Dinar Daily NEWS Blog – June 28th

Al Harbi announces the results of the liberation of the old city since its inception

The Al-Harbi Media Cell reported on Wednesday the results of the liberation of the Old City on the right side of the city of Mosul, since its launch, indicating that it has killed dozens of elements calling and liberating 60% of the city.

The cell said in a statement received by “Al-Ghad Press,” “The leadership of the federal police forces continue to wage fierce battles against gangs and terrorist advocates in the southern axis of the city of Mosul and specifically the old city and progress towards its goals, as our blocks are besieging the city and progress towards the targets and cleared 60% And it is divided into 3 branches according to 5 branches according to 6 branches.

She added, “The enemy suffered heavy losses of lives and equipment. The axes were assigned by the heroine, the heroic army, the heroes, the fighter planes and the heroic artillery, which terrorized the enemy by means of fire plans, firepower and targets on demand.

“He said. “The enemy’s losses were as heavy as follows: killing 63 terrorists, capturing two terrorists, wounding five terrorists, killing 6 snipers, seizing one monoculture, seizing monoculars, grabbing a Kalashnikov rifle, dismantling 52 explosive devices, destroying 14 different wheel types, detonate the store of the obituary, destroy the motorcycle, find the hardware stack, destroy 6 enemy buildings, destroy the enemy addon, find a missile depot, find a rocket RPG 7, grab the belt regret.

Read more:  http://www.dinarupdates.com/showthread.php?51048-Al-Harbi-announces-the-results-of-the-liberation-of-the-old-city-since-its-inception

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Iraqi Forces Liberate Another District in Mosul’s Old City

The Iraqi forces announced on Tuesday the liberation of another district in western Mosul as they continue pushing towards the river bank in the Old City.According to a statement by Lieutenant General Abdul Amir Yarallah, commander of the Nineveh Operations, the Iraqi forces have recaptured the district of al-Mushahada in Mosul’s Old City from the Islamic State (IS) militants. Earlier the same day, the Iraqi Federal Police also released a statement, saying their forces have dislodged IS insurgents from the Ziwani mosque, located in the area of Bab al-Beid. Up to 350 IS militants are believed to be left in the Old City, using civilians as human shields, the Iraqi military said in previous statements. However, despite the considerably small number of IS insurgents inside the area, more than 50,000 Iraqi civlians remain trapped in the Old City, with a serious lack of food, water and medical supplies.

The Iraqi government backed by the US-led coalition launched an operation against the IS militants in Mosul back in October, 2016. By The beginning of this year, the forces managed to liberate the entire eastern part of the city and focus on the remaining western areas of Mosul. The city is expected to be fully liberated within days, after nearly nine months of fighting. Iraqi forces took the eastern side of Mosul from Islamic State in January, after three months of fighting, before another offensive was launched to retake the western side in February.

Read more: http://www.dinarupdates.com/showthread.php?51008-UN-says-Mosul-fully-liberated-from-ISIS-imminently

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Adam Montana (Dinar Guru) –   Ramadan is over, and so is Eid-al-Fitr. If you’ve been keeping up with the news…you’ll agree that ISIS is just about over, too. Some are saying they have been crippled to the point that ISIS is barely recognizable as a “force” or “organization” any more. Either way, I think we’re at a point where we don’t even have to take “ISIS” into serious consideration when speculating on a potential increase in IQD value.  We have some big items on the table right now – a vote at the UN, an IMF matter, some Iraqi Parliament meetings that are significant… I think I’d just be clouding the waters if I tried to explain ALL that is on my radar right now, so I’ll suffice it to say this: We are at a potential crossroads right now, and it’s looking GOOD.

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

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Frank26 (Dinar Guru) –   [How excited are you today from yesterday?]  MORE.   [Why more sir?]  BECAUSE THEY ARE RVING IMO.   [When they change their rate, do you think there will be a delay with u.s. banks finding out about the rate change? OH NO!!!  THEY R READY.  [IYO, Do you…believe that the new CBI website will realistically be fully ready by June 30, for the new International financial world?WE DO NOT KNOW…JUST EXCITED THAT THEY R CHANGING IT.  [IYO is the CBI web site now being hosted within Iraq?]  …YES.  [so much has taken place since the 12th of June, so many articles talking about internationlism with the IQD, IYO, is the 26th-30th still promising?]  WE STUDY 26/30 RT NOW BECAUSE IT IS LOGICAL…SUFFICE IT TO SAY…THINGS ARE UNUSUAL AND EXCITING ON THE MR [Monetary Reform].

