Rafidain announces the application of electronic banking system instead of paper
Baghdad – Journal News Rafidain Bank announced on Wednesday the close application of electronic banking system instead of dealing paper in the completion of transactions of citizens.
The Information Office of the bank in a statement received by the «Journal News», customers to review branches in Baghdad and the provinces for the purpose of updating their data and complete the necessary documents related to them in preparation for the application of the comprehensive banking system.
The statement pointed out that “the bank has reached stages and advanced steps in the application of the electronic system.”
He added that “this system allows the citizen to benefit from the facilities provided by the bank through the completion of operations and simplification of procedures as well as clean the archive and bank inventory.”
Read more: http://www.dinarupdates.com/blog
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Dinar Updates – Conference Call – w/BGG & Company, TBA, 8:00 pm CST Please Come & Join us!!
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Abadi issues directives to maintain security in Baghdad
The Prime Minister and Commander-in-Chief of the Armed Forces, Dr. Haider Abadi on Monday a number of directives and orders regarding the security of the capital Baghdad, while directed a thorough review of the proposed federal budget for the year 2018, stressing that the international and national obligations must be secured by the payment of loan receivables and work to increase non-revenue Oil.
The Prime Minister’s Information Office said in a statement received by the «morning», that Abadi visited on Monday the Baghdad Operations Command and held a meeting with security and military leaders.
The statement added that «security plans were discussed to maintain the security of citizens in the capital Baghdad, and achieve smooth at checkpoints, and the fight against organized crime, and the arrest of all those who begged himself tampering with the security of citizens», noting that Abadi issued «several directives and orders in respect of security The capital Baghdad.
Read more: http://www.dinarupdates.com/blog
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Sept. 1st – “FB Live” Video Link
From our Sept 1st Facebook Live. “Verify Your Dinar”. We re-recorded this – I hope this works better for everyone.
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MilitiaMan (Dinar Guru) – Article: “Masoum and Abadi to New York soon to attend the UN General Assembly” Truly a sign of the times… Both are going to New York, and we see Abadi has already met with Kubic of the UN. He was in full support of Abadi and what he has accomplished. Keep in mind they have parliament in session if I read that right going over the electronic ration cards as we speak and the national oil company. Do we all see the picture being painted…
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Aggiedad77 (Dinar Guru) – Article: “The Government approves the tasks and mechanism of the Higher Committee for Investment and Reconstruction” On the surface this little article seems to be nothing big…but look who approved the tasks…the CABINET…Abadi’s Cabinet…on a Monday…out of the ordinary they would meet today…they normally meet on Tuesdays… Then look at who all was there, most of the Cabinet and ALLAK…why would this kind of high powered Iraqi group need to meet for what a committee was doing…hmmmmmm…is your interest perked up yet…they are considering the LL (long line) IMO…and IMO…they seem to be getting obstacles out of the way…What for…getting ready for implementation of things…investments …companies and countries coming in…this is HUGE IMO…simply HUGE…it’s pointing us towards good things to come…IMO.
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Jubouri: Iraq has become an important axis in the stability of the region
Speaker of the House of Representatives Salim al-Jubouri said that the next stage requires mechanisms to activate regional and international efforts to combat terrorism. He pointed out that Iraq is an important and effective axis in the stability of the region, stressing that there is an urgent need for cooperation between the political and national forces to arrange the situation. Iraqi internal affairs.
According to two statements of the Office of the Speaker of the Media Parliament, received by «morning», that al-Jubouri met with the President of the National Alliance, Mr. Ammar al-Hakim, and discussed with him «developments of the Iraqi scene on the security and political levels, and the latest developments in the regional framework and the importance of cooperation and communication between the Iraqi parties to develop common visions according to The data of the new phase, especially after Iraq is about to end the stage of terror Al-Da’ashi and criminal gangs.
Read more: http://www.dinarupdates.com/blog
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Parliamentary regions are likely to approve the amendment of the election law in the first session of parliament
The parliamentary regional committee on Saturday expected to pass the amendment of the election law in the first session of the House of Representatives, indicating that the political blocs agreed to resolve the issue of Kirkuk elections by voting within the parliament.
“The first session of the House of Representatives after the end of the Eid al-Adha holiday will witness the passage of the amendment of the electoral law in full,” said member of the Committee Ahmad al-Badri said in a statement.
