More than 99% of Mosul’s right bank liberated from ISIS

More than 99 percent of Mosul’s right bank has been recaptured from ISIS terrorist group, Brigadier General Yahya Rasool, Spokesman of the Joint Operations Command said on Saturday.

In a statement, Gen. Rasool added that military unites are pushing deep into the Old City, noting that the next few days will witness the full liberation of Mosul city.

Earlier, at least eight civilians were killed in two separate attacks on al-Muthanna popular Market on Friday.

Read more: http://www.dinarupdates.com/blog/
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Abadi: Soon we will announce the complete restoration of Mosul

Prime Minister Haidar al-Abadi said that Saudi officials stressed that the strength of Iraq is in the interest of Riyadh, adding that in a few days we will announce the restoration of Mosul in full.

Abadi said during a press briefing today on his tour to a number of neighboring countries. He pointed out that these countries praised the efforts of Iraq, especially in combating the organization of the preachers and the victories achieved by the security forces, adding that Iraq has returned to its real position among the countries of the world.

Read more:  http://www.dinarupdates.com/blog
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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.
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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.
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“Flash Cast LIVE” – Tuesday (the 21st) w/BGG

Click here for Video Replay

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Iraq’s army encircles Islamic State in Mosul’s Old City: military

Iraq’s army said it encircled Islamic State’s stronghold in the Old City of Mosul on Tuesday after taking over an area to the north of the territory.

The army’s 9th armored division seized al-Shifaa district alongside the western bank of the Tigris river, a military statement said.

Read more: http://www.dinarupdates.com/blog
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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]
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Adam Montana (Dinar Guru) –   …it’s just about time to start watching things pick back up... Ramadan is over in just a few days, and we’ll see pretty shortly how this rodeo is going to proceed!   [Ramadan ends on Saturday and then there’s Eid Al-Fitr for what? 3 days?]  Eid al-Fitr is not as much of a hindrance to an RV, but that’s debatable I guess.
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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?]
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Mosul on a date with an Iraqi victory

The Secretary General of the Democratic Peace Rally, Mohamed Iqbal Omar al-Sidli, on Sunday praised the important progress achieved by our armed forces in various formations in the squares of Mosul.

Iqbal said in a statement issued by his press office that “the storming of the old city of Mosul, which represents the last stronghold of the terrorist, is a welcome sign of the completion of the liberation of the province completely from the clutches of criminal gangs.” Drawn by the sacrifices and heroic heroism of our fighters. ”

Read more: http://www.dinarupdates.com/blog
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Enorrste (Dinar Guru) –   According to the CBI website the Gross Foreign Assets at the CBI as of May 25, 2017 totaled $53.4 billion.  Saleh has stated more than once that the dinar is or will be one of the strongest currencies in the world and a reserve currency:  “Saleh said the Agency (news) said on Saturday: The dinar today has become a strong and like a hard currency through the Bank’s policy Central control of the cash raised in the local market.  He explained:  that the dinar covered in hard currency at a rate of more than (100%), and this rare condition, and has a cash reserve large hard currency than for (60) billion dollars retained by the face of difficult circumstances that may occur in the country, giving the power of the dinar against foreign currency.  This statement was made in 2012 but he has reiterated it several times.     [post 1 of 2….stay tuned]
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Enorrste (Dinar Guru) –   …In February of 2014 he [CBI’s Saleh] said this:  He said the appearance of Mohammed Saleh told the “time”, that “the Iraqi dinar is protected range is strong, and the cover of foreign currency is very high unless they are used for the purposes of reserves dedicated to the support of the Iraqi dinar.”  Admittedly he is looking to the future when he makes these statements.  However, he is a member of the planet and an economist. Thus… “There isn’t an economist or currency evaluator on the planet that states Iraq is or will be the strongest currency in the world” is a bit of hyperbole.  The dinars used to purchase foreign currency go directly to the CBI from the banks, since the banks have to get the foreign currency from the CBI in exchange for the dinars. Therefore, no one is saying that it “go[es] back to the banks to begin the cycle all over again.”   [reference Guru mike’s post 6-17-2017….stay tuned for more of this spirited debate]   [post 2 of 2]
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Iraqi Army recaptures villages in western Mosul

Units of the 15th Brigade in the Iraqi Army have recaptured villages of al-Zanazil, Abu Kodoor and Kanisah, located east of al-Kask-al-Mahlabiya road in western Mosul, “We Are Coming, Nineveh” Operations Command’s War Media Cell said on Friday.