Read more: http://www.dinarupdates.com/observer/
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Phillyman (Dinar Guru) –   I am so encouraged by all that is taking place…  Of interest today.  I see that Warka paid out interest early, usually do it the last day of the month.  Have no idea why that would change.

Read more: http://www.dinarupdates.com/observer/
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By the map: That’s what’s left for a damper in Mosul

The military information cell announced Wednesday that it was still under the control of a terrorist supporter on the right side of Mosul.

According to a map issued by the cell, “Al-Ghad Press”, a copy of which, the security forces from the army and the federal police, and the anti-terrorism and popular mobilization, continue to liberate the remaining from the right side of Mosul.

“The green color symbolizes the liberated areas, which are the most areas where the security forces have imposed control,” she said.

“The red color symbolizes the areas where the security forces are still clashing with the terrorist, some of Mosul’s old areas,” she said.

She pointed out that “the preacher of the terrorist currently controls (Tal Afar and Abbasiyah), where the gray color of those areas.”

Earlier in the day, the media had announced the destruction of an arms depot and the headquarters of Daish. It also destroyed a terrorist organization’s hideout and two factories to carry out air strikes in Tal Afar, west of Mosul.

Read more: http://www.dinarupdates.com/showthread.php?51095-By-the-map-That-s-what-s-left-for-a-damper-in-Mosul

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“Flash Cast LIVE” – Tuesday (the 21st) w/BGG

Click here for Video Replay

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Kaperoni (Dinar Guru) –   “CBI website has a new look!”   This is a good sign. I know it’s easy to just assume they are remodeling there website..but I think its much more. With all the speculation that the banking system must open up to perpetuate international activities to support global investment, this new website to me is much more polished, professional and institutional. We could be getting closer.

Read more: http://www.dinarupdates.com/observer/
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Chattels (Dinar Guru) –  “CBI website has a new look!”    “H.E Mr. Ali Muhsin Ismail / Acting Governor and Head of the Executive Board”  I believe that the reference to Ismail as the “acting governor” is a change.

Read more: http://www.dinarupdates.com/observer/
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How to provide jobs for the unemployed in Iraq after liberation

Has already touched on the subject of unemployment in Iraq and how to eliminate it in several articles published on this site previously. The articles focused on the construction sector as a tool to eliminate unemployment in Iraq.

Re-writing about this subject again after the publication of economic expert Bassem Jamil Antoine important statistics on the construction sector in Iraq. Based on the statistics provided to us by Mr. Antoine about this sector, Iraq needs 3.5 million housing units, and what is built annually between 30,000 and 40,000 housing units. According to Mr. Basim’s estimates, Iraq needs 25 years to solve the housing problem if a strategic plan is put in place to build 250,000 housing units annually, assuming that Iraq’s population growth is 3%.

Q: How many manpower does Iraq need to build 250,000 housing units in Iraq each year? To build a single housing unit, from start to finish and includes licensing and sorting transactions to the point of completion of the construction of the housing unit and considered ready for housing, may need about 10,000 hours, and divide this figure on 8 hours, the time period for the working day in Iraq, Completion of the construction of a housing unit from start to finish is 1250 days, assuming that there is one factor to build this housing unit, which is unreasonable.

But if we divide the last number on the number of days of the year (365 days), we find that the construction of the housing unit needs 3.5 workers to complete them and make them ready for housing in one year. Based on the figure given to us by Mr. Antoine, the need for Iraq to build 250,000 housing units per year, the number of hands required to build this number of housing units is 875,000 workers annually.

What does 875,000 workers mean to Iraq? Means that the number of people Iraq needs directly to build 250,000 housing units, which includes the staff of the Tabu and sorting, employees of the Secretariat of the capital who grant construction permit, map engineers, construction workers, water delivery workers, sewage workers, pigters and workers of electrical installations. However, this figure is not a final figure for the construction of 250,000 housing units, but there will be a large number of other workers involved in the construction of this number of housing units, but indirectly.

There are a number of workers working far away from residential units in factories and factories, including brick workers, plaster workers, cement, gravel, Kashi workers, carpenters, blacksmiths, truck drivers, textile workers, Paint Dealers, Curtains Dealers, Electrical Material Dealers, Water Founders Dealers, Electrical Appliance Dealers. In other words, Iraq will need an additional 200,000 people to complete and equip 250,000 housing units.

The economic impact of the construction of 250,000 housing units does not end here. Other positive effects on the national economy are the addition of other infrastructure such as public roads, markets, police and security centers, electricity and water services, hospitals and clinics, scientific institutes and schools for girls and boys.

Thus, the construction of 250,000 will create jobs of at least 1.5 million and an opportunity for all specialties from workers to engineers to the primary, middle and middle school graduates, university graduates, and even those who did not have the chance to learn.

