Over 500 IDPs Arrive at Peshmerga Frontline near Mosul Dam
ERBIL — Fearing intensified military clashes, hundreds of civilians on Tuesday escaped their homes in the suburb of Tel Afar, seeking refuge in the areas under the control of the Kurdish Peshmerga forces.
The new wave of displacement comes from several villages in north of Tel Afar, some 63 kilometres west of Mosul, said Peshmerga commander Haji Khidr.The Kurdish forces in Mosul Dam frontline have so far taken over 500 new IDPs, including a large number of women and children.
“Following the new military operations by the [Shi’ite militias] of Hashd al-Shaabi in Sinjar region, civilians fear the imminent war in their areas, therefore, they escape,” Khidr said.With the Hashd al-Shaabi operations continuing around Tel Afar and Sinjar, Khidr says more civilians are expected to be displaced in the upcoming weeks.
Read more: http://www.dinarupdates.com/showthread.php?4\9947-Over-500-IDPs-Arrive-at-Peshmerga-Frontline-near-Mosul-Dam
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Mobilization forces recapture 9 villages clearing borders with Syria
Iraqi paramilitary forces fighting the Islamic State have recaptured nine more villages, proceeding with a campaign to impose control over the Iraqi borders with Syria.
Badr Organization, a part of the mainly-Shia Popular Mobilization Units, said Monday it had taken over nine villages northwest of Baaj, with dozens of militants fleeing to Syrian border cities.
“Forces are proceeding towards the liberation of what is left of Iraqi-Syrian borders towards al-Waleed border corssing,” the statement said, pointing to a crossing in Anbar province, south of Nineveh, which is also close to the borders with Jordan.
Operations on Monday left more than 45 Is members dead, including suicide bombers boarding booby-trapped cars, Badr Organization added.
On Sunday, PMU media said mobilization forces recaptured the entire Baaj region and proceeded to take over surrounding villages near the Syrian borders. Operations targeting border regions near Syria launched in May 12th.
The campaign has been running simultaneously with government troops battles with IS in Mosul, the group’s largest stronghold in Iraq where the group is nearing eventual defeat.
On Sunday, Abu Mahdi Al-Mohandes, deputy commander of the Popular Mobilization Units, said “mobilization forces will go after terrorism outside Iraq if it threatens Iraq’s soil and national security”. His remarks revive a controversy around whether the Shia-led, Iran-trained force could pass the Syrian borders to give leverage to Syrian President Bashar al-Assad’s forces against IS and other and rebel groups. A mobilization forces spokesperson said last week that the troops would not take the step unless with an Iraqi parliament green light. U.S.-backed Kurdish Syrian forces fighting the Islamic State had warned the organization against crossing the borders.
Read more: http://www.dinarupdates.com/showthread.php?49919-Mobilization-forces-recapture-9-villages-clearing-borders-with-Syria
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Peshmerga’s Bravery Has Echoed Around the World: Australian Vice Consul
The Chancellor for Kurdistan Region Security Council (KRSC) Masrour Barzani and Australian Vice Consul Tim Stapleton on Monday discussed the latest developments in the battle against the Islamic State (IS) as well as bilateral relations.
During his meeting with Barzani, Stapleton extended his country’s gratitude to the sacrifices that Kurdistan Peshmerga forces have made in suppressing the Islamic jihadists.
“The bravery of Peshmerga has echoed all around the world and in talks over defeating IS, the role of Peshmerga should not be overlooked,” Australian Vice Consul stated.
The officials also exchanged views over Australian government’s participation in the coalition against IS and Barzani thanked Australia for his support to Peshmerga.
Barzani and the Australian diplomat also stressed that the issues in the region and Iraq should be resolved in a manner to guarantee the rights of all components so that the resulting peace and stability does not leave any room for extremism to grow.
Read more: http://www.dinarupdates.com/showthread.php?49904-Peshmerga-s-Bravery-Has-Echoed-Around-the-World-Australian-Vice-Consul
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BGG (Dinar Guru) – Mosul is it… I have said all along…I would like to see what the news cycle looks like right after Mosul is done. I had some guy message me “why is Mosul taking so long“? They are dug in – they know they will die and have NOTHING TO LOSE…this may take just a bit..let’s all just take a breath and let this whole thing play out…and then… I also said – I want to get a feel for what the News Cycles look like after – for a week or two…this will be the tale of the tape. …sit back…and let them do their thing…and BTW – it’s not like they haven’t told us in so many ways – what they intend to do. They have – over and over and over and over.
Read more: http://www.dinarupdates.com/observer/
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Ministry of Finance confirms the continuation of appointments in the State Departments within the budget of 2017
The Ministry of Finance, on Tuesday, the continuation of appointments in the departments of the state, which has the degrees of employment or allocated within the budget in 2017, noting the existence of “flexibility” in the budget.
“The federal budget for the year 2017 did not refer to the suspension of grades, because the country is moving towards variables, and there are retired employees and others are replacing, in addition to the cases of death and leave, so it is necessary to appoint Renew and replace them. ”
“There are institutions that need staff such as judges, doctors, armed forces, teachers and teachers,” he said, denying “a decision to stop appointments.”