It noted that soldiers of these units raised the Iraqi flag over the governmental buildings of these villages.

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

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Exclusive: Parts freed so far in Mosul explained on map 

An updated version of Mosul’s map showing the latest developments in the battle to oust ISIS from occupied districts in the city’s right bank has been obtained by The Baghdad Post on Wednesday.

On the map, the spots marked in green represent the previously ISIS-held areas that have been liberated.

As the map shows, the white spots represent the parts of the war-torn city where ISIS is still controlling.

Read more: http://www.dinarupdates.com/blog/
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Iraqi armed forces announce progress in Mosul campaign, say district north of old city captured

Iraqi forces on Tuesday reported progress in the U.S.-backed campaign to dislodge Islamic State from Mosul, announcing the capture of a district just north the city’s historic center.

With the loss of the Zanjili neighborhood, the enclave still held by Islamic State in the northern Iraqi city has shrunk to two districts along the western banks of the Tigris river – the densely populated Old City center and the Medical City.

Read more: http://www.dinarupdates.com/blog/
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Enorrste (Dinar Guru) –  Article:  “The central bank prepares banks and transfer 25 million per month”   Here is my take on this important development.  It occurred to me that what we are seeing here is a plan to use some of the reserves to reduce the money supply in Iraq. The article makes clear that there is not a corruption problem.  However, they are still putting some limits on the exchange (dinars for foreign currency).  Furthermore…the CBI is making it clear up front that the banks will not be allowed to take advantage of the public who wish to purchase foreign currency.  This means that they will be forced to give the foreign currency at the official rate rather than the market rate.  As word of this gets out there will be more and more people who will want to surrender their dinars at that rate, thus saving many dinars by getting the foreign currency below the market rate.   [post 1 of 3….stay tuned]
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Enorrste (Dinar Guru) –   This will have two effects:  first, it will put pressure on the market rate to come in line with the official rate.  Why would I buy something with 1300 dinar if I could get it for 1160 dinar by simply converting to dollars first (or Euros, etc.).  This will stabilize the market rate immediately and begin to bring it in line with the official rate.  Second, the exchange of foreign currency for dinars will allow the CBI to destroy the dinars turned in (admittedly for a similar draw down on their reserves, however).  The result will put similar pressure on the market rate to begin to bring it in line with the official rate.  Of course the exchange will be monitored and limited so that reserves don’t disappear. The CBI has ample reserves in comparison to the current money supply of dinars.  They could afford to give up even 1/3 of their reserves and still have over 100% coverage of their money supply.  …this is a prudent and simple way to draw down the money supply without affecting day to day commerce…because they will be exchanging with “travelers,” people who are doing so not for daily commerce but to go to a foreign country and spend the foreign currency.  This will therefore have no affect on liquidity within the country.   [post 2 of 3….stay tuned]
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Iraqi forces fully liberate ISIS-held al-Zanjili district in Mosul

Shakir Jawdat, commander of the Iraqi Federal Police said in a statement that ISIS militants were ousted from Zanjili district and that Iraqi forces seized large cache of weapons and explosives.

The terrorist group is no longer in control of western Mosul except inside the Old City and parts of the al-Shifa neighborhood.

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

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MadDScout(Dinar Guru) –   Article:  “The Association of Private Banks appoints a temporary chairman”   Quote:  “the president of the association was accused by specialists on many charges, including providing false information to the Central Bank of Iraq to achieve personal benefits…”  I like this one because it speaks to internal house cleaning…House cleaning within the banking association.  It says that eventually being corrupt will be of no gain.
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Kaperoni (Dinar Guru) –   Article:  “Investment Authority: The current year will see the implementation of a thousand projects in 10 productive sectors ”   …pretty grand expectations…they better get to work.
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BGG (Dinar Guru) –    [IMHO I THINK WE ARE BEING STRUNG ALONG, A TWEET CAME OUT SAID THAT HUNDREDS OF THOUSANDS OF IRAQI CITIZENS ARE RETURNING HOME.  THE GOI AND CBI FOR WHATEVER REASON IS CONTINUING TO DELAY, FIRST ABADI SAID GIVE ME MOSUL AND YOU’LL HAVE ALL THE REFORMS! NOW MOSUL IS NOT ENOUGH HE WANTS ALL OF IRAQ! I JUST PRAY WE HAVE THE REFORMS BY THE END OF JUNE.]  Abadi never said such a thing – in fact, he’s not in charge of international support and acceptance. The IMF, WB and UN is [are?]. If anyone has anything to say along these lines – it’s not Abadi.  Nowhere has Abadi said he wants all of Iraq before he institutes monetary and currency reforms.  In fact, just last week one article inferred they are already well into the process of monetary reform. These are documented facts.
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Iraqi forces take over 90% of western Mosul’s Zanjili, push closer to Old City

