Al-Jaafari: The Kuwait conference is a humanitarian step in the world
The Iraqi Foreign Minister, Ibrahim al-Jaafari, discussed with the Kuwaiti media delegation headed by Adnan Khalifa Al-Rashed, in the presence of the President of the Union of Arab Journalists, the Iraqi Journalists Syndicate Muayyad al-Lami, further strengthening bilateral cooperation in the media field and the positive role of the media in enhancing relations between the two brotherly peoples.
“The relationship with Kuwait is a relationship established by the unity of interests and destiny,” a statement from his office said. “Jaafari talked about aspects of the bilateral relations between the two countries and their importance in light of the historic ties between the two peoples,” a statement said.
He praised “the positive development in relations in the recent period, and Kuwait’s keenness on the stability of Iraq, and the implications for further development, and deepen cultural, commercial and economic relations.”
“We have used the good initiatives from Kuwait, and we hope that they will continue to support Iraq,” Jaafari also praised the Iraq reconstruction conference to be hosted by Kuwait in February.
He pointed out “the recovery of the Iraqi regional role and its restoration to its place in the region, which represents a great asset for the Arab nation to face the serious challenges it faces and preserve its territorial integrity.”
For his part, the Kuwaiti media delegation “stressed the continued support of Kuwait to Iraq in various fields,” noting that “Iraq is the closest to Kuwait culturally and socially.” He pointed out that “media coverage of the work of the donor conference for Iraq’s support will be very broad to mobilize support for the Iraqi people.”
Read more: http://www.dinarupdates.com/showthread.php?56054-Al-Jaafari-The-Kuwait-conference-is-a-humanitarian-step-in-the-world
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Dinar Updates – BGG & the NEWS
Jan 2oth – Rec. Dinar News Call
641-715-3639 pin #932875
01/20- Recorded Call Replay Link
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Visit of the Governor of the Central Bank of Iraq Branch Basra
In his visit to the branch of Basra: Governor of the Central Bank confirms the continued support of the banking sector in all of Iraq
The Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail visited with a delegation of advanced leaders in this bank branch of the Central Bank in the province of Basra, and the delegation was keen to meet the staff of the branch and discuss the most important organizational matters in the work of the branch.
The Governor praised the work of the branch staff, stressing that the Iraqi Central Bank support the banking sector working in Iraq.
BGG ~ I am a little curious as to what the bill is that is pictured in this last shot? I have looked around some and can’t seem to come up with an ID on it.
(Update: according to Yahoo images, the note in question appears to be a 1947 10 Dinar note with King Faisal II on it. Probably some commemorative ceremony. Still very interesting.)
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Kaperoni (Dinar Guru) – Article: “Officially .. the end of the “Daesh” militarily in Iraq” Quote: “Announced the Iraqi Interior Minister Qasim al-Araji, on Friday, the end of the terrorist organization Daesh militarily in Iraq, after the liberation of the city of Rawah, western Anbar province from the grip of the entire organization.” This is big news. The Iraqi gov can now move forward with the economy.
Read more: http://www.dinarupdates.com/observer/
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Kaperoni (Dinar Guru) – Article: “Strengthen international confidence in Iraq’s economic capabilities” IMO, there is no external confidence in Iraq’s banking system until the CBI is in Article VIII and dinar transactions are accepted worldwide through the global banking system. They can talk about all they want, but I don’t think investors will come if they cannot get there profits out of Iraq. Iraq needs to understand this and begin currency reform.
Read more: http://www.dinarupdates.com/observer/
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Ten conditions in front of Barzani for the settlement of things
Baghdad News – The federal government committed the delegation of the Kurdistan region, which came to Baghdad on Saturday under the chairmanship of the President of the region, Nigervan Barzani, ten conditions for the settlement of things between Baghdad and the region.
The following are the conditions imposed by the government of the delegation of the region:
First: commitment to the unity and sovereignty of Iraq on all its territory and that the region is part of Iraq.
Second: Re-activate all federal authorities in the region, including border ports and airports.
Third: Continuation of the work of the competent committees to open airports under the federal authority.
Fourth: Complete all procedures for the return of all the authorities and federal forces.
Fifth: The international borders are under federal control as one of its exclusive powers.
Sixth: Adherence to the borders of the region in 2003, as stipulated by the Constitution and not to exceed them.