The source pointed to “the existence of flexibility in the budget, and this flexibility in which certain powers, dealing with reality through the financial situation, and the better the financial situation there are variables in the controls and instructions issued by the State on this file.”
The parliamentary Finance Committee revealed last year that the grades in the draft budget law for the year 2017 included four ministries, while the budget was considered to be similar to the budget of 2016.
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The United Nations funds 100 projects to restore stability to Falluja
The United Nations Development Program (UNDP) Stabilization Fund (SFOR) in Iraq announced Monday the support of more than 100 stabilization projects inside the city of Falluja, clearing nearly 2 million square meters of land and infrastructure of explosives. City.
“Since August 2016, more than 100 stabilization projects have been supported in Falluja through the stabilization program,” UNAMI said in a statement. “Reforming the networks and reopening public infrastructure, and the work of thousands of people, Including many poor families, on public programs, and they are helping to rebuild the city. ”
“Almost a year after the liberation of Falluja, the process of stabilizing the city is well underway, hundreds of thousands have returned to their homes, basic services including water and electricity have been restored and the local economy has been restored,” the statement said.
“In a move that marked an important milestone on the path to the recovery of Falluja, the Iraqi government and the Stabilization Fund of the United Nations Development Program (UNDP) in Iraq reopened the Azerik water treatment plant, which provides drinking water to more than 60 percent of the city’s population,” UNAMI said.
“Rehabilitation of the station is one of the main projects requested by the Anbar Command Center, which is responsible for restoring stability in newly liberated areas.”
“The United Nations Mine Action Service (UNMAS) has removed explosive devices from all the station buildings and over 40,000 square meters of land,” the statement said.
“The clearance of nearly 2 million square meters of land and infrastructure of explosives, including five power plants, 12 health facilities, 13 sanitation sites, 19 water points and 88 schools,” the program said.
“The newly rehabilitated station is necessary to improve access to safe drinking water for Fallujah families,” said Anbar governor Suhaib al-Rawi in a ceremony marking the reopening of the Azerite water station. “Water supply projects are essential to improving our communities’ access to safe drinking water and effective sanitation systems. To preserve the lives and well-being of men, women and children in Anbar. ”
“This is a symbol of the recovery of Falluja,” said Liz Grande, a UNDP Resident Representative in Iraq: “When we saw the destruction in the Azores for the first time, we did not believe that the station could be rebuilt so quickly.
Everyone worked together to accomplish this task in record time. More than 60 percent of the city will have safe drinking water. ”
“The identification and removal of explosive ordnance is the first step before stabilization initiatives or humanitarian interventions in liberated areas,” said Per Ludamar, the UN Mine Action Service (UNMAS) official. “The clearance of nearly 2 million square meters of contaminated areas in the city Falluja, allowing the start of stability activities and enable families to return to the city, and resume life. ”
The stabilization project, launched in June 2015, operates in newly liberated areas of Anbar, Salahaddin, Ninewa and Diyala provinces. More than 1,000 projects are completed or under construction in 23 locations. Since the beginning of the crisis, more than 1.8 million people have returned to their homes.
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The most important six inches on the battlefield is between your ears. – James Mattis
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The Council of Ministers holds its regular session chaired by Dr. Haider Abadi
The Cabinet held its regular session on Tuesday 6 June 2017 under the chairmanship of the Prime Minister Dr. Haider Abadi.
During the meeting, a vote was taken on the establishment of a factory for the production of cards and passports attached to the draft unified national card.
In addition, a number of decisions were taken on the health side, namely the completion of the Thalassemia building project at Ibn al-Baladi Hospital, in exception to Cabinet Resolution No. 347 of 2015 as one of the important strategic projects within the geographical area of Baghdad Health Department.
The council agreed to complete the 40-bed hospital project in Dujail.
The bill on HIV testing was voted on.
An amendment to the State Council Bill was also introduced.
A bill was also voted to change the name of the provinces of Qadisiyah and Tamim to the provinces of Diwaniya and Kirkuk.
The Cabinet discussed the requirements of the Ministry of Defense in addition to the supplementary budget for 2017 and the entitlements of contractors.
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Ready to operate the “Iron and Steel” factory in Basra
Basra – Journal News The director of the iron and steel factory in the province of Basra, Abbas, said on Tuesday that his city will witness the end of next year, the creation of all the equipment for the operation of the iron and steel mill and melting of the scorpions, which was one of the largest factories in the Middle East.
“The decision of the Council of Ministers No. 25 of 2017, directed the operation of the iron and steel mill and rolling mill, with a capacity of 500 thousand tons per year,” he said in a statement to the Journal News.
He added: “The General Company of Iron and Steel is waiting to receive plans from one of the companies that will qualify the plant and prepare the foundations for receiving new equipment,” noting that “things are going smoothly and well on the right track to restore life to the plant.”
Director of the plant, also pointed out that the end of next year will see the operation of his company for the smelting sector and the production capacity of up to 500 thousand tons per year.
