UK MP: “Huge potential for growth in Iraq”
IBBC NEWS: Ms Tasmina Ahmed Sheikh MP, Trade and Investment spokesperson for SNP, gives Keynote Speech to members at IBBC Council Meeting Dinner: “Huge potential for growth in Iraq”.
Thank you very much for that warm welcome, and the invitation to speak to you all this evening.
If it wasn’t already challenging enough to address such a senior and knowledgeable audience, I was delighted to hear that I’d be introduced by my friend and fellow Member of Parliament, Mr Salmond. Who wouldn’t feel overjoyed to give a speech to so many representatives from major oil companies in front of the man who created the Royal Bank/BBC oil index during his time as Chief Economist for the Royal Bank of Scotland? At least we can all console ourselves that this career achievement, which is still running today, was set up by the Rt. Hon Member for Gordon 34 years ago. He must have been some child prodigy..
I’ve been asked to touch on three issues with you this evening:
How to persuade the under-utilised Scottish oil, gas and engineering sector to bring their expertise and trade to Iraq.
To give my “speculative thoughts” on a second Scottish referendum and EU situation?
And finally, how to get more Women in business
I have to say that my thoughts on our constitutional situation are less speculative today than they were yesterday morning, but I’ll come to that in a moment.
Read More: http://www.dinarupdates.com/blog/
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Loop (Dinar Guru) Article: “UK MP: “Huge potential for growth in Iraq” Quote: “Although Iraq is not yet a member of the WTO, which has its own short-term challenges, its eventual accession will enhance structural and Iraq’s reintegration into the multilateral trading system. The organisations who gain most from engaging with this emerging market will be those which have a stronger base to build from when Iraq’s WTO status is confirmed.” Here is a speech from a UK MP from Scotland addressing…advantages of investing in Iraq before they become full members of the WTO.
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BGG (Dinar Guru) Ok – big news. Abadi did this interview with Chris Wallace on Fox News Sunday…there were a couple of real humdingers that stuck out to me…but first…go back a few months – we really thought the early, early part of this year was a good window – why? Because Abadi and Alak SAID SO…we typically follow their news…long story short – we had every reason to believe we were (and still are) in the end phases of this thing. Because of their own comments. [post 1 of 2….stay tuned]
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BGG (Dinar Guru) Here’s what happened – hind sight…Abadi and Alak were “forecasting” what the near future looked like based on what they feel like the progress will be and what “markers” the international community has laid out for them. While we are fairly convinced Mosul is some kind of primary issue – according to Abadi in this interview – he predicted a full military defeat of ISIS in weeks – NOT MONTHS. Very SOON were his exact words. Wallace said “months”? Abadi said “WEEKS”!! That – my friends… is BIG NEWS. [post 2 of 2]
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Frank26 (Dinar Guru) – IN MY STRONG OPINION…the MR has been going on inside of Iraq for quite awhile ago. We’ve shown you many articles of how this is possible. Infancy is NOT the starting of the MR…it is in the stage that it is in right now… WALKING…taking it’s BABY STEPS…and soon…it will start WALKING VERY FAST! The speed will pick up just like we told you. BRILLIANT CALCULATED STEPS by Abadi and Trump! The East is done is Mosul…and 95% done on the West side of Mosul. Abadi said …I will announce to the world that Mosul is liberated at the Arab Summit. Abadi is under the US control…not like a puppet …we are a TEAM …Abadi is a TEAM PLAYER…and when he returns back to Iraq…GAMES ON!
BGG ~ This is complete B.S.
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BGG (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] Just the opposite…them dealing with their corruption issues will help the world accept a higher rate for the Dinar. I am positive this is one of the items the IMF will be discussing shortly.
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Kaperoni (Dinar Guru) – Article: “Iraq on the brink of an ambitious program looming…” I am encouraged that we will see the beginnings of currency reform within the next few months. We can hope anyway.
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loop (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] IMO…They have a good handle on the corruption going on in the banking sector. While they still have work to do on this front they have systems in place to catch the crooks. So I do not see it has stopping them from a rate change at this point.
