US Secretary of State calls Abadi: keen on Iraq’s unity and respect for its constitution
Prime Minister Haider al-Abadi on Friday received a telephone call from the US Secretary of State, while the latter stressed his country’s keenness on Iraq’s unity and respect for its constitution.
Abadi said in a statement received by Al-Ghad Press that the latter had received a telephone call from US Secretary of State Rex Tilerson and renewed his congratulations on the Iraqi forces’ victory in the battle of Mosul, praising the wisdom of the leadership and the high level of coordination in the battle.
The US Secretary of State, according to the statement, “continued support for Iraq’s efforts in the post-urging,” stressing “the position of the United States and its concern for the unity of Iraq and respect for the Constitution.”
Read more: http://www.dinarupdates.com/blog
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Adam Montana (Dinar Guru) – [what is your take on their statement of establishing the National Oil Company and then doing the HCL?] I don’t think the National Oil Company is a prerequisite to move forward on the HCL. [If the Kurdish separate from Iraq, will they still use the Iraq Dinar? Whats your opinion how this would effect our investment?] It’s my opinion that will never happen.
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The Central Bank announced a plan to increase the number of foreign banks in Iraq
The Central Bank Governor said on Thursday relations plan aims to increase the number of Arabic and foreign banks and financial companies operating in Iraq will continue until the year 2020.
Alak said in an interview with the London life and followed news that economy “” number of foreign banks including Arabic rose during the past two years, bringing the 18 banks, currently number 11 was a Bank, “stressing that” these steps took place in coordination with the World Bank and the majority of these strong and banks have branches in most of the world. ”
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International Monetary Fund confirms Iraq’s commitment to the reforms required by the Second Review of the Credit Standby Agreement
Alsumaria News / Baghdad The International Monetary Fund (IMF) on Wednesday commitment to the reforms required in the second review of the credit standoff agreement, adding that this will pave the way for the third review, which will start in September.
The Central Bank of Iraqonfirmed Iraq’s c in a statement received, Alsumaria News, a copy of it, “The International Monetary Fund congratulated the Central Bank and the Ministry of Finance and the Prime Minister on the success of the second audit consultations and the Convention on credit readiness after the implementation of programs and financial and monetary targets and placed in a framework that provides financial stability for Iraq and face Financial and security challenges “.
Read more: http://www.dinarupdates.com/blog
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G-Lin (Dinar Guru)- “In a letter sent by the International Monetary Fund, congratulated the Central Bank of Iraq, the Ministry of Finance and the Prime Minister’s Office on the success of the second audit consultation on the Credit Standby Agreement, which came after Implement the programs and financial and monetary targets and put them in a framework that provides for the financial stability of Iraq and meet the financial and security challenges.” However, this says they will have a third review in Sept. on Iraq’s monetary policy. That’s unusal and I like it.
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Bruce (Dinar Guru) – What we are hearing from Iraq’s point of view is they were going to have the IMF meeting in Iraq today [Tuesday]… I do know that things have occurred over there with the Iraqi citizenry where they do have a new rates and do have their new Qi cards which I refer to they have a share of the oil and gas exploration revenue on those cards. …Today this morning for the citizens in Iraq, those cards were live and accessible. They were able to access those funds at the new rates… That has to tell us that we are very close. …I think the IMF meeting was an overall success. I believe what Iraq needed to do is present their rate to the IMF today and I believe they did that successfully. I believe they had that rate approved today.
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On July 26, 2017, the Executive Board of the International Monetary Fund (IMF) discussed the Fund’s ongoing work on enhancing collaboration between regional financing arrangements (RFAs) and the Fund. The work is part of a broader discussion with Executive Directors over proposals to strengthen the Global Financial Safety Net (GFSN), which has included the creation of a new Policy Coordination Instrument on July 14, 2017.
As the GFSN expanded and became more multi-layered, stronger collaboration between its various elements has become increasingly important to ensure timely and effective crisis mitigation. After establishing the mutually reinforcing benefits derived from stronger collaboration, the paper proposes modalities for collaboration—across capacity development, surveillance, and lending. Building on past co-lending experience, it outlines operational principles to help guide future co-lending between the Fund and the various RFAs. Recent experience with co-lending highlights the importance of early and evolving engagement between the RFA and the Fund; the benefits of exploiting complementarities; the criticality of a single program framework; and the need to mutually respect the institutional independence and capacity of the partners.
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Bruce (Dinar Guru) – What we are hearing from Iraq’s point of view is they were going to have the IMF meeting in Iraq today [Tuesday]… I do know that things have occurred over there with the Iraqi citizenry where they do have a new rates and do have their new Qi cards which I refer to they have a share of the oil and gas exploration revenue on those cards. …Today this morning for the citizens in Iraq, those cards were live and accessible. They were able to access those funds at the new rates… That has to tell us that we are very close. …I think the IMF meeting was an overall success. I believe what Iraq needed to do is present their rate to the IMF today and I believe they did that successfully. I believe they had that rate approved today.
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Central Bank: Our financial situation is good for four years to come even as oil prices do not recover
The central bank explained that the reserve of gold that it has, is part of the cover of the national currency, and its function is not the transition time hard to dollars to strengthen the budget as some believe, and stressed by saying, it is not practical to liquidate that reserve and convert it to the dollar in front of any financial problem passes Said that even if Iraq does not recover oil prices, its financial position will be good for four years to come. An economist confirmed that the central bank has good reserves and does not raise the burden of deductions from the citizen, as some believe, indicating that the reserve is used to finance imports. Not for domestic spending This is the case in all countries of the world.
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Abadi announced the establishment of a plan to liberate Tal Afar with the participation of all the security services and the crowd
BAGHDAD – Prime Minister Haider al-Abadi announced on Saturday that the government and security leaders will soon launch a plan to liberate Tal Afar with the participation of all security services and popular and clan rallies, stressing the need for a national political class to be ” Calling. ”
“We want a national political class similar to the military leaders in their race to defeat the oppressor,” Abadi said in a speech at the Youth Parliament. “The countries of the world have participated in Iraq and supported it in the war on terror because it has found a genuine determination to fight a fanatic.”
