability for the CBI to keep its dollars and pay in dinars.
Read more: http://www.dinarupdates.com/observer
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Abadi reveals a plan to secure the Iraqi-Syrian border
Baghdad Mawazine News Prime Minister, Commander-in-Chief of the Armed Forces, Haider al-Abadi, announced on Tuesday a plan under his supervision and coordination with the popular crowd to secure the border with Syria, stressing that the Iraqi forces managed to besiege “terrorism” and control of his movement, while promising not to keep any ” , Pointing out that terrorism will not be able to carry out terrorist attacks against Iraqis except with the presence of “Hawadn”.
Abadi called in his weekly press conference, and his follower / Mawazin News / political blocs to “commit to national unity and fight terrorism,” surprising statements that call for “emergency government”, pointing out that “the elections will be held in time,” stressing that ” Changing the constitutional timing “.
On the latest bombing in Baghdad yesterday, Abadi said that the security breach in Baghdad can not be considered as a breakdown as much as an “intelligence disorder”. Some of the voices accused it of giving terrorism greater than its size, and this terrorism wants to achieve “a media and psychological victory.”
“When terrorists target innocent people in Baghdad, some try to discourage morale and morale on the front lines,” he said, adding that “there is a radical plan on joint checkpoints” .
“We have been able to besiege terrorism and control its movement, we will not keep any of the terrorists and we are serious to pursue them,” Abadi said in his weekly press conference, calling on political blocs to “commit to national unity and fight terrorism.”
“A plan has been drawn up under the supervision of the commander-in-chief of the armed forces and in coordination with the popular crowd to secure the Iraqi-Syrian border,” Abadi said.
The commander-in-chief of the armed forces, Prime Minister Haider Abadi, said on Monday (May 29, 2017) that the declaration of “victory” in the city of Mosul will be very soon, while considered the arrival of the popular crowd to the Iraqi-Syrian border “an achievement.”
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Paramilitary troops say crossing Iraqi borders requires parliament approval
The Shia-led paramilitary troops have said that crossing the Iraqi borders to other countries requires parliament approval in advance.
In press remarks, Ahmed al-Assadi, spokesperson of al-Hashd al-Shaabi (Popular Mobilization Units) said “armed troops either from army, al-Hashd al-Shaabi or the army’s elite Counter-Terrorism Service crossing the Iraqi borders requires voting by Iraqi parliament as constitution does not allow intervention in other countries’ affairs.”
He considered that “talks about this issue while the country is fighting and clearing the provinces from Islamic State is unreal.”
“The troops will stick to all instructions and commands made by the armed forces commander-in-chief,” Assadi added.
“After retaking all the regions from Islamic State, the PMUs will have a basic role in immunizing areas that suffer weakness in borders control,” he said.
On Tuesday, Syrian Kurdish leader Ciwan Ibrahim said Syrian Democratic Forces will battle against PMUs in case the troops crossed to the Syrian borders.
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Earlier this week, Hadi al-Amiri, head of Badr Organization, said PMUs reached to Iraqi-Syrian borders.
Last week, al-Hashd al-Shaabi troops resumed the second phase of operations, launched earlier this month, to liberate the remaining villages in the vicinity of Qairawan, a main Islamic State bastion which links between Tal Afar town and the Syrian borders, and Baaj, after the troops announced full liberation of Qairawan.
PMUs, an alliance of more than 60 mostly Shia militias, are recognized by the government as a national force under the Prime Minister’s command.
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BGG (Dinar Guru) – “Our economy is space. Monetary policy is an example” The…article is a VERY HARD translation – BUT IMHO FILLED with DEAD GIVE-AWAYS! …for those pouting about not being rich yet – this is one more log on the FIRE! What it means is – they are doing things (up until now) this economist doesn’t understand and can’t explain. Quotes: “…we urgently need a new economic philosophy that leads to generating development And to expand the supply and demand for local production in all its variants, especially in an important aspect of monetary policy is dealing with the value of the development of the dinar or the liberation of the value of the dinar...” “The liberalization or floating of the currency is not strange or innovative in the money market, it is a tool of the monetary policy…” BOOOOM…That’s all I have to say. That is a DIRECT narrative on the state of the currency value in Iraq. This was published yesterday. Cannot be anymore direct.