He added that “the political blocs agreed to pass the government’s proposal on the number of members of the provincial council and local councils as well as some points of disagreement.”
Read more: http://www.dinarupdates.com/blog
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The government is finalizing the 2018 budget. Parliament is expected to arrive next month
Special – Mawazine News The deputy of the Committee on Economy and Investment parliamentary Najiba Najib, on Thursday, the government to finalize the draft budget in 2018, while expected the arrival of the bill to parliament next month.
The parliament approved last year most of the articles of the financial budget for 2017, which included the deduction of salaries of employees and the imposition of taxes on the travel sector and refused to grant employees leave for five years.
“Najib told Mawazin News that the central government is in the process of finalizing the draft bill of the budget of 2018, before sending it to the House of Representatives to vote it expected at the same time the arrival of the draft budget next month to parliament
There are expectations in parliament that the government will work to reduce the financial budget for matters related to (military operations) considering that Iraq is close to ending all operations against elements of the organization calling for the terrorist.
Read more: http://www.dinarupdates.com/blog
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Kaperoni (Dinar Guru) – “The CBI has also requested the technical assistance of the IMF Legal and Monetary and Capital Markets Department to analyze the reasons behind the rise of the exchange rate spread” …in the last Article IV dated last month, the CBI had requested the UST and the IMF to help them get in compliance…that gives me hope they can get in compliance… and once they do, they will accept Article VIII, which will open the banking system to the world, allowing international investment, etc. So if that occurs, we may see such an effect by end of year. I do believe it is well documented that the world wants to come to Iraq and invest. If, Iraq could ever set the stage, by that meaning pass the laws, get the banking system in order, they have the potential for billions of dollars in private investment. So hang in there.
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Adam Montana (Dinar Guru) – …we do have some encouraging tidbits. OPEC – there are already talks of extending the current agreement, which Iraq is in a great spot to take advantage of. Most of the news you will see and hear is glossing over the very important fact that Iraq has an exemption in this deal. This is a big deal for them, and the more the media ignores it, the more I like it! Kurdish Independence – the date for the Referendum, however meaningless it may turn out to be, is still September 24. This gives us a mere 18 days between now and then to potentially see some big news on several fronts. We are standing by for news to pop, probably out of nowhere, unexpectedly, and possibly groundbreaking. I’m sure you’ve heard the phrase “the calm before the storm”…and I’m not talking about Irma! [post 1 of 2….stay tuned]
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Breitling (Dinar Guru) …It’s very simple for them to start adding value to it [dinar] especially with what they’ve already done. Again and again and again I get emails from people asking, “What do they need to do?” Iraq doesn’t need to do anything. They’ve gotten their currency down to where you and I can exchange for up to .54 or 55 cents. Where are they going to come out? I don’t know. Can they pull more dinar off the market? Sure they can. I haven’t seen any reports on what they’re doing. There really hasn’t been anything out there…there hasn’t been for a while. I know what they’ve already done. And I know what you and I can exchange at. And I know they’re primed to do it. And I know what the market is and it’s a long trend. That’s what they have been waiting for.
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Iraq gets the certificate GMP international
Razi Centre for research and production of medical diagnostic number of industrial research and development body, a Ministry of industry and minerals, Thursday, on receiving a certificate of good manufacturing practice GMP Of a company (Vexil Business Process Services) And for the first time in Iraq .
The Commission said Abdul Ghani Jafar told the Emeritus has gone through the media, that the “certification of Razi was the result of efforts and commitment to global standards for application of the quality system and in particular specifications GMP And which entailed obtaining good manufacturing practice certificate, adding that the center holds a quality certificate ISO 9001 : 2008 ) ) Of the pixel company “.
Read more: http://www.dinarupdates.com/blog
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Iraqi-Kuwaiti agreement on joint exploitation of oil wells
“New” newspaper, Wednesday, Iraq and Kuwait agreement on joint exploitation of oil fields between the two countries, after agreement with global consulting Office, to prepare a study with a mechanism to develop common fields.
According to the paper, according to a Government document obtained by Iraq, and Kuwait signed a memorandum of understanding on joint exploitation of oil fields “, stating that” the scope of the MOU include the development and optimization of the fields on both sides of the international border between the two countries, namely in ritqa in North State of Kuwait, Rumaila and Safwan fields in southern Iraq.