Seventh: The oil extracted from the fields within the territory is handed over to the federal authorities.
Eighth: The export of oil exclusively by the federal government through the national oil company Sumo.
Ninth: Complete the work of the commissions on the salaries of the staff of the region to ensure their access to the actual staff.
Tenth: the accounts of the salaries of the region’s employees to the Federal Audit Bureau in Baghdad.
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12/27 – Recorded Call Replay Link
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The United States will participate with a large delegation at the Kuwait conference for the reconstruction of Iraq
US Ambassador Douglas Seelman said his country will participate in a large delegation at the Kuwait Conference on Iraq Reconstruction scheduled for mid-February.
“The United States will participate with a large delegation at the conference to support the reconstruction of Iraq to be held in Kuwait,” Sileman said in a press statement during his visit to Karbala.
He noted that “this visit is the first of the province of Karbala and the US government looks forward to helping Iraq in the reconstruction after the defeat of ISIS.”
The conference is likely to be held in Kuwait from Feb. 12 to 14, with the participation of countries, organizations and companies.
The government estimated that it needed $ 100 billion to rebuild the devastated areas of the ISIS.
Read more: http://www.dinarupdates.com/showthread.php?55999-Governor-of-the-Central-Bank-Iraq%92s-financial-situation-continues-to-improve
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Chattels (Dinar Guru) – Articles: “Know the strategy of Maliki’s coalition to achieve the political majority in the next session” “Rivals may team up to defeat Iraqi Prime Minister Abadi” Another reason that a political alliance between Maliki and Barzani is dubious is that if the “possibility for an alliance with all political parties, including Barzani’s [KDP], …” depends upon a commitment to “the [will of the] political majority.”, I doubt that the Kurds can / will so commit. The Kurds and other minorities value and depend upon the doctrine of consensus in government / legislation. Otherwise minorities will ultimately be overwhelmed by the Shia political majority, IMO.
Read more: http://www.dinarupdates.com/observer/
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Kaperoni (Dinar Guru) – Article: “Alaq announces the opening of a new branch of the central bank in Najaf ” Quote: “The governor of the Central Bank of Iraq Ali Alalak revealed, on Tuesday (December 26, 2017), that the bank reserves of foreign currency of 48 billion dollars, pointing out that Iraq will not resort to floating the currency.” Until they get in compliance with the IMF and reduce the spread to 2% or less, I would assume any such discussion is a “stable dinar”. Eventually they will have to float to compensate for the pressure created by the influx of investment capital.
Read more: http://www.dinarupdates.com/observer/
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Rafidain Bank announces the issuance of Master Card for Iraqis residing in Jordan and the UAE
Al-Rafidain Bank announced the issuance of the international MasterCard card for Iraqi citizens residing in Jordan and the UAE.
“MasterCard International has been issued at branches in Amman and Abu Dhabi for Iraqis residing there to receive their financial dues,” the bank’s press office said in a statement.
“The Bank’s branches in Beirut, Amman and Abu Dhabi continue to provide the best banking services to Iraqi residents in these countries.”
It is noteworthy that Rafidain Bank continues to provide services and banking facilities as well as the financial advances of various segments of society.
Read more: http://www.dinarupdates.com/showthread.php?55993-Rafidain-Bank-announces-the-issuance-of-Master-Card-for-Iraqis-residing-in-Jordan-and
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Abadi Gives Corrupt Individuals Two Options: Return Money or Face Prison
(Today’s FLASHBACK from November 2017)
Iraqi Prime Minister Haider al-Abadi has waged a fierce battle against corrupt officials, giving them two options: handing out the funds or face prison.
During his weekly press conference on Tuesday, Abadi said the corrupt had to either hand out the stolen money – and maybe get an amnesty – or lose their money and spend the rest of their lives in prison. He said his warning was similar to the government’s action against ISIS in terms of asking the militants to surrender or die.
Local sources clarified that Abadi was hinting to a prominent businessman and contractor who gained dozens of investment and service projects via his contacts during the term of Nouri al-Maliki between 2006-2014.
Abadi has been stressing in the past months on “fighting corruption” as his next step after defeating ISIS.
Islamic Dawa Party, in a statement, revealed that party member Salah Abdel Razek was investigated and found guilty of corruption.