Read more: http://www.dinarupdates.com/observer
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The central bank sells more than $ 155 million in the auction today
BAGHDAD / The Central Bank of Iraq sold Wednesday a $ 155 million auction.
“The size of the amount sold today amounted to 155 million, 688 thousand and 671 dollars, at an exchange rate of 1182 dinars per dollar, with the participation of 37 banks and 10 companies for financial transfer.”
The statement said that “the sale of amounts transferred to the accounts of banks abroad, as well as the sale of cash was the price of 1190 dinars per dollar.”
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Economic “warns” the Central Bank
BAGHDAD / The Economic Committee warned the parliamentary on Wednesday, the central bank to continue its policy classification of banks to varying degrees to participate in the window auction currency, calling him to commit to neutrality and non-discrimination between banks.
“The Central Bank’s policy is one of the reasons for the corruption of its employees because it did not comply with the law that provides for equality and non-discrimination between one bank and another,” the committee said in a statement. Dealing with Iraqi banks. ”
“The central bank must move away from its present in the Central Bank of conflicts of interest and prevailed in the moods and the tendency to reward the party and punish another party without a professional and legal standard,” adding that “manipulation of the implementation of the policy of the Central Bank through individual desires not based on economic grounds A risk that could bring risks to the economy of Iraq, which is undergoing great challenges under the exceptional circumstances experienced by Iraqis. ”
The committee called on the Central Bank’s administration to “close the doors encouraging corruption by some employees of the Central Bank,” indicating that “the opposite will expose the reputation of this ancient institution to danger and lose confidence, which will negatively affect the overall monetary situation in the country, Value of the national currency “.
The parliament’s economic committee called on the central bank to “abide by neutrality and non-discrimination between banks and deal equally in the window of currency sale and the abolition of the policy of classification based on discretionary calculations to avoid our resort to questioning and questioning under the parliament.”
Read more: http://www.dinarupdates.com/showthread.php?49658-Economic-quot-warns-quot-the-Central-Bank
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Kaperoni (Dinar Guru) – Artile: “Experts: float the currency needs to be a productive economy and not Rieia (rentier)” Quote: “…to float the currency now in Iraq can not talk about that simple, as needed to advance measures…it could be done if the transformation of the Iraqi economy from a yield to productive…” This is actually a really good article because they state very clearly that under the current conditions they cannot float the dinar…and only once the market economy begins can they do so. So we continue to wait for Iraq to set the stage for investment. Pass the needed laws, get the dinar in compliance with the IMF, etc. to move to Article VIII. Only then will we see the dinar float and rise based on market forces. I am hopeful that yet this year we can see that happen.
Read more: http://www.dinarupdates.com/observer
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Governor of Baghdad is discussing with a Swiss company the establishment of waste recycling project capital
Economy News _ Baghdad: Baghdad Governor Atwan al-Atwani on Wednesday discussed with a delegation of a Swiss company involved in waste recycling projects the implementation of a similar project in the province.
The press office of the governor said in a statement that “Al-Atwani discussed with a delegation of one of the Swiss companies concerned with waste recycling projects, that the province is keen to adopt such projects and is a pioneer in inviting international companies competent to work in the province of Baghdad, Adding that “the province is ready to provide infrastructure and provide various facilities and legal and administrative procedures for the transfer and implementation of investment projects in this area.”
He added that “the local government encourages international investment companies to work in the province and provide all the necessary support for the implementation of these projects, which benefit the province and its citizens.”
The secretariat of Baghdad, had contracted earlier with a Turkish company to clean up 30% of the capital Baghdad for 31 billion dinars, but the contract did not last long, the return of waste to the streets, especially in commercial areas.
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Oil falls as production of Libya and America rises
Economy News BAGHDAD, Decreased Prices Oil One percent Today Wednesday With a plus Production The Libyan Which Agate Fears the list Already From Height Production American Including Undermines Discounts Production Which Led (OPEC) With a view Reducing Gap between Display And demand at Market .
By At 0657 hours Greenwich Decreased raw Measurement Global Mix Brent at Contracts Futures 54 cents or One percent About Closure the previous Up To $ 51.30 Per barrel .
He slipped raw West Texas Mediator American at Contracts Futures 51 cents or One percent About price Closure the previous Up To $ 49.15 Per barrel .