Iraqi Federal Police forces took are almost taking over Zanjili district in western Mosul, pushing closer to the Islamic State-held Old City, the service’s commander sid Friday.

Lt. Gen. Shaker Jawdat said his forces were controlling 90 percent of Zanjili district, and were advancing along 10 kilometers in neighboring al-Shifa. Both districts are the last two around the medieval Old City, IS’s last bastion in Mosul from where the group declared in 2014 the establishment of its rule in Iraq and Syria.

Read more: http://www.dinarupdates.com/blog/
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MadDScout (Dinar Guru) –    Article quote:  “The Central Bank of Iraq has started since the beginning of this year to adopt specific benchmarks regarding the participation of banks in the window selling foreign currency (the dollar),” noting that “this comes after what nearly a year of preparation and consultation for the development of such standards as currently drafted…”  They have not been “waiting” on Mosul…Back when they told us that the zero’s were on hold “But” they were making forward movement on criteria…  […the comment NOT waiting on Mosul…what is that saying?]   Although it is important, they are not sitting on their hind end waiting on anything…progress is daily.  [See below for the latest Mosul Map]
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BGG (Dinar Guru) –  Article:  “The parliamentary economy supports the recent central bank measures to regulate the sale window of the currency”  This piece is RICH with detail…   Quote:  “…classification of Bank central banks involved in the window selling currency step very good and its monetary reform”, stating that “the Central Bank has taken these actions in coordination with foreign experts and particularly from the United States of America…”   And it’s monetary reform as the phrasing seems to indicate they are in the middle of the process.  Now.
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MadDScout (Dinar Guru) –  Article:  “The parliamentary economy supports the recent central bank measures to regulate the sale window of the currency”  Najib is saying the “economy is heating up”, and that the Parliament Economic Committee is in support of the strides the CBI has taken to organize and educate those banks taking part in the foreign currency sale, and this conducted in cooperation with the IMF…   Najib confirmed that there were banks who had to rectify their situations, in order to stay a part of the currency sale. She is part of Economic Committee.  In this way the Central Bank is moving forward on reform starting with the currency sale window.  They are moving forward!  I like that reform starts at “the currency window”.  These banks who are “rectifying” their situation are the exact type of institutions that were mentioned and bring the overall score down on that thing that is monetary reform.  Rectification will help to move the wheel forward.
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Prime Minister Dr. Haider Abadi: Iraqi media partner victories

Prime Minister Dr. Haidar al-Abadi said that the Iraqi media is a partner in the victories, and that his role is important in raising morale and breaking the will of the enemy.

This came during a speech delivered by the presence of a large number of journalists and heads of media institutions and political analysts, during which he reviewed the latest military, security and political developments.

Read more: http://www.dinarupdates.com/blog/
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BGG (Dinar Guru) –  Article:  “IMF REACHES AGREEMENT ON STAND-BY ARRANGEMENT WITH IRAQ”  Neither this nor the UN potentially releasing funds to Iraq at the end of June are any kind of “date” indicator.  However, they are both very interesting pieces of news. International support for Iraq grows daily. They need this support to reengage with the world.
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BGG (Dinar Guru) –   [kinda get the feeling that this is never gona happen and eventually they will go to the dollar.]  With all the support and conversation with the IMF – WB – UN… that is not the posture they are preparing…everything they are (the above mentioned groups) projecting lately is the image of progress.
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BGG (Dinar Guru) –  […is it just down to the old section of Mosul now?]  It is down to a very small area… what I heard a couple of days ago – tough going.  It is the end – of course it will be tough.  In the mean time – hang in there. This struggle will come to an end. At some point they will do something with this currency. When that happens – you are positioned to enjoy the benefit…and that is probably the most encouraging you have heard me in a while.
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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

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Indicative rates – 06.21.2017

http://www.cbi.iq

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