The entry of 1.5 million new workers into the labor market will lead to a rise in family income. Instead of having one or two members of the same family without work, after the expansion of the labor market, there will be additional income for the family and higher family income.

And services. Young and young workers will have access to additional clothes, new furniture, new electrical appliances, frequent restaurants, frequent entertainment venues such as cinemas, museums, theaters, music concerts, travel to health care centers, travel inside or outside Iraq For the purpose of tourism.

However, the great advantage of developing a strategy to eliminate the housing crisis in Iraq is to eliminate many of the social problems that accompany the increase in the number of unemployed.

The availability of jobs reduces or eliminates the crime of theft and assaults on others, reduces the incidence of depression among young people by spending long time without work, eliminates youth rebellion against their families and the law, reduces the deviation of young people to the use of alcohol and drugs, The most important of all is job creation for young people, which fosters self-confidence and builds a good citizen, most likely, away from convulsions, nervousness and breaking laws.

The adoption of the strategy to eliminate the housing crisis in Iraq will eliminate unemployment for the next 25 years, with the construction of 250,000 housing units per year, but the calculation of the proportion of residential growth in Iraq (3% (very high for the global rate), will extend the time period To the next fifty years, which is good news for Iraq and the Iraqis, because of the availability of building materials inside Iraq, so I can say that 80% of the cost of building housing units will remain in Iraq and abroad as expenses on the import of building materials, as is the case in most of the Gulf States. For example, the UAE imports dirt from Iran to establish public and private parks.

I have to say, through my experience in Iraq recently, that the Iraqi factor needs training to keep up with the developments of construction, since the correct specifications for construction does not exist despite the durability and quality of building materials.

Secondly, the Iraqi worker needs to get used to setting his dates with the owners of the building. Many of them stop working with different apologies, which are very trivial. Finally, I wish the State, those responsible for education and education to encourage young men and women to engage in technical institutes such as electricity, sanitation, drinking water, repairing electrical appliances, computers and health services. At this stage in Iraq.

Iraq does not need a lot of PhDs and Masters degree as much as it needs service jobs, a fact known to all developed countries in the world, not to mention third world countries, as Iraq is incuded.

Read more:  http://www.dinarupdates.com/showthread.php?51094-How-to-provide-jobs-for-the-unemployed-in-Iraq-after-liberation

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MilitiaMan (Dinar Guru) –   The UNSC Doc published just under three weeks ago this Friday told us all, that there was going to be an action within June 2016 [2017 ?]. That action has a time line by and or before the end of the month. That action is a reaction to things accomplished or that action wouldn’t have even been mentioned.  The UNSC escrow account is being funded or well closed out if you will. End game, symbolically. That has meaning that is profound!  The Oil for Food program is to be done and gone for ever…  I may be wrong, but, that imo is Chapter 7 done in regards to MR and acceptance of Article 8 is in effect or will be, once in synchronization.   [post 1 of 3….stay tuned]

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

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Enorrste (Dinar Guru) –    [The debate continues….]   Each of us is looking at a different set of numbers. In any case, I would personally take Keywords at his word, regardless of the numbers.  Saleh’s statement is sort of like Trump’s “I hope” statement. “Like a hard curency” is not the same as “world reserve currency” in my view.  I believe that, unless Planet X wipes us out in the next year or so, the dinar will become a world recognized currency. When is another question entirely. I started this over 10 years ago and am still waiting for it to just start, let alone finish.  [reference Guru mike’s post 6-20-2017….will the debate continue?]

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

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The liberation of villages belonging to Tal Afar

BAGHDAD / Military sources said Wednesday that the villages of Tal Afar, west of Mosul, were being restored.

“The forces of the 15th Division of the Iraqi army liberated today the villages (Tel Khima Minor and Tall Tent of the Great and Mishaqra Olaya and Lower Mishqara and Abu Kaddur and the Baghla and Boer of Tal Afar) during the military operation began this morning aimed at tightening the screws on armed supporters in Tal Afar and reduce The movement was outside the judiciary in preparation for progress towards the center of the judiciary and storming, “pointing out that” the organization had been in control of Tal Afar in June 2014, forcing thousands of residents of the town to move towards the provinces nearby.

Read more: http://www.dinarupdates.com/showthread.php?51102-The-liberation-of-villages-belonging-to-Tal-Afar

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 “Spread love everywhere you go.  Let no one ever come to you without leaving happier.”

– Mother Teresa 

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Iraq’s Abadi says committed to pay Kuwait compensations

Iraqi Prime Minister, Haider Abadi confirmed Wednesday his country’s commitment to pay the rest of Kuwait compensation estimated at $ 4.6 billion.