“We want to balance our relations with countries and not to hand over our interests to a state without others,” he said. “There is a class that does not want the state to recover, including terrorist gangs, and that these people will not survive.”
Read More: http://www.dinarupdates.com/blog/
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Enorrste (Dinar Guru) – Article: “Governor of the Central Bank of Iraq: expect economic movement in the next stage” …this is opening the door to foreign investment. Quote: “noting that “Iraq will be able to attract foreign investment because of the stability of the security situation and increase the number of investment opportunities.” Therefore…we should expect the dinar to be opened to the world market very soon. There will be no foreign investment without an internationally tradable currency.
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MilitiaMan (Dinar Guru) – Article quote: “to achieve the goal of maintaining the exchange rate and ensure the use of foreign cu
rency out of order to meet the needs of the economy and market and development and non-directed to non-purposes; ” There is a meeting with the IMF on 08/01/2017 if I am not mistaken. A one in regard to Article IV with Iraq. The article above speaks volumes of what has been done over the preceding two years. Not just one year. I believe this has to do with Article VIII… They have been working to maintain the exchange rate of the Dinar against Foreign Currency to cover imports entering Iraq while maintaining their independence under law. They go on to say that they are (imo) effectively ceasing MCPs (Multi Currency Practices) not supported or at least if are supported by the IMF, they are under the guidance of the IMF when doing so and would be short lived if even relevant. [post 1 of 2….stay tuned]
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MilitiaMan (Dinar Guru) – They have all the mechanisms in place to facilitate trade to serve their national economy from the looks of things. They have mediation in order to be prepared for typical disputes in trade at borders. Basically, they are fully ready, if not already INTERNATIONAL and by all means! They are telling us they are going to contribute to GDP by having implemented monetary policy for sustainable development. They are telling us the Central Bank has facilitated procedures and controls, became transparent in disclosures in regard to maintaining their exchange rate. Ya buddy… This meeting with the IMF is not about what needs to be done, it is done! It must be about dotting I’s and Crossing T’s, and atta boyz and girlz, for a job well done! imo. [post 2 of 2]
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Politics of the United Nations discuss with Abadi referendum Kurdistan
Shafaq News / Iraqi Prime Minister Haider al-Abadi discussed with the Special Representative of the Secretary-General of the United Nations in Iraq, Jan Kubic, political files. According to a statement of the Special Mission in Iraq, the meeting focused on the topics of national reconciliation and the referendum on independence in the Kurdistan Region of Iraq. The two sides also discussed Iraq’s participation in the next session of the United Nations General Assembly.
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Iraqi Private Banking Association Concludes Training Course on “Corporate Risk Management”
Economy News Baghdad: A training course titled “Corporate Risk Management” organized by the Association of Iraqi Private Banks at its headquarters in the capital Baghdad was concluded on Thursday with the participation of 76 trainees from government, private and foreign banks and financial transfer companies.
The Executive Director of the Association of Private Banks Ali Tariq, told “Economy News”, “The Association of Iraqi private banks concluded today a training course in institutional risk management, which was organized in cooperation with Talal Abu-Ghazaleh and the Arab International Community of Chartered Accountants,” adding that ” The course 76 people working in banks and financial transfer companies operating in Iraq.
He explained that “the course of the training course ensures the management of risks, which are divided into market risks and operational risks and credit risks and applications of the elements and concepts of Basel,” pointing out that “the certificate given to participants recognized internationally because it issued by the Arab International Institute of Chartered Accountants.”
Read more: http://www.dinarupdates.com/blog/
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Bruce (Dinar Guru) – Fiat dollars are no longer recognized in Iraq. So that’s a pretty good indicator how close we are to this happening for us. About Smart cards…Qi cards have been in Iraq for years now with varying rates, depending on region of country, type of payment and such… The newest latest cards are out to Iraqi citizens, even those citizens out of the country. They had to activate them by last Saturday night and they did. We are hearing that money will be on those cards around noon tomorrow [Friday] eastern time. Those cards will receive the proceeds from the oil that they are to share with the Iraqi citizens (HCL 140) just like they do in Alaska for Alaska citizens. Access to the oil proceeds start tomorrow at the new rate. We really believe we are supposed to have our start by the end of the week. [post 2 of 2]
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The outlook for global growth is stable for the current and next years
An IMF report highlighted the growth of the global economy, the Middle East and North Africa, where the IMF kept its outlook for global economic growth unchanged for the current and next year while adjusting growth forecasts for the euro zone and China upwards. A marked slowdown in 2017 for the growth of the Middle East and North Africa economy, Saudi Arabia’s growth is likely to fall to zero, the International Monetary Fund said Monday. Gross world product in the latest World Economic Outlook, the report said the GDP growth rate would be 3.5 percent in 2017 and 3.6 in 2018.
The latest IMF forecast was released in April.
The International Monetary Fund’s June report lowered the US growth forecast for 2017 and 2018 to 2.1 percent from 2.3 percent and 2.5 percent respectively three months ago.
The IMF forecast slightly stronger growth in the euro area in 2017, 1.9 percent, up 0.2 percentage points from Nissan.