She said “the two countries have conducted negotiations on the sharing of border oil fields for more than seven years, but oil experts considered that this file was a lot of technical, security and political complexities, what makes it difficult to implement, since things have been stuck since that date.
Read more: http://www.dinarupdates.com/blog
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Iraq ‘s economy depends on a new mechanism to distribute the salaries
The project is expected to be completed by the end of the current year, the project of automation of salaries or what is known as electronic settlement through the use of smart card, as all the employees of Iraq, about 4.5 million, representing 10 percent of the population of smart cardholders, and receive salaries from banks Via this card with different uses.
The Iraqi Council of Ministers requested that the Ministry of Planning and Development Cooperation coordinate with the Ministry of Finance and the Central Bank of Iraq to issue a unified job number for the employees of the government departments, for adoption mainly in government databases.
The Council of Ministers also granted the employee the freedom to choose a bank approved by the Central Bank in the process of settling salaries to open a bank account in preparation for receipt of his salary through the account electronically under a bank card.
The project is an important step that will contribute to a qualitative change in the life of Iraqis with the presence of so many employees.
Read more: http://www.dinarupdates.com/blog
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UN: Iraqis deserve to live in peace, dignity, prosperity
The Special Representative of the United Nations Secretary-General (SRSG) for Iraq, Jan Kubis, extended on Friday his warmest wishes to Muslims across Iraq for a peaceful and joyous Eid al-Adha.
“As we wish you peace and prosperity on this blessed occasion, our thoughts and prayers go to all the martyrs and fighters of all liberating forces, to all those that provided support, to all civilians affected by the conflict, notably to the millions of displaced who are celebrating the Eid in IDP camps,” he stated.
The liberation of Mosul should not conceal the fact that the road ahead remains challenging. The Eid once again arrives as Iraq continues to be pounded by cowardly terrorist bombings, resulting in innocent victims. Iraqi forces, which triumphed in Tal Afar today, are continuing the fight to liberate other areas of Daesh terrorists, the SRSG said.
“But hopeful days lie ahead for Iraq”, Kubis stressed, urging Iraqis to take all feasible steps to build on the military victories against the terrorists and ensure a future for their families free of conflict.
Read more: http://www.dinarupdates.com/blog/
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MilitiaMan (Dinar Guru) – Article: “Iraq ‘s economy depends on a new mechanism to distribute the salaries of 4.5 million employees” Quote: “The Council of Ministers also granted the employee the freedom to choose a bank approved by the Central Bank in the process of settling salaries to open a bank account in preparation for receipt of his salary through the account electronically under a bank card.” If the above article is not confirmation of what we have learned to date…I don’t know what is! This should have everyone speechless…The pieces of the puzzle are unfolding under cover of a Holiday, imo.. Tell me things are not solid as a “Glory Day Dinar”! They make deposits and will need access to Dinars when they need them even when branches are closed. imo…
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Breitling (Dinar Guru) – I’ve gotten a lot of emails about one of my favorite articles that came out last month. “Currency war talks restarts after Jackson Hole Wyoming and the language and the posture of the leading central bankers over the weekend shows that tensions over exchange rates are starting to heat up again.” …Currency wars are the tip of the spear when it comes to economic warfare. That’s the number one weapon we have…there’s an investment opportunity during the currency wars…how does this currency war effect Iraq? …This actually helps us…Iraq has a huge huge card in this game and that’s their currency. It’s always been like that from day 1. That’s their way out. That’s their way to regenerate their economy. They are very happy about it. They know what’s coming down the road…So what’s Iraq going to do? They’ve kept their currency at a 10th of a penny for a reason… [Post 1 of 3: Stay tuned for the rest of the story]
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Iraq announces preliminary crude export statistics for August
The Ministry of Oil announced on Saturday the rate of exports and revenues achieved for last month, according to preliminary statistics issued by the Iraqi oil marketing company “Sumo”, where the amount of exports of crude oil more than (99) million and (700) and (761) barrels , With revenues of more than (4) billion and (608) million dollars.
The spokesman for the Ministry of Oil Assem Jihad said in a statement that the total quantities exported crude oil last month of oil fields in central and southern Iraq amounted to more than (99) million and (700) thousand and (761) barrels, while the statistical exports of Kirkuk fields.