“I tendered my resignation before the secretary general of Islamic Dawa Party Nouri al-Maliki due to the delicate situation of the party as well as personal reasons. I pledge to remain loyal to Maliki’s patriotic approach,” wrote Abdel Razek.
Islamic Dawa Party sources told Asharq Al-Awsat that the decision to sack Abdel Razek preceded his resignation statement.
The sources asserted that the party is seeking to abolish corruption ahead of elections expected in May, signaling that the party intends to sack and hold accountable a number of members who occupy critical positions in Iraq.
Dawa Party’s experience in the authority has severely impacted its reputation and led to frustration among the people, given that it keeps its grip over the highest executive authority in the country, meaning the premiership.
BGG ~ Throwback Thursday!! A quick look back to November of 2017 for those saying Abadi is as corrupt as all the rest and will do nothing about Maliki. I do not believe this to be the case.
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Dinar Updates – Q & A Call – with BGG from Dec 27th – 8:00 pm Conference Call Phone # 641-715-3639 pin #932875
12/27 – Recorded Call Replay Link
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5.6 quake strikes Iran-Iraq border near Kurdish cities
ERBIL, Kurdistan Region – A 5.6 magnitude earthquake hit Iranian Kurdistan on Thursday near the Iraq border, where infrastructure is already weakened from a recent series of earthquakes and aftershocks.
GEOFON, the Global Seismic Network with seismic waveform monitoring data stations in Europe, the Mediterranean and Indian Ocean regions, had posted initital reports of a 5.5 magnitude earthquake striking at 9:59 a.m. (local time). The German-based research institute later confirmed the strength as 5.6, as well as a series of strong tremors which followed until 12:32 p.m.
Its epicenter was reported as 23 kilometers west of Mandali, a diverse border town in Diyala province that is home to Kurds, Turkmen and Arabs. Mandali is a Kurdistani or disputed area claimed by both Erbil and Baghdad.
Another 4.4 earthquake hit nearby halfway between the Kurdish majority cities of Kermanshah and Sanandaj in Iranian Kurdistan on Sunday morning in the already fragile city which suffered from a 7.3 magnitude quake in November…
Read More: http://www.dinarupdates.com/showthread.php?55974-5-6-quake-strikes-Iran-Iraq-border-near-Kurdish-city-(Erbil)&p=180882#post180882
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Abadi is investigating around 125 individuals accused of smuggling money abroad
Baghdad today – MP Jasim al-Bayati, the existence of 125 personalities accused of smuggling money out of the country, noting that Abadi investigated their files with international bodies two years ago.
“Prime Minister Haider al-Abbadi has been investigating with international bodies in bank accounts of 125 Iraqi figures with signs of smuggling money out of Iraq,” al-Bayati, who is close to the prime minister, told Baghdad today.
Al-Bayati added that “international bodies are working to gather information and have a sufficient database of the funds of these officials and inflated their funds in close periods.”
“The prime minister will give the database to the Iraqi Judicial Commission, which he set up for review, audit of funds and names, and external accounts.”
Read More: http://www.dinarupdates.com/showthread.php?55960-Abadi-is-investigating-around-125-individuals-accused-of-smuggling-money-abroad&p=180866#post180866
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Some interesting headlines…
Gorran, Komal, CDJ join forces for Iraqi elections in disputed areas
Barham Salih elected head of CDJ, pledges to fight corruption
KRG refutes Abadi’s figures, calls for ‘serious talks’
Despite losses, Kurds have ‘promising future’ if united: Masrour Barzani
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How to recognize the counterfeit Iraqi currency
[Ayna-Baghdad] The Central Bank of Iraq, issued a design illustration of the Iraqi currency the truth of the counterfeit.
BGG ~ Here are a few obvious points…
1) I find it a little curious all this recent “float vs. no-float” talk in the marketplace lately.
2) Dated today, the CBI decides to put a “how to spot fake currency” memo…
3) Did anyone happen to notice the last 3 notes? I had to go back to my currency and dig out these notes to figure out what they were. That is a 1k, a 500 Dinar and a 250 Dinar note.
WHY IN THE WORLD WOULD THE CBI BOTHER TELLING ANYONE HOW TO SPOT A FAKE 1K, 500 Dinar and 250 Dinar note?? The 1k is worth less than $1 right now… the 500 is about .50 and the 250 is not even worth a quarter!!