Read more: http://www.dinarupdates.com/blog/
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Adam Montana (Dinar Guru) – My optimism in this venture is not waning, nor is it diminished even slightly. We have nothing but positives to consider at the moment. The cold hard truth is this: Iraq had a long road to travel. They have stood the test of time, they have marched forward through amazing troubles, and they are still heading in the “right” direction. But at no time in history, and at no time in the future, will they EVER tell us the “date” that they will do what they are bound to do at some point. At some point, they will raise the value. This is undeniable. But if they will do it tomorrow, or next Tuesday, or in a month or a year? We will never know that. I am going to say something with absolute conviction right now. This is absolute, no possible way to refute it, it is ABSOLUTE just like gravity pulls you towards the earth. With all my connections, with my decades of international communication and (I don’t even know how many airmiles) of travel, my past and present work and friendships with bankers, CEOs, politicians and more… I will tell you this… [post 1 of 2….stay tuned]
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Aggiedad77 (Dinar Guru) – “The Council of Ministers authorizes Araji to sign the investment project between Iraq and America Protection Convention” …that be UUUUUUGGGGGGEEEEEE news …protection of investments between Iraq and the US…can you spell Trump DEALS on this...IMO…this is yet another step they are showing us in just how ready they are for things to move in a positive and extremely proactive direction IMO...
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Chattels (Dinar Guru)- […does the power lay with the CBI or Abadi?] My belief is that it is rather unimportant who has the power between the CBI and the office of the PM. What is important is whether any “public rate” is acceptable / sustainable in the world marketplace. [so a float would answer that?] The bottom line to me is what “amount” a sovereign nation is willing to exchange their “dollar” for in dinars? A float rather presumes that there is a value to the dinar initially and whether that value will be stable or increase, eh?
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The outlook for global growth is stable for the current and next years
Capitals / follow-up Shukran al-Fatlawi An IMF report highlighted the growth of the global economy, the Middle East and North Africa, where the IMF kept its outlook for global economic growth unchanged for the current and next year while adjusting growth forecasts for the euro zone and China upwards. A marked slowdown in 2017 for the growth of the Middle East and North Africa economy, Saudi Arabia’s growth is likely to fall to zero, the International Monetary Fund said Monday. Gross world product. In the latest World Economic Outlook, the report said the GDP growth rate would be 3.5 percent in 2017 and 3.6 in 2018. The latest IMF forecast was released in April.
The International Monetary Fund’s June report lowered the US growth forecast for 2017 and 2018 to 2.1 percent from 2.3 percent and 2.5 percent respectively three months ago.
The IMF forecast slightly stronger growth in the euro area in 2017, 1.9 percent, up 0.2 percentage points from Nissan.
Read more: http://www.dinarupdates.com/blog/
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Opportunities are coming
Economists, businessmen and businessmen consider that the next phase of the richest investment opportunities that the international companies are looking for in relation to the construction and reconstruction of Iraq is the same, but it is natural that the requirements of achieving this goal require considerable funds to absorb its implementation. Because it has huge money, modern technology and the required benefit, but there are challenges and outstanding effects that hinder the entry of these companies with large sums of money. What is required for this challenge?
Read more: http://www.dinarupdates.com/blog/
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Kaperoni (Dinar Guru) – Article: “Governor of the Central Bank of Iraq inspected the headquarters of the International Development Bank” They clearly seem to be getting ready for international banking!
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RayRen98 (Dinar Guru) – The CBI talked about economic reforms in the next few days, and said that they would lose IMF support if they didn’t get it done! We haven’t had confirmation of lower denominations. IT was said that the supplementary budget had to be passed first, and we understand that when it is passed, the rest will appear in the next few days. Over the weekend, we were told that the budget was approved and it should show up in the Gazette on Wednesday. Iraq has a meeting …1. August with the World Bank about their 580 billion dollar loan, and reforms must be in place before that time. The CBI has submitted their paperwork to the World Bank, and I guess we are waiting for the IMF and World Bank to sign off on it. So we are looking for this to unfold prior to August 1, or on August 1. We’re feeling pretty good about the 1. August, or before, unless something unforeseen happens. It looks like we are at the end of this ride, based on the information.
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Mike (Dinar Guru) – [Getting the dinar into Article VIII would be the first step into stopping the auctions? That would mean the spread would have to be 2%; how close are they to that at this time?] Great question, here’s the thing, if Iraq un-pegged today there would be no disparity between the market and street rates, although, the IMF has advised them not too. Why? Because if they do, the dinar will more than likely drop to somewhere around 1500-$1 which would increase inflation and the pain the citizens are already feeling. Without an economy and exports other than oil, there’s next to zero demand for the dinar and that won’t change overnight, we’re still waiting for the needed legislation to encourage internal business creation and foreign investment. [post 1 of 2….stay tuned]
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The World Bank confirms its readiness to help Iraq
BAGHDAD / .. confirmed the World Bank, on Wednesday, readiness to help and support the Iraqi government ‘s efforts and plans for economic reform.
A statement by the Information Office of the Council of Ministers received, “appointed Iraq News”, “Prime Minister Haider al – Abadi received regional director of the World Bank , ” noting that ” the World Bank director congratulated Ebadi and victories edit Mosul.”
According to the statement, the bank manager said on the “readiness of the bank to help and support the Iraqi government ‘s efforts and plans for economic reform and the promotion of reconstruction projects and the development of Iraqi cities.”
For his part, Prime Minister Haider al – Abadi stressed ” the importance of cooperation with international efforts in support of Iraq, and accelerate the related job creation program steps, and stimulate the economy, and the return of displaced people to their homes.”
Read more: http://www.dinarupdates.com/blog/
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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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Prime Minister Dr. Haider Al-Abadi receives the Regional Director of the World Bank
The Prime Minister received Dr. Haider Al-Abbadi, Regional Director of the World Bank, Saroj Kumar Jha.
The Regional Director of the World Bank congratulated Dr. Abadi on the victories and the liberation of Mosul, stressing the readiness of the World Bank to assist and support the efforts of the Iraqi government and its plans for economic reform and the promotion of reconstruction projects and development of Iraqi cities.