The General Company for Iron and Steel was established in cooperation with a French company established in the early 1970s. Its factories were completely shut down from production due to the consumption of their equipment after the events of April 2003. Before that, the factory was bombed by US forces in the 1990s.
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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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The parliamentary economy supports the recent central bank measures to regulate the sale window of the currency
Economy News Baghdad: Announced A committee Economy Parliamentary, Tuesday, Support For procedures the bank Central Last Organized by Action Banks at Window Sale the currency Indicating that the Central Bank carried out the classification in cooperation with the IMF and the World Bank.
She said member A committee Economy Parliamentary elections Najeeba Najib For “the economy News ” , The ” classification the bank Central For banks Dakhla at Window Sale the currency a step Good very Its objective Reform Monetary ” , Shown That “the bank Central Take this is Measures In coordination With Experts Foreigners Specifically From the states United Nations The United States Plus to me Box Cash And the bank International “.
She added That ” evaluation the new Of the Bank Central rely On Seven Items The most prominent Standards Transparency And the wash Money Which gave to her Degree 50 From 100 Plus to me head the money And grant Loans ” , She said to me That ” some Banks Its goal Access at Window Sale the currency To achieve earnings On an account Economy Iraq Than I got On Degrees Low at Classification “.
She confirmed That ” banks Which I got On Centers Last on her that Corrected Status in order to Stay at Window Sale Currency ” , hostess That ” develop Sector The banker Will result to me has evolved Economy And therefore that the bank Central seem Reform From During Window Sale Currency “.
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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 stock market is trading more than a trillion shares during the month of May
Economy News _ Baghdad: The Iraqi market for securities during the month of May more than a trillion shares, achieving an increase in the number of companies and transactions executed during the same month compared to last April.
“The market during the month of May last year was trading 22 sessions in the regular market and 11 sessions in the second market where the ISX60 index closed at the end of May 2017,” said Taha Ahmed Abdel Salam, the market’s executive director. At (591.44) points, down by (6.8%) compared to its value at the close of the month of April (634.98) points.
“The number of companies listed in the market during the month of May reached (101) companies with the number of listed shares (10.739) trillion shares, pointing out that the trading focused on the shares of” banking “and traded at the highest level in the Middle East Bank With the number of shares of 16.8 billion shares, where the closing price of JD (0.400) decreased by (23%) from the previous month’s closing of (0.520) dinars followed by the Bank of Babylon number of shares of 16 billion shares, down by the closing price of (0.330) %) From the previous month’s closing of (0.380) dinars.
He added that “Gulf Commercial Bank had traded the number of shares of 3 billion shares, the closing price of (0.370) dinars by (17%) from the previous month’s closing of (0.450) dinars, followed by Baghdad soft drinks company shares of 2.7 billion shares , Down by (1550%) from the previous month’s closing of (2.200) dinars, followed by Bank of Baghdad with the number of shares of 2.6 billion shares, also fell by the closing price of (0.740) dinars by 17% The previous month of (0.900) dinars, Sumer Bank and the number of shares of 1.5 billion shares, maintaining the closing price of (0.900) dinars on the same closure The former and Al-Mansour Bank traded 1.2 billion shares, the closing price of JD (0.850) dropped by (4%) from the previous month’s close of JD (0.890).
The ratio of the number of shares traded to the number of listed shares in the stock market during the month of May was as follows (the financial transfer sector 4.3%, the insurance sector 4.10%, the financial investment sector 2.28%, the industrial sector 1.15%, the services sector 1.02% Banking sector 0.63%).
“The indicators show that there was an increase in the number of companies traded compared to April last month by (4.6%), where the month of May 68 companies, while an increase in the number of transactions executed by (44.7%), but there was a decline in the The number of shares traded increased by (6%) to (75.745) billion shares in May, and a decrease in the value of shares traded by (20%), which reached (54.121) billion dinars in May, (48) companies out of (68) companies traded in the market. ”
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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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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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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 06-6-17 (most recent listing)
Currency Auctions Announcement No. 3459
This daily currency auction was held in the Central Bank of Iraq on the 06-01-2017
| DETAILS | NOTES |
| Number of banks | 35 |
| Number of remittance companies | 9 |
| Amount sold at auction price (US$) | 159,467,043 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 159,467,043 |
| Total offers for selling (US$) | —– |
Read More: http://www.dinarupdates.com/observer/
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| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1184.000 | 1182.000 |
| Euro | EUR | 1328.093 | 1327.429 |
| British pound | GBP | 1521.854 | 1521.093 |
| Canadian dollar | CAD | 876.777 | 876.339 |
| Swiss franc | CHF | 1218.859 | 1218.250 |
| Swedish krona | SEK | 136.280 | 136.212 |
| Norwegian krone | NOK | 139.920 | 139.850 |
| Danish krone | DKK | 178.526 | 178.436 |
| Japanese yen | JPY | 10.606 | 10.601 |
| Special Drawing Rights |
SDR | 1637.839 | 1637.020 |