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Central Bank: We aim to complete all financial transactions electronically
After the completion of the infrastructure of payment system retail
Baghdad / Hussein Thagb – The Central Bank of Iraq for the coming period to make all financial transactions through the banking system and electronic systems developed by the Central Bank in the field of payments, which contribute to make the monetary mass an active player in the process of sustainable development
Director of Payments Department in the Central Bank of Iraq, said: “The central bank’s goal for the next phase is to complete all financial operations in the country for the public and private sectors through the banking sector.” She pointed out that “these operations are not through the deployment of equipment allocated in All places or issuing special cards and are pulling money through, but the integration of electronic collaboration is when the transactions in the public and private sectors as a whole through electronic cards so that this step will be complementary to the process of localization of salaries and become financial operations are Abraljhaz banking.
Dealing in Cash
She pointed out that the introduction of the private sector owner to a large block of cash to electronic transactions requires special products dealing with their trade and their needs for cash and be more flexible than dealing with cash, and here requires the introduction in the official channels of electronic transactions away from the complexity. To make all private sector institutions within the settlement of salaries, pointing out that this requires cooperation by public institutions such as taxes and departments of the
Ministry of Commerce.
Infrastructure
“In view of the evolution of the Iraqi payment system, the launch of the salary settlement project, the remarkable progress in increasing the number of bank accounts and the completion of the retail payment infrastructure, which is one of the cornerstones of the improvement of the working environment, the aim is to attract deposits and manage remittances by banks On all levels (personal and commercial) and that all parties within the system and maintain the cycle of cash through the banking system and away from the circulation of cash “She drew Abdul Karim that”The opportunity for individuals of interest and crafts to register their entities from shops, shops, markets and workshops in the Registrar of Companies or any competent authority under the condition of the tax number and bank account are impossible if not accompanied by decisions to encourage, motivate and facilitate the formal procedures of registration to prevent manipulation and corruption at the same time Through cooperation between all parties, whether regulatory, security and municipal to be all these entities have a number / commercial record and a tax number and a bank account. ”
Electronic wallet
director of a specialized companies weigh – Tamimi said: ” The Partnership is working to provide e – wallet services through its network, and can co – pay bills, transfer money, buy electronic cards and more services,” pointing out that the deposit operations and withdrawals made through thousands of centers “The citizen can register in the electronic wallet with high speed, so that he can register in the temporary portfolio by logging into a specific application, where it is valid Live this wallet only sixty days. And can register in the wallet Aldaimip by going to the nearest authorized agent and submit the required documents and the identity of the Civil Status card housing. ”
Culture
He pointed out that the main objective of the localization of salaries is to spread the culture of dealing with the banking system, and that the salaries of employees guaranteed, because the banks dealt with by the Central Bank can be described as Almsrinp, “pointing out that” the central bank is the guarantor of salaries of employees, “He pointed out that” salaries not withdrawn by employees (savings) increase the liquidity of banks and may be used as development loans and thus become the salaries of state employees a tributary of economic growth. ”
Read More: http://www.dinarupdates.com/showthread.php?55946-Central-We-aim-to-complete-all-financial-transactions-electronically
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Enorrste (Dinar Guru) – Article: “Central Bank: float the dinar is difficult to apply in Iraq” Alaq is giving a progress report on the plans to open the currency to a float. They have taken “a package of measures” to bring them to the point where a float will work. …Then he goes on to state that they are making efforts to achieve “financial inclusion” which I take to mean international acceptance of the dinar, now that the security and financial stability have been dealt with. Finally, he concludes by stating that paying federal employees through bank deposits is working to get people to use the banks. [post 1 of 2….stay tuned]
Read more: http://www.dinarupdates.com/observer/
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Enorrste (Dinar Guru) – The reason for the delay, in my view, is this last item. Unless and until the CBI can get the dinars out from the mattresses they are cautious to begin the float. In short, there are just too many dinars in circulation. However, as they get people to move to banking they can remove the large notes from circulation and begin the float. Therefore, I see this article as positive. It is a report card only but points to a goal (the float) that is imminent. I get to this conclusion because…it specifically is mentioned that Egypt moved to a float, but “too late.” This would imply to me that the CBI is not going to be “too late” in moving forward, unlike Egypt. [post 2 of 2]
Read more: http://www.dinarupdates.com/observer/
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Iraq to export oil from Kirkuk by end of month: Minister
ERBIL, Kurdistan Region (Kurdistan 24) – Iraqi Oil Minister Jabar al-Luaibi on Sunday announced Baghdad will start exporting oil from the disputed province of Kirkuk to Iran before the end of January.