Read more: http://www.dinarupdates.com/blog/
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Kaperoni (Dinar Guru) – Article: “Central announces solutions to avoid a shortage of dollar “deviation” in the price of holidays” They should have been doing this all along. Taking days off allows for the spread to increase due to a shortage. I would guess the IMF had a hand in this to get them to start attempting to get in compliance…and the CBI trying to minimize losses by only holding auctions on a schedule. But the reality is the fix is not to conserve dollars, it is to weed out the corruption.
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We are Stabilizing IQD Exchange Rate without a space for Speculation: CBI Governor
On Sunday, the Governor of Iraqi Central Bank issued a statement that main objective of CBI is to stabilize the balance between the sale of U.S dollar and demand in the domestic markets. He also added that the sustainability shouldn’t be considered an edge of speculation and huge profits. The Governor of CBI delivered his words in a press interview with Alsumaria News and indicated that the Bank is looking to maintain a balance between the sales of U.S dollar and to keep it stable. He pointed out that the balance of foreign currency has become strong in the past couple of years and there isn’t any kind of space for speculation and huge profits. He added that Iraq has been experiencing some exceptional circumstances and a significant amount of decline in the global oil prices was considered one of the major reasons behind the economic and financial crisis in the country.
Read more: http://www.dinarupdates.com/blog/
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G-Lin (Dinar Guru) – I wouldn’t consider Iraq very stable currently but as far as investors are concerned they are flooding into Iraq. I think the victory in Mosul opened the gate. This is the beginning of the explosion of the economic world for Iraq. They are being welcomed internationally with open arms. Exciting times for a change. And all of this excitement from countries all over the world and yet Iraq has a very low valued artificially imposed currency rate. That will not last. JMO.
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Keywords: Central Bank seeks to balance between two goals
The Governor of the Central Bank of the Bank’s endeavor to achieve a balance between the sale of the dollar and maintain it, indicating that the balance away from the margin of speculation and achieve large profits.
Ali Al-Alak said that “the bank seeks to balance the sale of the dollar and maintain it,” noting that “the balance in foreign currency is sufficient as it was in previous years there is no margin and area of speculation and achieve large profits.
“Iraq is going through extraordinary circumstances because of the drop in oil prices significantly, which makes the central bank’s policy to two options either to respond to the dollar to eliminate the margins and this will be at the expense of reducing the reserves of foreign currency or sell the sale and accept the margin of exchange rate rise, “The bank seeks to balance the two goals.”
Read more: http://www.dinarupdates.com/blog/
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Frank26 (Dinar Guru) – [Do you know when the MasterCard message was added to the Rafidain bank website?] YESTERDAY. [Did they initiate the RV process on Friday or Saturday?] NANO SECONDS AFTER MOSUL. [how will the [RV] launch be revealed?] ONLY BY THE CBI POSTING THE NEW RATE NOTHING ELSE COUNTS. [IYO, Does Iraq have the capacity and capability to withhold from posting a new trade-able rate on the CBI W/S (if they choose to), for an agreed or negotiated period of time?] YES! [When do you expect the rate to change?] IMO THIS YEAR. IMO EVERY SECOND HAS POTENTIAL NOW.
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Enorrste (Dinar Guru) – Article: “Iraq has a microcosm meeting of the International Alliance of the need to benefit from the experience of Mosul” Quote: “…the victory achieved by Iraqi forces in a political city, not only militarily, as he pointed to the existence of economic reform plan presented to the World Bank a few days ago.” The liberation of Mosul will remove a major impediment that the GOI has said was in the way of reform. I am cautiously optimistic.
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Abadi: heading towards the economy, development and education
Put the prime minister, Haider al-Abadi, among other points, said that the government will strive to achieve during the coming period, following the military victories achieved, taking economic aspects, developmental, educational, as well as the fight against corruption and activating the law, on top of those points.
Calls for the prime minister, to activate the developmental aspects in Iraq, came after the great military victories in Mosul, those victories described by US President Donald Trump during a telephone conversation with al-Abadi, as “great stories resonate throughout the world.” For the third day of victory announced the tenth of July, which was followed by the Commander in Chief of the Armed Forces, rolled cables of international greetings, which praised the courage and the ability of security forces to defeat terrorism, all of which have agreed on the need to assign Iraq’s efforts in post-elimination entirely on “Daesh” a position adopted by the Emir of Kuwait, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, who expressed his country’s readiness to host planned for the reconstruction of Iraq and the international conference. Ebadi said, in a speech opening the Cabinet meeting on Wednesday:
Read more: http://www.dinarupdates.com/blog/
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Islandg1211 (Dinar Guru) – Eight months ago, I posted that we would need to see in this order before the RV…the following:
1) Mosul Liberated, Announcement by Abadi, and a Celebration. Done.
2) Agreement with Kurds, including oil and territory settlement, then finally the HCL will be in position to be passed by the GOI. (Kurds, including Barzani and the oil minister from Baghdad meet today…) Getting Done.
3) CBI re-educating citizens on the deletion if the three zeroes (we are seeing the payments in country with e-dinars, CBI website upgraded to BIS), and finally
4) Iraq being compliant with Article VIII with the IMF and 5 – UN lifting sanctions and the RV.
The IMF is meeting with Iraq in DC this week. The UN came out a couple of days ago and told Iraq they need to be Article VIII compliant/RV. The lynchpin to the RV, now that Mosul has been declared liberated by Abadi, the Kurds and Baghdad finalizing the HCL agreement. Barzani wants independence, and this agreement is going to have to allow for that contingency in order to get him to sign off on it. [post 1 of 2….stay tuned]
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Islandg1211 (Dinar Guru) – This was a VERY IMPORTANT meeting today, which I was expecting. I’m expecting to see the CBI starting to re-educate the public on the RV. These CBI articles should be coming out within the next couple of weeks. I’m still looking towards end of summer for the RV. Again, the agreement with the Kurds over oil is the lynchpin now, and this article should make everyone very happy along with the UN publicly saying that Iraq needs to RV (via IMF Article VIII compliance). If an agreement is reached with the Kurds, it’s time to really start with your post-RV plans. [post 2 of 2]
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Delta (Dinar Guru) – …the CBI has to move forward. The media … just like we predicted … as soon as they get Mosul … speed of light. Right away the media has been jumping the gun on talking about the economy, etc. ..the CBI…we’ve known since January they been wanting to pull the trigger. The next 24-48 hours is going to be very interesting.