And he said Traders that drop the prices came result Height Production at Libya Which rip it Conflict and he What Increase From Sharpness Effect the growth Continuing Production American .
She said Enterprise National Of oil at Libya day Monday that From Expected that Rises Produce Libya From Raw To 800 thousand barrel Daily This Week .
And from Likely that Boosts that exports Libya From Oil . Showed Data Shipping On platform Thompson Reuters Econ it’s a With Exclude Exports Movable Across Lines Pipes Issued Libya 500 thousand barrel Daily at Average Ago Beginning General Comparison With Average Amounting to 300 thousand barrel Daily Just In 2016.
It is due a plus Production American to me end Big For high Activities Drilling For exploration About Oil Rocky More From ten percent Ago Mid General the past To exceed 9.3 million barrel Daily Including Approximates Levels Saudi Arabia And Russia Larger Producers Of oil at World .
And undermines Height Production American And Libby Efforts Which Made organization the countries Exporting ( OPEC ) and some Producers Outside And from between them Russia To shrink Gap between Display And demand at market Overheated Supplies From During scale down Production About 1.8 million barrel Daily Even End Quarter the first Of 2018.
And Libya member at organization OPEC but she Exempted From Discounts Production While No Involved the states United Nations at That Deficiencies .
And reached Produce Russia From Oil is 10.94 million barrel Daily at May May Including In line With Pledges By reducing Production According when I mentioned Resources day Wednesday .
Read more: http://www.dinarupdates.com/showthread.php?49645-Oil-falls-as-production-of-Libya-and-America-rises
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BGG (Dinar Guru) – I am very excited about the current state of things. I am very excited about the next short time frame… I think we are in an incredible window of time right now…and I do feel – if things advance as they have been – we could be very, very close. Maybe not today or tomorrow, but legitimately CLOSE. Unlike ever before. (keep in mind – we have been close before – the CBI had planned on 2013? sometime and put it off). According to the SIGR Report. We are close. REAL CLOSE.
Read more: http://www.dinarupdates.com/observer
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Today we remember the men and women who made the ultimate sacrifice in serving. Thank you, God bless your families & God bless the USA! –
President Trump
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Keywords: Prepare a plan for the rehabilitation of the central bank branch in Mosul
Economy News Baghdad: Iraq’s central bank governor Ali al-Alaq on Wednesday prepared a plan to rehabilitate his branch in the province of Nineveh after the terrorist organization “Da’ash” caused great damage to it and stole its contents.
Al-Aalak said in an interview with the Economist News that gangs that have encouraged crime have caused great damage to the bank’s branch in Mosul, especially since it is located on the right side of the city and was liberated by the armed forces.
He added that “gangs before carrying out sabotage operations in the building was to steal the contents of the time, which consists of treasures estimated at 500 billion Iraqi dinars and 80 million dollars.”
“The central bank has prepared a plan to rebuild the branch once the security situation stabilizes. Once a signal is received that the situation is safe for the bank to play its role, we have a priority that the central bank should return to work in providing services to banks and exchange and transfer companies,” he said.
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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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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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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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Iraqi Dinar/Dollar auction 06-1-17 (most recent listing)
Currency Auctions Announcement No. 3456
This daily currency auction was held in the Central Bank of Iraq on the 06-01-2017
| DETAILS | NOTES |
| Number of banks | 38 |
| Number of remittance companies | 10 |
| Amount sold at auction price (US$) | 151,197,131 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 151,197,131 |
| Total offers for selling (US$) | —– |
Read More: http://www.dinarupdates.com/observer/
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| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1184.000 | 1182.000 |
| Euro | EUR | 1328.566 | 1327.902 |
| British pound | GBP | 1520.078 | 1519.318 |
| Canadian dollar | CAD | 877.102 | 876.663 |
| Swiss franc | CHF | 1219.361 | 1218.752 |
| Swedish krona | SEK | 135.842 | 135.774 |
| Norwegian krone | NOK | 140.756 | 140.686 |
| Danish krone | DKK | 178.577 | 178.488 |
| Japanese yen | JPY | 10.671 | 10.666 |
| Special Drawing Rights |
SDR | 1634.619 | 1633.80 |