“About 30,000 barrels per day of crude will be trucked to Iran’s Kermanshah refinery in the first instance,” he said according to Reuters. “God willing, we will start before the end of the month.”
The recent deal signed with Tehran to swap up to 60,000 barrels per day (bpd) of oil from northern Kirkuk is for one year and subject to renewal, Luaibi said earlier in December.
An agreement between the two countries was signed last year which allows Iran to deliver crude “of the same characteristics and in the same quantities” as those it would receive from Kirkuk to southern Iraqi ports on the Gulf.
“This is an agreement for one year, and then we will see after that whether to renew it,” Luaibi told reporters in Kuwait on the sidelines of an Arab oil ministerial conference.
Read More: http://www.dinarupdates.com/showthread.php?55938-Iraq-to-export-oil-from-Kirkuk-by-end-of-month-Minister
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BGG (Dinar Guru) – Article: “Anti-Government protest continue for third day in some Kurdish cities” These unfolding events are BIG NEWS… Barzani’s “Old Guard” regime is on the verge of collapse. Abadi has been plain in his efforts to protect and help ALL the people of Iraq.
Read more: http://www.dinarupdates.com/observer/
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Kaperoni (Dinar Guru) – Article: “A new term Atdoual Iraqi banks and earns “millions” during hours without paying one penny” Quote: “the daily speculation carried out by traders across the volatile instruments affect the stability of the currency rate and the size of the cash reserves of foreign currency because the bank will cover the needs of Iraq Foreign trade, but these speculators use these reserves for the purpose of profit.” So they either reduce the spread to 2% or less as required by the IMF or start the currency reform and float the currency so they can eliminate the dollar auctions.
Read more: http://www.dinarupdates.com/observer/
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Rafidain Bank in Dhi Qar confirms that the introduction of ATM depends on the currency
Said the director of the Rafidain Bank in Dhi Qar Hussein Abbadi in a televised interview broadcast by the local Nasiriyah that the introduction of ATM in the markets and banks are subject to the implementation of the decision to delete zeros from the Iraqi currency, pointing out that the Iraqi currency suffers from large inflation at the present time.
http://www.nasiriyah.org/ara/post/55155
BGG ~ This article is from Dec – 2014 (I posted this a while back, as well…)
The person talking here is the director of the Rafidain Bank in Dhi Qar – Hussein Abbadi.
First off, I think this translation or reference to “inflation” is really talking about the size of the denominations and the value of the currency, not the actual inflationary index as many people assume. That would be a pretty long contextual leap. This is referring to the currency in a more direct sense.
He’s talking about the size of the notes and the value – IMHO.
Which, when taken in combination with the recent events – for instance, Rafidain offering this “wonderful ATM service” just lately, at least piques my interest.
Am I saying the ATM’s are loaded with lower denoms? No. They didn’t say that.
Am I saying A + B = C?? No. They didn’t say that either.
I am merely pointing out – in 2014, Rafidain laid out conditions for ATM services.
Here we are with a campaign to introduce this “miraculous ATM service”. Couple this with a very direct push to eliminate the CBI auctions… perfect STORM??
I do not know – but I am SO INTERESTED in watching this unfold.
P.S. Mr White and I did talk about this on our last call. Stay TUNED FOR MORE!!
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https://www.facebook.com/groups/571383766355188/
(go here and ask to join… then add some Dinar Friends!!)
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Post RV Checklist (it’s getting to be that time!! Listen up!!)
Dos and Don’ts of Windfall Wealth:
Treat it like a PowerBall win
– Tell no one, not even family. If you must talk, do so with one who is already in the know.
– Don’t run out & buy new “stuff”. People notice.
– Get an unpublished number and give it out very sparingly.
– Get a tax accountant you can trust to make sure the IRS is satisfied (Certified Opinion is something to look into) and pursue asset protection…
Read Complete List: http://www.dinarupdates.com/showthread.php?18519-The-Post-RV-Checklist-and-Flashback-documents&p=128477#post128477
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