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Frank26 (Dinar Guru) – We found something – a press release from the West – congratulations from President Trump to Abadi – all he says is congratulations about Mosul. Then we have the same article from an Arabic site which shows additional information – they also talked about congratulations on the reforms. Donald Trump called Abadi…IMO…they were talking about the monetary reform. …They’ve got security and stability man!
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Trump confirms Abadi spoken to: great victories stories reverberate in the cities of the world
Word For the Day~
Baghdad: Euphrates News} US President Donald Trump said on Tuesday that the Iraqi victories stories reverberate in the cities of the world. During a telephone conversation with Prime Minister Haider al-Abadi.
A statement by the Office of the Prime Minister received the agency {Euphrates News}, a copy of it, said that al – Abadi “received a phone call from US President Donald Trump , who congratulated the outstanding triumphs of the Iraqi forces by editing the city of Mosul, and expressed his respect and appreciation for the courageous leadership of Iraqi fighters, referring to that the great victories of the battle stories reverberate now in the cities of the world. ”
He Abadi, according to the statement, expressed “appreciation for international support provided to Iraq in the face of terrorism Daesh , ” stressing ” the importance of rallying all the factors to accelerate the completion of freeing the rest of the Iraqi territories and an end to the presence of gangs Daesh terrorist.”
Read more: http://www.dinarupdates.com/blog
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Adam Montana (Dinar Guru) – [As the UN is suggesting that Iraq quickly activate the HCL, and the UN also has some clout over the distribution of funds to go to Iraq, do you believe the HCL will be activated much sooner than later?] I’m leaning towards *SOON*. This is turning into a perfect situation for Iraq.
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Adam Montana (Dinar Guru) – Things are looking up! Mosul has now been officially declared a victory. HCL should be addressed, officially, in a timely manner…SOON. We can be confident that the IMF and CBI are on good terms. CBI is acting like a real player, and the IMF is giving them an approving nod simply by not saying anything contradictory about them. Regarding oil PPB, and the recent agreement amongst the major OPEC members, Iraq is essentially exempt from the exportation restrictions. This gives Iraq a HUGE advantage when they are ready to “flip the switch”! Abadi is back in high-gear and on a mission…All in all… GREAT progress right now, and Iraq is in perfect position. Negotiations are beginning between Baghdad and Kurdistan, which is going to lead to a very fast resolution on the HCL, paving the way for a smooth and *SUDDEN* RV… if we’ve ever been closer to the end of this ride, I can not remember when! This still isn’t a guaranteed event, but MAN oh MAN is it looking good!
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Mike (Dinar Guru) – …anything is possible and I’m just speculating…But, the IMF has told them at every Article IV consultation to stay pegged, close the spread and remove exchange restrictions. That seems like a tall order to accomplish before the end of the year. So far, they’ve haven’t gotten it done. All we need is the political will to make the change to an open market economy and then things could really pick up.
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Mosul Residents Hopeful After Iraq Declares Victory Over ISIS
MOSUL – Calm prevailed in eastern Mosul on Tuesday (July 11), a day after Iraqi Prime Minister Haider al-Abadi declared victory over Islamic State (ISIS) in the city.
Streets were busy with cars and residents were trying to resume their lives.
“God willing, the situation will get better now that we got rid of the world’s largest terrorist network and we got rid of its oppression. God willing, we will remove destruction and damage caused by Daesh and normal life will return to the city,” Mishaal Ahmed, an engineer from the city said.
Though a few plumes of smoke were visible on the eastern side of the city, the sound of bombings and bursts of gunfire were absent for the first time since the start of the fighting with Islamic State, more than eight months ago.
Read more: http://www.dinarupdates.com/blog
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Kaperoni (Dinar Guru) – Congratulations on the full liberation of Mosul. The next stage must open the banking system for private investment to succeed.
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IraqiDay – BREAKING Iraq PM Haider Al Abadi OFFICIALLY announces Mosul completely liberated….congratulations. Mosul is 100% liberated…Broke down into tears of joy as I watched Iraq PM Haider Al Abadi declare Mosul liberated. ALL the Iraqi forces made this moment possible.
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Abadi from Mosul: Victory by hand and settled and fight in the final meters
BAGHDAD – The Journal News Iraqi Prime Minister General Commander of the Armed Forces Haider al – Abadi, said that “victory by hand and settled and our troops are fighting in the last meters,” in response it seems to delay a formal declaration of victory over the “Daesh” in the old city of Mosul.
The al-Abadi, who is alive in Mosul since yesterday, the security forces that provided life services to Iraqis who were trapped, and to facilitate the return of displaced persons to their homes and businesses, as well as the province’s efforts in this regard.
Read more: http://www.dinarupdates.com/blog
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After Mosul’s full liberation Iraq’s Abadi visits Nineveh Ops Command
Iraqi PM Haider Abadi has visited headquarters of Nineveh Operations Command and met with military commanders.
This comes after the city of Mosul had been declared fully liberated from ISIS terrorists on Sunday.
Abadi was due to give a victory speech on Sunday. But the speech was delayed for unknown reasons.
Read more: http://www.dinarupdates.com/blog
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Kaperoni (Dinar Guru) – Mosul officially liberated as Prime Minister Abadi visits the war torn area.
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#Mosul Is Completely Liberated – Tweet from Iraqi Day
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OkieDinar – I just spoke with Iraqi Day because he deleted this post. I asked him why – he stated that he does not like to post unless he knows 100%. I asked in his opinion was Mosul liberated. His response – Yeah Mosul is over completely liberated only 12 to 18 houses have hostage situation about 35 isis fighters left.