Abadi described the move as “an obligatory decision”.

In a press statement, Abadi said “Baghdad has provided the Kuwaiti government with information about the missing Kuwaitis”.

Abadi pledged to end all other issues with Kuwait, pointing out that the two countries have succeeded in restoring balance to their relations.

Prime Minister Haider Abadi visited Kuwait last Wednesday as part of a three-day regional tour that also included Saudi Arabia and Iran.

Read more:  http://www.dinarupdates.com/showthread.php?51103-Iraq-s-Abadi-says-committed-to-pay-Kuwait-compensations

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U.N. goes stealth to help rebuild ISIS-ravaged Iraq

U.S.-backed Iraqi forces are close to tearing the city of Mosul out of ISIS’ stranglehold. Once they do, the sprawling city will join dozens of other towns and villages that need to be rebuilt virtually from the ground up.

A vast swath of northern Iraq is reeling from violence and destruction that has forced almost 900,000 people to flee their homes in the last year alone.

Efforts to bring those Iraqis back home are robust — and unique; the United Nations has more than 800 stabilization efforts underway across the country — work the U.N. has done in many countries following many conflicts. But this time, the work is aimed at building confidence in local governance as much as it is at rebuilding Iraq’s shattered infrastructure.

U.N. equipment and supplies are not stamped with the instantly-recognizable blue globe insignia, and local Iraqi contractors are carrying out the work in the name of the Iraqi government, rather than foreign contractors. The U.N.’s new strategy is designed to minimize the promotion of its own work, and to instead quietly facilitate a “for the country, by the country” reconstruction.

“The Iraqis coming home don’t necessarily know that it is the U.N. that is helping them. They see that the government cares for them and the government is doing things for them,” Lise Grande, Deputy Special Representative of the U.N. Assistance Mission for Iraq, tells CBS News. “That helps to reinforce a sense of confidence in the government; as citizens, they need to know that the government is for them.”

Rebuilding and reviving ISIS-destroyed towns means wires running along dusty neighborhood roads, connecting small, efficient electrical grids to homes to bring back electricity. It means temporary piping to give residents water to bathe and cook upon their return. The makeshift, temporary nature of the repairs means many liberated Iraqi towns look a little messy, but it is a mess in the name of vitality, not destruction.

The efforts are deliberately scrappy because speed is a priority. The day that Ramadi was liberated the UN brought in 71 mobile grids. They were operational in 2 hours. Each was able to connect to 250 home each meant a large portion of the city had power immediately. The idea is simple: if there is power and water displaced families are more likely to come home. Once they are home, the desolate towns begin social revival.

The small stabilization power grids won’t be the long-term fix. But setup is fast and they do not require the high-in-demand inputs like cement. While they are working to light up homes, efforts to repair the larger power grid gets underway.

Grande has been on the ground for two and a half years and she is in constant contact with all members of the Iraqi government across the country to push forward and get effective stabilization efforts up and running. She has been on the ground for the UN in India, South Sudan and the Democratic Republic of the Congo.

Veterans of wars in the Middle East view this overall approach positively. They note that the stabilization efforts in Afghanistan followed a very top-down approach, which proved to be a failure.

“If you are going to have success in Iraq people have to see a reason to have faith in the central government. Whatever happens in the UN name is never going to deal with sectarian, tribal and ethnic tensions,” says Anthony Cordesman, a former U.S. government advisor who is now an analyst for the Center for Strategic and International Studies in Washington. He sees the current U.N. strategy as a means of building trust in the central government of Iraq, increasing hopes for long-term stability.

U.N. workers on the ground say Iraqis themselves are ready to go to work once they get home. In many cases, they have spent their life’s savings just staying alive; moving to safe areas and finding food and shelter for their families. That means when they can return home, they want to be part of what Grande calls the “renaissance.”
She says the locals are eager to help, especially when the faces leading the charge are familiar to them. This year in Fallujah, a local businessman working with the U.N. started to hire widows who had no other source of income to help build a new secondary school. He knew the local market and the local people — innate insights that a large multinational company or organization would have been without. It was a brave move; women in the workforce is still a taboo topic to many Iraqis.

There have been failures with a handful of local contractors, but the minute they violate the terms and conditions of working with the U.N., they are cut off.

Grande says there is no slowing down. Last month it took just 10 days for the U.N. to add 200 stabilization projects in Eastern Mosul. In Fallujah the main water station has been completed and is now bringing safe water to more than 60 percent of the city. The effort took months to complete, “not years,” Grande points out.