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Adam Montana (Dinar Guru) – There’s one name in particular that I’m happy to see in the news: Abadi. Anyone who’s been in this for more than a couple years has seen the amazing progress that’s come about since Maliki got the boot and Abadi came stomping in with the big boy pants on! The GOI was revamped, decluttered, and streamlined. Parliament picked up the pace and got a lot of things done that were simply not happening under the previous administration, and now: 1. Abadi confirms he’s planning on running for a second term. I see this as a shoe-in, no-brainer, it will happen, DONE. (Yes, we are going to hear some noise from the Maliki Camp, I say…ignore it). 2. Abadi is working hard towards full IMF and basically global support, and the fruits are coming. [post 1 of 2….stay tuned]
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Adam Montana (Dinar Guru) – 3. “This week on Fox News Sunday: Haider al-Abadi, Prime Minister of Iraq, in an exclusive interview.” Get your popcorn out! Abadi on with Chris Wallace this weekend. Don’t expect a huge announcement from Abadi on the RV…this is just more proof that Iraq and the PTB are not going to stay where they are. The country is poised to make a leap, and we’re watching! Another thing I am paying close attention to in the news is Saudi Arabia… there is a LOT going on with that country right now. It’s a very complex situation, but the direction is tremendously good for us and for Iraq’s future as a very powerful and wealthy country. That might be one of the reasons why Saudi Arabia is taking these steps: “Saudi Arabia plans to cancel previous debt on Iraq” Bottom line…this is happening fast, and we’re just here for the ride. [post 2
of 2]
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MadDScout (Dinar Guru) – I know Abadi had a busy day today [Tuesday]. Abadi today met with : President Trump, V.President Pence, Secretary of State Rex Tillerson, Speaker of the House Paul Ryan and members of Congress, US Trade secretary Wilbur Ross, US Chamber of Commerce, along with delegations from GE and Boeing among others. This is a very good feel of how the new US President is working in a positive way with Iraq. [post 1 of 2….stay tuned]
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MadDScout (Dinar Guru) – Article: “Abadi discusses with US Trade Secretary lifting obstacles to investment companies” Quote: “Prime Minister Haider al-Abadi, during his visit to the United States, discussed with US Commerce Secretary Wilbur Ross the promotion of trade cooperation between the two countries.” This was a very good meeting from reports. I can not remember a one day event that produced so much positive for all sectors. It was like Abadi ran the table today. LOL …was a very positive day for us investors and for Iraq as a whole. [post 2 of 2]
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Backdoc (Dinar Guru) …THE TWO SHIA BROTHERS (iraq and Iran) HAVE BEEN DELAYED IN THEIR NEW INTERNATIONAL PAYMENT SYSTEMS BUT THAT WILL COME TO AN END SOON. IT APPEARS THE TWO SHIA BROTHERS HAVE HAD A SIMILAR DELAY? …BASED ON THE ADDITIONAL ARTICLES THAT I HAVE STUDIED, I BELIEVE ALL IS ON TRACK FOR BOTH SHIA BROTHERS.
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Eat Well – Lose Weight!!
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Backdoc (Dinar Guru) Article: “Keywords announce start implementing the e-government project” VERY INTERESTING…WE GO FROM IMPLEMENTING THE DIGITAL E- DINAR ON FEBRUARY 8TH TO NOW GOING DIGITAL FOR GOVT. FUNCTIONS! YES, THE DIGITAL BLOCKCHAIN ADDS BETTER SECURITY, SPEED, AND EFFICIENCY! THIS WILL HELP PUT A HURT ON CORRUPTION!
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Adam Montana (Dinar Guru) – You’re probably also seeing a lot of positive news regarding ISIS, Mosul, etc on the “tube”. Or at least, you aren’t seeing so many negative news stories… and you know why that is, don’t you? It’s very simple – the media isn’t making a big deal about Iraq anymore because things are going REALLY GOOD, and those aren’t the stories that sell ads! …there is a LOT of progress happening right now with oil, agreements, and security. These are exactly what we want to see! We are getting to a point in this Iraqi Dinar situation that has me excited again, finally, and it’s been a long time since I felt this upbeat about the Dinar. We’ve been going in the “right way” for a long time, but now we are on a STRONG path to victory!
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Kaperoni (Dinar Guru) – Article quote: “in addition to the reform of the banking sector to support growth led by the private sector before starting the process of reconstruction in post – Daesh.” This seems to imply the banking sector reform is just around the corner…
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Abadi, will head the Iraqi delegation at the Arab summit instead of President Fuad Masum
Revealed Foreign Minister Ibrahim al-Jaafari, the Prime Minister Haider al-Abadi will head the Iraqi delegation at the Arab summit, which begins next Wednesday in the Jordanian capital, Amman, instead of the President of the Republic Fuad Masum.
Read More: http://www.dinarupdates.com/blog/
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Aggiedad77 (Dinar Guru) – Article: “Iraq looking to raise obstacles to the entry of US companies to invest” IMO when Abadi talks here about “raising obstacles” he’s referring to a lessening of red tape for American companies and also a HUGE reduction in corruption issues that have kept many companies away in the past…He’s smiling because he knows who will pave the way for the success of his government as well as his country…and it will not be Iran…He’s got a new buddy in President Donald Trump and his administration…IMO look for Trump to be paying Iraq a visit this year…Frank [Guru Frank26] said that issues with investors has to do with Iraq’s restrictions on capital movement…as well as UN sanctions not being lifted, thus causing countries and investors to not want to go against the UN…Abadi has some definite changes he needs to make…that he can make…lift those restrictions…raise the value of your currency…get rid of the UN restrictions…IMO.
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Kaperoni (Dinar Guru) – […wondering if Trump can push for currency reform.] Currency reform is a consequence of economic and banking reform. …the IMF has made it very clear the dinar will be floated and will rise as a result of the growth of the economy. There is no confusion, it is stated clearly…the Balassa-Samuelson effect. ”Balassa–Samuelson implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words Iraq’s dinar is directly related to the growth of the private sector/market economy.