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BGG (Dinar Guru) – I just ran through these instructions to get to this server site we were skeptical of. THERE IS A DIRECT LINK BETWEEN cbi.iq and cbi.3eyon-host…go to cbi.iq website and Click on Statistics [You can click “English” at the top of the page first]..then click on “for extended statistics”. cbi.3eyon-host.net comes up as a URL address. They are linked!! – It is a real site… if cbi.iq is legit… cbi.3eyon-host is legit host and the numbers 1.2USD/dinar and 1.08Eur/dinar… by extension…may therefore be legit also!
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Phillyman (Dinar Guru) – Article: ” ‘Victory’ over IS in Mosul imminent as insurgents lines collapse” Quote: “We are seeing now the last metres (yards) and then final victory will be announced,” a television presenter said, citing the channel’s correspondents embedded with security forces battling in Islamic State’s redoubt in the Old City of Mosul, by the Tigris river. “It’s a matter of hours,” she said…” The information is coming from embedded reporters of final victory in hours. May it be so.
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Iraq presents a plan for the reconstruction of liberated areas starting from 2018 and ending in 2027
Minister of Planning / Minister of Trade Salman Jumaili said that the next stage (the post-liberation stage and the end of Isis in Iraq) will witness broad economic and investment trends within the framework of the reconstruction and development of the liberated areas through focusing on the development of the private sector and the business environment.
Read more: http://www.dinarupdates.com/blog
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BGG – I just ran through these instructions to get to this server site we were skeptical of. THERE IS A DIRECT LINK BETWEEN cbi.iq and cbi.3eyon-host…go to cbi.iq website and Click on Statistics [You can click “English” at the top of the page first]..then click on “for extended statistics”. cbi.3eyon-host.net comes up as a URL address. They are linked!! – It is a real site… if cbi.iq is legit… cbi.3eyon-host is legit host and the numbers 1.2USD/dinar and 1.08Eur/dinar… by extension…may therefore be legit also!
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Phillyman (Dinar Guru) – Articles: “Getting in Early is Key to Success in Iraq, Conference told” “Iraq Britain Business Council welcomes 7 New Members” … I’m loving the potential of Iraq…If you have a pulse you have got to be excited about the future Iraq.
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Jaafari: victories achieved the unity of the people of Iraq
Foreign Minister Dr. Ibrahim al-Jaafari said security victories have been achieved thanks to the cooperation and unity of the people of Iraq.
This came to clarify Jaafari, commenting on a British journalist after he considered that «the recent victories of Iraq at the expense of the terrorists was the cooperation of Britain». The minister said at a news conference on the sidelines of his participation in trade and investment conference in the British capital London, that «these victories have been achieved thanks to the cooperation and unity of the people of Iraq in their war against terrorism«, congratulated the recent victories by the Iraqis achieved in Mosul and other areas in conflict with terrorist groups . In response to a reporter’s question on the disarmament of some quarters the way, al-Jaafari said »If you mean these paramilitaries, they are of the brave sons of the Iraqi people.»
Read more: http://www.dinarupdates.com/blog
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Phillyman (Dinar Guru) – [Once they finally clear ISIS wonder what the next obstacle is gonna be before we see a change in the rate…] …Even though they clear IS out of Mosul they are still in many other areas of Iraq. Will it stop the changes we are looking for from moving forward? Violence has permeated the region for centuries. [Guru] Breitling says the Sunnis will always hate the Shia but that it will not impact this reform. There seem to be too many countries/businesses pouring assets into Iraq to think it won’t turn around soon but of course time lines have brought so much frustration to this investment.
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Islamic State cornered in Mosul as Iraq prepares victory celebrations
Islamic State fighters were battling to hold on to the last few streets under their control in the Old City of Mosul on Monday, in what looked like a hopeless last stand in their former stronghold.
In fierce fighting, Iraqi army units forced the insurgents back, cornering them in a shrinking rectangle no more than 300 meters (yards) wide and 500 meters long by the Tigris river, according to a map published by the military media office.
Read more: http://www.dinarupdates.com/blog
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Phillyman (Dinar Guru) – Article: “IRAQI PM CONGRATULATES TROOPS ON ‘BIG VICTORY’ IN MOSUL” Looks like Abadi went ahead with an announcement even though they are not done the liberation probably for the symbolism of it being the 3rd anniversary of al- Baghdadis sermon at the Mosul mosque.
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tman23 (Dinar Guru) – This is from Guru [Guest Guru RickJames2: Dinarguru.com] …not me…..but yea !!! I found that there is a direct link between cbi.iq and cbi.3eyon-host…go to cbi.iq website and Click on Statistics [You can click “English” at the top of the page first]..then click on “for extended statistics”. cbi.3eyon-host.net comes up as a URL address. They are linked it is a real site evidently…When Basnews had the 1 dinar – 3.64 dolar….. that was not a widget……that was direct to a server in redwood California…… days after it switched to Virginia…… But the exchange link address was to major us bank…..AND REMEMBER……THE BASNEWS SITE HAD THE DOLLAR AND EURO……NOTHING ELSE……. THIS IS THE SAME THING WE ARE SEEING WITH THE CBI TEST SITE…….. ONLY EURO AND USD ARE CHANGED……..Like we keep saying……What a bunch of coincidences !!! [Reference Guest Guru RickJames2 7-3-2017 below]
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Barzani: Kurdistan Region Seeking Independence Through Peaceful Means
Kurdistan Region President Masoud Barzani received on Sunday the Dutch Ambassador to Iraq Jan Valtmans and his accompanying delegation.
During the meeting, a range of topics were discussed, including bilateral relations between Kurdistan Region and Netherlands and the country’s role in the fight against the Islamic State (IS) and its military assistance for the Iraqi and Peshmerga forces.