Despite an expedient stabilization effort, daily fears of not being able to support the huge number of displaced Iraqis haunt on-the-ground efforts. As the final push for Mosul rages, the number of Iraqis fleeing the city is on the rise every day.

The U.N. relief effort has just barely been able to handle the 6,000 to 8,000 civilians fleeing Mosul daily. The displaced are met at 19 camps on the outskirts of the city. But there are still more than 100,000 Iraqis trapped inside the Old City, where ISIS holds about a square mile of ground, and money is urgently needed to keep up with the demand.

“If very large numbers of people come out (of central Mosul) all at once, we would struggle to cope. Every single day I worry this is the day that 30,000 people will come at once,” says Grande. “We are just one step ahead.”

Read more:  http://www.dinarupdates.com/showthread.php?51101-U-N-goes-stealth-to-help-rebuild-ISIS-ravaged-Iraq

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The cabinet approves the draft supplementary budget law for 2017 and votes on decisions that are mostly economic

The Council of Ministers held its regular session on Thursday under the chairmanship of Prime Minister Haider Abadi.

Baker Bayan issued by the Iraqi government that the Council of Ministers approved the draft bill for the federal supplementary budget for the fiscal year 2017 and referred to the House of Representatives.

The House of Representatives voted on (7 December 2016) on the budget of 2017 all of its articles.

During the meeting, the vote on the national housing project in Maysan province, where the National Investment Authority grant and issue an investment license based on the memorandum of understanding between the province of Maysan and a number of companies.

The statement added that the board of directors’ system was voted in the educational hospital, as well as in the health departments in the provinces.
The statement added that the Council of Ministers voted on the system of selling and renting real estate and state land, and the public sector for investment purposes and control.

The draft law on graft was voted on.

The statement said that the Council voted on the framework document for the general national plan for reconstruction, as was approved the draft bill for the federal supplementary budget for fiscal year 2017 and referred to the House of Representatives.

Read more: http://www.dinarupdates.com/showthread.php?50793-The-cabinet-approves-the-draft-supplementary-budget-law-for-2017-and-votes-on-decisio
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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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Iraq’s oil exports in June near May level, oil minister says

Iraq’s oil exports from fields owned by the central government in Baghdad are at around 3.27 million barrels per day (bpd) so far in June, about the same level as in May, Oil Minister Jabar al-Luaibi said on Thursday.

Total exports for all fields in Iraq, those of Baghdad and the Kurdish region in the north, have averaged 3.8 million bpd so far in June, he told Reuters in the southern oil city of Basra. The country as a whole is producing about 4.315 million bpd, he said.

Kurdish exports are running at about 520,000 to 530,000 bpd so far this month, he said.

Iraq is in “quiet negotiations” with foreign oil companies operating in Iraq to amend their services contract, he said, declining to give more details.

The country wants to change the terms of the contracts it deems no longer in its favor after oil prices collapsed three years ago, when they were in excess of $100 per barrel, to about $45 per barrel now.

Oil prices should start recovering by the end of July, to reach $54 to $56 a barrel by the end of the year, Luaibi said.

Iraq is the Organization of the Petroleum Exporting Countries’ second oil producer, after Saudi Arabia. The group in May rolled over an agreement to cut oil production with other exporting nations, until March, in order to support oil prices.

“Iraq supports the agreement that we reached; if developments happen contrary to OPEC’s interests, the (OPEC) ministers will hold an extraordinary meeting,” he said.
Iraq will continue developing its production capacity and will start executing a sea water injection project in its oilfields at the end of the year, even without an agreement with Exxon (XOM.N), he said.

“We are now in talks with Exxon Mobil, if we don’t reach an agreement, we have other options,” he said.

Read more: http://www.dinarupdates.com/showthread.php?50806-Iraq%92s-oil-exports-in-June-near-May-level-oil-minister-says

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Iraqi Dinar/Dollar auction 06-21-17 (most recent listing)

Currency Auctions Announcement No. 3470

This daily currency auction was held in the Central Bank of Iraq on the 06-21-2017

DETAILS NOTES
Number of banks 39
Number of remittance companies 10
Amount sold at auction price (US$) 159,617,756
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 159,617,756
Total offers for selling (US$) —–

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

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CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1325.962 1325.299
British pound GBP 1515.757 1514.999
Canadian dollar CAD 895.884 895.436
Swiss franc CHF 1219.613 1219.003
Swedish krona SEK 135.962 135.894
Norwegian krone NOK 140.286 140.216
Danish krone DKK 178.289 178.200
Japanese yen JPY 10.663 10.657
Special
Drawing Rights
SDR 1636.868 1636.050

Indicative rates – 06.21.2017

http://www.cbi.iq

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