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Kaperoni (Dinar Guru) – Article: “International Monetary Fund agrees to release contractors’ receivables” Quote: “The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success…This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process.” So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.
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tman23 (Dinar Guru) – This week in Washington is the NATIONAL COALITION MEETING…THE FIRST WHERE ALL COUNTRIES WILL BE TOGETHER…68! …THIS IS ALL ABOUT IRAQ AND SYRIA AND SPECIFICALLY ISIS…
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Kaperoni (Dinar Guru) – Article: “Sabri: Iraq’s economy will rise over the next five years” ...this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years. Sounds to me like they expect a gradual appreciation of the currency as the economy grows. Anyone? Balassa-Samuelson effect…
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Iraqi command: western Mosul battle finished “on the military level”
by Mohamed Mostafa The spokesman for the Joint Operations Command Brigadier General Yahya Rasoul
Mosul (IraqiNews.com) The Iraqi security command leading operations against Islamic State in Mosul has said the battle in the west of the city was concluded on the military level.
Read More: http://www.dinarupdates.com/blog/
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tman23 (Dinar Guru) – …ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS… OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED…TICK-TOCK…TICK TOCK.
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Kaperoni (Dinar Guru) – The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements… That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII. I don’t see anyway around that. That being said, they could get off the peg without approval from the IMF.
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firefly (Dinar Guru) – Anybody that’s been in this investment for any period of time should know that a lot of negative news will pop it’s ugly head at the end. Just remember what Dr. Shabibi said at Jackson Hole back in 2011 when he was asked when he will do the currency adjustment. After thinking about the question for a bit of time he stated “AFTER MUCH MEDIA PROPAGANDA” This is not about us. Just be thankful we were given the opportunity to be a part of this investment. Timing is everything right now. One mistake in their calculations would be catastrophic. …the true rate will show on the CBI 1st.
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Abadi looking with two US firms electricity and airlines to develop
Economy News / Baghdad …Search Prime Minister Haidar al-Abbadi (who is visiting Washington for now), with two US firms to develop the electricity sector in Iraq and the Iraqi air lines.
Read More: http://www.dinarupdates.com/blog/
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firefly (Dinar Guru) – Historically all currency adjustments are made in the 1st quarter of the fiscal year. Kuwait and Zambia are good reference points. There is much going on behind the scenes that we are not aware of. I for one am extremely excited at where we sit today.
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Kaperoni (Dinar Guru) – Article: “Expert: Iraq is heading for a social market economy within the plan that will last until 2030” More importantly, currency reform must begin before they will ever have a market economy.
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Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
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Deputy: Abadi visit to Washington made Iraq the Middle East equilibrium point
MP in parliament, Abdul Rahman Alloizi, on Thursday, Prime Minister Haider al-Abadi’s visit to Washington has created a kind of balance in the Middle East.
He Alloizi, L / balance News /, said that “al-Abadi’s visit to Washington came in the context, the fact that Iraq today is one of the closest allies of the United States.”
Read More: http://www.dinarupdates.com/blog/
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BGG (Dinar Guru) – Quote: “…Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision…” exactly what decisions do the IMF executive board have to make coming up? I mean – they only deal with one thing. INTERNATIONAL MONETARY FUND. […can the CBI make a move before the DC meetings?] the CBI can do whatever they want…if the IMF doesn’t give their blessing who are they gonna’ sell their currency to? without international acceptance – there is no market. [post 2 of 2]
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BGG (Dinar Guru) – Quote: “The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC.” This is saying these finalization talks were already started…and will resume – (at the latest) in D.C. Quote: “During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.” Mohammed Saleh…he’s been in these big IMF “shindig” meetings from the 5th to the 17th… he’s excited. [post 1 of 2….stay tuned]
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Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
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Iraqi Dinar/Dollar auction 03-27-17 (most recent listing)
Currency Auctions Announcement No. 3408
This daily currency auction was held in the Central Bank of Iraq on the 03-27-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 34 |
| Number of remittance companies | 11 |
| Amount sold at auction price (US$) | 162,126,598 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) |
Read More: http://dinarupdates.com/blog/
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Revbo (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” [I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.] If they don’t turn it loose shortly after Mosul is liberated, they will be wasting a golden opportunity and a ton of momentum for a growing economy and national reconciliation.
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Kaperoni (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.
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Revbo (Dinar Guru) – I don’t know if this means anything, but yesterday was the first time I’ve ever seen no street rate posted on the CBI’s auction page.
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Economists discuss the role of the banking sector in supporting sustainable development in Iraq
Baghdad balances News The governor of the Central Bank of Iraq on the Keywords that borrowers do not pay what Bzmthm is the most prominent banking problems, which led to banks not to meet its obligations in return, while stressing the Parliamentary Finance Committee member Haitham Tamimi said the central bank set the task of handling private banks.
Read More: http://www.dinarupdates.com/blog/
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