Read more: http://www.dinarupdates.com/blog
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Breitling (Dinar Guru) – There’s lots of great news on what’s been happening. Some very very good news coming out…you’ll love it. The key is…to put everything on table so you can talk about this subject correctly. And that’s all it is. That’s my secret…People don’t get that a part of a country’s currency is part of it’s policy and strategy. And what comes after that? You have operations and tactics…none of this is a mystery. How do you define a country’s currency a scam? The idea is, is it going to gain value? Is that a scam? The Iraqi dinar is not a scam. When I got in on this investment I got a report from the IMF… Some of the information we had to pay for, some of it we found but it was undervalued. They said the real value was between 4 and 12 cents. That’s how I got into the Iraqi dinar…Before the Iraqi dinar came out…they had these conspiracy theories out on how it’s the dumbest thing in the world because they’re in the middle of a war. We know they’re in the middle of a war…that’s why we’re investing. What do you want to wait for it to be expensive and then invest? [Part 1 of 4]
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Federal police chief announces victory statement in Mosul
Federal Police Chief, Major-General Raed Shaker Jawdat, announced a statement to support his forces in the battle to liberate the city of Mosul from terrorist gangs.
“To the people of the great people of Iraq, to the people of victories, sacrifices and civilizations, with all the titles of pride and pride, the leadership of the federal police forces celebrates their victory in the land of Mosul, thanks to the blood of our martyrs, the wounded heroes and the arms of your sons,” he said. And they are fighting the determination and steadfastness of its counterpart, crushing the heads of rotten terrorism and liberating the land of Mosul and its people and restoring the dignity of the dear homeland. ”
Read more: http://www.dinarupdates.com/blog/
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Adam Montana (Dinar Guru) – [Could Iraq state that only currency handed in to Iraq with-in its borders be given the preferential rate to start with? Please don’t think this is somehow an in country RV question I am asking as we know that rumor is totally bunk. Just thinking they may want to control the influx of currency to begin with is what I am getting at in a nutshell I guess.] I think that what you are describing is still an in-country RV, with a twist that the in-country part is temporary. If that’s what you are asking, then yes – it is possible. I don’t think it’s likely, but it is possible.
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Kuwaiti Emir and the Crown Prince and Prime Minister congratulate the Iraqi leadership to restore Mosul
He congratulated the Emir of Kuwait Sabah Al-Ahmad Al-Sabah and Crown Prince Nawaf Al-Ahmad Al-Sabah and Chairman of the Kuwaiti government Jaber Al-Mubarak Al-Sabah, President of the Republic Fuad Masum and Prime Minister Haider al-Abadi on the occasion of the restoration of the city of Mosul from the grip of Daesh, confirming the parking of their country, along with Iraq and the international community to fight terrorism and drain its resources.
Read more: http://www.dinarupdates.com/blog/
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Mosul has become ISIS-free, say coalition forces
Iraqi military spokesperson, Brigadier General Yahya Rasool announced on Thursday that ISIS extremists’ reign in the country is over.
“Their fictitious state has fallen,” Rasool added.
Three years to the day since ISIS leader Abu Bakr al-Baghdadi declared the establishment of the so-called caliphate from the same spot.
On February 19, US-backed Iraqi forces launched a wide scale military operation to oust ISIS terrorists from the right bank of Mosul city, their last major stronghold. Before this, the forces managed to free parts of the left bank of the city.
Read more: http://www.dinarupdates.com/blog/
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Phillyman (Dinar Guru) – Abadi has certainly declared victory but I get the impression that what we are looking for will take place in Mosul in a very open and public setting. Tomorrow is their day of worship and I read that Sadr’s protestors are standing down and not protesting. I’m sure we would all love to see a major public declaration covered widely by news media tomorrow. Whatever the case I’m sure today will be looked back on as a historical turn in the future of Iraq, certainly another day to be added to their list of holidays that are celebrated.
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Adam Montana (Dinar Guru) – […I know that an RV, from all signs, is fairly imminent…Do you have a set of criteria or parameters that would convince you that the RV was legit and actually happening that you could share with us?] Legitimate confirmation from my sources, which include people of the highest level. Will I share them? Nope.
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NATO: our support for Iraq beyond the liberation of Mosul stage
Secretary General of the North Atlantic Treaty Organization welcomed the [NATO], Jens Stoltenberg, edit the city of Mosul from terrorists Daesh.
Stoltenberg said at a press conference on Thursday evening in the wake of the conclusion of the defense ministers of the NATO countries meeting “when defeating Daesh and liberated Mosul , we need then able to find the appropriate conditions of Iraqi forces to bring stability, peace and development.”
Read more: http://www.dinarupdates.com/blog/
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BGG (Dinar Guru) – …This notice was from a June 26th [United Nations] meeting and only lasted 3 minutes and they adopted the resolution…the gist of it was they were gonna retain the funds contained therein until June 30th. At which time all remaining funds will be transferred to the government of Iraq. This unanimously adopted resolution under chapter VII of the United Nations Charter was adopted fully completely and without reservation…they had extended this deadline. This was supposed to have happened a while back. Something that was supposed to have happened didn’t happen and they pushed it back a little bit. They said (and I paraphrase) you should not take this as a bad thing this is a good thing…that we [the UN] supports Iraq in internationalization in every which way or form… [Part 1 of 2]
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BGG (Dinar Guru) – …I half way didn’t expect them to do this..but folks this is real. They are going to turn over the last bit of whatever is remaining in those funds…the food for oil program to Iraq and they are recognizing them as a country. They are not talking about letting them out of Chapter VII and it’s not even under chapter VII. This is Chapter VII charter. It’s a protection program. Looks like to me they had the meeting in 3 minutes and they put their rubber stamp on it and it’s over. It’s not the end of the security file…it’s the end of that particular program. There’s one more log on the fire. [post 2 of 2]
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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.
Read more: http://www.dinarupdates.com/blog/
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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.