He pointed out that the daily rate of exports amounted to (3) million and (216) thousand barrels. Jihad said the average price per barrel amounted to (46,223) dollars.
Read more: http://www.dinarupdates.com/blog/
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Enorrste (Dinar Guru) – Article: “Central Bank of Iraq: reap the success of monetary policies .. ” This article …clearly refers to moving to a floating dinar rather than to an RV. Oh, it also makes it clear that the IMF is behind all of this maneuvering. I agree with KAP [Guru Kaperoni…reference post 8-28-2017]: can’t expect much in terms of incoming investment until the IMF has completed its work to get Iraq positioned to move from Article XIV to VIII.
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Kaperoni (Dinar Guru) – Article: “Economic attacks the central bank warns of the imminent collapse of the currency” Quote: “The Iraqi Central Bank to conduct the recent lifting of Iraq ‘s reserves data from the dollar on the website of the bank, evidence of the lack of transparency among its employees with public opinion.” I think he is saying since the CBI has not updated the statistics on the CBI website, they are hiding something. He references the reserves not being at the level presented and at least equal to the dinar in circulation. To be honest, it is hard to find anything on the new website.
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International tribute to the government’s reform measures
The governor of the Central Bank of Iraq and the Bank of the International Monetary Fund praised the procedures reform in the monetary and fiscal policy conducted by the government and central alike, noting that more than 250 companies from different nationalities competed to buy the international treasury launched by Iraq Majara.oukal.
Keywords in bonds dialogue with the «morning»: the «general budget for the current year law included the issuance of international bonds worth US $ two billion as part of the deficit in the budget of the year 2017», noting that «the first billion was issued a guarantee from the US government, which helped to reduce the amount of interest to the limits of 2 percent and Iraq need this kind of guarantee that bonds the second meal worth one billion also issue an interest rate higher than the first, at that when the pool Alvaidtan interest is acceptable and does not constitute weight to the public treasury of the state. »
Read more: http://www.dinarupdates.com/blog
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Political and parliamentary welcome to the openness of neighboring countries to Iraq
Baghdad / Muhannad Abdul Wahab The regional calls expressed in recent days by regional and global neighbors have been greeted by a wider political welcome with more political and economic openness with Iraq.
He called on politicians and members of the House of Representatives to support the government in the implementation of its program to open up to all countries of the region and the world to strengthen the status of Iraq’s economic and international, stressing that the reopening of the Trebil crossing gives an important message to defeat the “da’ash” terrorist, stressing the importance of this openness, which will save millions of jobs For Iraqi youth. It is noteworthy that Prime Minister Haider Abadi recently received the Minister of Foreign Affairs and Affairs of Jordanians Ayman Safadi, Abadi stressed Iraq’s keenness to develop cooperation with the Kingdom in various fields, praising the close cooperation in the face of various challenges, for his part Safadi said, Iraqis in the war on terror, which is a common enemy must unite all efforts to defeat. ”
Read more: http://www.dinarupdates.com/blog
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Methodology of financial reform
Thamer Hymes *We are encouraged by the serious and sincere proposals for the development of our economy that two well-known Iraqi women have demonstrated experience, loyalty and academic weight. They are developing successful visions to cope with the unusual conditions and published by Al-Sabah.
Dr. The appearance of Mohammed Saleh proposals can be implemented through his vision of the potential and the circumstances surrounding; it puts its touches on the financial reform of the years (2018 2020) in the light of financial conditions and ways to address and the strengthening of non-oil resources.
Professor Adnan al-Janabi, one of the engineers and founders of the National Oil Company and the veteran parliamentarian, turned the equation to distribute the oil resources to the people under Article 111 of the Constitution by adopting a tax system for the state to carry out its duties.
Read more: http://www.dinarupdates.com/blog
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DU Conference Call repost
Sorry about getting this posted late. Our normal banner provider is in the middle of server/software maintenance. This is the only posting of this call replay (no banner).
Aug 24th – DU Conference Call Link
For a limited time – I am personally handling the sale of some privately held Dinar. It is from a premium source and is in excellent condition (Uncirculated 25k notes).
If you would like to add to your Dinar holdings while it is still possible, send me a PM via FaceBook (in the Private Group) or send an e-mail to DinarUpdates@comcast.net . I will make the arrangements.
Thanks
BGG
P.S. This is for a friend with significant holdings needing to “save the ranch”.
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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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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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