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Kaperoni (Dinar Guru) – Its not “my” float scenario, its the truth as documented by the IMF and other experts…Those who are technical and want to learn, see this information and realize how monetary policy works… It’s not some magical event… lol… And those who study, see the case studies etc and read the words direct from IMF docs know the dinar will float when the time and conditions are right...Most hold on to some magical dream they will wake up to riches overnight and therefore refuse to accept reality…Maybe by fall Iraq will pass some laws and have banking insurance in place so they can begin to activate the banking system in Iraq (which ultimately will allow for foreign investment and the float to begin)…
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News of Abadi’s readiness to declare the “victory statement” and liberate Mosul in full in the coming hours
The Euphrates – A source close to the Office of Prime Minister Haider al-Abadi ‘news of the Euphrates’ that the next hours will see the announcement of the liberation of Mosul in full and victory on the organization of a supporter.
The source revealed that the office of Abadi is now in intensive contact with the command of joint operations to see the conduct of operations inside Mosul after the last operation of the security forces an hour ago to liberate the Sargkhana and the field.
Read more: http://www.dinarupdates.com/blog/
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Components of the Iraqi payments system
It consists of the Iraqi payments system from the following systems:
• The total settlement of real – time system Real : Time Grosse Settlement (RTGS )
• Clearing electronic instruments system . Check the Automated Clearing House is (the C-ACH)
• internal clearing system The Inter Bank to Clearing the System (site IBCS )
• Central Depository System Securities , the Central Securities , Depository (the CSD )
• infrastructure payment system Retail Retail Payment DVD Nasser the system infrastructure (RPSI )
This is from the new CBI website – here is an interesting bit “…- start working to assess the readiness of the Iraqi payments system in line with international standards (PFMIs) of Principles for Financial Market Infrastructures World Bank to improve the payment and settlement systems in Iraq as part of the agreement with the World Bank and dealing with electronic payment systems in Iraq…”
BGG – Agreement?? What agreement with the World Bank?? What’s this “agreement”?
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Phillyman (Dinar Guru) – Alot of news agencies reporting on what we already heard yesterday from Lieutenant General Abdul Gani al-Assad who stated “Mosul [will fall] in very few days, God willing,”. Today marks the end of the Eid al-Fitr festival, the 3 day celebration which began Sunday marking the end of Ramadan. It would have been nice to add liberation to those celebrations and hopefully those very few days don’t multiply.
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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].
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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.
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Prime Minister Dr. Haider Abadi: Time is very close to declaring victory
Prime Minister Dr. Haider Abadi: Time is very close to declaring victory
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Prime Minister Dr. Haider al-Abadi said that the time is very near to announce the final victory over the gangs of the terrorist. “Our heroic forces are fighting and achieving new victories even during the Eid,” he said.
This came during a speech during a tour of a number of charitable and humanitarian institutions concerned with family and social care in the city of Kadhimiya.
“We are trying to liberate people before the earth,” he said.
Dr. Abbadi added that without the blood of martyrs and wounded, these victories would not have been achieved.
During his tour, he distributed gifts to orphaned children, congratulating Eid al-Fitr. He also briefed on ongoing works and future urban projects for humanitarian institutions, praising their role in the service of society and the efforts of supervisors and supervisors.
Read more: http://www.dinarupdates.com/blog/
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tman23 (Dinar Guru) – The test website is interesting indeed…1 dinar equals 1.2 dollars…Be it a test or reality rate to come…We still dont know how they are going to deal with the 3 zero note currency...and there are no lower denoms that have been announced…without lower denoms…and going to 1 – to 1.2 usd…would not be good for us… The IQD 3 zero notes will remain in the market place for an estimate 2 years and trade along side the new currency… Words from the CBI! …and be accepted for a period of ten years…which means you can exchange the 3 zero notes at the CBI …The fact remains…we dont know how the 3 zero notes we hold will be treated at exchange…
PSA – The DinarUpdates.com website has a very good post on this very subject – complete with research and links. The “test” website should be viewed with great caution.
http://www.dinarupdates.com/showthread.php?50989-Cbi-links
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Poppy3 (Dinar Guru) – I HAVE NEVER LET UP INVESTIGATING AND HAVE STAYED IN TOUCH WITH ALL OF MY WONDERFUL SOURCES. NOT GOING TO ELABORATE BUT I’LL SAY I AM VERY EXCITED FOR WHAT IS PENDING FOR THE NEXT VERY FEW DAYS. I TODAY HAVE BEEN EXAMINING LOCAL BANKS AND FEDERAL CREDIT UNIONS IN THE…AREA FINDING THAT MANY THAT HAD NEVER HAD THE CAPABILITY TO EXCHANGE FOREIGN CURRENCIES HAVE LATELY BEEN PREPARING TO DO SO. VERY INTERESTING.
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Aggiedad77 (Dinar Guru) – …look at the recent trips or tours of the ME…all spokes point to a unity…a new breath of life…Abadi is working with the US IMO to make this happen…this little man is about to become the big man on the block…watch and see…all IMO…excited…you betcha...the wheel turns and those spokes are all moving in the right direction…This prisoner release is another example…dance to the music for what is coming…and they all said…the BEST is coming…wait for it…IMO. [post 2 of 2]
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Aggiedad77 (Dinar Guru) – Articles: “Syria give up for hundreds of detainees to coincide with the Eid al-Fitr” “The release of the oldest in Egyptian prisons” …can you see it…can you feel it…there is a unity in the ME that I believe IMO we are seeing today as never before…at least not in our lifetimes …why would all these prisoners be released from so many different places…almost simultaneously …think about it…there has to be a huge collaborative effort to make this happen…you scratch my back…I’ll scratch yours…DEALS…DEALS… DEALS…who do we know has been making deals since January 20th… [post 1 of 2….stay tuned]
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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.
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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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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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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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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
| 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$) | —– |
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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 |
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